CryptocurrencyScripts

Tag: Ethereum

Neiro or BabyNeiro? Pick a side for the memecoin supercycle
When the owners of the deceased Kabosu dog announced the acquisition of a new Canine family member, they probably didn’t know they were triggering a memecoin frenzy. The regular memecoin trader would tip NEIRO to go all the way like DOGE. Technically, this should be the case despite the Kabosu-inspired cryptocurrency’s first-to-market advantage. Neiro is the ambitious newcomer, the several deployments of NEIRO and even related projects have grown thriving communities, reaching hundreds of millions in market cap, yet it seems the wave is turning into a supercycle.

A supercycle or a wave?

Just like memes are an invaluable part of the internet, memecoins herald the crypto space. One witty token after the other and a multi-billion dollar category emerges. Murad predicted a memecoin supercycle and the possibility of a trillion-dollar valuation for project(s) in this category. But whether he is right or not, memecoins are upsetting the crypto space and beyond. Several memecoin projects have shone through in the past few months; SPX6900, GIGACHAD, POPCAT, the super-cute Moo Deng, and the even cooler NEIRO, and now BabyNeiro.

Yeah I know, BabyNeiro is the less popular one on the list…

What is BabyNeiro?

I could introduce BabyNeiro as “the next 100X Ethereum memecoin”, but any experienced memecoin investor must have already learned to avoid ridiculously shilled memecoins as marketing jibes don’t really grow communities. Rather, insane communities build thriving memecoins. The BabyNEIRO ticker properly introduces the memecoin.

Scouting through the community and social engagements, BabyNeiro adopts a fashion akin to other ‘baby’ memecoins that have come through the ranks in the past like BabyDoge and BabyBNB. BabyNeiro pays tribute to every active $NEIRO memecoins with no particular reference to any of the different smart contract token deployments with the NEIRO ticker. Like every other memecoin, the goal is to build a functional community and drive value for the associated token. While the market decides the value of an asset, BabyNeiro moves away from the NEIRO controversy to build a progressive community.

Regardless of how anyone feels about memecoins and how many of them have fared in the past, ambitious communities account for a significant portion of the success the crypto space has enjoyed since the Bitcoin genesis block was mined. BabyNeiro is definitely not the next Bitcoin but could be the next memecoin you would be hearing more about.

Note that there could be several tokens with the BabyNeiro ticker. This article discusses BabyNeiro on Ethereum (Contract Address: 0xbabe3ce7835665464228df00b03246115c30730a)

Why BabyNeiro?

So why would anyone write a 1200-word article about a random memecoin why should you even spend your time to read beyond this point?

The Neiro Narrative

Dogs are the dominant animals in meme culture, cats come next but the gap is a wide one. When the dog comes from the same ranks as the face of the first-ever true memecoin, it’s sure to cause a wave. The NEIRO narrative has proven strong enough to sustain multiple memecoins on different chains. BabyNeiro taps from a strong narrative, one that is identified with dedicated communities and rapid industry adoption. It has done considerably well with this narrative and could continue on this path.

Relatively Low Market Cap

The most valuable memecoin with the NEIRO ticker has a $900 Million valuation at the time this article was written. Even though this particular has gone overboard thanks to that Binance listing, the least ‘surviving’ Neiro memecoin has a market cap of $4 Million. Comparatively, BabyNeiro has a total valuation of below $3.5 Million at the time of writing. Adjusted to social activity and available infrastructure, BabyNeiro could be undervalued, probably because influencers on X(.com) are yet to catch up on the new trend. We might be close to finding out the true value.

Similar growth pattern as BabyDoge

BabyNeiro is almost as old as the OG NEIRO tokens. Yet it has continued to build in silence. Genuine dedication has kept the project on its feet as investors watch on. This pattern is similar to that of BabyDoge. As the NEIRO narrative grows stronger, investors will be on the lookout for persistent projects along this line. Binance has shown an attraction to functional CTOs and could grow a preference for the structure established by the BabyNeiro community. BabyNeiro is the only Surviving memecoin project with the ticker.

Exponential metrics growth

BabyNeiro had a $1 Million market cap and just over 1,200 holders when I first came across it. It is almost 4 times more valuable at the time of writing and has added over 800 new holders. Social metrics like followers and posts per minute, and community metrics like members on the Telegram group have also grown at a comparable speed. This is a testament to the efforts made by the community.

Industry support

You can now store your BabyNeiro token on the Ellipal hardware wallet or simply track the asset on Coingecko – the most popular crypto asset tracker. Also, your favorite memecoin connoisseur could be ‘head over heels’ about it already. BabyNeiro easily catches the eyes of memecoiners and has joined a rapid fanfare. It is pulling the attention and support of reputable players in the crypto space. While this is not as important as the insane community behind it, it also contributes significantly to its growth.

Summary of Bullish Indicators for BabyNeiro.

Here are some positive indicators for the BabyNeiro memecoin
- Similar growth track as other successful ‘baby’ memecoins like BabyDoge
- Adopts a multi-billion dollar narrative.
- Considerably low market cap
- Supported by industry players
Neiro or BabyNeiro: Which memecoin should I buy

This is definitely a question every investor should answer for themselves. You could buy Neiro, the younger BabyNeiro, both, or even none. While this article obviously pays more attention to BabyNeiro, it is not financial advice and should only be considered as part of research for any investor. By staying away from the split between NEIRO communities, BabyNeiro is closer to building a unified community which is majorly positive for a project whose major value is built on community. The progressive structure, a Cute Pfp, and a relatively low market cap for an acknowledged ‘baby’ memecoin could be enough to tick the boxes for most investors. However, this might still be unconvincing for some other investors, and personal sentiments play a key role when investors click the ‘buy’ button for projects like memecoin. This is in fact, normal.

So, here’s a simple answer, buying any asset should be a personal decision and a decision made out of proper research

Closing up.

I stumbled on BabyNeiro as the community has taken the project on its backs, one raid after the other. This article is probably not your first time coming across it too, either way, the simple introduction doesn’t describe how much the several players in the community have committed to seeing the project get to its current level. It is almost impossible to predict the direction the project goes from here, but it has shown positive signs to this point. As always, always do your own research and note that this article doesn’t endorse any of the featured memecoin projects.

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14/10/2024
Snack Talk: The Steak

25 years is not exactly fitting for an $8 billion fraud, but the justice system is a ‘god’ figure and has a very little history of being queried successfully. The Luna guy is still being shipped through prisons; we might have a prison break soon. Wonder how many memecoins we’ll be getting from these stories? Should be a lot.

I’m taking some time off to add one more episode to this series and it’s not because the steak tastes nice…well, maybe; but it’s been a while since the last one. There’s been a few notable events since then; like Bitcoin reaching new ATH and memecoins shitting on ‘blue chip’ utility coins. This could change when the AI wave returns. But before that happens, enjoy seeing a new dog stuff in the top 50 ranks when you open your Coingecko application.

About a week to another Bitcoin halving, last time it happened, we had some miners closing up their mines and moving on to ‘better things in life’. Well, they came running back when Bitcoin did that price bump thing. This time might be different, it is the healthiest I’ve seen Bitcoin before a halving. Almost 6X up from the previous halving. We’ve had at least 20X scams and 200X rug pulls since then, but the ‘investors’ greed is still at ATH. That might help push this thing to $250k and you’d be able to pay off the lease for your Lambo.

The light is all on Bitcoin, but some other guys will be halving too, BSH, LTC…and BSV. Still a fan of Mr. Wright. A real comedian, that one. If the Boomers and Millennials at Blackrock don’t buy up all the Bitcoins, then retail could still feast on the debris this year. It might be the other way around since this space has been overtaken by Wolves. They went from memecoin rug pulls to pre-sales, that’s just a simple evolution.

Not sure how long I could go without mentioning the lifeblood of the current crypto space – Airdrop Hunters! It’s been quite a year for anyone in that hustle. Tons of ‘projects’ launching with an airdrop taking the lead. And yeah, the earndrops. Those ones are the real money mines, but not really for the hunters. You could simply launch anything with incredible liquidity and Market Value. Just make sure you grease the palms of the airdrop hunters, sorry, community. And community is everything…I think so.

I’ve got a ton of respect for the real builders in the space, the ones working hard to create new narratives that will be eventually overtaken by scammers and memecoiners who are still a subset of the former. The real competition in proliferation is between memecoins and ‘AI-powered’ projects. ChatGPT is probably the most forked or ‘leveraged’ codebase since Sam and his friends announced it. We could see something similar when DePins and RWAs hit the ground running.

Anyway, very excited about the Fetch.AI, AGIX, and OCEAN merger. In a space where everyone is launching pieces of mediocre projects, it is a breath of fresh air to see three reputable projects come together to build something that could actually help. Decentralized AI is the way to go and this is just the right time to make such moves. ASI has all it takes to be a leading figure in the crypto and mainstream AI space. No pun intended, super excited for this one!

Well, it’s almost 600 words and this rambling is meant to be 600 words long maximum. But the steak doesn’t taste bad. Even if it does, the cost is something to consider. Might be a while before the next episode drops. But there’s been like five already, you can binge-read till the next one. Probably when Bitcoin hits $100K…if it does.

12/04/2024
With a Historic 3.5 Million TPS, Tectum Blockchain is Launching the Fastest L1 Blockchain!

Just in case you missed it, here’s a link to Tectum blockchain speed test live stream. 3.5 Million transactions per second! While you certainly have your personal attraction for blockchain networks, but you’d hardly make a complete list without including speed, low cost, and security. Tectum ticks at least two boxes in your list of what attracts you to your favorite blockchain network.

Blockchain networks are moving from heavy, complex consensus systems to sleek layers built for some of the most efficient applications to thrive. Most ‘fast’ blockchain networks sacrifice decentralization and security to achieve an improved speed while the highly decentralized ones are significantly slow.

Tectum is changing the narrative. In what could be a milestone for blockchain networks, the Tectum network is making waves in the Testnet phase and gearing up for public launch. I could go on about how impressive the results shown in the video are, but even more impressive is how Tectum blockchain is able to achieve these results.

Here’s how Tectum works

How Tectum Blockchain Works: Proof Of Utility, ZK Proofs, memory-friendly data storage…

In the speed test program, the Tectum team streamed over 50 million transactions through the network via testnet TET token and SoftNote transactions. 8 nodes completed the validation of these transactions in less than 15 minutes. Each node processed at least 500,000 transactions.

Tectum uses the novel Proof of Utility (POU) consensus mechanism to validate transactions generated on the network and stores only hashes of these transactions instead of the whole data. This way, it is able to achieve incredible TPS and a lightweight network respectively, allowing easy sync and overall improved user experience.

Proof of Utility is an improvement of the relatively more popular POW (Proof of Work) consensus. It prioritizes verified contributions in a distributed network of nodes. Nodes on the network are rewarded according to their contribution to the network. Here, the goal is not to solve a complex mathematical solution to generate a proof but to make the most contributions to the network.

Contributions to the network include bandwidth, storage, and computing. Each contribution increases a node’s PoU scores and the decision-making weight. This is analogous to computing power and staked value on the network on POW and POS consensus mechanisms. Proof of Utility tasks nodes with roles and contributions, keeping everyone active and the network running. The network’s performance and security improve with each node that joins the network.

Records of these transactions are stored in hashes that reference the complete transaction data. This keeps the network at a minimal weight and scalable.

Tectum Ecosystem

Gearing up for public launch, Tectum is growing an ecosystem of utilities. The Tectum blockchain and the $TET token will nurture a new sphere built for applications to thrive while the Tectum team also diversifies into other applications.

Utilities being developed for the Tectum project include;

Tectum Network Explorer: The Tectum Explorer is an analytics tool for Tectum network users. Users can access complete network, transaction, and account data by simply querying the explorer.

Tectum SoftNote Wallet: Tectum Wallet is a self-custody application that allows users to manage TET tokens and other crypto assets. Tectum Wallet offers cheaper transaction fees and instant competition by leveraging the power of the lightning-fast Tectum blockchain.

Tectum Interactive Assistant (TIA): TIA is an AI-powered information bank for the Tectum project. You can obtain accurate information about any of Tectum’s products by querying the TIA Telegram bot. Try it now

SoftNote and SoftNote Bills: Tectum SoftNote offers a faster and more private way to spend Bitcoin. SoftNtnote leverages the Tectum Bitcoin node and overlay network to facilitate on-chain transfers with low fees and fast transaction times.

X-factor Authenticator: Tectum’s X-factor authenticator is a flexible, scalable, and completely secure quantum-proof three-factor authentication protocol developed by Tectum for user account authentication.

Tectum Vs Other Blockchains

With a projected 3.5 million TPS and low block weight, here’s how Tectum compares with other blockchain networks

Getting Involved with Tectum Blockchain

Tectum is advancing blockchain throughput. Get involved in the next evolution of blockchain networks. The Tectum testnet is up and running. Blockchain Enthusiasts are invited to contribute to the testing phase.

Join the Testnet program for the Tectum blockchain.

You can also participate in the ambassador program and spread the word about Tectum’s superfast network and the Tectum SoftNote.

Sign up for the Tectum Ambassador program.

Follow the project on Twitter

Closing Thoughts

If the blockchain is ever going to meet the growing demands for the applications that are built on it and the blockchain itself, then it must be able to scale its throughput to an infinite level. With 3.5 Million TPS, Tectum is a few steps away from winning the speed challenge for L1 and L2 blockchain networks.

This, in addition to a privacy layer and a strategy that trims the blockchain to its barest weight, could set it apart from competitors. Most importantly, this network could complement other networks to deliver a hub of blockchains interoperating to leverage this super-fast layer. As Tectum prepares for public launch, it will be interesting to see what will be built on its ecosystem which is already growing.

20/03/2024
Minor updates to the Medium publication

The CryptocurrencyScripts Medium publication has been running for only about 10 months. During this time, we’ve been able to onboard several talented cryptocurrency writers and have grown significantly as a publication. However, this is not one of those cooperate press releases, so we will go straight to the point.

We are adding two minor updates to the publication’s layout and would like to inform our community of these updates. Feedback on new and existing features is welcomed!

A Feature page for Curated articles

An average of 30 new articles are submitted to our publication per week, this figure will surely grow in the future. To promote the most impressive articles from the daily submissions, we have added a feature page for handpicked articles. Curated articles will also be shared on social platforms. This is in line with our goal of adding value to writers who submit to our publication.

To access this page, Click Curated Articles on the publication’s Homepage.

Want to submit your articles to our publication? Read this article for more information.

Promotion tabs for Ads

At the time this announcement was made, the CryptocurrencyScripts publication receive over 15,000 views in 30 days and readers spend over 20,000 minutes reading articles submitted to the publication in a month.

With this figure, your project could benefit greatly from running an Ad on our homepage. We are reviewing this feature to ensure mutual benefits for readers and projects running Ads. There could be major changes to this in the future. This will be promptly communicated.

Contact us on Twitter or any of our outlets to Place an Ad.

Yeah, this was meant to be a short one. The CryptocurrencyScripts publication and the project as a whole is a work in progress and the main focus is on the readers and writers. New and existing features will be adjusted to stay in congruence with this goal.

Happy reading!

04/03/2024
Snack Talk: The Green Tea

Green Tea doesn’t always taste nice and this might be reflected in this episode. Picking it for this episode was so random, but that’s just how the whole crypto space is. We were promised a bullrun immediately the Bitcoin ETFs are approved. Not all promises get satisfied, and this one has successfully joined the list. I mean; I already planned my first payment on a gently used 2001 Honda Civic, but by the look of things, I might just get a 1998 Panda. Now I said that with much positivity. Considering that Grayscale still has thousands of GBTC waiting to be sold, the public bus service might still be all I have. I had to personalize this because anyone shorting the hell out of the whole space should be on that Lambo dream.

Alright, shake that off, we might still get the Bulls this year. It’s a halving year and some guys just made over $100 million from that XRP hack. If they put all the money in memecoins, we might just get many 100Xs and subsequently a bullrun. Dare to dream, huh? I’d get a Lambo before anything else, but I’m far from being a hacker.

The Super Bowl is just around the corner, the last time it happened, every ‘big’ crypto firm was all over the place. Safe to say we funded the Super Bowl that year. Coinbase, FTX, Crypto.com…even the Super Bowl committee must be mouth-gaped at how much money these ‘internet coin’ guys can cough out for a 4-minute advert. But that was before they learned that we buy naming rights to sports centers. No pun intended but you’d expect things to go left after all the rights we bought. This time will be different though, or I hope so.

For the third time in history, memecoins could rule another bullrun. The narratives will even be funnier this time. The good thing is, the NFT scams in the name of memecoins might not work this time. Good news, right? The rug pulls will still continue. And airdrop farmers couldn’t care less about a bullrun, it’s always raining free money in their space and every testnet can boast of hitting one million farmers…sorry users; within a month. Good to see how much difference the thoughts of making a couple of free hundreds could make for a project. A silver lining is the fact that projects are substituting private sales with the initial liquidity provided by the airdrop hype. Anyhow that money is made.

Heard the American government is selling off that Silk Road Bitcoin. Everyone seems to be hunting for that crypto money lately. Not sure what they intend to do with the money, but whenever anyone sells crypto for fiat, that Lambo dream comes to mind. The German government is seizing crypto too, this is what mass adoption looks like! The good news for this paragraph? FTX might just give you back all the money you kept on their platform before they closed the doors on everyone. Considering the amount of Bitcoin they dumped on the market recently, this should be doable.

DePIN, AI, fit in any other crypto narrative you have in mind. We are really advancing in technological terms. The surprising thing is how these projects have been in existence for years and just pick up pace when these narratives are carried by influencers. This why I hold memecoins in high esteem, they have been here for years (well, not most of them) and have managed to be a booming narrative throughout this time, especially the dog-themed ones. Not a huge fan of dogs but if that memecoin will bring in the 100X then we all love dogs. The higher the MC, the more loveable the dog breed becomes.

Alright, just to end this long screaming and go back to something more beneficial to society, I’d have loved to put some words in for everyone hustling for the Lambo money. But since Elon Musk called crypto a ‘hustle’ on SNL, things have never been the same. So, whether we go to the moon or remain here with the stars, it is important to have a place in your heart for the real technology and the real builders in this space…like Vitalik when he’s not on a Fashion show. True nerd, that one. Five more of that and we could be three steps closer to the Satoshi vision. But it’s fine, we are still good with all the Ben Armstrongs we have now. And Ben is ending his infamous crypto livestream. The only outcome is more enterprises like this rising to fame. All good, y’all stay safe.

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02/02/2024
I rode the Solana Memecoins Wave; here’s what I learned

This isn’t even a flex, but, thanks to the profits made from this venture, CryptocurrencyScripts now has a runway of at least, 5 years. I’ve spilled the beans, now we can move on. Even if you have yet to dip your feet into any of the flurry of solana memecoins, you must have heard about one of them. The one Wif a hat or the one about a used Honda 2001 Civic. Really cool memes from each of these projects, but if they are worth the millions…I can’t say for sure. But I know one thing, everyone dabbling into those projects is looking for a Max Wynn…sorry, win. Memcoins are fun, especially when they 10X your ‘investments’, can’t say the same if they -90%ed your investment in one hour. I’ve been in both, I enjoyed the former, the latter was also fun.

After a few months of ‘aping’ into weird projects, I have a diary to share. Not like anyone cares, but even if this doesn’t get to the cabals and the cults, it’s always fun to write on this platform. Just to mention, the next episode of the Snack Talk is also in the works!

I’ll get to it quickly

We are all here for the money!

Yeah, quit the ‘tech’ talks already. It’s obvious, no one is here for the technology. I used to put it at 10%, but it’s actually 0%. Memecoiners are just like everyone else who dabbles their money into a magic internet coin with the hopes of making massive profits, and converting everything to fiat…and buying a Lambo. Only difference is; others play the long game while memecoin connoisseurs play the fast game. Most investors are a hybrid. The random investor will take a quick 100X over ‘a ground-breaking decentralized innovation’. No pun intended, but reality hits hard. The usual 1hr chart for every new memecoin depicts, FOMO, profit taking, and rugpull, in that order. And this is where the fun lives!

Are crypto investors really smart?

Smart investments are preceded by proper research and risk-managed entry. Thing is, memecoins don’t give anyone a chance to do any of these. The boat might be far gone before you get to any of these. It’s the old-fashioned ‘first ape, then research’. If that’s the case, then, are we really smart investors or autistic degenerates who jump into the water without checking the depth? This question is not even a caution or a corrective ponder, just asking if we are still moving in line with the goal of breeding a generation of smarter investors. It is clear why the wizard of Berkshire Hathaway isn’t a fan of anything we are doing here. No problem, he can have his fiat while we have our Bonk!

The Bigger Fool Theory

Remember what you had in mind while buying that memecoin? I can’t read your mind, but somewhere in there, you are convinced that someone will be dumb enough to buy after you and drive the price up. This is not about memecoin only, maybe it is actually a big factor driving the general cryptocurrency gains. A lot of unconvincing crypto projects make it to reasonable heights simply because the next partially convinced investor jumped in with the hope that the dumber money would follow. The pyramid collapses when the next ‘fool’ doesn’t emerge.

Rugpulls are only serious if the project never recovers

Removing liquidity is the old-fashioned way of doing rugpulls. That act already improved and I think the new method is more lucrative. It’s simple and it gives the project a chance of making a recovery if the community takes over and “work for their bags”. Here’s how it goes, create a weird coin, keep a majority percentage, add the rest to the liquidity pool, and dump your bags once buyers come. This way, the initial liquidity remains, you make your money and if the community is strong enough, the project survives and everyone wins…well, not everyone exactly. I’m not telling you how to get away with murder, but this gives the project a chance of surviving and maybe you can get away with your Theft. Yes, theft.

‘Influencers’ are the literal Wolves

You’d ask why UsedCar is sitting at a multimillion-dollar market cap while Panda, an older and similar project on ZkSync is wallowing below the $30,000 market cap. The answer, the influencers didn’t get to it or haven’t gotten to it yet. It’s never a crime to talk about a project you are interested in, but doing it just to lure your followers and dump the tokens you got for free on them is a ‘wolf and Lamb’ parable. For every memecoin that made it to the top, there are tons of influencers using their followers as exit liquidity. Really plausible how they are able to do the luring game, something to learn about marketing there, the end goal is the only negative part. Lots of quality memcoins projects never make it out because they prefer to stick to the community-building goal instead of greasing influencers’ palms. Well, no sympathy here, it’s all a game anyway.

The biggest Fundamental is Shilling

If you want something out of a project you are invested in, the only thing to do is to Shill it. To your friends, your colleagues. Yeah, they are your exit liquidity, but that’s how this thing goes. Bluechip or just a memecoin, the biggest fundamental is Shilling. To put it straight, the project with the most shillers wins.

Ask if I still nurse the idea of gambling on memcoins? The answer is a big Yes, just like anyone else who wishes to test their risk-taking abilities. The essence of this whole rambling is to share my experience, not to announce that I’m leaving the game. Another goal is to ask the big question; “Are we actually investing or Gambling?” The events around these memecoins suggest that this is all a gamble, whichever one, managing risks is recommended. On the outlook, the Rugpulls and investor deception do not paint a good picture of the whole space. But hey, the warnings are everywhere. Memcoins, just like any other crypto investment is a high-risk venture. The thrill is there, the stock market and its 20% annual gains are boring and it’s human to go in search of thrills. Memcoins present that on a platter, it is not clear if this is good or bad.

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22/01/2024
2024 in the Crypto Space – Year in View.

Bitcoin opened the year at one of the highest price levels ever. Really looking like a solid year, if we don’t ruin it with some funny events. In all my time in the space, I’ve not seen a year as bullish as the one we just entered, but it’s hard to tell the future. $100,000 Bitcoin and $5,000 Ethereum, you are surely expecting your shitcoins to print some good numbers this year too, the Lambo dreams look more realistic than ever. The stars are aligning, but this space has a history of being wild.

This isn’t even financial advice but here’s how we might rock this year;

Bitcoin Halving

At the time this article was written, a Bitcoin miner earns 6.25 Bitcoins for each block they mine successfully. This is set to change later this year after the next Bitcoin halving, stipulated for April this year. 3.125 BTC per block is still a very significant reward. Compared to what miners used to receive, we’ll have a 50% lesser emission rate. This has been shown to have a positive effect on the price of Bitcoin, hopefully, history continues to repeat itself. Bitcoin Cash and Bitcoin SV will also be halving this year; you probably don’t care much, but I just had to put it there in case.

Spot EFTs

If things go as expected, we could have some major developments on the Bitcoin ETF applications from the previous year. The build-up from 2023 was catalyzed partly by rumors surrounding spot ETFs for Bitcoin, Ethereum, and a few other cryptocurrencies. The effect on the value of these assets is out of the question, IF the ETF applications go through, then we can expect some real fireworks, but IF. Apart from the assets with filled spot ETF requests currently, ETF listing applications for more crypto assets could happen in 2024.

Pump it, Nope?

Bitcoin halving and Spot ETFs in the same year. Cryptocurrencies have pumped due to some ridiculous news, these two events are of very much importance compared to these. I’d say we are due for that $100k Bitcoin and $5,000 Ethereum. Altcoins are due for a pump, memecoins too. Everyone, really. Just remember to take profits on some of your ‘blue chip memecoins’ though. This might not last for assets in that class, but this is not financial advice either.

Shift in CEX dominance

Centralized exchanges are controlling crypto trading. For all the average investor cares, this is more than fine. But the thing is, decentralized exchanges are getting better, apart from the periodic exploitations, of course. The big advantage is the freedom it gives investors and project teams as well. The fact that you don’t need to pay a listing fee to create a liquidity pool is cool stuff. On CEXs, listing fees run into hundreds of thousands (dollars). If you are not a liquidity provider, Decentralized exchanges are a bit safe, but don’t forget to revoke access when you are done with your swap. I could make a list of some promising decentralized exchanges; Mute on ZkSync, Uniswap, DyDx, and a few others, but I’m sure there are tons of other excellent decentralized exchanges. These decentralized exchanges will likely challenge CEXs for trading volume. I said, Challenge!

Regulatory crackdowns to continue

We saw many crypto institutions sit in the courtroom and even more invited to investigation panels. Regulatory bodies in different countries are taking a closer look at what we are doing here, and where they see an opportunity, they will certainly swoop; especially if there’s a possibility of going away with a few billion dollars. Don’t get this wrong, the space needs some regulation and we will surely be seeing more of these this year, hopefully they don’t ruin our party!

Bitcoin Virtual Machine (BitVM)

BRC-20 tokens might make the wave this year. SRC-20 tokens as well. But I think another trendsetter will be the Bitcoin Virtual Machine. No need for my personal opinion here, so I will just say what you want to hear; this Bitcoin VM could signal another Era for the Bitcoin blockchain. Decentralized finance and DApps on the oldest cryptocurrency blockchain will be an interesting one to see. Seriously, it will be even better if we just focus on making Bitcoin a perfect P2P payment facility. But that’s my opinion and it doesn’t even matter.

What else?

What else? This post surely didn’t cover everything, neither are the predictions correct. But before you laugh at the ‘ridiculous’ predictions, let’s know what we missed out on, and your personal predictions as well. No, don’t start with Michael Saylor buying more Bitcoin, that’s surely going to happen since the man actually wishes to own every Bitcoin on Earth. Also, what is a Bull run without ridiculous gas fees on Ethereum and some other L1s and even L2s? Maybe good news for projects like ZkSync and Arbitrum. Well, What else?

Concluding, it will be really interesting to see how these events unfold during the year. Sometimes things don’t really work out the way we want them. Hopefully, the disappointment is your memecoin printing a 10X instead of a 100X. Anyways, it’s all the same if you pass up on the profit-taking opportunities. On a more serious note, 2024 might not be business as you know it, even a semi-bear like myself is feeling so bullish! Looking forward to it!

Happy New Year!

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01/01/2024
How crypto fared in 2023

2023 is one of those events you cannot describe with one word. It’s been a hell of a year! If anyone in the government gets to read this; consider extending the holidays. Unfortunately, in the capitalist world we live in, this isn’t even up to the government anymore. One of the year’s biggest events in crypto is Bitcoin’s climb to $44,000 from levels below $17,000. An over %150 rise in a year is a significant one. Ethereum hit $2,300 as well…at least we are leaving this year better than we met it. Yes ‘WE’.

Well, while you decipher that, here are some of the notable events of the year;

Rug Pull, court, jail

Forbes’ ’30 Under 30’ is the new prerequisite for jail time, at least that’s the new conspiracy theory. It’s not really a ‘theory’ when we’ve seen it play out quite a couple of times this year and even the years before. In the crypto space, there’s been lots of court time and jail time. Luna guys, FTX guys, and maybe Binance too. Different levels of Rug pull. We will keep calling out the memecoin rugpulls, but the CEX rugpulls are a thing. The space needs regulation, no doubt, even though the regulators aren’t the best kind of people. Several interventions have seen notable figures in the space go through court sessions and potentially, jail time. Financial crimes aren’t a joke, but we can’t keep ourselves from finding something funny out of any situation…like the courtroom painting of Mrs. Caroline.

Institutional insurgence on crypto

Multi-billion dollar mainstream financial institutions are steering into the crypto space in many ways. The mainstream VC invasion has been a thing for a while, but some big money institutions are launching spot ETFs for cryptocurrencies. Bitcoin, Ethereum, Bitcoin Cash, and LiteCoin. According to rumors, there is one for XRP…and PEPE. Not sure about these two but if the rumors are true, then the theory about mainstream institutions “coming for your Bitcoins” might be true as well. The BlackRock spot ETF for Bitcoin is yet to launch, but ‘rumors’ have it that we are close. Didn’t happen this year, maybe next year. Regardless, of the intent, we are seeing an increased mainstream exposure. This could be good for the price, we are not sure what it means for ‘Satoshi’s Vision”, but the random altcoin trader will take a solid 10X over that.

L2, Meme, Cashout, repeat

Over 11,000 cryptocurrencies are listed on asset-tracking platforms. Untracked assets are at least twice this figure, mostly memecoins. ‘Blue chip memecoins’, RugPull memecoins, and proper memecoins that accept their fate as being reliant on pumpamentals…and luck. But if you made that quick 10X on assets like this, then you can proudly enjoy your win. Like the past two years, 2023 witnessed a flood of memecoins, just like the tons of Layer-2 scaling solutions that launched this year. For each new L2, there are at least 50 memecoins, we’ve lost count of the memecoins on Ethereum and other L1s. Many L2’s usage statistics ride on the back of memecoins, and this is fine. We just want you to know that Memecoins didn’t die in 2023, we’ll check again in 2024.

Bitcoin – The new ‘Ethereum Killer’

BRC-20, BitVM…the Bitcoin blockchain now runs its own kind of smart contract. On the bright side, you can inscribe data on the Bitcoin network, on the other side, the Bitcoin blockchain was developed for the sole purpose of P2P transactions. The experiments are cool, but the after-effects are also significant. But this is not the time to say these; this paragraph only serves to inform readers that Bitcoin could be gearing up for a (very) new set of utilities. BRC-20 tokens and NFT-like inscriptions made the wave in the second and third quarters of 2023. The hype has died down since this time. The team behind BitVm is developing a Virtual Machine for the Bitcoin blockchain, these developments could shape 2024.

The Airdrop hunting continues

Every new protocol that launched in 2023 reached the one million user milestone in a very short time. We’d like to attribute this to the quality of these projects. But once we are done with that, we’d also like to talk about an obvious major contributor – Airdrop hunting! Lots of juicy airdrops from 2020-2022 and no one wishes to be left behind in the next multi-thousand dollar earndrop. So, the hunting continues. Good enough, even more projects have conducted such programs this year; Arbitrum, Celestia, PYTH network, no need for a long list. The average airdrop hunter should have something to show for the ‘hustles’ this year!

Not to jinx it, but 2023 looks like a perfect tone-setter for a massive 2024. The coming year is packed already and this year has done a good job at shining the lights to even better things…hopefully. If we don’t witness another Luna-level collapse, 2024 might just be the year. 2023 was a huge role-player here. The whole space has gone through a huge rebuild and regardless of how it went on individual terms, it is another one for the record books. And if you ever thought memecoins would fade out one day, this year is a good reminder that things like this are part of what makes this space what it is. The lights fade; the show continues in 2024!

Follow up with CRYPTOCURRENCY SCRIPTS to stay refreshed in the crypto space with comprehensive articles and important tips.

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27/12/2023
Snack Talk – The Cheesecake

We are all in support of a well-regulated crypto space, but the regulators should at least get the pronunciation right for the firm they are prosecuting. Well, maybe we’ve all been pronouncing it the wrong way. The memecoin peddlers are already having a field day with that one and that’s fine, a few 10x on those BENANCE coins wouldn’t hurt…before they pull the rug.

4.3 billion cheese in the pocket, you can see the idea behind the title now. The SEC could run solely on the money made from crypto firms in the past three years. Can’t lie, the whole space needs to be tightened up, it is currently loose. But I suggest that Mr. Logan should at least give back some of the money he made from that sports drink stuff to the guys he ran away with their cheese for some NFTs that never came to life.

A silver lining; Bitcoin rose past the $30k area and Ethereum breached the $2,000 level. Even though I don’t have much of those, some altcoins have seen a few gains too. Wondering how I could afford another snack? You have your answer now. I had the opinion that bull runs were fueled by greed and hype, this one could be fueled by conspiracy theories. The Bitcoin ETFs are taking quite some time to go live, the real problem is… every cryptocurrency appears to be getting a Blackrock ETF too. Solana, XRP, PEPE. If you believe the XRP part, you should believe the part PEPE too.

Memcoins should find a way to include an ETF in their ‘utility’ list, but if “they got rid of CZ to pave the way for an industry-controlled Bitcoin” then these ETFs should pack more punch than we expect. Since we are all here for the money, this should be good news, right? No? Have fun explaining the ‘satoshi vision’ to the regular investor who just wants his altcoin to go 5X.

If you want proof that a good percentage of ‘cutting-edge decentralized AI projects’ is just an extension of ChatGPT, the price movements of these projects in response to the hide-and-seek at OpenAI is your best proof. Sack, re-employ; turns out these jobs are more secure than we thought. For whatever reason these guys sacked Altman; the employee movement sufficed…they probably had a hard time understanding Sam’s codes though.

The AI team at X launched a more vicious ChatGPT – GROK. There are more chances that you saw that name first in the Memecoin market. But yeah, crypto always moves first. If there is anything I’m convinced about in the coming bull run, it is that AI coins are going to run to show.

Gensler believes in the possibility of rebooting FTX Exchange. Associated tokens have since gone haywire, and if FTX gets rebooted, the next on the list should be Luna. USTC might already be trading around $0.1 by the time you get to read this article. Still, a long way to go for a dollar-pegged coin, but in this space, ‘never say never’. FTX, Luna, Voyager, Celsius…the list is long, but, one after the other.

I’m revealing the snack of the day for the first time; since everyone is getting cheese, it’s just reasonable to get a cheesecake, and Sprite. Unlike the guy behind the KyberSwap exploit, a handful of snacks could get us ‘fully rested’ in a short while. The Poloniex hacker and the SIM swap guys made the list of ‘cheese getters’ too. Guess the whole space is just about people getting cheese.

Bankman Fried and other FTX guys will learn their fate soon, I will have to drop the pen here and return whenever we have definite news. But if Bitcoin crosses $40,000, then we might be back sooner than expected. Gone past the 600-word point too. Just in case you read up to this point; see you next time…guys! And hit the FOLLOW button!

Follow up with CRYPTOCURRENCY SCRIPTS to stay refreshed in the crypto space with comprehensive articles and important tips.

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29/11/2023
How DexCheck improves investment success

DexCheck is your crypto investment assistant. Just like investors in any other sector, cryptocurrency investors are in constant search of applications that help them make more informed decisions and also lessen their investment research and routine trading workload. Investors have found applications in DexCheck’s ecosystem really useful. DexCheck’s principal goal is to improve an investor’s chances of making a profitable trade. These applications are structured to suit investors of different abilities. If you are searching for a one-stop investment assistant, DexCheck might just be it for you. Let’s take a look at how DexCheck is empowering investors using diverse applications;

Automated portfolio manager: Smartfolio

The smartfolio is a Telegram-based portfolio manager. Smartfolio keeps a watch on your investment for you while you focus on other aspects of your investments. By developing a portfolio manager that works on the Telegram application, DexCheck selects an application that investors use routinely. Telegram is one of the most widely used mediums of conversation and smartfolio fits in just well. Investors can receive push notifications about changes in the price of the asset they invested in and decide their next moves. To use the smartfolio, investors simply need to interact with the bot and enter details of their investments, this includes the assets and the amount they hold.

Smartfolio can also track assets in a provided wallet, an investor simply needs to provide the wallet details. Smartfolio connects to the wallet to obtain information on assets being held on supported blockchain networks. Smartfolio currently supports over 10 blockchain networks, this could improve with time as well.

On-chain analysis with clear-cut technology

DexCheck has developed wallet trackers, Dex trade analytics application, top traders’ trackers, and whale trackers as well. These applications are designed to obtain information from the blockchain and present pre-analyzed data to investors in a way that allows them draw conclusions easily and accurately. On-chain analysis can reveal information for investors, but most investors either use them inappropriately or below their maximum capacity. DexCheck’s on-chain analysis tools guide investors towards making the best out of on-chain data.

AI-engineered investment insight application

InsightGPT is another utility application on the DexCheck ecosystem. InsightGPT used artificial intelligence to analyze trades on decentralized exchanges. It obtains trading data and evaluates them to detect high-profile trades. These trades are usually from traders with high positive PnL and assets traded between wallets with running records of profitable trades. DexCheck informs investors of such trades and allows them to decide their next moves. These insights are actionable, they are ‘useful’ to investors.

Passive income opportunities and investor empowerment

For investors who hold DCK – the native token of the DexCheck ecosystem. DexCheck offers numerous ways to benefit from investing in the project. DexCheck’s revenue-sharing program allows investors who hold DCK to benefit from the fees generated on the platform. Holders also have access to pro trader applications and can also benefit from staking programs on-chain and on centralized exchanges.

Closing Thoughts

What’s your approach to trading? Traders seek profits in different ways and different levels of success have been recorded for each approach. But if you seek to pursue investment success through well-researched investments and by augmenting this research with efficient tools, then you might want to give DexCheck a try. The smartfolio and InsightGPT have seen a higher user headcount, but other analytics tools in the ecosystem are also thriving. We have reviewed these applications and how they work, investors can also seek better ways to put them to use.

Having said this, it is important to note that this article only educates users on applications in DexCheck’s ecosystem and is not financial advice.

20/11/2023