Crypto News
Unfazed by Dogecoin Drop: Most DOGE HODLers Still in Profit Despite Price Decline

Following the removal of the iconic Doge meme from Elon Musk’s Twitter in place of the classic blue bird, a price correction was in store for the original meme coin. Yet, the recent Dogecoin decline is not a hindrance, as most DOGE holders are still in profit. According to data compiled by IntoTheBlock, a total of 58% of DOGE investors are still in a position to see profits. Moreover, the development arrives following a decline of 10% over the last two days. Subsequently bringing the meme coins price back to the $0.08 level.
The prevalence of Dogecoin grew in recent weeks, when self-proclaimed ‘Dogefather,’ Elon Musk, integrated the iconic meme into his social media platform. Although it wasn’t in the way many had hoped, Musk replaced the iconic blue bird with the Doge meme. Thus, setting off a meme coin rally, headed by DOGE.
Yet, as many expected, a price correction ensued with the removal of the DOGE meme. However, it doesn’t appear it had a large impact on long-term investors. Specifically, data shows that the recent Dogecoin decline is not a hindrance as most DOGE holders are still in profit.
IntoTheBlock data shows that only 36% of investors are losing money at the current price. Comparatively, 6% of investors are neutral, meaning they purchased the coin at the same price it is currently trading. Additionally, it is interesting to note that the number of long-term DOGE investors is still rising. Specifically, the coin sports 73% of investors who have held their tokens for more than a year. However, the more investors hold, the less likely they are to sell, which disseminates sell pressure from the market.
Bitcoinist notes that the meme coin’s current decline has placed it in lockstep with the crypto market as a whole. Moreover, the coin has slowed in its movement, lining up with the momentum of digital assets like Bitcoin and Ethereum.
Dogecoin holders have been largely unaffected by the price correction, with most investors still in profit. The number of long-term investors is still rising, which has helped to dissipate sell pressure from the market. The coin is now in lockstep with the crypto market, showing similar movements as Bitcoin and Ethereum.
#Dogecoin #Crypto #ElonMusk #DogeFather
You can read more about this topic here: Watcher Guru: Dogecoin Decline Not a Hindrance as Most DOGE Holders Are Still in Profit
The post Unfazed by Dogecoin Drop: Most DOGE HODLers Still in Profit Despite Price Decline first appeared on Byte Syze Crypto.
Crypto News
Deepfake Dilemma: The Alarming Spread of AI-Generated Intimate Content

Ever felt like we’re skimming across the surface of a digital lake, unaware of the profound depths beneath? Well, it turns out the waters are getting murkier, especially in the realm of deepfakes. A stark report by Graphika has surfaced, revealing a troubling surge in ‘AI undressing’ – the act of stripping away clothing from images with a few clicks and a dash of AI.
This isn’t just a fleeting concern; it’s a full-blown crisis ballooning out of control. The case of Twitch streamer Atrioc, who inadvertently exposed his consumption of deepfake content involving friends, was merely a glimpse of a much darker picture. Graphika’s figures are jaw-dropping: over 32,000 instances of non-consensual intimate imagery (NCII) referenced online this year, a 2,408% increase from 2022.
What used to be hidden in the murky corners of the internet has now become a nefarious cottage industry. These AI tools don’t just threaten to fabricate adult content; they open the floodgates to harassment, extortion, and the unspeakable – child sexual abuse material.
The response? Legal battles by high-profile figures like Scarlett Johansson aim to stem the tide, but for many, particularly in the adult industry, their plight remains unheard. And with AI’s relentless march forward, distinguishing between the real and the artificial becomes a herculean task for law enforcement.
There’s a glimmer of hope, though. Individuals like Atrioc are taking steps to rectify past mistakes, assisting those affected. But it’s a small beacon in the vast, stormy ocean of deepfake content, which threatens to ‘overwhelm’ the internet, as the Internet Watch Foundation warns.
So, as we tread these digital waters, let’s be mindful of the unseen currents beneath, shaping an internet that’s becoming increasingly difficult to navigate with confidence.
#DeepfakeAlert #AIEthics #OnlineSafety #CyberSecurity
The post Deepfake Dilemma: The Alarming Spread of AI-Generated Intimate Content first appeared on Byte Syze Crypto.
Crypto News
Solana’s Soaring Success: A Tale of NFTs Outshining Ethereum and Meme Coins Breaking Records

Ever found yourself wondering if the crypto rollercoaster ever slows down? Well, for Solana, it’s full steam ahead, with SOL and BONK leading a charge that’s turning heads and wallets in the crypto realm.
Solana’s native coin, SOL, hit a triumphant 19-month high early Friday, touching $73.85 and marking a substantial recovery from its late 2022 lows. As of the latest check, it’s sitting pretty at just over $73, up 13% in 24 hours, according to CoinGecko.
Not to be outdone, Solana’s meme coin sweetheart BONK is on an astronomical ascent, reaching a new zenith of $0.00001314. The price may have slightly dipped since, but with a 24% increase in a day and a 982% surge in a month, it’s clear that BONK is having its moment.
But there’s more—Solana is also stealing the spotlight in the NFT marketplace. With trading volumes soaring above Ethereum’s, projects like Mad Lads and Tensorians are seeing their prices multiply. In just 24 hours, Solana NFTs notched up $14.8 million in trades, edging out Ethereum’s $13.9 million.
So what’s fuelling this frenzy? A combination of factors, including the Jito airdrop’s $225 million value and a 92% increase in trading volume, are propelling Solana to the forefront of the crypto conversation.
It’s a narrative of resilience, innovation, and perhaps a dash of that old crypto magic—proving again that in this digital Wild West, fortunes can turn on a dime.
#SolanaSurge #CryptoNews #NFTBoom #BONKcoin
The post Solana’s Soaring Success: A Tale of NFTs Outshining Ethereum and Meme Coins Breaking Records first appeared on Byte Syze Crypto.
Crypto News
AI Hype vs Reality: A Sobering Perspective from Industry Leaders

Ever felt like you’re watching a rerun in the world of tech trends? The latest episode in this saga is all about artificial intelligence (AI), with 2023 witnessing an explosion in AI chatter and applications that promise to either revolutionise our lives or spell doom for humanity. But as the AI narrative dominates headlines, there’s a voice of moderation cutting through the noise.
OpenAI’s COO, Brad Lightcap, recently expressed a thought-provoking stance in a CNBC interview. His view? The transformative business impact of AI is overhyped. CEOs won’t find a magic AI wand to skyrocket revenues or slash costs overnight. Yann LeCun of Meta concurs, likening present-day AI to a pet’s intelligence. Even regulators, like CFTC’s Christy Goldsmith Romero, urge a balanced approach to AI, warning against overreliance on AI models in financial markets.
While some tout AI as an economic game-changer, others fear its existential threats. The reality, according to industry experts like Lightcap, is more grounded. AI won’t replace real work and creativity; it’s a tool to augment human capabilities, perhaps best seen as a digital sidekick or research assistant. It’s an incremental journey towards artificial general intelligence (AGI), not a business revolution.
For crypto enthusiasts and professionals dipping their toes into AI, it’s a reminder to temper expectations with practical insights. As we navigate the AI narrative, it’s crucial to discern the hype from the helpful and to understand AI’s role in enhancing, not substituting, the human touch in innovation.
#AI #ArtificialIntelligence #TechTrends #Crypto
The post AI Hype vs Reality: A Sobering Perspective from Industry Leaders first appeared on Byte Syze Crypto.
-
Crypto News1 week ago
Bitcoin Bull Run: What Experts Think Could Happen Next – Decrypt
-
Crypto News1 week ago
“Amazon Impresses Industry Leaders With AI-Powered Image Generator, Outshining Adobe and Stable Diffusion”
-
Crypto News1 week ago
Bring Memes to Life with AI! How Bored People on the Internet Are Using Technology to Get Creative
-
Crypto News1 week ago
Bitcoin ETF Approval: Here’s Why It’s Just a Matter of Time
-
Crypto News1 week ago
“Double the Number of Potential Airstrike Sites in Israel with AI Targeting”
-
Crypto News1 week ago
Introducing Bioniq: The Pioneering Bitcoin Ordinals Marketplace Launching on the Internet Computer
-
Crypto News1 week ago
PlayStation and Nintendo Fans Rejoice: Xbox Game Pass is Coming Your Way
-
Crypto News1 week ago
Cornell Study Reveals Bitcoin Mining Could Help Combat Climate Change