Worldcoin (WLD) Soars 33% After Listing on Major Crypto Exchanges Despite Criticism and Concerns Over Circulating Supply
Worldcoin (WLD), the token of the World ID project founded by OpenAI co-founder Sam Altman, has seen a 33% gain in value after being listed on major crypto exchanges on July 24. Despite criticism from some in the crypto sector, WLD's performance on its first day of trading surpassed that of Bitcoin, Ether, XRP, and other cryptocurrencies. However, some traders are concerned about WLD's circulating supply versus its supply cap, as only 1% of the total supply is currently in circulation.
XRP Wallets Holding More Than 100 Million Tokens Surge to 199, Dominating Crypto Trade Volume and Social Conversations Despite SEC Appeal
As the SEC's appeal against Judge Analisa Torres' ruling looms, the XRP community is witnessing significant developments within the cryptocurrency's ecosystem. The number of XRP wallets holding over 100 million tokens has surged to 199, the highest level since May 13, and whale holdings have soared to $74 million, a three-month high. XRP's trade volume has also surged, making it the dominant force in the crypto market, surpassing Bitcoin and Ethereum.
Shiba Inu Surges While Ethereum and Cardano Experience Volatility
Shiba Inu (SHIB), a meme-based cryptocurrency known for its volatility, has surprised the market with a steady and sustained growth of over 20% during a period of correction. This unexpected rally has defied the usual reputation of SHIB as a highly speculative asset.
Shiba Inu Developers Tease Positive Developments for Ecosystem Post-Mainnet Launch of Shibarium
Developers of the Shiba Inu (SHIB) cryptocurrency are planning to introduce significant developments to the ecosystem after the launch of Shibarium's mainnet. Lucie, a marketing specialist for Shiba Inu, has hinted at positive developments coming in the near future, although no details have been provided.
ZenGo Launches Premium Subscription for Enhanced Crypto Security
ZenGo, a mobile wallet for cryptocurrency, has launched a new premium subscription called ZenGo Pro that costs $20 per month. This subscription offers extra security features for users who have a lot of crypto assets or are concerned about security. The app has been redesigned, and basic accounts remain free. ZenGo Pro users can require a face scan for outgoing transactions, and the company wants to create a software solution for easier inheritance. ZenGo has attracted over one million downloads, and its users have processed more than $1 billion in transaction volume. ZenGo CEO Ouriel Ohayon believes that the key to their new product is aligning user interests with the company's without adding fees. Ohayon believes their innovative business model will create a sustainable and controlled recurring revenue stream for the company.
Top 3 BRC-20 Tokens by Market Capitalization in July 2023 and Other Tokens to Watch
BRC-20 tokens are a new type of fungible token that are minted directly on the Bitcoin base layer using Ordinal Theory. They are similar to ERC-20 tokens on Ethereum but are immutable and cannot be modified. The top three BRC-20 tokens by market capitalization as of July 2023 are ORDI, VMPX, and PIZA, with other tokens to watch including PepeBRC, Wojak Coin, and CNCL. While the BRC-20 token market is still in its early stages and is a high-risk investment, it has the potential for significant growth and could be a good way to get exposure to the Bitcoin ecosystem. It is important to do your research before investing in any cryptocurrency or service.
'X' Altcoin Explodes 1,000% Following Elon Musk Twitter Rebrand
Following Elon Musk's announcement to rebrand Twitter as X.com, an obscure cryptocurrency called X linked to a now-closed NFT marketplace has surged over one thousand percent, with a 1,047% increase in the past 12 hours, according to CoinGecko. The X token was trading at $0.00002 on Sunday with virtual zero volume and liquidity, but by Monday morning in Asia, it had pumped to $0.00025, with volume surging to $50,000, mostly on the SushiSwap decentralized exchange. The unrelated token is linked to the X NFT marketplace, which announced its closure in May, and its website states that the treasury of around $950,000 was being returned to X token holders.
XRP's Market Indicators Turn Bearish Despite Recent Price Increase and Popularity on LunarCrush
XRP has recently become the fourth largest cryptocurrency by market cap, surpassing BNB. However, its price has turned bearish, causing concern about its ability to maintain its position. Despite this, XRP remains a popular topic in the crypto community and is trending at number one on LunarCrush. However, its metrics and indicators have turned bearish, with its MVRV Ratio and network growth both declining.
Elon Musk Explains Why Dogecoin is His Favorite Cryptocurrency
Elon Musk, the CEO of Tesla, has been known for his support of Dogecoin, a meme cryptocurrency, and its impact on its value. During his appearance at the Wall Street Journal CEO Council Summit in Q2 2023, Musk explained that his love for Dogecoin goes beyond its capabilities in the crypto market and is more related to its humorous nature.
TRM Labs Report Reveals Mounting Evidence of Cryptocurrency Use by ISIS and Supporters in Asia
TRM Labs, a blockchain intelligence platform, has released a report that reveals the use of cryptocurrency by ISIS affiliates in Asia. The report highlights on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria. The majority of transactions linked to the cases involved the use of Tether (USDT) on the Tron network (TRX). TRM Labs was able to identify the flow of funds and notify the exchange used by the group for cashing out their funds, resulting in the arrest of a senior ISIS fundraiser by Turkish authorities.
