Day: October 18, 2023

Injective (INJ) boost as Helix unveils pre-launch futures

Injective (INJ) price rose to highs of $8.20 on Wednesday.
The gains came as the layer-1 blockchain network’s DEX platform Helix unveiled its pre-launch futures product.
Celestia (TIA) is the first pre-launch futures token to list on Helix.

Injective (INJ) is seeing a nice uptick in price today as the layer-1 blockchain adds to last week’s upside. While the altcoin‘s price is currently just 3.5% up in the past 24 hours, the gains were much more notable earlier in the day when INJ/USD touched highs of $8.20.

INJ traded to highs of $9.40 in April this year before the early 2023 momentum faded alongside the lull across the crypto market. In 2021, the price of INJ hit the all-time high of $24.89.

Helix unveils pre-launch futures

Injective’s price gains came as the Injective blockchain added to last week’s network milestones, which included integration with NFT marketplace Dagora and new Launchpad InjMarket. 

The latest milestone was achieved via Helix, a decentralized exchange (DEX) on Injective that introduced its pre-launch futures on Wednesday. The product allows customers to trade popular tokens before their official launch.

Pre-Launch Futures are futures markets for tokens that have yet to launch. Effectively, this enables users to trade pre-launch markets that are typically reserved for early contributors, VCs or wealthy insiders,” the Helix team said in a blog post on Wednesday.

The first token on the Helix pre-launch futures market is Celestia (TIA), the native token of the modular data network developed by Celestia Labs. The platform’s recently launched airdrop that concluded today might have aided the overall sentiment in the Injective market.

TIA, which is expected to go live on a major crypto exchange in coming weeks, will be used for transaction fees. The token also has a fee burn mechanism akin to Ethereum’s EIP-1559.

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Stake.com’s $41M hack: Implications and lessons in crypto security

Stake.com was recently hacked for $41 million. What happened during the incident?
How did the crypto casino giant respond to the attack?
The implications and lessons for crypto.

The security breach that saw online crypto casino Stake.com lose $41 million to hackers on September 4 is among the most notable attacks to hit the cryptocurrency industry this year. Since the incident, blockchain security analysts and law enforcement have linked the “suspicious outflows,” to a sovereign state actor – North Korea’s Lazarus Group.

On September 7, the  Federal Bureau of Investigation (FBI) released a report that identified the Lazarus Group as the hacker responsible for the theft. The FBI also pinned several other crypto hacks to the group, including the attacks on Alphapo, CoinsPaid, and Atomic Wallet. The group is reportedly responsible for attacks that have seen more than $200 million in crypto stolen in 2023 alone.

Understanding what happened

Blockchain data revealed that the Stake.com hack started with a transaction on Ethereum, with hackers transferring roughly $3.9 million of the stablecoin Tether (USDT). 

The attackers then   withdrew 6,001 Ether (ETH), worth about $9.8 million at the current market price. Also withdrawn was approximately $1 million in USD Coin (USDC), $900,000 worth of Dai (DAI), and 333 Stake.com Classic (STAKE) tokens, each valued at $75.48.

While initial reports indicated stolen crypto funds amounted to $16 million, that rose to $41 million.

On September 7, the platform disclosed that the hacker had begun cross-chain transactions by transferring funds to the BTC blockchain through new wallets on Polygon and Avalanche. As of September 8, $4.5 million has been moved to BTC addresses. Meanwhile, the majority of the stolen funds, approximately $36 million, remain on the Ethereum, Polygon, and BNB Chain networks.

Stake.com assured its customers that user funds were safe and that only a small percentage of the online casino’s total funds had been affected. But amidst the incident, many fake accounts on X (formerly Twitter) cropped, with fake updates that tried to trick people into clicking on phishing links for refunds.

Understanding hot wallets and cold wallets

Crypto wallets are essential for storing and managing cryptocurrency assets. They come in two main types: hot wallets and cold wallets. Both types of wallets have their own advantages and disadvantages. The right type of wallet depends on how much crypto an individual holds, their security preferences, and how accessible they want their funds to be.

Hot crypto wallets are always connected to the internet, with examples being exchange wallets. They are typically free and allow users to store, send, receive, manage, and view their cryptocurrency assets. Access is via any internet-enabled device, including phones, tablets, and PCs. It is why hot wallets are preferred for easy access and trading.

But while hot wallets offer convenience and quick transactions, they are less secure when it comes to storing high-value assets. The risk of hacking is higher compared to cold wallets.

As cold wallets store assets offline, with access via hardware devices, the threat of being hacked is significantly lower. Use of cold wallets has increased, especially after the collapse of FTX, and hacks on several other centralised crypto exchanges.

Looking over the security aspects

Wallets work with public and private keys, which are the cryptographically generated strings of letters and numbers that authorise crypto transactions.In traditional banking terminology, the public key is like a user’s account name while the private keys are like the password needed to access the account. Without it, you cannot access the stored cryptocurrencies.

Adding a layer of security is key to use of hot wallets, and this can be achieved in various ways, including splitting wallet keys and storing them in different places. Other controls like limits to  fund transfers, frequency, and eligible receiving addresses could be helpful. Such measures helped limit the Stake.com hacker to its bankroll pool and ETH/BSC.

Stake.com’s response to the hack

According to Ed Craven, co-founder of Stake.com, the platform has a small percentage of its crypto reserves in a hot wallet. However, he noted in an interview with DL News that the breach was not because of the hackers acquiring Stake.com’s hot wallet private keys.

Craven also noted in a blog post on Medium, that the company’s team acted swiftly following the hack, halting all withdrawals and deposits to prevent further theft.

This was done within 20 minutes, with malicious components disabled and necessary containment measures put in place within 4 hours. As a result, the attack impacted only a small portion of Stake.com’s reserve funds meant for large winnings. Stake.com also quickly resumed its operations and began crediting customers who sent funds during the exploit. 

Meanwhile, the company is working with law enforcement and cybersecurity experts as they look to unmask and apprehend the hackers.

Stake, which supports 18 cryptocurrencies as a payment method, also noted that the two games impacted by the security breach will remain disabled throughout the investigation. 

Lessons for the crypto industry

The recent security breach at Stake.com has sounded alarms about the robustness of online crypto platform securities. Major security compromises in history, such as Sony’s 2011 PSN intrusion and the 2017 Equifax data exposure, have served as crucial learning points in their sectors. 

Likewise, the Stake.com incident highlights the imperative for bolstered defence mechanisms in the rapidly evolving crypto space. Such vulnerabilities, if left unaddressed, could not only impact immediate financial holdings but also erode long-standing reputations.

Given the jeopardy faced by Stake.com’s financial reserves, there’s unease concerning the reliability of cryptocurrency in everyday practical business application. This loss in consumer and business confidence could translate to potential delays or reductions in disbursements, an adverse outcome for creators, especially those recently migrating to Kick in search of a more lucrative platform. Yet, if Stake.com can adeptly navigate through this turbulence and curtail the repercussions, its overarching fiscal health may remain intact.

This breach has prompted industry specialists to reexamine the inherent risks of amalgamating cryptocurrency functionalities with platforms akin to Kick. The incident serves as a clarion call for companies pondering similar integrations.

To fortify defences, platforms should advocate for encrypted transactions, unwavering data protection, uphold fairness through Random Number Generator (RNG) protocols, and emphasise layered account safeguards. Furthermore, it’s paramount to offer secure transactional methods, sustain vigilant surveillance, and ensure dedicated customer engagement.

For casinos aiming for sustainability and adaptability amidst sophisticated threats, incorporating AI-centric fraud detection becomes pivotal. Regular security evaluations and pertinent certifications solidify a commitment to preserving a trustworthy environment for its user base while upholding the platform’s esteemed reputation.

The resilience of Stake.com’s operations

Stake.com, founded in 2017 and is headquartered in Curacao, is one of the leading crypto casinos in the world. The platform generated around $2.6 billion in revenue in 2022 and recent reports revealed that the gambling platform recorded over 900M bets in August.

Beyond its primary casino functionalities, Stake.com has forged strong ties with Kick Streaming, a platform celebrated for sponsoring renowned streamers, including Adin Ross, Amouranth, and XQC. Notably, the platform also boasts a partnership with Drake as a prominent ambassador, further elevating its prominence in the industry.

The hacking incident underscores the importance of ongoing security enhancements, heightened vigilance, and user education to safeguard both experienced and novice crypto gamblers.

Before the recent hack, Stake.com had taken various security measures to protect user data and funds. The platform required complex passwords and implemented two-factor authentication (2FA) to add an extra layer of security to user accounts. These measures are designed to make it difficult for unauthorised individuals to access user accounts.

The company also performed regular security audits to identify and fix potential vulnerabilities. This is an attempt to stay ahead of cybercriminals. It also used encryption technologies to protect user data and financial transactions.

In addition, the platform also provided guidance to users, warning them against playing high-risk games that could expose them to hacks. Safe gambling, also known as responsible gambling, is highly encouraged.

To gamble safely, Stake.com advises players to balance gambling with other recreational activities, set a spending plan and time limit, bet with affordable funds, take breaks, and grasp the odds and associated risks. The company also reminds players not to let losses overly upset or anger them during gambling sessions.

However, it is essential to note that no security measure is perfect. The Stake.com hack demonstrates that even well-established and well-funded crypto casinos can be vulnerable to attack. The company promises to continue investing in cyber security to adapt quickly to emerging threats.

Conclusion

Stake.com has shown greater resilience in the wake of the security breach, taking significant steps to enhance security and protect user data and funds. However, the incident highlights that even well-established crypto platforms are not immune to such attacks. 

The critical role of hot wallets in another take from the incident, with Stake.com’s strategic use of secure hot wallets enabling a swift recovery and the protection of user funds. Yet, as the industry continues to mature, hacks highlight the fact that crypto casinos, including Stake.com, need to prioritise continuous vigilance, robust security measures, and proactive incident response mechanisms to ensure the safety of digital assets.

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Paris Blockchain Week 2024 to Host Cutting-Edge Web3 Innovation

Paris, France, October 18th, 2023, Chainwire

Paris Blockchain Week, the leading blockchain and Web3 event organiser, announced how the 5th edition (8-12 April 2024) at the Carrousel du Louvre in Paris, France, is shaping up.

Signifying the growth of the blockchain and Web3 industry, Paris Blockchain Week 2024 will be a three-day event focusing on cutting-edge industry content, rockstar keynote speakers and networking opportunities with a wide range of blockchain and Web3 communities.

Paris Blockchain Week 2024 presents an agenda with key topics of the blockchain and Web3 space, including open finance, artificial intelligence, regulations and CBDCs, corporate Web3, payments and more. Top executives from the pioneering industry players, including David Marcus of Lightspark, Denelle Dixon of Stellar Development Foundation, Yat Siu and Robby Yung of Animoca Brands, Yonni Assia of eToro, Silvio Micali of Algorand, Richard Teng of Binance, Marieke Flament of Near Foundation and Paolo Ardoino of Tether & Bitfinex unveiled as the first Paris Blockchain Week 2024 speakers.

Emmanuel Fenet, CEO of Paris Blockchain Week, commented on the upcoming 2024 event:

“After the resounding success of our last edition we are already gearing up for the 5th edition of Paris Blockchain Week with unmatched fervor.  This year, we are pushing the boundaries further to curate an unparalleled experience for our attendees. We are dedicated to fostering thought-provoking conversations and offering a platform for the brightest minds to illuminate the path forward in the blockchain space.  From disruptive start-ups to established global giants, our stages will be a melting pot of innovation and inspiration. Mark your calendars for 8-12 April, and join us at the iconic Carrousel du Louvre to witness the future unfold. Let’s shape the blockchain narrative together.”

Denelle Dixon, CEO and Executive Director of Stellar Development Foundation, comments following the 2023 edition:

“So much energy at Paris Blockchain Week, I’m grateful for the chance to share my voice.  Words matter, let’s be mindful of how we describe our work. Our industry’s perception is in our hands. Let’s continue solving real-world challenges.”

Aside from the main agenda, the event will extend into a week-long organisation with a hackathon, a talent fair, the popular Investors and Founders Day, a one-of-a-kind VIP experience and a dedicated corporate programme.

Paris Blockchain Week Hackathon, an integral part of the PBW, will commence between 5-7 April to explore new horizons for the blockchain world. During the weekend preceding the main event, talented coders will have the opportunity to hack, build, and network in an arena sculpted for next-gen blockchain innovation.

The Talent Fair, a dedicated day for talents and employers, is slated for 8 April. It will act as a bridge between key recruiters from the leading crypto, Web3 and digital assets companies and top students, candidates and professionals.

The Investors and Founders Day will bring together investors interested in Web3, blockchain, NFT and metaverse in a dedicated hall at the Carrousel du Louvre on 11 April. The event will provide an opportunity to catch up with Web3 investors and startups, gain valuable market insights into the very latest innovations and hear the industry leader’s feedback.

A world-class VIP experience like no other will take place in the evening of 9th April, starting with a private viewing of the masterpieces wing of the Louvre museum, followed by a spectacular dinner set under the famous pyramid.

Corporates are at the heart of Paris Blockchain Week with a dedicated programme attracting TradFi and corporates from all industries seeking to leverage blockchain & related enabling technologies & business models. The dedicated Corporate Breakfast will be hosted on 10th April.

Paris Blockchain Week 2024 Early Bird tickets are now available until 31st Oct.

The 5th edition is set to attract 10k+ attendees, host 500+ speakers, 400 journalists and 300 partners.

About Paris Blockchain Week

Paris Blockchain Week is a leading organization in the blockchain/web3, dedicated to fostering innovation, collaboration, and knowledge sharing. As the premier event platform, we bring together thought leaders, industry experts, developers, entrepreneurs, investors, regulators, and enthusiasts from around the globe to explore the potential of blockchain technology and its transformative impact on various sectors.

Paris Blockchain Week 2023 was held at the Carrousel du Louvre in March 2023, becoming the biggest blockchain event in Europe, with over 8,500 participants from over 75 countries. (300+ sponsors, 400+  speakers, 400+ journalists and media)

Please visit www.parisblockchainweek.com for more information.

 

Contact

Leora Schreiber
parisblockchainweek@marketacross.com

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Blockchain.com and TON Foundation introduce Toncoin incentive program

Zug, Switzerland, October 18th, 2023, Chainwire

Today, The Open Network Foundation (TON Foundation), the non-profit Swiss organization working towards growing a Web3 ecosystem within Telegram, has announced a collaborative endeavor with Blockchain.com, one of the world’s most trusted and popular platforms for retail customers and institutions to buy, sell, and trade cryptocurrency.

Through this collaboration, Blockchain.com and TON Foundation will make crypto more accessible for the over 800 million monthly active users on Telegram. In September 2023, TON Space, the TON-based self-custody cryptocurrency wallet developed by the team behind Wallet, was made available in the Telegram settings menu for existing users of Wallet outside of the United States.

Starting in November 2023, TON Space will be available by default in the Telegram menu for all Telegram users outside the United States. All existing and new Telegram users, excluding those in the United States, will be able to access their wallets directly from the Telegram menu and enjoy an experience where buying, selling, and trading crypto is as easy as texting.

Toncoin will also be available in Blockchain.com’s 90 million wallets across the globe to facilitate easy onboarding and off-ramping, with transaction pairs for GBP, USD, and EUR. To reinforce their mutual commitment to providing users with best-in-class value, the program includes a limited-time, incentivized campaign for Blockchain.com users to receive an extra $5 USD of Toncoin when they buy $20 USD of Toncoin on the platform.

Separately, yet running in parallel to this incentivization program, TON Foundation will attempt to set a world record for the fastest blockchain on October 31, 2023. This monumental event can be viewed live at live.ton.org, marking a pivotal moment in the blockchain’s history and showcasing the potential of The Open Network.

About TON Foundation

The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.

About The Open Network (TON)

The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions the opportunity to own their digital identity, data, and assets. See more at https://ton.org/.

About Blockchain.com

Blockchain.com is connecting the world to the future of finance. The most trusted and fastest growing global crypto company helps millions across the globe safely access cryptocurrency. Since its inception in 2011, Blockchain.com has earned the trust of more than 90 million wallets and over 40 million verified users, and has facilitated over $1 trillion in crypto transactions. Visit Blockchain.com for more information.

 

Contact

TON Foundation
ton@theagencypartnership.com

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Peter Schiff is wrong about Bitcoin

Peter Schiff, the Chief Market Strategist at Euro Pacific Asset Management, is one of the most respected people in finance. He has been right on so many things in the past, including the pace of interest rates, US government debt, and the ongoing risks in the market. I share most of his concerns.

One area I disagree with Schiff is on his Bitcoin outlook. For a long time, Schiff has advocated against Bitcoin, which he believes that has no value. Instead, Schiff, who also runs a gold company called Schiff Gold, has advocated for gold.

Finally @novogratz got something right about #Bitcoin. He admitted that it’s not bought, but sold. No one needs Bitcoin. So people only buy it after someone else talks them into doing so. Then once they buy, they immediately try to convince others to buy too. It’s like a cult.

— Peter Schiff (@PeterSchiff) October 18, 2023

Gold has done well over years. It has moved from $35 in 1970s to almost $2,000 today and he expects it to continue soaring over the years. He cites the soaring government debt and the rising accumulation by central banks like those in Russia, Turkey, and Chiba.

While gold is a good asset, the reality is that it has not been a good investment in the past decade. Gold has jumped by almost 220% since November 2006 while the S&P 500 index has jumped by almost 400%. Including dividends, the index has done much better.

Bitcoin has also done better than gold by far. While BTC has dropped sharply from its all-time high, it has still beaten gold in the past few years. Bitcoin has risen by almost 400% in the past 5 years while gold is up by just 63%.

Peter Schiff argues that Bitcoin has no real value and that it is only bought by speculators. This is wrong. While there are many speculators in the crypto space, the reality is that many large investors have held it for years. MicroStrategy has held Bitcoin for three years now while the average holding period was over 3 years.

It is also worth noting that gold has no real use in the industrial space. Instead, many buyers do so because it is a store of value. This explains why gold is mostly bought by investors and central banks.

Events of the past few years are a good proof that Bitcoin is a real asset. For one, the coin survived the Mt. Gox collapse, the Covid-19 pandemic, and the current phase of stagflation. It is also surviving when interest rates have jumped to the highest level in 22 years. 

All this means that Bitcoin has real value, which explains why companies like Blackrock and Invesco are seeking to launch an ETF. In a statement this week, Blackrock’s CEO noted that the company was seeing strong demand from international investors.

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Bitcoin ETF may be a ‘limited’ benefit for Coinbase stock: Barclays

Mike Novogratz expects SEC to approve a Spot Bitcoin ETF this year.
Barclays analyst does not expect that to be a huge benefit for Coinbase.
Coinbase stock is currently down over 30% versus its year-to-date high.

Mike Novogratz – the Chief Executive of Galaxy Investment Partners expects the Securities & Exchange Commission to approve a Spot Bitcoin ETF by the end of this year.

Here’s what Mike Novogratz said today on CNBC

Last week, the U.S. regulator refrained from appealing a court’s ruling that said it did not have sufficient reason to block Grayscale from converting its flagship trust to an exchange-traded fund.

Note that Galaxy itself has filed for a Spot Bitcoin ETF in collaboration with Invesco. On CNBC’s “Squawk Box”, Novogratz said today:

Dialogue with SEC is heading in right direction. It is no longer talking how Bitcoin works. It’s just a recognised macro asset and that’s a huge psychological shift.

The billionaire investor expects a positive news on the ETF front to lead the market higher. Still, Barclays is not entirely convinced that it will be a material catalyst for Coinbase Global Inc.

Barclays analyst shares his view on Coinbase stock

Analyst Benjamin Budish told clients in a research note today on Wednesday that approval of a Spot Bitcoin ETF will likely be a “limited” benefit for Coinbase.

It is not clear how successful ETF launches would translate into a meaningful P&L benefit for Coinbase despite it being an integral service provider.

He agreed that the Nasdaq-listed firm will serve as custodian for four BTC exchange-traded funds (at least) but said it is unlikely to earn significant custodial and prime brokerage fees.

Barclays has an “underweight” rating on Coinbase stock with a price target of $70 that suggests another 6.0% downside from here. Earlier this week, Cathie Wood – the Founder of Ark Invest also took a positive tone on a Spot Bitcoin ETF approval.

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SYS Labs unveils Rollux Phase 2 with advanced DeFi tools backed by Bitcoin

SYS Labs has unveiled Rollux Phase 2, supercharging DeFi with Bitcoin support.
Rollux offers a comprehensive suite of DeFi tools and privacy-focused SuperDapp.
Syscoin’s architecture and UTXO Bridge boost Web3 scalability and interoperability.

SYS Labs, the driving force behind Rollux, has announced the launch of Rollux Phase 2, introducing a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin.

This development represents a significant leap in the DeFi universe, enhancing the Web3 ecosystem’s performance and inclusivity.

The Rollux Phase 2

Rollux Phase 2 signifies a quantum leap in the DeFi universe, marked by innovation and inclusivity. SYS Labs’ commitment to enhancing the Web3 ecosystem, bolstered by Bitcoin’s security and Syscoin’s data availability solution, continues to drive the evolution of blockchain technology and decentralized finance.

Rollux, an EVM Layer-2 solution, harnesses the strength of Bitcoin’s mining network to optimize Ethereum network applications. It powers SuperDapp, a groundbreaking platform that seamlessly blends AI, messaging, video calls, a non-custodial crypto wallet, and a developer marketplace.

SuperDapp offers users a secure and private environment for online interactions, enriching the Rollux ecosystem.

Rollux unveils a comprehensive set of DeFi tools and services in the second phase, addressing the blockchain trilemma – speed, scalability, and affordability.

With features like a ZK-lite client, cross-chain bridges, decentralized exchanges (DEXs), liquidity protocols, yield aggregators, and a launchpad, Rollux is poised to lay the foundation for a robust Web3 ecosystem.

Rollux’s strong foundation includes Syscoin’s dual Layer-1 architecture, featuring both a native UTXO chain and an NEVM chain. The newly introduced UTXO Bridge streamlines migration to Rollux’s EVM Layer 2, bridging the gap between UTXO and Layer 2 as per popular demand.

Rollux has also expanded its suite of Web3 applications and services to include Pegasys DeFi exchange, Luxy NFT Platform, Pali Wallet (available in web and mobile versions), DAOSYS, and Camada, a non-custodial, regulatory-compliant crypto trading platform. The ecosystem is further enriched by Chainge cross-chain aggregated DEX, Agave DeFi lending protocol, Gamma liquidity protocol, Nexter prediction market, GoRollux launchpad, Beefy yield aggregator, and LayerSwap – the first bridge allowing direct and instant transfers from centralized exchanges to blockchains.

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Memeinator leads a meme crypto revolution amid a 132% ROI on presale

Memeinator will return by 132% during its 29 presale stages

The project has utility in AI, staking, Web 3.0 gaming, and NFTs

Memeinator could replicate meme gains, with about a 1,000% surge in potential

What’s the future of meme cryptocurrencies? Undeniably, the meme coin sector has exponentially grown from a market cap of $0 in 2020. In August 2023, cumulative trading of meme tokens peaked at $36 billion. However, the meme sector has not been without controversies. Parody and fake projects have been a thorn to investors. Memeinator promises to clean the sector using cutting-edge AI technology. The project’s token has been on presale, with investors buying over $748,130 in less than 3 weeks.

Is Memeinator the best meme crypto project of 2023?

It is still too early to speculate whether Memeinator will be the best meme coin of 2023. However, there are suggestions it could be the most attractive project.

First, Memeinator is the first of its kind in the meme space. The project’s mission is to destroy pathetic and non-original memes. Memeinator relies on AI capabilities to crawl the web and find weak memes. The aim is to wipe them and only allow the strong ones to survive. The unique utility has made Memeinator the talk of the meme industry, gaining traction and fueling its presale.

Memeinator’s strengths also lie in its genius marketing activities. The team will invest heavily in branding to generate an online frenzy and boost the token’s price. The idea is to dominate the meme crypto space to reach a $1 billion market cap.

The tokenomics also position Memeinator as one of the most attractive tokens of 2023. By the end of a 29-stage presale, which kicked on September 27, the token’s value will have risen by 132%. Investors who bought at its initial $0.01 will be rewarded with tokens worth $0.0485. The return could be one of the highest in crypto at a time when the market is reeling from a bear market.

What factors will drive Memeinator’s price?

The most significant factor that could drive Memeinator price is the AI use. Analysts have earmarked AI as the next iteration, with blockchain as one of the key beneficiaries. Memeinator understands this transformation and is positioning itself for the future. 

Memeinator is also backed by a resistance community of like-minded users. The users, “meme killers,” are spread through the platform’s social pages. Within 20 minutes of the project’s site going live, over 5,000 people joined its Twitter and Telegram pages. Memeinator will bank on the community to hype the project and keep it on its toes to domination.

While the speculation on Memeinator will be a key price driver, future sustainability will depend on utility. To achieve this goal, Memeiantor has several projects lined up. One is a staking feature that will let the community allocate some tokens to the platform for a reward. Staking will unlock liquidity and protect MMTR from downsides when market dynamics are against it. 

Memeinator also gears to launch a game at the end of the presale. Like other Web 3.0 games, this will be crucial to keeping an engaged community and raising MMTR demand. There are also exclusive NFTs, initially for presale buyers, that will unlock MMTR value.

Should you buy Memeinator?

Memeinator carries considerable potential owing to its unique utility and use cases. After achieving a flying start, a gain of 1,000% shouldn’t be wished away. The gains reflect the momentums that meme cryptocurrencies have posted in the past.

Further surges in the price are possible as Memeinator gains worldwide recognition. The team plans to build a worldwide following and eyes listing on tier 1 exchanges. A global footprint will increase not only the speculative but also the utility value of Memeinator. The potential makes MMTR a worthy inclusion on investors’ bucket list.

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Shiba Memu’s investment gold rush as the countdown to presale close begins

Shiba Memu presale is nearing its conclusion, with 13 days left.

The price of Shiba Memu has increased consistently each day on presale.

The value of Shiba Memu could be unlocked from post-listing liquidity in Q3 2023.

With millions raised in presale, investors hold high hopes for a new token sensation, Shiba Memu. The meme token has enjoyed a stellar presale, with daily price increases the icing on the cake. Now, FOMO could be gripping investors, as increased buying takes the presale to almost $4 million raised. The presale is on a 13-day countdown to close, after which the token could rise massively on the listing.

About Shiba Memu presale

Shiba Memu (SHMU) opened its presale in July, initially set to be an 8-week process. However, high demand and investor requests prompted the team to extend the presale by another 60 days. The extended presale concludes on October 31st, paving the way for the next step, listing.

Since launching the presale, Shiba Memu has generated value for its early backers. From an initial price of $0.011125, the token is now valued at $0.034750. The gains have been made possible by the project tokenomics. The tokenomics allow the Shiba Memu price to increase automatically daily at 6 PM GMT. The price is expected to rise further within the 13-day window to the end of the presale. 

Once the presale ends, Shiba Memu will be listed on major centralised exchanges. The team has earmarked the last quarter of 2023 as the time for listing. Debuting on the best exchanges is expected to unlock utility and facilitate the price discovery for Shiba Memu.

Why has Shiba Memu attracted such a high demand?

The speculative value of Shiba Memu is huge, considering the amounts raised in presale. This is one of the critical ingredients of meme cryptocurrencies, as their value is driven mainly by hype. However, Shiba Memu’s ability to convince investors of its market potential has got many talking.

Boosting cutting-edge AI technology, Shiba Memu aspires to be a leader in the meme sector. The project uses AI to self-promote on social forums and dominate online chatter. Shiba Memu can write its own social copy and marketing materials using AI. It then self-publishes the content across social media platforms to gain traction.

The AI and marketing prowess make Shiba Memu an ingenious and highly sustainable project. It doesn’t depend on temporary social media hypes to dominate. With this capability, Shiba Memu has been hailed as one of the most innovative meme projects. Investors also earn yields from staking, which lets them commit some tokens to the project’s growth.

Shiba Memu also taps into the power of a dedicated community to achieve success. The project team has allocated 85% of its 1,000,000 tokens in supply for the presale. Once the project is launched, Shiba Memu will engage its community through an AI dashboard. Users can channel their market insights into conversations through the dashboard. They can query the AI and get up-to-date answers on marketing strategies and advertising trends.

Is Shiba Memu worth buying in the presale?

Meme cryptocurrencies always generate FOMO due to the ability to return massively after listing. Reflecting on some of the top meme coins like PEPE, gains have exceeded 10,000%. Others, like meme leader Dogecoin, have hit a market cap that justifiably puts them on the top ten list. 

Shiba Memu carries the same potential owing to the early demand and investor enthusiasm. Investors could see a potential 10x gain or higher if the token replicates the returns of its meme peers.

Shiba Memu is only on a presale, and post-listing gains could be a little distant. The presale has 13 more days to run, with gains made each day. Investing in the presale is advantageous in maximising organic profits. Presale backers will also carry a better chance of riding an uptrend once the token is listed. 

The post Shiba Memu’s investment gold rush as the countdown to presale close begins appeared first on CoinJournal.

Top cryptos to surge this October: Bitcoin Cash, BorroeFinance, and Uniswap

Bitcoin Cash has surprised everyone with $BCH’s strong rally in a bearish September.

Elsewhere, the Uniswap community is expecting big things as they prepare to vote on a new $62 million request. Another project that leaves no doubt in investors’ minds is BorroeFinance ($ROE)

BorroeFinance presale has already sold over 100 million tokens. So, the question is, can $ROE become a top ICO project in 2023? More so, what can you expect on $BCH and $UNI this year? Well, let’s see what the experts say.

Uniswap to upgrade with $62 million funding request

On September 27, 2023, a proposal was introduced to release $62 million to the Uniswap Foundation. The proposal will be voted on by Uniswap’s ($UNI) community on October 4. If approved, the funds will be used for research and development operations on Uniswap ($UNI).

Plans to upgrade Uniswap are expected to pull $UNI out of its current market stagnation. $UNI was trading at $4.26 after the market slump on September 1. Yet, $UNI had fallen slightly by 0.4% to $4.24 on September 27, after its new funding proposal.

Some developers claim the funding will be used to develop the upcoming Uniswap V4. They also claim that Uniswap Foundation has already received $17.3 million for its V4 upgrade. If Uniswap’s ($UNI) developments go as planned, $UNI could rise above $4.8. Currently trading at 3.86. UNI touched 4.2 briefly on 16th October.

Bitcoin Cash growing despite widespread bearishness

On September 1, 2023, the crypto market entered a bear run that has affected most projects. Bitcoin Cash ($BCH) and other top altcoins lost positive investor sentiment as the market tanked. The market decline that affected Bitcoin Cash ($BCH) was caused by delays in spot Bitcoin ETF applications although many believe the approval is imminent.

Yet, Bitcoin Cash’s $BCH token has risen impressively. After the market slump on September 1, $BCH was trading at $199.63. Moreover, $BCH has risen by 13.6% to $225.87 as of October 17. $BCH’s rise could be due to the rising demand for Bitcoin Cash’s services. 

On June 27, Bitcoin Cash ($BCH) was listed on EDX Markets, owned by Citadel Investments and other institutional asset managers. Analysts say Bitcoin Cash’s popularity could push $BCH up to $241.53. As a result, Bitcoin Cash’s expected positive market performance could make it a good crypto to buy now.

BorroeFinance leveraging community financing to power Web3 growth

Access to quick and efficient capital-raising opportunities is powerful. Yet, only a few Web3 companies can boast of such access. Rather, many Web3 companies struggle to find short-term capital needed to manage daily operations.

Thankfully, BorroeFinance is coming to change that narrative. The platform has a technology-based approach to solving the cash crunches that regularly affect Web 3 businesses. To help businesses get funding on time and efficiently, BorroeFinance leverages community lending.

The platform allows the buying and selling of invoices in exchange for speedy loans. Moreover, BorroeFinance ($ROE) stands out for its speed and efficiency. The platform offers loan approvals of 1 hour or less. Furthermore, it uses AI to check a user’s creditworthiness. This further automates the process and results in more efficient lending.

Benefits of joining BorroeFinance ($ROE) include discounts on invoice offers and platform fees. Users also enjoy advanced analytics that helps them find more profitable opportunities. Many investors have rushed to capitalize on these benefits. 

As investors rush to have a stake in the BorroeFinance project, its native token ROE has seen a 50% growth from its initial value of $0.0100 to $0.0150 since its presale started. The project is currently in Stage 2 of the presale. 

When its presale officially ends, $ROE is expected to have grown by another 167% to reach $0.0400. 

To learn more about BorroeFinance ($ROE) visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter.

The post Top cryptos to surge this October: Bitcoin Cash, BorroeFinance, and Uniswap appeared first on CoinJournal.


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