Bittime - Today's crypto market movements are quite diverse. Predictions regarding the crypto market also vary. Some say that altcoin season will soon arrive, others say that meme coins will soar even higher. The following are the highlights of today's crypto news, May 29, 2024.
Altcoin Season or Altcoin Season
Altcoins are often the favorite for investors who are aiming for high profit potential. However, determining the right time to invest in altcoins is not easy.
Jamie Coutts, a former Bloomberg analyst, predicts that signals of altcoin season will likely emerge in the coming weeks. These predictions are based on the phases of the crypto cycle, presidential, and most importantly, the liquidity cycle.
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Meme Coins and Politics
Andrew Kang, co-founder of Mechanism Capital, issued a controversial statement regarding meme coins. According to him, meme coins have the potential to become a national political issue that is widely discussed. In fact, recently political meme coins have emerged, such as MAGA (TRUMP).
Andrew Kang also highlighted the attitude of the US SEC which was considered fickle regarding meme coins. So far, the SEC has not taken firm action against meme coins, and even seems to have allowed this trend to develop.
If the SEC ultimately decides to take strict regulatory action against meme coins, it could potentially hurt them politically. The reason is, meme coin currently has a large and solid community base.
Illuvium Public Beta Testnet
Illuvium, the long-awaited open-world adventure RPG game, has finally launched its public beta testnet. Interested players can directly participate in this test via the Epic Games client.
This public beta testnet is a golden opportunity for players to try the Illuvium game directly before its official launch.
Through this test, players can experience the sensation of exploring the vast world of Illuvium, capturing fantastic creatures called Illuvials, and fighting against other players.
Also Read: 10 Recommended Blockchain Games for 2024 that You Must Try!
Babylon: Staking Bitcoin Testnet-4
Babylon , a project focused on developing Bitcoin staking, announced that the staking capacity in the first round of Testnet-4 has been met. Babylon also announced plans to open the next staking capacity for Testnet-4.
Thus, users who stake Bitcoin in the first round need to unbind and withdraw funds first if they want to participate in the next staking round.
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UXLINK, First Rank Social DApp
UXLINK, a web3-based social networking platform, managed to rank first in the daily, weekly and monthly social DApp categories on DappRadar. Not only that, UXLINK also managed to occupy the top three positions in the comprehensive DApp category in the monthly ranking.
Even more interesting, the ratio of daily active users to weekly active users exceeds 60%. This figure shows a high user retention rate, meaning that many active users use UXLINK regularly
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Babylon Opens Testnet-4 Bitcoin Staking Capacity Next Week!
Blockchain Games: Illuvium's Public Beta Testnet Has Started!
Meme Coin: From Internet Trend to National Political Issue?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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