The popular tap-to-earn Telegram game, X Empire, is gearing up to be listed on top exchanges like Binance, Bybit, and Bitget today. It is a significant move for the game as the team shared on X that “Over 4,000,000 players have already linked their wallets and are ready to receive their tokens.”
When it comes to predicting the potential price of X Empire ($XEMP), crypto experts are drawing comparisons with another project like MemeFi.
MemeFi has got around 11 million users, while X Empire with nearly 9 million users, indicates a 22% reduction in certain metrics for X Empire. But X Empire’s YouTube channel has now grown to over 5 million subscribers and has garnered over 210 million views. Thus, considering MemeFi’s pricing ranging between $0.60 to $0.70 with a circulating supply of 1 billion tokens, the estimated initial price would be anywhere between $0.47 to $0.55 per token, as suggested by crypto analysts. Note that the price of X Empire is purely speculative at this point, and the actual value will only be determined once it officially lists.
However, several factors will decide $XEMP’s price including initial trading volume, user adoption rates, overall market conditions at launch, and the perceived value of X Empire’s utility within its ecosystem.
Amidst the failing Hamster Kombat airdrop event, users are ever more cautious about new projects. Even if the project has not shown any symptoms of HMSTR collapse, usually several airdropped tokens have slumped immediately after listing as early holders sell. But even in that case, it is ultimately the long-term performance metrics laid on the project’s fundamentals that determines project success. Till then, one can only wait and watch.
Ripple partners with India fir oil unveiling $500Trillion market for XRP
In an exhilarating development that marks a pivotal moment for both Ripple Labs and the cryptocurrency landscape, Ripple is blazing a trail by integrating XRP into oil trading and cross-border transactions with Saudi banks, unlocking a staggering $500 trillion market. This innovative initiative allows holders of XRP to engage indirectly in oil purchases, forging an unprecedented link between cryptocurrency and traditional commodities. As the partnership with the Saudi central bank dismantles lon
Dogecoin Whales stack up 1.4 Billion Coins as veteran trader eyes blistering DOGE rally
Dogecoin (DOGE) whales are back, grabbing the spotlight in the crypto sphere with a recent 1.4 billion DOGE buying spree. This huge buy comes as chart expert Peter Brandt spots a technical pattern that indicates a potential breakout on the horizon.
DOGE Whales Go On A Buying Rampage
In a recent post on X (aka Twitter), popular crypto analyst Ali Martinez revealed that Dogecoin whale activity is rising. Martinez noted that some Dogecoin whales are exhibiting renewed appetite for the canine-themed meme coin, scooping up a whopping 1.4 billion DOGE tokens worth roughly $140 million in the span of just 48 hours.
Bitcoin rallied above $65K, but will BTC price hold this level?
Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?
Bitcoin’s price dropped to $62,705 in the early hours of Sept. 26, causing bulls to temporarily lose hope after the third rejection at the $64,000 resistance level in just four days. However, the tide shifted as the United States stock market opened, propelling the S&P 500 index to a new all-time high. $BTC soon followed, gaining over 3% to reclaim the $65,000 level.
Some market analysts believe that Bitcoin’s path to $70,000 has been reinforced by macroeconomic trends, including lowered interest rates in the US and renewed interest from long-term institutional investors. Essentially, fears of a stock market bubble have been fading after signs of robust economic growth paired with US housing prices reaching an all-time high.
The recent listing of Hamster Kombat’s HMSTR token witnessed a dramatic 20% drop in its price, stirring discussions among airdrop winners.
Initially trading at $0.014, the token’s price has slipped to approximately $0.011.
Hamster Kombat Distributes HMSTR Token
Developed on The Open Network (TON) blockchain, Hamster Kombat is a notable tap-to-earn game. It rewarded 131 million qualifying players with a distribution of 60 billion tokens from its first season.
The TON blockchain, closely linked with Telegram, has managed high user traffic following the token launch. Since launching in March, the game itself has amassed over 300 million users.
Trading commenced at 12:00 UTC on Thursday, with listings on prominent exchanges like Binance, OKX, Bitfinex, and Bitget. Alongside the trading, the platform enabled on-chain token claims, with options for immediate withdrawal.
Moreover, Hamster Kombat unveiled its strategic roadmap on Wednesday. The plan details the development of a Web3 gaming platform that integrates external payment systems and introduces new games. It also incorporates NFTs as in-game assets. Additionally, the roadmap includes the creation of a dedicated advertising network to support the games. Revenues from this network will fund token buybacks and rewards distribution.
Interestingly, only 43% of the game’s total user base received tokens in this airdrop. Furthermore, 11.25% of the tokens distributed during the first season are locked for 10 months. This distribution strategy and the lock-up period aim to stabilize the token price and foster long-term value for holders.
COMP price surges 17% in a week, confidence restored after compound discord breach?
The decentralized finance (DeFi) space continues to capture the attention of crypto investors, and Compound is currently one of its standout performers. Over the past week, Compound’s native token, COMP, experienced an impressive 17.5% price surge, reaching $49.19 at press time.
This growth follows renewed confidence in the platform, especially after a recent security breach on its Discord server. As investors regain trust, Compound’s future looks promising in the competitive DeFi landscape.
Solana $SOL 150 bounced off the moving averages on Sept. 23, indicating that the bulls are buying the dips. The critical level to watch out for on the upside is $164, as the bears are expected to defend it aggressively. If the price turns down from $164, the SOL/USDT pair may dip to the moving averages. The pair could then spend some time between $116 and $164.
This negative view will be invalidated in the near term if the price turns up and pierces the $164 resistance. The pair could then rally to $190, where the bears are expected to pose a substantial challenge.
Celo jumps 25% after gaining endorsement from Vitalic Buterin
Celo's transition to Ethereum L2 marks a significant network enhancement.
Major stablecoins like USDC and USDT have expanded their presence on Celo in 2024.
CELO, the native utility token of the Celo platform, surged around 25% to $0.68 after Vitalik Buterin, the Ethereum co-founder, praised the project’s recent achievement in terms of daily active stablecoin addresses, data from CoinMarketCap shows.
According to a new report from Artemis, a data science layer for blockchains, Celo’s stablecoin usage has recently seen remarkable growth driven by factors such as increased app adoption, growing stablecoin supply, and strong demand in regions like Africa.
@Celo recently passed @trondao in daily active addresses for stablecoin usage.
-What's behind this meteoric rise?
-Is Africa undergoing a stablecoin breakout?
A 🧵 pic.twitter.com/6Xn8CF6DfO
— Artemis (@artemis__xyz) September 16, 2024
The rising number of users of apps like Minipay and Valora has contributed to this growth, Artemis noted. Minipay is known as a stablecoin-powered non-custodial wallet built on the Celo blockchain and Valora is a Celo-based digital wallet that supports multiple currencies like CELO, Celo Dollar (cUSD) and Celo Euro (cEUR).
Minipay has expanded its reach to several African countries, including Nigeria, Kenya, Ghana, and South Africa. Artemis suggested that the ongoing stablecoin adoption on Celo will push Kenya and South Africa back into the top 10 in crypto adoption rankings in 2025.
Commenting on Artemis’ report, Buterin said he was amazed at the progress Celo was making in improving access to basic payments and global finance. The Ethereum co-founder sees that as a key way that Ethereum can positively impact the world.
“This is amazing to see. Improving worldwide access to basic payments and finance has always been a key way that Ethereum can be good for the world, and it’s great to see Celo getting traction,” Buterin said.