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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

Bitcoin Price Predictions: This Important Metric Suggests Incoming ATH for BTC (Analyst)

2 days ago

TL;DR
Analysts anticipate a strong BTC rally, driven by bullish market signals and potential accumulation by large entities.
On the other hand, high profitability among holders may suggest a short-term price correction.

BTC Explosive Rally Incoming?
The leading digital asset traded sideways over the past weekend, ranging from $66,500 to $67,500. However, the start of the new week offered a new resurgence, with BTC soaring well above $68,500.
BTC Price, Source: CoinGeckoMultiple analysts spotted the price increase, envisioning a much more exponential pump in the near future. The popular X user Mikybull Crypto claimed that BTC experienced a “golden cross” several hours ago. The trader noted that such a development was witnessed exactly one year ago and was followed by a

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Barcelona and Real Madrid Legends Accused of Endorsing a €3 Billion Crypto Ponzi (Report)

4 days ago

The cryptocurrency sector comprises various legitimate projects and innovations but is also rife with fraudulent schemes.
One such scam reportedly pocketed billions of euros from its unsuspecting clients after using popular football players as backers.
Painful Losses Following the Footballers’ Involvement
El Diario – a Spanish digital newspaper known for its investigative journalism – recently claimed that a dubious cryptocurrency project, called Omegapro, embezzled a whopping €3 billion from hundreds of its clients. The media company described the entity as a typical pyramid scheme that promised enormous returns in just 14 months after investing and used numerous football stars as promoters.
The names include icons like Kaká, Luis Figo, Iker Casillas, Roberto Carlos,

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The Ripple v. SEC Case Resembles Moby Dick: The Company’s CLO Explains Why

9 days ago

TL;DR
The SEC continued the legal battle with Ripple by filing an official appeal on a specific summary judgment.
The company’s CLO likened the regulator’s desire to prevail in the case to the tragic end of Captain Ahab from the novel Moby Dick.

What Does the SEC Hope for?
The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) seems nowhere near its end following the latest move by the agency. Recall that it officially appealed a 2023 verdict of Judge Analisa Torres, which determined that the firm’s XRP sales to retail investors on crypto exchanges did not violate US securities laws.
This means that the case will enter a new phase comprised of filings and a briefing process, with its official end most likely delayed for another few years.

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3 Bullish Signs for the Shiba Inu (SHIB) Price to Watch

9 days ago

TL;DR
Shibarium-related metrics have headed north lately, while SHIB’s burn rate exploded by triple digits on a 24-hour scale.
However, the recent shift from self-custody methods toward exchanges could be interpreted as a bearish factor for the meme coin’s price.

Good News for SHIB Bulls?
The second-largest meme coin has performed quite well in the past month, registering a 30% price increase. Despite being slightly in the red today (October 21), some important factors suggest that the rally could continue in the short term.
SHIB Price, Source: CoinGeckoOne of those bullish signals is the resurgence of Shiba Inu’s layer-2 scaling solution – Shibarium. Daily transactions on the network have exploded to 324,000 and 242,000 in the past two days. Such high figures were last

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Meme Coin Madness: This Trader Turned $96 Into Over $3 Million in 1 Year

11 days ago

TL;DR
A trader turned a $96 meme coin investment into a paper profit exceeding $3 million.
However, investors should pay attention when jumping on the bandwagon due to the infamous volatility of memes, which could lead to devastating losses.

What a Trade…
Meme coins are an exciting part of the cryptocurrency world and have become quite trending during the latest bull cycle. They pop out quite frequently, with some witnessing astonishing price increases in a short period of time. As such, memes have caught the eye of savvy traders who are always on the lookout for quick fortunes.
The blockchain analytics platform Lookonchain revealed the case of one such person who purchased over 600,000 TRUMP tokens in August last year. The asset (linked to presidential candidate Donald

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Can the XRP Price Hit $1 When Ripple’s Stablecoin Goes Live? (ChatGPT Analyzes)

12 days ago

TL;DR
Ripple plans to launch a stablecoin, RLUSD, later this year, which could boost confidence in its technology and possibly result in a rallying XRP price.
Another element that could impact the token’s volatility is the Ripple v. SEC case, whose official end seems to be prolonged in the future.

ChatGPT’s Estimation
In April this year, Ripple revealed its plans to introduce a stablecoin pegged 1:1 to the US dollar. In the following months, the team shed further details about the product. It will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum.
The stablecoin is expected to go live later this year, with Ripple recently naming Bitstamp, Bitso, Uphold, Bullish, CoinMENA, Independent Reserve, and MoonPay as exchange partners of the initiative.

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Shiba Inu Announces a New Collaboration to ‘Elevate SHIB to the Next Level’

15 days ago

TL;DR
Shiba Inu teamed up with Mass Finance to enhance its ecosystem with AI-driven legal and fiscal solutions.
The partnership aligns with SHIB’s 4% weekly price increase, supported by market revival and increased token burns.

The Latest Partnership
The meme coin project shook hands with the AI-powered platform Mass Finance, which aims to simplify business setup and growth, particularly for startups, funds, and incubators. It offers legal, fiscal, and banking tools in one platform, including automated incorporation and AI-related assistance for financial and operational tasks, supporting both Web2 and Web3 entities.
The team behind Shiba Inu claimed Mass Finance “is poised to be the Shiba State with AI-driven legal and fiscal solutions, supported by Stripe and others.”

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How High Can Ripple’s Price Go if the SEC Approves an XRP ETF? (ChatGPT Speculates)

19 days ago

TL;DR
An ETF approval could fuel a triple-digit XRP rally in the mid-term (according to ChatGPT).
Despite the positive outlook, there is a risk of a “Buy the Rumor, Sell the News” effect, where prices fall after the possible green light.

The Potential Price Targets
Ever since the launch of exchange-traded funds (ETFs) in the US tracking the performance of Bitcoin (in January 2024) and Ethereum (July 2024), industry participants have been wondering what’s coming next.
There have been some indications lately that an XRP ETF may go live in the near future. Bitwise registered such an investment instrument in Delaware at the beginning of October, while Canary Capital followed suit several days later. The former is yet to file the ETF with the US SEC (the agency that decides

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3 Reasons Why Bitcoin (BTC) Could Bounce This Month: Details

20 days ago

TL;DR
Despite recent volatility, several indicators suggest that BTC might be entering a bullish phase.
On the other hand, one essential element hints at an intensified pullback in the short term.

‘Uptober’ Still in the Cards?
Bitcoin (BTC) has passed through severe volatility since the start of October, performing worse than some expected. After all, the ongoing month has been a historically positive period for the entire cryptocurrency industry, thus known across the community as “Uptober.”
Currently, BTC trades at just south of $61,000, a 5% decline on a 10-day scale. However, some essential metrics suggest that a resurgence could be on the horizon.
BTC Price, Source: CoinGeckoAccording to CryptoQuant, BTC exchange outflows have predominantly surpassed inflows in the

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Ripple (XRP) Ledger Pushes Code Review to Enable RLUSD Integration With AMMs

21 days ago

TL;DR
The XRP Ledger has undergone a code review to enable RLUSD integration with Automated Market Makers (AMMs), with further updates pending.
Ripple recently warned users to be cautious of scams, as the stablecoin is not yet publicly launched.

The Latest RLUSD Development
In April this year, Ripple disclosed it will introduce a stablecoin pegged 1:1 to the American dollar. The news sparked huge excitement across the XRP community, with many members wondering about the exact specifics and purposes of the product.
As of now, it is known that it will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum. Ripple’s CEO, Brad Garlinghouse, previously claimed it could serve as a bridge between the cryptocurrency industry and traditional finance.
Over the

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Important Binance Announcement Concerning Tron (TRX) Holders: Details

21 days ago

TL;DR
Binance will pause deposits and withdrawals on the Tron Network on October 10 for scheduled maintenance.
TRX is up 60% this year, with most holders in profit.

Announcement for TRX Traders
The world’s largest crypto exchange will perform wallet maintenance for the Tron Network on October 10. The effort is supposed to take approximately one hour, during which TRX deposits and withdrawals will be unavailable. Binance assured that services will be resumed once the process is wrapped up:
“The trading of token(s) on the aforementioned network will not be impacted. Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the network is deemed to be stable.”
It also said there will be no further announcement on the matter, meaning users

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Shiba Inu (SHIB) Might be Gearing up for a 130% Price Increase: Analyst

23 days ago

TL;DR
Despite a downturn at the beginning of October, SHIB recently pumped by 4%, with some analysts predicting a potential 130% rally if key patterns are confirmed.
Shibarium hit 7 million in processed blocks, but it has slowed its progress lately.

SHIB Eyes Another Price Explosion?
The second-largest meme coin made the headlines towards the end of September when its price spiked substantially. Recall that SHIB reached a three-month high while its market capitalization briefly soared above $12.5 billion.
Contrary to the overall expectations of a further rally, October (commonly referred to as “Uptober” by the community) offered pain for the bulls. Shiba Inu was among the many cryptocurrencies heading south, erasing much of the gains recorded last month.
SHIB Price,

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Mantra (OM) Price Hits a New ATH: Further Rally in the Cards?

23 days ago

TL;DR
Mantra (OM) surged over 60% in the past 30 days, hitting an all-time high of $1.50 with analysts predicting a further jump.
On-chain metrics suggest continued gains, but the RSI indicates it may be overbought, signaling a possible correction.

New Peak for OM
Most of the leading cryptocurrencies have experienced severe ups and downs over the past several weeks. Bitcoin (BTC), for instance, fell to $60,000 at the beginning of October and later rebounded to its current $63,000 (per CoinGecko’s data).
There are a few digital assets, though, whose prices have gone predominantly up as of late. One evident example is Mantra (OM), which has jumped by over 60% monthly. Earlier today (October 7), it hit a new all-time high of almost $1.50, whereas its market capitalization

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

September 30, 2024

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

September 30, 2024

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)

September 29, 2024

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

September 26, 2024

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?

September 25, 2024

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

September 24, 2024

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

September 23, 2024

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

September 22, 2024

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

September 22, 2024

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?

September 21, 2024

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

September 19, 2024

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

September 18, 2024

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?

September 17, 2024

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

September 17, 2024

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

September 16, 2024

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

September 15, 2024

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

September 14, 2024

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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