Central Bank of Brazil Unveils New Use Cases for Drex CBDC Pilot Phase
The Central Bank of Brazil has announced a new set of use cases for its Drex CBDC pilot phase. The second phase will test 13 instances across various sectors, including retail, wholesale, and government services. This expansion aims to further assess the feasibility and benefits of a central bank-issued digital currency in different scenarios.
Analysts Predict Dogecoin’s Next Big Surge
Analysts predict a potential rise for Dogecoin (DOGE), with Trader Tardigrade highlighting an inverse head and shoulders pattern, indicating a possible surge. Crypto Tony emphasizes the importance of reclaiming the $0.11 level for a solid entry. Despite recent market fluctuations and Elon Musk's statement, DOGE remains below $0.10, with a current price of $0.09502 and a market cap of $13.8 billion.
Elon Musk: ‘first Starships to Mars will launch in 2 years’
Elon Musk has outlined a plan to establish a human city on Mars, starting with uncrewed Starship missions in 2026. These spacecraft will aim to land on Mars' surface, testing landing capabilities and ensuring crew safety for future voyages. Crewed trips are expected to begin between four to six years after the initial uncrewed flights, pending successful testing and overcoming economic and technological challenges.
Shiba Inu (SHIB) Price Prediction for September 8
The price of Shiba Inu (SHIB) has gone up by 1.06% over the past 24 hours. On the hourly chart, SHIB is trying to break the local resistance of $0.00001301 for an upward move to $0.00001340. From a bigger time frame perspective, the price of SHIB is going up after bouncing back from the support of $0.00001244, but buyers need to restore the rate to the area of $0.000014 to maintain growth.
Pepe Coin Price Prediction 2024, 2025 & 2026: Mpeppe Investors Add New Pepecoin (PEPE) Rival To Moonbags
Pepecoin (PEPE) has faced a challenging year, with its price dropping by 7% in just 24 hours. Despite this decline, technical analysis suggests that PEPE may be forming a bullish reversal pattern, potentially breaking through resistance levels and targeting $0.00015. On the other hand, Mpeppe (MPEPE), a new rival in the meme coin sector, is gaining attention with its innovative approach to decentralized casinos.
3 Token Unlocks to Watch Next Week
- Xai (XAI): On September 9, Xai will unlock 35.88 million XAI tokens, which will be distributed to the team, investors, reserves, and the broader ecosystem.
- Aptos (APT): On September 11, Aptos will distribute 11.31 million APT tokens to community members, core contributors, and investors.
- Starknet (STRK): On September 15, Starknet will unlock 64 million STRK tokens, which will be distributed to investors and early contributors.
LATAM Crypto Roundup: Mexico Investigates Worldcoin, MicroStrategy CEO Visits Argentina, and More
The LATAM crypto roundup covers various news and trends from Latin America's cryptocurrency scene. María Corina Machado proposes using Bitcoin as Venezuela's reserve asset due to its ability to protect wealth amid hyperinflation. In El Salvador, the financial system has only converted $6.6 million to Bitcoin since it became legal tender in 2021.
Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone
Bitcoin's hashrate has reached a new milestone, surpassing 692 EH/s and nearing the 700 EH/s mark. This achievement comes after the hashrate broke the July 25, 2024 record on September 7th.
Conclusion:
The cryptocurrency market is constantly evolving with new developments, updates, and predictions. From the Central Bank of Brazil's Drex CBDC pilot phase to Elon Musk's Mars mission, there are numerous exciting stories unfolding in the world of crypto. Analysts predict a potential rise for Dogecoin (DOGE), while Shiba Inu (SHIB) shows signs of growth. The upcoming token unlocks for Xai (XAI), Aptos (APT), and Starknet (STRK) could impact market trends, and the LATAM crypto scene is witnessing significant progress with Bitcoin adoption in Venezuela.
As we look to the future, it's essential to stay informed about these developments and their potential implications on the market. Whether you're a seasoned investor or just starting your crypto journey, there's always something new to learn and discover in this ever-changing landscape.