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2024 a significant year with Bitcoin’s 4th halving; promising outlook for Chainlink & Rebel Satoshi (RBLZ)

As the crypto world eagerly anticipates the year 2024, it holds a promise marked by a significant event – Bitcoin’s fourth halving. This phenomenon, coupled with optimistic forecasts for cryptocurrencies like Chainlink and Rebel Satoshi ($RBLZ), is poised to shape the landscape of the digital asset realm. 

In this article, we delve into the potential implications of Bitcoin’s impending halving and explore the promising outlook for two noteworthy top altcoins.

Bitcoin’s fourth halving: a defining moment

Bitcoin, the pioneer of cryptocurrencies, operates on a unique economic model with a fixed supply capped at 21 million coins. The halving event, which occurs approximately every four years, involves a 50% reduction in the reward that miners receive for validating transactions. 

With more than 19 million bitcoins already mined, the fourth halving will further tighten the supply, bringing the total number of bitcoins ever to be mined closer to its 21 million limit.

The halving effect on Bitcoin price

Historically, Bitcoin halving events have triggered significant price movements. While the first halving in 2012 had a negligible effect, subsequent occurrences in 2016 and 2020 witnessed substantial price surges. 

As we approach the expected 2024 halving, the crypto community remains vigilant for potential market dynamics. Analysts often observe increased price volatility before and after halving events, presenting both challenges and opportunities for traders and investors.

Chainlink’s promising trajectory

Amidst the anticipation surrounding Bitcoin, top altcoins like Chainlink have been gaining attention for their unique value propositions. Chainlink, a decentralized oracle network, has established itself as a crucial player in bridging smart contracts with real-world data. The project’s versatile use cases, including decentralized finance (DeFi) applications, have contributed to its widespread adoption.

As of recent market analysis, Chainlink’s price appears to be in an accumulation phase, indicating a potential upcoming bullish trend. Technical indicators such as the Awesome Oscillator, Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) suggest a favourable environment for Chainlink’s price to experience an upward trajectory. 

With key support levels and resistance zones in focus, traders are eyeing the $16.000 mark as a potential milestone for LINK.

Rebel Satoshi (RBLZ): a new player in the crypto arena

In the diverse landscape of cryptocurrencies, Rebel Satoshi (RBLZ) emerges as a notable contender, especially as it garners attention during its presale phase. Having already sold over 100 million RBLZ tokens and raised $1.5 million, the Rebel Satoshi presale is on the brink of reaching the $2 million milestone. Built on the Ethereum network, renowned for its security, Rebel Satoshi stands out as a compelling investment option.

The smart contracts governing Rebel Satoshi have undergone rigorous auditing by Source Hat, a leading auditing firm. This ensures the safety and reliability of the Rebel Satoshi ecosystem. This is one of the reasons why Rebel Satoshi is regarded as the best meme coin. As the presale progresses, investors are urged to consider the potential of Rebel Satoshi, not just as a meme coin but as a project backed by robust technology and a dedicated community.

Investment recommendation

In light of the upcoming Bitcoin halving and the promising trajectories of altcoins like Chainlink and Rebel Satoshi, investors are presented with unique opportunities. While Bitcoin’s halving may contribute to market-wide dynamics, strategic investments in altcoins with solid fundamentals can potentially yield significant returns.

As we look ahead to 2024, the crypto space continues to evolve, offering a dynamic environment for enthusiasts and investors alike. Whether one chooses to ride the waves of Bitcoin’s halving or explore the potential of innovative altcoins, staying informed and vigilant in the ever-changing crypto landscape remains paramount.

Final Thoughts

The year 2024 unfolds with the promise of being a transformative period in the crypto realm. Bitcoin’s fourth halving stands as a key event, influencing market sentiments and potential price movements. In parallel, top altcoins like Chainlink and Rebel Satoshi showcase their unique value propositions, inviting investors to explore diverse opportunities. 

As the crypto journey progresses, strategic decision-making and a forward-looking approach become essential for those seeking to navigate the exciting and ever-evolving world of digital assets.

For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post 2024 a significant year with Bitcoin’s 4th halving; promising outlook for Chainlink & Rebel Satoshi (RBLZ) appeared first on CoinJournal.

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Manta Network battles DDoS attack after TGE as new Telegram bot steals the show

  • Manta Network battles DDoS post-MANTA launch; 135M RPC requests flood, causing delays.
  • Bitbot revolutionizes retail trading on Telegram with non-custodial, AI-backed solutions.
  • BITBOT token presale unfolds across 15 stages, offering investors a structured opportunity.

In a whirlwind of recent events, Manta Network faced a DDoS attack right after the successful launch of its MANTA token, causing a stir in the crypto community. Meanwhile, Bitbot, a Telegram trading bot, is making waves by empowering retail investors.

Jin us as we delve into the challenges Manta Network is facing and explore Bitbot’s mission to put institutional-grade tools in the hands of individual investors.

Manta Network DDoS attack

Manta Network, a modular blockchain protocol renowned for its focus on zero-knowledge (ZK) application development, encountered a significant setback shortly after the launch of its governance token, $MANTA. The network experienced a Distributed Denial of Service (DDoS) attack, as confirmed by the co-founder, Kenny Li.

This malicious attempt flooded the network with over 135 million remote procedure call (RPC) requests, a coordinated effort to obstruct normal operations.

Li reassured the community that despite the severity of the attack, the blockchain is running securely, product production continues, and funds remain safe. However, the assault severely limited communication between applications and the blockchain, resulting in delayed transactions and slower withdrawal times.

Understanding the gravity of the situation, Manta Network swiftly responded, stating that it is working tirelessly to deploy enhanced DDoS mitigation efforts. The attack’s abnormal scale and duration posed challenges, extending the resolution timeframe.

Bitbot: revolutionizing retail trading

In the midst of the crypto storm, a new Telegram bot named Bitbot has emerged as a game-changer for retail investors.

With a mission to provide institutional-grade tools within a non-custodial framework, Bitbot stands as a beacon for those seeking financial autonomy. Built on Telegram, it offers an elegant, user-friendly solution backed by proprietary AI, allowing users full control of their assets.

Bitbot boasts ultra-flexible wallet management, utilizing non-custodial API technology secured by Knightsafe’s custody solution. Key safety features include an Anti MEV Bot, preventing manipulation of blockchain opportunities, and anti-rug features, safeguarding users against crypto scams.

Users can seamlessly copy the trades of top-performing traders, enjoy a built-in referral program, and experience easy sign-up with the creation of up to three free wallets.

Bitbot’s presale launched on January 17 offering 30% of the total supply of 1,000,000,000 tokens up for grabs for earlycomers. The presale spans 15 stages, each with a designated percentage of tokens and token price.

In the first stage, the BITBOT token is going for $0.01 and the price is expected to rise to $0.0105 in the next stage. The token price will keep on rising with each presale stage meaning the early bird has the opportunity to reap the most.

Conclusion

As Manta Network navigates a DDoS attack showcasing its commitment to security and privacy, Bitbot’s emergence as a retail investor-friendly trading bot brings institutional-grade tools to the masses, ushering in a new era of financial autonomy.

As these entities weather challenges and forge ahead, the crypto community witnesses the evolution of technologies and solutions that promise to redefine the future of decentralized finance and blockchain applications.

The post Manta Network battles DDoS attack after TGE as new Telegram bot steals the show appeared first on CoinJournal.

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Manta Network (MANTA) hit by DDoS attack

  • Manta Network (MANTA) price slips amid disruptive DDoS attack.
  • Network is experiencing longer transaction times and increase in gas fees.
  • MANTA price reached highs of $2.72 after its Token Generation Event (TGE) but was down to $2.13

Manta Network debuted its MANTA token on exchanges on Thursday, with the listing on Binance, BingX, MEXC among others seeing its value skyrocket to above $2.72.

The token is however 20% down since that peak as the team acknowledged a distributed denial of service (DDoS) attack. The DDoS attack coincided with the Layer 2 modular blockchain’s Token Generation Event (TGE) on January 18. The attack flooded the network with more than 135 million fake RPC requests.

On Friday, the Manta team posted on X that following the DDoS attack, the network was experiencing transaction delays. The accumulation of large queues of transactions was also impacting gas fees, the platform said.

“Because of yesterday’s DDoS attack, the network has accumulated a large queue of recent transactions. This is leading to longer transaction times and impacts on gas fees. We are aware of this issue and working to resolve it,” a statement the blockchain platform posted on Friday stated.

MANTA price was down to $2.13 at the time of writing.

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South Korea president’s office urges FSC to reconsider its spot Bitcoin ETFs stance

  • Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs.
  • President’s office urges FSC to reconsider stance, noting possibility if incorporating foreign-listed products.

The South Korean president’s office has urged the Financial Services Commission (FSC) to reassess its stance on the trading of the recently approved spot Bitcoin ETFs.

Earlier this month, the Securities and Exchange Commission (SEC) approved eleven spot Bitcoin ETFs – the nod coming a decade after the first application. But only a day after the ETFs hit the market, the FSC released a statement warning local firms against providing access to the foreign-listed products.

An official of the FSC had also noted that South Korea wasn’t looking to follow the US in allowing spot ETFs.

Government urges FSC to review stance

On Thursday, details in a local media outlet revealed that South Korea’s Office of the President is urging the country’s financial regulator to revisit the matter.

Sung Tae-yoon, chief of staff for policy in the president’s office, said during a briefing on Thursday that the government had told the FSC “not to have a specific direction of ‘yes or no’” stance. The view is that there’s need to find how best to incorporate the new ETFs and other markets into the local financial ecosystem, Tae-yoon added, noting the government was considering this direction.

On January 12, the FSC said in a press release that local securities firms looking to broker Bitcoin spot ETFs listed overseas may violate the government’s current stance on virtual assets. Providing access may also be in violation of the Capital Markets Act, it added.

The outlook contrasts with that of Hong Kong, where regulators are open to spot ETFs.

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SEI, SUI, RUNE slump as Bitcoin drops amid Grayscale dump

  • Sei (SEI) Sui (SUI) and THORChain (RUNE) were among biggest decliners on Thursday as Bitcoin and Ethereum struggled.
  • Declines for BTC came amid ongoing sell-off from Grayscale, which had deposited over $1.7 billion in BTC to Coinbase Prime since January 12.

The crypto market flipped red on Thursday afternoon as Bitcoin price fell below $41,500 again. Altcoins were also struggling, with Ethereum below $2,500 as the global crypto market cap shrunk by about 2.4% to $1.71 trillion.

Among the biggest losers on the day were Sei (SEI), down 15%; Sui (SUI) down 10%; and THORChain (RUNE), down 13% at the time of writing.

Grayscale dumping BTC amid ETF redemptions

The crypto downturn came as Grayscale transferred another 9,840 BTC worth $418 million to Coinbase Prime, with the total amount of BTC moved from the GBTC ETF issuer reaching 41,478 BTC. In total, Grayscale has moved over $1.7 billion in BTC to Coinbase Prime since January 12, with these sold as the company handles redemptions.

On Thursday, Grayscale saw $450 million in outflows. Alex Thorn, head of research at Galaxy noted this outlook on X.

Both BTC and ETH were trading 3% down in the past 24 hours, while in the top 10 cryptocurrencies by market cap, Solana had shed more than 5% as it dipped below $100, while Avalanche was trading nearly 6% in the red at $33.49.

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