Bitget Token (BGB) surges as MEXC announces listing

  • Bitget will list MX Token (MX) while MEXC will add Bitget Token (BGB).
  • Both listings will be on July 31, with trading pairs BGB/USDT and MX/USDT.

Bitget Token (BGB), the utility token of crypto exchange Bitget, will be listed on MEXC Global on July 31, the exchanges announced on Friday.

MEXC will list the Bitget token in the Innovation Zone and has opened deposits for BGB. Initial supported pair will be BGB/USDT, with trading set for Monday, July 31 at 10:00 UTC. Withdrawals will be available from August 1, 2023 at 10:00 UTC, the exchange noted

As MEXC lists BGB, Bitget will also be adding trading support for MX Token (MX), the native utility token of the MEXC Global exchange. The simultaneous listing will go live on July 31, with MX/USDT added to the Platform Token Zone.

BGB price jumped more than 4% following the listing news, with the utility token’s value reaching an intraday high of $0.46. This isn’t far from the all-time high for BGB/USD, which was $0.51 reached in February this year.

Bitget launched an updated version of its token in July 2021. It is used as a form of payment in the exchange platform’s ecosystem, and can be staked or for discounts on trading fees.

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Coinbase makes special announcement for HNT, BLUR, ARB and four other altcoins

  • Crypto exchange Coinbase has listed 8 tokens accessible on Coinbase.com and mobile
  • HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, ATA  are now tradable on Coinbase in Germany.
  • Dogecoin continues to outperform the market after X news.

Coinbase, the leading US-based cryptocurrency exchange, has made a special announcement touching on eight altcoins.

The crypto exchange’s announcement says these tokens are now available for trading in Germany, one of the European countries with the highest number of crypto owners.

Helium (HNT), Blur (BLUR), Arbitrum (ARB) 

According to the platform, these tokens are Helium (HNT), Blur (BLUR), Arbitrum (ARB), MultiversX (EGLD), 00 Token (00), Audius (AUDIO), Lido DAO (LDO) and Automata (ATA). The crypto assets are “available to Germany residents”, the announcement read.

Users can log in to buy, sell, convert, send, receive, or store these assets at Coinbase.com along with the Coinbase iOS and Android apps. To access trading, users may need to refresh their application,” the company posted on its Coinbase Assets account on X (formerly Twitter).

Some of the listed tokens saw a surge in their prices following the development. However, many remained constrained as top cryptocurrencies struggled to hold onto gains. As Bitcoin hovered near $29k, altcoins like XRP and Solana were looking to keep bears off near key technical levels.

Meanwhile, Dogecoin continued to see upside action following yesterday’s Twitter rebranding to X. With speculation about a potential integration of DOGE as a payment currency on X Payments, the price of DOGE rose more than 10% in the past 24 hours.

At the time of writing, the meme coin was trading above $0.081, its highest price since April.

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Shiba Memu presale: Meet the robot meme dog with a touch of AI genius

  • Shiba Memu is looking to dominate the meme coin sector with a pioneering AI-powered utility token.
  • The concept behind this robot meme with a touch of AI genius is what could astound the legacy meme coins space.
  • SHMU presale has raised more than $356k in less than a week.

Talk of meme coins today and what’s likely to pop up in front of you would be the latest Shiba Inu dog meme dubbed Shiba Memu (SHMU).

Granted, Dogecoin (DOGE) and Shiba Inu (SHIB) sit pretty in the upper deck of the market cap ranking, their status as top meme dogs not under immediate threat. But is there a hint of investor focus shifting to a new project that promises to bring the best of two technology worlds together in an explosive marketing powerhouse?

The SHMU presale, which can be accessed here, suggests this scenario could indeed surface.

What is Shiba Memu?

Today’s biggest trends are crypto and artificial intelligence (AI) – and raring to go amid the exuberance is Shiba Memu. So the question one might want to ask is ‘what is Shiba Memu?’

As briefly noted earlier, Shiba Memu is a new, revolutionary meme token that combines the power of blockchain and AI. While the meme token possesses all the attributes of memenomics, it comes loaded with “new tricks” that could see it become an unstoppable marketing powerhouse.

It will run on both ERC20 and Binance Smart Chain networks.

How does Shiba Memu work?

AI tools can do wonders when it comes to tapping into machine learning and natural language processing (NLP), the reason it’s such a hot topic even in the mainstream tech industry.

Shiba Memu taps into this to replace the human effort that traditional meme tokens employ to gain traction. Instead, the whitepaper outlines a self-sufficient marketing platform powered by the native SHMU token.

At the heart of all the marketing will be an AI dashboard accessible and visible to all token holders. It will use NLP and ML as well as sentiment analysis, predictive analytics, image and video recognition and personalization (think of how effective ads marketing has become and tinker with that using an AI-powered dog that’s capable of so much).

Some of the things the meme can achieve include creating marketing strategies, writing own PRs, and promoting itself over and over again. Leveraging AI means the project can outperform tabloid newspapers when it comes to getting content across for the purpose of attracting even more attention.

Other than churning “gazillions” of data and marketing details about the project, the robot meme dog will also monitor its own performance and adjust for optimized output. Engaging with users directly is another strategy of this project, the result of which could be increased visibility and trust in the token and potential uptick in specific demand for SHMU.

Shiba Memu presale

The roadmap for Shiba Memu includes the launch of the above-mentioned AI dashboard in Q1, 2024. The platform will also implement user engagement features such as feedback and integrate social media platforms to boost marketing.

Development of the project will continue throughout the first half of the year, with listing on major exchanges expected in Q3, 2024. These future developments are however preceded by a token presale that will see 85% of total supply of 1 billion SHMU available to early investors.

It’s barely a week into that presale and investors have allocated over $356k into the project, with more than 25.7 million SHMU grabbed. Investors know that participating in the presale is one of the ways to get hold of Shiba Memu at greatly discounted prices.

One major difference between the Shiba Memu presale and similar token sales is that this one is open-ended and is scheduled to last 8 weeks. During this time, SHMU’s price will increase every day at 6pm GMT. 

The current presale price is $0.012475 and the next uptick will see it rise to $0.0127. It will double from here every time it increases until it reaches $0.0244.

How do you buy Shiba Memu tokens?

There’s only one way to buy SHMU during the presale – visit the project’s website. The project will go live on both the ERC20 and BSC networks. This means buying is available via ETH, USDT, BNB, and BUSD and one will need to have a supported wallet.

Currently, that’s MetaMask for desktop users and Trust Wallet when buying on a smartphone.

After the presale and when tokens go live, earning SHMU will be possible via providing liquidity on a DEX and get rewarded in transaction fees. Another way to get hands on more of these meme tokens would be through buying on exchanges or staking to earn rewards.

Do you want to know more about Shiba Memu? Click here.

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Raoul Pal shares massive price prediction for Solana

  • Raoul Pal, CEO of Real Vision is super bullish on Solana (SOL).
  • According to Pal, SOL could rally 20x from current levels if it mirrors Ethereum’s 47x move from its 2018 low.
  • He also says Bitcoin price could triple from its all-time high level amid a supply crunch in 2023.

Raoul Pal, the founder & CEO of Real Vision suggests Solana (SOL) could embark on a massive price move. If the “dream scenario” for the world’s 10th largest cryptocurrency by market cap occurs, SOL could outperform both Bitcoin (BTC) and Ethereum (ETH).

Pal shared his massively bullish outlook for Solana during a recent interview in which he shared  views on varied topics. These  include AI and its impact on jobs, BlackRock’s ETF filing and CEO Larry Fink’s remarks about BTC.

He also aired his thoughts on the Ethereum/Bitcoin flippening debate, central bank digital currencies (CBCDs), global economy and government money printing before briefly offering his price prediction Solana. The macro guru also shared predictions for Bitcoin and Ethereum.

Solana price prediction

On what he thought of the price performance of BTC, ETH and SOL in the next bull cycle, Pal shared a highly bullish projection for Ethereum’s “competitor.”

Currently, Solana trades around $21, about 1.4% down in the past 24 hours. 

However, the cryptocurrency is more than 10% in the green over the past seven days and 43% in the past 30 days. While it’s also down 43% from its value a year ago, Pal noted that the bottom might have come when prices fell to around $9 in December 2022.

With this outlook, Pal suggests SOL could do what ETH achieved after bottoming in 2018 – roaring to its all-time high above $4,800 during the last bull market. The macro guru says that if Solana takes on this projection, the potential gains could be staggering.

He compared the 47x that ETH saw after the 2018 low to what Solana could do. He opined:

Look… there’s a possibility – a dream scenario – that Solana does what ETH did from the 2018 low which was a 47x. The Solana low was nine bucks, so you could do the maths [and] the numbers are potentially very interesting.”

While Solana’s price might not do the 47x or so that Ethereum price managed since its bottom in 2018, Pal predicts a “20 something x” move. According to him, this is a reasonable outlook for a protocol that’s battle-tested and is seeing a huge spike in network and ecosystem activity.

Should Pal’s bullish outlook for SOL price hold, it would mean an eventual burst to prices above $400 for the cryptocurrency. In the last bull market, Solana rose to the all-time high at $260.

Bitcoin and Ethereum price predictions

For BTC and ETH, Pal agreed with projections of a 3x and 5x respectively – suggesting Bitcoin could more than triple its value during the next bull cycle. However, that is from the all-time highs that was $69,000 in November 2021. 

Trippling from that ATH would mean a 6x from current prices, he opined. But that would depend on severa factors that could dictate market direction.

It’s very difficult to predict where it actually goes, but what we can say is [that] it’s reasonable that Bitcoin from all-time highs doubles or triples. That’s not asking a lot. That will be the worst bull market in Bitcoin’s history.

According to him, a potential supply crunch in 2023 is what could squeeze Bitcoin to a new all-time high.

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Binance.US to delist 40 trading pairs, pauses OTC trading

  • Binance.US is delisting advanced trading pairs for coins such as AAVE, BCH and MKR on June 8.
  • The 40 coins being delisted are for advanced trading pairs of USDT, BTC and BUSD.
  • Binance.US has also paused its OTC trading, but says withdrawals and deposits remain open.

Binance.US, the US-based subsidiary of the world’s largest cryptocurrency exchange Binance, has announced it will delist 40 trading pairs.

The exchange also revealed it had paused OTC trading, with the news coming a day after the SEC sought to freeze the company’s assets following a lawsuit against Binance and its CEO Changpeng Zhao.

After careful consideration, Binance.US will remove select Advanced Trading pairs on June 8, 2023 at 9 a.m. PDT / 12 p.m. EDT,” the exchange wrote in a notice to users.

We have also decided to streamline our Buy, Sell & Convert offering and have paused our OTC Trading Portal. Your assets remain safe and secure with Binance.US, and deposits and withdrawals continue to function as normal.”

According to the notice published Wednesday June 7, 2023, the advanced trading pairs Binance.US plans to delist are for 40 altcoin pairs of USDT, BTC, and BUSD. 

The majority of the pairs, 30, are for USDT and include 1INCH/USDT, AAVE/USDT, BCH/USDT, CHZ/USDT, COTI/USDT, MANA/USDT, MKR/USDT, and ZEC/USDT.

The platform will also delist eight BTC pairs and two BUSD pairs, with the former including ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, and XTZ/BTC. The BUSD stablecoin pairs to be removed are HBAR/BUSD and ONE/BUSD.

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