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Dogecoin (DOGE) and Toncoin (TON) Stage Comeback as BTC Creates New Peak – Whale Frenzy Pushed this New ICO to Stage 5

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The crypto shot up during the US election, with Bitcoin (BTC) crossing $75,000 after Donald Trump was announced as the winner—a new peak. Altcoins also staged a comeback as Dogecoin (DOGE) and Toncoin (TON) skyrocketed. With this a tip of what to expect, investors have been betting big and accumulating their favorite altcoins.

IntelMarkets (INTL), one of the most promising ICOs, stands out. Whales frenzy pushed the presale to the fifth stage, inching closer to its much-anticipated launch. Its bullish AI-DeFi narrative and significant upside potential are key drivers fueling demand and interest.

IntelMarkets (INTL): Approaches Explosive Debut

The viral AI crypto IntelMarkets (INTL) is the latest on whales’ radars. By combining AI with blockchain technology and DeFi, it is a fundamentally solid altcoin and boasts massive upside potential. Amid rising whale interest, the presale entered the fifth stage, quickly approaching its debut.

Meanwhile, a token costs only $0.045—a low entry. Heavily discounted, retailers and whales have been gobbling it up, positioning themselves for what has been hailed as the next big thing. It is tipped for a 55x rally after its launch, positioning it as the best new crypto to invest in.

Further, its future transformation of the $36 billion global crypto trading market makes it a strong crypto contender against Dogecoin (DOGE) and Toncoin (TON). It will integrate AI across all trading levels—the ecosystem will be powered by an AI-based blockchain. Further, its trading bots can learn from their mistakes and real-time data, while the Intelli-M trading systems can perform rigorous technical calculations across markets in seconds.

Dogecoin (DOGE): Crossed $0.2

Dogecoin (DOGE) is the first and leading memecoin—some of its biggest attractions. It is a retail and institutional favorite, contributing to its ascent as one of the top altcoins. It skyrocketed after the US election, staging a comeback.

The Dogecoin price shot up, shrugging off recent bearish pressure and exploding over 19% on the weekly chart. It is up over 20% in the past 24 hours, crossing the $0.2 mark. With confidence growing and another meme craze seemingly unfolding, Dogecoin (DOGE) is one of the best coins to invest in.

TradingView’s moving averages read “strong buy,” the same as Awesome Oscillator and the MACD Level (12, 26), at 0.03002 and 0.01455, respectively. To make the most of the brewing bullish wave, Dogecoin is one of the altcoins to watch.

Toncoin (TON): Tipped for a Weekly Close Above $5.5

Toncoin (TON), one of the top 10 cryptocurrencies, is another altcoin on the upside. The recent slump has given way to upswings, sparking excitement within the community. With a comeback unfolding, it leads the week in gain.

The Toncoin price bounced back, up over 4% on the daily chart. It retails above $4.8, aiming for a breakout above $5 in the coming days. Moreover, top analysts suggest a weekly close above $5.5, placing it on the list of the best altcoins to invest in.

With indicators like Momentum (10) at ?0.18 and the Hull moving average (9) at 4.68, further upswings are on the cards. A rally above its current all-time high of $8.24 is a matter of when and not if, making the current dip worth buying.

Conclusion

While Dogecoin (DOGE) and Toncoin (TON) mount a comeback after Bitcoin’s new ATH, whales have been doubling down on IntelMarkets (INTL). This new AI altcoin boasts significant upside potential, not forgetting its imminent transformation of the crypto trading scene. To become an early adopter, you can check out the presale.

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XRP vs. Rexas Finance (RXS): Insider Predicts Which Will Deliver Biggest Gains on a $1,000 Investment if Bitcoin Reaches $200,000

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The always-changing terrain of cryptocurrencies offers investors a wide range of possibilities across several digital assets. Among the notable challengers in this field are XRP, a long-standing player supported by institutional acceptance, and Rexas Finance (RXS), a startup leading front-stage in real-world asset tokenizing.  This article explores the possible profits of a $1,000 investment in these two tokens, especially in the hopeful situation that Bitcoin finds $200,000.

XRP’s Clearly Defined Market Position

Over the years, XRP has become a major participant in the cryptocurrency scene mostly because of its strong institutional support and practical use as a bridge currency for overseas transfers. XRP is positioned for little expansion as the total market capitalization of cryptocurrencies approaches $3 trillion and its present market share hangs about 1.10%. XRP might see its price rise to about $0.599 by the end of 2024 in a realistic bullish scenario whereby the cryptocurrency industry grows to $3 trillion. Given XRP’s extensive market history, this is somewhat conservative even if it shows a clear benefit from present prices.  Should the market value surpass $3 trillion, XRP’s price would perhaps reach $1.96 by 2025, providing almost a 4x return on investment in an even more hopeful prediction. Risk-averse investors looking for a more consistent asset may find such estimates for XRP to show a small but consistent growth path appealing.

Rexas Finance (RXS) the New Contender

Rexas Finance is positioned, on the other hand, as a trailblazer in the fast-expanding field of real-world asset (RWA) tokenization. Rexas essentially removes obstacles for investors by offering a platform whereby tangible and intangible assets may be traded as tokens on the blockchain, therefore permitting fractional ownership and democratizing access to very valuable assets. Driven by a growing need for asset-backed digital tokens that provide better liquidity and transparency than conventional investment vehicles, this opportune entrance into the market fits with an increasing demand for distributed finance solutions. Rexas Finance has shown great success, raising over $5.45 million, which reflects great project investor trust.

With an anticipated listing price of $0.20, RXS currently costs $0.07 currently in its fifth stage and early investors could realize a stunning 500% return upon public listing. Early adopters gain from this progressive pricing model as well as from increased demand for RXS as it is ready for general release. Furthermore, dedicated to growing its ecosystem with creative ideas such as the QuickMint Bot and GenAI for NFTs is Rexas Finance. By connecting with commonly used chat services, the QuickMint Bot streamlines the token creation process so users may generate and manage tokens without significant technical knowledge. This strategy increases the appeal of tokenizing so that a wider varied audience may access it. In the same vein, Rexas GenAI uses artificial intelligence to create digital artwork for NFT production, therefore democratizing the digital art scene and drawing fresh market players.

Comparative Returns Using a $1,000 Investment

When evaluating possible returns, XRP and Rexas Finance have quite different investing environments. Assuming a present price of roughly $0.50, a $1,000 investment in XRP would result in 2,500 XRP tokens. Should XRP’s price increase to $0.599 in the optimistic 2024 projection, the investment would be valued at $1,497.50. The investment might reach $4,900 in the even more hopeful 2025 estimate of $1.96. On the other hand, an investor would get 14,285 RXS tokens if they gave Rexas Finance the same $1,000 at its present price of $0.07. Should the expected listing price be $0.20, the value of the investment would rocket to $2,857. The upside for RXS might be great, especially when the initiative picks momentum in the market, given the possibility for expansion beyond first forecasts.

Conclusion, which investment yields higher gains?

Rexas Finance presents a great possibility for much higher profits due to its creative approach to asset tokenization and good presale performance, even if XRP offers the security of an established asset with limited development potential.  Both tokens stand to gain as the Bitcoin market grows and Bitcoin’s price swings; yet, for those ready to accept the risks involved in new ventures, RXS’s rising potential—supported by its special offerings and market timing—is positioned as a more profitable option. Ultimately, Rexas Finance could provide the most returns on a $1,000 investment compared to XRP in the next years for investors looking for aggressive development and ready to negotiate the volatility of a fast-changing industry. Along with the possibility of large rewards, this new participant offers a chance to take part in a revolution in the Bitcoin sector.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Halloween Giveaway: https://x.com/rexasfinance/status/1851983620765852009

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

New Market Development in Africa – Tekedia Mini-MBA

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Tomorrow at Tekedia Mini-MBA,  Mayowa Olugbile, Founder of Frontier Enterprises, ex-General Partner of Future Africa fund, ex-Flutterwave, and many more, will teach on the topic “New Market Development in Africa”.

In this edition of Tekedia Institute Mini-MBA, we have been doing all to understand and figure out how to unlock the massive opportunities in intra-African trade. This makes sense especially for those in markets like Nigeria where the currency has weakened, and they need to sell more to other countries.

For example, the currency that is used in Togo, Benin Republic, etc – the CFA franc – is the new latent US dollar, in Nigeria,  because that currency is 10x ahead of Naira in the last nine years. So, besides America, Europe and more, unlocking the African market is strategic.

Join us tomorrow – our product is KNOWLEDGE. To register for the next Tekedia Mini-MBA please go here.

Top 5 Benefits of Choosing an ECN Broker for Your Trading Needs

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Trading foreign exchange (forex) can be a profitable endeavor for those who take the time to educate themselves on effective trading strategies. An important decision for any forex trader is choosing the right broker. Electronic communication network (ECN) brokers have emerged as a popular option thanks to the transparency and flexibility they provide.

This article will explore the top 5 key advantages of selecting an ECN broker, helping you make an informed decision when evaluating brokers to meet your trading needs. Whether you’re a novice just getting started or a seasoned trader looking to optimize your strategy, partnering with the right ECN broker can enhance outcomes.

What is an ECN Broker?

Before diving into the major upsides, let’s ensure we have a clear understanding of what precisely constitutes an ECN broker.

ECN brokers provide direct access to the interbank market, meaning you trade directly with market makers and other participants rather than going through a dealing desk. This differs from market maker brokers, who may act as the counterparty, taking the other side of your trade.

With an ECN broker, buyers and sellers interact directly within an electronic network to display the best bid and ask prices currently available. This competition creates tight spreads and transparent pricing.

Now that we’ve defined what sets ECN brokers apart let’s explore why this model offers valuable advantages to forex traders.

1. Tighter, Competitive Spreads

One of the primary benefits of selecting an ECN broker is access to significantly tighter spreads. The spread represents the difference between the bid and ask price, essentially the cost paid to trade. Tighter spreads equal lower trading costs and higher profit potential.

For example, the EUR/USD pair may have a variable spread around 0.4 pips with an ECN broker. With a market maker broker, spreads can hover well above 2 pips. While just a few pips may not seem like much, they add up over time and can seriously cut into profits. This cost difference demonstrates why ECN spreads are so appealing.

How are ECN brokers able to offer such competitive spreads? It comes down to the direct market access described previously. With liquidity pools from dozens of banks and participants competing, spreads get driven down to fractional pips. ECN brokers then pass these narrow spreads directly on to you.

2. Depth of Liquidity Access

Another major advantage is the depth of liquidity ECN brokers provide through consolidated pricing across various liquidity pools. This links you to ample liquidity from tier-1 banks, institutional traders, hedge funds, and other market players.

Abundant liquidity is essential for seamless order execution. You want to be able to enter and exit positions smoothly, even during times of high volatility. ECN brokers source liquidity from multiple providers, as opposed to solely relying on their own internal liquidity.

This diverse liquidity access allows you to trade without restriction, even on large orders or during news events. For active traders, having sufficient liquidity can make or break your trading and profit potential. ECN brokers excel in this area.

3. Fair Order Execution

A third major benefit offered by ECN brokers is impartial order execution according to price and time priority. How does this work, and why does it matter?

As orders flow into the ECN network, they get prioritized first by price (best price shown first) and secondly by order arrival sequence. This creates a fair playing field regardless of trade size or account balance.

With a market maker broker, the company can see your orders and has discretion regarding if and when they execute your trades. They may prioritize their own profits over the timely execution of your orders.

In contrast, ECN brokers cannot easily manipulate or delay orders since execution priority happens within the network automatically according to clear rules applied equally to all participants.

4. Complete Anonymity Implemented

Maintaining complete trading anonymity is the fourth key advantage on our list. ECN brokers enable you to avoid exposing your trading strategies and order flow.

Again, we come back to the absence of a dealing desk and direct market access. Your orders get absorbed directly into the ECN network without needing to go through an intermediary.

This differs from market maker brokers who can see client orders and essentially “peek behind the curtain” to discern trading patterns. By preserving anonymity, ECN brokers eliminate this concern entirely. Your trading activity and chosen strategies stay confidential.

For many traders safeguarding the secrecy of their unique edge, anonymity is hugely important. ECN brokers allow you to sidestep this potential information leakage.

5. Flexibility to Employ Any Trading Style

The versatility of implementing a wide variety of trading techniques is another primary benefit of ECN brokers. Thanks to reliable pricing and order execution, you retain the flexibility to trade however best aligns with your plan.

Want to scalp the markets, capturing small price movements? That is no problem; ECN brokers can smoothly support this intensive trading style.

Prefer swing trading or breakout strategies? The dynamic execution from ECN brokers also enables this approach. Whether you trade passively or aggressively, discretionarily or algorithmically, these brokers offer the flexibility to accommodate your needs.

Compare this to dealing desk brokers who may prohibit scalping, restrict trading during news events, or otherwise limit the way you can trade. The technology of ECN brokers empowers you with more freedom over your trading activities.

Key Takeaways on Why Choose an ECN Broker

Deciding whether to trade with an ECN or market maker broker constitutes one of the most pivotal decisions in determining trading success. With the above benefits in mind, let’s summarize the key reasons why ECN brokers often prove the superior option:

  • Tighter spreads – Direct market access allows you to trade on spreads under 1 pip, slashing trading costs substantially over time.
  • Robust liquidity – Abundant liquidity from tier-1 banks/institutions enables smooth execution even on large block orders.
  • Fair order execution – Orders get prioritized based strictly on defined price and time parameters for unbiased fill rates.
  • Anonymity – Trading strategies and order flow stay entirely confidential without a dealing desk monitoring activity.
  • Flexibility – The ECN structure supports any trading style, from scalping to breakout trading and everything in between.

While every trader needs to evaluate their unique priorities, for most, the advantages above make a compelling case to consider ECN brokers strongly for your trading needs. The tight spreads, robust liquidity, impartial order fill processing, built-in anonymity, and style flexibility collectively offer major benefits.

MTN Nigeria Reports N514.9bn Loss For Nine Months Ending September 30, 2024

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MTN Nigeria Communications Plc has released its financial results for the nine months ending September 30, 2024, revealing challenges, loss, and growth in certain areas.

The telecom giant reported a notable loss after tax of N514.9 billion, with a third-quarter Profit After Tax (PAT) of N4.1 billion. When adjusted for the net foreign exchange loss, PAT stood at N118.5 billion, marking a substantial 59.2% decline. This loss was primarily attributed to the persistent devaluation of the naira, with the N514.9 billion recorded reflecting a slight decrease from the N519.1 billion reported in the half-year results.

The telecom giant showed a 33.6% increase in service revenue, totaling N2.4 trillion. However, its subscriber base saw a decrease of 0.9%, dropping to 77 million. This reduction was primarily due to regulatory pressures, specifically the National Identity Number (NIN)-SIM linkage mandate, which required telecom providers to deregister non-compliant Subscriber Identity Module (SIM) cards.

Meanwhile, active data users grew by 5.1% to 45.3 million, demonstrating continued demand for internet connectivity amid digitalization trends. Yet, active mobile money (MoMo PSB) wallets dropped significantly by 21.8% to 2.8 million, indicating challenges in expanding financial service offerings under current economic conditions.

A detailed examination of MTN Nigeria’s operating metrics reveals further areas of strain. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) declined by 5.3%, totaling N860.2 billion, while the EBITDA margin dropped by 14.9 percentage points to 36.3%.

Commenting on the financial outcome, MTN Nigeria’s CEO, Karl Toriola, referred to the company’s performance as “resilient” in the face of macroeconomic and regulatory challenges. He acknowledged the significant impact of inflationary pressures and exchange rate depreciation on operational costs, describing the environment as “persistently challenging.”

“In the first nine months of 2024, we sustained the growth in our underlying operating performance—underpinned by our resilient business model and operational agility—despite challenging conditions,” Toriola noted.

He explained that average inflation rates reached 32.8% during this period, up from 24.5% in the previous year. He highlighted the steps taken by the Central Bank of Nigeria (CBN) to counter inflation, including raising the Monetary Policy Rate (MPR) by 8.5 percentage points to 27.25%.

Although this monetary policy adjustment helped to stabilize the forex market, it resulted in increased funding costs and squeezed consumer purchasing power, directly affecting MTN’s business activity and the broader telecommunications market.

In an attempt to break even, MTN and other telcos have been pushing for regulatory approval from the Nigerian Communications Commission (NCC) to review and increase tariffs on calls and data, which could allow the company to offset some of the cost impacts from the naira’s devaluation and inflation. However, the NCC has so far denied requests for a tariff review, citing Nigeria’s difficult economic conditions as a key factor in its decision. The regulator’s stance is rooted in a concern for consumer welfare amid rising prices in nearly all sectors, leaving telecom companies like MTN to navigate these cost burdens without passing them onto the customer base.

To address short-term liquidity needs and manage the operational costs posed by currency depreciation, MTN Nigeria has announced plans to issue a new series of commercial papers (CP). The company aims to raise N50 billion under its N250 billion Commercial Paper Issuance Programme, as detailed in its notification to the Nigerian Exchange Limited and the public. This move is intended to bolster MTN Nigeria’s short-term working capital while diversifying its financing base, allowing the company to tap into the debt market as a more flexible source of funding to meet immediate financial obligations.

The naira’s depreciation has notably affected MTN’s ability to maintain its previous dividend levels for shareholders. In 2023, the company recorded a net foreign exchange loss of N740.4 billion, a staggering 805% rise from 2022, when forex losses stood at N81.8 billion. This sharp increase in foreign exchange losses was compounded by the CBN’s decision in June 2023 to end its multiple exchange rate policy, floating the naira. This move saw the exchange rate surge from N461.1 per dollar in December 2022 to N907.1 per dollar by December 2023, a change that placed immense pressure on MTN and other foreign revenue-dependent entities.

Looking forward, MTN Nigeria is expected to continue navigating these economic and regulatory headwinds, focusing on strategies to improve operational efficiency and streamline costs. Toriola reiterated the company’s commitment to expanding its commercial operations while addressing inflationary impacts on consumers’ spending power.