Month: December 2023

Worldcoin price spikes amid expansion in Singapore

WLD price up 10% as Worldcoin opens verification in Singapore.
Worldcoin has also seen its World ID-compatible wallet surpass 5 million users and 30 million transactions.
Worldcoin price rose to a new all-time high of $4.69 on December 17.

Worldcoin (WLD) has increased by more than 10% in the past 24 hours, hitting highs of $3.96 as bulls attempt to reclaim the $4.00 area. WLD was changing hands around $3.81 with gains over the past 30 days at 55%.

According to CoinGecko data, the WLD price at the time of writing was about 18% from the ATH of $4.69 reached on December 17.

Worldcoin expansion continues with Singapore launch

The latest upside for WLD comes after the recent World ID 2.0 launch and the open sourcing of the Worldcoin iris recognition pipeline. World ID 2.0 introduced Apps, allowing for integrations with the likes of Reddit, Shopify, and Telegram for online accounts verification.

On December 27, Worldcoin announced that its World ID verification was now open for the public in Singapore. The announcement highlighted the project’s continued expansion across Asia, Europe and South America. Worldcoin revealed over 200,000 Chileans signed up for World ID after the project’s launch in the country. 

Orb verifications were however recently halted in Brazil, to add to hurdles faced in Kenya, Germany and France. But while Worldcoin still faces regulatory scrutiny across various jurisdictions around the world, its growth metrics are positive.

Notably, the blockchain platform’s wallet World App has crossed the 5 million user mark. By mid-December, Worldcoin’s weekly active users count was 1 million. 

The project, which launched in July, has also seen over 30 million transactions and counts 350,000 active daily users.

The post Worldcoin price spikes amid expansion in Singapore appeared first on CoinJournal.

JPMorgan named AP in final Bitcoin ETF filings; Pullix traction hits $2M milestone

Bitcoin ETF applicants submit S-1 filings as euphoric market pours into Pullix presale
JPMorgan, Jane Street named brokers in Bitcoin ETF S-1 filings.
Pullix presale has attracted more than $2 million just weeks after its launch.

The countdown to the first spot Bitcoin exchange-traded fund (ETF) approved for the US market is now down to just days. This is after BlackRock, Valkyrie, Fidelity and several other applicants submitted their final S-1 amendments on deadline day Friday, December 29.

Elsewhere in the market, a market bullish on crypto going into 2024 has poured into the presale of new hybrid exchange Pullix.

JPMorgan, Jane Street named APs in final Bitcoin ETF filings

A proper countdown for a spot Bitcoin ETF approval by the SEC has been on for months. For most analysts, Grayscale’s legal victory against the regulator marked the turning point. Now consensus is the SEC will approve the first batch of spot Bitcoin ETFs early January – probably before or around January 10.

Yesterday, that countdown appeared to accelerate as most of the firms looking to offer spot Bitcoin ETFs filed their final amendments.

BlackRock, Van Eck, ARK 21 Shares, Invesco Galaxy, Valkyrie, Fidelity, Bitwise, and WisdomTree all trooped in on Friday. Among noticeable details in the filings was the naming of authorised participants (APs) and fees.

For instance, BlackRock and Valkyrie filed updated S-1 filings that named JPMorgan and Jane Street as its authorised participants. Valkyrie disclosed it would work with Jane Street and Cantor, while Invesco Galaxy named Virtu and JPMorgan. 

While JPMorgan’s selection as AP draws attention for the public remarks of its CEO Jamie Dimon, its role as will be that of Jane Street, adds to overall institutional appeal.

In terms of fees, Invesco’s filing shows a six-month fee waiver with up to $5 billion in assets for its ETF. 

Meanwhile, Fidelity has outlined a 0.39% fee. According to senior ETF analyst Eric Balchunas, there’s likely to be tough competition among the issuers, leading to some kind of “price war”.

Yes.. told ya’ll the fee war would break out bf the starting gun even went off. And it won’t ever end. This is normal life in the ETF Terrordome tho, the crypto exchange mind cannot comprehend this.

— Eric Balchunas (@EricBalchunas) December 29, 2023

Pullix eyes leading role in DeFi with hybrid exchange

Pullix, which seeks to bring the best of centralised and decentralised exchanges to the crypto market, is a hybrid exchange built on the Ethereum blockchain.

With community ethos and security as core pillars (the latter encompassed via self-custody for users’ digital assets), Pullix is likely to emerge as the DeFi industry’s solution to its biggest problem: liquidity.

Pullix’s unified platform will combine the allure of having both a user-friendly and secure trading environment with an innovative approach to liquidity provision. Anyone using the platform can contribute to liquidity as they trade, earning instant rewards in the native PLX token.

The community will also earn rewards in $PLX for adding to ecosystem liquidity through staking and yield farming. Other than this, a share of daily revenue, competitive prices, zero commission trades and tight spreads add up to an impressive list of benefits and incentives for $PLX holders.

Users looking for a great platform for the above, among other passive income opportunities might want to learn more about Pullix’s unique “Trade-to-Earn” feature.

PLX token sale hits $2 million milestone

Amid the excitement and positivity surrounding the SEC’s potential approval of a first spot Bitcoin ETF, Pullix’s new crypto project has been making waves of its own. A hybrid exchange model, community-driven ecosystem and robust tokenomics highlight why Pullix is likely poised redefine DeFi.

As it heads towards its launch and potential dominance in the DeFi space, its $PLX token sale has attracted over $2 million.

Currently in stage 5, $PLX has increased its value from the initial presale price of $0.04 to $0.07. If you are looking to buy it low, the presale may present the best chance for that.

The post JPMorgan named AP in final Bitcoin ETF filings; Pullix traction hits $2M milestone appeared first on CoinJournal.

US prosecutors water down FTX Ex-CEO SBF’s second trial probability: no new evidence

US prosecutors deem the second trial unlikely for FTX’s ex-CEO Sam Bankman-Fried.
Lack of new evidence cited; the initial trial covered major aspects of the case.
The guilty verdict stands; sentencing is set for March 28, 2024, as scheduled.

United States prosecutors have signalled that there may not be a second trial for Sam Bankman-Fried (SBF), former CEO of the defunct cryptocurrency exchange FTX.

This development comes as stakeholders seek swift resolution, emphasizing the public interest and the anticipation of compensation details for FTX account victims. With the first trial concluding with Bankman-Fried found guilty on seven fraud charges, the focus is now on the sentencing set for March 28, 2024.

No second trial for Sam Bankman-Fried

Recent reports indicate that United States prosecutors are unlikely to pursue a second trial against Sam Bankman-Fried, the former CEO of FTX. The prosecutors emphasize that there is insufficient new evidence to warrant another trial, given that the majority of pertinent information was presented during the initial proceedings.

This assertion aligns with the desire for a swift resolution, particularly as victims await compensation details following the collapse of FTX in November 2022.

The decision not to pursue a second trial follows the guilty verdict reached on November 3, where Bankman-Fried faced charges including wire fraud, securities fraud, and money laundering conspiracy. Despite the verdict, Bankman-Fried’s request for an adjournment of his sentencing hearing was declined by Judge Lewis Kaplan.

The judge highlighted the absence of prior objections to the initially set sentencing date and Bankman-Fried’s prior extension for submitting sentencing materials. As a result, Bankman-Fried’s sentencing is scheduled for March 28, 2024.

This development underscores the judicial determination to adhere to established timelines and procedures. With the March 2024 sentencing date looming, the legal repercussions for the ex-CEO of FTX are becoming increasingly imminent. The case has drawn significant attention not only due to the high-profile nature of the individual involved but also the broader implications for victims seeking restitution from the cryptocurrency exchange’s downfall.

The post US prosecutors water down FTX Ex-CEO SBF’s second trial probability: no new evidence appeared first on CoinJournal.

Crypto tailwinds for 2024 and implications for Memeinator (MMTR)

Cryptocurrencies did well in 2023 as demand remained at an elevated level.

Bitcoin and most digital coins more than doubled and the trend could continue.

This trend could benefit Memeinator, an upcoming meme coin.

Cryptocurrencies had a strong performance in 2023, with Bitcoin soaring by over 150% and the total market cap surging to over $1.7 trillion. The same performance was replicated in the stock market, where key indices like the Dow Jones, Nasdaq 100, and S&P 500 surged to record highs. Most of these gains were driven by the Magnificent 7, which did well during the year.

Meanwhile, demand for meme coins continued rising in 2023 as tokens like Bonk, Pepe, and Milady Meme coin (LADYS) surged. Similarly, investors continued pumping cash into token presales, hoping to capture the next big thing in crypto. For example, Memeinator token sale has netted over $2.7 million from investors. 

Tailwinds for 2024

Cryptocurrencies face numerous tailwinds in 2024 that could push them much higher. First, there’s the tailwind of cryptocurrencies becoming part of balanced portfolios. Besides, an asset like Bitcoin has a proven record of doing well over the years. For example, BTC price rose from less than $1 in 2009 to over $40,000 today.

During this time, Bitcoin has been “baptized by fire” as several events happened. For example, it suffered when Mt. Gox collapsed in 2014. Most recently, we had the collapse of FTX, Voyager Digital, and Three Arrows Capital. It also did well in 2023 even as interest rates surged to their highest level in over two decades.

Second, economists expect that the Federal Reserve and other central banks will start cutting interest rates in 2024. The Fed has already pointed to three cuts during the year while other banks like Bank of England and ECB are expected to slash them at least four times. Besides, global inflation has fallen in the past few months.

Third, the other tailwind will be the approval of a spot Bitcoin ETF. The implication is that more institutions will start moving to cryptocurrencies. Further, there will be a Bitcoin halving event in April. Historically, Bitcoin and other coins do well when there is a halving event.

Memeinator to be the next big thing?

Therefore, traders believe that Memeinator could be the next big thing in the crypto industry when it is finally listed in 2024. For starters, Memeinator, whose token is MMTR, is an upcoming meme coin that aims to disrupt the industry. It aims to replicate and even pass the performance of other tokens like Pepe and Bonk.

One sign that the token will do well is that it has already raised over $2.7 million and is nearing its target of over $2.8 million. It already has thousands of investors and followers in social media. These are important ingredients for a successful meme coin launch.

Memeinator is also running one of the most exciting promotions in the industry. In it, a lucky winner will travel to space using Richard Branson’s Virgin Galactic flight. These flights are expected to start either in 2024 or 2025. You can buy the MMTR token here.

Still, as with all investments, you should be a bit cautious when investing in Memeinator. In this regard, you should focus on risk management. For example, you should only buy the MMTR token with funds you are comfortable losing. You should also diversify your portfolio.

The post Crypto tailwinds for 2024 and implications for Memeinator (MMTR) appeared first on CoinJournal.

PancakeSwap community approves proposal to cut CAKE supply by 300M

The PancakeSwap community has approved the proposal to remove 300 million CAKE from the project’s maximum supply.
The proposal passed with nearly 98% of votes in favour.
CAKE price was sharply down in the past 24 hours, hovering near $3.46 and down 9.5%.

PancakeSwap proposal seeking to reduce the decentralized exchange token supply from 750 million to 450 million CAKE has passed. The vote on the proposal opened on Thursday, December 28 and closed today, Friday, December 29.

According to details on the voting page, 97.88% of the total votes passed the proposal, paving way for the official reduction of the maximum supply for CAKE to 450 million. Currently, details across the market’s leading aggregators CoinGecko and CoinMarketCap show the total supply as 386,192,564 and maximum supply as 450 million.

By reducing our token supply by 300,000,000 $CAKE, we signify PancakeSwap’s successful shift from a high-inflation emissions model to the Ultrasound CAKE era,” the PancakeSwap team noted.

The move to cut CAKE’s maximum supply adds to the overall revamp PancakeSwap has taken across its tokenomics, emissions and growth strategy.

Starting from improving CAKE Tokenomics v2.5 to most recently launching the veCAKE Gauges System, CAKE is in a position to pursue further growth across all deployments,” the proposal read.

CAKE price falls sharply

The price of CAKE has declined sharply in the past 24 hours, with the dip coming after the proposal passed. 

CAKE traded around $3.46 per token at 12.40 pm ET on Friday, down 9.5% in the past 24 hours. While it remains in the green over the past week and month, CAKE has cut recent gains to 37% and 56% over the two time frames respectively.

CAKE reached highs of $4.68 in February and remains significantly off from its all-time peak near $44 reached in April 2021.

Today’s decline for the altcoin came as the broader market cap fell 1.7% and Bitcoin (BTC) slipped below $42k. 

Most of the top altcoins were also down at the time of writing. However, with crypto largely in bullish territory, fresh buy CAKE momentum could see the token’s value retest higher resistance levels.

The post PancakeSwap community approves proposal to cut CAKE supply by 300M appeared first on CoinJournal.

Hut 8 to manage mining operations for Celsius’s newly-created MiningCo

Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract.
The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
The announcement follows the US bankruptcy court’s approval of Celsius Network’s reorganization plan.

Hut 8 Corp, a digital asset miner headquartered in Miami, Florida, will manage the mining operations of MiningCo, a newly created mining company approved by the US Bankruptcy Court for the Southern District of New York in view of the Celsius Network LLC reorganization plan.

The plan allows Celsius to transfer its mining operations to MiningCo. It’s part of Celsius Network’s bankruptcy proceedings.

Hut 8 to provide managed services under 4-year contract

As CoinJournal reported, US bankruptcy judge Martin Glenn approved the restructuring plan that allows Celsius Network to pivot its operations fully to Bitcoin mining.

In its announcement today, Hut 8 said the court’s approval of the reorganization plan the company had sponsored allows it to manage operations for MiningCo at five sites. Hut 8 will also oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.

This just in 📰➡️ our reorganization plan filed in the Celsius Network LLC bankruptcy proceedings was approved. This means providing end-to-end managed services for five sites in Texas, overseeing ~12 EH/s computing capacity (122,000 miners) and more than 300 MW of energy.


— Hut 8 (@Hut8Mining) December 29, 2023

As granted by the court, Hut 8 will manage MiningCo’s mining operations under a four-year managed services contract.

Commenting on the approval, Hut 8 president Asher Genoot said:

The mining plan that was presented to the creditors and the courts is strong and sound, and we look forward to proceeding with construction imminently at the Cedarvale, Texas site, and managing four additional sites once the process closes in the first quarter of 2024.”

Hut 8 will use the opportunity to grow its managed services business. The company also hopes to help build equity for Celsius’ creditors through MiningCo, Genoot added.

Apart from the four Texas locations at Rebel, East Isle, Style and Garden City (cumulatively having 87 MW), Hut 8 will also manage services at Cedarvale, Texas, MiningCo’s fifth site. 

Celsius struck a mining deal with US Bitcoin Corp in August, and selected the company which recently combibed its business with Hut 8 as the provider of end-to-end development services at Cedarvale.

Hut 8 will thus oversee the site’s design and development, which when completed, will have roughly 66,000 miners and offer more than 215 MW of energy. 

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Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities

Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws.
SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud.
Jump Trading’s involvement adds complexity; the SEC insists Judge Rakoff, not a jury, decides securities status.

In a recent legal development, Federal Judge Jed Rakoff ruled in favour of the U.S. Securities and Exchange Commission (SEC) against Do Kwon and Terraform Labs. The judgment asserts that Terraform violated U.S. securities laws by selling unregistered securities, specifically LUNA and MIR tokens.

This decision sets the stage for a trial scheduled to commence on January 29, 2024, shedding light on alleged fraudulent activities and the involvement of the SEC.

LUNA and MIR tokens deemed securities

In the summary judgment, Federal Judge Jed Rakoff sided with the SEC in the case against Do Kwon and Terraform Labs. The ruling established that Terraform failed to register LUNA and MIR tokens as securities, concluding that the company violated U.S. securities laws. This aligns with the SEC’s stance that cryptocurrencies, including LUNA and MIR, should be classified as securities, subject to the agency’s regulation.

Judge Rakoff’s decision restricts the SEC’s regulatory authority to LUNA and MIR, marking a significant point in the ongoing legal battle. The charges stem from the collapse of Terra’s UST stablecoin in 2022, with the SEC alleging that a fraudulent security offering raised $25 million.

Jump Trading’s role and SEC’s position

New evidence presented by Jump Crypto adds complexity to the case. Jump Crypto, believed to have manipulated TerraUSD, allegedly profited $1.28 billion. The SEC claims Terra loaned tokens to the U.S. trading firm Jump Crypto further entwining the lawsuit with market manipulation accusations.

In a noteworthy move, the SEC has requested that Judge Rakoff determine whether Terraform offered and sold unregistered securities, arguing against a jury decision. The agency contends that the classification of securities is a legal matter for the court, not a factual question for a jury.

While the civil trial progresses, Do Kwon remains in a Montenegro prison, after successfully appealing his extradition to the U.S. for criminal charges. As the legal saga unfolds, the trial’s outcome will have implications for classifying and regulating cryptocurrencies, particularly LUNA and MIR, in the ever-evolving landscape of financial markets.

The post Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities appeared first on CoinJournal.

Meme Moguls grabs investor attention as trader turns $62 into $2M with Solana meme coin

Meme Moguls (MGLS) has accelerated its presale as more participants bet on the new meme-based assets platform.
Increaased investment in MGLS comes as one trader reportedly turns 1 SOL ($62 at the time) into $2 million as they traded a Solana-based meme coin.
MGLS is priced at $0.0025 and in stage 3 of the presale.

In one spectacular moves in the crypto market, a savvy trader turned a modest $62 into a fortune as their bet on a Solana-based meme coin returned over $2 million. The trader’s jackpot isn’t isolated as more and more regular traders become adept at spotting gems across the market.

One of those likely to grab more attention as the crypto market flips bullish is Meme Moguls – a new token set to bring the benefits of trade-and-earn to the increasingly profitable meme coins sector.

Huge win as meme trader 1.5 SOL into $2 million

An on-chain analytics platform has alerted the crypto community to the exploits of one trader that managed to turn 1 Solana (SOL) into millions of dollars after trading a Solana-based meme coin.

According to details shared by Lookonchain on December 27, the trader had used 1 SOL (worth about $62 at the time) to buy Silly Dragon (SILLY).

The transaction, initiated five minutes after SILLY opened trading, was for 43.1 million SILLY tokens and in 22 days, they had seen their bet grow to over $2 million worth of the meme coin. After cashing out $528k, the trader held over 9.7 million of the meme token (worth about $1.5 million).

Can regular traders make such money on meme coins? Recent rallies for Bonk (BONK), Pepe (PEPE) and other tokens have returned staggering profits for many traders. 

Earlier this year, one PEPE trader reportedly made $1.02 million from a $250 investment, while another invested $4,410 and saw it return $1 million.

While major losses have also occurred in the crypto market, it could be argued that the chances of an opportunity of a lifetime are also there. Due diligence is critical and the initial investment doesn’t have to be all that one owns.

Meme Moguls: Play, trade and earn with meme coins

Meme Moguls is a new meme-based platform offering a stock market-style trading exchange. At its core, Meme Moguls is designed to offer earn opportunities to meme coin traders.

Powered by the ERC-20 token MGLS, Meme Moguls is an exchange whose ecosystem leverages an innovative play-to-earn game to give users the opportunity to earn from all the trending meme coins.

Whether it’s Dogecoin, Shiba Inu, Bonk or other meme coin making waves in the market, traders will have a chance to put their trading skills to test as they earn MGLS. The combination of gaming, trading and meme power, with no buy or sell tax, could be a game-changer. 

This might see Meme Moguls trending as one of the best play-to-earn platforms to add to the tag of being one of the hottest presale projects today.

Meme Moguls presale

As noted above, Meme Moguls is currently in stage 3 of its presale. Its potential to redefine meme coin trading via P2E gaming has seen over $1.1 million raised as of December 29. 

This phase of the roadmap offers crypto enthusiasts a chance to be early birds ahead of its official launch in 2024. 60% of the total 3 billion token supply is available during the presale.

With MGLS as the governance and in-game currency for the ecosystem, its importance means it could become increasingly valuable to holders.

According to details on the presale page, the early offer has MGLS priced at just $0.0025, making this potentially a great entry point. Analysts are also tipping this token for a possible 100x move when Meme Moguls goes live.

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Top Staking Coins for 2024 — $ADA, $MATIC, $NEAR, $SOL, $GFOX

Welcome to the fast-paced world of cryptocurrency, where the landscape is constantly evolving and new opportunities arise at every turn. In this dynamic space, strategic investors are always on the lookout for the next big thing. Today, let’s look into the top staking coins for 2024, exploring the potential of $ADA, $MATIC, $NEAR, and $SOL. 

We’ll also explore the buzz around one of the best upcoming ICO and a rising star, Galaxy Fox, as it approaches a remarkable milestone of $2 million in its presale!

Galaxy Fox: A Memecoin Phenomenon

One of the best upcoming ICO for many investors, Galaxy Fox has emerged as a breath of fresh air. Boasting a unique blend of gaming, DeFi, staking, and NFTs, this crypto sets itself apart from traditional meme coins. 

Its Web3 runner game adds an interactive dimension, offering rewards to top players and creating an engaging platform for both gamers and investors alike. Its staking program allows investors to earn passive income, enjoying a share proportional to their holdings. Rewards for stakers are funded by 2% of every transaction’s total value, which means these can increase as the ecosystem grows.

In a noteworthy achievement, Galaxy Fox has reached a milestone of $1.5 million in its presale, and is nearing its $2 million goal. It’s currently at Stage 6, with $GFOX priced at $0.001749. With over 1.9 billion tokens in the hands of early investors, the momentum is undeniable. 

The next stage, with a token price of $0.00198, promises even more excitement. This hyper-deflationary memecoin aggressively reduces its supply through burning mechanisms, enhancing its intrinsic value and attractiveness to investors.

$ADA: Staking Simplified for Cardano Enthusiasts

Cardano ($ADA) stands tall in the crypto arena, offering investors the chance to earn passive income while contributing to the security of its network. With a market cap exceeding $20 billion, $ADA has secured its spot among the top 10 cryptocurrencies. 

What sets Cardano apart is its user-friendly approach to staking, allowing investors to engage directly through non-custodial wallets like Daedalus and Yoroi. This ensures simplicity and security, a winning combination for savvy stakers.

$MATIC: Scaling to New Heights with Polygon

Polygon ($MATIC) is an open-source blockchain solution built on Ethereum that’s among the best cheap crypto to buy right now. 

As the native token settling transactions and securing the platform, $MATIC has witnessed remarkable growth. With a total supply of 10 billion tokens, 12% of which funds staking rewards, investors are drawn to the sustainability and environmental friendliness of Polygon’s proof-of-stake consensus. The estimated APR for staking Polygon is an impressive 13.90%, offering a compelling case for stakers in 2024.

$NEAR: Revolutionizing Blockchain with NEAR Protocol

NEAR Protocol ($NEAR) introduces a revolutionary approach to blockchain, addressing scalability concerns through innovative solutions. 

A delegated-proof-of-stake (DPoS) blockchain, NEAR employs “Doomslug” and “Nightshade” for block generation and sharding, achieving over 100,000 transactions per second. With low transaction fees and easily readable account names, NEAR presents an enticing staking option for investors looking beyond traditional blockchain limitations.

$SOL: Solana Shines Bright as a Top Staking Contender

Solana ($SOL), with a market cap surpassing $46 billion, secures its position as a top 10 cryptocurrency and a popular choice for staking in 2024. 

Investors can stake $SOL by running a node, delegating, or using staking protocols. Since running a node demands technical expertise, many investors opt for delegation to enjoy the benefits without the complexities. 

Solana’s unique offerings make it a compelling choice for those seeking a stake in the crypto future. This highlights Solana as one of the top crypto to buy and stake for the long term.

Conclusion: Join the Galaxy Fox Revolution

As you explore the landscape of top staking coins for 2024, Galaxy Fox emerges as a promising force in the crypto space. With a unique blend of features, a catchy design, and a community-driven approach, this best upcoming ICO is setting the stage for a memorable journey. Don’t miss out on the action – visit the Galaxy Fox website and join the community on Telegram. The future of crypto is here, and Galaxy Fox invites you to be part of the revolution!

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post Top Staking Coins for 2024 — $ADA, $MATIC, $NEAR, $SOL, $GFOX appeared first on CoinJournal.

MemeAlert! CorgiAI Flips Pepe, As $GFOX Closes in on $2 Million

CorgiAI ($CORGIAI) is one of the fastest-growing meme coins in the market. Based on the Cronos blockchain, CorgiAI has been on a spectacular tear throughout the year, even surpassing well-known memecoins Floki and Pepe the Frog. But CorgiAI isn’t the only recent entry into the world of best meme coins to buy. $GFOX also burst onto the scene as of late, bringing competition to some of the biggest players.

Read on to find out about $CORGIAI’s rise and $GFOX’s skyrocketing presale.



CorgiAI is a groundbreaking cryptocurrency project that harnesses the power of AI to create and interact with the community by using a GPT-style communication system. It’s basically a meme coin with a mind of its own that takes the job of marketing and community-building into its own hands.

At the core of Corgi AI’s strategic framework lies a steadfast commitment to community development, coupled with the promotion of cutting-edge AI technologies geared towards revolutionizing the way communities are formed in the crypto sphere.

Recently, $CORGIAI has been gaining recognition as one of the best meme coins to buy. Since its launch in May 2023, $CORGIAI has been on a rally, gaining over 829% by the time of writing. On monthly charts, $CORGIAI has gained an impressive 128%, while weekly charts show a surge of 63%.

As a result of its spectacular rally, $CORGI AI has amassed a market capitalization of $778 million, surpassing $FLOKI and $PEPE to rank as the #93 crypto on CoinMarketCap. 

According to predictions made by crypto market analysts, $CORGIAI is likely to continue on its recent trend, surpassing some of the best meme coins to buy like $ PEPE which has lost over 26% of its value in the past week.

$GFOX Presale Is Almost at the $2 Million Mark

As $CORGIAI continues on its rally, another meme coin, $GFOX, has been causing waves with its fast-selling presale. $GFOX, the native coin of the Galaxy Fox ecosystem, has been making a name for itself as one of the top alt coins to watch in 2024 as investors rush to acquire the coin. 

The $GFOX presale, which is now in its 5th stage, has raised over $1.6 million and is expected to hit the $2 million mark in early 2024.

However, a fast-selling presale isn’t the only thing going for $GFOX. The coin is gaining recognition as the best cheap crypto to buy with high growth potential. From its presale to later on $GFOX is designed to give its investors the highest return on their investment. The presale is set up to ensure that the earlier an investor gets in, the higher the ROI they get by the end of the presale. This leaves stage 1 presale investors with a potential 450% return on their investment.

After the presale, the $GFOX ecosystem is set up to keep rewarding loyal investors through staking rewards. Once a $GFOX holder stakes their coins, they are automatically entitled to a proportionate reward from the $GFOX Stargate. The Stargate collects 2% of every $GFOX transaction, creating a large pool of funds that ensures loyal investors are rewarded.

Additionally, $GFOX will also reward investors who participate in its P2E game. This web 3-runner game is designed to reward the top 20% of players on the leaderboard with in-game currencies that they can exchange for $GFOX. This feature will allow investors to unwind with a fun game, while also making an extra income, hence enhancing $GFOX’s standing as one of the best meme coins to buy.

But that is not all, the $GFOX ecosystem also has a token burn mechanism that will periodically burn part of the $GFOX tokens in circulation. This mechanism is designed to ensure that the total supply of $GFOX is always lower than the demand, hence enhancing the inherent value of the token.


Final Word

Staking rewards, gaming rewards, and the token burn feature are all great features that help make $GFOX one of the best meme coins to buy. However, $GFOX has several other features that make it an appealing investment option. In addition, the price predictions show that $GFOX is likely to hit 100x in the months following its launch, surpassing coins like $PEPE and $CORGI AI in the process.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post MemeAlert! CorgiAI Flips Pepe, As $GFOX Closes in on $2 Million appeared first on CoinJournal.

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