Schlagwort: crypto business

• JasmyCoin (JASMY) has seen an impressive price rise driven by AI program launch, token lockup, and Apple speculation.
• Analysts predict JasmyCoin price is posed for further gains and could hit $0.05 very soon.
• Bitbot, an AI trading bot, is nearing end of its token presale with palpable anticipation for exchange listing.

JasmyCoin (JASMY) has recently captured the attention of investors with its meteoric rise in price. Surging by over 25% within the last 24 hours, by over 79% in the past month, and by over 577% in the past year, JASMY has demonstrated resilience and growth amidst the global crypto market’s recent crash.

However, as JasmyCoin rises, another cryptocurrency Bitbot (BITBOT) is also capturing the attention of investors as its presale comes to an end with exchange listing now in focus.

JasmyCoin price prediction

JasmyCoin’s recent price surge can be attributed to several key developments.

To start with the launch of the JANCTION AI program has attracted significant interest, positioning JasmyCoin as a pivotal player in the intersection of blockchain and artificial intelligence.

Additionally, the lockup of 100 million JasmyCoins has created buying pressure, reducing the circulating supply and boosting the price.

Analysts predict further price appreciation for JasmyCoin (JASMY), with expectations of potential breakout levels towards $0.05 and subsequently $0.10.

The recent surge in trading volume and market cap indicates growing investor confidence in JASMY’s future prospects.

Furthermore, speculation about a potential partnership with Apple regarding Japan’s “My Number” ID integration into iPhones is fueling excitement in the market as the general positive market dynamics, including rallies in Bitcoin (BTC) and Ethereum (ETH) prices adding to the bullish market sentiment for JASMY.

Bitbot: could it outperform JASMY once it gets listed?

Amid Jasmy’s spectacular rise, Bitbot, the world’s first AI Telegram Trading Bot, has emerged as another promising player in the crypto space.

Leveraging market data to provide actionable insights for trading decisions, Bitbot has garnered attention for its innovative approach to cryptocurrency trading.

In addition, the BITBOT token presale, which is quickly selling out and nearing its end, has also generated significant interest among investors.

The presale is in its last presale stage and it is quickly selling out as investors rush to get a stake of the Telegram bot token before the presale ends. Notably, the current presale price of BITBOT stands at $0.02 having risen significantly throughout the previous presale stages.

The presale has seen remarkable success, with enthusiastic participation from investors keen to secure their stake in this groundbreaking project. So far, the total amount raised has soared to an impressive $4,110,551, out of the target $4,324,000.

This overwhelming response underscores the confidence investors have in Bitbot’s vision and potential.

Looking ahead, the Bitbot roadmap outlines plans for further development, including the launch of the Bitbot native mobile app, cross-chain support, enhanced community features, and enhanced liquidity.

With the presale drawing to a close, anticipation mounts about the future trajectory of the BITBOT token, especially once it gets listed on bot centralized and decentralized trading platforms.

As investors weigh their options, the performance of Bitbot in comparison to JASMY remains an intriguing prospect.

With its advanced trading capabilities and strong community support, Bitbot has the potential to disrupt the cryptocurrency trading landscape and potentially outshine JasmyCoin in the future.

Conclusion

Both JasmyCoin and Bitbot represent exciting opportunities in the cryptocurrency market.

JasmyCoin’s recent price surge underscores its potential for further growth, driven by key developments and positive market dynamics.

On the other hand, Bitbot’s innovative approach to trading and upcoming roadmap milestones position it as a contender for outperforming JASMY in the long run.

Nevertheless, as investors navigate the dynamic crypto landscape, careful evaluation of the market is important for making informed investment decisions.

The post JasmyCoin price prediction: could Bitbot outdo JASMY? appeared first on CoinJournal.

• Davido’s $DAVIDO token launch triggers pump-and-dump suspicions.
• Critics cite past involvement in promoting questionable crypto projects.
• Debate intensifies over the impact of celebrity-backed meme coins.

Nigerian superstar Davido finds himself embroiled in controversy following the launch of his meme token, $DAVIDO, amidst a broader debate surrounding celebrity-backed meme coins.

The rapid rise and subsequent crash in the value of $DAVIDO have raised suspicions of a pump-and-dump scheme, drawing attention to the integrity of such ventures in the crypto space.

Davido reportedly pocketed $473K in 11 hours

Davido reportedly reaped substantial profits, with a staggering $473,000 earned within a mere 11 hours of the token’s launch.

Initial investment details reveal that he received 7.5 SOL ($1,275) as startup capital and used 7 SOL ($1,190) to create and launch $DAVIDO on Pump.fun, acquiring 203 million tokens, which accounted for 20.3% of the total supply.

Davido then went ahead to sell 121.88 million $DAVIDO tokens for 2,791 $SOL($474.4K), making a profit of about $143K.

However, there are fears of a rug pull scheme especially since the token’s value has since plummeted by 95%, leaving investors in dismay.

Questionable integrity

Critics have pointed to Davido’s past involvement in promoting projects with questionable integrity, including RapDoge, Echoke, and Racksterli, as evidence of a pattern indicating a profit-driven agenda.

These d-tier celebs you keep supporting mostly have already launched or promoted multiple scams in the past.

EX: Davido promoted RapDoge, Echoke, and Racksterli (massive Nigerian investment ponzi)

Now bc they come back and make one post you think this time will be different…

— ZachXBT (@zachxbt) May 30, 2024

This has led to concerns within the crypto community regarding the motives behind celebrity-endorsed tokens, with skeptics questioning their commitment to genuine innovation and contribution to the ecosystem.

The proliferation of celebrities endorsed meme coins

The $DAVIDO debacle comes amidst a broader discussion surrounding the proliferation of meme coins endorsed by celebrities.

While some view such initiatives as a means of onboarding new users to the crypto space, others caution against blindly supporting token launches, highlighting the potential for market manipulation and investor exploitation.

Recent launches by multiple celebrities have reignited this debate, with opinions divided on the overall impact on the crypto industry.

Ansem, a member of the crypto community, emphasizes the importance of engaging with celebrities interested in contributing to the space while acknowledging the need for caution. However, voices like ZachXBT warn against placing undue trust in celebrities, particularly those with a history of promoting scams and fraudulent projects.

The controversy surrounding Davido’s $DAVIDO token underscores the need for greater transparency, accountability, and investor education in the crypto space.

As regulatory scrutiny looms over celebrity-backed projects, stakeholders are urged to exercise diligence and discernment when navigating the volatile landscape of meme coins and speculative investments.

In the meantime, whether celebrities like Davido can redeem their reputations and foster genuine collaboration remains to be seen, as the debate surrounding their role in the crypto ecosystem continues to evolve.

The post Nigerian superstar DAVIDO meme coin rug pull fears sparks controversy appeared first on CoinJournal.

• Aptos (APT) integrates Chainlink’s CCIP and data feeds, boosting its dApp development.
• APT price rises by 3.14% to $9.41; market cap increases by 3.17% to $4.1 billion.
• Aptos has become the first Move-based blockchain to join Chainlink’s SCALE program.

Aptos (APT) has seen a notable increase in its market performance following the announcement of its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and data feeds.

Revealed during the Consensus 2024 event in Austin, Texas, this strategic integration marks a significant milestone, making Aptos the first blockchain utilizing the Move programming language to incorporate Chainlink’s advanced services.

Impact on Aptos (APT) price

The announcement of the integration has had a positive impact on Aptos’ market metrics with the price of APT rising by 3.14%, reaching $9.41 at the time of writing.

This upward trend has also been reflected in its market capitalization, which surged by 3.17% to $4,105,772,619, elevating its market rank to 26 despite the 24-hour trading volume experienced a decline of 5.67% to $124,523,283.

What does the Aptos, Chainlink collaboration entail?

The collaboration between Aptos and Chainlink is poised to enhance the development of decentralized applications (dApps) on the Aptos network.

By joining Chainlink’s SCALE program, Aptos developers will gain increased access to a suite of Chainlink services, significantly expanding their toolkit for building secure, scalable, and feature-rich dApps.

Chainlink’s CCIP plays a crucial role in facilitating communication between independent blockchains, a growing necessity in the proliferating digital asset ecosystem.

By enabling seamless data exchange across different networks and with external systems, Chainlink aims to solve one of the key challenges in blockchain interoperability.

Notably, Chainlink’s CCIP has been instrumental in its partnership with SWIFT, the global banking messaging system, demonstrating its efficacy in connecting diverse systems.

Aptos, founded by former employees of Meta, focuses on delivering low-cost transactions and high throughput. It leverages the Move programming language, originally developed for Meta’s now-defunct crypto project, Diem.

The integration with Chainlink is expected to provide significant benefits to the Aptos ecosystem, driving innovation and attracting more developers to the platform.

Bashar Lazaar, grants and ecosystem lead at the Aptos Foundation, emphasized the importance of this integration. He stated:

“Joining the Chainlink SCALE program will empower developers on Aptos with new and increased access to Chainlink services, expanding the toolkit of resources on Aptos available to help them build secure, scalable, and fully-featured dApps.”

The partnership represents a pivotal development for both Aptos and Chainlink, promising to accelerate the growth and adoption of decentralized technologies.

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• OCEAN Mining has announced the establishment of a global hub in El Salvador.
• The Bitcoin mining pool is backed by Jack Dorsey.

OCEAN Mining, a Bitcoin mining pool backed by Jack Dorsey, the founder of payments firm Block (formerly Square), has established its headquarters in El Salvador.

OCEAN opens international hub in El Salvador

In a press release published on May 29, OCEAN said its new global hub would be based in San Salvador, the capital city of El Salvador.

The Bitcoin mining pool will use this hub to advance its global presence and promote decentralization in BTC mining.

OCEAN’s President Mark Artymko commented on the development:

“To further our decentralization efforts we needed a global presence, and El Salvador was the obvious choice. With places like Venezuela and the EU imposing legislation to ban Bitcoin mining, El Salvador’s political stance was in stark contrast and a beacon of hope for the industry.”

El Salvador’s “Bitcoin-first culture”

El Salvador became the first country to adopt Bitcoin as legal tender. The country adopted BTC as legal tender in June, 2021, with the law becoming effective on September 7 that year.

President Nayib Bukele continues to champion the adoption of Bitcoin and has often provided updates on the country’s BTC holdings.

Stacy Herbert, head of El Salvador’s Bitcoin Office, noted that the “Bitcoin-first culture” provides a conducive environment for crypto companies and entrepreneurs in the country.

“This decision by the OCEAN Mining team reaffirms that the Bitcoin-first culture we are building in El Salvador is providing the tools that entrepreneurs around the world need to thrive in a Bitcoin economy. We welcome OCEAN and all other companies working to advance Bitcoin adoption,” Herbert added.

OCEAN co-founder and CTO Luke Dashjr said that the hub will contribute to Bitcoin adoption in El Salvador and across the globe.

“El Salvador is on the leading edge of Bitcoin and Bitcoin mining adoption, and we believe OCEAN’s presence here will help to advance these efforts here and create new opportunities for El Salvador and elsewhere,” the Bitcoin Core developer noted.

OCEAN Mining launched in 2023, and faced some controversy as its operations went live.

In November, Jack Dorsey led a $6.2 million funding round for the mining pool’s Wyoming-based company Mummolin.

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