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SocialFi platform RepubliK integrates Fireblocks to enhance its Web3 security

  • RepubliK is a SocialFi platform for the creator economy in Web3, powered by native token RPK.
  • The platform has integrated with Fireblocks, an institutional-graded blockchain infrastructure provider.
  • RepubliK will tap into Fireblocks’ technology to bolster its security.

SocialFi platform RepubliK is now integrated with Fireblocks, a digital asset management platform whose infrastructure has been used by BNY Mellon, ANZ Bank and Six Digital Exchange, and ABN Ambro among other firms.

The two platforms announced the integration via a press release shared with CoinJournal on Wednesday. They highlight the partnership as the first for any social media platform.

Eye on Web3 security

Fireblocks provides institutional-grade infrastructure for clients looking to create and deploy blockchain-based products. The platform also provides for secure management and storage of digital assets. 

This partnership with RepubliK will see the SocialFi platform’s users benefit from Fireblocks’ wallet security and multi-chain management features.

“As we venture into this exciting integration with Fireblocks, our focus remains steadfast on revolutionizing the gap between traditional web users and the burgeoning web3 space,” RepubliK CEO Daniel He said.

“We’re committed to building a secure social media experience by integrating top-tier security solutions. This partnership is a bold step towards bridging transparent, and user-centric ecosystem, where creativity and community engagement,” He added.

In particular, RepubliK will tap into Fireblocks’ technology to safeguard its creator and user community’s digital interactions and transactions. The platform believes this should have an overall positive impact on the social media landscape as more people transition from Web2 to Web3.

RepubliK leverages blockchain and smart contracts to allow for a creator economy, with a reward system that targets all users. The native token is RPK and users can collect XP points to earn more RPK. The RPK token can be used for staking, paying transaction fees and other network related activities.

RPK is currently listed on crypto exchanges such as Bybit, KuCoin and HTX.

The post SocialFi platform RepubliK integrates Fireblocks to enhance its Web3 security appeared first on CoinJournal.

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BONK price sees 12% drop as Solana pares gains

  • Bonk (BONK) was trading 12% down as Solana (SOL) moved lower after its recent surge.
  • An analyst says BONK could see a “slow bleed before nuke”, suggesting the downward move could gather pace.

Meme coin Bonk (BONK) is trading about 12% down in the past 24 hours, the dip coming amid increased profit taking deals for Solana (SOL).

According to data from CoinGecko, SOL price was down 2% to around $112 as the recent rally appeared to hit brakes above $123. These are the levels that Solana traded at as it nosedived in April 2022.

As liquidations for the cryptocurrency mounted to over $20 million – more than $12 million in longs – the pullback in SOL reflected in the Solana ecosystem tokens such as Bonk, Orca and Jito.

Bonk swelled more than 10x amid major exchange listings by Binance and Coinbase. The gains also saw a massive demand for Solana Saga phones.

What next for BONK?

While BONK remains the third largest by market cap behind Shiba Inu and Dogecoin with over $958 million, another swing lower could see CorgiAI threaten that status quo. The CORGIAI token currently has a market cap of $769 million, with the meme coin’s price up 80% this past week.

BONK is still more than 59% up in the past two weeks and over 350% in the green over the past month. However, at current prices, the meme coin has lost more than half of its value since hitting the all-time high of $0.00003416 on December 15.

Crypto analyst Nebraskagooner says BONK could see a “slow bleed” before it nukes.

“Doesn’t look done yet. Needs to hold the base of that breakout candle on the left otherwise it would get super ugly,” the analyst noted, sharing the prediction in a post on X (formerly Twitter).

The post BONK price sees 12% drop as Solana pares gains appeared first on CoinJournal.

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Memeinator’s presale officially hits $2.5M: Should you invest in the project now?

Key takeaways

  • The cryptocurrency market has been consolidating in recent days, with BTC still below $43k.

  • Memeinator’s presale has officially crossed the $2.5 million barrier as stage ten moves on smoothly. 

Bitcoin consolidates around $42k

Bitcoin and other leading altcoins have been underperforming in the last 24 hours. The poor performance comes as the market consolidates following a positive start to the week. 

At press time, the price of Bitcoin stands at $42,65, down by less than 1% in the last 24 hours. Other major altcoins are also trading in the red zone. Memecoins including Dogecoin have also been underperforming. 

What is Memeinator?

Although the broader crypto market is underperforming today, Memeinator’s presale continues to surge ahead. Memeinator is a Web3 project that is launching as a meme token. 

The project aims to help content creators generate better content. This will be achieved by changing how people change and use memes. Memeinator intends to leverage the hype around meme coins by providing users with numerous use cases.

According to their roadmap, Memeinator’s primary focus will be to target and destroy worthless memes, ensuring that there is a higher level of quality content available to users. 

It is an exciting meme coin project because it offers real-world utility to users. Memeinator will leverage AI and blockchain technology to identify worthless memes, allowing users to know and steer clear of them.

The whitepaper has detailed information on how the team intend to build Memeinator to become a billion-dollar market cap project. The whitepaper contains various strategies the team will deploy over the coming months and years. 

The Memeinator presale is currently in its tenth stage and has raised more than $2.5 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing. 

Memeinator’s presale raises over $2.5 million

The Memeinator presale continues to attract more investors and its tenth stage is close to an end. The development team has raised more than $2.5 million of the $2.8 million target it set for the current stage. 

At the moment, Memeinator’s MMTR token can only be purchased using ETH, USDT and USDC stablecoins. Furthermore, the token is available to users on the Ethereum and BNChain blockchains. 

Click here to read more about the Memeinator presale.

Why is the Memeinator project valuable?

The Memeinator presale is moving fast thanks to the influx of investors into the project. It offers real-world utility and activities on the network would be powered by its native MMTR token. 

Memeinator will offer utility to degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as its services would be available to content creators. 

With the help of AI, Memeinator users can analyze and evaluate memes across the internet. Thus, allowing them to identify lower-quality memes and replace or destroy them. 

Per the whitepaper, MMTR token holders will enjoy numerous incentives thanks to its excellent features. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, centralized exchange listing and liquidity. 

Is the Memeinator a good buy? 

It is the investor’s decision to determine projects that are worthy. However, Memeinator could be one of the leading meme coins in the near future. With the right level of adoption, Memeinator could reach its billion-dollar market cap in the coming years. 

By leveraging AI and blockchain, Memeinator will deploy two of the leading global technologies to provide solutions to content creators. Currently, its MMTR token is still in presale and could record a massive value increase once it gets listed on cryptocurrency exchanges.

The post Memeinator’s presale officially hits $2.5M: Should you invest in the project now? appeared first on CoinJournal.

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South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches

  • South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI.
  • Pullix disrupts crypto exchange norms: PLX token presale, hybrid approach, and unique incentives.
  • Governmental transparency and crypto innovation converge, shaping the future of finance.

In a groundbreaking move, South Korea’s Ministry of Personnel Management announces plans to launch an integrated asset disclosure service for public officials, ensuring unprecedented transparency starting next year.

Simultaneously, the crypto space witnesses Pullix’s assertive foray with an ongoing PLX token presale, challenging conventional trading norms.

South Korea’s push for transparency

South Korea is poised to revolutionize transparency in public service with an upcoming integrated asset disclosure service. In a press release, the Ministry of Personnel Management, under Director Kim Seung-ho, revealed that around 5,800 public officials will disclose details of their assets, including virtual assets, via the ‘Public Official Ethics System (PETI).’ The move follows the revision of the Public Official Ethics Act, making crypto assets part of the annual asset disclosure requirements for elected and high-ranking officials.

This initiative addresses the inconvenience faced by the public in accessing individual asset disclosures scattered across various official gazettes. The revamped system allows for a consolidated view of property disclosure details, enhancing accessibility and enabling searches using names or organization names. Additionally, the system promotes work efficiency by empowering personnel to manage the entire data process seamlessly.

Notably, the inclusion of virtual assets in property registration addresses the challenges posed by the expanding market size of cryptocurrencies. Virtual assets, added through the Act’s revision, now mandate reporting of transaction details for those subject to disclosure. The Ministry of Personnel Management has completed the reorganization of the public service ethics system, introducing functions related to virtual asset property registration.

Come June next year, major domestic virtual asset exchanges like Upbit, Bithumb, Coinone, Korbit, and Gopax plan to provide virtual asset holding status through separate information provision systems. This move is expected to eliminate blind spots in property registration and further meet the public’s expectations for transparency.

To avoid confusion in the field, the Ministry plans to publish a ’24-year regular property change reporting guide’ and conduct ‘on-site property registration circuit training’ in 17 cities and provinces.

Pullix’s hybrid crypto exchange concept

While South Korea takes strides in governmental transparency, the crypto space witnesses Pullix’s emergence with a unique hybrid exchange concept and an ongoing PLX token presale. Pullix aims to bridge the gap between decentralized and centralized exchanges, offering users a comprehensive trading experience.

The PLX token, central to Pullix’s ecosystem, introduces a novel “Trade-to-Earn” concept, enabling users to earn instant rewards for trading on the platform. Notably, PLX token holders benefit from a revenue-sharing mechanism, allowing them to profit from the daily revenue of the exchange.

Pullix’s approach to liquidity provision stands out by incentivizing users to provide liquidity, fostering a more competitive trading environment. The platform, set to launch in January 2024, boasts features like deep liquidity, leverage up to 1000:1, and a governance model that empowers token holders.

The hybrid DeFi platform ensures user security by allowing them to retain custody of their assets, addressing a key concern in the crypto community. Pullix’s commitment to privacy, zero commissions, and a diverse range of tradable assets position it as a strong contender in the evolving crypto exchange landscape.

Conclusion

As South Korea takes significant strides in enhancing governmental transparency, Pullix emerges as a promising player in the cryptocurrency trading and investment realm. The integration of virtual assets in public officials’ disclosures and the introduction of Pullix’s innovative features mark crucial developments in their respective domains.

These initiatives underscore the ongoing evolution of transparency, technology, and financial ecosystems, shaping a dynamic future for both government practices and cryptocurrency exchanges.

The post South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches appeared first on CoinJournal.

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Polygon, Render Token price prediction as Everlodge reshape real estate with tokenization

  • RNDR climbs steadily gaining 57% in the past month.
  • Polygon (MATIC) surges 21%, signalling a run for new yearly highs.
  • Everlodge reshapes real estate with fractional ownership, NFTs, and a dynamic ELDG token in its presale.

Render Token (RNDR) and Polygon (MATIC) are making waves with significant price movements. While RNDR experiences a surge and hints at potential highs, MATIC sees a seismic shift aiming for new yearly records.

Meanwhile, Everlodge is disrupting the real estate sector with tokenization and a revolutionary presale. Let’s delve into the technicalities of these developments, exploring price movements, predictions, and the innovative approach of Everlodge.

RNDR’s steady ascent

Render Token (RNDR) has been steadily climbing the crypto charts, showcasing resilience amid market volatility. Over the past week, RNDR witnessed a consistent rise, adding over 16% to its portfolio. This trend becomes more significant when looking at the cumulative gain of over 57% in the past month.

RNDR faced a brief consolidation phase, trading between $1.844 and $2.189. Bulls, however, gained power, breaking the price out of this range. Despite a short-lived rally with rejection at $2.542, RNDR has maintained stability, trading between $2.189 as support and $2.542 as resistance for approximately three weeks.

Render Token (RNDR) price prediction

RNDR has traded in a rising channel pattern since mid-September, showcasing a robust bullish sentiment.

RNDR price chart

 

Technical indicators, such as the 50-day EMA acting as dynamic support, hint at the potential for massive price action in the near future.

With the Relative Strength Index (RSI) staying above the mid-point and bullish convergence in averages, indications point towards continued value appreciation. If the bulls maintain momentum, RNDR might aim to reclaim its all-time high of $8.76 in the first quarter of 2024, potentially testing $6 by December 31st, 2023.

MATIC price: bulls charge for new highs

Polygon (MATIC) is on the verge of a breakthrough, soaring over 21% in early trading hours. The protocol’s bulls are aggressively pushing for new yearly highs, signalling readiness to surpass the crucial $0.9 price level. The recent surge is supported by a 179% jump in trading volume over the past 24 hours, reaching $2,145,624,558.

Polygon price prediction: analyst insights

Top market analyst Ali Martinez suggests that if MATIC surges above the $0.96 price point, a rally to $1.73 is likely before a breather. The analyst’s charts and projections highlight the potential for significant price movements.

However, the exact timeline for this rally remains uncertain, and investors are advised to stay vigilant.

Everlodge revolutionizing real estate investment

Everlodge is making headlines with its innovative approach to real estate investment. The platform combines fractional vacation home ownership with timeshare and NFT technology, introducing a groundbreaking property marketplace on the blockchain.

Currently in the beta stage of its presale, Everlodge is set to redefine how users co-own and invest in hotels, vacation homes, and luxury villas.

Everlodge Token (ELDG)

The ELDG token is central to Everlodge’s ecosystem, offering holders various benefits. These include discounts on property purchases, utility within the Everlodge platform, and rewards akin to timeshares, such as free nightly stays.

Staking ELDG tokens provide users with a fixed monthly interest, creating avenues for passive income.

Everlodge’s ELDG token operates on the Ethereum chain, with an initial price of $0.01 and a total fixed supply of 800,000,000. Notably, the project implements a dynamic pricing model, expecting a 280% price increase during the presale stage and a 30x rally on the launch day. The team has taken measures such as locking team tokens for 2 years and an 8-year liquidity pool lock to ensure transparency and prevent rug-pulls.

Conclusion

In a crypto landscape marked by innovation and volatility, RNDR and MATIC’s price movements signify potential shifts in the market. Meanwhile, Everlodge’s disruptive model in real estate adds a new dimension to blockchain applications.

As these cryptocurrencies chart their way, the above market predictions and analysis could help crypto investors and enthusiasts alike identify investment opportunities heading into 2024.

The post Polygon, Render Token price prediction as Everlodge reshape real estate with tokenization appeared first on CoinJournal.