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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

How Likely Is an SEC Appeal in the Ripple (XRP) Lawsuit? Lawyer Chips In

4 days ago

TL;DR
A potential appeal by the SEC is becoming more likely, with one expert estimating a 60% chance.
However, he doesn’t have the best track history when it comes to this particular case.

An Appeal on the Horizon?
Despite the recent developments, the legal battle between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing. The latest important ruling occurred in August when Federal Judge Torres determined that the sales of XRP on secondary markets to retail investors did not constitute securities transactions. However, she ordered Ripple to pay $125 million for violating certain securities laws. 
The amount represents just a fraction of the $2 billion the regulator initially insisted on. This caused speculation that the agency would appeal the

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Shiba Inu Inks an Important Partnership to Foster the Development of Shibarium: Details

4 days ago

TL;DR
Shiba Inu collaborates with Zama to integrate Fully Homomorphic Encryption (FHE) into its Shibarium layer-2 solution, aiming to enhance data privacy and security for transactions and smart contracts.
Despite the development, SHIB’s price fell by over 6% in the past 24 hours. However, it remains up on a two-week scale due to recent rallies.

Shiba Inu’s Latest Collaboration
Shibarium’s Marketing Strategist, using the X handle LUCIE, revealed that Shiba Inu shook hands with the open-source cryptography company Zama. The goal is to enhance the capability of the meme coin’s ecosystem by mainly focusing on the layer-2 scaling solution.
“A crucial component of this evolution is Fully Homomorphic Encryption (FHE), a groundbreaking technology that allows crypto transactions

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Top 10 Cryptocurrencies by ‘Notable Development Activity’ (Santiment)

6 days ago

TL;DR
Internet Computer (ICP) came first for the second time in a row.
Cardano (ADA), whose price spiked substantially in the past weeks, is also included in the top 10 list.

The Latest Ranking
Crypto analytics platform Santiment estimated that Internet Computer (ICP) ranked first in terms of “notable development activity” in the last 30 days, with a score of 740.7. The token also topped last month’s ranking.
ICP experienced a substantial uptick in the past year, with its price soaring by 215% for that period. It reached a local top of almost $20 in March 2024 before retracing to its current $9.50 (per CoinGecko’s data). ICP’s market capitalization is almost $4.5 billion, making it the second-largest AI-related cryptocurrency (trailing behind NEAR).
Chainlink (LINK) took

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Critical Alert by the Shiba Inu (SHIB) Team: Telegram Users Beware

8 days ago

TL;DR
Shibarmy Scam Alerts warned SHIB users about bad actors impersonating admins on Telegram and urged them to verify profiles before engaging.
They also cautioned against fake Treat tokens, reminding the community that the meme coin hasn’t been released yet.

Watch Out for This Scam
The team behind Shibarmy Scam Alerts warned Shiba Inu (SHIB) users to be extra cautious when messaging dubious individuals on Telegram. The working group argued that scammers had created fake profiles of admins and moderators on the application with the sole purpose of conning victims.  
“They are using the BIO section to display the username, making their profiles look authentic at first glance,” the warning reads.
The team said SHIB developers will never contact users to provide support or

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Huge Ripple (XRP) Rally Possible in October According to This Analyst but is it Realistic?

9 days ago

TL;DR
A popular analyst expects an Uptober for XRP, driven by the potential resolution of the Ripple v. SEC lawsuit and increased adoption.
EGRAG CRYPTO predicts XRP could reach a new all-time high of $13 in the following months, though this is considered unlikely.

The XRP Army is Waiting for Uptober
October is a typically bullish month for the cryptocurrency market, with the prices of Bitcoin (BTC) and other leading digital assets often recording substantial gains during this period in the past years. As such, many industry participants refer to it as Uptober.
One market observer expecting the month to be highly bullish for Ripple’s XRP is the popular X user JackTheRippler. The analyst outlined several factors that could contribute to a price rally, starting with the

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Watch Out: Shiba Inu Team Issues a Major Warning About This Dangerous Scam

10 days ago

TL;DR
The SHIB community has been warned about fake Treat tokens being promoted by scammers.
The ShibArmy is urged to stay vigilant, verify information through trusted sources, and report any suspicious activity.

Beware of Fake Tokens
The popular meme coin Shiba Inu (SHIB) has one of the largest communities in the crypto world, encompassing millions of investors and proponents. As such, it is no wonder that some members are often targeted by bad actors who come up with original ways to drain their funds.
Shibarmy Scam Alerts (an X account focused on the security of the SHIB community) recently warned “Shibarians, Shibizens, and all members of the wider crypto space” to be extra cautious due to fake Treat tokens that are endorsed by scammers. The team reminded that TREAT

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Binance Makes an Important Announcement for September 25: Here’s What You Need to Know

11 days ago

TL;DR
Binance will perform a system upgrade on September 25, lasting around three hours, during which users may experience temporary interruptions in services like account login, trading, and other features.
The company assures users there is no risk for their funds, recommending they take precautions such as adjusting account positions, while API trading will remain available during the upgrade.

Rest Assured, Data and Assets Will Not be Affected
Binance will conduct a service upgrade on September 25 “to improve the overall system performance and stability.” The effort will take approximately three hours, and users may experience certain setbacks during that time. 
“There may be intermittent interruptions to all Binance services during the upgrade, including account

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These Are the Top 10 AI Cryptocurrencies by Development Activity

13 days ago

TL;DR
Santiment ranked Oasis Network (ROSE) as the top AI cryptocurrency in development activity.
Despite its 80% price rally over the past month, Artificial Superintelligence Alliance (FET) did not make the list.

The Leaderboard
Artificial Intelligence (AI) cryptocurrencies have been quite trendy lately due to the rising prices of many of the tokens encompassing that niche. The crypto analytics platform Santiment recently ranked the top 10 such assets in terms of monthly development activity, and in the following lines, we will present the results.
Oasis Network (ROSE) took first place with a score of 85.07. Near Protocol (NEAR), the largest AI-related cryptocurrency by market capitalization, occupied the second place. It is worth mentioning that the coin topped the

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Pi Network (PI) News Recap: Here’s What Happened in the Past 30 Days

13 days ago

TL;DR
Pi Network extended its KYC and mainnet migration deadlines to November 30 and December 31, 2024, frustrating some users who suspect further delays in launching the mainnet.
Despite community skepticism, the Pi Core Team announced that the mainnet open roadmap, enabling the official trading of Pi tokens, will be revealed in December 2024.

Most Important Recent Updates
Pi Network has been around for years, but it remains one of the most controversial projects in the cryptocurrency industry. While it aims to allow users to mine and earn digital assets directly from their smartphones, the uncertainty of when a native token and mainnet will be introduced keeps raising eyebrows across the community. 
Over the past month, the team behind Pi Network announced several

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Top Shiba Inu Recent Price Predictions, How High Can SHIB Go?

14 days ago

TL;DR
Shiba Inu (SHIB) recently hit a three-week high, with some analysts predicting a potential massive bull run, though highly ambitious price targets seem unlikely.
Rising social engagement and positive sentiment on platforms like LunarCrush suggest the meme coin may see further gains in the near future.

Is SHIB Ready for New Glory Days?
The second-biggest meme coin in terms of market capitalization has performed quite well lately, with its price surging to a three-week high on September 19. In fact, it is among the cryptocurrencies registering the highest increase following the US Fed’s decision to cut rates by 0.5%.
Certain analysts believe the asset is yet to reach new peaks, with some outlining somewhat ridiculous targets. Not long ago, X user pepa argued the SHIB

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Key Shibarium Indicator Soars by 70% as the Shiba Inu (SHIB) Price Flashes Green: Details

15 days ago

TL;DR
Shibarium saw a 70% spike in daily transactions, signaling renewed activity.
SHIB’s price surged nearly 10%, but caution is advised due to possible overbought conditions.

Finally a Resurgence
Shiba Inu’s layer-2 scaling solution has seen low activity in the past several weeks, stalling its progress observed at the start of the year. However, some metrics have taken off in the last 24 hours.
Data shows that the network processed 7,715 new transactions on September 18, a 70% increase compared to the 4,537 on September 17.
Other Shibarium indicators that have headed north on a daily scale include the number of new verified contracts and active accounts.
The L2 blockchain solution officially went live last August. It is specifically designed to foster the development of

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Ripple v. SEC Lawsuit Recap September 18th

16 days ago

TL;DR
Ripple’s legal battle with the SEC nears a potential conclusion after Judge Torres ordered the company to pay a reduced $125 million fine.
The firm recently requested a stay on the payment, sparking speculation about a possible SEC appeal before the October 6 deadline. Experts suggest this move could buy time for further legal maneuvers.

The Calm Before the Storm?
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for almost four years and remains one of the hottest topics in the cryptocurrency space. Recall that the regulator sued the company in December 2020, accusing it of raising more than $1.3 billion in an unregistered securities offering by selling its native token, XRP.
The end of the battle seems inevitable,

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Bitcoin (BTC) Price Predictions: Big Bull Run or a Depressing Bear Market Ahead?

17 days ago

TL;DR
Bitcoin shows signs of a potential rally, with some analysts predicting a jump to a new all-time high.
Conversely, increased exchange inflows suggest possible short-term selling pressure.

Good News for the Bulls?
Bitcoin’s price witnessed enhanced ups and downs in the past week, ranging from $56,000 to over $60,500. Currently, it trades at around $59,200, representing a 1% increase on a daily scale.
BTC Price, Source: CoinGeckoDespite its wobbly performance lately, numerous industry participants believe a substantial rally could be just around the corner. The X user Satoshi Flipper noted BTC’s recent uptick above $59K, claiming the calls for a rise to as high as $64,000 “are getting louder and louder.”
Elja (an X user with almost 700,000 followers) envisioned that a

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Important Deadline for Pi Network Users: Here’s What You Need to Know

17 days ago

TL;DR
Pi Network set a deadline of September 30, 2024, for users to complete KYC verification and for miners to deposit their NFTs on PiBridge.
The Pi Core Team plans to reveal the mainnet open roadmap in December 2024, aiming to enable official token transactions.

Closing Time in Less Than Two Weeks
Pi Network is a cryptocurrency project whose goal is to allow users to mine and earn digital assets on their mobile devices. Not long ago, it celebrated 2,000 days since its official launch in March 2019. 
Nonetheless, some members of the crypto community remain suspicious about the project’s success since there is no clear indication of when users can expect the introduction of an open mainnet and a native token.
Pi Network’s team previously claimed that over 13 million

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Major Warning Concerning Shiba Inu (SHIB) Users

18 days ago

TL;DR
The SHIB team warns of rising scams exploiting Ryoshi’s name, urging users to stay vigilant.
Shiba Inu’s founder, Ryoshi, passed the torch to Shytoshi Kusama who plans to hand over control to the community soon.

Not Everything is as It Seems
Shibarmy Scam Alerts (the X account focused on protecting SHIB users from various threats) warned there is a rising number of bad actors who misuse the name of Ryoshi to attract attention and thus deceive members within the ecosystem. Ryoshi is considered the pseudonymous founder of Shiba Inu, and their identity remains unknown.
“After unveiling the roadmap, Ryoshi made it clear that there would come a time when they would quietly step away, leaving the project entirely in the hands of the community. That moment has already

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ChatGPT Speculates if Shiba Inu (SHIB) Can Experience a Bull Run Before the End of 2024

20 days ago

TL;DR
ChatGPT claimed SHIB’s price could rally in Q4, assuming certain factors like increased token burnings are in place.
Expected interest rate cuts and reduced exchange selling pressure may also contribute to a potential uptick for the meme coin.

SHIB Yet to Unveil Its Potential?
The second-largest meme coin in terms of market capitalization witnessed a major rally in Q1, 2024, when its price pumped to as high as $0.00003629. Since then, though, it has been on a downtrend, currently trading at around $0.00001364 (a 62% decline compared to the yearly peak). 
SHIB Price, Source: CoinGeckoThe SHIB community might be eagerly expecting a new resurgence in the near future, so we decided to ask ChatGPT if such a development is in the cards before the end of 2024. 
The

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Here Аre the Top 10 DeFi Projects by Development Activity

21 days ago

TL;DR
Some of the DeFi projects making the list include Synthetix, Uniswap, and Osmosis.
The methodology for measuring development activity focuses on filtering meaningful programming events across blockchains, emphasizing community size and other factors.

The Same Leaders
Crypto analytics platform Santiment recently estimated the top 10 Decentralized Finance (DeFi) projects in terms of monthly development activity.
Synthetix Network, with an index of 266.57, takes the first spot. The price of the native token SNX is up around 5% on a 30-day scale, currently trading at approximately $1.40 (per CoinGecko’s data). Still, it is far from the yearly top of $5.10 registered in March and the all-time high of over $27 witnessed in February 2021.
SNX Price, Source: CoinGeckodydx

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Important Binance Announcement Affecting Brazilian Users: Details

22 days ago

TL;DR
Binance will add two pairs to its Bots program, enabling direct trading against the Brazilian Real.
On the other hand, it will delist several trading pairs, with some of the affected cryptocurrencies experiencing a brief price decline following the disclosure.

The Upcoming Addition
The leading cryptocurrency exchange will add BTC/BRL and USDT/BRL to the list of trading choices on Binance Trading Bots services. The new offerings will become available to users tomorrow (September 13).
However, Binance revealed that the upcoming trading pairs are subject to eligibility based on the users’ country or region of residence. For example, clients living in the USA, Canada, Iran, the Netherlands, Cuba, Syria, and more will not be able to deal with them. 
BRL is the symbol of

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80% of Toncoin Holders Currently Underwater: Further TON Price Decline in the Cards?

28 days ago

TL;DR
Toncoin (TON) saw a sharp drop from its June high, currently trading 40% lower amid negative news, leaving nearly 80% of its investors at a loss.
On-chain metrics suggest that the asset’s price may tumble even more in the near future.

TON Investors Take a Blow
Toncoin (TON) experienced a real bull run at the start of 2024, with its price rising to a new all-time high of almost $8.20 in mid-June. However, the asset lost momentum towards the end of August and currently trades at around $4.80, or 40% less than the peak observed at the beginning of the summer. 
TON Price, Source: CoinGeckoThe price started declining after the arrest of Pavel Durov. Recall that the founder and CEO of Telegram was detained in France over accusations that the messaging app was used for

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Is the Ripple (XRP) Price in Major Danger? 4 Factors to Consider

28 days ago

TL;DR
Ripple’s XRP has dropped 10% in two weeks, with declining transaction activity and a broader market downturn suggesting that its correction may continue.
The ongoing Ripple v. SEC lawsuit could introduce more volatility for XRP, with recent legal developments sparking speculation of a potential appeal by the regulator.

XRP to Bleed Even More?
The past two weeks have been unpleasant for Ripple’s XRP, whose price tumbled by 10% and is currently trading at around $0.53 (per CoinGecko’s data).
XRP Price, Source: CoinGeckoWhile XRP bulls eagerly await a renewed price revival, some crucial factors hint that the correction might be far from over. The first element is the broader decline of the entire cryptocurrency market, where Bitcoin (BTC) slipped below $56,000. It will

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Binance to Temporarily Suspend Deposits and Withdrawals on BNB Smart Chain Soon: Here’s Why

September 4, 2024

TL;DR
Binance will temporarily halt BNB Smart Chain deposits and withdrawals due to maintenance, but trading will not be affected.
BNB’s price is down amid a market slump, with a potential rally expected following the release of former CEO Changpeng Zhao from prison.

The Upcoming Effort
The world’s largest crypto exchange will conduct wallet maintenance for BNB Smart Chain (BEP20) on September 5. To support the process, it will temporarily halt deposits and withdrawals on the network. The maintenance is scheduled to take approximately two hours, and services will be resumed after completion.
“The trading of token(s) on the aforementioned network will not be impacted. Binance will handle all technical requirements involved for all users,” the company assured.
BNB Smart

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Is Ethereum (ETH) on the Verge of a ‘Big Breakout?’ (Analysts Weigh in)

September 4, 2024

TL;DR
Ethereum (ETH) dropped under $2,400 but may see a rebound, with predictions ranging from a short-term rise to $3,000 to a new high of $6,000 sometime in 2025.
Metrics like exchange netflow and RSI point to reduced selling pressure and potential buying opportunities for the asset.

What Could be Next?
Despite not reaching a new all-time high, Ethereum (ETH) witnessed a positive start to 2024, with its price surpassing $4,000 in mid-March. However, it experienced enhanced volatility in the following months, eventually settling at the current $2,400 (per CoinGecko’s data), which represents a 5% decline on a weekly scale. 
ETH Price, Source: CoinGeckoThe asset has been the subject of numerous price predictions recently, with some industry participants forecasting an

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This Shiba Inu (SHIB) Game is Now Available to iOS Users: Details

September 3, 2024

TL;DR
A blockchain-based game within the Shiba Inu ecosystem, is now available on iOS, allowing players to use their Shiboshi NFTs in missions and battles.
Recently, the SHIB team upgraded another game within the ecosystem called Shiba Eternity.

iPhone Users Get Ready
According to an announcement by PlayWithShib, Agent Shiboshi (a game developed as part of the Shiba Inu ecosystem) is now available on iOS. The development follows “an amazing response” from Android users.

Agent Shiboshi is a blockchain-based game that allows players to use their Shiboshi NFTs, where each digital collectible represents a specific character or “agent.” The game incorporates missions and battles and has the elements of strategy and adventure.
For their part, Shiboshi NFTs are a collection of

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This Popular Crypto Exchange Extends Support for Shiba Inu (SHIB): Details

August 30, 2024

TL;DR
Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin.
Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year.

SHIB’s Adoption on the Rise
The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then, it has increased its support for the self-proclaimed Dogecoin-killer, enabling various trading services with it.
Earlier this month, the company added SHIB/EUR to the list of offered margin pairs. The option allows users to employ loaned funds in leveraged trades. It could lead to higher returns but is linked to a bigger risk of liquidation.
Kraken did not stop there, adding Shiba Inu as a new collateral asset for futures

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Why Did Floki Inu (FLOKI) Tumble by 19% Daily?

August 30, 2024

TL;DR
Floki Inu (FLOKI) saw a sharp decline of nearly 20%, losing its place among the top 5 meme coins.
Despite the drop, some analysts remain optimistic, predicting a possible rally if the token’s price surpasses an important resistance level.

FLOKI Bleeds Heavily
The price of the popular meme coin Floki Inu (FLOKI) is down almost 20% on a daily scale, currently trading at around $0.0001272.
FLOKI Price, Source: CoinGeckoFLOKI’s market capitalization plunged to $1.23 billion, making it the sixth-biggest meme coin. Bonk Inu (BONK), whose market cap is $1.25 billion, surpassed its rival to claim the fifth spot. 
Data analytics platform Spot On Chain revealed that Floki Inu’s retreat happened mere hours after a wallet linked to the meme coin deposited over 15 billion tokens

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Ripple Vs. SEC Lawsuit Update: Pro-XRP Attorney Lowers the Agency’s Appeal Chances

August 29, 2024

TL;DR
Ripple was ordered to pay a $125 million fine, significantly lower than the US SEC’s initial demand, with both parties able to contend until early October.
Lawyer Bill Morgan now sees a reduced chance (45%-55%) of an appeal form the Commision, based on recent case developments and favorable views on Judge Torres’ ruling.

The Appeal Seems Less Likely?
The latest major development surrounding the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) occurred at the beginning of August when Judge Torres ruled that the company must pay a $125 million fine for violating certain securities laws. 
Numerous industry participants interpreted the decision as a major win for the firm, considering that the regulator initially insisted on a $2 billion

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TRON (TRX) and Dogecoin (DOGE) Placed in This Prestigious Ranking: Details

August 28, 2024

TL;DR
TRON was among the most talked-about crypto topics in the last week due to various potential reasons.
AI-related cryptocurrencies and the GameFi sector also gained attention, with several tokens experiencing significant price increases over the same period.

Those Making the Biggest Waves
According to crypto analytics platform Santiment, the top 3 crypto social narratives that have created the most impression in the last seven days include bitcoin’s price, TRON, and Dogecoin.
The valuation of the leading digital asset passed through numerous ups and downs throughout that period. While BTC was worth less than $60,000 a week ago, it registered a substantial rally between August 23 and August 26.
Its uptick happened shortly after the Chairman of the US Federal Reserve,

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Savvy Trader Made a 400% Profit With This Trending Meme Coin: Details

August 27, 2024

TL;DR
A trader made a significant profit by buying and selling a new Telegram-related meme coin called DOGS.
Earlier this month, though, another trader lost nearly $900,000 on a Trump-themed meme coin, highlighting the high-risk nature of the sector.

The Substantial Profit
The ever-evolving meme coin sector has been one of the highlights of the crypto industry in the past several months, spewing new tokens quite frequently.
One of the latest is Dogs (DOGS), an asset associated with the Telegram community, which saw the light of day approximately a week ago. Initially, the meme coin was available for trading on certain decentralized exchanges, while leading platforms like Binance, ByBit, and OKX added it shortly after. 
The enhanced volatility of meme coins (especially

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Shibarium Celebrates One Year Anniversary: The Network’s Progress During That Period

August 25, 2024

TL;DR
Shibarium has processed over 418 million transactions and implemented key upgrades, including some hard forks to enhance network performance.
The network introduced a burn portal to reduce SHIB supply, with BONE tokens playing an essential role in the process.

Happy Birthday, Shibarium
Shibarium is a layer-2 blockchain solution built on the Ethereum network, specifically designed to foster the development of the Shiba Inu ecosystem. Its main purposes include lowering transaction costs, improving speed, and enhancing scalability.
The protocol officially saw the light of day exactly a year ago, blasting through numerous major milestones since then. It has processed more than 418 million total transactions, crossing the 400 million mark in March 2024. It is worth

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We Asked ChatGPT if Tron (TRX) Can Hit an ATH This Year

August 24, 2024

TL;DR
TRX surged to over $0.16 earlier this week, becoming the 11th largest cryptocurrency, likely boosted by activity from the SunPump protocol.
The token’s price is gradually approaching its all-time high, with further growth dependent on market conditions and potential partnerships.

TRX’s Impressive Rally
TRX – the native token of Tron – has been among the top-performing cryptocurrencies lately. Earlier this week, its price exceeded $0.16 for the first time since April 2021, while the market capitalization neared $14 billion. The substantial uptick positioned TRX as the 11th biggest cryptocurrency, flipping Cardano (ADA), which trails behind on the 12th spot. 
The token’s resurgence coincides with some important developments within the Tron ecosystem. In mid-August,

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