Tag: Token

SEI What? Token Rules Top 100 Listing With 80% Rally

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The SEI token from the Sei Network has witnessed a remarkable 80% increase in value in the past week, as most of the leading cryptocurrencies drown in red amid wild speculations about the approval of a Bitcoin ETF by the US Securities and Exchange Commission that wobbled the market. SEI’s strong performance today has put its governance token at the top of the crypto 100 listing on Coingecko. The coin’s rally has been driven by the growing adoption of Ethereum Virtual Machine-compliant blockchains and the implementation of parallelization processes. An EVM,…

Bitcoin up 7%, this BTC mining token also posts gains

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin has opened 2024 strongly, adding 7% in the last 24 hours. When writing, it is trading at $45.3K, the highest price in 21 months. Meanwhile, the newly launched presale token Bitcoin Minetrix is also surging after raising $7.2 million. Bitcoin surges amid growing spot ETF approval optimism Mike Novogratz, CEO of Bitcoin spot ETF applicant Galaxy, just released a cryptic tweet. The tweet has been seen 110K times…

Wild Trading Session Sees Tellor’s TRB Token Slide From $720 to $180 in Hours

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PancakeSwap Community Votes to Cut CAKE Token Supply by 300M

A staggering 98% member of the PancakeSwap community voted in favour of reducing the CAKE supply by 300 million resulting into a strong surge in the CAKE price. PancakeSwap, a prominent decentralized exchange, has successfully concluded a proposal to reduce the maximum supply of its native token CAKE from 750 million to 450 million, garnering nearly 98% of votes in favor. The multi-chain decentralized exchange initiated the voting process on Thursday, presenting a proposal to decrease CAKE’s maximum token supply. Also, the voting period has concluded, revealing a decisive 97.88%…

Decentralized Exchange Altcoin Soars Nearly 70% in a Week Amid Massive Support for Proposed Cuts in Token Supply

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One decentralized exchange (DEX) platform is skyrocketing as its community shows overwhelming support for its proposed supply cut of tokens. In a new proposal, over 97% of the community members of decentralized crypto exchange PancakeSwap (CAKE) voted to lower the digital asset’s token supply to a maximum cap of 450 million. “Now that CAKE has achieved consistent deflation for several months and is focusing on accelerating our journey to ultrasound CAKE, this proposal aims to reduce the CAKE token’s total supply to a maximum cap of 450 million CAKE. With…

PancakeSwap Community Votes to Reduce CAKE Token Supply

PancakeSwap put forward a proposal to reduce the maximum supply of its native CAKE token from 750 million to 450 million. One of the unique things about the crypto industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). As such, their users get a say in the decisions made by these organizations and can have their voices heard. A recent example of this was with the decentralized crypto exchange PancakeSwap. The DEX recently put forward a proposal to reduce the supply of the popular CAKE…

BNB, Polygon among top gainers, new mining token also rallying

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BNB and Polygon are firm, while most other projects are in red. BNB is up 8.98%, while Polygon is up 20.86% in the last 24 hours. Meanwhile, the new mining crypto Bitcoin Minetrix (BTCMTX) is also seeing notable gains as its presale surges past $6.2 million. After consolidating, BNB, and Polygon have started to gather momentum, while recent top performers like Solana and Avalanche are cooling down. BNB and…