The cryptocurrency market is currently in a state of calm, creating a sense of anticipation among investors. Altcoins, which have seen significant drops, are poised for a potential breakout. Enthusiasts are speculating about an imminent bull run that could send prices soaring. Ethereum, in particular, is generating buzz with predictions of reaching the $10k mark soon. This article delves into the altcoins that are ready for explosive growth. The focus is on identifying those hidden gems that could generate substantial returns. The current low prices offer a unique opportunity for savvy investors. Which coins are primed to take off? Keep reading to discover the potential winners in this thrilling market landscape.

BlastUP Unveils Blastbox V2: A Goldmine of Benefits for Early Investors

BlastUP, the premier launchpad on the Blast blockchain, has unveiled Blastbox V2, fresh on the heels of an $8 million presale success. This launch offers investors another chance to get $BLASTUP tokens at presale prices, loaded with a host of perks including $BLASTUP tokens and Booster Points. As experts forecast potential returns of up to 1000%, early acquisition of BLASTUP tokens could prove to be a savvy investment.

Blastbox V2 is a gateway to exclusive privileges within the BlastUP ecosystem. Owners are set to enjoy benefits like NFT and token airdrops, membership in the exclusive BlastUP Club, and priority access to Initial DEX Offerings (IDOs).

Unlock the Full Potential of Blastbox V2

Securing a Blastbox V2 is the final opportunity to access BlastUP at the most advantageous price. The platform has already made a significant impact within the Blast blockchain, achieving 4 successful IDOs.

For those on the hunt for the next big crypto opportunity, Blastbox V2 is the answer. With only 9999 units available at launch and packed with unparalleled utility, these limited-edition loot boxes are set to sell out swiftly.

Act Now: Secure Your Blastbox V2 Before They’re Sold Out!

Toncoin Holds Strong Amid Market Volatility, Shows Potential for Bullish Surge

Toncoin (TON) is currently trading between $6.22 and $8.01, reflecting some resilience even as the market experiences turbulence. Bulls seem poised for a comeback, with the nearest resistance level at $8.98. If Toncoin breaches this level, it could climb to the second resistance at $10.77, marking a significant rise. Despite a recent drop of about 9% over the past week, Toncoin has shown an impressive gain of over 237% in the past six months. With the RSI at 39.31, indicating it’s not yet overbought, and a MACD near neutral, there’s potential for upward momentum. If bullish patterns from 2021 repeat, Toncoin might see considerable growth soon.

Celestia (TIA) Shows Resilience Amid Market Swings, Eyes $7.33 Target

Celestia (TIA) is showing hopeful signs, sitting in the $4.08-$6.21 range. Its recent 1-week price surge of over 31% suggests a potential reversal despite a rocky month. Bulls appear to have some strength as TIA approaches its nearest resistance level of $7.33. Breaking past this could open doors to the next resistance at $9.46, a potential upside of over 50% from current levels. With a Relative Strength Index of 52 and steady MACD levels, Celestia holds promise. Eyes are on the $6.99 10-day simple moving average, which, if surpassed, could indicate stronger bullish momentum ahead.

Mantle (MNT) Shows Signs of Bullish Reversal Despite Recent Price Drops

Mantle (MNT) is currently trading between $0.54 and $0.76, but the bulls might be regaining strength. With its 10-day simple moving average slightly above its 100-day average at around $0.69, and the RSI at 77.79 suggesting it’s nearing overbought territory, momentum could shift upwards soon. If MNT can break past the $0.90 resistance level, it has the potential to rise nearly 50% to the next resistance at $1.13. Current indicators and past patterns hint at a promising growth phase despite recent price slides.

Conclusion

Among the highlighted coins, TON, TIA, and MNT show potential but are expected to have slower growth in the near term. In contrast, BLASTUP stands out with the highest potential for rapid growth. Its strong concept and integration into the Blast ecosystem make it a promising investment.

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Fears over the German government’s ongoing liquidation of seized Bitcoin has ignited a 25% drop from its highs.

But Jan Sell, managing director of Coinbase Germany, says not to panic.

Selling “isn’t a particularly anti-crypto move,” he said in an interview with DL News. “It’s not an investment for them. It’s like, if they impound a car or something from people, then at some point they need to get rid of it.”

In January, Germany’s central criminal investigation agency seized 50,000 Bitcoin from Movie2k.to, a film piracy website found guilty of money laundering and other illegal activities.

The German government has transferred 40,000 Bitcoin, valued at around $2.3 billion, to various crypto exchanges — including Coinbase.

Sell said that the Bitcoin Coinbase has sold on behalf of the German government is “not a huge amount,” in terms of the volume the exchange generally sees.

He revealed that Michael Saylor’s MicroStrategy — which holds about $13 billion in Bitcoin — has bought “similar kinds of volumes” over a single weekend.

Still, the selling has certainly shaken investors.

The Crypto Fear and Greed Index, a measure of market sentiment, fell to 26 out of 100 — its lowest reading since January 2023.

And Germany isn’t the only country sitting on confiscated Bitcoin.

Onchain data compiled by Arkham Intelligence shows the US government holds over $13 billion of seized Bitcoin, while authorities in the UK hold around $3.6 billion.

Governments have previously sold confiscated crypto directly to buyers at auction. But for larger amounts it’s not easy to find bidders, leaving them no alternative but to sell the crypto on the open market.

The worry among investors is that if more governments decide to cash in their confiscated crypto, it could rock the market further.

‘Other big sales’

Since the German government started selling its Bitcoin on June 19, the top cryptocurrency has struggled to recover.

Sell said he doesn’t think the German government’s selling is wholly responsible for the drop, though.

“There’s a few other big sales going on at the moment,” he said without elaborating.

One worry is the distribution of Bitcoin from Mt. Gox, the Japanese crypto exchange that was hacked in 2014.

The defunct exchange is expected to return over 140,000 Bitcoin, worth some $8 billion, to victims this month.

Many recipients are expected to cash out.

Since Mt. Gox suspended trading over 10 years ago, Bitcoin has risen over 10,000%.

Tim Craig is a DeFi Correspondent at DL News. Got a tip? Email him at tim@dlnews.com.

The push for eco-friendly crypto mining reflects a broader commitment to environmental protection within the tech industry. BlockDAG has embraced this movement, producing energy-efficient mining units rapidly selling out. With over 8800+ units sold, the demand for BlockDAG’s eco-conscious X30 miners, designed to minimise environmental impact while maximising daily earnings, is clear. Meanwhile, Lido’s partnership with Mellow Finance and Symbiotic has driven its price surge, and ONDO’s bullish signal strong potential. As the spotlight shines on BlockDAG, it emerges as a promising crypto gem for 2024.

Lido: Strategic Partnerships Boosting Prices

Lido has announced strategic partnerships with Mellow Finance and Symbiotic, aiming to enhance the utility and liquidity of staked ETH (stETH) through advanced DeFi vaults. This alliance, forming the Lido Alliance, seeks to provide stETH holders with robust security, increased rewards, and innovative staking opportunities. Lido’s collaboration with Mellow Finance focuses on providing advanced DeFi vaults, enabling stETH holders to restake their tokens, receive Mellow Vault LRTs, and earn additional staking rewards based on their Vault’s Curator Strategy.

Following the announcement, Lido DAO (LDO) saw its price jump by 11.61% to $2.03, while stETH experienced a 4.95% increase to $3,612.47. These partnerships underscore Lido’s mission to enter the Ethereum restaking space, offering a user-friendly and secure experience with comprehensive audits and continuous monitoring.

ONDO Indicates Strong Potential

Ondo (ONDO) has shown strong potential lately, with significant price increases over the past month. According to recent data, ONDO is priced at $0.93 and ranked No. 73 in the crypto ecosystem. The past month has seen a price increase of 11.39%, adding to its current value. 

Crypto experts predict that ONDO will continue its upward trend, with price predictions indicating a potential increase to $1.17 by the end of 2024. The expected growth in ONDO’s value underscores its potential as a profitable investment, making it a candidate for crypto gems for the 2024 race.

BlockDAG’s Eco-conscious Mining: 8800+ Miners Sold

BlockDAG has taken a unique approach to crypto mining, focusing on eco-conscious methods that significantly reduce environmental impact. Unlike traditional mining processes that are resource-intensive, BlockDAG employs more energy-efficient techniques, resulting in quieter and more sustainable operations. This commitment to eco-friendly mining has resonated with the market, leading to over 8800 unit sales of BlockDAG miners.

The X30 miner, a standout in BlockDAG’s lineup, boasts a hash rate of 280 GH/s while consuming only 220 watts of power. This high hashing power per watt efficiency ensures that mining operations are powerful and sustainable. With the ability to mine Bitcoin and Kaspa, the X30 miner offers versatility and high earning potential. On average, an X30 miner can generate 600 BDAG coins daily, making it a lucrative option for new and experienced miners.

Apart from miners, investors have an opportunity to participate in BlockDAG’s presale by purchasing its BDAG coins. These coins can earn returns post-launch as their value increases with each batch surge. BlockDAG’s presale has seen impressive progress, starting at $0.001 in Batch 1 and reaching $0.014 in Batch 19. This rapid increase in value highlights the strong demand and investor confidence in BlockDAG’s future. So far, the presale has garnered $57.4 million from over 12 billion BDAG coins, with an additional $3.6 million from miner sales.

Is It Time to Check out BlockDAG?

BlockDAG’s innovative approach to eco-conscious mining and impressive miner sales underscore its potential as a leading player in the crypto market. The strategic partnerships fueling Lido’s bullish trends in ONDO further highlight the dynamic opportunities within the crypto space. BlockDAG is capturing more attention as the emerging crypto gem for 2024, following a presale that is progressing.

Join BlockDAG!
Presale: https://purchase.blockdag.network
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Trump, the presumed Republican presidential nominee, will headline the conference on July 27, speaking on the main stage in a 30-minute address. Details of what he will discuss have not been disclosed. David Bailey, CEO, BTC Inc., the organizer of the Bitcoin Conference, told Fortune in a statement that Trump will “share his vision for the future of the American Bitcoin industry and its impact on the U.S. economy.”

ANNOUNCING: PRESIDENT DONALD J. TRUMP TO SPEAK AT #BITCOIN2024 pic.twitter.com/F2mwECVMTW

— The Bitcoin Conference (@TheBitcoinConf) July 10, 2024

Other speakers at the conference include conspiracy theorists Russell Brand—who faces nine charges of alleged sexual assault in the U.K.—and Robert F. Kennedy Jr., an independent candidate running for president. Last year’s conference, held in Miami, drew in 30,000 members of the crypto community—the largest number to date.

Despite telling Fox Business in 2021 that Bitcoin “just seems like a scam,” Trump headlining the conference does not come as a surprise. In recent months, Trump has been explicit in his desire to emerge as the “crypto president.” 

In May, his campaign began accepting donations via a host of cryptocurrencies, including memecoin Shiba Inu. “As Biden piles regulations and red tape on all of us, President Trump stands ready to embrace new technologies that will Make America Great Again,” his campaign wrote in its call for crypto dollars.

Then, just weeks later, Bloomberg reported that Trump has turned to Elon Musk for guidance on his crypto policy. Shortly after, he hosted a handful of the publicly traded Bitcoin miners at his Mar-a-Lago estate. Following the visit, Trump wrote in a Truth Social that Bitcoin mining may be “our last line of defense against a CBDC,” referring to a central bank digital currency. He added that all Bitcoin should be “MADE IN THE USA!!!”

On one hand, research suggests that digital assets don’t even rank in the top 10 key issues for voters. So, why has Trump not only changed his tune on crypto, but made it a key priority in his campaign? Well, while crypto may be trumped by issues like the economy, civil rights, and immigration, a Harris Poll survey published in May found that one-fifth of voters in swing states “consider cryptocurrency policies as a topic important enough to sway their support.” In an election that has consistently been neck and neck, a few hundred thousand votes in swing states could make the difference. 

Moreover, Trump knows crypto has money—money the industry is willing to throw at pro-crypto candidates. That’s because, for crypto, a lot hinges on this election, not least because the current Securities and Exchange Commission administration’s remains hostile towards crypto. Under Chairman Gary Gensler, enforcement actions last year rose by 53% compared with the prior year, according to data compiled by the consultancy firm Cornerstone. Last year’s total of 46 actions was nearly double that of 2021, the year Gensler became chair.

As a result, crypto is throwing money at the problem. As of May 31, the political action committee Fairshake raised around $178 million to lobby crypto-friendly candidates. Meanwhile, fellow PAC Stand with Crypto, launched by Coinbase, saw its membership surpass 1 million on June 4, surging immediately after President Joe Biden’s May 31 veto of SAB 121, a measure that would have overturned the SEC’s policy that prevents traditional financial companies from holding on to their customers’ crypto on their behalf. Stand with Crypto has raised around $179 million so far.

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Given the current market conditions where the direction is still uncertain, it gets difficult to identify altcoins with maximum potential. However, despite this, there are several undervalued projects that are being unfairly dragged down by the overall market trends. Analyst Altcoin Buzz gave a list of four coins, worth looking into. Here’s the list:

Coin 1: Akash Network

First on his list is Akash Network, active in both the decentralized computing (DePIN) and artificial intelligence (AI) sectors. These are among the hottest narratives in the current bull run. Akash started as a decentralized computation marketplace, allowing users to rent out their excess GPU capacity at a lower cost compared to major cloud providers.

Moreover, Grayscale has added Akash to its list of high-potential assets for Q3 2024. Despite the overall market downturn, Akash has shown favorable price movements, offering a glimmer of hope amidst the broader market decline.

Coin 2: Morpheus Labs

Next, on his list is Morpheus Labs, which assists Web2 companies in transitioning to Web3 using a low-code platform and AI tools. Morpheus Labs boasts partnerships with major players like Alibaba Cloud, Huawei Cloud, Amazon Web Services, Tencent Cloud, JP Games, Elrond, and Ant Group. Their ecosystem offers Layer Two scalable solutions, sharding for parallel processing, and off-chain computing to reduce on-chain burdens.

Coin 3: Graphlinq

Third on his list is Graphlinq, firmly positioned in the AI sector. Graphlinq offers no-code Web3 automation along with its own chain and token standard. The protocol is multi-chain and facilitates easy deployment and management of dApps. With 170 million GLQ in total value locked (TVL) on its chain, valued at approximately $14 million, Graphlinq is active in the DeFi space and makes an interesting coin.

Coin 4: Clearpool

Last was Clearpool, a player in the real-world assets (RWA) sector. Clearpool operates a decentralized marketplace on Ethereum and Polygon for credit loans. To date, it has facilitated loans totaling $562 million with a TVL of $81 million. The RWA space is projected to grow into a $6 trillion market by 2030, and BlackRock’s entry into this market signals its potential. Despite a price increase over the past year, Clearpool’s market cap still offers growth potential.

Today, Binance, the world’s largest crypto exchange, announced its support for the $RNDR token swap to $RENDER, with a 1:1 conversion ratio.

This development solidifies $RENDER as a true Solana ecosystem coin, potentially setting the stage for significant growth with Solana Breakpoint as a major catalyst.

BREAKING: @binance, the world’s largest crypto exchange supports the $RNDR token swap to $RENDER!

This makes $RENDER a true Solana ecosystem coin!

Solana breakpoint could become a major catalyst for $RENDER!! pic.twitter.com/qFWFPS69Fj

— D0c Crypto (@TheRealD0c) July 10, 2024

This move aligns $RENDER with other leading crypto exchanges, as Binance joins Coinbase and OKX in supporting the token. This widespread exchange support underscores the growing importance of $RENDER in the cryptocurrency market.

BINANCE ANNOUNCES SUPPORT FOR $RNDR $RENDER SWAP!

The top 3 crypto exchanges in the world Binance, Coinbase, OKX now supports $RENDER.. LFG!! pic.twitter.com/0AmyGe3E2T

— MachineAlpha (@Machine4lpha) July 10, 2024

On-chain reports highlight a notable activity involving a prominent whale with a 100% winning rate over the past three months with $PEPE. Two hours ago, this whale deposited 84,465 RNDR tokens into Binance, which were originally acquired in March this year. If sold, this transaction would result in a loss of $448,000.

$RENDER Trader Records 60% Winning Rate On Trades Despite Running Into Occasional Losses

Interestingly, this whale has a history of trading $RNDR in various bands. From February 2024 to the present, they have executed five trades with a winning rate of 60%. However, despite some profitable trades, the cumulative loss stands at $276,000, mainly due to recent losses. Prior to these setbacks, the whale had accumulated total profits of $170,000.

「过去三个月 $PEPE 波段胜率 100% 巨鲸」两小时前将今年三月建仓的 84465 枚 RNDR 充值进了 #Binance，若全部卖出将亏损 44.8 万美金

我发现这位大佬就是喜欢做各种波段啊 —— 从 2024.02 开始到现在一共做了五次 $RNDR 的波段，胜率 60%，累计亏损 27.6… https://t.co/yJq39PrOyO pic.twitter.com/inh0TV464R

— Ai 姨 (@ai_9684xtpa) July 10, 2024

The support from major exchanges like Binance, combined with significant market activities, positions $RENDER for potential growth within the Solana ecosystem. As $RENDER gains more traction and visibility, its role in the DeFi space could expand, offering more opportunities for traders and investors alike.

Overall, the token swap from $RNDR to $RENDER and the support from leading exchanges mark a pivotal moment for $RENDER, enhancing its liquidity and integration within the Solana ecosystem. As the market evolves, $RENDER’s strengthened position could drive further adoption and utilization in the crypto community.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Malaysia’s Deputy Minister for Energy Transition, Akmal Nasrullah Mohd Nasir, announced that Malaysia has lost approximately RM3.4 billion ($723 million) to electricity theft from 2018 to 2023, primarily due to cryptocurrency mining,

This theft poses a significant challenge to the country’s energy sector, impacting both the national power operator Tenaga Nasional Berhad (TNB) and individual consumers.

The Malaysian government is actively working to bolster its green and renewable energy capacities. This dual approach aims to promote energy sustainability and mitigate substantial losses attributed to illicit mining activities.

In a local report, Akmal Nasrullah emphasized that while cryptocurrency mining itself is legal, the unauthorized use of electricity to power these operations is illegal. Malaysian energy authorities have implemented various measures to monitor high energy consumption and have conducted numerous crackdowns since 2019, resulting in several arrests.

Kerajaan heboh nak laksanakan agenda peralihan tenaga sebab nak tambah sumber tenaga yang baru.

Tapi dalam masa yang sama kecurian elektrik sampai ratusan juta, ada tahun mencecah berbilion ringgit setahun berlaku di negara kita.

Ironi sungguh. pic.twitter.com/ZkWz7eIWrn

— Akmal Nasir (@akmalnasir) July 10, 2024

Recently, during an event in Balakong, Akmal Nasrullah highlighted the government’s vigorous efforts against such illegal practices. Energy companies have conducted 865 raids to investigate electricity theft cases, seizing over 2,000 items, including Bitcoin mining machines and unauthorized electrical equipment valued at around RM2.2 million ($467,000). These items were disposed of in accordance with strict legal and environmental protocols.

In a related development, Malaysia’s Inland Revenue Board (IRB), alongside police and cybersecurity experts, launched ‘Ops Token‘ to target cryptocurrency traders evading taxes. This operation led to raids on ten locations in the Klang Valley region, recovering substantial amounts of unreported profits.

Also read: Bybit Moves Staff from China to Malaysia and Dubai

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The crypto prices today have carried an uncertain momentum, piquing significant investor attention. Bitcoin (BTC) reverted its recent gains to rest at the $57K mark, while Ethereum (ETH) and Solana (SOL) dipped into the red zone, battling volatility. However, XRP traded in the green zone today, followed by Stack (STX) and Lido DAO (LDO), surfacing as the day’s top gainers.

Besides, the global crypto market cap witnessed a 0.56% decline to reach $2.12 trillion today. Moreover, the total crypto market volume from yesterday saw a slight 1.49% decrease to $63.61 billion.

Here’s a quick overview of some of the top cryptocurrencies and their price movements today, July 11.

Top Crypto Prices Today

Bitcoin Price

BTC price experienced a 1.17% fall over the past day to reach $57,461. Its 24-hour bottoms and highs were recorded as $57,093.71 and $59,359.43, underscoring a highly volatile movement.

Despite the U.S. spot Bitcoin ETFs recording continued inflows, BTC’s tumbled movement has ignited investor concerns. Data by Soso Value shows that the U.S. spot Bitcoin ETFs saw $147.37 million in inflows as of July 10, contrasting with the token’s current price trajectory.

Also, the flagship crypto’s market dominance saw a 0.28% decrease to 53.47% today.

Ethereum Price

Meanwhile, although ETH managed to hold firm above $3K, the token’s price saw a 0.25% dip at press time to $3,078.63. Ethereum’s 24-hour lows and highs were $3,055.95 and $3,148.41, respectively.

A recent report by CoinGape Media spotlighted that the token faces significant resistance at the $3.2K level, although a bullish catalyst in the pipeline might reduce the pressure faced by Ethereum at this resistance.

Solana Price

Whereas, the crypto SOL witnessed a 1.50% decline to trade at $140.52 today. Solana’s 24-hour slumps and peaks were recorded as $139.47 and $145.85, respectively.

It’s worth mentioning that despite the lack of a futures market, VanEck’s Head of Digital Assets Research has maintained a strong stance on the imminent launch of a SOL ETF.

XRP Price

On the other hand, the Ripple Labs-backed crypto jumped 0.58% today to trade at $0.4409. XRP’s 24-hour lows and highs were recorded as $0.4317 and $0.4429, respectively.

DOGE & SHIB Prices

Dogecoin (DOGE) price dipped 1.11% to $0.1075 today, whereas Shiba Inu (SHIB) price slipped 1.65% to $0.00001635.

Intriguingly, the meme coins that defied the broader market trend to experience gains today were BabyDoge Coin, Mog Coin (MOG), and Book of Meme (BOME).

Top Crypto Gainers Today

Stacks (STX) price rallied 13.38% to $1.57.
Lido DAO (LDO) price surged 6% to $1.64.
zkSync (ZK) price soared 5.59% to $0.1608
Ondo (ONDO) price saw a 5.25% upswing to $0.9895.

Also Read: Institutional FOMO On Spot Bitcoin ETF As German Govt Continues BTC Sell-off

Top Crypto Losers Today

Notcoin (NOT) price plunged 7.18% to $0.01559.
Flare (FLR) price saw a pullback of 5.31% to $0.01855.
Celestia (TIA) price followed, slipping 5.08% to $6.91.
Ethereum Name Service (ENS) tumbled 5% to $25.90.

However, hourly time frame charts illustrate that BTC and ETH gained 0.46% and 0.39%, respectively. Simultaneously, the altcoin sector followed the upward movement during the same time frame, sparking discussions.

Also Read: Terra Classic Staking Nears ATH As Dev Reveals Update, LUNC OI Jumps 20%

The share of cryptocurrency startups launching in Africa and Asia increased to their highest levels ever in the first half of 2024, snatching share from the United States and Canada amid recent regulatory uncertainty. 

According to a July 10 X article by blockchain startup accelerator and founder community Alliance, Europe overtook the US and Canada as the leading place for new cryptocurrency startups in H1, making up a 31.4% share, while Asia came third place with a 26.8% share.

Alliance DAO’s Qiao Wang and “Chloexyg” believe the trend could be due to regulatory uncertainties in the US and digital asset applications seeing more adoption in emerging markets.

Africa also saw its share rise to 5.2% — slightly below Latin America — while Oceania, comprising mostly Australia and New Zealand, saw only 1.8% of the total crypto startups in the first half of the year. 

Alliance said it compiled the data through the 3,000 annual applications it receives for its startup accelerator program.

“Because of the sheer sample size and the fact that we are relatively agnostic to these factors, we are able to derive unique insights into where the industry is heading.”

The same regulatory uncertainties cited by Alliance forced self-custody service providers Phoenix Wallet and Wasabi Wallet to recently exit the US market, while several other firms have expanded elsewhere too.

Many have blamed the US Securities and Exchange Commission’s regulation-by-enforcement approach.

Meanwhile, the number of startup founders coming from big tech firms has fallen more than 15 percentage points since 2021, Alliance’s data shows.

Related: Binance, Coinbase and Gemini staff are among the least happy, data suggests

There’s also been a similar fall in the number of founders that come from a top 100-ranked university.

About 39% of startups were launched by a solo founder, while 51% of startups comprised teams between 2-5 members.

Magazine: Meet the hackers who can help get your crypto life savings back