Schlagwort: crypto business

• Krypton DAO (KRD) price is up 513% in a week to $2.69.
• The token has risen by over 100% today alone.
• There are no major developments within the Krypton DAO leaving investors worried if it will sustain the gains.

In a remarkable surge that has caught the eye of the crypto community, Krypton DAO (KRD) has witnessed an astonishing 513% price increase over the last week, currently trading at $2.69.

This spike elevates the token from a modest $0.442 to a peak of $2.99 within a week, showcasing an unprecedented level of investor enthusiasm or speculative trading. While KRD’s price remains below its all-time high of $4.04 achieved on May 31, 2023, the current surge brings it closer to that mark.

What are the chances of Krypton DAO (KRD) price rising further?

The fervour around KRD’s price action has been notable on social platforms like X, where the token’s performance has been the subject of numerous discussions. Several posts have highlighted KRD’s ascent, with some posts noting even higher short-term gains, such as today’s 100% surge.

 

This kind of volatility is characteristic of the cryptocurrency market, especially for tokens like KRD, which is currently ranked at position 295 by market cap, suggesting it is still in the eyes of many a speculative asset rather than a mainstream investment.

However, despite the impressive growth, the question on everyone’s mind is whether KRD can maintain these gains.

Historically, such rapid ascents can be followed by equally swift declines, as seen with many cryptocurrencies that experience similar speculative bubbles.

The market cap of KRD now stands at $280,880,823, with a fully diluted valuation hinting at a much larger potential market if all tokens were in circulation. This discrepancy between current and potential valuation can be both a beacon for growth and a warning sign for volatility.

The trading volume of $322,177 over the last 24 hours further illustrates the intense interest but also the speculative nature of such investments.

While the community buzzes with optimism, seasoned crypto analysts caution against jumping in blindly. They recommend watching for further developments in Krypton DAO’s ecosystem, like partnerships or platform upgrades, which could provide a more stable foundation for its price.

However, without such catalysts, the sustainability of this surge remains uncertain, leaving investors to ponder if KRD’s current valuation is a bubble waiting to pop or the start of a new chapter in its journey.

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Tokenized real-world assets platform MANTRA has struck a notable $1 billion agreement with DAMAC Group, a top investment conglomerate in the Middle East.

On Jan. 9, the L1 blockchain announced that it had sealed the $1 billion deal in a collaboration that will see the partners tokenize assets in the region. DAMAC Group’s business operations include in real estate, hospitality and data centres among others. MANTRA is a real-world assets blockchain platform and cryptocurrency.

MANTRA eyes $1 billion tokenized RWA market

MANTRA and DAMAC Group will work together to bring token-based financing to several of the group’s assets. The partnership targets a tokenization drive with a minimum $1 billion. Assets in DAMAC Group’s portfolio will go live on MANTRA Chain in early 2025.

“This partnership with DAMAC Group is an endorsement for the RWA industry. We’re thrilled to partner with such a prestigious group of leaders that share our ambitions and see the incredible opportunities of bringing traditional financing opportunities on-chain,” John Patrick Mullin, chief executive officer of MANTRA said in a statement.

Amira Sajwani, managing director of sales & development at DAMAC, added that the partnership will offer investors access to investment opportunities that benefit from security, transparency and convenience.

MANTRA’s mainnet went live in October, with the L1 network seeing notable integrations as traditional finance and decentralized finance players embrace its blockchain technology.

The platform has recorded significant milestones for its native token OM with major exchange listings. Mantra also hit development landmarks with bridge, staking and swap & liquidity pools.

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Most cryptocurrencies have traded lower in the past week, with recent gains lost as Bitcoin sees a significant decline from its all time high.

Despite the downturn seen in the past 24 hours, is ai16z poised for a new leg up? What does this mean for iDEGEN, the viral autonomous AI agent whose presale has attracted over $15 million so far.

AI agents growth

AI agents related to crypto tokens have taken over the market, having exploded onto the scene after Goateus Maximus went parabolic following tweets from AI agent platform Terminal of Truths. iDEGEN is the latest unhinged chatbot on X and Telegram that’s going viral amid a presale that has reached over $15 million.

AI meme coins and agents are thus a major part of the market today, including zerebro, ai16z, aixbt and Fartcoin.

Support for the sector includes leading US-based crypto exchange Coinbase’s organizing of an agentic developer hackathon in San Francisco. The publicly-traded company is looking l to aid developers to bring AI agents onchain. The exchange also launched an AI agents toolkit in October 2024.

With growth inevitable and potential gems in the making, which of ai16z or iDEGEN could be the better buy?

ai16z price prediction

Top altcoins are registering notable selling pressure, with Bitcoin dropping to near $93k and Ethereum to $3,300. While the market outlook remains bullish, analysts say BTC could correct further to offer a buy the news opportunity ahead of Donald Trump’s inauguration.

Analysts say the buzz around the AI agents market may see a similar trend, and likely to lead the market could be ai16z. This outlook means bulls will in the short term rely on key support areas if they harbour plans for a new all-time high.

Key resistance levels are $2.47 and the psychological $3.00 level, while on the downside, a break to $1.30 could allow bears to revisit $1.19 and $0.87.

Ai16z traded at $0.01019 on November 3, 2024. Per CoinGecko, the token’s price has surged a staggering 14078.8% since. But how does this compare to iDEGEN?

iDEGEN price prediction

An agent that posts every hour on X and via Telegram as it learns from scratch breaks the norm of guardrail projects. Despite a recent run in with X over “violent speech”, iDEGEN has not slowed down in its presale. In each engagement scenario with degens on X, iDEGEN attracts buying pressure from the market.

This has seen IDGN price jump from an initial $0.00011 to the current price of $0.0710, which indicates 64,459% returns for stage 1 buyers. iDEGEN’s dynamic pricing has been very popular and as most tokens decline, IDGN’s value is up 513% in the past week.

When iDEGEN lists on exchanges in January, the price could explode further.  But current price levels may offer a chance to get in early.

Something unique about the project is its breakthrough amid an unfiltered spewing of what it learns from its community of degens. In the past month, iDEGEN has raised over $15 million and sold over 1.3 billion IDGN tokens. The surge has come as traders position with AI agents.

Notably, as a viral AI agent, iDEGEN has astounded investors with the massive surge for its token IDGN.

Learn more about iDEGEN here.

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• Standard Chartered launches a crypto custody entity in the EU.
• The new entity is based in Luxembourg and will operate under MiCA regulation.
• Standard Chartered has launched crypto services in the United Arab Emirates.

British multinational bank Standard Chartered has announced the establishment of a new entity in Luxembourg aimed at offering crypto custody services throughout the European Union.

This move comes in response to the EU’s newly enacted Markets in Crypto Assets (MiCA) regulation, which seeks to standardize the operations of digital asset providers across member states.

Standard Chartered’s forays into crypto services

The announcement was made through a press release on January 9, detailing that the Luxembourg branch will serve as a gateway for Standard Chartered’s expansion into the crypto custody market in Europe.

Notably, this move follows the bank’s previous forays into digital assets, including similar services launched in the United Arab Emirates, showcasing its commitment to capitalizing on the burgeoning crypto sector.

Heading the new Luxembourg entity is Laurent Marochini, a veteran in the innovation sector, previously with Société Générale.

Marochini expressed his honour in taking the helm at Standard Chartered Luxembourg, emphasizing his dedication to providing top-tier services to clients, team, and stakeholders. “It is an honour to join the leading international bank, Standard Chartered Luxembourg as CEO. I am fully committed to delivering excellence,” Marochini stated in the press release.

Margaret Harwood-Jones, Standard Chartered’s global head of financing & securities services, highlighted the bank’s excitement about extending its digital asset custody services to the EU region. “We are really excited to be able to offer our digital asset custody services to the EU region,” she said, underscoring the bank’s role in aiding institutional clients in navigating the digital asset ecosystem.

Standard Chartered’s engagement with cryptocurrencies doesn’t end with custody services. The bank has been notably active in the crypto space, with ventures like Zodia Custody and Zodia Markets, and it holds an optimistic view on Bitcoin’s future, predicting a potential rise to $250,000. It was recently selected by OKX as its institutional crypto custodian.

Furthermore, the bank is exploring opportunities in stablecoins, evidenced by its participation in Hong Kong’s stablecoin issuer sandbox and its participation in China’s Digital Yuan Pilot in 2023.

The expansion into the EU underlines Standard Chartered’s strategic pivot towards becoming a significant player in the digital finance landscape, aligning with regulatory frameworks like MiCA to ensure security and compliance in its operations.

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