Veröffentlicht am

FXT Token (FTT) plummets after SBF was found guilty

  • FTX token (FTT) plummets to $1.1579 after founder SBF’s fraud verdict.
  • SBF was found guilty on all seven counts after a 15-day trial.
  • Sam Bankman-Fried sentencing is scheduled for March 28, 2024.

The price of FXT Token (FTT) has taken a severe hit, plummeting to its lowest point of the year at $1.1579, a drop of 8%.

FXT token price chart

 

This significant decline comes in the wake of the guilty verdict for Sam Bankman-Fried (SBF), the founder of FTX, which once listed among the leading cryptocurrency exchanges.

Sam Bankman-Fried verdict

The primary catalyst for this latest drop is the outcome of SBF’s trial, where he was found guilty on seven counts related to fraud and conspiracy. These charges include conspiracy to commit wire fraud, political fraud, and more.

The trial against Sam Bankman-Fried lasted for 15 days, during which former associates testified against him, alleging his involvement in fraudulent activities that resulted in substantial financial losses for FTX customers. While SBF’s legal defence argued that he did not have any intent to defraud his customers or investors, the jury’s verdict spoke otherwise. Sam Bankman-Fried also gave his testimony starting on October 26.

FXT Token (FTT) price

FTT has witnessed a remarkable downfall, with its value sliding over 98% from its all-time high of $85.02.

In the past 24 hours, FTT’s price has seen fluctuations, ranging from a low of $1.16 to a high of $1.32. Its 52-week low was recorded at $0.77, and the highest point reached $25.86. However, the coin has struggled to recover since its all-time high.

The negative sentiment surrounding FTT began to emerge in November when the FTX filed for bankruptcy. This event significantly eroded market confidence in FTT, which was once trading at an all-time high of $85.02.

Despite these challenges, there is a glimmer of hope for FTT and FTX under new management. The exchange is striving to recover over $7 billion in lost funds and potentially rebrand itself. This effort could redefine the future of the exchange and FTT, offering a fresh start following a period of significant difficulties.

The post FXT Token (FTT) plummets after SBF was found guilty appeared first on CoinJournal.

Veröffentlicht am

Trust Wallet Token (TWT) jumps following Binance Futures listing

  • TWT price soaring after Binance Futures listing.
  • Binance listing fuels TWT’s impressive price surge.
  • TWT draws comparisons to Binance Coin (BNB), piquing investor interest.

In recent market development, Trust Wallet Token (TWT) has seen a remarkable pump in its price, catapulting by an impressive 18% price rise in a week.

This hike, reminiscent of its peak price back in April, is attributed to TWT’s listing on Binance Futures.

Binance Futures listing sparks enthusiasm

TWT, the native token associated with Trust Wallet, which is closely linked to Binance, has garnered attention with its recent addition to the Binance Futures market. The move marks Trust Wallet’s endeavour to expand its presence and offer its users a broader range of trading options.

Listing on Binance Futures, a prominent player in the cryptocurrency exchange space, has traditionally been associated with heightened price action. The immediate 22% surge in TWT’s value underscores the impact such listings can have on the digital asset’s price, fueling market enthusiasm.

TWT price movements

TWT, at the time of writing, stands at $1.24 USD, with a market capitalization of over $515 million. The token is ranked 71st in terms of market capitalization. TWT’s 24-hour trading volume reached an impressive $188.9 million, further underscoring the strong interest in the token following its Binance Futures debut.

With a circulating supply of 416,649,900 TWT tokens, accounting for approximately 41.66% of the total supply, TWT has a maximum supply capped at 1 billion tokens. Its fully diluted market capitalization is estimated at $1.24 billion USD.

Investors and enthusiasts are closely watching TWT as it garners comparisons with Binance Coin (BNB). The potential for TWT’s success is a topic of discussion, especially given its association with Binance and its similarities with wallet tokens like the expected MetaMask coin.

TWT’s price performance, along with the dynamics of its association with the Trust Wallet ecosystem and the broader cryptocurrency market, will likely continue to draw attention and speculation in the coming days.

The post Trust Wallet Token (TWT) jumps following Binance Futures listing appeared first on CoinJournal.

Veröffentlicht am

What is the bullish potential for Memeinator as the price rises to $0.0125 in presale?

  • Memeinator aims to dominate by destroying weak meme cryptocurrencies.

  • Memeinator has entered stage 5 of the presale as the price rose to $0.0125.

  • MMTR could rise 10x in 2024 and 50x in 2025 on increased speculation and demand.

With 5 of 29 stages completed, Memeinator has shown no signs of stopping its fire presale. Over $1.128 million has been raised through stage 5, helping the token rise to $0.0125. The price is now set to rise to $0.0133 in the next stage, delivering substantial returns to presale buyers. After its 29-stage presale, Memeinator will have returned 132% ROI to early investors. The post-listing gains are projected to be huge, owing to Memeinator’s value proposition.

“Meme killer” Memeinator role in meme space

Think of big names in the meme investment landscape. Dogecoin, Shiba Inu, and PEPE are notable examples that have made a killing for investors. This hasn’t always been the case for other meme projects, which have suffered a natural death. Investors of the low-quality memes have sustained losses, raising scrutiny over their value.

Memeinator dubs as a “meme killer,” promising to take on non-original peers. Boasting cutting-edge AI technology, Memeinator will crawl the web and social forums. The aim is to eliminate low-quality memes. The AI use underlines Memeinator’s commitment to quality, helping investors invest in memes with high ROI. 

Memeinator also has an ambition of its own. The project aims to tap into meme mania and speculations to generate interest and demand. The project team will invest heavily in branding and marketing to become a sensation. The marketing will ensure everyone is talking about Memeinator, helping it claim a $1 billion market cap.

Is Memeinator a good investment?

Regarding meme investment, very few projects would be up for grabs. As such, sustainability separates the top meme tokens from the rest. Take the example of Dogecoin. The project has existed for a decade and has been tapped for payments on numerous outlets. This makes Dogecoin a potential sustainable meme project.

Memeinator is launching now, and it may be inconsiderate to evaluate it on the same parameters as Dogecoin. However, we know that AI is nearly a buzzword in 2023. It represents the future in many industries, including blockchain. By tapping into AI, Memeinator will attain sustainability through enhanced use cases in the meme space. The use could increase speculation on the token and allow its price to skyrocket.

The investment value of Memeinator is also enhanced by its use case in other Web 3.0 areas. Along with its promise of destruction, Memeinator will let its users participate in taking rival weak memes. The project will launch a game where players take on enemy memes in chaotic crushing and shootings. The game feature adds to the utility of Memeinator and helps in the token’s price discovery.

Passive income opportunities are also an attractive point for Memeinator investors. MMTR buyers will have an opportunity to commit some tokens to the project for regular rewards. Presale buyers will also earn exclusive NFTs that entitle them to potential gains and future perks.

Memeinator prediction in 2024, 2025

Memeinator will be listed on the best exchanges once the presale ends. Since the presale is in its initial stages, the token listing could occur in 2024. This is when increased speculations could unlock the token price.

Once listed, MMTR prices could rise by four-digit percentages in 2024. The projection reflects the frenzy that Memeinator has generated since launching the presale. 

In 2025, the price of Memeinator could increase based on its organic use. Memeinator will have officially begun taking shitcoins and is on its way to gaining the top meme position. New meme replicants that Memeinator seeks to launch could also unlock its future potential. In 2025 and beyond, the potential for Memeinator is a gain of up to 50x.

The post What is the bullish potential for Memeinator as the price rises to $0.0125 in presale? appeared first on CoinJournal.

Veröffentlicht am

$4.3 million raised in presale. Is Shiba Memu set to explode in 2024?

  • Shiba Memu has raised $4.35 million amid a high-flying presale.

  • The price of Shiba Memu increases every day, delivering high ROI to early investors.

  • The value of Shiba Memu will be unlocked when the token debuts on exchanges.

As investors grow anxious about the much-anticipated Shiba Memu listing, the presale attracts more demand. The project has raised $4.359 million, a statement of the token’s potential. But how much can this token rise once listed? To get more details on the presale, you can visit the project’s webpage.

Why has Shiba Memu been spectacular in the presale?

The high demand for Shiba Memu is not by accident. Shiba Memu is the first meme project to use AI to build self-sufficiency and attain a high ROI. The project uses AI to run its marketing campaigns, enabling it to dominate online chats and attract demand. The approach differs from other meme coins, which depend on human marketing to gain traction. 

Shiba Memu will reinvent itself using AI features such as machine learning and sentiment analysis. The AI can identify market opinions on social platforms and use them to create tailored messages. This way, Shiba Memu generates interest and counters adverse messages. 

Shiba Memu is also a social meme project. Users can access an AI dashboard to learn about Shiba Memu and its marketing activities. On the AI dashboard, users ask questions and propose improvements to the project. Users earn SHMU for their contributions, incentivising them to continue building Shiba Memu. 

About Shiba Memu presale and incentives

Apart from the novel use case through AI, Shiba Memu has been attractive to investors on presale. Presales are crowdfunding activities that enable upcoming projects to raise money before going public. The project benefits from an initial capital injection, while the investors acquire tokens at a fixed low price.

Since launching the presale, Shiba Memu’s price has risen by a whopping 245%. By the time the presale ends, the price will have risen further. The price increases have been made possible by the project’s tokenomics. The tokenomics allow the SHMU price to rise daily at 6 PM GMT. The incentivised presale is an opportunity for investors to receive higher-priced tokens.

Currently, the Shiba Memu token is valued at $0.038350. The attractive price makes a strong case for investors seeking to buy the tokens before the value skyrockets. 

Can Shiba Memu hit $1 in 2024?

Shiba Memu has made an impression since launching a presale. Like some of its predecessors, the price of Shiba Memu could rise by up to 1,000% or more in 2024. This is based on trends that show that prices of newly launched tokens skyrocket after debuting on exchanges.

Shiba Memu carries a unique AI angle, which makes it a candidate for a 10x gain. Meme cryptocurrencies also experience intense speculation after listing. Shiba Memu could replicate the gains given the early demand for the project.

A potential $1 price means Shiba Memu should rise by more than 1,000%. Although such a prediction is overambitious, it is attainable. For example, PEPE rose by 10,000% when listed earlier in the year. If Shiba Memu attracts a similar interest, a price of $1 is realistic for 2024 after listing.

Is Shiba Memu worth buying now?

Although Shiba Memu has made a significant leap since launching the presale, a lot remains to be made. The project has 56 days before the presale ends. Investors can profit from the daily price increases by buying the token now. 

Another advantage is the potential post-listing surge. Since Shiba Memu’s price is controlled through its tokenomics in presale, gains post-listing could be huge. Early backers will have made a fortune by the time investors start discovering Shiba Memu on exchanges. The benefits are an addition to investing in a long-term focused project based on the AI application. 

The post $4.3 million raised in presale. Is Shiba Memu set to explode in 2024? appeared first on CoinJournal.