X Money App May Use Nollars Network To Speed Up Dogecoin Transfers
Currently, NOLA token pre-sale (nolas website) has passed the 100,000 sales milestone and sparked new speculation that it may increase buyer activity this week. There is ongoing discussion among cryptocurrency traders about the possibility that the Nollars Network will play a major role in the upcoming payment system called Money, which Elon Musk is building for the X social media platform (previously called Twitter).
When will the X payment system “MONEY” be launched?
The MONEY app is expected to launch sometime in 2025, with the original memecoin Dogecoin (DOGE) expected to become the main cryptocurrency option in the system. Analysts predict that Dogecoin’s value could rise significantly, Probably more than $1 By the time “MONEY” was launched, its current price was 36 cents.
It has been speculated that the upcoming Norlars Network IES Layer-2 blockchain may affect how Dogecoin is used in the X platform. There are several reasons behind this speculation, largely related to Elon Musk’s reasons for choosing Dogecoin. Unlike Bitcoin, Dogecoin is not a deflationary currency and its larger coin supply makes it psychologically more attractive for trading. Additionally, Dogecoin runs on its own blockchain, which facilitates fast transactions and application development.
However, one limitation of Dogecoin is its lack of cross-chain functionality.
It is believed that Nollars Network (NOLA) can make a significant contribution in this regard.
How Noras can help
The upcoming blockchain aims to address this gap by providing a solution through its IES (Ineffable Exchange System) layer 2 technology. This will serve as the base layer for future projects aimed at enabling multi-blockchain exchanges for memecoins. Nollars Network’s mainnet is expected to be the core for a variety of decentralized applications, facilitating faster and more cost-effective trading of Dogecoin compared to traditional cryptocurrency exchanges.
The $NOLA token is crucial to facilitating these transactions and is attracting increasing attention during the pre-sale phase. Notably, large investors in the cryptocurrency space have been purchasing large amounts of NOLA tokens, suggesting that these well-informed investors may be anticipating big news about the project to be released soon.
To date, 11 investors have purchased large amounts of NOLA, demonstrating strong support for the ecosystem. Additionally, small investors, often referred to as “crypto shrimp and crabs,” have been employing dollar-cost averaging (DCA) in the project.
The current discounted price of NOLA tokens in the pre-sale is $0.50, providing investors with a potential profit opportunity. Token is Confirmed It will be listed on cryptocurrency exchanges in May, and the listing price is expected to be 66% higher than the initial offering price of 83 cents. The Money on X app is rumored to go live in the second to third quarter of this year, further fueling speculation that Dogecoin will become the main option for peer-to-peer payments in this new ecosystem.
