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Dogecoin-Fan Elon Musk Donates $75 Million To Elect Trump, DOGE to $1?

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3 hours ago

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Elon Musk, known for being a fan of Dogecoin meme coin, has donated nearly $75 million to America PAC to back Donald Trump in his presidential race. Musk has also pushed forward efforts regarding the proposed Department of Government Efficiency (DOGE) and campaigning with Trump, currently throughout Pennsylvania.

Elon Musk Donates Massive $75 Million In US Elections

Billionaire businessman Elon Musk boosted Donald Trump’s presidential run by donating nearly $75 million in donations to America political action committee (PAC), a pro-Republican group. The donation has pushed Musk on the list of top donors for Trump’s reelection bid.

Musk created this PAC to support candidates who support core values of ‘Secure Borders, Sensible Spending, Safe Cities, Fair Justice System, Free Speech and Self-Protection.’ The group has already spent more than $96 million boosting Trump’s reelection bid, according to the independent non-profit OpenSecrets.

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Musk Leading Trump to Victory in Pennsylvania

Moreover, ‘Dogecoin fan’ Elon Musk said he will give a series of talks in Pennsylvania until Monday. Those who want to attend need to just sign up for America PAC’s petition for free speech and need to have voted in Pennsylvania.

A source told Reuters that Musk plans more campaigning for Trump in Pennsylvania after his appearance at a Trump rally. His appearances would be connected to his America political action committee.

Polymarket data reveals that Donald Trump’s odds are now 14% ahead of Kamala Harris in Pennsylvania. This shift comes amid Elon Musk’s appearance at Trump rallies.

DOGE Price Gains 8%

Dogecoin is unfazed by the recent broader crypto selloff after a volatile price uptrend in the market. DOGE price currently trades at $0.125, up 8% in the last 24 hours and 22% in a month. Trading volume also saw a more than 50% increase in the last 24 hours.

In the derivatives market, total DOGE futures climbed 22% within just 4 hours as traders moved to buy Dogecoin before it rally. As per Coinglass data, the total Dogecoin futures OI hit a high of 6.05 billion worth $758.41 million.

Dogecoin Futures OIDogecoin Futures OI
Source: Coinglass

The strong momentum comes amid Elon Musk’s support for Donald Trump and rising hopes for the proposed Department of Government Efficiency (DOGE). Trump promised Musk a key position if he wins the presidential election, fueling DOGE to $1 speculation.

Meanwhile, Musk’s Tesla moved all Bitcoin holdings worth $760 million from its public wallet, marking its first BTC transactions in two years. A plausible explanation is for security purposes and spread them across several cold wallets.

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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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GOAT Price Rockets 150% As Goatseus Maximus Secures Major Listing, Rally To Sustain?

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35 mins ago

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October 16, 2024

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Solana meme coin Goatseus Maximus reverberated significant optimism across the broader crypto market on Wednesday, securing listing on a major cryptocurrency exchange. GOAT price skyrocketed nearly 150% as the renowned exchange Crypto.com recently revealed plans to list the token. Meanwhile, market watchers continue to speculate whether the listing could help the token sustain a price rally ahead.

Goatseus Maximus Rides Bullish Waves Amid Crypto.com’s Listing

In an official X post dated October 16, Crypto.com revealed that it is listing the Solana meme coin Goatseus Maximus today. The platform’s colossal userbase can easily trade the coin with USD, EUR, and 20+ fiat currencies offered on the exchange. Notably, the listing sparks optimism over GOAT price ahead as it paves the way for further market participation in the asset.

Crypto.com announcement on GOATCrypto.com announcement on GOAT

Meanwhile, it’s worth mentioning that the Solana meme coin appears to have emerged as the recent buzz of the crypto town. CoinGape Media reported a crypto trader to have made a whopping $2.42 million profit in just four days, investing a mere $727 in the Goatseus Maximus meme token. Simultaneously, in light of the recent buzz, venture capital firm Andreessen Horowitz founder Marc Andreessen took to X, revealing that he is not connected with the meme token.

For context, Marc stated, “I sent a personal $50K no-string-attached unconditional research grant to ‘truth_terminal’ and its creator Andy Ayrey this summer.” However, there is no involvement in the Solana-based meme coin, he concluded.

Solana Meme Coin’s Price Rockets

Meanwhile, GOAT price skyrocketed nearly 135% at press time and is currently trading at $0.2634. The coin’s intraday low and high were $0.09803 and $0.33, respectively. Also, the 24-hour trading volume for the token surged 170%, hinting traders appear to have reacted positively to the listing announcement.

Simultaneously, recent data by Lookonchain revealed that a trader sold Goatseus Maximus holdings for $1.1K five days ago, which is over $5 million today. Notably, the trader, ‘FUDing,’ offloaded his holdings amid a recent price drop. Nevertheless, the coin reflects a strong potential for gains in light of recent market stats. Market watchers continue to eye the token for further price action shifts.

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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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Binance Announcement May Trigger Another Reversal In EigenLayer (EIGEN) Price

Published

6 hours ago

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October 16, 2024

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Crypto exchange pioneer Binance has once again reverberated optimism for EigenLayer (EIGEN) across the broader market on Wednesday, expanding offerings for the token. Intriguingly, the exchange revealed that it is adding the crypto to loanable assets and VIP loans, sparking investor enthusiasm globally. Meanwhile, market watchers speculate whether the enhanced offering could propel a reversal in the coin’s price, given it traded down nearly 4% in tandem with the announcement.

Binance Announcement On EIGEN Sparks Investor Enthusiasm

As per an official Binance announcement dated October 16, EigenLayer has been integrated into the exchange’s ‘Loans (Flexible Rate) and VIP loans’ starting today. This announcement has set off optimistic waves, offering market participants enhanced exposure when dealing with the asset. Flexible rates allow users to borrow funds at a variable interest rate, adjustable periodically based on market conditions. VIP loans on the platform primarily cater to high-volume users, providing more favorable terms or larger borrowing limits.

Binance EigenLayer AnnouncementBinance EigenLayer Announcement

Altogether, the leading crypto exchange’s announcement fuels optimism on the asset’s future prospects as it magnetizes more investors to the digital asset. Simultaneously, it’s also worth noting that the exchange’s previous plans to bolster the same project have injected additional optimism into the crypto.

CoinGape Media recently reported that Binance modified leverage and margin tiers for the abovementioned token. Simultaneously, another report revealed that the exchange introduced trading bots services for EIGEN/TRY. Overall, the enhanced offerings underscore the leading exchange’s support to the project, sparking optimism.

EIGEN Price Drops

However, despite the abovementined announcements, EigenLayer appears to be riding a bearish wave. EIGEN price today traded at $3.33, down nearly 6% in the past 24 hours. Moreover, the coin’s weekly chart shows a 19% crash. This slumping action aligns with a massive 11.22 million coins added to the supply as a part of token unlocks on October 15.

Besides, Coinglass data showed a 7% drop in the coin’s futures OI to $132.06 million. Further, even the derivatives volume dipped nearly 13% to $357.61 million. This data further aligns with the coin’s price fall, hinting at reduced investor interest in the asset. Nevertheless, crypto market enthusiasts continue to eye the token for future price action shifts in light of the enhanced offerings.

It’s worth mentioning that Catizen (CATI) listing on Binance resulted in a phenomenal rally as the exchange offered enhanced trade offerings. CATI price is up over 400% to date post-debut on the exchange. This hints that even EIGEN could rally ahead with enhanced offerings coming into play.

Additionally, a recent EIGEN price analysis by CoinGape also reveals that the token eyes a $5 target ahead in the wake of increased whale accumulations.

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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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Shiba Inu Bulls Ready To Charge, But This Ethereum-Based DeFi Project Could Deliver 20000x Gains Before 2025

Published

14 hours ago

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October 16, 2024

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The cryptocurrency space is beginning to heat up as Shiba Inu bulls are priming to take their positions in the market. However, this emerging Ethereum-based token, ETFSwap (ETFS), is capturing the attention of crypto enthusiasts with its prediction of 20000x gains before 2025.

Shiba Inu Bulls Make The Easy Decision Favouring ETFSwap (ETFS)

Although Shiba Inu bulls are ready to storm the market, they have shown some hesitation in considering Shiba Inu’s (SHIB) price. The price of the meme coin has not given enough impetus to Shiba Inu bulls to invest heavily in it as they were quick to discover the 20000x profit predicted for ETFSwap (ETFS) before the year ends. 

On the other hand, the value of the Ethereum-based token continues to soar, selling more than 13 million units and raising almost $1.76 million in its third presale stage. Despite Shiba Inu’s (SHIB) plummeting price, this Ethereum-based token, ETFSwap (ETFS), continues to touch new highs in sales due to the influx of investors who have observed the token’s extensive utility and stability.

Furthermore, given its decentralised ecosystem and 24/7 uptime, Shiba Inu investors have full ownership of their purchased ETFSwap (ETFS) tokens and can trade them without any constraints. This hassle-free trading approach offered by this Ethereum-based token is attractive to crypto whales, especially Shiba Inu bulls, who keep teeming with the purchase of ETFS tokens.

Arguably, ETFSwap (ETFS) is presently the most valuable crypto asset in the market. Considering that you can stake the token for a passive gain of up to 36% of your stake and an Annual Percentage Rate yield of up to 87%, ETFSwap (ETFS) will exponentially increase the gains of its investors before the year ends.

ETFSwap (ETFS) Becomes The Preferred Choice For ETF Trading

It is unsurprising when savvy crypto investors show a preference for measurable market data necessary for making informed trading choices and market analysis. For this reason, ETFSwap (ETFS) has won the hearts of many savvy crypto enthusiasts, including Shiba Inu bulls, with its real-time data feed that shows price performances and market conditions. These unique features make trading on the Ethereum-based platform safer and more rewarding.

In addition, ETFSwap (ETFS) provides a variety of tokenized ETFs, which help facilitate trades on the Ethereum blockchain. This innovation has piqued the interest of traditional financial institution giants as they continue to collaborate with ETFSwap (ETFS). Hence, the platform has stirred the fear of missing out on tons of investors looking to expand their investment portfolios in crypto and commodity ETFs. 

The platform also provides advanced AI features to remove trading bottlenecks. The ETFSwap (ETFS) platform features an ETF Filter, screener, and tracker to help enhance users’ trading experiences.

Before the beta platform launch, the crypto community was buzzing with excitement, anticipating a phenomenal innovation. The phase 1 beta launch of the ETFSwap (ETFS) platform in a few days will surpass investors’ expectations, and it will feature a fully functional backend that has been thoroughly tested and rolled out. 

Although smart contracts are secure, the ETFSwap’s (ETFS) team has shown its commitment to protecting investors’ funds by undergoing a KYC verification by a smart contract auditing firm, SolidProof. Besides this, to defray the fear of cyber attacks and hacks, the platform was also thoroughly audited for vulnerabilities by CyberScope, a smart contract auditing firm.

Conclusion

ETFSwap (ETFS) is breaking presale records as meme coin investors, including Shiba Inu bulls, flock to accumulate the Ethereum token. This trajectory has been the focal point of crypto investors like Shiba Inu bulls. Investors are advised to claim their share of these 20000x gains by buying ETFS at a presale price of 0.03846. 

In addition, investors can get a 50% discount when they use the promo code “ETFS50”.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

 



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