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Top 10 Cryptos With Largest Twitter Fandom

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Top 10 Cryptos With Largest Twitter Fandom
  • Global crypto market declined by 10.69% in trading volume in the last 24h. 
  • Twitter is the greatest influencer of Crypto projects in Defi.

The microblogging site, Twitter, serves as the biggest crypto launchpad. A single tweet from any crypto savvy has the potential to intervene in the market trends.

Let’s take a look at the top 10 cryptos by their Twitter followers.

1.  Binance (BNB) – 8.83M

Binance (BNB) migrated to its native BNB smart chain (BSC) in 2020. It is the fifth crypto by market cap of $48.9 billion USD. The native crypto exchange invested $500 million USD in Twitter to initiate the inclusion of crypto on it. 

2.  Bitcoin (BTC) – 5.25M

World’s largest crypto is trading in the red zone without any significant price rally. Despite the dystopian picture, global countries and entities are coming forth to adopt it as a legal tender. 

BTC touched the $30k level exhibiting short-spanned relief amid the bearishness.

3.  Dogecoin (DOGE) – 3.36M

Dogecoin, the pioneer memecoin, won the heart of Elon Musk. It was harshly criticized for being an overrated asset with very minimal use cases. Slashing these out, Tesla adopted it as a potential payment option enabling users to buy their products.

4.  Shiba Inu (SHIB) – 3.3M

Shiba Inu is the DOGE killer and is contending equally with DOGE. The network is working on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE). SHIBFE is followed by the launch of its native stablecoin project, SHI. SHI is an “algo-stablecoin” pegged to a dollar.

5.  Ripple (XRP) – 2.51M

Ripple is critically up against a lawsuit filed by SEC and a long battle since 2020. The victory of the crypto firm in this would be a turning point for the crypto. It was accused of illegal securities offerings. The coin is trading with a market cap of $5.01 billion USD.

6.  Ethereum (ETH) – 2.51M

Ethereum, the toughest contender of BTC, had a notable bloodbath, declining 50% from its all-time high and is trading at the $2k level. The Merge, transition to PoS, is under experimentation. Recently Cloudflare, a web security services provider, is joining the process. It is expected to be launched in Q3 or Q4 2022.

7.  Cronos (CRO) – 2.13M

Cronos (CRO) is the native token of Cronos, the proof-of-Authority (PoA) blockchain of the Crypto.com exchange. It operates on an interoperable chain between Ethereum and Cosmos blockchain. CRO is utilized in staking, rewarding, and transaction fees on the exchange. 

8.  Solana (SOL) – 1.75M

SOL is one of the top “Ethereum Killers” that lives on its independent proof-of-stake (PoS) and proof-of-history (PoH) blockchain. 

The network’s NFT marketplace is gaining recent fame in the crypto space through abundant NFT projects. It aims to revolutionize Defi by the launch of Solana Pay, a native P2P payment protocol.

9.  Baby Doge(BabyDoge) – 1.394M

BabyDoge is a Dogecoin-inspired memecoin and deflationary token in the market. The only benefit holders of BabyDoge have are the tiny rewards gained on acquiring new tokens in their wallets. At the time of writing, it trades at $0.000000001038 USD

10. Safe Moon (SAFEMOON) – 1.391M

This is a BNB-based DeFi token existing in the market since Mach 2021. SAFEMOON functionalities range from reflective finance (RFI), liquidity provider (LP) acquisitions, and burning mechanisms. 

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Storj (STORJ) – A Relatively Unheard Crypto

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STORJ

The price of STORJ (pronounced “storage”) has increased by a little over 30 percent in the last 24 hours. According to CoinMarketCap, STORJ, an ETH token, is the 88th largest coin by market capitalization.

The token experienced a significant increase thanks to the NFT update on Friday. STORJ reached an all-time high of $0.97, a 43 percent rise from its 24-hour low.

Currently, the coin is selling at $0.9273, an increase of a remarkable 30.73 percent in the last 24 hours, according to statistics from CoinMarketCap. Additionally, its market capitalization soared from $245 million the day before to $371 million as of today.

STORJ is a platform for shared cloud storage. Instead of sending files to massive data centers, users can just store them in independent computers of the host.

STORJ Gets Strong Backing

Two requirements must be met to qualify as a host: a solid and speedy internet connection and terabytes of storage space. Users can make money by storing the files of others on their computers.

An announcement about major businesses embracing STORJ to store unique tickets, music, sports NFT assets, and gaming caused a sharp increase in the token’s price. Europa Labs, Amuzed, and Ultimate Division are the company’s newest NFT customers.

Suggested Reading | Top 5 Cryptos Taking A Major Beating In The Ongoing Market Mayhem

Crypto total market cap at $941 billion on the daily chart | Source: TradingView.com

Amuzed is a blockchain-based music gaming platform that allows users to listen to their favorite artists’ music using NFTs. Ultimate provides participants with a soccer-themed metaverse game in which they can earn Ultimate Division Tokens (TKDS), whereas Europa Labs wants to improve the computational capabilities of clients on their preferred data platforms.

Suggested Reading | Cosmos (ATOM) Price Swells 12% – Can It Breach Resistance?

Green Candles Show Bullish Potential

Similarly, 24-hour trading volume for STORJ has surged by more than 100 percent, reaching $408,455,560 – an increase of 127.94 percent.

Examining the STORJ/USDT daily chart, the price of STORJ has displayed green candles since June 13.

This trend persisted with small retracements on the daily chart until Friday, when the token recorded its highest green candle of the move.

In the last 10 days, the price of the asset has increased by 130 percent, from $0.4005 to its current level of $0.80.

It remains to be seen whether the relatively unheard crypto will be able to sustain this growth in the future or if it will be just another “one-hit” wonder.

Featured image from CyberBump, chart from TradingView.com
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BAYC Files Lawsuit Against Parties Behind ‘Crazy Disinformation Campaign’

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Bored Ape Yacht Club (BAYC) Floor Price Falls to 70 Ethereum ($87,710)
  • The team prepared the letter to more specifically counter the accusations.
  • The hour-long video has received over 800,000 views on YouTube since its debut.

The Bored Ape Yacht Club’s founders responded to charges that the project and its founders had Nazi links in a letter shared publicly. It comes only four days after the publication of an hour-long video by Philion entitled “Bored Ape Nazi Club,” which has received over 800,000 views on YouTube since its debut.

Brief Letter Offering Clarification

The letter by co-founder Gordon Goner mentioned a step-by-step breakdown of the project’s founders’ proof to refute the charges that they term a “crazy disinformation campaign” is provided. The Anti-Defamation League (ADL), a group that protects Jewish people against anti-Semitism, has found these linkages false, as per Yuga Labs.

An official Twitter thread from the Yuga Labs Twitter account and a Q&A with NFT star and Rug Radio creator Farokh have already sought to debunk malice or purposeful Nazism charges.

However, after hearing a renowned but anonymous podcaster debate the notion, the team prepared the letter to more specifically counter the accusations. Justifications for using apes and Yuga Labs as business names, along with the significance of the founder’s pseudonyms and the Bored Ape Yacht Club’s emblem, are included in the team’s response to the four primary allegations.

According to Goner, a snapshot of an email from March of 2021 in which he presented comparable drawings for the Bored Ape Yacht Club logo and a sketch of what the logo may look like was used to defend the logo.

Several additional charges from the YouTube clip were also addressed, including the themes and hints from riddles and cyphers that played an essential part in the early development of the Bored Ape Yacht Club group. The firm confirmed that they have filed a lawsuit against the parties behind the disinformation.

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Top GCC Banker Hussein Al Meeza Joins Islamic Coin Executive Board

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Top GCC Banker Hussein Al Meeza Joins Islamic Coin Executive Board

Top financier and banker Hussein Al Meeza has joined Islamic Coin – the Shariah-compliant cryptocurrency launched in the UAE. Having been named Best Islamic Banking Personality in 2006, Mr. Al Meeza is an acclaimed award-winning expert with over 40 years of experience spanning the Islamic banking, finance and insurance sectors, and has been one of the key personalities involved in establishing Dubai Islamic Bank.

Among his many accolades and executive roles are some of the Region’s top institutions. Mr. Al Meeza is the founder of Al Salam Banks in Sudan, Bahrain and Algeria, as well as a founding member of Emaar properties, Amlak Finance, Emaar Industries & Investments and Emaar Financial Services. He served as CEO and Managing Director of Dubai Islamic Insurance and Reinsurance Company (AMAN), Chairman of LMC Bahrain and many other leading players.

By adding his leadership skills, professionalism and expertise, the Islamic Coin team has reaffirmed its mission to deliver Shariah-compliant, industry-grade financial instruments ready for the Digital Age. Working in tandem with its Fatwa committee and for the world’s Muslim community as a whole, Islamic Coin is building value and delivering future-proof solutions, that offer seamless transactions while supporting innovation and philanthropy.

“It is a pleasure to be part of this amazing team and I look forward to building ethics-first financial instruments that will empower Muslims throughout the world,” commented Mr. Al Meeza.

Islamic Coin’s Shariah Board, as Fatwa issuer, boasts leading names in Shariah compliance, including Dr. Nizam Saleh Yakuby, Dr. Mohamed Zoeir and Dr. Essam Khalaf Al-Enezi, among others. Together, the Board Members have advised on Shariah-compliant practices in some of the top financial institutions in the world, including Standard Chartered, Dubai Islamic Bank, and BNP Paribas.

Islamic Coin has a finite supply and 10% of each issuance is automatically dedicated to philanthropy. The digital money includes an Evergreen Fund dedicated to funding ethical, Shariah-compliant startups throughout the World.

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