Kategorie: Crypto Markets

• STEPN distributes 100 million FSL Points to users.
• The airdrop aims to reward loyal community members and fuel engagement within the STEPN ecosystem.
• STEPN is also expected to announce a partnership with a leading global sports brand soon.

According to a post on X, Move-to-earn lifestyle app, STEPN, has completed an extensive airdrop campaign, allocating 100 million FSL Points to its user base, valued at $30 million.

The initiative, unveiled ahead of an impending partnership with a renowned sports brand, marks a pivotal moment for the Solana-based move-to-earn platform.

FSL points redeemable at 1:1 ratio for GMT tokens

The recently completed airdrop is the second airdrop marking the end of our STEPN Trailblazer event, which is the third one since 2022. The airdrop aimed at incentivizing user engagement and fostering loyalty within the STEPN community.

Users will have the opportunity to claim FSL Points, redeemable at a 1:1 ratio for STEPN’s native GMT token, enhancing their participation in upcoming mints and exclusive rewards.

Commenting on the initiative, Shiti Manghani, CEO of STEPN by FSL, expressed gratitude towards the community, highlighting the importance of prioritizing loyal members and offering them exclusive access to upcoming developments within the ecosystem.

The airdrop campaign was divided into two phases: Phase 1 targeted STEPN badge holders, incentivizing achievements completed within the app, while Phase 2 focused on rewarding Genesis Sneakers holders, with higher rewards allocated to the most dedicated users.

Recipients of FSL Points are encouraged to claim their rewards by the end of April, contingent upon signing up for an FSL ID, facilitating seamless interaction and reward earning within the STEPN ecosystem.

Integrating STEPN, MOOAR, and Gas Hero within the FSL ID platform enhances user engagement and streamlines the reward process.

As crypto enters a new market cycle and mainstream interest in fitness solutions grows, STEPN remains at the forefront of bridging the gap between Web2 and Web3 technologies.

The post STEPN airdrops $30M GMT tokens ahead of major global partnership appeared first on CoinJournal.

In a surprise announcement on their official X (Twitter) account, the team behind BabyMona, the long-awaited successor to the legacy of MonaCoin (the “Japanese Dogecoin” and second-oldest memecoin), has declared the arrival of $BYMONA.

Plans to Revolutionize the Crypto Landscape

After a period of continuous development, the launch of BabyMona has stirred up a lot of interest within the memecoin community. 

This project, built upon the legacy of MonaCoin, aims to revolutionize the crypto landscape with its playful spirit and community-driven approach.

Beyond the undeniable cuteness of the ASCII art mascot, BabyMona offers a compelling vision for the future of memecoins. 

Built on the secure and efficient Solana blockchain, BabyMona promises a smooth user experience alongside its undeniable charm. 

Notably, the project heavily emphasizes community involvement, rallying passionate crypto enthusiasts and cat lovers alike to form the #BabyMonaArmy. This focus on a strong user base suggests the project is aiming for long-term success beyond the typical memecoin hype.

With its widely communicated vision of empowering the underdog and rewriting the script of the crypto world, BabyMona has captured the attention of many.

Simple Tokenomics for a Strong Foundation

BabyMona maintains simplicity in its tokenomics to uphold project transparency and nurture trust within the community. 

With a total supply of 1 billion $BYMONA tokens, a substantial portion (70%) is dedicated to liquidity, ensuring a strong and stable user marketplace. 

Additionally, 15% of the tokens are reserved for marketing initiatives, enabling BabyMona to expand its reach and cultivate a thriving community.

A further 10% is set aside for potential listings on centralized exchanges (CEXs), which could significantly enhance accessibility and trading volume for $BYMONA. 

And last but not least, the BabyMona team has reserved a fair 5% of the tokens for themselves, showcasing their dedication to the project’s long-term success and alignment with the community’s interests.

$BYMONA was Audited by Coinscope

Understanding the significance of user trust, BabyMona underwent a thorough examination by Coinscope, a trusted third-party firm renowned for its expertise in blockchain security assessments. 

The audit yielded positive results, providing assurance to potential investors and emphasizing the project’s commitment to fair and open practices.

As the project continues to develop, it will be fascinating to see if the adorable cat coin can claw its way to the top of the memecoin hierarchy and establish a truly revolutionary presence in the crypto landscape.

About BabyMona

BabyMona is a new crypto project that aspires to be more than just another meme coin. 

Utilizing the secure and efficient Solana blockchain, the project prioritizes a smooth user experience. 

Through initiatives like the #BabyMonaArmy, BabyMona aims to foster a passionate user base that actively participates in the project’s growth and development.

Remember that $BYMONA is a meme coin and should be considered for entertainment purposes only. It has no intrinsic value and carries no expectation of financial return. There is no formal team or roadmap associated with the project.

Stay Connected

BabyMona is on a mission to revolutionize the memecoin space by empowering its community and challenging the status quo. With its adorable mascot, and strong community focus, BabyMona is poised to become a major player in the memecoin world. 

But to achieve this, the project needs you, so ensure that you stay connected with their official website by following them on X (Twitter) and Telegram.

The post New Solana memecoin, BabyMona, launched as long-awaited successor to MonaCoin appeared first on CoinJournal.

• Analyst shares bullish Cardano (ADA) outlook as KangaMoon (KANG) gets investor attention.
• Cardano price could rally to $1.70 amid anticipated bounce for Bitcoin (BTC).
• KangaMoon (KANG) offers a potential investment opportunity with its presale currently in stage 5.

Cardano (ADA) is down 4% in the past 24 hours and more than -20% in the past month. However, an analyst has shared a bullish outlook for ADA, noting the coin’s current consolidation.

Meanwhile, investors eyeing new gains are also taking position with KangaMoon (KANG), a new project exciting the market for its unique blend of SocialFi and play-to-earn (P2E).

What’s the outlook for Cardano? Analyst shares potential buy scenario

Cardano has declined nearly 22% in the past month and is currently hovering around $0.58, about 4% down on the day. This comes as ADA struggles since mid-March when it traded above $0.8, have pushed it towards a critical support area.

Grayscale recently updated its digital large cap fund and dropped ADA. Cardano is also currently out of the top 10 cryptocurrencies by market cap after Toncoin (TON) flipped it amid a massive surge earlier this week.

Despite this, the 11th ranked cryptocurrency is up close to 50% in the past year. Crypto analyst Ali posted a bullish scenario for Cardano on X.

“Nothing has really changed for #Cardano. $ADA is exactly where it should be, consolidating in the $0.55 to $0.80 range before a breakout to $1.70!,” the analyst opined.

Ali says ADA could swing to $5 if a breakout above $1.70 follows, which suggests this might be a good time to buy the altcoin.

KangaMoon’s attracts investors in final presale stage

As investors take a look at current market scenarios, scouring the space for investment opportunities, one project that’s standing out is KangaMoon.

While the new project combines the strength of SocialFi and play-to-earn (P2E), it also takes a lead among emerging utility-focused meme tokens. KangaMoon thus brings the best of GameFi, meme coins and community-driven crypto to the market.

KangaMoon takes a fun-filled crypto environment and adds to it a huge earning incentive – creating a platform where token holders can interact, compete and earn. KANG holders can earn with the tokens right away by participating in contests and challenges. Holders don’t need to wait for launch to start earning.

It’s this outlook that has the crypto community looking to position with KANG ahead of the project’s launch and listing on exchanges. 

KangaMoon is now in its final presale stage.

Stage 5 is LIVE and we’re cruising to launch! 🔥

This is the FINAL stage before we blast off. Grab your $KANG at just $0.0196 and be part of the countdown.🌟

The launch sequence has begun – don’t miss out!🎉

➡️https://t.co/RcKTP0tbQy pic.twitter.com/1QDLWrBCD6

— Kangamoon (@Kangamoon_P2E) April 9, 2024

Is KangaMoon a good investment opportunity today?

The native token KANG is an Ethereum ERC-20-based token with a total supply of 1 billion. The whitepaper outlines that 60% of the supply is available to early birds during the presale.

One notable fact about Kangamoon’s tokenomics is that there’s no buy or sell tax on KANG tokens, which means no extra fees.

Coupled with exclusive bonuses for early buyers, KangaMoon’s remarkable presale performance has already seen it surpass the $4.5 million mark. The excitement around it could see the current stage 5 presale phase fly by, pushing the total amount raised past $5 million as the thriving market buoyed investors.

This outlook could get fresh impetus in coming weeks as Hong Kong gears for the launch of its first spot Bitcoin ETFs. Reports around this development on Wednesday have helped flip BTC green and could see the top crypto reclaim the $70k mark.

A rallying market combined with all the positive features of KangaMoon highlight a scenario where KANG at current presale price of $0.0196 could be a massive bargain.

Do you want to learn more about KangaMoon and its potential opportunity?  Visit the project’s presale page.

The post Cardano (ADA) bullish as investors flock to KangaMoon (KANG) in final presale stage appeared first on CoinJournal.

• Sui has integrated First Digital USD (FDUSD) stablecoin, joining Ethereum and BNB Chain as only networks currently with native FDUSD support.
• FDUSD’s expansion to Sui targets the growing decentralised finance (DeFi) ecosystem on Sui.
• FDUSD is the fourth-largest stablecoin by market cap with $3.3 billion – behind DAI, USDC and USDT.

First Digital Trust, the Hong Kong-based issuer of the US-dollar pegged stablecoin FDUSD, has announced a strategic alliance with Layer-1 blockchain Sui.

In an update on Wednesday, First Digital said its expansion to Sui marks the first time the stablecoin will be available on a new blockchain since its launch.

FDUSD now available on Sui, Ethereum and BNB Chain

FDUSD, currently a $3.3 billion stablecoin, initially launched on Ethereum  and BNB Chain in August 2023. Sui is the third blockchain to have native FDUSD support. 

“The partnership between First Digital and Sui is a strategic alliance aimed at enhancing liquidity and efficiency of transactions, continuing to bridge traditional finance to the ever-expanding digital economy,” First Digital Labs pointed out via X.

According to First Digital, the expansion is aimed at bolstering the stablecoin’s use in the burgeoning decentralised finance (DeFi) ecosystem on Sui.

First Digital USD is the fourth-largest stablecoin by market cap. It’s currently behind MakerDAO’s Dai (DAI), Circle’s USDC (USDC) and top stablecoin by market cap Tether (USDT).

Sui, on the other hand, has a market cap of just over $2 billion. The blockchain has seen notable growth amid sentiment around its Sui Basecamp, the L1 blockchain’s first global conference.

SUI token reached highs of $2.17 on March 27. Recent declines see it currently poised at $1.55.

The post First Digital expands FDUSD stablecoin to Sui blockchain appeared first on CoinJournal.

• IOTA price is down 4% in the past 24 hours and trades near $0.30.
• The IOTA team announced a key partnership in Singapore,but is the price set to bounce or dip futher?

IOTA’s price has declined 5% in the past 24 hours to trade near a key support level. The slip now has weekly gains cut to just 2% while the altcoin has turned red on the monthly time frame.

The IOTA token trades at $0.31, down from recent highs of $0.41. This cryptocurrency is also one of the worst performing since the 2017 bull market. Per data from CoinGecko, IOTA is down more than 94% since its all-time high above $5.25 reached over six years ago.

On Tuesday, IOTA announced a major partnership with Tenity as it looks to tap into the growth potential in the Real-World Assets (RWAs) and DeFi sectors. The APAC Accelerator is a 12-week program that will see select startups receive $50k in grants.

📣 Big news from Singapore! We’ve teamed up with @tenity_global to launch the #IOTA APAC Accelerator, a 12-week program to empower the next generation of DeFi pioneers.💪

Find out how you can apply & receive a $50,000 grant 👇 https://t.co/R4EQAVaX4O pic.twitter.com/rKQp9jJqDa

— IOTA (@iota) April 9, 2024

Despite this and other recent key developments, price remains largely devoid of any strong momentum.

IOTA price – bounce or dip?

Bitcoin’s run to the new all-time high above $73k in March catalysed strong gains for most altcoins. Ethereum for instance reached a multi-year peak above $4,000 while Solana, BNB and even Dogecoin soared.

IOTA did manage to break above $0.30 during the broader market spike in March. However, it remained well below its 2021 highs above $2 and as a result has dropped out of the top 100 by market cap.

Can IOTA’s price recover to the last bull market highs and potentially eye a retest of its ATH?

IOTA price chart

IOTA/USD on the weekly chart is below the 50-week EMA and the RSI is trending lower below 50.

A symmetrical triangle pattern is also formed on the daily chart, with price capped by a downtrend line since mid-March.

If price breaks out from the upper trend line, IOTA could retest levels at $0.35 and potentially $0.41 to allow for a bullish breakout in line with the broader market.

On the flipside, a breakdown for IOTA from the lower trend line would indicate a bearish trend. In this case, a drop to $0.20 is possible, below which bears could target October 2023 lows of $0.13.

The post IOTA price nears a key support: Can bulls bounce on key news? appeared first on CoinJournal.