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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

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

15 hours 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

2 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?

3 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

3 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

4 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

5 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

6 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

8 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?

14 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

14 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

16 days ago

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)

16 days ago

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

17 days ago

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

21 days ago

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?

21 days ago

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

22 days ago

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

23 days ago

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

24 days ago

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

26 days ago

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

27 days ago

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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The Latest Pi Network Updates

28 days ago

TL;DR
Pi Network is advancing towards the deployment of the mainnet, with millions of users migrating, but the exact launch date is still unclear.
Users must complete KYC by September 30, 2024, with further details expected in an upcoming talk show.

What’s New?
Pi Network is a crypto project that aims to enable users to mine and earn digital assets on their mobile devices. It was introduced in 2019 and aims to be energy-efficient by using a consensus algorithm called Stellar Consensus Protocol (SCP). The Stellar Development Foundation developed it, and it is an alternative to Proof-of-Work (PoW), which is associated with high electricity consumption.
However, Pi Network remains one of the most controversial projects in the crypto space since there is no clear indication

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Can Cardano (ADA) Reach $0.50 Before the End of August? (ChatGPT Analyzes)

29 days ago

TL;DR
Cardano’s ADA has risen by 33% since the August 5 crash, with potential for further growth depending on broader market trends and other factors.
An upcoming Cardano hard fork focused on decentralization and community-driven governance could also boost ADA’s price.

Is There a Chance?
Cardano’s ADA has experienced a substantial resurgence lately, with its price rising by around 10% on a two-week scale. Currently, it trades at around $0.36 (per CoinGecko’s data), representing a 33% rise from the local bottom registered during the crypto market crash on August 5.
We decided to ask ChatGPT whether ADA’s uptrend can continue in the near future and whether its price can hit the psychological level of $0.50 before the end of the month.
The AI-powered chatbot estimated that

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Important Binance Update Affecting This Popular Meme Coin: Details

August 14, 2024

TL;DR
Binance announced the addition of two new trading pairs available later this month.
The company also revealed the delisting of several trading pairs, such as BLZ/FDUSD and BICO/BTC, with no significant impact on the prices of the involved cryptocurrencies.

The Latest Listings
Binance continues to update its services to respond to recent market trends and improve overall user experience. It said it will add two new trading pairs on Binance Spot: BONK/BRL and NOT/EUR. In adition, the company will allow trading bots services for the aforementioned. The trading pairs will become available to users on August 16.
Over the past several months, Binance has shown support toward the popular meme coin Bonk Inu (BONK) numerous times. It officially listed the token in

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Shiba Inu (SHIB) Team Issues a Critical Warning: Details

August 13, 2024

TL;DR
Shiba Inu investors are being targeted by scammers on Telegram offering fake airdrops and impersonating legitimate entities.
Community members are cautioned to avoid scams related to the TREAT token, as it hasn’t seen the light of day yet.

Scam Alert
Shiba Inu is among the most popular meme coins, boasting one of the biggest communities across all cryptocurrencies. As such, it is no wonder that SHIB investors often become targets of hackers who attempt to con them using various techniques.
Shibarmy Scam Alerts – the X account focused on treats surrounding the ecosystem – recently warned about fake groups on Telegram offering malicious airdrops. The team instructed the Shibarmy (a term referring to all investors, supporters, and enthusiasts of the meme coin) to

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Ripple (XRP) Blasts Through a Major Milestone

August 13, 2024

TL;DR
XRP surpassed another milestone in terms of total tokens held in accounts.
After a legal victory, XRP’s price briefly surged before stabilizing, with analysts predicting potential future gains.

XRP’s Achievement
Ripple’s XRP continues to make the headlines, recently reaching an important adoption milestone. According to XRPL Services, the total amount of XRP tokens held in accounts exceeded 60 billion (equaling over $34 billion calculated at current rates).
Data shows there are almost 5.3 million XRP accounts, while only 2,450 currently have a zero balance. Recall that the 5 million mark was surpassed at the start of 2024.
The over 60 billion tokens held in accounts include all coins currently stored in wallets, whether in circulation or not. The figure is also

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Important Binance Announcement Concerning These 6 Altcoins

August 12, 2024

TL;DR
Binance will delist six altcoins, leading to significant price drops for these assets.
Such efforts have historically triggered sharp price crashes due to various reasons such as reduced liquidity and market panic.

The Latest Update
The world’s largest cryptocurrency exchange periodically reviews each digital asset listed on its platform to ensure that it “continues to meet a high level of standard and industry requirements.” 
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” it explained.
The company takes various factors into

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These Are the Leading Cryptocurrencies With the Most Profitable Holders: Details

August 11, 2024

TL;DR
Tron (TRX) leads with 87% of investors currently in profit.
Cardano (ADA) is on the opposite side, with most of its holders underwater.

Bitcoin (BTC) is Among the Leaders
The enhanced volatility of the cryptocurrency market has significantly affected investors in different digital assets. At the start of the week, prices were plummeting, resulting in substantial paper losses for HODLers, while the subsequent comeback partially fixed the situation for those who endured the turbulence without selling their stash.
In the following lines, we will check the percentage of profitable investors in some of the leading digital currencies (more specifically, those with a market cap of over $10 billion).
The ones invested in Tron (TRX) are leading the pack. According to

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Cardano (ADA) and Ethereum (ETH) Find Spot in a Prestigious Ranking: Details

August 11, 2024

TL;DR
Santiment ranked Internet Computer (ICP) as the top digital asset for development activity, followed by Hedera (HBAR) and Cardano (ADA).
The top 10 list also features Ethereum (ETH), Chainlink (LINK), Polkadot (DOT), and Cosmos (ATOM), with Ethereum gaining attention due to new spot ETH ETFs in the United States.

The Top 10 List
The cryptocurrency market intelligence platform recently revealed the top 10 digital assets in terms of notable development activity for the last 30 days.
The leading one is Internet Computer (ICP), collecting an overall score of 570.1. The token is the second-largest in the Artificial Intelligence (AI) realm, with a market capitalization of almost $3.5 billion. Its price experienced a bull run in March this year, jumping to nearly $20

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Ripple (XRP) Inks a Strategic Deal in the Middle East: Details

August 11, 2024

TL;DR
Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups.
This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech.

Ripple and Dubai
Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in the city established as a financial hub for businesses operating throughout the Middle East, Africa, and South Asia. It is regulated by the Dubai Financial Services Authority and offers clients a 50-year guarantee of zero taxes on corporate income and profits.
The upcoming collaboration aims to

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Unlucky Trader Lost Almost $1 Million After Dealing With a Newly-Launched Meme Coin: Details

August 9, 2024

TL;DR
An investor spent $916,000 on a Trump-related meme coin (RTR) driven by FOMO, only to lose almost everything when the coin’s value crashed shortly after.
While some traders incur losses due to FOMO, others who enter the market at the right time can make substantial gains. However, the meme coin market remains highly dangerous and investors should be extra cautious when diving in.

The FOMO Effect
Meme coins have been among the highlights in the crypto space in the past several months, with many witnessing explosive price increases in a short period of time. However, their volatile nature makes them quite unpredictable, meaning traders can be caught off guard and lose significant sums. 
Such was the case with one investor who recently spent 5,800 SOL (approximately

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