• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: CAR Price Surges Over 17%
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > CAR Price Surges Over 17%
Crypto News

CAR Price Surges Over 17%

vitalclick
Last updated: May 29, 2025 8:24 pm
2 days ago
Share
SHARE

Faustin-Archange Touadéra, the President of the Central African Republic, signed a decree to tokenize more than 1,700 hectares of land in the county. Through his official X account, the president announced that the land will be tokenized on the Solana (SOL) network using only the country’s token dubbed Central African Republic Meme ($CAR).

According to the presidential decree, the segregated land in the country will only be accessible via CAR token beginning June 2025. Consequently, the CAR memecoin has gained significant attention from speculative crypto traders.

“Starting June, land concessions will be accessible online using $CAR, directly on Solana. A new era of access and transparency begins,” Touadéra noted.

Central African Republic Meme (CAR) Defies Crypto Bearish Sentiment 

The CAR memecoin has largely decoupled from the wider altcoin market, which has been trapped in bearish sentiment in the past two weeks. According to Coimpedia’s crypto oracles, CAR price surged over 17 percent following the announcement to trade about $0.053 on Thursday, May 29 during the mid-North American trading session.

The small-cap memecoin, with a fully diluted valuation of about $54 million and a 24-hour average trading volume of around $9.2 million, has surged more than 300 percent in the past two months. As a result, CAR price has achieved a significant bullish momentum to possibly pump towards its all-time high (ATH) of about 77 cents, about 93 percent.

Meanwhile, Bitcoin (BTC) price led the wider altcoin market in mild correction, thus the total crypto market cap dropped by 3 percent in the past 24 hours to hover about $3.5 trillion. However, the notable surge of CAR price could signal an incoming crypto rally catalyzed by the wider adoption of digital assets by institutional investors amid clear regulations.

You Might Also Like

Bitget Hits All-time Highs in Trading Volume, Open Interest, and Daily Active Traders 

Cryptocurrency Companies Paid 31 Billion Dollars! Cryptocurrency Industry is Facing a Historic Pressure!

Breakout Alert! Is Dogwifhat (WIF) Ready to Skyrocket? Eyes on $2.3

Spirit Blockchain Capital Fully Acquires Dogecoin Portfolio Holdings to Strengthen its Web3 Investments

Cardano (ADA) Price Prediction For January 13

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Dogecoin Price Facing $0.23 Resistance But RTX Investors Are Already Up Over 420% This Year
Next Article Company Now Owns 420,355 SOL
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?