BonkDAO plans to burn 1.6 trillion BONK tokens to increase scarcity. The community is actively participating in the BURNmas campaign. Continue Reading: BonkDAO Plans to Burn 1.6 Trillion BONK Tokens to Increase Scarcity The post BonkDAO Plans to Burn 1.6 Trillion BONK Tokens to Increase Scarcity appeared first on COINTURK NEWS .
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4 altcoins to buy under $1 at the start of 2025
As Bitcoin ( BTC ) continues to dominate headlines with its record-breaking surge, up 46% since November’s election and 133% year-to-date, attention is shifting to altcoins that offer high potential at a lower price point. While Bitcoin sets the pace for the market, cryptocurrencies like Stellar ( XLM ), Hedera ( HBAR ), Dogecoin ( DOGE ), and Algorand ( ALGO ) are carving out their niches with their use cases and growing adoption. Trading under $1, these altcoins stand out for their partnerships and growing utility making them intriguing prospects for investors looking to diversify in 2025. STELLAR (XLM) Stellar Lumens is gaining recognition as one of the most promising cryptocurrencies under $1, strengthened by institutional backing and its role in cross-border payments. Grayscale Investments LLC’s Stellar Lumens Trust recently posted a 10% increase in net assets for the fiscal year ending September 30, 2024. This growth, linked to the addition of 34,875,230 XLM tokens valued at $3,923, has reignited interest in Stellar, driving a recent price spike. Founded by Ripple co-founder Jed McCaleb, Stellar has established itself as a key solution for global money transfers, strengthened by partnerships with platforms like Félix and Bitso, which shows its real-world utility. Stellar’s price movements have historically mirrored Ripple ( XRP ), offering another layer of potential upside. Ripple’s latest development, including the RLUSD launch, has analysts forecasting a bullish trajectory, with some suggesting XRP could reach $5 or higher. Given their overlapping use cases in cross-border payments, Stellar appears well-positioned to capitalize on Ripple’s momentum. XLM one-day price chart. Source: Finbold Currently priced at $0.39, Stellar has faced a 28% decline over the past month but boasts a 199% year-to-date (YTD) gain, highlighting its potential for significant returns. With strong institutional support, strategic partnerships, and robust fundamentals, Stellar stands out as a cryptocurrency to watch closely as 2025 approaches. Hedera (HBAR) Hedera (HBAR) has strengthened its position in the decentralized finance ( DeFi ) space through a partnership with Chainlink ( LINK ). The collaboration integrates Chainlink’s Data Feeds and Proof of Reserve mechanisms into Hedera, allowing developers to access tamper-proof market data critical for building decentralized applications and real-world asset (RWA) tokenization. This initiative addresses long-standing risks, such as data manipulation, while enhancing liquidity and risk management across DeFi platforms, thereby boosting Hedera’s utility. HBAR one-day price chart. Source: Finbold Currently trading at $0.31, HBAR has achieved a one-month gain of 113% and a year-to-date increase of 261%, reflecting growing market confidence. Adding to its appeal, Bloomberg analysts have identified Hedera as a strong candidate for ETF approval, citing its regulatory compliance and classification outside the realm of securities. The potential departure of SEC Chair Gary Gensler and the possible appointment of pro-crypto Paul Atkins could further ease regulatory pathways for digital assets like HBAR. With a combination of technological advancements and the prospect of ETF inclusion, Hedera is positioning itself as a leading asset for investors seeking high-growth opportunities in 2025 Dogecoin (DOGE) DOGE continues to capture attention as one of the most volatile yet intriguing cryptocurrencies, bolstered by its cultural significance and recent political ties. The incoming Trump administration, widely considered the most crypto-friendly in U.S. history, has sparked renewed interest in Dogecoin. With Elon Musk, a long-time advocate of the token, now heading the newly established “Department of Government Efficiency” (D.O.G.E.), Dogecoin has found itself indirectly linked to significant political narratives. While the agency’s primary focus is reducing government spending, the indirect connection to Dogecoin has further fueled speculation in the meme coin market. DOGE one-day price chart. Source: Finbold Currently trading at $0.33, Dogecoin has seen a one-month decline of 23%, reflecting its notorious volatility. However, it remains up an impressive 271% year-to-date, highlighting its ability to deliver substantial short-term gains. While its price movements often defy conventional market logic, investors should approach it cautiously. The potential for another speculative rally exists, especially under a pro-crypto administration, but the token’s history suggests that such gains may be short-lived. As a result, Dogecoin represents both an opportunity and a risk, making it a speculative bet for 2025 rather than a stable investment. Algorand (ALGO) Algorand is increasingly becoming a cryptocurrency to watch for 2025 due to its growing presence in DeFi and non-fungible token ( NFT ) applications. The Total Value Locked (TVL) in Algorand’s ecosystem rose significantly from $117 million in November to $160 million as of December 24, showcasing its expanding utility and adoption in blockchain-based solutions. Currently trading at $0.39, Algorand has recorded a 33% gain over the past month and a 73% increase year-to-date. These gains highlight strong market interest and confidence in its long-term potential. ALGO one-day price chart. Source: Finbold Derivatives data from CoinGlass also supports Algorand’s momentum, with open interest increasing by 0.92% to $96.11 million, indicating growing activity in futures and options markets. Additionally, the weighted funding rate, long/short ratios, and rekt statistics suggest heightened trading interest, reflecting broader optimism for the asset. These factors position ALGO as a key cryptocurrency for investors to monitor as the digital asset space evolves in 2025. While these altcoins come with varying degrees of risk, their potential to leverage market trends and ecosystem partnerships positions them as strong candidates for investors seeking diversification and higher returns in 2025. However, it is important to note that the cryptocurrency market is inherently volatile, and prices can fluctuate unpredictably. Investors are advised to conduct thorough research and consider their risk tolerance before making any investment decisions Featured image via Shutterstock The post 4 altcoins to buy under $1 at the start of 2025 appeared first on Finbold . CoinTurk News
ZachXBT Exposes $500K Scheme Targeting Solana Meme Coin Investors on X
Blockchain investigator ZachXBT has exposed a sophisticated phishing operation that has managed to compromise over 15 X accounts. The scheme targeted investors in Solana-based meme coins and has resulted in an estimated loss of $500,000. Solana Meme Coin Fraud The Blockchain detective revealed in a December 24 social media post that the operation involved impersonating the X team and leveraging phishing websites to gain unauthorized access to high-profile accounts. The attackers used fake copyright infringement notices to create a sense of urgency, tricking account holders into visiting phishing websites. These sites prompted users to reset their two-factor authentication (2FA) or passwords. Once credentials were obtained, the hackers used the compromised accounts to push scams targeting meme coin enthusiasts. Each compromised account shared a specific contract address tied to fraudulent Solana tokens, urging followers to invest using SOL. Posts often featured the caption “Incoming Transmission,” followed by a token announcement and contract details. The cybercriminals also attempted to obscure their operations by bridging stolen funds between the Solana and Ethereum networks. However, ZachXBT’s investigation uncovered that all the hacked accounts were linked through six deployer addresses used for the scams. The scheme exploited the trust and large audiences of crypto-focused accounts, many of which had over 200,000 followers. Prominent ones affected included Kick, Cursor, The Arena, Brett, and Alex Blania, with the first reported incident occurring on November 26 involving RuneMine, while the most recent was Kick on December 24. Growing Threats to Social Media Platforms This attack is not an isolated incident but part of a broader social media platform exploitation trend by threat actors. X, a hub for crypto projects and creators, has increasingly been targeted for its prominence within the community. In a similar investigation in November, ZachXBT exposed several account takeovers on X and Instagram, which fueled pump-and-dump schemes tied to meme coins. Victims reportedly lost over $3.5 million during this spree, which began in August 2024. The pattern of these attacks remains consistent: accounts are breached, fraudulent tokens are promoted, and the proceeds are funneled into anonymous wallets. Notable examples include the hacking of Symbiotic’s X account in October, where phishing links disguised as airdrop checklists led to tokens being stolen. EigenLayer’s account was hijacked that month to promote a fake airdrop campaign. Truth Terminal AI founder Andy Ayrey’s account was also used to promote fraudulent meme coins, netting the hacker $1.5 million. Following the latest incident, the on-chain sleuth has advised users to increase their account security by limiting the reuse of email addresses across services and using security keys for 2FA whenever possible. The post ZachXBT Exposes $500K Scheme Targeting Solana Meme Coin Investors on X appeared first on CryptoPotato . CoinTurk News