The altcoin sector has started showing signs of rallying, forcing investors to flock to projects with great growth potential. Among the list of investor favorites
Dogecoin (DOGE) price turned green on August 20 after a recent post by SpaceX and Tesla CEO Elon Musk on the X platform.
Meanwhile, a recent 발표 by SolidProof highlighted the successful audit of RCO Finance’s native token, RCOF. This development is driving attention to the Ethereum altcoin ahead of the project’s upcoming launch.
Dogecoin (DOGE) price showed signs of turning bullish on August 20 after a recent post by Elon Musk on the X platform.
The meme coin flipped bears and turned green as it recovered from a recent downturn. At the same part, DOGE price showed minimal gains despite the recent 발표.
However, the meme coin’s 24-hour trading volume surged by 44%, indicating a buying force as more DOGE investors reacted to the recent development.
At the time of writing, DOGE price was trading at around $0.1056, showcasing a 1% increase over the past 24 hours. However, DOGE price remained down by 83% from its all-time high of around $0.69 on May 8.
Recently, Dogecoin has performed decently as the broader altcoin sector started a fresh bull cycle. However, the recent X post by Elon Musk, a known DOGE proponent, caused a stir among the meme coin’s enthusiasts. This excitement is widely responsible for Dogecoin flipping bears and turning green.
As a reminder, X is a new multi-platform application that combines elements of WeChat, TikTok, and Twitter. The app is currently in closed beta and available to a limited number of users.
Earlier this year, Elon Musk acquired Twitter for $44 billion and began overhauling the platform. Notably, Musk planned to integrate payments, long-form content, and encrypted DMs into Twitter.
However, the deal hit a snag when Musk attempted to back out of the acquisition over concerns about the number of bot accounts on the platform. Following a legal battle, Musk decided to proceed with the original acquisition terms.
Now, it appears that Musk may be pivoting his grand vision for a “super app” to the X platform instead of Twitter. While Musk has not explicitly stated his plans for X, the recent 발표 and integration of payments suggest that the platform could become a hub for a wide range of activities, including online shopping, messaging, and entertainment.
If X does indeed become the next “super app,” it could have a major impact on the digital landscape and the way we use our phones. It will be interesting to see how the platform evolves in the coming months and whether Musk achieves his goal of creating a “super app” that people “love to use.”
SolidProof Announces Successful Audit of RCO Finance Native Token (RCOF)
SolidProof, a renowned blockchain security firm, announced the successful audit of RCO Finance’s native token (RCOF) on August 19. This development is driving attention to the Ethereum altcoin ahead of the project’s upcoming launch.
According to the 발표, SolidProof’s team of experts conducted a thorough examination of RCOF’s smart contract code, focusing on identifying any vulnerabilities or points of failure. The audit aimed to assess the contract’s adherence to best practices and industry standards.
SolidProof’s audit report highlighted the absence of critical, high, or medium severity issues within RCOF’s smart contract code. The 발표 noted that minor and informational issues were identified and addressed by the RCO Finance team during the audit process.
Overall, the successful audit by SolidProof serves to enhance investor confidence in RCO Finance and its native token, RCOF. The audit report provides an independent verification of the token’s technical soundness and adherence to industry best practices.
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