As the NOLA token presale lingers on 100,000 tokens sold, new speculation could create another leap in buyer activit. Crypto traders are buzzing of rumors that Nollars Network will be of benefit to the X social media platform’s coming ‘Money’ payment system.
If unaware, Elon Musk is going to launch a new payments application on the “X” [formerly twitter] social media platform; possibly this year in 2025. This app will be known as “Money.”
Dogecoin (DOGE) holders are waiting patiently for its launch as the original memecoin is supposed to be the crypto option on the payment system. The token value is expected to rise to $1 or more from its current price of 36 cents after it debuts on X.
Now there’s new speculation that the coming IES Layer-2 blockchain, Nollars Network, will have influence on how the token’s used on X.
Why will X users need Nollars Network (NOLA)?
The reason for the speculation, as many things with Elon Musk when it comes to crypto, is trader logic.
First, Elon’s reasoning for using the $DOGE is the fact that the token is not a deflationary coin like Bitcoin and has a much larger token supply. The large token supply makes it psychologically more attractive for spending. Also, behind the memecoin has its own blockchain that can handle fast transactions and new app development.
The only thing that the Dogecoin lacks is fluid cross-chain capabilities and this is where Nollars Network (NOLA) enters the picture.
The Nollars Network IES Layer 2 technology development that will be a solution to that flaw. It will be the base layer for a future project that allows multi-blockchain swaps of such memecoins. The mainnet will be the nucleus of various decentralized applications that will effectively allow the bartering of $DOGE faster than other crypto exchanges and with lower fees.
Smart Money DCA’ing into token presale
The token that will facilitate these trades is the $NOLA token, which has seen a recent surge of presale activity. Crypto whales and sharks have been buying into the initial coin offering frequently. This class of buyers tends to predicate that smart money [learn the term] investors have knowledge of something big on the cusp of being announced.
To date, 11 crypto investors have bought thousands of dollars worth of the Nollars Network (NOLA) token, in support of the ecosystem’s development. Data also reveals some crypto shrimp and crabs have been dollar cost averaging [DCA] into the project, buying regularly.
The presale offers the NOLA token at a discount price of $0.50 [cents], allowing a swift profit opportunity for the attentive.
Nollars Network token is confirmed for launch on crypto exchanges in May. The token will list on public trading platforms at a price +66% higher [83 cents] than its initial coin offering of today.
The X “Money” application is rumored to launch this year, between 2nd and 3rd quarter. Heavy speculation suggests Dogecoin (DOGE) will be the main crypto of choice for peer-to-peer payments on the app.
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