Tag: Token

PROS token spikes 145% after Animoca Brands announcement

The price of Prosper token has skyrocketed more than 145% in the past 24 hours after blockchain and game software company Animoca Brands announced it will purchase more of the platform’s native token. On Oct. 9, Animoca Brands revealed its plan to acquire more PROS tokens, with these purchased on the open market. Animoca Brands is a top investor in the web3 market, with its portfolio including crypto and blockchain projects such as Yuga Labs, Axie Infinity, Magic Eden, Polygon, OpenSea, and Dapper Labs, among others. The market reaction saw…

Crypto’s Token Lockup Orthodoxy Is a Scam

The dominant model of token distribution in the crypto space these days is the so-called “low-float, high FDV” launch. In this model, projects launch with a low fraction of the total supply in circulation, where most of the supply is locked, typically unlocking gradually after a year. This low circulation is often coupled with, and perhaps even explicitly designed to encourage, a high fully-diluted valuation. According to research by CoinGecko, today nearly a quarter of the industry’s top tokens are low float. Notable recent launches which used this model include…

DOGS token price prediction 2024-2030

The canine-themed meme coin DOGS has been gaining traction in the crypto community with its volatile price swings. Recent events involving DOGS, like its Token Generation Event (TGE) and listing on top crypto exchanges, have led to increased brand awareness and popularity for the token. What is this token all about, and what does the future hold for its price? Find out in our DOGS token price prediction. What is DOGS? In July 2024, a new meme coin project called DOGS launched on the Telegram messaging app, featuring Spotty the…

Optimism, Aptos, And Taiko Face $169.66 Million In Token Unlocks, Should You Buy Or Sell?

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Este artículo también está disponible en español. The cryptocurrency market is gearing up for a major event as Optimism (OP), Aptos (APT), and Taiko (TAIKO) prepare for token unlocks collectively valued at $169.66 million. According to data from TokenUnlocksApp, millions of dollars worth of cryptocurrencies will flood various ecosystems this week, which could further amplify the prevailing selling pressure. Of these cryptocurrencies, Aptos (APT) dominates the token unlocks, with almost $100 million worth of APT set to be unlocked in the next seven days. Explaining The Token Unlocks Token unlocks…

Bitget Token (BGB) Tumbles 52% on ‘Market Sluggishness,’ Crypto Exchange Says, While Promising Compensation

Flash crashes aren’t unusual in cryptocurrencies, although it is often difficult to explain why many holders of an asset suddenly decide they want to sell. In BGB’s case, the catalyst was likely “overall market sluggishness” stemming from holidays and Golden Week in Asia, among other factors, said Ryan Lee, chief analyst at Bitget Research, in an email. Source

Lido (LDO) Faces Massive Correction As Token Losses Mount To 20%

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The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment. The market has not been faring any better as it lost nearly 2% in value, wiping nearly $800 million in market cap in the past 24 hours.  Lido’s development persists despite the market’s apparent bearishness, the most recent of which might drive retail interest on the platform sky-high.…

RENDER: ‘Uptober’ May Come Late As Token Loses 13% 

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Render (RENDER) underperforms in the face of the market’s current pullback, resulting to the token experiencing a strong pullback in the past couple of days. According to CoinGecko, RENDER fell by nearly 13% since last week, putting into perspective the bearishness that overcame the market’s bulls in the start of October. Although the market fell by a small margin, it caused a massive liquidations of both long and short positions holding the token. For Render, “Uptober” might come later this month as the token recovers lost ground against the bears.…

Memebet token presale surpasses $360K

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Memebet token presale has surpassed $360K as excitement grows for the first memecoin casino, offering exclusive benefits to holders. The Memebet token (MEMEBET) presale is starting to explode – it just surpassed the $360K total raised mark. Building the first-ever memecoin casino, Memebet merges the virality of joke tokens with the proven business model of crypto casinos. It’s a blueprint that benefits MEMEBET holders, who have exclusive access…

Bitcoin hits 62k as FTX token, Beam, Shiba Inu soar after US adds 254k jobs in September

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Bitcoin and other altcoins held steady after the Bureau of Labor Statistics published encouraging September nonfarm payrolls data. US nonfarm payrolls rebound Bitcoin (BTC) rose slightly to $62,500 while Solana (SOL) jumped by 3% to $140. FTX Token (FTT) was the best top-100 cryptocurrency as it jumped by 20%. It has risen by over 80% from its lowest level this month. Shiba Inu (SHIB), the second-biggest meme coin in the industry, was the second best-performing currency, rising by 10%. The other top performers were AAVE (AAVE), Beam (BEAM) and Celestia…