Monat: Dezember 2023

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Galaxy Digital CEO predicts Bitcoin ETF approval by January 10 as Everlodge tokenizes real estate

  • Galaxy Digital CEO predicts Bitcoin ETF approval by Jan 10, citing market dynamics and SEC urgency.
  • Everlodge disrupts real estate with blockchain and fractional ownership.
  • Everlodge’s ELDG token features discounts, rewards, and staking; the Beta presale stage attracts investor attention.

Galaxy Digital CEO Michael Novogratz’s recent insights into the highly anticipated Bitcoin ETF approval set the stage for a dynamic landscape for Bitcoin (BTC) and the entire crypto market.

As Bitcoin continues to make waves, Everlodge, a unique property marketplace, enters the fray with an innovative approach to fractional vacation home ownership. This article delves into Novogratz’s predictions, the significance of January 10th, and why the Everlodge presale is capturing attention as a promising investment opportunity.

Bitcoin ETF approval anticipation 

Michael Novogratz, the CEO of Galaxy Digital, has sparked excitement in the cryptocurrency community with his bold prediction regarding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). In a recent CNBC interview, Novogratz pointed out Bitcoin’s remarkable 150% surge over the past year, attributing this bullish trend to the Federal Reserve’s dovish stance.

The anticipation revolves around the critical date of January 10th, a potential deadline with legal implications. Novogratz confidently stated, “We’re gonna get this ETF before Jan. 10.” He underscored the urgency tied to SEC Chair Gary Gensler and potential legal repercussions involving Grayscale, adding a layer of significance to this anticipated milestone.

Everlodge: revolutionizing fractional vacation home ownership

Transitioning from the dynamic Bitcoin landscape, Everlodge emerges as a disruptive force in the real estate market.

Everlodge positions itself as a property marketplace that allows users to fractionally invest in hotels, vacation homes, and luxury villas, leveraging blockchain technology. What sets Everlodge apart is its integration of fractional vacation home ownership, timeshare, and NFT technology, creating a unique amalgamation of traditional and cutting-edge approaches. It digitizes and fractionalizes real estate, allowing users to invest in smaller amounts while enjoying the potential for value appreciation.

Everlodge is currently in the presale stage of its native token, EDLG, which has become a focal point for investors seeking diverse investment opportunities. The EDLG presale, currently in its Beta stage, offers a unique chance to get involved in the world’s first property marketplace for fractional vacation home ownership.

The ELDG token offers holders discounts on property purchases, rewards in the form of free nightly stays, and staking opportunities for fixed monthly interest. The Everlodge ecosystem, comprising a marketplace, launchpad, rewards club, and lending platform, adds layers of utility to the token.

Conclusion

Novogratz’s optimism extends to the regulatory front. While acknowledging hurdles posed by certain politicians and corporate leaders, including Elizabeth Warren and the Biden White House, he sees potential progress through a bipartisan group.

The convergence of Galaxy Digital’s Bitcoin ETF predictions and Everlodge’s groundbreaking approach to property ownership sets the stage for a dynamic period in the financial and real estate markets. Investors and enthusiasts alike are navigating this landscape with cautious optimism, looking towards January 10th and beyond.

The post Galaxy Digital CEO predicts Bitcoin ETF approval by January 10 as Everlodge tokenizes real estate appeared first on CoinJournal.

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Solana (SOL) briefly flips XRP as Meme Moguls (MGLS) presale creates buzz

  • Solana (SOL) briefly flipped XRP as its market cap rose above $33 billion.
  • Analysts are bullish on SOL price, noting the potential for upside continuation.
  • Meme Moguls (MGLS), a new meme-based token, is creating waves in the market as its presale breezes through stage 2.

Solana (SOL) has outperformed Bitcoin and all top altcoins in the past few months. As bulls looked to strengthen above $70 on Wednesday, Solana’s market cap briefly flipped that of XRP.

Elsewhere, meme-based crypto token Meme Moguls (MGLS) looks poised for a potentially explosive 2024.

Solana price prediction as SOL briefly flips XRP

Solana (SOL) has soared more than 600% since its lows in December 2022. The smart contracts blockchain platform’s native token has in the process recouped losses suffered when the broader contagion caused by the collapse of crypto exchange FTX pushed SOL to below $10.

Having traded to highs of $79, Solana bulls are likely to eye $100 in coming weeks as its bullish momentum strengthens. Today’s brief flippening of XRP came as recent gains sparked by the meme coin Bonk (BONK) pushed SOL’s market cap above $33 billion on December 20.

According to one crypto analyst, Solana’s upside trend is likely to continue amid its “bullish consolidation.”

“There’s no doubt this is going higher,” pseudonymous analyst The Crypto Dog opined on X.

Meme Moguls (MGLS): A meme token poised for explosive 2024

Meme Moguls (MGLS) is a new crypto platform designed for both the seasoned trader and meme enthusiast. It’s offering of a play-to-earn (P2E) game ecosystem where anyone can hop onto the latest trends in crypto, harnessing their trading skills to earn lucrative rewards in the native MGLS token.

This could be via leaderboard competitions, staking, and NFT trading among other innovative ways that put MGLS holders in control of how to add to their returns as they support the ecosystem or play against other community members.

Meme Moguls has outlined a presale that will see 60% of the 3 billion token supply go to the community of early users. The potential for this token to become the next Pepe, Bonk, Shiba Inu or Dogecoin has the crypto market buzzing about its presale.

Meme Moguls (MGLS) presale

Having started at just $0.0019 per token, the wave being witnessed as traders snap up $MGLS has pushed the price to $0.0023, with over $600,000 raised in stage 2 so far. 

According to details on the Meme Moguls presale page, there less than 164 million tokens remaining before the the next stage and price increases.

While still in presale, the huge interest currently engulfing the Meme Moguls’ early bird offer could help catapult prices higher when the project launches in early 2024. According to projections, the price of MGLS could see a 100x move if the crypto bull market rolls in as forecast.

If you are considering taking a look at this project to learn about its tokenomics and utility, the whitepaper is available here.

The post Solana (SOL) briefly flips XRP as Meme Moguls (MGLS) presale creates buzz appeared first on CoinJournal.

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Polkadot (DOT) gains 43%; Cardano (ADA) and InQubeta (QUBE) look promising

Some are calling Polkadot (DOT) the best cryptocurrency to invest in right now after 43% gains last month. The project’s developers recently revealed plans to work with the Cardano (ADA) project to build a partner chain using Substrate, Polkadot’s SDK base.

ADA has also enjoyed substantial growth lately with prices increasing by 55%. 

Meanwhile, InQubeta (QUBE) is also being touted as the best cryptocurrency ICO to invest in as its presale sells over $7.1 million worth of tokens. The presale still has four more stages to go, yet early investors have already made 175% returns. 

InQubeta (QUBE) creates an alternative way to invest in AI

Going by the success of its presale so far, InQubeta has positioned itself as one of the best DeFi projects launched this year. Its success can be attributed to the fact that it looks to create an alternative way to invest in artificial intelligence (AI) giving investors who do not meet the income requirements of many traditional investment mediums an alternative way to partner with AI firms and earn profits as they grow. 

InQubeta’s position as the first cryptocurrency decentralized finance project to focus on making AI investment more accessible positions it to enjoy exponential growth as over $1.5 trillion pours into the AI industry in the next several years. 

Investing in AI today is like investing in companies like Netflix and Amazon during the early days of the internet revolution. Those who had the foresight to predict the tremendous impact these companies would have and invested appropriately have earned exponential returns. 

The AI revolution is on course to reshape the world and it will create opportunities for investors to earn considerable returns. Investing in AI also provides some security against the uncertainties the technology will bring. You might end up losing your job to AI, but you won’t care because you’ve made life-changing profits by investing in AI. 

How decentralized investing works on the InQubeta network

InQubeta’s blockchain is deployed on the Ethereum (ETH) network, giving it the same security, transparency, and functionality. This allows for the creation of an investment ecosystem that swaps stocks with ERC20 coins. 

These non-fungible tokens (NFTs) are made by startups looking to secure capital and are sold on the ecosystem’s marketplace. Investors can learn about the different items on the ERC20 token list on the marketplace and QUBE is used for all purchases. 

Investors can hold on to their tokens as their value increases or they can resell them on the NFT marketplace at any time. 

Polkadot (DOT) expected to enjoy considerable growth in 2024

DOT prices have risen 29% in the past month, but it hasn’t enjoyed as much growth as many projects have since BTC went on its bull run. However, Polkadot’s utility positions the project for substantial growth in 2024 and beyond. 

The project hosts a multichain-sharded protocol that connects specialized blockchains and allows for the transfer of data and assets. Its protocol was designed to help facilitate the foundation for a decentralized internet of blockchains. 

Cardano (ADA) up 120% in 2023

ADA price has struggled for most of 2023, hovering around the $0.25 mark, but prices have surged considerably in the past three months. The Cardano project is once again getting lots of attention from investors and that could push prices towards highs set in 2021. It wouldn’t be surprising if ADA prices surge as much as 4x in 2024.

Conclusion

QUBE, ADA, and DOT are among the top altcoins to buy as 2024 draws near. InQubeta leads the trio as far as their growth potential is concerned with some projections expecting 100x gains in 2024.

For more about InQubeta and its ongoing presale, visit the InQubeta Presale website or join the InQubeta communities.

The post Polkadot (DOT) gains 43%; Cardano (ADA) and InQubeta (QUBE) look promising appeared first on CoinJournal.

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Solana faces litmus test at $75, as investors grab early Christmas gift on Memeinator

  • Solana has been bullish since October but faces resistance at $75

  • Memeinator sale has accelerated, with a 10% Christmas bonus for presale buyers.

  • Memeinator is a potential 10x and 50x gainer.

With double-digit gains in the past week and a bullish market since October, Solana holders must be happy. For a token that traded at just $19 in early October, a current price of $75 is worth attention. But how long can SOL market price gains continue? We get to the details and let you know more about the tantalising Memeinator presale, now on Stage 9.

Solana faces bear test at $75

Undoubtedly, Solana has been one of the best cryptocurrencies by returns in the last quarter of 2023. The gains have been fueled by network activity. A market report shows that the daily user activity on Solana rose by nearly 400% in the fourth quarter. The growth was a massive leap compared to just 3% for its close competitor, Ethereum. 

User activity on Solana has been mainly fueled by a series of airdrops by protocols that use the chain. For example, Oracle network Pyth (PYTH) airdropped 250 million tokens valued at $77 million on November 20th. Jito, another protocol on Solana, airdropped $225 million worth of tokens on December 7th. 

Solana’s price is also fueled by NFT and DeFi growth. For example, in the last three months, sales of NFTs on the network have risen by almost 500%. The increase has helped Solana outpace Ethereum on NFT sales volumes. Consequently, SOL price has responded as the token is used as the settlement layer on the platform.

Nevertheless, the $75 price is a key resistance. SOL has held to the level for the past three days, but bulls have been unable to break past it. Neither have the bears been able to force a correction, with bulls standing their ground. Obviously, the high network activity could support further gains and a potential breakout. But if bears take control, SOL might clash to up to $60 or lower. The risk invites caution for Solana buyers.

The Memeinator presale

Memeinator presale is an exciting capital-raising undertaking paving the way for a new meme crypto project. The presale occurs in 29 stages, with the current 9th stage almost at its conclusion. To give its presale investors an early Christmas gift, Memeinator has opened a bonus for its early backers. Investors are rewarded with a 10% bonus for $5,000 worth of MMTR purchases. The bonus ends in 4 days. 

Since opening a presale, Memeinator has been attractive for a good reason. The token’s price increases at every stage, with the current price at $0.0157. The token was valued at just $0.01 when the presale opened. MMTR will rise to $0.0485 at the end of the presale, returning 132% to investors. But is this all investors get with Memeinator investment?

How attractive is Memeinator?

If you have been watching the meme space for a while, you know it’s an industry with its ups and downs. You can’t fail to mention a project that went under with investors’ money. The rise of fake memes and rugpulls has made it difficult for investors to make worthwhile investments.

Memeinator’s value proposition lies in destroying weak, subpar, and non-original meme tokens. To achieve its objective, Memeinator deploys AI and meme-targeting systems. The technology crawls the web to find its targets and destroy them. In the end, Memeinator aims to become an investors’ darling, helping them invest in valuable projects.

To gain traction of its own, Memeinator invests in heavy marketing to dominate social chatter and popularity. Investors are also provided passive income-earning opportunities through staking, gaming, and community NFTs. Consequently, Memeinator has been touted as a $1 billion potential market cap crypto project.

Can Memeinator rise by 10x in 2024?

While Memeinator is still in presale, it has generated sufficient enthusiasm to become one of the best memes. The presale has raised over $2.26 million and is still going strong. Considering the parabolic moves recorded in the meme space, a 10x gain could be an underprediction for MMTR. The gains could be 50x or more in the future as Memeinator gains more traction.

The post Solana faces litmus test at $75, as investors grab early Christmas gift on Memeinator appeared first on CoinJournal.

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Marathon Digital to acquire Bitcoin mining sites for $179 million

  • Marathon Digital will pay $179 million to acquire two Bitcoin mining sites with 390 megawatts of capacity from Generate Capital.
  • MARA stock surged by 9% after the news, bringing year-to-date gains to over 530%.
  • Bitcoin was trading above $42k, up 2.2% in the past week after paring recent gains.

Bitcoin mining firm Marathon Digital is set to add to its mining capacity and reduce the cost of mining BTC when it completes the purchase of two Bitcoin mining sites for $179 million.

Marathon will buy the two mining sites from subsidiaries of Generate Capital at a cost of $458,000 per megawatt, with this paid for in cash, the company said in a press release. In total, the deal will see Marathon add 390 megawatts to its mining capacity.

Marathon to reduce cost of mining BTC

According to Marathon, the transaction will be its “first fully owned sites”, adding to the 3% of 584 megawatts it directly controls in its portfolio. The deal should see Marathon’s capacity jump to 910 megawatts, with 45% of this on sites the company owns and 55% on third-party owned or operated sites.

Currently, 97% of the megawatts is hosted on third party sites.

Marathon says that the acquisition will see its operational hashrate rise to 50 exahashes over the next 18-24 months. The miner says the transfer of the sites in Granbury, Texas and Kearney, Nebraska should happen in Q1, 2024. If the deal closes by then, it would be just before highly anticipated Bitcoin halving.

The company expects to cut mining costs by about 30%.

“By acquiring the sites in Granbury, Texas and Kearney, Nebraska from Generate, we have an opportunity to reduce our bitcoin production costs at these sites, to capitalize on energy hedging opportunities, and to expand our operational capacity,” Fred Thiel, Marathon’s chairman and CEO, said.

Marathon’s announcement saw the price of its MARA stock jump 9% on Tuesday. MARA was up 47% in the past week and 536% year-to-date at the time of writing. Meanwhile, Bitcoin price was up 2.3% in the past seven days and 154% YTD.

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