Day: November 16, 2023

Aave rebrands into Avara and acquires Family Wallet

Aave Companies rebrands and diversifies its portfolio.
The rebranding and acquisition underscore a pivotal moment for the company.
This marks a strategic shift towards a more expansive and inclusive web3 future.

In a strategic move to solidify its position in the web3 landscape, Aave Companies has undergone a significant transformation, rebranding itself as Avara.

The founder, Stani Kulechov, indicated that this marks the final name change for the company, emphasizing a focused and definitive shift in its identity.

Avara’s robust portfolio

Under the Avara umbrella, the company oversees a diverse portfolio of entities, including the renowned Aave Protocol, Aave Labs, stablecoin GHO, and the decentralized social network protocol Lens. With approximately $8.66 billion in liquidity locked across various networks and markets, Aave’s impact in the decentralized finance (DeFi) space remains substantial.

Aave Protocol, which will continue under the Aave Labs brand within Avara, maintains an estimated total value locked (TVL) of $9.2 billion on Ethereum. The protocol spans Aave V2 and the newer Aave V3, showcasing Aave’s evolution and adaptability in the rapidly evolving blockchain space.

The strategic Family Wallet acquisition

As part of its commitment to broadening its reach, Avara has strategically acquired Los Feliz Engineering (LFE), the development team behind the Ethereum-based crypto wallet, Family. This move serves a dual purpose: expanding Avara’s influence in the web3 space and providing users with a user-friendly gateway to interact with decentralized applications.

The Family crypto wallet, currently in beta, will play a pivotal role in Avara’s mission to enable users to seamlessly enter the web3 ecosystem. Benji Taylor, the founder of LFE, will assume the role of senior vice president of product and design within Avara, ensuring the continuity and enhancement of the Family wallet’s unique features.

This acquisition follows Avara’s previous move in December 2022, where it acquired Sonar, a metaverse mobile application, signalling the company’s commitment to a broader vision beyond the realm of DeFi.

The post Aave rebrands into Avara and acquires Family Wallet appeared first on CoinJournal.

Celestia pauses upside after stellar week – $TIA price outlook

Celestia (TIA) price was down 10% in the past 24 hours on Thursday afternoon.
While it traded near $5.68, the decline from the all-time high of $6.40 reached on November 15 threatens a dip to $5.00 or lower.

The price of Celestia (TIA) was down 10% on Thursday afternoon, trading near $5.68 as it retreated from the all-time high of $6.40 reached on November 15. Despite the declines seen over the past 24 hours, $TIA was still more than 130% up on the weekly chart.

But after its stellar performance that drew firepower from its listing on the global crypto exchange Binance, is Celestia due for a breather? Or are bulls not done yet?

What is Celestia?

Celestia is a modular blockchain network whose technology has catalysed most of the optimism currently engulfing its native token. The network decouples the consensus and application execution layers, thereby modularizing the blockchain technology stack to open up the developer possibilities available to decentralized application builders.

Having launched its mainnet just recently, Celestia is thus not as established in terms of users and other network metrics as the industry heavyweight Arbitrum, or would-be competitor NEAR. 

According to Mintscan, Celestia has processed just under 520,000 transactions and has 166 validators, with 100 active.

Celestia price outlook – what next for $TIA?

Speculation pushed the price of $TIA higher after the Binance listing. TIA is also on OKX, while Bitget was among the first to list this token.

Celestia TIA price chart. Source: TradingView

However, with the buzz around the token seeing a significant dip, its likely bulls might rely on psychological support to $5.50 and $5.00 before attempting to reestablish control.

If this happens amid a broader market upside, it’s possible the $TIA price could target the $10 level by the end of the year.

A bull market scenario and greater network growth for the cryptocurrency could see price discovery catapult the token’s price higher. On the flipside, breakdown below $5.00 could welcome a bearish retest of the area around $4.00 and likely $3.25.

The post Celestia pauses upside after stellar week – $TIA price outlook appeared first on CoinJournal.

zkLink launches Nexus, a Layer-3 solution for seamless Ethereum Layer-2 integration

zkLink has unveiled Nexus, a Layer-3 platform for seamless Ethereum Layer-2 integration.
Nexus ensures security with zk-SNARKs, adaptive liquidity rebalancing, and a unified SDK for easy dApp deployment.
Nexus was unveiled at the Layer-3 Summit during Devconnect in Istanbul, Turkey.

Blockchain solutions developer zkLink has unveiled Nexus, a groundbreaking Layer-3 (L3) platform designed to enhance the Ethereum ecosystem’s scalability, reduce gas costs, and provide unparalleled customizability for decentralized applications (dApps).

This development addresses the persistent challenge of liquidity fragmentation within different zk-Rollup Layer-2 (L2) ecosystems.

Bridging the gap in Layer-2 ecosystems

Nexus serves as a vital infrastructure layer, offering a unified trading layer for Ethereum’s Layer-2 protocols. Developed to seamlessly integrate with popular L2 solutions like zkSync, StarkNet, and Polygon zkEVM, the platform allows dApp developers to deploy their products across multiple Layer-2 protocols effortlessly. This eliminates the need for separate integrations, simplifying the process for developers.

Nexus boasts features such as security inherited from Ethereum through zk-SNARKs, adaptive liquidity rebalancing, and a developer-friendly interface with a unified software development kit (SDK). The platform introduces cross-L3 composability, enabling token transfers between different zkLink Rollup instances. Noteworthy is the efficient proof systems without a trusted setup, ensuring faster and more cost-effective solutions.

zkLink specializes in zero-knowledge powered blockchain solutions, with its flagship Layer-3 platform, Nexus, designed to address liquidity fragmentation, enhance security, and improve scalability in the Ethereum ecosystem.

As developers continue to seek efficient and customizable solutions for decentralized applications, Nexus emerges as a significant player in bridging the gap among different Layer-2 ecosystems.

The post zkLink launches Nexus, a Layer-3 solution for seamless Ethereum Layer-2 integration appeared first on CoinJournal.

Memeinator presale closes $1.4 million as analyst makes a bold Bitcoin prediction

Investors have bought $1.4 million of Memeinator tokens up to the 6th presale stage. 

The presale could get boosts from an improved crypto sentiment.

Memeinator will deliver 132% presale gains and a potential 10x gain on the listing.

Memeinator, an upcoming meme crypto project, has generated over $1.4 million ahead of stage 7. Since initiating a presale, Memeinator has been in demand, building on its promise of weak meme destruction. The use case has increased speculations that Memeinator is set for a robust price jump. The presale also coincides with an improved crypto sentiment that saw Bitcoin rise to near the $38,000 mark. But what does this mean to Memeinator?

Bitcoin could rise to $45,000 – DeFi Research founder 

Markus Thielen, the founder of DeFi Research, expects Bitcoin to maintain its strengths into year-end. According to the analyst, Bitcoin could reach between $40,000 and $45,000. Thielen says a dovish Fed will boost Bitcoin, even as U.S. inflation cooled down last month. 

The analyst also expects options market positioning to be a bullish catalyst. This happens even as the demand for derivatives and call options rises. The demand for call options is a bullish indicator. Thielen notes that there are huge options that expire on November 24 and December 29. The options have $3.7 billion and $5.4 billion open interests outstanding.

Potential gains in Bitcoin boost the overall crypto mood. Altcoins are following the price of Bitcoin. Dogecoin, the leading meme, rose by more than 6% on Thursday, reinforcing the bullish sentiment. The improving sentiment makes new projects like Memeinator attractive as investors shift to risky bets.

Memeinator: A meme crypto seeking to destroy weak rivals

Memeinator is the first crypto project to use a meme-targeting system. The project deploys cutting-edge AI technology to find weak, pathetic, and non-original memes. It then destroys them, leaving only the quality projects.

The emergence of Memeinator responds to an uncontrolled growth of meme tokens. These tokens have failed to give investors value for their money as they are unsustainable. Others are fake tokens that scam investors. 

By taking on the weak memes, Memeinator aims to generate online frenzy and social chatter. The project also invests in heavy branding and marketing to earn popularity. The Memeinator team believes the crucial role will enable the token to hit a market cap of over $1 billion.

Is Memeinator attractive?

Cryptocurrencies, in general, have shown that they deserve the same accolades as any other asset class. In fact, average gains in these assets exceed those of other sectors, such as stocks. It means any quality project can potentially generate high returns for investors.

Memeinator comes into the market when AI is growing in use, and investors are seeking quality investments. This means the project can gain popularity and market value quickly. From a speculative point of view, the token could return by up to 10x, a trend set among meme peers.

In the future, Memeinator aims to derive value from other use cases. These include a game set to be launched after the presale and staking. The team also eyes exclusive NFTs for its community. The use cases increase the strength of Memeinator and could unlock the value of the token.

Should you invest in the Memeinator presale?

Memeinator delivers an attractive 132% ROI throughout its presale. The gains are made possible by the project’s tokenomics, which lets MMTR increase in value at every stage. The presale occurs in 29 stages but is now in the 6th stage. As such, presale buyers have the potential to buy the token and enjoy early gains before listing.

Memeinator’s projected gains will also benefit presale buyers. Tokens, especially memes, generate high liquidity and speculation after listing. Presale buyers have an advantage in capturing early price moves when the token is listed. To learn more about the presale, investors can visit the project’s webpage.

The post Memeinator presale closes $1.4 million as analyst makes a bold Bitcoin prediction appeared first on CoinJournal.

Is Shiba Memu the next meme leader as the sector remains subdued?

Shiba Memu uses AI to self-market itself and become a sustainable meme.

Leading memes have posted unsustainable gains in the past.

Shiba Memu could become a market leader due to AI use.

Dogecoin and Shiba Inu, the leading meme tokens, are enjoying gains on improved crypto sentiment. However, both cryptocurrencies remain a shell of their former self. Shiba Inu’s price of $0.00000866 is just a tip of its record $0.00009. Dogecoin has failed to live up to its big hype despite holding its 9th position as the most valued crypto. Does this signal the market is yearning for a new meme project? Perhaps it could be time for Shiba Memu (SHMU) to show what it can offer apart from its beaten-down peers. 

What is Shiba Memu’s value proposition?

Investors have not yet thrown the towel on meme investments. The meme sector has grown to over $20 billion in market value from a value of $0 in 2020. However, it has been clear that the market has been yearning for a sustainable meme project. 

Shiba Memu is coined from the depths of AI for sustainability. Using AI solves a fundamental meme problem: the lack of sustainability. For memes such as Dogecoin and Shiba Memu, growth has been enabled by word of mouth and mentions. 

Shiba Memu changes the story of meme tokens by utilising AI to self-market itself, learn, and improve. Using AI features such as sentiment analysis, Shiba Memu can detect adverse publicity and work to correct it. The project also learns from successful marketing interventions 24/7. With AI, Shiba Memu can sustain FOMO and token gains, delivering high ROI to investors.

What is Shiba Memu’s opportunity?

An opportunity exists for Shiba Memu to overcome sector woes and deliver a profitable investment. A high speculative value for the token is likely, considering the overwhelming presale. As the meme sector grows and AI strengthens, Shiba Memu could occupy a formidable position in the sector. 

Investors will also look at Shiba Memu with optimism, given its pacesetters such as PEPE. Earlier this year, PEPE debuted with a thud, generating over 10,000% returns. Owing to this experience, investors may seek similar returns from Shiba Memu. The sentiment is likely to increase speculations and help the price of Shiba Memu to skyrocket.

The social engagement features of Shiba Memu are an advantage to the future token demand. The project has an AI dashboard, a platform where users can query the AI and give suggestions. This is a unique way to enable Shiba Memu to build an engaged community and increase credibility. 

About Shiba Memu presale

Shiba Memu opened its presale a couple of weeks ago, witnessing a high demand. The team extended the presale to allow more investors to get on board. The presale closes in 43 days, upon which the token will be listed on the best exchanges

The team has been intentional about Shiba Memu token prices in presale to give early backers an advantage. The price increases daily at 6 PM GMT. From the starting price of $0.011125, SHMU is now valued at $0.041275, nearly four times its initial value. So far, investors have bought over $4.52 million worth of SHMU, enjoying great value from the persistent gains.

The final verdict on Shiba Memu

While it could be too early to speculate if Shiba Memu will dethrone its elder rivals, signs are positive. A robust presale demand underlines Shiba Memu as a quality project.

The future potential is huge, and Shiba Memu may gain a huge market cap to justify its novel role. From here, Shiba Memu may fight for a top spot as AI use makes the project self-inventive. 

To occupy a top position, Shiba Memu must also rise strongly and replicate the gains of its predecessors. A 10x increase is a possibility, but intensified use is needed to extend the gains to 50x or more. The prediction is speculative and attainable, and time will tell if Shiba Memu lives to the expectation.

The post Is Shiba Memu the next meme leader as the sector remains subdued? appeared first on CoinJournal.

Bitget lists Neutron (NTRN) in the Innovation Zone and Cosmos Ecosystem Zone

Victoria, Seychelles, November 15th, 2023, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has listed the leading smart contracts platform Neutron in its Innovation Zone and Cosmos Ecosystem Zone. Bitget users can now trade Neutron’s native token NTRN on spot and grid trading via NTRN/USDT trading pairs. The deposits are opened and withdrawals will be available after 16th November 2023, 7 AM (UTC).

The listing of Neutron aligns with Bitget’s plans of listing various interoperable blockchain-based platforms. Neutron-based on Cosmos hub blockchain functions with an interchain technology delivering minimal overhead. Neutron is a secure permission-less smart contract platform for Interchain DeFi. It enables developers to launch smart-contracts based applications. This can be scaled across the Interchain, a network of 50+ blockchains connected.

The platform is powered by Tendermint, which enables developers to easily query smart contracts, transact and manage accounts in remote zones directly from Neutron. Secured by 190M+ staked ATOMs (Cosmos native token), Neutron stands as a secure CosmWasm platform.

“The future of crypto is interoperable and multi-chained. Our innovation zone listings are based on high-potential projects that project market growth within this sector. With the initial listings of over 250+ tokens in the first three quarters this year, we’re constantly expanding our offerings to easily access newer crypto projects,” says Gracy Chen, Managing Director at Bitget.

The listing of a wider range of protocol-based projects in Bitget’s innovation zone makes it easier for users to dive into the initial launch phases of the innovative token ecosystem. This includes more upcoming high-potential crypto projects.

Designed for the trading of new token offerings, the innovation zone is mainly for trending tokens (initial) listing, a 60-day valuation period is given for all the newly listed pairs in the zone. The newly listed tokens will be regularly reviewed to ensure that the token adheres to Bitget’s platform standards, including trading volume, liquidity, the team, project development, and other criteria to keep the listing status active.

In November 2023, Bitget added over 20 new tokens, making the count of total tokens on platform 650+ which are now available to trade on spot and other products. Bitget users can buy trending and newly listed tokens such as NTRN with debit/credit card, bank transfers and other multi-currency payment methods.

For more information, please visit the official announcement.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

 

Contact

Public Relations
Simran
Bitget
media@bitget.com

The post Bitget lists Neutron (NTRN) in the Innovation Zone and Cosmos Ecosystem Zone appeared first on CoinJournal.

Shiba Inu’s Shibarium hits new milestone, Solana whale moves $11M, Everlodge price rises 150%

Shiba Inu’s Shibarium has achieved a significant milestone. Also, a large Solana whale has transferred $11 million. Could a major token dump be coming? Meanwhile, Everlodge’s presale has gained momentum as more investors move to stockpile more tokens.

Shiba Inu (SHIB) shibarium sees increased adoption

Shibarium, Shiba Inu’s L2 blockchain, has experienced a massive increase in activity, as reported by Shibariumscan. The number of daily new contracts created on the network has surged by 3,000%. This shows an increase in adoption from users. 

The price of the Shiba Inu coin shot up to $0.00000863 on November 9th. In the last 30 days and the last 7 days, the price has risen by 23.9% and 8.5%, respectively. Furthermore, the technical indications for the Shiba Inu suggest that the positive momentum will persist. As a result, the price prognosis for the Shiba Inu suggests a positive trend movement to recover the 2021 highs.  

Bulls in Shiba Inu tokens are preparing for a retest of the $0.000010 price point. Analysts predict that as long as Shibarium growth and Shiba Inu burn continue, Shiba Inu’s value will increase. Analysts have forecasted that Shiba Inu’s value will soar as Shibarium growth and Shiba Inu burn continues.

Solana (SOL) surges 100% despite whale transfer

Over the past month, the Solana coin has experienced an impressive rally, surging by over 100.8%. As a result, Solana’s value climbed from $43 to $44.80 on November 9th.  Looking at the monthly price chart, we can see that Solana reached as high as $47 recently. 

This significant rise in value has also strengthened Solana’s position in the cryptocurrency market. According to CoinMarketCap, Solana’s market cap has increased to $18.8 billion and ranked the 7th largest token.

Meanwhile, data from Whale Alert revealed that a whale moved $11 million worth of Solana to Binance. This could be a sign of a huge dump which could affect Solana’s value. Still, Solana’s price prediction of $50 remained bullish as confirmed by its technical indicators.

Investors stockpiling Everlodge (ELDG) tokens 

Shiba Inu and Solana are not the only cryptocurrencies showing growth potential. Everlodge has also drawn the attention of analysts and investors. Investors are increasing their holdings ahead of a price surge. Everlodge is a blockchain real estate marketplace that aims to revolutionize how people trade in the real estate market.

Traditionally, properties have been costly. Investors are usually required to have millions of dollars in capital.  This has limited access to the wealthy elite. Luckily, Everlodge plans to change that by making real estate accessible to anyone. They plan to turn properties into NFTs and then split them into smaller parts. By so doing, anyone can buy a piece of property for just $100. 

Hey, Lodgers! 🏡

Do you know? 🤔
With $ELDG, enjoy the warmth of passive income, monthly surprises, and exclusive club access.
Plus, who can resist sweet discounts?

Dive into a token that feels like home. 💙

Join the presale: https://t.co/kIufYkD05d#Presale pic.twitter.com/9yzt5hZhul

— Everlodge (@EverlodgeHQ) September 26, 2023

Members of Everlodge’s Rewards Club can enjoy complimentary stays at various properties and hotels. Extra free nights can even be sold on the Everlodge marketplace. Furthermore, safety is a top priority for Everlodge. To ensure this, they have decided to lock their team’s tokens for 2 years and their liquidity for 8 years.

Additionally, they have had InterFi Network and BlockAudit audit their platform’s smart contract for added security. Currently, one Everlodge token is priced at $0.025, making it an affordable option. 

For more information about the Everlodge (ELDG) presale, you can visit their website here.

The post Shiba Inu’s Shibarium hits new milestone, Solana whale moves $11M, Everlodge price rises 150% appeared first on CoinJournal.

BUIDL for Web3 Summit 2023 set to elevate India’s blockchain landscape

Lumos Labs and Buidlers Tribe announce BUIDL for Web3 Summit 2023 on Dec 4 in Bengaluru.
The summit features web3 visionaries, a startup pitch competition with $100,000 funding, and a Web3 Job Fair.
With 500+ registrations, the event shapes India’s blockchain future, fostering collaboration and innovation in web3.

In a significant move toward shaping the future of India’s blockchain landscape, Lumos Labs and Buidlers Tribe are gearing up for the BUIDL for Web3 Summit 2023, organized by Bitget.

Scheduled for December 4, 2023, in Bengaluru, this one-day event aims to usher in the collective web3 diaspora, providing a platform for collaboration, innovation, and growth in the dynamic world of web3 and blockchain technology.

Summit to feature key visionaries in the web3 space 

The summit boasts an impressive lineup of key visionaries in the web3 space, including Sandeep Nailwal (Polygon), Sandy Peng (Scroll), Mo Shaikh (Aptos), Tomasz Stańczak (Nethermind and Flashbots), Jason Goldberg (Airstack.XYZ), and Rohit Goyal (JEDISWAP, Mudrex).

These leaders will share exclusive insights into the world of true decentralization and the crucial role that the collaborative spirit of web3 plays in achieving this vision.

Startup pitch competition and job fair

Bitget’s BUIDL.so SPOTLIGHT, under the Blockchain For Youth (B4Y) initiative, will host a startup pitch competition at the summit.

The top 10 shortlisted startups will have the opportunity to showcase their products live in the presence of industry pioneers, leading experts, venture capitalists, investors, and other startups and developers. High-potential startups stand to secure funding of up to $100,000 USD, subject to due diligence and investment thesis fit.

Additionally, the BUIDL for Web3 Summit 2023 will feature an exclusive Web3 Job Fair with over 50+ job listings from major web3 firms. This fair caters to both technical and non-technical roles, including business development, developers, marketers, developer relations, and community builders. Selected applicants will get the chance to meet hiring companies, facilitating a fair hiring process and personal connections within the industry.

With over 500 registrations already, the BUIDL for Web3 Summit 2023 is poised to be one of India’s premier blockchain events, kickstarting the much-anticipated India Blockchain Week. The summit reflects the growing popularity and adoption of web3 and crypto among Indian youth, further accelerating innovations in the web3 sector.

The post BUIDL for Web3 Summit 2023 set to elevate India’s blockchain landscape appeared first on CoinJournal.


Verified by MonsterInsights