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Floki News Today: Investors Shifts Towards Meme Hybrid Token After Announcing New AI Dating App

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As the world of meme coins continues to evolve, both investors and crypto enthusiasts are turning their attention to the next big thing. Floki Inu (FLOKI), a token that gained massive attention in the past, is now facing competition from a rising star in the meme coin sphere: GoodEgg (GEGG). With Floki Inu’s latest airdrop of Simon’s Cat (CAT) tokens, investors are noticing new developments in the meme coin ecosystem. However, GoodEgg (GEGG)’s recent announcement of its AI-driven dating app has created a buzz, shifting the focus towards its innovative platform.

Floki Inu (FLOKI) Completes Simon’s Cat Airdrop

Floki Inu (FLOKI) made headlines with the successful completion of the Simon’s Cat (CAT) airdrop. This airdrop provided FLOKI holders with CAT tokens directly into their wallets, simplifying the distribution process. Eligible holders on platforms like Binance and OKX received their share, based on their Floki Inu (FLOKI) holdings, without needing to connect external wallets or manually claim the airdrop.

The ease of this distribution process has been well-received by the FLOKI community. However, despite the positive news, the current FLOKI price has dropped 4.75% in the last 24 hours, reflecting the broader bearish sentiment in the crypto market. Floki Inu (FLOKI) is currently trading at around $0.0001214, but the crypto community remains optimistic about the token’s potential for recovery.

GoodEgg (GEGG) Steals the Spotlight with AI Dating App

While Floki Inu (FLOKI) is cementing its position with airdrops and institutional support, GoodEgg (GEGG) has emerged as a disruptive force in the meme coin market. Its unique concept combines cryptocurrency with social impact, and now, with the announcement of its AI-driven dating app, GoodEgg (GEGG) is becoming a top contender in the space. The “Play 2 Date” platform allows users to engage in dating activities and earn $GEGG tokens, merging entertainment with financial rewards.

The announcement of the AI dating app has shifted the focus from traditional meme coins like Floki Inu (FLOKI) to more utility-based tokens like GoodEgg (GEGG). This shift has also attracted the attention of whales who are now diversifying their portfolios by investing in GoodEgg’s presale, which is currently offering impressive 100x potential returns. With its innovative approach, GoodEgg stands out from the crowd and is set to revolutionize the meme coin sector.

FLOKI’s Institutional Backing and Future Potential

Despite the rise of competitors like GoodEgg (GEGG), Floki Inu (FLOKI) remains a solid player in the meme coin market. Analysts have pointed out that FLOKI’s strong institutional backing gives it an edge over rivals like PEPE and SHIB. With continuous developments and a supportive community, Floki Inu (FLOKI) is expected to weather the current market downturn and potentially see significant gains in the future.

Crypto analysts believe that Floki Inu (FLOKI) is forming higher lows, a technical indicator often seen as a positive sign for potential price recovery. This, coupled with the growing institutional interest, could signal a new growth cycle for the meme coin.

GoodEgg vs. Floki Inu: The Future of Meme Coins

While Floki Inu (FLOKI) continues to maintain its position with strong institutional support and successful airdrops like Simon’s Cat (CAT), GoodEgg (GEGG) is gaining ground by offering a unique blend of cryptocurrency and real-world utility. The AI-powered dating app from GoodEgg adds an innovative twist to the meme coin space, creating a compelling case for investors who are looking for more than just speculative gains.

As both tokens evolve, the competition between Floki Inu (FLOKI) and GoodEgg (GEGG) will likely shape the future of the meme coin market. Investors will be watching closely to see whether FLOKI can maintain its momentum or if GoodEgg will take the lead with its AI-driven platform.

Conclusion

Floki Inu (FLOKI) has proven its strength in the meme coin market with successful airdrops and solid institutional backing. However, the introduction of GoodEgg’s (GEGG) AI-driven dating app has introduced a new dynamic, attracting attention from both whales and retail investors. As the meme coin market continues to evolve, both Floki Inu (FLOKI) and GoodEgg (GEGG) offer unique opportunities for growth, and it will be interesting to see which one dominates in the coming months.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL

X/Twitter: https://x.com/goodeggofficial

 



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Solana Coins MEW & FIDA Prices Surge Over 25% On Major Listings

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1 hour ago

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September 19, 2024

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FIDA and MEW, cryptocurrencies based on the Solana blockchain, saw noteworthy positive sentiment on Thursday as they secured vital listings. Solana Name Service (FIDA) secured a listing on Binance, whereas cat in a dogs world (MEW) scored a listing on Upbit. These listings have garnered significant attention globally as the tokens’ prices skyrocketed 25%-30% in tandem with the announcement.

Solana Tokens FIDA & MEW Secure Vital Listings On Binance & Upbit

According to official announcements by the mentioned exchanges on September 19, both the tokens are set to witness particular listings today. As per Binance’s official announcement, the crypto exchange is set to launch FIDAUSDT USD-Margined perpetual contract today at 12:30 UTC. Simultaneously, Upbit’s announcement revealed that it listed MEW with BTC and USDT pairs on the same day.

Intriguingly, Binance revealed that it listed FIDA with up to 75x leverage for users on the platform. Further, the crypto exchange set the capped funding rate at +2.00% / -2.00%.

Simultaneously, Upbit Korea listed cat in a dogs world within BTC and USDT markets. The Asian crypto exchange revealed that it will also add transaction support starting today.

The Solana coins listings have primarily sparked market optimism over future movements, paving the way for new money inflow into the tokens.

Tokens’ Prices Rocket Over 25%

Simultaneously, FIDA price gained nearly 45% against the backdrop of Binance’s listing announcement. The coin rested at $0.3243 today with an intraday low and high of $0.2204 and $0.3297, respectively.

Similarly, MEW price pumped nearly 26% to reach $0.00533 riding the back of Upbit listing. The coin’s 24-hour low and high were $0.00407 and $0.005728, respectively.

Meanwhile, the rising price action primarily aligns with today’s listing announcements, as seen with numerous tokens previously. CoinGape Media reported Kadena (KDA) price surged nearly 30% with its futures listing on Binance.

Also, another report reveals that PEPE and BRETT prices pumped notably on their listings on Upbit. Altogether, the exchanges’ listings rationalize today’s massive price gains.

Simultaneously, Coinglass data illustrated an 82% surge in MEW’s futures OI to $76.31 million. Additionally, the coin’s derivatives volume skyrocketed 531% to $735.63 million today. This surge has projected further optimism for the Solana-based token. Also, it’s worth noting that Solana (SOL) price upsurged 8% to trade at $140 today.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple Partner SBI Confirms Participation in BIS Project Agora

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2 hours ago

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September 19, 2024

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XRP News: Ripple-partner SBI Holdings has confirmed participation in Project Agora, a joint initiative led by the Bank for International Settlements (BIS) and seven central banks. XRP community reacted to the development due to speculation of potential integration or alignment for the cross-border payments over a unified ledger initiative.

Ripple Partner SBI Reveals Participation in BIS-Led Project Agora

In a press release on September 19, SBI Holdings revealed participation by the bank in Project Agora. Ripple’s partner participation the initiative brings XRP in the spotlight as the bank is a key partner for XRP and XRP Ledger adoption.

Project Agora is an initiative jointly led by the Bank for International Settlements (BIS) and central banks to improve the functionality of cross-border transactions through tokenization. The central banks are Banque de France, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York.

“Through this project, we hope to improve the functionality of the financial system while maintaining the two-tiered structure of central bank money and private bank deposits, and provide new solutions that utilize smart contracts and programmability, thereby providing highly convenient services in cross-border transactions.”

The BIS/SWIFT-led initiative uses digital tokens representing assets, on a unified ledger, with smart contracts. The Institute of International Finance has convened 41 private sector institutions such as JPMorgan, Standard Chartered, Sygnum Bank, Visa, Mastercard, Citi, and HSBC.

XRP News: Token and XRPL In the Spotlight

While the initiative to revolutionize cross-border payments through tokenization doesn’t specifically mention XRP and XRP Ledger, the community believes Ripple’s technology aligns with Agora Project.

Ripple has focused on exploring the possibilities of tokenization on the XRP Ledger. In June, the company partnered with Archax to bring tokenized real-world assets (RWA) onto the XRP Ledger.

Moreover, the unified ledger concept resonates with Ripple’s Interledger Protocol (ILP), which connects banks and blockchains. This suggests a potential role for Ripple’s technology in the framework, if not XRP directly.

XRP community claims Ripple and BIS and several central banks have collaborated earlier for developments including central bank digital currencies (CBDC). Currently, Ripple CEO Brad Garlinghouse said that the company is seeking adoption in traditional finance.

XRP price jumped 2% in the past 24 hours, with the price currently trading at $0.58. The 24-hour low and high are $0.563 and $0.589, respectively. Furthermore, the trading volume has increased by 25% in the last 24 hours, indicating a rise in interest among traders.

Notably, Ripple is also a leader in remittance. If it captures 50% of the global remittance market, which is projected to reach $11.53 trillion in 2024 and $16.59 trillion by 2028, XRP price could even hit $5.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Market Strategist Say GoodEgg Is Positioned To Outpace Shiba Inu in 2024

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3 hours ago

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September 19, 2024

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The journey of meme coins has been nothing short of spectacular in the cryptocurrency world, with Shiba Inu (SHIB) leading the charge as one of the most recognized tokens after Dogecoin (DOGE). However, the market is shifting, and 2024 could be a transformative year for new contenders like GoodEgg (GEGG). With its unique AI-based dating platform and a clear roadmap for utility, many market strategists believe GoodEgg is set to outpace Shiba Inu in the coming year.

GoodEgg (GEGG): The Coin Merging Crypto and Online Dating

While Shiba Inu (SHIB) battles its supply issues, GoodEgg (GEGG) is positioning itself as a utility-driven project with immediate real-world applications. GoodEgg’s platform isn’t just another meme coin it’s a project with a clear use case: an AI-powered dating platform. This unique value proposition is attracting both retail and institutional investors who see the potential for massive user adoption.

GoodEgg (GEGG) is currently in the presale stage, having already raised over $495,000, with its token priced at $0.00021. The project’s focus on solving real-world problems, like enhancing user experience in online dating through AI, gives it a strong foundation to grow. By integrating blockchain technology into an everyday service like dating, GoodEgg offers more than just speculative value—it provides utility. Users on the platform can match with others securely and efficiently, using the power of AI to create meaningful connections.

What’s most exciting about GoodEgg (GEGG) is its scalability. As the dating industry continues to grow, with millions of users worldwide, the demand for a more secure and intelligent dating solution is apparent. GoodEgg’s use of AI to match individuals based on compatibility, while ensuring user data privacy through blockchain, offers a much-needed solution in the current market. With such a clear value proposition, market analysts are confident that GoodEgg has the potential to skyrocket in 2024.

Shiba Inu’s Struggles: Token Burn and Supply Issues

One of the major challenges for Shiba Inu (SHIB) has been its massive token supply. Currently, there are 589 trillion SHIB tokens in circulation, a figure that has long been debated in the crypto community. Critics argue that such a large supply hinders SHIB’s ability to compete with other major cryptocurrencies, especially in terms of price growth. The law of supply and demand suggests that such a high supply naturally leads to lower prices unless demand increases exponentially.

To combat this issue, Shiba Inu (SHIB) introduced a token burn mechanism, whereby a portion of SHIB tokens is destroyed with each transaction on its network. This process is designed to slowly reduce the circulating supply and increase scarcity, theoretically boosting SHIB’s value over time. However, as noted by the Shiba Inu team and market observers, this process is slow and requires mass adoption to make a significant impact. Lucie, the marketing lead for Shiba Inu (SHIB), has emphasized the need for millions of users to engage with the SHIBARIUM ecosystem to make the burn effective at scale.

Despite this mechanism, Shiba Inu (SHIB) is currently trading at $0.00001326, and the token’s price has remained largely stagnant in recent months. The SHIB community remains hopeful that their project’s token burn and the increased utility of SHIBARIUM will help drive up the token’s value, but the path forward is long and uncertain.

Bringing Real Utility to a Digital World

For investors, the question becomes: which of these two projects offers the better return on investment in 2024? Shiba Inu (SHIB) has a loyal community and a massive circulating supply, but its growth potential is limited by the slow burn process. While SHIB’s price could rise over time, it relies heavily on massive adoption of its ecosystem, which could take years to materialize fully.

GoodEgg, on the other hand, presents a more immediate opportunity. With its presale already generating significant interest and a unique AI-driven platform that taps into a booming industry, GoodEgg (GEGG)has the potential to see exponential growth in a shorter timeframe. Its utility is clear, and the demand for AI-powered services is increasing daily.

Moreover, GoodEgg’s focus on a real-world problem dating gives it an edge over Shiba Inu, which still struggles with being seen as a speculative meme coin. GoodEgg’s (GEGG) roadmap and scalability, combined with its innovative use of AI and blockchain, make it a much more attractive investment for both short-term and long-term investors. While Shiba Inu (SHIB) has its loyal followers and continues to develop new features like token burns, the immediate utility and growth potential of GoodEgg (GEGG) make it a standout in the crowded crypto space.

GoodEgg (GEGG): A New Wave 

GoodEgg (GEGG) is not only riding the wave of meme coin popularity but also differentiating itself with a solid foundation in AI technology and practical real-world application. As market sentiment continues to shift towards projects offering tangible utility, GoodEgg’s AI dating platform is well-positioned to capture a growing user base and, by extension, increase token demand.

In conclusion, while Shiba Inu (SHIB)’s future hinges on long-term adoption and the success of its token burn strategy, GoodEgg’s (GEGG) immediate utility and clear value proposition offer a more compelling investment for 2024. With its presale already a success and more stages to come, market strategists are confident that GoodEgg (GEGG) is the project to watch, potentially outpacing Shiba Inu and other meme coins in the coming year.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL

X/Twitter: https://x.com/GoodEggToken

 



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