GM Readers!📪 It's BitDegree Insider, and it is Wednesday my dudes.
⭐️Today's selection:
- 🧋Wednesday Bubbles
- 🐋Becoming a Crypto Whale
- 👌Selected Meme of The Day
- 📰Bite-Sized News
WEDNESDAY BUBBLES
It's Wednesday. Time to check those bubbles out.
RUNEAlso known as THORchain.
THORChain experienced a 60% increase at its peak, which is related to the launch of its own lending protocol.
This will be the first lending protocol on the native Bitcoin blockchain.
Additionally, this lending feature will trigger a deflationary system for RUNE token, through the burning of fees.
Meanwhile, their other product, ThorSwap, set a new record. Someone traded 2150 $ETH for 2,500,000 $RUNE.
TONUnderstanding the essence here is simple. TON is increasingly being integrated into the Telegram application.
As soon as Telegram releases a significant update, it may also affect the price of TON, depending on how well the audience receives the update.
Based on the token's performance, you can make a guess as to how users have reacted to at least one of the recent features: Stories in Telegram.
ILVThe movement in price is as simple as the sale of new NFTs – in-game accessories for the Illuvium game (BETA).
The prices of these NFTs were set in other Illuvium-related tokens (yes, they have more than one), yet this positively impacted the main token.
Overall, this is not their first sale; they have already raised a lot of money.
Of course, the game's release date is not yet known; projects are often unwilling to roll out all the juices during a bear market. As well as - proper development really takes time!
Moreover, another interesting thing to consider:
From the users' perspective, why do they continue to pay for Illuvium NFTs repeatedly?
The answer is simple: there aren't many AAA blockchain games in development, so people are still taking a risk by betting on Illuvium to be at the top of blockchain games.
This means that new non-web3 users may join, and to play or upgrade their in-game equipment, they will have to purchase it from early investors.
Always do your own research, though. These are super risky moves, and those who invest in such NFTs really know what they are doing and where they can afford to lose money.
It appears that the calmness of zen is only being practiced in the Bitcoin garden. And even that's not a given. Here, let's talk about it.
Okay, so all these were the green bubbles. What about the red ones?
BitcoinBitcoin Volatility at a historical minimum - the price has remained without major fluctuations for a long period of time.
Also, an interesting fact.
The CEO of Huobi, Justin Sun, revealed on X (Twitter…) that he holds more than 100,000 Bitcoin, which is approximately $2.917 billion. Additionally, Justin believes that the use of USDT on the Tron network for trading BTC will positively affect the growth of the leading cryptocurrency.
Admit it, whales. How much Bitcoin do you hold?
And lastly, here's a fun, and quite an epic, fact.
It's official. Memecoin SHIB flips MATIC in market cap.
BECOMING A CRYPTO WHALE
Not everyone begins their crypto journey already being a whale.
It's easy for those who were the ones to create the industry (for example, Satoshi Nakamoto holds over 1 million Bitcoin) or someone who grabbed those crypto bags before the world realized their potential (CZ, Brian Armstrong, Michael Saylor, etc.).
The thing is, when we're talking about whales, we're talking about billions of $$$.
But new whales emerge, and among them - someone who started their journey from the bottom.
And it always begins with the first purchase.
Here, at BitDegree, we prepared a new review for you, a review about a popular crypto platform - MoonPay.
We took a deep dive into it and found everything it has. The good, the bad, and the to-be-improved (Check the review to see what we mean).
But, taking everything into account, we have concluded that MoonPay could be every crypto beginner's gateway platform to Web3.
Thinking of obtaining your first fraction of Bitcoin? You can definitely do so on MoonPay.
SELECTED MEME OF THE DAY
BITE-SIZED NEWS
- Abu Dhabi's M2 Steps into the Virtual Asset Spotlight with FSRA Nod. M2 claims its platform will hold "the highest levels of trust, security and integrity in the emerging virtual asset class."
- New FCA Rules Drive Temporary Change in PayPal's Crypto Services in the UK. After major moves in the crypto landscape, PayPal is now restricting crypto purchases for its customers in the UK.
- Federal Bureau of Investigation Confiscates Almost $2 Million Worth of Crypto. In only three months, the FBI seized significant amounts of Bitcoin, Ether, Tether, Dai, and Monero.
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