By Shelly Melancon (Switzerland)
Following the launch of its token this past weekend, Republic of Dogs (ROD) has made steady gains in the past seven days. ROD is already outshining other dog-related tokens after gaining almost 700% in seven days, including Dogecoin.
The dog-built token is also into charity, stating that most of its funds will be for dog-related shelters. If you didn’t benefit from holding other dog-built tokens, ROD presents you with another profit opportunity.
What You Should Know About ROD
The best exchanges to buy your ROD tokens are Coin Kong trader and ETX capital, regardless of your location. Keep in mind that you’ll need to verify your account before you can deposit and invest in this coin.
ROD is a meme coin aimed at help investors make huge profits and providing better Dog shelters by funding dog breeding homes. ROD follows the successful blueprints of previous dog-related tokens such as Floki Inu
As already seen, meme coins usually spread quickly, and early investors usually profit the most from them. If ROD is endorsed by famous figures like Dogecoin and Shiba Inu, the ROD price might surge faster than its predecessors.
Enjoin Coin Jumps By Over 11%
The popularity of the Enjin coin has seen its price surge to $2.19 today, a price that represents a 3-month high. Hence, the token ranks among the top 70 cryptocurrencies globally, while its market cap surged to over $1.5B.
Launched four years ago to help NFT developers, its popularity has been growing relative to the popularity of the NFT space, especially since the beginning of this year.
There are now NFT marketplaces with market caps that exceed $1b. Also, several wealthy individuals are spending millions to purchase NFTs. One other factor that caused the rise in the ENJ price today was the announcement of Visa’s purchase of punk #7610.
This is a significant achievement for the NFT industry, given the nature of Visa’s brand visibility and reach. The Enjin community boasts over 43,000 creators and several NFT projects, but the “Six Dragons” is the most popular. So far this year, almost 1m digital assets have been sold in that community.
This number will still rise higher since the industry hasn’t peaked yet. ENJ benefitted from the overall bullishness in the crypto market that saw Ethereum and Bitcoin surge past their key resistances. After reaching an all-time low three months ago, ENJ has been rising steadily and so far has gained over 200% since that period.
CFTC Commissioner Dispels Digital Asset Misunderstandings
In other news, the Head of the CFTC has cleared the air regarding the CFTC’s oversight functions over the crypto market. He stated that CFTC’s oversight functions are mainly over crypto derivatives and not any other crypto-related asset regardless of whether they are securities.
Stump and Gensler have now clarified the positions of their respective agencies regarding oversight functions of the crypto market. Now, Gensler can lay more claim to the sec having the right to crypto oversight functions.
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