The double-digit price rally of the day is accompanied by important news. In particular, Dogecoin gained 17% as Elon Musk’s Twitter purchase was finalized. Here are the hot developments of the day from Dogecoin and 7 altcoin projects.
Important news accompanying the rally of the day
Whale watcher Whale Alert reports that a new whale has purchased 3.3 trillion Shiba Inu in a single transaction. Details from Etherscan show that the whale behind the $36 million purchase is anonymous.
Emy Yoshikawa, Ripple’s vice president of corporate strategy and operations, reacted on Twitter to Ripple’s “Crypto Means Business” ads in different sections of the Wall Street subway station in New York. Ripple, the finctech company behind the XRP token, is chanting slogans in different parts of the USA for its new advertising campaign.
Lido DAO (LDO), one of the Ethereum-based L1 Blockchains, has gained 12% in the last 24 hours. One of the reasons for this rally was Ethereum’s performance above 10%. Due to the high correlation between LDO and ETH, some analysts say an additional 25% rally is possible.
Dogecoin price jumps 13% amid Twitter lawsuit
According to CMC data, the price of Dogecoin is currently climbing over 10%. However, Tesla CEO Elon Musk has pledged to buy Twitter by Friday, according to a new Bloomberg article. Twitter (TWTR) stock is also rising as a result of the news. It’s currently close to Elon Musk’s $54.20 purchase price. Dogecoin also reached $0.069 from the lows of $0.059 on October 25.
KuCoin shared its decision to list Toncoin (TON) in a new announcement today. TON is catching the attention of major exchanges after its recent listing on Huobi. In an official announcement, The Open Network (TON) team has confirmed the KuCoin listing. cryptocoin.comAs you’ve followed on TON, the price of TON gained 10% when WhatsApp crashed on October 25.
Dogecoin competitor is on the radar of centralized exchanges
According to an official Twitter announcement, BabyDoge is now on the list of South Korea-based crypto exchange Probit Global. The official BabyDoge Twitter account also celebrated the news by announcing the 150 billion BabyDoge Coin draw.
The BABYDOGE/USDT pair is now listed on ProBit Global, a crypto exchange where over 800 altcoins are traded. ProBit Global is also increasing investment in BabyDogecoin, with 50 million users and 2,000,000 monthly active users on partner aggregators and wallets like CoinMarketCap.
Binance announced on Wednesday that it is launching its native oracle service to enable smart contracts to work on real-world inputs and outputs, starting with the BNB Chain ecosystem. Oracles are third-party services that bring external data to Blockchains. According to the announcement, this move will power BNB Chain’s Web3 ecosystem.
The DAO behind crypto exchange SushiSwap has largely approved a legal restructuring. The proposal came after increased scrutiny on DAOs, notably when the Commodity Futures Trading Commission sued the Ooki DAO for alleged violations of US investment laws. Crypto advocates have also come out to support the Ooki DAO. Now, the development of the DAO will be led by three organizations based in Panama and the Cayman Islands.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.