Monat: Januar 2024

• Fetch.ai eyes upside bounce as Indonesia’s largest exchange adds FET
• FET daily trading volume spikes 47% as price reclaims support above $0.60.
• A broader bullish market could see FET break to $1 and target new all-time high.

Fetch.ai (FET) price was down 9% on Thursday as the declines across the crypto market saw most coins pare gains seen in the last week of December and early January.

But while FET traded at lows of $0.65, the token’s listing on Indonesia’s largest crypto exchange and an expected uptick across crypto could see bulls target a notable bounce towards the crucial $1 level.

Fetch.ai price outlook

After gaining more than 40% in the past month as price reached highs of $0.78, FET gains in the last 30 days are down to 28%. The token is in the red over the past fortnight. 

However, Fetch.ai remains in a strong position given the bullish sentiment surrounding crypto and the expected buoyance from the 2024 AI narrative.

Short-term, the listing of FET on INDODAX (the largest cryptocurrency exchange in Indonesia), could add to recent retail interest in the project.

On January 4, INDODAX added FET/IDR, and the listing coincided with an uptick in trading volume for Fetch.ai (FET). According to data from CoinGecko, over $171 million worth of FET had been traded in the last 24 hours as of Thursday morning. This represented a 48% increase.

The jump in daily volume comes as FET price looks to hold above the key $0.60 area. The token has retested this as support and fresh accumulation here could see buyers target $0.80.

If the resistance zone flips into support, a bounce to $1 could open FET/USD to a potential spike amid price discovery. The all-time high for Fetch.ai price is $1.17, reached in September 2021.

The post Fetch.ai (FET) reclaims key support amid fresh accumulation appeared first on CoinJournal.

Key takeaways

• Dogecoin and Shiba Inu have lost more than 10% of their values over the last 24 hours.

• Memeinator’s presale has now officially crossed the $2.8 million mark.

The crypto market recorded a huge selloff on Wednesday, with Bitcoin retesting the $40k level before bouncing back above $42k. Meanwhile, leading meme coins Dogecoin and Shiba Inu also recorded massive losses yesterday. 

Dogecoin and Shiba Inu record huge losses

Bitcoin and altcoins are experiencing a poor start to the year. After rallying to the $45k level on Monday, its highest level since April 2022, Bitcoin lost nearly 10% of its value on Wednesday to briefly trade around the $40k region. 

Bitcoin’s poor performance also reflected in leading meme coins Dogecoin and Shiba Inu. The two leading meme coins have lost more than 10% of their values over the last 24 hours. At press time, the price of Dogecoin stands at $0.08256 while SHIB is trading at $0.000009576 per token. 

With these meme coins all underperforming at the moment, it might be a great opportunity for investors to load up on the meme bags. 

What is Memeinator?

For investors interested in meme coins, Memeinator could be one of the projects to consider. It is a meme project that seeks to help content creators generate better content. 

It will help content creators change how they use memes to relate with their audiences. Memeinator will leverage the hype around meme coins by providing users with numerous use cases.

The primary goal of the project is to target and destroy worthless memes, ensuring that there is a higher level of quality content available to users. 

While we have thousands of meme tokens out there, not many of them provide real-world use cases to their users. Memeinator will be one of the few meme coins that offer value to their users and stakeholders. 

According to the whitepaper, Memeinator will use AI  to identify worthless memes, allowing users to know them and steer clear of them. The team also has strategies in place that would enable Memeinator to reach $1 billion in market cap over the coming years. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

The Memeinator presale is currently in its eleventh stage and has raised more than $2.8 million so far. In the first presale stage, the MMTR was sold for $0.01 and will rise to $0.0485 by the end of the presale, giving early investors an astonishing 132% ROI at listing. 

Memeinator’s presale raises over $2.8 million

The Memeinator presale is growing and attracting more investors. The eleventh presale stage will soon be completed and the team has raised more than $2.8 million so far. 

Its native MMTR token can be purchased using three tokens, ETH, USDT, and USDC. According to the official website, the token is available to users on the Ethereum and BNChain blockchains. 

To purchase the MMTR token, users can simply connect any of the supported wallets to the Memeinator website. However, keep in mind that MMTR can only be purchased using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale growing rapidly?

The Memeinator presale is growing rapidly thanks to the project’s immense potential. The value proposition it offers to users and stakeholders is immense and it could become one of the leading meme coins in the world. 

The Memeinator project could find massive utility amongst degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

To enable it to serve users, Memeinator will combine AI and blockchain technology. Its AI solution will allow users to analyze and evaluate memes across the internet. This makes it possible to identify lower-quality memes and replace or destroy them. 

Its native MMTR token offers various incentives to the holders. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, CEX listing and liquidity. 

Will MMTR rally higher? 

Memeinator has massive potential and could become one of the leading meme coins in the coming years. The right level of adoption could see Memeinator’s market cap reach $1 billion in the medium to long term. 

Its use of AI and blockchain technology could allow Memeinator to offer excellent value to users and stakeholders. At the moment, its MMTR token is still in presale and could record a massive value increase once it gets listed on centralized and decentralized exchanges.

The post Dogecoin and Shiba Inu prices slip: Is this an opportunity to buy more meme coins? appeared first on CoinJournal.

• Pullix hybrid exchange, PLX token “Trade-to-Earn” revolutionizes DeFi.
• Chainlink (LINK) reaches yearly high amid Polygon integration.
• NEAR Protocol (NEAR) silent rise amid strategic integrations.

The decentralized finance (DeFi) landscape rapidly evolves as new crypto players emerge. Some DeFi protocols that have been making waves within the crypto space are Chainlink and Near Protocol.

As Chainlink connects real-world data and smart contracts on the blockchain and NEAR Protocol provides a platform for developers to create and launch decentralized applications, Pullix a new DeFi platform bridging the strengths of centralized and decentralized exchanges has emerged. Pullix emerges as a game-changer with its hybrid exchange model and unique “Trade-to-Earn” PLX token.

Let’s delve into the key developments shaping these cryptocurrencies and understand why the PLX token presale is gaining traction.

Chainlink (LINK) rides high despite market corrections

Chainlink (LINK) recently experienced a surge, reaching a yearly high, driven by integrations and developments in its ecosystem. Sandeep Nailwal of Polygon hailed the integration of Chainlink’s Data Feeds with Polygon’s zkEVM, opening doors for advanced DeFi applications.

However, the LINK token faced a correction, emphasizing the volatile nature of the crypto market. Investors eyeing long-term gains, however, remain optimistic, especially with the Chainlink Staking v0.2.

NEAR Protocol gains momentum with key integrations

NEAR Protocol (NEAR) is quietly accumulating strength in its ecosystem. With recent milestones like the launch of GamingDAO’s Grant Program and Binance listing USDC on NEAR Protocol, experts predict a substantial move for NEAR.

The NEAR token’s 10% increase between December 21 and 29 showcases growing confidence. As the DeFi sector recovers, NEAR’s unique features and strategic integrations position it as a promising player in the crypto space.

Pullix: bridging centralized and decentralized exchanges

Pullix, an upcoming DeFi protocol, is set to revolutionize the crypto trading landscape with its hybrid exchange.

Bridging the strengths of centralized and decentralized exchanges, Pullix introduces the PLX token, the first “Trade-to-Earn” cryptocurrency currently in the presale stage. This innovative token empowers users to earn instant rewards for trading on the platform and completing challenges.

Should you invest in PLX Token now?

As the crypto market witnesses shifts in investor sentiment, the PLX token presale emerges as a potential opportunity. Pullix’s commitment to hybrid functionality and the “Trade-to-Earn” model, combined with the surge in interest around Chainlink and NEAR Protocol, positions the PLX token presale in a favourable light.

In a landscape where innovation and adoption drive success, investors eyeing a diverse portfolio may find value in the PLX token presale. As DeFi continues to evolve, each move in the crypto space unfolds new opportunities, making the PLX token presale an intriguing prospect for those navigating the ever-changing crypto market.

By staying informed about the latest developments in Pullix, Chainlink, and NEAR Protocol, investors can make educated decisions in an environment where adaptability and foresight are paramount. The interplay between these projects adds depth to decentralised finance’s evolving narrative, presenting challenges and opportunities for the discerning investor.

The post Chainlink hits yearly high, Near Protocol rises silently, Pullix (PLX) gathers steam in presale appeared first on CoinJournal.

• Binance supports Zilliqa and Sei upgrades.
• Binance will ensure smooth transitions for users during ZIL and SEI network upgrades.
• Meme Moguls unveils play-to-earn fantasy meme trading game.

In a surge of crypto developments, Binance has announced its support for the upcoming upgrades of Zilliqa (ZIL) and Sei (SEI) networks. The exchange will ensure a seamless transition for users during the network enhancements.

Meanwhile, the crypto community is abuzz with the unveiling of Meme Moguls, a platform set to revolutionize meme trading, featuring a unique play-to-earn game that immerses users into the fantasy meme market.

Zilliqa Network upgrade

Zilliqa (ZIL), a prominent player in the crypto space, is gearing up for a significant network upgrade scheduled for January 3, 2024, at 12:00 PM Turkey time.

To facilitate this transformation, Binance announces a temporary suspension of ZIL token deposits and withdrawals from approximately 11:00 AM (Turkey Standard Time) on the same day. However, users can continue trading ZIL tokens seamlessly during this period on the Binance platform.

The ZIL network upgrade promises improvements in scalability and efficiency, aligning with Zilliqa’s commitment to providing users with a high-performance blockchain. Binance reassures its users that the trading of ZIL tokens on the platform will not be affected, ensuring a smooth user experience during and after the upgrade.

Sei Network upgrade

Simultaneously, the Sei (SEI) network is set for a substantial upgrade at block 49,519,931 or on January 3, 2024, at 8:00 PM Turkey time.

In preparation for this upgrade, Binance will temporarily suspend the deposit and withdrawal of SEI tokens starting at approximately 7:00 PM (Turkey Standard Time) on the upgrade day. However, users can continue trading SEI tokens on the Binance platform without interruptions.

The SEI network upgrade aims to enhance its capabilities, possibly introducing new features and optimizations. Binance emphasizes its commitment to managing all technical aspects diligently, ensuring users can navigate the evolving crypto landscape with confidence.

Meme Moguls’ meme coins play-to-earn game

As Zilliqa and Sei start 2024 with network upgrades, Meme Moguls takes centre stage with its unique play-to-earn game set to immerse players into the fantasy meme market trading world. The game offers captivating features, allowing players to create custom avatars using their favourite memes, work their way up to Mogul Status, and earn $MGLS tokens, currently in the presale stage.

As the crypto community witnesses overnight sensations like Pepe, Shiba Inu, and Dogecoin surging to $1 billion market caps, Meme Moguls provides an opportunity to trade these memes in a stock market-style meme trading platform. The game introduces character NFTs, rare NFT items, and mined materials representing real-world assets, creating a virtual economy within the Meme Moguls universe.

Meme Moguls also introduces game-changing features, enhancing the overall gaming experience. Players can stake NFTs to earn more $MGLS tokens, contributing to the decentralized nature of the platform. This staking mechanism allows users to earn rewards based on their share of the pool and annual returns percentage.

Furthermore, Meme Moguls provides an opportunity to earn while playing the game. Players can build their characters to elite levels, creating custom items for avatars. Achieving Mogul status unlocks the ability to sell skins, items, and other valuables in the Moguls Marketplace.

For those ready to test their meme-trading skills, Meme Moguls encourages users to start small and win big. The game provides a platform for meme market gurus to create a regular and substantial income stream. MGLS tokens can be used to obtain lootbox keys, unlocking valuable meme assets and rare NFTs, all tradable on platforms like OpenSea or the Moguls Marketplace.

Conclusion

The crypto landscape is evolving rapidly, with significant upgrades, new platforms, and innovative features reshaping the industry.

From Binance’s steadfast support for Zilliqa and Sei upgrades to the exciting unveiling of Meme Moguls, the crypto community continues to witness groundbreaking developments. As users navigate this dynamic environment, the fusion of technological advancements and entertainment in projects like Meme Moguls underscores the industry’s vibrant and ever-evolving nature.

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