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Good day InLeo click that link to create your own FREE InLeo account and start earning Leo today! Today's crypto currency News is cram packed with a lot of recent developments across the sector.
So lets take a look across the many changes that are taking the sector by storm!
Major Developments In Crypto
Bitcoin seems to be tracking down as we move closer to the June 30 end of financial year for many countries around the globe. Many will be realizing their gains or losses in order to meet their tax obligations so we anticipate the next few weeks to be a bit rocky.
Similar things can be seen with Ethereum as it tracks lower as well as all other crypto currencies in the current past few months. None of this is outside of the ordinary from previous years as the market prepares for a tax period.
Although we do have some good news on the horizon that could potentially see interest in Bitcoin and a bull run of additional funds occur this Friday as 25% of the Bitcoin and Ethereum Options end this Friday
Beyond that, I want to raise a question Is Julian Assange Satoshi Nakamoto the two were apparently known to each other from day one. Wikileaks has pretty much accepted Bitcoin donations since day 1. Now that Assange is FREE, we are seeing a lot of Bitcoin history and the wikileaks founder come out. hmmmmmmmmmmmmmmmmmm.
Bad News on The Ethereum Front
we've got some bad news on the Ethereum front though with it's passed EIP's supposed to reduce inflation the latest data shows Ethereum has been suffering inflation issues for 73 days straight. A core reason for this is the Dencun upgrade has done, well. Too good of a job in relation to freeing up congestion and now there is just not enough competition on the mainnet.
The inflation has added an additional 112,000 a whopping USD 378,560,000 Million! since April 14 but it isn't all bad news as despite the current inflation the overall amount of Ethereum is still decreasing with more than 1.5 Billion Ethereum burned (too big of a number value for my calculator to work out currently but it is alot!. while only 1.3 Billion has been added through inflation resulting in a net reduction.
Meme Coins Reign Supreme
Solana has seen continued growth mainly due to the ongoing launches of multiple meme coins that just keep launching seeing people jump from meme to meme coin and they have become the most popular tokens and assets in 2024. It just goes to show, shitcoins are the new winning coins.
Throughout all of human history, who would have thought investing in useless junk would provide an avenue to grow in comparison to investing in adequate functioning projects.
Anyway peeps! A quick one from me today I hope you enjoyed today's instalment don't forget to upvote and reblog!
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Posted Using InLeo Alpha