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Why Is Everyone Talking About Pomerdoge (POMD) As Dogecoin (DOGE) And Litecoin (LTC) Continue to See Holders Moving Over

By
TI Partners
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0

Pomerdoge, a rising star in the memecoin scene, is making significant waves among crypto enthusiasts. As this Play-to-Earn memecoin currently offers discounted tokens during the presale phase, it’s seeing a noteworthy influx of holders from Dogecoin (DOGE) and Litecoin (LTC) communities. But what’s causing this shift? Let’s investigate further.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Pomerdoge (POMD)

Pomerdoge is a promising new entry in the Play-to-Earn (P2E) cryptocurrency landscape, offering a platform where players can interact, compete, and earn. This concept has been built with the objective to create a vibrant economic system where participants can earn while having fun.

The POMD token, an ERC20 utility token, lies at the core of the Pomerdoge ecosystem. It will facilitate transactions and empower the native rewards system within the platform. Notably, early adopters participating in the presale can earn a share of the game’s revenue by holding onto POMD tokens.

POMD is also a meme token that seeks to take on the likes of Pepe (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE). Early speculators believe that POMD captures the essence of a meme token and has the potential to outperform its predecessors, which have all seen tremendous gains since its launch.

The first stage of the Pomerdoge presale is currently ongoing, with tokens available at a bargain price of just $0.007 each. As the presale moves forward, the price is set to increase periodically. This early entry point could provide an excellent opportunity for investors ahead of the token’s listing on exchanges and the subsequent price discovery process.

Dogecoin (DOGE)

Dogecoin (DOGE), an internet meme-turned-digital currency, has built a reputation as the quintessential “people’s coin”. It has gained popularity due to its affordability and accessible nature, making it an attractive choice for new and casual investors.

Tesla and SpaceX CEO Elon Musk played a crucial role in Dogecoin (DOGE)’s remarkable climb to $0.74 in 2021. Musk would regularly tweet about Dogecoin (DOGE) to his 140+ million followers, and the coin enjoyed a surge in price each time.

Dogecoin (DOGE)’s allure is deeply rooted in its meme status, its celebrity patronage, and its speculative nature. It relies on FOMO (Fear of Missing Out) to sustain its price, which is why Dogecoin (DOGE) currently trades at 90% down from an all-time high.

Dogecoin (DOGE)’s struggle to breach the $0.070 barrier is noticeable, signaling the weakening in buying support as Dogecoin (DOGE) holders move over to the newer and more attractive Pomerdoge.

Litecoin (LTC)

One of the earliest cryptocurrencies, Litecoin (LTC), emerged in 2011 and has established a name for itself as a “lite” version of Bitcoin (BTC). Litecoin (LTC) has had a strong presence in the crypto space, with its value twice surpassing the $400 mark, in 2017 and again in 2021.

Recently, Litecoin (LTC) made waves in Q2 2023 as its prices leaped from $69 to a noteworthy $114 within a fortnight. This surge in Litecoin (LTC)’s price can be traced back to the upcoming halving event, which traditionally triggers increased demand and subsequently propels prices upward.

However, despite its impressive Q2 2023 trajectory, Litecoin (LTC) has experienced a wave of selling pressure, causing it to dip below the $100 support and resistance zone. This event left Litecoin (LTC) traders scratching their heads as it deviated from previous trends.

It appears that Litecoin (LTC)’s market impact may not be as impactful globally as it was in past years. As the Litecoin (LTC) halving event approaches, now less than a month away, analysts suggest that the bullish narrative surrounding this event has fizzled out and that the Pomerdoge presale has taken the spotlight.

 

Find out more about the Pomerdoge (POMD) Presale Today

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

I Expect New Changes in Nigeria’s Fuel Subsidy and FX Policies within 6 Months

By
Ndubuisi Ekekwe
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1

Nigeria will either pause the full floating of its currency or return back to fuel subsidy within 6 months. Nigeria’s weakest currency stability point remains that it has to continue importing petrol since it does not have any working refinery. That creates a vicious circle since those importing fuel will mark up prices, to cushion for the next round of import, working to stay ahead of currency deterioration, in a system with no official benchmark. 

In other words, if you bring it in at N760/$, you will likely expect that when you finish selling, you may need N770/$ to get back to parity, and if that unpredictability remains, stabilizing Naira becomes challenging.

So, to solve that problem: the government will have to freeze the floating of the currency, at least partially, or will have to bring back fuel subsidies, or do both. Expect your pick within the next 6 months.

Investors, plan accordingly because we’re going to have more shifts for a new equilibrium point. The stable state is not close because the demand for US dollars remains well higher than the supply in the nation. That lack of parity will drive new policy changes in the nation since we’re import dependent on many things.

I do not like when the government shares money to citizens in Nigeria because it is all an illusion. Why? My village in Ovim, Abia State, has NEVER received any of these funds. And we’re happy that NEMA does not have us in its database. 

In short, during Covid palliative sharing, it is on record that Ovim rejected what the state government shared, noting that its sons and daughters from around the world provided well enough. 

If we have that mindset, Nigeria can just focus on using the “sharing” money to fix and boost our refining capacity.

The Refining Capacity

Note that on full production capacity of Dangote Refinery which has 650,000 barrels per day capacity and NNPC which has a total refining capacity of 445,000 barrels in four refineries, Nigeria should be fine. Post subsidy removal, Nigeria consumes about 45 million liters per day, from more than 60 million liters; that is about 281,000 barrels per day. Indeed, all the core pieces Nigeria needs to strengthen its currency are there if only the national refineries are working. Of course, we expect the Dangote Refinery to begin production soon.

Technically, if those refineries work and Dangote Refinery begins, Nigeria’s balance of payment could improve – and Nigerian Naira will strengthen.

Importantly, if I may add, we must have decency and honour to stop the madness of commissioning projects which are not ready, from bridges to plants, to hospitals, at local, state and federal levels. When we do those things, we distort any sense of reasoning. That deception must end and our press men and women must do their jobs, pointing out those things.

The Power of Ethnic Attire at Global Events

By
Mutiu Iyanda
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0

In today’s interconnected world, where cultures and nations converge, preserving and promoting one’s cultural identity has become a paramount endeavour. In line with his interest in promoting African culture, values, and norms, our analyst was one of the participants at the Russian-African Media Forum held, between July 24 and 26, 2023, at the Academic Council Hall of Patrice Lumumba Peoples’ Friendship University.

On the side of the event, our analyst observed some Africans who wore African attire and sought their audience for interactions. Therefore, this piece explores the significance of traditional ethnic attire and its role in representing African culture at global events.

Our attire speaks volumes about who we are, where we come from, and what we stand for. It serves as a symbolic bridge connecting our past, present, and future. Just as Mustafa Adeitan and Kingsley Kesseh, both are postgraduate students at the National Research University Higher School of Economic, proudly wore their Yoruba cultural outfits. “We embrace a powerful medium to communicate our cultural heritage to a global audience. Traditional ethnic attire, like the Buba and Agbada, carries immense historical and cultural value.

(L) Kingsley Kesseh (R)Mustapha Adeitan

These clothing styles are not merely garments but representations of our collective identity, passed down through generations. When worn at international events, they evoke a sense of pride and belonging, breaking barriers of language and showcasing the beauty of our diversity.”

Events like the Russian-African Media Forum offer a unique opportunity to promote cultural awareness and understanding. By donning their traditional outfits, Mustafa and Kingsley demonstrated their commitment to sharing the unique aspects of Yoruba culture. Through these sartorial choices, they invited dialogue and engagement, encouraging others to learn about their traditions, customs, and values.

Preserving and promoting cultural identity is a shared responsibility, one that transcends borders and unites humanity. Mustafa Adeitan and Kingsley Kesseh demonstrated the power of traditional ethnic attire as a means to project their Yoruba heritage and showcase the richness of African culture at the Russian-African Media Forum.

Connecting with the Place of Africa in the Changing World

Africa occupies a unique and evolving position in the changing world, and cultural preservation plays a vital role in shaping its narrative and future. As globalization continues to impact societies across the globe, the preservation of African cultures becomes increasingly crucial to maintaining cultural diversity and promoting a balanced global discourse.

Identity in the Face of Globalization: Africa’s diverse cultures and traditions face the risk of being homogenized in the face of rapid globalization. Wearing traditional ethnic attire at international events signifies a conscious effort to resist cultural assimilation and celebrate the uniqueness of African identities. By asserting their cultural pride, individuals like Mustafa and Kingsley contribute to the preservation of African heritage on the global stage.

Redefining Africa’s Image: Africa has often been portrayed in a one-dimensional manner in the global media, focusing on challenges and stereotypes. By showcasing their cultural heritage at international events, Africans can redefine Africa’s image, highlighting its vibrancy, rich history, and cultural contributions to the world.

Soft Power and Global Influence: Embracing and promoting cultural preservation through events like the Russian-African Media Forum enhances Africa’s soft power and global influence. Cultural exchange fosters greater understanding and appreciation between nations, paving the way for stronger diplomatic ties, economic partnerships, and collaborative efforts on global challenges.

Negotiations Ongoing on Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act within US House

By
Paul Ugbede Godwin
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0

The US House of Representatives has failed to reach a consensus on the proposed legislation to regulate stablecoins, a type of digital asset that is backed by real-world assets or stablecoins. The bill, known as the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, was introduced by Rep. Rashida Tlaib (D-MI) in December 2020 and aimed to protect consumers from the risks posed by stablecoins, such as volatility, fraud, and money laundering.

The bill would require stablecoin issuers to obtain a banking charter, comply with the same regulations as banks, and maintain reserves at the Federal Reserve. The bill would also give the Federal Reserve the authority to audit stablecoin issuers and impose penalties for non-compliance. The bill’s supporters argue that stablecoins pose a threat to the stability of the financial system and the sovereignty of the US dollar, and that they need to be regulated to prevent another financial crisis.

However, the bill has faced strong opposition from the stablecoin industry, as well as some lawmakers from both parties who believe that the bill is too restrictive and would stifle innovation and competition in the crypto space. They argue that stablecoins are not equivalent to bank deposits, and that they provide a faster, cheaper, and more inclusive alternative to traditional payment systems. They also claim that the bill would violate the constitutional rights of stablecoin users and issuers, and that it would create a monopoly for the Federal Reserve.

The bipartisan negotiations on the bill have been ongoing for months, but they have reached an impasse in July 2023. The main points of contention are the definition of stablecoins, the scope of regulation, and the role of the Federal Reserve. The negotiators have failed to find a compromise that would satisfy both sides and have decided to end the talks without reaching an agreement.

The breakdown of the negotiations means that the bill is unlikely to pass in its current form, and that stablecoins will remain largely unregulated in the US for the foreseeable future. This could have significant implications for the stablecoin market, which has grown rapidly in recent years and now has a total market capitalization of over $200 billion. Some experts predict that stablecoins will continue to flourish in the absence of regulation, while others warn that they will face increased scrutiny and legal challenges from regulators and lawmakers.

In a similar twist, the US House Agriculture Committee has approved a bill that would create a regulatory framework for the crypto market. The bill, called the Digital Asset Market Structure and Investor Protection Act, aims to protect investors, promote innovation, and provide clarity for digital asset issuers and intermediaries.

The bill would define digital assets as securities, commodities, or digital asset securities, depending on their characteristics and use cases. It would also establish a federal digital asset regulator within the Securities and Exchange Commission (SEC) to oversee the crypto market and coordinate with other agencies.

The bill would also require digital asset issuers and intermediaries to register with the SEC and comply with reporting, disclosure, and anti-money laundering rules. Additionally, the bill would create a digital asset investor protection fund to compensate investors in case of fraud or theft.

The bill’s sponsor, Representative Don Beyer, said that the crypto market is growing rapidly and needs a clear and consistent regulatory framework. He said that his bill would provide certainty for innovators, protect consumers, and ensure the US remains a global leader in the crypto space.

The bill has received support from several industry groups, such as the Blockchain Association, the Chamber of Digital Commerce, and Coin Center. They praised the bill for recognizing the diversity of digital assets and creating a balanced approach to regulation.

However, the bill has also faced some criticism from some crypto advocates, who argued that the bill would stifle innovation and impose unnecessary burdens on the crypto industry. They said that the bill would give too much power to the SEC and create confusion for state regulators. The bill will now move to the full House for consideration. If passed, it will then need to be approved by the Senate and signed by the President before becoming law.

Solana (SOL) and Kin (KIN) Get Listed As Securities

By
TI Partners
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0

More crypto projects are focusing on real-world applications, giving more exposure to digital assets. The new project, Uwerx, is preparing to join the coin market, aiming to solve the problems associated with the freelance industry.

This article will explain why traders are paying keen attention to Uwerx and why you should. But first, we shall explore the recent developments in Solana (SOL) and Kin (KIN), as the SEC lists them as securities.

Solana (SOL) Challenges SEC Charge

Solana (SOL) fell in value after the FTX scandal that directly implicated the project. Since then, the coin has struggled to stay relevant.

Following the SEC stating that Solana (SOL) is a security, the project’s value has plummeted by -22.45% in the last 24hrs. The project currently trades at $14.96, with a market cap of $5,959,385,776.

Solana (SOL) has also seen more bad news as Robinhood, a U.S Financial services company, has announced that they will remove Solana (SOL) from their platform.

The Solana Foundation has challenged the Securities and Exchange Commission (SEC) charge, stating that SOL is not a security. While Solana (SOL) holders are still unsure of the coin’s future, analysts predict it will reach $33.03 by the first half of 2024.

Kin (KIN) Holders Are Concerned With The SEC Listing

Kin (KIN) is known for offering developers the fastest and easiest way to integrate cryptocurrency within their web and mobile applications.

This is achieved using Kin’s software development kits (SDKs), effectively eliminating the intricacies of incorporating cryptocurrencies. As a result, developers can focus on creating exceptional in-app experiences for users to earn and spend their Kin (KIN) tokens.

Kin (KIN) reported that it had burned 1 Billion $KIN tokens after it was approved last week in their first-ever community vote.

Following the SEC putting Kin (KIN) on the list of securities, Kin (KIN) holders are reminded that Kin (KIN) has already faced off with the SEC and came out with a mutual settlement. They are concerned that this could spell losses for Kin (KIN).

Their fears are valid because Kin (KIN) has decreased by -2.55% in the past 24hrs. The project currently trades at $0.00000630, with a market cap of $13,908,865. Analysts predict the project to reach $0.00001220.

Early Investors Gain Substantial Returns With Uwerx (WERX)

With over 350 million tokens sold, Uwerx has quickly outsold its developers’ expectations. As a result, they were forced to increase the presale token allocation to 57% (427.5 million WERX tokens) of the total 750 million token supply. The team also increased Uwerx’s launch price to $0.095 – $0.115, reducing their allocation to 7%. By doing this, they offered more investors an opportunity to join the platform and make gains.

Uwerx’s presale performance can be attributed to the agile methodology approach taken by its developers. This approach allowed them to release Uwerx in batches while making improvements with time.

On Saturday, July 29th, 2023, at 18:00 UTC, there will be a price adjustment from $0.05245 to $0.0564. This marks an upturn of 7.5%, which is slightly less than the initially proposed hike of 10%.

Uwerx also has a feature called the Uwerx Vault which allows users to store their WERX tokens for a desired duration. Users will also earn exciting rewards for using the Vault.

The Alpha version of Uwerx has launched with a Landing page, Signup page, Login/Sign In page, Forgot Password, Freelancer or Client Initiation page, Initial Step of Job Creation, and Initial Step Of Finding Talent pages, My Activity Page, Hiring Dashboard, and Job Creation Process pages.

The Uwerx team has announced that transitioning to the Beta version will happen soon so that users can start testing it. They also welcome feedback and urge the community to send it to their dedicated email address, feedback@uwerx.network.

SolidProof and InterFi Network audited Uwerx before its presale started. The Uwerx team had also stated their intentions to give up smart contract ownership once Uwerx lists on centralized exchanges.

Following a poll where 82.8% of respondents voted to lock developers’ tokens, the team locked them on June 7, 2023. 98.2% of respondents also voted for a test airdrop; the team believes it will help users confirm their Receiving Wallet addresses.

Forbes reports that 73% of tech companies have added teams of freelancers and employees. Experts see this as a sign of great days for the gig economy. Considering all Uwerx’s offerings, analysts predict the project’s value will go above $3 by the end of next year. This suggests that now is the perfect time to invest in Uwerx.

So, click the links below to learn more about Uwerx and enjoy the 15% purchase bonus:

 

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

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