This week’s crypto market shift has investors buzzing—find out which digital currencies could be poised for a breakout.

A major shift in the crypto market is expected this week, catching many off guard. Enthusiasts and investors alike are keen to see which digital currencies might be ready for a breakout. The spotlight is on notable cryptocurrencies that could lead the charge. Discover which coins might take a leap and redefine market trends soon.

Understanding Solana and its SOL cryptocurrency

Solana is a blockchain platform known for its emphasis on scalability. It supports decentralized applications and competes with platforms like Ethereum and Cardano. Solana uses unique architectural choices to achieve faster transactions and flexible development, accommodating various programming languages. 

SOL is the native cryptocurrency of Solana and plays a key role in its ecosystem. It is used for transactions, running custom programs, and rewarding participants. SOL supports the operation of various projects within the Solana network. Unlike some other platforms, Solana does not rely on sharding or second-layer solutions. It is designed to appeal to developers and investors with its ability to handle high activity and large-scale applications.

Toncoin: A layer-1 cryptocurrency and blockchain overview

Toncoin (TON) is the digital currency native to The Open Network, an open-source blockchain. Initially developed by Telegram as the ‘Gram’ token for the Telegram Open Network, it was shelved in 2020 after a U.S. SEC court order. The project was rebranded and is now spearheaded by the non-commercial TON Foundation along with community contributors. Toncoin utilizes a proof-of-stake consensus system, aiming to offer scalable and secure financial services with low fees. It also plans to expand its ecosystem with decentralized storage, DNS, and privacy features.

DOGEN: The ultimate memetoken for real alphas who always win

Imagine living a dream life — posh cars, fat stacks of cash, and women who turn heads. That’s the DOGEN lifestyle!

For all kind of guys who are always looking to level up, DOGEN is worth checking out. This meme token is for the real alphas who always win.

HODL like a beast, dominate the market

This thing is will likely go viral. We’re talking about a 700% surge before the presale even wraps up — and that’s just the beginning. DOGEN is heating up to those insane thousand-fold gains that memetokens are famous for this season. Get in early, and watch the others try to keep up while you’re already at the top!

Missed out on WIF, Popcat, or Ponke?

DOGEN is the new alpha on the Solana blockchain, running with the big dogs like BONK, WIF, and Popcat — all of which blew up with 1000% gains at some point.

Right now, DOGEN’s flying under the radar, but it’s about to set new records in this bull run. You don’t want to miss out on this one.

Got that DOGEN spirit? Good, ‘cause they’re holding an airdrop! All you gotta do is flex on social, stack tokens during the presale, and start building your DOGEN army with your referral link. For every recruit, you’ll be snatching a fat 20% of their Golden Points from token buys.

Kaspa: a unique approach to blockchain technology

Kaspa is a cryptocurrency that uses a proof-of-work system. It is built on the GHOSTDAG protocol, which allows multiple blocks to exist simultaneously without being discarded. This results in a system called a blockDAG, rather than a traditional blockchain. Kaspa’s system enhances security and supports fast block creation, currently producing one block per second with ambitions of reaching higher rates. 

The technology behind Kaspa includes features like Reachability for checking the network’s structure, block data pruning, and plans for subnetwork support. These elements are designed to simplify the development of additional network layers in the future. Kaspa offers an innovative approach to blockchain, focusing on efficiency and scalability.

Understanding Arweave: A decentralized data storage network

Arweave is a decentralized network designed for permanent data storage. It functions like a shared hard drive that retains information indefinitely. This network underpins the permaweb, a decentralized and permanent web filled with various community-driven applications. The native cryptocurrency, AR, is used to compensate miners who store the data permanently. 

Initially announced as Archain in 2017, it was later renamed Arweave in 2018 and officially launched in June of the same year. Arweave offers a unique approach to digital storage by ensuring data remains accessible and unchanged over time. The use of AR for incentivizing data storage is a key part of its operation.

Pyth Network: A versatile oracle solution in blockchain

Pyth Network is an oracle solution that gathers and distributes price data from exchanges and trading firms. It offers a unique feature by including confidence intervals, which help indicate the certainty or uncertainty of market prices. This is particularly important in unstable or low-volume trading situations. 

Data is taken directly from main sources, which ensures accuracy and quick updates. Initially deployed on the Solana and Pythnet blockchains, it also supports other chains through a connector called Wormhole. The network includes various participants like data providers and users. Pyth incentives data accuracy and consistency through a reward system for providers, making it a reliable tool for accurate and timely market data in blockchain applications.

Conclusion

SOL, TON, KAS, and AR may not show strong short-term growth. The spotlight is on DOGEN, a meme token aimed at those pursuing luxury and success. With an anticipated 700% growth by the end of its presale, it promises significant returns this altcoin season. DOGEN follows in the footsteps of successful tokens like BONK, WIF, and Popcat, positioning itself for remarkable achievements. 

It is creating a community of ambitious leaders determined to excel in the market. Early adopters enjoy real benefits, including exclusive campaigns and perks. DOGEN is poised to become a standout in the crypto market by captivating those seeking lifestyle enhancements and financial gains.

For more information, visit the official website or join the community on X and Telegram.

Pepe Unchained secures $14M presale, to launch Ethereum L2 with dev grants in Q4. Promises 100x faster, cheaper transactions.

With $14 million generated in presale funding, the Pepe Unchained (PEPU) team has announced it will open grants for developers to build on its chain in Q4.

This will strengthen its ecosystem and establish Pepe Unchained as a key player in the Ethereum layer 2 vertical.

The project remains in its presale phase, and it’s currently available to buy at $0.00981. However, this price will rise as the presale advances. 

According to its recent announcement, the team is strategically timing the exchange launch to “maximum impact” on price growth.

The ‘Pepe Chain’ will help scale Ethereum by computing transactions off the main network. It will be cheaper and 100x faster than the main chain and will launch with an entire ecosystem comprising a block explorer, dedicated bridge, decentralized exchange, and staking.

Pepe 2.0 – PEPE solves real issues with community-funding

As if Pepe was not already iconic, Pepe Unchained is raising the bar and paying Pepe developer fans to build and contribute to fixing Ethereum’s scalability issue.

In true memecoin fashion, the project is entirely community-funded via a presale.  

The original Pepe was shackled to the Ethereum network, which was known for its slow speeds and high fees. But Pepe Unchained – which has its own blockchain – allows even the smallest investors to trade meme coins without sweating expensive fees.

And with its new developer grant program, “Pepe Frens With Benefits,” the ecosystem is opening for developers to launch tokens and applications on the blockchain.

To receive a grant, developers build a project, submit a grant application, await a decision from the Pepe Council, and, if selected, receive the grant.

Pepe Unchained lays eyes on tier-1 exchange listings, 10x gains incoming?

Binace’s listing of First Neiro on Ethereum shook the market when it provided 10x gains overnight.

Such gains would take years in a traditional market, but it’s just another day for memecoin enthusiasts. Now, traders are actively seeking what’s next on Binance’s listing radar.

Pepe Unchained may be the answer.

With a substantial $14 million in funding, it clearly got investors hooked. However, the team recently revealed they’re talking with “several tier 1 exchanges.”

Though they’re keeping their cards close to their chest on which exchanges, Binance’s recent microcap NEIRO listing indicates it could well be among those interested.

But it’s not just exchanges that are itching for the Pepe Unchained market debut – its 17.4K X followers are also fervently waiting.

However, the Pepe Unchained team has revealed they’re pausing the exchange launch until the time is right, providing maximum impact and ensuring early adopters can secure the discounted presale price.

Industry experts boost Pepe Unchained presale along with unwavering support

A nod of approval from reputable industry figures is a huge deal for an emerging project like Pepe Unchained.

Not only does it provide the new project with mainstream exposure, but it also attests to its legitimacy and eye-catching use case. Despite the thousands of cryptos on the market, prominent analysts like ClayBro chose to endorse Pepe Unchained.

The trader – who boasts 130K YouTube subscribers – has covered Pepe Unchained dozens of times. In a recent video, he said $PEPU is “ready to explode.”

Interest from smart money traders like ClayBro is crucial in moving crypto prices. Typically, when a leading figure or deep-pocketed whale gets on board, droves of smaller traders will “follow the money” and take the same trade.

Pepe Unchained is showing a lot of potential. With industry experts, tier-1 exchanges, developers, and retail investors all taking note, everything is in place for a bright future.

For those yet to invest in PEPU, visit the project’s website, connect the wallet, choose the crypto to pay with and the amount needed to to buy. The presale accepts ETH, BNB, USDT, and bank card payments.

To put investors at ease, Pepe Unchained has undergone external smart contract audits from Solid Proof and Coinsult, both of which found the project safe and secure.

For more information, visit the Pepe Unchained presale website or join the community on Telegram and X.

Many misunderstand crypto, thinking its anonymity hides them from the IRS. In reality, crypto income is taxable. Here’s a guide on how to pay in 2024.

A lot of people still have misconceptions about the way cryptocurrency works. They’ve heard that cryptos provide anonymity, which makes them develop a false assumption that not even the IRS will be able to track the amount of cryptocurrency income they receive.

This, however, is false. Not only do you have to pay taxes on your crypto income, but you also have to follow a strict procedure. Here’s how you can pay taxes on your crypto income in 2024. 

Understand taxable events

The first thing you need to understand is the taxable events in question. There are many different ways to earn crypto income, and identifying some of these events will help you establish the correct procedures for making these payments.  

Trading cryptocurrency

Selling one cryptocurrency and buying another is taxable. This is important because there are new promising cryptocurrencies every day, and keeping track of this is often far from easy. According to crypto expert Michael Graw, most people are interested in the potential for high profits, while some are even motivated by the promise of early investments.

Most importantly, every time a person makes a trade, they have to report the fair market value of the cryptocurrency received. This is a huge obligation that a lot of crypto traders neglect. 

Purchasing goods and services

Cryptocurrencies can be used to buy goods or pay for services. In the majority of countries, states, and jurisdictions, this is susceptible to taxation; however, it’s a lot harder to determine this tax when it’s crypto that we’re talking about. 

The bottom line is that the customer has the exact time of the transaction, and during the reporting process, they have to report the fair market value of the cryptocurrency that was used in the transaction. To some, this may seem as simple as just stating the price in their fiat currency, but it often ends up being slightly more complex.

Selling cryptocurrency

Every time cryptocurrency is sold for fiat currency (like USD or EUR), this is considered a taxable event. In this event, capital gains and capital losses have to be reported. Now, this is basically just a more standard form of the taxable event we’ve described when we talked about trading cryptocurrencies.

The bottom line is that this is, more or less, always the end goal when crypto trading. Crypto adoptions are still not as great as someone will be able to use it for all your acquisitions. In other words, eventually, trading them for fiat is what people are looking for. Keep this in mind before doing so. 

Mining cryptocurrency

Mining cryptocurrency is expensive as it is. Someone has to buy the equipment, invest in adequate software licenses, set it all up, and pay an enormous electricity bill. In today’s climate, it’s questionable what kind of returns you’ll have. 

Now, the last thing someone wants is to calculate all of these expenses and figure out that they’ll be able to break even (or even profit)… because they’ve forgotten that they also have taxes to pay. Mining rewards are an income, and they have to be reported as such. 

Crypto gained through luck-based games

If cryptocurrencies are earned by playing luck-based games on online casinos, even if they are anonymous casinos, winnings have to be reported. Casino winnings, lottery winnings, sports betting, raffle prizes, and sweepstakes all have to be reported. 

Underreporting or misreporting income (even this form of income) is a serious problem for anyone, and it could land someone in a huge deal of legal trouble. Therefore, this mistake should be avoided. 

Calculating gains and losses

Once all the taxable events are identified, it’s time to put all income and expenses/costs on paper. To begin with, any taxable income has to be checked. Just because some value is exchanging hands, this doesn’t mean that someone is better off than before. So, there are a few things that need to be taken into consideration. 

Start by calculating the cost basis. This means the exact date and time has to be noted, as well as the amount of money that was originally paid for the cryptocurrency in question. This includes the acquisition fees.

Next, the so-called fair market value has to be provided. This is the cost of cryptocurrency at the time of acquisition (at the time of the taxable event mentioned in the last section). 

The most important part of this is the so-called capital gains. This implies that, at the time of the sale, the value of the crypto asset was higher than at the time of acquisition.

There’s also the opposite scenario, where the market value is lower than it was during the acquisition. 

Federal vs. local taxation of cryptocurrencies

When it comes to the federal income tax, the IRS considers crypto assets to be similar to property. This means that they’re subject to capital gains tax rules. 

State taxation varies by state. For instance, there are income-tax states and no-income-tax states, but there are also specific state regulations, which means that the state in question may offer tax incentives related to cryptocurrency. One example is Wyoming, which is quite proactive in creating a favorable regulatory environment for crypto businesses and users. 

As more and more merchants accept crypto assets as payments, the question of state and local taxation of these resources becomes an even more important issue than before. The importance and adoption of cryptoassets are bound to increase further in the future, which is why understanding the regulations surrounding it become such a high priority for everyone. 

Importance of reporting and keeping detailed records

Knowing how much has to be paid and just paying is merely one in a long series of necessary tasks to complete in order to settle obligations toward the IRS.

When it comes to reporting income from crypto activities, the right forms like 1040, 8949, and Schedule D are to be used. It all depends on whether money was made from mining, staking, or selling and trading. 

Most importantly, all the detailed records have to be kept. A detailed transaction history with all receipts and statements and wallet addresses (of wallets involved in your transactions) have to be kept. 

All of this can be made easier by using the right tax software. The user has to make sure to specify that they’re looking into software that supports crypto and crypto income. Let’s face it: in 2024, cryptocurrencies are such a vital part of our finances that the request is more than reasonable. 

Crypto income is taxable; evading taxes can lead to serious trouble

It is 2024, and cryptocurrencies are no longer unregulated. They’re also no longer small and insignificant enough that they fly under the radar of the IRS. Settle all responsibilities toward the IRS. All the resources on the subject matter are available, which is why the idea that someone doesn’t know how to do this no longer holds up.