Overall, Goldman expects the Treasury will supply the market with more than $1 trillion of T-bills on a net basis this year. That will pull liquidity out of financial markets. In a separate note, analysts at Bank of America recently said that would have an equivalent impact on the economy as a Federal Reserve rate…
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Europe is requiring crypto wallet providers to track every move you make, but companies should still consider the region for its regulatory clarity.
Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said.
A new token has emerged in the cryptocurrency world, causing a stir among investors. Rug Me (RUGME) has a unique liquidity mechanism that is daring investors to try to “rug” the contract. According to the DeFi researcher Tsubasa, this high-stakes competition has a big brain game that challenges the most intelligent investors to solve a complex puzzle, promising high rewards. However, there is a catch. If someone is smart enough to solve the puzzle, they can rug the liquidity and take 20% of the pool. “Rugging” the liquidity means that someone can pull out a significant amount of funds from the pool and cause the token’s value to drop rapidly. This can result in significant losses for investors who hold the token. Related Reading: Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store? RUGME, Big Brain Game, Or Big Risk? RUGME has a 1 trillion supply, with 100% used as liquidity. The token has a 10% transfer and buy fee, with no selling fee. All fees are disbursed to holders, who can claim them from the contract. When the liquidity is rug-pulled, 20% goes to the rugger, and 80% is refunded to the holders. Furthermore, Tsubasa believes investing in Rug Me is not for the faint. The token is high-risk and high-reward, with the potential for significant loss. But Rug Me (RUGME) offers a unique and exciting investment opportunity for investors willing to take risks. Investors are flocking to RUGME, with 15 ETH already in the liquidity pool. The token has a 100e curve, meaning that any buy below 100e will get the same price, with no first-comer advantage. The token has a 10% transfer and buy fee, with all fees disbursed to holders who can claim from the contract. This mechanism incentivizes holding the token, as holders can earn fees every time the token is transferred or bought. Investors can enter the market at the same price point as others below 100e, eliminating the issue of joining later to this market. The earlier investors are, the more fees they earn from buys. However, after 100e, the price will start moving, and if people keep buying, the price could skyrocket. But the risk of rug-pulling is ever-present, and investors need to know the potential for loss. Is The Memecoin Craze Losing Steam? Signs Point To A Slowdown Despite the launch of this new project, the meme coin sector is declining. he Pepe (PEPE) token, a meme-inspired cryptocurrency, recently experienced a surge in popularity that saw its price skyrocket from $0.00000002764 on April 17 to a high of $0.000004354 on May 5. However, the frenzy has cooled considerably, leaving many investors wondering if the Pepe (PEPE) craze is over. Currently, the token is trading at $0.0000014390, Down by 1% in the last 24 hours and more than 7% in the seven-day time frame. According to data from CoinGecko, the price of Pepe (PEPE) has fallen by more than 63% from its all-time high on May 5. Additionally, the daily transaction volume, which peaked at over $1 billion, has dropped to $270 million over the last 24 hours. Onchain data reveals a significant decline in interest in PEPE as the frenzy appears to end. Related Reading: No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts While the recent surge in popularity of meme-inspired cryptocurrencies like Pepe has captured the attention of investors, there are concerns about the sustainability of these coins. Many of them are highly speculative investments, and the recent drop-off in interest in Pepe (PEPE) seems to indicate that the hype may have been short-lived. Featured image from Unsplash, chart from TradingView.com
With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback.
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The Injective (INJ) price has experienced an uptrend, resulting in price increases since yesterday, May 28. This trend indicates a positive sentiment among investors, with more buyers entering the market and increasing prices. Meanwhile, the uncertainty around the price of the general crypto market has caused speculations about whether this momentum will continue. Assessing The Potential For Sustained Momentum The bullish sentiment in the INJ market has affected its price positively, resulting in an increase of 8.78% in the last 24 hours. Also, the buyers have maintained this momentum, resulting in a surge of 8.56% in the 7-day trading period. Related Reading: Bitcoin Exchange Inflows Mostly Coming From Loss Holders, Weak Hands Exiting? The asset’s current price sits at $7.41 as of the time of writing based on CoinMarketCap data. The assets’ 24-hour trading volume and total market cap show positive market participation with an increase of 200.36% and 9%, respectively. INJ has maintained the uptrend movement by forming higher highs and lows. This formation indicates that INJ’s price is under bullish control, and the demand is growing rapidly. Also, the asset trades above the trendline, which may be considered a trendline support for investors and traders. This positive sentiment may attract more investors and increase prices. Recent Bullish Fundamentals Recently, there have been many partnerships and initiatives around the Injective ecosystem. This has resulted in bullish sentiment and price gains for INJ. On May 24, Injective announced the launch of the first IBN-enabled SVM Rollup with their partnership, Eclipse, on their page. This initiative will enable Solana developers seamlessly interact and build with Injective and the broader Cosmos universe. The INJ team made this announcement on May 13, 2023, stating that anyone interacting with dApps built on INJ or L1 Chain may receive an NFT. The surprise NFT announcement boosted the bullish momentum in the market. Bollinger Bands & MACD Signals Bullish Momentum The asset is currently trading above the upper band of the Bollinger Bands Indicator. This suggests a bullish movement and a potential buy signal for investors and traders. It is important to note that an asset above the upper band implies that the price has moved to an extreme or overbought level. In addition, the Moving Average Convergence/Divergence (MACD) is currently above the signal line suggesting a bullish sentiment. This indicates that the buying pressure outweighs the selling pressure. The INJ price trades above the 50-day and 200-day Simple Moving Averages (SMA), indicating bullish sentiment. The price above both SMAs implies that the asset is under bullish pressure and a potential long-term bullish trend. Related Reading: Bitcoin Bulls Push BTC Back Up To $28K Amid Surging Address Activity Also, a Demand Index reading of 0.170 suggests positive buying pressure in the market. This indicates that the buying pressure is relatively stronger than the selling pressure. Featured image from Pixabay and chart from Tradingview
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We all use market cap from time to time as a tool to figure out which project might or might now make it to our expectations. Now there are 20,000 of crypto and it's hard to keep up with each coin market cap if you are investing a lot / watching a lot of crypto…
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For those who don't know, Starbucks Odyssey is a blockchain based rewards program on the Polygon Network. Since I love crypto and my wife loves Starbucks, I figured I'd sign up for it and see what it had to offer. Basically, you earn NFTs by completing challenges. By doing this, you earn points. Every few…
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