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DogWifHat (WIF) Bullish, Ordi (ORDI) Plummets, KangaMoon (KANG) To List By Q2 of 2024

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As the momentum continues to shift from the bearish correction to the proper bull market, crypto tokens are showing diverse performance. While DogWifHat (WIF) has maintained its bullish sentiment with the price crossing the $3 mark, Ordi (ORDI) is wallowing in the downtrend, losing consistently in the past month. Meanwhile, the KangaMoon (KANG) presale is billed to come to an end in a few months with the top meme coin expected to hit exchanges by Q2 2024.

 

KangaMoon (KANG) To Hit Exchanges By Q1 2024

 

With DogWifHat sustaining bullish momentum and Ordi plummeting, KangaMoon is racing on as a top meme coin in the market. With its unique blend of the SocialFi model with elements of play-to-earn gaming, KangaMoon comes up as a unique meme coin innovation ready to slug it out with established meme coins for glory.

The platform creates connections between players, enabling them to showcase their prowess and rewarding them for their time and energy. Spectators are also rewarded with prizes and giveaways when they predict the result of a game correctly. The KangaMoon project is at the 4th stage of presale and has raised more than $3.4M, indicating the heightened investors’ interest in the project.

Notably, the platform utility token KANG has moved from $0.0050 to $0.014 in the past few weeks, giving early investors a 180% ROI. Holders of the token can also earn additional free tokens by participating in community activities such as commenting on posts and sharing tweets aimed at promoting the project online. 

Users will get a 10% bonus when they buy the token now. The KANG listings across exchanges are scheduled for the second quarter of 2024 and analysts forecast a 50x rally in the coming months. By investing early in KangaMoon, traders can use little funds to get a big return from the $200B NFT market. With the bull run coming up, KangaMoon is one of the best meme coins to buy for profit.

 

DogWifHat (WIF) Continues Winning Streak

 

Launched in November 2023 as part of the Solana-based meme coins, DogWifHat (WIF) has been one of the most stable meme coins since its inception. DogWifHat was trading at $0.0677 just 3 months ago but has moved exponentially to more than $3 in the past few days.

DogWifHat token has continued the winning streak, gaining 360% in the past 30 days and 41% in the past week based on market stats. While the odds favor a continued DogWifHat surge, investors should be aware that meme coins are highly volatile and can plummet at any time. However, with the present momentum, DogWifHat price may trade at $10 by the end of the year.

 

Ordi (ORDI) Dumps as Investors Consider Options

Unlike DogWifHat, Ordi (ORDI) has continued to dump significantly since the start of the year. In the past month, Ordi coin plummeted by 28% with the price going down from about $100 to $60. Notably, Ordi has been depleted to a $1.3B market cap which further shows the prevalence of the bear market.

 

Having attained an all-time high record of $96 on March 5, 2024, Ordi price has dropped by $34 since then. However, a combination of the buyer’s effort and the bull market can take the Ordi price above $100 in 2024.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial



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Press Release

South African Regulator Grants Approval to 59 Crypto Platforms

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South African financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from crypto platforms seeking to offer services to residents. 

During a financial conference, Felicity Mabaso, the FSCA divisional executive, revealed that the regulator received a total of 355 license applications, with 262 still pending.

In response to this influx, the FSCA set a deadline of November 30 for exchanges and cryptocurrency platforms to submit license applications or face enforcement measures. 

FSCA Commissioner Unathi Kamlana explained that the application processing is ongoing and being carried out gradually due to the high number of applications.

FSCA Uses South Africa’s Existing Regulations 

The FSCA has chosen to utilize South Africa’s existing Financial Advisory and Intermediary Services Act (FAIS) to regulate the crypto sector. 

According to Commissioner Kamlana, the FAIS provides a robust framework that covers crucial aspects of the crypto business, including user protections and enforcement actions when necessary. 

However, Kamlana acknowledges the possibility of future adjustments.

See Also: Hong Kong Approved Spot Bitcoin And Ethereum ETFs

“As we license and supervise, we will discover that perhaps there are gaps that cannot be closed by the existing regulatory framework, the FAIS Act. And we might need to build on that as we discover what those are.”

While specific details about the approved companies have not been disclosed, it is expected that the licensed entities include crypto exchanges and firms offering custody services. 

Regulatory oversight will also extend to crypto brokerage firms and payment processors involved in cryptocurrency transactions.

South Africa Considers Creating New Regulatory Framework

South Africa has been actively considering the creation of a new regulatory framework for the crypto industry since 2021. 

In 2021, the FSCA published a paper highlighting that crypto assets will be brought into the South African regulatory purview in a “phased and structured manner.”

Although the framework was initially expected to be completed by the end of 2022, the South African Reserve Bank (SARB) has already declared cryptocurrencies as financial assets rather than currencies. 

The FSCA aligns with this classification, stating that digital assets should be treated as financial products.

South Africa’s approach towards cryptocurrencies has become more proactive as adoption gradually increases. 

A survey conducted in 2017 revealed that 47% of South Africans had either invested in cryptocurrencies or expressed an interest in doing so. 

Additionally, Bitcoin wallet downloads in the country experienced a 100% increase in the same year. In 2020, crypto exchange Luno reported that South Africa had the third-highest level of crypto ownership worldwide, reaching 13%.

Meanwhile, as crypto adoption continues to rise, South African companies are actively embracing cryptocurrencies. 

Stitch, a South African payments infrastructure firm, introduced “Pay with Crypto” last year, enabling customers to use cryptocurrencies for purchases. 

Paycorp, another company, developed the CryptoExpress app, allowing individuals to withdraw crypto in South African Rands at over 3,000 ATMs.

Last week, cryptocurrency exchange Luno became one of the first firms to receive a license from the FSCA in South Africa, allowing the exchange to operate as a financial services provider in the country.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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Doctor Doge (DRDOGE) Rally Over 8,000% Within 48 Hours

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  • Doctor Doge (DRDOGE), a newly launched Solana meme coin, is set to go viral and rally over 8,000%, challenging other popular dog-themed coins, like Shiba Inu (SHIB) and Dogecoin (DOGE).

It’s not surprising that many investors who bought SHIB and DOGE early are also investing into DRDOGE in the first hours and days of it being launched.

People who invested into Shiba Inu (SHIB) and Dogecoin (DOGE) while these coins had small market caps were able to turn hundreds of dollars into millions.

Doctor Doge (DRDOGE), a newly launched Solana meme coin, is set to go viral and challenge other popular dog-themed coins, like Shiba Inu (SHIB) and Dogecoin (DOGE).

DRDOGE was launched this morning, and the meme coin is inspired by Dogecoin – one of the largest meme coins, with its market cap currently being $23.5 billion.

See Also: Solana Releases Update To Alleviate The Ongoing Network Congestion

Due to the fact that Doctor Doge only began trading on decentralized Solana exchanges like Raydium and Jupiter around an hour ago, it has a market cap of just around $16,000.

This means that DRDOGE (contract address: 8uckaPYZWDs57Lm5eeEVnx4FGJDLhXuvrmryzKj7yUvv) has the potential to turn early investors into millionaires if its market cap eventually exceeds the $100 million mark.

In the short term, DRDOGE is set to rally over 8,000% in the next 48 hours, before then targeting further gains.

Additionally, numerous listings on centralized exchanges are planned for Doctor Doge later in April, and these listings could easily propel the memecoin’s market cap to above $20 million.

So it’s not surprising that many investors who bought SHIB and DOGE early are also investing into DRDOGE in the first hours and days of it being launched.

It will be exciting to watch how quickly Doctor Doge’s price will surge in the coming days and weeks, and to see if it can become a mainstream memecoin.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Whales Are Buying Ethereum Like Crazy Amid ETH Price Drop

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  • Amid notable drop in Ethereum’s price, prominent market whales are actively buying Ethereum like crazy.

In the midst of heightened global tensions, the cryptocurrency market witnessed a significant downturn, with the TOTAL index plummeting by a staggering 17% over the weekend, marking a loss of nearly $430 billion in market capitalization. 

While this turbulence affected all digital assets, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, took a notable hit, experiencing an 18.43% decline, reaching a low of $2,852 per Ethereum.

Bitcoin and Ethereum ETFs Officially Approved In Hong Kong

However, amid the market chaos, a fascinating trend emerged – prominent players in the crypto sphere, often referred to as “whales,” showed unwavering confidence in Ethereum’s potential. Notably, large addresses were observed accumulating substantial amounts of ETH during the price drop. 

See Also: Crypto Whales Sold Holdings Before the Market Crash

Whale Activities

One such whale, identified as “0xE34,” seized the opportunity to accumulate 1,000 ETH, worth approximately $3.15 million, from Binance at the market’s lowest point. 

This particular address went on to accumulate an impressive 8,300 ETH, valued at around $25.12 million.

Furthermore, another significant player, a wallet associated with Matrixport, made a decisive move by withdrawing 16,300 ETH, amounting to a staggering $51.1 million, from Binance amid the market turmoil. 

This wallet has been consistently withdrawing ETH from exchanges since March 29, accumulating a total of 67,286 ETH, valued at approximately $228.33 million, at an average price of $3,393.

Matrixport, a prominent player in the crypto financial services sector, has been actively involved in facilitating digital asset management and trading for institutional and retail investors globally.

These substantial purchases of Ethereum during a period of market instability highlight the confidence of several major players in the potential of the leading altcoin. 

Despite geopolitical uncertainties and market volatility, Ethereum continues to maintain bullish sentiment among key holders.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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