The double-digit price rally of the day is accompanied by important news. In particular, Dogecoin gained 17% as Elon Musk’s Twitter purchase was finalized. Here are the hot developments of the day from Dogecoin and 7 altcoin projects.
Important news accompanying the rally of the day
Whale watcher Whale Alert reports that a new whale has purchased 3.3 trillion Shiba Inu in a single transaction. Details from Etherscan show that the whale behind the $36 million purchase is anonymous.
https://twitter.com/whale_alert/status/1585223100232355840
Emy Yoshikawa, Ripple’s vice president of corporate strategy and operations, reacted on Twitter to Ripple’s “Crypto Means Business” ads in different sections of the Wall Street subway station in New York. Ripple, the finctech company behind the XRP token, is chanting slogans in different parts of the USA for its new advertising campaign.
https://twitter.com/emy_wng/status/1585120000117182464
Lido DAO (LDO), one of the Ethereum-based L1 Blockchains, has gained 12% in the last 24 hours. One of the reasons for this rally was Ethereum’s performance above 10%. Due to the high correlation between LDO and ETH, some analysts say an additional 25% rally is possible.
Dogecoin price jumps 13% amid Twitter lawsuit
According to CMC data, the price of Dogecoin is currently climbing over 10%. However, Tesla CEO Elon Musk has pledged to buy Twitter by Friday, according to a new Bloomberg article. Twitter (TWTR) stock is also rising as a result of the news. It’s currently close to Elon Musk’s $54.20 purchase price. Dogecoin also reached $0.069 from the lows of $0.059 on October 25.
https://twitter.com/cb_doge/status/1584967950452555776
KuCoin shared its decision to list Toncoin (TON) in a new announcement today. TON is catching the attention of major exchanges after its recent listing on Huobi. In an official announcement, The Open Network (TON) team has confirmed the KuCoin listing. As you follow on Kriptokoin.com, the price of TON gained 10% when WhatsApp crashed on October 25th.
https://twitter.com/kucoincom/status/1585182586644885505
Dogecoin competitor is on the radar of centralized exchanges
According to an official Twitter announcement, BabyDoge is now on the list of South Korea-based crypto exchange Probit Global. The official BabyDoge Twitter account also celebrated the news by announcing the 150 billion BabyDoge Coin draw.
The BABYDOGE/USDT pair is now listed on ProBit Global, a crypto exchange where over 800 altcoins are traded. ProBit Global is also increasing investment in BabyDogecoin, with 50 million users and 2,000,000 monthly active users on partner aggregators and wallets like CoinMarketCap.
https://twitter.com/BabyDogeCoin/status/1584916088726364160
Binance announced on Wednesday that it is launching its native oracle service to enable smart contracts to work on real-world inputs and outputs, starting with the BNB Chain ecosystem. Oracles are third-party services that bring external data to Blockchains. According to the announcement, this move will power BNB Chain’s Web3 ecosystem.
https://twitter.com/BNBCHAIN/status/1585288928352944139
The DAO behind the crypto exchange SushiSwap has largely approved a legal restructuring. The proposal came after increased scrutiny on DAOs, notably when the Commodity Futures Trading Commission sued the Ooki DAO for alleged violations of US investment laws. Crypto advocates have also come out to support the Ooki DAO. Now, the development of the DAO will be led by three organizations based in Panama and the Cayman Islands.
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