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L2s Polygon and Arbitrum Show Bullish Indicators While DTX Exchange Soar Past $1M in Presale

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It is another week of Bitcoin (BTC) holding strong above $65,000 and the goal remains the same: a new peak. Ethereum (ETH), the leading altcoin, also trades around $3,500, buoyed by the excitement around the launch of ETFs. Showing bullish indicators and aiming to ride this bullish wave are Layer-2 tokens: Polygon (MATIC) and Arbitrum (ARB).

At the same time, DTX Exchange (DTX), a new player that aims to breach the gap between TradFi and DeFi, is quickly becoming an investor favorite. It recently soared past $1 million in presale, hinting at optimism and confidence in its potential.

DTX Exchange (DTX): A New Favorite Ahead of Arbitrum and Polygon?

DTX Exchange (DTX) is an innovative project aiming to bridge the distance between traditional and decentralized finance. Traders will no longer be limited to traditional asset classes, as it intends to open up a world of opportunities to diversify portfolios.

Its vision is to create an inclusive, secure and technologically advanced financial ecosystem. This includes a diverse range of assets: equities, foreign exchange (FX), contract-for-differences (CFDs) and cryptocurrencies. Some of its many perks will include up to 1000x leverage, access to over 120,000 assets and no KYC requirement.

With adoption all but imminent, it is a new player to watch out for in the 10-billion-dollar global trading market. The ongoing presale has become a new favorite as a result, with a staggering $1.1 million raised in the second round. Meanwhile, the token is competitively priced at $0.04, which experts project will experience a 50x jump in value post-launch.

Polygon (MATIC): Collaboration WIth Irreducible

Polygon MATIC is one of the popular Layer-2s in the crypto space, providing much-needed scaling solutions for developers and projects. While it had a remarkable first quarter—recording an annual high of $1.2—it has since retested $0.5. Nevertheless, the team continues to build, with holders more bullish than ever, especially with clear bullish indicators like the launch of ETH ETFs.

In the latest development, ZK researchers at Polygon Labs and Irreducible are building a Binius-based ZK virtual machine for the AggLayer—an interoperability platform that provides cryptographic safety for shared pools of assets among chains. This product is expected to be ready for testing at the end of the year.

The above highlights the growing dominance of the Polygon Network in the L2 space. It also places it on the list of the best altcoins to invest in, despite its months-long decline. With a comeback brewing, investors have been scooping up MATIC in their Polygon Wallet.

Arbitrum (ARB): Gearing Up to Surpass $1

Arbitrum (ARB) is another Ethereum Layer-two scaling solution. It takes a unique approach by employing optimistic rollups to improve speed, scalability and cost-efficiency. Similarly, it is primed to skyrocket as ETH ETFs go live, with growing whale activity also signaling a rally.

Given its high throughput and cheap transaction fees, it is no surprise that the Arbitrum Bridge is one of the most frequented destinations. This paints a bullish picture, making ARB one of the best altcoins to invest in.

As such, investors have been buying the dip and stacking up their Arbitrum wallets ahead of what might be a big jump. Analysts predict a rally past $1 before the end of August. If nothing else, it is a token to keep on the radar.

Conclusion

Polygon continues to make waves in the layer-2 ecosystem, evident in its ongoing collaboration with Irreducible. Meanwhile, Arbitrum gathers steam for a rally past $1 amid ETH ETF buzz and rising whale interest. Also basking in the spotlight is DTX, a novel project at the intersection of TradFi and DeFi, recently soaring past $1 million in presale.

Visit the official DTX Exchange (DTX) website for the latest updates and information.

 

Waiting for Nigerians to Sue Netflix As We Do Against MultiChoice (DStv, GOtv) whenever Prices are Increased

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I have scanned the Twitter space to know if anyone is going to sue or block Netflix’s recent price increases in Nigeria. Yes, this week, Netflix increased its prices by about 40% in Nigeria:

 ” With the latest price update, Nigerians will now be paying N7,000 per month for Netflix’s Premium Plan, which has seen a 40% increase from its previous rate of N5,000 per month. The standard plan subscription increased from N4,000 to N5,500 representing a 37.5% increment, which is popular among Nigerian subscribers for its HD quality and multi-screen viewing options,…The latest price increment makes it the second price adjustment by the platform within the space of three months in Nigeria, having implemented a price increment earlier in April this year.”

You know what? Nobody has gone to court to block this increase in Nigeria. And even the price regulator did not put out a word condemning this increase. But if this is coming from an African company named MultiChoice which owns DStv, GOtv, etc, the court would have ruled by now.

I do not live in Nigeria to know what they show on DStv and I have no time for Netflix; my only concern is that Nigeria may not be fair to some South African brands in our nation. Yes, we treat them differently, and that must change. They do what others do as they adjust for inflation, currency deterioration, etc, but we only go after them. 

Join Tekedia Capital OPEN Tomorrow As We Discuss What We Fund in Nigeria, Africa

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In our over 100 companies, Tekedia Capital has institutionalized opportunities and lucks in communities through entrepreneurial capitalism. We just finished investing in 10 companies, including Lumona (USA), Dime (USA), Cybervergent (Nigeria), Binta (Canada), VaultPay (Congo DRC), MeekFi (Cotonou’s Benin Rep), Fintellia (Nigeria), etc. We are recruiting a new class…

For the Nigeria and Africa nexus, we will discuss tomorrow what we’re looking for; join us FREE.

Topic: Business Opportunities and Growth Vectors in Nigeria, Africa

Date: Saturday, July 27, 2024

Time: 4-6pm WAT

Speaker: Ndubuisi Ekekwe, Tekedia Capital

Venue: Zoom link here 

If you want to learn more about Tekedia Capital, email Community Care team here.

Could These 3 Bargain Cryptos Boost Your Portfolio in 2024: DOGE, RABT, and ONDO

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Dogecoin (DOGE), Raboo ($RABT), and Ondo Finance (ONDO) are three projects currently attracting significant investments, with analysts predicting each could yield substantial returns in the coming months.

However, many experts favor Raboo, a new top meme coin, over DOGE and ONDO. Currently in Stage 4 of its presale, Raboo ($RABT) is predicted to grow 10,000x before the year ends, offering investors extraordinary profits. This presale token has already raised $2 million, indicating strong investor interest.

Doge: Meme coin king primed for profits in Q3?

Dogecoin is receiving some attention right now as analysts ponder on whether it could be a profitable investment as the bull run goes full throttle in Q3.

Dogecoin has maintained a steady outlook for some time now. The DOGE price has gained only 3.2% in the last week, and down 4.4% over the last month. With very little and relatively inconsequential price movements, there’s a lot to hope for in the Dogecoin camp.

However, with optimism gradually building up in the crypto market, if the bulls maintain their momentum the DOGE price might record some major surges in Q3. But who knows?

ONDO Finance: RWA-focused project could see big gains this summer

RWA (Real World Assets) tokenization is a relatively new concept appealing to top institutional and individual investors. ONDO is a project at the forefront of RWA tokenization, bridging the gap between traditional finance and decentralized finance.

Analysts predict ONDO could reach $2, with its price almost 500% up since its launch in January. The coin’s annual chart shows bullish signs, such as a smooth uptrend and undersold RSI, indicating potential gains for ONDO investors.

As interest in RWA tokenization grows, Ondo Finance could deliver at least a 250% return before summer ends.

Raboo: Top meme coin rapidly attracting investors, predicted to explode soon

Raboo is currently one of the most talked-about meme coins in the market. The AI meme coin is attracting investors from within and outside the crypto space, and analysts believe it will be one of the breakout projects to lookout for this year. But what makes Raboo unique?

Raboo aims to uphold meme culture by cultivating a community of true meme enthusiasts. This community will enable members to connect, share memes, and serve as a resource for newcomers to learn about meme coins.

Another feature making Raboo appealing to investors is its integration of AI and blockchain technology. By combining these technologies, including a tool called Rabooscan, Raboo distinguishes itself as a pioneer in AI-blockchain fusion.

Additionally, Raboo will have a total supply of 1.8 billion tokens, significantly less than DOGE’s. Savvy investors know that cryptos with a lower supply tend to be more profitable, as small price changes can lead to substantial gains. Raboo is currently the leading meme coin, with no signs of slowing down.

$RABT presale: Special offer

Raboo is making headlines as one of the most promising presale tokens, attracting investments from DOGE and ONDO investors. No investor wants to miss out on an opportunity to boost their portfolio, and Raboo offers the perfect chance to do so.

Initially sold at $0.003 per token in Stage 1,However, Raboo has risen to $0.0048 and now in Stage 4 of its presale and will continue to rise as its presale surfs through its presale stages. The project is currently offering a flash sale period, doubling your buy bonus from 10% to 20%.

There’s no excuse for missing your chance to get in on Stage 4 of the presale. Buy Raboo today and start enjoying hefty returns!

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

Google YouTube, Facebook, Instagram Could De-monetize Nigeria Due to Tax Issues

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The United States invents. China scales. And the European Union regulates. Hello, Nigeria extends that…yes, Nigeria wants to collect.  How? Osun and Delta States have fined Google and Facebook’s parent company (Meta) $150 million and $200 million, respectively, for allegedly failing to remit withholding taxes (WHT) on payments to content creators and makers.

Recall that Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) recently imposed a $220 million penalty on Meta on allegations of discriminatory practices and the misuse of Nigerian consumers’ data.

You may wonder why the two states are going for the digits. It is simple: these content creators are paid in US dollars, and that means the WHT could also be paid in USD. This is a very serious matter, more serious than the Twitter battle, since people actually make a REAL LIVING on Facebook, Instagram and Google’s YouTube.

If Nigeria gives these companies heat, they may pause monetization in Nigeria while they fix whatever issues they have with the government. That said, if the rule book is written with WHT in this context, these companies should negotiate and pay!

In a move that marks a shift in Nigeria’s approach to regulatory and antitrust issues, the tax authorities of Osun and Delta states have imposed hefty fines on Google Nigeria and Meta Platforms Inc.

The tech giants have been fined $150 million and $200 million, respectively, for allegedly failing to remit withholding taxes (WHT) on payments to content creators and entertainers in these states from 2020 to the present.

This development comes on the heels of another major regulatory action by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC), which recently imposed a $220 million penalty on Meta Platforms Incorporated. The FCCPC’s penalty was based on allegations of discriminatory practices and the misuse of Nigerian consumers’ data, highlighting an increasing focus on antitrust and consumer protection issues in the country.