Hot Developments for Dogecoin and 7 Altcoins: They Jumped!

Today’s double-digit price rally is accompanied by valuable news. Notably, 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.

Valuable news accompanying the rally of the day

Whale watcher Whale Alert reports that a new whale bought 3.3 trillion Shiba Inu in a single transaction. Details from Etherscan show that the whale behind the $36 million purchase is anonymous.

Emy Yoshikawa, Ripple’s vice president of corporate strategy and operations, reacted on Twitter to Ripple’s “Crypto Means Business” ads on different parts 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.

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 information, the price of Dogecoin is currently climbing over 10%. However, according to a new Bloomberg article, Tesla CEO Elon Musk has promised to buy Twitter by Friday. Twitter (TWTR) share 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 base levels of $0.059 on October 25.

KuCoin shared its decision to list Toncoin (TON) in a new announcement today. TON is attracting the attention of major exchanges after the latest listing on Huobi. In an official announcement, The Open Network (TON) group has confirmed the KuCoin listing. Koindeks.comAs you follow on TON, the price of TON gained 10% when WhatsApp crashed on October 25th.

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 trading over 800 altcoins. ProBit Global is also increasing investment in BabyDogecoin, with 50 million users and 2,000,000 monthly active users in common aggregators and wallets such as CoinMarketCap.

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 information to Blockchains. According to the announcement, this attack will power BNB Chain’s Web3 ecosystem.

The DAO behind crypto exchange SushiSwap has largely approved a legal restructuring. The proposal came in the wake of increased scrutiny on DAOs, notably when the Commodity Futures Trading Commission sued the Ooki DAO for allegedly violating US investment clauses. 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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