DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 3291

Minimum Wage in Nigeria was $2,491 in 1981, today, it is $37

0

As of January 1, 1981, the federal minimum wage in the United States was $3.35 per hour.  In other words, the monthly wage was $536 using the typical 40 hours per week. In Nigeria then, using the 1981 exchange rate since the Naira was stronger than the US dollar, it was $2,491.35 (see Punch data below). Say this way, the minimum wage in Nigeria in 1981 was $2,491.35!

This is the singular reason why most of your professors who studied abroad in the late 1970s and early 1980s returned back to Nigeria; Nigeria paid better and there was no reason for wasting time in the United States.

You could fly from Lagos to watch Liverpool in the UK, and right at Heathrow airport coming back, you could decide to visit New York for the Yankees. With the Nigerian passport, you could walk to the counter and they would put a US visa on that passport. Just like that, it was a journey to New York. The Nigerian passport was powerful.

Good People, that monthly $2,491.35 is now $36.49 (constant currency, not adjusted for inflation, etc on the US dollars). If you adjust for what has happened to the US dollars over this time, it may be worth less than $7 per month, effectively! 

Nigeria needs an x-factor because we’re fading, and one way is to create CAPITAL so that growth can come.

Comment on Feed

I left this comment on LinkedIn on a possible correlation that the 1980s oil boom was the reason this happened.

We still have an oil boom. lol.  Dont’s we? In the 1980s, we pumped about 400,000 bpd at about $36 per barrel. Today, we do close to 1.2m bpd at close to $80 per barrel. So, I do not think it is all about oil. Then, things used to be made in Nigeria. Today, we have financialized Nigeria as banking rose and manufacturing faded. In the 1980s, the known entrepreneurs at Kano, Aba, Abeokuta, etc made things. Today, they have apps for transferring money.

Nigeria’s problem is not oil, our problem is that post 1987 SAP, our economy was reconfigured with finance houses, etc and people found out that you could invest N1,000 and wait for 20% return without doing anything. With that, everyone joined the club: we moved funds into finance houses and banks, and starved the manufacturing sector.

The Untapped Wealth of Nations, and How Nigeria Remains A Nation of Money Instead of Capital

BlastUP Presale Hits $7M; Final Days to Buy $BLP

0

BlastUP, the premier launchpad on Blast, has confirmed its robust utility by successfully launching its first IDOs. As its presale nears completion, it continues to garner significant attention from crypto enthusiasts. The amount of funds raised so far is approaching 7 million, and BlastUP already boasts a large and passionate community of supporters.

Early Triumphs Fuel BlastUP’s Presale Surge Toward $7 Million

BlastUP, currently in its presale phase, has already demonstrated its practical value by successfully launching two IDOs. The first one, CYBRO, garnered $140,000 during its private sale round. Following closely, Petobots completed its private sale through BlastUP in just a couple of days, raising $75,000. Living up to its motto, “Grow faster, earn more”, BlastUP has effectively translated its promise into tangible results. This steadfast approach and dedication to its commitments have positioned BlastUP as a central hub for over 15,000 crypto enthusiasts who have invested in this distinctive launchpad platform.

Continuing to capture attention, BlastUP’s presale success is nearing a pivotal milestone with nearly $7 million raised so far. Only a few days remain until the presale concludes, but there is still an opportunity to buy $BLP before it soars.

Hurry to Join BlastUP Presale Before It Ends

Multiple Benefits for Early Buyers of $BLP Tokens

BLP, the native token of BlastUP, plays a vital role within its ecosystem, enhancing user involvement. The token allows holders to participate in IDOs and earn interest through seed staking, alongside receiving exclusive loyalty rewards. Holders also benefit from allocations of token sales from projects launched on BlastUP.

Why buy BLP tokens?

  • Access to Airdrops
  • Staking rewards up to 12% APR
  • Priority access to tiered IDO launches on BlastUP with exclusive loyalty rewards

The limited supply of BLP tokens ensures scarcity, potentially increasing their value as BlastUP expands. The ongoing presale of BLP tokens highlights their potential as a smart investment. Market analysts suggest that while $BLP’s fair price could be as high as $10, it is currently available for under 10 cents — a promising prospect for ROI up to 1000%. 

Buy $BLP Tokens Now for Maximum Returns

Widespread Recognition and Ironclad Security at BlastUP

BlastUP is rapidly gaining traction as a dynamic launchpad for crypto startups on the Blast blockchain, ranking in the top 10 by total value locked. Within the Blast thriving ecosystem, BlastUP plays a vital role in promoting growth and visibility for emerging projects. In just a short time, BlastUP has built a strong reputation with a large following on X, Telegram, and Discord.

At BlastUP, the focus on security and transparency is fundamental, reflecting the platform’s unwavering commitment to user confidence and peace of mind. BlastUP has achieved robust validation of its security protocols, having successfully completed stringent compliance checks by top-tier audit firms CertiK and Assure Defi, enhancing its credibility in the process.

BlastUP’s dedication to maintaining a secure environment is further highlighted by an impressive security rating of 87 out of 100 from CertiK. This notable score ranks BlastUP 12th on the Pre-Launch Security Leaderboard, underscoring its effective and robust security measures.

Innovating Startup Launches with AI and Web3

BlastUP is set to transform how startups launch within its network through the integration of cutting-edge AI and Web3 technologies. The 2026 strategic roadmap unveils ambitious initiatives such as an AI-powered IDO screener and AI tools designed specifically for startup teams. These developments underscore BlastUP’s commitment to enhancing its ecosystem and affirming its position as a leader in blockchain innovation. With these tools, BlastUP aims to equip startups with state-of-the-art resources, streamlining their launch processes and boosting their effectiveness.

Conclusion

BlastUP is rapidly emerging as a transformative player in the cryptocurrency launchpad arena. By harnessing the power of AI and Web3 technologies, combined with a strong commitment to security and community engagement, BlastUP provides an unmatched platform for crypto startups. The ongoing presale of $BLP tokens offers a unique chance to join this promising project. As the presale nears its conclusion, savvy investors should hurry to seize this opportunity to buy $BLP tokens at the best price, thus securing their share in BlastUP’s future achievements.

 

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Hot New Meme Coins Raboo, Dogwifhat, and Book of Meme Perform Strong in Bullish Market

0

As the upcoming Bull Market ushers in a frenzy for hot new meme coins, Raboo, Dogwifhat, and Book of Meme stand out as pivotal players driving unprecedented interest. Raboo, with its cutting-edge AI integration, is leading the charge, offering investors and enthusiasts alike a unique blend of technology and humor. This surge in popularity not only elevates the profile of these innovative projects but also signals a vibrant era of growth and creativity within the crypto space, spotlighting Raboo as the foremost investment amidst this Bull Market enthusiasm.

Raboo ($RABT): Leading the AI Meme Revolution in the Crypto Sphere

Raboo ($RABT) emerges as one of the hot new meme coins for the coming Bull Market by seamlessly blending meme culture’s infectious nature with advanced artificial intelligence, starting at a presale price of $0.003. This avant-garde project launches an AI-powered platform for meme generation, heralding a new era of creativity and interaction within the digital landscape.

Raboo aims to cultivate a vibrant, engaged community with its innovative NFT marketplace and rewarding staking mechanisms. Raboo’s commitment to revolutionizing the meme sector by leveraging content engagement, offering real-world value, and fostering a participatory culture positions it as a significant player in the crypto movement, poised to redefine the meme sector with a blend of fun and technology, offering tangible rewards and value.

Dogwifhat (WIF): A Viral Sensation in the Meme Coin Space

Dogwifhat, branded by its distinctive Shiba Inu in a pink hat, surged into the meme coin realm on Solana with undeniable charm. Dogwifhat’s simplicity and community-driven value, without the trappings of utility or complex tokenomics, catapulted Dogwifhat to a staggering market cap of US$2.9B. This meme coin thrives on its enthusiastic community, echoing the hot new meme coins’ essence of viral appeal and collective engagement.

Yet, the very factors driving Dogwifhat’s astronomical rise—community speculation and a straightforward meme identity—pose questions about its long-term viability and WIFs intrinsic value beyond the hype.

Book of Meme (BOME): Innovating the Meme Coin Genre

Book of Meme (BOME) is one of the hot new meme coins with a novel approach within the meme coin ecosystem, blending humor with tangible utility through a platform that transcends simple token trading. Leveraging the Solana blockchain, BOME introduces a governance token generated by staking NFTs, offering a dual utility in governance and cryptocurrency swapping. This initiative signifies a strategic pivot towards integrating meme culture with Web3 functionalities.

However, BOME’s journey is not without challenges. Balancing the whimsical nature of hot new meme coins with practical utility and sustaining a vibrant community amidst a fluctuating crypto market will be pivotal for its enduring success and relevance.

Raboo Triumphs as the Hot New Meme Coin in the Bull Market

In the whirlwind of the upcoming Bull Market, Raboo distinguishes itself as the premier choice among hot new meme coins, showcasing unparalleled growth and community engagement. With Dogwifhat and Book of Meme carving their niches, Raboo’s innovative use of AI for meme creation sets a new standard. As investors navigate the Bull Market’s opportunities, Raboo emerges as the definitive investment, spearheading a future where technology meets meme culture, promising not just excitement but substantial returns.

 

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

BlockDAG’s Advanced Dashboard Spurs Over $32.8M in Sales, Outpacing Dogecoin Price and Lido DAO

0

The Dogecoin community is energised as the popular meme coin demonstrates a promising uptrend, deftly overcoming resistance levels. At the same time, Lido DAO has quickly resolved a recent security breach, bolstering its reputation for reliability without interrupting its services. Amidst these developments, BlockDAG stands out as an exceptional option for cryptocurrency enthusiasts.

Its latest dashboard enhances the user experience by streamlining transaction management and introducing features that support real-time tracking, competitive analysis, and efficient mining with a crypto profitability calculator. This update significantly improves the transparency and rewards of interacting with cryptocurrencies.

Lido DAO News: Facing a Breach, What Happened?

In a recent Lido DAO news, they managed a security issue with Numic, their Node Operator on Ethereum, without any interruption to validator activities or financial impacts. The issue, identified on May 14th, involved a breach on a developer’s computer, sparking concerns about the security of encrypted validator keys.

Numic quickly deactivated all keys that could be deposited and secured those that might have been compromised, preventing unauthorised transactions. Additionally, Lido DAO has seen a resurgence in investor trust, as shown by a sharp rise in the price of the LDO token to $2.40 after the incident.

Dogecoin Price Targets Key Resistance

The Dogecoin Price has rebounded from the $0.120 support, breaking the bearish trend line at $0.1450. It’s now stable above $0.150 and the 50-day simple moving average, aiming for resistance at $0.1750 and perhaps even $0.1880 if momentum holds.

Further increases could see the Dogecoin Price test the $0.200 mark, to reach $0.2280. However, any decline could see it retreating to support levels at $0.1620 and $0.1450. Investors are observing these movements, avoiding speculation on future price actions.

BlockDAG Updated Dashboard: Track, Compete, and Mine

BlockDAG’s new dashboard is a game changer for cryptocurrency users seeking detailed insights into their transaction history. It provides a clear view of all transactions made in cryptocurrencies such as Ethereum, BTC, and USDT, allowing users to manage their investments more effectively. This transparency is critical for users who need to track their financial activities and plan future transactions.

The dashboard also includes a leaderboard feature, which displays the top 30 users by purchase volume. This competitive aspect lets users gauge their standing and see how much more they need to spend to improve their rank. Additional features like referral bonuses and live transaction updates enhance user engagement and satisfaction with the platform.

Additionally, the updated dashboard includes a comprehensive cryptocurrency profitability calculator. Users can easily calculate their potential profits by entering the number of BDAG coins they possess. The tool provides real-time profit estimates based on different price targets. Additionally, its mining profit calculator can evaluate the returns from mining activities.

BlockDAG is not just about transaction management; it also excels in crypto mining. The X100 miner, with its impressive 2 TH/s hash rate and energy-efficient 1800W power consumption, is designed for those who seek high-yield mining. The miner can operate within a temperature range of 10-35°C and features Ethernet connectivity, ensuring it performs optimally in various settings. It can yield up to 2,000 BDAG daily, offering miners substantial profitability.

These improvements have significantly boosted BlockDAG’s presale, which has seen a notable increase in value, attracting more investors looking for high returns. The presale price has now reached $0.009, up from just $0.001. Raising over 32.8 Million to date shows strong investor confidence in BlockDAG. Additionally, the sale of over 6,206 miners indicates a growing interest in BlockDAG’s mining technology.

Summing Up!

Where Dogecoin and Lido DAO are making significant strides in crypto, BlockDAG stands out with its new, user-friendly dashboard. This update enhances how users manage transactions and assess profitability with advanced tools like the crypto profitability calculator. BlockDAG’s combination of innovative technology and a high potential for returns makes it an attractive option for anyone interested in the future of cryptocurrency.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

 

BlockDAG’s $32.7M Presale and Keynote Triumph; Ethereum Price Looks Bullish While NEAR Stabilises

0

The Ethereum price is closely watched as the SEC approves the ETH ETF. Meanwhile, the NEAR Protocol market cap showcases resilience amidst varying market dynamics. In this context, BlockDAG emerges with extraordinary vigor, following a $32.7 million presale highlighted by a successful keynote. With mining sales surpassing $2.7 million and over 6,000 units of efficient rigs sold, BlockDAG not only captivates the market but also sets a new standard in mining innovation, positioning itself among the top 10 altcoins.

Spot Ethereum ETF Approval Could Propel ETH to New Highs, Says Bitwise CIO

Bitwise’s Chief Investment Officer, Matt Hougan, predicts that Ethereum (ETH) could hit new record highs if spot Ethereum ETFs are approved. The U.S. Securities and Exchange Commission (SEC) recently set the stage for potential approval, which Hougan believes could attract billions in investor inflows. He estimates that while Ethereum ETFs may not match the $12 billion Bitcoin ETFs garnered in their first four months, they could achieve substantial investments, potentially driving ETH beyond its all-time high of $4,900 from November 2021.

Hougan also foresees the launch of ETFs encompassing multiple digital assets, anticipating a diversified market where 30% are Bitcoin-only, 50% a mix, and 20% ETH-only. He emphasizes that such diversity would make the crypto market more robust and appealing to investors seeking high returns. Ethereum is trading at $3,736, slightly down in the last 24 hours.

NEAR Protocol’s Position Amidst Market Movements

Unexpected market dynamics have shifted focus to the NEAR Protocol market cap, which shows resilience despite broader sector uncertainties. As traders navigate these fluctuations, the NEAR Protocol market cap remains a key indicator of stability and potential growth within the ecosystem, highlighting its underlying strengths without prompting immediate investment actions.

Further analysis indicates that the NEAR Protocol market cap could experience significant shifts based on forthcoming industry developments. Observers are watching closely, as any major changes could redefine the landscape for NEAR, influencing perceptions and strategies surrounding this blockchain technology. This analytical approach continues to provide a clearer picture of its market position.

BlockDAG: Revolutionising Crypto with Stellar Growth and Mining Innovations

Since the beginning of 2024, BlockDAG has captured the global investment community’s attention with its remarkable achievements. Its recent keynote release not only showcased BlockDAG’s dynamic presence worldwide but also highlighted its dominance in the crypto market. The surge in its presale to $32.7 million has sparked curiosity among tech giants and analysts, who are now closely monitoring its progress and predicting significant growth.

The widespread investor endorsement following the viral keynote video illustrates the growing trust in BlockDAG’s potential. This detailed presentation effectively communicates what investors can expect from BlockDAG in the coming years, further solidifying its market position. The projected price surge to $20 by 2027 is a testament to its anticipated impact and success.

In addition to its remarkable presale achievements, BlockDAG is making substantial strides in the mining industry. It offers a diverse range of mining rigs that are not only powerful but also energy-efficient, standing out among other crypto projects. Its mining sales have impressively crossed $2.7 million with over 6,000 units sold, highlighting its leadership in mining technology.

For those new to mining, BlockDAG’s X10 mining rig is an excellent starting point. Compact yet powerful, the X10 fits seamlessly into any home setup and is capable of mining up to 200 BDAG daily. This makes BlockDAG an ideal choice for traders and miners aiming to expand their wealth in the exciting world of cryptocurrencies rapidly.

Why BlockDAG Outshines in the Crypto Landscape

As the Ethereum price and NEAR Protocol market cap navigate through market fluctuations and regulatory landscapes, BlockDAG presents a compelling case for potential investors. With its $32.7 million presale and innovative mining solutions, BlockDAG not only enters the top 10 altcoins but also demonstrates superior potential compared to its peers. Now is the pivotal moment to consider BlockDAG, as its current presale stage offers a unique opportunity for those looking to diversify into promising crypto assets.

 

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu