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🔥🔥 coins that are likely to x100 next month🚀

**4 Promising #Altcoins to Watch in the Upcoming Bull Run

The cryptocurrency market is always volatile and full of surprises, In the current context, several altcoins are showing significant signs of price increases, attracting the attention of the investment community, Here are 4 promising altcoins to watch in the upcoming bull run

#Pepe (PEPE)
Pepe, perhaps the most popular memecoin lately, has recorded an 8% increase in a short period. Pepe has not only made a big difference in the memecoin portfolio but also in the overall altcoin market, bringing joy to its investors. If the memecoin trend continues, Pepe could witness even higher price increases.
#Wormhole (W)

W, one of the newest altcoins from the Solana ecosystem, has surprised everyone by showing a recovery trend. After following a downward path since its launch, W has climbed to the second position in the list, rising 4% in the last 24 hours.
#FLOKI🔥 (FLOKI)
FLOKI, one of the prominent representatives of the dog-related memecoin group, has increased by 2% in the last 24 hours. With this development, the popular coin sitting at the fourth position in the list has sent a strong signal on behalf of the memecoin trend. FLOKI could be a key factor in creating the hype around meme coins, especially the dog group.
#Internet Computer (ICP)
ICP, one of the most popular altcoins from the 2021 bull run, has been able to maintain its strength despite the price decline of Bitcoin (BTC). ICP, with a 1.50% performance in the last 24 hours, has made it to the list from the fifth position.

These altcoins are showing significant signs of price increases and have great potential in the upcoming bull run. However, investing in cryptocurrencies always comes with risks, so make sure to do thorough research before making any decisions.

🚨Ethereum’s Epic Moonshot: Buckle Up for a $4.1K Odyssey🚀
Ethereum’s Potential: A Rally in the Making?
As the cryptocurrency market ebbs and flows with the tides of global finance, Ethereum emerges as a beacon of potential amidst the uncertainty. Recent analyses suggest that Ethereum is not just idly waiting for change but is actively showing signs of an impending rally. Market analysts are closely monitoring a set of indicators that could signal a breakout, setting the stage for a significant upswing in value.
The Path to $4.1K: Indicators and Predictions
The journey to a $4.1K Ethereum is paved with keen observation and strategic anticipation. Analysts are watching for a confluence of technical and fundamental indicators that could confirm the rally’s onset. Among these indicators, transaction volume, active addresses, and network utilization rates are key metrics providing insights into Ethereum’s momentum.
Economic Data: The Catalyst for Movement
While the crypto community watches the charts with bated breath, it’s the broader economic data that could serve as the catalyst for Ethereum’s movement. Investors are advised to keep a close eye on upcoming economic reports, as they could provide the impetus for Ethereum to reach, or even surpass, the anticipated $4.1K threshold.
A Call to Action for Crypto Enthusiasts
For those looking to capitalize on Ethereum’s potential, now is the time to stay informed and be prepared to act. The market waits for no one, and the signs are aligning for what could be a historic rally. Whether you’re a seasoned investor or new to the crypto scene, the message is clear: Ethereum’s potential is knocking – will you answer?$ETH

“#Bitcoin Faces Downward Pressure, Could Test Key Support Levels”☠️
Bitcoin continues its downward trend after failing to surpass the critical resistance threshold at 67,000 USD. The leading cryptocurrency has declined from the resistance level of 66,850 USD, and is now at risk of falling below the support level of 65,500 USD.
In recent trading sessions, Bitcoin was unable to maintain its price above 67,000 USD and has started to decline. It is currently trading below 66,800 USD and under the 100-hour simple moving average. A breakdown occurred below the uptrend line, connecting with the support at 66,500 USD on the hourly chart of the BTC/USD pair.
If the downward trend continues, Bitcoin could trade below the support level of 65,500 USD. The price has fallen below the 23.6% Fibonacci retracement level of the upward move from the low of 65,075 USD to the high of 66,868 USD. There is a possibility that the price will test the 50% Fibonacci retracement level of the same upward move.
On the upside, Bitcoin is encountering resistance near 66,500 USD and the 100-hour simple moving average. The next resistance level could be 66,850 USD, followed by 67,000 USD. A clear move above the 67,000 USD level could initiate a new increase, pushing the price higher.
In case of an increase, Bitcoin might test the resistance at 66,000 USD. Any further gains could lead Bitcoin towards the resistance level of 68,500 USD in the near future.
However, if Bitcoin cannot overcome the resistance at 66,500 USD, it may continue to move downward. Immediate support on the downside is near 66,000 USD. The first major support level is 65,750 USD, and the next support is forming near 65,500 USD. Any further losses could push Bitcoin towards the support zone of 65,000 USD in the upcoming period.$BTC

source: newsbtc

Former Binance CEO Changpeng Zhao Becomes BNB Billionaire With $39 Billion Asset Holding

Changpeng Zhao (CZ), the founder and former CEO of cryptocurrency exchange Binance, has become a BNB billionaire due to the large amount of tokens he holds. A latest report reveals that CZ owns 64% of the circulating supply of BNB, the native token of Binance.

Massive Value of BNB Asset Holding

With BNB's current price at $593, CZ's BNB holdings are worth around $39 billion. This figure makes him one of the wealthiest individuals in the cryptocurrency technology industry.

BNB - Binance's Utility Token Centerpiece

BNB is the central utility token of Binance, used for paying trading fees and rewards on the platform. The token has a maximum supply of 200 million, with over 153 million BNB currently circulating. BNB's current market capitalization exceeds $91 billion.

$61 Billion Net Worth and Lawsuit with U.S. Government

According to Forbes' estimates, Changpeng Zhao's net worth stands at $61 billion, making him the 24th richest person in the world. However, in 2023, the U.S. Department of Justice indicted Zhao and Binance for alleged violations of sanctions and money laundering laws.

Settlement Deal and Prison Sentence

As part of the settlement deal, Zhao pleaded guilty and agreed to step down from his leadership role at Binance. The deal also included a $50 million fine for Zhao and a $4.3 billion fine for Binance. Zhao was also sentenced to four months in prison in relation to the case.

Despite this, with his massive BNB asset holding, Changpeng Zhao remains one of the wealthiest individuals in the global cryptocurrency technology industry.$BNB

🚨🚨Will eth go down again?☠️☠️

#Ethereum Faces Downside Risk After Fed Rate Decision

#Ethereum (ETH) is struggling to break above the $3,650 resistance and has been pushed back after the Fed's rate hike decision. The price is currently below $3,550, showing signs of a potential selloff.

Fresh Downtrend Emerges Below $3,580

#ETH has entered a fresh downtrend below the $3,580 support and the 100-hour SMA. A descending trendline is forming with resistance at $3,610.

Key Resistances at $3,600 and $3,650

The initial major resistance is $3,600, close to the descending trendline. A break above $3,600 could open the path towards $3,650. Clearing $3,650 could then push the price towards $3,720.

Potential Upside Towards $3,800 and $3,880

A clear move beyond $3,720 may allow for a test of $3,800, followed by the $3,880 resistance if the uptrend continues.

Deep Downside Risk if $3,600 Remains Unbreached

Failure to overcome $3,600, #ETH could extend its decline. The next supports are $3,480 and $3,420. A break below $3,420 could then drag the price towards $3,320 and $3,250.$ETH

🔥🔥Is this the time to increase the price of memecoin pepe🚀🚀

Meme Coin PEPE Witnesses Strong Price Surge on Binance

The meme cryptocurrency PEPE has just experienced a significant price surge on major crypto exchange Binance. PEPE's value has skyrocketed, currently trading nearly on par with another coin named IO on the same exchange.

According to trading data, PEPE has gained around 10% in the recent session, becoming the second-largest gainer among cryptocurrencies on Binance. This upward price movement is notable as PEPE had been on a downtrend for over 2 weeks but never completely plunged below a certain price level.

PEPE Technical Analysis: 30% Upside Potential in 3 Weeks?

PEPE's recent price uptrend could signal that this meme coin still has room for further growth in the future. Technical analysis suggests that if the daily candlestick closes at the current market price of $0.00001293, PEPE could potentially rally by 30% over the next 3 weeks.

The price surge of PEPE is believed to be driven by the appeal of meme tokens to the entertaining investor community, who often trade these unconventional and unpredictable cryptocurrencies.

The steady liquidity on Binance has contributed to fueling PEPE's strong price increase in recent times. Many analysts note that if PEPE's uptrend momentum continues to hold, this meme coin could become the center of attention in the cryptocurrency market over the coming weeks.$PEPE

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#Bitcoin Price Faces Selling Pressure Below $68,000, Awaits Fed Rate Decision

#Bitcoin (BTC) is witnessing a prolonged decline, breaking below the crucial $67,500 support level. The world's largest cryptocurrency is trading below $68,000 and the 100-hour moving average. A descending trendline is forming with resistance at $68,650 on the hourly BTC/USD chart.

Bitcoin's Recovery Potential Limited by $68,500 Resistance

While a short-term recovery is possible, Bitcoin's upside is capped by the critical $68,500 resistance. The price has been unable to break above this level due to strong selling pressure, instead dropping below $68,000 and $67,000.

Bottom at $66,059 - Resistances at $68,000 and $68,500

#Bitcoin has tested the $66,000 area, establishing a bottom at $66,059. It is currently consolidating above the Fibonacci 23.6% retracement level. The $68,000 resistance (50% Fib retracement) and $68,500 (near the descending trendline and 100-hour SMA) are key hurdles.

Upside Opportunity if $68,500 is Cleared

A clear break above $68,500 could potentially push Bitcoin towards $69,000 and $70,200 in the near future.

Risk of Deeper Declines if $68,500 Remains Unbreached

Failure to overcome $68,500 could trigger a fresh downtrend for Bitcoin. Immediate supports are $66,700, $66,200, and near $66,000. Any further losses could then drag the price towards the $65,500 area.$BTC

Read more: www tokyodefi jp

🚨XRP Price Forecast Shows Steep Decline - Major Support Risks Breaking☠️

XRP's price is struggling to recover above the $0.5050 resistance zone. After an attempt to push prices above $0.500, the bearish momentum has returned, and the price is currently trading below $0.480 - a crucial support level.

XRP Technical Analysis at the Current Stage

There has been a breakdown below the ascending trendline on the XRP/USD hourly chart from Kraken exchange.
The price is currently trading below the 23.6% Fibonacci retracement level of the recent recovery from $0.4533 to $0.5053.
The immediate resistance is near $0.4920, followed by $0.4950 and $0.500.
If the price closes above $0.500, the chances of a recovery towards $0.5250 will increase.
However, if it fails to clear the $0.4950 resistance zone, selling pressure could intensify, making it difficult for the $0.480 support to hold.

XRP's Downtrend Could Potentially Reach $0.4550

The secondary support is near $0.4740 if the $0.480 zone is breached.
A close below $0.4740 could open the doors for a sharp decline towards the $0.4550 area.
This scenario is likely if XRP continues to struggle at major resistance levels such as $0.500 and $0.5050.

Overall, XRP is facing the risk of a deeper decline if it fails to break through key resistance levels in the near term. Traders should closely monitor the support and resistance levels to make informed investment decisions$XRP

**3 Top Cryptocurrencies with Remarkable Growth Potential

#Bitcoin #Ethereum and #shiba Inu are three leading cryptocurrencies with the potential to deliver sustainable profits in the long run, With the ever-growing cryptocurrency industry, these digital coins have proven their strong standing and impressive price appreciation potential

Bitcoin - The King of Cryptocurrencies

Bitcoin is regarded as the first and foremost cryptocurrency, Introduced in 2008, Bitcoin has weathered many ups and downs and continues to reach new all-time high prices, With increasing stability and widespread adoption, Bitcoin is expected to continue its upward trajectory in the future, According to CoinCodex, Bitcoin could reach $117,826 by the end of 2024, an increase of 65,41% from its current level

Ethereum - The Backbone of Web3

Ethereum is the second-largest cryptocurrency by market capitalization and plays a crucial role in the rapidly growing Web3 ecosystem, With continuous technological improvements and the emergence of Ethereum ETFs, the price of this cryptocurrency is predicted to surge in the coming years. CoinCodex forecasts that Ethereum could reach $6,744.64 by the end of 2024, an increase of 77,93% from its current level

Shiba Inu - The Legendary Meme Coin

Shiba Inu (SHIB) took the market by surprise in 2021 with its meteoric price rise, turning many investors into billionaires, Although SHIB's price has adjusted since then, its potential for further growth remains substantial, With support from a massive community and the growing trend of meme coin price surges, SHIB is expected to continue its strong bullish momentum, CoinCodex predicts that SHIB could reach $0,000118 by the end of 2024, an increase of 368,30% from its current level

With these impressive price appreciation forecasts, Bitcoin, Ethereum, and Shiba are becoming attractive choices for cryptocurrency investors worldwide, However, investing in cryptocurrencies always carries high risks, and investors should carefully consider their options before making any decisions,$BTC $ETH $SHIB

🔥Can the Meme Coin #DogWifHat (WIF) Explode This Weekend?🚀

DogWifHat (WIF), the hot meme coin on the Solana network, is garnering significant attention from the cryptocurrency investor and enthusiast community. According to data from CoinGecko, WIF is currently trading around $2.71, down 6.6% in the last 24 hours. However, many are still hopeful that WIF will soon set a new all-time high (ATH).

WIF's incredible popularity is attracting the attention of analysts, with new predictions about the future prospects of this meme coin.

According to an anonymous analyst on the social media platform X, "DogWifHat's current price action reflects another bullish momentum, aiming to set a new ATH." The analyst believes WIF will soon surpass the $4 threshold.

Similarly, the cryptocurrency data analysis platform CoinCodex has also made comparable price predictions for this coin, stating, "WIF could rise to trade at a new target price of $4.22 within the next five days. It could even surge to $4.81 before June 13th."

With a bright and favorable June outlook, analysts are expecting WIF to potentially break its ATH record in the near future.

However, it's crucial for investors to exercise caution and practice comprehensive risk management when participating in the highly volatile cryptocurrency market.$WIF

#Toncoin (TON) Price Prediction for the Weekend: Can TON Reach $8?

#Toncoin (TON), the native cryptocurrency of the TON blockchain, has been the subject of much speculation as investors and traders eagerly await price action over the weekend. Many are wondering whether TON can break through the $8 resistance level in the coming days

Crypto experts at Changelly have weighed in on the matter, providing their forecast for TON's price over the weekend. According to Changelly's analysis, the minimum trading price for TON this weekend could be $7.2, while the maximum could reach $8.9. This prediction suggests that Toncoin is expected to trade within a narrow range, with some volatility likely to occur

Notably, the experts predict that TON's average price could hover around $8.2 during this period. This average price is higher than the current trading price of $7. However, it's important to note that these predictions are based on various factors, including market sentiment, technical analysis, and historical price movements

At the time of writing, Toncoin (TON) is trading at $7, down 4% in the last 24 hours. TON's 24-hour trading range has been relatively narrow, with a low of $6.97 and a high of $7.43. Despite the recent dip, it's worth noting that TON reached an all-time high of $7.78 just two days ago

Currently, TON may present a potential investment opportunity for those who believe in the platform's long-term prospects. According to experts, the TON ecosystem is continuously expanding, encompassing various segments such as gaming, decentralized exchanges (DEXs), non-fungible tokens (NFTs), staking, wallets, and explorers. TON is designed to handle millions of transactions per second, with the goal of reaching hundreds of millions or even billions of users in the future

However, it's crucial to approach the market cautiously and maintain realistic expectations. While expert predictions can provide valuable insights, the cryptocurrency market is notorious for its unpredictability, and even the most promising projects can experience shortterm volatility.

🚨BONK Price Analysis: A Buying Opportunity or Continued Downtrend?🚀🚀

According to technical analysis, the price of BONK (BONK) is still trading near its moving averages, indicating low trading activity. Although BONK was heavily sold at $0.000033 and fell below the Fibonacci channels, the price has recovered and is currently consolidating around $0.0000284, up over 3% in the last 24 hours.

The moving averages are sloping downward, and the RSI indicator is at a moderate level, suggesting the downtrend may continue. However, if BONK breaks and closes above the current consolidation area, it could signal a recovery, pushing the BONK/USDT pair to the $0.0000369 resistance level. Further buying pressure could drive the price up to $0.000048.

On the other hand, if the price falls below the $0.000024 support level, the uptrend pattern could be invalidated, causing the BONK/USDT pair to decline to the $0.000017 support level.

Investors should closely monitor price movements and trading volume to make informed investment decisions while carefully managing risk.$BONK $BTC

🚨🚨Ripple Sells 150 Million XRP Tokens: Impact on Price and Bullish Prospects🚀🚀

Ripple sold 150 million XRP tokens (around $78 million) on June 7th. This is part of 1 billion XRP unlocked monthly from the company's escrow fund, a process that will continue until 2027. This sale has raised concerns about the potential impact on XRP's price, especially in the context of XRP's price decline of over 18% since the beginning of the year.

Although Ripple has stated that selling XRP does not affect prices on exchanges, this sale will increase XRP's circulating supply, which could put downward pressure on the price. However, some analysts predict that XRP will experience a massive price surge in the future, with gains of up to 28,900% and a price of $154.

Analyst Javon Marks pointed out that the "Hidden Bullish Divergence" pattern has formed on the XRP chart, indicating significant upside potential. Previously, XRP had surged more than 63,000% in less than a year when this pattern last appeared.

Currently, XRP is trading around $0.49, down more than 4% in the past 24 hours. Despite the current downtrend, analysts remain optimistic about XRP's prospects for a strong bullish rally in the future.$XRP

🚨🚨Does the opportunity x100 account🚀🚀

#playdoge The Next 100X Meme Coin? Presale Nears $3M with Promising P2E Gaming

#PlayDoge (PLAY), the new meme coin project combining cute digital pets and Play-to-Earn rewards, is rapidly gaining traction as its presale nears the $3 million mark, With its unique blend of nostalgic gaming and DeFi utilities, some investors are speculating if PLAY could be the next meme coin to surge 100x

Unlike typical meme coins that rely solely on hype, PlayDoge offers an immersive gaming experience where players nurture virtual Doge companions through mini-games and challenges to earn PLAY tokens, These tokens can then be staked to generate passive income with an estimated annual yield of 107%

The project has already seen over 176 million PLAY tokens locked up, indicating strong interest in its staking opportunities. Additionally, PlayDoge incorporates elements like leaderboards and competition, adding depth to the gameplay loop

With its retro 8-bit graphics, pixel art pets, and side-scrolling mini-games reminiscent of '90s arcades, PlayDoge taps into a nostalgic vibe that resonates with many gamers, This, combined with its actual utility, sets it apart from countless meme coins with no real use case

The presale's rapid progress, raising nearly $3 million in just 10 days, showcases the excitement surrounding the project, Early investors can acquire PLAY tokens for just $0,00504 using various cryptocurrencies or fiat

While a 100x gain would result in an ambitious $4,7 billion market cap based on PLAY's total supply, the meme coin space has seen stranger successes, If PlayDoge's team can deliver an engaging gaming experience, it could potentially become the next big crypto hit

However, as with any investment, caution is advised, and investors should conduct thorough research and manage risks effectively, The project's ability to execute its roadmap and retain user interest will ultimately determine its long-term viability and potential for substantial gains

🚨#Bitcoin to Hit Bottom around $47,000? Analyst Forecasts Massive Sell-Off☠️

#Bitcoin has recently seen muted price action around the $71,000 level after an extended rally of over a year. However, cryptocurrency analyst Alan Santana has analyzed historical trends and forecasts the possibility of an imminent sharp sell-off.

Prolonged uptrends are often followed by steep declines happening 2-2.5 times faster when investors take profits. According to Santana's observations, the recent 479-day uptrend from November 2022 to March 2024 could trigger a major correction.

His analysis suggests the sell-off could see Bitcoin decline over 30% from the current $71,000 level. The chart predicts an initial drop to around $60,000 before further declining towards the $47,943 area – the projected low for this corrective move.

If such a scenario plays out, Bitcoin's price would plummet around 33% from the top, causing significant negative ripple effects across the broader cryptocurrency market. Investors need to brace for this possibility and closely monitor price action for timely decision-making.

However, it's important to note that analysis is speculative, and actual trends can be influenced by multiple factors difficult to predict accurately. Therefore, caution is advised in investment decisions and effective risk management is crucial.

*While concerning, the projected sell-off remains a forecast based on historical patterns. Bitcoin's future trajectory will ultimately be determined by market forces of supply and demand. Investors should stay vigilant and avoid overreacting to any extreme projections.$BTC

🔥🔥#XRP Near Testing Crucial Support: Will It Recover?🚀

#XRP's price has recently come under heavy selling pressure after failing to break past the critical $0.5320 resistance area. The cryptocurrency is now testing the crucial $0.5180 support level, and could even decline further towards the $0.5120 support zone.

Recent price action shows XRP had rallied strongly, surpassing the $0.5265 level before facing intense selling pressure that forced the coin to correct lower. A new high was established at $0.5325, but increasing selling pressure quickly pushed prices back below $0.5250 and the 100-hour SMA.

Currently, the price is oscillating near the 61.8% Fibonacci Retracement level of the upswing from $0.5080 to $0.5325. If selling pressure intensifies further, XRP could decline deeper towards the critical $0.5120 support level. A breakdown below this could open the path towards $0.5020.

However, if the corrective phase ends here and buying interest resurfaces, XRP could regain ground and break above the current descending trendline to retest the $0.5250-$0.5300 resistance zone. A strong breakout above $0.5320 would open further upside towards $0.5450 and $0.5520.

=>Investors should closely monitor the price action around these key support/resistance levels for potential trading opportunities. Closing prices above or below these critical thresholds will dictate XRP's next directional move.$XRP

🚨Dogecoin Poised to Enter 'Expansion Phase' - $12 Target Not Far-Fetched☠️

#Dogecoin (DOGE), the famous meme coin, is receiving significant attention from cryptocurrency analysts with expectations of a strong price surge in the current market cycle. Crypto analyst Crypto Kinfolk has provided an in-depth analysis of DOGE's growth potential, setting an ambitious target of reaching $12.

#Dogecoin's Remarkable History of Price Surges

In the past, Dogecoin has witnessed astonishing price rallies during the 2017-2018 and 2020-2021 market cycles, with gains of 21,000% and 50,000%, respectively. This suggests that the meme coin could continue to perform well in the current market cycle.

The Expansion Phase and Ambitious Price Targets

According to Crypto Kinfolk's analysis, Dogecoin has now exited the accumulation phase and is entering the "expansion phase." This opens the door for significant growth in the coming period.

The analyst has set three ambitious price targets for Dogecoin during this expansion phase:

1. First target: $4.20 (a 2,500% increase from the current price)
2. Second target: $10.10 (a 6,100% increase)
3. Third target: $12 (a 7,200% increase)

Prospects and Risk Warnings

While the $12 target may seem ambitious, Crypto Kinfolk's analysis shows that it is not far-fetched considering Dogecoin's remarkable history of price surges in the past.

=>However, investors should exercise caution and manage risks appropriately, as the cryptocurrency market is highly volatile, and there is no guarantee that history will repeat itself. Portfolio diversification and risk management are crucial.$DOGE

🚨🚨 floki hopes to have x100 soon!!🚀🚀

#Floki Inu (FLOKI) Reaches New All-Time High, Fueling Attention to BNB Chain's Leading Meme Coin

Floki Inu (FLOKI), the leading meme cryptocurrency on the BNB Chain, has set a new milestone by reaching an all-time high price of $0.0003491, surging 15% over the past 24 hours. This increase came after DFW Labs announced a $12 million investment in the FLOKI token, solidifying its commitment to supporting the Floki ecosystem.

Major Investment and Floki Ecosystem Development

DFW Labs' investment adds to its previous $10 million purchase in March, which significantly boosted FLOKI's price. The collaboration between the two has played a crucial role in driving FLOKI's adoption.

#FLOKI🔥 is also preparing to launch the mainnet version of its flagship Valhalla metaverse game and other core utilities, garnering significant investor attention.

Increasing Holder Count and Massive Market Cap

#Floki has achieved an important milestone with over 417,400 holders on the BNB Chain, cementing its position as the "dominating meme coin" with a $3 billion market cap, larger than all other meme coins combined.

FLOKI's daily trading volume also surged by 164% to $1.2 billion, reflecting the significant market interest in the token.

Growth Prospects and Risks

Although a recent 8% correction occurred, Floki Inu has a clear path for further growth, provided it can overcome the challenge of investors taking profits and selling.

Consolidation at the current price level will be crucial to sustaining the uptrend and facilitating a resumption of the bullish momentum as buying pressure continues to develop. $BNB $FLOKI

🔥Looking forward to the future🚀
#ChainGPT and #Arbitrum Collaborate to Usher in New Era for AI-Generated NFTs

-In the age of AI and the rise of digital art, the collaboration between ChainGPT and Arbitrum has ushered in a new era for creating and minting AI-generated NFTs, This is a significant step towards enhancing user experience and scalability for the rapidly growing NFT market

*Seamless and Scalable AI NFT Generator

-ChainGPT, an AI-powered Web3 infrastructure, has integrated with #Arbitrum the leading #Ethereum Layer 2 scaling solution, to provide a seamless and scalable AI NFT Generator, Through this combination, users can create and mint NFTs directly on the Arbitrum chain using ChainGPT's simple chat interface

*Intuitive Interface and Diverse Content Creation

-ChainGPT's AI NFT Generator features an intuitive and user-friendly interface, allowing users to create diverse NFT content simply by inputting text, It supports multiple creative ideas without requiring fixed prompts, providing a comfortable experience for creators

*Benefits and Future Prospects

-The combination of Arbitrum's scalability and ChainGPT's advanced AI infrastructure makes NFT creation more accessible for mainstream Web3 users, ChainGPT's AI NFT Generator has produced over 22 million digital artworks, including thousands of NFTs on the Arbitrum network since the partnership began

*This collaboration demonstrates the value of the AI NFT Generator for creators and affirms its position as a suitable platform for minting AI-generated NFTs, With the rapid advancement of AI and digital art, this partnership opens up new prospects and vast potential for the NFT market in the future, $ARB $ETH
source newsbtc

#Bitcoin Hits New High of $71,000 Driven by Massive ETF Inflow Wave

Bitcoin, the world's leading cryptocurrency, reached a new all-time high of $71,166 on Binance today, rising 2.9% over the past 24 hours. This price surge was primarily fueled by massive inflows into U.S. spot Bitcoin ETFs.

Record ETF Inflows Propelling Bitcoin's Price Rise

The U.S. spot Bitcoin ETFs have witnessed large net inflows for 16 consecutive days. Yesterday alone, the inflows amounted to $886.6 million, with Fidelity leading the pack at $378.7 million, setting a new record for the fund.

Other major funds like BlackRock, Ark, Bitwise, Grayscale, and VanEck also recorded significant inflows. Notably, BlackRock's iShares Bitcoin ETF surpassed $20 billion in assets, becoming the fastest ETF to reach this milestone.

Stale Supply Limiting Price Upside

Despite the strong inflows, renowned crypto analyst Byzantine General noted that the price increase could have been more pronounced if not for the significant stale supply on spot exchanges.

Another on-chain analyst, Willy Woo, also warned that the continued rise could trigger a substantial short squeeze, with $1.5 billion in short positions ready to be squeezed up to $75,000 and a new all-time high.

Stable Futures Market and Upside Potential

Importantly, the price increase was not due to the liquidation of short positions in the BTC futures market, with only $27.58 million in shorts liquidated over the past 24 hours.

With the robust ETF inflows and stability in the futures market, Bitcoin could continue its upward trajectory, although supply issues and short squeeze risks may arise.$BTC