Altcoin
BabyDoge Partners Yescoin, Eyes Rolling Out Telegram Game
BabyDoge, the dog-themed meme crypto drawing inspiration from Dogecoin, has recently unveiled a strategic announcement, partnering with Yescoin, a Telegram-based game. This collaboration, as announced on X on June 22, is set to expand the global reach of both projects, propelling them to new heights in the crypto space.
Yescoin, the Telegram-based game wherein users “swipe to earn,” is a concept slightly different from the usual “tap to earn” Telegram games (Notcoin) that gained significant traction in recent days. Here’s a closer look into the partnership announcement that has promptly piqued significant attention among crypto market participants.
Yescoin Partnership Eyes Tapping Into Gaming
According to the announcement, BabyDoge is partnering with Yescoin to leverage its gaming services.
Yescoin already boasts over 9 million players, a significant milestone scaled soon after the game’s launch this year. Aligning with this, BabyDoge appears to have tapped into partnering with the gaming industry, aiming to broaden user appeal.
BabyDoge’s community stated, “This partnership is set to amplify both of our communities and take our projects to new heights.” What’s even more intriguing is that Yescoin has integrated a task in its game that allows engaging with BabyDoge’s socials, fueling more interaction and growth across ecosystems.
Additionally, BabyDoge revealed that the collaborative venture paves the way for the dog-themed meme coin’s own Telegram game ahead. The global crypto community eagerly awaits further details on the matter.
Meanwhile, Yescoin appears to be eyeing an airdrop, collaborating with the The Open Network (TON) blockchain. Collectively, these developments have aided Yescoin in emerging as the hot topic of the crypto town. However, BabyDoge’s price conversely traded in the red today.
Also Read: Here’s Why Bitcoin Price Will Continue To Underperform US Stock Market In Coming Weeks
BabyDoge Price Tumbles
As of writing, the BabyDoge price saw a 1.31% fall over the past day to rest at $0.000000001423. The token’s 24-hour lows and peaks were $0.000000001415 and $0.000000001459, respectively.
Despite the meme coin embarking upon a stockpile of ecosystem-related developments this month, monthly charts show a 22% crash. The meme coin passed a proposal to deploy on Solana earlier this month, whereas the proposal to allow its ownership on both Ethereum and BNB also gained favor.
Nonetheless, weekly charts show that the price corrected 13.51%. Despite the optimistic developments, this bearish movement has clouded the coin’s future movements in an enigma.
Also Read: Avalanche Price: AVAX Slips 10% Amid Massive Selloff By An Entity
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.
Solana (SOL) has gained traction as crypto assets start the week with slight gains. A look at the market shows crypto prices attempt a breakout after previous losses. At press time, the total market cap grew to $2.31 trillion, a 2.33% increase in the last 24 hours sparking a wider bullish projection.
Assets like Solana outpaced the market in the last attempted rebound as price fluctuations continued. Today, SOL price maintains a lead in weekly gains among the top 10 assets rallying on the heels of previous inflows after two ETF applications. While bulls eye the $150 mark, bears opine that poor sentiments and volatility might make the mark unsustainable.
Solana To Climb?
Solana’s price has moved above other assets in the top 10 cryptos by market cap except for Cardano (ADA). SOL trades at $148.15, a 3.78% increase in the last 24 hours behind only ADA with a 5% rebound. The asset’s growth takes its market cap above $68.5 billion while daily trading volumes jumped a massive 45.8% to $1.89 billion.
The weekly growth of Solana points to a renewed upswing as it notched over 16% gains while monthly figures are still in the red zone. Based on recent on-chain data, market analysts have projected an upward trajectory for the asset.
At the moment, SOL is behind previously hit resistance levels after taking a tumble with the wider market. As a result, a reduced uptick was recorded in Solana meme coins and decentralized finance numbers, bearish traders argue.
Bulls Look To Spot ETF
The recent filing of spot Solana ETFs remains a major driving factor for the asset’s price. This year, ETFs have rallied the crypto market following huge institutional investments in the sector. Spot Bitcoin ETF approval in January changed the dynamics after the asset soared to an all-time high above $73,000. Ethereum products are also expected this summer which also ignited bullish activity. Solana holders point to institutional inflows as a pathway to sustained growth.
Also Read: Dogecoin Price To Attempt $2 With Memecoin Supercycle Says Analyst
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.
Coinbase Prime has landed a $32.5 million contract with the U.S. Marshals Service (USMS). The partnership mandates Coinbase Prime to custody and manage large-cap digital assets. This collaboration marks a critical step in utilizing blockchain technology for government asset management and reflects a strengthening trust in digital currencies’ viability and security.
Coinbase Prime Secures Major Government Contract
Coinbase Prime will offer advanced trading services and custody solutions, managing the considerable volume of digital assets seized under the US government’s forfeiture programs. The selection of Coinbase for this role followed a thorough competitive evaluation, showcasing its capability to operate securely on a large scale. The agency has emphasized the need for professional, lawful management and disposal of cryptocurrency assets, which must align with the stringent policies of the Department of Justice and USMS.
Moreover, the contract aims to enhance the efficiency of the processes involved in handling digital assets. By consolidating custody and management operations, the USMS intends to improve the administration and liquidation of these assets. The arrangement also supports the diversification of cryptocurrency types that the government can manage and dispose of, broadening the scope of its digital asset capabilities.
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Coinbase Sues U.S. Agencies Amid Challenges
The agreement with the USMS comes when Coinbase has faced significant scrutiny and legal challenges from U.S. regulators, including the Securities and Exchange Commission (SEC). Last year, the SEC filed a lawsuit against Coinbase for operating without proper registration, a case still progressing through the judicial system. Despite these hurdles, Coinbase continues to assert its presence in the digital asset space, recently suing several federal agencies over alleged discriminatory practices against the cryptocurrency sector.
Despite these controversies, Coinbase Prime has demonstrated robust performance in institutional trading. As of the first quarter of 2024, the platform safeguarded assets worth approximately $330 billion and recorded significant institutional trading volume. This ongoing success and the new partnership with the USMS underline growing institutional confidence in Coinbase’s capabilities and cryptocurrency’s legitimacy as a substantial asset class.
Also Read: Metaplanet Boosts Bitcoin Strategy With 10:1 Share Consolidation Amid Key Changes
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.
The tap-to-earn game on Telegram, Hamster Kombat, has maintained its position as a hot trend in the crypto realm. Notably, the P2E (play to earn) game that emerged recently, eyeing launch on the TON (The Open Network) blockchain, has unveiled developments for the month of July and ahead. Here’s a brief report on what the Telegram-based P2E game promises to bring to its users in the future.
TGE & Token In-game Utility: What’s The Scoop?
Hamster Kombat’s official site reveals one of the most vital updates for the project in July. Notably, the TGE (Token Generation Event) and in-game utility for the token are set to be unveiled this month.
This means users might see a Hamster Kombat token airdrop in the coming days, expected to occur on the TON blockchain.
Meanwhile, upon playing the game on Telegram, one can clearly see that the ‘airdrop’ tab says that the listing is underway. Users might have to complete specific tasks to participate in the airdrop, as mentioned on the site. One such task on the platform was connecting users’ TON wallet to Hamster Kombat. However, more tasks are expected to be rolled out in the coming days.
Further, in-game utility for the token, referring to the various use cases of a token within a GameFi ecosystem, is to be revealed this month. This offers increased user appeal, in turn aiding the project in gaining significant traction across the industry.
Simultaneously, the upcoming Q3 2024 upgrades included new characters and skins, time-limited events, live events, etc. In addition, the project also promised many more developmental upgrades in Q4, leaving market participants excited.
Also Read: Ethereum ICO Whale Dumps 7K ETH After $60 Million Selloff by Institutions
Hamster Kombat P2E Game
Hamster Kombat, a game on Telegram where one literally taps to earn coins as rewards, has captured noteworthy attention in tandem with the rise of Telegram-based P2E games, such as Notcoin.
The game facilitates earning coins, which users can mine on the platform to gain passive income via unique cards. Also, completing various tasks provides additional opportunities for users to earn more coins. “The journey from a shaved hamster to the CEO,” is the boasted gameplay.
Also Read: Tether Reveals Major Partnership For USDT Adoption
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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