Blockchain
Lovely Finance: A Meme Coin With Utility
Cape Coral, Florida–(Newsfile Corp. – November 16, 2021) – Lovely is a utility, meme token launched on the BSC on the 31st of July 2021. Although Lovely is a project in its infancy it is clear what the team’s motives are with regards to the progression of their project. Within three months since launch the Lovely team have already attained a steady market cap of $24 million and have launched a liquidity farming and staking system on their website, the Lovely team are aspiring to revolutionize the meme token trend by offering unique utility unlike any other, they also have partnered with some projects on the BSC to list on their DEX and many more are coming in the near future.
Figure 1: Lovely Finance: A Meme coin with utility
There is a total supply of 60 trillion with around 61% of the supply still in circulation. The goal of the Lovely team is to generate volume to see their market cap and price valuation to $0.01, with the exponential growth they’ve accumulated so far it is not without question that Lovely will keep this tremendous rise going. Lovely will capitalize fully on the popularity of meme tokens by offering substantial utility to all their holders for many years to come.
The road so far:
Lovely was launched on Pancake Swap on the 31st of July and the team and investors have enjoyed huge success since. The progression of the project itself run such a short space of time can be illustrated by their growth so far, holders increase every day, new CEX listings popping up regularly on some of the biggest CEX’s out there with names such as LaToken, Bitmart, CoinTiger, Hotbit, Bkex and P2P B26 with multiple top tier exchanges in the pipeline. The holder count of Lovely has risen to a staggering number of 42,000 in a matter of months and with these prolific exchange listings, the volume will sustain and continue to increase over time. Lovely can also be found on both Coin Gecko and Coin Market Cap for anybody who wants to find out more about the project through these established outlets. This projects credibility and legitimacy increase vastly with every passing day and the team has the connections to further develop this project and they are very committed to the success of Lovely Finance, the goal is mass adoption and passive income to all, with the Lovely team working tirelessly these become a high possibility to their investors. For extra security purposes, the Lovely team is undergoing a third-party audit which should be completed very soon. The Lovely community is growing every day with over 130k followers on Twitter and an ever-present, active Telegram group the buzz is building around Lovely, and the team is dedicated to bringing long-term sustainability to their investors.
The true utility of Lovely:
In such a short space of time, the team has already achieved so many milestones, with Cex listings, prolific informative site listings, aggressive marketing, and exponential community growth the reach of Lovely increases every day but the utility of this project provides is what brings the true value to Lovely. This dev team are knocking out developments and updates at a staggering pace, not only does Lovely have a fully functional launch pad, farming, and staking unit but the Lovely exchange is in advanced development stages along with their very own wallet and a free play Casino on the way for all users.
People who understand crypto can understand the true innovation this team has and they are not stopping here, the team recognizes the true potential of Lovely in the market we are in where the interest right now is in meme token, the branding of Lovely says meme but the work of the team proves utility. There is so much more on the way with the Lovely team and the team keep an open line of communication with their investors with AMA’s and through their well-versed moderators who are there at a moments notice, the Lovely Telegram is a well-oiled machine and very hyped community, one of the best in the BSC and the team’s transparency has been the key to it all, they have been very active and engaged to assist all their investors and to also update them with the constant rollout of plans with Lovely.
Another huge advantage of the Lovely token for their investors is the 0% tax per buy and sell so people trading can do so freely without worrying about being heavily taxed, the mindset of this team is to appease all investors and they are doing an excellent job so far.
Lovely is the future of Meme coins:
In a market saturated with useless meme coins using hype to generate volume the Lovely team has targeted the true potential of meme coin marketing by offering a friendly logo to enhance the branding and exposure of Lovely, but the most vital thing about the project is the dedication of the dev to provide something truly innovative, they work daily to bring updates and develop the use cases of Lovely Finance. The launchpad is fantastic and has run very smoothly with every project onboarded so far, investors and holders are benefiting hugely from staking and farming, they are accumulating their Lovely rewards and other selections and they are very happy to be ‘diamond handing’ this one.
With the Lovely wallet being in development the team predicts an influx of users and investors for the Lovely further expanding the utility of the project and soon the Lovely token will be the most talked-about project on the BSC, there are very few projects that can compare to this projects use cases within any network, not just the BSC, the team wants to fully capitalize on the true potential of the BSC. Everyday investors, new investors, and competent investors will fully understand what the Lovely team is trying to do, and with the abundance of developments, daily, weekly, and monthly, it is almost guaranteed that this $24 million floor won’t be around for much longer.
This team is transparent, fully dedicated, and passionate about the success of Lovely and the people who doubted them months ago, their concerns would’ve been fully eradicated by now. This project and team are aspiring to be a mainstay on the BSC and to bring their investors the best projects on the network by becoming a home for some of the top projects launching on the network, offering utility’s for start-up projects while attaining extra exposure for Lovely organically. The Lovely project has utility and soon everybody will want a part of it.
Website: https://lovely.finance/
Telegram announcement channel: https://t.me/lovelyinu_channel
Telegram group chat: https://t.me/lovelyinu_coin
Twitter: https://twitter.com/Lovely_finance
Instagram: https://instagram.com/lovely_inu
YouTube: https://youtube.com/channel/UC8zILmP8leSpFqOnUdFIpUQ
Media Contact:
Dave Ruiz
[email protected]
Telegram: https://telegram.me/cryptokidfinance
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103640
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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