Author: Sam Allcock

Moodeng, the Ethereum meme coin, captures attention with a staggering 480% rally in just 24 hours. This explosive growth follows influential remarks from Ethereum co-founder, Vitalik Buterin.Buterin’s comments on social media ignited investor interest, leading to a remarkable surge for the coin named after a Thai baby hippo.Impact of Vitalik Buterin’s EndorsementVitalik Buterin’s influence in the crypto world is undeniable. His recent mention of the Moodeng coin on social media acted as a significant catalyst for its unexpected rise. The impact of his endorsement was swift, driving a frenzy of trading activity that propelled Moodeng’s value upwards. Buterin is known…

With the cryptocurrency market’s dynamic nature, Dogecoin is stirring interest among traders. The leading meme coin is positioned for potential upward mobility amidst market anticipation.Renowned analysts foresee a substantial breakout for Dogecoin, possibly marking the onset of a significant price rally. As market trends unfold, all eyes remain on DOGE, which might soon surprise investors with an impressive performance.Dogecoin’s Potential for GrowthThe cryptocurrency market is predominantly steered by Bitcoin, often influencing the performance of other digital currencies. In the meme coin sector, Dogecoin has emerged as a noteworthy contender. However, in the early months of 2024, DOGE has yet to…

October presents a unique opportunity in the cryptocurrency market with potential significant gains. AI-driven evaluations predict promising prospects for certain coins.Insights reveal that Bitcoin, Ethereum, and Solana are positioned for notable growth. This article examines their potential trajectories.Bitcoin: The Market LeaderBitcoin remains the most influential cryptocurrency, setting trends and establishing benchmarks within the industry. It is recognised for its potential to withstand geopolitical fluctuations and economic downturns owing to its market dominance. Predictions indicate an impressive ascent to $88,000 by November 2024, suggesting that Bitcoin remains a crucial asset for investors seeking stability and growth.The CoinCodex prediction supports a 39%…

Nigeria has taken a significant step by abandoning the US dollar in its crude oil trading. This strategic decision occurs just ahead of the BRICS Summit, indicating potential economic shifts.The shift towards using local currencies instead of the US dollar marks a pivotal change in Nigeria’s economic policies. It underscores the country’s intention to align more closely with the BRICS bloc, potentially altering global economic dynamics.Nigeria’s Strategic Economic ShiftNigeria has declared its intention to depart from the US dollar in the trading of its crude oil. By choosing to conduct transactions in local currencies such as the Naira, Nigeria aims…

Exploring avenues to purchase digital currencies reveals new markets. Understanding the processes is key.Cryptocurrencies have gained traction, with Sberbank facilitating easier access. This guide delves into the essential steps.Understanding CryptocurrencyCryptocurrency is essentially digital money that circulates over decentralised blockchain networks. This innovation allows for transactions without the oversight of any central authority, such as a government or bank. Bitcoin, introduced as the first cryptocurrency, laid the groundwork for many subsequent digital currencies, each boasting unique uses and characteristics.The value brought by cryptocurrencies revolves around facilitating transactions, storing wealth, and engaging with the digital currency ecosystem. Through their decentralised nature, these…

UK wine retailers campaign against government’s alcohol duty increase.Major retailers fear increased tax bands will raise costs for businesses.Proposed changes include 2p duty rise for each 0.1% alcohol strength increase.Future availability of quality wines in the UK may be affected.Retailers urge public support to influence governmental decisions.The looming alcohol duty hike proposed by the UK government has sparked a campaign from leading wine retailers, including Majestic Wine and Laithwaites, who are seeking to halt the impending changes. These retailers are particularly concerned about the adverse implications for their business operations if the scheduled reforms proceed.A significant aspect of the proposed…

The dominance of the US dollar in global trade is under scrutiny as ASEAN countries explore alternatives.With rapidly growing economies, ASEAN is spearheading a shift to strengthen regional commerce with local currencies.Countries and Their Trade AgreementsThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Recently, these nations have signed agreements to enhance the use of local currencies over the US dollar. This initiative also involves countries beyond ASEAN, including South Korea, China, and Japan, showing a collective effort towards regional financial stability.How Will These Countries Carry Out Trade?A task force…

Dash Water reveals a new cucumber and mint flavour to refresh its sparkling drinks line.The new flavour seeks to replace the existing cucumber variant in Dash’s lineup.Co-founder Jack Scott anticipates the new blend will captivate the brand’s consumers.Dash is enhancing its marketing efforts to highlight diet drink alternatives.The brand is on the brink of financial success with its first projected profit.Dash Water is updating its sparkling drinks selection by introducing a new cucumber and mint flavour. This launch is intended to replace the current version of their cucumber drink, aiming to inject a fresh perspective into their offerings. Set to…

Solana (SOL) is showing signs of recovery following its recent downturn. The popular crypto asset is up by 1.9% on daily charts and 15% over the past month. Yet, it remains 5.5% down weekly.The current performance of Solana (SOL) suggests a resilient market response to recent dips. Despite a significant drop to the $134 level last week, SOL’s recovery aligns with the broader trend of market resurgence. This pattern is seen across numerous digital currencies as confidence in the cryptocurrency market appears to be strengthening.The resurgence of Solana can be attributed to several key factors. A pivotal influence is the…

Robinhood’s Chief Legal Officer, Dan Gallagher, is in the spotlight as a potential successor to the current US Securities and Exchange Commission (SEC) Chair, Gary Gensler, if Donald Trump wins the upcoming presidential election.This speculation arises amidst the ongoing discord between the SEC and the cryptocurrency industry, with Gallagher seen as a pivotal figure in reshaping the agency’s approach to digital assets.The SEC has consistently challenged the cryptocurrency market, engaging in legal actions against several digital asset companies. A prominent example is the extended legal confrontation with Ripple Labs, where the company achieved a notable victory, although the SEC has…