Day: December 20, 2023

NEAR Protocol spikes 20% to hit $3: Is NEAR just getting started?

NEAR Protocol (NEAR) price rose 20% on Wednesday to hit $3 as TVL reached $76 million.
Technical indicators suggest bulls have the upper hand and could target $6.00.

NEAR Protocol (NEAR) is one of the top performing crypto assets today, alongside the skyrocketing Solana (SOL), Stacks (STX) and Injective (INJ). With Bitcoin (BTC) breaking above $44k and Solana flipping XRP in market cap, it’s been an eventful 24 hours for the crypto market.

What next for NEAR price?

According to data from the NEAR block explorer, the latest upsurge in price of the sharded proof-of-stake blockchain’s native token has come as the total count for unique addresses rose sharply. 

The total value locked in the NEAR ecosystem has also increased, with DeFiLlama data showing TVL has risen from $55 million on December 17 to over $76 million on December 20.

 A look at the NEAR Protocol technical picture shows the Relative Strength Index (RSI) currently sits at 73.  While it’s piercing into the overbought territory, the daily RSI is overextended yet. The Moving Average Divergence Convergence (MACD) indicator on the daily chart is also suggesting that the upside move may yet continue.

Today, the price of NEAR Protocol jumped 20% to above $3.00. Meanwhile, its daily trading volume increased by more than 210% to over $761 million. If bulls hold prices above $2.55 in coming days, it is likely NEAR could return to August 2022 levels above $6.00. 

On the downside, primary support is expected at $2.18.

The post NEAR Protocol spikes 20% to hit $3: Is NEAR just getting started? appeared first on CoinJournal.

Santa Claus rally restarts, BTC eyes YTD high as Memeinator thrives

Cryptocurrencies are in a strong uptrend ahead of Christmas.

There are signs that a Santa Claus rally is underway.

Memeinator token is nearing its target goal.

A Santa Claus rally is emerging in the crypto and stock market. Bitcoin is targeting the year-to-date high while American indices like the Dow Jones, S&P 500, and Nasdaq 100 indices are trading at their record highs. 

In addition to BTC, other cryptocurrencies like Solana, Bonk, and IoTeX are also doing well. Indeed, Solana has just overtaken XRP to become the fifth biggest cryptocurrency in the world, helped by the meme coin hype.

Meanwhile, Memeinator, an upcoming cryptocurrency that aims to infuse the concept of Artificial Intelligence (AI) with meme coins is thriving. Its token sale is slowly nearing its target of $2.4 million as it nears its end.

Why are cryptocurrencies soaring?

Cryptocurrency prices are surging because of several important factors. First, the SEC, Blackrock, and Nasdaq held their second meeting to deliberate on the mechanics of a spot Bitcoin ETF. This meeting confirmed to many people that the SEC would approve these ETFs in the coming weeks or months.

They are also jumping because of monetary policy issues. On Wednesday, the Office of National Statistics (ONS) published encouraging inflation data. The data revealed that the UK inflation dropped below 4% in November.

These numbers confirmed that global inflation was falling and that central banks wll start cutting interest rates in the coming months. The Fed has hinted that it will start lowering rates in June next year. Other banks like the ECB and the Swiss National Bank (SNB) are also expected to lower rates.

Cryptocurrencies and stocks tend to do well in a period of rate cuts because it usually ushers a new era of risk-on sentiment. This explains why the US dollar index and global bond yields have pulled back in the past few weeks.

Therefore, analysts believe that the cryptocurrency bull run is just geting started. In a note, an analyst at CryptoQuant noted that Bitcoin could rise to a high of $164k in 2024. He highlighted the following factors.

“We argue that bitcoin and crypto markets could have a positive year in 2024 mostly amid the effects from: 1. The market valuation cycle, 2. Network activity, 3. The bitcoin halving, 4. The macroeconomic perspective, 5. Bitcoin spot ETF approval and 6. Growing stablecoin liquidity.”

Memeinator to benefit

Memeinator’s MMTR token will likely benefit if this forecast is accurate since most altcoins tend to do well when Bitcoin is rising. We have seen several new meme coins surge in 2023. For example, coins like Bonk and Pepe have gained a combined market cap of over $1 billion this year.

Memeinator is aiming to conquer this industry by creating a cult following among community members. Already, more than 384k people have entered its competition to win a trip to space using Virgin Galactic’s ship. Its promotion has also reached millions of users.

In addition to its meme coin tools, the network aims to take advantage of artificial intelligence, which has gone mainstream this year. Therefore, I suspect that the MMTR will join the crypto rally in 2024. You can buy the MMTR token here.

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UK to involve players on crypto legislation as Pullix presale nears $1M

Paving the way for digital securities legislation, the UK partners with finance and tech sectors.
Pullix, a hybrid exchange, introduces PLX token, “Trade-to-Earn” concept, and a diverse ecosystem.
Pullix’s ecosystem includes off-chain order book, lending protocol, and VaultX.

In a significant move toward embracing the burgeoning crypto landscape, the UK government has announced plans to partner with financial and tech sectors to establish legislation for digital securities. Concurrently, Pullix, an emerging player in the crypto space, is making waves with its unique approach and ongoing presale.

This article delves into the details of the UK’s crypto-friendly initiatives and sheds light on Pullix’s innovative features and tokenomics.

UK government’s push for digital securities legislation

The United Kingdom, under the leadership of Prime Minister Rishi Sunak, is positioning itself as a hub for the crypto industry. A key development in this strategy is the government’s collaboration with financial services and technology industries to formulate legislation for digital securities. The proposed Digital Securities Sandbox (DSS) has garnered positive responses since its introduction in a July consultation.

The DSS, overseen by the Bank of England and the Financial Conduct Authority (FCA), is designed to allow companies to test new digital securities products under regulatory supervision. Respondents to the consultation emphasized the importance of flexibility within the sandbox rules to accommodate novel use cases. Additionally, clarity on tax treatment within the sandbox remains a priority for stakeholders.

The government’s commitment to working with regulators and industry players showcases a proactive approach, to create a conducive environment for testing and deploying digital securities. Assets such as debt, equity, and money-market instruments are set to be included in the sandbox, addressing requests from respondents for a broader scope.

Pullix’s innovative approach

As the UK paves the way for digital securities legislation, Pullix emerges as a dynamic player in the crypto space, offering a hybrid exchange solution that combines features of both centralized and decentralized platforms. Pullix aims to tackle liquidity challenges in decentralized finance (DeFi) and provide users with a secure, user-friendly trading experience.

One of Pullix’s standout features is its PLX token, the world’s first “Trade-to-Earn” cryptocurrency currently in the presale stage. Notably, PLX token holders will enjoy a unique revenue-sharing mechanism, allowing them to profit from the exchange’s daily revenue and earn a fixed passive income by providing liquidity.

The token’s utilities include serving as a currency for traders on the platform, providing exclusive access to certain assets and trading conditions, staking for rewards, and acting as a vehicle for distributing rewards, cashbacks, and promotional offers.

Pullix’s platform encompasses a range of features, including margin trading, advanced institutional tools powered by OpenAI, and a decentralized off-chain order book. The platform’s commitment to user security is highlighted by the non-custodial approach, where users retain control of their assets and private keys.

Pullix’s ecosystem is designed to cater to a variety of user needs within the crypto space. From the decentralized off-chain order book facilitating direct order execution to the lending protocol enabling money markets for lending and borrowing, Pullix covers a spectrum of services.

VaultX, Pullix’s decentralized, multichain yield optimizer, allows users to earn compound interest on their crypto holdings, prioritizing safety and efficiency. The DeFi swap feature makes trading tokens at low fees more accessible, operating on an automated market maker model. Yield farming further enhances user engagement, enabling PLX holders to earn rewards by contributing to liquidity through staking LP tokens.

The implementation of machine learning for copy trading sets Pullix apart, allowing users to replicate successful trading strategies based on data points aligned with their goals and preferences. With a focus on “Trade-to-Earn,” Pullix redefines the concept of rebates, providing instantaneous token rewards to traders regardless of trade outcomes.

Conclusion

The collaborative efforts between the UK government and the crypto industry signify a progressive step toward integrating digital securities into the financial landscape.

Simultaneously, Pullix’s innovative features and upcoming presale contribute to the dynamic and evolving nature of the crypto ecosystem, offering users a comprehensive and user-friendly trading experience.

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Bitfinex Securities facilitates $5M tokenized bond on Liquid Network

Bitfinex Securities says the $5.2 million tokenized bond is the first in the microcredit industry. 
The Tether (USDT)-denominated bond was issued on Liquid Network.

Bitfinex Securities has announced that it successfully raised $5.2 million in one of the world’s first tokenised bonds. The raise was by Alternative, a securitization fund under microfinancing platform Mikro Kapital.

The platform issued the tokenised bond on the Liquid Network, a Bitcoin layer 2 solution enabling the issuance and settlement of digital assets such as security token offerings.

According to Bitfinex Securities, the USDT-denominated bond ALT2612 has a 36-month tenor and 10% coupon. 

This proof of concept is more than just a fundraise; it’s a significant stride towards integrating USDt in the microfinancing industry,” Paolo Adoino, CEO of Tether and CTO of Bitfinex Securities, said in a statement published in a blog post.

He added: “Our ongoing challenge is to bridge the gap between traditional and crypto investors, educating them about the mutual benefits of high-quality securities and tokenisation. Mikro Kapital’s role in this endeavor is indispensable.”

Mikro Kapital and Bitfinex Securities partnership

Mikro Kapital and Bitfinex Securities recently agreed to a partnership that would see the two companies explore asset tokenization. The agreement also included plans to bolster the adoption of Tether stablecoins USDT and EURT across the microfinance industry.

Commenting on their partnership and the recently closed raise, Vincenzo Trani, President and founder of Mikro Kapital, said:

The success of our first tokenized bond issue was made possible thanks to the constant technical support and the extensive network of investors of Bitfinex Securities. We are excited to be pioneers in bringing cryptocurrency to the world of microfinance. This will allow us to respond efficiently and quickly to the needs of small entrepreneurs.”

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Top Lending Protocol Expands to Sui for First Launch Outside of Solana

Grand Cayman, Cayman Islands, December 20th, 2023, Chainwire

Solend’s expansion is set to compound Sui’s remarkable DeFi momentum, which has seen TVL grow by over 500% since September.

Solend, the top lending and borrowing protocol on Solana, today announced its impending launch on the Sui blockchain, which was created by a team of technology leaders that emerged from Facebook’s blockchain initiative. This new integration marks Solend’s first deployment on a blockchain other than Solana and underscores the team’s confidence in the strength of Sui’s technology and the Sui network’s potential as a long-term partner.

As the largest lending and borrowing product on Solana, Solend boasts over $140 million in total value locked (TVL) across over 170,000 users and supports over 70 assets. Solend also currently has over 20 developer integrations, making it one of Solana’s most prominent platforms for DeFi development. Expansion to Sui will introduce Solend’s robust DeFi offerings to a new community of users and bring even more builders to the Sui ecosystem.

Rooter, the pseudonymous Founder of Solend, said, “We’re not maximalists by any means — I left that behind when I left Ethereum. We’re building on Sui for the same reason we decided to build on Solana three years ago: because they’re doing something special. For Solana it was performance, for Sui it’s the developer experience. The current state of smart contracts doesn’t reflect the aspirations of the industry. Move fixes this. Most of the team is 100% focused on Solana, and we’ve spun up a sub-team dedicated to Sui.”

The Solend expansion news comes on the heels of Bluefin, an ascending DEX with over $100 million in daily volume, announcing they will build their V2 exclusively on Sui and unveiling their product roadmap for well into 2024.

It is critical for a growing DeFi platform to secure the assets entrusted to it, and Sui is leaving no stone unturned in safeguarding its ecosystem. Security on Sui starts with the security features embedded in the Move language itself, which add a unique protection for smart contracts on Sui Further, Sui supports its developers by working with partners and leading blockchain security firms, Zellic and Ottersec, to check projects’ individual codebases. Solend’s code will benefit from their rigorous audits that will ensure that the application meets the highest security standards and is fully compatible with the Sui blockchain.

At the same time, for DeFi application builders, top-tier performance in the underlying network and easy access for new users are also paramount. From a performance perspective, DeFi projects on Sui benefit from the network’s use of parallel processing for the vast majority of transactions, which results in unprecedented low latency and enables horizontal scaling. It was this same technology stack which enabled Sui to benchmark a peak throughput of up to 297,000 TPS and time to finality of ~480 milliseconds, and in just its fourth month to achieve the greatest number of transactions processed in a single day by any blockchain network ever.

Likewise, for accessibility, Sui offers DeFi protocols extremely easy onboarding for new users through its native zkLogin feature which enables end users to authenticate with the same Web 2 social logins from Google, Twitch and others that they are already familiar with. Any DeFi protocol building on Sui can incorporate zkLogin, eliminating the need for new users to manage wallets and seed phrases and removing a huge hurdle to mainstream use of DeFi protocols on Sui, while still remaining non-custodial.

“Solend has achieved a level of success that is unmatched by the vast majority of projects in our industry and we are thrilled to welcome them to the Sui ecosystem,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui was created with the scalability and efficiency that DeFi projects require at its core. We look forward to Solend’s continued upward trajectory building on Sui.”

The Solend team brings a wealth of experience with both the Web2 and the Web3 world, with members having previously worked at industry stalwarts Coinbase, Robinhood, Cruise, Twitch, and Two Sigma. Solend is backed by a strong group of investors, including Dragonfly, Polychain, Race Capital, and Coinbase Ventures.

 

Contact

Sui Foundation
media@sui.io

The post Top Lending Protocol Expands to Sui for First Launch Outside of Solana appeared first on CoinJournal.

Bitget announces listing of Comsats (CSAS) to foster growth of Bitcoin ecosystem

Victoria, Seychelles, December 20th, 2023, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of Comsats (CSAS), a new standard token set to revolutionize the landscape of the Bitcoin ecosystem. Comsats, designed to support standard tokens on Bitcoin, marks an important stride forward in providing innovative ideas and decentralized solutions, while optimizing user experience and maintaining competitive fees in the digital asset space. Comsats (CSAS) will be listed in the Innovation Zone, Inscription Zone and BTC Ecosystem Zone. Spot Grid Trading will go live within 24 hours after the listing.

Comsats has distinguished itself by its unwavering commitment to fostering the growth of the Bitcoin ecosystem through revolutionary ideas and decentralized solutions. The project has focused on perfecting the concepts of official Bitcoin token standards such as BRC-20 and ORC-20, among others. The recent introduction of the CSAS token, based on the BRC-20 standard, serves as a testament to Comsats’ dedication to elevating the Bitcoin ecosystem.

Presenting a suite of user-friendly Telegram bots—Trending Bot, Inscribe Bot, Buy Bot, and the upcoming Swap Bot—Comsats has taken a proactive approach to enhancing user engagement within its ecosystem. These bots offer streamlined user interactions, simplifying participation and promoting accessibility on the platform. To further incentivize user adoption, Comsats is extending complimentary access to its services for all users until the end of December.

Gracy Chen, Managing Director of Bitget, states: “Bitget always supports the development of the different blockchains and BTC ecosystems. As the fundamental cornerstone of the Crypto industry, Bitcoin is not only seen as an undisputed benchmark of crypto value, but also represents the innovative spirit of the industry. Catalyzed by the introduction of the BRC-20 and Ordinals protocols, together with the imminent halving next year, the Bitcoin ecosystem is set to be a prominent player in shaping the overall trajectory of the Web3 world. This project showcases the innovative potential and support and aligns with our commitment to offering our users access to cutting-edge projects.”

Bitget consistently aims to expand its market share in both spot and derivatives trading among centralized exchanges. The platform is committed to providing its users with opportunities to invest in high-value projects and is actively enhancing the diversity of digital assets in its spot market. The recent addition of over 255 new listings in the last three quarters of 2023 demonstrates Bitget’s dedication to bolstering its users’ trading options.

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

Rachel Cheung
media@bitget.com

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Pandoshi Raises $750,000 In Just Two Weeks of Public Sale

London, United Kingdom, December 20th, 2023, Chainwire

In the ever-evolving cryptocurrency market, a newcomer named Pandoshi is quickly becoming known for its unique methods and rapid success in previous fund raising rounds.

Gaining fast recognition within the cryptocurrency community, Pandoshi has already attracted significant investment, demonstrating the confidence that the community has in its future. This venture is notable for its distinctive features and its ambitious goal to revolutionize the decentralized finance (DeFi) space.

Presently, Pandoshi is progressing through the third stage of its presale and is gearing up to enter the fourth stage. The next stage will bring an increase in the token’s price, marking a crucial milestone for both the project and its investors.

At first sight, Pandoshi might be misconceived as a meme coin, but it’s far from it. In fact, it represents a fully autonomous and decentralized ecosystem. The whitepaper of the project exhibits a high degree of professionalism and technical expertise. Fundamentally, the project is committed to principles of decentralization, financial privacy, and empowering the community to have influence over the project’s direction.

Pandoshi distinguishes itself with a diverse ecosystem and a strong focus on decentralization, privacy in finance, and governance driven by its community. Here are the key aspects that make it unique:

Layer-2 Network: A Layer-2 network that utilizes a Proof of Stake protocol, offering a more environmentally friendly solution compared to the traditional Proof of Work method.
Decentralized Exchange and Wallet: Through its decentralized exchange and non-custodial wallet, Pandoshi ensures security and autonomy for users.
Transparency and Commitment: Pandoshi’s commitment to transparency, its well-defined roadmap, and ongoing development work have built trust among prospective investors.
Metaverse Integration: By incorporating metaverse games, Pandoshi steps into the world of virtual reality and crypto games.
Cryptocurrency Prepaid Cards: These cards will function seamlessly without requiring Know Your Customer (KYC) protocols.

At the heart of Pandoshi’s ecosystem lies PAMBO, its native token. Initially released on the Ethereum blockchain, PAMBO is a deflationary token designed to increase in value through scarcity. It also incorporates a buy-and-burn mechanism which is often a feature sought out by potential holders.

The path ahead for Pandoshi is just beginning. With its diverse approach and innovative features, the project is set to create substantial ripples in the industry. Its future plans include expanding its presence on social media and enriching its ecosystem further.

Pandoshi revealed an exciting development on their Twitter feed: Pandoshi is ahead of their planned timeline and is preparing for the beta launch of the Pandoshi Wallet. This significant event is taking place amidst their ongoing presale phase, signifying a major achievement for the project and potentially driving more investors to participate in their public presale.

The soon-to-be-released beta version of the wallet will initially be compatible with all Ethereum Virtual Machine (EVM) chains. Plans are in motion to widen its capabilities to support non-EVM chains in upcoming updates. The wallet application, designed for user convenience, will be accessible on both Android and iOS devices, offering extensive reach.

Despite challenging competition, Pandoshi’s dedication to practical, user-focused blockchain solutions positions it as a potential game-changer in the crypto sector.

About Pandoshi

Pandoshi represents a blockchain project inspired by Satoshi Nakamoto’s vision, dedicated to decentralization, privacy, and financial freedom. Operating as a community-driven initiative, this endeavor places power firmly in the hands of its community members.

The mission of Pandoshi is to establish a robust ecosystem of decentralized products, which includes the Network, DEX, Wallet, and other essential components vital to the DeFi landscape. Pandoshi also explores innovative domains such as decentralized Metaverses and educational platforms to enrich the DeFi experience.

Passionate community support underscores the core values of financial privacy and autonomy upheld by Pandoshi. The project ensures that users’ needs and interests are paramount in every product created, delivering economic benefits directly to users without intermediary involvement.

Pandoshi stands as a testament to decentralized finance, privacy, and user empowerment, rather than a fleeting meme coin or an experimental project. The commitment to these principles fuels relentless efforts and underscores the project’s significance.

Website: https://pandoshi.com/

Whitepaper: https://docs.pandoshi.com/

 

Disclaimer:

Pandoshi is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Contact

Andrew Fitzer
pixelpulseads@gmail.com

The post Pandoshi Raises $750,000 In Just Two Weeks of Public Sale appeared first on CoinJournal.

Shiba Inu partners with D3 for “.shib” Top Level Domain

Shiba Inu and Viction are partnering with D3 Global to bring real domain names to SHIB and VIC holders.
The .shib and .vic domain names could open up the Shiba Inu and Viction ecosystems to global users.
The firms aim to apply and obtain the TLDs during ICANN’s next window.

Shiba Inu (SHIB) and Viction (VIC) communities could soon have access to .shib and .vic internet domain, thanks to the blockchain platforms’ partnership with domain name firm D3 Global.

The application for the domain names could see Shiba Inu and Viction expand their ecosystems, bringing more people across the globe to SHIB and VIC.

.shib and .vic domains big move for Shiba Inu and Viction

D3 officially announced the exclusive partnerships with Shiba Inu and Viction via a press release shared with CoinJournal. According to the D3, the firms are teaming up to apply and secure the Top-Level Domains (TLDs) through ICANN during its next application window.

We’re partnering with @ShibToken to apply for and obtain the .shib Top-Level Domain (TLD) 🤝

Learn more here 👉 https://t.co/ZBWtO4ubtA pic.twitter.com/zO3rZPavWi

— D3 (@D3inc) December 19, 2023

As cryptocurrency platforms and providers seek further interoperability for Web2 and Web3, the need for compatible internet domains is growing. Integration means naming systems that can work across websites, email, and mobile devices.

D3’s alliance will see the crypto platforms tap into its patent-pending platform to access the benefits of “real Web3 domains.”

Commenting on the partnership and what it means for Web3, D3 CEO Fred Hsu, said: “Our vision is to make Web3 more accessible, transparent, scalable and secure by building futureproof, interoperable digital identities with DNS at the foundation.

Shiba Inu announced its Shib Name Service (SNS) in late October bringing human-readable addresses to Shibarium.  Its partnership with D3 will see SNS transition to the internet domain provider’s platform, making names .shib available to internet users across the world.

 “Our partnership with D3 allows us to scale outside of the existing #ShibArmy and give over 5 billion Internet users direct access to the SHIB ecosystem,” Shytoshi Kusama, Lead Developer of Shiba Inu, said in a statement.

Bringing real domains to SHIB is a big deal, expanding our vision for digital identities within our decentralized ecosystem, while driving long-term revenue generation within the ecosystem,” Kusama added.

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Galaxy Digital CEO predicts Bitcoin ETF approval by January 10 as Everlodge tokenizes real estate

Galaxy Digital CEO predicts Bitcoin ETF approval by Jan 10, citing market dynamics and SEC urgency.
Everlodge disrupts real estate with blockchain and fractional ownership.
Everlodge’s ELDG token features discounts, rewards, and staking; the Beta presale stage attracts investor attention.

Galaxy Digital CEO Michael Novogratz’s recent insights into the highly anticipated Bitcoin ETF approval set the stage for a dynamic landscape for Bitcoin (BTC) and the entire crypto market.

As Bitcoin continues to make waves, Everlodge, a unique property marketplace, enters the fray with an innovative approach to fractional vacation home ownership. This article delves into Novogratz’s predictions, the significance of January 10th, and why the Everlodge presale is capturing attention as a promising investment opportunity.

Bitcoin ETF approval anticipation 

Michael Novogratz, the CEO of Galaxy Digital, has sparked excitement in the cryptocurrency community with his bold prediction regarding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). In a recent CNBC interview, Novogratz pointed out Bitcoin’s remarkable 150% surge over the past year, attributing this bullish trend to the Federal Reserve’s dovish stance.

The anticipation revolves around the critical date of January 10th, a potential deadline with legal implications. Novogratz confidently stated, “We’re gonna get this ETF before Jan. 10.” He underscored the urgency tied to SEC Chair Gary Gensler and potential legal repercussions involving Grayscale, adding a layer of significance to this anticipated milestone.

“The Fed’s pivot is really important. That press conference was as dovish as anybody expected and the markets are behaving that way,” says @Novogratz. “#Crypto likes it. We are going to get this ETF before January 10.” pic.twitter.com/Tu7uSHiPcV

— Squawk Box (@SquawkCNBC) December 19, 2023

Everlodge: revolutionizing fractional vacation home ownership

Transitioning from the dynamic Bitcoin landscape, Everlodge emerges as a disruptive force in the real estate market.

Everlodge positions itself as a property marketplace that allows users to fractionally invest in hotels, vacation homes, and luxury villas, leveraging blockchain technology. What sets Everlodge apart is its integration of fractional vacation home ownership, timeshare, and NFT technology, creating a unique amalgamation of traditional and cutting-edge approaches. It digitizes and fractionalizes real estate, allowing users to invest in smaller amounts while enjoying the potential for value appreciation.

Everlodge is currently in the presale stage of its native token, EDLG, which has become a focal point for investors seeking diverse investment opportunities. The EDLG presale, currently in its Beta stage, offers a unique chance to get involved in the world’s first property marketplace for fractional vacation home ownership.

The ELDG token offers holders discounts on property purchases, rewards in the form of free nightly stays, and staking opportunities for fixed monthly interest. The Everlodge ecosystem, comprising a marketplace, launchpad, rewards club, and lending platform, adds layers of utility to the token.

Conclusion

Novogratz’s optimism extends to the regulatory front. While acknowledging hurdles posed by certain politicians and corporate leaders, including Elizabeth Warren and the Biden White House, he sees potential progress through a bipartisan group.

The convergence of Galaxy Digital’s Bitcoin ETF predictions and Everlodge’s groundbreaking approach to property ownership sets the stage for a dynamic period in the financial and real estate markets. Investors and enthusiasts alike are navigating this landscape with cautious optimism, looking towards January 10th and beyond.

The post Galaxy Digital CEO predicts Bitcoin ETF approval by January 10 as Everlodge tokenizes real estate appeared first on CoinJournal.

Solana (SOL) briefly flips XRP as Meme Moguls (MGLS) presale creates buzz

Solana (SOL) briefly flipped XRP as its market cap rose above $33 billion.
Analysts are bullish on SOL price, noting the potential for upside continuation.
Meme Moguls (MGLS), a new meme-based token, is creating waves in the market as its presale breezes through stage 2.

Solana (SOL) has outperformed Bitcoin and all top altcoins in the past few months. As bulls looked to strengthen above $70 on Wednesday, Solana’s market cap briefly flipped that of XRP.

Elsewhere, meme-based crypto token Meme Moguls (MGLS) looks poised for a potentially explosive 2024.

Solana price prediction as SOL briefly flips XRP

Solana (SOL) has soared more than 600% since its lows in December 2022. The smart contracts blockchain platform’s native token has in the process recouped losses suffered when the broader contagion caused by the collapse of crypto exchange FTX pushed SOL to below $10.

Having traded to highs of $79, Solana bulls are likely to eye $100 in coming weeks as its bullish momentum strengthens. Today’s brief flippening of XRP came as recent gains sparked by the meme coin Bonk (BONK) pushed SOL’s market cap above $33 billion on December 20.

According to one crypto analyst, Solana’s upside trend is likely to continue amid its “bullish consolidation.”

There’s no doubt this is going higher,” pseudonymous analyst The Crypto Dog opined on X.

Meme Moguls (MGLS): A meme token poised for explosive 2024

Meme Moguls (MGLS) is a new crypto platform designed for both the seasoned trader and meme enthusiast. It’s offering of a play-to-earn (P2E) game ecosystem where anyone can hop onto the latest trends in crypto, harnessing their trading skills to earn lucrative rewards in the native MGLS token.

This could be via leaderboard competitions, staking, and NFT trading among other innovative ways that put MGLS holders in control of how to add to their returns as they support the ecosystem or play against other community members.

Meme Moguls has outlined a presale that will see 60% of the 3 billion token supply go to the community of early users. The potential for this token to become the next Pepe, Bonk, Shiba Inu or Dogecoin has the crypto market buzzing about its presale.

Meme Moguls (MGLS) presale

Having started at just $0.0019 per token, the wave being witnessed as traders snap up $MGLS has pushed the price to $0.0023, with over $600,000 raised in stage 2 so far. 

According to details on the Meme Moguls presale page, there less than 164 million tokens remaining before the the next stage and price increases.

While still in presale, the huge interest currently engulfing the Meme Moguls’ early bird offer could help catapult prices higher when the project launches in early 2024. According to projections, the price of MGLS could see a 100x move if the crypto bull market rolls in as forecast.

If you are considering taking a look at this project to learn about its tokenomics and utility, the whitepaper is available here.

The post Solana (SOL) briefly flips XRP as Meme Moguls (MGLS) presale creates buzz appeared first on CoinJournal.


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