Monat: November 2023

• Injective (INJ) price surged by nearly 10% as it hit an intraday high of $18.24.
• The gains came as OKX added support for INJ on its spot markets and the community burned more than $65k worth of INJ.
• INJ price is just 28% off its all-time high of $24.89 reached in April 2021.

Injective (INJ) price surged on Thursday as positive catalysts helped bulls break above recent resistance levels. The INJ token reached intraday highs of $18.24, soaring nearly double digits on the day as buyers pushed for the all-time high above $20.

OKX lists INJ, burn auction continues

OKX added support for Injective (INJ) on November 30, opening deposits for INJ/USDT at 6 am UTC. The token opened for spot trading at 10 am UTC.

The Injective team also announced that the community burned $65,000 worth of tokens (3,986.52 INJ), adding to the weekly burns that have been carried out every Wednesday since mainnet launch in 2021. The weekly burn accounts for 60% of all dApps fees.

3/ Yesterday, over $65,000 worth of $INJ was burned 🔥 pic.twitter.com/b59ZKHlx0c

— Injective 🥷 (@Injective_) November 30, 2023

With today’s gains, which came after the latest burn action and listing of INJ for spot trading by crypto exchange OKX, its likely further upside could bring the ATH of $24.89 reached in April 2021 into view. That price is now just 28% away, going by the price of $18.06 at the time of writing.

Injective has soared more than 18% in the past week and 37% over the past month. The price of the layer-1 blockchain’s native token has skyrocketed 940% since hitting new lows a year ago. Trading volume rose 56% in the past 24 hours to over $128 million.

The post Injective surges after latest burn auction and OKX listing appeared first on CoinJournal.

• On-chain debt securities marketplace Obligate launches on Base
• Obligate is a Swiss-regulated on-chain bonds platform, while Base is an Ethereum layer-2 scaling platform launched by Coinbase.
• Deployment on Base will help with institutional adoption of on-chain debt securities, Obligate’s head of partnerships said in an announcement.

Obligate, a Swiss-regulated blockchain marketplace for capital markets, has deployed on Base, the Ethereum layer-2 scaling solution launched by Coinbase.

In an announcement published on Thursday, Obligate termed the development as a significant milestone in the quest to promote adoption of on-chain debt securities to more users. 

Obligate is now live on Base! A monumental step for on-chain debt capital markets, powered by @BuildOnBase, @Coinbase’s Ethereum Layer 2 incubation. https://t.co/8K3fa3aQfA

— Obligate (@obligatecom) November 30, 2023

With demand for on-chain bonds on the rise across the DeFi market, today’s launch is a key step that will see more institutional investors adopt blockchain-native assets.

“Base’s commitment to creating a more open financial system aligns closely with our vision of fostering institutional engagement in on-chain capital markets,” said Matthias Wyss, the head of strategic partnerships at Obligate.

Noting that deploying on Base will give more institutions the tools and infrastructure they need to participate in on-chain debt capital markets, Wyss added:

“Our deployment on Base exemplifies a shared vision to surmount the barriers confronting institutions, offering them a secure and efficient portal to engage with on-chain debt products. Make no mistake, this represents a paradigm shift in the integration of blockchain technology into institutional finance.”

Base launched in early August and has seen considerable growth since, with revenue recently surpassing $10 million. The L2’s monthly active user count has also been impressive, with over 1 million on average.

Obligate raised $8.5 million in its seed funding round, with backers including Earlybird, Blockchange Ventures, SIX Fintech Ventures and Circle Ventures.

The post On-chain debt securities marketplace Obligate launches on Base appeared first on CoinJournal.

• Meme coins have shown a resurgence in recent weeks as AI tokens surge.
• Shiba Memu presale has raised over $4.6 million with 29 days to the final offer date.
• Could this be the opportune moment to buy SHMU?

Data shows AI tokens have been on the rise in recent weeks, helped by a massive forecast for the sector by leading tech companies. Amid this outlook, is Shiba Memu, whose presale countdown is now down to just 29 days, worth buying?

AI tokens have surged in recent weeks

Artificial intelligence-powered tokens have had a decent run in recent weeks. According to data shared by crypto research and on-chain analytics platform Kaiko, AI-related tokens recorded increased trading volumes in November, hitting a peak of $3 billion.

Trade volume for AI-related tokens has surged since the middle of October, led by $RNDR, $WLD, and $FET. pic.twitter.com/iuR2nMIwsY

— Kaiko (@KaikoData) November 28, 2023

Trading volumes have soared since mid-October, with Render (RNDR) Worldcoin (WLD), Fetch.ai (FET) and SingularityNET (AGIX) accounting for the largest share. While the overall upside flip in crypto prices in November might have helped the AI tokens, the broader bullish sentiment around this topic could have played a role.

Analysts forecast the trend to continue, particularly as major mainstream companies like Nvidia, Microsoft, Amazon and Google bet on the success of AI integration. It’s an outlook likely to see solid crypto AI tokens rally in 2024.

As crypto looks to turn the page amid recent events around Binance and its former CEO Changpeng Zhao, could the positive outlook for AI tokens cascade into new projects looking to break onto the scene? Could Shiba Memu be worth buying ahead of the likely bull market?

Shiba Memu – a new AI meme coin

The Shiba Memu’s potential to dominate the memecoin world could come down to its powerful marketing and utility. With AI and crypto already hot topics in the investment space, what Shiba Memu adds is a solid meme-inspired genius.

Natural language processing, predictive analytics and image/video recognition are some of the tools that Shiba Memu deploys to create an AI dashboard set to run memeworld’s self-sufficient ecosystem. The interactive AI dashboard will be a 24/7 marketing machine capable of self-improvement.

Is Shiba Memu worth buying?

Meme coins have returned to the limelight in recent weeks, thanks to breakout performances for the likes of Memecoin (MEME) and Bonk (BONK). Even those to lose momentum as crypto stalled – Dogecoin, Shiba Inu and Pepe – have recorded positive returns in the past month.

As noted, Shiba Memu is a new AI-powered crypto token currently in presale. The huge interest in AI tokens has seen investors hunting for the next gem take positions in its SHMU presale. The project has so far raised more than $4.6 million and with the presale on for the next 29 days only, now could be the opportune time to buy.

SHMU is currently priced at $0.044425 and will continue to rise throughout, with increases programmed to occur every day at 6 pm GMT. 

If analysts’ predictions for AI, Bitcoin and cryptocurrencies materialize in the next 12-24 months, then buying SHMU before the presale ends could be a big move for any investor. However, it should be noted that projections are not a guarantee of future performance. 

Are you are interested in Shiba Memu? Learn more here.

The post Shiba Memu hits $4.6M in presale, but is SHMU worth buying? appeared first on CoinJournal.

• IOTA broke above a key level after news of the $100 million DLT foundation.
• Everlodge presale price has risen to $0.025 and is projected to hit $0.035 by the time it launches.
• By the time ELDG launches on major exchanges, its value could be 280% higher than the initial price of $0.01

The price of IOTA (IOTA) soared to above $0.28, its highest level since early October 2022. Meanwhile, positive sentiment across the crypto market has seeped into Everlodge (ELDG). With bullish momentum likely to push IOTA and other crypto prices higher, is this the time to diversify portfolios?

Here’s a look at IOTA’s potential price performance as well as why fractional investments on the blockchain are one of the hottest trends today – with Everlodge positioned to be the main player in the fast-rising property investment sector.

IOTA’s key DLT Foundation launch

IOTA (IOTA) is a distributed ledger, whose native coin is used as a unit of transaction. While it runs a peer-to-peer network, it’s not a blockchain. Its distributed ledger is called Tangle, and utilizes the Directed Acyclic Graph (DAG) technology.

Although the network has lagged since its early break into the ecosystem, recent bullish developments are putting analysts on the watch and investors interested. 

This includes the unveiling of ShimmerEVM, the Ethereum-compatible blockchain that supports smart contracts and allows for dApps not possible on IOTA to be deployed on the mainnet.

The latest bullish news came on November 29, when the IOTA Foundation announced it had secured registration for an ecosystem foundation. The IOTA Ecosystem DLT Foundation is the first of such in Abu Dhabi and will support growth and adoption of IOTA in the Middle East and North Africa (MENA).

This venture is to be powered by a $100 million funding paid for in the native tokens. Can this news help the price?

IOTA price prediction – can bulls retest $0.30

IOTA has pared some of the gains seen on Wednesday, trading to around $0.23. However, the native token of the permissionless distributed ledger technology platform remains above the key technical level of $0.20 after printing vertical gains of over 50%.

If bulls hold above $0.20, a rebound to intraday highs could set this token perfectly for a retest of $0.30. Above this, the first major resistance area could be at $0.36, a rejection point in June and August 2022.

But despite this outlook, IOTA is still in a long-term downtrend. The coin’s value has not hit a bullish trend since nosediving from highs of $2.00 in August 2021. The all-time high was $5.25, reached in December 2017.

Everlodge – fractional real estate investment on the blockchain

The world of investment is growing fast, and nowhere more so than in the realm of blockchain technology. Everlodge seeks to bring this reality to crypto investors with the first property marketplace for fractional ownership of homes, hotels and luxury villas.

Leveraging blockchain, timeshare and non-fungible token (NFT) technology, this platform brings “AirBnb”-style investment onto Web3.

For instance, a luxury villa in an upmarket location can be digitized, with titles and deeds secured on the blockchain via smart contracts. Then an NFT of the property is minted and fractionalized to allow small purchases for investors. These will be possible via the ELDG token.

When this project launches, it will include a marketplace, Launchpad, and lending platform.

Everlodge (ELDG) price projected to rise 280% during presale

Everlodge’s innovative project could be a massive opportunity with the global real estate market estimated at over $280 trillion and the hospitality industry alone at more than $4.5 trillion (as of 2022).

ELDG is an Ethereum-based token that will be the payment currency of the Everlodge ecosystem. It will have a total fixed supply of 800 million tokens. Holders will enjoy bonuses, discounts on trading fees and staking rewards. The project also promises to offer a complete package in terms of what an investor can enjoy, and the presale shows.

There will be a total of 480 million tokens on offer in the presale, with the fundraising target at $12 million.

Having launched with the initial price of $0.01, the value of the token has increased 150% to $0.025. This price is projected to reach $0.035, potentially offering 280% in returns to early birds. These are however only paper gains as investors will only claim their tokens when the project officially launches.

Learn more about Everlodge (ELDG) here.

The post IOTA targets $0.30 after bullish DLT news as investors diversify with Everlodge (ELDG) appeared first on CoinJournal.

• Alchemy Pay has integrated Euro Instant solution, SEPA Instant, and Faster Payments
• SEPA Instant enables European users to buy up to 5,000 euros in cryptocurrency.
• Faster Payments in the UK accommodates transfers of up to 5,000 British pounds.

Cryptocurrency payment platform Alchemy Pay has bolstered its payment infrastructure, introducing new deposit options across Europe and the United Kingdom.

The platform has integrated the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and Faster Payments in the UK to simplify crypto transactions for users in 30 European countries and the UK, with swift processing times and defined transaction limits.

Enhanced accessibility and transaction flexibility

The move by Alchemy Pay to integrate the various on-ramps in Europe and the UK is a significant strides in expanding its payment options, to offer enhanced deposit channels in Europe and the United Kingdom.

With the addition of the Euro Instant solution, SEPA Instant, and Faster Payments, Alchemy Pay aims to streamline the process of purchasing cryptocurrencies like Bitcoin for its European user base.

European users of Alchemy Pay can now seamlessly engage in cryptocurrency transactions with the introduction of SEPA Instant and Faster Payments. SEPA Instant allows users to buy up to 5,000 euros ($5,460) in cryptocurrency, while Faster Payments in the UK accommodates transfers of up to 5,000 British pounds ($6,320). These transaction limits are designed to cater to varying user preferences and financial needs.

Alchemy Pay’s global expansion

Alchemy Pay’s recent move to support SEPA Instant and Faster Payments in Europe aligns with its overarching strategy of broadening its payment network.

The platform, already supporting 300 fiat payment channels across 173 countries, is actively expanding its services globally.

In addition to SEPA Instant and Faster Payments, Alchemy Pay continues to bolster its support for various local payment channels, including the Polish Blik payment system, Bancontact, Skrill, and others. This diversity provides users with multiple options, ensuring flexibility in choosing their preferred payment methods.

To uphold regulatory standards, Alchemy Pay emphasizes the completion of Know Your Customer (KYC) checks for users in the European markets. This commitment to compliance aligns with the company’s strategy of obtaining licenses in various regions, including recent acquisitions in the United States, Indonesia, and Lithuania.

The post Alchemy Pay expands crypto payment options in Europe and the UK appeared first on CoinJournal.