Monat: November 2023

• Georgia’s central bank has partnered with Ripple to pilot the country’s CBDC project, Digital Lari (GEL).
• The National Bank of Georgia picked Ripple as its technology partner and will jointly plan and seek to deliver the pilot program.
•  GEL will leverage the Ripple CBDC Platform, which is powered by XRP Ledger (XRPL).

Ripple continues to see tremendous traction in terms of the adoption, with central banks, major financial institutions and governments integrating its cross-border payments technology. 

The latest milestone, according to a news release published Thursday, is a partnership with the National Bank of Georgia (NBG). 

News of the partnership comes just hours after Dubai Financial Services Authority (DFSA) announced it had approved Ripple’s XRP to allow firms integrate it in their digital asset services. 

Georgia picks Ripple for its digital Lari pilot

Per today’s announcement, Ripple is the central bank’s official technology partner, and will collaborate via the Ripple CBDC Platform on the country’s Digital Lari (GEL). The selection came after a competitive process that saw shortlisted parties submit a Project Execution Plan (PEP) and a demonstration of their technology.

“The committee selected Ripple due to its technical excellence and the expertise of its team. We look forward to moving ahead with Ripple and we are grateful to all other participating companies for their interest and efforts in the selection process”, Natia Turnava, the acting governor of the NBG, said.

As reported, the testing phase of the project will leverage Ripple’s CBDC technology to evaluate GEL’s practical use cases and potential benefits for the public, businesses and retail users.

Ripple is “currently conducting five pilot programs with different countries’ governments and central banks,” NBG noted in the press release. They include pilots in Bhutan, Hong Kong, Palau, Montenegro, and Colombia. The company is also engaging with more than 20 countries globally.

Ripple’s CBDC technology is powered by the XRP Ledger (XRPL).

The post Georgia selects Ripple as key partner for its Digital Lari pilot project appeared first on CoinJournal.

• Binance will list Memecoin (MEME) for spot trading on November 3 at 08:00 UTC.
• The announcement has sparked fresh interest in meme tokens, with the market bullish on Memeinator (MMTR).
• This price prediction for MEME and MMTR looks at what makes the new tokens unique and attractive to traders.

Memecoin ($MEME) is trending amid the latest news from Binance, the world’s largest crypto exchange by trading volume. Per an announcement published today, trading support for $MEME starts on Friday, November 3.

Memecoin’s listing on Binance means the token could benefit from wider market visibility, with demand amid the ongoing MEME farming driving interest amid a resurgence in meme trading. 

Can the listing catalyse MEME price to gains that mirror previous tokens such as Pepe? What does this mean for presale projects such as Memeinator?

Binance adds trading support for Memecoin (MEME)

Days after the exchange launched $MEME as the 39th token on the Binance Launchpool, it has announced support for trading for multiple pairs as from November 3 at 08:00 (UTC).

#Binance will open trading for Memecoin $MEME on November 3, 2023 at 08:00 (UTC).

More details here 👇 https://t.co/R1ljo0neae

— Binance (@binance) November 2, 2023

Trading support for Memecoin will be available for trading pairs that include BNB, BTC, USDT, FDUSD, TUSD, and TRY. Binance is also set to enable Trading Bots services for the MEME/USDT pair, with the service accessible 48 hours after trading starts.

The listing news has sparked fresh interest in the meme tokens, with traders keen to position themselves amid growing bullishness in the market.

Memecoin (MEME) vs. Memeinator (MMTR) – what’s unique?

Memecoin (MEME) is the native token of Memeland, a Web3 venture studio and crypto ecosystem developed by the popular meme-sharing platform 9GAG. 

Interest in the ERC-20 token standard compatible MEME has grown as the project seeks to blend NFTs, gaming, and the metaverse to align with overall growth within the memecoin ecosystem.

Memeinator (MMTR) is a new AI-powered meme coin project that seeks to rise to the top of the memecoin world by “destroying” weak rivals. The project is currently in presale and has raised more than $1.1 million so far. Other than building a marketing powerhouse powered by artificial intelligence, Memeinator integrates a gaming platform, NFTs and offers staking to holders of its MMTR token.

The excitement around this project has analysts comparing its potential price outlook after it hits tier 1 exchanges to what Shiba Inu, Pepe, and Floki Inu experienced.

Memecoin (MEME) price prediction

The cryptocurrency market, including meme tokens, is still largely volatile. But while the future performance of tokens such as MEME and MMTR could depend on various market conditions and events, Memecoin’s listing on Binance has the potential to catapult its price higher.

Having been priced at $0.001 during the recent firesale, harnessing the power of meme culture could see MEME ride the expected bullish sentiment to target $0.1. This outlook will likely hold if Memecoin gains traction by leveraging the community around Memeland and 9GAG.

Memeinator (MMTR) price prediction

This Memeinator price forecast looks at the presale that is currently at stage 5, and what’s likely to happen if the project launches successfully down the road. (Check the Memeinator roadmap here).

Memeinator’s short term goal is to reach a market cap of $1 billion, which for early investors, could mean a real bargain at current prices. It’s possible this token could topple many of the meme coins that offer no utility, have no clear roadmap and whose traction relies purely on hype. 

Notably, MMTR is priced at $0.0125 and the next stage is set to see the price increase to $0.0133. MMTR price during the presale will continue to rise through the 29 stages, finally reaching $0.049. It’s possible a bull market performance could have MMTR trading significantly higher than $0.1. 

The post Binance to list Memecoin (MEME): Will this spark Memeinator (MMTR)? appeared first on CoinJournal.