Veröffentlicht am

Binance lists Ronin (RON) as Pullix (PLX) eyes beta launch

  • Binance announced it would list Ronin (RON) on February 5, 2024.
  • Pullix has revealed major updates, including its registration as an exchange provider.
  • PLX token presale has reached stage 7, which means Pullix is on track for its beta launch and market debut.

Ronin (RON), the native token of the Web3 gaming platform Ronin Network, is among tokens seeing significant price action today. The increased activity around the cryptocurrency comes as major crypto exchange Binance announced the listing of the RON token.

Elsewhere, investors are fully focused on the upcoming launch of hybrid exchange Pullix (PLX), whose token sale is currently in stage 7 of 8. The latest updates from the Pullix team have the community extremely excited.

Binance announces Ronin (RON) listing

Binance announced on Monday that it will list Ronin (RON) at 13:30 UTC on February 5, 2024. According to the exchange, spot trading pairs available to traders will be RONIN/BTC, RONIN/USDT, RONIN/FDUSD and RONIN/TRY.

Amid this announcement, Ronin price shot to highs of $3.51 across exchanges. Data from CoinGeko shows the EVM-compatible blockchain platform’s native token rose to levels last seen in February 2022. The token was trading about 33% from its all-time high of $4.29 reached in January 2022 at around 10:50 UTC on Monday.

Ronin’s recent surge coupled with today’s announcement has however coincided with an uptick in profit taking from holders. The price is therefore likely to revisit support levels in the $2.50 to $2.00 region – a scenario that will strengthen if RON/USD breaks fails to establish $2.80 as a support level.

Pullix on cusp of major milestone

Pullix is a new hybrid exchange targeting the exponential growth anticipated for the DeFi ecosystem. 

With its presale seeing astronomical interest that has accelerated in the past few weeks, the project has released an update that has the DeFi community thrilled.

In particular, it’s the announcement that Pullix will soon launch in beta, bringing the best of centralized exchanges like Binance and decentralized exchanges like Uniswap, dYdX to users. When the project hits this milestone, the market will have access to a hybrid exchange infrastructure that offers a solution to one major problem bedeviling the DeFi sector – liquidity.

Pullix will incentivize users to provide liquidity, while the hybrid model will allow for a robust security platform where users remain in control of their assets’ private keys. 

More than that, this exchange offers institutional-grade trading tools and a unique revenue-sharing mechanism that gives 30% of all exchange revenue to users in a daily payout.

Should you buy Pullix (PLX) today?

Ahead of its official beta launch, Pullix has provided key updates. In a post on the official X account, the team revealed Pullix had received offshore regulatory approval.

Also notable is its team’s progress with the trading technology, which puts the project on track for a website upgrade and demo. Developers have also worked on the staking and token burn dashboards, which are ready ahead of PLX presale conclusion. The beta launch will follow, paving the way for Pullix’s entry into the market.

The launch will see the DeFi ecosystem benefit from a platform that offers institutional-level liquidity, security and tools, including AI based trading and copy trading. It will also open up the PLX token as an investment, with traction aiding upside momentum for PLX.

Pullix has raised over $4.9 million with the PLX token currently priced at $0.1 in the penultimate presale stage. It’s a level that offers what could still be a major opportunity.

The post Binance lists Ronin (RON) as Pullix (PLX) eyes beta launch appeared first on CoinJournal.

Veröffentlicht am

Borroe Finance draws attention in presale as Ethereum and BNB investors seek new opportunities

Ethereum (ETH) and Binance Coin (BNB) are among the best altcoins in the crypto industry, and investors will always have them in their portfolios. Even though these tokens are currently bullish, they will probably not deliver a triple-digit ROI to investors in 2024. 

As a result, savvy investors turned to a fast-growing crypto token called Borroe Finance ($ROE). Keep reading to see expert opinions and forecasts on these tokens.   

Standard Chartered predicts a May Ethereum Spot ETFs approval

On January 30, analysts at Standard Chartered (one of the world’s leading financial institutions) predicted that the US SEC may approve Ethereum Spot ETFs by May 23. According to Geoff Kendrick (head of Digital Assets Research at SC), Ethereum will likely mirror BTC’s price movement in the weeks leading up to SEC’s approval for BTC Spot ETFs. Therefore, Kendrick predicts that ETH could trade for $4,000 before its approval.

Thanks to this positive Ethereum crypto news, ETH recorded a minor price surge in the last week of January. On January 24, ETH traded for $2,230. A week later, ETH gained 4.89% and sold for $2,336. According to crypto analysts, Ethereum may likely be one of the best crypto investments in 2024 due to landmark activities in the blockchain industry. BTC halving comes in April, and the resulting market volatility will likely push ETH to $3,200.

Binance Coin surges amid groundbreaking partnership

On January 27, Laika AI (one of the world’s best DeFi research platforms) announced a partnership with Binance Coin Greenfield. Binance Coin Greenfield is a sub-chain of the BNB chain built to provide a decentralized data storage system and thriving web3 data economy to the blockchain industry. In other news, Crypto Slam recently revealed that Binance Coin Chain NFT sales shot up by 688% in the last week of January.

Thanks to these favourable ecosystem developments, BNB went bullish in late January. On January 24, BNB traded for $292. Seven days later, BNB gained 4.84% and sold for $307. According to crypto experts, BNB is primed for a price surge in Q1 2024 because retail crypto traders will return to accumulate altcoins during BTC’s halving in April. Therefore, BNB will likely trade for $325 by March 2024.   

Investors back $ROE, presale raises over $2.7M in four stages

Borroe Finance ($ROE) is the world’s first web3 blockchain invoice discounting NFT marketplace. As a decentralized fundraising marketplace, Borroe Finance allows web3 businesses to raise instant cash by minting future earnings into NFTs and selling them to supportive communities at discounted prices. To ensure the safety of the fundraising process, Borroe Finance incorporates AI-risk assessment and efficient payment solutions into its protocol.  

$ROE’s fourth presale stage is ongoing, and the token is selling for $0.019. So far, $ROE has completed 85.7% of its current presale stage, and the platform has raised over $2.7 million. When all presale stages conclude, $ROE will surge to $0.040 and deliver a massive 110.5% ROI to early investors. Furthermore, experts believe $ROE will record quick market acceptance in 2024 and likely trade for $0.190 by the end of the year.  

To learn more about Borroe Finance, visit Borroe Finance Presale, join their  Telegram Group, or follow Borroe Finance on Twitter. 

The post Borroe Finance draws attention in presale as Ethereum and BNB investors seek new opportunities appeared first on CoinJournal.

Veröffentlicht am

Immutable and InQubeta altcoins to watch; Invesco and Galaxy slash fee in Spot Bitcoin ETF race

Following the SEC decision on Bitcoin ETFs and the launch of the market on January 11, the race between asset managers continues to heat up. Invesco, a leading global provider of ETFs, in partnership with Galaxy Asset Management, launched the Invesco Galaxy Bitcoin ETF (BTCO). This move was intended to offer efficient exposure to spot Bitcoin—a different approach to other Bitcoin ETF issuers.

To capture a greater share of the Bitcoin ETF market and climb up the ladder—currently ranked 6th—Invesco and Galaxy said on Monday that they are cutting the sponsor fee. The fund’s fee will be slashed from 0.39% to 0.25%, putting it on par with most rivals.

At the same time, altcoins sharing the spotlight are Immutable (IMX) and InQubeta (QUBE). These top altcoins have been stirring up quite a buzz thanks to their staggering upside potential. Poised to skyrocket, these are the best cryptos to buy now and altcoins plays not to miss out on.

InQubeta (QUBE): aiming for a surge after launch

InQubeta (QUBE) is one of the new ICOs quickly gaining investors’ confidence. For starters, it is one of the most bullish narratives, standing at the intersection of AI and blockchain. Additionally, other token features like deflationary tokenomics, governance, and staking further make it stand out.

Given the above, the presale selling outcomes as no surprise. To date, an astounding $8.6 million has been raised in early funding, with the $10 million fundraising milestone eyed next. In the seventh stage of the ICO, a token costs only $0.0224, and analysts tip it for a 6,000% rally after launch.

Positioned as the best new crypto to invest in, other appeals of InQubeta involve the role it is designed to play. It aims to primarily address the fundraising challenge within the burgeoning AI sector. To this end, it will build the first crowdfunding platform that will allow tech startups to raise funds through crypto on its NFT marketplace.

Invesco and Galaxy reduce Bitcoin ETF fee

Spot Bitcoin ETFs continue to be the talk of the financial town—a buzz not likely to recede anytime soon. Investor sentiment post BTC ETF has also been on the rise as the market soars, with asset managers competing to get a significant slice.

A piece of exciting news that is stirring up quite a buzz is Invesco and Galaxy deciding to cut the sponsor fee on their Bitcoin ETF, BTCO. On Monday, they announced reducing their fund’s fee from 0.39% to 0.25%, which will put BTCO on par with most rivals.

This move came on the back of the desire to gain a competitive edge. Currently, the spot Bitcoin ETF market is dominated by BlackRock, Grayscale, and Fidelity, with Invesco and Galaxy’s ETF product ranking 6th. Hence, this new rate might see BTCO rank higher, presently boasting about $280 million in trading volume and assets under management (AUM).

Immutable (IMX): a solid altcoin to watch out for

Immutable (IMX) is the first layer-2 scaling solution for NFTs on Ethereum. With this, it has been able to carve out a niche and become a pioneer in the dynamic crypto landscape. As a layer-2 scaling solution, it addresses Ethereum’s limitations like illiquidity, low scalability, and poor user experience, among others.

One of its competitive advantages is its massive scalability and zero gas fees for minting and trading NFTs. Remarkably, it does this without compromising asset or user security. Given this, Immutable is primed for massive adoption and staggering growth.

In light of the above, it is clear why Immutable is one of the altcoins to watch for significant growth. Hence, if you wish to position yourself for substantial gains, IMX is among the best altcoins to invest in.

Conclusion

Invesco and Galaxy have decided to reduce their Bitcoin ETF fee from 0.39% to 0.25% as competition heats up. 

Meanwhile, aiming to skyrocket are Immutable and InQubeta, making them altcoins to watch and investors’ favourites.

For more information about the InQubeta presale, visit the InQubeta Presale or join the InQubeta Communities.

The post Immutable and InQubeta altcoins to watch; Invesco and Galaxy slash fee in Spot Bitcoin ETF race appeared first on CoinJournal.

Veröffentlicht am

Ethereum’s significant $7M burn; new memecoin identified as promising Dogecoin contender

Ethereum, the second-largest cryptocurrency by market capitalization, recently made headlines with a significant burn of $7 million worth of Ether (ETH). This monumental burn, involving 3,219.96 Ether, underscores Ethereum’s transition towards becoming a deflationary currency. 

Let’s delve into the details of this burn and its implications for the Ethereum network.

Understanding Ethereum’s burn mechanism

The concept of burning in the cryptocurrency realm refers to the process of permanently removing coins or tokens from circulation by sending them to an unusable wallet. In Ethereum’s case, this burn occurred as a result of transactions, where a variable base fee, introduced through Ethereum Improvement Proposal 1159 (EIP-1159), is now included in each transaction.

EIP-1159, implemented on August 5th, 2021, overhauled Ethereum’s fee model by introducing this variable base fee. This fee adjusts according to the current demand for block space and is subsequently burned, reducing the overall supply of Ether in circulation.

Ethereum’s transition to deflationary currency

Before implementing EIP-1159, Ethereum issued a new Ether at a rate of 4% per year. However, with the introduction of this upgrade, the burn mechanism has the potential to outpace the issuance of new Ether, leading to a decrease in the overall supply of ETH. This gradual reduction in supply positions Ethereum to potentially become a deflationary currency in the long run.

Experts anticipate that as Ethereum continues its transition to Ethereum 2.0, which is expected to reduce the issuance rate of new Ether to around 0.5-1% per year, the burn rate could surpass the token’s issuance. This scenario would further solidify Ethereum’s status as a deflationary asset, potentially impacting its long-term value and market dynamics.

Rebel Satoshi emerges as a promising contender

Amidst Ethereum’s significant burn event, attention turns to emerging cryptocurrencies poised to capitalize on market trends and investor sentiment. Rebel Satoshi (RBLZ) has garnered attention as a promising contender in the competitive cryptocurrency landscape, particularly in the realm of meme coins and as a potential alternative to Dogecoin.

Rebel Satoshi, built on the Ethereum network, distinguishes itself with a unique value proposition that resonates with investors seeking alternative meme coins with growth potential. Rebel Satoshi has demonstrated early investor confidence and support with a presale that has already sold over 100 million RBLZ and raised over $1.5 million.

Why invest in Rebel Satoshi?

Rebel Satoshi presents a compelling investment opportunity for crypto enthusiasts looking to diversify their portfolios and capitalize on emerging trends in the cryptocurrency market. 

With a presale approaching $2 million and built on the Ethereum network, known for its robust security and reliability, Rebel Satoshi stands out as a compelling choice for those seeking the best meme coin to invest in.

Final thoughts

As Ethereum continues its journey towards becoming a deflationary currency, investors are presented with unique opportunities to explore emerging cryptocurrencies like Rebel Satoshi. With its innovative approach and strong foundation on the Ethereum network, Rebel Satoshi offers investors a chance to participate in the evolving crypto market and potentially reap substantial rewards.

In conclusion, Ethereum’s $7 million burn signals a significant shift in its economic model; while Rebel Satoshi emerges as a promising project for those keen on what altcoins to buy. Rebel Satoshi presents robust security and reliability, offering investors an exciting avenue for potential growth and investment opportunities. This is why top crypto analysts regard it as the best meme coin.

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

The post Ethereum’s significant $7M burn; new memecoin identified as promising Dogecoin contender appeared first on CoinJournal.

Veröffentlicht am

Nevada sports betting revenue hit $1.43B in 2023; Macau sees surge in January

  • Sports gambling has seen rapid expansion in the US since the 2018 Supreme Court ruling allowing states to regulate sports betting within their respective borders.
  • Among the states best known for casinos in the US is Nevada, home to the famous Las Vegas city.
  • Outside of the US, Macau is another destination witnessing a surge in sports betting activities.

Nevada and Macau, two global gaming powerhouses, have recently released their gaming revenue reports, showcasing notable trends in the industry. Nevada witnessed record-breaking figures for both December 2023 and the full fiscal year, while Macau experienced a significant surge in January.

From a groundbreaking Supreme Court ruling legalizing online casinos to the popularity of slots for real money, Nevada has emerged as a powerhouse in the realm of traditional casinos and online casinos including crypto casinos.

Nevada’s record gaming revenue

In December 2023, Nevada achieved a historic milestone with a record-breaking revenue of $1.43 billion, marking a 9.04% increase compared to the previous year.

The state’s gaming industry continued its upward trajectory throughout the fiscal year 2023, culminating in a new statewide revenue record of $15.5 billion. Slot machines remained the primary revenue driver, accounting for $10.3 billion in gaming revenue. However, table, counter, and card games saw a notable growth of 8.35%, outpacing the slot machine revenue increase.

On the regional front, Clark County experienced a substantial 9.75% increase in gaming revenue, reaching $1.27 billion while Washoe County witnessed a slight decline of 2.87%, amounting to $80.4 million. Notably, Elko County stood out with a remarkable 14.96% increase, reaching $36.4 million in gaming revenue for 2023.

These regional variations reflect the diverse dynamics within Nevada’s gaming landscape as the gaming industry continues to thrive in the ‘Silver State’, setting new benchmarks and attracting visitors from around the world.

Macau’s impressive growth

Outside Nevada and the United States, Macau, often referred to as the “Las Vegas of the East” for being a prominent gaming destination in Asia, reported a staggering 67% increase in gaming revenue for January 2024 compared to the previous year.

This surge highlights the resilience and recovery of Macau’s gaming sector following challenges posed by the pandemic. The positive momentum in Macau’s gaming industry bodes well for its future prospects and contributes to the global gaming market’s vibrancy.

The post Nevada sports betting revenue hit $1.43B in 2023; Macau sees surge in January appeared first on CoinJournal.