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NFT Floor Price Surge and Ether ETFs’ Performance

By
Paul Ugbede Godwin
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0

The NFT market has been buzzing with activity. On Sunday, the daily Ethereum NFT trading volume reached the second highest level of the year. This surge in volume has led to a significant increase in the floor prices of many NFT collections. For example, the floor price of the blue-chip Azuki NFT collection climbed from 4.77 ETH to 6.24 ETH in just one day. Similarly, the Bored Ape Yacht Club and CryptoPunks collections have also seen notable increases in their floor prices.

The surge in floor prices is often accompanied by high trading volumes. For instance, the Azuki NFT collection recorded a trading sales volume of 1309 ETH, equivalent to $4.8 million, in just 24 hours, Collaborations with mainstream brands can also boost NFT floor prices. For example, McDonald’s partnership with Doodles NFTs led to a significant increase in the Doodles NFT floor price.

The Doodles NFT market has been considerably changed by this cooperation. According to NFT Price Floor, with a 24-hour trading volume of 275.05 ETH across 106 sales, the Doodles collection’s floor price as of November 22, 2024, is roughly 2.75 ETH. The floor price has risen remarkably 27.97% over the last 24 hours.

Furthermore, 4,220 individual holders own the collection, with a combined market worth of almost 28,990 ETH, or $89.86 million. The campaign has not only raised Doodles’ profile but also drawn fresh interest in NFTs as a whole, therefore proving their increasing attraction in mainstream consumer culture.

However, the total market cap of meme coins has crossed $125 billion, setting a new all-time high. The total multi-chain monthly DEX volume set a new all-time high of $372 billion in November, with Base and Solana each setting monthly records, Ethereum ETFs recorded $467 million of net weekly inflows, while Bitcoin ETFs saw $138 million of outflows, breaking a 7-week inflow streak.

Ethereum ETFs have seen a significant surge, recording $467 million in net weekly inflows. This highlights a growing interest in Ethereum as an investment asset. On the other hand, Bitcoin ETFs experienced $138 million in outflows, breaking a seven-week streak of inflows. This shift in investor sentiment is quite notable in the cryptocurrency market.

Since Ethereum spot ETFs were approved by the SEC in July 2024, the crypto’s price has lagged behind Bitcoin’s and the wider crypto market despite the industry’s clamor for approval. Ethereum’s price fell roughly 32% in the first 15 days after approval compared to Bitcoin’s which fell only 15.02% within the same period after the Bitcoin ETF approval in January 2024.

Spot Ethereum ETFs experienced an impressive weekly net inflow of $467 million, underscoring heightened interest from institutional and retail investors. The BlackRock Ethereum ETF (ETHA) alone recorded a substantial weekly inflow of $300 million, followed by Fidelity Ethereum ETF (FETH) with $120 million.

The Future Finance Report – Future Finance Report 2024 – Institutional crypto market- from Sygnum Digital Bank, which measures market sentiments and the behaviors of professional and institutional investors, showed that 90% of the 405 traditional investors surveyed were currently invested in blockchain protocol coins (which are largely Layer 1 coins). The report also showed that 31% of the respondents who already hold crypto planned on increasing their allocation in Q4-2024 while 32% planned to increase their portfolio in the next six months.

4 Hidden Gems To Add To Your Crypto Portfolio Now

By
TI Partners
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0

As 2024 wraps up, the crypto market is heating up with the entrance of new projects and the surge in established projects. Many investors are keen to lay claim to the hidden gems of the season in anticipation of a massive rally. That’s why FXGuys ($FXG), AIOZ Network (AIOZ),  Stellar (XLM), and Artificial Superintelligence Alliance (FET) stand out with a solid promise to boost investors’ portfolios.

FXGuys is a blockchain trading platform that merges DeFi and TradFi to give access to profitable opportunities within the trading industry. FXGuys has won many investors over because of game-changing features like Trader funding and Trade2Earn, which offer users multiple income streams.

Let’s dive into the four hidden gems you should take advantage of!

>>>BUY $FXG TOKENS HERE<<<

AIOZ Network Soars Following New Platform Upgrades

AIOZ has entered the top 100 cryptocurrencies by market cap with its impressive surge over the past 7 days. The AIOZ price surged by 36.4% in a week, and this impressive rally is due to its new partnership with Telegram.

Telegram’s mini-game, AiPets, has partnered with AIOZ Network to offer personalized interactions through artificial intelligence technology. AIOZ Network will power this Web3 game to be a personal companion rather than the regular tap-to-earn game Telegram is known for.

Due to the hype surrounding AIOZ Network’s collaboration, investors have ranked AIOZ among the hidden gems to leverage before the year runs out.

Stellar’s XLM Surges Due to Increased Network Activity

Stellar’s low-cost transactions and cross-border payments have drawn attention to its ecosystem. According to a recent tweet by Charting Guy, XLM has been in an Adam and Eve bullish pattern for years, which could indicate a massive breakout.

Due to XLM’s positive price trajectory, experts believe the Stellar token could reach $1 by 2025. Stellar continues to rank among the top cryptocurrencies because of its unique fundamentals and ecosystem.

Despite a brief decline in the Stellar coin’s price, XLM has managed to maintain its price at $0.55, a notable surge from its previous support at $0.40. Experts predict that Stellar will continue to rise following whales’ resurgence on the platform.

Stellar is among the hidden gems investors should get for their portfolios because of its potential for massive gains. XLM’s price is up by 12.78% over the past week, and more traders anticipate XLM’s steady growth in 2025.

FET Triggers Investors’ Interest With Its Burn Mechanism

Artificial Superintelligence Alliance launched its new earn-and-burn mechanism with up to 100 million tokens set to burn this December to reduce supply. Due to this burn mechanism, Artificial Superintelligence Alliance aims to boost demand, and following this news, FET’s price soared by 21.43% within seven days.

FET quickly rose to break its resistance levels, and experts suggest it could reach $2 as it climbed to $1.75 after breaking the $1.67 resistance.

Artificial Superintelligence Alliance’s FET is set for a rebound before the end of the year, which is why it is among the top hidden gems for investors who want to expand their portfolios.

The FXGuys Blockchain Trading Platform Wows the Market With Its Distinct PropFi Ecosystem

FXGuys is a project that has attracted seasoned investors with its long-term benefits. It is the new crypto trading platform that aims to simplify prop trading through features like Trader Funding, Trade2Earn, and staking. With these features, FXGuys seeks to address the challenges that discourage trading.

The FXGuys Trader Funding Program makes it the best crypto trading platform because it offers traders real capital to carry out their trading activities. This PropFi funding program offers traders up to $500,000 in capital, which helps them boost their profits and access opportunities.

Through the FX Guys Trader Funding Program, skilled traders can engage in risk-free trading by accessing funds to support their trading ambitions. However, to qualify for FXGuys’ Trader Funding Program, you must scale challenges on the platform.

When they complete the challenges, successful traders receive $200,000 in starting capital, which can increase as they continue to grow their accounts.

Investors are also looking at FXGuys’ Trade2Earn model in addition to the Trader Funding Program. This feature rewards traders with $FXG tokens for each trade, regardless of whether their trades are profitable.

Furthermore, FXGuys offers a no-buy-and-sell tax plus no-KYC trading model that gives users access to its decentralized trading platform without tax implications. You also don’t have to undergo rigorous KYC requirements, but you can maintain your privacy while leveraging the platform’s features.

Additionally, $FXG holders can stake their tokens to earn passive income on FXGuys’ platform. This robust staking program gives you a 20% revenue share from broker trading volumes when you lock your $FXG tokens for a set time.

This feature encourages long-term holding and boosts this blockchain trading platform’s liquidity, making it one of the crypto space’s hidden gems.

In addition to all these features, FXGuys undergoes rigorous audits by firms such as SolidProof and Soken to ensure that you trade in a secure and reliable environment.

>>>BUY $FXG TOKENS HERE<<<

Invest In The Best Crypto Trading Platform: Join the $FXG Presale Today!

FXGuys has sparked interest among investors seeking high-potential altcoins for their portfolios. With its ongoing presale raising over $2.75 million, experts anticipate the figure to rise to $5 million before the year ends.

The public presale is currently in Stage 2, and the token is valued at $0.04, with 81% of the allocated tokens sold out. Due to the success of its private round—which raised over $1 million—experts predict that once $FXG lists at $0.10, early backers will gain 1,000% returns by 2025.

Take advantage of this opportunity to join FXGuys, the best crypto trading platform, and gain huge returns post-launch!

To find out more about FXGuys follow the links below:

Presale | Website | Whitepaper | Socials | Audit

Tekedia Capital Welcomes Redouble AI

By
Ndubuisi Ekekwe
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0

You need AI to improve productivity. But AI does not take out responsibilities especially in regulated industries. In drug discovery and big pharmaceuticals, AI will improve workflows, but AI outputs must still be evaluated by humans.

Redouble AI (redouble.ai) scales human-in-the-loop for AI workflows in regulated industries. Simply, it improves the efficiency of human elements in reviewing the outputs of AI systems: “Instead of having to rely on slow and expensive human reviewers, Redouble’s clients save 80% of staff costs and significantly improve the accuracy and quality of their outputs by integrating our tool into their workflows.”

The team includes a medical doctor and an Oxford PhD, ex-AI drug discovery startup founder, ex-CEO of a small pharma and ex-Novartis engineer, providing the star nexus to execute the complex mission.

The foundation stack of their product will work for securities and the broad capital market even as they’re starting in drug discovery and pharma. Tekedia Capital (capital.tekedia.com) welcomes Redouble AI to our community, and asks companies in this industry to schedule demos with the company. They’re growing rapidly because Redouble AI is bringing order in the fledgling AI sector in pharma and making drugs.

Public Search Evolution and Dele Farotimi’s Arrest as Marketing Strategy for Rapid Book Sales

By
Mutiu Iyanda
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0

The arrest of Dele Farotimi, a Nigerian lawyer and author, has become a spectacle that has not only sparked political and legal debates but also catalyzed a significant surge in public interest in his book, Nigeria and Its Criminal Justice System. The public’s curiosity surrounding the arrest, coupled with rising online searches for both Farotimi and his work, exemplifies an intriguing intersection between media attention and marketing—a phenomenon that seems to have worked in Farotimi’s favour.

On December 3, 2024, our analyst observed a sharp spike in public search interest, particularly concerning Farotimi’s name, as seen in search trends. The graph depicting this surge shows an immediate uptick in searches for Farotimi (shown in blue) around the time of his arrest. Interestingly, a correlated rise in the search for his book (depicted in red) further confirms that the controversy surrounding his legal trouble directly affected his book’s visibility. The timing suggests that Farotimi’s arrest, though contentious, served as an unexpected marketing catalyst, drawing attention to a book that had been relatively under the radar before the incident.

Source: Google Trends, 2024

The arrest was precipitated by accusations of defamation of character brought forth by prominent Nigerian legal figure, Chief Afe Babalola, who alleged that Farotimi’s book contained defamatory statements about him. The fast-paced developments surrounding the arrest—Farotimi’s swift detainment and arraignment within 24 hours—served as the kind of dramatic event that often fuels public interest. This sharp rise in searches for Farotimi’s name, and his book, reflects a broader trend where public figures or events connected to controversy see increased attention and visibility as a result of media coverage.

What’s fascinating is that the sudden visibility of Farotimi’s book in public search trends reflects the broader impact of media on individuals and their works. It is important to recognize that media attention—particularly in the form of public scandals or legal battles—can often function as an unintended marketing strategy. Farotimi’s case is a classic example of this phenomenon, where the clash between an outspoken individual and the established powers inadvertently boosts the profile of both the person and the product. The spike in search interest suggests that people are not only curious about the legal ramifications for Farotimi but are also eager to understand the contents of his book, which provides a critical commentary on Nigeria’s criminal justice system.

The social media reactions to Farotimi’s arrest further elucidate how the public is engaging with this narrative. Many users have expressed outrage at the perceived injustice of the situation, with particular focus on the contrast between the swiftness of Farotimi’s arrest and the slow pace of justice in other high-profile cases. These responses point to a deeper frustration with Nigeria’s justice system, where the power dynamics often favour the wealthy and influential. The comments that highlight Farotimi’s resilience and liken him to a voice of reason in the face of impunity have only amplified the public’s curiosity about his work. In some cases, users have even shared that they purchased his book specifically to understand the allegations made against Babalola and to explore Farotimi’s critique of the justice system.

The hashtag #FreeDeleFarotimi has gained traction, amplifying the campaign for his release and further integrating Farotimi’s name into the public consciousness. His supporters argue that the legal action taken against him is a clear abuse of power and an attempt to silence critical voices. This growing movement, combined with the online attention, is undoubtedly leading to increased visibility for Farotimi’s book.

The media attention surrounding Farotimi has also sparked a larger discussion about Nigeria’s political and legal landscapes. His arrest highlights not only the influence of powerful individuals within the country but also the limitations of the justice system, especially when confronted with political and social pressures. Many social media posts have emphasized the systemic issues within the Nigerian legal framework and how Farotimi’s experience reflects the everyday struggles of ordinary citizens caught in the web of legal and political entanglements. These discussions are deeply intertwined with the public’s renewed interest in Farotimi’s book, which offers a critical exploration of these very issues.

This case raises important questions about the role of media and the justice system in shaping public perception. In a digital age, where search trends can indicate growing social concerns, Farotimi’s arrest has inadvertently turned into an unconventional marketing tool. His book, which might have otherwise struggled to gain widespread attention, has become a key focus of public curiosity, as Nigerians seek to understand the issues raised by Farotimi in his work. The rapid rise in book sales and online discussions demonstrates how media visibility, whether intended or not, can have a profound impact on the success of a book—particularly when the narrative involves a contentious legal battle.

XRP Price Prediction: Ranks Top 4 with $100B Market Cap, Whales Bet Big! What Crypto’s Next in Line?

By
TI Partners
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0

November 2024 was a good month for crypto traders around the globe, and from the look of things, December might be even better. On one hand, XRP is witnessing its biggest profit run in a long time. Meanwhile, the new Lunex Network is already setting new records and establishing itself as the next big crypto in the market.

With its presale gaining massive momentum, let’s explore why you should capitalize on this investment opportunity!

Lunex Network is set to dominate DeFi, one innovative feature at a time

Investors who are keen on making fast and stable income from the DeFi market know that the best way to do it is to invest in new crypto startups and their presales. Lunex Network is one such crypto startup whose presale has turned even the smallest investments into huge gains.

Lunex Network is at the forefront of innovation in today’s crypto market with its easy-to-use mobile exchange app and comprehensive portfolio tracker. The tracker lets users monitor over 50,000 crypto assets. These features appeal to traders, developers, and businesses, making Lunex Network a highly sought-after token.

Lunex Network token acts as the governance token for the exchange. Its deflationary tokenomics are designed to encourage growth and protect against market fluctuations. This innovative tech provides investors with a unique revenue-sharing system, where holders earn 18% of the platform’s profits from trading fees and Lunex Pro subscriptions, a premium service offering extra benefits for traders.

Things don’t end there; to enjoy these benefits associated with the Lunex network, investors need to participate in the presale. Currently, the presale has a low entry price of $0.0036. This affordable price affords investors the opportunity to join the next big crypto exchange revolution that Lunex Network offers.

XRP witnessed a huge price rebound after a long legal battle

XRP has been gaining huge attention due to price increases and its recent legal win. At the start of 2024, XRP’s native platform, Ripple, won a huge victory in its long-standing legal battle with the SEC. The court ruled that XRP is not a security, which ended years of uncertainty that severely affected XRP’s price. As a result of this ruling, XRP price prediction charts project that the token will reach a new all-time high soon.

That’s not all; Peter Brandt, a well-known crypto trader, also shared an XRP price prediction chart where he showed how the price broke through dynamic resistance around $0.92 and surged upwards. Based on Brandt’s chart, it seems he expects this breakout to push XRP’s price as high as $24 per token.

Since December began, XRP has surpassed $2.50. This is an impressive 368% gain from its value at the end of November. Due to XRP’s current growth trend, its market capitalization now stands at $137 billion. As a result, XRP is once again one of the top digital assets in the DeFi market, following BTC and ETH and ahead of USDT and SOL.

Conclusion

While XRP is regaining its lost glory as one of the top cryptos in the market by market cap, Lunex Network is also making its way to the crypto charts aided by its impressive features and fast-selling presale. Fatten your portfolio with Lunex Network today!

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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