Monat: Dezember 2023

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XRP whales trigger surge as new online trading platform token presale gathers steam

  • XRP price surges 1.17% on whale transactions, hitting $0.6168.
  • Pullix’s PLX token presale raises $1M+, 58% sold, priced at $0.044.
  • Pullix offers “Trade-to-Earn,” governance, and revenue-sharing.

XRP price has surged considerably following massive whale transactions, while the presale of the upcoming online trading platform Pullix expected to launch in January 2024 quickly sells out. The presale is in the third stage and already 58% sold out raising over $1 million in a matter of weeks.

Below is a closer look at Ripple’s XRP token especially now that whales are making significant transactions in anticipation of 2024 market dynamics. We shall also delve into the evolving narrative around Pullix’s innovative approach to online trading.

XRP price surges amidst whale transfers

XRP, a prominent cryptocurrency backed by Ripple, witnessed substantial price movements as 182.6 million XRP was shuffled across wallets.

Notably, four transactions involved transfers to major centralized exchanges, including Bitstamp, Bitso, and Bybit. An intriguing development was the transfer of 120 million XRP from Ripple to an unknown wallet.

The market responded with a 1.17% surge in XRP’s price, currently standing at $0.6168. Analysts, such as Cryptoes, point to the potential for further gains as long as XRP maintains its position above a crucial support level.

Pullix’s innovative approach to online trading

As XRP makes waves for the large whale transactions, another cryptocurrency associated with the much anticipated online trading platform Pullix, which is a hybrid crypto trading and investment exchange, is currently in Stage 3 of its PLX token presale. With 41.9% of the 7,260,907 total tokens already sold, the presale has raised $1,049,164.

The PLX token, currently priced at $0.044, boasts a unique “Trade-to-Earn” mechanism, offering users instant rewards for trading and revenue-sharing opportunities. The presale price is scheduled to increase in the next nine days.

Pullix’s ecosystem combines decentralized features, off-chain order books, and AI-backed tools for a comprehensive trading experience. This forward-thinking approach aims to address challenges faced by both decentralized and centralized exchanges.

Should you invest in Pullix now?

As the PLX token presale progresses, the question arises: should investors participate in Pullix now? Well while the decision to invest in any crypto project is the prerogative of an investor and requires a thorough background check, Pullix introduces a range of features, including deep liquidity, leverage up to 1000:1, and a governance model allowing token holders to influence market additions.

The innovative revenue-sharing mechanism, where token holders profit from the daily exchange revenue, adds a unique dimension. Pullix’s commitment to user security, privacy, and a community-driven ethos further distinguishes it in the market.

However, potential investors should still exercise caution. The crypto market’s inherent volatility means prices can fluctuate rapidly, and the success of any project is subject to execution and market dynamics. Thorough research into Pullix’s whitepaper, team, and technology is essential. Additionally, understanding the risks associated with investing in a presale is crucial for informed decision-making.

To learn more about Pullix, visit the project’s official website.

The post XRP whales trigger surge as new online trading platform token presale gathers steam appeared first on CoinJournal.

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Bitcoin eyes $44k again as Memeinator’s presale approaches $2.5m

Key takeaways

  • Bitcoin is trading above the $43k level once again and could rally higher soon.

  • Memeinator’s presale is now approaching the $2.5m milestone as more investors enter the project.

The cryptocurrency market is having a positive week so far following the dip over the weekend. BTC is eyeing the $44k level once again and could rally higher in the short term. Meanwhile, Memeinator’s presale is now approaching a key milestone.

BTC targets $44k

Bitcoin, the world’s number one cryptocurrency by market cap, has been performing well since the start of the week. It is up by more than 2% over the last 24 hours and has recovered from the weekend’s dip. 

At press time, the price of Bitcoin stands at $43,647 per coin. If the bullish pattern persists, BTC could be eyeing the $44k level over the next few hours. Altcoins have also been performing well, with SOL and AVAX being some of the best performers. 

What is Memeinator?

The crypto market is recovering from its weekend dip and investors continue to invest in new projects. Memeinator is one of the projects that has caught the attention of investors in recent weeks.

It is a Web3 project that seeks to provide excellent services to content creators within the crypto ecosystem and beyond. Memeinator is launching as a meme project and is on a mission to destroy worthless memes on the internet. 

The development team are working hard to see Memeinator reach a billion-dollar market cap once its products become available and its token gets listed on cryptocurrency exchanges. 

Memeinator will leverage AI technology and blockchain to identify worthless memes, allowing investors to know them and avoid them. 

At the moment, its presale is in its ninth stage and the team has raised more than $2.3 million. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early investors an amazing 132% ROI at listing.

To conclude the presale, the team will launch a Memeinator game where players will get a chance to eliminate enemy memes and win some exciting prizes. 

Why is the Memeinator presale attracting more investors?

Memeinator continues to attract the attention of investors thanks to its excellent and unique value proposition. With the right level of adoption, Memeinator would be used by degens, crypto natives, speculators, and content creators. This could turn Memeinator into one of the biggest meme coins in the crypto space. 

Per the whitepaper, Memeinator will leverage AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. The primary objective of Memeinator is to uplift meme culture and quality.

To make its MMTR token attractive to investors, the Memeinator have rolled out some excellent incentives and features. There are rewards for holders while the token has deflationary mechanisms. Additionally, 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Click here to read more about the Memeinator presale.

Is the Memeinator going higher? 

MMTR’s price will continue to go higher till the end of the presale. During the first stage, MMTR was sold at $0.01 per token and it now goes for $0.0157. The price will increase to $0.0166 once the presale enters stage ten. 

Memeinator has raised nearly $2.5 million since the presale launched a few weeks ago. This meme coin intends to leverage AI technology to provide excellent value to investors and users in the medium and long term.

MMTR’s value could soar higher in the coming months and years once the token gets listed on cryptocurrency exchanges. Furthermore, with the crypto market now bullish, MMTR could gain massive adoption and a surge in price in the medium to long term.

The post Bitcoin eyes $44k again as Memeinator’s presale approaches $2.5m appeared first on CoinJournal.

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Santa Claus rally restarts, BTC eyes YTD high as Memeinator thrives

  • Cryptocurrencies are in a strong uptrend ahead of Christmas.

  • There are signs that a Santa Claus rally is underway.

  • Memeinator token is nearing its target goal.

A Santa Claus rally is emerging in the crypto and stock market. Bitcoin is targeting the year-to-date high while American indices like the Dow Jones, S&P 500, and Nasdaq 100 indices are trading at their record highs. 

In addition to BTC, other cryptocurrencies like Solana, Bonk, and IoTeX are also doing well. Indeed, Solana has just overtaken XRP to become the fifth biggest cryptocurrency in the world, helped by the meme coin hype.

Meanwhile, Memeinator, an upcoming cryptocurrency that aims to infuse the concept of Artificial Intelligence (AI) with meme coins is thriving. Its token sale is slowly nearing its target of $2.4 million as it nears its end.

Why are cryptocurrencies soaring?

Cryptocurrency prices are surging because of several important factors. First, the SEC, Blackrock, and Nasdaq held their second meeting to deliberate on the mechanics of a spot Bitcoin ETF. This meeting confirmed to many people that the SEC would approve these ETFs in the coming weeks or months.

They are also jumping because of monetary policy issues. On Wednesday, the Office of National Statistics (ONS) published encouraging inflation data. The data revealed that the UK inflation dropped below 4% in November.

These numbers confirmed that global inflation was falling and that central banks wll start cutting interest rates in the coming months. The Fed has hinted that it will start lowering rates in June next year. Other banks like the ECB and the Swiss National Bank (SNB) are also expected to lower rates.

Cryptocurrencies and stocks tend to do well in a period of rate cuts because it usually ushers a new era of risk-on sentiment. This explains why the US dollar index and global bond yields have pulled back in the past few weeks.

Therefore, analysts believe that the cryptocurrency bull run is just geting started. In a note, an analyst at CryptoQuant noted that Bitcoin could rise to a high of $164k in 2024. He highlighted the following factors.

“We argue that bitcoin and crypto markets could have a positive year in 2024 mostly amid the effects from: 1. The market valuation cycle, 2. Network activity, 3. The bitcoin halving, 4. The macroeconomic perspective, 5. Bitcoin spot ETF approval and 6. Growing stablecoin liquidity.”

Memeinator to benefit

Memeinator’s MMTR token will likely benefit if this forecast is accurate since most altcoins tend to do well when Bitcoin is rising. We have seen several new meme coins surge in 2023. For example, coins like Bonk and Pepe have gained a combined market cap of over $1 billion this year.

Memeinator is aiming to conquer this industry by creating a cult following among community members. Already, more than 384k people have entered its competition to win a trip to space using Virgin Galactic’s ship. Its promotion has also reached millions of users.

In addition to its meme coin tools, the network aims to take advantage of artificial intelligence, which has gone mainstream this year. Therefore, I suspect that the MMTR will join the crypto rally in 2024. You can buy the MMTR token here.

The post Santa Claus rally restarts, BTC eyes YTD high as Memeinator thrives appeared first on CoinJournal.

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NEAR Protocol spikes 20% to hit $3: Is NEAR just getting started?

  • NEAR Protocol (NEAR) price rose 20% on Wednesday to hit $3 as TVL reached $76 million.
  • Technical indicators suggest bulls have the upper hand and could target $6.00.

NEAR Protocol (NEAR) is one of the top performing crypto assets today, alongside the skyrocketing Solana (SOL), Stacks (STX) and Injective (INJ). With Bitcoin (BTC) breaking above $44k and Solana flipping XRP in market cap, it’s been an eventful 24 hours for the crypto market.

What next for NEAR price?

According to data from the NEAR block explorer, the latest upsurge in price of the sharded proof-of-stake blockchain’s native token has come as the total count for unique addresses rose sharply. 

The total value locked in the NEAR ecosystem has also increased, with DeFiLlama data showing TVL has risen from $55 million on December 17 to over $76 million on December 20.

 A look at the NEAR Protocol technical picture shows the Relative Strength Index (RSI) currently sits at 73.  While it’s piercing into the overbought territory, the daily RSI is overextended yet. The Moving Average Divergence Convergence (MACD) indicator on the daily chart is also suggesting that the upside move may yet continue.

Today, the price of NEAR Protocol jumped 20% to above $3.00. Meanwhile, its daily trading volume increased by more than 210% to over $761 million. If bulls hold prices above $2.55 in coming days, it is likely NEAR could return to August 2022 levels above $6.00. 

On the downside, primary support is expected at $2.18.

The post NEAR Protocol spikes 20% to hit $3: Is NEAR just getting started? appeared first on CoinJournal.

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UK to involve players on crypto legislation as Pullix presale nears $1M

  • Paving the way for digital securities legislation, the UK partners with finance and tech sectors.
  • Pullix, a hybrid exchange, introduces PLX token, “Trade-to-Earn” concept, and a diverse ecosystem.
  • Pullix’s ecosystem includes off-chain order book, lending protocol, and VaultX.

In a significant move toward embracing the burgeoning crypto landscape, the UK government has announced plans to partner with financial and tech sectors to establish legislation for digital securities. Concurrently, Pullix, an emerging player in the crypto space, is making waves with its unique approach and ongoing presale.

This article delves into the details of the UK’s crypto-friendly initiatives and sheds light on Pullix’s innovative features and tokenomics.

UK government’s push for digital securities legislation

The United Kingdom, under the leadership of Prime Minister Rishi Sunak, is positioning itself as a hub for the crypto industry. A key development in this strategy is the government’s collaboration with financial services and technology industries to formulate legislation for digital securities. The proposed Digital Securities Sandbox (DSS) has garnered positive responses since its introduction in a July consultation.

The DSS, overseen by the Bank of England and the Financial Conduct Authority (FCA), is designed to allow companies to test new digital securities products under regulatory supervision. Respondents to the consultation emphasized the importance of flexibility within the sandbox rules to accommodate novel use cases. Additionally, clarity on tax treatment within the sandbox remains a priority for stakeholders.

The government’s commitment to working with regulators and industry players showcases a proactive approach, to create a conducive environment for testing and deploying digital securities. Assets such as debt, equity, and money-market instruments are set to be included in the sandbox, addressing requests from respondents for a broader scope.

Pullix’s innovative approach

As the UK paves the way for digital securities legislation, Pullix emerges as a dynamic player in the crypto space, offering a hybrid exchange solution that combines features of both centralized and decentralized platforms. Pullix aims to tackle liquidity challenges in decentralized finance (DeFi) and provide users with a secure, user-friendly trading experience.

One of Pullix’s standout features is its PLX token, the world’s first “Trade-to-Earn” cryptocurrency currently in the presale stage. Notably, PLX token holders will enjoy a unique revenue-sharing mechanism, allowing them to profit from the exchange’s daily revenue and earn a fixed passive income by providing liquidity.

The token’s utilities include serving as a currency for traders on the platform, providing exclusive access to certain assets and trading conditions, staking for rewards, and acting as a vehicle for distributing rewards, cashbacks, and promotional offers.

Pullix’s platform encompasses a range of features, including margin trading, advanced institutional tools powered by OpenAI, and a decentralized off-chain order book. The platform’s commitment to user security is highlighted by the non-custodial approach, where users retain control of their assets and private keys.

Pullix’s ecosystem is designed to cater to a variety of user needs within the crypto space. From the decentralized off-chain order book facilitating direct order execution to the lending protocol enabling money markets for lending and borrowing, Pullix covers a spectrum of services.

VaultX, Pullix’s decentralized, multichain yield optimizer, allows users to earn compound interest on their crypto holdings, prioritizing safety and efficiency. The DeFi swap feature makes trading tokens at low fees more accessible, operating on an automated market maker model. Yield farming further enhances user engagement, enabling PLX holders to earn rewards by contributing to liquidity through staking LP tokens.

The implementation of machine learning for copy trading sets Pullix apart, allowing users to replicate successful trading strategies based on data points aligned with their goals and preferences. With a focus on “Trade-to-Earn,” Pullix redefines the concept of rebates, providing instantaneous token rewards to traders regardless of trade outcomes.

Conclusion

The collaborative efforts between the UK government and the crypto industry signify a progressive step toward integrating digital securities into the financial landscape.

Simultaneously, Pullix’s innovative features and upcoming presale contribute to the dynamic and evolving nature of the crypto ecosystem, offering users a comprehensive and user-friendly trading experience.

The post UK to involve players on crypto legislation as Pullix presale nears $1M appeared first on CoinJournal.