Monat: Februar 2024

• Pullix raises $7M in presale, nearing eagerly awaited launch.
• The presale is in the final stage and over 3 million tokens have already been sold.
• PLX token empowers users with passive income and trading discounts.

Pullix, a pioneering force in decentralized finance (DeFi), has garnered significant attention as it approaches the culmination of its presale phase.

With $7 million raised thus far, Pullix stands poised to revolutionize the crypto trading landscape with its innovative hybrid exchange platform. As the presale’s final stage quickly progresses, anticipations are mounting for the much-anticipated launch of Pullix, which could signal a new era in crypto trading.

Pullix: bridging centralized and decentralized trading

Pullix introduces a novel approach to DeFi with its hybrid exchange, seamlessly integrating the strengths of centralized and decentralized platforms.

At the core of the Pullix exchange lies the PLX token, which empowers users with passive income, trading discounts, and exclusive rewards. PLX holders partake in the platform’s success through a transparent revenue-sharing mechanism while maintaining control over their assets.

PLX’s utility in the Pullix ecosystem

PLX serves as the lifeblood of the Pullix ecosystem, offering users a host of benefits that enhance their trading experience.

With PLX, traders can earn passive income by staking tokens in the market-making liquidity pool. Additionally, PLX holders enjoy significant discounts on trading fees, making transactions more cost-effective. Exclusive rewards further incentivize participation, distributed from Pullix’s daily revenues.

According to the information provided on Pullix’s official website, when Pullix launches and trading begins, a percentage of the daily revenues from Pullix shall be used to purchase $PLX tokens from the open market for burning to reduce the supply as the demand rises.

The almost-ending PLX presale

The presale phase of PLX has witnessed remarkable success, with more than $7 million raised as the final stage quickly progresses.

Currently priced at $0.14 per token, the presale offers investors a unique opportunity to acquire PLX before the much-awaited launch.

With over 3 million tokens sold and approximately 67.7% of the total supply remaining, the presale reflects the growing enthusiasm and support for Pullix. As the countdown timer ticks away, investors can visit the Pullix website to seize the opportunity and secure PLX tokens before the presale ends.

The post Pullix raises $7M as presale enters last stage ahead of eagerly awaited launch appeared first on CoinJournal.

• Brad Garlinghouse, CEO of Ripple, says that they are open to an XRP ETF.
• His comments come after the SEC approved spot Bitcoin exchange-traded funds (ETFs) in January and amid speculation over an XRP ETF.

Ripple CEO Brad Garlinghouse has said the company would welcome an exchange-traded fund (ETF) for its token XRP. 

The Ripple executive commented on this during an interview with Bloomberg, noting that the crypto industry will see more spot ETFs in future.

According to Garlighouse, the SEC’s approval of spot Bitcoin ETFs in January this year was largely down to the regulator’s hand being forced. He highlighted the court’s decision in the Grayscale vs. SEC case as what pushed SEC Chair Gary Gensler to give the spot ETFs a nod.

“You know, the sad reality of what we saw with the Bitcoin ETF is it was only because the courts forced the SEC’s hand, and really chair Gensler’s hand, that we saw that [approval] finally come to fruition,” he noted.

Ripple okay with XRP ETF

The Ripple chief believes that the eventual approval of spot Bitcoin ETFs in the US is good for the crypto markets and the broader investment community. About what recent developments mean for a potential XRP ETF, and whether Ripple welcomes this, Garlinghouse said:

“We would certainly welcome it. And I think it’s inevitable that there’ll be, you know, multiple ETFs around different tokens. I think you’ll even see ETFs potentially around baskets that also, I think further diversify that risk given there’s so much excitement around the ETF dynamic here.”

While he could not comment on whether Ripple had engaged BlackRock and other large ETF holders (most of these asset managers have submitted filings for Ethereum spot ETFs), the Ripple CEO did agree that the outlook for a potential approval for one makes sense for XRP community.

Ripple won against the SEC last year on two separate occasions – when a US court declared XRP is not a security and when the lawsuit against Garlinghouse and Ripple founder and Chairman Chris Larsen was “dismissed with prejudice.” 

Although XRP price rose sharply around these victories, it remains well off its all-time highs.

The Ripple exec says the headwinds that followed the SEC’s lawsuit contributed to this. XRP price hovers around $0.53 on Wednesday morning, down 5% as crypto dips ahead of FOMC minutes.  The altcoin reached highs of $3.40 in 2018.

The post Brad Garlinghouse says Ripple will welcome XRP ETF appeared first on CoinJournal.

• Nvidia will release its Q4 earnings today and market anticipation is high.
• AI tokens, including Fetch.AI, Render and SingularityNET have rallied amid the AI narrative.
• New meme token Memeinator is emerging as one of the top projects to invest in as crypto and AI sentiment picks momentum.

Nvidia has been the talk of Wall Street for a few days now, and the spotlight gets even more intense when the chip maker releases its Q4 earnings after the bell on Wednesday.

With Nvidia’s results likely to dominate the AI space, crypto investors seeking to diversify their portfolio could look at key AI related tokens in the market. Thinking of Render, Fetch.AI or, although not a pure-play AI token, the Memeinator? Here’s more.

All eyes on Nvidia Q4 earnings report – and these AI tokens

Nvidia has had a blockbuster year or so, riding its massive success in the AI chip sector to record huge stock market gains. Demand for the firm’s flagship H100 chips is very high. It could explode with the upcoming B100 chip.

At $1.72 trillion, Nvidia is currently the sixth-largest company in the world by market cap. Last week, the company’s market cap briefly surpassed that of Amazon and Google-parent Alphabet, and this year, NVIDIA stock price is up 44% year-to-date and 236% in the past 12 months. Wall Street is abuzz about the chip maker’s potential and AI crypto tokens are poised.

As such, decentralized GPU rendering and other AI-driven marketplaces could be projects set to ride the upward momentum in the AI investment space. Investors are thus hyped about Render, Fetch.AI and SingularityNET.

OpenAI’s recent unveiling of its text-to-video AI model Sora also buoyed crypto AI tokens, including Livepeer and Ocean Protocol.

But what other AI related crypto tokens could investors be eyeing? Also poised to benefit from the expected artificial intelligence ecosystem growth could be Memeinator.

Memeinator: Meme token leveraging AI

Memeinator is a project that offers a solid utility-laden alternative to the fleeting madness that weak meme coins conjure before fading into oblivion.

Powered by the native MMTR token on Ethereum, the Memeinator leverages AI technology and blockchain to bring the best of crypto utility tokens to users, including via gaming, staking and NFTs.

The goal is to destroy all worthless meme tokens and give the community a robust ecosystem for long term investment.

Is Memeinator a good altcoin to buy?

Memeinator is a meme coin that market analysts say could be one of the best altcoins to buy due to its potential to dominate the meme coin industry.

A recent partnership with Red Apple Technologies, the game and app developer that will help bring the Meme Warfare game to fruition, suggests confidence in the Memeinator’s gamification strategy and potential. 

With Meme Warfare utilizing AI, the future outlook for MMTR is strong. This boosts the project’s goal of reaching an initial target of $1 billion market cap post presale. Taking a position in Memeinator offers the chance to grab an early opportunity in a token at the intersection of AI and crypto. Both of these are key trends for 2024 and beyond.

Find out more about this project and the ongoing presale here.

The post As Nvidia grabs Wall Street’s attention, Is this AI token worth buying? appeared first on CoinJournal.