Nachdem Anfang April die private Daten der Chivo-Nutzer geleakt wurden, hat die Hackergruppe CiberInteligenciaSV nun den Code der Wallet veröffentlicht.
Arthur Hayes says macro setup favours Bitcoin bulls as KangaMoon attracts investors
- Arthur Hayes is bullish on crypto amid the macro setup that he says could present a golden opportnity
- He says altcoins as well as presale tokens may be worth a look at as crypto exits latest window of weakness
- KangaMoon (KANG) is one of the new projects attracting huge attention as its presale noves towards a close
Arthur Hayes believes the crypto market is set to continue on the upside, pointing to the macro setup and the sovereign debt bubble. The Maelstrom family office head, is also bullish on altcoins and new token launches that he says present a “golden opportunity” after the recent crypto weakness.
With the market likely to flip bullish in coming months, could this be the time to take advantage of the KangaMoon (KANG) presale?
Arthur Hays explains bull market setup and potential opportunities
BitMEX exchange co-founder and former CEO Arthur Hayes is bullish on crypto rebounding after the recent dip, noting that prices could “get sillier on the upside.” This, he argued in his “Left Curve” blog post, could be a ‘golden opportunity” for investors to add to their positions.
In his opinion, the market is currently exiting “the window of weakness” that likely followed the April 15 US tax payments and the recent Bitcoin halving event.
While the factors that drove Bitcoin price from zero to $70k over the past decade may not be the same ones at play in the future, Hayes says the macro setup and the fiat liquidity surge that fueled BTC’s staggering gains can only get more pronounced, particularly as “the sovereign debt bubble begins to burst.”
“As we enter the northern hemispheric summer and decision-makers enjoy a respite from reality, crypto volatility will decline. This is the perfect time to take advantage of the recent crypto dip to slowly add to positions,” the BitMEX co-founder noted.
Altcoins pounded during the latest dump, new token launches and presales are all likely to offer great entry points. These opportunities could materialise over the next few months.
KangaMoon brings GameFi and SocialFi to meme world
KangaMoon (KANG) is a new SocialFi and play-to-earn gaming project currently in presale.
The project, which also taps into meme culture to spice up the epic game battles, has a strong pull due to what the native $KANG token offers to holders. With KangaMoon, the opportunities to earn more $KANG and other exclusive rewards are available right from the presale stage.
Kangaverse is the GameFi platform’s ecosystem for contests and tournaments. $KANG holders can access these chances to earn more tokens through weekly, monthly and quarterly competitions and game challenges.
What makes KangaMoon a potentially great opportunity?
What makes KangaMoon a potentially great investment opportunity is its current presale price. $KANG’s value during the five stages of the token sale has increased from $0.005 to $0.0196, meaning early birds are looking at about 280% upside on the price.
However, the current price is also likely to be a great entry point given market predictions for Bitcoin and the altcoin sector. Analysts are also bullish on play-to-earn, while meme coins may see a new leg of interest.
A look at KangaMoon’s performance as stage 5 of the presale nears a close shows a great deal of confidence in the project from early investors. KangaMoon has raised more than $5.2 million so far, with the final stage 48% sold out.
Investors can take advantage of the 20% bonus available on all purchases to load up on what could be the next top big thing in SocialFi and P2E.
To learn more or buy $KANG, visit the official KangaMoon website.
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Crypto price predictions: BitBot, Pepe, Algorand (ALGO)
Cryptocurrency prices drifted upwards this week as investors reacted to the risk-on sentiment in the market. That view is supported by the performance of US equities like the Dow Jones, Nasdaq 100, and S&P 500. The US dollar index (DXY) has also pulled back as geopolitical risks have faded.
Bitcoin price has remained above $66,000 while altcoins like Pepe, Algorand, and Hedera Hashgraph (HBAR) have continued rising. BitBot ($BITBOT), on the other hand, has continued thriving as it raised over $2.8 million.
Pepe price forecast
The price of Pepe token bottomed at $0.0000039 earlier this month and then bounced back to a high of $0.0000080, its highest point since April 1st. It has soared by more than 100% from its lowest point this month.
The token has remained above the 50-day and 100-day Exponential Moving Averages (EMA). It has also risen in the past seven straight days, the longest winning streak in months. Pepe has also jumped above the strong pivot reverse point of the Murrey Math Lines.
Meanwhile, the Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards, meaning that it has momentum. The Average Directional Index (ADX) has remained above 20. Therefore, the outlook for the token is bullish, with the next point to watch being at $0.00010, which is about 26% above the current level.
Algorand price prediction
The Algorand price bottomed at $0.1490 this month and then bounced back as the crypto rally resumed. It has rebounded to $0.2616, its highest swing since April 1st of this year. The token has now pulled back and retreated to the key point at $0.2400. It has remained above the 50-day and 100-day moving averages and the Ichimoku cloud indicator.
The Relative Strength Index (RSI) index has also pointed upwards. Therefore, the pair will likely now move to a consolidation phase in the coming days and then resume the bull run. If this happens, the token will likely rise to the key resistance point at $0.30, which is about 30% above the current level.
BitBot analysis
Meanwhile, BitBot, an upcoming cryptocurrency, is doing remarkably well as demand for the token rises ahead of the eventual token listing. The developers have raised over $2.8 million from investors in its current stage.
For starters, BitBot is a project that is aiming to transform the financial trading industry by creating a decentralized trading bot. The bot will be distributed using Telegram, an application used by more than 900 million users around the world.
The network will have features like revenue sharing, exclusive access to $BITBOT holders, and governance.
Therefore, the BitBot token is doing well as investors cheer its potential growth in the artificial intelligence (AI) and the financial services industry. You can buy the BitBot token here.
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K33 Research cautions Mt. Gox’s imminent $9B payout could impact Bitcoin (BTC)
- Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors.
- The payout process could commence as early as next month.
- All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event.
Mt. Gox, once a major player in the cryptocurrency exchange scene, faced a devastating hack in 2014, leading to its collapse. Now, nearly a decade later, the defunct exchange is preparing to distribute a significant sum of digital assets including approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), amounting to over $9 billion in total, to creditors.
This impending payout has prompted concerns among market observers, with K33 Research highlighting the possibility of a negative impact on the price of Bitcoin in a report released on Tuesday.
According to the analysts, the influx of Mt. Gox coins into the market could create downward pressure on BTC valuation in the coming weeks.
Possible implications for Bitcoin (BTC) price
K33 Research analysts have highlighted concerns that the influx of Mt. Gox’s digital assets into the market could exert downward pressure on Bitcoin’s price in the coming weeks. While creditors may not immediately liquidate their assets, the anticipation surrounding the payout could instil caution among investors, potentially dampening market sentiment.
Creditors recently received updates on their BTC and BCH claims, indicating that payments could commence sooner than initially anticipated. This development, coupled with the looming deadline set by Mt. Gox trustees for reimbursements, has intensified speculation within the crypto community.
Market observers remain divided on the potential impact of Mt. Gox’s payout on Bitcoin’s price. While some believe that creditors may opt to hold onto their funds, others fear that the sheer volume of digital assets entering the market could trigger a sell-off, leading to a temporary downturn in prices.
Despite the uncertainty surrounding Mt. Gox’s payout, the crypto market continues to show resilience in the face of external pressures. However, investors are advised to exercise caution and closely monitor developments related to the distribution process to mitigate any adverse effects on their portfolios especially according to the K33 Research analysts warning.
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BlackRock tokenizes Money Market Fund on Hedera, HBAR soars
- Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera.
- This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year.
The crypto world has witnessed a historic moment in the real-world assets (RWAs) industry after Archax, a London-based digital asset exchange, broker and custodian, tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain.
Archax collaborated with the HBAR Foundation and the institutional-grade digital assets platform Ownera to bring the MMF to Hedera.
According to details in an announcement, the milestone follows Hedera Council member abrdn’s successful tokenization of its MMFs on Hedera last year.
abrdn is the largest active wealth manager in the UK and its flagship tokenized funds marked a major milestone in the asset management industry.
Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking a major milestone in asset management by bringing the world’s largest asset manager on-chain 🏦 pic.twitter.com/1Kye8cjAJx
— HBAR Foundation (@HBAR_foundation) April 23, 2024
Hedera’s growing RWA adoption
The RWAs sector is getting a big boost from MMFs, which offer suitable investment vehicles for investors with institutional stability and yield.
With tokenised MMFs allows for the trading of their shares on exchanges such as Archax and provide extra benefits that include instantaneous transfer and deployment as collateral rather than just being used for traditional subscriptions and redemptions.
“The addition of MMF shares tokenized on Hedera, enabled by Archax, is a huge vote of confidence. Hedera’s unmatched speed, security, and low-cost infrastructure is ideally suited for the institutional-grade tokenization of real-world assets made possible by Archax,” Shayne Higdon, CEO of The HBAR Foundation, said in a statement.
HBAR price soars to 4-week high
HBAR price surged after the news, rising more than 46% to reach highs of $0.1314 on Tuesday.
The token changed hands at around $0.087 before the news and is currently sitting at its highest level since March 27. Data from CoinGecko shows HBAR’s 24-hour trading volume has spiked more than 600% to over $346 million.
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