After experiences that retailers and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founding father of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant folks” of working to tarnish the undertaking. One Nigerian knowledgeable has suggested potential zugacoin buyers to prioritize studying finer particulars concerning the undertaking earlier than investing.
As promoters of zugacoin — a Nigerian cryptocurrency ostensibly created to finish poverty in Africa — proceed to tout the token as a reliable digital forex, there are rising experiences on social media of retailers and holders of the coin who’ve did not withdraw. These experiences have sparked allegations that the undertaking is one more rip-off which is cleverly disguised as a fancy cryptocurrency undertaking.
The complaints and allegations in opposition to the undertaking have, in flip, prompted Archbishop Sam Zuga, the founding father of Zugacoin, to concern a flurry of Fb posts condemning “ignorant folks” peddling false details about the undertaking. In certainly one of his newest posts, Zuga stated he was not engaged in cryptocurrency buying and selling however was as a substitute “constructing a digital monetary system to appropriate a monetary future.” He added that his crypto, which “mechanically offers you 200% revenue of any quantity you switch to it,” is simply getting used as a “driver of the system into that future.”
Within the prolonged August 25, 2022 submit, the founder denies allegations of manipulation inside the Zugacoin ecosystem. Zuga’s submit additionally explains how the ecosystem works and why some holders could also be having issues withdrawing. He stated:
“The one problem is lack of information from the customers. Anybody can withdraw conveniently if the folks which might be withdrawing are lower than the people who find themselves depositing. No system can survive if what goes out is greater than what’s coming in.
“There isn’t a drawback wherever within the Samzuga ecosystem. The one drawback is your ignorance of how the system has been designed to work. Retailers can switch cash from the Service provider space of the service provider app to the Retailers pockets and from there to P2P conveniently.”
In his earlier Fb posts, Zuga equally assaults unnamed people whom he accuses of besmirching the “noble undertaking” with their ignorance.
Nevertheless, regardless of Zuga’s spirited protection of the crypto undertaking, influential gamers in Nigeria’s blockchain trade informed Bitcoin.com Information they remained unconvinced. They level to the undertaking’s lack of transparency or its obvious exploitation of Nigerian folks’s affinity to faith or their non secular leaders as crimson flags.
One of many gamers, Ophi Rume, aka “Cryptopreacher,” informed Bitcoin.com Information that except the Zugacoin founder reveals the remainder of the workforce behind the undertaking will probably be troublesome to make a judgment concerning the undertaking’s legitimacy. Noting that scammers usually exploit folks’s desperation and ignorance, Rume, a blockchain analyst and educator, stated atypical Nigerians ought to solely take into account investing on this undertaking after performing some fundamental due diligence. He famous:
As fundamental as trying to find the phrases; Is Zugacoin a rip-off or a Ponzi scheme by way of Google, Nigerians can learn and be taught numerous issues about this undertaking. Additionally, earlier than investing Nigerians have to know these concerned within the undertaking. They should know the board of administrators, the builders and whether or not the undertaking is on Github.
In response to Rume, when potential buyers be taught or turn out to be conscious of such particulars about this undertaking they are going to seemingly determine in opposition to investing and thus protect their meager financial savings.
In the meantime, one other knowledgeable who wished to stay nameless lamented scammers’ rising use of non secular titles when advertising their tasks to unsuspecting victims. In response to the knowledgeable, when a doubtful cryptocurrency undertaking is fronted by a non secular chief, folks will chorus from criticizing it. The knowledgeable defined:
“I’ve discovered that nobody desires to be seen because the prophet of doom or enemy of progress on the subject of massive and questionable tasks like Zuga. Moreover, the founder is a Christian chief with a substantial following who has additionally used his affect to undertaking Zuga on the market. Bear in mind Inksnation.”
For Paul Ezeafulukwe, the previous president of Stakeholders in Blockchain Expertise Affiliation of Nigeria (SIBAN) and the workforce lead at Bitget Africa, zugacoin is essentially the most risky cryptocurrency and one which has completely did not ship on its guarantees. A number of the guarantees embody claims that the cryptocurrency will finish poverty in addition to assist Nigeria cut back its debt.
“One other promise they’ve made which is like tales by moonlight is their capability to pay $97 billion {dollars} price of Nigeria’s nationwide debt and in addition assist Africa clear her money owed. From their place it’s clear they don’t perceive how cryptocurrencies work, I imagine the promoters have been bought a lie that your capability to mint a token might translate to prompt financial worth with out constructing an ecosystem to assist the utility of the token,” defined the ex-SIBAN chief.
Ezeafulukwe stated it’s unlucky that some poor and gullible people have invested in zugacoin primarily based on these guarantees. For buyers who’re nonetheless considering of shopping for zugacoin, Ezeafulukwe stated they need to “have a look at these two guarantees [poverty eradiction and paying off Nigeria’s debt] and do easy analysis to seek out out if this stuff are potential by a single particular person.”
Register your electronic mail right here to get a weekly replace on African information despatched to your inbox:
What are your ideas on this story? Tell us what you assume within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.
A Wisconsin congressman will head the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
Bryan Steil, a Republican representing the 1st Congressional District in southeast Wisconsin, was appointed to the role Thursday.
His subcommittee’s jurisdiction includes things like mobile banking and non-fungible tokens, or NFTs. It’ll also be the first stop for legislation on cryptocurrency.
Sign up for WPR’s email newsletter.
Digital currencies have a murky federal regulatory status. That allowed President Joe Biden’s Securities and Exchange Commission Chair Gary Gensler to go after the crypto industry.
The industry responded by spending over $130 million in 2024’s election cycle through its PAC, Fairshake.
It spent $764,206 to independently help re-elect Steil, according to campaign finance database OpenSecrets.
In a statement, Steil said “technologies like financial apps, digital assets, and machine learning revolutionize our economy,” adding that he looks forward to continuing “to provide the rules of the road to move our economy into the future.”
Steil was appointed to his new role by House Financial Services Chair French Hill, R-Arkansas. Hill’s top campaign contributors include the CEOs of the crypto exchange platform Coinbase and the Charles Schwab Corporation.
One of his legislative priorities has been a bill that would set up clearer, crypto-friendly federal financial regulations, which passed the House with bipartisan support in May. He called Steil “instrumental” in passing that bill, and in overturning an SEC rule requiring crypto exchanges to list their digital assets as liabilities on their balance sheets.
Now, the Janesville native will oversee hearings and votes on new crypto-related legislation.
Wisconsin Public Radio, © Copyright 2025, Board of Regents of the University of Wisconsin System and Wisconsin Educational Communications Board.
As Ripple’s XRP ongoing legal troubles continue to keep traders on edge, Polkadot (DOT), Ethereum (ETH), Ethena (ENA), and Cardano (ADA) remain steady. Meanwhile, Injective (INJ), Optimism (OP), Uniswap (UNI), and Tron (TRX) show mixed signals in trading activities. In the middle of all this, whispers of a new market disruptor are growing louder—JetBolt (JBOLT), making headlines with its blazing presale and zero-gas technology. With over 250 million JBOLT tokens already sold, JetBolt’s momentum is undeniable.
With everything from groundbreaking ecosystems to cross-chain powerhouses, the question remains: which crypto to buy right now? Would established crypto coins or rising blockchain superstars dominate 2025? Let’s explore why JetBolt, Polkadot, XRP, Ethereum, Ethena, Optimism, Injective, Uniswap, Cardano, and Tron are the 10 best cryptocurrency coins for 2025.
Which Crypto To Buy Right Now? A Quick List
A Deep Dive Into the 10 Best Cryptocurrency Coins For 2025
JetBolt (JBOLT) is shaking up the crypto world, skyrocketing its way onto traders’ radar as one of the 10 best cryptocurrency coins for 2025 to buy right now. The buzz? Zero gas fees. JetBolt’s game-changing tech, built on the Skale Network, eliminates gas fees entirely, delivering lightning-fast, gas-free transactions that are already turning heads across the crypto space.
This revolutionary feature could also supercharge creativity. Developers can now launch and create dApps, SocialFi platforms, and blockchain gaming ventures without worrying about skyrocketing gas fees holding back innovation.
But that’s not all—JetBolt goes beyond just being another zero-gas token. With an AI-driven crypto tool delivering the latest crypto news and market data straight to its platform, JetBolt is showcasing how blockchain technology and artificial intelligence can go hand-in-hand to add a new functionality to crypto.
Turning it up a notch, JetBolt’s easy-to-earn staking mechanism turns ordinary staking into an electrifying experience. With its sleek, user-friendly Web3 wallet, joining is as effortless as a few clicks. And the twist: staking isn’t just about locking in tokens—it’s about active participation. Engage within the ecosystem and stakers earn even more rewards.
Meanwhile, JetBolt’s presale numbers don’t lie. Over 250 million JBOLT tokens have already been scooped up, with whales diving in to secure their piece of this zero-gas action. In addition, JetBolt’s Alpha Boxes, an exclusive presale perk that boosts batch token purchases by up to 25%, have been flying off the shelves, creating a frenzy that shows no signs of slowing down.
In a world where high gas fees and slow transactions plague most blockchains, JetBolt delivers something truly revolutionary. With every cutting-edge feature thoughtfully designed to resonate with modern and future crypto users, JetBolt quietly sets the bar higher for what blockchain networks can deliver—blending innovation and ease of use into a whole new crypto experience.
Polkadot (DOT) has dropped over 5% in the past week to $6.71 amid $1.23 million in long liquidations. Despite the dip, its advanced parachain technology and expanding ecosystem position Polkadot as a key player in 2025’s multichain future, with crypto analysts targeting $20 soon.
Ripple’s (XRP) price holds at $2.34 with a $134.48 billion market cap. Crypto analysts anticipate a $3 breakout, driven by Ripple’s renewed U.S. expansion amid regulatory optimism under Trump. Its focus on blockchain-based CBDC solutions positions XRP as a key player for 2025.
Ethereum (ETH) trades at $3,319.97 following a 10% drop after the Foundation’s 100 ETH sale. Key support stands at $3,061, with resistance at $3,500. Despite short-term bearish momentum, Ethereum’s dominance in DeFi, staking, and upcoming Danksharding upgrade makes it a top contender for 2025.
Ethena (ENA) faces bearish momentum, trading at $0.9295 with a $2.81 billion market cap. The Death Cross and oversold RSI signal risks, though possible rebounds could push Ethena toward $1.01.
Meanwhile, Trump’s World Liberty Financial putting in millions in Ethena has fueled bullish sentiment, signaling growing institutional interest. This strategic move could boost ENA’s credibility and adoption, providing holders possible stability and long-term value.
X posts by Panos highlight Trump’s World Liberty Financial purchasing millions of dollars in Ethena (ENA)
In addition, its unique stablecoin protocol expansion strengthens Ethena’s DeFi appeal, further establishing it as one of the top picks for 2025.
Optimism (OP) trades at $1.79 with a $2.41 billion market cap. Despite recent bearish sentiment, its Bedrock upgrade, reducing transaction costs by 40%, positions Optimism as a key Ethereum Layer 2 solution. Crypto analysts eye $2.20 resistance and possible $3.00 targets for OP.
Injective (INJ) is now priced at $21.18 with key support at $22 and resistance near $26. A breakout from its descending channel hints at possible bullish trajectories. Injective’s unique focus on decentralized derivatives trading and cross-chain liquidity positions it among 2025’s top cryptocurrencies.
Uniswap (UNI) struggles with a 0.33% daily dip, trading at $12.99 with a $7.8 billion market cap. Despite bearish trends, its innovative decentralized exchange model and Layer 2 scaling solutions could drive renewed interest, positioning UNI as a top 2025 contender.
Cardano (ADA) now trades at $0.9286 with a $32.67 billion market cap. Crypto analysts predict a price range of $1.50 to $2.50 in 2025, depending on key support levels and market sentiment. Cardano’s Hydra upgrade pledges scalability, boosting adoption across decentralized applications.
Tron (TRX) is holding just a little above key support at $0.245, currently pinned at $0.2463. A possible breakout above $0.2700 could push TRX’s prices toward $0.40. Recent partnerships and its ISO 20022 integration further position Tron as a top blockchain for institutional adoption.
What is the best crypto to buy right now in 2025?
While nothing in crypto is ever guaranteed, JetBolt (JBOLT) stands out as one of the top choices for the best cryptocurrency coins to buy right now. With its zero-gas technology, crypto-earning staking model, and AI-powered functionality, JetBolt is leading the way in redefining user-friendly blockchain experiences. JetBolt’s ongoing presale success—with whales already snapping up over 250 million JBOLT tokens—also signals growing excitement around its ecosystem.
What are the 10 best cryptocurrency coins for 2025?
Based on recent price movements and market insights, here are the top 10 best cryptocurrency coins for 2025:
This list of the best cryptocurrencies to buy right now for 2025 include coins with strong ecosystems, utility, and continued development.
In Summary: 10 Best Cryptocurrency Coins to Watch for 2025
Major crypto names like Ethereum (ETH), Ripple’s XRP, Cardano (ADA), and Polkadot (DOT) remain dominant, but breaking news highlights JetBolt’s (JBOLT) presale success and groundbreaking innovations as whale activity surges. Meanwhile, Ethena (ENA), Optimism (OP), Injective (INJ), Uniswap (UNI), and Tron (TRX) also make the list with key developments and strong ecosystems driving interest. Whether through staking rewards, blockchain scalability, or decentralized applications, these cryptocurrency coins deliver unique propositions worth following closely in the coming months.
Explore JetBolt’s game-changing technology and seize the presale excitement by visiting:
JetBolt’s Official Website: https://jetbolt.io/
JetBolt on X: https://x.com/jetboltofficial
Please note that this write-up is not financial advice. Remember that all cryptocurrencies are volatile. Always do your research and consult experts before navigating the unpredictable world of digital assets. No future performance is ever guaranteed, so always exercise caution.
The U.S. Senate Banking Committee, under the leadership of Senator Tim Scott (R-S.C.), is poised to establish a dedicated cryptocurrency subcommittee to advance discussions on digital asset regulation and industry oversight, according to a report by Fox News.
The formation of this subcommittee, modeled after a similar House panel created in 2023, marks a pivotal step toward a more structured approach to crypto legislation at the federal level.
A Senate aide told Fox News that Wyoming Senator Cynthia Lummis, a staunch advocate for cryptocurrency, is the tentative choice to chair this groundbreaking panel. The selection of Lummis, pending a committee vote next Thursday, signals a shift in the Senate’s approach to digital assets. Alongside her nomination, the subcommittee members, representing both Republican and Democratic sides, will also be finalized through the same voting process.
Lummis, known for her vocal support of Bitcoin, has described the asset as “freedom money” and has advocated for its potential to hedge against inflation and enhance financial independence.
She previously proposed a plan for the US to acquire a significant stake in the total Bitcoin supply through a 1-million-unit purchase program over a set period. “Establishing a strategic Bitcoin reserve to bolster the U.S. dollar with a digital hard asset will secure our nation’s standing as the global financial leader for decades to come,” Lummis said at the time.
Her leadership could steer the subcommittee toward developing a more balanced regulatory framework, fostering innovation while ensuring market integrity.
Senator Tim Scott first hinted at the possibility of forming a crypto-focused subcommittee during the Wyoming Blockchain Symposium last August. “Wouldn’t it be kind of cool if we had a subcommittee on the Banking Committee… so that we bring more light to the conversation, more hearings on the industry, so that we get things done faster?” Scott remarked, highlighting his vision for streamlined legislative action.
This move comes as Scott replaces outgoing Chair Senator Sherrod Brown (D-Ohio), who maintained a more critical stance on cryptocurrency. Brown frequently called for stricter oversight, citing concerns about crypto’s role in enabling illicit activities and circumventing sanctions. The change in leadership, coupled with the creation of a dedicated subcommittee, could lead to a friendlier regulatory environment for digital assets under the new administration.
Notably, the subcommittee will include other crypto-friendly lawmakers such as Senator Bill Hagerty (R-Tenn.) and newly elected Senator Bernie Moreno (R-Ohio), both vocal supporters of blockchain technology and cryptocurrency. Moreno, who defeated Brown in the November elections, has vowed to champion crypto-friendly policies in the Senate.
Crypto Regulators Depart Amid Policy Shifts With the departures of key figures, the regulatory landscape for digital assets faces its most dramatic upheaval in years, just as a pro-crypto administration prepares to take office.
/cdn.vox-cdn.com/uploads/chorus_asset/file/25826491/PXL_20250106_223233485.jpg "Intel still dreams of modular PCs — it brought a tablet laptop gaming handheld to CES")
The top out-of-contract players available as free transfers: Kimmich, De Bruyne, Van Dijk…
New Orleans attacker had 'remote detonator' for explosives in French Quarter, Biden says
Carter's judicial picks reshaped the federal bench across the country
Who Are the Recipients of the Presidential Medal of Freedom?
Ozempic ‘microdosing’ is the new weight-loss trend: Should you try it?
21 states are getting minimum wage bumps in 2025
South Korea extends Boeing 737-800 inspections as Jeju Air wreckage lifted
/cdn.vox-cdn.com/uploads/chorus_asset/file/25822586/STK169_ZUCKERBERG_MAGA_STKS491_CVIRGINIA_A.jpg "Meta is highlighting a splintering global approach to online speech")
Meta is highlighting a splintering global approach to online speech