Monat: Januar 2024

• Unibot price outlook as new Telegram trading bot Bitbot hits presale stage
• UNIBOT trades around $89 on January 20, down from highs of $236 in August 2023.
• With the token’s early investors seeing 200x following its launch, could Bitbot prove a better buy in 2024 given its advantages over Unibot?

New Telegram trading bot Bitbot (BITBOT) launched its presale as anticipated earlier this week. It is currently attracting huge interest as the raised amount surpasses $147k in just three days. 

Meanwhile, Unibot (UNIBOT), one of the popular Telegram-based crypto trading apps, is looking to bounce after hitting lows of $74.73 on January 19.

Here is Unibot’s price outlook as the market eyes fresh momentum following this week’s struggles. But could Bitbot’s explosive start to the presale be a precursor of its eventual dominance of the space?

What is Bitbot?

Bitbot is a Telegram trading platform that offers the world’s first non-custodial crypto trading bot. What this means is that unlike other trading apps on Telegram, Bitbot will not hold or store its users’ crypto.

This all boils down to security, which is a priority following recent compromises, including those that involved Unibot and Banana Gun. Bitbot’s non-custodial design, which taps into MPC wallet security of decentralized digital asset custody provider Knightsafe, is currently not available via any other Telegram trading bot.

By tapping into MPC Custody, the bot ensures a keyless management system where control over assets remains with the trader. Also key is the anti-MEV and anti-rug tools that provide a further shield against monitoring bots and potential scams.

Apart from top-notch security, the Solid Proof audited project also offers access to copy trading, yield optimization and automated sniping. With such tools at a trader’s disposal, anyone can now take advantage of the opportunities available in the crypto trading market.

Bitbot presale is live

After a long wait for its presale debut, Bitbot hit the market on January 17, 2024, debuting its BITBOT token sale at $0.01.

The amount raised has quickly shot past $100,000 as early adopters signal the industry’s confidence in the trading bot’s technology, features and potential. Unibot has a total supply of 1 billion tokens, 300 million of which will be available to presale participants across 15 stages. 

Currently, the raised amount has reached $149,000 and could soon hit stage 1 milestone of $200k. The project targets $4.32 million.

Unibot price prediction

Telegram crypto trading bots currently have a total market cap of $420 million. Unibot currently accounts for $89 million, up from the lows of $39 million reached following a hacking incident in October. Unibot’s market cap was $200 million a few weeks before the exploit.

Unibot is looking to recapture this, but price currently hovers near $88.90 on January 20, 2024. 

However, the trading bot’s expansion to the Solana blockchain has coincided with a boom in meme coins on the network. User numbers and trading volume has spiked in recent weeks to suggest an uptick in the market could see UNIBOT price reclaim support above $100.

According to data from CoinGecko, the Unibot’s token reached an all-time high of $236 in August 2023.

Could Bitbot be a better buy in 2024?

When it launches in the market at the end of its presale phase, Bitbot will not just bring self-custody trading to users; it will offer access to a range of features and opportunities that could see it swiftly become the most popular Telegram trading app.

With early Unibot adopters having seen gains of more than 200x as price reached its ATH and market cap surpassed $200 million, a similar trajectory could be seen with BITBOT.  

Bitbot’s launch amid the bull cycle could also be the perfect timing. Traders have a chance to position themselves for the investment potential that holding the native BITBOT token brings. With Telegram boasting over 800 million users, Bitbot’s launch on the messaging platform could see it challenge Unibot.

Learn more about Bitbot here.

The post UNIBOT price outlook as Bitbot presale gathers pace appeared first on CoinJournal.

• Fidelity’s FBTC hits $1B inflows, second to BlackRock’s IBIT.
• 10 out of the 11 approved ETFs gain $3.4B, Grayscale sees $2.2B outflows.
• Pullix PLX token presale gains steam as the trade-to-earn token’s value rises from $0.04 to $0.08.

Fidelity’s FBTC spot bitcoin ETF has emerged as the second to surpass $1 billion in inflows, trailing closely behind BlackRock’s IBIT.

Simultaneously, Pullix, a DeFi protocol, stirred excitement with its PLX token presale, showcasing impressive price surges across stages.

Fidelity’s FBTC inflows

Fidelity’s FBTC has rapidly gained traction in the crypto investment space, becoming the second spot Bitcoin ETF to reach $1 billion in inflows after BlackRock’s IBIT.

According to BitMEX Research, the FBTC ETF achieved this milestone within just five days of trading. The surge in inflows underscores the growing interest among institutional and retail investors in gaining exposure to Bitcoin through regulated and mainstream financial instruments.

BitMEX Research data reveals a robust performance of various spot bitcoin ETFs in the market. While Fidelity’s FBTC and BlackRock’s IBIT lead with $1 billion-plus inflows each, other notable players include Bitwise with $395.5 million, Ark Invest/21Shares with $320.9 million, and Invesco with $194.9 million.

The overall positive sentiment is evident as 10 out of 11 ETFs garnered inflows totalling almost $3.4 billion, with Grayscale experiencing $2.2 billion in outflows.

Pullix PLX token presale

Simultaneously, Pullix, a new player in the crypto sphere, has captivated the attention of crypto traders and investors alike with its hybrid trading platform scheduled for launch before the end of January. The platform is currently conducting the presale for its native token, PLX, and the presale has seen remarkable developments, with PLX prices reflecting significant fluctuations across stages.

Pullix’s PLX token, with its innovative “Trade-to-Earn” mechanism, has witnessed substantial interest. As investors eagerly participate in the presale, the token’s value has surged, revealing the market’s confidence in Pullix’s unique approach to decentralized finance (DeFi).

Starting at an initial price of $0.04, the token swiftly progressed through various stages, reaching $0.08 in the current sixth stage.

The presale has so far raised $3,890,284 reflecting investor confidence in Pullix’s vision of bridging decentralized and centralized exchanges, offering a comprehensive trading experience with a focus on liquidity provision.

Conclusion

The recent developments in the crypto market paint a vivid picture of its ever-evolving nature. Fidelity’s FBTC achieving $1 billion in inflows signifies the growing mainstream acceptance of Bitcoin, while Pullix’s PLX presale success underlines the demand for innovative DeFi solutions.

The crypto world’s continuous evolution promises exciting prospects, and investors remain poised for further groundbreaking developments.

The post Fidelity’s FBTC hits $1B inflows, Pullix PLX presale raises $3,89M appeared first on CoinJournal.

• Ethereum and Meme Moguls price forecast as SEC delays Fidelity’s spot ETF.
• $ETH: Analyst says $2,450 key to bulls and market could see sharp bounce.
• Meme Moguls ($MGLS) price has reached $0.0027 in stage 4, showing a 42% upside as potential 100x toke gathers presale pace.

Amid the crypto market’s bid to bounce from recent declines, Ethereum ($ETH) price is battling to hold above $2,400. While most altcoins mirror Ethereum’s downside move, some with double-digit losses over the past 24 hours, new token Meme Moguls ($MGLS) is defying the turbulence.

Here’s what analysts are saying about Ethereum and Meme Moguls.

SEC delays decision on Fidelity’s spot ETF

After recently approving several spot Bitcoin ETFs, the US Securities and Exchange Commission (SEC) has postponed its decision on Fidelity’s proposal to list a spot Ethereum ETF. 

A SEC filing on Thursday pushed the decision on whether to allow or reject the application to March 5, 2024.

According to Bloomberg ETF analyst James Seyffart, SEC’s move to delay aligns with market expectations. He opines that the regulator could push the final resolution to late May. There are other Ethereum ETF applications before the SEC, including by BlackRock and Grayscale.

Meme Moguls ($MGLS): Strong presale suggests market confidence

$MGLS is the native token of the Meme Moguls platform, a new meme-backed trading exchange currently in presale.

The project offers an ecosystem where traders can tap into the opportunities available across the meme-inspired assets’ marketplace. It means viral performances for meme tokens is a chance to make a profitable trade on Meme Moguls.

By holding $MGLS, a trader can also participate in stake and earn as well as take advantage of a play-to-earn (P2E) environment to accrue earnings as they showcase their skills.

With the crypto trading landscape growing amid further adoption, Meme Moguls makes this an inclusive community platform. There’s an opportunity for everyone, including beginner traders who can climb leaderboards as they learn from moguls within the community.

Currently in presale, the Meme Moguls token’s price has risen to $0.0027 as massive interest continues amid predictions that this could be the next 100x token. 

The project has raised over $1.7 million in stage 4 of the token sale. What’s on show is the kind of attention that could fuel $MGLS momentum when the token lists on exchanges after the presale. 

Ethereum ($ETH): $2,450 key to bulls

Crypto prices reacted higher when asset manager’s first filed for the ETH spot ETFs, just like when it happened following Grayscale’s victory over the SEC in the fight to convert GBTC to a spot ETF.

Prices also rallied as the US securities regulator finally approved the first spot Bitcoin ETFs for the US market, with BTC rallying to highs of $49,000 and ETH retesting multi-month highs above $2,700.

Ethereum price is currently looking to hold the critical $2,450 support area. It’s a key level given the liquidations witnessed in the past 24 hours.

Commenting on the price outlook, MAC.D, an analyst at on-chain analytics provider CryptoQuant, noted: “If a large number of long positions are liquidated, causing volatility to the downside, market sentiment has the potential to shift sharply, while if the price holds and bounces back, investors are likely to be reassured and return to buying.”

Ethereum and Meme Moguls price prediction conclusion

While headwinds abound from a regulatory perspective, the crypto market appears to be confident in the eventual approval of ETH spot ETFs. The reflection is in the resilience currently on display despite the hit on broader sentiment.

Analysts expect Ethereum price to retest its all-time high above $4,800 if the bull market holds, and an ETF approval in March, or May, could help catalyse this growth. 

Meanwhile, Meme Moguls could explode as the token makes an entry into the market amid overall upside trajectory for crypto, including meme coins.

If you’d like to learn more about Meme Moguls or buy the $MGLS token, visit their website.

The post Crypto price prediction: Ethereum ($ETH), Meme Moguls ($MGLS) appeared first on CoinJournal.