Hyper (EON) news

Top 10 Dog-Themed Meme Coins of 2024: A Guide to the Best Picks

The cryptocurrency world is no stranger to trends, but 2024 has brought us something truly unique: a full-blown canine craze. Dog-themed meme coins have taken center stage, capturing the attention of both seasoned investors and curious newcomers alike. From the legendary Dogecoin that started it all to a host of fresh contenders, including the eagerly awaited DOGS token, these playful and community-driven coins have become a significant force in the market. There are over hundreds active dog-themed meme coins listed across various platforms, each vying for a spot in your crypto portfolio. But with so many options available, how do you know which ones are worth your time and investment? Whether you're in it for the potential returns or simply drawn to the fun and lighthearted spirit of these coins, we've got you covered. In this guide, we'll walk you through the top 10 dog-themed meme coins of 2024, highlighting the best picks that are leading the pack. These coins aren't just about cute mascots and catchy names—they represent innovative projects, strong communities, and, in some cases, impressive financial potential. So, let's dive into the world of dog-themed meme coins and discover which ones are barking up the right tree this year! What Are Dog-Themed Meme Coins? Dog-themed meme coins are a unique and playful segment of the cryptocurrency market, combining the fun of internet culture with the potential for financial gains. These coins typically feature popular dog breeds, with many inspired by viral memes. Initially created as jokes, these coins have captured the imagination of the crypto community and have grown into significant players in the market. As of mid-2024, there are over 360 dog-themed meme coins in the crypto market, with a market capitalization of approximately $28 billion. The secret to their success? Fiercely loyal and passionate communities that not only drive these coins' popularity but also their market value. With millions of holders and a strong presence on social media, these coins have proven that they’re more than just a passing trend—they’re a force to be reckoned with. An overview of the dog-themed meme coin market Source: CoinGecko These coins have seen impressive gains this year, with some experiencing rapid price surges. For example, one of the top dog-themed coins, Floki (FLOKI), increased in value by over 500% within the first half of the year, reflecting the speculative nature and volatility of these assets. Despite their lighthearted origins, dog-themed meme coins have evolved into a significant segment of the market, attracting serious attention from investors looking for high-risk, high-reward opportunities. 10 Best Dog-Themed Meme Coins to Invest for 2024 Dogecoin (DOGE) Dogecoin (DOGE) is the original dog-themed meme coin, and it holds a special place in the world of cryptocurrency. Launched in December 2013, Dogecoin was initially created as a joke—a fun and friendly parody of the rapidly growing digital currency market. Inspired by the viral "Doge" meme featuring a Shiba Inu dog with captions in Comic Sans font, the coin quickly gained popularity for its lighthearted and inclusive community. Dogecoin’s rise to fame is nothing short of incredible. It achieved significant milestones in 2021 when it surged by more than 12,000% during the first half of the year, reaching an all-time high of approximately $0.74 in May 2021. This surge was fueled by social media buzz and high-profile endorsements, especially from Tesla CEO Elon Musk, who repeatedly tweeted about Dogecoin and even called it "the people's crypto." These endorsements helped push Dogecoin into the spotlight and solidify its place in the crypto space. Fast forward to 2024, and Dogecoin is still a major player. While it’s no longer riding the same explosive highs as in 2021, it remains one of the top cryptocurrencies by market capitalization. Its price has seen significant fluctuations, driven by market trends and continued interest from the crypto community. Dogecoin continues to prove that even a meme can make a lasting impact, holding its ground as a beloved and influential force in the crypto market, driven by a community that never underestimates the power of a good joke. Buy Dogecoin (DOGE) on Bitget Shiba Inu (SHIB) Shiba Inu (SHIB) is one of the most popular dog-themed meme coins, following closely in the footsteps of Dogecoin. The project was created by an anonymous individual or group under the pseudonym "Ryoshi.” Launched in August 2020, Shiba Inu quickly gained attention to its catchy nickname, "the Dogecoin killer," highlighting its ambition to become even more popular than Dogecoin. Despite starting as a meme, SHIB has developed into a serious contender in the crypto world with its own unique ecosystem. Within its first year, SHIB saw a huge increase in value, largely driven by its active and passionate community, known as the "Shib Army." This group helped to spread the word about SHIB on social media, drawing in more investors and enthusiasts. In October 2021, SHIB reached an all-time high, making early investors significant profits. This growth was largely fueled by social media hype and the endorsement of various influencers. One of the things that set Shiba Inu apart from other meme coins is its ecosystem. The Shiba Inu project includes ShibaSwap, a decentralized exchange (DEX) where users can trade, stake, and earn rewards with their SHIB tokens. Additionally, the team behind Shiba Inu developed Shibarium, a layer-2 blockchain that aims to make transactions faster and cheaper. These developments add real utility to SHIB, beyond just being a meme coin. As of 2024, Shiba Inu remains a significant player in the cryptocurrency market, with a market cap of billions. Its strong community support, ongoing development, and plans for the future make it an attractive option for those looking to invest in dog-themed meme coins. Buy Shiba Inu (SHIB) on Bitget Floki (FLOKI) Floki (FLOKI) is another rising star in the world of dog-themed meme coins, inspired by the Shiba Inu breed and closely tied to the popular culture surrounding meme coins. Launched in June 2021, FLOKI was inspired by a tweet from Elon Musk announcing that he would name his pet Shiba Inu "Floki." This sparked immediate interest, and Floki quickly gained traction in the crypto community, particularly among its dedicated followers known as the "Floki Vikings." What distinguishes Floki from other meme coins is its comprehensive ecosystem, designed to provide tangible utility beyond its initial meme-based appeal. FLOKI operates on both the Ethereum (ERC-20) and BNB Smart Chain (BEP-20) networks, allowing users to seamlessly interact across platforms. The Floki ecosystem includes key projects such as Valhalla, an NFT-based gaming metaverse where users can earn rewards, and FlokiFi, a decentralized finance suite offering services like staking, lending, and borrowing. Additionally, FlokiPlaces, a marketplace for NFTs and merchandise, and the University of Floki, an educational platform aimed at increasing crypto literacy, add further value to the FLOKI token. As of 2024, Floki remains a popular choice among investors who are looking for dog-themed meme coins with real-world applications and strong community backing. With its growing ecosystem and strategic partnerships, FLOKI has the potential to evolve from a meme coin into a long-term player in the cryptocurrency market. Buy Floki (FLOKI) on Bitget DOGS (DOGS) DOGS (DOGS) is one of the newest and most exciting entries in the dog-themed meme coin space, closely tied to the Telegram ecosystem. Introduced in July 2024, DOGS has quickly captured the attention of the crypto community, especially among Telegram users. The coin was inspired by Spotty, the mascot created by Telegram founder Pavel Durov, and is designed to be deeply integrated into the Telegram platform, making it the most Telegram-native meme coin to date. The DOGS project is unique in its approach to token distribution, rewarding Telegram users based on their activity and long-term engagement with the platform. Tokens are allocated to users who have maintained active Telegram accounts for several years, with the amount of DOGS received influenced by the age of their account, their subscription to Telegram Premium, and their OG (Original Gangster) status, which recognizes long-standing, active users. DOGS tokens can be earned through daily check-ins, referring friends, and participating in community events within the DOGS mini-app on Telegram. The project places a strong emphasis on community building, encouraging users to bring more people into the ecosystem to increase their token earnings. DOGS is set to be officially listed on Bitget's Innovation and MEME Zone, with spot trading starting on August 20, 2024, at 12:00 (UTC). Trading Available: 20 August 2024, 12:00 (UTC) Withdrawal Available: 21 August 2024, 13:00 (UTC) Trading Link: DOGS/USDT Buy DOGS (DOGS) on Bitget Bonk (BONK) Bonk (BONK) is a dog-themed meme coin that has quickly gained popularity, especially within the Solana community. Launched in December 2022, BONK was created as a community-driven initiative aimed at revitalizing the Solana community following the collapse of FTX. Unlike many other meme coins, BONK's distribution was designed to be fair and inclusive, with 50% of the total supply airdropped to Solana network contributors, users, and various NFT projects. This airdrop strategy helped BONK gain immediate traction and build a strong, engaged community. BONK has built an ecosystem that includes projects like Bonk Swap, Bonk BOT, and Bonk Rewards. Bonk Swap is a decentralized exchange (DEX) on Solana, specializing in trading meme coins and offering features like liquidity pools and yield farming. Bonk BOT is a Telegram bot that allows users to interact with the BONK ecosystem, buy tokens, set price alerts, and participate in airdrops directly within Telegram. Meanwhile, Bonk Rewards incentivizes users to lock their BONK tokens, rewarding them with additional earnings from various Bonk ecosystem products. In February 2024, Bonk's popularity surged even further when European fintech company Revolut announced it was considering listing BONK, leading to a significant price increase. For those interested in the Solana ecosystem and looking for a community-driven project, BONK is worth considering. Buy Bonk (BONK) on Bitget Dogwifhat (WIF) Dogwifhat (WIF) is a meme coin built on the Solana blockchain, launched in November 2023. It features a fun and memorable image of a Shiba Inu dog wearing a knitted beanie, which has quickly endeared it to the crypto community. Despite its playful beginnings, Dogwifhat has grown into a significant player within the meme coin market, especially on Solana, where it has consistently outperformed other meme coins in trading volume and price increases. Throughout 2024, Dogwifhat has seen impressive growth, with its market capitalization reaching over $4.6 billion by mid-year. The coin’s success is largely due to its strong community support and the broader popularity of meme coins. In August 2024, Dogwifhat experienced a notable 21% surge in price, reflecting increased confidence among traders and investors. For beginners interested in meme coins, Dogwifhat offers a compelling option due to its strong market performance and active community. Buy Dogwifhat (WIF) on Bitget Baby Doge Coin (BABYDOGE) Baby Doge Coin (BABYDOGE) is a popular meme coin that was launched in June 2021, inspired by the success of Dogecoin. Built on the BNB Smart Chain and Ethereum, Baby Doge Coin has quickly gained attention for its playful branding and its unique approach to engaging the crypto community. One of its standout features is its hyper-deflationary tokenomics, which means that a small portion of every transaction is burned, reducing the overall supply of the token over time. This burning mechanism is designed to create scarcity and potentially increase the token's value as it becomes more limited. Baby Doge Coin has expanded beyond just being a meme coin by building a broader ecosystem. This includes BabyDogeSwap, a decentralized exchange (DEX) on the BNB Smart Chain, and other initiatives like an educational channel for children, a music platform, and an NFT marketplace. Additionally, Baby Doge Coin has a strong philanthropic mission, having donated millions to animal shelters and other charitable causes. For those considering an investment in meme coins, Baby Doge Coin offers a blend of community-driven enthusiasm and charitable initiatives. Buy Baby Doge Coin (BABYDOGE) on Bitget Neiro (NEIRO) Neiro (NEIRO) is a relatively new dog-themed meme coin that has quickly gained traction in the cryptocurrency world. Launched in July 2024 on the Ethereum blockchain, Neiro draws its inspiration from Kabosu, the sister of the Shiba Inu that became the face of the iconic Doge meme. Like Dogecoin, Neiro aims to build a strong, community-driven project with the potential to become a cultural phenomenon in the crypto space. Neiro has seen a remarkable rise since its debut, with its price surging over 1,300% within the first month of trading. This explosive growth has made Neiro one of the top-performing meme coins of 2024, attracting significant attention from investors and traders alike. As of August 2024, Neiro is trading around $0.20, with a market capitalization over $200 million. Its strong performance during a volatile period in the crypto market has positioned Neiro as a promising contender among meme coins. With its growing community and ambitious roadmap, Neiro is a meme coin to watch in 2024 for those looking to invest in the next big thing in the crypto world. Buy Neiro (NEIRO) on Bitget Myro (MYRO) Myro (MYRO) is a dog-themed meme coin that has quickly gained traction in the cryptocurrency market since its launch in November 2023. Built on the Solana blockchain, Myro is designed as a community-driven project centered around a fictional dog character named Myro. This playful branding has helped the coin capture the attention of meme coin enthusiasts and build a strong, engaged user base. By August 2024, Myro was trading at approximately $0.08, with a market capitalization of around $80 million, marking it as one of the more promising new entries in the meme coin space. What sets Myro apart from other meme coins is its focus on providing real utility within the crypto ecosystem. The project plans to launch several features, including a staking platform, a decentralized exchange (DEX), and NFT-based rewards, all of which will add practical value to the MYRO token. This combination of community engagement and future utility makes Myro a compelling option for investors interested in dog-themed meme coins. Buy Myro (MYRO) on Bitget CATDOG (CATDOG) CATDOG (CATDOG) is a unique meme coin on the Solana blockchain that has quickly gained traction since its launch in mid-2024. The coin is themed around the playful concept of a cat and dog joined together, symbolizing unity between two traditionally rival animals. Unlike many other cryptocurrencies, CATDOG does not have the backing of venture capital firms. Instead, it relies on strategic partnerships and strong community-driven efforts to build its reputation and grow its user base. Notably, CATDOG has partnered with Gotbit.io and has made a significant donation to Animal Haven, a nonprofit organization dedicated to rescuing and rehoming pets. As of 2024, CATDOG (CATDOG) presents a promising investment opportunity with its innovative approach. If you're looking to explore the meme coin market, CATDOG is definitely one to watch. Buy CATDOG (CATDOG) on Bitget Tips for Investing in Dog-Themed Meme Coins Do Your Research: Before investing in any dog-themed meme coin, take the time to thoroughly research the project. Look into the coin’s price history, community, development team, and overall market sentiment. Understanding the fundamentals can help you make informed decisions. Start Small: Meme coins are highly volatile, so it’s wise to start with a small investment. This approach allows you to enter the market without exposing yourself to significant risk. Diversify Your Portfolio: Don’t put all your eggs in one basket. Consider spreading your investments across multiple meme coins and other types of cryptocurrencies. Diversification can help mitigate risk and balance your portfolio. Stay Updated: The meme coin market moves fast, with prices often driven by social media trends and community events. Keep up with the latest news, follow key influencers, and monitor market trends to stay ahead of any sudden shifts. Have an Exit Strategy: Know when you plan to sell. Setting clear profit targets or stop-loss levels can help you avoid making emotional decisions during periods of high volatility. Be Prepared for Volatility: Meme coins can experience dramatic price swings, so be prepared for both ups and downs. It’s essential to have a risk management plan in place and to invest only what you can afford to lose. Engage with the Community: Joining the community around a meme coin can provide valuable insights and keep you informed about upcoming developments. Active communities are often a good sign of a coin’s potential for growth. Use Trusted Platforms: When buying or trading dog-themed meme coins, consider reputable platforms like Bitget, which offer security, user-friendly interfaces, and a wide range of coin options. Where to Buy Dog-Themed Meme Coins? Looking to get your paws on the latest dog-themed meme coins? Bitget is your go-to platform. Whether you're after the classics like Dogecoin (DOGE) and Shiba Inu (SHIB) or curious about up-and-coming tokens like DOGS (DOGS), Bitget has you covered. With a user-friendly interface and top-notch security, Bitget makes it easy to dive into the meme coin craze. Ready to dive into the world of dog-themed meme coins? Create an account on Bitget today.

Lifeform (LFT): Digital Identity for the Web3 Age

What is Lifeform (LFT)? Lifeform (LFT) is a blockchain platform that offers technologies and services for digital identity management. At the core of Lifeform's offerings are hyper-realistic 3D virtual human avatars, which are NFT-based digital identities that users can access across both Web3 and Web2 platforms. Lifeform's vision is to simplify digital identity management and make it universally accessible. The company aims to replace the outdated username and password system with dynamic, immersive experiences that use animated virtual human avatars. These avatars serve as both authentication credentials and embodiments of users' personalities across various digital realms. Lifeform envisions a future where a single universal ID can streamline access to services, facilitating seamless cross-chain communication and participation in blockchain services. The mission of Lifeform is to empower individuals by granting them control over their digital identities. This includes enhancing the management of digital identities, increasing transparency in asset management, and providing access to financial services across multiple blockchains. How Lifeform (LFT) Works Lifeform offers a range of products designed to revolutionize digital identity and enhance user experience across the web3 ecosystem. 1. Cross-ecosystem Web3 Decentralized Identity Solution Lifeform avatars are NFTs connected to web3 wallets, providing login credentials for any web3 application. This means your experiences and status in one part of the digital world can be used anywhere you need, making interactions more seamless and integrated. 2. Hyper-realistic 3D Virtual Human Avatar Editor The avatar editor allows users to create personal avatars that can look exactly like their real-world selves or any digital version they prefer. These avatars are not just static images; they represent the user's digital identity across different platforms. 3. Connecting to Other Apps and DApps Lifeform avatars act as cross-ecosystem login IDs, enabling users to enter new metaverse worlds and GameFi apps with the same visual identity, status, data, and assets. Additionally, a one-click plugin allows users to utilize their avatars in video platforms like Zoom or TikTok. 4. Lifeform Universal Domain This service offers domain names with the .btc suffix, making it easier to authenticate and position users across blockchain networks. This simplifies the process of remembering and managing multiple identities. 5. DecentraShield This is a decentralized and censorship-resistant naming service that prioritizes privacy and user autonomy. It uses AI to detect potential phishing or scam activities, ensuring safe transactions in high-frequency scenarios. 6. LifeMesh API LifeMesh API provides a suite of APIs for multi-chain domain name mapping, enhancing the wallet transfer experience and offering secure domain-based transaction interfaces. 7. Lifeform Space This feature-rich space centers around domain name accounts rather than wallets. It includes domain ownership, asset management, invitation records, on-chain activity, and social interaction displays. Users can view domain ownership, transaction records, and historical activity, as well as manage and showcase assets and collections. 8. BrandLife BrandLife is a branding service that helps users and projects establish recognizable and memorable blockchain names, enhancing their digital identity within the Web3 ecosystem. 9. EaseLink EaseLink simplifies blockchain interactions by converting complex addresses into easy-to-remember names, improving the overall user experience. It also analyzes cross-chain activity to provide personalized recommendations, encouraging broader engagement with the web3 ecosystem. 10. UniAccess Portal (UAP) UAP offers a universal ID for streamlined access to various services, eliminating the need for multiple logins and identity verifications. 11. LifeGrowth Engine (LGE) LGE leverages Lifeform's existing user base to drive organic growth and enhance the value of the ecosystem through network effects. LFT Goes Live on Bitget Through hyper-realistic 3D avatars, cross-ecosystem identity solutions, and a range of supportive products, Lifeform is making digital identity management more secure, accessible, and engaging. As Web3 continues to grow, Lifeform's vision and mission to empower users and simplify digital interactions are more relevant than ever. Trade LFT, the native token of Lifeform, on Bitget today to be a pioneer of digital identity on Web3. LFT is listed on Bitget under the name LIFEFORM. How to Trade LFT on Bitget Listing time: May 16, 2024 Step 1: Go to LIFEFORMUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading . Trade LIFEFORM on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

IQ50 (IQ50): A Meme Coin’s View on Crypto Investing

What is IQ50 (IQ50)? IQ50 (IQ50) is a meme coin on the Solana blockchain that exists primarily for entertainment rather than any practical use or financial return. However, beneath its whimsical facade lies a deeper commentary on the intersection of intellect, humor, and investment. The name "IQ50" itself is a playful nod to a humorous concept: the notion that individuals with an IQ of 50, significantly below the average IQ of 100, possess a better ability to navigate the complexities of crypto and turn a profit than others. It's a tongue-in-cheek jab at the traditional wisdom that intelligence correlates with financial success, suggesting instead that simplicity and intuition may sometimes prevail. How IQ50 (IQ50) Works IQ50 is a meme coin, so it does not really have elaborate whitepapers, development teams, and roadmaps. Rather, IQ50 operates on a simpler premise. It leverages the power of memes - specifically, imagery inspired by the popular Wojak series. Wojak, characterized by a simple, expressive face, has become an emblem of internet culture, capable of conveying a myriad of emotions and ideas. By tapping into the familiarity and appeal of Wojak, IQ50 cultivates a sense of community and camaraderie among meme enthusiasts, drawing attention to its unique brand of humor and irreverence. Furthermore, IQ50's association with the Solana meme coin trend amplifies its visibility within the cryptocurrency community. With a market capitalization exceeding $10 million, IQ50 has carved out a niche for itself in the crowded landscape of meme coins, captivating the imagination of investors and spectators alike. In a market often characterized by hype and speculation, IQ50 serves as a reminder not to take things too seriously. It's a playful satire of the hyper-analytical approach often associated with cryptocurrency investing, celebrating the absurdity and unpredictability inherent in the space. While some may dismiss IQ50 as frivolous or nonsensical, its growing popularity underscores a broader trend - the blurring of lines between internet culture and finance. In an age where memes can influence markets and social media trends can sway investment decisions, IQ50 stands as a testament to the power of online communities to reshape traditional paradigms. IQ50 Goes Live on Bitget IQ50 may appear as a whimsical creation in the serious world of crypto, but its significance goes beyond mere amusement. It reflects a cultural shift where digital communities redefine the boundaries of finance and humor. IQ50 reminds us that amidst the complexities of investment strategies and market analyses, there's room for lightheartedness and fun. So, while IQ50 may not revolutionize the financial world, its presence serves as a reminder to embrace the playful side of innovation and to approach even the most serious endeavors with a sense of humor. In the end, IQ50 embodies the spirit of the crypto community united by laughter and shared experiences. So join the IQ50 fun-loving community by trading the token on Bitget as it is listed on the exchange on March 18. How to Trade IQ50 on Bitget Step 1: Go to IQ50USDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. IQ50 may not have the technical sophistication or big ambitions of other crypto projects, but its impact is undeniable. By embracing humor and meme, IQ50 challenges conventional wisdom and invites participants to join in on the joke. So, the next time you encounter IQ50 in the wild world of crypto, remember that it's okay to laugh sometimes, even in the finance world. Trade IQ50 on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

What is TokenFi (TOKEN)? Decoding the Next Big Wave in DeFi and Asset Tokenization

What is TokenFi (TOKEN)? TokenFi (TOKEN) is the latest platform within the Floki ecosystem, designed to democratize the process of tokenizing real-world assets, making it accessible to a broader audience without the need for specialized coding skills. Originating as a project under the Floki DAO and driven by the Floki Core Team, TokenFi has rapidly gained attention for its user-friendly interface and powerful features, which have significantly impacted the Floki token's market valuation and overall ecosystem. The platform's inception was aimed at distributing TOKEN crypto rewards to the Floki community, which subsequently led to a remarkable $100 million increase in FLOKI's market capitalization. In early March 2024, DWF Labs invested $10 million in TokenFi to support its AI initiatives, resulting in a 50% increase in the TOKEN price, which nearly reached 9 cents. TokenFi stands out in the decentralized finance (DeFi) space for its commitment to simplifying the tokenization process, thereby fostering greater inclusivity and innovation in the blockchain sector. How does TokenFi work? TokenFi operates as an integral component of the Floki ecosystem, offering a streamlined and accessible platform for asset tokenization. Its primary aim is to democratize the blockchain technology landscape, enabling users from various backgrounds to participate without the need for deep technical knowledge. Token Creation and Launch Token Launcher: The cornerstone of TokenFi is its Token Launcher, which empowers users to create their own ERC-20 and BEP-20 compliant tokens. This tool is designed for ease of use, allowing individuals without any coding expertise to generate and customize their tokens, adjusting parameters such as supply, name, and symbol to fit their project's needs. TokenFi Launchpad: Beyond token creation, TokenFi provides a Launchpad, a platform that facilitates the fundraising process for new projects. It manages the intricate aspects of token sales, ensuring that projects can raise capital in a structured and secure environment. This feature is particularly beneficial for startups looking to enter the blockchain space without the technical overhead. Asset Tokenization RWA Tokenization Module: TokenFi plans to introduce a Real-World Asset (RWA) Tokenization Module, enabling users to convert tangible assets like artwork, real estate, or commodities into digital tokens. This process not only broadens the scope of assets that can be integrated into the blockchain but also enhances liquidity and accessibility for such assets. Security and Compliance AI Smart Contract Auditor: Recognizing the critical importance of security in the blockchain domain, TokenFi is developing an AI-powered Smart Contract Auditor. This tool aims to scrutinize smart contracts associated with token launches, identifying vulnerabilities and ensuring compliance with best practices, thereby bolstering trust and reliability in the ecosystem. Community Engagement and Incentives Referral Program: To foster a vibrant community and encourage widespread adoption, TokenFi features a referral program that rewards users for introducing new participants to the platform. Staking Rewards: In alignment with its goal to create a synergistic relationship with the Floki ecosystem, TokenFi offers TOKEN cryptocurrency as a staking reward for FLOKI holders. This mechanism not only incentivizes the holding of FLOKI tokens but also integrates the broader community into the TokenFi ecosystem. Market Accessibility: TOKEN, the native currency of TokenFi, is made available on various decentralized and centralized exchanges, ensuring that users can easily acquire and trade the token, thereby enhancing its liquidity and market presence. What is TOKEN? TOKEN serves as the primary utility token within the TokenFi platform, playing a crucial role in its ecosystem. It is designed to facilitate various transactions on the platform, with a unique mechanism where a portion of successful transaction fees is utilized to automatically purchase and burn TOKEN. This process introduces a hyper-deflationary aspect, aimed at enhancing its value over time as the platform gains wider adoption. TOKEN has a total supply of 10 billion tokens. The tokenomics of TOKEN are structured to support a sustainable and balanced ecosystem. The distribution and emission of TOKEN are planned, with a portion of the tokens used for user incentives. These incentives are distributed over a 48-month period, ensuring a steady yet controlled release that aligns with the platform's growth and user engagement levels. This approach mitigates the risk of significant token dilution, maintaining the token's value and stability for holders and users within the TokenFi ecosystem. Final Thoughts In summary, TokenFi's approach to democratizing the tokenization process is comprehensive and multifaceted. By offering a suite of tools that simplify token creation, ensure security, and facilitate integration into the broader ecosystem, TokenFi is not just making tokenization accessible to everyone; it's paving the way for a future where digital assets play a central role in our financial systems and everyday lives. Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.

Bitget Hot Takes (January 08 - January 14, 2024)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, which sums up BGB performance, what's new at Bitget, and the latest market movements. The latest Bitget Hot Takes can be found here. Central Themes • All 11 spot Bitcoin ETF applications were approved at once; trading began already on Thursday. • Focus in the U.S. turned to the spot Ether ETF narrative; Hong Kong is open to exploring spot crypto ETFs; South Korea stands firm with their 'no crypto ETFs' policy. • U.S. CPI and core CPI data came out higher than expected. • Stablecoin issuer Circle filed for U.S. IPO. • Bitget Card is OUT - be the first one to own the exclusive off-ramp gateway by Bitget x Visa BGB: More Room To Rise After climbing to US$0.6808 in the first week of 2024, BGB saw a correction last week. The weekly high fell to US$0.64 while the weekly low rose to US$0.59, but this low was out of the Bollinger Bands and rebounded right back within, hence the correction trend should not last long. Indicators are pointing to a buildup of momentum: a lot of room for BGB prices to increase, spread tightened, volume is down. As mentioned above, BGB volume saw a decline of nearly 20% despite prices going back to US$0.60, so there's no short-term FOMO buyers here. Investors are apparently waiting for a price breakout (or more - see how 2023 turned out for BGB diamond hands?), which shall come with the stabilisation of Bitcoin prices, especially when a relationship between BGB and Bitcoin seems to have somewhat developed in the last few weeks. Extra Volatile Grayscale's win over the SEC in court has paved the way for the long-awaited spot Bitcoin ETF approval in the U.S . And it's not just Grayscale's conversion application but all 11 applications as a whole! Here's the name and ticker of all 11 spot Bitcoin ETFs that began trading last Thursday (January 11, 2024): • Bitwise Bitcoin ETF: BITB • VanEck Bitcoin Trust: HODL • Grayscale Bitcoin Trust: GBTC • Fidelity Wise Origin Bitcoin: FBTC • Blackrock's iShares Bitcoin Trust: IBIT • Franklin Bitcoin ETF: EZBC • 21Shares & Ark Bitcoin ETF: ARKB • Invesco Galaxy Bitcoin ETF: BTCO • Hashdex Bitcoin Futures ETF: DEFI • WisdomTree Bitcoin Fund: BTCW • Valkyrie Bitcoin Fund: BRRR There are VanEck (HODL) and Hashdex (DEFI) whose names sound very.. dedicated, while the rest mostly follow the issuers' name standardisation. These 11 ETFs achieved nearly US$7.7 billion in trading volume in only two days, with Bitwise being the winner of Day 1 with US$625.8 million in net flow . Based on their performance and volume this week, we will decide on providing a summary of their performance in the following Bitget Hot Takes issues. So spot Bitcoin ETF approval is a good thingy, and prices must be up only, right? Why the red? You may want to check out our guide for the near future here: DDD-Day: Bitcoin ETF Is Approved first, where we already predicted extra volatility after the approval. Besides, remember that in crypto markets there's something called perps (perpetual futures contracts ), which have no expiry and track the underlying asset's spot prices closely. This is a good time for whales to 'kill' the long orders before attempting to clear the short ones as well, since many still tend to trade with emotions and the moment they see prices decrease, they'll react with a high-risk short. This is not to say that we shall never trade during these volatile times, but better time your trade and up your skills to minimise the risk of liquidations. There's another reason for the bleeding across all markets last week: the latest U.S. CPI data release . Expected was 3.2% YoY for the headline CPI and 3.8% for the core CPI, but the actual numbers are 3.4% and 3.9%, respectively. This means the FED's recent dovish pauses will likely come to an end, or at the bare minimum, rate cuts should not begin in as early as March. However, data from FedWatch Tool suggests that there are indeed more investors looking for the FED's lowering interest rates starting from March: 70% from 60.9% as of last week . The Latest Bitget News First and Foremost: Bitget Card IS OUT! Bitget has simplified crypto on-ramp for even the noobest of noobs (at zero cost on selected days even), and now it's time to conquer the real world with Bitget Card - a credit card provided by Visa and Bitget! You only need to have some crypto in your Bitget account to enjoy instant ultra-high USD spending limits no matter where you are! Besides, BGB cashback is soon to be added for Bitget Card holders - be the first to get a Bitget Card and earn more on your spending! Bitget Card Introduction is available here , together with our tutorial on how to apply for your Bitget Card . Want to learn more about BGB? Check out our BGB White Paper and BGB Intro Top daily gainers of the week on Bitget include XAI/USDT, APP/USDT, DOME/USDT, ELA/USDT, and RABBIT/USDT. To help you understand the hype behind these tokens, we have provided the most comprehensible token intros as follows: Xai (XAI): The First Layer-3 Blockchain For First-Class AAA Gaming Satisfy Your Need For Speed With Moon App (APP) Everdome (DOME): The Hyper-Realistic Metaverse of Tomorrow Rich Rabbit (RABBIT): The Extraordinary Convergence of Meme Coin, DePIN, and Space Exploration New users are so very welcome to invest wisely in crypto by minimising costs. Time the market and make 0-fee crypto purchases on Wednesday and the weekend as Credit/Debit card owners! It's not just limited to newbies, experts can deliberately join, too! Don't forget to check out the great Bitget Reward Center for 5,027 USDT in welcome bonus and take our limited-time offer for 50% rebate on crypto purchases . Hurry up, 1,200,000 USDT in rewards is being distributed on a first-come, first-serve basis until JANUARY 31 ONLY! Looking for extra earning options on Bitget? Check this out: • Bitget Savings : New tokens can be added to our savings vaults within days after the listing with up to 100% APR for a limited time! The newly added options are AIMX , ZKF , and ELA with up to 50% APR, DUSD with up to 40% APR and OX , $AI , FNSA , XAI , and DOME with up to 30% APR. Enjoy the Savings Boosts before they are sold out! • Bitget Launchpool : Similar to Bitget Savings, but it’s for BGB owners to put their holdings to work! Exclusive pools for new users as well! • Bitget Snowball and Bitget Smart Trend : New subscription period begins every Monday! • Weekly exclusive earning opportunities: Up to 10% APR on Bitget Wealthy Tuesday All Bitget Earn guides are available here: Bitget Range Sniper | Bitget Shark Fin | Bitget Dual Investment | Bitget Smart Trend | Bitget Snowball | Bitget Wealth Management New Events 2-week offer: Zero fees on credit/debit card crypto purchases Guaranteed Win at Bitget's Lucky Wheel! Spin Now for a Chance at 1 BTC! Join the spot margin trading competition to win 5000 USDT and the first welcome gift for 2024! Upgrade your VIP level to grab a share of 95,500 USDT! Trade, net deposit, and invite friends in CandyBomb to earn ELA! Trade, net deposit, and invite friends in CandyBomb to earn OORT! Post Comment on Insights, Share 6000 $BGB Prize! Join the 2024 Bitget Builders Program: Become a million-follower influencer and unlock your wealth code! 2024 Wheel of Fortune — deposit EUR and BRL to win SNEK, OX, BRCT, BGB, AI, SOL, and ETH! Celebrate the ETF Approval: Trade with Bitget & Win Your Share of 1 BTC Become a star trader or star follower to share 6000 USDT every week Start 2024 with a Bang: Every Deposit Doubled in Rewards! Deposit to List: Propbase (PROPS) - Deposit and Share 666,666 PROPS Rewards! Deposit to List: Vyvo Coin (VSC) - Deposit and Share 187,500 VSC Rewards! Xai (XAI) will be listed on Bitget. Come and grab a share of $4,000 worth of XAI! Strike (STRIKE) will be listed on Bitget. Come and grab a share of 800 STRIKE! MangoMan Intelligent (MMIT) will be listed on Bitget. Come and grab a share of $8,000 worth of MMIT! Everdome (DOME) will be listed on Bitget. Come and grab a share of 48,000,000 DOME! Moon App (APP) will be listed on Bitget. Come and grab a share of $10,000 worth of APP! Sologenic (SOLO) will be listed on Bitget. Come and grab a share of 64,000 SOLO! Good Reads DDD-Day: Bitcoin ETF Is Approved Bitget Card: Unlocking the World of Crypto Bitget Card: An Ultimate Tutorial Everdome (DOME): The Hyper-Realistic Metaverse of Tomorrow Satisfy Your Need For Speed With Moon App (APP) Simply create an account, and start exploring the incredible Bitget-Verse today!

Everdome (DOME): The Hyper-Realistic Metaverse of Tomorrow

What is Everdome (DOME)? Everdome is the first hyper-realistic metaverse that combines scientific research, gaming, learning, storytelling, digital innovation, self-development, and brand presence into an immersive experience. It's a carefully crafted odyssey that begins from the moment you step into its spaceport. Imagine leaving the confines of Earth, orbiting our blue planet, and then emb arking on an interplanetary adventure to the red landscapes of Mars. This groundbreaking metaverse experience, in its beta phase since the end of 2022, promises an unparalleled escapade from the comfort of our own homes. How Everdome (DOME) Works 1. Diverse User Types Everdome caters to various user types: For brands, the metaverse offers an exciting space to engage with users on a deeper level that transcends the limitations of traditional digital marketing. For businesses, businesses of different scales and years of operation can find a home in Everdome and utilize its hyper-realistic setting for training, team building, and more. For individual users, who are known as Evernauts, they are welcomed to experience futuristic space travel, explore hyper-realistic Martian landscapes, and even contribute to the metaverse through collaborative storytelling. For investors, they can benefit from the growth of the ecosystem and stake DOME for additional rewards. 2. Visuals and Soundscaping Utilizing Unreal Engine 5, Everdome achieves unprecedented visualizations as a metaverse and offers a truly immersive experience. The soundscape, carefully curated with the help of film professionals, adds depth to the metaverse, compensating for the absence of touch and smell. From airlocks closing to the sound of Martian dust storms, every detail is designed to captivate users' senses. 3. Compelling Storytelling and Realism Everdome's storytelling is a cornerstone of its appeal. Balancing viability and hyper-realism, the metaverse presents users with challenges within the Martian atmosphere, encouraging problem-solving and collaboration. Interactions with Non Player Characters (NPCs) enrich the storytelling experience, creating a dynamic and engaging adventure for users, brands, and investors alike. Everdome's virtual world is carefully crafted to combine near-future scientific realism and science fiction. The team collaborates across disciplines, including blockchain developers, visual artists, storytellers, composers, game engineers, and even space scientists to ensure that the metaverse experience is as believable as possible. 4. Economy Fueled by DOME Token At the heart of Everdome's vibrant economy is the DOME token. With DOME, users can buy, sell, and trade digital assets such as land, creations, and services. The economy provides opportunities for brands to launch events, creators to sell their digital works, digital workforce to use metaverse worldbuilding services, and investors to take advantage of a pioneering metaverse platform. DOME Goes Live on Bitget Everdome envisions becoming the gold standard in hyper-realistic metaverse development. The project's open-minded approach to Web3 and the metaverse's near-limitless potential sets it apart. By creating a metaverse culture and community that is co-created, inclusive, and non-violent, Everdome stands out as a perfect environment for creative expression. The innovative use of DOME as a utility token, powering the entire in-world economy, offers a sustainable model for growth. Become the pioneer of metaverse with Everdome by trading DOME on Bitget. The DOME token will be listed on Bitget on January 12. Seize the moment and enhance your metaverse experience by participating in this special event featuring a grand total prize pool of 48,000,000 DOME. How to Trade DOME on Bitget Step 1: Go to DOMEUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading . As Everdome continues to push boundaries, collaborating with its community of supporters and visionary partners, it aspires to usher in a new era of human experience. The project's commitment to true hyper-realism, combined with its futuristic setting and multidisciplinary approach, sets the stage for a metaverse that goes beyond entertainment—it becomes a canvas for human creativity, exploration, and collaboration. Trade DOME on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

What is Artificial Intelligence (AI)?

A frequent guest in the media all around the world, artificial intelligence (AI) refers to the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning, composing, and even self-correction, making AI a multidisciplinary field that involves computer science, psychology, linguistics, philosophy, and many others. Types of artificial intelligence Broadly speaking, there are two - three if you’re an avid fan of sentient-AI-triggered apocalypse science fiction - main types of AI: narrow AI and general AI. Narrow AI, also referred to as weak AI, is designed to perform hyper-detailed, specific tasks, such as spam mail detection, package sorting, or image classification. This is the AI that we see every day - navigation apps on our smartphones, face recognition door accesses, recommendation algorithms... the list goes on and on. General AI, also known as strong AI, is an AI system with generalized human cognitive abilities. When presented with an unfamiliar task, a strong AI system is capable of finding a solution without human intervention. Generative AIs such as ChatGPT and Midjourney have demonstrated their capabilities in generating text and images based on any prompt you throw at them. These are possibly the most ‘general’ AIs we have seen to date, but there are still a huge array of industries disciplines not yet graced by such breakthroughs. How artificial intelligence works Almost all AIs we see today started their journey by ingesting large amounts of data and processing them with sophisticated algorithms. This is the driving force behind modern AI systems - machine learning, a subset of AI that enables machines to learn from data and improve over time without being explicitly programmed. Machine learning involves building mathematical models based on sample data, or "training data", in order to make better predictions or decisions with little human intervention. These models improve their performance as the quantity and quality of the data they're trained on increases. As of now, the most powerful and versatile artificial intelligence is powered by deep learning, a subset of machine learning that constructs multi-layered artificial neural networks. These networks are designed to simulate our neural system and are becoming essential for areas that involve petabytes of data or require autonomous decision-making capabilities, such as image and voice recognition, autonomous driving, and generative pre-training transformers (GPTs). Benefits and challenges AI has already made some breakthroughs across various sectors. Protein and its folding structures have been a circling mystery for decades, and AI has propelled us a long way forward in just a few years. In finance, AI can help make better fraud detection systems and trading strategies. They even have the potential to revolutionize the manufacturing industry by introducing more efficient supply chain management and surveillance maintenance systems. However, with greater benefits come greater challenges. AI systems require vast amounts of data to function effectively, raising privacy, copyright, and even security concerns. There's also the risk of AI systems making decisions that humans don't understand or agree with - especially when we are still struggling to comprehend what each layer is doing in the simplest neural networks - leading to issues of transparency and trust. Moreover, as AI systems become increasingly complex, there is a growing concern about our ability to predict and control their actions. This has led to calls for rigorous testing and oversight of AI systems, as well as the development of robust ethical guidelines. Closing thoughts Artificial Intelligence stands as one of the most transformative technologies of our time. It holds the potential to revolutionize numerous sectors and improve our lives globally. However, as we continue to develop and deploy AI systems, it's crucial that we remain cognizant of the ethical implications and potential challenges that come with this powerful technology. As we look to the future, the continuous exploration of AI promises exciting advancements. But it also necessitates ongoing conversations about how we can ensure these technologies are used in a way that aligns with our societal values and benefits all of humanity. As the world’s leading cryptocurrency exchange, Bitget has also embraced artificial intelligence and enhanced our trading experience by introducing AI-optimized Grid, Martingale, and CTA trading strategies. We have also handpicked a lively selection of AI-related crypto projects for our AI zone. Register now and start your AI-powered trading journey now at Bitget!

The Ethereum Merge is Done: A Market's Wrap Up

The big Ethereum update that everyone is talking about has already happened. We made an article called Post-Merge: 5 Facts You Need to Know in which we explained what it consisted of and that it was the fusion between the consensus layer and the execution layer. Ethereum has therefore moved from a Proof-of-Work protocol to a Proof-of-Stake consensus. The Merge is the first step in Ethereum's big roadmap that will take several years to deploy. If you have not seen Vitalik's talk at EthCC 5 that outlines the next major steps, we invite you to watch it here. Introduction The Merge took place and we are writing this article on September 19, 2022. Today we are going to look at the direct consequences of this event on the Ethereum blockchain and its token. We know that this may seem like yet another article about the Merge hype and that you may feel like everyone is talking about the same thing. It is true that there is a lot of content about The Merge at the moment but we will try in this article to approach the topics differently but especially to have a little more thoughts about this update and the ones to come. Ethereum's energy consumption One of the things that comes up a lot about The Merge is the energy consumption of the Ethereum network. It is something we hear absolutely everywhere and it is especially used by the people who talk about The Merge without knowing much about it. As you know, Ethereum is moving from a Proof-of-Work consensus-based protocol type to a Proof-of-Stake consensus type. So yes, it is a fact, from a technical point of view, the PoS system will consume 99.5% less than the PoW. Unlike the PoW system in which it is necessary to have a large number of validators that use a lot of electricity, in the PoS system, it is ETH tokens that are needed and not electrical resources. Thus, PoS is 2,000 times greener than PoW. If we look at since 2021, the energy consumption related to Ethereum has exploded and is now hyper-low: Source: ethereumenergyconsumption.com You have certainly heard the famous comparison between Bitcoin and Ethereum which consume as much electricity as a country: Source: ccaf.io Khazakstan consumes about 92.1 TWh/year while Bitcoin consumes about 95.3 TWh/year. That said, it is possible to mine Bitcoin via renewable energy or surplus energy that cannot be stored and then invest via the mined cryptocurrencies in green investments such as hydro dams for example. These water dams can be used for mining. This example allows us to qualify the comparison between BTC vs Countries. Yes, PoS has its advantages but also its disadvantages. So does the PoW: Source: bitcoinuptime.org PoW has proven its resistance with BTC which has never been down or almost never. PoS allows for a system that is certainly greener but potentially more exposed to hacks if the number of benevolent validators is not sufficient and can quickly become too centralized. Going from PoW to PoS remains a huge revolution. Should or will Ethereum 2.0 be a store of value? One of the big consequences of The Merge impacts the ETH token. The number of ETH created should decrease by 90%. Staking rewards are going to be 1,600 ETH/day versus 13,000/day pre-Merge. If certain specific conditions are met, ETH could even be a deflationary token. Almost everyone thinks this is a great thing. Indeed, few people like inflation, whereas deflation allows supply to decrease and potentially increase the asset’s prices. Having said that, let's try to go a little further in the analysis by having a nice angle of reflection on this subject. Even if we have a very bad image of inflation because it is often considered as absolutely mismanaged by our dear governments and therefore reaches aberrant rates, a healthy inflation in a healthy economy clearly has its advantages. Inflation allows a currency to circulate, which is one of the most important things in economics because we do not want people just to save without using the money they have. It also encourages initiatives and creates new opportunities. Deflation, on the other hand, can slow down an economy and lead to difficult consequences. Yes, if you know that the more money you keep, the more purchasing power you will have in the future due to deflation, then you will simply stash it under your mattress and wait. If no one is exchanging and a currency is not being used, then the economy can suffer. We see a well-known economic paradox here where deflation is linked to economic crises because companies cannot hire, people who have taken out loans have trouble paying them back and we can very quickly fall into a negative spiral. So be careful not to run away from an inflationary ecosystem because if it is well managed then inflation will be beneficial. The ETH token is a token that will manage the ecosystem, secure the network and enable the growth of the protocol adoption. Again, we don't have a crystal ball and the answer is not yes or no. From our research here are some things to think about: While the Merge is likely to cause a reduction in ether's supply, making it a deflationary asset, low network usage may delay the expected bullish effect. No one will spend ETH if it's deflationary" debunked. So the conclusion is that if the ETH issue is well managed, then the ETH price will come out ahead. Why? Because everything in the Ethereum protocol is designed to encourage the circulation of ETH and it is important to remember that ETH is not inherently deflationary. It only becomes inflationary if we have a lot of activity on the network and a lot of ETH used for gas is burned. This is not detail and it really makes all the difference. The MEV: the tax that everyone forgets There is something that is very important on Ethereum and that is very little discussed because very little is known. However, it has allowed miners to generate more than 675 million dollars without the users really knowing it. It's not a hack and it's not something illegal. It's clearly legal, but from an ethical point of view, it can be a concern. This phenomenon is what we call MEV: Miner Extractable Value. To understand MEV, it is necessary to understand how a transaction is validated in a Proof-of-Work blockchain. Let's say you want to send a friend 1 ETH for his birthday. How will this happen in practice? You go to Bitget, start your sending process and the transaction will go to a mempool. A mempool is simply a big basket in miners will pick to fill the blocks they will validate. In the mempool there are all the transactions that are pending. A miner wishing to validate his block will take the transactions from this large basket, fill the block, organize it and form it. In exchange, the miner will receive two types of rewards: ETH for creating a new block, which is a reward that will be fixed according to the new amount of ETH that can be mined, and he will also receive the ETH fees of the transactions of the block he added. So if we imagine that all the users who made transactions contained in the block he created paid $100 in total transaction fees, then the miner will get this $100. Normally you begin to understand the trick here. The fact that miners can get the transaction fees from the transactions they are going to validate, well that means that miners have an incentive to take the transactions with the most fees and not the first ones in order of arrival. Because if they take the transactions that have the most fees, and validate them in their blocks, then they will receive more rewards. Around this practice, which may seem quite simple, a whole ecosystem has developed in which there are so-called "searchers", i.e. traders who look for MEV opportunities and whose objective is to optimize the organization of each block in order to extract maximum profits. These searchers will create the most optimized block possible which they will then offer to a miner in exchange for a certain price. There was an update, EIP-1559 which tried to reduce the MEV because miners had extracted huge amounts of money under the noses of the users. If ETH allows this, then miners are technically entitled to process the most profitable trades first. Code is law. However, this is like standing in line at a supermarket checkout with the option of giving the cashier some cash to go ahead of all the other customers. This gives rise to the execution of the free will of minors. The question, then, is whether the move to PoS will affect this SRM, and if so, what? Again, this is difficult to predict. There are a lot of conflicting opinions. In PoS as you know, it is no longer miners but validators who operate to validate transactions. These are people who will block their ETH in staking and who will propose and then verify the blocks. With the decrease in the number of new ETH created, validators will receive 85% less rewards than miners for the same work. So we can imagine that MEV is going to be a big issue in PoS. Some estimates predict a revenue increase of around +50%, which is huge. But a big change is in block building, the process of determining which transactions will be included in a block and in what order. In PoW, block building required very specific tools for the miners and there were only a few operators who were responsible for the majority of the block building. With The Merge, this will change as a new category of actors will be introduced in the consensus called "blockbuilders" which are actually actors specialized only in the construction of new blocks. This will be a new process that will touch the creation of Ethereum blocks. There will be a separation between those who propose the blocks and those who build them. This differs from PoW where the same person was responsible for both the proposal and the construction. Layers 2 The implications of The Merge for Ethereum and Layers 2 are numerous. If The Merge does not directly improve scaling, in the long term, Ethereum has planned to implement internal solutions that will increase its capacity such as sharding, and theoretically may no longer need Layers 2 type solutions to prevent its network from being saturated. Already, what is certain is that The Merge will not change much regarding the importance of Layers 2 on Ethereum. This is a fact. In the future, it is therefore also very likely that Layers 2 will continue to be necessary for the Ethereum ecosystem. In fact, the developers have said that they are including Layers 2 in their scaling plan. It is important to understand that just because Ethereum is scaling does not mean that Layers 2 become useless. In fact, the opposite is true. Layers 2 are directly linked to Ethereum. So if Ethereum improves its capabilities through sharding, then Layers 2 will also become more powerful. To achieve mass adoption in the near future, it seems that Ethereum clearly does not have the luxury of using sharding alone. Both solutions, sharding, and Layers 2, can be combined very well. On the other hand, Layers 2 uses can be rotated and they could be used to process, for example, the smallest transactions in the network or have other roles that remain to be defined. It is also worth remembering that Layers 2 are not just for Ethereum and so we imagine an even greater multi-chain role for Layers 2 in the future. Conclusion There's a lot of data to consider and no one can really tell you for sure what is going to happen. What is certain is that Ethereum will open a new door in the ecosystem. It is the biggest blockchain and the one with the most users. That being said, Vitalik and his team have taken one of the biggest risks in the history of blockchains to optimize their ecosystem and do everything they can to make sure that Ethereum will be adapted and used by the masses in the years to come. Other projects will therefore also have to raise their standards and take risks if they want to follow Ethereum's pace, which may be beneficial for the entire blockchain ecosystem. We can also wonder about the consequences of this update on the price of Ethereum as well as the entire cryptocurrency market. It is hard to know. There are a lot of things that should be taken into consideration: will The Merge be executed totally well? Will there be enough liquidity to drive up the price of the token? Will there be a lot of speculation? We don't know... Has The Merge already been priced before? Will this pricing happen when the consequences of The Merge overtake the speculation? The Merge and the other major updates that are coming will really mark a change of era in the ecosystem. We have had problems and seen a lot of projects bragging about being Ethereum killers. Ethereum is trying to calm everyone down to show that hard work pays off. It will be very hard to get ahead of ETH. That said, it remains to run, and everything happens. If all goes well, then Ethereum will reign and dominate even more. It will be interesting to follow the new updates and we will, of course, write articles about these topics. Follow Bitget Academy for more insights: Twitter | Telegram | LinkedIn | Facebook | Instagram

Bitget Market Update (2022-07-01)

The global cryptocurrency market cap is standing at $870B, meaning a 0.04% increase from the previous day according to Coinmarketcap data. The total 24-hr Trading Volume for all Cryptocurrencies stood at $74.7B a 21.72% increase from the volume of the previous day. Bitcoin (BTC) has traded between the price of $18,729.66 and $20,632.67 within the last 24 hours, as of 07:00 AM (UTC) Bitcoin is trading at the price of $19,384.99 which shows a 1.37% increase from the last 24hrs, according to Coinmarketcap data. Most major cryptocurrencies by market cap are increasing in value. Today’s Top 3 Gainers of the market include: 1st Place CUBENETWORK/USDT: Up by 28.6% Cube Network embraces “Chaos” consensus that comes with high throughput, decentralization, security, and fast transaction confirmation. A decentralized cross-chain communication protocol named ”Time Crossing” is also used in Cube Network. With “Time Crossing”, cross-chain DeFi contracts can be called and are compatible with the Cosmos IBC protocol, enabling seamless migration of applications within the ecosystem. With a market cap of $64,175,185.24 and trading volume of $6,238,884.30, Cubenetwork is trading at a current marke t price of $1.64. 2nd Place RBN/USDT: Up by 20.55% Ribbon Finance is a decentralized platform that provides crypto traders with access to structured products that seek to drive yield. Ribbon Finance vaults include support for AAVE, ETH, USDC, wBTC, stETH, yvUSDC, AVAX, and SOL. with a total market cap of $39,368,712.37 and a trading volume of $1,255,944.85, Ribbon finance is trading at a current market price of $0.254. 3rd Place VOLT/USDT: Up by 19.25% olt Inu ($VOLT) is a hyper-deflationary token whose aim is to invest in multiple asset classes such as NFTs, nodes, altcoins, staking farming of stablecoins. This investment diversity allows to mitigate the risk while taking advantage of the possible non-correlated growth of the trending assets. With a market cap of $45,468,861.08 and a trading volume of $3,118,860.50,Volt is trading at a current market price of $0.000001. Most Interested Topics What Is the Bitcoin Bull Market Support Band? Blockchain101: What is Play to Earn (P2E)? 3 Ways Going Short Helps the Long Game Follow Us For More Insights Twitter | Telegram | LinkedIn | Facebook | Instagram

Bitget Welcomes Gracy Chen As Managing Director

Bitget marked the first major hire of 2022 with the appointment of Gracy Chen as Managing Director, who will lead Bitget’s growth strategies at a time of hyper-global expansion for our platform. Accelerating Bitget’s global expansion We are thrilled to announce the appointment on June 1st, 2022 of Gracy Chen to the newly created position, Managing Director. Having witnessed the tremendous growth at Bitget since its launch in 2018, Chen was inspired to rejoin the Fin-tech industry and devote her full attention to the crypto space. Upon her appointment, Chen will oversee the growth and expansion of global markets, strategy, execution, business, and corporate development of Bitget. She will also be elevating Bitget’s voice and presence in the broader crypto ecosystem and assisting the brand to further flourish under her leadership. Bitget’s commitment to providing first-rate services has resulted in our customer base of more than 2 million users from over 50 countries around the world. Earlier this year, Bitget has been growing at an unprecedented pace with our derivatives trading volume reaching an all-time high of $8.69 billion, representing a 300% growth when compared to the previous year. A journey to foster the expansive bridge to the vast web of crypto “It is an exciting time to join a crypto platform that is leading the growth in global derivatives trading. I have always been an avid investor in crypto and related ventures. As an early investor of BitKeep, Bitget’s sister company, and Asia’s leading decentralized wallet, I have witnessed the brand’s development and growth throughout the years. I am elated to be joining an organization full of driven and intelligent individuals, and to guide Bitget to chart even higher growths as the portal that transcends Web2 and Web3, connecting CeFi and DeFi, resulting in an expansive bridge to the vast web of crypto.” said, Gracy Chen. Chen joins Bitget having held executive roles at XRSPACE, a VR technology company headquartered in Taipei. Invited by Peter Chou, Chairman of XRSPACE, Chen oversaw and led the marketing and business development functions, as well as government and public relations in the region. Formerly an anchor and producer at Phoenix TV’s technology and finance channel, one of the largest media conglomerates in China, Chen has reported on financial news and events extensively, including the World Economic Forum. Chen was named a Global Shaper by the World Economic Forum in 2015. A graduate of the National University of Singapore, Chen will also be pursuing an MBA degree at the Massachusetts Institute of Technology.