Cryptocurrency
1MarketMakers Introduces New ‘Startup Kit’ Service for Crypto Projects
[PRESS RELEASE – Astana, Kazakhstan, August 22nd, 2024]
1MarketMakers are launching a new service – 1MM Startup Kit, which will assist startups entering the market.
According to the team, to remain competitive in the market, blockchain startups must now adhere to traditional business principles. It’s not enough to simply activate a bot for automated liquidity maintenance. Long-term solutions are crucial: community support, marketing, a sound economic strategy, and tokenomics that attract investors.
What’s Included in the 1MM Startup Kit
At the core of any crypto project lies an idea that must be relevant and appealing to the future community and investors. 1MarketMakers help to package this idea effectively.
Marketing and Community: Analyzing the current marketing strategy and assisting in growing the project’s audience. 1MarketMakers seeks potential partnerships with funds, bloggers, and advisors who can vouch for the project and represent the team in the crypto sphere.
Tokenomics: Assisting in developing tokenomics from scratch or improving existing ones to potentially appeal to investors.
Listing and MM Strategy: Creating a listing and market-making strategy that supports the project’s development. This strategy helps the team to fund the project’s potential ongoing growth. The team helps to select the exchanges suitable for the project and devise a market-making tactic that aligns with the project’s long-term goals.
1MarketMakers always sides with the client — it is crucial for the team to provide support from the ground up to help avoid mistakes at various stages of development. Their 1MM Startup Kit service encompasses marketing, tokenomics, listing tactics, and other details essential for a successful launch, helping the project achieve its goals and objectives.
Other Services from the 1MarketMakers Team
Every project needs expert assistance to ensure a successful launch. Maintaining these experts in-house can be too costly for a startup, making it more advantageous to seek the help of a business partner.
1MarketMaking has been in the market for over 5 years, successfully helping companies enter and stay in the market to:
- Define strategies at the start and throughout all funding rounds.
- Create a white paper and develop robust tokenomics that attract investors.
- Develop and implement a marketing strategy aimed at building and growing the community, and supporting token trading launch.
- Create and execute listing and market-making strategies: maintaining trading volumes and token price for the project’s further development.
- Listing support on CoinGecko and CoinMarketCap, and aim for the TOP CMC rankings.
- Throughout the entire collaboration, maintain liquidity and token price, based on the project’s tokenomics and development plans.
The team offers clients complete confidentiality and honesty. They only pursue goals in which we have complete confidence. Their experts analyze the market and help swiftly adjust the company’s development strategy in response to any market fluctuations, and their clients are projects traded on TOP TIER-1 exchanges.
About 1MarketMaking
1MarketMaking has a large team of experts in different fields aiming to provide the best solutions. In this era of constant changes, they prefer a distributed team format, and the team is based in Dubai, Nursultan, Tel Aviv, and Kyiv. If users want to meet them in person just leave a request and they will discuss the most convenient place in the world for a meeting.
To contact the team for a free consultation and receive a complimentary project launch strategy: 1MM.team. Users can also follow on LinkedIn and X.
To receive this offer, users can enter the promo code 1mmpr2024 in the message field of the feedback form.
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Cryptocurrency
Is Ripple (XRP) Gearing up for a Christmas Rally? (Analysts Weigh in)
TL;DR
- Ripple (XRP) fell from $2.50 to under $2 but recovered to $2.25, with analysts eyeing a substantial rally in the coming weeks.
- XRP whales bought 120 million tokens over the past week, reducing supply and potentially setting the stage for a price pump.
Final Push for the Year?
Ripple’s XRP was among the leading cryptocurrencies that were the worst affected amid the latest market correction. Its price tumbled from over $2.50 on December 17 to less than $2 three days later. The bulls managed to recover some ground in the past few days, with XRP currently trading at approximately $2.25 (per CoinGecko’s data). Still, that represents a 10% decline on a weekly scale.
Despite the fluctuations and the recent pullback, many analysts remain optimistic that XRP could experience a substantial rebound in the near future. Crypto Bitlord, an X user with almost 400,000 followers, thinks “the final pump for 2024 is loading.” The market observer predicted a price rally to as high as $12 next month, suggesting that “the rise starts now.”
JAVON MARKS was also among the bulls. They touched upon XRP’s 4-hour chart to envision the confirmation of a “Hidden Bullish Divergence” that could take the valuation to over 2.90 and a subsequent jump to a new all-time high.
For their part, CrediBULL Crypto claimed that “the XRP/BTC chart below looks absolutely fantastic” and “the most bullish-looking chart in the entire space.” As such, the analyst said they will look to open a long position once again for another trade in the following days.
Whales on the Move
The latest correction of the crypto market, which started shortly after the Fed announced another interest rate cut but also hinted at a pause of the policy for next year, seems to have been welcomed by XRP whales.
On December 20, X user Ali Martinez revealed that such large investors have purchased around 80 million tokens in the span of three days. Earlier today (December 24), he claimed that whales have stacked up on an additional 40 million coins.
Such actions reduce the circulating supply of XRP, which could be followed by a price rally (assuming demand stays the same or heads north). Massive whale purchases may also trigger excitement among smaller investors who could also hop on the bandwagon, thus creating further upward pressure on the price.
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Cryptocurrency
Veles Unveils Backtesting Solutions for Crypto Traders
[PRESS RELEASE – Dubai, United Arab Emirates, December 24th, 2024]
Veles, a leader in algorithmic trading solutions, has introduced a sophisticated backtesting toolset tailored for cryptocurrency traders. These tools empower users to evaluate and refine strategies by leveraging advanced technology to uncover market inefficiencies and enhance trading outcomes.
- Custom Strategy Configuration: For parameters to match specific trading goals.
- Comprehensive Historical Data: To conduct tests using minute-level datasets.
- Position Management: Optimization of entries and exits.
- Insightful Analytics: In-depth reports for strategy optimization.
- Advanced Indicators: To analyze market conditions, including volatility and volume.
Veles’ backtesting solutions offer traders the ability to optimize strategies while minimizing risks. The platform integrates with top cryptocurrency exchanges like Binance, Bybit, and OKX, ensuring seamless connectivity and comprehensive support for dynamic markets.
About Veles
Veles provides advanced tools for cryptocurrency trading automation. With a focus on enhancing efficiency and profitability, Veles equips traders with reliable solutions for navigating market complexities.
More details at veles.finance.
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Cryptocurrency
BYDFi Market Overview: UFD,HYPE and USUAL’s Growth, PENGU’s Stable US$1,800,000,000 Market Cap
[PRESS RELEASE – Mahe, Seychelles, December 24th, 2024]
On December 24, 2024, the BYDFi crypto exchange officially launched new tokens, including PENGU, HYPE, UFD, and USUAL. These are different Memecoins and DeFi tokens, enriching the categories of assets on the platform and giving global users more investment opportunities.
UFD’s Surge, PENGU on Hot List with $1.8B Market Cap
UFD, or Unicorn Fart Dust, is a meme coin in the Solana ecosystem that has been growing with the tag of a “social experiment.” A 54-year-old gold and silver trader was inspired to create his own meme token, UFD, based on Fartcoin, which had a market cap of $500 million. The creation of UFD symbolizes the innovative trend of the cryptocurrency market as well as the openness of the industry towards investors cutting across all age groups.
From GMGN data, on December 19th, UFD market cap has already passed $230 million , the 24-hour price increase was at 434%, and a 24-hour trading volume of $145.4 million.
According to Onchain Lens, one address that bought UFD early on changed $700 into $1.8 million in less than 7 hours. According to Lookonchain, a trader bought 12.98 million UFD tokens for 0.4 SOL two days ago. During the price spike, the trader sold over 80,000 UFD tokens twice, netting $4,500 while holding 12.9 million tokens in their account.
PENGU is the official token created by the Pudgy Penguins project, which contains 8,888 unique cartoon penguin NFTs. Each NFT generates randomly assigned qualities through the use of up to 150 hand-drawn components. These penguins have up to five different features, such as distinctive backgrounds, body shapes, clothes, and accessories.
PENGU is launched on the Solana blockchain in December 2024 with a total of 88,888,888,888 tokens. The overall market cap has crossed $1.88 billion, and the 24-hour trading volume is $360 million, with 62.86 billion tokens in circulation. The project intends to propel Web3 innovation through the Abstract public blockchain and developer incubator, and it has the support of the robust NFT community of Pudgy Penguins. Abstract recently raised $11 million, majorly coming from Peter Thiel’s Founders Fund, and hence offers a lot of support towards developing the PENGU ecosystem.
On-Chain Speed and Stable Ecosystem: Dual Innovations of HYPE and USUAL
HYPE is the native token of the decentralized derivatives protocol Hyperliquid and is the core asset of the high-performance L1 platform. With a latency of less than one second and complete transparency in its order book, trading, and settlement, Hyperliquid focuses on totally on-chain operations. The Hyperliquid platform is a rising leader in the DeFi industry, with a total asset value of $2.173 billion, according to DefiLlama data.
HYPE’s price has increased in 1345% since it was launched from $2 to $28.91. The 24-hour trade volume for HYPE has now surpassed $15 billion, according to data by @HyperliquidX, which marks a new record.
USUAL is the native governance token of the Usual protocol. It aims to create a secure and efficient stablecoin ecosystem backed by real-world assets, or RWA. Among its core functions are:
- Governance: Transparency in decentralized governance and community leadership is ensured by allowing holders to take part in crucial protocol decisions like earnings distribution and collateral management.
- Yield: The users can benefit from the RWA investments of the protocol with yields on US Treasury bonds by staking USUAL.
- Stablecoin Ecosystem: supports the main products of the protocol, being USD0, a stablecoin, which RWA supports and USD0++, a variant of liquid staking, and holders can share revenue via management or staking.
It also ties the issuance of USUAL tokens to total value locked, where increases in TVL reduce the token supply, thus constituting a deflationary mechanism that can boost long-term value. As of December 18, USD0 minting was seen reaching a record-breaking 190 million units with the total supply rising beyond 1 billion units netting 136 million units. It can be established that the high level of capital attraction of the Usual procedure is by reaching the Treasury revenue of $5.89 million. The increase of USD0 and USD0++ will enhance TVL by raising USUAL’s scarcity and value appreciation. At the moment of writing, the token’s price is $1.39, up 34.2% over the previous day. At $838,695,117, the trade volume is more than it has been in the past.
Meanwhile, BYDFi has simultaneously launched additional tokens, including FUEL, VANA, SEND, and ARCSOL. Users can visit the BYDFi official website or the BYDFi app to stay updated on the latest market trends and detailed information about these tokens.
About BYDFi
Founded in 2020, BYDFi is considered among the top 10 best crypto exchanges around the world according to Forbes, and trusted by millions of users all over the world. It currently supports more than 600 tokens for spot trading, with options for leverage from 1x to 200x to suit every investment strategy. Besides, BYDFi has also simplified the procedure of buying cryptocurrencies by working with world-class payment service providers like Banxa, Transak,and Mercuryo, enabling its users to purchase coins at a low cost.
In the future, the upcoming “BYDFi Copy Trading” feature will automatically suggest the top traders according to the user’s risk tolerance and account assets. Users can easily activate the copy trading mode using only a tap and replicate professional traders’ strategies. BYDFi aims to provide a world-class crypto trading experience for its users.
Contact BYDFi
For inquiries and support, users can reach them via the following:
Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube
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