Author: Kent Tenix

Benjamin Cowen, founder of Into The Cryptoverse, predicts that if Ethereum’s supply keeps increasing, it will return to levels seen before the Ethereum merger in September 2022. An analyst warns that Ethereum’s price may drop after the initial excitement around spot Ethereum exchange-traded funds (ETFs) fades, especially if its supply continues to grow at the current rate. Crypto trader and Into The Cryptoverse founder, Benjamin Cowen, posted on X on July 19, discussing the significant Ethereum Merge.  This occurred in September 2022, transitioning Ethereum (ETH) to its current proof-of-stake consensus model. After the Ethereum Merge, Ethereum became deflationary, and its…

Cryptocurrency scams are at their peak, targeting one of the famous Telegram-based games Hamster Kombat by faking its Airdrop and taking access to the wallets to steal funds. The famous tap-to-earn game on Telegram Hamster Kombat is one of the fastest-growing games with 239 Million players in just 81 days. A cyber security firm Kaspersky, first identified the threats of scams in which they promise to convert the game coins into rubles and provide certain links that require Telegram login credentials. Once the victim clicks on the provided link the scammers can easily access their account, allowing them to steal…

Dogecoin, an ERC20 token launched on the Ethereum blockchain, was not a full-fledged security, but a token created as a joke to entertain the community and celebrate its 10th anniversary. The token originates as a meme for the community and gets attention by getting a huge number of fans. The Doge2014 presale has had a long journey to reach this milestone, and now it is raising $100K in the presale. The meme coin started its journey in 2014 with a trading price of $0.00008547 and currently trading at the $0.120 mark. The total gain covered by the token in 10…

Sanctum is also set to double airdrop rewards to that patient and wants its token sale to be as stable and sustainable as possible following the series of airdrop fiascos. This outreach method is a great way to attract users and get tokens for DeFi projects that are seen by the public. Recently, initial token sales, a favourite among traders, have become parameters new tokens need to struggle to achieve. Some recent airdrops have seen a drastic drop in token value as soon as they are in circulation. The current situation has been blamed on several factors, including airdrop Sybil…

A newly launched Solana-based coin Soladdin coin goes up 57,045% high in the initial 6 hours of its launch by seeking the attention of profit gainers.  Soladdin, launched on July 17 managed to get the attention of the investors and make people millionaire in only 6 hours of its launch. The coin launched on Dexscreener has a total circulation supply of 10 billion tokens. Currently, the token is trading at $0.00009007 per token and has a market cap of $900K. Initially, the token gained attention due to its creation on the Solana blockchain and went as high as $0.0001500 per…

Bitcoin had its fifth-largest week of crypto inflows ever, pushing its price back above $60,000. Ether came in second, boosted by excitement over upcoming US Ether ETFs. So far this year, over $17.8 billion has flowed into digital asset investment products, suggesting a possible recovery in the crypto market. Last week alone, cryptocurrency investment products saw $1.44 billion in inflows, setting a new record. CoinShares data shows that the year-to-date inflows for 2024 have reached $17.8 billion, surpassing the previous record of $10.6 billion set in 2021. According to the report, most of the inflows are from buyers in the…

Solana price rises and crossed $150 after crossing the $135 mark, which is now correcting to build on the new high. Solana (SOL) traded and spiked above $145, crossing the 100-hourly simple moving average, indicating that any dips to $143 could be bought. Solana Price Prediction : Key Levels to Watch The Solana price began a new bullish run above the $125 level, further extending the break above the $132 and $135 resistance levels and resembling moves made by Bitcoin and Ethereum. Following a successful penetration through the $145 and $150 resistance levels, Solana (SOL) traded at $152. 05 before…

In a surprising turn of events, a phishing scammer has returned nearly $9.3 million to a victim after stealing $24 million from them last September. First reported by Scam Sniffer on July 13, the scammer used the Dai (DAI) stablecoin to return the funds in two transactions last week. On July 8, the scammer returned $5.23 million, followed by another $4.04 million on July 13 at 12:06 pm UTC, according to Etherscan data. This happened 10 months after the victim lost $24.2 million in a phishing scam on September 6, 2023, which included 9,579 Lido Staked Ether (stETH) and 4,850…

This is quite unusual and unconventional; the German government buys $23m worth of Bitcoin but now holds 90,000 PCR tests. Earlier this week, the German government disposed of the rest of its Bitcoins. Analysis platform Arkham Intelligence revealed that the German government’s Bitcoins went up by a staggering 9000X in one day only. Presently, the Germany government owns only $171 of Bitcoin to its disposal. This small sum is the result of donations coming directly from the Bitcoin society. Finally, the total balance in the monitored by them Bitcoin address was only $1.87 on Sunday.  This news elicited funny reactions…

A breakout triggers a bullish run that is anticipated to take XRP further up after a long phase of bearishness this year. Cryptocurrency markets fluctuate, with tokens displaying large price swings in the shortest time. As it emerged, Ripple sought lows below $0.4 after it broke the previous pattern. But some bulls entered at the right time, which caused high movement. Nevertheless, it must break key resistance levels to confirm its new uptrend. This currency pair was trading in a falling wedge but could not break the upper trend line, which caused it to start falling. Now, at a critical…