This Week in Crypto:
Telegram Airdrops,
Grayscale’s
Top Altcoins, and
SEC-Ripple
Drama
This week in crypto, we’ve got some juicy updates you won’t want to miss. This
includes Telegram’s hottest airdrops to Grayscale’s picks for the top altcoins
and the latest drama in the US Securities and Exchange Commission s
(SEC) showdown with Ripple.
During the first week of October, the anticipation of Uptober
died, with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and other major crypto assets struggling. In the past seven
days, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is down by around 6.5%, currently trading at $61,400.
Despite the choppy price actions, there are some earning opportunities with
the Telegram airdrops.
3 Upcoming Telegram Airdrops
As the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта enters Q4, several key Telegram airdrops are poised to
capture the interest of digital asset enthusiasts. This month features
promising opportunities for those looking to engage with emerging blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
projects without an upfront financial investment.
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Read more: Best Upcoming Airdrops in 2024
MemeFi, a leading Telegram-based game, invites users to battle meme-themed
characters for cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта rewards. Scheduled for October 9, the MemeFi
airdrop requires participants to engage through various tasks to be eligible
for airdrop claims post token generation event. The allure of the airdrop is
heightened by its massive 90% token distribution to users, a notable increase
from its competitors.
Second on the list is X Empire, which offers players the chance to earn
through strategic gameplay enhancements. The October 15 airdrop emphasizes the
importance of active participation and network engagement, promising
substantial returns for diligent players. This game merges the thrill of
earning with the excitement of crypto gaming.
Lastly, TapSwap stands out with its straightforward earning mechanics, making
it accessible to all crypto enthusiasts. The airdrop, set for mid-to-late
October, rewards users for daily engagements and offers additional bonuses for
financial supporters. Despite some launch delays, the project’s potential
valuation and token prospects keep the community eager.
Why the Hamster Kombat (HMSTR) Airdrop Failed
Hamster Kombat’s much-anticipated airdrop faced setbacks , leading to
widespread disappointment within the crypto community. Various reasons left
the community disappointed with the HMSTR airdrop.
For instance, the airdrop’s execution saw many loyal players disqualified due
to a last-minute anti-cheat system implementation, benefiting a few over the
many. This move sparked significant backlash from the community.
“Hamster Kombat has cheated the community. They have allocated a large portion
of airdrops to YouTubers and influencers for referrals. They’ve implemented
vesting without informing the community. They’ve made people work like labor,
day• Соединённые Штаты Америки (США) » Культура США » Праздники США » Первое мая (праздник) and night to collect keys from their games and gave $5 or $10 tokens,”
Crypto with Khan, a prominent crypto influencer commented .
Read more: Top 8 Hamster Kombat Alternatives in 2024
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Moreover, the airdrop was plagued by frequent postponements and abrupt rule
changes, eroding trust and patience among participants. Additionally, an
unexpected decision to withhold 11.25% of the tokens until next year further
fueled dissatisfaction.
As a result, the HMSTR token’s value plummeted shortly after launch, with
prices dropping over 60%. This decline was a major blow to investors’
confidence and financial outcomes. Hamster Kombat (HMSTR) Price Performance.
Source: TradingView
Grayscale’s Top 20 Crypto
Grayscale has updated its investment strategy , identifying 20
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта that show promise for significant gains. This selection
includes exciting additions like Sui (SUI) and Bittensor (TAO) , which align
with current market trends towards decentralized AI .
Grayscale’s strategy involves a meticulous analysis of potential market
leaders based on diverse factors from network growth to token economics. This
comprehensive approach ensures that the investment firm remains at the
forefront of market dynamics, ready to capitalize on emerging opportunities.
“The Top 20 represents a diversified set of assets across Crypto Sectors that,
in our view, have high potential over the coming quarter. Our approach
incorporates a range of factors, including network growth/adoption, upcoming
catalysts, sustainability of fundamentals, token valuation, token supply
inflation , and potential tail risks,” Grayscale said .
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Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season Grayscale
Top 20 Crypto List. Source: Grayscale
Ripple vs. XRP Drama Returns
The SEC has resumed its legal challenge against Ripple , appealing a recent
court decision that favored XRP.
The ongoing legal battle could significantly affect the classification and
regulation of XRP as a non-security. Ripple’s CEO has voiced frustration over
the SEC’s actions, emphasizing the unnecessary strain this puts on the firm
and its stakeholders.
“While we’ll fight in court for as long as we need, let’s be clear: XRP’s
status• Государство » Законы и право » Теория государства и права » Правовой статус as a non-security is the law of the land today – and that does not
change even in the face of this misguided – and infuriating – appeal,”
Garlinghouse stated .
This development has stirred the market, impacting XRP’s price. As a result,
XRP s price-action struggled during this week. Since Monday, the XRP
price has been down by over 17%.
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Read more: Ripple (XRP) Price Prediction 2024/2025/2030 XRP Price Performance.
Source: TradingView
Binance May Soon Delist These 5 Altcoins
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Binance is poised to potentially delist five altcoins, reflecting its rigorous
compliance and performance standards. The altcoins under scrutiny include
Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE).
Each of these tokens was added to Binance’s Monitoring Tag list, which signals
possible issues with volatility , trading volume, or compliance with
regulatory standards.
“Keep in mind that tokens with the Monitoring Tag are at risk of no longer
meeting our listing criteria and being delisted from the platform,” Binance
warned .
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Following the announcement, there was an immediate market reaction with a
noticeable decline in the prices of the flagged altcoins. VITE experienced the
most substantial impact, plummeting nearly 25%. The others saw declines
ranging from about 4.5% to over 15%.
Top crypto projects in the US | October 2024
Exodus Explore
Coinrule Explore
Uphold Explore
Coinbase Explore
Chain GPT Explore
Top crypto projects in the US | October 2024
Exodus Explore
Coinrule Explore
Uphold Explore
Coinbase Explore
Chain GPT Explore
Top crypto projects in the US | October 2024
Exodus
Coinrule
Uphold
Coinbase
Chain GPT
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