SEC To Declare XRP As A Token ?
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The SEC claimed LBC as a token in its latest hearing
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This remarkable win against SEC will impact Ripple vs SEC lawsuit
The Ripple vs Securities and Exchange Commission (SEC) lawsuit is one of the long running cases. The lawsuit against XRP began in December 2020. Now, the crypto community is eagerly awaiting the results as the lawsuit is very close to the conclusion. To add on to this Ripple vs SEC case, John Deaton who is closely following the case had claimed that the hearing in the LBRY case will play an important role for the crypto market.
The lawsuit against LBRY by SEC had its last hearing on January 30, 2022 where the Judge concluded that LBC secondary market transactions are not security. Here, John Deaton, who is also a founder of Crypto Law played an important role during the hearing.
LBRY Case To Influence Ripple vs SEC Case
After referring to an article written by commercial contract lawyer Lewis Cohen, Deaton argued that as per the article there is no mention of LBC as a security. This gave rise to discussion in the court after which the judge stated that he cannot stop LBRY users to trade LBC as it’s not a security. This statement will now act in favor of other crypto-related cases like Ripple vs SEC.
John Deaton gained appreciation for his commendable action where SEC claimed that LBC is a token and not security. One such appreciation came from Hogan & Hogan law firm partner, attorney Jeremy Hogan and Eleanor Terrett, Journalist at Fox Business through a twitter post.
Hence, this win against the SEC is now expected to impact Ripple’s XRP lawsuit on a positive note. Currently, XRP is valued at $0.395 after a fall of 3.97% over the last 24hrs.
Celsius Network to Issue New Token for Repaying Defrauded Investors
Celsius Network, a leading crypto lending platform, has announced plans to repay creditors by issuing a new token. The move comes as the company proposes to emerge from bankruptcy and become a regulated cryptocurrency exchange.
Their elaborate plan was revealed during a video-court hearing by the company’s attorney Ross M Kwasteniet. According to the lawyer, this would produce more funds for creditors than selling the assets that are difficult to liquidate at the available prices.
The proposal will be first put up to the creditors, including Celsius customers who have cryptocurrency stored on the company’s platform. After that, the US bankruptcy Chief Judge Glenn Martin will consider the voting results to determine whether to accept the proposal or not.
Most of the Celsius customers are happy about the decision as this move is representing the company’s commitment to transparency and fairness. Even though the CEO has been accused of misrepresenting the facts, this move is still an innovative approach to solving Celsius’s current liquidity problem.
The Feds want to regulate the crypto industry now more than ever as many investors are suffering from the fraudulent activities of the system. Overall, the move towards becoming a regulated cryptocurrency platform would be a positive step forward for defamed Celsius, as it would help to strengthen the company’s financial position & ultimately provide greater benefits for its customers. It is likely to be closely watched by other companies in the space.
Celsius & Defamed CEO Alex Mahinsky: What Went Wrong?
Celsius CEO Alex Mashinsky and his team were accused of defrauding investors out of billions of dollars through a series of illegal activities. The company, which proposed to offer a platform for lending and borrowing cryptocurrency, allegedly used funds from new investors to pay returns to earlier investors, in a classic Ponzi scheme.
The legal actions against Mashinsky and Celsius Network are ongoing, but the damage has already been done to the many individuals and institutions that trusted in the company and lost their investments.
This case serves as a reminder of the importance of thorough due diligence and caution when investing in the cryptocurrency market.
Top Altcoin to Watch: With a 50x rally, this Layer-1 Token May Soon Outperform Bitcoin and Ethereum!
As the markets are turning a little bullish some of the altcoins are gaining significant gains. Among them is Avalanche (AVAX) which is believed to explode in the coming days. Crypto Bull and CIO of Morgan Creek Capital, Mark Yusko says Avalance (AVAX) has the potential to skyrocket by 50x in the next bull market.
In an interview, the veteran says that the popular smart contract platform may even outperform the entire crypto space.
“The key to investing in this ecosystem is diversification. Don’t pull all your eggs in one basket. You want to have a big chunk in Bitcoin. But if you think about it, if Bitcoin is as successful as we all think it will be, it won’t be the best performing, full stop.
Just because it’s the largest. It’s just the law of large numbers. You’re not going to go from $400 billion today-even if you go to $4 trillion, that’s a 10-bagger. Ethereum is at almost $200 billion – if it gets to $4 trillion that’s almost twice as much.
But if Avalanche actually becomes that intermediate layer, or becomes a bridge to connect Ethereum..it could be maybe 50x.”
Avalanche (AVAX) price is currently trading at $17.30 with a massive drop of 6.89% in the past 24 hours.
The AVAX price which was trading within a rising wedge, dropped down slicing through the lower support of the wedge. However, after undergoing a minor bearish action, the price has ignited a notable correction phase. As a result, the bearish influence is expected to fade quickly, but it may remain valid until the price rises above $18.
WEWE Virtual Token Is Changing The Game
Lately, people are looking for instruments able to offer more control of their money and transparency in transactions by merging the advantages of the security of blockchain with the trust in the institutions at their base.
Thanks to the WEWE Virtual Token (“WEWE token”) concept, all these requests are accomplished, and it becomes possible for every person to be really in charge of their money.
Yes, because one of the things that makes the WEWE token so different is that it’s part of a complete ecosystem.
There are a few different ways to use the WEWE token. They can hold or can be used to purchase goods and services within the WEWE Global platform.
Let’s imagine paying for products, and subscriptions, purchasing flights and booking hotels, and much more in a complete built-in ecosystem. Plus, there are always new features and partnerships for WEWE Global in the works, so the possibilities are endless.
Users can get WEWE tokens by purchasing a product or getting a cash-back, whose primary purpose is to be the value of the ecosystem fees.
As soon as there is an activity within the ecosystem, the users start to receive rewards. The fees are generated only when the transactions are performed. So, this token is not an investment, not a question of profit or percentage of revenue; it is a powerful instrument within a powerful community.
The WEWE Global community is growing rapidly, and more and more people are using the WEWE tokens to make secure transactions within WEWE Global. It’s time to join this platform and get all the advantages of a continuously increasing ecosystem: https://wewe.global/
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David Schwartz’s Unique Insight On XRP Supply and Token Distribution
David Schwartz, the chief technology officer of Ripple and one of the architects of the XRP Ledger, offered some novel perspectives on the XRP supply. The blockchain figure’s comments were sparked by a discussion about cryptocurrency inflation and a recent airdrop of the FLR token from Flare Network.
Let’s see what he has to say about this.
Schwartz Regrets Not Distributing more XRP when prices were low
Schwartz expressed dismay that Ripple did not give more tokens when the price of XRP was low. He believes that things have become significantly more challenging as a result of the massive rush of tokens that have entered the market now that the price of XRP is at $0.4.
Another issue is that Americans receiving the tokens would be subject to regular income tax, which would require them to sell about 50% of the tokens when they receive them. According to Schwartz, this is one of the reasons why all tokens should be released into the market while the price is at its lowest.
Ripple CTO David Schwartz not pleased with the Flare governance
Flare is a blockchain platform that allows developers to create applications that utilise data from other chains and the internet. On January 9, the team completed the FLR airdrop Token Distribution Event, during which approximately 4.279 billion Flare (FLR) tokens were issued to millions of qualified XRP holders with the assistance of multiple crypto exchanges.
The Flare governance proposal (FIP01), if approved, would include a number of changes that would affect the distribution and inflation of the native token of the Flare blockchain.
Ripple CTO David Schwartz doesn’t seem to be too thrilled with this plan. Two reasons are given by him. The first is that it only provides XRP holders with 15% of what they were promised. Second, a significant amount of monetary expansion that doesn’t seem to benefit anyone is built in.
With respect to the airdrop when a user asked whether the XRP community would get the remaining airdrop balance automatically or if they must wrap the FLR, Schwartz replied to this with a tweet of his own stating that there is no remaining balance.
Aptos Token Makes A Skyrocketing Price! Is It A Price Manipulation Or A Market Trend?
The altcoin market has been on a solid uptrend, and Aptos looks to build a significant user base by surging to an all-time high. The latest support from the community has pushed the APT token to be one of the top-performing digital assets, as it has spiked nearly 250% since the beginning of the new year. Aptos, which is also known as the ‘Solana Killer,’ has caught the attention of market traders since its launch in October 2022. However, the unexpected surge in the APT price chart brings risks regarding price manipulation and a potential bull’s trap.
Is APT Price Pump Too Good To Be True?
Aptos became one of the emerging crypto projects in the Q4 of 2022 for being majorly focused on reducing gas fees in the network. Further development in achieving its goals may provide a positive impact on the token’s price.
However, the token’s price experienced a sudden spike which was brought about by crypto exchange Binance when its Liquid Swap service announced the news of expanding APT pairs with different markets, including BTC and USDT. The massive explosion in the APT price chart attracted analysts’ attention as it has raised questions about the integrity of the market and the motives behind the surge.
On-chain data provider, CoinGlass, indicated a significant selloff worth $129 million just before the surge. However, the Aptos token witnessed a notable spike in buying pressure just after the opening of short positions, weighing on price manipulation from whale investors.
What Next APT Price?
After a prolonged consolidation near the bottom range, the Aptos price made higher highs and lows and formed an ascending channel in the price chart. As Aptos is pulling itself out of the bearish mud with a solid recovery rally and trades at a favorable price point, it creates more hype among traders with its future potential.
As of writing, the Aptos token trades with high volatility above the $13 mark with an uptrend of nearly 10%. However, the surge may soon come to an end with a cooldown as the APT price is preparing for a pullback to the downside. A well-known crypto analyst, Smarter Trades, predicts that short positions will soon make profits as APT will pick up the throttle if the market takes a flip.
According to the analyst, the APT token has not gained much support in its recent price spike and has formed a crucial support level at $11.5, below which the token may trigger an intense bearish bloodbath. The analyst further predicted that a breakout below $11 may slump the token to trade near the bottom range of $8.6.
However, the overwhelming bullish trend from the Aptos network may be the beginning of an Altcoin season for which the entire crypto market has been waiting since the turmoil. Hence, we can say that the eyes of the market are now on APT’s upcoming movement, and investors are eagerly waiting for an astronomical high that Aptos will achieve ahead.
ADA Token Burning Not An Option For Cardano Founder
It looks like the crypto market is all set to enjoy a bullish weekend as the star cryptocurrency, Bitcoin has surpassed yet another important resistance of $22,000 area. Ethereum is on a similar pace leading other top ten altcoins including BNB, XRP, Cardano and others.
Among these altcoins, Cardano is considered to be among the top currencies that will enter the bullish momentum. Cardano’s ADA attained its ATH in 2021 and since then the altcoin has not spiked that level. However, the Cardano network’s boosts of strong fundamental and development activity.
Meanwhile, the experts claim that the upcoming updates of Cardano network will fuel ADA prices. As per the reports, the update is scheduled to take place on Feb 11 and is set to happen on test networks. While immediately after three days, that is Feb 14 the next update will be introduced. Once the update is successful, the smart contract developers on Plutus will have multi-threshold signature designs.
Charles Hoskinson : Token Burn Increase Market Volatility
On the other hand, Cardano has a total supply of 45 billion ADA which is more than Bitcoin’s supply positioned at 21 million. Hence, the community is under discussion regarding token burn which will push ADA’s price rally.
This token burning is a method used to reduce the total supply of a particular currency so that it creates demand. This in turn will fuel the currency’s price action. However, even though this method has helped many currencies, Cardano founder Charles Hoskinson has opposed token burning.
This is because he believes this method doesn’t create any fundamental value to the network and also he views this method as manipulative. Moreover, Hoskinson claims token burn will bring down liquidity and increase market volatility impacting investors.
Hence, the Cardano network mainly focuses on upgrading its technology rather than token burning which is a short term solution.
Shiba INU Coin News Today: SHIB Price Explodes After Being the Most Favoratie Token of Ethereum Whales
The crypto markets seem to have inculcated acute strength as the bears are not finding enough room to expand. After maintaining a narrow upswing since the beginning of 2023, the SHIB price exploded and has risen by more than 21% since the early trading hours. Apart from breaking the descending trend line that it maintained for nearly 5 months, SHIB has become the most preferred token among the top 100 Ethereum whales.
As per the data from the Whalestats, the Shiba INU coin has entered the list of top traded assets, top sold tokens and top purchased tokens. It is also featured in the top holdings of these whales. Other than Ethereum, the ETH whales hold nearly 505.52 billion SHIB worth more than $6 million.
SHIB Price Analysis
After receiving enough boost from the positive market sentiments and massive whale accumulation, SHIB price now appears to be poised to reach the next target above $0.000013. The price underwent a parabolic recovery to overcome the losses incurred after the collapse of the FTX exchange. However, a fresh bullish divergence is witnessed that may uplift the price towards the interim resistance.
The SHIB price broke out of the falling wedge during the previous trading day and surged magnificently to reach levels above $0.000012. However, the price is facing a minor rejection after testing the resistance at $0.00001299 and experiencing a pullback to reach $0.00001261 at the press time. However, the RSI is maintaining ascending trend while MACD just displayed a bullish cross-over within the positive ranges.
Therefore, after a brief consolidation, the Shiba INU may resume the upswing intending to close the weekly trade above $0.000015. Presently, SHIB’s price is trading around $0.00001262 with a jump of 20.63% in the past 24 hours with a market capitalization of $6.9 billion and a trading volume of $761.66 which witnessed a huge jump of 133.62%.
Binance Completes 22nd Token Burn, Removes $620 Million Worth Of BNB From Circulation
In a recent tweet, Binance announced that it has completed its 22nd BNB burn and first quarterly burn of 2023.
When BNB was introduced in 2017, a promise was made to burn 100 million of the coin’s entire quantity, or half of it, and eventually leave only 100 million in circulation. Each quarter, this commitment is automatically carried out and the Auto-Burn formula is used to determine the amount.
According to a statement from Binance, 2.064 million BNB, or around $620 million at today’s values, have been taken out of circulation. In terms of BNB tokens, the 22nd burn broke the previous record set by the 14th, which occurred two years ago.
BNB Auto-Burn Formula
The Auto-Burn formula which is used by BNB provides an independently auditable, objective process. The figures are reported quarterly, and the mechanism is separate from the centralized Binance exchange. A fraction of BNB Chain’s gas fees are still being burned in real-time by a bespoke mechanism.
Based on the price of BNB and the quantity of blocks created on the BNB Smart Chain (BSC) during the quarter, the auto-burn mechanism modifies the amount of BNB to be burned.
The native coin of the BNB Beacon Chain and BNB Smart Chain, BNB fuels the BNB Chain ecosystem. Binance, a cryptocurrency exchange, released it following an initial coin offering in 2017.
The current price of BNB is $ 301.98 per token with a current market cap of $ 47.68B USD. BNB has broken the $300 resistance this weekend to reach $314 last Saturday and shows an upward movement.
HedgeUp (HDUP) And Huobi Token (HT) Surge in Popularity Amid Crypto Market Uncertainty
The crypto market this year could be a great one. Cryptocurrency investors are already ecstatic about the recent price surge. Dead cryptos are resurrecting, and new coins are up for success.
The kick in the Huobi Token (HT) price is a headway for crypto investors to remain optimistic. Aside from the Huobi Token (HT), HedgeUp (HDUP) is another eye-catching crypto. Investors are expected to be watchful of HDUP as the coin is ready for substantial returns.
HedgeUp (HDUP) could be one of the best coins this year. Its utility is second to none. It offers crypto investors an unparalleled means of partaking in alternative investment products. Members of the HedgeUp (HDUP) community members can purchase low-volatility alternative products like gold, diamonds, luxury watches, and more. The uncertainty of the crypto market could be a plus or a minus for investment. However, with the HDUP token, investors could attain investment growth with a broader overview of products to invest in.
Let’s dive into discovering the hidden potential of HedgeUp (HDUP) as it surges in popularity with the Huobi token (HT).
As The Popularity of HedgeUp (HDUP) Increases, Can It Be Successful Like Ethereum (ETH)?
As HedgeUp (HDUP) increases in usability, the platform seeks to enhance investors’ flexibility in alternative products. The platform bridges the gap between conventional and cryptocurrency investors. As the first alternative investment network, the platform aims to increase awareness. It also focuses on simplifying the alternative investment market.
Investing in HedgeUp (HDUP) could amount to great wealth as the cryptocurrency is analyzed to yield potential returns of 28% or more per annum. The platform combines HDUP as the native token and NTF collections to give members the best user experience. Unlike any other platforms, users of the HedgeUp (HDUP) are offered the privilege of owning a partial share of an NFT asset. With just the $1 equivalent of HDUP, members of the HedgeUp community can gain access to the investment marketplace.
The Hedgeverse is another crucial concept that aims to boost business growth. Hedgeverse was integrated to help entrepreneurs and every other person reach their goals. Entrepreneurs, firms, and start-ups can organize meetings, classes, or seminars within the space. It is a beautiful place to be.
The HedgeUp (HDUP) community also uses decentralized autonomous organizations (DAOs) to give members a voice in the ecosystem. The core reason for integrating the DAO is to oversee the ecosystem’s investment, liquidity, and allocation of funds. It will allow investors and traders to understand the coin more readily.
Can Huobi Token (HT) Continuously Rise and Yield More Profits?
Every investor loves a profitable investment. The boom in the price of Huobi Token (HT) as Justin Sun took on the position of exchange advisor is a gain for many investors who seized the opportunity.
Huobi Tokenoken (HT) was created in 2018 to reduce the exchange’s commission rate for trading operations. The platform allows users to purchase VIP status plans monthly. These plans permit users to receive discounts on transactions made.
The Huobi Token (HT) is built and secured on the Ethereum blockchain. The HT cryptocurrency serves as the native token for the exchange Huobi Global. Huobi Token is a popular cryptocurrency traded for any other cryptocurrency in the marketplace.
The HedgeUp platform is fast-growing with unique utilities. With the purchase of its native token, users can gain access to incredible offers within the ecosystem. As the need to diversify investments is paramount, HedgeUp (HDUP) offers a range of alternative products that attract investors worldwide.
As HedgeUp (HDUP) has grown in popularity, now may be the best time to invest in it. It is needed just before it skyrockets in price.
Pudgy Penguins Deploys Soulbound Token with Sotheby’s
Soulbound tokens are the latest trend in the crypto arena, with many people showing interest in them. This surge in popularity has been linked to the many benefits of soulbound tokens and the fact that different projects have embraced soulbound tokens (SBTs). Soulbound tokens extend the world of possibilities created by NFTs by offering something that can be uniquely tied to an address.
SBTs are publicly verifiable and non-transferable NFTs and represent an individual’s credentials, affiliations, and commitments. This means no one can falsify SBTs. Soulbound tokens also restrict Web3 projects from becoming cash bags. As the hype around SBTs continues to grow, top NFT collection Pudgy Penguins has been at the forefront of SBT implementations and exploration, being one of the first projects to have a real use case for SBT’s.
Pudgy Penguins has made headlines , generating over 60,000 ETH in transaction volume and witnessing individual sales as large as 400 ETH. Some of Pudgy Penguins’ holders include Tory Lanez, Lil Baby, and Stephen Curry. This year, Pudgy Penguins have gone all out, launching their first SBT, reaching 250k+ on Instagram, announcing their toyline, garnering over 1 billion views on GIPHY and more.
Last month, Pudgy Penguins announced their auction at Sotheby’s, one of the world’s oldest and most recognized auction houses. The SBT that came with an auctioned item features an ironclad authentication certificate, recorded in the NFT’s metadata with ownership and auction details. Pudgy Penguins has rolled out and activated one of the first use cases for SBT tokens in Web3. They created truePengu, a non-tradable token that categorizes a holder based on different tiers. truePengu is based on learnings found in Vitalik’s White Paper and has a modification that removes transferability. Their unique approach has helped them cement their spot in a new market, garnering $128,898 during the auction.
Pudgy Penguins are pushing the Web3 space forward by helping others find their way. They are creating more opportunities for their holders as they bring a twist to the traditional auction market. As a community-centered project, Pudgy Penguins is also focused on giving back to the community.
They will be donating money from the sale (auction) to The Cozy Horizon Fund to support community-focused initiatives for Pudgy Penguins NFT holders. The remainder of the funds will be allocated to Oceanites as part of Pudgy Penguin’s first charitable initiative supporting science-based conservation efforts in Antarctica. Oceanites is a nonprofit that embeds itself within the Antarctic penguin populations, studying how those populations adapt to our rapidly changing environment.
While SBTs have not been in the market for long, their potential is undeniable, and with projects like Pudgy Penguins joining in, the future looks promising. SBTs give you the means to store information in a way that you don’t have to dig through hundreds of files looking for that one document. They also create more opportunities for holders by revolutionizing NFTs, which is something Pudgy Penguins strives to do.
“We will continue to learn more about soulbound tokens and their implications in the real world. We are so ecstatic that Sotheby’s was willing to take that step with us,”
says the Pudgy Penguins team.
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Did Solana Use Meme Token BONK To Escape From FTX Debacle?
When allegations of possible fraud at Sam Bankman Fried’s FTX cryptocurrency exchange, which was the world’s second-largest at the time, first came to light, Solana’s popularity took a nosedive. However, Solana discovered a technique to swiftly change the ecosystem’s PR. And that technique is the infant meme token Bonk (BONK).
Immediately after FTX’s fall from grace, the Solana community created BONK to refocus the spotlight on their decentralized network.
The Launch of BONK
BONK is a meme token that runs on the Solana blockchain. It was released in December 2022 under the slogan “for the people and by the people,” and it was created by a community of users. Since its inception, the value of a single Bonk has increased by 3,200%, although at press time BONK has since decreased by quite a significant amount.
There are countless tweets from different projects and influencers advertising Bonk giveaways in exchange for retweets and likes. NFT projects are integrating Bonk into their systems.
It is possible that the Bonk airdrop, which consisted of fifty percent of the total supply of its tokens, prompted huge community interest and rapid buzz. Twenty percent of the overall airdrop supply is being distributed to Solana NFT collections, which amount to 297,000 unique NFTs; the remaining ten percent is being distributed to Solana-focused artists and collectors.
As for the developers of the token, nobody knows who they are as they’ve opted to remain anonymous. We do know that there are twenty-two people and they do not have a core team.
In addition, it is said that they have all been a part of the Solana ecosystem for a considerable amount of time and have developed relationships over the course of the past two years.
However, the developers of Bonk Inu have stated that they have no current intentions to build a dedicated blockchain network around Bonk. Their focus is entirely on boosting Solana’s transaction volume and demonstrating the value of the low-cost network.
The creators of Bonk have stated unequivocally that neither Solana Labs nor the Solana Foundation played any role in its development.
Is The Technique Working?
Clearly. According to research that was published on Jan. 11 by crypto in-depth research platform Delphi Digital, the number of total active wallets that are communicating with Solana-based exchanges has climbed by 83%, going from around 45,000 daily to over 83,000 daily.
Delphi analysts said in the report that the increase in activity occurred despite there being no structural shift or catalyst for the network. They noted the release of BONK in late December as the cause of the change.
At the time of this writing, the value of BONK has dropped by 12% over the previous twenty-four hours and by 67% over the previous week.
Matt Hamilton Explains Why Authorities Can’t Confiscate Ripple’s XRP Token
As the Ripple v. SEC case continues to go forward, speculations are circulating around the community about the possibility of the government seizing and purchasing the Ripple-issued XRP tokens that are already on the market and utilizing them for its own purposes, preventing the technology from being used anyplace else.
Crypto Developer Explains Why This Won’t Happen
Matt Hamilton, who was once the director of developer relations at Ripple, has provided an explanation as to why such is not even remotely viable. He claimed that such a plan of action would not be feasible for the primary reason that the value of virtual currencies is attributed to the users of such assets.
This hypothesis is an offshoot of the original conspiracy theory, which has given rise to this conjecture. The seizure of XRP would be unfeasible for at least three different reasons, according to Hamilton’s reasoning.
To begin, the developer emphasizes that XRP is a decentralized cryptocurrency that cannot be frozen without first coercing those who have the key. Secondly, if the government ever needs a digital token for its own purposes, it will find it far simpler to generate one on its own.
Thirdly, if the United States government were to set restrictions on the use of XRP by anybody, it would eliminate any and all uses of the token, and it would be replaced by a simple fork.
Not the first time such a rumor is circulating
Note that this is not the first time Hamilton is debunking such rumors. Just last week, the same rumors were making rounds in the XRP community. At the time, Hamilton said even if the XRP repurchase were to go forward, the price that was established would not be considered reasonable since it is determined exclusively by the rules of the market.
For Hamilton, the question is not whether the government should acquire XRP tokens from the market, but rather what is stopping it from doing so, in order to declare XRP the new official currency.
In December 2020, Ripple was accused of issuing unregistered securities XRP to raise $1.3 billion, marking the beginning of the two-year-long Ripple vs. SEC litigation. Both sides have presented their closing arguments, and now the community is anxiously awaiting a verdict.
Could Solana’s Meme Token BONK Spike Up Again After Huge Price Drop?
Last week, we experienced a perfect instance of a meme token generating so much publicity at the beginning of its release that spikes its price up to an incredible high, then the enthusiasm dies down almost as soon as it began, resulting in the token witnessing a massive reduction in value.
The token in question is Solana’s meme token Bonk (BONK). According to the information given by CoinGecko at the time this article was written, BONK’s price has decreased by 35% in the last 24 hours and by nearly 70% in the last seven days. But is this it for BONK? Or is there a possibility that the token price may see yet another significant increase?
Could BONK Spike Up Again?
BONK, which is the first and currently only meme token on the Solana network, has the potential to see better days and follow a development path similar to that of SHIB and DOGE. Nevertheless, in order for this to be successful, it must be supported by the most significant exchanges in the sector.
There is one thing that the majority of the most popular meme currencies in the cryptocurrency business all have in common, and that is the fact that they are all listed on the most prominent exchanges such as Binance, Kraken, and Coinbase. DOGE and SHIB are two examples of these coins.
BONK will need to be listed on at least one of these exchanges in order for it to reclaim its price and record a somewhat significant price rise in the foreseeable future. This is a move that will infuse tremendous liquidity and assist BONK to maintain its trading volume, which previously exceeded Ethereum’s.
On the other hand, it is quite unlikely that BONK will ever be able to acquire the same degree of widespread acceptance as other cryptocurrencies such as Bitcoin and Ethereum.
However, having the token listed on a reputable exchange will do wonders for the price of the token. Let’s see what the future holds.
The CONG Token Is Set To Explode
The Conglomerate Capital, the project that was able to attract investments from notorious capitalists and blockchain-companies backers last year, is launching its token presale event on January 16th with a goal of USD 2.5 million. Based on the founders´ experiences, this amount will be quickly fulfilled.
The world is fast changing and becoming more decentralized as it gets more digital. Decentralized Autonomous Organizations (DAOs), blockchain, DeFi, web 3.0, and cryptocurrencies are all growing in popularity.
How to employ all of these new technologies in a way that benefits society is now the problem.
In terms of finance and investing, these new technologies offer a rare opportunity to provide outstanding private market investment opportunities to retail investors around the world. Until now, these opportunities could only be accessed by Venture Capital (VC) and Private Equity (PE) funds.
TCC is the unique web3, BEP20 blockchain-based investment and funding platform, governed by a Decentralized Autonomous Organization (DAO), from which disruptive startups as well as SME businesses will raise capital, where investors will be able to access Venture Capital and Private Equity outstanding opportunities through the CONG token.
Additionally, the TCC and CONG ecosystem is the first and only to develop governance and investing features to lead and safeguard investors through the adoption and use of new market features and to rely on the knowledge of top-tier VC and PE industry executives to influence how people allocate their capital.
At TCC, we seek not merely to democratize investment options, but to streamline investment process for investors and fundraising for Companies” says Diego Queirantes, Founder and responsible for deals structuring. “We are prepared to recreate VCs and PEs constrained contexts” he continued. “Investors are more than welcome to go along for the voyage to reshape the way people invest their capital.”
The creator of The Conglomerate Capital kept people in mind when developing the Company and its digital token, CONG. Yves Civolani, Founder & CEO and former private equity industry executive, came to the terrible realisation that because the average person lacks basic financial knowledge, they are compelled to spend their life’s work savings on substandard opportunities.
His parents have never had the opportunity to engage in VC and PE investments and earn lucrative returns as regular retail investors.
The TCC concept was born out of his desire to make these opportunities accessible to regular people by assembling a conglomerate of companies run by global minnows.
“Before beginning to work on the project’s development, a thorough examination of the crowdfunding and launchpads sectors was necessary,”
said Yves.
“We wanted to comprehend concerns and issues from the viewpoints of all participants: investors, business owners/companies, and platforms.”
Before founding the project, Yves worked for more than a decade for tier-1 global private equity funds. Therefore, throughout his career he learned by doing, what the problems are for startups and SME (Small and Medium Enterprises) to raise capital from either equity or debt securities.
With all of this in mind, TCC seeks to solve these issues by decentralising the VC and PE infrastructures while also imposing a cycle of accountability and mutual interest alignment.
In order to give the CONG token value, based on the founding team experience in VC/PE/M&A environments, TCC intends to bring various industries features to cryptocurrency world through the use of leverage of DeFi and blockchain, under a DAO (Decentralised Autonomous Organization) governance structure. This is in line with the main attributes of the TCC & CONG ecosystem. Investors are encouraged to hold onto their tokens and use CONG as a form of asset storage.
To secure more investor consensus and a more democratic funding procedure, TCC offers many more advantages than the conventional paradigm, including zero-knowledge-proof authentication, decentralised data storage, trade agreements, and more.
The TCC white paper states that priority would be given to early investors when allocating investments. In return for CONG, the platform will receive USDT, BUSD and USDC. The only token in the whole ecosystem, CONG, will finance all Businesses and Investors. Compared to other launchpads platforms, that is an important difference as they all face alignment problems due the fact that funded projects launch each their own tokens, competing against each other for investor´s capital allocation.
According to the roadmap, fiat and credit cards will also be accepted by TCC along the project development. While CONG cannot be traded in a DEX or CEX, its price will rise if a deal opportunity passes through the platform because, based on the DAO mechanism, holders will decide what the token price will be for each funding campaign. This will set a buy pressure on the token.
The CONG presale will begin on January 16th, 2023 at 9:00 am GMT with a token price of USDT 0.0025. Therefore, it is best time to invest and join the ecosystem. Based on the hype already generated when the project was announced, the second presale round, which will start as soon as the first fulfils, will have CONG token price increased by 20%.
The management team at TCC has extensive expertise in the investment industry as whole, while the development team is made up of a group of blockchain and web developers, embracing the most potent and recent technical development in the cryptocurrency sector.
The TCC team has years of expertise in the sector and has raised more than USD 200 million using a variety of mechanisms, including debt, equity, and convertible debt. The team has also completed many M&A transactions in recent years. By assisting in the review of funding applications, all this experience will work for the ecosystem´s benefit. They are all in agreement and aligned with the investors as the team is compensated by CONG.
For more information or inquiries, reach out through the contact links below:
Company Website: https://www.congcap.com/
Telegram: https://t.me/congcap
Email: [email protected]
Twitter: https://twitter.com/ConglomerateCap
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Here’s How The New BONK Token Is Influencing The Solana (SOL) Price
The crypto bulls are trying their best to get the market back on a bullish track and recover.
However, there is one altcoin that has excelled in the bullish momentum. Solana, the top 15th largest cryptocurrency by market cap, has gained a whopping 20% in the last 24hrs and surged nearly 40% in the last seven days.
At the time of writing, Solana is selling at $13.96 after a gain of 17.6% on the last day.
Solana Price Surges By 20% With BONK
This price surge comes amidst the launch of the new Shiba-Inu-themed token ‘Bonk’ (BONK). BONK mainly generates airdrops to Solana NFT, anti-Alameda Research sentiment to improve the community environment. It’s a known fact that after the Alameda and FTX collapse, the crypto community bore a massive negative impact, and the Solana network was on the receiving end as well.
However, after Solana had its first BONK airdrop, SOL picked up its pace leaving behind meme currencies like Dogecoin and Shiba Inu. In the last 24hrs, BONK has gained the highest trading volume after USDC and SOL. On the other hand, BONK’s first 20 holders have accounted for 50% total supply and BONK DAO holds 15% of its total supply.
Currently, Solana’s price is struggling to move past $15, but if SOL successfully manages to move beyond the said barrier, Solana is expected to see another 20% surge. Meanwhile, currently, BONK is selling at $0.000001793 with an upswing of 86% in the last 24hrs.
It is observed that the major factor that is pushing the BONK price rally is its acceptance from the NFT market. However, if the BONK holder decides to sell off, the move will pull back SOL towards $10.
Is Sam Bankman-Fried The Mastermind Behind New Meme Token ‘BONK’?
Bonk (BONK) is a new meme token with a Shiba Inu emblem that airdropped half of its total supply of 56 trillion tokens. During an airdrop, a cryptocurrency releases a free supply of its token to a number of crypto wallets as a tactic to acquire users or as a reward for community members.
The Solana community has shown enthusiasm for BONK, leading to an uptick in SOL. Its price has increased 17.7% in the last day and 25% in the last week, reaching $13.85 at press time. Solana NFT collections received around 20% of Bonk’s airdrop supply or about 300,000 tokens.
According to CoinGecko, the Shiba Inu-themed meme coin also increased over 100% in the previous 24 hours.
However, some people seem to think that disgraced FTX founder Sam Bankman-Fried is the brain behind the new meme coin. Here’s Why.
Bitboy Crypto Says SBF Is Behind BONK
Ben Armstrong, known as “Bitboy Crypto” and a well-known crypto influencer and YouTuber, has stated that SBF and Alameda are responsible for Bonk.
He said, “If you don’t think it’s possible SBF/Alameda is behind BONK, you are intellectually dishonest. I’m not saying it’s guaranteed, but the more I look at it the stronger I believe the possibility is.”
However, this opinion is not shared by those who commented on the post, with some saying Armstrong is ‘deranged’ and obsessed with SBF.
Bonk has gained traction, but it is possible it will follow the trend of other meme tokens, experiencing a pump followed by a severe drop with little or no rebound. However, it has helped the Solana ecosystem gain momentum at a time when some considered it dead.
This is the most encouraging news for the Solana market in the past two months since the collapse of cryptocurrency exchange FTX in early November, which caused SOL’s price to drop and interest in the area to wane.
Huobi Token And ApeCoin Holders Are Leaning Toward Flasko For Profits
Buying in cryptocurrencies may be challenging owing to the peculiar factor of price sustainability. Price fluctuations are usual in the digital asset sector, but 2022 has been particularly difficult for the Huobi Token (HT) and ApeCoin (APE).
These coins have fallen drastically after the FTX and BlockFi bankruptcies. With Huobi Token (HT) and ApeCoin (APE) failing, a new lane has opened up for fresh rookies to take over. And Flasko may be one of those coins that will reach the top 10 lists in 2023.
Huobi Token (HT) Sees A Sharp Drop
The Huobi Eco Chain, which houses DeFi products like decentralized loans and borrowing sites, contains the Huobi Token (HT) components. Investors holding their Huobi Token (HT) wallets in Huobi-connected wallets receive instant benefits.
Recently, investors have been disappointed by Huobi Token’s (HT) price. And since the token dropped by 17% in the last seven days, they have every right to. Huobi Token (HT) investors are moving to projects with higher profit margins to compensate for their failures.
ApeCoin (APE) Has Witnessed Better Days
Yuga Labs created the cryptocurrency ApeCoin (APE) to aid in the creation of a decentralized web3. ApeCoin (APE) powers the whole APE ecosystem. ApeCoin (APE) is facing difficulties as a result of a sharp dramatic drop in its price graph activity.
ApeCoin (APE) has also dropped 17% in the past week, mimicking the Huobi Token (HT). It has a current price value of $3.45; investing in it would require a high-risk tolerance.
Flasko (FLSK) Forecasts Show A 4,000% Rise
Flasko hopes to be one of the leading platforms for alternative investments by incorporating cryptocurrencies into the wine, champagne, and whiskey industry. Since this industry provides an average yearly 28% return, tapping into it is bound to bring a fortune!
Lavish bottles and barrels of spirits will be stored in secure Flasko locations worldwide while backing fractionalized NFTs that this new platform will mint. Users will then be able to purchase them partially or entirely, even giving some investors who buy a whole NFT the chance to get the actual bottle shipped to an address of their choosing!
Investing in this project now will also allow you the early viewing and purchase of new items from premium beverage startups that will partner with Flasko. Early access, not to mention a discount on all items by Flasko partners – at a price of just $0.111 is a fantastic deal!
Flasko will be one of the safer investment options in 2023. Due to a Solid Proof audit which Flasko passed with flying colors and a lock on liquidity for 33 years.
The demand for this unique coin and platform has made its presale reach Stage Two. It also has seen price hikes weekly, with many analysts predicting it will get a $3.80 price in August 2023. You should check out the following investment opportunity since, in our opinion, it is pretty lucrative.
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ZB.COM Exchange Review | ZB token
Introduction
Transparency is very important when your business is online. Otherwise, how can a customer trust you? ZB was hacked in Aug 2022. Following that the company has been silent about its operations. Is this an exit strategy? Was the hack part of the exit scam? Read on to find out
Overview
| Official Web Address | https://www.zb.com/en/ |
| Headquarters | Zurich, Switzerland |
| Country of Origin | China |
| CEO | Romex Jha |
| Founding Year | 2013 |
| Exchange Type | Centralized |
| Trading Options | Spot, margin, |
| Trading fees | 0.20% trading fees, Lesser fees for VIP customers |
| No of cryptocurrencies | 200+ |
| Native Token | ZB Token (ZB) |
| Deposit methods | Master Cards (Debit/ credit card), Bank Transfer |
| Deposit fees | No deposit fees for cryptocurrencies |
| Withdrawal methods | Bank transfer |
| Withdrawal fees | Depends on cryptocurrencies |
| Supported Countries | 180+ |
| Restricted countries | 10+ |
| Supported Fiat currencies | USD, CNY |
| Mobile App | Available on Google & Apple App Store |
What is Zb.com?
Zb.com is a digital asset exchange that was founded in 2013 with the name CHBTC. It is owned by ZB group. However, Following the crypto ban, CHBTC ceased its operations in China and moved Overseas with its current name ZB.com. The CEO of the company is Romex Jha.
Zb.com presents itself as the world’s most secure digital asset exchange. However, it was hacked in Aug 2022 with a loss of $4.5 million dollar. It has its own token called ZB Token.
The exchange has more than 10 million users and has offices in Dubai, Malaysia, Singapore, Australia, Russia, South Korea, Hong Kong, Switzerland & U.S.
Timeline
| 2013 | CHBTC was founded |
| 2015 | Launched ETH, BTS, EOS, and QTUM trading |
| 2016 | CCN reported CHBTC as one of China’s largest exchanges |
| 2017 | Officially Closed Chinese Market operations following the crypto ban and rebranded as ZB.COM to focus on the international market |
| 2018 | Opened business of margin trading, custodian products, OTC trading, loan, Vote to List, ZB Partner Program, Market Maker Plan |
| 2019 | Hosted multiple meetups in Brazil, Bangkok, New York, Malta &Singapore |
| 2020 | ZB exchange token was chosen as one of the top 5 tokens |
| 2022 | Nearly $5 million was hacked from its hot wallet |
Some of the red flags to consider while opening a ZB account
- ZB has suspended the deposit and withdrawals following Aug 2022 hack
- No response from officials regarding the hack
- Slow customer response
- Twitter account has been suspended
- Social media handles are not that active.
- The website is not transparent
Features
- Trading options – Spot, Margin, OTC, and derivatives trading are available on ZB. It also features a trading bot to avoid emotional trading.
- Trading Fees – You can enter a VIP level by purchasing a ZB token or Holding a ZB token for 30 days. For VIP Level 1 customers the trading fee is 0.18% and for VIP level 9 customers trading fee is 0.09%. For regular users trading fees is 0.20%.
- Loan – you can avail loan by pledging the collateral amount.
- Rewards Center – Invite your friends to join ZB and you both will get 5 USDT and up to 500 USDT can be claimed for further tasks.
- Exchange Partners – you can generate your own referral code and invite friends. You will get 40% of their trading fees as a commission on successful registration.
- ZB trading bot – you can create your own trading bot where orders will be executed as per the stop loss set by you. It offers 3 trading bots for the sideways market, bear, and bull market.
Cryptocurrencies Available on Zb.com
ZB.com offers more than 200 cryptocurrencies. Some of the Popular cryptocurrencies are
- Bitcoin
- ZB Token
- Ethereum
- Tether
- Litecoin
- DogeCoin
- Luna
- Matic
- Solana
- Shiba Inu
How to Create an Account on ZB?
Let us create a new account on ZB
- Log on to zb.com and click [Sign up]
- Enter your email address and set a password. Then enter the authentication code sent to your email address.
- To unlock the full functionality of the account, you need to verify the account.
- Navigate to your account dropdown menu and select [ID verification]
- Click [Verify]
- Download the ZB Pro mobile App and verify
- Click on [Real Name Verification] from the mobile app drop-down menu and select the region [Mainland China / Overseas]
- If you are a Chinese national, upload a Chinese ID and take a self-video of yourself and upload it.
- If you are an overseas national, select your region and upload a Government-issued photo ID and then upload a selfie video.
- It may take 24-48 hours to fully verify the account. In case it takes more time, raise an email ticket.
The difference in service limit between verified and unverified accounts
| Functions | Unverified account | Verified account |
| Deposit | Unlimited | Unlimited |
| Withdrawal | Limited $100K in total | Unlimited in total, Single currency limited to $2M/day |
| Fiat | Quick deposit only | Unlimited Quick trading and Multiple options trading are available |
How to Buy Cryptocurrency on ZB?
You can buy cryptocurrency using debit/ credit cards, fiat currency, or bank transfers. However, the recommended method is using debit/ credit cards.
- Log in to your ZB account and click [Buy Crypto] and select [Debit/ credit card]
- Enter the purchase amount and the corresponding amount will be converted into a selected cryptocurrency
- Select the payment method Banx/ Simplex/ Advcash
- Confirm once you verify the details
- You can view your transaction status within a few minutes
How to Sell Cryptocurrency on ZB?
Let us learn to sell crypto on ZB
- Log on to your ZB account and Navigate to [Buy Crypto}, click [Fiat]
- Click on Sell Crypto
- Type the amount of crypto you want to sell
- Click on [Fiat]
- Choose the payment method
- Click sell
- You will get a confirmation once your transaction is complete
How to Deposit Crypto on ZB?
Let us learn to deposit cryptocurrency on ZB
- Log on to ZB.com and navigate to the [Funds] menu. Select [Deposit]
- Select the cryptocurrency you want to deposit
- Click the deposit address and paste it into the withdrawal platform
- You can also do this using the QR code
- For some currency deposits, you may have to provide the ZB account name and remake (MEMO)
- Once the deposit is completed, refresh the page to check the progress of the deposit
How to Withdraw Crypto on ZB?
Let us learn how to withdraw crypto on ZB
- Log on to ZB and navigate to the [Funds] menu. Select [Withdraw]
- Select the coin you want to withdraw
- Select the withdrawing address and type the amount you want to withdraw. If you are adding a new address, provide a nickname for it for future use.
- For some cryptocurrencies, you may need to provide the ZB account name and remarks (Memo) which is a payment ID.
- Provide the transaction password, google authentication code, and dynamic verification code
- Confirm the verification details sent to your email
- Return to the withdrawal page and enter the amount to wish to withdraw
- Enter the transaction password, google authentication code, and dynamic verification code
- Once the withdrawal process is completed, you can check its progress in the withdrawal history section.
Exchange Fees & Supported Payments
The maker and taker fee for a regular user is 0.20%. However, if you are joining the VIP level program by purchasing ZB Token or holding ZB Token, then your trading fee is considerably reduced. Have a look at the table below to know more about VIP-level trading fees.
| VIP Level | Trading Fee | Pay with ZB | Purchase ZB/ 30 day | Lock-up ZB/ 30 day | UP Amount ZB |
| 1 | 0.18% | 0.09% | 100 | 2500 | 200 |
| 2 | 0.16% | 0.08% | 500 | 12000 | 500 |
| 3 | 0.14% | 0.07% | 1000 | 50000 | 1000 |
| 4 | 0.12% | 0.06% | 5000 | 200000 | 2000 |
| 5 | 0.10% | 0.05% | 20000 | 800000 | 10000 |
| 6 | 0.09% | 0.05% | 30000 | 1200000 | 30000 |
| 7 | 0.08% | 0.04% | 40000 | 1600000 | 45000 |
| 8 | 0.07% | 0.04% | 50000 | 2000000 | 55000 |
| 9 | 0.06% | 0.03% | 60000 | 2400000 | 80000 |
There are deposit fees for cryptocurrencies.
There is a minimum withdrawal amount for cryptocurrencies and withdrawal fees vary for each currency.
Referral
ZB.com has a referral program where the referee can earn up to 40% of their invitee’s trading fees. For regular users, the trading commission is 10%.
If you are becoming a partner at ZB to increase their trading community then you will get more benefits.
Who can become a partner at ZB?
- Community leaders from the cryptocurrency, financial and related industries with no less than 500 community members and/or no less than 1000 followers on each of their active social platforms.
- Blockchain-based market, search, and data analytics websites with at least 1000 page views/day.
- Other individuals or organizations with the potential to increase ZB’s reach to new audiences.
Partners are categorized into various partner levels depending on their performance and are rewarded respectively.
Customer Support
ZB.com has a help section where you can find general and specific FAQs related to account issues. If you are not happy with the FAQs for your queries you may contact the email support team by emailing them at [email protected]
We are not happy with customer care as it won’t solve any emergency or urgent queries.
Recent Updates
Following the hack in Aug 2022, the deposit and withdrawal function has been halted by ZB. There is no announcement on when the function will be back. Moreover, the official Twitter account has been suspended and there are many mimicking accounts on Twitter posing as the official accounts. There is no significant activity on Facebook since 22 July 2022. The social media activity is less for the past few months. The officials have not responded to anything related to the hack.
These are red flags. Netizens conclude that the hack was a part of an exit scam by ZB. We can only hope for the best.
Conclusion
ZB was one of the cryptocurrency exchanges founded in China. Following the crypto ban in China, it moved overseas to continue its service to international users. It was hacked in Aug 2022 and it lost around $5 million dollars. It suspended withdrawing and depositing cryptocurrency in its exchange following that.
The officials have not yet responded regarding the hack. Their social media handles are not active. The Twitter account has been suspended. There is no proper customer support. These are all red flags to consider while starting an account in ZB. Netizens conclude that the hack was actually an exit scam even though there is no solid evidence for that.
We highly recommend not trading in this exchange as it is not transparent about its operations.
FAQs
ZB was founded in China in the year 2013. However, following the crypto ban in China, it moved its office to Zurich, Switzerland. Most of its board members are from Dubai. It recently made Dubai its strategic office to support the MENA region
Even though it has offices in the United States, it is not highly adopted by Americans. ZB has a more global presence and especially in the Asia region.
To unlock the full features of ZB you need to complete KYC. There is no need for KYC for deposits but for withdrawals you need KYC verification. Once you have done KYC you are entitled to unlimited withdrawals and deposits.
ZB was hacked in Aug 2022 where it lost almost $4.5 million. It has temporarily stopped deposits and withdrawals following the hack. The officials have not responded after the hack. Moreover, their social media account – Twitter has been suspended and other channels are not so active. The customers are having a high time getting responses from the ZB team.
ZB.COM Exchange Ratings
- Trading Fees
- Earning Programs
- Website Transparency
- Security
Pros
- It provides high liquidity.
- Low and competitive fees.
- Advanced trading platform.
- Can trade on Margin and in Futures markets.
Cons
- Only a limited number of Crypto assets are available.
- Most users are Asians and need to expand beyond.
- Only 2 supported fiat currencies – USD & CNY
- The official Twitter account has been suspended and there are many mimicking accounts on Twitter
- Very less social media activity
- Deposits and withdrawals have been halted following the hack in Aug 2022
- The officials have not responded to the hack in Aug 2022
Avalanche And FTX Token Investors Rush To Buy Sparklo Presale
As cryptocurrencies, Avalanche (AVAX) and FTX Token (FTT) need to improve. The investors behind these cryptocurrencies are looking forward to dropping their investments to go ahead with alternative investments such as Sparklo.
Avalanche (AVAX) Failing To Recover
Avalanche (AVAX) gained much positive attention soon after its release. Many cryptocurrency investors actively spend their money to purchase AVAX tokens. However, it appears now that they are selling the cryptocurrencies that they have purchased. Avalanche (AVAX) project has failed to a level where it may be unable to recover.
The price of Avalanche (AVAX) was there around $1115 by late 2021, but the current price is rotating around $15.
FTX Token (FTT) Investors Are Looking Into Sparklo (SPRK) Presale
FTX Token (FTT) was able to create a cutting-edge cryptocurrency project. With FTX Token (FTT), users have a new method of getting their hands on alternative investments such as options, futures, and other cryptocurrencies. However, the declining market conditions of cryptocurrencies created a direct impact on the success of FTX Token (FTT). In 2021, the FTX Token (FTT) is $80. Now, FTX Token (FTT) is only $24.
Sparklo (SPRK) Will Be A Great Investment For Everyone
Even if the crypto market is performing poorly now, investors continue to invest in promising cryptocurrencies such as Sparklo. According to cryptocurrency experts, Sparklo will be one of the best investments anyone can venture into.
As a cryptocurrency protocol, Sparklo aims to be the first investment platform to allow its members to invest in gold, silver, and platinum bars. Each investment will result in an NFT being minted and fractionalized. If users purchase the entire NFT, they can have the real-world asset delivered to a location of their choice.
Aside from this, Sparklo will work with jewelry stores to help them bring their products to market. Additionally, Sparklo investors will benefit from first access to new products and discounts.
In its presale stage, Sparklo is priced at $0.013, and it is expected to increase massively in early 2023. With its prospected growth, Sparklo may become a blue-chip crypto.
| 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. |
Snowfall Protocol Is The New Favourite Among Investors While Trust Wallet Token And Neo Are Losing Base
The year 2022 has been a wild journey for digital currencies. The majority of cryptocurrencies, including Trust Wallet Token (TWT) and Neo (NEO), have been unsteady. Nevertheless, despite the chaos on the market, a few cryptocurrencies have succeeded in establishing themselves and garnering widespread interest. Snowfall protocol (SNW) is one such currency.
Snowfall Protocol (SNW) Becoming A New Favorite Among Investors
A blockchain-based solution, Snowfall Protocol (SNW), was developed to make communication across blockchains simpler. Snowfall Protocol (SNW) aims to remove the technical hurdles that exist between various blockchains and give consumers the same functionality to participate in their preferred projects.
The first cross-chain transfer ecosystem created for fungible and non-fungible tokens is the Snowfall Protocol (SNW). A dApp for the protocol allows users to trade assets across a majority of blockchains. A preview of the dAPP was just made available by Snowfall Protocol (SNW).
Despite being a new coin on the cryptocurrency market, Snowfall protocol (SNW) has already won the support of many. Over 100 million coins have been sold so far through the Snowfall Protocol’s (SNW) presale. The third stage of the presale for the coin is presently ongoing. The second stage of the presale for Snowfall protocol (SNW) sold out a day ahead of schedule and raised over $3 million. It is advisable for cryptocurrency fans to not miss out on purchasing Snowfall Protocol (SNW) coins during their presale periods.
Trust Wallet Token (TWT) is Trembling
A mobile cryptocurrency wallet, Trust Wallet Token (TWT), is accessible, open-source, based on Ethereum, and supports over 160K various assets and blockchains. Users can also stake their crypto assets for interest using Trust Wallet Token (TWT). However, the once-profitable Trust Wallet Token (TWT) has significantly decreased in value. With a $67 million trading volume over the course of a day, the current live Trust Wallet Token (TWT) cost is $2.22. This is 3.11% less than Trust Wallet Token’s (TWT) price on the previous day. Over 416 million Trust Wallet Token (TWT) coins are in circulation.
Trust Wallet Token (TWT) is losing cryptocurrency enthusiasts for a few reasons. Serious security issues have been raised in relation to the Trust Wallet Token (TWT). For individuals who are searching for a safe place to keep their digital assets, this is very concerning. Many people think that the Trust Wallet Token (TWT) group is not valuing security as highly as it should, given they have been slow to fix these security issues. Additionally, there are alternative products on the market that, along with greater security protocols, offer functionality comparable to that of Trust Wallet Token (TWT).
Neo (NEO) Losing Base
The price of Neo (NEO) has been rising during the past month. The cryptocurrency specialist for Neo (NEO) said that the price may test the conceptual round again at the beginning of this month. The current Neo price is $7.25 with $37 million in 24-hour trading activity. On the previous day, Neo (NEO) decreased by 0.71%. There are currently 70,538,831 Neo (NEO) coins in circulation.
However, there are some reasons that are pushing Neo (NEO) behind. First, cross-chain asset exchanges cannot be made possible on the Neo (NEO) network. Second, it lacks a compelling reason to hang onto its original token. Ultimately, Neo (NEO) simply cannot match the features offered by Snowfall Protocol (SNW). Simply said, Snowfall Protocol (SNW) is a better option since it has cross-chain abilities, bounties, and tokenomics that benefit holders. Despite having several iterations and improvements to its blockchain, Neo (NEO) hasn’t been able to generate a significant amount of demand. Thus, there is nothing that would set it apart from the competition.
Conclusion
Snowfall Protocol (SNW) is a far better investment than trusting Trust Wallet Token (TWT) or Neo (NEO), given the achievements of the former.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
| 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. |
Does Recently Released Direct Property Africa Token (DPAT) Compete With Other Top Real Estate Cryptocurrencies?
There are several top cryptocurrencies providing real-world usability, especially in the real estate industry. In this article, we will list the top five real estate tokens you should invest in if you want to get into real estate, property, or land development.
- DPAT
- ATLANT
- REX
- PROPY
- LATOKEN
ATLANT
With its decentralised blockchain platform, ATLANT is tackling two of the most important issues in real estate, tokenised ownership and international P2P rentals. By lowering prices for the renter and lessor and reducing the likelihood of fabricated reviews and ratings, ATLANT aspires to become the “Airbnb Killer.”
ATLANT wants to build alliances with local governments all around the world to streamline the approval process for real estate transactions. ATLANT will accomplish this without initially putting real estate into incorporated SPVs by linking the ATLANT platform with blockchain-based governmental registries (Special Purpose Vehicles).
REX
With the use of the Ethereum blockchain, smart contracts, and crypto-economics, REX aims to become the most cutting-edge global real estate data marketplace in the world.
From market analysis to closing, the REX platform is meant to be a cornerstone tool for real estate professionals. Only significant businesses have historically been able to buy and sell data. However, REX will enable more accessible data to its users. Furthermore, users will be able to receive awards or pay fees for their real estate data while maintaining control of such data.
Propy
By developing a cutting-edge unified property store and asset transfer platform for the global real estate market, Propy is committed to resolving the issues that arise in international real estate transactions. Propy will give homebuyers a method to acquire real estate overseas. This procedure has always been highly difficult and drawn out.
Propy initially started by accepting online home purchases made on its website and collaborating with regional authorities to individually approve title documents. The platform aspires to form alliances with legal representatives in the biggest real estate markets in the world. These alliances will lead to authorised purchases by the platform instantly becoming a legally binding transfer of property from one Propy user to another.
LATOKEN
LATOKEN has risen in the market cap rankings ever since the ICO ended in October 2017. The LA platform is now up and running, enabling users to trade gold, oil, and real estate ETFs, including tokenised shares of Google, Apple, Tesla, and other blue-chip companies.
By allowing the trading of real-world assets in cryptocurrency, LATOKEN aids investors in diversifying their portfolios. The platform promotes the widespread adoption of cryptocurrencies in the real economy. The LATOKEN team has a strong track record in hedge fund management, the development of marketplaces, and trading terminals. In addition, the team has worked at companies such as Avega Capital, McKinsey, BCG, and Ernst & Young.
DPAT
Recently released Direct Property Africa Token (DPAT) is a token on the Ethereum network that promotes decentralised finance and Web3 technology. The team leading the platform is the first to build a borderless Web3 100 percent land backed NFT investment and trading marketplace. With each real estate project in a major African city minted and represented by a fractionlized Non-fungible token (NFT) available to purchase for anyone for as little as $100. Direct Property Africa Token (DPAT) is set to disrupt one of the oldest industries in the world, while providing an alternative image of a whole continent.
DPAT is revolutionising the approach to African real estate Investments and decentralisation. Their one of a kind platform aims to create a democratised, profitable, stable, and secure ecosystem for commercial and residential real estate investment. In addition, the African Development Bank (AfDB) pointed out that the middle class is expected to grow from 355 million to 1.1 billion by 2050 so the DPAT team hope to contribute to resolving the inevitable housing shortage by providing developers cost-effective and transparent access to liquidity for residential, commercial and infrastructure projects. All this and giving stakeholders access to multiple revenue streams.
Read the Direct Property Africa Token (DPAT) Whitepaper to learn more about this revolutionary project.
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Inspired By Polygon And Chainlink, Snowfall Protocol Becomes The Best Crypto Token To Buy Going Into 2023
The crypto market has continued to rise this week, with Snowfall Protocol, Polygon, and Chainlink performing exceptionally. Snowfall Protocol (SNW) has been steadily increasing in value since it began its presale campaign. This week, Snowfall Protocol’s price set a new all-time high of $0.12. What’s more, Snowfall Protocol (SNW) has raised over $3 million in the last month, seen a price increase of over 500%, and realized its utility value with the Snowfall dApp—more on this later.
Chainlink has gained 10% in the last week, while Polygon has recovered significantly from a brutal year and is now up 2% in the last 30 days. This guide will explain why Snowfall Protocol (SNW), Chainlink, and Polygon are the ideal ingredients for a winning portfolio in 2023.
Chainlink Is Well Worth the Hype
Projects that are all hype but have no substance are not uncommon in the crypto ecosystem. Chainlink is not among them. Chainlink is a valuable resource to the market. Chainlink aims to give smart contracts access to real-world data. In this way, Chainlink does not seek to compete with other cryptocurrencies but rather to advance the entire ecosystem through its proprietary protocols. For instance, Chainlink provides a decentralized means for DEXes to use oracles, giving it a firm and secure position in the market.
DeFi Boom Favors Polygon
Polygon is a scaling solution that is widely used in the decentralized finance space. Polygon’s primary goal is to promote crypto adoption by finding a solution to the scalability issues that plague Ethereum and other blockchains. With the continued rapid growth of the decentralized finance industry, most developers have integrated their dApps with the Polygon Network. Moreover, many institutions are taking advantage of the platform’s low fees to improve their transactions. This puts Polygon in a good position to perform spectacularly in 2023.
Platform Utility Positions Snowfall Protocol as A Long-Term Buy
Snowfall Protocol (SNW) aims to solve one of the most pressing issues confronting the blockchain industry— how to communicate from one blockchain to another. Specifically, from an Ethereum to a non-EVM compatible chain. This is currently not possible. But with Snowfall Protocol’s dApp launching in Jan 2023, users will be able to transfer fungible and non-fungible assets, say from Ethereum network to the Bitcoin network, without any issues.
The dApp is secure, trustless, and simple to use. This pioneering utility by Snowfall Protocol (SNW) will connect various blockchains into one interactive village, paving the way for future developments in the sector.Snowfall Protocol’s Presale is in its last presale round, and more than halfway sold out. Register today for up to 5000% returns: https://presale.snowfallprotocol.io
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Render Token And Shiba Inu Show Downturn, Flasko Keeps Going Up
A vital deal between Binance and FTX, the second-largest crypto exchange, ended up falling through due to unforeseen circumstances, precipitating a sharp decline in the cryptocurrency industry. As more people started selling like crazy, the value of nearly all coins decreased.
The widespread Metaverse coins Shiba Inu (SHIB) and Render Token (RNDR) were not spared. Our crypto analysts have found a suitable investment option, though, Flasko!
Render Token (RNDR) May Never Achieve Its Peak Again
The peer-to-peer GPU platform The Render Network enables users to give computing power for 3D rendering projects in exchange for its native Render Token (RNDR).
The hype behind the Render Token (RNDR) reached its pinnacle in 2021, with an $8.21 price point. But the Render Token (RNDR) has been showing a negative trajectory since then.
After making a 9% rebound this past week, the luck of Render Token (RNDR) has just started to change considerably. The Render Token (RNDR) is now trading for $0.53, and investors are moving away from this project.
Shiba Inu (SHIB) Continues Disappointing
Shiba Inu (SHIB) is a decentralized coin launched in August 2020 by “Ryoshi,” an unnamed individual or organization. Ryoshi created Shiba Inu (SHIB) to be plentiful, in contrast to the majority of all other coins in the industry that are intended to be rare, and he put 50% of the coins in Uniswap for accessibility.
Unfortunately, Shiba Inu (SHIB) lacks actual use cases that make it desirable. And the coin price reflects that Shiba Inu (SHIB) has decreased by 30% in the past three months. This sudden price drop has made Shiba Inu (SHIB) holders anxious.
Flasko (FLSK) To Bring Investors 30x The Profit
The Flasko team has decided to provide crypto enthusiasts with a brand-new platform, with the alternative investment market pegged at $13.4 trillion. It will create a unique platform for alternative investments where customers may buy and trade fine wine, champagne, and whiskey in the form of fractionalized NFTs backed by real-world items.
Users receive benefits like discounts and first access to new products from Flasko partners by investing in the company early! That is correct; high-end beverage startups may partner with Flasko to promote their latest products and reach an audience they may not have been able to.
Becoming a VIP Club member is a fantastic option for those seeking more rewards. You will receive prizes ranging from exclusive NFTs to two yearly trips to the Champagne region of France!
Flasko has a Solid Proof audit complete and 33-year locked liquidity to prevent any rug-pull or scam scares. These precautions make Flasko an extremely safe investment option.
The presale is currently in Stage Two while valued at only $0.111. We think this might be an excellent chance to buy a possible blue-chip cryptocurrency at a bargain. Investing early in Flasko will ensure you gain profits in the future, as crypto experts predict a 4,000% price soar by mid-2023.
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BTSE Token And Zilliqa Declining Fast; Sparklo Becomes The Best Alternative Investment
Initially, investors did not consider alternative investments, but they have since turned from the sidelines to an essential part of the global cryptocurrency investment scene. Although they are now mainstream, many investors cannot diversify their portfolios to comprise alternative investments even though they provide substantial returns.
The opportunities available in alternative investments have given rise to cryptocurrencies like Sparklo, BTSE Token (BTSE), and Zilliqa (ZIL). But analysts predict Sparklo would be the best investment in the coming months against BTSE Token (BTSE) and Zilliqa (ZIL) after the crypto winter of 2022.
BTSE Token (BTSE) Price On A Freefall As Investors Search For Alternatives
BTSE is an exchange in derivatives, digital assets, spot trading, NFTs, fiat-to-cryptocurrency conversion, and over-the-counter (OTC) trading. BTSE (BTSE) is the native token of the BTSE exchange powering its ecosystem. As the base currency of the exchange, holders get several advantages since they can use it for payments and other services the exchange offers.
2022 hasn’t been better for BTSE Token (BTSE) as the token has declined for the past months. Binance shows that BTSE Token (BTSE) had a 23.11% decline in the past 90 days. It currently trades at $3.60, more than a 60% decline from its all-time high of $9.21.
Zilliqa (ZIL) Investors Continue On A Downtrend Amidst Market Sentiments
As a public blockchain, Zilliqa (ZIL) aims to resolve scalability issues that several cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), face. Zilliqa (ZIL) achieves this by using sharding for speed improvement and creating secure and scalable platforms.
The price performance of Zilliqa (ZIL) has been filled with twists and turns in 2022. Zilliqa (ZIL) currently trades at $0.029 and is still going downwards, as seen in the charts. Zilliqa (ZIL) has a total market capitalization of 391.76M and ranks #87. However, Zilliqa’s (ZIL) price has depreciated by 20.80% in the last 90 days, leaving investors searching for other alternatives.
Sparklo (SPRK): The Best Alternative Investment In The Coming Months
Sparklo is creating an alternative investment to let users invest in silver, gold, and platinum. It would do this by allowing users to purchase fractionalized and minted NFTs backed by the above real-world assets. An entire purchase of an NFT would ensure the asset is delivered to the location of choice of the user.
Also, Sparklo would collaborate with jewelry stores to bring the product to the market and let investors get discounts and first access to new products. As a result, analysts predict Sparklo may become a blue-chip investment with significant growth potential.
We believe this could be a good opportunity to get into a future price-pumping investment at an excellent stage. Sparklo is currently in its first stage of presale with a price of $0.013, which might likely increase in the future.
Furthermore, Sparklo is a safe investment as Interfi Network has audited it, and its liquidity would be locked for 100 years while the team’s token would also be locked for 1,000 days.
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Huobi Token (HT), Shiba Inu (SHIB) Prices Up; Orbeon Protocol (ORBN) Set to Surge by 6000% During Presale
Amid the ongoing tumultuous market phase, some cryptos have managed to post good numbers. While Huobi Token (HT) and Shiba Inu (SHIB) have witnessed a rise in their price after going down for a long time, a new project, Orbeon Protocol (ORBN), has splashed the overall market with a mammoth pre-sale success.
Huobi Token (HT) Lessens Monthly Loss
Huobi is one of the largest crypto exchanges in the world by trading volume. Huobi Token (HT) runs the Huobi exchange. Huobi Token (HT) was developed as an alternative to Binance (BNB) in the Asian crypto market. Huobi Token (HT) is a decentralized crypto based on the Ethereum network. The Huobi exchange offers many privileges to Huobi Token (HT) holders, like discounts on transaction fees. However, people can use the exchange without holding a Huobi Token (HT).
Last week’s growth of Huobi Token (HT) has managed to minimize the project’s loss. The price of Huobi Token (HT) has seen a rise of 55% in the past week. Consequently, Huobi Token’s (HT) monthly price performance has been able to cover some losses. Last month, Huobi Token’s (HT) price fell by 24%.
Shiba Inu (SHIB) Jumps This Week
Launched as a rival of Dogecoin, also termed as a “Doge-Killer,” Shiba Inu (SHIB) is a meme-based cryptocurrency. Shiba Inu (SHIB) gained huge attention during the bullish market of early 2021. Shiba Inu (SHIB) is a decentralized, community-building cryptocurrency. Shiba Inu (SHIB) is built on top of the Ethereum Network. Shiba Inu (SHIB) has successfully posed a big challenge to Dogecoin (DOGE).
Shiba Inu (SHIB) has posted positive numbers in the last week. The price of Shiba Inu (SHIB) has increased by 4% in the past seven days. The current price of Shiba Inu (SHIB) is $0.00000889.
Orbeon Protocol (ORBN) Records Historic Pre-sale Numbers
Orbeon Protocol (ORBN) is a blockchain-powered investment platform that allows startups to raise funds by minting and issuing fractionalized, equity-backed NFTs. Decentralizing the crowdfunding and venture capital industry, Orbeon Protocol (ORBN) mints equity-based, fractionalized NFTs to assist companies in raising funds. The platform also helps individual investors invest in promising businesses. Orbeon Protocol (ORBN) provides companies with its NFTs-as-service (NFTaas), which allows them to raise funds seamlessly. With Orbeon Protocol’s (ORBN) NFTaas, everyday investors can start investing in promising companies for as low as $1.
Orbeon Protocol (ORBN) also ensures that investors get the maximum benefits without taking major risks. In traditional investment methods, when companies fail to raise a minimum amount after starting the fundraising process, retail investors lose their money. But Orbeon Protocol (ORBN) has put some measures to eliminate such occurrences. Orbeon Protocol (ORBN) has a “Fill or Kill” mechanism to guarantee all investors get their money back if the fundraising process fails. Since this mechanism is integrated into the platform’s smart contract, it cannot be altered.
ORBN token is the platform’s native crypto, which powers the Orbeon ecosystem comprising Orbeon Wallet, Orbeon Swap, Orbeon Exchange, and Metaverse. Other benefits that ORBN holders get are voting rights, cashback rewards, and discounts on trading fees, among others. Experts have forecasted that ORBN tokens’ price will register a growth rate of 6000% during its pre-sale. Currently, ORBN tokens are priced at $0.021. The price of ORBN tokens is expected to reach $0.24 in the coming weeks.
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Ethereum Price Holds Steady At $1,300, Altcoin Toon Finance Token Soars Along With Ethereum
Ethereum’s price has been holding steady at around $1,300 in the past week. This is a significant development for the cryptocurrency, which has seen its value fluctuate wildly in recent months. Ethereum is the second-largest cryptocurrency by market capitalization, and its stability is seen as a positive sign for the wider industry.
While Ethereum’s price is still far below its all-time high of over $4,000, it has recovered significantly from its low point of just $400 in July 2017. The past week has also seen a general increase in demand for cryptocurrencies, with Bitcoin and other major coins seeing their prices rise. This suggests that confidence in the cryptocurrency market is growing, and that Ethereum’s recent price stability may be the start of a more sustained recovery.
At the same time, altcoins have also been making gains. One of the most notable is Toon Finance Token (TFT), which has seen its price surge from basically 0 at the start of October 2022 to over $0.30 as of the last week of October.
The project is a decentralized finance protocol built on Ethereum, and it’s one of many projects that are taking advantage of the current DeFi boom. With Ethereum enjoying relative stability and increasing demand for DeFi protocols, it looks like Toon Finance Token could continue to see its price rise in the coming weeks and months.
All in all, investors seem confident in the potential of Ethereum and other cryptocurrencies right now particularly in this case, Toon Finance. This bodes well for both Ethereum and Toon Finance as increasing prices that remain stable is always a welcome news.
With this recent stability, this good news will spread to new investors making the prices rise even more and hopefully starting the bull market cycle which everyone has been waiting for.
This is a good sign for the Ethereum cryptocurrency, as it indicates that investors are confident in its future
Ethereum surged to a new all-time high on Wednesday within the bear market after FTX collapsed, propelled by a wave of investor and buyer confidence along with speculation for increase prices in December 2022.
The digital currency rose to as much as $2,151.77, surpassing its previous record of $2,146.56 set on January 19. The surge comes amid a broad rally in the cryptocurrency markets, with Bitcoin also climbing to new highs. Ethereum has now gained more than 1,700 percent since the beginning of the years, far outpacing Bitcoin’s gains.
While Ethereum’s rally may seem speculative, it is backed by strong fundamentals. Ethereum is one of the few altcoins with actual use and demand making the token inherently valuable apart from the fact that it is a popular token that’s one of the first to attract investors both new and old to the crypto space.
The Ethereum network is home to some of the most popular decentralized applications, and its native token, Ether, is used by developers to build and launch new applications. This fuels further growth as more and more use cases are found for Ethereum ETH.
With usage and demand for Ethereum applications growing, investors are betting that the digital currency will continue to rise in value. Although there are still strong sentiments of a market bottom yet to occur, investors believe Ethereum is yet to see its new all time high (ATH).
Ethereum has many advantages over other cryptocurrencies, including faster transaction times and lower fees
As the world of cryptocurrency continues to evolve, Ethereum has emerged as one of the most popular platforms for digital transactions. Ethereum is very popular unlike other altcoins that’s why it has a massive fan base and a lot of supporters that accept it as currency. There are also multiple platforms that use Ethereum exclusively as payment for products or services.
Unlike Bitcoin, which strictly focuses on financial transactions, Ethereum is a more versatile system that can be used for a variety of purposes. For example, Ethereum’s faster transaction times and lower fees make it ideal for small purchases, such as coffee or groceries. In addition, Ethereum is also being used more and more for larger transactions, such as real estate deals. As Ethereum grows in popularity, it is likely that even more businesses will begin to accept it as a form of payment. Consequently, Ethereum could soon become the preferred choice for digital transactions worldwide as it is not as expensive as Bitcoin which most people keep in order to wait for its price to rise.
Some experts believe that Toon Finance Tokens could also become like Ethereum
At the moment, the market is bombarded with new cryptocurrencies every day. Some are good, some are great and some disappear as quickly as they came. However, every once in a while, a cryptocurrency comes along that has the potential to change the game. Toon Finance Tokens could be one of those cryptocurrencies.
While it is still early days, some experts believe that Toon Finance Tokens could also become like Ethereum, providing a platform for other digital assets and applications. Toon Finance has a platform called Toon Swap which is a decentralized exchange similar to Uniswap, Biswap, 1inch, and Pancake Swap. It will be accepting numerous token pairs such as Tether USDT, and BUSC stable coin along with other more popular coins such as Bitcoin BTC, Ethereum ETH, Cardano ADA, Polygon Matic, and Dogecoin DOGE.
Only time will tell if Toon Finance Tokens can live up to the hype, but if it does, it could well become the next big thing in the world of cryptocurrency. This is due to the fact that decentralized exchanges are not only getting better, lessening the gap between centralized and decentralized exchanges. It is also becoming more user-friendly, thereby making it easier for people to buy and sell tokens without the need of middlemen.
Whether Toon Finance Tokens will become a major player in the world of cryptocurrency remains to be seen. However, with its potential to revolutionize digital asset trading using its Space Bridge protocol that will allow multi-chain participation, it is certainly worth keeping an eye on this new token.
With its growing fan base and increasing demand, there is a good chance that Toon Finance could one day become as big as Ethereum as the patterns match for the two tokens. Time will tell whether this happens or not but it is worth keeping in mind that Ethereum is currently playing around $1,300 right now and if Toon Finance Token even reaches half of this goal then it will still be a gigantic win for the investors..
Conclusion: Ethereum has established itself as one of the most popular blockchain platforms today due to its flexibility and use cases for various types of applications. While Toon Finance’s Toon Swap is a result of partnership between the Ethereum blockchain and Toon Finance developers.
Toon Swap decentralized exchange causes Toon Finance Tokens to soar
Toon Swap is the answer to the inherent vulnerabilities of centralized exchanges that has proven time and again that its current place in the hearts of crypto investors is undeserved.
Centralized exchanges encourage theft by allowing self-regulation when it comes to the aspect of liquidity. Centralized exchanges like Binance and FTX would rather use their users’ funds that actually leave it alone.
Due to the collapse of FTX, Toon Finance had a surge of interest similar to Trust Wallet who got it’s all time high after FTX stole their users’ money.
Toon Swap is in the eye of multitudes of investors and it’s all because of Space Battlegrounds. Space Battlegrounds will allow Toon Swap users to bet on the results of play to earn p2e games. This encourages large volumes of token movement in the exchange causing people to trade here more often as there will always be a buyer here.
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OKB (OKB) vs. Flasko (FLSK) vs. KuCoin Token (KCS)
Only a small number of cryptocurrency projects had the potential to affect the industry before they ever debuted significantly. The two well-known examples are KuCoin Token (KCS) and OKB (OKB). These coins are currently up against a new foe who could surpass them in the standings.
Flasko is a new cryptocurrency gaining popularity, and investors are swarming to buy it.
OKB (OKB) Sees A Jump
OKB (OKB) is a global utility token that gives OKX users access to several crypto exchange services. To be more precise, OKB (OKB) calculates and collects management costs, offers users access to voting and site management, and compensates individuals for holding them.
OKB (OKB) has a current price of $22.16, a growth of 4.52% in the last 24 hours. No matter this rise, OKB (OKB) is still down 50% from its all-time high of $44.01. We believe that OKB (OKB) is not an excellent long-term investment.
KuCoin Token (KCS) With A Negative Trend
KuCoin Token (KCS), the cryptocurrency’s native coin, allows users to pay trading costs more cheaply, participate in transfer operations, and much more. The KuCoin Token (KCS) is a utility token that enables users to gain from the platform’s development and support.
The current $6.67 for one KuCoin Token (KCS) leaves much to be desired. With a 2.36% drop in the last seven days, crypto analysts say the price for KuCoin Token (KCS) will still sink. This has caused KuCoin Token (KCS) holders to leave in droves.
Flasko (FLSK) To Give You 30x The Profit In 2023
Although Flasko’s presale has only recently begun, it has already attracted a lot of interest from investors who believe it offers a simple yet unique and compelling business model. Flasko seeks to pioneer the fusion of the cryptocurrency and premium beverage worlds through its platform.
This industry has been rising at a never-before-seen rate and offers investors a 28% yearly return. Tapping into this is a brilliant idea!
Flasko’s current valuation of $0.099 makes it an excellent entry point for everyone. Leading crypto analysts forecast that the price of the Flasko token will rise to $3.50 by April 2023.
Users of the Flasko platform could purchase high-end luxurious whiskeys, wines, and champagnes represented by a fractionalized NFT. Flasko is also a safe investment due to a Solid Proof audit and a 3-decade lock on liquidity!
If you become a VIP member, you may even receive access to wine-tasting events worldwide and exclusive NFTs. If these incentives seem intriguing, become a VIP member and enjoy the benefits!
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BudBlockz (BLUNT) Token Is A Steppingstone To Tokenize The CBD Industry
When you talk about powerful crypto and NFT prospects in the coming year, it doesn’t get better than BudBlockz. The company is making some pretty big waves in the blockchain community and has successfully raised crypto whales’ confidence and other investors’ confidence. After all, the company managed to generate up to $1 million in revenue in its private sale round shortly after it launched in the second half of 2022. That’s extraordinary.
There’s no doubt that BudBlockz has managed to be a massive ray of sunshine amidst the crypto winter we’ve all been experiencing since the start of 2022. And according to blockchain analysts and investors, the company’s native crypto (BLUNT) will likely rule the crypto marketplace in 2023.
BudBlockz NFT, BLUNT & CBD Prospects
BudBlockz is a one-of-a-kind cannabis crypto project successfully revolutionizing the CBD and legal marijuana industry. Cannabis lovers and potential investors worldwide are excitedly looking forward to becoming a part of the BudBlockz community. Why? Well, the company is already bringing marijuana and CBD users and businesses together on an authentic and decentralized finance blockchain platform. In addition, it’s making it easier for people to buy and sell CBD products without fear of scrutiny.
Moreover, BudBlockz is also strategically positioned to captain the merge between the CBD industry and blockchain because it chose to capitalize on the fact that many countries will soon legalize recreational marijuana use. It is one of the primary reasons experts state that the CBD industry will grow to $200 billion in the next ten years. And 2023 is going to be an exciting year for cannabis users.
BudBlockz members will use their $BLUNT coins to conduct seamless and secure private transactions on the company’s e-commerce platform. However, what’s even more exciting is the launch of the company’s NFT collection called Ganja Guruz. This 10,000 NFT collection is available on both OpenSea and Rarible.
The Power of Ganja Guruz
BudBlockz’s NFTs are inspired by 90’s retro video games and offer more than just aesthetic value. You see, with Ganja Guruz, BudBlockz members will have the chance to become fractional stakeholders in a variety of CBD businesses across the BudBlockz blockchain. Additionally, it will allow users to earn money through dividends.
Furthermore, Ganja Guruz owners will be able to access exclusive CBD and marijuana markets that $BLUNT users won’t. In addition, they will be given weekly and monthly promo codes to buy CBD products at discounted rates. There is no doubt, BudBlockz is here to stay, and it is going to dominate the legal marijuana industry throughout the world.
Why BudBlockz?
BudBlockz is a forward-thinking and highly innovative crypto project standing on the horizon of explosive success. The potential return on investment on $BLUNT is massive! Hence, you should add it to your portfolio at an early stage to earn massive profits.
What Do Investors Think About Plona (PLON), FTX Token (FFT) and Quant (QNT)?
Investors play a pivotal role in the crypto marketplace. They possess a significant amount of weight in the performance of a cryptocurrency. FTX Token (FFT) and Quant (QNT) are proof of what loyal investors can do for a cryptocurrency blockchain. Plona (PLON) is another newly released cryptocurrency joining the industry to snatch the interests of investors.
FTX Token (FFT) aims to recover from a 5% market drop.
FTX Token (FFT) debuted in April 2019 as an exchange token of the FTX ecosystem. The platform enables FTX Token (FFT) holders to leverage coins on individual and baskets of crypto assets, over-the-counter (OTC) trading, and even binary options.
In addition to OTC trading, the FTX Token (FTT) can serve as collateral against futures positions or reduce trading fees on the exchange or within the platform. Yesterday, FTX Token (FFT) was reported to have dropped by 5% in the last seven days. At the cost of nearly $30, is FTX Token (FFT) worth your investment?
Quant’s (QNT) numbers fail to improve.
Quant (QNT) was created by CEO and founder Gilbert Verdian to bring to life what he called the “Internet of Trust”. Quant is a cryptocurrency on the Ethereum (ETH) blockchain aiming to connect various blockchain networks to enable linking and flexibility between global networks and chains.
Gilbert Verdian designed Quant (QNT) to serve banks, asset managers, fintech developers, and other financial institutions. Quant (QNT), which was previously down by 9.30%, is now down by 7.87%. Not much of an improvement, but its investors can only remain optimistic or look for other cryptocurrencies to purchase.
Is Plona the next big thing in the blockchain industry?
Plona (PLON) is one of the most talked about cryptocurrencies on the Ethereum (ETH) blockchain. Designed to promote fractional ownership by tokenisation, the Plona (PLON) platform enables investors to own a fraction of some of the world’s most luxurious cars for $29. Plona (PLON) token holders will also benefit from exclusive networks and events hosted by exotic car dealers.
To add to this, Plona (PLON) token holders will further benefit from a 2.5% transaction fee for all network transactions. The platform will also be locking up liquidity for five years and donating 2% of tokens to a charity chosen by the community. After the second week of the Plona (PLON) presale, crypto experts believe Plona (PLON) can change the blockchain industry. Plona’s community has also already raised the platform $500 thousand within the same time frame.
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