Kategorie: Crypto News

• Cardano introduces Plutus V3 engine, enhancing smart contract functionalities
• Cardano (DA) price has surged following the launch of the new engine.
• PLX token presale coming to an end, with $8,242,734 raised.

Cardano, a leading Proof-of-Stake (PoS) blockchain, has unveiled its highly anticipated Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation.

At the same time, Pullix, a new DeFi protocol, is gearing up for the listing of its PLX token on two exchanges once the presale comes to an end.

Cardano’s Plutus V3 Engine

The Plutus V3 engine, introduced by Cardano, is a significant upgrade poised to enhance performance and functionality on its PoS network. The engine is designed to augment smart contract capabilities and is set to drive intrigue among developers seeking advanced blockchain solutions.

👀 Introducing PlutusV3 – a new ledger language now available for testing on #SanchoNet.

With improved smart contract adoption, governance support, and enhanced interoperability, #PlutusV3 unlocks more possibilities for builders.🔓
🧵1/6 pic.twitter.com/F8dFV4c2lD

— Input Output (@InputOutputHK) February 27, 2024

The newly launched Plutus V3 engine brings forth enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Notably, the introduction of Sum of Products (SOPs), an efficient data coding method, aims to optimize script size and boost smart contract execution speed on Cardano.

Charles Hoskinson, the founder of Cardano, has expressed optimism about the monumental steps Plutus V3 will bring to the protocol. With a focus on interoperability with other blockchains, Cardano anticipates increased adoption, governance support, and overall network scalability.

Cardano (ADA) price reaction

The unveiling of Plutus V3 has not only sparked excitement among developers but has also led to a surge in the price of ADA, Cardano’s native cryptocurrency. On February 25, ADA witnessed a notable 24% price gain, currently trading at $0.623 with a 4.88% increase in the last 24 hours.

The broader spot Bitcoin ETF hype and sentiments surrounding Cardano Plutus V3 have contributed to this positive movement.

Pullix: innovative ‘Trade-to-Earn’ platform

While Cardano pushes the boundaries of blockchain technology, Pullix emerges on the scene as a new DeFi protocol, introducing a hybrid exchange with a unique proposition — “Trade-to-Earn.” 

At the core of Pullix’s ecosystem is the native token, $PLX, empowering the community to earn a portion of the daily revenues generated by the exchange.

Pullix goes beyond traditional trading platforms by rewarding traders who hold $PLX tokens. A percentage of the daily revenues is used to purchase $PLX tokens from the open market and burn them, effectively reducing the token supply while increasing demand. This mechanism encourages users to hold $PLX, providing them with passive income, trading discounts, and exclusive rewards.

Pullix stands out with a no KYC (Know Your Customer) requirement for its traders. This crypto deposit-only system for payments eliminates the need for extensive documentation, providing a seamless experience for deposits, withdrawals, and trading conditions, including leverage of up to 1000:1.

Pullix emphasizes security with a smart contract that has successfully passed a security audit from Interfi Network. The team plans to lock the liquidity pool for 24 months after the launch, mitigating the risk of a rug pull. The roadmap outlines development plans, including presale launch, license acquisition, and the launch of PLX on various crypto exchanges including UniSwap and BitMart.

PLX token presale

Pullix is currently in the midst of the presale phase of the PLX token, offering an opportunity for early investors to secure its native token at a discounted rate. Currently in the last state christened ‘Bonus Round,’ the price is $0.14 per PLX token. 

Notably, the presale has already raised an impressive $8,242,734, with 86.6% of the total tokens already sold.

Once the presale comes to an end, investors can anticipate the listing of PLX on UniSwap on March 4, 2024, followed by a listing on BitMart on March 7, 2024. Pullix’s decision to list on both decentralized and centralized exchanges demonstrates its commitment to providing diverse trading options for the community.

To participate in the PLX token presale, visit the official Pullix website to purchase the amount of tokens you want.

Pullix token burning and revenue allocation

Pullix plans to buy back and burn PLX tokens, reducing the circulating supply and potentially increasing token value. The buy-back strategy involves allocating a percentage of net revenue, ranging from 10% on forex revenue to 30% on daily Multiples revenue.

PLX holders will have the opportunity to stake PLX tokens in Pullix’s market-making liquidity pool to earn a passive income, with interest rates ranging from 8% to 18% per annum. The interest rate is determined by the lock-up timeframe and withdrawal frequency chosen by the staker.

Conclusion

Cardano’s Plutus V3 and Pullix’s innovative “Trade-to-Earn” platform with the PLX token offer crypto investors a variety of investment opportunities.

Nevertheless, owing to the volatile nature of the cryptocurrency market, investors should exercise due diligence when investing.

The post Cardano unveils Plutus V3 to empower developers 5 days to Pullix presale end appeared first on CoinJournal.

• Aerodrome Finance announced the Base Ecosystem fund, led by CB Ventures, had market-acquired a position in AERO.
• AERO price jumped more than 115% to hit an all-time high of $0.2522 on Tuesday.
• Aerodrome Finance is a liquidity protocol on Base, an Ethereum layer-2 launched by Coinbase.

Aerodrome Finance, the largest trading and liquidity marketplace on Base, is experiencing a massive surge in buying for its native token AERO.

With its price at $0.2271 on Tuesday, the AERO token has jumped a staggering 1,225,529.89% from its all-time low of $0.00001861. Data from CoinGecko shows the cryptocurrency reached this level just four months ago on October 17, 2023.

Today’s 115% spike in AERO prices has the altcoin trading more than 175% up this past week. The 24-hour volume for Aerodrome Finance is $72 million, which represents a 2,000% jump in network activity.

Why is AERO price skyrocketing?

Aerodrome Finance’s price surge comes amid the latest news that the CB Ventures’ Base Ecosystem Fund had acquired an AERO position.

The announcement did not disclose the value of the “market-acquired” position, but the reaction to this news saw AERO price go vertical.

“The Base Ecosystem Fund, led by CB Ventures, was launched to invest in the next generation of onchain projects building on Base. We’re excited to announce that the Base Ecosystem Fund has market acquired a $AERO position. Together we’ll build the future of Base,” the Aerodrome Finance team posted on X.

Base’s DeFi TVL has surged in recent months amid growth for Aerodrome Finance.

AERO traded to its current all-time high of $0.2522 on February 27, 2024.

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• OKX TR offers Turkish Lira fiat on-ramp capabilities as well as direct bank deposits and withdrawals.
• The exchange will list major crypto trading pairs, including BTC/TRY, USTD/TRY and ETH/TRY.
• OKX announced plans for a Turkish unit in May 2023.

OKX has announced that its crypto exchange in Türkiye, OKX TR has officially opened. The new exchange will be the gateway to the crypto ecosystem, including decentralized finance (DeFi) for Turkish users, the OKX team said in a news release.

OKX TR partners with local banks

According to the exchange’s announcement, OKX TR brings localized crypto trading and user experience to its users in Türkiye.

While getting banking partners for crypto platforms have been tricky in several jurisdictions amid regulatory restrictions, OKX says its local Turkiye unit will boast multiple banking partners. These will help it extend the Turkish Lira as a fiat on-ramp.

Per the platform, users have access to direct deposits and withdrawals with Lira at Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank and Türkiye Finans.

“The official launch of OKX TR is a significant milestone in our global expansion strategy. With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem,” OKX president Hong Fang said.

OKX’s official launch in Türkiye follows the exchange’s expansion plans announced in May 2023.  With this unveiling, the exchange now has the opportunity to grow its presence and capture the local market share.

OKX TR will offer major crypto trading pairs, including BTC/TRY, USTD/TRY and ETH/TRY. The 24/7 customer support feature will be available in both Turkish and English.

Meanwhile, OKX TR users can access the OKX Web3 Wallet via the exchange’s global platform.

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• Ethereum, THETA, Memeinator price prediction as crypto rally resumes
• Ethereum is seeing huge institutional investor interest and could target $5k while THETA may rally as the AI boom continues.
• The Memeinator is in presale and could explode as it rolls out its project.

Ethereum could hit $5,000 amid growing institutional adoption. Meanwhile, Artificial Intelligence (AI) developments and meme coin resurgence could buoy Theta Network (THETA) and Memeinator (MMTR) respectively.

Ethereum price: ETH attracting institutional investors

Ethereum price has broken above $3,200 as market data shows institutions are betting big on the world’s second largest cryptocurrency by market cap.

As crypto analyst Rekt Capital pointed out on X today, the last time Ethereum price spiked as it has this month was during the last bull cycle. While that happened near the cycle peak, the analyst says the extent of gains this month suggests the bull cycle might reach a new level.

The top altcoin, according to a report by crypto exchange Bybit, has seen increased long term bet from institutional investors.

With ETH now a major part of crypto whales’ portfolio strategies, further price gains are likely. Analysts have predicted a potential run to $5,000 with imminent catalysts such as the Dencun upgrade, spot Ethereum ETFs and bullish BTC.

Growth in the DeFi space could also be a big boost for ETH price, particularly as liquid staking and restaking gains momentum.

THETA price prediction amid AI boost

Theta Network (THETA) is one of the top performers in the crypto market today. The altcoin, which launched in 2019, is a decentralized video streaming protocol. Users get rewarded for their bandwidth and computing power shared across the protocol.

THETA price has surged by more than 44% in the past 24 hours. Gains over the past month stand at around 107%, with this coming amid a spike in demand for decentralized GPUs. The expected growth around Theta EdgeCloud, the protocol’s decentralized software platform, could see the price of THETA target a breakout to $4.

Currently, the altcoin trades around $2.03.

Memeinator: Utility-driven meme eyeing overall dominance

Memeinator has raised more than $5 million in its presale as stage 16 of 20 draws to a close. When the project enters the market in the second quarter of the year, the era of a new meme coin dominance will officially begin.

This project launches at a time when nearly a quarter of the crypto tokens today are meme coins. However, as market research has shown, most of these are worthless, no-utility tokens. Most are expected to die off, and many could face judgement from Memeinator.

As it seeks to register the $1 billion market cap milestone, Memeinator will utilize an AI-powered game and other real-utility features to annihilate the Dogecoin copycats. This goal is coming into fruition with the presale concluding soon and major developments such as the partnership with Red Apple Technologies sealed.

Memeinator is therefore bidding to topple meme coin pretenders as well as become a top GameFi platform. Holders of the native $MMTR will also benefit from staking and an NFT marketplace.

Memeinator price prediction

2023 saw meme coins such as Pepe and Bonk soar to staggering heights, the latter helping reignite the Solana meme market. In 2024 and beyond, this crown could belong to Memeinator.

The overall utility that the project offers and the expected growth around crypto, gaming and AI, bode well for $MMTR price. For instance, estimates for the GameFi and NFTs market highlight growth to a $90 billion industry by 2030.

In the crypto market, analysts are looking at an altcoin season as Bitcoin price rockets. If Memeinator navigates the remaining presale stages and emerges in the market, a formidable performance could see it quickly top most weak meme tokens.

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