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FreeRossDAO price

FreeRossDAO priceFREE

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Price of FreeRossDAO today

The live price of FreeRossDAO is $0.{4}8290 per (FREE / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $56,929.05 USD. FREE to USD price is updated in real time. FreeRossDAO is 0.32% in the last 24 hours. It has a circulating supply of 0 .

What is the highest price of FREE?

FREE has an all-time high (ATH) of $0.01003, recorded on 2021-12-16.

What is the lowest price of FREE?

FREE has an all-time low (ATL) of $0.{4}3240, recorded on 2023-04-27.
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FreeRossDAO price prediction

When is a good time to buy FREE? Should I buy or sell FREE now?

When deciding whether to buy or sell FREE, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget FREE technical analysis can provide you with a reference for trading.
According to the FREE 4h technical analysis, the trading signal is Neutral.
According to the FREE 1d technical analysis, the trading signal is Sell.
According to the FREE 1w technical analysis, the trading signal is Sell.

What will the price of FREE be in 2026?

Based on FREE's historical price performance prediction model, the price of FREE is projected to reach $0.0001322 in 2026.

What will the price of FREE be in 2031?

In 2031, the FREE price is expected to change by +40.00%. By the end of 2031, the FREE price is projected to reach $0.0004048, with a cumulative ROI of +390.31%.

FreeRossDAO price history (USD)

The price of FreeRossDAO is +34.38% over the last year. The highest price of in USD in the last year was $0.003479 and the lowest price of in USD in the last year was $0.{4}6068.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+0.32%$0.{4}8210$0.{4}8309
7d-6.69%$0.{4}7823$0.{4}8781
30d-91.00%$0.{4}7823$0.001177
90d-87.58%$0.{4}7823$0.001183
1y+34.38%$0.{4}6068$0.003479
All-time-99.15%$0.{4}3240(2023-04-27, 1 years ago )$0.01003(2021-12-16, 3 years ago )

FreeRossDAO market information

FreeRossDAO's market cap history

Market cap
--
Fully diluted market cap
$769,942.9
Market rankings
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FreeRossDAO holdings

FreeRossDAO holdings distribution matrix

  • Balance (BTC)
  • Addresses
  • % Addresses (Total)
  • Amount (BTC|USD)
  • % Coin (Total)
  • 0-100000000 FREE
  • 43.92K
  • 93.47%
  • 185.26B FREE
    $20.38K
  • 1.85%
  • 100000000-1000000000 FREE
  • 2.35K
  • 5.00%
  • 697.71B FREE
    $76.75K
  • 6.98%
  • 1000000000-10000000000 FREE
  • 566
  • 1.20%
  • 1.48T FREE
    $162.35K
  • 14.76%
  • 10000000000-100000000000 FREE
  • 144
  • 0.31%
  • 3.5T FREE
    $384.51K
  • 34.95%
  • 100000000000-1000000000000 FREE
  • 7
  • 0.01%
  • 2.15T FREE
    $236.04K
  • 21.46%
  • 1000000000000-10000000000000 FREE
  • 1
  • 0.00%
  • 2T FREE
    $220K
  • 20.00%
  • 10000000000000-100000000000000 FREE
  • 0
  • 0.00%
  • 0 FREE
    $0
  • 0.00%
  • 100000000000000-1000000000000000 FREE
  • 0
  • 0.00%
  • 0 FREE
    $0
  • 0.00%
  • 1000000000000000-10000000000000000 FREE
  • 0
  • 0.00%
  • 0 FREE
    $0
  • 0.00%
  • >10000000000000000 FREE
  • 0
  • 0.00%
  • 0 FREE
    $0
  • 0.00%
  • FreeRossDAO holdings by concentration

    Whales
    Investors
    Retail

    FreeRossDAO addresses by time held

    Holders
    Cruisers
    Traders
    Live coinInfo.name (12) price chart
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    FreeRossDAO ratings

    Average ratings from the community
    4.6
    100 ratings
    This content is for informational purposes only.

    About FreeRossDAO (FREE)

    The Revolutionary FreeRossDAO Token: An Exemplar of Blockchain Power

    The cryptocurrency universe has brought to life numerous valuable assets that have left a significant mark on the financial realm. One such digital currency that has been a buzzword among crypto enthusiasts is the FreeRossDAO Token. The token is a tangible representation of the broadening horizons of the blockchain and crypto technology. Casting light on its historical significance and key features thus provides an understanding of the remarkable financial shift brought about by such structural implementations.

    Historical Significance

    The inception of the FreeRossDAO Token is deeply rooted in the immense potential of blockchain technology. It demonstrates the significance of decentralized finance (DeFi) and the power of collective decision-making. Built on the increasingly popular Decentralized Autonomous Organization (DAO) concept, the token goes beyond being mere digital money.

    DAOs represent a revolutionary shift in asset management and decision-making, transferring power from a central authority to a network of peers. This model allows token holders to voice their opinions on matters related to the project, essentially becoming stakeholders.

    FreeRossDAO Token symbolizes this revolutionary ideology. It not only embodies a fresh approach to financial systems but also stands as an icon of change in societal systems influenced by the digital realm. Therefore, while often categorized under the umbrella of cryptos, the historical implications of DAO tokens extend far beyond.

    Key Features of FreeRossDAO Token

    1. Decentralization: True to the spirit of DAOs, the decision-making power does not rest with a central governing body but is dispersed among the token holders. This ensures an open, democratic process, free from the constraints of conventional hierarchical structures.

    2. Transparency: All transactions and decisions associated with the FreeRossDAO Token are recorded on the blockchain. This ensures complete transparency, as anyone can verify and audit these open-source smart contracts.

    3. Security: Given that the blockchain technology underpins the token, security is inherent to its design. Blockchain's immutable and tamper-proof nature ensures that transactions are secure and reliable.

    4. Utility: The FreeRossDAO Token is not just a store of value but a functional token. It serves a specific purpose within the FreeRossDAO ecosystem, allowing token holders to participate in governance decisions.

    5. Community-driven: The FreeRossDAO Token reflects the collective will of the community, fostering a sense of unity and collaboration. Every holder has a say in the project's future direction, making it an emblem of inclusive capitalism.

    In conclusion, the FreeRossDAO Token exemplifies the profound potential of blockchain and DAO. Its historical significance goes beyond the crypto space, sparking conversations about decentralization and collective decision-making in larger societal systems. Meanwhile, its salient features not only shape the ethos of digital currencies but also embody the very spirit of a shared and open financial future. As the world stands on the brink of a digital financial revolution, understanding the essence of the FreeRossDAO Token becomes crucial.

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    FreeRossDAO news

    Elon Musk’s DOGE could be on a collision course with Trump supporters with NASA assignment
    Elon Musk’s DOGE could be on a collision course with Trump supporters with NASA assignment

    Share link:In this post: Elon Musk’s team is currently auditing NASA’s expenditures and contracts, particularly the Artemis program. Senator Ted Cruz intends to introduce legislation to safeguard the Artemis project. Musk’s audit has created tension between Republican lawmakers who support the DOGE initiative and those who want to protect the local jobs tied to Artemis.

    Cryptopolitan2025-02-16 13:44
    Will Trump tariffs reduce trade deficits? The nation by nation tariff deal
    Will Trump tariffs reduce trade deficits? The nation by nation tariff deal

    Share link:In this post: Trump’s efforts to reduce trade deficits, which rose by 14% last year using tariffs, have had no impact. Experts say that the stronger the dollar grows, the more the trade deficit increases. The US president believes that Brazil, India, and the EU have treated the United States unfairly with their taxes.

    Cryptopolitan2025-02-15 19:22
    Anthropic warns Google search proposal will harm US AI investment
    Anthropic warns Google search proposal will harm US AI investment

    Share link:In this post: Anthropic told a federal court that banning Google from AI investments would hurt US innovation and give OpenAI and Meta an unfair advantage. Google invested $3 billion in Anthropic, but regulators want to cut that off as part of an antitrust case, even though Google’s own DeepMind would be unaffected. Google AI chief Demis Hassabis dismissed concerns about China’s DeepSeek, calling its claims exaggerated but admitting it’s the best AI team to come out of China.

    Cryptopolitan2025-02-15 19:22
    Ripple omits CBDCs in new website design, aligns with Trump executive order
    Ripple omits CBDCs in new website design, aligns with Trump executive order

    Share link:In this post: Ripple has removed CBDCs from its redesigned website, aligning with United States President Donald Trump’s executive order. The XRP community has shared perspectives about the removal of CBDCs from the revamped website. Ripple’s broader plans are in focus after Donald Trump’s executive order.

    Cryptopolitan2025-02-15 19:22
    Amazon delays the revamped AI assistant again, faces technical glitches
    Amazon delays the revamped AI assistant again, faces technical glitches

    Share link:In this post: Amazon will delay the release of its upgraded Alexa again, almost a year and a half after it was first announced. Alexa is reportedly giving incorrect answers, resulting in delays in releasing the virtual assistant. Meanwhile, Apple is also reportedly experiencing engineering glitches with its Siri.

    Cryptopolitan2025-02-15 19:22
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    FAQ

    What is the current price of FreeRossDAO?

    The live price of FreeRossDAO is $0 per (FREE/USD) with a current market cap of $0 USD. FreeRossDAO's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. FreeRossDAO's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of FreeRossDAO?

    Over the last 24 hours, the trading volume of FreeRossDAO is $56,929.05.

    What is the all-time high of FreeRossDAO?

    The all-time high of FreeRossDAO is $0.01003. This all-time high is highest price for FreeRossDAO since it was launched.

    Can I buy FreeRossDAO on Bitget?

    Yes, FreeRossDAO is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in FreeRossDAO?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy FreeRossDAO with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy FreeRossDAO (FREE)?

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    1d
    Will Wall Street Pepe Become A Top 20 Meme Coin? ChatGPT Predicts It Can After $73M Presale
    Wall Street Pepe ($WEPE) could rapidly become a top 20 meme coin after its launch on Monday—and potentially bulldoze its way into the top 10, ChatGPT said. As WEPE prepares to launch on Uniswap on Monday at 2 p.m. UTC, it has gained huge attention for its bold aim of ending whale domination in the meme coin market. “Wall Street Pepe isn’t just another meme coin,’’ said the ChatGPT AI chatbot. ‘’It comes with a unique value proposition. $WEPE’s mission to reduce whale manipulation and empower retail investors could resonate deeply with the broader crypto community.’’ Wall Street Pepe coin is the standout presale of the year after raising more than $73 million in a fraction more than two months, selling out six days early because of huge demand. It’s branded as a movement more than just another meme coin, and draws inspiration from the Wall Street Bets Reddit movement, where retail investors took on Wall Street giants. Wall Street Pepe wants to repeat that feat in the crypto space by empowering the little guy to challenge secretive insider whale groups. It will provide access to trading insights of the type usually reserved for Wall Street professionals by curating information on what to buy, and when to buy and sell it. Influential YouTuber ClayBro, with more than 136 subscribers, says Wall Street Pepe coin has 10x potential after Monday’s launch – and that he’s bought it himself. Breaking into the top 20 would mean WEPE soaring to a market capitalization of more than the $277.7 million currently amassed by Baby Doge Coin (BABYDOGE) . While Wall Street Pepe has ‘’a real shot’’ at breaking into the top 20, ChatGPT said breaking into the top 10 will be a much tougher feat because of competition from established giants like Dogecoin and Shiba Inu. But it didn’t rule out the possibility. “Wall Street Pepe’s ability to capitalize on viral moments, influencer support, and social media hype could give it the momentum needed to push through to the top ranks,’’ it said. “A listing on tier-one exchanges could provide the liquidity and visibility needed for $WEPE to break into the top 10 meme coins.’’ Meanwhile, chatbot Perplexity also says WEPE has a lot of factors supporting its potential surge into the top 20: WEPE set a really high bar to beat in the presale market after its $73 million raise. But can it be knocked off its perch as the top presale of 2025? One standout new project that might challenge it is BTC Bull Token ($BTCBULL) . It’s already raised $1.6 million in just five days since it launched early last week at a time when the broader crypto market is struggling. Investors are flocking to buy a meme coin that is offering its holders free, real Bitcoin. Investors will receive Bitcoin airdrops every time the king of cryptos hits a new price target. The Bitcoin airdrops start when the Bitcoin price hits $150,000, and repeat with every subsequent $50,000 increase. Wall Street Pepe Presale Explodes Past $62M
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    1d
    After the Argentine president issued Meme coins and then denied it, public outrage ensued. Who profited and who was cut?
    Author: jk, Odaily Planet Daily This morning around 6 AM Beijing time, Argentine President Javier Milei posted a tweet on his official X account that shook the market: he announced the launch of the Meme coin Libra and revealed the related smart contract address. Once the news broke, the market reactions were very diverse, some people thought the Argentine president's account was hacked, while some Meme players rushed into the market (the old players have been sufficiently educated that authenticity doesn't matter). Previous reports indicated that the price of LIBRA briefly surpassed $7.8, with a total market cap reaching $3.5 billion at one point. Soon after, Milei's Instagram account also posted a screenshot of the same tweet, quickly dispelling the theory of hacking (as the likelihood of both Instagram and X accounts being hacked simultaneously is very low), further intensifying the market's attention on Milei's coin launch. However, the subsequent market trend slapped all investors in the face. Unlike the longer rising cycles of Trump Coin and Melania Coin, Libra followed the classic route of cutting leeks. After rising above $4, Libra began to plummet like a waterfall: it fell from $4 to around $2, then encountered a brief plateau around $1, finally dropping to about $0.16 now. It can be said that Libra is now completely done for. Subsequently, the president himself deleted that tweet and claimed he "didn't know much about the project." The trend of Libra, source: GeckoTerminal According to President Milei's tweet a few hours ago, the project associated with Libra (Project Viva La Libertad) mainly aims to promote the Argentine economy by funding small projects and local businesses, supporting those who seek to develop enterprises and contribute to the country's development. The project's website also indicates that any private enterprise in Argentina can apply for investment by filling out a form. At the bottom of the website, a small line states that the project is a private initiative, developed by Kip Protocol. Later, Kip Protocol also emphasized that the LIBRA token is part of the "Viva la Libertad" project, which is entirely operated by private enterprises, and that Argentine President Milei was not involved in its development. While investors were cut, it inevitably means that someone profited. Who are the ones profiting? Data points to the team behind it and early speculators. According to blockchain analysis platform LookOnChain, eight wallets associated with the LIBRA team have cumulatively cashed out 57.6 million USDC and 249,671 SOL (approximately $49.7 million) through liquidity addition, liquidity removal, and transaction fee collection, totaling $107 million. As for early speculators and insider trading, on-chain data analyst Yu Jin monitored that insiders of LIBRA profited at least $20.18 million. This address operated in the hours before the tweet was released, withdrawing USDC and SOL from CEXs like Binance, Bybit, and Kucoin to prepare funds; they bought in the first second after the Argentine president's tweet was posted; and sold off in batches after the market pushed LIBRA up. Among them, at least three addresses operated in unison. Thus, the anger of investors is currently mostly directed at Kip Protocol; it's no wonder they posted on the X platform stating, "Libra is a success." Tweet, source: Kip Protocol X It is still unclear whether the team behind Libra only refers to Kip Protocol. Meanwhile, some netizens have dug up that Kip Protocol may also have certain connections with Animoca, but Animoca immediately clarified that it has no relation to the issuance of Libra tokens. At the same time, some community members pointed out that a significant number of investors rushed in initially because the token address for Libra could be searched on Moonshot. However, this was actually a misunderstanding; unlike Trump, which was officially certified and could be searched and purchased, the LIBRA token was not officially certified by the Moonshot platform but was displayed using the platform's latest "token registration feature." The Moonshot platform allows users to search for projects via contract addresses but does not verify them, and it has a risk warning on the page. If one only searches for the name Libra, it cannot be found. Additionally, against the backdrop of severe market fluctuations, Solayer team member Chaofan Shou posted on the X platform that he and team engineer @tonykebot lost over $2 million in LIBRA trading, along with a list of core members of KIP Protocol, hinting that action might be taken. Shou also captioned: "Let's see what two hackers and a free weekend can bring us."
    UP0.00%
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    InsideBitcoin News
    InsideBitcoin News
    1d
    New Cryptocurrency Releases, Listings, & Presales Today – DEV AI, Analog, Deep AI
    Chinese venture giant Gaorong Ventures invests $30 million in HashKey Group, boosting new crypto listings. Major Chinese investors are increasingly entering the crypto space despite Beijing’s 2021 ban. Venture capital’s growing confidence in digital assets signals a shift toward institutional acceptance. HashKey Group’s valuation remains stable at $1.5 billion, demonstrating resilience in the crypto investment market. Global crypto startups maintain steady funding levels, with $10 billion raised in recent quarters. Institutional investors carefully evaluate opportunities while Bitcoin’s value continues to demonstrate strong market performance. DEV AI streamlines blockchain development with AI-driven smart contract generation, security enhancements, and seamless deployment. Analog introduces a Proof-of-Time consensus, enabling secure, high-speed cross-chain communication through its Timechain. Deep AI merges meme culture with AI by providing token-gated access to robust neural networks. The future of blockchain development is evolving with DEV AI, an innovative AI-powered solution. Initially, the project aims to revolutionise how developers create and deploy smart contracts. Subsequently, developers can generate optimised code through advanced AI suggestions tailored to specific needs. Additionally, the seamless deployment system allows direct integration with multiple blockchain networks without complex setups. Furthermore, the AI-powered system automatically handles security optimisations and code improvements. Finally, developers can focus on creativity while DEV AI handles technical complexities. Among the new crypto listings, DEV AI ppstands out with its groundbreaking on-chain AI computing capabilities. The project eliminates traditional central server dependencies by leveraging blockchain-backed GPU computing power. Moreover, specialised language models provide instant smart contract suggestions and optimisation recommendations. Developers can access high-performance AI computing without experiencing slowdowns or bottlenecks. Furthermore, the system scales automatically based on project requirements and network demands. Lastly, the AI models continuously learn and improve through decentralised computing networks. Recent developments have brought exciting changes to the DEV AI community. The project welcomed MRRydon, co-founder of Aethir, as an advisor, strengthening its position in the AI blockchain space. DEV AI has established strategic partnerships to enhance its capabilities and reach. Through collaboration with Chainbase, the project now offers unified blockchain data access. Additionally, a partnership with Assisterr brings specialised AI creation and monetisation features. The system enables seamless integration between different blockchain networks and AI models. Analog is revolutionising blockchain connectivity through innovative technology. Initially, the project introduces its groundbreaking L0 Timechain with a Proof-of-Time consensus mechanism. Furthermore, this sovereign blockchain establishes seamless connections with multiple networks through built-in features. Meanwhile, the system maintains security through its battle-tested Nominated Proof-of-Stake protocol. Additionally, the decentralised nature ensures fair and permissionless access for all users. Consequently, Timechain acts as a robust accountability layer for network activities. The project’s messaging protocol, Analog GMP, enables seamless cross-chain communication and development. First, users can freely transmit data across different blockchain networks without restrictions. Second, the protocol facilitates token transfers between various chains with remarkable efficiency. Third, developers can create sophisticated cross-chain applications using this innovative solution. Fourth, the system maintains high-security standards throughout all operations. Fifth, integration with multiple chains happens smoothly through the protocol. Lastly, Analog GMP provides a foundation for future cross-chain innovations. Exciting news has emerged about Analog’s partnership with Bitget Exchange. Currently, users can participate in a special promotion to earn $5,000 in ANLOG tokens. This collaboration marks a significant milestone in Analog’s growth journey. The project has garnered support from prestigious investment firms in the crypto space. Initially, Tribe Capital, managing $1.8B in assets, recognised Analog’s potential. Subsequently, Orange DAO joined as an early-stage investor in this promising venture. Meanwhile, Wintermute provides algorithmic trading expertise to ensure market efficiency. Additionally, XFund offers strategic guidance for lateral thinking and experimentation. Moreover, these partnerships demonstrate strong institutional confidence in Analog’s vision. Finally, the collective expertise strengthens Analog’s position in the blockchain industry. Deep AI emerges as a groundbreaking fusion of meme culture and artificial intelligence technology. Furthermore, the project transforms $DEEP tokens into keys that unlock free AI model access. This innovative approach helps users transition smoothly into the Web 3.0 environment. Additionally, the project brings together popular neural networks under one unified service structure. Meanwhile, blockchain integration ensures complete transparency for all service operations. Subsequently, this combination creates a unique value proposition in the rapidly evolving crypto space. The project addresses a crucial gap in the current AI development landscape. Many talented developers struggle to gain visibility for their valuable creations. Therefore, Deep AI provides a collaborative environment where developers can showcase their innovations. Meanwhile, users gain access to seven powerful AI tools through token ownership. Furthermore, these tools include sophisticated text-to-image and animation generation capabilities. Consequently, the project creates a win-win situation for both creators and users. Recent developments have sparked excitement within the Deep AI community. Notably, the developer wallet purchased 4.4M $DEEP at market price, establishing a new all-time high. Subsequently, the team distributed generous airdrops of 333 $DEEP each to 13,000 active traders. The service offers comprehensive AI functionalities that cater to diverse creative needs. First, users can transform written descriptions into stunning visual artwork and animations. Then, they can process videos and generate audio content with advanced AI algorithms. Additionally, the system includes powerful language models for enhanced communication capabilities. Subsequently, image processing tools enable sophisticated visual data manipulation and analysis. Consequently, these features make Deep AI stand out among new crypto listings. The crypto world welcomes an extraordinary innovation with MIND of Pepe’s self-evolving AI agent. Through social media engagement, this AI creates its own unique presence and thought-provoking opinions. Additionally, MIND of Pepe interacts naturally with influencers, sparking meaningful discussions about various tokens. Furthermore, the project’s autonomous growth attracts attention from crypto enthusiasts worldwide. Meanwhile, the AI generates exclusive insights for $MIND token holders. Consequently, early supporters gain significant advantages from AI’s expanding influence. Today’s cryptocurrency market faces challenges with overwhelming information and limited access to opportunities. Therefore, MIND of Pepe steps in to transform complex data into actionable intelligence. Moreover, the project delivers real-time insights through advanced hive-mind analysis techniques. Subsequently, $MIND holders receive early access to emerging market trends. The AI continuously adapts to market changes, driving discussions forward. Thus, the community stays ahead while navigating through market complexities. $MIND stands out with its innovative presale structure. Currently trading at $0.0033188, the presale has already raised over $6 million. Furthermore, buyers can participate using ETH, BNB, or USDT through their preferred wallets. Through its staking program, the project offers unique benefits to presale participants. Token holders can stake their $MIND for impressive dynamic APY rates. Additionally, stakers receive priority access to the AI’s future token creations. Furthermore, the community gains exclusive strategic insights about market movements. Visit MIND of Pepe Presale
    ETH0.00%
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    2d
    Are the "old loyalists of the Qing Dynasty" issuing currency, presenting "revitalizing pills" or "new sickles"?
    Author: flowie, ChainCatcher As the crypto community wails, many "legacy" projects born in the last two cycles are announcing their token launches one after another. Last night, OpenSea announced the launch of the $SEA token, followed by Doodles, which also announced the launch of the $DOOD token on Solana. This comes after the likes of Pudgy Penguins and Azuki, as two more NFT leaders join the token issuance frenzy. Not only in the NFT space, but also in the privacy projects that were popular in the last cycle but have almost disappeared in 2024, it seems that they are also trying to extend their lives through token issuance. Last night, Aztec Network, an Ethereum privacy layer backed by investment giants like a16z and Paradigm, established a foundation, possibly in preparation for an upcoming TGE. Pudgy Penguins, which issued tokens when they were ignored, saw their NFT floor price soar from 11 ETH to 35 ETH due to extremely high yield expectations from community players, with the opening FDV of their token PENGU exceeding $6 billion at its peak. Following the demonstration effect of Pudgy Penguins' token issuance, many blue-chip NFTs have collectively announced their token launches. However, compared to Pudgy Penguins, other NFTs that followed suit seem to have not garnered as much attention, and their NFT and token popularity is far below that of Pudgy Penguins. In mid-January, another blue-chip NFT, Azuki, announced the launch of the ANIME token. While the NFTs within the Azuki ecosystem saw some recovery, the price increases were generally modest, far from the gains of Pudgy Penguins. The Azuki series NFTs saw a daily increase of 17.42%, while other related series NFTs did not show significant rises. In December last year, after Doodles NFT founder Burnt Toast hinted at a token issuance in a tweet, the floor price of Doodles surged in a short time, breaking above 8 ETH before falling back to 6.7 ETH, marking a nearly 60% increase within 24 hours. After the official token announcement this morning, as of the time of writing, the Doodles NFT floor price remains at 4.449 ETH. Once the leading NFT platform, OpenSea, received mixed reactions from the community after revealing its token issuance news. During the NFT boom in 2021, OpenSea raised funds aggressively, with its valuation soaring to $13 billion. While the community actively traded in anticipation of airdrops, OpenSea insisted on pursuing an IPO route, facing backlash from the community. Now that the NFT market has cooled down, OpenSea is following Pudgy Penguins in issuing tokens without having achieved an IPO. In response, crypto KOL @BroLenoAus criticized, "This is OpenSea's last harvest before it turns into a zombie, essentially a death struggle," stating that after receiving the OpenSea airdrop, he would firmly choose to short it. Additionally, the newly launched platform OpenSea 2.0 (OS2), which was prepared for the TGE, has limited free access during the private testing phase to only Gemesis NFT holders, while other users must join a waiting list, causing dissatisfaction among community members who feel it favors early users and neglects the existing user base. However, @ElvisPoldark believes there is a positive side, suggesting that the new features of OpenSea 2.0, leveraged by the token issuance, may provide a new experience and compete with rivals like Blur. For instance, OpenSea 2.0 offers a one-stop service for NFTs and tokens, allowing users to purchase NFTs and tokens across multiple blockchains without manual bridging. Currently, more details about the airdrops and TGE for Doodles and OpenSea have yet to be finalized, and whether they can gain user support remains uncertain. Learning from the experiences of Pudgy Penguins and Trump tokens, "token issuance" may become a lifeline for old projects rather than reinventing the narrative. However, these former leaders backed by VC giants are facing significant bottlenecks and trust crises in their own businesses. OpenSea, once the largest NFT trading platform, peaked at a monthly trading volume of $5 billion in early 2021. However, according to Dune Analytics, its NFT trading volume last month was approximately $190 million, less than 4% of its peak. Faced with challenges from competitors like Blur and Magic Eden, OpenSea's market share has dropped from 90% in 2022 to around 30%. OpenSea is also facing regulatory compliance challenges. Meanwhile, the floor price of Doodles has fallen from a high of 25 ETH to 4.449 ETH. During the previous bear market, Doodles attempted to save itself by selling IP and related products, but the results have been minimal. As a star project in Ethereum privacy, Aztec Network raised over $100 million in four rounds of financing, with top investment teams like a16z, Paradigm, Coinbase Ventures, and HashKey Capital participating. However, after raising $100 million, Aztec Network suddenly announced a business transformation in March 2023, shutting down its DeFi privacy bridge project Aztec Connect and focusing on two new main products: a general-purpose development language Noir that supports zero-knowledge proofs and a new privacy blockchain. Facing the transformation and the delayed airdrop, community users have expressed disappointment towards Aztec, and since then, the project has not made significant progress or impact. Currently, in a market lacking liquidity and innovative models, where market attention is no longer easily captured by old narratives and VC tokens, it is a significant challenge for old narratives and projects that have lost some trust to attempt to reverse their fortunes through token issuance.
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    The Bit Journal
    The Bit Journal
    2d
    Analyst Maps Potential Impact of Probable $23B Bitcoin Reserve Bills in 20 US States
    According to asset manager VanEck, a behind-the-scenes frenzy by lawmakers in 20 US States pushing for strategic Bitcoin Reserve bills has the potential to inject as much as $23 billion in demand for Bitcoin if the bills become law. Writing a post on his social media X account, Analyst Mathew Sigel, the Head of digital asset research at VanEck, revealed that over 30 proposals directed funds into the proposed reserves, with at least 20 of those bills already under review, could buy over 247,000 Bitcoin tokens. Bitcoin Reserve Bills $23B Potential Inflow in 20 US States Different Sources of Budgets According to the post, the Bitcoin Reserve Bill analysis doesn’t include potential Bitcoin purchases and allocations from pension funds that could arise due to the legislators in the 20 US States enacting the bills. Different states have measures focusing on how general budgets, special revenue accounts, and Rainy Day funds could be channeled into the Bitcoin buying frenzy, highlighting the various approaches they could use to make public money. Sigel stated: “This $23b number is potentially conservative, given the lack of details (many of these states are ‘n/a’ with size unknown).” Specific and Random Figures Proposed The Bitcoin Reserve Bills from each of the 20 US States mentioned have proposed specific figures, while others, like Montana and New Hampshire, do not mention specific figures. For Wyoming, reports indicate that the state initially aimed at allocating 3% of its $27.1 billion budget but has slowed down on the process as other states have their proposals through committees to introductory stages. New Mexico, Missouri, Iowa, and South Dakota are among the states pushing for varying percentages, revealing their shared outlook that the BTC could be a hedge or alternative store of value. Get Involved in Bitcoin’s Financial Innovation North Carolina became the latest entrant to the list of 20 US states planning to invest at least 10% of select state funds into crypto through the Bitcoin Reserve Bills. According to some legislators in the state, diversification and inflation hedging were the reasons for pushing into the crypto world. In contrast, others observed needing involvement in Bitcoin’s financial innovation. Nonetheless, there are pockets of critics concerned about BTC’s volatility, believing it remained a serious barrier to institutional adoption and the absence of an appropriate legal and political environment. Different stages of legislation Some States at Advanced Stages of Legislation In the State of Oklahoma, the committee looking into the bill has proposed a 10% allocation from the $14.7 billion funding it receives from the federal government, which could buy at least 15,000 Bitcoins. On the other hand, Massachusetts is said to be creating legislation targeting its Rainy Day fund, which already holds at least $8.8 billion. At the same time, Texas legislators are at an advanced stage with a proposal to allocate at least 1%of the state’s general revenue toward the developing Bitcoin Reserve Bills. Commenting, analyst CoinShares recently said in a blog post: “We believe that enacting the Bitcoin Act in the United States would have a more profound long-term impact on Bitcoin than the launch of ETFs.” Conclusion According to data from BitcoinTreasuries.NET, at least 150 companies have Bitcoin treasuries, as they believe the digital asset could be a good hedge against inflation. In addition to the 20 US States, the federal government under Donald Trump is already exploring the potential for Bitcoin Reserve Bills, which industry experts believe could end up serving as a vehicle for the US government to buy BTC. Frequently Asked Questions (FAQs) What’s with Bitcoin Reserve Bills Frenzy? Legislation would allow states to diversify their portfolios and legally invest in BTC, eventually making Bitcoin a legitimate part of the global financial market. What are the advantages of legislation? The states would benefit from diversification since their eggs would be spread over multiple baskets instead of only one basket, as they are currently. Are there any disadvantages? Cryptocurrencies are still nascent and subject to price swings, making them a gamble because of volatility. What’s in store for Bitcoin and State finance? It’s difficult to draw a line right now, but enticing times lie ahead as states mull legislating the potential for investing in Bitcoin and other cryptocurrencies. References One Safe Cointelegraph Appendix Glossary for Key Terms Bitcoin: A digital currency that operates free of any central control or the oversight of banks or governments. Bills: Proposed laws introduced into a legislative body, such as a state or national legislature. Strategic Reserve: A stockpile of items or resources by a government or business that are kept on hand for use when needed. ETFs: Funds traded on exchanges, tracking a specific index or asset.
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