This token is up 290% this week, but could the Memeinator beat it to $1 in 2024?

• TerraClassicUSD is up 290% amid a positive ecosystem outlook.
• Memeinator is a new AI meme token currently priced at $0.014 and in presale.
• Could the MMTR beat USTC to $1?

TerraClassicUSD (USTC) is a token on the rise. In the past week, USTC price surged 290%, with the upside coming amid multiple positive catalysts. Meanwhile, the meme coin Memeinator continues to grind through its presale – currently in stage 7 with over $1.6 million raised.

USTC is priced at $0.05 today. Will it reach $1 in 2024? Or will the Memeinator’s MMTR that’s expected to hit a final presale price of $0.049 beat it to the coveted level?

What is TerraClassicUSD and why is its price rising?

TerraClassicUSD (USTC) is one of the tokens to see significant price uptick this past week. The token’s impressive 290% spike saw its value reach $0.07. The upward momentum pushed its price to highest level since June 2022.

Developments in the Terra ecosystem and recent news, including the listing of LUNC Binance futures, have buoyed buyers. USTC is also now tradable against the Turkish Lira (TRY) and the First Digital USD (FDUSD) stablecoin, adding to the potential for further upward pressure.

LUNC burning is another factor likely to prove positive for USTC and analysts see a break above $0.1 as likely to propel USTC towards $1. This is the level the original UST token fell from when it massively depegged in May 2022.

While a complete flip in outlook could see TerraClassicUSD price climb the charts, could the Memeinator have a better run during the bull market?

What is the Memeinator?

The meme coin market is quickly saturating with new projects – spurred by the astronomical gains posted by tokens such as Pepe, Bonk and Memecoin. But as industry players have pointed out, many of the tokens hitting the market are nothing short of scams and poor-quality copycats of Dogecoin and such.

Memeinator (MMTR) is looking to change that outlook. Not only is it laser-focused on destroying all the weak meme coins, it comes equipped with real utility. 

Staking, NFTs and play-to-earn ecosystem are all etched in the Memeinator roadmap. There’s also the $250k Virgin Galactic giveaway that has seen over 600k entries.

The project is designed to utilise artificial intelligence tools to scan the market for subpar projects. This will see the Memescanner bring a gamified assault to worthless meme tokens via the Meme Warfare game. As players annihilate the low-quality memecoin variants, the Memeinator will rise in market cap. The target is $1 billion before going after the big dogs and frogs.

Excitement around this project has seen investors allocate more than $1.6 million to its presale.

Could the Memeinator reach $1 ahead of the USTC?

The meme market in crypto is now worth over $20 billion. Meanwhile, serious projects are popping up to replace bogus ones. What’s likely is that the next Dogecoin, Shiba Inu or Floki may not be far from hitting the market.

With a target of $1 billion in market cap value, the Memeinator looks to be one of the top contenders for the bull market’s new gem. Combining AI and crypto, and offering real value to the community could be a huge catalyst when MMTR hits the exchanges after its 29-stage presale.

By then, the token’s price is expected to have reached $0.049, offering potential gains of 250% on tokens purchased at current presale price of $0.014. If FOMO kicks in across the crypto market in 2024, the MMTR price could reach $0.1. A rally to $0.5 and then $1 going into 2025 might be possible.

However, the crypto market is largely unpredictable as are other markets. Whether MMTR beats USTC to the $1 level could depend on market conditions and other token specific catalysts. But it could be a good long-term bet.

Learn more or join the presale here.

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Shiba Memu hits $4.6M in presale, but is SHMU worth buying?

• Meme coins have shown a resurgence in recent weeks as AI tokens surge.
• Shiba Memu presale has raised over $4.6 million with 29 days to the final offer date.
• Could this be the opportune moment to buy SHMU?

Data shows AI tokens have been on the rise in recent weeks, helped by a massive forecast for the sector by leading tech companies. Amid this outlook, is Shiba Memu, whose presale countdown is now down to just 29 days, worth buying?

AI tokens have surged in recent weeks

Artificial intelligence-powered tokens have had a decent run in recent weeks. According to data shared by crypto research and on-chain analytics platform Kaiko, AI-related tokens recorded increased trading volumes in November, hitting a peak of $3 billion.

Trade volume for AI-related tokens has surged since the middle of October, led by $RNDR, $WLD, and $FET. pic.twitter.com/iuR2nMIwsY

— Kaiko (@KaikoData) November 28, 2023

Trading volumes have soared since mid-October, with Render (RNDR) Worldcoin (WLD), Fetch.ai (FET) and SingularityNET (AGIX) accounting for the largest share. While the overall upside flip in crypto prices in November might have helped the AI tokens, the broader bullish sentiment around this topic could have played a role.

Analysts forecast the trend to continue, particularly as major mainstream companies like Nvidia, Microsoft, Amazon and Google bet on the success of AI integration. It’s an outlook likely to see solid crypto AI tokens rally in 2024.

As crypto looks to turn the page amid recent events around Binance and its former CEO Changpeng Zhao, could the positive outlook for AI tokens cascade into new projects looking to break onto the scene? Could Shiba Memu be worth buying ahead of the likely bull market?

Shiba Memu – a new AI meme coin

The Shiba Memu’s potential to dominate the memecoin world could come down to its powerful marketing and utility. With AI and crypto already hot topics in the investment space, what Shiba Memu adds is a solid meme-inspired genius.

Natural language processing, predictive analytics and image/video recognition are some of the tools that Shiba Memu deploys to create an AI dashboard set to run memeworld’s self-sufficient ecosystem. The interactive AI dashboard will be a 24/7 marketing machine capable of self-improvement.

Is Shiba Memu worth buying?

Meme coins have returned to the limelight in recent weeks, thanks to breakout performances for the likes of Memecoin (MEME) and Bonk (BONK). Even those to lose momentum as crypto stalled – Dogecoin, Shiba Inu and Pepe – have recorded positive returns in the past month.

As noted, Shiba Memu is a new AI-powered crypto token currently in presale. The huge interest in AI tokens has seen investors hunting for the next gem take positions in its SHMU presale. The project has so far raised more than $4.6 million and with the presale on for the next 29 days only, now could be the opportune time to buy.

SHMU is currently priced at $0.044425 and will continue to rise throughout, with increases programmed to occur every day at 6 pm GMT. 

If analysts’ predictions for AI, Bitcoin and cryptocurrencies materialize in the next 12-24 months, then buying SHMU before the presale ends could be a big move for any investor. However, it should be noted that projections are not a guarantee of future performance. 

Are you are interested in Shiba Memu? Learn more here.

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Duelbits announces partnership with football star Luis Suarez

• Duelbits has announced a strategic alliance with Luis Suarez, a Uruguayan national team and former Liverpool and FC Barcelona star.
• The online casino and sports betting platform will use the partnership in a brand campaign across the globe.
• Duelbits has partnerships with Aston Villa and the Argentina national team.

Duelbits, a crypto sportsbook and online casino platform, has announced a partnership with football star Luis Suarez.

According to details shared with CoinJournal, the partnership is part of Duelbits’ global expansion and will see Suarez champion the platform’s campaigns. 

Duelbits will use Suarez’s image in its brand campaigns as they celebrate the former FC Barcelona, Liverpool and Atletico Madrid striker’s remarkable career, the company said in the press release.

Suarez, who currently plays for Gremio in Brazil, is a Champions League and Copa America. The Uruguayan also played for Ajax. He has scored more than 500 goals in professional matches, winning the Golden Boot twice.

“Joining forces with Duelbits is a proud moment for me. It’s more than a partnership; it’s a shared vision of excellence and trust. I look forward to what we will achieve together,” Suarez said in a statement.

Duelbits to offer $100 welcome offer

Launched in 2020, Duelbits has seen its footprint in the crypto casino and sportsbook industry. The deal with the football star adds to other landmark collaborations, including with Argentina’s national team and English Premier League’s Aston Villa.

The betting platform will mark the strategic alliance with a $100 welcome offer to new members, with its CEO, Marco Pinnisi, saying the company is keen to push crypto betting to the next level.

“We are ecstatic to welcome Luis Suarez to the Duelbits family. His unparalleled achievements and our platform’s promise of an exceptional betting experience are a perfect match. We’re paving a new path for the future of crypto gambling together,” Marco Pinnisi said.

According to details on their website, Duelbits supports several deposit methods. Other than PayPal and Visa, supported crypto include Bitcoin (BTC) Ethereum (ETH) and Litecoin (LTC) among others.

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SHIB burn rate soars, PEPE market cap nears $500M, as Memeinator token presale thrives

• Shiba Inu has removed over 260 million tokens in the past 24 hours.
• PEPE Coin’s market cap approaches $500 million.
• Memeinator’s MMTR token presale gains traction, featuring regular price increases.

There have been significant developments in the world of meme coins with Shiba Inu (SHIB) witnessing a remarkable surge in burn rate, PEPE Market Cap approaching $500 million, and Memeinator’s MMTR token gaining momentum during its presale.

In this article, we delve into the latest occurrences surrounding Shiba Inu (SHIB), PEPE Coin, and the Memeinator (MMTR) token.

SHIB burn rate skyrockets by 20,000%

The Shiba Inu (SHIB) community is abuzz with the recent surge in token burn rate. According to data on the Shibburn website, SHIB’s burn rate skyrocketed by a staggering 20,000%, resulting in the removal of over 260 million tokens in the past 24 hours.

This record-breaking burn rate, unseen in the last two months, underscores the commitment to reducing the token supply.

However, despite the remarkable burn rate, SHIB’s price has yet to reflect substantial gains, currently consolidating with a 5% decrease on a weekly basis.

PEPE market cap approaches $500 Million

In a separate development, Pepe Coin (PEPE) has surged back into the limelight, with its market cap approaching a formidable $500 million. Following a downtrend, PEPE witnessed a remarkable revival in October 2023, doubling its market capitalization. At press time, the meme coin’s market cap was $458,176,826 according to data from Coinmarketcap.

The coin’s unique features, including a deflationary mechanism and redistribution system, contribute to its appeal.

As PEPE continues to attract attention, experts speculate on potential future price increases, with the advancement of the Shibarium layer-2 blockchain solution considered a key factor.

Memeinator MMTR token presale thrives

Meanwhile, the Memeinator project is making waves with its MMTR token presale. Leveraging cutting-edge technology, AI insights, and a mission to eliminate subpar memes, Memeinator aims to be the ultimate meme coin.

During its presale, MMTR token prices are experiencing regular increases every few hours, contributing to the token’s momentum. The project also introduces innovative products like the Memescanner and the Memeinator game, adding utility beyond the meme trading space.

For those eager to participate in the Memeinator MMTR token presale, the process is straightforward; connect your wallet, select a payment method from available networks, such as Ethereum or Binance Smart Chain, or use a card for payment, and buy your MMTR.

Those who purchase the MMTR tokens during the presale can claim their tokens at the end of the presale using the same wallet used for the purchase. Details for the collection will be communicated closer to the end of the presale in Q4 2023.

Adding to the rising MMTR price, Memeinator regularly runs competitions that are open to anyone, including flagship competitions for MMTR token holders. For more information about Memeinator and its presale, visit the official website here.

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New altcoin steals the show as Bonk surges on KuCoin listing and Dogecoin’s on-chain rises

• Bonk (BONK) price rising after KuCoin listing.
• Dogecoin’s on-chain activity resurges.
• Additionally, Dogecoin’s DOGE-1 mission to the moon has been approved.

Recent meme coins’ developments have stirred excitement and intrigue among cryptocurrency investors and enthusiasts alike. This news update covers the notable surge in Bonk (BONK) following its listing on KuCoin, the approval of the Dogecoin-funded DOGE-1 Mission to the Moon, and the resurgence of Dogecoin (DOGE) with a surge in on-chain activity.

Additionally, we delve into the ongoing presale of Shiba Memu (SHMU), a unique meme token with self-sufficient marketing capabilities.

Bonk (BONK) soars on exchange listing

Cryptocurrency investors witnessed a remarkable surge in the price of Bonk (BONK) as it jumped following its listing on the crypto exchange KuCoin.

At the time of writing, BONK had risen by 18% in the last 24 hours, reaching $0.00000451.

The KuCoin listing announced through a tweet by Bonk, triggered increased liquidity and accessibility for users and investors. The listing celebration includes a campaign with a BONK prize pool worth $58,000 for qualified users, fostering further engagement within the community.

Dogecoin’s moon mission DOGE-1 gets NTIA approval

In another groundbreaking development for meme coins, the Dogecoin-funded DOGE-1 Mission to the Moon has achieved a significant milestone by receiving approval from the National Telecommunications and Information Administration (NTIA).

This clearance is a crucial precursor to obtaining the final Federal Communications Commission (FCC) license, addressing the X-Band and S-Band communications for the satellite. Set to launch on December 23 as part of Astrobotic’s Peregrine Mission One, the mission marks a collaborative effort with payloads from prestigious entities, including NASA.

Dogecoin’s on-chain activity surge

In addition to the positive news about its moon mission, Dogecoin (DOGE) is also experiencing a resurgence in popularity, marked by a notable increase in on-chain activity.

According to on-chain analytics firm IntoTheBlock, the number of addresses holding Dogecoin has surpassed five million, reaching a new peak of 5.11 million addresses.

The surge is accompanied by a doubling of active addresses, reaching 168,000—the highest since March 2022. Confirmed transactions on the Dogecoin blockchain have spiked, experiencing a remarkable 1,000% increase in the past 10 days. Despite a recent price decline, the heightened on-chain activity indicates growing interest from institutional investors and large holders.

Shiba Memu (SHMU): the new meme coin disrupting the market

Shiba Memu (SHMU), though a new meme coin, stands out with its self-sufficient marketing capabilities powered by AI technology. Currently, in the presale phase, Shiba Memu aims to revolutionize meme token marketing by creating its own strategies and engaging with users directly through an innovative AI dashboard.

The presale is coming to an end in the next 30 days, and potential investors should take note of the unique pricing mechanism – the SHMU token price increases every few hours during this presale period. The project’s whitepaper outlines ambitious plans, including the launch of an AI marketing dashboard, integration with decentralized applications, and continued development for long-term growth.

For more information about the Shiba Memu presale, you can visit their official website here.

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Shifting Tides in Crypto: A Groundbreaking Force Challenges Established Giants

A transition is underway in the digital asset arena as BorroeFinance ($ROE), a developing innovation, emerges as a contending force against top crypto coins. Meanwhile, Ethereum (ETH) slid following speculations about a possible delay in approving a spot Ethereum ETF. Decentraland (MANA), on the other hand, gained upside momentum amid increasing market volatility.

How is BorroeFinance ($ROE) challenging these top altcoins? Let’s find out!

>>BUY $ROE TOKENS NOW<<

BorroeFinance Takes The Crypto Space By Storm

BorroeFinance ($ROE) is the new force causing an upheaval in the crypto space. As a dynamic innovation with remarkable prospects, investors are flocking into the BorroeFinance ecosystem, having witnessed $ROE’s presale growth. 

Beyond its physical attributes, BorroeFinance ($ROE) offers institutional investors several opportunities to make money.

BorroeFinance is an AI-powered funding marketplace that operates within the decentralized finance landscape with Web3 capabilities. Its role in the DeFi space makes it one of the top DeFi projects, making rounds in the industry. BorroeFinance helps modern-day content creators transform their future earnings into cash.

It offers a platform where future earnings are converted into non-fungible tokens, which are tradable at discounted prices on primary and secondary markets. BorroeFinance’s latest success is readable in its ongoing presale, during which the price of $ROE has risen significantly. 

Presently, $ROE is preparing for an upsurge from its second presale stage price of $0.015 to $0.0175, indicating a potential 16.6% increase.

>>BUY $ROE TOKENS NOW<<

SEC May Delay Spot Ethereum ETF Approval Due To Binance’s Case

On November 26, Andrei Jikh, a renowned YouTuber and prominent figure in the finance world expressed his perception of the Binance tragedy on approving a spot in Ethereum ETF. 

Andrei reiterated the news, alluding to the deal Changpeng Zhao, the ex-CEO of Binance, made with the US Department of Justice involving a fine of $4.3 billion and his resignation. The issue has sparked overwhelmingly dissimilar views from industry participants.

Andrei declared a positive future for ETH, highlighting the eventual approval of the highly anticipated spot Ethereum ETF. 

However, he noted that the process may take longer now as the US government moves to expose previously perpetrated crimes involving cryptocurrencies through the Binance bust. Andrei recommended moving personal assets away from Binance until the situation blows over.

Meanwhile, Ethereum (ETH) has steadily risen during the week, from $2011 to $2048. Based on these figures, the percentage gained on the Ethereum (ETH) price equates to 1.82%. Experts shared forecasts of Ethereum (ETH) shortly.

As ETH recently broke past the $2,000 region, pundits claimed this move could soon boost ETH to $2,400. To achieve this price level requires a 17.1% increase in the price of ETH. Ethereum (ETH) is exchanging hands at $2,048.

Decentraland Rose 23% Despite Volatile Market

Decentraland (MANA) reappeared under the radar after a crypto user called attention to its stealth growth in November. In particular, Kevin Cryptonomist, a cryptocurrency analyst, spotlighted the impressive growth of the metaverse token in November despite being in a seemingly passive phase. 

Kevin captured the price development of Decentraland (MANA) in a post on November 25.

He noted that Decentraland (MANA) had gained 23.03% in November. During this period, MANA rose from $0.363 to $0.447. This price increase occurred amid raging volatility in the crypto market.

Due to this volatility, experts presume MANA may experience difficulty as uncertainty surrounds Decentraland. However, they expect MANA to hit $0.48 by November 30. Reaching this price level could see Decentraland (MANA) grow 7.38% from $0.447.

Learn more about BorroeFinance ($ROE) here:

Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter

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Jito Foundation unveils governance token for Solana MEV development

• Jito Foundation Launches Governance Token (JTO).
• Impactful Solana MEV Mitigation by Jito Labs.
• The JTO token will have a total supply of 1 billion.

Jito Foundation, the driving force behind Solana MEV developer Jito,  has made a significant move with the launch of a governance token, JTO.

This move aims to not only manage the protocol but also foster development in the Solana ecosystem. With a total supply of 1 billion JTO tokens, this initiative seeks to democratize decision-making within the Jito Network, allowing community members to play a pivotal role.

Empowering Solana’s liquid staking with JTO tokens

In a bid to address challenges posed by Maximum Extractable Value (MEV) on Solana, Jito Labs, backed by the Jito Foundation, has taken a proactive approach by launching a governance token, called JTO, for the Jito Network.

1. Introducing $JTO: A New Era of Community-Led Governance.

The Jito Foundation is thrilled to unveil the $JTO governance token to enable community-driven leadership. pic.twitter.com/98lI7Y3NVm

— Jito (@jito_sol) November 27, 2023

The Jito MEV network, consisting of validators, has now garnered over 40% of the Solana network’s stake weight. This statistic underscores the practical impact of Jito Labs in mitigating MEV-related issues on the Solana blockchain. Jito’s software enables Solana to run more efficiently and earn MEV rewards.

With a carefully crafted tokenomics model, the Jito Foundation has allocated 34% of the JTO tokens for community growth, emphasizing the importance of grassroots involvement. Additionally, 10% of the tokens are earmarked for an airdrop, a gesture recognizing the vital contributions of community members in bootstrapping the network.

With JTO, users can set fees for the JitoSOL stake pool, update delegation strategies by controlling StakeNet parameters, manage the DAO treasury of JTO tokens and revenue from JitoSOL, and contribute to the enhancement of the Jito Network.

Solana Ventures and Anatoly Yakovenko, co-founder of Solana Labs, are among notable investors in Jito Labs, which successfully raised $10 million in a Series A funding round last year.

This governance token launch by the Jito Foundation aligns with the broader trend of decentralized decision-making within blockchain projects. By involving the community in protocol management and development decisions, the Jito Network aims to strengthen its position within the Solana ecosystem.

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HSBC and Hang Seng join Standard Chartered and Fubon Bank in China’s Digital Yuan Pilot

• HSBC and Hang Seng Bank have officially joined China’s digital Yuan pilot.
• HSBC China customers can now utilize their debit cards to access personal digital Yuan wallet services.
• There have been collaborative efforts between foreign banks and China’s financial authorities.

International banking giants HSBC and Hang Seng Bank have officially joined China’s digital Yuan pilot, signalling a pivotal moment for foreign banks in the digital currency space. This comes barely a month after HSBC launched digital asset custody services.

This move underscores a growing trend of traditional financial institutions embracing central bank digital currencies (CBDCs) globally.

Foreign banks enter Digital Yuan pilot program

Being foreign banks, HSBC and Hang Seng Bank have made headlines as part of the first group of foreign banks to officially announce their participation in China’s digital Yuan pilot.

Reports from the 21st Century Business Herald reveal that the banks have embarked on this journey, embracing the innovative technology behind the digital Yuan.

HSBC China customers wielding debit cards can now leverage the official digital Yuan app for personal wallet services. This includes the ability to activate and deactivate wallets seamlessly. Moreover, these customers can utilize their conventional debit cards to top up their digital RMB wallets, marking a practical integration of traditional and digital financial services.

Standard Chartered, another international banking heavyweight, has confirmed its involvement in the digital yuan pilot. The bank’s Mainland China arm has successfully accessed the digital Yuan interconnection platform, enabling it to offer digital Yuan exchange services to its customers. This move underscores a strategic push by foreign banks to play a pivotal role in China’s evolving CBDC landscape.

Collaborative efforts and CBDC adoption

Standard Chartered’s collaboration with a Mainland Chinese chartered clearing organization overseen by the People’s Bank of China emphasizes the collaborative efforts between foreign banks and China’s financial authorities. This aligns with the broader trend of HSBC and Hang Seng intensifying their CBDC adoption plans, not only within Hong Kong but also on a global scale.

These developments mark a watershed moment in the integration of traditional banking institutions into the digital currency landscape, emphasizing the increasing importance of CBDCs in the evolving financial ecosystem.

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Shiba Inu dips by 4% this week: is the dip an opportunity to buy more meme tokens?

Key takeaways

• Shiba Inu is down by 4% over the last seven days as the market undergoes a correction.

• Shiba Memu’s presale has now raised more than $4.6 million as more investors troop in.

The cryptocurrency market is undergoing a slight correction after its excellent performance in recent weeks. However, Shiba Memu’s presale continues to hit new highs. 

Shiba Inu could slip below $0.000008

SHIB, the native token of the Shiba Inu ecosystem, is down by 4% over the last seven days. The poor performance comes as the broader cryptocurrency market undergoes a correction.

At press time, the price of Shiba Inu stands at $0.000008077 per token. If the bearish trend continues, SHIB could drop below the $0.000008 level in the near term. 

What is Shiba Memu?

Shiba Memu is a new Web3 project that is launching as a meme token. The project continues to attract interest from investors as the broader cryptocurrency market continues to record an excellent year. 

Its presale recently surpassed the $4.5 million mark and could soon hit the $5 million milestone if the interest continues. 

Shiba Memu is a project that seeks to help individuals and entities handle marketing campaigns. According to their whitepaper, the Shiba Memu platform will leverage blockchain and AI to offer marketing services to users.

The use of AI and blockchain technology would allow Shiba Memum to become a self-sufficient marketing powerhouse. With this platform, users can carry out a wide range of marketing activities. 

The platform will operate 24/7 thanks to its use of AI. It will also identify ideal creative scenarios and develop excellent marketing campaigns for users.

The team revealed that its launch as a meme token is due to the fact that they intend to take advantage of the hype around meme projects. Meme coins have become important in the crypto industry, growing from a market cap of $0 in 2019 to $35 billion in 2023. 

What separates this project from the thousands of other meme coins available in the market is that it offers utility to users. The Shiba Memu AI technology will help users develop their marketing strategies, write their PRs, and promote their services and products on relevant forums and various social media platforms. 

At launch, Shiba Memu will only be available to users on the BNBChain and Ethereum blockchains. 

Shiba Memu’s presale surpasses $4.6 million

Although the broader crypto market is having a poor start to the week, Shiba Memu’s presale continues to hit new milestones. The project has raised $4.615 million so far. At this rate, the Shiba Memu presale will hit the $5 million mark. 

The team will use the funds to develop its AI technology and a suite of other products. 

Click here to find out more about Shiba Memu’s presale event. 

Should you increase your Shiba Memu investment?

Shiba Memu is an excellent project that has a lot of prospects. Investors have been pouring funds into the project over the past few months thanks to its unique value proposition.

If you have invested in Shiba Memu before, you can purchase more of its tokens as the project could be one of the biggest winners in the upcoming bull run. The token could gain massive adoption over the coming months or years, and that could see its price soar higher. 

Listing on cryptocurrency exchanges and gaining massive adoption could see the SHMU token rally to new highs in the coming months and years. 

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BlackRock’s Bitcoin ETF is bringing new impulse for Ripple (XRP), Cardano (ADA) and Dogecoin (DOGE)

• Ripple (XRP): Navigating a critical legal battle with the SEC, Ripple (XRP) faces price volatility, and its future hinges on the lawsuit’s resolution.

• Cardano (ADA) and Dogecoin (DOGE): Cardano (ADA) benefits from increasing staking rewards and adoption, while Dogecoin (DOGE) remains a speculative asset influenced by social media trends and investor sentiment.

• ScapesMania: Emerging as an innovative player in the crypto market, ScapesMania is gaining traction with unique revenue streams and strong presale performance.

The cryptocurrency market is currently on an upswing, with investor optimism driven by anticipation for the upcoming Federal Open Market Committee (FOMC) minutes. Speculations about a Bitcoin Spot ETF approval and other developments are fueling a bullish market run. 

This move by a major asset manager can impact cryptocurrencies like Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and the emerging ScapesMania. Which of these coins stands to benefit the most from the current market sentiment? Which ones will be impacted the least by the upcoming shifts? Join us as we try to decode the situation.

ScapesMania: a new contender in the crypto arena

Multiple crypto experts have already picked ScapesMania as a very promising project for 2023 and beyond. It stands out from the competition by offering holders diverse revenue streams and sizable potential ROIs during presale. 

Companies and individual crypto traders looking for short- and medium-term potential gains can look into ScapesMania’s proposition. The last sale stage price is set at $0.01 per coin, which is higher than the token’s current value. Right now, ScapesMania tokens are available at a 70% discount.

The tokenomics and other features of ScapesMania hint that it could be a lucrative opportunity. The innovative gaming-related core idea, impressive presale figures, $100,000 giveaway, significant social media hype, and other positive aspects can potentially add considerable value to the token in the long run. 

ScapesMania holders are calling for others to join the presale and support this great project so everyone can reap the benefits.

Ripple (XRP): a critical juncture amid legal developments

Ripple finds itself at a pivotal moment, with its ongoing legal entanglement with the SEC nearing a potential resolution. Speculations are rife about a settlement that could be reached by November 30. This legal backdrop has cast a shadow over the XRP market performance, contributing to its price volatility.

Currently, the XRP price is oscillating between $0.509 and $0.655. The 10-day moving average stands at $0.615, suggesting short-term bullish sentiment, while the 100-day moving average at $0.543 indicates a more cautious long-term outlook. The support levels for Ripple (XRP) are currently pegged at $0.272 and $0.418, with resistance levels at $0.710 and $0.857. 

The future price trajectory of XRP is heavily contingent on the outcome of its legal battle with the SEC. A favorable settlement could potentially propel the price past its current resistance levels. 

However, the market remains cautious, as evidenced by the support and resistance levels. Should XRP overcome the $0.710 resistance, it could pave the way for a rally towards $0.857. Conversely, failure to resolve the legal issues favorably could see XRP testing its lower support levels, particularly the critical $0.418 mark.

Cardano (ADA): potential breakthroughs with staking rewards

ADA is in a strong phase, aiming to surpass the $0.40 mark. This momentum is fueled by growing staking rewards and increased transactions. ADA’s price is stable at the $0.35 support level, supported by a noteworthy adoption rate above 30%, a feat achieved eight times in the past three months.

The price of Cardano ranges between $0.253 and $0.318, with a 10-day moving average of $0.373 and a 100-day moving average of $0.282. The support levels are set at $0.150 and $0.214, while resistance levels are established at $0.343 and $0.408. 

If current staking dynamics persist, ADA may experience an early price rebound to $0.40 and potentially surpass this resistance. A drop below $0.30 could challenge the bullish outlook, but the $0.33 support level may act as a buffer against a significant bearish reversal.

Dogecoin (DOGE): a meme coin with significant growth potential

DOGE is gaining traction among crypto traders due to a technical signal associated with significant rallies. While its year-to-date increase is modest at 13.6%, a recent 33.2% gain in the last month has attracted analysts’ attention.

The current price range for DOGE is between $0.0583 and $0.0765. The 10-day moving average stands at $0.0776, while the 100-day moving average is $0.0655. Support levels are identified at $0.0303 and $0.0485, with resistance levels at $0.0849 and $0.1031. 

DOGE’s future price movement appears promising, with technical indicators like the Parabolic SAR and Fibonacci levels suggesting potential for significant gains. A medium-term target of $0.12 at the 0.618 Fibonacci level and a longer-term target of $0.23 at the 1.618 level are in sight. 

Still, market dynamics influenced by social media trends and investor sentiment can be unpredictable for meme coins like Dogecoin (DOGE). Given that rapid gains may result in equally swift corrections, a cautious approach is recommended.

Wrapping Up 

BlackRock’s Bitcoin ETF introduction is a pivotal moment for the cryptocurrency market, impacting Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and ScapesMania. This move boosts investor confidence and enhances the legitimacy of these digital assets. 

Ripple could see a resurgence with favorable legal resolutions, Cardano is poised for a breakthrough with staking rewards and adoption rates, and Dogecoin might experience significant growth due to the market stimulus.

In this realm, ScapesMania has the potential to benefit the most. To learn more about ScapesMania, check out the project’s website, Twitter, and Telegram.

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Elon Musk Says Argentina’s Pro-Crypto President Will Make the Country Rich Again. Can Memecoins Like $GFOX Replace the Sinking Peso?

The window is closing faster than most investors realize. TradFi’s most prominent players have given crypto the green light with their Spot ETF applications, and now nation-states are adopting pro-crypto stances. Hold onto your hats because this cycle will dwarf all that have come before.

Elon Musk says Argentina’s pro-crypto president will make the country rich again, and Javier Milei’s victory shows that Argentina has an appetite for change. But what are the best cryptocurrencies to buy headed into 2024? Can memecoins like Galaxy Fox ($GFOX) replace the sinking peso? And what will Argentina look like in the coming decade?

Javier Milei, Musk’s Proclamation, and Another Bitcoin ($BTC) Friendly Nation

Javier Milei has been elected president of Argentina, and this radical libertarian has sweeping plans for change. Pictured in one of his campaign ads smashing Argentina’s Central Bank, can Milei bring the shakeup Argentina drastically needs?

Keen to slash state spending, stamp out inflation, replace the peso with the dollar, and shut down the Central Bank. Outsiders see pain ahead for Argentine citizens, but nothing worth having ever came easy, and a figure like Milei could be precisely what the country needs.

Musk tweeted his support in November with a simple message: ‘‘Prosperity is ahead for Argentina.’’ The founder of Tesla knows first-hand the pain of bureaucracy, and his simple statement implies that Argentina will fare much better by abolishing state controls and its complex bureaucratic systems.

Milei is another fiercely pro-Bitcoin politician. He joins the ranks of Bukele, the president of El Salvador, in pushing for decentralized hard internet currency. Greater adoption of Bitcoin ($BTC) means greater crypto adoption, and this new capital will eventually find its way into DeFi.

As investors watch political events in Argentina, the real question is, what are the best cryptocurrencies to buy now, given the changing global attitude toward crypto? Could deflationary memecoins like Galaxy Fox be the answer to the inflationary woes of the Argentinian peso? 

Galaxy Fox ($GFOX): Masterclass in Deflationary Tokenomics

Galaxy Fox keeps being mentioned by experts as one of the top 5 cryptos to buy now, and its deflationary nature makes it a perfect alternative to the sinking peso. This play-to-earn token launches an entire ecosystem around its Web3 runner game and rewards the top-ranked players each season.

The ecosystem contains two core value accrual mechanisms for $GFOX token holders. First is Stargate. Stargate is the protocol’s rewards hub, paying out rewards to all stakers. It accrues 2% of all buy and sell taxes and uses this funding instead of token emissions to reward $GFOX stakers.

This unique payout mechanism for stakers ensures no inflation of the $GFOX token and means that staking rewards have no upper-limit cap. As the ecosystem grows and more users trade, $GFOX staking rewards will be up-only.

But how can $GFOX help replace the sinking peso? Instead of acting like Argentina’s Central Bank, which has attempted to print its way out of problems only to land in greater problems. Galaxy Fox will issue the majority of tokens at the TGE and decrease the supply through its protocol burn instead of inflating it.

Early participants can lock in up to 450% gains at launch via participating in the initial phase. And for investors wanting to earn yield on a deflationary asset $GFOX is could be the crypto to buy in 2023.

Closing Thoughts: $GFOX Deflationary Gem

Galaxy Fox has delivered a masterclass in deflation. Instead of large token unlocks and other hidden inflationary pressures affecting almost all major altcoins, it has introduced a model that decreases the token supply over time.

Delivering a P2E token with solid tokenomics and memecoin virality in bullish market conditions is scenario that could see it hit 100X. Participate in the presale today and learn why experts call $GFOX one of the best cryptocurrencies to buy heading into 2024.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Top of the Swaps – Which ‘Swap’ is the Best DEX Coin? Can it Compete with $GFOX?

Over time, Decentralized Exchanges (DEXs) have expanded due to their ability to provide users complete ownership over digital assets. Nonetheless, a lot of DEXs have native tokens just as centralized exchanges. 

As a result, some of the most popular DEX coins that have ranked among the best cryptocurrency investment opportunities are Uniswap, PancakeSwap, and dYdx. However, how well do they stack up against the emerging Galaxy Fox ($GFOX)?

>>BUY $GFOX TOKENS<<

Galaxy Fox ($GFOX) Has Been Predicted To Outperform the Crypto Market

The cryptocurrency market has entered another bull cycle. Where analysts have predicted price growth across the board, Galaxy Fox ($GFOX) has been picked as a coin to watch. The project has been predicted to outperform the rest of the crypto market because of its uniqueness.

Galaxy Fox wants to establish its blockchain game as the best way to earn passive income with cryptocurrency in 2023. Like in other blockchain P2E games, players will earn rewards as they progress in this intergalactic world. In addition to this, there is a leaderboard within the virtual world of Galaxy Fox.

For sustainability, the project has put forward a unique reward concept where 50% of the money made from the transaction fees is sent to a fund. Players who place in the top 20% of the Galaxy Fox game will receive a reward from this fund. All rewards earned within the game can be sold for cash within the in-ecosystem marketplace of Galaxy Fox. In addition, the project also supports the staking of its $GFOX tokens. 

Analysts have ranked $GFOX as one of the best cryptocurrency investments among new crypto ICOs for 2023 because of its unique blend of meme coins and blockchain gaming. As the project grows in the bull market, the token could see up to a 100x price rise.

>>BUY $GFOX TOKENS<<

Can the Top Swap Coins Keep Up With Galaxy Fox?

Although the use of DEXs has increased since the 2022 collapse of some top CEXs, their coins have underperformed. Some experts have linked this to the limited liquidity and slower transaction times of DEXs. 

As the leading DEXs, Uniswap ($UNI) and PancakeSwap ($CAKE) were once ranked among the best cryptocurrency investment options. However, they have struggled in 2023. The price of $CAKE has dropped by almost 40% since the start of 2023. 

On the other hand, $UNI has gained just 1.4% year-to-date. This has been considered an underwhelming performance given that the crypto market has climbed by more than 110% YTD. Aave has performed better than the other two top DEX coins. 

The Aave crypto has gained more than 80% YTD. While these are solid gains, they do not compare to the potential 100x price explosion that has been projected for $GFOX. 

At the moment, $GFOX is valued at $0.00066 and is in the first phase of its crypto presale, making now the best time to join the project. So don’t hesitate, check out their presale now by clicking the links below. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Crypto token outlook this week: Vertex Protocol (VRTX)

• Vertex Protocol (VRTX), the decentralised exchange (DEX) on Arbitrum, is seeing increased volumes for spot and perpetuals.
• VRTX price was 33% up in 24 hours, hitting $0.44 and 89% up from $0.22 on November 22.
• Total value locked (TVL) has reached $32 million.

Most altcoins are trading at near year-to-date highs after mirroring Bitcoin’s march to its highest price in 18 months – the spike to above $38k.

With the overall market outlook remaining bullish, analysts are pointing to a potential upward continuation for BTC.

Here is what to know about Vertex Protocol (VRTX) going into next week.

Vertex (VRTX)

The Vertex Protocol is a decentralized exchange (DEX) on Arbitrum that offers spot, perpetuals and money markets. The hybrid orderbook-automated money maker DEX has seen increased volume in the past few days, with its 24 hour trading volume surpassing dYdX as top volume DEX for perpetuals.

Another 24h volume ATH for @vertex_protocol!

It surpassed dYdX for the No. 1 perp dex in volume. https://t.co/QqGiOSkacW pic.twitter.com/FQdZQfl7OD

— Laevitas (@laevitas1) November 26, 2023

Vertex Protocol TVL and price

With users incentivized via the recently launched Arbitrum (ARB) incentives program, trading volumes are likely to continue surging. The ARB incentives week 2 saw over 210,000 ARB tokens distributed to traders last week.

The claim for the tokens is live, adding to the incentive that earn traders VRTX via the Vertex Protocol’s Trade & Earn program. Users are thus poised to earn rewards on trading fees, with a maximum of 75% of taker fees. VRTX liquid staking allows holders to stake VRTX to generate voVRTX and earn rewards.

According to DeFiLlama, a total of $32 million has been staked on the Vertex chain, with $566 million in derivatives volumes recorded in the past 24 hours. 

VRTX is currently listed on crypto exchanges such as Bybit, Bitget, and Gate.io. Data from CoinGecko shows the VRTX price is up 34% in the past 24 hours and reached a high of $0.44. VRTX/USD is currently trading at $0.42, up 89% from its lows of $0.22 on November 22.

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Web3 gaming and AI project SIDUS burns 6.8B tokens, price skyrockets

• SIDUS price skyrockets as project burns 6.8 billion tokens.
• The Web3 gaming and AI project has seen the price of its native utility token jump 40% in the past 24 hours.
• Buying pressure for SIDUS has pushed it to its highest level since May 2022.

Sidus (SIDUS) price has risen sharply in the past few days, rising to its highest level since May 2022. This comes after the SIDUS HEROES team announced they had burned a staggering 6.8 billion of the native utility token’s supply.

The announcement on Friday revealed the 6.8 billion SIDUS tokens, accounting for 23.13% of the total supply. These tokens have permanently been removed from circulation, cutting total supply to about 22.6 billion.

🔥 It’s done! We’ve burned 6,826,500,000 $SIDUS tokens – 23.13% of the total supply! 🔥

✔️ Transaction details: https://t.co/ew5O7CgeG8

Both our revolutionary votes are over – $SIDUS and $SENATE are much stronger, with a lot of space for growth! 🚀 pic.twitter.com/dX5tpbtAJT

— SIDUS HEROES (@galaxy_sidus) November 23, 2023

Buying pressure for SIDUS rose after this reduction in supply. Sidus (SIDUS) currently has a market cap of $140 million, with a circulating supply of 17.5 billion SIDUS tokens.

What is SIDUS?

Sidus is a space-based gaming, metaverse and Web3 platform powered by AI technology and blockchain. Its SIDUS HEROES ecosystem offers play-to-earn gaming and non-fungible tokens (NFTs) and features a dual token system.

SIDUS is the utility token of the SIDUS HEROES ecosystem, while the governance token is SENATE, which users need to participate in project development and decision-making votes. SIDUS is central to the SIDUS HEROES’ metaverse, both for in-game and out-of-game functionalities, including marketplace transactions.

SIDUS price up 780% in a month

Sidus (SIDUS) is one of the biggest gainers in the past 24 hours, trading more than 40% up as its price reached highs of $0.0078. With a daily trading volume of over $9 million in the period, it’s a performance that brings cumulative gains over the past 30 days to +780%.

SIDUS reached an all-time above $0.19 in January 2022, but lost nearly 95% of that as the bear market took a toll. Despite a broader market recovery, the token remained largely down until an uptick in community (which is now above 27k holders) in recent weeks.

Apart from the token burn, another catalyst to the price surge could be the project’s growing list of partners. Just recently, the team shared its list of business partners and investors that includes Animoca Brands, Polygon, OKX Ventures and Hashkey Capital. YouTuber Mr. Beast is also a partner.

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Cosmos proposal to cap ATOM inflation rate at 10% passed

• The Cosmos Hub community has approved a proposal capping ATOM’s maximum inflation rate at 10%
• Per the proposal, validators can still break even or turn profits at 10% inflation
• Reducing inflation rate will help Cosmos’ security and growth potential.

The latest Cosmos news is that the community has approved a proposal that seeks to cut the maximum inflation rate of ATOM to 10%. The Cosmos Hub X account shared the results of the vote that ended on November 26.

Proposal 848, dubbed the “ATOM Production Reduction: Proposal to Set the Maximum Inflation Rate to 10%” passed with 41.1% of the vote in support and 31.9% against. Vote turnout was more than 72%, the highest in the Cosmos Hub’s history. 

ATOM’s maximum inflation rate to reduce from 20% to 10%

Approval means the cryptocurrency’s maximum inflation parameter will be reduced from 20% to 10%, bringing the current inflation rate down from 14% to 10%. Cosmos Hub’s annualized staking yield will also reduce from 19% to about 13.4%.

Proposal #848 is approved ✅

The max inflation parameter will be reduced from 20% to 10%, bringing ATOM’s current inflation rate to 10%.

This decision comes with the highest turnout in Cosmos Hub history: 72.7% pic.twitter.com/03MPSsUsmx

— Cosmos Hub ⚛️ (@cosmoshub) November 25, 2023

Per the proposal, capping the inflation is crucial to Cosmos (ATOM) maintaining its value proposition in the market as it looks to attract more consumer chains.

High inflation has meant Cosmos’ DeFi yield is dwarfed by competing chains, affecting user growth. The proposal to reduce the inflation rate therefore not only has the potential to accelerate adoption of IBC DeFi protocols, but also see ATOM get better traction as collateral and a liquidity gateway.

The other argument is that at the current inflation rate, Cosmos Hub is overpaying for security relative to its peers, which harms ATOM’s monetary premium. It’s also had the governance token under constant sell pressure, hurting price performance.

According to the proposal, nearly all validators will still be at break even or profitable levels with 10% max inflation. Validators can also opt for increased commission rates to cover operational expenses or turn profits.

The price of ATOM was up nearly 9% on Sunday morning, changing hands at $9.64.

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Blast founder denies Ponzi scheme claims as TVL rockets past $400 million

• Blast was supported by a $20Ms investment from notable backers like Paradigm and Standard Crypto at launch.
• Blast is facing Ponzi scheme claims.
• Roquerre clarifies that Blast’s 4 to 5% yield comes from reputable platforms like Lido and MakerDAO.

In a recent twist of events, Blast has faced scrutiny and Ponzi scheme claims. However, the founder, Tieshun Roquerre, has vehemently denied these allegations.

Despite ongoing debates, the recently launched Blast platform has achieved a significant milestone with a Total Value Locked (TVL) exceeding $400 million, emphasizing the platform’s rapid growth and unique features, including ‘Blast Points’ for community engagement and an innovative approach to Layer 2 (L2) native yield generation.

As the platform gains attention with a Total Value Locked (TVL) surpassing $400 million, Roquerre has sought to clarify misconceptions surrounding Blast’s innovative approach to yield generation and community engagement.

What is Blast?

Launched in an invite-only early access mode, the Blast platform has quickly garnered attention, raising $20 million from investors including Paradigm and Standard Crypto.

With a TVL exceeding $400 million, the platform’s unique features, such as ‘Blast Points’ for community engagement, have contributed to its rapid growth. The TVL milestone reflects confidence from investors and users alike, despite ongoing debates about the platform’s viability and security.

Blast positions itself as the first Layer 2 (L2) with native yield. Promising an EVM-compatible optimistic rollup, the platform allows users to earn yield on stablecoins. By bridging assets like USDC, USDT, and DAI to Blast, users participate in on-chain T-Bill protocols like MakerDAO, receiving yields in Blast’s auto-rebasing stablecoin, USDB.

Despite concerns about a lockup period and the L2’s yet-to-be-launched status, Roquerre envisions Blast’s potential impact on reducing transaction costs and enhancing institutional-grade NFT perps.

Addressing Blast’s Ponzi scheme claims

Tieshun Roquerre, the founder of Blast, has responded to allegations labelling the platform as a Ponzi scheme.

Roquerre strongly refutes these claims, emphasizing that Blast’s 4 to 5% yield is sourced from reputable platforms like Lido and MakerDAO. He points out that these yields are a result of Ethereum’s staking rewards and on-chain T-Bills, positioning them as sustainable components within the crypto economy. Roquerre’s commitment to transparency aims to dispel misconceptions surrounding Blast’s financial model.

As Blast navigates its early stages, the cryptocurrency community remains vigilant, observing the platform’s progress and assessing its potential impact on the evolving landscape of crypto finance.

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As Shiba Inu, Dogecoin stalls, is Shiba Memu the next big thing?

Shiba Inu and Dogecoin, which revolutionized the meme coin industry, have stalled this year and underperformed their peers. SHIB price has barely moved in 2023 even as Bitcoin has jumped by over 120%. Dogecoin, on the other hand, has risen by less than 10%.

Why SHIB and DOGE are struggling

Dogecoin and Shiba Inu were two of the hottest meme coins in 2021, which explains why they are multi-billion dollar assets. Dogecoin has a market cap of over $11 billion while Shiba Inu is valued at more than $4.9 billion.

The two have lost momentum as investors focus on other cryptocurrencies. Some of the fastest-growing tokens this year are newer meme coins like Bonk, Pepe, and Memecoin, which are all worth over $1 billion. 

Dogecoin has stalled because Elon Musk, who famously boosted it in 2021 has stayed in the sidelines. He has not talked or even tweeted about it in the past few months. As a result, most investors have avoided the coin.

Shiba Inu, on the other hand, has had a difficult year. It started the year well as investors waited for its Shibarium launch. It soared to a high of over $0.000015 in February and then pulled back to the current $0.0000082. 

This price action is known as buying the rumour and selling the news. While Shibarium has already been launched, it has not done much to boost Shiba Inu’s ecosystem. 

Taken together, the daily traded volume of SHIB and DOGE has been lower than its historical levels. In the past 24 hours, only $130 million worth of SHIB and $395 million worth of Dogecoin were traded.

Shib Memu could be the next big thing

As Shiba Inu and Dogecoin have lost traction, other smaller and newer meme coins like Bonk and Pepe have become popular. Bonk has surged by over 2,100% from the lowest level this year. 

Similarly, Pepe has more than doubled from its YTD low. This is a sign that investors are becoming more interested in newer meme coins in this crypto bull run. 

Therefore, there is a likelihood that Shiba Memu will be the next big thing in the crypto industry. For example, the developers have already raised over $4.6 million in the past few months. 

It aims to do this by combining the virality of meme coins and artificial intelligence (AI). It will use AI to create viral marketing campaigns, which will help it reach millions of people every day. You can buy Shiba Memu here.

Like all financial assets, there are risks for investing in Shiba Memu. Its price could crash, as we have seen with other crypto tokens. Therefore, you should use quality risk management strategies to prevent huge losses. For example, you should only invest a small portion of your portfolio in it.

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Crypto fear and greed index rises as Memeinator gains momentum

• Binance settled with the SEC and agreed to pay $4.3 billion.

• Changpeng Zhao also agreed to step down as the CEO and pay $50M.

• Memeinator continued with its token sale as it raised over $1.4 million.

The crypto fear and greed index remained in the green this week even as the industry went through severe challenges. Bitcoin surged to over $38,000 while crypto tokens like Superverse (SUPER), GameSwift, and EthereumPoW more than doubled. In all, the total market cap of all digital currencies approached the $1.5 trillion level.

Binance and Kraken woes

The crypto industry had several important events this week. It started with a major lawsuit brought by the Securities and Exchange Commission (SEC) against Kraken, one of the biggest crypto exchanges in the world.

The SEC alleged that the company operates as an unregistered securities exchange, putting millions of customers at risk. It also operates illegally, providing broker, dealer, and clearinghouse services. Further, the exchange does not do proper record keeping, and that it commingles customers funds.

A day later, the SEC reached a settlement with Binance, the biggest exchange in the world. As part of the settlement, ChangPeng Zhao, the company’s founder and CEO, agreed to step down and pay a $50 million fine. The exchange will also pay over $4 billion in fines.

Therefore, the price action of cryptocurrencies is a sign that investors have welcomed the new actions on Binance. Besides, regulatory challenges have been hanging around the crypto industry in the past few months. In a statement, analysts at JPMorgan said:

“Its market share loss should be contained going forward and perhaps partly reverse once the implications from the settlement on Binance’s operations and business model become more clear.”

Memeinator token sale doing well

Meanwhile, Memeinator has continued doing well as the token sale gains momentum. According to its website, the developers have now raised over $1.49 billion from investors as demand rises. 

Data also shows that over 300k people have entered its promotional campaign, where the winner will get a ticket to go to space in the coming months. A Virgin Galactic trip is said to cost over $200k.

Memeinator is aiming to take advantage of two important themes. First, it is a meme coin that seeks to outperform other meme coins like MemeCoin (MEME), Pepe, and Bonk. All these tokens have surged recently, creating millionaires along the way.

Second, there is the theme of artificial intelligence (AI), which is booming after the success of ChatGPT, Bard AI,  and Anthropic. Recently, AI tokens like SingularityNET (AGIX) and Fetch AI have been some of the best performers in the industry. Therefore, there is a likelihood that MMTR token will do well when it is listed. You can buy the MMTR token here.

There are risks for investing in Memeinator. As we have seen with other tokens, there is a risk that its price will not rise after being listed. There is also the risk of pump and dumps. Therefore, you should only invest funds that you can afford to lose.

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Binance Labs & BNB Chain Open New Founder-focused Track to Incubate 100 Early-stage Projects

DUBAI, UAE, November 24th, 2023, Chainwire

Binance Labs, in partnership with BNB Chain and CMC Labs, has introduced a new Founder Track to the Most Valuable Builder (MVB) Accelerator Program. MVB, now in its 7th season, is an accelerator program jointly organized by Binance Labs and BNB Chain. The program was launched in 2021 with a focus on supporting builders and growing the BNB Chain ecosystem. This season, the organizers are welcoming CMC Labs to the MVB program as a strategic partner.

The MVB program now consists of two tracks. The newly added Founder Track functions as a venture studio dedicated to incubating 100 innovative ideas that address real-world needs. This track sees projects receive backing from Binance Labs and support in deploying their ventures on BNB Chain. Since the program’s inception, the Startup Track has been integral in providing tailored support to early-stage startups. It provides a customized curriculum to assist Web3 startups on their journey toward long-term growth. Both the Founder Track and Startup Track run concurrently.

The venture capital and incubation arm of Binance, Binance Labs recognizes that some of its most impactful ventures have resulted from in-depth, early-stage collaborations with entrepreneurial founders and builder teams. Early-stage incubations and investments have included Celestia, Injective Labs, Polygon, and SafePal. The Founder Track seeks to identify builders who are interested in working on ideas that address real-world needs together with mentors from Binance Labs and BNB Chain.

Establishing synergy between Binance Labs and BNB Chain, the Founder Track aims to replicate this kind of impact and unlock the full potential of BNB Chain. The track invites founders to propose business ideas or collaborate on existing initiatives with the Binance Labs investment team and BNB Chain contributors. The goal is to empower builders who aspire to succeed as founders, and support them in creating something transformative on BNB Chain and beyond.

The Founder Track aims to support the strongest builders and is open to taking on up to 100 innovative collaborations throughout its duration across the MVB seasons. This season the areas of focus include: SocialFi, on-chain games, intent-centric dApps, digital identity and reputation, AI-powered dApps, massive yield-bearing assets (LSD, restaking and RWAs), security and privacy solutions, payment rails using BNB Chain, ZK coprocessors, and content and data platforms that utilzie BNB Greenfield.

MVB 7 applications are open until January 15, 2024. Founders can apply here.

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $9 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on Twitter.

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network.

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception.

The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO.

About CMC Labs

CMC Labs is CoinMarketCap’s selective accelerator program for startups, supporting Web3 entrepreneurs with a range of expert services, including marketing campaigns (Learn & Earn, Airdrops), social amplification, bespoke content (high impact videos and articles) and networking opportunities with top-tier ecosystems, VCs, market makers and mentors. To learn more, visit our page.

 

Contact

Jack S
jack.sutherland@bnbchain.org

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UK investment funds get green light for tokenisation

• UK authorised funds can now develop and implement tokenisation models.
• The green light comes after the Technology Working Group of the Government’s Asset Management Taskforce published its report on UK fund tokenisation.
• The HM Treasury and the Financial Conduct Authority (FCA) collaborated on the initiative.

UK investment funds have the approval to develop tokenisation, with the development coming after the establishment of a government taskforce on asset management earlier this year.

The announcement follows the publication of a report on tokenisation by the Technology Working Group of the Government’s Asset Management Taskforce, the Investment Association (IA) said in a press release.

According to the industry body, the ‘UK Fund Tokenisation – A Blueprint for Implementation‘ report includes input from HM Treasury and the Financial Conduct Authority (FCA) and provides for a roadmap on use of distributed ledger technology (DLT) for fund tokenisation in the UK.

Milestone for UK funds industry

Allowing tokenised funds to adopt DLT in their operations, from sales to redemptions has the potential to open the industry to further growth, Michelle Scrimgeour, Chair of the Working Group and CEO at Legal & General Investment Management, said in a statement.

“Today marks a milestone in the implementation of tokenisation within the UK’s fund industry. Fund tokenisation has great potential to revolutionise how our industry operates, by enabling greater efficiency and liquidity, enhanced risk management and the creation of more bespoke portfolios,” Scrimgeour added.

The FCA said it welcomed the Working Group’s report, noting that it sets out guidelines on adoption of tokenisation models within the UK’s current legal and regulatory framework.

“We welcome the report today which identifies a way forward for tokenisation and has concluded that there are no significant regulatory barriers to the adoption of the proposed baseline model,” said Sarah Pritchard, FCA’s executive director of Markets and International.

UK’s support for innovation

Today’s announcement comes just a day after UK Finance Minister Jeremy Hunt proposed legislation for the country’s Digital Securities Sandbox. As highlighted by CoinJournal, the initiative aims at promoting digital assets use in financial markets. 

The initiative adds to the recently outlined Digital Sandbox that the FCA envisioned for early-stage digital assets firms.

Together with the passage of a key markets law recognizing crypto trading as regulated activity there’s been clarity on stablecoin regulation. As other developments come into the picture, what the industry sees are milestones that align with the UK’s quest to become the global hub for blockchain and web3 innovation.

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KyberSwap offers a 10% bounty to hacker who stole $47M

• KyberSwap is yet to get back the $7 million that was stolen on November 22.
• The decentralized exchange has offered a 10% bounty to the hacker in a bid to get the funds back.
• Security firm Beosin unveils the intricacies of the exploit, attributing the attack to a vulnerability in Kyber’s liquidity pools.

Following the $47 million KyberSwap hack on November 22, the decentralized exchange protocol has made a bold move in an attempt to recover the funds.

The protocol has offered a bounty in a bid to encourage the hacker to return the stolen assets.

Incentive for the hacker

In response to an on-chain message left by the perpetrator, KyberSwap has offered a 10% bounty (amounting to $4.7 million) to the hacker who executed the exploit.

The hacker had hinted at negotiations with the KyberSwap team, stating, “Dear Kyberswap Developers, Employees, DAO members, and LPs, negotiations will start in a few hours when I am fully rested. Thank you.”

KyberSwap’s co-founder, Victor Tran, conveyed a straightforward ultimatum in an on-chain message, presenting the hacker with a choice: return the funds or “stay on the run.” The bounty offer is contingent on the hacker returning the remaining 90% of the stolen funds to a specified address by 6 am UTC on November 25.

The KyberSwap attack

The attack targeted KyberSwap’s Elastic pools, exploiting a vulnerability related to the tick interval boundaries on Kyber’s liquidity pools. Security firm Beosin revealed that the flaw allowed the hacker to artificially double the liquidity, draining $47 million across various blockchains, including Arbitrum,  Ethereum, Optimism, Polygon, and Base.

The incident underscored the persistent challenges and security risks in the decentralized finance (DeFi) space. KyberSwap’s proactive approach of offering a bounty is aimed at mitigating the impact of the exploit and ensuring that liquidity providers are compensated for their losses.

The situation remains fluid as the hacker has not responded to the bounty proposal, maintaining silence since the attack on November 22.

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OKX to list Fetch.ai (FET), SingularityNET (AGIX) for spot trading

• OKX will list Fetch.ai (FET) and SingularityNET (AGIX) on its spot market on November 24 at 10am UTC.
• FET and AGIX are leading AI tokens and their prices have surged in recent months.
• OKX also recently listed Pyth Network (PYTH).

Crypto exchange OKX has announced the listing of two artificial intelligence (AI) related crypto tokens on its spot market.

The two tokens, Fetch.ai (FET) and SingularityNET (AGIX) will be added to the exchange’s spot market at 10:00 am UTC on Friday, November 24. 

Deposits for FET/USDT and AGIX/USDT are open, enabled at 6:00 am UTC ahead of trading, OKX said in a post on X. OKX will enable FET and AGIX withdrawals on November 27, at 10:00 am UTC.

FET and AGIX prices surge

Fetch.AI is an Ethereum-based token that is powered by artificial intelligence to support a decentralised internet economy. The total supply of FET is 1,152,997,575.

After OKX’s announcement, the price of OKX surged more than 10% to break above $0.55, with cumulative gains over the past 30 days at 99%.

Meanwhile, the price of SingularityNET (AGIX) was up 9% in the past 24 hours as bulls looked to extend gains above $0.30. AGIX/USD has soared nearly 50% in the past month and is more than 600% up since its low in November 2022.

The SingularityNET network also uses artificial intelligence to power its decentralised AI marketplace.

Fetch.ai and SingularityNET prices have rallied alongside the growing positive narrative around AI, with mainstream forecasts by companies such as Nvidia, Meta and Microsoft adding to the bullish outlook.

Listing on OKX adds to the tokens’ visibility and could see further upside momentum as crypto eyes the next bull market.

Another token to rally higher this week has been Pyth Network (PYTH), which went live on OKX’s spot and perpetual markets on November 20. PYTH is up 25% in the past 24 hours.

The post OKX to list Fetch.ai (FET), SingularityNET (AGIX) for spot trading appeared first on CoinJournal.

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Austria’s Raiffeisen Bank to launch crypto trading in partnership with Bitpanda

• Austria’s Raiffeisen Bank will launch crypto trading in 2024.
• Raiffeisen Bank International has $215B in assets and a customer base spanning the European Union and Eastern Europe.
• Bitpanda crypto exchange has complied with the crypto regulations in Austria and Germany.

In a significant move signalling the increasing adoption of cryptocurrencies in the traditional banking sector, Raiffeisen Bank International has announced its plans to introduce cryptocurrency trading services for retail customers by the end of January 2024.

The initiative will commence in Vienna, where the 97-year-old bank is headquartered, in collaboration with local cryptocurrency exchange Bitpanda.

Raiffeisen Bank’s partnership with Bitpanda 

Raiffeisen Bank’s cryptocurrency services, designed to cater to digital-savvy customers, will leverage a partnership with Bitpanda. Through the Raiffeisen app, customers in Vienna will be able to access Bitpanda’s platform using their mobile devices seamlessly.

Curt Chadha, the bank’s head of innovation, emphasized that the user experience will be familiar, with the confirmation of trades resembling the security measures associated with traditional bank transfers.

The decision to initiate services in Vienna, home to approximately a quarter of Austria’s population, aligns with Raiffeisen Bank International’s strategy to tap into the growing demand for cryptocurrency services in a controlled manner. Chadha noted that the focus is on customers looking to make smaller investments, distinguishing the offering from those of other banks that target wealthier individuals with substantial investment portfolios.

Bitpanda’s regulatory compliance

Bitpanda, founded in Vienna in 2014, operates under the supervision of the Financial Market Authority (FMA) in Austria and the Federal Financial Supervisory Authority (BaFin) in Germany. The exchange provides regulated trading, investment, and custody services for various assets, including stocks/ETFs, cryptocurrencies, precious metals, and commodities.

This regulatory compliance adds an additional layer of credibility to the partnership and positions Bitpanda as a platform facilitating secure and regulated access to various asset classes.

As Raiffeisen Bank International enters the cryptocurrency space, the collaboration with Bitpanda signifies a strategic move to cater to the evolving financial preferences of a digitally inclined customer base. The initiative underscores the bank’s commitment to innovation and reflects the broader trend of traditional financial institutions adapting to the growing influence of digital assets.

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