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Pepe Coin price has entered the top 10 cryptocurrencies by 24-hour trading volume, with CoinGecko data currently putting it eighth overall, ahead of BNB but behind Binance USD (BUSD).

Despite its impressive rise, PEPE is currently down by 2% in the past 24 hours, although its price of $0.00000192 represents a 70% gain in a week and a 650% increase in the past fortnight.

As meme-y as it seemed when it first appeared in the market, the ability of PEPE to maintain and build on its early momentum suggests that it has now become an established meme token, with its volume far outstripping that of Dogecoin and Shiba Inu.

This means it could easily continue rising again once its current correction has played out, potentially losing more decimal places as it climbs further up the cryptocurrency leaderboard.

PEPE has actually gained by 0.5% in the past hour, with its chart reflecting this recent recovery of momentum.

Indeed, PEPE had been due a recovery, givne that its various indicators had more or less bottomed out in the past day.

Its relative strength index (purple) had dropped below 30 early this morning, helping the meme token to begin rising again.

Likewise, its short-term moving average (yellow) had fallen underneath its long-term average (blue), and given that it too is close to a bottom, we could see PEPE mount a more substantial recovery in the next day or so.

Indeed, after testing the $0.00000190 support level, PEPE has been able to resume its earlier climb, suggesting that further gains are incoming.

As noted above, the fact that PEPE is now one of the most widely traded coins in the market suggests that it could be here to stay, despite its beginnings.

It seems that whales and exchanges have latched onto the coin, which has benefitted from listings in the past few days from the likes of Binance, KuCoin and OKX.

Such listings have essentially been taken by the market as validation of PEPE, with retail investors rushing to the meme token with every new exchange that began supporting it.

Whales also appear to be stocking up on Pepe, as are the exchanges which list the token, all of which helps to drive up demand and limit its supply.

As such, even though PEPE is a more or less intrinsically worthless meme token, and even though its anonymous founders have dumped large quantities of the token on the market, it has already become a 'big' token.

It currently has just over 108,000 holders, up from only a few thousand a week or so ago.

This kind of momentum will help it continue rising in the medium and longer term, with the coin likely to recover from its current price of $0.00000192 and reach $0.000003 or $0.000004 in the next few weeks.

From there, it could easily lose one or two decimal places by the end of the year, particularly if the wider market becomes more bullish.

Buy Crypto Now

For traders who like diversifying their portfolios, PEPE isn't the only successful new meme token at the moment, with SpongeBob (SPONGE) witnessing gains of well over 2,500% since listing directly on Uniswap on May 4.

A new ERC-20 cryptocurrency, SPONGE has also been created by anonymous founders, but as with PEPE, the coin and its market has already taken on a life of its own.

Aside from the early Uniswap listing, it has begun receiving a growing number of CEX listings, including from MEXC, LBANK, CoinW and Toobit.

Other listings are likely to follow, and if SPONGE does succeed in attract some of the biggest exchanges then it can be expected to enjoy some very big rallies in the not-too distant future.

PEPE has a total maximum supply of 40.4 billion, which is markedly lower than PEPE's, at just over 420 trillion.

It also has more than 10,800 holders, a number which has risen quickly over the past few days, testifying to the coin's momentum.

Such momentum could easily help it rise to $0.001 and higher in the next few weeks, with the coin's all-time high of $0.002394 more than beatable if it attracts a listing or two from a top-tier exchange.

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Pepe Coin Price Prediction as PEPE Becomes Top 10 Most Traded Crypto in the World Can PEPE Reach $1? - Cryptonews

The crypto collapse of 2022 left many investors apprehensive about putting their money into the cryptocurrency market. But crypto experts see this market condition as the best time to invest in the coin market.

With many projects debuting in the industry, crypto enthusiasts may need help picking which crypto to invest in. This article will bring to your notice, Uwerx, a new project that experts predict will outperform Liquity (LQTY) and Algorand (ALGO) in the coin market. Read on to find out the price prediction of these projects in 2023.

Liquity (LQTY) is a decentralized platform supported by the Ethereum (ETH) network that allows ETH holders to receive interest-free loans using Ethereum (ETH) as collateral. The loans are paid out in LUSD and secured by a stability pool.

Like all cryptos, Liquity (LQTY) took a hit in 2022, but it has shown an impressive recovery so far. Starting the year (2023) at $0.58, Liquity (LQTY) is currently trading at $1.45 per token, and its 24-hour trading volume is $11,742,541.

This 279% growth has put Liquity (LQTY) in the spotlight again. Additionally, per crypto analysts, the value of Liquity (LQTY) will likely grow to $3.52 within Q3/Q4 2023.

Algorand (ALGO) is an independent and decentralized blockchain-based network boasting scalability, speed, and energy efficiency. This network can execute nearly one million transactions per second. Recent news reports suggest that Algorand (ALGO) has processed over 1 billion transactions on its network.

Algorand (ALGO) became more popular in May 2022 when it partnered with FIFA on a sponsorship and technical deal. The partnership led to a price increase, but Algorands (ALGO) price has dropped by 10% in the past seven days.

Currently, Algorand (ALGO) is trading at $0.175450, and many investors wonder if it can begin a steady rise soon. According to experts, the expected price increase may take a while because the coins popularity is slowly declining due to new rivals in the coin market.

The Covid-19 pandemic significantly increased the number of individuals working remotely from home, leading to substantial growth in the freelance industry. But many problems existed in the industry, including high fees, scam job adverts, and rogue freelancers. These problems are what the brand-new project, Uwerx, seeks to solve.

Uwerx will capitalize on the gig economys growth to bring blockchain technology into the freelance industry. The project will offer lower fees, faster payments, and data storage to benefit freelancers and businesses.

Additionally, the project has passed audit approval by InterFi Network and SolidProof before the presale of its native token, WERX, to ensure the security of investments. The Uwerx platform will have a 25-year post-presale liquidity lock on the developers WERX tokens to give investors more confidence in their funds safety.

But thats not all. After considering the unpredictability of the cryptocurrency market and the prevalence of online scams, the team behind Uwerx will relinquish smart contract ownership of Uwerx when taxes are reduced to zero. By doing this, they aim to ensure equal access for all investors while also preventing loopholes that may facilitate rug pulls.

Uwerxs price prediction indicates an increase in its value to $1 within Q3/Q4 2023. As a result, we are confident that this presale stage presents the right opportunity to get WERX tokens for a huge ROI.

Since the gig economy is expected to be valued at $455 billion by 2023, experts believe Uwerx has chosen a perfect niche and will likely outperform Liquity (LQTY) and Algorand (ALGO) in the coin market.

The WERX token is sold for $0.012, and we believe it will increase after presale, making now the best time to buy! Visit the links below to participate in the Uwerx presale.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

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Price Predictions Show Uwerx (WERX) Will Quickly Outperform Liquity (LQTY), and Algorand (ALGO) - Analytics Insight

A former Coinbase product manager was sentenced to two years in prison on Tuesday on two conspiracy charges related to what the the Department of Justice called the first ever cryptocurrency insider trading tipping scheme.

Ishan Wahi, 32, pleaded guilty in February after being indicted last year over the scheme, which involved telling his brother and a friend which cryptocurrencies were set to be listed on the Coinbase crypto exchange on at least 14 occasions. The scheme netted the trio gains of about $1.5 million, according to the DOJ.

Todays sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them, Damian Williams, the U.S. Attorney for the Southern District of New York said in a Tuesday statement.

Attorneys for Wahi did not immediately respond to Fortunes request for comment.

Although each count carried, respectively, a maximum sentence of 20 years, prosecutors called for him to face 36 to 47 months, between three and four years, in prison as part of a plea deal, Reuters reported.

In April, Wahi asked for a lighter sentence similar to that of his brother, Nikhil Wahi, 27, who was sentenced to 10 months in prison and ordered to pay $892,500 in forfeiture after pleading guilty to a wire fraud conspiracy charge. The other person Wahi gave information to, Sameer Ramani, has been charged but is still at large.

Attorneys said in a memorandum in April that Ishan Wahi had fully accepted responsibility for his role in the scheme, and that the ruining of his reputation was already a punishment.

Ishans acceptance of responsibility has been swift, sincere, and complete, Wahis lawyers wrote in a memorandum last month.

After Coinbase investigated suspicious trades, they called Wahi in for a meeting last year. Wahi tipped off his brother, Nikhil Wahi, and Ramani about Coinbases investigation and bought a plane ticket to India that was set to leave hours before the meeting. Prior to boarding, Wahi was stopped by law enforcement.

Wahis case comes after Nate Chastain, a former employee of NFT marketplace OpenSea was found guilty of wire fraud and money laundering in the first NFT-related insider trading case. Chastain was found guilty of using inside information he had about what NFTs were going to be listed on OpenSeas homepage to personally pocket thousands of dollars. Sentencing is set for August 22.

In the most high-profile cryptocurrency case, attorneys for disgraced FTX CEO Sam Bankman-Fried argued in an overnight filing that all but three of the now thirteen charges against him should be dismissed.

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Former Coinbase employee sentenced to two years in crypto insider trading case - Fortune

NEW YORK, May 9 (Reuters) - Ishan Wahi, a former Coinbase Global Inc (COIN.O) product manager, was sentenced on Tuesday to two years in prison in what U.S. prosecutors have called the first insider trading case involving cryptocurrency.

U.S. District Judge Loretta Preska sentenced Ishan Wahi, 32, in Manhattan federal court after the defendant pleaded guilty in February to two counts of conspiracy to commit wire fraud.

The scheme involved a "massive abuse" of Coinbase's trust, Preska said during the sentencing hearing, adding that attempts to cover it up showed that Wahi and his co-defendents knew their actions were wrong.

It is one of several high-profile cryptocurrency-related cases brought by U.S. prosecutors in New York, including one against FTX founder Sam Bankman-Fried, who has pleaded not guilty.

Prosecutors have said Wahi shared confidential information with his brother Nikhil and their friend Sameer Ramani about which digital assets would be listed on Coinbase, one of the world's largest cryptocurrency exchanges.

The tipoff allowed the three men to make $1.5 million by trading 55 digital assets ahead of the listing announcements between June 2021 and April 2022, according to prosecutors.

Nikhil Wahi pleaded guilty in September to a wire fraud conspiracy charge, and in January was sentenced to 10 months in prison. Ramani remains at large.

At Tuesday's hearing, Ishan Wahi expressed remorse for his actions and their effect on his friends and family, several of whom were in court.

"I made a huge mistake that will follow me for the rest of my life," Wahi said.

Assistant U.S. Attorney Noah Solowiejczyk said during the hearing that Wahi's conduct was "not a one-off mistake" but a stream of tips over 10 months.

Wahi had asked in court papers for a sentence no longer than his brother's, citing other insider trading cases that resulted in little or no prison time.

Prosecutors had called for Ishan Wahi to spend more than three years in prison to deter other cryptocurrency insiders from misusing corporate information.

Prosecutors can charge fraud in instances in which deception was used to seek financial gain, regardless of the kind of asset involved. This gives the U.S. Justice Department more latitude to go after crypto-related wrongdoing than its civil counterpart, the U.S. Securities and Exchange Commission, which is limited to policing the securities markets.

The SEC has argued in lawsuits, including one it filed against Ishan and Nikhil Wahi over their trades, that many digital assets are securities. Ishan Wahi and the SEC have reached an agreement in principle to settle the claims, while Nikhil Wahi and the SEC are also in settlement talks, court papers showed.

Coinbase has said it does not list any securities.

Reporting by Jody Godoy and Luc Cohen in New York; Editing by Will Dunham

Our Standards: The Thomson Reuters Trust Principles.

Thomson Reuters

Jody Godoy reports on banking and securities law. Reach her at jody.godoy@thomsonreuters.com

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Coinbase ex-manager sentenced to 2 years in prison in US insider trading case - Reuters

The launch of ChatGPT has caused quite the furore, igniting a heated debate about the dangers of artificial intelligence.

The White House recently called leading tech bosses to the table to reiterate their moral duty to protect the public from the risks of this evolving technology.

Meanwhile, the grandfather of AI, Geoffrey Hinton, has quit his role at Google and is now warning of the existential risk machine learning could pose to humanity.

Pundits caution that digital intelligence could give bad actors the power to spread misinformation and replace thousands of jobs, causing widespread unemployment.

In an apocalyptic vision, some even fear that once AI becomes more intelligent than human beings, we could face a scenario reminiscent of the famous I, Robot movie starring Will Smith, where humanoid robots rise against their human masters.

Indeed, anyone who has tried ChatGPT, the AI chatbot developed by OpenAI, will agree that its capabilities are quite remarkable, even at this early stage in its development.

Its not hard to imagine this useful chatbot evolving into a super intelligent technology, with which no human could ever compete.

Yet, amid all this fear of the unknown, we are failing to see the huge potential for AI to transform our everyday lives for the better.

Instead of issuing warnings about job losses, we should take a step back and consider the wider picture.

AI will finally allow us to automate menial, repetitive tasks, allowing humans to focus their energy on work that requires imagination, creative thinking and in-depth research.

Instead of wasting hours on routine jobs, such as data entry, document processing and customer service, humans will use AI to solve complex problems, reduce errors and ultimately improve productivity.

Those who fear AI fear change, but change equals progress.

The arguments against AI were hearing today are the same as those posed against the Industrial Revolution that began in the 18th century.

Yet without it, we wouldnt have electricity, modern medicine or any of the technological developments that are staples of modern life.

Of course, any major technological advancement will lead to an overhaul of the labour market, and AI is no different.

However, the opportunities created by AI will undoubtedly offset any short-term job displacement. While the World Economic Forum projects 85 million job losses by 2025 as a result of AI, it also estimates that 97 million new jobs will be created by this technology.

Another study found that investment in AI helps businesses transition to more educated workforces, with more employees holding university degrees and specialising in the strategically important STEM fields science, technology, engineering, and mathematics.

We should embrace technology that drives such innovation rather than lament its potential dangers.

As well as promoting intellectual development, machine learning can inject much-needed efficiency into most economic sectors, from hospitality to investment banking to, most of all, cryptocurrency.

Indeed, when crypto and AI join forces, they will truly become a force to be reckoned with. AI has the power to eliminate friction from the cryptocurrency user experience, finally creating a seamless end-to-end Web3 journey.

No more clunky transaction approval processes and jumping between applications.

Artificial intelligence will automate the time-consuming background operations of crypto protocols, leaving the end-user to enjoy a one-click experience akin to that of Amazon.

This will remove one of the major roadblocks in the way of mass crypto adoption, paving the way for the digital asset ecosystem to replace legacy financial systems that are no longer fit for purpose.

The potential applications for AI span the entire cryptocurrency sector, from data providers to investment tools.

For example, AI bots can trawl through blockchain data to provide valuable insights, seek out attractive yield opportunities across the entire market and use them to build investment portfolios.

Effectively, AI can be a cheaper, non-custodial replacement for costly investment advice and fund management, opening up the world of investment opportunities to those who historically havent been able to afford it.

As bots become more intelligent, they can take over daily actions such as staking, unstaking and approving transactions, freeing investors and traders to make major strategic decisions.

The crypto market, which includes currencies such as Bitcoin, pictured, has lost $2 trillion of its value in six months. Unsplash

The human versus machine juxtaposition is an outdated sci-fi notion designed for cheap entertainment thrills.

In reality, AI will enhance our lives and take industry, technology and the services sector to the next level.

New opportunities will emerge that we didnt even dare dream about before the emergence of machine learning. Instead of threatening humanity, AI will finally set us free.

Stefan Rust is chief executive of independent inflation data aggregator Truflation and former chief executive of bitcoin.com

Updated: May 10, 2023, 4:00 AM

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Why AI is the future of cryptocurrency - The National