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Shiba Inu And Avalanche Hit Monthly Lows, Orbeon Protocol On Track For Additional Price Increase

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Shiba Inu (SHIB) and Avalanche (AVAX) have both struggled after strong January performances. Both projects were predicted to rise in February, however, they have seen price declines throughout the month.

While trading volume surges suggest investors remain bullish, their confidence could be called into question if Shiba Inu (SHIB) and Avalanche (AVAX) continue to decrease. At the same time, Orbeon Protocol (ORBN) is on track for an additional price surge past its 1815% gains already, making it a great alternative for investors looking to boost their portfolios.

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Shiba Inu (SHIB) Investors Remain Bullish

Shiba Inu (SHIB) has one of the most exciting communities of any cryptocurrency project. First created in 2022, the Shiba Inu (SHIB) community rivals Dogecoin (DOGE), with hopes of becoming the world’s number one memecoin. While it only reached an all-time high of $0.00008616, investors believe that Shiba Inu (SHIB) could offer huge returns in the future with the support of its community.

Over the past two weeks, the value of Shiba Inu (SHIB) has decreased significantly. Many holders are attributing this decrease to a simple market correction, and believe that Shiba Inu (SHIB) could surge once it’s finished. This is shown by an increase in trading volume, with Shiba Inu (SHIB) being one of the most traded cryptocurrencies in the market.

Avalanche (AVAX) Down By $5, But Trading Volume Rises

Avalanche (AVAX) is a DeFi project that lets developers create and scale decentralized applications. Known as dApps, decentralized applications are currently limited by the platforms they’re built on, which experience issues with scaling, transaction speeds, and centralization.

With Avalanche’s (AVAX) consensus protocol, users can experience high throughput, low latency, and industry-leading security, which makes Avalanche (AVAX) a fantastic option for development teams.

Avalanche (AVAX) is currently the third largest blockchain based on total value locked (TLV), with a valuation of $5.2 billion. Avalanche’s native token, AVAX, is also a popular investment and reached highs of $144.96 in November 2021. One Avalanche (AVAX) token is now worth just $17.11 and has decreased in value by over $5 in the last week. This has created doubt amongst some investors, though trading volume continues to rise.

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Orbeon Protocol (ORBN) Price To Increase In Seven Days

While the general market corrects itself, Orbeon Protocol (ORBN) continues to thrive. Since its presale started in October 2022, the value of Orbeon Protocol (ORBN) has increased from $0.004 to $0.0766, with additional price surges predicted before its presale ends.

Orbeon Protocol (ORBN) showcases a dynamic DeFi ecosystem, including its one of a kind DeFi launchpad. The Orbeon launchpad allows startups to raise funds by selling NFTs to general investors. This also lets them build a community of loyal investors.

As startup investments are known to be risky, Orbeon Protocol (ORBN) will put every startup through a strict vetting process before they can sell NFTs. Startups are then required to hit funding targets as part of Orbeon Protocols’ “Fill or Kill” mechanic, otherwise, investors will be refunded.

With just 888 million Orbeon Protocol (ORBN) tokens in circulation, and 53% being sold to the public during the project’s presale, each presale round is selling out faster than the last. Analysts predict that Orbeon Protocol (ORBN) could hit highs of $0.24 before its presale ends, which, alongside a range of holder benefits, makes Orbeon Protocol (ORBN) a great investment for 2023.

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Polygon (MATIC) Price Prediction: RenQ Finance (RENQ) Set For 8000% Gains in 2023

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Polygon (MATIC) has been one of the most talked-about cryptocurrencies in the market recently, with many investors and traders eagerly watching its price movement. However, there is a new player in town that experts believe could outperform MATIC in the long run: RenQ Finance (RENQ).

According to some analysts, RENQ is poised for an 8000% gain in 2023, making it one of the best long-term investment opportunities in the crypto space. RENQ’s unique approach to decentralized finance (DeFi) and its innovative technology has attracted a lot of attention from investors and developers alike.

With its fast transaction speeds, low fees, and interoperability, RENQ is well-positioned to become a major player in the DeFi ecosystem. The team behind RENQ is also highly experienced and has a strong track record in the blockchain industry, which has further fueled investors’ confidence in the project.

As with any investment, it’s important to do your research and assess the potential risks and rewards before making any decisions. However, if the experts are to be believed, RENQ could be a highly profitable investment opportunity for those willing to take a chance on a promising new player in the crypto space.

Polygon (MATIC)

Polygon (MATIC) is an Ethereum-based token that fuels the Polygon Network, which is a framework and protocol designed for constructing and linking Ethereum-compatible blockchain networks. As a Layer-2 solution, Polygon was created to enhance the Ethereum network’s scalability and functionality.

Recently, Polygon has become a hot topic in the cryptocurrency community following the transfer of 14% of the total MATIC supply from its vesting contract. This transfer involved the movement of 1.4 billion MATIC tokens, which caused a stir in the crypto market.

Polygon’s team has announced that the 1.4 billion vested MATIC tokens will be distributed among various project components. Of this amount, 200 million MATIC will be allocated for staking rewards, 546.6 million MATIC will be added to the foundation’s treasury, and 640 million MATIC will be given to the team.

Despite experiencing significant corrections in its price since the beginning of last year, Polygon crypto has maintained strong support at $1.27 until the crypto market crashed in May. While MATIC’s price predictions indicate significant potential, major milestones are yet to be accomplished. Various price targets will be mentioned in conjunction with its price action.

Volatility is a significant factor in Polygon crypto trading, as it is with all cryptocurrencies. Despite the pandemic’s impact on fiat currencies, cryptocurrencies like MATIC surprised the world with gains during the crisis. Thus, volatility is a crucial aspect of Polygon crypto trading.

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RenQ Finance (RENQ) Set For 8000% Gains in 2023

RenQ Finance has been gaining attention in the cryptocurrency world due to its innovative features and promising prospects. RENQ aims to provide a comprehensive platform for all kinds of traders in the DeFi space, with the benefits of both centralized and decentralized exchanges.

The platform is designed to offer a variety of features, including cross-chain asset exchange, derivatives trading, margin trading, and more. RENQ’s governance token, RENQ, will play a central role in the ecosystem, providing users with a say in key decisions and the ability to stake and earn rewards.

RenQ Finance has already completed a successful presale, raising $3,657,500 to fund development and expansion. The project has also secured partnerships with a range of key players in the cryptocurrency space.

While the potential for 8000% gains in 2023 may be an optimistic projection, RenQ Finance’s strong community, innovative features, and strategic partnerships suggest that it may have significant potential for growth in the years ahead.

>>>>> BUY RENQ TOKENS HERE <<<<<

 

Visit the links below for more information about RenQ Finance (RENQ):

Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
Telegram: https://t.me/RENQFINANCE

Dogetti and Lido DAO Prove It’s Only The Beginning For Crypto

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The past week in the cryptocurrency market has been anything but rosy. The recent SEC clampdown on Kraken and its staking service has sent a message to the market at large. Bitcoin(BTC) and other altcoins have reduced in  value since the news emerged. However, they have shown developing strength and are getting back on track, recouping lost value.

Dogetti(DETI) is a new memecoin project launching on the Ethereum project, and with presales just starting, the project is looking to get the right start for decent momentum. On the other hand, LidoDAO is facing some challenges as the crackdown affects the DeFi protocol.

Remember that Kraken signed a settlement agreement with the SEC yesterday, following months of regulatory investigations over unregistered securities advertised as staking services. The exchange agreed to pay $30 million in disgorgement and civil penalties and shut down its staking platform.

The news comes only a day after Coinbase CEO Brian Armstrong provided an update on reports regarding the SEC prohibiting crypto staking for retail US consumers. According to a Paradigm post on Ethereum’s new staking concept, the CEO argues that staking should not be considered a security.

And considering that the largest ETH depositors on Lido liquid staking protocol include Coinbase, Kraken, and Binance, Lido is bound to be facing some loss of liquidity.

LidoDAO (LDO) Staking Made Accessible For Everyone

Lido(LDO) is a proof-of-stake (POS) blockchain liquid staking solution that brings together node operator partners that manage the core validator infrastructure on the Ethereum, Solana, and Terra blockchains. The project began in December 2020, when Ethereum 2.0 (“beacon chain”), Ethereum’s POS chain, reached Phase 0 and only enabled users to stake their assets in multiples of 32 ETH on Ethereum 2.0. Once ETH had been staked on the beacon chain, it can never be returned to the original Ethereum (“Ethereum 1.0”). This feature has eased into each other following the merge, and the protocol operates on the main chain.

Lido operates like several other DeFi lenders and liquidity protocols by issuing stETH (staked ether) when users deposit their ETH funds, allowing them to earn rewards and maintain liquidity. The LidoDAO is the governance protocol for the dex platform, and LDO serves as the governance token. The ERC-20 token is used as a token for exerting veto power, allowing holders to contribute to the protocol with proposals and voting for consensus on pivotal decisions on the network.

Dogetti(DETI) – Leave The Gun, Take The Cannoli

Dogetti is a new memecoin project launching on the Ethereum blockchain and is looking to revitalize the memecoin landscape. Memecoins have not enjoyed enough volume since the peak days of Shiba Inu(SHIB) during the bull market. Dogetti will be looking to revive that market excitement and get the landscape raving about memecoins. The new project is already on presale, and with its incredible start, the landscape already sees the potential in buying the token for cheap now.

Dogetti is a dog meme token inspired by mafia-themed books and stories, and it explains the portrayal of the dog memes as gangsters. Dogetti aims to build a family-based community looking to help one another build wealth and inevitably grow value for the community. Dogetti will use several utilities to keep the ecosystem alive and promote a community vibe.

NFTs, gaming, and the metaverse are creative ways to do that. The main DeFi utility will be the DogettiSwap, a dex protocol that will enable the exchange and trade of tokens under the best conditions in terms of transaction speed and cost.

Dogetti is building quite a traction, and entering the presale now is one of the smartest plays in the cryptocurrency market. Join the Dogetti presale here.

 

More on Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

 

Save Your Portfolio In The Ongoing Bear Market With These Three Altcoins – Tezos, Hedera, and Big Eyes Coin

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Since the ongoing bear market began the summer after crypto markets crashed alongside global financial markets, many crypto investors and traders have found it challenging to go about their daily routines. Bear markets put a significant strain on affairs within an industry, making it hard to generate profits and extremely easy to accumulate losses. Thankfully, this is not the first bear market the cryptocurrency industry is experiencing, so there are several ways to deal with a bear market and ensure one is safe from its harsh realities. One such method is by prioritizing long-term cryptocurrency investing, a tested and trusted investing approach that allows crypto to vest for a long period while accumulating profits.

With the long-term cryptocurrency industry, it is possible to rest easy knowing your crypto assets are safe and protected from the extreme volatility and negative prices that currently plague the crypto market. It also allows one to accumulate profits while the current situation lingers. However, this entirely depends on how well crypto does in the investment period. This piece discusses three cryptos that could make fantastic investments in the ongoing bear market. Here’s all you need to know about Tezos (XTZ), Hedera (HBAR), and Big Eyes Coin (BIG).

Tezos (XTZ): Providing Seamless Smart Contracts

Tezos (XTZ) is a popular blockchain network within the cryptocurrency industry that is synonymous with providing an ideal environment where it is possible to integrate and create smart contracts. The crypto platform is very similar to the crypto giant Ethereum (ETH), the main and only difference between both platforms being that Tezos (XTZ) offers a more advanced infrastructure. Simply put, the Tezos (XTZ) platform can evolve and improve over time without ever being a danger of a hard fork.

Its native cryptocurrency, XTZ, is an essential part of its ecosystem. It provides utility and facilitates several crypto operations, such as network governance, payment fees, and user interaction.  XTZ is listed on several prominent crypto platforms within the industry, such as Binance and Coinbase.

Hedera (HBAR): Learn More About Decentralized Apps

Hedera (HBAR) is a popular blockchain-based platform that is reputable within the cryptocurrency industry for providing an ideal environment for building and deploying all sorts of Decentralized Applications (dApps). Hedera (HBAR) is reportedly one of the few sustainable, enterprise-grade public networks for the decentralized economy within the cryptocurrency industry, with several impressive qualities, such as allowing individuals and businesses to create powerful Decentralized Applications (dApps).

Its native cryptocurrency, HBAR, powers and incentivizes its ecosystem, making it possible for users to access specific benefits and complete regular crypto operations, such as user interaction, trading, network governance, and payment fees.

Big Eyes Coin (BIG): $30 Million Strong Meme Coin Could Hit Billion Dollar Market Cap?

Big Eyes Coin (BIG) is an upcoming meme currency native to the Big Eyes crypto project that many crypto analysts say is the next-generation meme coin within the industry. The token boasts several attractive features, including a massive supply (one billion tokens in total) and a lack of transaction taxes or gas fees. It also plays a huge role in the Big Eyes ecosystem by providing utility and facilitating crypto operations, such as network governance and user interaction.

Big Eyes Coin (BIG) is currently on presale. To participate in the ongoing presale, click the presale link on the token’s official website. See more information on the Big Eyes Coin (BIG) here. They are currently running their final ever promotion code, ending on the 20th of February. By using code LAUNCHBIGEYES200 you can gain 200% on any $BIG purchase made until the 20th of Feb – tripling, at the very least, your investment. Now is the time to strike!

 

For More On Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Jumia Fired 900 Workers Last Quarter As It Looks for Profits

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Running a B2C ecommerce in Africa remains a challenging aspiration. Jumia is telling us how hard that mission remains. The ecommerce company fired 900 people last quarter. Investors pushed the stock down by more than 11% today. Nonetheless, I still maintain that Jumia can rise. It has refused to open its JumiaPay. There is no reason why that should not become a Payment API for merchants in Africa, souped with millions of Jumia customers. Yes, anywhere there is a “market”, JumiaPay will process the transactions.

“Chief executive Francis Dufay said in light of the encouraging signs that Jumia’s cost cutting initiatives were starting to bear fruit, it expects a sharp reduction in 2023’s annual adjusted EBITDA loss to $100-120 million from $207 million in 2022. The group cut more than 900 jobs in the fourth quarter and also significantly reduced its presence in Dubai, relocating most of its remaining staff to its African offices.” Yes, an EBITDA loss of $100 million in a year would be seen as progress! Not many will buy that for an Africa-operating company. Investors took the company down by more than 11%.

More so, JumiaPay remains tethered to Jumia and the numbers are not great: “iaPay TPV and transactions are closely linked to the underlying usage of our platform. So in the context of declining GMV and with the reduction of marketing incentives to drive prepayment penetration, JumiaPay TPV posted a decline of 18% year on year in Q4 ’22”. Why can’t JumiaPay be unleashed to become a payment system for merchants, within and outside Jumia? That will deliver a double pay strategy within the ecommerce’s one oasis strategy.

JumiaPay TPV and transactions are closely linked to the underlying usage of our platform. So in the context of declining GMV and with the reduction of marketing incentives to drive prepayment penetration, JumiaPay TPV posted a decline of 18% year on year in Q4 ’22. On a constant currency basis, TPV was flat year on year. FX was a significant headwind to TPV performance, particularly the 23% depreciation on the Egyptian Pound versus the U.S. dollar in ’22. On-platform penetration of JumiaPay as a percentage of GMV remained relatively stable at 26% in Q4 ’22 compared to 27% in Q4 ’21. JumiaPay transactions reached $2.9 million in Q4 ’22, down 26% year on year. This was a result of the decline in orders during the quarter, particularly, sorry, on the JumiaPay app, where we meaningfully scaled back promotional intensity to support unit economics.

Overall, 29% of orders placed on Jumia in Q4 ’22 were completed using JumiaPay compared to 35% in Q4 ’21. This is mostly a result of the transactions decline on the JumiaPay app. As JumiaPay app penetration is almost 100% on the JumiaPay app. So JumiaPay penetration is 100% on JumiaPay app.

The reduced share of JumiaPay app in the transaction mix led to a decline in the overall JumiaPay transactions penetration as a percentage of orders. JumiaPay continues to be a strategic priority for Jumia, and we’re working on product and UX to make it an even more effective enabler for e-commerce business. That said, we do not intend to subsidize prepayment penetration on the platform, and our priority is very much on supporting our margins. Last but not least, we remain focused on expanding our payment processing activities in Nigeria and Egypt, where we have previously obtained the relevant licenses to do so.

Report from Reuters

 African e-commerce firm Jumia Technologies said on Thursday that cost savings had helped it reduce fourth quarter losses by 30% from a year earlier, with a further sharp drop expected this year.

Jumia is on an aggressive cost cutting journey that involves head count reductions, scaling back offerings such as groceries and reducing delivery services not related to its e-commerce business in order to turn profitable.

Chief executive Francis Dufay said in light of the encouraging signs that Jumia’s cost cutting initiatives were starting to bear fruit, it expects a sharp reduction in 2023’s annual adjusted EBITDA loss to $100-120 million from $207 million in 2022.

The group cut more than 900 jobs in the fourth quarter and also significantly reduced its presence in Dubai, relocating most of its remaining staff to its African offices.

“We expect these headcount reductions to allow us to save over 30% in monthly staff costs starting from March 2023,” Jumia said.

It also significantly reduced its sales and advertising expenditure, by 41% year on year and scaled back its grocery offering in Algeria, Ghana, Senegal and Tunisia to reduce business complexities.

Dufay told investors on a call that Jumia had also discontinued its food delivery operations in Egypt, Ghana and Senegal, saying they were “sub-scale”.

While group revenue rose by 7.1% to $66.5 million in the quarter, its marketplace active consumers fell by 15% to 3.2 million as rising inflation squeezed consumer spending while affecting sellers’ ability to secure supply.

Dufay told Reuters that the group would also look to grow the business by expanding into smaller towns in existing geographies where there is under penetration of online shopping.