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NFTs are Back: How Bitcoin and Ethereum are Driving the Market

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Introduction

The cryptocurrency market and its ecosystem seem to be recovering after a long bear market. In this blog post, we will discuss the latest trends in the NFT market and how they are connected to the rise in Bitcoin and Ethereum prices.

NFT Market Overview

At the time of publication, cryptocurrencies like Bitcoin and Ethereum were up 30% and 28% from the month-ago date, respectively, according to CoinMarketCap data. Even the NFT space, which took a tumble after its latest hype cycle in 2021 and 2022, has seen total sales increase 64% in the past 30 days, according to CryptoSlam. The top three blockchains by NFT sales volume were Ethereum, Bitcoin and Solana, and all of them saw sales increase (44%, 1,222% and 56%, respectively) in that time frame.

NFT Transactions

For instance, NFT transactions are the leading Ethereum use case, which Kendrick predicts will expand. Though he acknowledges that NFT market activity has faded, digital art prices generally follow broader crypto price flows — with the “crypto winter” ending, NFTs should recover as well.

Bitcoin Blockchain

In November, sales of non-fungible tokens (NFTs) experienced a notable surge, with a 129.01% increase in sales volume compared to October. Additionally, NFTs created on the Bitcoin blockchain surpassed those on Ethereum in sales this past month.

Ethereum-based Blue-Chip NFT Projects

Amid a general decline in interest in profile-picture NFTs (PFPs), the floor prices of Ethereum-based Blue-Chip NFT projects have declined by an average of 82.8% (or 34.6 ETH) from their all-time highs (ATHs), CoinGecko found in a new report.

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Conclusion

In conclusion, the NFT winter seems to be over as the sales of NFTs have increased significantly in the past month. The top three blockchains by NFT sales volume were Ethereum, Bitcoin and Solana, and all of them saw sales increase in that time frame. NFT transactions are the leading Ethereum use case, which Kendrick predicts will expand. Digital art prices generally follow broader crypto price flows — with the “crypto winter” ending, NFTs should recover as well. However, amid a general decline in interest in profile-picture NFTs (PFPs), the floor prices of Ethereum-based Blue-Chip NFT projects have declined by an average of 82.8% from their all-time highs.

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Ten Reasons How Blum Will Stun Users with Massive Airdrop

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Blum is an innovative Telegram mini-app that has rapidly gained traction in the crypto community since its launch in late April 2024. Combining the best features of centralized and decentralized exchanges, Blum offers users a unique hybrid trading experience directly within the Telegram platform. With over 10 million users in just two months, it has become a viral sensation, engaging users through interactive features like the Drop Game and task-based rewards.As Blum prepares for its official token listing, the excitement surrounding its $BLUM token is palpable. The airdrop campaign, which commenced in June, aims to distribute free tokens to participants, further incentivizing user engagement. Selected for Binance’s Most Valuable Builder (MVB) Accelerator Program, Blum is positioned to transform how users interact with cryptocurrency, making it accessible and enjoyable for everyone.

1. Significant Token Distribution

Blum is set to distribute 30,0000 BLUM tokens to early participants, making it a lucrative opportunity for users to gain substantial assets before trading begins[2].

2. Strategic Timing

The airdrop starts in October, 2024, aligning with a robust marketing campaign to maximize user engagement and visibility[1].

3. High Initial Interest

With a projected initial price of $0.03 to $0.05, early adopters could see their investments multiply significantly as trading begins[2][5].

4. Community Engagement

Blum’s airdrop aims to foster a strong community by encouraging participation through social media tasks, enhancing user interaction and loyalty[2].

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5. Potential for Price Surge

Analysts predict that Blum could reach up to $0.20 by the end of 2025, driven by community support and market dynamics[1][3].

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6. Comparison to Successful Tokens

Blum is being compared to successful projects like DOGS Coin, suggesting it has the potential for similar explosive growth and market presence[1][2].

7. Future Roadmap

Blum’s strategic roadmap includes launching a decentralized platform and integrating DeFi tools, which could enhance its value proposition and attract more users[1].

8. Broad Exchange Listings

Blum is expected to be listed on major exchanges like Binance by early October, increasing accessibility for traders and investors alike[3][6].

9. Market Cap Potential

With an initial market cap of around $1 billion, Blum’s growth could attract significant investor interest, further driving up its price post-listing[2].

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10. Long-Term Value Predictions

Some forecasts suggest that Blum could reach as high as $50 in the long term, making it an attractive option for early investors looking for high returns[4][5].

Conclusion

Blum’s upcoming airdrop and strategic initiatives position it as a promising player in the crypto market. With its significant token distribution, community engagement strategies, and optimistic price predictions, users have compelling reasons to participate in this exciting opportunity.

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10 Surprising Reasons Telegram Mini Apps Are Redefining Crypto Engagement—Join the Movement Now!

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Introduction

In recent years, Telegram Mini Apps have emerged as a transformative force in the crypto world. These lightweight applications, integrated within the Telegram messaging platform, have revolutionized how users engage with cryptocurrencies and blockchain technology. This blog post explores ten reasons why Telegram Mini Apps have taken the crypto world by storm and discusses their implications and prospects for those looking to familiarize themselves with the crypto landscape.

1. Massive User Base

Telegram boasts over 800 million monthly active users, providing a vast audience for mini apps[2][3]. This extensive reach allows developers to introduce cryptocurrencies to a broad demographic, significantly enhancing adoption rates.

2. Seamless Integration

Telegram Mini Apps are designed to work seamlessly within the platform, offering functionalities similar to traditional websites without requiring users to leave the app[5]. This integration simplifies user interaction with Web3 services, making it easier for newcomers to explore crypto opportunities.

3. Gamification and Engagement

Mini apps like Notcoin and Hamster Kombat leverage gamification to engage users[1][3]. By incorporating game-like elements, these apps make learning about and using cryptocurrencies enjoyable, attracting millions of daily active users.

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4. Decentralization and Web3 Adoption

Telegram Mini Apps promote decentralization by integrating blockchain technologies into widely accessible applications[4][5]. This alignment with Web3 principles encourages the adoption of decentralized finance (DeFi) and other blockchain-based services.

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5. Monetization Opportunities

Developers can monetize mini apps through in-app purchases, advertisements, and tailored notifications[2]. This potential for revenue generation incentivizes the creation of innovative apps, further driving user engagement and platform growth.

6. Secure Communication

Telegram’s focus on privacy and security makes it an ideal platform for crypto interactions[5]. Users can engage in secure transactions and communications, fostering trust in blockchain technology.

7. Community Building

The platform’s community-building capabilities support the development of vibrant crypto communities[6]. Mini apps facilitate direct marketing and engagement with users, enhancing community interaction and loyalty.

8. Payment Gateway Integration

Telegram Mini Apps support integrated payments via Google Pay, Apple Pay, and Toncoin, enabling seamless transactions within the app[5][6]. This functionality simplifies financial interactions for both fiat and cryptocurrencies.

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9. Simplified User Experience

By offering a unified interface for DeFi interactions, mini apps make managing investments and trading assets more accessible[6]. This streamlined experience is crucial for attracting new users to the crypto space.

10. Future Prospects

With ongoing innovation in the mini app space, Telegram is poised to become a super-app platform[5]. The continuous development of these apps will likely drive further adoption of blockchain technology among users unfamiliar with it.

Implications for Crypto Adoption

Telegram Mini Apps have significant implications for crypto adoption:

  • Wider Reach: By tapping into Telegram’s user base, mini apps can introduce cryptocurrencies to a global audience.
  • Increased Engagement: Gamification and community-building features enhance user engagement, promoting long-term involvement in crypto activities.
  • Enhanced Security: Secure communication channels within Telegram build trust among users exploring blockchain technologies.
  • Simplified Onboarding: The seamless integration of mini apps lowers barriers to entry for new users, facilitating easier onboarding into the crypto world.
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Prospects for Getting Familiar with Crypto

For individuals looking to familiarize themselves with cryptocurrencies:

  • Explore Mini Apps: Engaging with Telegram Mini Apps provides hands-on experience with various crypto services.
  • Join Communities: Participating in Telegram-based communities offers insights into market trends and developments.
  • Utilize Resources: Leverage educational materials available within mini apps to deepen your understanding of blockchain technology.

Conclusion

Telegram Mini Apps have undeniably taken the crypto world by storm by providing innovative solutions that enhance user engagement and simplify interactions with blockchain technology. As these apps continue to evolve, they hold immense potential for driving widespread adoption of cryptocurrencies and introducing new users to the dynamic world of Web3.

Citations:
[1] Are Telegram Mini Apps a New Global Trend for Crypto? https://hackernoon.com/are-telegram-mini-apps-a-new-global-trend-for-crypto
[2] Telegram Mini Apps Pave the Way For A New Era of Crypto Adoption https://nftnewstoday.com/2024/05/23/telegram-mini-apps-pave-the-way-for-a-new-era-of-crypto-adoption/
[3] Telegram Mini Apps: Revolutionizing Crypto Adoption … – NFTmetria https://nftmetria.com/nft-news/telegram-mini-apps/
[4] History of Telegram Mini Apps and the Web3 Tap To Earn Trends https://blog.mexc.com/history-of-telegram-mini-apps-and-the-web3-tap-to-earn-trends-creator-kubiat/
[5] What are Mini Apps in Telegram’s Web3 ecosystem? – Cointelegraph https://cointelegraph.com/learn/mini-apps-in-telegram-web3-ecosystem
[6] What Do Telegram Mini-Apps Mean For The Web3 Industry? https://coinpresso.io/blog/what-do-telegram-mini-apps-mean-for-the-web3-industry
[7] Trend Spotting: Telegram Game Mini Apps – CleevioX https://www.cleeviox.com/blog/telegram-mini-apps-the-new-gateway-to-crypto
[8] Rise of Telegram Mini Apps: How it started, and how it’s going – Bitget https://www.bitget.com/news/detail/12560604177098

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Claim Your Share: The Top Airdrops This September That Could Make You Rich!

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September is a vibrant month for airdrops in the cryptocurrency world, with numerous opportunities available for enthusiasts. Following the successful $DOGS airdrop in August, excitement has surged, prompting various projects to announce their own airdrops, including $CATS, $GOATS, XEmpire, and more.

Upcoming Airdrop Schedule

  • W-Coin (September 15)
    W-Coin has quickly established itself in the crypto space with its tap-to-earn model, rewarding users for task completion and social media engagement.
  • $GOATS (September 15)
    This new tap-to-earn game, launched shortly after $DOGS, has garnered significant interest due to its unique goat-themed concept.
  • $CATS (September 16)
    Following the success of $DOGS, $CATS has announced its Token Generation Event (TGE) and airdrop, promising exciting rewards for participants.
  • Catizen AI (September 20)
    With the motto “Play For Airdrop, Heal the World,” Catizen AI is launching its Game Centre and airdrop after overcoming initial delays.
  • Rocky Rabbit (September 23)
    This smaller project is generating buzz within its close-knit community, potentially offering higher rewards due to its limited participant pool.
  • $HMSTR (September 26)
    Despite facing delays, the $HMSTR airdrop for Hamster Kombat remains highly anticipated, with many eager to claim their tokens.
  • XEmpire (September 30)
    Inspired by Elon Musk, XEmpire is set to launch its airdrop, combining innovative gameplay with a strong community following.

This month promises to be filled with opportunities for crypto enthusiasts to capitalize on these airdrops.

Citations:
[1] Best Upcoming Crypto Airdrops List September 2024 | CoinEx https://www.coinex.com/en/blog/9076-crypto-airdrops-list-2024
[2] Crypto Airdrops of September 2024: Live and Upcoming https://coinairdrops.com
[3] 3 TON Airdrops For September: Full Details Revealed – BeInCrypto https://beincrypto.com/ton-airdrop-september-full-details/
[4] 5 Telegram Crypto Airdrops Launching This September – YouTube https://www.youtube.com/watch?v=fJ3nPzVZiPM
[5] Crypto Airdrops List September 2024 » Find free airdrops & bounties! https://airdrops.io
[6] Latest Crypto Airdrops September 2024 – Airdrops.io https://airdrops.io/latest/
[7] All actual airdrops of the 2024 year – incrypted https://incrypted.com/en/airdrops/
[8] Telegram Airdrop listing dates: Major, MemeFi, LostDogs, TAP https://www.coingabbar.com/en/crypto-blogs-details/telegram-airdrop-listing-dates-tonstation-lostdogs-catizen-blum

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