Kategorie: Crypto Markets

• At press time, 53,351,246 SHMU tokens had been sold raising over $1,612,597.
• SHMU price which rises every few hours had just risen from 0.017875 USDT to 0.018100 USDT.
• Shiba Memu has today announced the listing of its SHMU token on the BitMart crypto exchange.

Shiba Memu, a bustling new AI-powered cryptocurrency meme coin, has announced the listing of its native token SHMU on BirtMart. The project is currently conducting a presale of the SHMU token which has already surpassed $1.6 million one month after the presale started.

The meme coin project has attracted quite a sensation among crypto investors as it rides the artificial intelligence (AI) and meme coin hype.

SHMU listing on BitMart

BitMart has been a significant player in the cryptocurrency industry since 2017. It provides over 1500 cryptocurrency trading pairs.

The choice of BitMart as its first centralized cryptocurrency exchange where SHMU will be listed has certainly caused a sensation among SHMU holders who will now be able to trade the new meme coin after purchasing it in the presale. In addition, more investors will certainly flock to the Shiba Memu presale for fear of being left out when the presale comes to an end.

The realistic idea and endearing Shiba Memu mascot have sparked a wave of interest from investors and cryptocurrency enthusiasts who understand the project’s long-term potential.

In addition, the team behind the project expertly developed a smart contract that ensures that the scheduled SHMU price increase every 24 hours. This alluring mechanism is especially alluring to fans of presales because it ensures that the token purchase price will always be less than the final listing price on the exchange. Better still, investors are optimistic that the token price will see a considerable price surge once it list on the crypto exchange.

Should you invest in Shiba Memu today?

While making an investment move is a preserve of an investor, investing in a cryptocurrency project carries significant risks owing to the volatile nature of the cryptocurrency market. Nevertheless, many people have reaped big from new crypto projects, especially meme coin projects which are known to go viral immediately after they are launched.

That said, Shiba Memu is a unique meme coin project that leverages the power of AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse. The project sets itself apart from the like of Shiba Inu, PEPE, Dogecoin, and KEKE, which became popular purely because of their community engagements without any real-world use case apart from acceptance as payment options in several retail outlets.

The listing on BitMart is also quite a good proposition seeing that it adds to the credibility of the project which is barely a month old since its presale went live. If interested in the Shiba Memu project, you can purchase the SHMU tokens here.

The post $1.6M raised one month into Shiba Memu presale, BitMart listing announced appeared first on CoinJournal.

• Currently, one CHNACER toke is going for $0.011.
• The price is expected to rise to $0.012 in the next presale stage.
• The trading volume of the top meme coins on August 4 dropped by about 8%.

The new decentralized predictive market-making platform is seizing the moment with its CHANCER presale while a majority of popular meme coins struggle to gain traction. At the time of writing, the presale had raised $1,129,584 confirming the excitement that the new betting platform is causing among bettors and crypto investors.

Betting fans are rushing to own the CHANCER tokens for fear of being left out when the platform launched in Q1, 2024 allowing token holders to create, participate in and profit from their very own predictive markets based on their interests, expertise and social opportunities. If interested, you can visit Chancer’s official website to purchase CHANCER tokens.

Meme coins price performance 

A majority of popular meme coins like Dogecoin (DOGE), PEPE, FLOKI, and others have been struggling to turn bullish. The once very popular PEPE, for example, has lost 10% in value in the past week while Dogecoin has dropped by 3% in the same timeframe.

Apart from Shiba Inu (SHIB) and its sister token Bone ShibaSwap (BONE) which have registered considerable gains among the old meme coin projects, a majority of the best-performing meme coins are the newly launched coins like Bald 2.0 (BALD2), 4-Chain (4CHAIN), and Turbo (TURBO) which have gained by 28%, 31%, and 17% respectively according to data on Coinmarketcap.

The rise and rise of new meme coins is a positive proposition for Chancer which is seeking to revolutionize the betting industry by using blockchain technology to give bettors the freedom of being their own wager market makers. And while some may argue the meme mania only lasts for a short period after a new project launches and then fades off, Chancer’s case could be different seeing that it is leveraging the multibillion betting industry.

Is Chancer a good investment opportunity?

The choice of investing in any new project is purely a discretion of an investor especially when it comes to cryptocurrency projects, which carry quite significant risks due to the volatile nature of the cryptocurrency market.

That said, new meme crypto projects have been stealing the show within the crypto sphere with the explosion of the value of their tokens. A good example is PEPE and KEKE which briefly surpassed the two leading meme coins, SHIB and DOGE, in popularity when they were launched. Interestingly, once a meme coin becomes popular, it remains a favourite among crypto traders and investors even after the popularity fades.

Chancer is riding on the meme coins frenzy and the rising betting industry and it is already stealing the show with its presale which has sold 21,660,036 CHANCER tokens so far. Besides offering holder opportunities in the Chancer platform once it launches, holders are excited about the price which has been constantly rising throughout the presale.

The post Chancer seizes the moment as meme trading volume dips appeared first on CoinJournal.

• Coinbase reported its second-quarter financial results on Thursday.
• Berenberg analyst Mark Palmer sees downside in “COIN” to $39.
• Coinbase stock has nearly tripled since the start of the year 2023.

Shares of Coinbase Global Inc wobbled but eventually ended flat in extended hours today even though the crypto exchange reported market-beating results for its fiscal second quarter.

Why is Coinbase stock unimpressed in after-hours?

The stock is primarily responding to weakness in transaction revenue that printed at $327 million – down nearly 13% sequentially. Trading volume also tanked to $92 million versus $145 million in the prior quarter.

Also a negative was interest income that declined about 17% on a quarter-over-quarter basis to $201 million. Reacting to the earnings print in an email, Mark Palmer – a Berenberg analyst wrote:

Interest income and staking revenue appear to be at risk going forward given the ongoing declines in USDC’s market cap and regulatory challenges to staking programs.

USDC holdings brought in $151 million in interest income to Coinbase in Q2.

Notable figures in Coinbase Q2 earnings report

• Lost $79 million versus the year-ago $430 million
• Per-share loss also narrowed from $1.98 to 34 cents
• Revenue tanked roughly 35% YoY to $773 million
• Consensus was 76 cents loss on $628 million in sales
• Subscription and services revenue printed at $335 million

In June, Coinbase Global Inc was sued by the SEC that accused it of violating the U.S. securities laws (read more).

Should you buy Coinbase stock?

Coinbase also revealed in a letter to shareholders today that transaction revenue stood at $110 million in July.

The crypto exchange now forecasts at least $300 million in subscription and services revenue in its current financial quarter. According to Berenberg’s Palmer:

Guidance was muted, and adjusted EBITDA print included a huge adjustment for stock-based compensation – an area management had said it would look to reduce.

Note that Palmer has a $39 price target on Coinbase stock that warns of a more than 50% downside from here. In his own words, shares of the crypto company are uninvestable at least in the near term.

The post Coinbase reports a 13% sequential decline in transaction revenue appeared first on CoinJournal.

Key takeaways

• Bitcoin continues to trade below $30k, and market experts expect a further downward trend in the short term.

• Chancer’s presale has surpassed $1.1 million, with more than 21 million tokens sold so far. 

Bitcoin stays below $30k

Bitcoin, the world’s number one cryptocurrency by market cap, has been underperforming since the start of the month. It is down by more than 1% over the past 24 hours and continues to trade below the $30k psychological level.

Despite the recent bearish trend, investors remain optimistic that a bullish cycle is on the horizon. This has seen more investment in cryptocurrency projects.

Chancer has already raised over $1.1 million in its second presale stage with a target of $2 million. 

What is Chancer?

Before you invest in the project, you need to understand what Chancer is and the utility it is presenting to web3 users. 

Chancer is an exciting Web3 project that seeks to change the gambling and betting ecosystem. The team is developing a unique Web3 peer-to-peer (P2P) custom betting platform allowing users to live stream betting events. 

The ultimate goal of the team is to decentralise the betting industry. Chancer will be a completely decentralised online gaming platform.

The biggest selling point of Chancer is that the betting options go beyond traditional sports and casino bets. With Chancer, users can bet on any event, even ones they make up themselves. 

This is the second presale stage, and Chancer has raised $1.1 million of the desired $2 million. So far, the team has sold more than 21 million CHANCER tokens, with 132 million tokens allocated for the entire 12 presale stages. 

The developers will use the funds raised from the presale stages to build a P2P betting platform. 

In their Whitepaper, the team said users can enjoy various benefits, including betting markets in real-time and based on user interests, social media connections, and expertise. 

Chancer users would also be given the opportunity to set up their own custom P2P betting markets. 

Furthermore, Chancer claims it wants to solve the problems associated with using bookmakers when betting. Users would be allowed to set up their custom P2P betting markets. 

Chancer’s second presale is 50% completed

Chancer’s presale event will occur in stages, and the second one is more than 50% completed. In the second presale stage, Chancer has raised $1.1 million so far, with less than $900k left to raise. 

The funds generated from the presale will be used to develop Chancer’s suite of products. Chancer intends to carry out 12 presale events, with a target of $15 million. 

Chancer’s native token, CHANCER, is currently sold for $0.011, with the price set to increase to $0.012 in the next presale round.

The token will power several activities on the Chancer platforms. Token holders can create markets and invest in markets created by other users.

Furthermore, the token would allow users to create, participate in, and profit from their very own predictive markets. 

At the moment, investors can purchase CHANCER tokens by connecting their Web3 wallets to the Chancer website. Some of the supported wallets include Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow. 

Visit the Chancer website to get more information about the presale. 

Should you invest in Chancer today?

Chancer could be an exciting project for investors due to the team’s desire to decentralise the betting industry. With the right adoption, Chancer could become a multi-billion dollar platform in the medium to long term. 

A surge in Chancer’s adoption could push its token price higher over the coming months and years. Furthermore, CHANCER’s price could rally higher if the market embarks on a bull run.

The post CHANCER price prediction: Chancer’s presale surpasses $1 appeared first on CoinJournal.