The biggest digital currency, Bitcoin (BTC), is currently going through a rough patch. Market activity shows that interest in the popular cryptocurrency has dwindled in the last few weeks. However, this development has opened up exciting opportunities for other alternatives to shine in the crypto space. Ondo Finance (ONDO) and ETFSwap (ETFS) have emerged as promising choices, offering better value and potential for a sustainable investment. Bitcoin’s (BTC) Reign Might Just Be Coming To An End A recent report compiled by Dune Analytics reveals that there has been a decrease in Bitcoin’s (BTC) activity. This is shown through various key indicators, such as transaction volume, miner revenue, and interest in new applications based on Bitcoin (BTC). The Bitcoin Runes that was launched on Halving day saw a significant peak in activity, pushing transaction volume on the Bitcoin’s (BTC) network. Runes had more than 80% of the transactions on the Bitcoin (BTC) ecosystem. However, the frenzy has rapidly declined over the past week, with Runes’ transaction volume significantly decreasing. The future of Bitcoin (BTC) depends on its ability to prove itself as an efficient and innovative solution and overcome the increasing competition by alternatives like Ondo Finance (ONDO) and ETFSwap (ETFS). According to data on CoinGecko, Bitcoin’s value has dropped by 0.8% and 6.1% in the last 7 and 30 days, respectively. At the time of writing, Bitcoin (BTC) trades for $63,127.47. Ondo Finance (ONDO) Sees A Significant Increase In Market Activity Ondo Finance (ONDO) is a leading decentralized finance (DeFi) protocol that enables users and investors seamless access to Real World Assets (RWAs) through tokenization. The decentralized finance (DeFi) platform was created to address efficiency, transparency, and accessibility issues often associated with crypto platforms. Since its inception, it has gained significant support from the crypto community. Data on CoinGecko reveals a significant increase, precisely 62.30%, in the daily trading volume of Ondo Finance (ONDO) over the last 24 hours. This development has sparked a bullish sentiment in the Ondo Finance (ONDO) community, hinting at a potential upward trend. ETFSwap (ETFS) Offers A 400x Return On Investment ETFSwap (ETFS) is an Ethereum-based decentralized finance (DeFi) platform that has taken the crypto world ablaze with excitement after its recent emergence. The innovative DeFi platform allows users and investors to easily trade and invest in a wide range of cryptocurrencies and institutional exchange-traded funds (ETFs) by tokenizing them on the blockchain. By bridging the gap between the traditional financial market (TradFi) and the decentralized world of decentralized finance (DeFi), ETFSwap (ETFS) creates an avenue for users and investors to gain insight into other asset classes beyond the traditional ones. They can diversify into sectors such as technology, cryptocurrency, commodity, healthcare, energy, real estate, etc. This approach helps to spread risks and enhance gains. Trading in the ETFSwap ecosystem is not only fun but also highly liquid. The platform offers market-making and perpetual futures tools, enabling traders to execute trading activities without expiration dates. Additionally, traders can leverage their trades up to 10x, maximizing their trading experiences to the fullest. The forefront trading platform takes it a step further by besting other crypto trading outfits in accessibility and interface; it does not require any form of KYC verification for investors to access its unique platform. All they need to do is create an account in minutes, and they will be ready to start trading! This is good news for small and middle-scale investors who usually bear the brunt of interference from third parties like banks and the government. ETFSwap (ETFS) is currently in its presale Stage 1, priced at $0.00854. The presale has gathered much momentum, selling over 80 million tokens in less than a week. With the next stage set to sell for 0.01831, investors are in for an exciting ride with guaranteed profits. Interestingly, the ETFS token is poised to hit major exchanges in the coming weeks, and experts expect it to rally to $4. When this happens, Stage 1 investors would have accumulated over 400x returns on their initial investments. This is a mouthwatering investment opportunity for prudent investors. For more information about the ETFS Presale: Visit ETFSwap Presale Join The ETFSwap Community Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Additionally, 2.9 million unique active wallets were recorded for blockchain gaming. Blockchain gaming investments totaled $288 million in the first quarter of 2024. April was the biggest monthly investment in blockchain gaming since January 2021, at $988 million. Additionally, 2.9 million unique active wallets were recorded for blockchain gaming, which is a record-breaking figure. The April blockchain gaming report was issued on 17 May by DappRadar in collaboration with the Blockchain Gaming Alliance. Similar tendencies in the decentralized apps (Dapp) industry as a whole coincide with the sector’s landmark month. Investors Optimistic Rekindled consumer interest in digital assets within the framework of gaming is one of many variables that the research claims are responsible for the current boom. With the help of its “Pixels” feature, Ronin has topped the charts for blockchain gaming platforms this month. With titles like Matr1x and QORPO WORLD in its library, Polygon, which was formerly the market leader, falls to second place. To suggest that blockchain gaming had a banner April would be an understatement. Blockchain gaming investments totaled $288 million in the first quarter of 2024. The investments made in April alone more than tripled that sum, falling just $22 million shy of achieving a full billion USD. The research also said that April is starting to be a good month for the metaverse. Mocaverse, one of the leading NFT collections pertaining to the metaverse, literally blew the competitors out of the water with its $8.4 million trading volume. Farmland by Pixels came in second with $1.48 million in trading volume. Additionally, Otherdeed by Otherside’s trading volume of $1.02 million was enough to break the million-dollar barrier. Notably, Ubisoft and Square-Enix, two of the gaming industry’s biggest names, have recently made measures that might bode well for the future of the blockchain gaming industry. Highlighted Crypto News Today: Magic Square Launches Magic Launchpad: New Fundraising and Community Growth Platform

Judge Sean Lane gave Genesis the go light for their Chapter 11 repayment plan. Genesis may now unfreeze and refund client funds that have been held since November 2022. The bankruptcy court has given the go-ahead for Genesis Global, a cryptocurrency lender, to repay its creditors with over $3 billion worth of cash and crypto. Digital Currency Group (DCG), the parent firm, will not be able to recover from its bankruptcy as a result of this ruling. On May 17, Judge Sean Lane gave Genesis the go light for their Chapter 11 repayment plan. With this decision in hand, Genesis may now unfreeze and refund client funds that have been held since the business stopped processing withdrawals in November 2022, when several big cryptocurrency companies went down. DCG’s Appeal Rejected In contrast, Lane rejected DCG’s contention that Genesis owes its creditors and consumers no more than the market value of the cryptocurrency assets that were held by Genesis at the time of its bankruptcy filing in January 2023. Between then and May 17, the price of Bitcoin (BTC) jumped dramatically, from around $24,000 to over $66,700. In a 135-page decision, Lane rejected DCG’s legal appeal, explaining that Genesis’ parent company did not have the right to dispute the Chapter 11 plan. In the context of Genesis’s Chapter 11 repayment structure, DCG’s standing as a shareholder is junior. Creditor claims, rather than DCG’s equity share, are eating away at Genesis’ distribution money, according to Lane. Lane estimated that DCG’s equity stake was worthless and left with a deficit of several billion dollars as a result of the massive demands from creditors. After ignoring DCG’s protest, he determined that Genesis must pay out its other creditors—including federal and state financial regulators—with claims totaling $32 billion before it can distribute any money to its equity owner, DCG. This applies even with capped consumer claims. Highlighted Crypto News Today: LayerZero Identifies Over 800K Potential Sybil Addresses

In the ever-evolving world of cryptocurrencies, innovation is key as new ventures strive to make their mark in the market. Retik Finance (RETIK) is one such venture that stands out for its initiative to combine traditional finance principles with the dynamic DeFi world. This innovative approach has caught the attention of enthusiasts and investors, sparking discussions on its potential to shake up the industry. There is a lot of talk about RETIK gaining ground and potentially competing with established players like Polkadot (DOT) in the cryptocurrency realm. Many are curious about the reasons behind Retik Finance’s potential to shake things up and become a significant disruptor. Retik Finance (RETIK), a decentralized finance (DeFi) newcomer, is poised to disrupt the market and overtake Polkadot (DOT) in terms of market capitalization. Here’s why the analyst is confident in this prediction. Polkadot (DOT): A DeFi Powerhouse It is important to recognize the fundamental strengths of Polkadot. This esteemed blockchain platform stands as a vanguard of innovation, displaying exceptional proficiency in seamlessly connecting disparate blockchains. Through its pioneering efforts, Polkadot has forged a more coherent and efficient blockchain landscape, fostering enhanced collaboration among various blockchain networks. This remarkable interoperability opens up a plethora of possibilities for decentralized applications and services, revolutionizing the digital landscape. Furthermore, Polkadot’s impressive market capitalization consistently ranks, a testament to its robust investor confidence worldwide. As a groundbreaking blockchain protocol, Polkadot plays a pivotal role in bridging multiple blockchains and enabling seamless interoperability, an essential prerequisite for the decentralized finance (DeFi) ecosystem to function optimally. The value of Polkadot transcends mere monetary metrics. It encapsulates remarkable technological advancements, fueled by a vibrant community of developers incessantly pushing the boundaries of decentralized finance. One of the key features setting Retik Finance apart is its focus on optimizing capital efficiency and minimizing impermanent loss for liquidity providers which Polkadot is yet to offer. This innovative protocol has garnered attention from investors and users alike, positioning RETIK as a promising player in the DeFi space. Retik Finance (RETIK): Innovative DeFi Altcoin Challenges Polkadot (DOT) with Futuristic Crypto Debit Cards Retik Finance (RETIK) is a new player in the financial landscape that aims to bridge the traditional financial system with the emerging world of cryptocurrencies. RETIK leverages the Ethereum blockchain to offer a range of decentralized finance (DeFi) services that aim to seamlessly integrate fiat and crypto, revolutionizing financial transactions. One of Retik’s notable features is the launch of crypto debit cards, which were introduced even ahead of schedule. This allows users to utilize their digital assets for daily expenses, which is a bold move that heralds a paradigm shift in the way individuals engage with their cryptocurrencies. Retik’s pioneering efforts open up new possibilities, making financial transactions more accessible and versatile for the future. Let’s take a closer look at what sets Retik Finance apart, making it a powerhouse in the DeFi landscape with the potential to overtake the market cap dominance of platforms like Polkadot: Pioneering Crypto Debit Cards Imagine being able to use your cryptocurrency assets to make purchases at any establishment that accepts Visa or Mastercard. Retik’s innovative debit cards, powered by the RETIK token, act as a crucial bridge between decentralized finance (DeFi) and traditional financial systems, potentially leading to wider adoption of cryptocurrencies among the general public. This groundbreaking feature distinguishes Retik from Polkadot’s core offerings, demonstrating a forward-thinking approach that seamlessly combines the worlds of digital and traditional finance. Strong Tokenomics and Early Success The RETIK token has been designed with a well-planned roadmap and has a strong utility within the Retik ecosystem. Its presale, which ended ahead of schedule, exceeded expectations by raising over 400% of its initial target. With a total supply of 1 billion RETIK tokens, the project has a clear distribution strategy in place to ensure token value remains stable. This highlights the strong support of our active community. While Polkadot may have a larger market cap, the success of Retik’s presale demonstrates significant investor interest, and promising growth prospects, and solidifies our position in the ever-changing cryptocurrency landscape giving Retik a leverage to surpass Polkadot in Market Cap. Focus on Scalability and Security Retik distinguishes itself from other decentralized solutions by implementing an open payment consensus protocol, which fosters unparalleled scalability and adaptability. The cornerstone of Retik’s architecture is security, which places utmost importance on user safety and cultivates trust within the DeFi ecosystem. While Polkadot aims to solve the challenge of interoperability, Retik places a laser focus on both scalability and security, positioning itself at the forefront of future expansion and innovation within the decentralized finance realm. Closing Thoughts Although Polkadot (DOT) is a strong player in the market, Retik Finance (RETIK) brings a fresh perspective with its user-centric approach, early adoption of crypto debit cards, and a secure DeFi ecosystem. The successful completion of its presale and the early launch of its cards demonstrate strong community support and a commitment to rapid development. As the DeFi space continues to evolve, Retik Finance (RETIK) positions itself as a strong contender with the potential to overtake Polkadot in Market Cap. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Twitter: www.twitter.com/retikfinance Telegram: www.t.me/retikfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets posting significant gains in the past week. Most notably, the Bitcoin price bounced back from around $61,000 to above $67,000 for the first time in nearly a month. As expected, this latest price movement has sparked a lot of speculation and discussion around the premier cryptocurrency. Popular blockchain analytics firm CryptoQuant has shared on-chain insights into the recent Bitcoin price rally and its future trajectory. How Did Bitcoin Price Reach $67,000? In a recent report, CryptoQuant revealed the catalyst and on-chain manifestations behind BTC’s latest rally to above $67,000. According to the analytics firm, the price of Bitcoin rode to its new highs on the back of the news of lower-than-expected inflation in the United States. The inflation data released on Wednesday, May 15 showed that the Consumer Price Index (CPI) rose by 0.3% in April – lower than the expected 0.4%. This revelation suggested that inflation might be on a downward slope in the US, making risky assets like Bitcoin more attractive. In its report, CryptoQuant revealed that there has been a decreased selling pressure in the BTC market, as short-term holders are selling at low or negative profits. Meanwhile, Bitcoin balances at over-the-counter (OTC) desks have steadied, implying that fewer coins are entering the open market. What’s more, the analytics platform highlighted a particular on-chain signal that might have predicted the recent Bitcoin price rally. According to CryptoQuant, BTC miners have been extremely underpaid over the past few weeks, which often correlates with price bottoms. The Catalysts For Sustained BTC Rally? CryptoQuant, in its report, identified potential catalysts for a continued rally for the Bitcoin price. According to the on-chain data company, demand from permanent holders and largest investors is on the rise but it needs to climb rapidly to push the price of BTC even higher. Furthermore, the latest data shows that Bitcoin ETF (exchange-traded funds) purchases have dwindled to nearly zero daily, while stablecoin liquidity growth is also on a decline. CryptoQuant noted that these two metrics need a jolt, which might be critical for a sustained Bitcoin rally. As of this writing, the Bitcoin price continues to hover around $67,000, reflecting a 2.5% increase in the past 24 hours. According to CoinGecko data, the premier cryptocurrency is up by a significant 10% in the past week.

According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data. However, Bitcoin is an asset subject to the influence of several forces. According to a report by blockchain analysis platform LookonChain, BTC may soon experience another price rally following an increase in the supply of a specific stablecoin. Can USDT Replicate Surging Effect On Bitcoin? In an X post on Friday, LookonChain reported that the Tether Treasury has minted an additional 1 billion USDT indicating a consistent rising demand for the stablecoin. USDT which ranks as the third largest cryptocurrency doubles as the most dominant stablecoin in the crypto space with a market cap value of $111.25 billion. The USDT token has famously recorded much growth in the last year with over 31 billion new tokens minted on the Tron and Ethereum network. Interestingly, LookonChain reveals that this rise in USDT market share contributed significantly to Bitcoin’s ascent from $27,000 to $73,000 in the past fifteen months. The theory behind this relationship stems from an increase in traders’ liquidity provided by investments in USDT. This increased market liquidity can alter the status of Bitcoin’s supply and demand and oftentimes lead to a rise in BTC’s price. Following the most recent 1 billion USDT minted by the Tether Treasury, most investors and spectators could be expecting a similar boosting effect on Bitcoin’s price, especially with the crypto bull season in play. However, Bitcoin’s price in the coming months is still likely to be influenced by other factors such as the BTC spot exchange-traded fund (ETF) market. According to data from SoSoValue, net inflows on Friday reached $177.01 million bringing the total value of the Bitcoin spot ETF market to $12.58 billion. As more major traditional finance players gain a piece of this novel market, Bitcoin is expected to experience monumental levels of demand which will translate into weighty price gains. BTC Price Overview At the time of writing, Bitcoin was trading at $66,853, reflecting a 9.64% gain in the last week. The crypto market leader is currently in a consolidation state as it gathers momentum to break past the 67,000 resistance zone. Bitcoin is likely to remain the “diamond” of the crypto bull season for many investors based on historical price data. However, there remains a need for proper research by all investors and traders before engaging the market.

Magic Square, backed by Binance Labs, is pleased to announce the launch of Magic Launchpad, a new Initial DEX Offering (IDO) platform. Magic Square is built on the strong foundations of the Magic Square community, with over 4.5 million unique user wallets and over 1400 projects registered with the Magic Store Web3 App Store. Magic Launchpad is mainly used as a platform for fundraising, but it also greatly improves community building and growth solutions within the Magic Square ecosystem. By enforcing a strict application procedure, the Magic Square team’s strategic, modular, multi-chain platform Magic Launchpad highlights project quality. This ensures that the platform’s capabilities are optimally used for users and projects alike. All initiatives, regardless of size or development stage, have equal chances to succeed since it encourages transparency and offers equitable access to funding possibilities. Andrey Nayman, Founder and CEO of Magic Square stated: Nayman, further added: Several IDO types will be available on Magic Launchpad, providing the community with extensive access to every area of fascinating Web3 innovation. SQRp points, which are earned by staking $SQR tokens, are used by users to decide how big of an allocation they should get for particular project launches that need points. Furthermore, some launches may be organized as private rounds and others as whitelist events, providing prospective investors with a variety of ways to participate. One of Magic Launchpad’s most notable features is the Road-to-IDO campaign, which is held before each IDO. By participating in the project’s community and on its platform before it launches on the Magic Launchpad, people may earn token rewards. The innovative perpetual DEX on the TON blockchain, Storm Trade, will be the subject of the inaugural IDO on Magic Launchpad. With the backing of Ton Ventures, Storm Trade offers trading with up to 50x leverage across a variety of markets by integrating with Telegram directly. With the launch of the Magic Launchpad and the impending release of the $STORM Token, Storm Trade is celebrating by allocating 5,000,000 $STORM tokens (about 0.05% of the entire supply) to the Road-to-IDO Campaign. High-yield liquidity pools, social-fi elements, and an intuitive user interface are all aspects of Storm Trade, which is supported by complete decentralization and superior security.

Dogecoin (DOGE), once celebrated as the darling of the cryptocurrency world, finds itself under harsh scrutiny as a top analyst delivers a scathing critique, dubbing it a ‘hot mess’ and predicting its inevitable decline to zero value. Yet, within this critique, the analyst shines a light on Retik Finance (RETIK) as the alternative poised to soar by 20x its current value in 2024. Dogecoin’s Rocky Journey Initially introduced as a lighthearted joke based on a popular internet meme, Dogecoin (DOGE) gained unexpected traction and developed a massive community following. However, as the cryptocurrency landscape evolved, Dogecoin’s shortcomings became increasingly apparent. Despite its enthusiastic community and sporadic price surges, Dogecoin’s lack of technological innovation and utility have raised doubts about its long-term viability. Critics argue that its reliance on meme culture and celebrity endorsements is not a sustainable basis for value. Top Analyst’s Verdict: DOGE to Zero In a no-holds-barred assessment, the top analyst condemns Dogecoin (DOGE) as a ‘hot mess’ and predicts its eventual decline to zero value. He points out that DOGE lacks the fundamental characteristics necessary for a successful cryptocurrency, such as a solid use case, innovative technology, and a reliable development team. While Dogecoin’s community-driven ethos has contributed to its popularity, the analyst argues that it ultimately lacks substance. Without meaningful utility or innovation, Dogecoin’s value proposition is hollow, leaving it vulnerable to market fluctuations and eventual obsolescence. Identifying Retik Finance (RETIK) as the Alternative Amidst Dogecoin’s struggles, the analyst identifies an alternative cryptocurrency poised to outshine DOGE by a significant margin. This alternative, although unnamed, is projected to experience a monumental surge of 20x its current value in 2024. In contrast to Dogecoin’s shaky foundation, Retik Finance (RETIK) emerges as a beacon of innovation and potential. The analyst predicts that RETIK will outperform DOGE by a significant margin, with its value surging by 20 times in 2024. Retik Finance (RETIK): Bridging the Gap Between Crypto and Fiat Retik Finance (RETIK) represents a significant leap forward in the integration of cryptocurrency with traditional financial systems. Unlike its contemporaries that focus primarily on either crypto or fiat, Retik Finance is designed to seamlessly bridge the gap between both worlds. With features like the Retik Wallet, DeFi Debit Cards, and Retik Pay, the platform offers a comprehensive financial ecosystem that allows users to transact, earn, and spend cryptocurrencies with the same ease as fiat currency. Here’s why Retik Finance (RETIK) stands out: Innovative Technology: Unlike Dogecoin (DOGE), which relies solely on its meme-inspired branding, the alternative cryptocurrency boasts innovative technology and real-world use cases. Retik Finance (RETIK) is built on cutting-edge blockchain technology, boasting features and use cases that address real-world financial challenges. Its advanced protocols offer solutions to issues such as impermanent loss and low capital efficiency, setting it apart from meme-based cryptocurrencies like DOGE. Strong Development Team: Backed by a dedicated team of developers and experts in the field of decentralized finance, Retik Finance (RETIK) is committed to continuous improvement and innovation. Their focus on research and development ensures that RETIK remains at the forefront of DeFi advancements. Growing Adoption: Retik Finance (RETIK) is rapidly gaining traction among users and investors, with its presale event generating substantial funding. Its unique features and vision for decentralized finance have captured the attention of the crypto community, laying the groundwork for widespread adoption. Community Support: With a vibrant and engaged community, Retik Finance (RETIK) benefits from active participation and contributions from its users. This community-driven approach fosters a sense of ownership and commitment among RETIK holders, further fueling its growth. The analyst’s bold prediction of a 20x surge in the value of this alternative cryptocurrency underscores his confidence in its potential to disrupt the market and emerge as a leading player in the crypto space. Conclusion: A Changing Landscape As Dogecoin (DOGE) faces criticism and skepticism, the cryptocurrency market continues to evolve, offering new opportunities and alternatives. While DOGE’s future remains uncertain, the emergence of promising cryptocurrencies like the one highlighted by the analyst presents investors with exciting possibilities for growth and value creation. In the ever-changing world of cryptocurrency, staying informed and open to new opportunities is essential for successfully navigating the market. As investors reassess their strategies, the insights provided by top analysts offer valuable guidance in identifying potential winners and avoiding pitfalls in the crypto space. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Elite analysts play a crucial role in guiding investors through the complexities of the market in the dynamic world of cryptocurrencies. These experts leverage their deep understanding of market dynamics and technical analysis to provide valuable insights and predictions. One such elite analyst in the crypto market is CryptoCred, known for his expertise in technical analysis and his ability to decipher market trends. Through his insightful content on platforms like Twitter and YouTube, CryptoCred empowers traders and investors to make informed decisions, navigate volatility, and capitalize on opportunities in the crypto space. This elite Analyst has forecasted a 10x surge for Retik Finance (RETIK) following listings on May 21. Retik Finance (RETIK): Revolutionizing Decentralized Finance (DeFi) Retik Finance (RETIK) has emerged as a pioneering force in the decentralized finance (DeFi) space, aiming to reshape the global financial landscape. With a vision to decentralize the banking sector, Retik Finance (RETIK) introduces a comprehensive ecosystem designed to empower individuals and businesses worldwide. The platform’s innovative solutions include the Retik Wallet, DeFi Debit Cards, and Retik Pay, which offer users a seamless fusion of digital and traditional finance. By providing access to a wide range of financial services, Retik Finance (RETIK) bridges the gap between cryptocurrencies and conventional banking, unlocking new possibilities for financial inclusion and accessibility. Predicted 10x Breakout Rally Predicted By Elite Analyst As Retik Finance (RETIK) prepares for its highly anticipated listing on May 21, 2024, CryptoCred has predicted a 10x breakout rally for the RETIK token. This bullish forecast reflects the growing excitement and anticipation surrounding Retik Finance’s entry into the market. With strong community support and a clear vision for the future, Retik Finance (RETIK) is poised to make a significant impact on the crypto landscape. The $RETIK token, serving as the backbone of the ecosystem, is expected to experience rapid growth as investors recognize its potential to revolutionize decentralized finance. Retik Finance (RETIK) Anticipated Listing on May 21 As the crypto community eagerly anticipates Retik Finance’s listing on May 21, 2024, excitement is reaching a fever pitch. This highly anticipated event marks a significant milestone for Retik Finance (RETIK), signalling its official entry into the broader cryptocurrency market. With its innovative approach to decentralized finance and a comprehensive ecosystem designed to empower users, Retik Finance (RETIK) is poised to make a splash upon its listing. The listing on May 21 on major CEXs, DEXs, and Uniswap represents an opportunity for investors to gain exposure to Retik Finance’s vision and potential, paving the way for broader adoption and recognition within the crypto community. Leading up to the listing, Retik Finance (RETIK) has been generating buzz and attracting attention from savvy investors seeking to capitalize on its disruptive potential. The platform’s successful presale event, which raised a total of $32,050,000, has set the stage for a strong debut on exchanges. As the countdown to May 21 begins, anticipation is mounting as investors eagerly await the opportunity to participate in Retik Finance’s journey. With its innovative solutions, strong fundamentals, and a clear vision for the future of decentralized finance, Retik Finance (RETIK) is poised to significantly impact the crypto market following its listing on May 21. The Role of RETIK Token At the heart of Retik Finance’s ecosystem lies the $RETIK token, which is pivotal in promoting financial autonomy, governance, and user engagement. As users leverage the Retik Wallet, DeFi Debit Cards, and other platform features, the demand for the RETIK token is expected to soar. This increased demand and limited token supply create a favourable environment for price appreciation. With its innovative approach to decentralized finance and strong fundamentals, the RETIK token is well-positioned to outperform in the crypto market. Conclusion As the crypto market continues to evolve, elite analysts like CryptoCred provide invaluable insights that shape investor decisions and market sentiment. With his prediction of a 10x breakout rally for Retik Finance (RETIK) after its May 21 listing, CryptoCred underscores the platform’s potential to disrupt the financial industry. As investors eagerly await Retik Finance’s debut on exchanges, the stage is set for a new chapter in decentralized finance driven by innovation, inclusivity, and opportunity. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Twitter: www.twitter.com/retikfinance Telegram: www.t.me/retikfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

LayerZero provided the opportunity to the sybil farmers to self-report their activities. 2M addresses were flagged, and over 800K addresses were identified as potential sybils LayerZero Sybil has concluded the phase of self-report, where users could report fake or duplicate sybil addresses created to baffle the system. Initially, over 2 million addresses were suspected to be sybils, and it has been narrowed down to 803,093 after the completion of the phase. The self-reported address will be allocated 15% of its intended tokens, and the qualified users will receive the remaining 85%. LayerZero is about to start a bounty hunt in the coming two weeks. This starts on May 18, 2024, and closes on May 31, 2024. During this hunt, the prime requirement is at least 20 sybil addresses with clear methodology. It can help to verify and report suspicious activities. As a reward, those who identify and report authentic sybil addresses will be eligible to receive 10% of the tokens allocated to the fraudulent addresses. It allows community members to earn a share of the tokens. The initial list will be kept on hold, and the final sybil list will be released after the closure of the bounty hunt on May 31. The sybil self-reporting phase came to an end with the bounty hunt, marking efforts to guard its network from fraudulent activities. By making the activities transparent and leveraging community engagement, LayerZero intends to make their ecosystem secure and fair. The Self-Reporting Initiative LayerZero unveiled a significant initiative two weeks ago that offers sybil farmers the opportunity to self-report their activities. They can report the activities through the channels provided by the protocol. Sybil farming is the practice of creating fake addresses within a decentralized network. This manipulates voting processes, token distributions, or governance mechanisms. Sybil attacks are a great threat to the reliability of decentralized networks. LayerZero’s decision to offer Sybil farmers the chance to self-report marks the integrity of the network. Moreover, after the self-reporting phase, the potential sybil addresses were found. Further measures will be taken to detect and mitigate the Sybil attacks. Highlighted news of the day: DWF Labs Deposits 3M TOKEN to Gate.io, What’s Their Strategy?

Ethereum price witnessed an upsurge hitting $3K on May 17. ETH has shown adequate price recovery this week. Ethereum Whales are trying to make a comeback with increased movements this week. Ethereum price surpassed the $3K mark showing signs of recovery in the early hours of May 17. The leading altcoin is exhibiting a consistent upward trend in the past 24 hours increasing in market price by 5.19% on May 18. At the time of writing it was trading at $3,099 after momentary hikes to $3,125 during the day. Notably, the volatility index has depreciated to 63.62 post hitting the 70 range in early May. The 24-hour price recovery exhibited by the second-largest cryptocurrency has lifted investors’ spirits in the market. Furthermore, it is in line with Bitcoin’s bullish run which hit the $66K mark recently, suggesting an optimistic outlook toward cryptocurrency after recent price dips. Ethereum Price Analysis For This Week Ethereum began this week with a price dip to the $2,800 level after a brief upsurge to the $2,900 mark last weekend. The first few days of the week exhibited increased volatility accompanied by downtrends pulling the price down to weekly lows of up to $2,865. Amidst ETH whale movements speculations about ETH bulls making a comeback were also on the rise. Moreover, the crypto asset showed signs of hitting $3K on May 14 by trading at prices as high as $2,994. However, the ETH price was followed by a bearish run on May 15 and found support at $2,867. The following day witnessed the price recovery with a steady upsurge breaking the $3K resistance and hitting one-day highs of $3,041. Ethereum (ETH) Daily Price Chart (Source: TradingView) According to Trading view data Ethereum’s SMA stands at 3,174 USD. This underscores the Altcoin’s struggles to establish a bullish rally with current trading prices having its foot set at the $3,100 margin. Moreover, Ethereum trading volume has soared tremendously, increasing by 21.93% in the past 24 hours according to CMC data. With an RSI index of 51.97, the cryptocurrency has remained neutral in the market for the past month. Additionally, this week also witnessed increased ETH whale movements in leading exchanges such as CoinBase. Furthermore on May 17, Whale Alert reported that 53063 ETH was transferred from one unknown wallet to another. Ethereum market price is expected to hit $5K by the end of 2024. The recent price recovery suggests a preliminary initiation of the required bullish trend. However, continued similar price performances will elucidate the possibility of a bullish rally. Highlighted Crypto News Today: zkSync Announces v24 Protocol Upgrade Eyeing Complete Decentralization

Cardano (ADA), the proof-of-stake blockchain network known for its smart contracts, has defied recent predictions of a fall from the top 10 cryptocurrency rankings by market cap. In a surprising move, ADA has instead become the top performer among major coins, experiencing a 7% surge in the last 24 hours. This price action has ignited discussions about ADA’s potential to revisit its 2021 glory days, when it reached a peak of $3.10. A Tale Of Two Whales: Retail Accumulation Vs. Profit Taking The recent price increase can be attributed to two key factors: a surge in buying pressure and a potential upcoming “battle of the whales.” On-chain data reveals that retail investors, the so-called “whaley” masses, have been accumulating ADA aggressively, particularly between $0.48 and $0.50. This large cluster of buyers could act as a support system if the price reaches that level. However, lurking beneath the bullish sentiment is a potential obstacle. Data shows that only 40% of current ADA holders are in profit. A price increase to $0.49 could be particularly significant, as it could push the ratio of holders in loss below 55%. This milestone could trigger further buying pressure as more investors see an opportunity to move into profit territory. Whales Return? On Volume And Market Cycle Cardano’s price rally is also being fueled by a significant rise in trading volume, reaching a weekly high of $461 million according to Santiment. This surge in activity indicates growing interest in ADA, which could propel the price further upwards. But can this momentum be sustained? The answer might lie with the “original whales,” the large investors who hold a significant portion of the cryptocurrency. Interestingly, the current distribution of ADA shares some similarities with the market conditions in 2021, when the price hit $3. Back then, whales held roughly 6% of the total supply. Today, that number sits at nearly 7%, suggesting a potential return of these big players. However, analysts caution that the success of this “whale comeback” narrative depends heavily on the broader market cycle. If the current bull market reaches its peak, ADA’s price growth could be restricted, hindering its ability to revisit its all-time high. Can ADA Defy The Odds? Cardano’s recent price surge has instilled a sense of cautious optimism in the cryptocurrency community. While the strong buying pressure from retail investors and the potential return of whales are positive signs, the profitability of current holders and the unpredictable nature of the market cycle pose challenges. In the coming weeks, it will be crucial to observe whether ADA can overcome the selling pressure at $0.49 and sustain its upward trajectory. If trading volume continues to rise alongside the price, and if the current bull market holds, ADA might just surprise everyone and revisit its much-anticipated $3 mark. Featured image from Pexels, chart from TradingView

Crypto expert Willy Woo has predicted that Bitcoin will still make significant moves to the upside. He made this claim based on an indicator that suggests crypto investors are still willing to buy the flagship crypto at higher prices. Bitcoin Still Has “A Lot Of Room To Run” Woo mentioned in an X (formerly Twitter) post that Bitcoin still has a lot of room to run before the flagship crypto experiences a reversal or consolidation. To support his bullish sentiment, he shared a chart highlighting Bitcoin VWAP (Volume-Weighted Average Price). The crypto analyst further suggested that bulls were firmly in control, stating that he would hate to be a “trapped Bitcoin bear right now.” The VWAP measures the average price of Bitcoin over a specific period and factors in the volume at each price level to determine the current sentiment in the market. The chart Woo shared showed that Bitcoin’s VWAP was currently on an upward trajectory. In a subsequent X post, Woo highlighted Bitcoin’s risk signal to further reinforce his bullish sentiment. He noted that Bitcoin is still in the early stages in its liquidity cycle and is still doing “warm-up exercises.” He added that Bitcoin’s long-term frame risk signal is relatively low as it is still consolidating under all-time highs. He claimed that this risk “only starts climbing after the floodgates open,” meaning that the best is yet to come for Bitcoin. Meanwhile, the wave of profit-taking by Bitcoin investors (since the crypto hit a new all-time high in March) looks to be done, which indicates that Bitcoin may be ready for its next leg up. Woo confirmed that profit-taking has been completed as he provided an update on Bitcoin’s Spent Output Profit Ratio (SOPR). He noted that Bitcoin is undergoing a “very healthy reset, against a backdrop of capital flows into the network climbing again.” Other Bullish Indicators For Bitcoin Crypto analyst Crypto Jebb recently highlighted an inverse heads and shoulders pattern that had formed on Bitcoin’s chart. The analyst claimed this bullish pattern could send Bitcoin’s price to $100,000. The analyst also noted several other indicators currently signaling a bullish outlook for Bitcoin. One is the Moving Average Convergence/Divergence (MACD), which he claimed had turned very bullish on the daily chart and indicated that the bulls were regaining control. He also highlighted a ‘green red green’ formation on the daily chart, which, according to Crypto Jebb, shows that Bitcoin is “doing very well.” Meanwhile, crypto analyst Mikybull Crypto highlighted a striking similarity between Bitcoin’s 2020 post-halving price action and its price action after this halving. From the chart he shared, Bitcoin looks to be at the point of takeoff if it continues to mirror the price action from 2020. Featured image from Pexels, chart from TradingView

DWF Labs deposits 3M TOKEN to Gate.io amid RWA, Tokenfi trends. Received 120M TOKEN at $0.031, now deposited 90.94M at $0.07. DWF Labs finds itself under the spotlight once again. Recently, the firm made headlines after depositing a substantial 3 million TOKEN ($322,000) onto the Gate.io platform just 15 hours ago. This move comes after DWF Labs received 120 million TOKEN from the Floki team back on November 1, 2023, when the price stood at $0.031 per TOKEN. Notably, the firm has since deposited approximately 90.94 million TOKEN to various centralized exchanges (CEXs) at an approximate value of $0.07 per TOKEN, marking a staggering 228% increase in value. Despite these maneuvers, DWF Labs still retains ownership of 29.67 million TOKEN, equivalent to $3.18 million, solidifying its position as the fifth-largest asset in their portfolio. However, these financial dealings occur against a backdrop of controversy. In the early days of the month, DWF Labs vehemently denied allegations of engaging in $300 million worth of wash trading on Binance throughout 2023. Responding to reports, the firm stated via its Telegram channel, “It has come to our attention that a recent article contains many allegations that we believe to be unfounded and that do not accurately represent our ethical business practices.” Looking Back The allegations stem from a report by The Wall Street Journal, which claimed that Binance’s internal investigators, hired in 2022, had discovered evidence of rampant market manipulation on the exchange. These investigators purportedly recommended the removal of several hundred users for violating terms of use. Of particular note, the report accused DWF Labs of manipulating the price of the YGG token and at least six other tokens, facilitating over $300 million worth of wash trades in the process. However, Binance’s subsequent investigation into these claims yielded insufficient evidence, leading to the dismissal of the head of the surveillance team and the rejection of the request to remove DWF Labs from the platform. Highlighted Crypto News Today Kraken Reviews Dropping USDT in Europe as MiCA Regulations Loom

Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) 2024, with its native OP token surging 9% on the back of this bullish momentum. Optimism Sees Higher Activity And Rising Transaction Fees According to a recent Messari report, Optimism’s circulating market cap increased 11% quarter-over-quarter (QoQ) to $3.7 billion, while its fully diluted market cap rose 1% to $15.7 billion. Despite the broader crypto market rally, with Bitcoin (BTC) and Ethereum (ETH) gaining 69% and 53% QoQ, respectively, OP’s market cap ranking slipped from 26th to 39th among all blockchain networks. However, within the Ethereum ecosystem, OP remains one of the top four rollups by market capitalization. Driving this growth was a significant uptick in Optimism network activity. Daily active addresses reached 89,000 in Q1 2024, a 23% QoQ increase, while daily transactions surged 39% to 470,000 over the same period. These metrics approached, but did not quite reach, their all-time highs in Q3 2023. The network’s revenue also saw a substantial 78% QoQ increase to $16 million, driven by higher activity and a 48% rise in the average transaction fee to $0.42. However, this average fee dropped significantly in the latter half of March due to the implementation of Ethereum Improvement Proposal (EIP) 4844, which reduced L1 submission costs by 99%. Total Value Locked Jumps 18% In Q1 Despite the fee reduction, Optimism’s on-chain profit for Q1 2024 increased 14% QoQ to $2 million. The network’s Total Value Locked (TVL) also grew by 18% to $1.2 billion, though its TVL ranking among all networks fell to 11th place. Within Optimism’s TVL, the DeFi sector dominated, accounting for 86% of active addresses. According to Messari, non-fungible token (NFT) applications and gaming followed with 6.9% and 6.7%, respectively. TVL’s leading protocols included Synthetix ($307 million, +4% QoQ), Aave ($270 million, +52% QoQ), and Velodrome ($171 million, +10% QoQ). Optimism’s stablecoin market capitalization also grew significantly, reaching $809 million (+32% QoQ) by the end of Q1 2024. Circle’s USDC stablecoin and Tether’s USDT made up most of this, with USDT seeing a 64% QoQ surge to $512 million, or 63% of the total stablecoin market cap on Optimism. OP Rebounds Alongside Crypto Market Resurgence Despite Optimism’s strong performance across key metrics in Q1 2024, the network’s native token, OP, did not see a corresponding price increase at the end of Q1. Instead, OP followed the broader market downtrend, hitting an annual low of $1.80 just one month after hitting an all-time high of $4.84 in March. However, OP has followed suit as the overall cryptocurrency market has seen a resurgence of bullish momentum in the past few days. In the past 24 hours, the token has recorded a 9% price increase and a 3% uptick in the past week, currently trading at $2.56. Furthermore, CoinGecko data shows a 19% increase in OP’s trading volume over the past 48 hours, reaching $290 million. While this renewed bullish sentiment is encouraging, OP still trades 46% below its all-time high and faces significant resistance levels soon before a potential retest of this milestone. The first key resistance is at $2.65, followed by $2.90, which must be overcome before the token can push towards the $3.00 level. Conversely, the $2.34 support level has proven crucial and must be monitored closely in case of any bearish resurgence. Featured image from Shutterstock, chart from TradingView.com

Solana-based platform Pump.fun suffered an exploit that left the crypto community with many questions. The attack stole millions of dollars in users’ funds, but the reasons behind it and the exact amount of the loot were unclear. Amid the uncertainty, some claimed that a crypto Robinhood had emerged. $80 Million Taken In Crypto Heist? On Thursday, the platform Pump.fun announced its bounding curve contracts had been compromised. In the post, the team alerted users that all trading was temporarily halted while they investigated the incident. Pump.fun is a trading platform created to “prevent rugs” by ensuring that all created crypto tokens are safe. The platform allows users to easily launch instantly tradeable tokens with no presale and no team allocation. This solution became an extremely popular alternative among influencers and users who wanted to create tokens without the complexity or high costs of launching a project. It uses bonding curve contracts for the tokens, a mathematical model that determines a token’s price based on supply, increasing with the number of tokens bought. After the token’s market capitalization reaches $69,000, part of the liquidity is deposited on Raydium to be burned. Since the attack, the team has assured users that the contracts have been upgraded to prevent further fund loss, adding that the protocol’s total value locked (TVL) is safe. However, the community’s reports were contradictory and alarming. Some users claimed the attacker had taken $80 million in crypto from the platform’s bonding curve contracts, which worried the affected users. According to Lookonchain’s report, the hacker was quickly identified. At first, he pretended to be an unaware user, asking what the damages were. However, he later accused the platform’s founders of withdrawing the exact amount stolen a day prior. An X user claimed the individual chose to “be a Robin Hood, dropping hacked cash to $SOL communities.” The attacker also stated in a post his desire to “change the course of history.” However, his “heroic outlaw” endeavors affected 1,882 addresses. What Happened? Despite the speculation and the attacker’s posts, it was later revealed that he was a Pump.fun ex-employee. In its post-mortem post, the platform’s team revealed that the individual had used their position to misappropriate funds from the bonding curve contracts. The attacker illegitimately accessed the accounts after obtaining the private keys, “using their privileged position at the company.” The former employee used flash loans from Solana lending protocol to steal 12,300 SOL, worth around $1.9 million. Per the post, he borrowed SOL to buy as many tokens as possible in Pump.fun. When the tokens hit 100% on their respective bonding curves, the attacker used the keys to access the bonding curve liquidity and repay the flash loans. Fortunately, the attacker could only access $1.9 million out of the $45 million liquidity in contracts. Since then, the team has redeployed the bonding curve contracts and offered a plan to help affected crypto investors. To make users whole, the team will “seed the LPs for each affected coin with an equal or greater amount of SOL liquidity that the coin had at 15:21 UTC within the next 24 hours.” Moreover, they are offering 0% trading fees for the next 7 days. As a user pointed out, this action is “non-trivial” since Pump.fun makes $1 million daily from fees.

With the Bitcoin price having already seen a massive rally over the past year, crypto investors have turned their attention to altcoins. This is because altcoin season usually comes after Bitcoin finishes rallying and they present more potential for upside. Ahead of the second leg of the crypto bull market that is suppose to happen sometime this year, the crypto analysts at Analyst Buzz have revealed the top altcoins that are trading under $1 right now that could be a good buy. Still Bullish On Polygon’s MATIC The first of the altcoins featured on the list is Polygon’s MATIC. This comes as a surprise, as MATIC has been one of the only top altcoins that has failed to see any kind of outperformance in the last year. However, this could be part of the reason why the analyst feels the altcoin is set to outperform. Despite rallying in the last day, the MATIC price is still down more than 75% from its all-time high price of $2.92. This is in start contrast to larger cryptocurrencies such as Bitcoin and Ethereum, which have either broken a new all-time high or come close to it this year. Ondo Finance Still A Top Contender Among Altcoins Ondo Finance has been making waves this year, and despite being relatively new compared to the other altcoins on this list, its performance has been among the top movers. The cryptocurrency was pushed into the limelight following its partnership with trillion-dollar asset manager BlackRock. In 2024 alone, the coin has seen an over 1,000% gain, going from $0.08355 to over $1 before correcting back downward. But despite this, the crypto analysts expect the altcoin to continue to perform well going into the bull run. Oasis Network (ROSE) Makes List Of Altcoins With Potential Oasis Network’s ROSE also makes it into Altcoin Buzz’s list of altcoins set to outperform in the bull market. This Layer 1 blockchain project had flown under the radar during the bear market, which eventually saw its price fall around 90% from its all-time high of $0.59. However, the price of ROSE is beginning to pick up now and is currently trading at what many call a steal at $0.091. Unlike the altcoins already mentioned, the ROSE market cap is still under $1 billion, which gives it a lot of room to run during the crypto bull market. Golem (GLM) Is Still In The Game? Featuring among the list of altcoins with the potential to outperform in the crypto bull market is GLM, the native token of the Golem platform. Golem has been in the crypto market for a while but it is only now that it is making its play as AI and computing become a leading narrative in the market. The project features a peer-to-peer distributed computing resource which allows users to interact directly with each other. As computing becomes an even hotter narrative, Golem could very well be a great investment. GLM is currently down around 57% from its $1.25 all-time high after a rather eventual start to 2024. Just like Oasis Network (ROSE), its market cap is still under $1 billion, making it one of the altcoins with the potential to run hard.

Kraken is reportedly “actively reviewing” strategies to meet the requirements of MiCA law. Tether’s chief executive officer Paolo Ardoino has spoken out against European rule. In light of the impending implementation of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, cryptocurrency exchange Kraken is contemplating the removal of support for the stablecoin Tether (USDT). Kraken is reportedly “actively reviewing” strategies to meet the requirements of the forthcoming MiCA framework, as reported by Bloomberg on May 17. Stablecoins (asset-referenced, or ARTs) and e-money tokens (EMTs) will be subject to the regulations on June 30, 2024, while crypto service providers will be subject to the regulations on December 30, 2024. The regulation will be implemented in two parts. Marcus Hughes, Kraken’s global head of regulatory strategy stated: Stringent Compliance Norms Moreover, purportedly retaliating against Kraken, Tether said that exchanges should prioritize EUR liquidity for European consumers and keep USDT as an on-ramp off-ramp solution. Although the term “stablecoin” is not used in the MiCA law, the European Banking Authority (EBA) has criteria to determine if ARTs or EMTs are important stablecoins. There is a daily cap of 200 million euros on bigger stablecoin transactions, such as USDT. Tether’s chief executive officer Paolo Ardoino has spoken out against the European rule, stating that his business has no plans to comply with MiCA. Ardonio specifically brought up the need for several institutions to hold 60% of stablecoin reserves in cash. Highlighted Crypto News Today: Tether Mints $1 Billion in USDT, Pushing Market Cap Above $110B

The race to achieve the fastest blockchain transaction processing speeds is heating up, Solana (SOL) is in the spotlight as a new report from crypto data aggregator CoinGecko reveals some surprising findings. The study analyzes the real-world transaction per second (TPS) performance of a range of large blockchain networks, both Ethereum-based and non-Ethereum (ETH) Virtual Machine (EVM) protocols. Solana Emerges As The Undisputed Speed Champion According to the findings, Solana has proven to be the fastest among large blockchains, with its actual daily average transactions per second (TPS) reaching a record high of 1,504 on April 6th, 202. Notably, this figure makes Solana 46 times faster than Ethereum, the second-largest cryptocurrency by market capitalization. Furthermore, Solana’s TPS is more than 5 times faster than Polygonm (MATIC), which currently holds the highest TPS among Ethereum scaling solutions. According to CoinGecko, this demonstrates the superior processing power of the non-EVM blockchain and its ability to handle a large influx of transactions, especially during periods of heightened market activity, such as the recent Memecoin mania, specifically within the Solana network. However, it’s important to note that despite Solana’s performance, the blockchain has only achieved 1.6% of its “theoretical maximum speed” of 65,000 TPS. This suggests that there is still significant room for improvement, and the network’s upcoming upgrades will be closely watched to see how quickly it can record even higher real TPS. Ethereum Scaling Solutions Lag Behind Non-EVM Blockchains The second-fastest blockchain in the study is another non-EVM protocol, Sui (SUI), which recorded its highest real TPS of 854 in July 2023 as the on-chain game Sui 8192 gained popularity. Other fast blockchains among the non-EVMs include The Open Network (TON) at 175 TPS and Near Protocol (NEAR) at 118 TPS. In contrast, the non-EVM blockchains that have recorded relatively lower real processing speeds are Aptos (49 TPS), Starknet (12 TPS), Bitcoin (11 TPS), and Thorchain (2 TPS). Collectively, the 8 non-EVM large blockchains have an average peak TPS of 284, which is 3.9 times faster than the 17 largest EVM and EVM-compatible blockchains, which have an average of just 74 TPS. The EVM-compatible blockchain that has achieved the fastest real TPS is BNB Smart Chain (BSC), which recorded 378 TPS on December 7th, 2023, amid the surge in on-chain activity driven by the inscriptions craze. This performance places BSC as the fastest Ethereum-based blockchain, though it still lags behind the top non-EVM protocols. Similarly, the surge driven by inscriptions allowed Polygon to record 190 TPS on November 16th, 2023, making it the fastest among the largest Ethereum scaling solutions and 8.4 times faster than Ethereum itself. However, the leading non-EVM blockchains still outpacing even Polygon’s impressive speed. At press time, SOL was trading at $168, up nearly 7% in the last 24 hours and registering an impressive 720% gain year-to-date. Featured image from DALL-E, chart from TradingView.com

According to Ki Young Ju, CEO of CryptoQuant, the Bitcoin current market dynamics suggest a bullish phase that could extend well into April 2025. Ju’s analysis comes amid BTC’s current uptrend, which appears to be a continuation of that seen in March, when BTC achieved a new all-time high, surging above $73,000 for the first time. Bitcoin Market Cap Growth Indicates Prolonged Uptrend, Says CryptoQuant CEO Notably, Ki Young Ju’s prediction stems from an analysis of Bitcoin’s market capitalization growth, which has been outpacing its realized capitalization — a measure of the market’s aggregate cost basis. This trend is a classic indicator of a strong bullish cycle and has been a reliable harbinger of sustained upward momentum in past market cycles. Ju’s analysis highlights that the market cap’s rapid growth compared to the realized cap suggests increased investor confidence and market momentum. This pattern has historically signaled prolonged bullish phases. If the current trends persist, this cycle is expected to continue, leading to significant gains in Bitcoin’s value over the next year and a half. Bitcoin has shown a positive trend, with a 1.9% increase in the past 24 hours and an over 12% rise in the past two weeks. At the time of writing, it is trading around $67,201. Institutional Adoption And Market Sentiments Underpin Bullish Outlook The optimistic outlook for BTC is not just based on historical trends and market cap analysis. Recent developments in institutional adoption provide further support for this positive trajectory. Anthony Scaramucci, the founder and managing partner of SkyBridge Capital and a notable Bitcoin advocate, recently discussed on CNBC’s Squawk Box how US pension funds are beginning to invest in BTC. This move by institutional investors, such as the State of Wisconsin Investment Board’s approximately $100 million investment in BTC, signals a broader acceptance and integration of BTC into traditional financial portfolios. Scaramucci emphasized that institutional BTC adoption is unfolding rapidly, and he anticipates more pension funds will pursue Bitcoin investments. He pointed out that regulatory approvals have opened the doors for large-scale institutional participation in BTC. This endorsement will make Bitcoin a staple in these institutions’ long-term asset allocation strategies. According to Scaramucci, understanding Bitcoin and the history of money is key to recognizing its potential. He remarked, Being early in Bitcoin is profitable, and “we are still early… sometimes when you’re early you get some bumps and scrapes.” Featured image created with DALL·E, Chart from TradingView