Kriptokoin

The blockchain world is experiencing quite active days this week. Significant developments from projects such as AgriDex, EigenLayer (EIGEN coin), and Layer3 have created excitement and discussion in the crypto community. In this week's news, we'll take a look at these projects' airdrop plans, new token launches, and future plans.

Solana-based AgriDex raises $5 million and plans airdrop

AgriDex, a Solana-based platform that works on the tokenization of agricultural commodities, has raised $5 million in pre-seed funding from Endeavour Ventures, African Crops Limited, Oldenburg Vineyards, and Hank Oberoi. With this investment, the value of the project increased to 18 million dollars. AgriDex is a platform for tokenization and trading of agricultural commodities. A Qualified Intellectual Deed (NFT) is printed for each transaction made on the platform.

EigenLayer and EIGEN coin at the center of controversy with airdrops and restrictions

EigenLayer, a $15 billion decentralized finance (DeFi) protocol, has sparked excitement and controversy in the crypto world with its upcoming token launch. The project is set to distribute the highly anticipated EIGEN token with an airdrop starting on Friday, May 11. However, the hype around the free token distribution is marred by the exclusion of users from the US, China, and other regions. Eigen Labs cited regulatory uncertainties as the reason for the restriction for users from the US and China.

This decision, as expected, drew criticism from the crypto community. Messari analyst Kunal Goel stated that the EIGEN token airdrop is the primary incentive that incentivizes users to invest in the service. Goel stated that due to the new restriction, many early backers will not be able to claim their tokens. The restrictions also apply to VPN users and residents of some other countries. Similarly, Secondlane's Nick Cote expressed dissatisfaction with Eigen Labs' lack of transparency around regulatory limitations. "The fact that publishers aren't open with legal restrictions leaves a sour taste in people's mouths," Cote said.

Meanwhile, Robert Drost of the Eigen Foundation emphasized the importance of complying with regulatory guidelines in a recent podcast. Following criticism from the Crypto community, EigenLayer has revised its airdrop plans, announcing the allocation of an additional 28 million EIGEN tokens. As Kriptokoin.com reported, earlier this year, Eigen Labs raised about $165 million in funding from investors, including a16z (Andreessen Horowitz). According to DeFiLlama, EigenLayer has attracted a whopping $15.01 billion in assets since its launch in early 2023.

Finally, Layer3 announced that it will issue its own cryptocurrency and hold an airdrop this summer. According to the statement, the total supply of the Layer3 token will be 300 million, of which 51% will be reserved for community members. Token's economic details will be released in June 2024. Holders of the Layer3 token will have a say in the governance of the protocol, as well as benefit from staking tools.

In the first phase of Airdrop, 5% of the L3 token will be distributed to long-time supporters and CUBE mint of the project. The Layer3 team has announced that multiple airdrops will be made and details about it will be shared in the future.

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Crypto the money market continues to exhibit opposite trends. Bitcoin price is experiencing investor uneasiness and outflows from ETF. Traditional institutions, on the other hand, are showing increasing interest in their spot Bitcoin ETF. This mixed situation extends to altcoins, where some have experienced price declines along with the Bitcoin, while others have bucked the trend and increased in value.

ETF outflows were effective for the Bitcoin price

The dominant cryptocurrency Bitcoin faced outflows from ETF for the second year in a row on May 10. Grayscale Bitcoin ETF (GBTC) witnessed a significant outflow of $100 million, with the total outflow in all of Bitcoin ETF 11 reaching over $84 million. This investor hesitancy is reflected in the price of Bitcoin, which is approaching the critical support level of $60,000, down another 3.5% in the last 24 hours. On-chain data reveals a lack of enthusiasm for the "buy the dip" strategy, indicating potential fear and uncertainty in the market.

Summary of the altcoin market

The performance of altcoins reflected broader market volatility. Ethereum (ETH), the second-largest cryptocurrency, fell 3.60% to $2,916.58, following Bitcoin's fall trend. Other leading altcoins such as Solana (SOL), XRP, and Cardano (ADA) also recorded declines. But the market was not entirely inclined to fall. Altcoins such as LDO, TRX, CHZ, and RUNE are trading on the green board. Also, meme coins, for example, have remained popular. Dogecoin (DOGE) and Shiba Inu (SHIB) have witnessed price declines, but some memecoins such as REKT, MAGA VP, and Turbo have experienced significant increases.

Despite the recent price drops, there are signs of a potential rebound in the market. The overall crypto market cap increased by 2.33% to $2.33 trillion, indicating a slow but positive rise trend. The increase in the number of transactions and the volume of transactions also indicates that investor activities are renewed. It's important to note that this is a neutral point on the fear and greed index, suggesting that investors take a wait-and-see approach.

Crypto money market is currently in a state of flux. Bitcoin's price struggles are offset by increased institutional interest in its spot Bitcoin ETF. Altcoins are showing mixed performances; Some reflect the decline of the Bitcoin, while others defy the trend. It is not yet known whether the market will fully recover by the end of the month, but one thing is clear: the Crypto currency space continues to evolve, presenting both challenges and opportunities for investors.

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The price of Dogecoin (DOGE), one of the leading meme coins, is significantly influenced by its strong relationship with Bitcoin (BTC). Both currencies use the Proof of Work (PoW) consensus method. This method is considered by some to be outdated compared to more modern and energy-efficient alternatives.

The recent fall in the entire cryptocurrency market, especially in Bitcoin, has likely contributed to the decline in the value of DOGE.

DOGE enthusiasts had set a price target of $0.20, but the fall in the broader crypto market has created a hurdle. The meme coin's value fell below the critical support level of $0.15, raising concerns about a potential additional fall. However, DOGE has risen as much as 5% to $15 as of the time of writing.

Analysts see a possible support range between $0.143 and $0.146. However, if the price breaks below this range, it is likely to start a more significant pullback.

Although there is a negative outlook in the short term, there are signs of potential positive developments for the DOGE. Demand for DOGE is currently significantly higher than supply, indicating that investor enthusiasm continues.

However, investors are also turning to Dogecoin alternatives. The number of whales buying Dogeverse tokens in ongoing pre-sale projects is increasing, as well as the demand for 99Bitcoins tokens

Dogeverse (DOGEVERSE) Is Coming To Be More Than Just A Meme Coin

Dogeverse (DOGEVERSE) is a cryptocurrency that runs on many blockchain networks and offers the ability to earn bounty through staking. This project accompanies a new journey by launching on six major blockchain networks, namely Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. Thanks to its multi-chain feature, the number of people who trust the project has increased, while Dogeverse token purchases have exceeded $13 million.

By using this token, a connection between Ethereum and Solana can be effortlessly established, thus gaining access to Solana's fast and cost-effective ecosystem. Given that the DOGEVERSE isn't just limited to a single chain, the options for elements like DeFi and NFT are almost endless.

In addition to its ability to support a variety of chains, Dogeverse also has a staking system that allows holders to receive passive benefits. The annualized percentage yield is reportedly up to 70%, and more than 23 billion DOGEVERSE tokens have already been staked. The integration of the multi-chain architecture and the provision of staking rewards could potentially give Dogeverse a competitive advantage over many of its peers.

On the other hand, whales also have their eyes on this project. Famous cryptocurrency influencer Jacob Bury reports that a meme coin whale has purchased $183,000 worth of Dogeverse tokens.

The excitement surrounding the Dogeverse also reached its highest point as it reached the final round of its presale. With over $13 million already secured, this cross-chain coin is proving to be an attractive opportunity for investors.

Dogeverse is in its final presale phase before its highly anticipated DEX listing, and it's offering one last chance to grab tokens at a discounted price.

99Bitcoins (99BTC) is one of the oldest and most reliable sources of information about Bitcoin. The platform offers tutorials on everything from Bitcoin acquisition, Bitcoin mining, BTC wallets, and the best Bitcoin exchanges. For example, the 99Bitcoins mining calculator is one of the go-to tools for BTC investors and mining enthusiasts

With years of experience, the platform has pre-sold its own token, 99BTC. Thanks to intensive purchases of 99Bitcoins tokens, the funds raised have grown to over $1.1 million. Currently, those who want to buy 99BTC can get the token at $0.00104.

The 99Bitcoins YouTube channel has more than 700 thousand subscribers. His videos on "What is Bitcoin" and "How to Bitcoin Mine Using Your Own Computer" have been viewed millions of times. Similarly, the 99Bitcoins website has close to 3 million subscribers.

99Bitcoin is designed to maximize the financial benefits of learners and token holders, incentivizing them to take full advantage of the platform's learn-to-earn resources.

All 99BTC token holders are able to stake their assets, starting with the presale. According to the 99Bitcoins staking dashboard, stakers are currently earning a return of over 1,400 percent.

The project offers a learn-to-earn approach that offers rewards. As individuals learn about cryptocurrency, they earn cryptocurrency. This is accomplished through the use of a number of different educational tools, such as quizzes. Successfully completing these challenges allows you to rise to the top of the rankings on 99Bitcoins.

As you go through them, more bounty are gained while gaining access to more courses. In addition to the presale opportunity, 99Bitcoins is also giving away a bounty worth $99,999. The protocol rewards three participants who follow, retweet or sign up for the website with a collective Bitcoin worth of $99,999

Disclaimer:** This is a sponsored content and press release and does not necessarily reflect the views of the Kriptokoin.com team. The high risk of loss in leveraged trading and cryptocurrency investments should be taken into account, and extensive research should be done before investing in any platform Follow us on Twitter*****,* Facebook*, and* Instagram* and* Telegram and YouTube join our channel!

Bankrupt crypto exchange FTX continues to liquidate crypto assets that support its debt repayment plans. In this regard, FTX announced reimbursements to creditors and customers, along with additional interest. However, FTX creditors have said they are unhappy with the repayment plan. Accordingly, creditors have stated that they are demanding crypto payments instead of USD. If FTX and Alameda want to cash out the assets, there could be a hefty sell-off.

Are FTX and Alameda preparing for further sales?

In April, crypto exchange FTX and its sister firm, Alameda Research, liquidated a significant portion of their crypto assets worth $98 million.Kriptokoin.com As we know, FTX disposes of its Solana (SOL) assets to reimburse its customers. Crypto there is a possibility that this sell-off from the money exchange will continue.

According to data from blockchain analytics firm Arkham Intelligence, tagged wallets associated with FTX and Alameda Research initiated a total of $97.35 million in liquidations last month. FTX has $33.85 million worth of BOBA and $11.22 million worth of ETH. In addition, FTX controls more than 78% of the FTT supply. Pantera Capital, on the other hand, absorbed most of the sales of FTX's Solana Holdings. Alameda Research, meanwhile, owns WLD worth $140 million, BIT $102 million. He also holds significant positions in several assets, including $93 million in BTC and $48 million in STG. So, there are enough possibilities for these two companies to divest their shares in the future.

Tagged FTX and Alameda wallets have sent a combined $97.35M to be liquidated in the past month.

FTX still holds $33.85M in BOBA and $11.22M in ETH – in addition to over 78% of the FTT supply.

Alameda's main holdings are $140M of WLD, $102M of BIT, $93M of BTC and $48M of STG.... pic.twitter.com/bUpuJm9FSQ

— Arkham (@ArkhamIntel) May 9, 2024

Highlights of FTX and Alameda's holdings

Top 10 FTX-held tokens by value

1. FTT: $464.12 million.
2. BOBA: $34.03 million.
3. Tether Gold (XAUT): $9.69 million.
4. EURT: $8.79 million.
5. MEDIA: $8.16 million
6. AMPL: $7.35 million.
7. BIT: $6.83 million.
8. ETH: $6.31 million.
9. SRM: $4.49 million.
10. USDC: $3.50 million

Top 10 tokens held by Alameda Research by value

1. WLD: $139.25 million.
2. BIT: $102.22 million.
3. BTC: $93.83 million.
4. STG: $48.90 million.
5. AUSDT: $19.94 million.
6. BOBA: $18.12 million.
7. FTT: $16.20 million.
8. YUSD: $11.66 million.
9. VBTC: $6.36 million.
10. ANKRETH: $6.26 million.

Increase in claims for compensation and claims of creditors

Meanwhile, investor interest in FTX receivables has surged in the wake of the draft bailout plan, which envisions a 118% bailout rate for the majority of creditors. Louis Origny, FTXCreditor's Chief Technology Officer, who has already received more than 2,100 requests, predicts an increase in demand acquisition activity. Origny identified two factors that contributed to this expectation. The first is that the text of the statement refers to a potential 30% tax withholding rate for non-US customers, which may prompt creditors to sell their receivables on the secondary market. The second is that not all creditors will be able to cash their USD checks.

FTX creditors will get OVER 100% of their money back, but @LouisOrigny (co-founder of @ftxcreditor_com) & I discuss why this is a deceptive statement & break down the pros/cons of FTX's new plan. A LOT of customers are getting screwed (feat. @arush). pic.twitter.com/cvOekwUpQL

— Tiffany Fong (@TiffanyFong_) May 10, 2024

On the other hand, creditors have also voiced their opposition to the repayment plan. The primary issue at hand is that the insolvency court halted the valuation of client crypto assets in November 2022. Also, the fact that this coincides with the bottom of the bear market. As a result, the majority of FTX creditors are demanding their repayments back in crypto assets instead of USD. Crypto exchange FTX has not yet responded to this.

FTX says most of its customers will get all their money back but many are unhappy.

"The main problem here is that the bankruptcy estate froze the value of customer crypto assets back in November of 2022," says @KenzieSigalos. "We're talking about the bottom of the bear market." pic.twitter.com/nK3dxRuCQb

— Last Call (@LastCallCNBC) May 8, 2024

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Famous entrepreneur Elon Musk expressed his support for investing in Argentina with a post on the social media platform X last Tuesday. This support comes at a time of growing investor confidence in Argentina under the leadership of President Javier Milei.

Following Musk's announcement, the Global X MSCI Argentine ETF (ARGT), which tracks the performance of major Argentine stocks, rose more than 1 percent in New York markets. This marked the rise ETF's eighth gain in nine sessions and led to a 54 percent rally since Milei's election victory in November 2023. The positive sentiment has also been reflected in Argentina's fixed-income assets, with dollar-denominated bonds maturing in July 2030 more than doubling in value since Milei's election.

I recommend investing in Argentina

— Elon Musk (@elonmusk) May 7, 2024

Beyond their shared passion for Argentina, Elon Musk and Javier Milei share a strong support for cryptocurrencies, especially the Bitcoin. While Tesla's CEO has declared that he owns Bitcoin and defended Dogecoin, the Argentine president sees BTC as a means of returning monetary power to the people.

It is not yet clear whether and how this cooperation will take place. Regardless, the meeting between Elon Musk and Javier Milei demonstrates the growing interest in cryptocurrencies from world leaders and their ability to transform the economies of developing countries.

Following this development, the fact that the two projects exceeded a total of $20 million in pre-sale events creates great excitement in the cryptocurrency community.

Artificial Intelligence and Meme Culture Come Together with WienerAI

WienerAI (WAI) has managed to attract the attention of both discerning investors and fans. The project's remarkable initial coin offering (ICO) debut has surpassed $1.3 million in just a few weeks as WienerAI token purchases intensify, generating quite a stir. Blending memes with artificial intelligence further reveals the potential for expansion.

Since WienerAI is built on the Ethereum Network, it has a staking mechanism in addition to its intriguing founding story. Currently, those who buy WienerAI tokens can have an annual percentage yield (APY) of over 700%.

The project seems to have been particularly inspired by Scotty the AI, another artificial intelligence project that was very successful during its ICO. In the same vein as blockchain technology, WienerAI aims to provide investors with entertainment, functionality, and healthy profits.

WienerAI, a "Revolutionary AI Trading Partner," according to the project's creators, facilitates trades and token swaps with its free, user-friendly AI functionality. Useful insights and investment recommendations are made available to users using this project's forecasting technology. For crypto investors looking to gain an edge, this is seen as a great alternative.

Token transactions are made even easier with the Wiener Swap function. DEX guarantees that traders on their platform get the best prices, which means that traders can earn significant amounts.

There are a total of 69 billion WAI tokens in circulation, all of which stand out as ERC-20 tokens. The project also states that it has undergone a thorough audit by Coinsult, not ignoring the issue of openness and security.

Going forward, the project showcases a plan that defines a sequential path to achieve its goal. It all starts with a strong presale, followed by lists of possible exchange to increase visibility and growth.

Buying WAI tokens during the presale is as easy as visiting the project's website, connecting the Ethereum wallet, and entering the desired amount.

Dogeverse (DOGEVERSE), the first multi-chain meme coin, recently surpassed its $13 million presale target, fueling excitement among investors. Dogeverse token purchases continue to increase as the presale is close to 80% complete and the project's roadmap shows that DEX listings are in the pipeline. FOMO also plays an important role in the project's recent popularity.

Dogeverse breaks down barriers between different blockchains and offers seamless interoperability for users. Project Ethereum can run on six major chains: BNB Chain, Polygon, Solana, Avalanche, and Base.

Unlike most meme coins, DOGEVERSE relies less on hype and FOMO. It aims to provide a real benefit by taking advantage of Wormhole and Portal Bridge technology.

Another of the key features of Dogeverse that is highly appreciated is the introduction of the staking mechanism. Investors have already staked over 22.6 billion tokens, and the proportion is growing every day. Investors can earn 71% APY for staking Dogeverse. Investors are early to buy tokens, as this rate will decrease as more tokens are staked.

The fact that the project has a Coinsult audit also makes it trustworthy. If community sentiment remains positive beyond the presale, Dogeverse is said to be able to achieve its goals.

Disclaimer: This is a sponsored content and press release and does not necessarily reflect the views of the Kriptokoin.com team. The high risk of loss in leveraged transactions and cryptocurrency investments must be taken into account, and extensive research should be done before investing in any platform.

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Former US President Donald Trump attracts attention with his statements about the cryptocurrency world before the 2024 US Presidential elections. Emphasizing his support for the cryptocurrency industry with his recent positive statements, Trump once again showed his interest in the sector by announcing that he would accept cryptocurrency donations in his election campaign. This attitude of Trump, who is known for accepting the popularity of Bitcoin and other cryptocurrencies and criticizing the Biden administration's anti-cryptocurrency attitude, excited some traders. Because a meme coin created for Biden increased by 25 percent.

Cryptocurrency comment from Trump: Support arrived

Former President Donald Trump, who is preparing for the 2024 US Presidential elections, reiterated his support for the cryptocurrency industry. Trump, who attracted attention with his positive statements about Bitcoin (BTC) and other cryptocurrencies, announced that he will accept cryptocurrency donations in his election campaign. These statements show a change in Trump's perspective on cryptocurrencies.

Trump, in his speech at an event where he met with NFT investors stated that they could not donate cryptocurrency during the election campaign, but that they would change this. “I will make cryptocurrency donations possible. Can we donate to the Trump campaign using crypto? "I believe the answer to the question is yes," he said.

A meme coin rose with criticism of Biden

Trump also criticized his rival Joe Biden, claiming that Biden does not understand cryptocurrencies. “He doesn't even know what cryptocurrency is. “If you support crypto, you better vote for Trump,” he said. Trump, who also criticized the Biden administration's anti-cryptocurrency attitude, said that he would not allow the crypto industry to leave the United States. “If the cryptocurrency industry is leaving the US due to the hostility of Biden and his administration, we will stop it. “If we are going to embrace crypto, we have to let them be in the US,” he said.

These statements of Trump are based on cryptocurrencies in the past. This can be described as a remarkable change when compared to the statements he made when he had a critical attitude towards him. On the other hand, it is stated that Trump's former presidential campaign does not currently accept cryptocurrency donations but is considering accepting them in the near future. Trump asked a fan: "Can we donate using cryptocurrency?" He replied, "If you can't do it, I will help you do it."

Finally, Trump's comments about another cryptocurrency, BODEN, also attracted attention. “I don't like that investment,” Trump declared after learning about BODEN during an event. However, after this statement, the increase in BODEN's value continued. BODEN has fluctuated after peaking at $0.42 and was trading at $0.40 at press time. That still represents an increase of about 25 percent from when Trump made his comment.

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The U.S. House of Representatives voted 228-182 to pass a landmark resolution that could affect how banks store cryptocurrencies, making waves in the Bitcoin and altcoin industry and financial regulations. In this news, we will examine in detail the Parliamentary Joint Decision No. 109 and its potential effects.

Outline of the decision

The decision aims to rescind Accounting Bulletin Statement (SAB) 121, which the Securities and Exchange Commission (SEC) issued in 2022. This bulletin requires banks to keep customers' cryptocurrency assets on their balance sheets and maintain an offset obligation. Proponents of the decision argue that this rule is too strict for banks and hinders innovation and participation in the Bitcoin and altcoin industry. “This rule makes it impossible for banks to hold their customers’ crypto assets,” said Rep. Patrick McHenry (R-NC).

### Democrats, against cryptocurrency decision

Democrats opposed the decision and argued that the SEC needed the rule to regulate the Bitcoin and altcoin market. “Repealing this rule would make it harder to protect investors from fraud and maintain market stability,” said Rep. Maxine Waters (D-CA).

Possible effects of the decision:

• For banks: The decision could significantly change the way banks store BTC and altcoins. Instead of keeping cryptocurrencies on their balance sheets, banks may choose to turn to third-party custodians or stablecoins.
• For the Cryptocurrency Industry: The decision is expected to encourage innovation and participation in the cryptocurrency industry. Banks being more flexible in storing Bitcoin and altcoins could attract more institutional investors to the sector.
• For investors: There are concerns that the decision could make investors more vulnerable to fraud. The fact that banks are less responsible for storing cryptocurrencies may increase the risk of fraud.
• For markets: It is also thought that the decision may cause instability in the market. Bitcoin and altcoin prices are likely to become more volatile and there will be more uncertainty in the market.

The decision is not expected to pass the Senate. The White House also opposed the decision and said President Joe Biden would veto it. In conclusion, the decision of the US House of Representatives proposing changes to cryptocurrency custody rules is a significant development in the Bitcoin and altcoin industry and financial regulations. The final impact of the decision will become clear after the Senate's vote and the White House's veto threat.

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The cryptocurrency market continues to wobble as Bitcoin loses its momentum. While Bitcoin is struggling to avoid losing $62,000, altcoins are also trying to maintain their critical supports. The direction of the market remains uncertain in an environment of increasing regulatory pressures. However, analysts recommend that you prepare further ahead. In this context, one analyst with a large following says SOL is witnessing its last major correction. Additionally, the analyst predicts rallies for 3 meme coins and 1 altcoin.

Analyst marks $320 as target for SOL!

As you follow from Kriptokoin.com, the market is having difficulty moving forward. With Bitcoin losing momentum and the absence of new catalysts, cryptocurrencies are going back and forth. Although some analysts predict that sales will continue, some also expect upward moves. The analyst with the pseudonym Inmortal says that SOL bulls have successfully protected the support near $120. The analyst shares a chart suggesting that the leading altcoin rival is now poised to rise to a new 2024 high at $320. Also, the analyst said, “Last drop ever.” says.

Source: InmortalMeanwhile, at the time of writing, SOL was trading at $147, down 3% on the day. The altcoin price reaching the analyst target means there is an upside potential of approximately 110%.

“If SOL rises, FLOKI, DOGE, PEPE also rise!

The analyst also predicts that three meme coins will rise as well as Solana. Inmortal is closely watching Floki (FLOKI), which he said is bullish after retesting the 200 moving average (MA) on the eight-hour chart and reclaiming the $0.00015 support. The analyst predicts that FLOKI will fall to around $0.00017 before rising to $0.00025 later this month. Inmortal says the following about these 3 meme coins:

If SOL rises, FLOKI, DOGE, PEPE also rise. I'm particularly interested in FLOKI

• Deviation + Retest + 200 MA.
• Slightly delayed.

! [Altcoin] (https://img-cdn.gateio.im/resized-social/moments-6fe1d32d53-fe1e8db5da-e2294f-e5a980)Source: Inmortal### 90% increase prediction for this altcoin on the radar

Another altcoin on the analyst's radar is Seedify.Fund (SFUND). Seedify.Fund is an incubator and launch pad specializing in Blockchain games. According to the analyst, SFUND is currently in the process of consolidating the $2.60 level as support.

In this context, the analyst said, “It is retesting the 578-day accumulation for the second time. “Absolutely, you don't see that every day.” says. According to his chart, the analyst predicts that SFUND will rise to $6 in the coming months. Meanwhile, at the time of writing, SFUND was trading at $2.63. This means an increase of over 90% for the altcoin if the prediction is correct.

! [Altcoin] (https://img-cdn.gateio.im/webp-social/moments-6fe1d32d53-ce5b2edc85-e2294f-e5a980.webp)Source: InmortalFollow us to be instantly informed about the latest developments Twitter*** 'Follow on , Facebook and Instagram* and* Telegram and *YouTube * join our channel!

The cryptocurrency market is abuzz with activity fueled by a combination of whale accumulation, increasing retail investor participation, and innovative projects in the field of artificial intelligence. According to Altcoin Buzz, several altcoins such as RNDR coin are attracting the attention of major investors, indicating a potential bull run on the horizon.

Watch out for whale activity in XRP

Ripple's native token, XRP, has emerged as a pioneer in this newfound bullish sentiment. Whale addresses, which typically hold between 1 million and 10 million XRP, went on a buying spree last week, collectively purchasing more than 90 million tokens. This means that these high-volume players invested approximately $48 million; this is a trend that has historically preceded market recoveries and rallies.

Retail investors are also joining the party and the number of active addresses on the XRP network It showed a significant increase of 28.8% last week. This increased optimism from both whales and retail participants could push XRP even higher. Currently trading around 54 cents, XRP is showing promising signs of potential price growth.

Tellor in focus of whales

Tellor (TRB), a decentralized oracle network, is another altcoin experiencing a meteoric rise. Its market cap nearly doubled in early May and reached a staggering $247 million as of May 7. This growth coincides with a notable increase in whale activity around the TRB. A significant increase in whale transactions and active addresses was observed on May 6, indicating increased interest from these large investors.

Some analysts say that this rapid growth While we expect to make a profit in the middle of the year, the general perception towards TRB continues to rise. Technical analysis shows that TRB price will continue its upward trend. The formation of higher lows in the recent price action is pushing TRB back above $261, indicating a potential upside of over 35%.

Artificial intelligence coins such as RNDR coin are being purchased

Beyond XRP and TRB, other altcoins focused on artificial intelligence (AI) are also seeing significant gains. Render, for example, has skyrocketed by over 50% in the last seven days. Similarly, Singular and other AI-related tokens such as Fetch.ai (FET) and DeepBrain Chain (DBC) have significantly outperformed the broader cryptocurrency market, showing impressive growth of between 17% and 23%.

This increase in artificial intelligence-supported altcoins It is compatible with positive developments within the artificial intelligence sector itself. Investors' excitement is high, especially as chip manufacturer giant Nvidia is expected to announce its first-quarter earnings on May 22. Nvidia's strong performance could further fuel the rise in AI-related cryptocurrencies.

The combined forces of whale accumulation, growing retail participation, and a booming AI industry paint a bullish picture for the cryptocurrency market. XRP, Tellor, and AI-focused altcoins are leading this rise with the potential for significant price increases in the near future. However, as we reported as Kriptokoin.com, it is recommended to be careful, as in every investment. Investors should conduct thorough research and maintain a well-diversified portfolio to navigate the ever-evolving crypto landscape.

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The largest cryptocurrency Bitcoin (BTC) has increased by more than 3 percent in the last 24 hours, showing signs of recovery from its recent decline. Just a few days ago, BTC fell below the $60,000 level and dropped to $56,500, causing some concern in the market.

Experts also expect a stable recovery from BTC after the halving. For this reason, BRC-20 tokens are gaining more attention than before as a way to increase the utility of Bitcoin and get the price to rise again. Similar to Ethereum's ERC-20 tokens in some aspects, BRC-20 tokens allow the creation of fungible tokens directly on the Bitcoin blockchain.

The arrival of the BRC-20 token standard last year opened Bitcoin to a variety of new applications. Since the launch of the BRC20 token standard last year, Bitcoin's market dominance has been seen increasing.

Designed to simplify interactions without the need to implement smart contracts, with their simple architecture that provides security and efficiency, BRC-20 tokens are the favorite of investors looking for the best cryptocurrencies. Below are two projects that whales are turning to.

99Bitcoins Offers Massive Airdrop Campaigns and Stake Rewards

99Bitcoins (99BTC) was launched by the people behind the famous cryptocurrency blockchain. Approximately $1.1 million worth of 99Bitcoins tokens were purchased in a short period of time in the pre-sale. The token has already started making headlines in many leading crypto media outlets.

Since its founding in 2013, 99Bitcoins has been renowned for providing unbiased and fact-based information about Bitcoin and other cryptocurrencies, including its popular free Bitcoin course.

99Bitcoins is now building a learn-earn platform centered around the 99BTC token. The platform attracts both crypto newbies and long-term web3 adopters. It aims to provide these people with a comprehensive course curriculum that enables them to learn and improve their crypto knowledge, from the basics of blockchain to trading signals and strategies. By completing various learning resources, users can earn 99BTC tokens and increase their ranking in the ecosystem.

The course curriculum covers a wide range of topics, from blockchain fundamentals to trading signals, strategies, and the latest crypto chains and trends. Users can engage with interactive learning modules, quizzes, and instructors instead of traditional lectures and textbooks to increase their 99Bitcoins rankings and earn 99BTC tokens in the process.

Those who purchase 99Bitcoins tokens gain access to a variety of other benefits, including staking rewards, additional training courses, exclusive trading webinars, expert-curated crypto trading signals and strategies, and VIP community groups.

The purpose of these additional features is to provide token holders with a comprehensive education and supporting ecosystem to improve their crypto knowledge and trading skills.

On the other hand, the project offers an attractive APY of 1,500 percent in the pre-sale stages, attracting investors with significant rewards. It also plans to further increase the excitement and interest in the token by rewarding its early supporters with BTC tokens worth $99,999.

Currently 99BTC is priced at $0.00104. This price will rise in a few days. Given such a well-established reputation and the need for crypto education across the board, this pre-sale offers great potential.

### 5th Scape With Exciting Games It Attracts Attention as the Only Example of Its Kind

5th Scape (5SCAPE), which combines virtual reality (VR) games with blockchain technology, continues at full speed. By purchasing 5SCAPE tokens, users gain access to a wide range of virtual reality materials, including immersive games, educational activities and movies.

The project was designed by a team of experienced experts who are passionate about creating a comprehensive virtual reality (VR) and augmented reality (AR) ecosystem of innovative hardware, software and engaging gaming content. Profiles of the team members, including CEO Anoj Kumar, are detailed on the website.

With 5th Scape, the project team wants to usher in a new era in the VR and AR industry by leveraging the capabilities of rich gaming concepts to establish a community-driven ecosystem. The project will design VR games compatible with popular devices until it finds a place in the industry.

The platform is preparing to launch its first virtual reality game, which will be called “Cage Conquest”. The game, which will focus on mixed martial arts (MMA), is planned to be released in the second quarter of 2024. Users who purchase 5SCAPE tokens will be able to enjoy various special benefits, such as access to basic game modes, discounts on virtual reality equipment and lifetime game access.

Moreover, the project team will also introduce a VR headset and AR gaming chair. People who hold the 5SCAPE token can access exclusive virtual reality content and receive discounts on virtual reality equipment, including their own unique virtual reality headsets and chairs.

A total of 15 million dollars is targeted for pre-sale. More than $5.8 million in funding has already been secured.

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