⇗ Phoenix Coin's Rising Presence in the Crypto Sphere
Ambitious plans have been outlined for the development of a United Arab Emirates (UAE) Dirham-pegged stablecoin by Tether in conjunction with...
The Phoenix Coin has gained significant attention in the crypto community due to numerous noteworthy events. The DTX Exchange stunning critics by listing on CoinMarketCap and launching the Phoenix Wallet and leaderboard, raising $7.3M in the process. That wallet has amassed 110,000 downloads, attracting DOGE whales, and leading to significant gains.
Cardano's price slump has resulted in outflows towards DOGE and the DTX Exchange's Phoenix Wallet, which saw 50,000 downloads on its launch day. In 2024, the value of the Phoenix Coin is expected to surge following its anticipated listing on DePINScan. Meanwhile, Phoenix Group and Tether are set to create a stablecoin pegged to the UAE Dirham, backed by the imminent launch of a 25MW Crypto Mining Facility in South Carolina.
A partnership between Neo and Phoenix Group will lead to a new era of AI-enhanced blockchain technology but regulatory concerns have led to the withdrawal of Phoenix Wallet from US markets. Lastly, Phoenix Group's debut in the Abu Dhabi stock market saw it's shares surge 35%, following a massive purchase of Bitcoin mining machines worth $187M. Among these developments, some controversies including the Phoenix police challenge coin and questions about the identity of its creator have stirred discussions about Phoenix Coin.
Phoenix Coin News Analytics from Fri, 07 Sep 2012 07:00:00 GMT to Tue, 12 Nov 2024 22:01:16 GMT - Rating 8 - Innovation -3 - Information 7 - Rumor -6
