Monat: Januar 2024

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Crypto price prediction: Memeinator (MMTR), Tectum (TET), Solana

  • Memeinator’s token sale has raised over $3 million in the past few months.

  • Tectum token surged as investors cheered the growth of its holders.

  • Solana remained under intense pressure as demand waned.

Cryptocurrency prices are bracing for a big week that could set the tone for the rest of the year. The Securities and Exchange Commission (SEC) is widely expected to approve Bitcoin ETFs by the likes of Blackrock, Invesco, Fidelity, and Franklin Templeton. 

The SEC has already asked the applicants to submit their final revisions ahead of a vote set for this week. Most experts believe that the agency has no reason to deny these applications because companies have already added the mitigation measures that the agency requested. This article looks at some of the top cryptocurrencies to watch this week, including Memeinator (MMTR), Tectum (TET), and Solana (SOL).

Memeinator prediction

Memeinator, one of the upcoming meme coins, has continued doing well in the past few months. The company has raised over $3 million in a token sale that has been going on for the past few months. This makes it one of the fastest-growing tokens in the industry. 

Memeinator aims to be the next big thing in the crypto industry. Precisely, it aims to become a major player in the meme coin industry that is now dominated by the likes of Dogecoin and Shiba Inu. It also aims to beat the new age meme coins like MEME, Pepe, and Bonk., which surged hard in 2023.

Memeinator aims to achieve this by creating an active community of enthusiast in its ecosystem. It also aims to create an ecosystem made up of games and NFTs in the future. Also, the developers aim to incorporate concepts of artificial intelligence (AI) to its ecosystem. You can buy the MMTR token here.

Tectum price forecast

Tectum is a blockchain project that claims to be the fastest one in the industry. According to its website, it can handle over 1 million transactions per second. This is a major figure considering that Ethereum handles less than 30 TPS. It is faster than most other well-known networks like Fantom, Avalanche, and Tron. 

TET, its token, was one of the top performers during the weekend as demand for the token jumped. According to its website, its holders jumped to over 12k across the ERC20, BEP20, and T12 networks. TET is used to mint Softnotes, paying merchant fees, Tectum gas fee, and bridged token fees.

The 4H chart shows that the TET crypto price has been in a strong uptrend in the past few weeks. It has moved from a low of $9.07 in December to over $45. It remains above the 50-day and 25-day Exponential Moving Averages (EMA). 

The outlook for Tectum is still bullish, with the next point to watch being at the YTD high of $45. A drop below the support at $35 will invalidate the bullish view.

https://twitter.com/tectumsocial/status/1744043800610148429

Solana price forecast

Solana price has suffered a harsh reversal in the past few days. After peaking at $126 in December, the token has pulled back to $96. It has remained below the 50-period and 25-period moving averages. The coin’s Relative Strength Index (RSI) has continued falling and is hovering near the oversold level.

Therefore, the outlook for Solana price is bearish, with the next point to watch being at $84.70, the lowest swing on January 3rd. A move above the key resistance at $100 will invalidate the bearish view.

The post Crypto price prediction: Memeinator (MMTR), Tectum (TET), Solana appeared first on CoinJournal.

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$TIA Eyes Further Gains as $GFOX Presale Reaches Over $2.3 Million

$GFOX progress piques crypto enthusiasts’ interests, as $TIA eyes continued price pump

If you’re looking for good investments, $TIA could be a good crypto to buy now. The token impressed with its year-end run, and the momentum has extended to the new year. $TIA is looking to keep up its run, and its future outlook suggests it could be one of the best cryptos to invest in. $TIA isn’t the only impressive altcoin currently. 

The new presale meme coin, $GFOX, is also having a good run, surpassing $2.3 million on presale. Both altcoins are profitable investments this year. 

Galaxy Fox ($GFOX): Fox-themed Hybrid Meme Coin With Excellent Utility 

Galaxy Fox is an Ethereum-based meme ecosystem where users can play, earn, and have fun. The crypto project is dedicated to providing users with fun and income-earning opportunities. Galaxy Fox will leverage meme appeal and features to create fun, while its web3 game, runner, will be the basic earning medium in the ecosystem. The Runner game is P2E, and users can enjoy the thrill of playing against each other while earning. 

You can also earn on Galaxy Fox by staking the $GFOX token. Staking rewards come from the crypto project’s Stargate – the central hub for allocating residual earnings to staked tokens. Stargate is funded by automatically adding 2% of every transaction’s total value. It facilitates ecosystem replenishment and fuels committed $GFOX token holders’ passion. Staking $GFOX tokens makes you eligible to receive a proportional share of Stargate’s rewards periodically. This satisfactory incentivizing gives users compelling reasons to HODL the $GFOX tokens. 

Minting and trading Galaxy Fox NFTs is another feasible way of benefiting from the crypto project. Galaxy Fox is releasing about 3000 of its coolest NFTs during its ongoing presale, and you can mint them directly on Galaxy Fox’s official website and trade them on popular NFTs trading platforms. The NFTs will have a high possibility to increase in value rapidly, making them buys or assets to keep for anyone. They’ll play a vital role in improving players’ chances of winning their games while equally being an item of value that can be traded for real money in the Galaxy Fox NFTs marketplace. 

Players can get other game-enhancing digital items in the marketplace, leveraging the $GFOX token to complete transactions. The hybrid meme-GameFi token is billed for a high-value increase in the coming months. This makes potentially a must-own crypto asset either via winning the platform’s web3 game, staking, or joining the presale. The Galaxy Fox presale has been on for a while, and it’s gradually nearing its end, making it a good crypto to buy now before its retail launch. 

Currently, the token 6th presale is rounding up out of the proposed 10. Over 80% of the available 3.5 billion presale tokens have been sold, indicating limited time to join the presale. $GFOX presale price is considered the lowest value it will ever be at, and investors can expect a value rise with stage progression. Hence, the earlier the entry, the lower the purchase price and the higher the potential profit margin. You should join now. 

>>BUY $GFOX TOKENS<<

Celestia ($TIA) Price Outlook 

Celestia is a modular blockchain that supports easy deployment of blockchains with reduced overhead. This makes it a welcome protocol by most developers. It scales by rethinking blockchain architecture from scratch and decouples execution from consensus by leveraging new primitive data availability sampling. 

The network doesn’t impose settlement or execution constraints. This allows blockchain developers and builders to define their settlement and execution environments, enabling them to access new and unrealized possibilities. 

$TIA functions as the platform’s native currency. It is one of the top altcoins to own currently due to its bullish momentum. The crypto yielded about 29% in the last 24 hours, bringing its 7-day return to over 35% increase. $TIA trades around $15.70 – $16.68 currently, indicating a sharp surge from its initial $12 market price. The cryptocurrency looks poised for a $20 run, making it part of the top 10 altcoins to consider currently. Analysts believe $TIA upward momentum could last a while, and the market shows a strong bullish sentiment too. 

Conclusion 

$GFOX is one of the top-performing ICOs of 2024 and will likely burst out of the gates running when it hits retail exchanges later this year. $TIA is another good crypto to buy now, though its upside potential is somewhat limited by the profits it’s already seen over the past two months, as early investors will begin adding strong sell pressure. $GFOX’s continuous progress at presale indicates its high potential, and joining it presale could be the best way to potentially highest returns. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post $TIA Eyes Further Gains as $GFOX Presale Reaches Over $2.3 Million appeared first on CoinJournal.

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DCG settles Genesis Debt, Memeinator’s token presale takes centre stage

  • Digital Currency Group (DCG) settles Genesis debt.
  • Besides settling Genesis’s debt, DCG has repaid a total of $1B to its creditors.
  • Memeinator’s MMTR token presale has raised $3.2M in its eleventh stage.

Digital Currency Group (DCG) has achieved a significant financial milestone by fully clearing its short-term debt, including the debt it owed the bankrupt Genesis subsidiary.

Simultaneously, the crypto space is buzzing about Memeinator and its MMTR token presale, aiming to capitalize on the meme coin mania.

DCG settles Genesis debt

The short-term debts resolved by Digital Currency Group included a substantial repayment of $1 billion to creditors and a staggering $700 million directed towards Genesis. This strategic move ensures stability for DCG amid ongoing bankruptcy proceedings and underscores the company’s commitment to responsible fiscal management.

The debt settlement follows a lawsuit initiated by Genesis in September, seeking the recovery of an outstanding loan balance exceeding $610 million. DCG’s commitment to debt repayment, highlighted in a strategic agreement reached in August, reflects its determination to honour financial obligations.

Crucially, the agreement safeguards Genesis under DCG’s tax consolidated group, offering protection and potential tax benefits. This protection could prove instrumental, allowing Genesis to offset losses against future profits and potentially retain benefits on Net Operating Losses (NOLs) amounting to $700 million.

Notably, after the $700 million repayment, the remaining loan balance is scheduled for repayment to Genesis by April 1, as approved in federal bankruptcy court.

Despite uncertainties in the aftermath of the cryptocurrency market crash, both DCG and Genesis express optimism about the future.

DCG CEO Barry Silbert, while showing his excitement about the recent settlement in a tweet stated that he is  “excited about the industry’s next chapter and DCG’s leadership role in it.”

Memeinator’s MMTR token presale

While DCG hands the bankrupt Genesis a lifeline with the $700 million loan repayment, Memeinator, a rising player in the crypto space, is making waves with its ongoing MMTR token presale. Investors are flocking to the crypto project and the presale has already raised an impressive $3,065,084 out of the targeted $3,200,431 in Stage 11.

Positioned as the “hottest meme coin on the market,” Memeinator aims to dominate the meme coin landscape with innovative product launches, including the Memescanner and the Memeinator Game.

The MMTR token envisioned as a staple among top-tier meme coins, promises genuine utility, offering access and perks in revolutionary products. Memeinator’s roadmap outlines strategic phases, from initial calibration and launching on popular exchanges to the eventual goal of meme domination. The tokenomics section delineates the allocation of funds to presale, marketing, development, exchange liquidity provision, and a competition pool, ensuring transparency in Memeinator’s financial strategy.

Conclusion

DCG’s successful debt resolution and Memeinator’s MMTR token presale mark dynamic developments in the cryptocurrency landscape.

DCG’s commitment to fiscal responsibility and Genesis’ protection under a tax agreement set the stage for a resilient future. Simultaneously, Memeinator’s innovative approach to meme coin dominance demonstrates the industry’s constant evolution. As these narratives unfold, the crypto community eagerly awaits the next chapters in the stories of DCG and Memeinator.

The post DCG settles Genesis Debt, Memeinator’s token presale takes centre stage appeared first on CoinJournal.

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Metacade price prediction amid bullish outlook for Ovr, UBXS

  • Metacade, Ovr and UBXS could benefit from altcoin rally as P2E and RWAs dominate 2024.
  • OVR and UBXS arel targeting $1 and $0.1 respectively.
  • MCADE is signaling a potential upswing as price holds at a key level.

As the crypto market consolidates amid bull market predictions, three altcoins likely to take off big time in coming weeks and months are Metacade (MCADE), Ovr (OVR) and UBXS (UBXS). As UBXS and Ovr prices pick upside momentum, MCADE is signalling a bullish flip as price holds above a key support level.

OVR and UBXS price prediction

OVR and UBXS are trading higher today, with their respective prices up in the past 24 hours. UBXS has posted more gains in the past week, netting over 42% in weekly upside action. Meanwhile, OVR has seen about 8% in upward returns over the same period.

As the market recovers from this week’s dip, the two coins could benefit from a resurgence in play-to-earn (P2E) and tokenization narratives. Experts say the latter is one of the key trends to watch in 2024.  

According to crypto analyst Michael van de Poppe, a rallying altcoin market amid growth in tokenization of real-world assets could help UBXS price. The analyst sees a potential move to the $0.09- $0.13 area.

“The #Altcoin market is going to accelerate some more in the upcoming period, as the cycle just started. #RWA will be one of the core topics and $UBXS is such a project. Held a crucial support level and looks ready for a new impulse towards $0.09 and $0.13,” the analyst posted on his X account.

OVR, the token of the augmented reality (AR) metaverse Over the Reality, could benefit from the rise of P2E, Web3 and metaverse. OVR reached peaked at $3.33 in December 2021. While its 89% off that high, a bounce from current price of $0.34 could see bulls retest recent resistance above 0.74. Bull market targets from will be above $1.  

Metacade price prediction

Metacade price has struggled for upside momentum since hitting highs of $0.02 in November. The blockchain-based gaming platform’s native token MCADE reached the recent peak amid the bullish sentiment that surrounded Metacade’s mainnet launch.

While the milestone and the major partnerships the GameFi project has struck with leading providers continues to drive adoption, the initial buoyance for MCADE price has faded since the 106% gains in a week last November.

Indeed, at current levels below $0.012, Metacade price is down 28% in the past month. It’s also significantly off its all-time high above $0.045 reached in May 2023.

However, play-to-earn (P2E) is expected to see greater traction in 2024 and programs such as Metacade’s Meta Grant could incentivize the community of developers and game studios even more. MCADE could be a bigger beneficiary of this outlook as the gaming platform begins to dominate the space.

MCADE price is likely to bounce off the $0.012 with an altseason providing tailwind impetus. Approval for a first spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could be the initial trigger of this. 

Short term, Metacade’s native token could explode to above $0.1, while the psychological $1 remains a target.

The post Metacade price prediction amid bullish outlook for Ovr, UBXS appeared first on CoinJournal.

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The explosive growth of cryptocurrencies over the past decade

  • Cryptocurrencies surged from 66 in 2013 to 8,886 in 2023.
  • 2017 marked explosive growth, leading to 2,817 currencies.
  • The market peaked at 7,557 in 2021, later consolidating to 8,886 in 2023.

In the fast-paced world of finance and technology, the last decade has witnessed an unprecedented surge in the popularity and diversity of cryptocurrencies. Beginning with the introduction of Bitcoin in 2009, the subsequent years have seen the emergence of numerous digital currencies, each vying for its place in the evolving landscape.

A new research by CoinJournal.net analysed the data available on Statista in order to get an overview of the incredible growth of cryptocurrencies over the past decade.

Year Number of cryptocurrencies
2013 66
2014 506
2015 562
2016 644
2017 1,335
2018 1,658
2019 2,817
2020 4,117
2021 7,557
2022 9,310
2023 8,886

The Early Years (2013-2016)

In 2013, the cryptocurrency market was in its infancy with a modest 66 digital currencies. Bitcoin, as the pioneer, dominated the scene, setting the stage for what was to come. The subsequent years saw a gradual increase, with 506 cryptocurrencies in 2014 and 562 in 2015. As the technology matured, the number of cryptocurrencies continued to climb, reaching 644 in 2016.

The Cryptocurrency Boom (2017-2019)

The year 2017 marked a turning point, as the cryptocurrency market exploded with a staggering 1,335 digital currencies. This surge was fueled by increased public awareness, growing investor interest, and the rise of ICOs as a popular fundraising method. The momentum continued into 2018 and 2019, with 1,658 and 2,817 cryptocurrencies, respectively. These years were characterised by innovation, competition, and the exploration of diverse blockchain applications beyond just digital currencies.

The Years of Unprecedented Growth (2020-2021)

The cryptocurrency market experienced an unprecedented leap in 2020, with the number of cryptocurrencies soaring to 4,117. The COVID-19 pandemic, financial uncertainty, and the growing appeal of decentralised finance contributed to this remarkable expansion. However, the most remarkable growth occurred in 2021, with a staggering 7,557 cryptocurrencies. This explosive increase can be attributed to the mainstream acceptance of cryptocurrencies, institutional investments, and the broader adoption of blockchain technology.

Consolidation and Adjustments (2022-2023)

As we entered 2022, the cryptocurrency market experienced a shift. While the number of cryptocurrencies continued to grow, reaching 9,310, the pace slowed compared to the previous year. Regulatory scrutiny, market corrections, and a focus on quality over quantity contributed to a more consolidated landscape. In 2023, the number dipped slightly to 8,886, indicating a maturing market where projects were evaluated more critically.

Max Coupland, the director of CoinJournal, comments, “As we reflect on the journey of cryptocurrencies over the past decade, it becomes evident that the market has not only weathered challenges but has also reshaped the financial world. The stage is set for continued evolution, adaptation, and integration into the broader financial system. Cryptocurrencies, having already made an indelible mark on finance, are certain to revolutionise our understanding of money and technology in the years to come.”

The post The explosive growth of cryptocurrencies over the past decade appeared first on CoinJournal.