MAROKO133 Update crypto: Naver-Dunamu Crypto ‘Mega-Company’ Could Be Worth $2.1B a Year –

📌 MAROKO133 Hot crypto: Naver-Dunamu Crypto ‘Mega-Company’ Could Be Worth $2.1B a

The proposed merger between Naver and the Upbit crypto exchange operator Dunamu could create a “mega company” with profits totaling $2.1 billion a year, experts claim.

Per reports from the South Korean media outlets Newsis and Wow TV, the Naver-Dunamu merger is “expected to generate KRW 3 trillion in consolidated operating profits.”

However, experts say that “regulatory uncertainties” remain, with others this month speaking about five major legal obstacles standing in the companies’ way.

Naver-Dunamu Crypto Merger: Positivity Surrounding Deal, Says Expert

The outlets interviewed Jang Ho-yoon, a researcher at the securities provider Korea Investment & Securities.

The researcher explained that Naver “has always been relatively undervalued” on the South Korean market, despite its rival Kakao “receiving a high valuation through business expansion.” He explained:

“The acquisition of Dunamu will allow Naver to fully enter the crypto industry. Stablecoins, in particular, could generate significant synergy with Naver’s existing advertising, commerce, and fintech businesses.”

Naver is the country’s biggest internet company. Its subsidiary Naver Financial already operates several banking and e-pay platforms.

The firm hopes to merge Naver Financial with Dunamu, the owner of South Korea’s biggest crypto trading platform. The move would create Asia’s biggest fintech company. Jung explained:

“The industry expects the new firm to create a stablecoin ecosystem centered on Dunamu’s exchange business and its GIWA protocol [Upbit’s Layer-2 Ethereum-based chain]. Combing this with Naver’s existing services will let it secure an advantageous position over competitors in both the crypto and general payment spheres.”

Trading Boom Incoming?

The researcher also predicted a coming boom in crypto trading activity. He said that as the United States enters “a rate-cut cycle,” crypto trading volumes are likely to increase. Jung explained:

“As advanced blockchain-powered businesses, such as stablecoins and tokenized securities, become popular in Korea, diverse business opportunities will open up for Naver.”

Jung opined that the merger would “open up various possibilities for Naver,” which has seen its valuation decline due to “a lack of new growth engines.”

And while some continue to claim that regulatory approval for the merger is still up in the air, the researcher said there was a “relatively positive atmosphere” around the deal.

While regulations still prevent banks from engaging in crypto-related business, some say that these rules do not apply to e-pay providers like Naver.

Jung said that there is uncertainty over the question of whether fintech companies such as Naver Financial should be considered traditional financial companies. He said:

“The levels of uncertainty surrounding the merger are not very high.”

The researcher concluded that the proposed merger meant Naver would be “the most notable internet large-cap stock to watch next year.”

Naver Financial last month announced a plan to effectively take over Dunamu in a proposed comprehensive stock swap deal.

Upbit has cornered over 70% of the South Korean market share, per recent estimations. The merger talk has stoked speculation that Naver Financial-Dunamu could look to go public on the NASDAQ exchange.

The post Naver-Dunamu Crypto ‘Mega-Company’ Could Be Worth $2.1B a Year – Experts appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Breaking crypto: XRP Price Prediction: $63M Whale Dump Hits Binance –

A massive $63 million XRP transfer to Binance during Friday’s crash raised eyebrows, but analysts still support a bullish XRP price prediction as smart money continues buying the dip.

Buyers stepped in aggressively around the $2 level, showing confidence despite the market shakeout.

In the last 24 hours, XRP has climbed 1.6% to $2.50, with trading volumes holding strong at 4% of its total circulating market cap — a sign that momentum may be shifting back in the bulls’ favor.

Meanwhile, ETF assets held steady despite the downturn. The recently-launched REX-Osprey XRP ETF (XRPR) is still managing over $90 million worth of the token, which is pretty much what the fund had last week.

It appears that diamond-handed XRP holders took advantage of last week’s decline to scoop up the token at a much lower price, meaning that this isolated Binance transfer is not necessarily indicative of an overall shift in market sentiment.

XRP Price Prediction: Trend Line Support Bounce and Big Volumes Favor Bullish Outlook

The daily chart shows that XRP bounced off a key trend line as it touched the $2 level.

Above-average volumes reflect the technical relevance of this level and favor a bullish XRP price prediction for the near term.

The Relative Strength Index (RSI) also jumped off oversold levels as the price climbed to $2.5. However, the token is still trading below the 200-day exponential moving average (EMA).

Moving forward, a bullish breakout above $2.70 would confirm that the token is once again en route to hitting the $3 level.

Meanwhile, if positive momentum accelerates and a breakout above $3.5 occurs, that should set XRP on course to hit $5+ before the year ends.

Ripple has been focusing its efforts lately on growing its ecosystem as regulations have turned in its favor.

As institutional interest keeps growing, catching early crypto presales like Pepenode ($PEPENODE) while they are still flying below the market’s radar could deliver above-average returns during this cycle.

Pepenode ($PEPENODE) Makes Crypto Mining Fun, Simple, and Hardware-Free

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You can upgrade rigs anytime to boost output and stay ahead of the competition.

As the game gains popularity, demand for $PEPENODE is expected to surge — making now the perfect time to get in early.

You can buy $PEPENODE at its discounted presale price by heading to the Pepenode official website and linking up your favorite wallet (e.g. Best Wallet)

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🔗 Sumber: cryptonews.com