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Crypto Star Meme Moguls Announces Presale End Date, Can It Rival PepeFork Upon Listing?

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Meme Moguls has become one of the most talked about presales over the last month. Its native token, $MGLS, has soared by 90% during its presale, with over $2.5 million raised. Now, with its presale set to end on February 28, crypto experts are speculating whether or not Meme Moguls can rival PepeFork upon listing. With some experts predicting 35x returns, investors are excited about the meme coin’s potential.

PepeFork Surges 467% In February

PepeFork is a new spinoff of Pepe. Launched at the end of January 2024, the meme coin hit an all-time high of $0.0000005122 on February 2. Since this surge, PepeFork’s price has declined by 45%, and its overall trading activity crashed just weeks after its initial increase. However, PepeFork is now bouncing back.

According to CoinMarketCap data, PepeFork’s value increased by 464% in February, outperforming most meme coins, including Pepe. This dramatic rally has caused PepeFork’s daily trading volume to increase to $10.13 million as thousands of investors look to capitalize on the meme coins’ potential growth.

That being said, PepeFork still has a long way to go to compete with the market’s top meme coins. The project is ranked number 363 in daily trading volume and remains outside the top 250 ranked cryptocurrencies by market cap, with a market cap of $168 million.

While PepeFork has offered strong returns, the project lacks real utility and applications. As a fork in a meme coin, PepeFork is completely reliant on market trends. If the market enters another bear run, PepeFork could risk falling out of virtue and thus becoming another failed meme coin.

Can Meme Moguls Outperform PepeFork?

Meme Moguls is a great contender to become the next big project in the meme coin market. Unlike other meme coins, Meme Moguls offers fantastic utility and a thriving ecosystem and empowers its audience by teaching them how to build wealth.

During its presale, Meme Moguls’ utility token, $MGLS, experienced returns of 90%. However, according to experts, this could be the tip of the iceberg. Following its listing on Uniswap next week, experts predict that $MGLS tokens could follow up its current growth with a 35x surge. By the end of 2024, price estimates suggest that $MGLS could pass $0.19.

The main feature of Meme Moguls is its virtual meme-based stock market. This stock market combines memes and investing to create a unique gameplay experience. Here, investors can build virtual portfolios, trade assets, compete in tournaments, and network with other players in a bustling ecosystem.

This ecosystem will be showcased via a game preview before Meme Moguls is listed. On March 11, Meme Moguls will start phase 1 of its game launch. This event is not only expected to further drive up the price of $MGLS tokens but is also expected to attract thousands of new investors to the Meme Moguls ecosystem.

With tokens currently selling at just $0.0036, now is the perfect time for investors to get involved. Those who purchase now will still be able to win presale rewards, and they will also be able to maximize their returns before this exciting new meme coin soars.

For more information about the Meme Moguls (MGLS) Presale:

 

Visit Meme Moguls | Join the Community

Binance Coin (BNB) and Cronos (CRO) Killer Pullix (PLX) Wows Investors With First Glimpses Of Hybrid Exchange

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In a market dominated by centralized giants like Binance Coin (BNB) and Cronos (CRO), Pullix (PLX) is introducing a hybrid approach that could be its killer advantage. Pullix is in the final stages of a presale event that has already raised over $7 million from investors. Let’s take a closer look at the new exchange and what it has to offer.

Pullix (PLX)’s Hybrid Model Explained

Pullix (PLX) is redefining cryptocurrency trading with its innovative hybrid platform that blends the best features of both centralized and decentralized exchanges to address the industry’s most pressing challenges.

Pullix promises a trading environment where the liquidity and ease of centralized platforms meet decentralized models’ enhanced security and autonomy. Finally, traders get the best of both worlds in one unified platform.

In stark contrast to platforms like Binance that require KYC verification, Pullix offers privacy-focused trading, allowing users to trade anonymously with just an email address, catering to those prioritizing privacy.

The concept of an all-in-one platform is taken a step further by including multiple asset classes. While Binance Coin and Cronos offer cryptocurrency trading, Pullix offers stocks, commodities, ETFs, forex markets, and more. Such a diverse offering gives traders more options and opportunities to diversify their portfolios.

It gets even better when you realize a valid email address and crypto deposit is all it takes to trade on these markets. There’s no need to open multiple accounts or go through the hassle of KYC verification whenever you want to enter a new market.

Through strategic partnerships and incentivizing liquidity provision, Pullix ensures that traders experience high liquidity across all pairs, significantly reducing slippage and improving the trading experience. This means those used to centralized exchanges’ speed and liquidity will not be disappointed with Pullix’s performance.

The PLX Token and Presale Opportunity

The PLX token is central to Pullix’s vision, offering benefits like reduced fees, staking rewards, and governance participation. Its standout feature is the revenue-sharing program, where holders of the PLX token are rewarded with a share of the platform’s profits. The team will burn PLX tokens regularly to maintain a healthy supply and demand balance.

With a remarkable 250% price rise and more than $7m raised in the ongoing presale, the PLX token has been in high demand. This is hardly surprising considering the attractive tokenomics and benefits it offers to holders.

The current price of $0.14 represents the final price point before the platform officially launches and price discovery begins. Analysts predict that PLX could surge by 100x should the buzz carry over from the presale.

Binance Coin (BNB): Rapid Growth to Regulatory Challenges

Binance is a centralized exchange with a daily trading volume of over $18B across 1492 markets. Such a massive market share has propelled its native token, Binance Coin (BNB), to the top 4 on the cryptocurrency rankings.

Binance’s valuation rose above $100B in 2020/21 as the bull run brought market-wide attention to the platform. Retail traders appreciated how easy Binance was to use and appreciated the Binance CEO’s Twitter presence, which became a crucial marketing outlet.

However, the last few years have not been without their challenges for Binance and its token. The exchange skipped compliance procedures to get to where it is now, and this caught up with it when regulatory bodies like the DoJ and CFTC began investigations against it.

This negative news has been reflected on the Binance chart, with the token falling from the $690 peak in 2021 to just $200 in late 2023. The resurgence to $355 today shows some resilience and a strong desire to bounce back.

Markets analysts agree that Binance needs to win back investors’ trust to reach the coveted $1,000 mark. The competition from Pullix is another factor that Binance has to contend with. With a hybrid model combining DeFi and CeFi services, Pullix offers a more decentralized approach to trading, which Binance has been criticized for lacking.

Cronos (CRO): The $0.10 Resistance Line

Cronos is another native token powering a centralized exchange, Crypto.com. The platform is known for its debit card services that enable users to spend their crypto assets in the real world.

Just like Binance, Cronos was hugely successful during the 2020/21 market as speculations spread that Cronos would become the go-to debit card for crypto transactions. The token peaked at an all-time high of $0.96 in May 2021 but has since suffered a significant pullback to just $0.09 today.

Such a large downturn can be attributed to the negative news surrounding removing benefits for Cronos card holders who locked their CRO tokens. This decision caused an uproar in the community, with many feeling betrayed by the Crypto.com team.

The Cronos chart shows that $0.10 is the line in the sand that must be crossed if CRO is to reclaim its glory days. A sharp move to $0.20 would be expected should the $0.10 resistance break, but further growth will depend on how Crypto.com battles for market share.

There is a good chance that Cronos can overtake Binance as the leading centralized exchange. However, keeping up with Pullix will require vast innovation that hasn’t been apparent to Cronos investors over the past two years.

For more information regarding Pullix’s presale see links below:

Visit Pullix

Join The Pullix Communities

Nigeria’s Suspension of Liquefied Petroleum Gas (LPG) Exports is Good Policy

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Good policy and it is commendable: “The Federal Government of Nigeria has taken decisive action to address the mounting challenges faced by consumers grappling with soaring cooking gas prices…the government revealed its immediate suspension of Liquefied Petroleum Gas (LPG) exports.”

This shows that even though we need US dollars, we as a people must exist first. Recall that many companies and homes are shifting to gas as prices of diesel and petrol move against gravity, triggering increases in the price of cooking gas. By this decision,  the price of cooking gas is expected to come down, even though the government may lose revenue (essentially, this is an energy subsidy when you look at the big picture as without the removal of subsidies on petrol, this would not have been necessary).

In Ugwunta Ovim, if you are hungry, go to Agbongele. Anything you see there, pluck and eat, but never take anything home or resell. The village put that ordinance to ensure there is a mechanism in place to ensure people do not go hungry. And to sustain it, people go and plant things in Agbongele, despite the knowledge that there is no personal economic benefit.

Indeed, life is not about money or piling US dollars; Nigeria has demonstrated the spirit evident in Agbongele. #salute

Nigerian Government Suspends LPG Exports to Tackle Soaring Cooking Gas Prices

DO Kwon TerraForm’s founder to be Extradited to the United States

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Terraform Labs co-founder Do Kwon has been in custody in Montenegro since his arrest in March 2023. Both South Korea and the United States have requested his extradition.

Recently, the High Court of Podgorica in Montenegro ruled that Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea.

This decision followed an appeal by Kwon’s legal team, arguing that Montenegro’s Justice Minister had the final authority to decide on the Terraform co-founder’s extradition—a claim the high court rejected.

Kwon, known as “the cryptocurrency king,” was charged with fraud by federal prosecutors in New York. South Korean prosecutors have also sought his extradition. He was arrested at Montenegro’s Podgorica Airport on March 23 last year while trying to depart for Dubai using fake Costa Rican passports.

Kwon and five others connected to Terraform were wanted because of allegations of fraud and financial crimes related to the implosion of its digital currencies in May 2022.

Kwon will now be able to stand prosecution for the alleged financial crimes connected to the collapse of the Terra ecosystem as a result of his extradition to the US. He might have to serve an extended prison term and pay fines if found guilty. It also begs more concerns regarding Terraform Labs’s future and the potential for legal action against other project participants.

TerraUSD, designed as a “stablecoin,” saw around $40 billion in market value erased from its holders after it plunged far below its $1 peg. Despite initially winning an appeal against extradition, the High Court of Podgorica later reversed that decision and ordered Kwon’s extradition to the United States. His current prison sentence in Montenegro is for using a fake passport.

Satoshi Nakamoto has left behind a legacy that changed the world of finance and technology.

Satoshi Nakamoto is the pseudonym of the mysterious creator of Bitcoin, the first and most popular cryptocurrency. Bitcoin was launched in 2009, after Nakamoto published a white paper describing the protocol and the vision behind it.

Nakamoto’s identity remains unknown, but his or her legacy is undeniable. Bitcoin has revolutionized the way people transact value online, without intermediaries or central authorities. It has also inspired thousands of other cryptocurrencies and blockchain projects, some of which aim to improve or challenge Bitcoin’s dominance.

Nakamoto’s innovation has opened up new possibilities for finance and technology, as well as social and political implications. In this blog post, we will explore some of the aspects of Nakamoto’s legacy and how they have shaped the world we live in today.

While many associate Bitcoin with Satoshi Nakamoto’s white paper published in 2008, there’s a vibrant pre-history that shaped its inception. This techno-social phenomenon was decades in the making, influenced by various currents.

Bitcoin’s initial support base consisted mainly of tech-savvy individuals, libertarians, and crypto-anarchists. These early adopters defined its values, virtues, and fundamental design. Satoshi Nakamoto introduced Bitcoin as a “peer-to-peer electronic cash system,” emphasizing that “participants can be anonymous.” However, this seemingly untraceable digital cash would later reveal its true nature.

In late 2013, a revelation shook the crypto world: Bitcoin was not truly untraceable. Its blockchain allowed researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system. This discovery upended cybercrime dynamics.

Enter Sarah Meiklejohn, a young mathematician who meticulously analyzed Bitcoin’s blockchain. She discovered traceable patterns within what initially seemed like noise. Her work marked the beginning of a new era in crypto criminal justice.

Implications for the Cryptocurrency Industry

The Do Kwon narrative and the legal dispute surrounding his extradition have a big impact on the bitcoin market. It draws attention to the difficulties facing global collaboration in the regulation and implementation of legislation related to digital assets. It also calls into question the responsibility of those working on cryptocurrency initiatives, particularly in the face of charges of fraud and financial misbehavior.

Nvidia posts positive Q4 financial reports for 2023 fiscal year amid Challenges in its China’s Operation

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NVIDIA, a leading technology company, has recently announced its financial results for the fourth quarter of fiscal year 2023. The numbers are nothing short of impressive.

In Q4 2023, NVIDIA’s revenue surged to a staggering $22.1 billion, marking a remarkable 265% increase compared to the same period a year earlier. This substantial growth far exceeded Wall Street’s expectations, which had estimated revenue at $20.6 billion. The company’s net income also experienced a significant boost, rising from $1.41 billion to an impressive $12.29 billion during this quarter.

Diluted earnings per share (EPS) for Q4 2024 came in at $4.93, a substantial leap from the 57 cents reported a year earlier. This robust performance underscores NVIDIA’s continued dominance in the tech industry, particularly in areas like artificial intelligence (AI), gaming, and data centers.

Jensen Huang, founder and CEO of NVIDIA, expressed optimism about the future: “AI is at an inflection point, setting up for broad adoption reaching into every industry. From startups to major enterprises, we are seeing accelerated interest in the versatility and capabilities of generative AI.” He highlighted breakthroughs in generative AI and large language models as key drivers for NVIDIA’s success.

Furthermore, NVIDIA is actively partnering with leading cloud service providers to offer AI-as-a-service, providing enterprises access to its world-leading AI platform. Customers can engage with various layers of NVIDIA AI – from AI supercomputers to pretrained generative AI models – as cloud services. The company’s commitment to innovation extends beyond hardware; it aims to empower businesses across industries with cutting-edge AI solutions.

As NVIDIA continues to push boundaries and redefine what’s possible in technology, its impressive financial results demonstrate that it remains at the forefront of innovation and growth.

Nvidia $NVDA CEO says data center sales to China declined significantly.

Nvidia, the renowned chipmaker, has been at the forefront of technological advancements, particularly in artificial intelligence (AI), high-performance computing (HPC), and gaming. However, recent developments have highlighted both successes and challenges for the company, particularly concerning its data center sales in China.

In a recent earnings call, Nvidia CEO Jensen Huang revealed that the company’s data center sales to China have experienced a significant decline. Despite this setback, Nvidia remains committed to its Chinese customers and continues to ship chips to the country.

During the fiscal fourth quarter, which ended on January 28, 2024, Nvidia’s business in China saw a notable decline. Huang stated, “This last quarter, our business significantly declined as we…stopped shipping in the marketplace (for China).” The company recorded sales of $1.9 billion during this period.

Although data center sales to China dropped, Nvidia recognizes the importance of its Chinese customer base. In fiscal year 2023, approximately 19% of Nvidia’s data center revenue came from China. However, in fiscal year 2024, this share decreased to 14%. Despite the decline, China continues to be a significant market for Nvidia. Sales to Chinese companies are expected to account for 14% in Q1 FY2025.

The decline in sales can be attributed partly to U.S. government licensing requirements that impacted high-performance AI and HPC GPU sales to China. These restrictions affected Nvidia’s data center revenue but did not deter the company from serving its Chinese clientele.