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Cryptanalysis believe that Toon Finance Explode Shiba Inu Coin by December 2022

By
TI Partners
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0

Is Shiba Inu losing its once titan grip on the cute meme crypto market? Toon.Finance is the new coin on the block and one that has exploded in popularity. A once semi-joke form of cryptocurrency launched to topple the big names like Bitcoin and Ethereum turned into one of the most popular coins of all time.

Let’s look at what makes Shiba Inu attractive, some of its ATHs, and more.

Shiba Inu Coin Price Prediction

Ryoshi, a group or single person, created SHIB in 2020 to answer the DOGE coin. While it was launched as a parody of the DOGE, it gained incredible popularity and exploded.

More meme-inspired coins are hitting the crypto market than ever before. Not only are they fun, but they are a bit of an antidote to the ‘stuffy’ appearance of some of the other coins. What makes meme coins so interesting is that while they don’t seem to take themselves too seriously, they are more popular and a better investment than many old and original cryptocurrencies.

Meme coins have been on the rise for the last few years – what started as a way to poke fun at some of the traditional coins has now become some people’s preferred way of investing in bitcoin.

For many age groups, we have grown up with the meme culture. Looking specifically at Imgur and Reddit, a large number of people can enjoy a single meme, and it can have a meaning and back story of its own. Not too dissimilar to the cryptocurrency meme-coins.

Billy Markus and Jackson Palmer created DOGE as a parody of bitcoin (BTC) that offered the general public a welcoming entry point into the realm of cryptocurrencies. Given the historical ambiguity and mistrust surrounding cryptocurrencies in general, it worked well to demonstrate to the general public that they don’t have to be taken seriously.

Although DOGE was started as a bit of a joke, in the end, it had the backing of people like Elon Musk and Snoop Dogg – driving its notoriety further in huge leaps. Eventually, seeing a rise in value that exceeded 14,000%!

Where does Shiba Inu come into this?

DOGE opened the door for many different takes on crypto, including Mona Coin, Tiger King, SafeMoon, and Shiba Inu.

$CAT is one of the most interesting to look at face value because it was created after the huge smash hit Netflix series and the TikTok Carole Baskin parody songs. It was Carole Baskin herself that launched the $CAT. Unlike others, you can’t buy this currency, but you can use it to buy online experiences and merchandise – but it’s not for investing in.

MONA is another interesting case; while it was launched in 2013, it isn’t as popular as Shiba Inu at all – however, it is predominantly used in Japan and has a huge $134 million market value. MONA is even more special because it was approved by Japan’s Financial Services Agency and is accepted as a payment in-store, land-based, and on the internet.

It creates blocks in 1.5 minutes, which is much faster than bitcoin’s 10-minute creation time.

Shiba Inu is potentially the most successful breakout. The Shiba Inu as a dog was doing serious rounds on the internet, increasing in popularity ten-fold. Shiba Inu has been labeled as the Dogecoin killer, and while you wouldn’t want to see the coin tank, it makes it more interesting for investors looking for something new.

When it comes to crypto, it is typical for the creators to be anonymous so Ryoshi being a pseudonym has no negative impact on the explosive popularity.

Its market cap is around $7 billion (£4.9 billion), and there are close to 400 trillion coins in circulation. It was designed after DOGE. It has also been referred to as the “Dogecoin killer,” but analysts doubt its price will rise significantly.

For example, according to Digital Coin Price, SHIB will only increase to $0.00004607 by the end of 2025. In addition, despite SHIB’s rapid recent development, many analysts think it will be a while before it hits the $1 threshold.

Toon Finance #1 ICO

In just the first week itself, Toon Finance Coins sold out over 3 million dollars worth of TFT Coins.

Just like Shiba Inu revolutionized the meme-coin, TFT is disrupting the market again. And it has been predicted to surpass the explosive runaway success of Shiba Inu with relative ease. Since TFT offers a unique combination of gaming, huge NFT drops, and is only on its second round of presales, the capability is huge.

Most investors want something interesting, unique, and a strong projection. The success of both DOGE and Shiba Inu means the market is primed for something else. Toon Finance is unquestionably a fantastic choice for those searching for an early investment opportunity while the coin is still in the presale period. Additionally, TFT is hosting an airdrop giveaway for their members that will feature 10,000 adorable cuddly NFTs.

One thing that makes presale so interesting is that it offers a low-risk way for people to purchase crypto. Early investors shape the project’s future and give a key indicator of the success that can be expected when the coin goes live.

With the project finally ending its presale after several months of preparation to ensure the project and beta testing came out flawlessly, cryptocurrency experts have referred to Toon Finance as the most well-known and successful ICO to date.

The popular coin is Toon Finance Coin, which takes inspiration from adorable, cuddly cartoon creatures. A group of industry experts and blockchain engineers created this DEX application platform to address the externality surrounding the need for P2E gaming by securing a P2E metaverse with SHA256 encryption protection.

It just started its initial coin offering, which pre-sold more than half of the total coins. In total, there are more than 1 billion Toon Finance Coins.

The ICO saw frenzied subscriptions from traders, investors, gamers, and fans.

Media coverage is ramping up, and TFT is set to be the runaway success of 2022 and leave Shiba Inu in the dust by December.

Toon Finance / TFT Twitter / Toon Finance Telegram / Toon Finance Presale

The Nigerian Naira Is Rising Against The US Dollar

By
Ndubuisi Ekekwe
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0

Fake news is bad but fake news could be strategic under national security. As you read Russian and Ukrainian news sites, one thing is clear: disinformation, misinformation and fake news are all parts of warfare. The smartest fake news for me ever was the one the Iranian government offered to its citizens when a US drone killed an Iranian general in Iraq.

Iran “responded” by firing missiles to a US base in Iraq. It then went on air in Iran to claim that it killed dozens of US soldiers, serving “justice” for the general. The Iranian citizens believed and jubilated; calm returned. It was all fake news as the missiles did not get to the base, and also, Iran informed Iraq that it was about to fire them, and told everyone to clear the area.

Why this? The Nigerian Naira is rising against US dollars on a solid rumour: “The improved supply has been attributed to market speculation bordering on unconfirmed reports that the U.S. is ramping up dollar notes printed before 2021, to mitigate the amount of dollars in circulation – a step similar to the one taken by the Nigerian government.” As a result, many people do not want to touch old US dollars, reducing demand and with that, the Naira is rising.

Fundamentally, nothing has changed. But no matter what, we need to be happy that Naira is getting some help – rumour or not. It has come down from 1,000/$ to about 680/$ now. I hope it goes down to  N200/$ so that we can do reverse osmosis.

This triggered the jump of other currencies, particularly the yen, which has dropped 22% against the dollar this year, and the pound. The yen gained about 1.6% against the dollar, while yuan rose by as much as 1.3% to hit its highest in over a month against the dollar. The pound rallied 1.1% against the dollar to $1.1839, while the euro moved up to 1.5% to $1.0356, its highest since August.

But the naira gained far more than other currencies due to improved dollar liquidity in Nigeria’s FX market. The improved supply has been attributed to market speculation bordering on unconfirmed reports that the U.S. is ramping up dollar notes printed before 2021, to mitigate the amount of dollars in circulation – a step similar to the one taken by the Nigerian government.

BDC operators said there has been an uptick in dollar supply and low demand in the parallel market as dollar hoarders hurry to sell off their stockpile to avoid getting caught in the rumored U.S. plan.

Comment on Feed

Comment 1: What I want to know sir is why euro and pounds are also increasing? I feel the demand for dollars is far more higher than them so dollar should increase alone or at least increase more than them.

My Response: “What I want to know sir is why euro and pounds are also increasing? ” because there is no rumour that Brussels and London are planning to change/mop currencies. Only USD has that rumour now and that is why it is struggling. Your comment confirms the ascension is not based on any fundamental, otherwise Euro, GBP and USD will rise/fall in sync.

Comment 2: Thanks Prof as always, but I love this kind of fake news, because the fall was just too much.

Naira falling always weaken me despite being in the UK as we have plans to invest in Nigeria and FX has always been a concern.

Ndubuisi Ekekwe How can the government profer a lasting solution to the black market to restore some sanity to the Naira?

My Response: “How can the government profer a lasting solution to the black market to restore some sanity to the Naira?” – the strength of Naira comes from warehouses and factories. So, we need to have them in Nigeria.

Comment 3: Maybe our FG should approach the US Feds with an express proposal: volunteering to pay for dollar redesign. This would be much cheaper than spending billions of dollars fighting to defend the naira. Just pay for dollar redesign, and all the dollars hidden by Nigerians in raw cash across the globe will come outside. Who knows, naira could exchange for N250 for a dollar, and we will all live happily ever after.

Our exchange rate is never real, what is even real in Nigeria? You can still spot fake humans here, fake petrol subsidy payment, fake politicians, fake population figures. A strange land filled with lots of strange people.

Let the rumour continue, it’s a very positive rumour for our sorry naira.

Comment 4: My neighbor went to the bank last week to deposit some dollars into his domiciliary account. The notes below 2021 were rejected. Were banks acting on this speculations too?

Comment 5: Never sustainable in the long term. This is a perfect market and information is not assymetrical in any way.

Once the information is cleared, the market may resume it’s bullish roar. The govt needs to remove the bottlenecks.
Importation of fuel products must stop. Subsidy must go. The president must lay good example by not encouraging medical tourism. If we don’t remove those factors that exert pressure on Forex, in the long run it will still be status quo.

U.S. Dollar Drop and other Factors Driving Naira’s Comeback

U.S. Dollar Drop and other Factors Driving Naira’s Comeback

By
Samuel Nwite
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0
Nigeria Naira US Dollar

Embattled Nigerian currency, the naira, has made a surprising comeback in the parallel market, gaining more than 22% to bounce back from its disastrous plunge in the past weeks.

The naira traded at about N680 per dollar on Friday, indicating over 25% gain compared to the N900 per dollar it recorded in the past weeks, though it moved up to N711 per dollar on Saturday, according to Naira Rates, an online forex rates aggregator.

So many factors have been attributed to the naira’s appreciation in the black market, particularly the move by the Central Bank of Nigeria (CBN) to redesign N200, N500 and N1,000 notes. The move is believed to have triggered mixed reactions in the market as those who stashed cash away hurry to convert them to foreign currencies or put them back in the banks before the CBN deadline.

The central bank has given until Jan 31, after the release of the redesigned naira notes – which will take place Dec 1, for the old naira notes to be returned to the banks’ vaults.

The CBN said N2.73 trillion out of the N3.23 trillion currency in circulation was outside the vaults of commercial banks across the country. The belief is that forcing the hoarders to return the cash to the banks will minimize the amount of money in circulation, thereby mitigating inflation.

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), launched a large-scale operation to halt attempts by the naira hoarders, who were alleged to be cutting deals with Bureau De Change operators, from converting their stashed cash to foreign currencies.

However, while many fingers point to these factors as the reason behind the recent upsurge of the naira, financial experts say events in the U.S. have more bearing. Dollar fell significantly on Friday in what has been described as its biggest drop in 14 years. The drop follows the 7.7% year-on-year rise of consumer inflation, which beats the projected 8% by analysts, marking the slowest rate since January, according to data published on Thursday.

Reports indicate that the dollar staged its biggest drop since late 2015 on Thursday as Treasury yields plunged. The dollar index was down nearly 1.7%, and has lost more than 3% in the last two days – indicating the biggest two-day decline since March 2009, per CNBC.

This triggered the jump of other currencies, particularly the yen, which has dropped 22% against the dollar this year, and the pound. The yen gained about 1.6% against the dollar, while yuan rose by as much as 1.3% to hit its highest in over a month against the dollar. The pound rallied 1.1% against the dollar to $1.1839, while the euro moved up to 1.5% to $1.0356, its highest since August.

But the naira gained far more than other currencies due to improved dollar liquidity in Nigeria’s FX market. The improved supply has been attributed to market speculation bordering on unconfirmed reports that the U.S. is ramping up dollar notes printed before 2021, to mitigate the amount of dollars in circulation – a step similar to the one taken by the Nigerian government.

BDC operators said there has been an uptick in dollar supply and low demand in the parallel market as dollar hoarders hurry to sell off their stockpile to avoid getting caught in the rumored U.S. plan.

Social Media Platforms Benefitted From Twitter’s Acquisition Upheaval – Reports Reveal

By
Ojukwu Emmanuel
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0

Following the events that ensued after Elon Musk opted out from acquiring Twitter for $44 billion, reports reveal that several other apps benefited from the upheaval.

Alternative micro-blogging platform Mastodon which has similar features to Twitter witnessed a massive influx of users.

According to the founder and CEO Eugen Rochko, he disclosed that the app recorded 120,000 new users in four days while hitting a milestone of 1 million active users after more than half a million users joined the platform on October 27th when Twitter’s deal was closed.

Also, Mastodon witnessed approximately 322,000 installs from U.S. app stores in the first 12 days after the acquisition deal, which was more than 100 times the 3,000 it saw in the prior period (Oct. 15 through Oct. 26).

The platform is no doubt buzzing with its newfound fame. On one of the channel’s more popular servers, “climate justice social,” users have referenced a “Twitter migration” and claimed thousands of users have recently joined the server.

Following the massive migration of Twitter users to the alternative platform, it however didn’t sit too well with Musk who took to his Twitter platform to say, “What do you call someone who is a master at baiting? If you don’t like Twitter anymore, there is an awesome site called Masterbatedone.”

Meanwhile, Mastodon isn’t the only app that has benefitted from Twitter’s acquisition upheaval, reports reveal that apps such as Tumblr, Metatext, Tootle, and Counter Social have witnessed a significant increase in their number of users.

Tumblr saw more growth in the U.S. than globally, where the app saw an adoption increase of 96 percent to 92,000 from 47,000 when comparing the two periods. Worldwide installs on the other hand, surged 77 percent to 301,000 from 170,000.

Metatext and Tootle also saw a bump when comparing the two periods, climbing from less than 1,000 installs each to 19,000 and 7,000 worldwide downloads, respectively.

Also, Alternative social app CounterSocial grew 2,300% to 24,000 installs in U.S. app stores in the 12 days following the acquisition, and grew 3,200% globally, with 33,000 installs.

Although, it hasn’t been that bad for Twitter as the app also witnessed an increase in its average usage, which saw it witness 17% installs after Musk acquisition.

However, despite these gains, Musk’s new policies and recent changes on the platform hasn’t sat so well with a lot of users as there are predictions that there might still be a possible migration of users to other alternative platforms. Time will tell whether these trends observed so far will persist or normalize.

NETFLIX Invests N9 Billion In Nigerian Film Industry To Boost Quality of Content

By
Tiamiyu Ismail
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0

NETFLIX, America’s subscription streaming service and production company, has said it has invested 9 Billion Naira in Nigeria’s film industry between 2016 and 2022.

This was made known during the second Nigerian digital content regulation conference which held in Lagos on Friday, November 11, 2022.

The event was attended by stakeholders  in the local and international streaming services, independent producers, Free-To-Air, Pay TV Operators, Telcos, content creators and other operators in the film industry, the vanguard reported.

Speaking at the event, Ms Shola Sanni, Director of Public Policy for sub-Saharan Africa, Netflix was reported to have said the investment were targeted towards converting local film tittles, capacity building and infrastructure development in the industry. She said Netflix had invested in over 200 local licensed titles, coproduced and commissioned original film content, noting that 125 films and TV series are available on Netflix as at November 2022. Ms Sanni made the following remarks:

“We love Nigeria and believe in it and that is why we are investing in the Nigerian film industry to entertain Nigerians and the world with the best in-class stories from the country.

” we are poised to tell stories that are not only interesting in Nigeria but in other 189 countries where Netflix is present” she said.

Also gracing the event, Alh. Adedayo Thomas, the Executive Director of the National Film And Video Censors Board (NFVCB) noted that the conference which started in 2021, was geared toward bringing balance and equity to the ecosystem especially regarding the disruption of the digital era. According to him:

“The overall goal of this conference is to create a platform for robust dialogue between the government, through the regulator and the Video-on-Demand (VOD) platforms.

“This is led by the Over-The-Top Streamers, as the government strives to oversee, monitor, moderate and balance the digital phenomenon for all players.

“As the shift from traditional to digital content consumption and the operations of local and international Over-The-Top (OTT) streaming services continue to impact on the growth of the local film industry in Nigeria.

“It has become imperative to convene the second edition of this conference,” he said.

Mr Thomas commends NETFLIX and other key stakeholders and sponsors for extending a hand of partnership in the industry.

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