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Crypto airdrops can attract users and generate interest, but many have faltered due to unfair distribution, technical errors, and unrealistic expectations. Projects like EigenLayer and Hamster Kombat faced backlash for last-minute rule changes and delays, leading to diminished trust and token value. While airdrop farmers can enhance engagement and fraud detection, the balance between maintaining active participation and preventing exploitation remains a challenge for many projects.
XRP, HBAR, BGB, and XMR are showing notable strength as Bitcoin faces resistance at the 20-day EMA, currently trading at $93,464.57. XRP's market cap has reached $140 billion, with potential growth to $500 billion, while HBAR struggles below key support levels. Monero has broken resistance at $203, targeting $225, and Bitget Token remains in an uptrend.
Fidelity Digital Assets recognizes Ethereum's strong fundamentals while acknowledging Solana's rapid growth, particularly in memecoin trading. The firm anticipates that upcoming upgrades for both networks could shift investor focus, with Ethereum's stability likely to prevail in the long run. Additionally, Fidelity expects increased adoption of Bitcoin by governments and institutions in 2025, alongside significant growth in stablecoins and tokenization, which it deems the "killer app" of the year.
Hive AI (BUZZ) has made waves in decentralized finance (DeFi) by enabling users to execute complex blockchain operations through natural language commands, leveraging the Solana blockchain. Following its listing on Bitget, BUZZ experienced a staggering 75-fold increase in value within an hour, reaching a market cap of $44.66 million, though it has since stabilized around $37.43 million after a recent 24.6% price drop. The token's innovative approach aims to lower barriers for non-technical users, enhancing accessibility in the DeFi space.
Solayer, a restaking protocol in the Solana ecosystem, is developing InfiniSVM, a hardware-accelerated Solana Virtual Machine blockchain aimed at dynamically scaling to meet application demands with a transaction confirmation time of just 1 millisecond. This new SVM will feature a multi-execution cluster architecture and a hybrid “proof of assigned stake” consensus mechanism, enhancing transaction verification speed. Additionally, Solayer plans to integrate yield-bearing assets like sSOL and sUSD into InfiniSVM, further expanding its capabilities beyond the main Solana network.
Bitget is set to enhance cross-chain payments by prioritizing its BGB token for gas fees through the new GetGas feature, launching in January 2025. This initiative will allow users to pay gas fees using BGB, USDT, or USDC, simplifying transactions across multiple blockchains.Additionally, Bitget plans to burn 40% of its BGB token supply, reducing it from 2 billion to 1.2 billion tokens, with quarterly burns starting in 2025 funded by 20% of profits. This strategy aims to increase demand for BGB, potentially positioning it among the top 10 foundational assets in the crypto market.
In a week marked by significant developments in the crypto space, the Bitget Token surged over 81% following a merger, while Vitalik Buterin adopted a viral pygmy hippopotamus with an 88 Ether donation. Meanwhile, James Howells continues his legal battle to recover a hard drive containing $773 million in Bitcoin lost in a landfill. South Korea imposed sanctions on 15 North Koreans linked to cyber thefts, as crypto hacks in 2024 reached $2.3 billion, a 40% increase from the previous year.
Bitget has announced a $5 billion burn of its native token, BGB, removing 800 million tokens from circulation, which constitutes 40% of its total supply. This move has contributed to a 100% price surge in the past week, with BGB trading at $8.10 and a market cap of $11.6 billion. Starting in 2025, Bitget plans to implement quarterly burns using 20% of profits to further enhance the token's utility and deflationary model.
Bitget has merged its native cryptocurrencies, Bitget Token (BGB) and Bitget Wallet Token (BWB), resulting in a 22% price surge for BGB, reaching an all-time high of $8.45. The exchange plans to burn over $5 billion worth of BGB tokens, representing more than 40% of its total supply, further enhancing its value.BGB has seen a remarkable increase of over 125% in the past week and nearly 430% over the last month, positioning it as a leading cryptocurrency in 2024. The merger aims to expand BGB's utility in decentralized applications and real-world payments, ensuring a smooth transition for BWB holders.
Bitget has announced a significant 40% burn of its BGB token alongside a buyback initiative. Meanwhile, Sentient AI has successfully raised $1.5M in its first funding round, introducing an advanced AI Agent that mimics human thoughts and emotions, aiming to transform digital interactions. With plans for a Token Generation Event and an Agent Launchpad on the Sui Network, Sentient AI is set to enhance its ecosystem and expand investment opportunities in the web3 space.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
challenges and lessons from failed cryptocurrency airdrops in recent years
13:22 13.01.2025
XRP and HBAR show resilience as Bitcoin faces market challenges
09:27 13.01.2025
fidelity highlights ethereum's fundamentals while recognizing solana's growth potential
14:16 09.01.2025
hive ai launches on bitget revolutionizing decentralized finance with natural language commands
08:00 09.01.2025
Solayer unveils InfiniSVM a new blockchain for enhanced Solana performance
06:12 07.01.2025
Bitget to Enhance Gas Payments with BGB Token and Major Supply Burn
20:30 27.12.2024
crypto market gains momentum as hacks surge and notable donations emerge
20:00 27.12.2024
Bitget announces five billion dollar BGB token burn as price doubles
17:28 27.12.2024
Bitget merges tokens and burns five billion boosting BGB to new high
17:13 27.12.2024
sentient ai secures 1.5 million funding for innovative ai agent launch
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