Coins by Cryptorank
Insights and analysisEditorial office

Token talk: your weekly update

Tanja Nechet

News editor

May 15, 2024 at 10:25

Hey Crypto Enthusiasts! 👋


🚀 The crypto market is flying up

Bitcoin and altcoins rallied amid the announcement of fresh financial data in the US:

The brand new newsletter with insights, market analysis and daily opportunities.

Let’s grow together!

  • consumer inflation (CPI) (April): MoM – 0.3% (forecast – 0.4%; previous – 0.4%), YoY – 3.4% (forecast – 3.4%; previous – 3.5%);
  • core (CPI) (y/y): 3.6% (forecast – 3.6%; previous – 3.8%);
  • NY Empire State Manufacturing Index (May): 15.6 (forecast – 9.9; previous – 14.3);
  • retail sales (Apr): 0.0% (forecast – 0.4%; previous – 0.6%).

🌋El Salvador has mined 474 BTC using volcanic energy

According to Reuters, since 2021 El Salvador has mined 474 bitcoins worth $29M using volcanic geothermal fuel energy. Those BTC were mined using energy from the Tecapa volcano via 300 processors. The country has allocated 1.5 megawatts (MW) for cryptocurrency mining out of the 102 MW generated by the state-owned power plant. 

In 2021, El Salvador made history by becoming the first country to accept Bitcoin as legal tender alongside the US dollar.

#️⃣ Tornado Cash developer has been found guilty of laundering $1.2B

A Dutch court has handed down a verdict against Alexey Pertsev, finding him guilty of laundering assets worth $1.2B. Pertsev was sentenced to 5 years and 4 months in prison. Pertsev’s defense has 14 days to appeal the verdict, which could change the course of this high-profile case.

🏎️ Don’t forget to Drift

The token claim will open on May 16 at 12.00 UTC. Just in case, file an appeal here.

The main allocation will be able to be branded immediately, the bonus allocation will be able to be branded after 6 hours. The dump will be available immediately on Drift, now waiting for announcements from CEXes.

More information:

  • total airdrop supply: 12%;
  • total tokens for airdrop: 120,000,000;
  • date – May 16, 2024;
  • time – 12pm UTC (8 am EST);
  • eligibility & claim URL here.

⭕ Holograph made a snapshot and announced tokenomics

Holograph was needed mainly to mint NFTs and bridge them to other networks, affecting L0. 

The team decided to hustle to come out at the same time as L0 and announced tokenomics. 

Snapshot for the first season is already done, but there is no exact date yet. Check the drop here.

In total, there will be $10B HLG, of which:

  • 25% allocated to Ecosystem & Incubation;
  • 23.4% to Core Development Team;
  • 21.18% to Strategic Network Participants;
  • 15% – Foundation Treasury;
  • 10% – Community & Launch;
  • 5.42% to Long-Term Advisory.

Initially, 15.25% or $1,525,000,000,000 $HLG of the total supply will be in circulation.

Community is allocated 10%, but only 5.25% or $52M HLG will be unlocked on TGE, the remaining tokens will be linearly unlocked over 6 months.

It is also known that Holograph will be the first project to come out via Bybit ByStarter this year.

🔑 Key crypto market highlights (May 15-22)

  • PancakeSwap’s CAKE prediction market will permanently close (15.05).
  • eCASH will upgrade the network. All Bitcoin ABC full node operators must upgrade to the latest major version, which is 0.29.1 (15.05).
  • Notcoin listing on Binance, OKX, and ByBit (16.05).
  • Arbitrum (ARB) to unlock 92.65M tokens, or 3.49% of the circulating supply (16.05).
  • HeroesChained will release Fortunes of Ventuna mobile (17.05).
  • ApeCoin (APE) token unlocks – 15.6M coins, or 2.48% of the circulating supply (17.05).
  • Immutable (IMX) to unlock 25.53M tokens, or 1.75% of the circulating supply (17.05).
  • Oasis Network (ROSE) token unlocks – 171M coins, or 2.54% of the circulating supply (18.05).
  • Manta Network (MANTA) to unlock 6.67M tokens, or 2.66% of the circulating supply (18.05).
  • Pixels (PIXEL) to unlock 54.37M of tokens, or 141.6% of the circulating supply (19.05).
  • Moonbeam will release Moonrise (20.05).
  • Zilliqa v.9.3.4 network upgrade to be launched on mainnet (20.05).
  • ByBit will delist MIBR and RLTM (20.05).
  • Pyth Network (PYTH) to unlock 2.13B tokens, or 2.64% of the circulating supply (20.05).
  • Aleph Zero will launch MOST public mainnet (21.05).
  • Lisk to take Klayr snapshot (21.05).
  • Chiliz: Dragon8 hard fork, tokenomics 2.0 and compatibility with other major Ethereum upgrades will be launched on Chiliz Chain, The Sports Blockchain (21.05).
  • Avalanche (AVAX) token unlocks – 9.54M coins, or 2.50% of the circulating supply (22.05).
  • SPACE ID (ID) to unlock 18.49M tokens, or 4.29% of the circulating supply (22.05).
  • ETHBerlin04 hackathon (24-26.05).

💵 Ideas

[1] 🔔 Layer3 has announced a new campaign – The Infinity CUBEs

The project announced a new campaign called Infinity CUBEs, which will last for 6 weeks, i.e. until June 25th, and it is supposedly the last chance to get L3 tokens before TGE.

The gist of the campaign is to complete quests and collect 3 legendary cubes to get Trident of Worlds NFT.

For the first legendary cube it is needed to collect 30 regular cubes, but note that the cubes are counted only within this event. Old cubes do not count.

This campaign is not related to the previous ones and will have a separate token drop, as well as $500,000 in tokens from partners such as Bungee, Jumper, Uniswap, PancakeSwap, Arbitrum, Phantom, GMX, Sandbox, and others.

What to do?

  • Connect the wallet here;
  • Complete the available tasks. At the moment available quests with Radiant and Koi Finance, the rest will open up over time, so don’t forget to log in and complete them.

[2] 🔔 XRP forecast: anticipating major moves

According to Alan Santana’s technical analysis, in the coming 6 months, XRP could see a significant rise. Despite using a 6-month projection, many believe XRP might start moving sooner than other major altcoins, potentially being one of the first to make significant moves upwards. 

It’s been over 10 months since the last major bullish wave for XRP. Typically, there’s a 6-8 month waiting period between such waves. The fact that XRP has been consolidating for so long after a correction is seen as a positive sign. 

Since March 2020, XRP has consistently produced higher lows. This indicates that buyers have been more dominant in shaping its long-term trajectory. While other cryptocurrency projects saw massive growth, XRP’s growth remained relatively modest. 

Now, conditions seem ripe for a substantial upward movement. Ripple’s XRP is expected to see significant movements in 2024 and 2025, potentially signaling the end of its accumulation phase. Once the upward trend starts, it’s expected to be strong and sustained. 

Be prepared for a potential crypto market crash, but also anticipate significant growth for XRP.

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔 Missed out on Notcoin? No problems. Here are some more tap Telegram games (with 0 expenses)

  • Memefi. The project was launched on March 29, and in the first 8 hours after the launch, more than 500K users were registered! Today there are over 3M users. MemeFi is a web-based blockchain game that combines humor and a lot of references to Internet memes. The game is essentially a symbiosis of role-playing, card games, base-building, and combat, the developers dream of creating one of the most diverse gameplay experiences in GameFi.
  • Catizen is a game, a promising new Play to Airdrop project combining Metaverse, GameFi, and AI. At the web3 festival in Hong Kong, Catizen was presented as a case study of the TON ecosystem. Already collaborating with ANON (a token started by Sasha Notcoin) and Mantle. Judging by RoadMap, there should be a drop and listing of the token, which is planned for Q2 2024. Catizen has 35% of Catizen tokens allocated for airdrop distribution. 
  • Crypto Hamster is a clicker game where we need to take on the role of the director of one of the major crypto exchanges like Binance. Our goal is to tap on a coin with a hamster, scoring points. Initially, our hamster will be completely naked, but over time our hamster will stylishly dress up. Airdrop will be, for sure, and listings as well.
  • Blum is planned as a DeFI protocol with its own wallet, but at the moment there is none of that, but there are apps with farming points for which there should be benefits. Every 8 hours the farming button is reset, after which you need to re-enter the application, and brand points, and restart the whole process. The project is expected to be listed on Tier-1 exchanges.

All information provided on this website is for educational and informational purposes only. Please consult with our Disclaimer.

Home » Insights and analysis » Token talk: your weekly update

Your complaint has been sent to a moderator