Binance Blockchain Week 2024 in Dubai Accelerates Web3 Innovation
Binance Blockchain Week 2024 in Dubai focuses on advancing Web3 technology by gathering global blockchain leaders for keynotes, workshops, and discussions. The event emphasizes the theme of "Momentum," exploring the industry's progress and future innovations. Notable speakers include Circle CEO Jeremy Allaire and Sotheby’s digital art head Michael Bouhanna. With strong support from industry sponsors, this conference plays a pivotal role in shaping decentralized technologies and fostering collaboration. (CoinTelegraph)
Moo Deng Meme Coin Sees Explosive Growth Amid Social Media Hype
Solana’s price has surged due to renewed interest from institutional investors, with a market cap of over $300 million. Moo Deng, a meme coin launched on Solana, has gained rapid popularity, fueled by social media excitement and speculative trading. The rise of Moo Deng mirrors broader trends in the meme coin space, such as Popcat and Neiro, which continue to captivate traders. This highlights how meme-based tokens are leveraging community hype to achieve quick gains in the crypto market. (CryptoBriefing)
Solana Price Rally Driven by Institutional Interest
Solana’s price has seen strong momentum, thanks to renewed interest from institutional investors. Recent inflows of $4.1 million from major institutions are supporting a bullish double-bottom pattern, which could lead to a 20% price surge. Retail investors are also contributing to the rally, as positive funding rates suggest they are betting on further gains. If Solana successfully flips its resistance level of $156 into support, the token could rise to $187, though failure to do so may cause a pullback to $138. (BeinCrypto)
Bitcoin's Undervalued Status Signals Buying Opportunity, Say Analysts
Bitcoin is considered significantly undervalued by several market analysts, presenting an attractive buying opportunity for investors. Metrics like the Mayer Multiple, which compares Bitcoin's current price to its 200-day moving average, indicate potential for growth. Despite recent market volatility, experts see this as a favorable moment for accumulation, anticipating a price recovery. Long-term sentiment remains optimistic, with analysts predicting that current market conditions could lead to substantial returns over time. (Decrypt)
Millennials See Bitcoin as the "New Real Estate" for Wealth Building
With soaring real estate prices making homeownership unattainable for many younger people, especially in cities like Hong Kong and Singapore, millennials and Gen Z are increasingly turning to Bitcoin as an alternative investment. Historically, real estate has been a primary wealth generator, but younger generations are now burdened by high mortgages and interest rates. Bitcoin, often called "virtual real estate," offers a unique opportunity due to its capped supply of 21 million coins and the ease of trading compared to property ownership. Experts suggest that holding Bitcoin long-term, much like real estate, could help build lasting wealth for these generations. However, a cautious approach to speculative trading is encouraged. (CoinDesk)
The Open Art Event Showcases Telegram-Based Games and TON Ecosystem at Token2049
The Open Art side event at Token2049 in Singapore highlighted the growing potential of web3 and blockchain gaming within the TON (The Open Network) ecosystem. Telegram-based games like BeaverLand, Duckcoop, and Satoshi Universe demonstrated innovative use cases of blockchain technology, attracting attention from thousands of participants. The event featured keynotes and networking, with a focus on creativity, freedom of expression, and the fusion of web2 and web3 gaming. The Open Art event was one of the largest gatherings during Token2049. (BitPinas)
