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Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.  Why Litecoin? Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes.  ‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained.  As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.  Litecoin Technical Details: The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.   Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.

Litecoin

Litecoin is trending, driven by community discussions around potential breakouts and bullish formations, particularly against Bitcoin. Some community members are focused on Litecoin's utility as a payment method and are speculating on potential price movements. Others point to Litecoin's established history and technical indicators as reasons for its continued relevance.

Moo Deng

Moo Deng ($MOODENG) is trending amidst volatility, with community members actively discussing recent price swings and potential pump and dump schemes. Some traders express frustration over losses, while others remain optimistic, citing the token's low market cap and upcoming events as potential catalysts. The conversation includes comparisons to other meme coins and discussions about technical analysis patterns.

Our mission is simple: to do our part in unleashing the BNB Chain. The crypto space needs a hero, and Captain BNB is here to answer the call. As a true community takeover, the holders are in control, rallying together to support the most viral memecoin on the  BNB Chain this cycle. As a thriving community that truly believes in the mission, we stand to be the number one memecoin on the BNB smartchain.

CaptainBNB

CaptainBNB is trending as community members express strong bullish sentiment and highlight its potential as the mascot of the BNB chain. Discussions revolve around its strong community and comparisons to other successful chain mascots, with some mentioning a recent AMA by Victus Global.

Dinosol

Dinosol is trending as a new Solana-based memecoin, sparking high engagement within the crypto community. Bullish sentiment is fueled by perceived potential for quick gains, though some traders are pointing out the risks associated with liquidity in new coins.

Terra 2.0 which will assume the Terra name is a new blockchain launched by Terraform Labs as part of the passing of governance proposal 1623.  The Terra protocol is a decentralized and open-source public blockchain protocol. Luna is the Terra protocol’s native staking token used for governance and mining.  Users stake Luna to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees.  The Terra 2.0 chain will not have a stablecoin and holders of the old Terra Classic chain will be airdropped new Luna native coins. In the plan, developers of the Terra ecosystem are to migrate and deploy their dapps on the new blockchain.

Terra 2.0

LUNA is trending amid discussions around potential ecosystem developments and speculative price movements. Community members are weighing in on the possibility of a comeback, while some are drawing comparisons to past events and other tokens. The conversation also includes mentions of related tokens and potential trading strategies.

BENQI is a decentralized non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.

Benqi Finance

Benqi Finance is trending as the community discusses its potential within the Avalanche ecosystem and growing TVL. Some believe $QI is undervalued and poised for a significant breakout, possibly due to increased institutional interest in tokenizing real-world assets (RWAs). Others point to its fully diluted supply as a key advantage, anticipating substantial gains with the right catalysts.

DEGEN is a reward token for Farcaster users, born from meme culture. It features a unique tipping system that allows the community to reward high-quality content creators. DEGEN also powers the Degen Chain, one of the pioneering Layer 3s launched on Base. Known as the “Las Vegas of blockchains,” it provides a platform for building and using Degen apps, offering a space for fun, innovation, and community-driven experiences.

League of Degens 

DEGEN is trending as community members discuss its potential, upcoming app launch, and possible Binance listing; however, some express concerns about price stagnation and unfulfilled promises like token burns. Bullish sentiment focuses on DEGEN's strong community, potential AI integrations, and predictions of significant price increases, while bearish voices cite concerns about current price action.

The Sandbox is a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain.  SAND is the utility token used throughout The Sandbox ecosystem as the basis of transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain. There is a finite supply of 3,000,000,000 SAND.

The Sandbox

SAND is trending as the community discusses its potential within the gaming and metaverse space, with some eyeing significant gains. Conversations revolve around its strong volume and comparisons to similar altcoins, as well as the potential impact of a renewed focus on the metaverse and gaming ecosystems. Some traders are taking profits now, while others are holding for a longer-term rally.

Innodata, Inc. is a data engineering company, which engages in providing artificial intelligence software platforms and management of its services. It operates through the following business segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment combines deep neural networks and human expertise in multiple domains to make unstructured information useable. The Synodex segment enables clients in the insurance and healthcare sectors to transform medical records into useable digital data and to apply technologies to the digital data to augment decision support. The Agility segment provides tools and related professional services that enable public relations and communications professionals to discover influencers, amplify messages, monitor coverage, and measure the impact of campaigns. The company was founded by Todd H. Solomon in 1988 and is headquartered in Ridgefield Park, NJ.

Innodata Inc

Innodata is trending due to speculation surrounding a potential partnership with Lockheed Martin or Palantir, fueled by CEO Jack's hints of a "game changer" announcement before year-end, specifically related to US defense AI. Community talking points revolve around the potential partner's market leadership and the transformative impact on Innodata's growth, with some drawing parallels to past successful partnerships in the AI sector and anticipating a significant rally.

Inflection Point Acquisition Corp. IV is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.

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Bleichroeder Acquisition Corp I

Bleichroeder Acquisition Corp. is trending after Citron Research highlighted its attractive risk/reward profile, sparking community interest in its merger with Merlin Labs, a defense tech firm specializing in AI-powered autonomous flight. Discussions center on Merlin's government contracts, partnerships with major aerospace players like GE, and the potential for significant growth in the AI-driven aviation sector. Some investors are also noting the potential for a short squeeze.

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China offers up to 50% power subsidies for ByteDance, Alibaba &amp; Tencent using local AI chips.

Incentives aim to cut costs post-Nvidia ban &amp; boost domestic chip use.

Some subsidies cover a full year’s operations.

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China offers up to 50% power subsidies for ByteDance, Alibaba & Tencent using local AI chips.

Incentives aim to cut costs post-Nvidia ban & boost domestic chip use.

Some subsidies cover a full year’s operations.

Read 👇🏻 