Bitcoin (BTC) Soars Toward $30K, Solana (SOL) Skyrockets 13% Daily (Market Watch)
After a few days of trading sideways, bitcoin went on the offensive hard in the past 12 hours or so and shot up to nearly $30,000.
The altcoins have also turned green, with SOL, BCH, XRP, XLM, and MNT skyrocketing by up to 12%.
BTC Eyes $30K
The start of the business week was quite positive for the primary cryptocurrency, which pumped to $28,000 after a boring weekend. Monday saw another mindblowing price surge when a fake report in regards to the SEC approving a spot BTC ETF pushed the asset north by around two grand to a multi-month peak of just under $30,000.
However, the subsequent rebuttal of the report resulted in a similar price drop that erased all gains. The bulls tried to drive the cryptocurrency north in the following days but to almost no success. That changed in the past day or so, though.
BTC shot up to $29,400 late on Thursday before soaring even more to its current price point of $29,800. Being so close to the $30,000 milestone means that its market cap has increased to over $580 billion.
Its dominance over the altcoins, which has been on a steady rise in the past week or so, is now up to 51.7%.
SOL Steals the Show
The altcoins have also followed BTC’s upward trajectory. Ethereum has gained about 4% on the day and sits above $1,600. BNB, Cardano, Dogecoin, Tron, Toncoin, Polygon, Polkadot, and Litecoin have soared by similar percentages.
Ripple is up by 7% now following the latest positive developments in the company’s legal case against the SEC.
Solana, though, has stolen the show from the larger-cap landscape with a massive 13% daily surge. Consequently, SOL sits at a multi-week high at $27.
More impressive gains come from the likes of Bitcoin Cash, Avalanche, XLM, MNT, and OP. Bitcoin SV and Stacks have skyrocketed the most from the mid-cap alts, by 30% and 20%, respectively.
The total crypto market cap has added over $40 billion daily and sits well above $1.2 trillion on CMC.
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XWORLD’s Leap Forward: Introducing the Web3 Task Bounty Function for Community Contributors
In the realm of digital gaming and app monetization, XWORLD is taking bold strides to redefine the landscape. With its innovative approach to Web3, XWORLD is setting new standards in how we interact with digital platforms. Now, the platform is adding another feather to its cap, introducing a new Web3 task bounty function dedicated to rewarding the early contributors in their community.
Since its launch in November 2022, XWORLD has made significant headway in the digital space, attracting over a million Web2 and Web3 Internet users. Tens of thousands of game applications have found their home on this platform, creating a vibrant ecosystem that brings together gamers, developers, and enthusiasts. Each of these contributors has played a vital role in the growth and evolution of XWORLD, and their efforts are about to be recognized.
The new Web3 task bounty function is XWORLD’s way of giving back to its community. It’s a reward system designed to acknowledge the contributions of the early users who have helped shape the platform. But it’s not just about recognition; it’s about fostering a sense of ownership and participation among the community members.
In a traditional Web2 setup, user contributions often go unnoticed. Users interact with platforms and applications but have little stake in their growth or success. XWORLD is flipping this narrative with its Web3 approach. By introducing a task bounty function, it ensures that every contribution, every interaction, has the potential to be rewarded.
But how does this task bounty function work? In simple terms, it’s a reward system based on community involvement. Users can earn rewards by completing tasks that contribute to the platform’s growth, such as promoting the platform, reporting bugs, or creating content. The more a user contributes, the more they stand to earn.
This approach underscores XWORLD’s commitment to its community. It understands that the platform’s growth is intrinsically tied to the participation and contributions of its users. By rewarding these contributions, XWORLD not only acknowledges their value but also encourages further participation.
XWORLD’s task bounty function is more than just a reward system; it’s a testament to the platform’s vision. A vision where users are more than just consumers; they are stakeholders. Where every interaction has the potential to create value. Where the lines between gaming, socializing, and earning are blurred.
As XWORLD continues to innovate, it’s clear that the platform is not just keeping pace with the Web3 revolution; it’s leading it. It’s setting a new standard for how platforms should interact with their communities, and how users can benefit from their digital experiences.
So, are you ready to be part of this revolution? Are you ready to join a platform that values your contributions and rewards your involvement? If so, then it’s time to join the XWORLD community.
To stay updated on all the latest developments and to be part of XWORLD’s exciting journey, follow them on Twitter at https://twitter.com/xworld_pro. Contribute, participate, earn, and become a part of the XWORLD revolution. Welcome to XWORLD, where your contributions matter.
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BRC-20 Token Development: Unleashing the Potential of Blockchain Innovation
The launch of the BRC-20 token standard has sparked interest in the cryptocurrency space. Could you believe that over 8500 distinct tokens have been minted for the BRC-20 standard? Many Individuals are so excited about this new development, which will significantly alter the way the game in the crypto industry.
Are you curious about the exciting world of blockchain technology and its latest advancements?
Look no further! In this article, we will dive into the fascinating realm of BRC-20 token development, exploring its significance, features, and potential it holds for revolutionizing various industries. Get ready to embark on a journey that unravels the power of blockchain innovation.
What exactly is a BRC20 Token?
BRC-20 token is a developmental test fungible token standard developed with the #bitcoins ordinal inscriptions. BRC-20 token standard is built on the #ethereumblockchain and has gained significant attention in the crypto space. These tokens adhere to a specific set of standards, facilitating seamless compatibility and interaction with other tokens and decentralized applications (dApps).
BRC-20 tokens are more accessible to Bitcoin users as they can only be generated and traded using a Bitcoin wallet. The ability to exchange BRC-20 standard tokens for other tokens of the identical type makes them fungible.
Similar to their #erc20 counterparts, BRC-20 standard tokens exhibit enhanced functionalities and offer exciting possibilities for Startups and individuals alike.
How do BRC-20 tokens function?
No other cryptocurrency has ever been supported on the Bitcoin blockchain but Bitcoin itself. BRC-20 tokens have been a godsend for those who sought to use the blockchain in novel ways. Understanding how BRC-20 tokens operate is crucial.
BRC-20 tokens create token contracts and produce and transfer tokens using Ordinal inscriptions. What makes it distinctive is that a BRC-20 token may be generated utilizing the BRC-20 standard with specific functionalities such as deploy, transfer, and mint, among others.
Users of this standard can produce mint tokens based on Bitcoin using the Ordinals protocol, just like #ethereum users can do with the ERC-20 standard. #brc20 tokens are entirely fungible, which sets them apart from non-fungible Ordinals.
Business Advantages of BRC-20 Token Development:
Interoperability: BRC-20 token standard embraces interoperability, enabling seamless integration with different blockchain platforms. This cross-chain compatibility fosters collaboration and opens doors for exciting new use cases.
Smart Contract Capabilities: Leveraging the power of smart contracts, BRC-20 tokens empower developers to create sophisticated decentralized applications. Smart contracts automate and enforce agreements, eliminating the need for intermediaries and enhancing transparency and efficiency.
Enhanced Security: Built on the robust Ethereum blockchain, the BRC-20 token standard inherit its security features. Through cryptographic encryption and distributed consensus mechanisms, these tokens ensure tamper-proof transactions and safeguard user assets.
Improved Liquidity: BRC-20 token standard can be easily listed and traded on decentralized exchanges, enhancing liquidity and facilitating seamless token transactions. This #liquidity opens up new avenues for fundraising and investment opportunities.
BRC-20 Token Use Cases:
Tokenized Assets: BRC-20 token standard enable the fractional ownership and trading of various assets, such as real estate, art, and commodities. This tokenization democratizes access to traditionally illiquid markets, making investments more accessible and inclusive.
Decentralized Finance (DeFi): BRC-20 tokens are a driving force behind the rapidly growing DeFi ecosystem. They serve as the building blocks for lending platforms, decentralized exchanges, stablecoins, and yield farming protocols, revolutionizing traditional financial services.
Supply Chain Management: BRC-20 tokens offer traceability and transparency in supply chain management. By tokenizing products and tracking their movement on the blockchain, businesses can enhance efficiency, reduce fraud, and build trust with consumers.
Gaming and Non-Fungible Tokens (NFTs): The gaming industry is embracing BRC-20 tokens to facilitate in-game purchases, asset ownership, and provable scarcity. Additionally, BRC-20 tokens are utilized in the creation and trading of NFTs, enabling digital collectibles and unique virtual experiences.
They adapt to the trends of the BRC20 token standard of Ordi, Meme, Pepe, Shib & Moon. The market value of the BRC-20 currency has soared recently, and the volume of transactions on it has even surpassed those on BTC.
Due to this enormous rise, many investors are interested in learning more about BRC-20 tokens and wondering if they are good investments.
Conclusion
As a startup, you must "hit the ground running" if you want to compete in the cutthroat BRC20 token surroundings. A BRC20 token development Company is the most efficient way for achieving it. To surf in the Crypto ocean, Connect with a reputable BRC20 token development company in the sector to take your business to the next level. If you're a startup or an entrepreneur looking to make your mark in the world of the Bitcoin blockchain platform, BRC-20 token development is the way to go.
Remember, the power of BRC-20 tokens lies in their ability to bridge gaps, unlock opportunities, and reshape industries. Embrace this transformative technology and be part of the blockchain revolution today!
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