Kategorie: Crypto Markets

Key takeaways

• Shiba Memu’s presale is now closing in on the $4.5 million mark.

• Bitcoin is trading close to the $35k level once again as bulls continue to stay in charge. 

The cryptocurrency market has been in a bullish mode over the last two weeks, with Bitcoin and other altcoins rallying higher. Shiba Memu’s presale continues to push forward, with more than $4.3 million raised so far. 

Bitcoin targets $35k

Bitcoin, the world’s leading cryptocurrency by market cap, is up by less than 1% in the last 24 hours. At press time, the price of Bitcoin stands at $34,796 per coin. The broader market has been performing excellently over the last two weeks. 

The total cryptocurrency market cap is now above the $1.2 trillion mark. Altcoins have also been rallying over the last couple of days. 

What is Shiba Memu?

The broader cryptocurrency market has been rallying over the last few days, and Shiba Memu’s presale has also attained new milestones. The project is now approaching an important milestone and could be achieved over the next few hours or days. 

Shiba Memu is a meme token project that wants to help individuals and entities handle marketing campaigns. Shiba Memu will leverage blockchain and AI to offer marketing services to users.

Currently, the project is still in its presale stage, and investors have already poured in millions of dollars. Shiba Memu has now raised nearly $4.4 million. 

According to the team, Shiba Memu will leverage blockchain and AI to develop an unstoppable, entirely self-sufficient marketing powerhouse. With this platform, users can carry out a wide range of marketing activities. 

As an AI-powered platform, Shiba Memu will be active 24/7. Furthermore, the platform can identify ideal creative scenarios and develop excellent marketing campaigns for users.

Shiba Memu is launching as a meme token to take advantage of the hype around meme projects. Meme coins have become important in the crypto industry, growing from a market cap of $0 in 2019 to $35 billion in 2023. 

Shiba Memu is offering utility to users, making it a better alternative to some of the thousands of meme coins available. The Shiba Memu AI technology will help users develop their marketing strategies, write their PRs, and promote their services and products on relevant forums and various social media platforms. Currently, the project is available on the BNBChain and Ethereum blockchains. 

Shiba Memu’s presale nears $4.5 million

The broader crypto market has been bullish over the last two weeks thanks to spot Bitcoin ETF optimism. Investment in Shiba Memu continues to increase as more investors troop in. 

The project has raised $4.359 million so far. At this rate, Shiba Memu could hit the $4.5 million mark soon. The team will use the funds to develop its AI technology and a suite of other products. 

Click here to find out more about Shiba Memu’s presale event. 

Should you invest in Shiba Memu now?

Shiba Memu could be an excellent project thanks to its unique approach to the market. The token could gain massive adoption over the coming months or years, and that could see its price soar higher. 

The platform helps users to handle marketing campaigns with ease. Its SHMU token could rally higher in the coming months and years following its listing on cryptocurrency exchanges. 

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Key takeaways

• Bitcoin continues to trade above $34k as altcoins rallied in the last few days.

• Memeinator has now generated more than $1.1 million, with its stage five presale coming to an end soon.

The cryptocurrency market has been bullish over the last two weeks. Bitcoin rallied above the $35k level earlier this week before slightly retracing. With altcoins also rallying, Memeinator’s presale continues to attain new milestones.

Bitcoin and altcoins rally

Bitcoin and altcoins performed well over the last few days. Bitcoin rose by more than 20% in October, its best performance since January 2023. The rally saw Bitcoin reach the $35k level for the first time in nearly 17 months.

Altcoins such as Solana and Near also rallied higher. PEPE and FLOKI were the best-performing meme tokens over the last few days. With meme coins performing well, Memeinator also reached new milestones. 

What is Memeinator?

Memeinator is a Web3 project that seeks to change how people view memes. The project wants to leverage the hype around meme coins by providing users with numerous use cases.

The project wants to destroy worthless memes, ensuring that there is a higher level of quality content available to users. Memeinator wants to stand out in a crypto space that is filled with thousands of meme tokens with no utility. 

Memeinator will use AI  to identify worthless memes, allowing users to know them and steer clear of them. The team are working to ensure that Memeinator attains a market cap of at least $1 billion, turning it into one of the biggest meme coin projects in the crypto space. They have also published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

The Memeinator presale is now in its fifth stage, and the project has raised more than $1 million. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.0125 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 stage five presale nears completion

The Memeinator presale will round up its fifth stage over the next few hours or days. So far, the team has raised more than $1.1 million of its $1.21 million target.

Investors who wish to get in on this project can buy the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins. At the moment, the token is available to users on the Ethereum and BNChain blockchains. 

It is easy to buy the MMTR token as users only need to connect any of the supported wallets to the Memeinator website and buy the tokens using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale attracting investors?

Memeinator is getting attention from investors thanks to its real-world use case. MMTR is the native token of the ecosystem and will power several activities on the platform. 

Thanks to its utilities, Memeinator could gain massive adoption from degens, crypto natives, and speculators. The project has use cases beyond the crypto space, as content creators could use its services to gain access to quality memes. 

The platform will take advantage of AI to analyse and evaluate memes across the internet, identifying lower-quality memes to replace or destroy them. 

Its native token, MMTR, comes with some excellent features. The token has deflationary mechanisms and rewards for holders. Furthermore, the team has allocated 20% of the tokens for marketing, CEX listing and liquidity. 

Is the Memeinator a good buy? 

Memeinator could be an excellent meme project, thanks to its exciting utilities. If it gains the right level of adoption, the early investors would be the biggest winners. 

This project will be leveraging AI and blockchain technology to provide excellent value to investors over the coming months and years. If Memeinator reaches a billion-dollar market cap, early investors would be the biggest winners. 

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• FTX token (FTT) plummets to $1.1579 after founder SBF’s fraud verdict.
• SBF was found guilty on all seven counts after a 15-day trial.
• Sam Bankman-Fried sentencing is scheduled for March 28, 2024.

The price of FXT Token (FTT) has taken a severe hit, plummeting to its lowest point of the year at $1.1579, a drop of 8%.

This significant decline comes in the wake of the guilty verdict for Sam Bankman-Fried (SBF), the founder of FTX, which once listed among the leading cryptocurrency exchanges.

Sam Bankman-Fried verdict

The primary catalyst for this latest drop is the outcome of SBF’s trial, where he was found guilty on seven counts related to fraud and conspiracy. These charges include conspiracy to commit wire fraud, political fraud, and more.

The trial against Sam Bankman-Fried lasted for 15 days, during which former associates testified against him, alleging his involvement in fraudulent activities that resulted in substantial financial losses for FTX customers. While SBF’s legal defence argued that he did not have any intent to defraud his customers or investors, the jury’s verdict spoke otherwise. Sam Bankman-Fried also gave his testimony starting on October 26.

FXT Token (FTT) price

FTT has witnessed a remarkable downfall, with its value sliding over 98% from its all-time high of $85.02.

In the past 24 hours, FTT’s price has seen fluctuations, ranging from a low of $1.16 to a high of $1.32. Its 52-week low was recorded at $0.77, and the highest point reached $25.86. However, the coin has struggled to recover since its all-time high.

The negative sentiment surrounding FTT began to emerge in November when the FTX filed for bankruptcy. This event significantly eroded market confidence in FTT, which was once trading at an all-time high of $85.02.

Despite these challenges, there is a glimmer of hope for FTT and FTX under new management. The exchange is striving to recover over $7 billion in lost funds and potentially rebrand itself. This effort could redefine the future of the exchange and FTT, offering a fresh start following a period of significant difficulties.

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• TWT price soaring after Binance Futures listing.
• Binance listing fuels TWT’s impressive price surge.
• TWT draws comparisons to Binance Coin (BNB), piquing investor interest.

In recent market development, Trust Wallet Token (TWT) has seen a remarkable pump in its price, catapulting by an impressive 18% price rise in a week.

This hike, reminiscent of its peak price back in April, is attributed to TWT’s listing on Binance Futures.

Binance Futures listing sparks enthusiasm

TWT, the native token associated with Trust Wallet, which is closely linked to Binance, has garnered attention with its recent addition to the Binance Futures market. The move marks Trust Wallet’s endeavour to expand its presence and offer its users a broader range of trading options.

Binance vs. Bybit : The Volume War

🚀Today at 14:30 UTC, Binance Futures markets will list the Trust Wallet Token ($TWT)

Take note, the pace of new coin listings on Binance Futures is accelerating, with fresh tokens being added nearly every day.

What’s Next?

👇

• Rocket… pic.twitter.com/KzKe412tM1

— Layergg (@layerggofficial) November 3, 2023

Listing on Binance Futures, a prominent player in the cryptocurrency exchange space, has traditionally been associated with heightened price action. The immediate 22% surge in TWT’s value underscores the impact such listings can have on the digital asset’s price, fueling market enthusiasm.

TWT price movements

TWT, at the time of writing, stands at $1.24 USD, with a market capitalization of over $515 million. The token is ranked 71st in terms of market capitalization. TWT’s 24-hour trading volume reached an impressive $188.9 million, further underscoring the strong interest in the token following its Binance Futures debut.

With a circulating supply of 416,649,900 TWT tokens, accounting for approximately 41.66% of the total supply, TWT has a maximum supply capped at 1 billion tokens. Its fully diluted market capitalization is estimated at $1.24 billion USD.

Investors and enthusiasts are closely watching TWT as it garners comparisons with Binance Coin (BNB). The potential for TWT’s success is a topic of discussion, especially given its association with Binance and its similarities with wallet tokens like the expected MetaMask coin.

TWT’s price performance, along with the dynamics of its association with the Trust Wallet ecosystem and the broader cryptocurrency market, will likely continue to draw attention and speculation in the coming days.

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• 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).

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