Monat: Februar 2024

Veröffentlicht am

Upward trends predicted for Polkadot & this Shiba Inu killer as $2T market cap boosts Bitcoin toward $69K target

Bitcoin, the pioneer of cryptocurrencies, continues its impressive rally as it edges closer to the $69,000 mark, driven by a surge in market capitalization that surpasses $2 trillion.

This monumental achievement reflects the growing confidence and adoption of digital assets, propelling Bitcoin to new all-time highs.

Bitcoin’s market cap milestone

The recent surge in Bitcoin’s price is underpinned by a significant boost in its market capitalization, which now exceeds $2 trillion. This milestone solidifies Bitcoin’s position as the top cryptocurrency to buy, attracting institutional and retail investors seeking exposure to the digital asset market. The unprecedented growth in market cap underscores Bitcoin’s status as the best cryptocurrency to invest in for long-term returns.

Favourable market conditions and increasing demand from investors worldwide fuel Bitcoin’s upward trajectory. The cryptocurrency market’s bullish sentiment is evident as Bitcoin rallies above $51,000, triggering major short liquidations and propelling its price toward the $69,000 target. The Fear & Greed Index, a key indicator of market sentiment, reflects extreme greed among investors, signalling a potential continuation of Bitcoin’s upward momentum.

Upward trends for Polkadot

Polkadot, an open-source sharded multichain protocol, is gaining traction as a top altcoin to watch. It is an innovative open-source sharded multichain protocol designed to facilitate interoperability between specialized blockchains. It serves as a foundation for a decentralized web, allowing seamless cross-chain transfer of various data and asset types.

With its layer-0 metaprotocol architecture, Polkadot enables autonomous and forkless code updates through on-chain governance. Its native DOT token plays multiple roles, including staking for security, network governance, and bonding tokens for parachain connectivity. 

Polkadot’s unique components, such as the Relay Chain and parachains, offer scalability, flexibility, and secure interactions among diverse blockchain networks, making it a prominent player in the crypto space.

Shiba Inu killer on the rise

While Bitcoin dominates the headlines with its impressive performance, other cryptocurrencies are also poised for upward trends. Shiba Inu Killer (Rebel Satoshi), symbolized as $RBLZ, is garnering attention as a promising meme coin and potential challenger to Dogecoin. 

With its upcoming presale and planned launch on the Ethereum network, Rebel Satoshi presents an exciting opportunity for investors to capitalize on the growing meme coin market. The Rebel Satoshi presale has sold over 123 million RBLZ tokens, raising approximately $1.8 million and nearing the $2 million milestone.

The Rebel Satoshi presale presents an attractive investment opportunity for investors seeking exposure to promising cryptocurrency projects. Built on the Ethereum network, known for its security and reliability, Rebel Satoshi smart contracts have been audited by a top auditing firm, Source Hat, ensuring the safety of investors’ funds. This is why it is regarded as the best memecoin. 

With the presale concluding on February 29, 2024, and the launch planned shortly after, now is the opportune time to consider investing in Rebel Satoshi ($RBLZ). The initial launch price for $RBLZ is set at 0.025, with previous rounds selling out quickly, highlighting the strong demand for this innovative project. The community is actively involved in developing the Rebel Satoshi ecosystem, with discussions underway for tier 1 centralized exchange (CEX) listings to enhance access and liquidity.

Final Thoughts

As Bitcoin continues its remarkable ascent, surpassing $2 trillion in market capitalization, the cryptocurrency market is brimming with optimism and opportunity. Alongside Bitcoin, altcoins like Polkadot and Rebel Satoshi ($RBLZ) are poised for upward trends, offering investors diverse options to explore in the ever-evolving digital asset landscape. 

With the Rebel Satoshi presale nearing its conclusion, investors are encouraged to seize this opportunity and participate in one of the most exciting cryptocurrency projects of the year.

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

The post Upward trends predicted for Polkadot & this Shiba Inu killer as $2T market cap boosts Bitcoin toward $69K target appeared first on CoinJournal.

Veröffentlicht am

Crypto price prediction: Filecoin, Monero, Bitbot

Cryptocurrency prices experienced some volatility on Tuesday as a risk-off sentiment prevailed in the market. Bitcoin rose to the key resistance point at $53,000 and then pulled back sharply to about $51,000. Most altcoins and American equities also pulled back. This article looks at some of the top tokens like Filecoin (FIL), Monero (XMR), and Bitbot, which has raised over $642k as you can see here.

Bitbot token sale gains steam

Bitbot, an upcoming blockchain network, has continued raising thousands of dollars in the past few months. Data in its website shows that it has raised about $642k in the past few weeks. This is an impressive sum that could continue increasing in the next few months.

Bitbot is a company that aims to become the biggest Telegram bot in the industry. A Telegram bot is a piece of software that provides signals to traders in the crypto, stocks, and forex market. In its case, Bitbot aims to be an alternative to the thousands of bots that exist in the industry.

It will have a few features such as self-custody, decentralization, and major rewards to its users. The token will also have a similar utility with Uniswap’s UNI token. For example, it will have revenue sharing with its holders. This is a situation where the platform shares its revenue with its token.

The other benefit is that Bitbot will have a big community of passionate and seasoned trading experts. These traders will be able to share their experiences among themselves. 

Filecoin price forecast

Filecoin, the giant file storage blockchain network, was in the spotlight this week as it integrated with Solana, one of the fastest-growing players in the industry. This integration led to a major jump in FIL price, which jumped to a high of $8.22. This was a strong rally since the token was trading at $4.60 a few weeks ago.

Filecoin has now pulled back sharply as investors start to take profits. It has crashed to the key point at $7.20. On the 4H chart, it remains above the 50-period moving average while oscillators have all pointed downwards.

Therefore, I believe that Filecoin will drop to about $7 and then resume the bullish trend as investors buy the dip and as the ongoing shakeout fades. In this case, a rebound to $8 will likely happen this week.

Monero price prediction

The XMR price bottomed at $109.26 this week. It has now bounced back and is hovering at the 50-period moving average. The Relative Strength Index (RSI) and the Stochastic Oscillator have pointed upwards. 

Monero has also risen slightly above the key resistance point at $122.50, its highest point on February 18th. Therefore, the outlook for the token is bullish, with the next level to watch being at $130, its highest point this month.

The post Crypto price prediction: Filecoin, Monero, Bitbot appeared first on CoinJournal.

Veröffentlicht am

ETH price outlook: Analysts say $3k “a relatively small obstacle”

  • Ethereum (ETH) price hit $3,005 on Coinbase on Tuesday, rising to its highest level since April 2022.
  • About 879,000 addresses were in a loss and could sell when prices break above this level.
  • While ETH fell below the psychological level, analysts outline $3k as a “a relatively small obstacle”.

Ethereum (ETH) price rose to the psychological level of $3,000 for the first time in nearly two years on Tuesday, February 20. The cryptocurrency saw its value jump from lows of $2,880 to touch $3,005 on Coinbase, and $3,003 on Binance.

ETH price and the $3k hurdle

Ethereum‘s upside, which comes amid a significant move of over 25% in the past two weeks, means several Ethereum addresses that were in the red managed to turn profitable.

This in turn, suggests a potential retreat for the second-ranked crypto by market cap if these addresses decide to sell or break even. It could see ETH trade to support levels again, possibly below $2,900 before bouncing to target higher price levels.

According to IntoTheBlock, the on-chain picture for ETH at the $3k level indicates this should be a “relatively small obstacle” for bulls.

While a look at on-chain data shows more than 16 million ETH addresses, or about 14.7% of the wallets, were still in a loss with prices below $3k, more than 83% are in profit. Going by this, the 879k addresses likely to turn profitable above $3k might not present a major hurdle. However, there may still be some struggle to break past $3,400.

ETH traded to highs of $4,800 during the previous bull market and analysts have called for a break to above $5,000 in coming months. The potential approval of the first spot Ethereum exchange-traded fund (ETF) in the US and network developments amid the Dencun upgrade could be key catalysts.

At the time of writing, ETH/USD changed hands around $2,924 on Binance.

Ethereum price on the daily chart. Source: TradingView

 

The post ETH price outlook: Analysts say $3k “a relatively small obstacle” appeared first on CoinJournal.

Veröffentlicht am

Polygon Labs, Animoca Brands partner with Human Institute to launch ZKP-powered palm recognition

  • Humanity Protocol emerges from stealth with Human Institute, Polygon Labs and Animoca Brands partnership.
  • The protocol provides for a privacy-preserving alternative to the more invasive biometric methods such as iris scans.

Human Institute has announced the launch of Humanity Protocol, a zkEVM Layer-2 blockchain protocol that leverages the Polygon CDK to offer a new palm recognition technology for Web3 identity verification.

The protocol has emerged from stealth with the backing of Polygon Labs and Animoca Brands, according to details shared in a press release.

Non-invasive biometrics

Humanity Protocol founder Terence Kwok, Animoca Brands co-founder Yat Siu, and Polygon Labs co-founder Sandeep Nailwal form the founding council for the new project.

Per the Human Institute, the new protocol provides for a privacy-preserving alternative to the invasive biometric methods. Such methods includes Worldcoin’s (WLD) iris scans.

“Existing Proof-of-Personhood technologies can be invasive, complex, or burdensome. By leveraging the cutting-edge technology using non-invasive biometrics that lies at the core of the Proof-of-Humanity consensus mechanism, Humanity Protocol is building a user-centric ecosystem that can onboard millions to a verifiable digital identity solution that is truly decentralized and respects the principles of true digital ownership, in the process enabling better equity and inclusion for all participants,” Yat Siu said.

According to the Human Institute, the technology will benefit various decentralized applications. These will include fully on-chain games, Decentralized Social Media (DeSO), Real World Assets (RWA), enterprise DeFi solutions, and Decentralized Physical Infrastructure (DePIN) systems.

“As the world’s first blockchain ecosystem to not only be truly sybil-resistant but also to natively integrate verifiable credentials into a decentralized validator node network, Humanity Protocol lays the foundation for a wide variety of blockchain and real-world applications to be built on top,” Sandeep Nailwal commented.

Users will easily access the zkVM-powered protocol through smartphones. The testnet will allow onboarded users to earn rewards.

The post Polygon Labs, Animoca Brands partner with Human Institute to launch ZKP-powered palm recognition appeared first on CoinJournal.

Veröffentlicht am

Starknet’s STRK sees volatile market debut following airdrop

  • Starknet (STRK) price swung sharply as trading opened on major crypto exchanges.
  • The Starknet Foundation’s distribution of STRK to eligible airdrop participants started at 12:00 UTC.

The price of STRK, the native token of Ethereum Layer-2 platform Starknet, has dropped sharply after its market debut.

On the crypto exchange KuCoin, STRK rose as high as $5 before swiftly falling to lows of $2.10. Meanwhile, data on CoinGecko showed the token’s value rose to $4.41 on most exchanges but also fell sharply – STRK declined 47% to $2.30 and was changing hands around $2.66 at the time of writing.

STRK trading and distribution live

The Starknet (STRK) price performance comes after the token’s distribution went live today February 20. Over 700 million tokens airdropped to 1.3 million addresses are now available for claiming, the Starknet Foundation announced on Tuesday.

At the same time, STRK began trading on major exchanges, including Binance, KuCoin and Bitfinex.

Starknet Foundation said the provisions program would see the community collect 50% of the airdrops with those to benefit including early contributors and Starknet users. Also eligible are StarkWare employees, Starknet developers and ETH stakers.

Binance, which added support for STRK trading today and announced support for the distribution to its ETH stakers, said it had distributed 10,178,280 STRK to all eligible users who staked ETH on its platform. The distribution was completed at a ratio of 10.26375 Binance said in an announcement.

STRK tradng on Binance opens at 13:00 UTC on February 20.

The post Starknet’s STRK sees volatile market debut following airdrop appeared first on CoinJournal.