COLLE AI Joins BlackRock’s BUIDL Fund, Signaling Growing Interest in AI-Driven NFTs
- BlackRock’s BUIDL fund, requiring a $5M minimum entry, has amassed total assets of $491 million.
- The BUIDL fund invests in U.S. Treasury bills, cash, and repurchase agreements, maintaining positive growth amid market turmoil.
- COLLE AI, an AI-driven NFT platform, joins BlackRock’s $16 billion BUIDL fund, highlighting its influence in digital art and blockchain.
IntoTheBlock, a market intelligence platform, reports that BlackRock’s BUIDL fund, which operates on the Ethereum network, continues to attract new investors despite recent crypto market volatility. The fund, which requires a minimum investment of $5 million, has reached $491 million in total assets.
The BUIDL fund, formally known as the BlackRock USD Institutional Digital Liquidity Fund, represents BlackRock’s venture into tokenized assets on a public blockchain. The fund invests in cash, short-term d…
The post COLLE AI Joins BlackRock’s BUIDL Fund, Signaling Growing Interest in AI-Driven NFTs appeared first on Coin Edition.
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Top 3 Cryptocurrencies To Watch This Week That Are Under $1
The global cryptocurrency market cap increased by 1% to $2.24 trillion today, suggesting that the market is beginning to show some signs of recovery. Bitcoin (BTC) has slightly recovered, touching $57,000 after an earlier dip below $55,000.
The latest market slump could be due to continued outflows from BTC ETFs as demand for the investment vehicle seems to have dwindled. BTC miners were also selling their holdings as the average cost of mining one BTC surpassed the $86,000 level last month. With prices low, it could be a good opportunity for new investors to enter the crypto market.
Top 3 cryptocurrencies to watch this week that are under $1
Shiba Inu:
Shiba Inu (SHIB) is an extremely popular cryptocurrency that has a lot of potential for future growth. SHIB has risen 2.4% in the daily chart and is currently trading at $0.00001686. If the market recovers, there is a possibility that SHIB could surpass the $0.00003 level.
Also Read: Top 3 Cryptocurrencies to Watch in July 2024
CoinCodex data says that the dog-themed cryptocurrency could hit $0.00003 this week. The platform does not anticipate prices to hold at $0.00003, predicting a correction soon after.
dogwifhat:
dogwifhat (WIF) is another dog-themed cryptocurrency that has displayed incredible performance over the one year. The asset’s price has taken a serious toll over the last few days falling 6.3% in the last 24 hours, 23.4% in the weekly charts, and 37.7% over the previous month.
Also Read: Top 3 Cryptocurrencies to Buy During The Market Dip
WIF is a Solana-based memecoin that could explode once the market trend reverses. The asset hit an all-time high on Mar. 31, 2024, and could reach a new peak soon.
Pepe:
Pepe is another popular meme cryptocurrency that could recover very soon. The asset has risen by over 3% in the hourly charts but is down 2.5% in the daily charts and over 22% in the weekly charts.
On May 17, 2024, Pepe reached its peak of $0.00001717. The asset’s price has since dropped by more than 47%. The cryptocurrency could reclaim its May level once the market recovers fully.
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