NFT

PHNIX Memecoin Achieves Major Listing Milestone on MEXC Exchange

Saturday. December 28 at 4:00 AM

1 min. read

The PHNIX memecoin, based on the XRP Ledger, has reached a significant milestone with its first major listing on a centralized exchange. MEXC, a prominent cryptocurrency exchange, recently listed PHNIX for spot trading paired with USDT. This listing marks a significant step for PHNIX, which was launched on December 3 amidst growing interest in meme coins on the XRPL ecosystem. PHNIX symbolizes themes of rebirth and resilience linked to the XRP and Ripple communities. Prior to its listing on MEXC, PHNIX traded exclusively on XRPL's FirstLedger DEX. Following the listing, heavy trading activity has been observed, with over 6.16 billion tokens traded in the last 24 hours, amounting to a trading volume exceeding $425,000. The coin's price surged by more than 116% post-announcement, reflecting its success and the broader revival of XRP and its community. PHNIX's listing on MEXC signifies a positive trajectory for the token, attracting more attention from traders and institutional investors within the XRP community and beyond.

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NFT Market Trends in 2024

Thursday. January 2 at 2:00 PM

In 2024, NFTs saw a total sales volume of $8.8 billion, a slight increase from the previous year. Ethereum and Bitcoin were the top blockchains for NFT sales, with Solana ranking third. Despite facing challenges like a seven-month downturn, the market rebounded in October with sales rising to $353 million. November and December also saw significant sales, with Ethereum collections contributing significantly. However, challenges persisted, with Kraken shutting down its NFT marketplace and oversaturation affecting trading activity. While late-year gains showed resilience, the market is shifting towards more utility-driven applications. The introduction of innovative platforms and projects like FIFA Rivals indicate potential growth in 2025. Investors are advised to verify facts independently before making decisions based on market trends.

NFT

The Rise of Memecoins in the Crypto Market

Thursday. January 2 at 1:00 PM

Despite a recent vote, Floki's price has dropped by 3.6% in the last 24 hours. The Floki DAO, which oversees the Floki memecoin, has decided to use some of its tokens for liquidity in a new exchange-traded product (ETP) set to launch in 2025. This move aims to attract traditional finance investors in Europe to the memecoin, currently ranked 66th by market cap. Memecoins were one of the top-performing crypto narratives in 2024, with a significant increase in investor interest. However, this trend has sparked debates within the industry, with some advocating for a shift towards more utility-focused projects. Despite the divide, memecoins continue to gain popularity, with platforms like Pump.fun driving significant revenue on Solana. The future of memecoins remains uncertain, with industry leaders calling for a balance between memes and real blockchain applications.

NFT

Analysis of FARTCOIN's Recent Surge

Wednesday. January 1 at 8:00 PM

FARTCOIN, a meme coin, has surged by 21% in the last 24 hours, surpassing all other top 100 coins. Trading at $1.01, on-chain data indicates a strong bullish sentiment around the coin, potentially leading to further gains in the short run. The Long/Short Ratio for FARTCOIN is at 1.04, showing a preference for long positions in the derivatives market. A ratio above 1 signifies more traders holding long positions, indicating optimism for price appreciation. Additionally, the coin's open interest has risen by 28%, reflecting increased activity and new money entering the market during the price rally. With an RSI of 59.11, FARTCOIN's buying momentum remains strong, suggesting a potential price increase towards its all-time high of $1.29. However, a selloff spike could lead to a drop to $0.48. This analysis serves for informational purposes only, and readers are advised to conduct their own research before making financial decisions.

NFT

X Money: The Future of Social Media and Finance Integration

Wednesday. January 1 at 3:00 PM

Linda Yaccarino, CEO of X (formerly Twitter), recently announced the launch of X Money in 2025, a new payment system aimed at transforming X into a multifunctional platform. The initiative, part of X's evolution beyond social media, includes features like X TV and Grok, X's AI chatbot, promising a fully integrated digital experience. Content creator Alex Finn praised the innovation, foreseeing it as a game-changer that could revolutionize X. Finn highlighted the seamless money transactions within the platform, enabling features like tipping on posts and live streams. Despite potential challenges like regulatory hurdles and competition, X Money has the potential to establish X as a leader in the intersection of social media and fintech. The development aligns with CEO Elon Musk's vision to transform X into an 'everything app' akin to WeChat. Musk, who has shown ambitions beyond social media, is yet to comment on the announcement. The launch of X Money signifies X's long-term planning and commitment to diversification.

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