Cryptocurrency markets continue to follow a volatile course on March 5, 2024. In the last 24 hours, leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have risen and are pushing record levels. Overall, most altcoins are seeing significant gains. These fluctuations are caused by various news and developments. In this news, we will share with you the most important developments affecting the cryptocurrency markets. We will examine news such as meme coin announcement from BakerySwap, NVIDIA agreement from NFPrompt (NFP coin), OKX Ventures’ investment in BounceBit, Mantra’s OM token rise and DWF Labs’ TokenFi investment.
Critical developments for BakerySwap and NFP coin
Binance-backed DEX BakerySwap, the world’s largest cryptocurrency exchange, announced its first meme coin, IQ50, on its Launchpad. This coin, which was issued purely for entertainment purposes, does not have any benefits or team. 80% of IQ50, whose total supply is 505 billion, will be distributed to investors. BAKE experienced a 5 percent increase.
On the other hand, NFPrompt (NFP) announced that it signed an agreement with NVIDIA after Binance Labs and Google. By joining the NVIDIA Developer Program, NFPrompt aims to develop the AIxWeb3 dApp and provide cutting-edge tools for users. cryptokoin.com As we reported, NFP coin partnered with Google last week. Currently, NFP has experienced an increase of nearly 10 percent.
BounceBit investment from OKX Ventures and rise in Mantra’s OM token
OKX Ventures, the Web3 technology firm investment arm of leading cryptocurrency exchange OKX, has invested in BounceBit, which focuses on Bitcoin repurposing infrastructure and solutions. BounceBit generated $510 million in TVL in its first month.
Blockchain and DeFi platform Mantra’s native cryptocurrency OM increased by 36% with the announcements. News such as Mantra’s PoS-based second layer, Hongbai’s airdrop distributing testnet, and the update to the staking model form the basis of this rise.
DWF Labs sent TOKEN flying with investment news
DWF Labs’ plan to purchase $10 million worth of tokens quickly increased the TOKEN price of the TokenFi token by more than 20%. TOKEN is currently trading at $0.06783. Cryptocurrency markets have been quite volatile lately. These fluctuations present risks and opportunities for investors. It is important for investors to follow the developments in the market closely and make informed investment decisions.
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