Tag: storm

  • JasmyCoin rallies 295% as Bitcoin Dogs take the crypto stage by storm

    JasmyCoin rallies 295% as Bitcoin Dogs take the crypto stage by storm

    • Regulatory reforms in Japan boost JasmyCoin’s bullish sentiment.
    • Bitcoin Dogs introduces unique gaming and social experience in the canine crypto world.
    • Bitcoin Dogs’ 0DOG token presale is underway with limited supply.

    JasmyCoin (JASMY) and Bitcoin Dogs have recently made headlines with their remarkable performances.

    JasmyCoin, Japan’s leading cryptocurrency project, has witnessed an impressive surge in value, while Bitcoin Dogs, a new innovative platform on the Bitcoin blockchain, is grabbing attention with its unique features and the ongoing 0DOG token presale.

    Let’s delve into the details of these crypto phenomena and explore whether they present enticing investment opportunities.

    JasmyCoin’s meteoric rise: a tale of bulls and whales

    JasmyCoin’s recent price rally has left the crypto community buzzing. Over the past week, JASMY has experienced a staggering 199% surge, reaching $0.01863, marking a remarkable 265% growth in the last month.

    JasmyCoin price chart

     

    This surge is not just a short-lived hype; it’s a result of strategic moves by influential stakeholders, colloquially known as “whales.”

    These whales, who have been accumulating JASMY since October 2021, have been withdrawing significant amounts of JASMY coins from exchanges with a majority of it seemingly flowing into Binance.

    These moves not only triggered market sentiment but also demonstrated a continued interest in JASMY despite market fluctuations.

    The bullish sentiment surrounding JasmyCoin is further fueled by Japan’s regulatory reforms, notably the approval of venture capital investments in crypto projects. As Japan takes steps to make direct investments in cryptocurrency projects more accessible, JasmyCoin stands to benefit, solidifying its position as the country’s largest crypto project.

    Bitcoin Dogs: innovation in the canine crypto world

    While JasmyCoin dominates the Japanese crypto scene, Bitcoin Dogs is making waves on the global stage with its groundbreaking approach. Billing itself as the “First Ever ICO on the Bitcoin Blockchain,” Bitcoin Dogs is not just a cryptocurrency; it’s a playful universe where dog lovers and crypto enthusiasts converge to trade, collect, and have a good barking time.

    Bitcoin Dogs introduces a unique gaming and social experience in its immersive Dogaverse metaverse where users can feed their virtual dogs, engage in social interactions with ripple effects, and challenge others to PvP Duel Races, enhancing the overall play-to-earn dynamics. There is also the 10k Ordinals NFT Club that caters to both casual admirers and devoted enthusiasts, offering a variety of collectibles to parade, collect, and trade.

    The roadmap for Bitcoin Dogs unveils exciting milestones, from the Grand Opening and BRC-20 claims to the launch of the metaverse and strategic partnerships in the coming quarters. Its native token, 0DOG, is currently in its presale stage, with a limited supply of 900 million tokens.

    At press time, the presale had raised over $3.450 million in just seven days. The 0DOG token is going for $0.0198 in the current presale stage though it is expected to rise to $0.0224 in the next presale stage, which is just a day away. To take part in the presale, visit the Bitcoin Dogs website and purchase your 0DOG tokens.

    Are JasmyCoin and Bitcoin Dogs good investments?

    As the crypto landscape continues to evolve, the question arises – is it a good time to invest in Bitcoin Dogs and JasyCoin?

    Well, JasmyCoin’s surge aligns with both market dynamics and regulatory changes in Japan. The positive sentiment is evident, fueled by increased trading volume and a growing market capitalization. Investors eyeing JasmyCoin may find the current market conditions conducive to potential returns.

    On the other hand, Bitcoin Dogs’ innovative approach, coupled with the growing interest in play-to-earn gaming and NFTs, positions it favourably. However, potential investors should carefully evaluate the project’s whitepaper, understand the risks associated with the ICO, and consider the overall viability of the gaming and social features.



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  • AI-powered meme token taking crypto by storm

    AI-powered meme token taking crypto by storm

    • Shiba Memu is looking to dominate the meme coin sector with a pioneering AI-powered utility token.
    • The concept behind this robot meme with a touch of AI genius is what could astound the legacy meme coins space.
    • SHMU presale has raised more than $356k in less than a week.

    Talk of meme coins today and what’s likely to pop up in front of you would be the latest Shiba Inu dog meme dubbed Shiba Memu (SHMU).

    Granted, Dogecoin (DOGE) and Shiba Inu (SHIB) sit pretty in the upper deck of the market cap ranking, their status as top meme dogs not under immediate threat. But is there a hint of investor focus shifting to a new project that promises to bring the best of two technology worlds together in an explosive marketing powerhouse?

    The SHMU presale, which can be accessed here, suggests this scenario could indeed surface.

    What is Shiba Memu?

    Today’s biggest trends are crypto and artificial intelligence (AI) – and raring to go amid the exuberance is Shiba Memu. So the question one might want to ask is ‘what is Shiba Memu?’

    As briefly noted earlier, Shiba Memu is a new, revolutionary meme token that combines the power of blockchain and AI. While the meme token possesses all the attributes of memenomics, it comes loaded with “new tricks” that could see it become an unstoppable marketing powerhouse.

    It will run on both ERC20 and Binance Smart Chain networks.

    How does Shiba Memu work?

    AI tools can do wonders when it comes to tapping into machine learning and natural language processing (NLP), the reason it’s such a hot topic even in the mainstream tech industry.

    Shiba Memu taps into this to replace the human effort that traditional meme tokens employ to gain traction. Instead, the whitepaper outlines a self-sufficient marketing platform powered by the native SHMU token.

    At the heart of all the marketing will be an AI dashboard accessible and visible to all token holders. It will use NLP and ML as well as sentiment analysis, predictive analytics, image and video recognition and personalization (think of how effective ads marketing has become and tinker with that using an AI-powered dog that’s capable of so much).

    Some of the things the meme can achieve include creating marketing strategies, writing own PRs, and promoting itself over and over again. Leveraging AI means the project can outperform tabloid newspapers when it comes to getting content across for the purpose of attracting even more attention.

    Other than churning “gazillions” of data and marketing details about the project, the robot meme dog will also monitor its own performance and adjust for optimized output. Engaging with users directly is another strategy of this project, the result of which could be increased visibility and trust in the token and potential uptick in specific demand for SHMU.

    Shiba Memu presale

    The roadmap for Shiba Memu includes the launch of the above-mentioned AI dashboard in Q1, 2024. The platform will also implement user engagement features such as feedback and integrate social media platforms to boost marketing.

    Development of the project will continue throughout the first half of the year, with listing on major exchanges expected in Q3, 2024. These future developments are however preceded by a token presale that will see 85% of total supply of 1 billion SHMU available to early investors.

    It’s barely a week into that presale and investors have allocated over $356k into the project, with more than 25.7 million SHMU grabbed. Investors know that participating in the presale is one of the ways to get hold of Shiba Memu at greatly discounted prices.

    One major difference between the Shiba Memu presale and similar token sales is that this one is open-ended and is scheduled to last 8 weeks. During this time, SHMU’s price will increase every day at 6pm GMT. 

    The current presale price is $0.012475 and the next uptick will see it rise to $0.0127. It will double from here every time it increases until it reaches $0.0244.

    How do you buy Shiba Memu tokens?

    There’s only one way to buy SHMU during the presale – visit the project’s website. The project will go live on both the ERC20 and BSC networks. This means buying is available via ETH, USDT, BNB, and BUSD and one will need to have a supported wallet.

    Currently, that’s MetaMask for desktop users and Trust Wallet when buying on a smartphone.

    After the presale and when tokens go live, earning SHMU will be possible via providing liquidity on a DEX and get rewarded in transaction fees. Another way to get hands on more of these meme tokens would be through buying on exchanges or staking to earn rewards.

    Do you want to know more about Shiba Memu? Click here.

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  • Its the calm before the storm in crypto markets

    Its the calm before the storm in crypto markets

    Key Takeaways

    • Crypto volatility has come down and extreme on-chain activity subsided in period of relative calm
    • Several concerning developments around Genesis, Gemini and DCG are still ongoing, however
    • Volatility could also spark up once the US inflation data is revealed this week
    • Period is reminiscent of the low drama environment pre-FTX in October 

     

    After a tumultuous rollercoaster following the shocking demise of FTX, a period of notable serenity has descended upon cryptocurrency markets. 

    With 2022 being a complete and utter bloodbath, it almost feels suspicious that there is even a couple of weeks of low drama in the digital market space. 

    But the metrics show that the last few weeks have been among the quietest of the last couple of years. Given the fear of contagion that transpired out of FTX’s collapse, that is a good thing. 

    Fear still elevated in crypto circles

    Having said that, there is plenty to be concerned about right now. As Coinbase CEO Brian Armstrong stated yesterday when he announced Coinbase was cutting an additional 20% of its workforce, there are likely “more shoes to drop” and there is “still a lot of market fear” out there. 

    Crypto lender Genesis last week laid off 30% of its workforce and is reportedly mulling bankruptcy. Crypto exchange Gemini, founded by the Winklevoss twins, has $900 million of customer assets stuck in limbo with Genesis, its sole lending partner for its Earn product. 

    The twins have demanded Barry Silbert, CEOP of Digital Currency Group (DCG), which owns Genesis, to step down, accusing him of defrauding Gemini Earn customers. 

    DCG fired back, calling it “another desperate and unconstructive publicity stunt from Cameron Winklevoss to deflect blame”. It also affirmed it was “preserving all legal remedies in response to these malicious, false, and defamatory attacks).  

    DCG is also the parent company of the Grayscale Bitcoin Trust, which has seen a massive discount to its net asset value, peaking at 50% in the aftermath of the FTX collapse as investors questioned whether reserves were safe (I wrote about GBTC yesterday).  

    Markets stand firm for now

    For now, while all these episodes play out, the markets are standing firm. Action has been relatively muted, and in fact there has been a tangible return to normal levels for a lot of on-chain activity that went wacky over recent periods. 

    The below snapshot shows the net transfer volume in and out of exchanges. Since the start of the year, the action has been tepid, having spiked to extreme levels in November and December as first FTX collapsed and then the questions spiked about the health of Binance

    This notion that activity has returned to normal is reinforced when looking a the volatility of Bitcoin. The world’s biggest cryptocurrency has been trading sideways for a while now, and the 30-Day Pearson measure of volatility shows how there was a perceptible drop back down to pre-FTX levels in December. 

    Macro climate looking more optimistic

    It hasn’t just been a respite from within crypto circles. The broader macro environment is looking at least a bit brighter today than it did last month. Inflation is still rampant, but there have been two consecutive readings below expectation, and there is renewed hope that it may have peaked.

    The most recent round of interest rate hikes kicked rates up 50 bps as opposed to 75 bps in the two prior months, and while Fed chair Jerome Powell and other central bank chiefs have affirmed that rates will continue to rise until inflation is conquered, the market has moved cautiously upward after European inflation came in at 9.2%, compared to 10.1% last month.

    Next up is the US CPI reading on Thursday, which will – as always – be a vitally important day in markets. Expect volatility in crypto markets as coins stare at the number to try to assess what Jerome Powell may do with regard to interest rate policy.

    After all, we know by now that crypto is very much holding the stock market’s hand – apart from when, you know, high-profile executives are revealed to be fraudulent (FTX), or top 10 coins cease to exist (LUNA).

    Never a dull moment for long in crypto

    Back in late October, Bitcoin was seemingly locked in crab motion around $20,000. With traders getting impatient, I warned how crypto could be one event away from a nasty downward wick. T

    Three weeks later, FTX collapsed. I never imagined this would happen, and the timing was coincidental, but the premise of the piece reminds me of how I feel now. It’s amazing how short memories are in markets, but we have been here before.

    Crypto won’t stay silent for long, and the asset class is far from out of the woods yet. The aforementioned ongoings around DCG, GBTC, Genesis and Gemini are just a few of the million things that could turn south at any moment.

    There is also the story around Binance chief Changpeng Zhao being under investigation for money laundering offences by the SEC, there is Coinbase laying off 20% of its workforce following a 905 drawdown in its share price, and God knows what will come out of testimonies in the Sam Bankman-Fried court proceedings.

    And then there is macro, where anything could happen to inflation, the Russian war in Ukraine or myriad other variables. It’s been a quiet couple of weeks but don’t worry – the madness will return soon.

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