Monat: März 2024

• Worldcoin (WLD) price jumped to a new all-time high of $10.92 on March 9.
• Gains have come amid fresh developments at OpenAI, where WLD co-creator Sam Altman is the CEO.
• Worldcoin contributor Tools for Humanity recently filed a lawsuit against Spanish authorities.

The price of Worldcoin (WLD) has spiked more than 50% in the past 24 hours, reaching a new all-time high above $11.

WLD, which traded at lows of $7.47 early Saturday, soared past the psychological $10 level. This sees bulls eyeing new heights amid price discovery, with price testing $11.05 on Binance.

Worldcoin price was up 48% in 24 hours at the time of writing, and 358% in the past 30 days. Data from CoinGecko also shows 24-hour trading volume was up 286% to $1.56 billion.

Worldcoin price surges as Altman returns to OpenAI board

Worldcoin’s latest spike above $10 comes as OpenAI CEO Sam Altman returned to the company’s board of directors, with this happening amid the inclusion of new members. Altman’s comeback continues after the debacle that followed his ouster and swift reinstatement as CEO in 2023.

Meanwhile, new board members Fidji Simo, Sue Desmond-Hellmann, and Nicole Seligman have joined. OpenAI’s release of the text-to-video AI model Sora in February helped WLD price surge alongside other AI-related tokens.

However, earlier this month, Worldcoin’s price fell more than 5% to lows of $6.10 after Elon Musk sued OpenAI.

The token’s value also faced downside pressure this week as Spanish authorities ordered Worldcoin to halt its activities in the country. The three-month ban was down to concerns around the project’s biometric data privacy.

In a blog post published March 6, Worldcoin stated that it had operated “lawfully in Spain.” This includes its engagement with BayLDA, the regulatory watchdog for GDPR compliance in the EU.

“It is unfortunate that the Spanish data protection authority (AEPD) is circumventing established procedures under GDPR with their actions today,” Jannick Preiwisch, Data Protection Officer at the Worldcoin Foundation, said in a statement.

The project has however paused all World ID verification services in the country. Meanwhile, Worldcoin contributor Tools for Humanity has filed a lawsuit against the AEPD order.

The post Worldcoin soars amid major development at OpenAI appeared first on CoinJournal.

• Uniswap community rejects fee proposal: UNI token price declines by 7%.
• Approximately 60% of voters voted against the proposal signaling a cautious approach to governance.
• The proposal rejection underscores the complexities of decentralized platforms like Uniswap.

On March 9th, Uniswap (UNI) price faced a notable decline despite positive market momentum, following the rejection of the UNI V3 Fees proposal by its community.

The proposal, whose voting commenced on March 3, had aimed to change the role of the Uniswap V3 Factory owner in determining fees, highlighting the intricate dynamics of decentralized governance within the Uniswap ecosystem.

The UNI V3 Fees proposal voting outcome

The rejection of the UNI V3 Fees proposal, with 30M UNI (59.89%) negative votes against it, showcases the diverse perspectives within the Uniswap community regarding governance and protocol amendments.

Despite arguments for increased flexibility and adaptability to market conditions, stakeholders demonstrated a preference for maintaining the existing fee structure.

Implications for Uniswap’s decentralized governance

The decision to uphold the current fee mechanism underscores the cautious approach of the Uniswap community towards protocol modifications.

While decentralized governance fosters inclusivity and community participation, achieving consensus and compromise remains crucial for meaningful changes.

The rejection of the fee proposal emphasizes the complexities inherent in decentralized platforms like Uniswap, where transparent communication and community consensus drive decision-making processes.

Uniswap (UNI) price reaction

Following the rejection, the UNI token experienced a 7% decline in price, indicating investor response to the voting outcome.

However, despite this setback, Uniswap recorded significant gains over the past week and month, reflecting continued interest and growth in the ecosystem. The UNI token has gained 17% over the past week and 120% over the past month.

The post Uniswap community rejects UNI V3 Fees proposal, UNI price declines appeared first on CoinJournal.

• Bitcoin Dogs (0DOG): Just six days to go before presale ends
• Analysts are bullish on Bitcoin price and the ecosystem building on top of the network.
• Bitcoin Dogs is one of the projects likely to dominate the NFT and game ecosystems on Bitcoin.

Bitcoin Dogs (0DOG) is on an astounding run, with the world’s first-ever ICO on Bitcoin hitting an impressive $9.2 million raised in just 24 days.

With crypto bullish and Bitcoin Dogs just six days off its presale end, the project could be poised to comfortably surpass its target of $9.5 million.

Bitcoin Dogs and Bitcoin (BTC) sentiment

Bitcoin’s price surge to an all-time high above $70k on Friday has the investors eyeing the next big rally – the post halving pump.

In the quest to position for the parabolic gains that could follow across the altcoin market, investors are aggressively positioning with top tokens.

This outlook is also helped by the overall sentiment around equities, with tech stocks seeing a decent run as analysts say the US Federal Reserve is likely hesitant to cut rates. The question of high consumer prices remains crucial. 

According to analysts, the Fed’s thinking may be that lowering rates could exacerbate inflation.

The market now anticipates the Fed to start cutting rates in the second half of the year, with this likely to coincide with the post-halving supply shock and other catalysts to boost BTC price. That rally in Bitcoin will also herald a new altseason, and investors are eying this potential late 2024 and 2025 with bets on promising projects.

Bitcoin Dogs in an emerging 500 billion Bitcoin ecosystem

Bitcoin Dogs launched the presale of its native token 0DOG on February 14, 2024. In a little over three weeks, its community has grown to over 134,000 on X and nearly 23,000 on Telegram.

Meanwhile, the ICO has attracted over $9.2 million, with the 30-day presale countdown flying by amid massive investor interest. 

Bitcoin Dogs has flourished in presale amid the growth witnessed in the Bitcoin ecosystem with regard to NFTs, BRC-20 tokens and decentralized finance (DeFi). The gaming component is also having a big splash as developers look to build on Bitcoin’s secure and decentralized network.

Projects such as Stacks (STX) have experienced a significant price spike as BTC roared towards its all-time high. With the Fear & Greed Index reaching extreme greed levels, AI tokens, GameFi and meme coins all soared.

Analysts have said that its still “very early” for Bitcoin (BTC) and that the Bitcoin network is a potential $500 billion market for NFTs, gaming and DeFi.

Could Bitcoin Dogs be the next big thing? The level of interest recorded during the project’s presale suggests 0DOG may currently be a big opportunity.

As of today, there are only six days to go before the Bitcoin Dogs presale ends on March 15, 2024. In this case, 0DOG at the current $0.0343 price looks like a real bargain.

The post Bitcoin Dogs hits an impressive $9.2M, presale ends next week appeared first on CoinJournal.

• Memecoin (MEME) price surges fueled by meme craze.
• MEME is projected to reclaim its ATH by the start of April.
• KangaMoon’s $KANG presale raises $675,995.01; offering a 10% bonus.

In the dynamic world of cryptocurrencies, two names have been making waves: Memecoin (MEME) and KangaMoon (KANG). MEME, with its recent bullish trend, has garnered attention, while KANG’s ongoing presale is creating a buzz in the crypto community.

Let’s delve into the details of MEME’s recent price movements, explore its future predictions, and understand the excitement surrounding KangaMoon’s $KANG presale.

Memecoin (MEME): riding the meme wave

In recent days, Memecoin (MEME) has experienced a bullish trend, with its 50-day moving average sloping upward. The current price of MEME stands at $0.04372, reflecting a substantial 93.39% increase over the past month.

This price surge can be attributed to the ongoing hype surrounding memecoins including Shiba Inu, Floki, and Dogecoin, where these playful digital assets are gaining immense popularity.

The meme coin fever is undeniably a major factor contributing to MEME’s recent price ascent, as investors flock to join the meme-driven crypto movement.

Memecoin (MEME) price prediction

Looking ahead, price predictions for MEME suggest a continued positive trajectory. The 50-day moving average, positioned below the current MEME price, serves as a potential support level in this bullish trend.

The Relative Strength Index (RSI) hovering within the 30-70 neutral zone indicates a balanced trend, suggesting MEME’s price could maintain this state for a while.

Based on current analysis, a 5% increase is anticipated by the end of this week, projecting a value of $0.045. As we peer into the crystal ball of future predictions, the forecast for the end of March 2024, hints at a sustained uptrend, reclaiming its all-time high of $0.05706 by April 2024.

KangaMoon: unlocking the Play-to-Earn experience

On a parallel track, KangaMoon has stepped into the limelight with its innovative $KANG presale. The presale event, currently in progress, has seen significant traction, reflecting the enthusiasm of the crypto community.

With a total supply of 1 billion $KANG tokens, the presale allocation stands at 600 million tokens.

The presale features a unique social-fi model, inviting participants to engage in weekly, monthly, and quarterly challenges for the chance to earn $KANG tokens and exclusive rewards.

KangaMoon’s commitment to fostering an engaged and vibrant community is evident in its Play2Earn features, allowing players to build characters, participate in battles, and even spectate and bet on outcomes.

At press time, the presale has raised $675,995.01, with 6.7% of the tokens sold and 93.3% remaining.

The current stage offers a 10% bonus on all purchases, making it an opportune moment for crypto enthusiasts to get involved in the KangaMoon movement.

The roadmap for KangaMoon includes exciting phases, from beta testing the P2E Arcade to listing on top-tier centralized exchanges.

Conclusion

Memecoin (MEME) and KangaMoon’s $KANG are emblematic of the evolving trends in the cryptocurrency space.

While MEME rides the memecoins wave with a bullish surge in price, KangaMoon’s $KANG presale introduces a dynamic play-to-earn experience.

The post Memecoin price forecast: can it keep up with the memecoins frenzy as the likes of Kangamoon rise appeared first on CoinJournal.