Elon Musk Pushes for Dismissal of Massive $258B Dogecoin Lawsuit
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Elon Musk’s lawyers have requested a US judge to dismiss a $258 billion lawsuit filed by Dogecoin investors, accusing Musk of promoting a pyramid scheme for the cryptocurrency. The lawsuit alleged that Musk drove up Dogecoin’s price by over 36,000% and then let it crash. However, Musk’s lawyers argued that his tweets about Dogecoin were “innocuous and often silly” and too vague to warrant a fraud claim. They referred to the lawsuit as a “fanciful work of fiction” and attempted to convince the judge to throw out the case.
Ethereum Sharks Pushes the Price Above $1400-While the Risk of a Bull Trap Increases
The crypto markets have been pleasant on the market participants as the majority of cryptos are heading towards their pivotal resistance, as soon as Bitcoin ignited a minor bull rally. Additionally, the global crypto market capitalization is also heading toward $900 billion, soaring by nearly 5% in the past 24 hours. Following the star crypto, the second largest crypto, Ethereum also sliced through its critical resistance at $1385 and jumped above $1400 in no time.
As Coinpedia reported earlier that Ethereum’s Knock-back is impeding, the current upswing may still be nullified, trapping the bulls close to $1500.
In a recent update, the number of Ethereum’s shark addresses holding 100 to 10,000 ETH tokens has swelled adding up to 3000 addresses in the past 10 weeks. As per the data from Santiment, the number of addresses has now reached 48,556 which is the highest level recorded since February 2021.
As seen clearly in the chart that the sharks tend to extract their profit after the price records significant gains. Previously, the no. of addresses continued to rise immediately after the markets crashed in May 2022.
The whales kept on adding ETH until the price regained levels close to $1800 after facing rejection from $2000. This was when the majority of the sharks just extracted their profits which is one of the reasons, the ETH prices dropped below $1300 in the next 2 months.
Now when the addresses count is raising since then, yet another possibility of a drastic drop haunts the Ethereum price rally. Presently, the ETH price is attempting very hard to hold above the gained levels at $1400 as the bear’s pressure has intensified. If the price is able to sustain above the crucial resistance-turned-to-support at $1385 until the day’s close, the bearish narrative may be invalidated for sometime ahead.
“Crypto is not dead,” Says YouTuber Bitboy. HedgeUP ($HDUP) Pushes Social Media Influence
The FTX crash and other financial discrepancies rocked the crypto markets this year, resulting in a drastic decline in cryptocurrency prices and sparking negative criticism of the entire crypto industry. Most people think crypto has become redundant, but popular crypto YouTuber Bitboy debunks that, saying crypto is not dead but rather an industry bound to come back stronger.
Crypto has preceded projects and coins that paved the way and allowed new projects to thrive. This repetition is more like an ecosystem of crypto that survives off the failure of another. It is seen today with the development of different projects; this is why crypto is not dead.
The crypto market, like all assets, goes up and down in value, but new crypto projects have achieved real-world applications and solutions that could give them historical upside. An example of these innovative solutions is HedgeUP ($HDUP).
This article will assess how HedgeUP ($HDUP) is an example of why crypto isn’t dead.
HedgeUp ($HDUP) is an emerging crypto platform in the alternative investment system. HedgeUp ($HDUP) is globally renowned for providing alternative investment assets. With tokenization, real-world assets like expensive art, real estate, and more are easily accessible. To make the procedure easier for international investors, the corporation divides expensive assets into tiny bits for collective investment.
HedgeUp’s ($HDUP) blockchain tokenization service creates international trading opportunities between traditional finance and private markets. $HDUP is the native token of the HedgeUp platform. The token gives access to tokenized assets that are secure, straightforward, easy to trade, and controlled by the new utility token $HDUP.
The issue of decentralized social media has always been an interesting concept in the Web3 ecosystem because there are so many possibilities for developing the blockchain network. Stage 1 of the HedgeUp ($HDUP) roadmap provides for its launch of indigenous social media and community platforms. This section is massive for HedgeUp ($HDUP) because the more social media influence the company possesses, the more investment appeal the platform has to other companies and individual investors.
HedgeUp ($HDUP) Removes the Barriers to Commercial Connectivity.
As the social platform grows, HedgeUP ($HDUP) will possess more influence in providing individual and company investors with new market opportunities and better-streamlined services. This social media and community aspect will increase HedgeUp’s social media influence. It will create awareness of the good possibilities of fractional alternative investments.
HedgeUp ($HDUP) plans to further utilize its social media influence to generate insights on crypto and alternative investments while stimulating asset demand. It will create many targeted asset offerings for targeted individuals to improve the swiftness of alternative investing. It will also promote HedgeUp’s relevance to rudimentary commerce.
Through its social media influence, HedgeUp plans to integrate with metaverse companies to facilitate communication and trade, making good use of its social media. Integrating many innovative blockchain technologies like Metaverse, NFTs, and Web3 with HedgeUp ($HDUP) is bound to increase the entire valuation and innovation of the platform and create more profit for investors. Hedgeverse, as it is called, will help connect entrepreneurs and investors to the global economy, actively synchronizing technology to bridge the distance issue in commerce.
The above technological advances of crypto, like that of HedgeUp ($HDUP) – through social media – pose a strong stance that the crypto industry is not dead. Although it has had good and bad times, it has stood the test of time, and projects like HedgeUp ($HDUP) are most definitely here to stay.
Oryen Network Pushes +200% Due To Huge Buys With USDT And USDC
Stablecons like Tether and USD Coin are integral to the crypto world. By being tied to regular fiat currencies like the dollar, they give holders true stability and a price they can always understand. So when major holders of extremely stable currencies like USDC start moving their funds into other projects, people take notice. That’s what’s been happening recently with Oryen Network: and it’s already up 200% as a result.
But if you missed your chance to enjoy these gains: there’s still time left to enjoy more. ORY hasn’t even officially launched yet, and many experts think it’s set to be one of the break-out stars of the crypto world over the next few months when it does. By investing now, you could enjoy even bigger gains when it hits mainstream marketplaces and continues to capture the public’s imagination.
Oryen Network (ORY) thriving thanks to major influx of investments
Oryen’s performance during pre-sale is even more impressive when looking at the wider crypto market’s recent issues. If you’ve got other investments in the industry, you’ll probably have seen how much your portfolio has been struggling recently. Most people are experiencing the same issues: but those invested in ORY are bucking the bear market trend. They’ve already seen gains at a time when almost every other crypto is plummeting. And they’re expecting even more gains now major holders of USDT and USDC are all-in on the project. With the biggest passive income yield ever at 90% and the easiest staking model ever seen in crypto, these price movements will be supported by a truly sustainable system that pays out generously over time. So if you want price gains and passive yields along the way, join stablecoin investors by putting your faith into ORY.
USD Coin (USDC) leads the way for digital fiat options
In a crypto world where many other investments are open to vast amounts of volatility and price dumps on a day-to-day basis, stablecoins have become a crucial part of the ecosystem. They provide a price that’s tied to a true value like the dollar and can be used easily for purchases and transactions in a currency everyone can always understand the value of. USDC continues to lead the way as one of the most prominent stablecoin options and should always be part of a diversified portfolio alongside more speculative investments as a hedge against volatility.
Tether (USDT) remains stable despite market turmoil
Tether had taken a bit of flak a few months back. Many questioned its ability to remain on a 1:1 dollar peg, especially in volatile times. But despite recent turmoil, USDT has surprised some onlookers by continuing to offer true stability for investors. It’s one of the best stablecoin options out there and is an integral part of the crypto ecosystem. But alongside their USDT holdings, some savvy investors are moving funds into projects like ORY. Now could be the time to follow their lead and gear your portfolio up for long-term success.
Conclusion
While any good portfolio should have stablecoin stability with the likes of USDT and USDC, it should also have investments that could rocket into the stratosphere. And the best option if you’re looking for those kind of gains is ORY, which is primed for the big time in the crypto world and could soon surpass almost every other altcoin. Now’s the perfect time to invest before it finishes pre-sale.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Telegram: https://t.me/OryenNetwork
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Lawsuit Against Ripple Pushes Investors Away From XRP While Market Crowns Chronoly As New Giant
Ripple (XRP) and Chronoly (CRNO) are two cryptocurrencies that have been in the news, but for different reasons. Ripple (XRP) has been in the news for negative reasons, such as the SEC’s lawsuit against the project and the falling price of its XRP token, while Chronoly (CRNO) has been making headlines for posting historical growth figures. Chronoly launched its CRNO tokens on the UniSwap exchange after ending its pre-sale phase with a record high. The pre-sale ended after all its CRNO tokens were subscribed before launch and appreciated in price by 690%.
Investors Losing Confidence in Ripple (XRP)
The ongoing SEC lawsuit against Ripple (XRP) has caused tremendous strain on the token’s price making it highly volatile in recent times. Ripple (XRP) has posted some massive gains on the price chart in the last month, but the uncertainty caused by the lawsuit has been making it hard for the token to ditch the price resistance of $0.50. Although Ripple (XRP) has grown by around 50% in the past month, its current trading price is still around $0.50, which is more than 86% below its all-time high (ATH) of $3.84. This stagnation, along with the uncertainty related to the lawsuit, has prompted investors to keep away from Ripple (XRP) for the time being.
Ripple (XRP) is a blockchain platform that aims to facilitate cross-border and cross-platform transactions for various cryptos and fiat currencies to simplify payments.
How Did Chronoly Become the New Big Thing In Crypto World
After ending its pre-sale round at the top of the growth chart, Chronoly (CRNO) has now gone public by entering the trading market. Notably, the price of Chronoly rose by 690% during its pre-sale phase after all CRNO tokens were sold out before launch. Chronoly’s CRNO hit the crypto exchange with the price tag of $0.079, growing by many multiples from a starting price of $0.01. Chronoly listed its CRNO tokens on the UniSwap exchange on October 6.
Chronoly.io (CRNO) is an Ethereum-powered decentralized marketplace enabling individual investors to invest fractionally in rare watches of high-end brands. Chronoly.io purchases luxury watches directly from these brands, mints their NFTs, and stores them in secured vaults. These NFTs can also represent fractional ownership of the watches allowing people to invest from as low as $10. Since Chronoly’s NFTs are backed by physical watches, the price of CRNO corresponds to these physical assets, which have continuously risen in the past.
In addition to trading NFTs, CRNO holders can also stake their tokens in the lending pool to generate a passive income. CRNO holders also receive discounts on transaction fees on the platform. Chronoly (CRNO) developers have also announced plans to draw a watch lottery every month, where the winner will receive a Rolex. Participation in the watch lottery does not entail any additional fee.
Chronoly (CRNO), since its launch in May 2022, has stirred the crypto market with its success. Crypto experts stress that Chronoly’s CRNO token can rise to $3 as it is now being traded on the UniSwap exchange. They also claim that the price of CRNO could reach as high as $8.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.