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Crypto Investors Are Pulling Profits From Meme Coins To Put Into New Crypto Presale, Billion Dollar Jackpot

By
TI Partners
-
0

The roar of the crypto engines has reached a crescendo, but a strategic pit stop is underway for many investors. The fast lane of meme coins, once a thrilling ride fueled by social media hype, may be approaching a yellow flag. Crypto enthusiasts, with eyes fixed on the rearview mirror, are analyzing the competition and considering a switch to a new contender with a pole position for long-term success, enter Billion Dollar Jackpot (BDJ).

Meme Coin Millionaires Moving To P2E

For the uninitiated, meme coins are cryptocurrencies inspired by internet jokes and viral sensations. Dogecoin, the undisputed king of meme coins, skyrocketed in value in 2021, fueled by celebrity endorsements and social media hype.

Similarly, Shiba Inu, another meme coin featuring a cartoon dog, rode the wave of Dogecoin’s success. Both projects, however, lack real-world utility. They offer minimal functionalities beyond their meme-based appeal.

While these meme coins provided some investors with eye-watering returns, the tide seems to be turning. Crypto enthusiasts are taking profits from their meme coin portfolios and seeking out projects with greater long-term potential. This trend points towards a shift in investor focus, prioritizing projects with real-world use cases and innovative applications.

Billion Dollar Jackpot (BDJ), is a revolutionary platform poised to disrupt the cryptocurrency space by merging the burgeoning Play-to-Earn (P2E) model with the global phenomenon of Formula One racing.

Billion Dollar Jackpot: Where F1 Meets P2E

BDJ transcends the limitations of a typical cryptocurrency.  It’s a gateway to a thrilling world of motorsport-themed predictions and potential financial rewards. Imagine combining your passion for Formula One with the ability to win life-changing prizes.

Powered by blockchain technology, BDJ offers a unique P2E experience. Here’s how you can become part of the action:

  • F1 Predictions Game: Put your F1 knowledge to the test! BDJ allows you to predict race outcomes, including finishing positions, fastest laps, and even head-to-head battles between drivers. Every race weekend presents a fresh opportunity to win incredible prizes for accurate predictions. Leaderboard climbers will vie for the ultimate glory – a shot at the season-ending Billion Dollar Jackpot!
  • Staking Rewards: BDJ introduces a captivating element called “staking.” By holding BDJ tokens, you can earn passive rewards simply for locking them on the platform’s secure and user-friendly dashboard. This staking functionality is even available during the ongoing presale, allowing you to accumulate rewards before the game officially launches!

  • Presale Advantage: The BDJ token is currently in its presale phase, offering a limited-time opportunity to acquire tokens at a significantly discounted rate compared to their future exchange listing price. Early investors have the potential to experience a substantial return on their investment as the project gains traction and the token value inevitably rises. Think 10x your initial investment – that’s the kind of ROI crypto enthusiasts dream of!

The crypto landscape is constantly shifting, for better and (occasionally for) worse. Investors are seeking projects that offer more than just a catchy meme. Billion Dollar Jackpot sits at the intersection of two booming trends: Play-to-Earn and Formula One. With its features, engaging P2E experience, and the potential for exponential token value growth, BDJ presents a compelling alternative to the fleeting allure of meme coins.

Secure your spot on the BDJ presale grid and be a part of the future of P2E. The checkered flag awaits, and the potential rewards are waiting to be claimed.

 

Find out more about BDJ:

Website: https://racetoabillion.com/en

Twitter: https://twitter.com/B_DollarJackpot

Telegram: https://t.me/billion_dollar_jackpot

Moon Keynote Teaser Rockets BlockDAG Presale to $18.5M, Dwarfs Cardano Web3 Wallet & Toncoin’s Market Surge

By
TI Partners
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0

BlockDAG has surged to the forefront of the cryptocurrency market, securing an astounding $18.5 million in its presale, eclipsing notable advancements in the Cardano ecosystem and Toncoin’s market rise. Cardano’s latest update enhances its Web3 wallet, streamlining asset management with new multi-account functionalities, thereby expanding its usability and security within the blockchain sector. Meanwhile, Toncoin, buoyed by speculative links to Telegram’s anticipated IPO, has experienced a significant uptick in market value.

However, BlockDAG’s revolutionary integration of blockchain security with the scalability of Directed Acyclic Graph (DAG) technology truly captivates the market’s attention. With the release of an exciting teaser for an upcoming keynote video shot on the moon, BlockDAG is setting new industry standards, demonstrating its potential to enhance transaction speeds and accessibility for crypto users radically.

Cardano’s Enhanced Web3 Wallet

Cardano’s latest Web3 wallet, Lace, has significantly upgraded to version 1.9, introducing enhanced features like multi-account and multi-wallet support. This upgrade facilitates a more dynamic interaction with the Cardano blockchain, allowing for smoother management of ADA and other supported tokens. The improved functionality and security features are expected to bolster Cardano’s standing in the competitive crypto market, attracting more users to its robust platform.

Toncoin’s Market Performance Linked to Telegram

Toncoin’s market performance has seen a robust increase, with prices surging above $7, largely driven by the buzz around Telegram’s possible IPO. Although Telegram officially distanced itself from the TON project due to regulatory hurdles, Toncoin has thrived as a community-led project. The token’s association with Telegram’s CEO, Pavel Durov, continues to inject vitality into its ecosystem, drawing both developer interest and community investment.

BlockDAG’s Innovative Crypto Framework

BlockDAG is redefining what it means to be a leader in the crypto space. Combining the secure, immutable nature of blockchain with the swift, scalable properties of DAG technology, BlockDAG introduces a new paradigm capable of processing thousands of transactions per second. This blend not only enhances transaction efficiency but also broadens BlockDAG’s appeal across various market sectors, promising substantial returns on investment. The detailed roadmap outlined in its Version 2 technical whitepaper offers a glimpse into the potential revolutionary impacts of its technology, emphasising its readiness to dominate the crypto market.

A Groundbreaking Marketing Move

Adding to the buzz, BlockDAG’s team has announced a teaser for an upcoming keynote video that will be broadcast from the moon. This groundbreaking marketing strategy is not just a first in the cryptocurrency world but also serves as a powerful symbol of BlockDAG’s ambition and technological prowess. Such innovative promotions are set to significantly elevate the project’s visibility and appeal, marking the BlockDAG presale as a landmark event in the history of cryptocurrency.

Looking Forward

BlockDAG’s trajectory is set to revolutionise the market with its ambitious presale goal, aiming for a valuation of $600 million by 2024. With its coin price currently at $0.005 and expected to rise to $0.006 shortly, BlockDAG is quickly becoming a hotbed for investment. The platform’s strategic initiatives, including the development of a crypto payment card and the adoption of low-code/no-code solutions for creating and deploying digital assets, are paving the way for a broader adoption of blockchain technology.

As it stands, BlockDAG not only overshadows developments within Cardano’s and Toncoin’s spheres but also sets a new precedent for what is achievable in the rapidly evolving world of digital finance. With a clear vision and a robust technological foundation, BlockDAG is poised to lead the next wave of blockchain innovation, offering both seasoned investors and newcomers alike a promising entry point into the future of cryptocurrencies.

 

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

JP Morgan Predicts Price of Bitcoin to Drop After Halving Event

By
Ojukwu Emmanuel
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0

Leading global financial institution that offers solutions in investment and commercial banking, JP Morgan, has predicted that the price of Bitcoin will drop after the halving event.

The bank analysis of open interest in Bitcoin futures shows that the cryptocurrency is still considered overbought.

JP Morgan wrote via a research report,

“The price of Bitcoin is likely to weaken after the reward halving, a quadrennial event that slows the rate of growth in Bitcoin supply and looks set to occur around April 19-20”.

Furthermore, the price of Bitcoin is about $64,000, which is still above the bank’s volatility-adjusted comparison with gold, which sets it at $45,000, and its projected production cost of $42,000 after the halving. The bitcoin production cost has historically acted as a lower boundary for BTC prices.

JP Morgan also notes that venture capital funding remains subdued despite the recent crypto market resurgence. In line with JP Morgan’s prediction, investment banking company Goldman Sachs has also cautioned its clients from reading too much into the past halving cycles.

According to Goldman, BTC’s halving is a “psychological reminder to investors of BTC’s capped supply,” and the medium-term outlook depends on the uptake of the ETFs.

The bank said,

“Historically, the previous three halvings have been accompanied by BTC price appreciation after the halving, although the time it took to reach all-time highs differs significantly. Caution should be taken against extrapolating the past cycles and the impact of halving, given the respective prevailing macro conditions,”

In contrast to JP Morgan and Goldman Sachs Bitcoin prediction, BitMEX Co-founder Arthur Hayes predicts that the price of Bitcoin will go above the $100k Mark and even grow to the $750,000 value by 2026. Hayes had predicted in 2023 that the price of Bitcoin would trade around $25 – 30k, and in 2024 would surge to a new all-time high.

With the Bitcoin Halving event around the corner, the rewards for miners will be cut to create a new Bitcoin in half, from 6.25 Bitcoin to 3.125 Bitcoin. Halving is an integral part of the Bitcoin blockchain system, which creates a monetary system that controls inflation. Halving happens every four years.

Currently, the price of Bitcoin has started to retrace upward, moving towards the $70k price. With the price of Bitcoin trading at $63,893 as of the time of writing the report, the price of the crypto asset has continued to gain momentum.

According to CoinMarketCap the positive sentiment spread across the crypto sphere, lifting the global crypto market cap to $2.35 trillion, 4% higher than the previous day. The crypto community is currently watching closely as the halving event is only a few hours away.

As Kenya’s Marketforce Shuts Down RejaReja, Do Not Waste Efforts Starting Ecommerce Startups in Africa

By
Ndubuisi Ekekwe
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4

Kenya’s Marketforce shuts down the ecommerce unit, RejaReja. This business has raised more than $103 million. It follows old Konga, OLX, Kalahari, Mocality, and other big funded ecommerce companies which have folded in Africa: “YCombinator-backed Kenyan retail startup Marketforce has announced the shutdown of its e-commerce arm RejaReja. The company’s co-founder, Tesh Mbaabu, via a blog post, disclosed that the shutdown was due to struggles with profitability.”

In a seminal article in Harvard Business Review, I quoted Kalahari CEO as he closed the business: ‘In closing some of their e-commerce properties, Naspers, a media and internet empire, noted that it was a “sad day for e-commerce” in Africa and cited “unprofitability” as a reason.’ Yes, the same thing the Marketforce team is citing.

Structurally and without a postal service, it is a waste of time to start an ecommerce business in sub-Saharan Africa unless you have shops for pick ups. Companies like the new Konga will be fine (they have many pick up locations via sister companies under Leo Stan Ekeh empire), but others which do not have those physical networks will struggle to make money. 

From Kalahari to Mocality, OLX to old Konga and Jumia, the result will be the same: B2C ecommerce is a waste of time.

Jumia is going on because it has resources even though it continues to lose state-level budget as a loss: “African online retailer Jumia reported a loss of $98.6 million before tax from continuing operations in 2023, which is a 52% decrease from 2022.“ The “decrease” is partly because of currency “loss-gain” and exit from some markets.

The challenge is marginal cost paralysis which destroys value as you scale the business. In other words, you cannot compound and leverage anything because your unit economics does not improve as you expand the operations. When a company operates in that type of market, your success will simply destroy you, as an inflection point will NEVER arrive, for a positive marginal cost positioning.

I refer you back to secondary school on marginal revenue, marginal price, marginal profit and marginal cost. In ecommerce in Africa, you will expect to see marginal loss! Simply, it is hopeless without a postal system!

Kenyan Retail Startup Marketforce Shuts Down e-Commerce Arm RejaReja Over Profitability Struggles

By
Ojukwu Emmanuel
-
0

Y Combinator-backed Kenyan retail startup Marketforce has announced the shutdown of its e-commerce arm RejaReja.

The company’s co-founder, Tesh Mbaabu, via a blog post, disclosed that the shutdown was due to struggles with profitability.

He cited that before the shutdown of RejaReja,  the B2B distribution business became unsustainable for a few reasons such as funding challenges, the retail FMCG market having razor-thin margins, and being highly price elastic which was ravaged by consistent price wars.

He wrote,

“The B2B distribution business that was RejaReja became unsustainable for a few reasons. Firstly, the retail FMCG market has razor-thin margins, which means that at a unit level, we struggled with profitability. The segment is also highly price elastic, which means the price wars are consistent. That’s always a race to the bottom.

“After immense efforts to make our business model sustainable, including downsizing the business to extend the runway for as long as possible, we have concluded that it is no longer feasible to keep RejaReja operational.”

MarketForce’s deceleration started last year when some Venture Capitalist reneged on their Series A funding commitments, forcing the company to scale down operations and conduct multiple rounds of layoffs. The cash crunch came amidst the global venture capital downtime that has made raising funding hard.

This forced the company in October 2023, to discontinue the operations of its e-commerce platform RejaReja in four markets which include Kenya, Nigeria, Rwanda, and Tanzania, before its final shutdown this year.

Launched in 2020, RejaReja was built to empower one million merchants to harness the power and scale of the technology and realize their maximum potential by 2030. The company was trying to solve challenges that retailers face like stockouts, earnings instability, and lack of financing to scale their trade.

Moving ahead, rather than starting from scratch, the company has decided to join forces with founders that had built a business focused on a different kind of merchant, an online merchant selling a lot via social platforms.

The company is pivoting to “Chpter”, a social commerce startup that provides an AI-driven conversational platform tailored for business owners on WhatsApp and Instagram.

Chpter empowers businesses to unlock more revenue through the fastest-growing commerce channel, social media. It provides an AI-powered conversational commerce platform that enables merchants to sell more on social platforms like WhatsApp and Instagram by automating conversations, marketing, and payments all in one place.

MarketForce disclosed that they are building a product for merchants who want to grow their businesses and make money even while asleep and believe they can do that through the power of automation and artificial intelligence. 

Notably, Chpter is already live in Kenya and South Africa, powering hundreds of merchants and assisting them in seeing up to 5x revenue growth across their social channels due to the power of conversational commerce. 

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