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Showing posts with the label ecosystem

Analyst Predicts This Layer-2 Meme Coin Could Surge 150X at Launch

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Popular YouTuber Cilinix Crypto shares an update on the Pepe Unchained presale, which will conclude in 16 days. The Pepe Unchained presale is ongoing and has surpassed the $52 million mark, reflecting growing investor confidence and interest. The project is building a Layer 2 blockchain around the Pepe theme, designed to be an Ethereum-based EVM chain. The ecosystem will bridge between Ethereum and the Pepe chain, offering low transaction fees and high volume capacity. While the product itself is still in development, the project has already showcased its ambitions, including the creation of a decentralized exchange (DEX), a bridge, and a block explorer. These developments suggest that Pepe Unchained is aiming to create a functional ecosystem, which is essential for its long-term success. The project has also introduced initiatives like “Friends with Benefits,” a program that funds ecosystem development, ensuring a more solid project foundation. Furthermore, the team ha...

Shiba Inu: Two Reasons Why Investors Should Hold Their SHIB And Not Sell It

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Shiba Inu is undoubtedly one of the most promising cryptocurrencies for users to invest in. The meme coin is currently experiencing a rough patch, with its price not exceeding the price barrier of $0.000013. However, SHIB was once known for its stark price delivery, which sparked a massive rally in 2021. While SHIB is in a strong consolidation phase, its future is still bright and may usher in great returns soon. Here are two reasons why investors should not cave into panic selling and hold their SHIB to strike at the right time. Also Read: Investors Should Opt For Gold As FED Cut Looms Over: Goldman Sachs 1. Budding SHIB Ecosystem Developments Unlike other meme coins that have no future vision or goals, Shiba Inu is completely different from this lot. The token’s ecosystem is currently brewing novel developments to lure new users into the system. While highlighting the incredible work our team is doing, I'd like to emphasize that this is a carefully planned roadmap in progress for...

MEXC launches $20M ecosystem fund to support Sei Network

Sei Network previously raised $5 million in funding in August 2022. According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one Blockchain designed for trading, Sei Network's stated Features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented:  "AMM [Automated Market Makers] was the dominant market-making method in crypto for the past 2 years. The lack of a more efficient market-making strategy is in large part because of technology restrictions like low speed and smart-contract restrictions. We believe Sei's customized Layer 1 solution will be a game changer in the industry." . Last August, Sei Network raised a $5 million funding round from investors such as Multicoin Capital, Coinbase Ventures, Delphi Digit...