Crypto Market Overview April 26th | Dex-Trade
Ukrainian Refugees Will Receive a Cryptocurrency Card from Binance
Crypto giant Binance announced the launch of the Binance Refugee Crypto Card, which will be available to all current and future users of the crypto exchange from Ukraine, who are forced to leave the country due to the war unleashed by russian dictator putin and move to the countries of European Union. The development of the Refugee Crypto Card was carried out in cooperation with the European banking platform Contis. Thanks to it, displaced Ukrainians will be able to send and receive cryptocurrency payments, as well as make purchases in European Economic Area stores that accept card payments. It’s reported that refugees who have applied for a cryptocurrency card from Binance Refugee and verified in local non-profit organizations will receive 75 BUSD per month, that is, the equivalent of $75, for three months. The payment will be made in accordance with the donation amounts approved by UNHCR. When paying by card, the amount in BUSD will be immediately converted into the local currency of the country in which the refugees are located. Representatives of the crypto exchange note that it will be possible to receive and use the Refugee Crypto Card for free. Even if the card holders already reside in another country in the European Economic Area, it will be enough to use an existing Ukrainian account or create a new Binance account using a home address in Ukraine. By the way, Binance Charity created and launched Bitcoin crowdfunding project Emergency Assistance Fund for Ukraine so that people from all over the world can donate cryptocurrency to help Ukraine. So far, $1 million has been raised.
Musk Buys Twitter and Dogecoin Again on the Wave of Hype
After brief negotiations with Twitter management, Musk purchased the social network for the previously offered $44 billion, i.e. $54.2 per share, which immediately led to a powerful price boost for the main meme crypto DOGE, which showed a 22% daily increase in just 3 hours. But we have already repeatedly encountered the "Mask effect", so we understood in advance that a stable plateau at the level with the peak price of DOGE should not be expected. Everything happened according to the classic scenario: 8 hours after the rise to $0.1675, the coin fell to $0.1505, followed by a secondary peak at the position of $0.1647, which was replaced by a correction. The altcoin is currently trading at $0.1561. As for Twitter, the entrepreneur tweeted that he would soon introduce new features of the social network and pay special attention to the principles of freedom speech, which he has repeatedly emphasized and discussed many times in his previous tweets. By the way, the "father of Twitter", Jack Dorsey, reacted positively to Musk's purchase and even praised the businessman's decision.
ELON BUYS TWITTER: New Meme Coin Skyrockets After Twitter Purchase
The ELON BUYS TWITTER (EBT) coin, which appeared after Elon Musk’s offer to buy Twitter, was one of the first to react on the news that the entrepreneur closed the deal, which led to a fantastic coin growth of 4250.90% in just 24 hours. "At the height of fame", April 22, EBT was worth $0.0002285. Then its price fell to $0.00000007, and at the time of news’s publication about the purchase of Twitter, according to CoinMarketCap, it soared to $0.000009443. Experts believe that the key reasons for the growth in the value of the coin were the hype around the news about the social network, the desire for quick profit among newcomers to the crypto market, and the image of Elon Musk on the avatar of the token. However, the developers of the project claim that the goal of ELON BUYS TWITTER is to give meme creators the opportunity to earn income for their work. That is, the token is positioned as a means of ensuring financial independence for the creators of memes. Not surprisingly, experts consider the token nothing more than an elaborate scam, so investors should be especially careful when they considering investing in such coins, especially on decentralized exchanges (DEXs).