The trading volumes of cryptocurrency tokens have skyrocketed in the past few years. Blockchain-based cryptocurrencies, NFTs, and meme coins are changing the financial services landscape by driving technology use and financial inclusion. Moreover, with a slew of advantages, cryptocurrencies have even multinational corporations convinced about the impact they fuel.  If you are new to the world of cryptocurrencies and are unsure where to start, you can begin your investment journey by researching top buys like GryffinDAO (GDAO), Dogecoin (DOGE), and ApeCoin (APE). Here’s a brief look into some of their most compelling features.

GryffinDAO: Combining Robust Security And Decentralised Governance Strategies

GryffinDAO is a decentralised interoperable platform that facilitates permissionless cross-border digital transactions while serving as a platform for trading cryptocurrencies and NFTs.

The GryffinDAO platform has launched its native token, GDAO, which can be used for a host of transactional purposes like yield farming, staking, earning rewards, and voting rights, among others. The GDAO Token can be purchased on presale. The native token is built on a deflationary model that enables the platform to keep price fluctuations in check. In addition, most newly-minted tokens have a vesting period of up to 60 days, further shielding investor interest against market volatility. Moreover, token holders can look forward to earning voting rights by ownership. With these voting rights, users can pitch proposals for plans of new additions and developments to the platform. They can also vote on similar proposals floated by others. 

Understanding the importance of security, the platform has a robust security mechanism to woo its users. GryffinDAO’s security architecture includes regular audits, multiple signature authentication, locked liquidity bootstrapping, and web security, among other features. The platform also reserves a certain percentage of the GDAO Tokens to maintain the GryffinDAO platform, maintain liquidity pools, marketing efforts, payment of exchange fees, and community support. 

The GryffinDAO gaming platform also hosts a wide array of rare NFT collections. It also enables its members to mint NFTs, which may also find a place in the gaming ecosystem. The feature offers users an additional source of revenue while amping up their gaming experience. Here too, users can use their GDAO Token to purchase NFTs. For every NFT floated for sale, the GryffinDAO generates a smart contract that monitors, manages, and permits transactions between sellers and buyers in the marketplace. The gaming system doubles up as an NFT marketplace and offers a robust customer support system, and users can avail help via live chat or call. 

The GDAO Token can be purchased at attractive prices during the presale period. It is an upcoming new token that could potentially witness a rally once it gets listed on major exchanges. 

Dogecoin Remains The Undisputed Leader Among Meme Coins For Now

Preferred by meme enthusiasts worldwide, Dogecoin is among the world’s most popular meme coins. The Dogecoin platform has its own native coin, DOGE, that can be used for staking and all other transactional purposes. The platform has the added advantage of a digital wallet. There are two kinds of wallets available for Dogecoin users. While the MultiDoge option syncs with blockchain systems via skimming, resulting in fast sync times, the Dogecoin Core syncs when downloaded. The DOGE Token is widely used for processing payments across the world. It is being heavily accumulated by whales and could potentially be heading for a rally in the long term. 

ApeCoin: Catalysing Meme Communities With Decentralized Governance

ApeCoin is a meme coin with a decentralized autonomous exchange-patterned governance structure wherein token holders get exclusive rights to present their views about the proposals concerning the platform’s development. These proposals may revolve around new projects, technical upgrades, partnerships, and governance rules. Its native coin APE can be used for all platform transactional purposes, including staking and yield farming. APE Token can also be added along with GDAO and DOGE for potentially handsome returns in the medium to long term. 

To find out more about GryffinDAO (GDAO), visit the links below:

Presale: https://fly.gryffindao.com 

Website: http://gryffindao.com/ 

Telegram: https://t.me/GryffinDAO_Official 

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Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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Dogecoin defied the ongoing market downtrend with a 31% swing to the upside on April 25 after  Elon Musk’s acquisition of Twitter was confirmed. It closed the day at $0.1622, moderately lower than the peak price of $0.1721.

Musk is widely expected to integrate Dogecoin (DOGE) with Twitter in some capacity. However, other than hearsay, the is no confirmation of this.

Unfortunately for DOGE investors, this catalyzing event was transitory as the meme coin gave up almost all of the gains on April 25. It was down 18% on April 26 to $0.1358. This is amid broader market moves that point to resurging dollar strength as investors cycle out of risk-on assets.

Nonetheless, with Dogecoin battling to recapture former glories, the Twitter deal counts as another potential vector with which to do so. But with talk of Twitter already moving to a decentralized protocol, is there room for Dogecoin?

Dogecoin and Twitter, the future of decentralized social media?

Before Musk bought Twitter, the platform had already disclosed plans to decentralize — and therefore facilitate free speech — via the “Bluesky” initiative.

“Twitter has provided funding to an independent initiative called Bluesky, dedicated to creating standards for decentralized social networks.”

Bluesky originated from Twitter in 2019, and, thanks to funding from Twitter, it established itself as an independent company focused on decentralized social network research and development in 2022.

According to Bluesky, this setup favors serving the “broadest possible interests.”

Bluesky has received $13 million to ensure we have the freedom and independence to get started on R&D. Former Twitter CEO @jack is on our board, & a former Twitter security engineer has joined the team. https://t.co/S8vzObfc3u

— bluesky (@bluesky) April 25, 2022

Bluesky recently published a report on its “Self-Authenticating Social Protocol.” The report focused on conceptual frameworks, in particular the idea of incorporating portability, scale, and trust.

There were some technical reveals, but the main takeaway was the team describing the social media protocol as a “hybrid federated network with p2p characteristics.”

Over the past few weeks, Musk has said he wants to open-source the existing Twitter code. This would reveal how engineers control the platform. Potentially, this may forego the need to adopt Bluesky technology since removing these controls would automatically create a more balanced platform.

As such, the future direction of Twitter is unclear at this time. This uncertainty spills over to Dogecoin integration, as the Bluesky report did not mention a currency element in their research.

Musk on a mission

Earlier in April, news broke that Musk had purchased a 9.2% stake in Twitter for $2.9 billion. The move was seen as the first step in bringing free speech to the platform.

This stems from accusations that Twitter is left-leaning and “woke,” with an active agenda to silence those with opposing views.

According to the Wall Street Journal, it also suffers from bots, terrorist propaganda, and “noxious harrassments.”

Musk has put his money where his mouth is and bought the platform in a bid to change this. However, at this stage, there are more questions than answers.

Earnings will likely be front and center over the next few weeks, as the first quarter results announcements pick up the pace. The weekend, though quiet, had its fair share of interesting developments that have ramifications for the trading week.

Here’s a recap of a few major headlines that hit the wire over the weekend:

1. Twitter Folding In? Twitter, Inc.’s TWTR board met with Tesla, Inc. TSLA CEO Elon Musk on Sunday regarding a potential takeover, the Wall Street Journal reported, citing people familiar with the matter. The Journal reported a deal could be reached between both parties as early as this week. Musk reportedly made his pitch to several shareholders, mainly actively-managed funds, over a series of video calls.

Wedbush analyst Daniel Ives sees the rumored development as a function of a lack of a competing bid and Twitter’s shaky fundamentals that could manifest in the quarterly earnings report due this week.

2. Nonagenarian Warren Buffet Fit As Fiddle: Warren Buffett said he couldn’t be in better health as he continues to lead Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B) for over five-and-a-half decades. The billionaire investor said in an interview with Charlie Rose that although his senses aren’t sharper like earlier, he can run a business effectively. The investment guru also suggested that his successor is in place at Berkshire but he isn’t warming up yet.

The comments come even as investors in the holding company are calling for Buffett to give up his role as chairman of the board while retaining his CEO position.

3. Dogecoin Backers Debate Way to Increase Utility: As Dogecoin DOGE/USD languishes along with the rest of the cryptocurrencies, the meme coin’s co-founder Billy Markus mulled over three ways of adding utility to it. His suggestions, which came in the form of a tweet, included increasing business adoption, usage of the meme coin as a tipping currency and allowing its usage with web3.

Musk chimed in with his response, which was along the expected lines. He agreed with the first two recommendations but said he wasn’t in favor of the third utility. The Tesla CEO has been a skeptic of Web3.0, which is an iteration of the internet that will allow users directly access the web without third parties such as Twitter or Meta Platforms, Inc. FB or Alphabet, Inc. GOOGL GOOG.

Related Link: Why This Analyst Thinks Tesla’s Disruptive Potential Can Put These Companies Out Of Business

4. Foxconn Succumbs to China COVID-19 Lockdown: Apple, Inc.’s AAPL Taiwanese iPhone assembler Hon Hai Precision Industry Company Ltd. HNHPF finally had to shutter two of its factories in Kunshan, located in the Jiangsu province amid the rise in COVID-19 cases. Hon Hai, commonly called Foxconn, was so far managing to keep its plants humming despite tightening lockdowns.

5. New EU Regulations On Illegal Online Content: Online platforms such as Google and Meta’s Facebook may be subject to increased scrutiny in Europe in the future. EU nations and lawmakers have agreed on the broad terms of the Digital Services Act, which mandates that the digital platforms assume greater responsibility to optimize the content on their platforms to curtain illegal content.

What Else: Readers may also want to check Benzinga’s weekend box coverage, with the recent installment showing “The Bad Guys” topping the charts with $24 million in ticket sales.

The Central African Republic became the second country to adopt Bitcoin BTC/USD as legal tender, following in the footsteps of El Salvador.

A slew of Food and Drug administration decisions and big pharma earnings will dictate sentiment toward biopharma stocks this week.

Cardano founder Charles Hoskinson has shown interest in helping bring back the woolly mammoth by participating in an investment round that was just concluded. Hoskinson who was co-founder of Ethereum and later founded his own blockchain Cardano was one of the multiple investors that participated in an investment round in Colossal, to help them bring the extinct species back to life.

Colossal Raises $60 Million

Colossal is a biotech firm founded by George Church, a professor at the Harvard Medical School, in 2021. Church has been dedicated to bringing this now-extinct member of the mammoth family back to existence through DNA that has survived tens of thousands of years. If successful, Church believes that the woolly mammoth could be back to life by the year 2017.

Related Reading | Binance Adds $1 Billion To Its SAFU Funds to Back Users In Case Of Hack

Colossal’s investment round boasted some heavy hitters, the likes of Cardano founder Charles Hoskinson and Paris Hilton. Hilton who has been in the crypto space for quite some time, although not as long as Hoskinson, along with others, was able to raise $60 million for Colossal to try to resurrect the woolly mammoths.

Colossal plans to create a woolly mammoth embryo that it will make from DNA samples that were collected from animal fossils. Using modern genetic technology and the advancement in medicine, they will try to breed a new woolly mammoth, essentially bringing back an extinct species.

But What Does Cardano Have To Do With It?

Hoskinson has been a vocal supporter of using blockchain technology to make processes much easier. He had contributed to the $60 million raised, although it is undisclosed how much the founder put in, as expected, Hoskinson believes that blockchain can be useful to Colossal in their efforts to bring back this species.

ADA settles above $0.8 | Source: ADAUSD on TradingView.com

He explained that with blockchain technology, Colossal will be able to reach its goal by allowing it to capitalize on more of its resources. Additionally, it can be a way to register the intellectual property rights of all of the projects being promoted in this regard.

Related Reading | Why Bitcoin Could Start Trading Like Gold

The founder did not mention whether the Cardano blockchain will be used in these processes or even used by Colossal, but he has been known to tap into resources were other projects do not.

The woolly mammoths have been extinct for close to a millennium and are said to be the last of the mammoth line before they were wiped out.

Featured image from CoinQuora, chart from TradingView.com