Monat: April 2024

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Bitcoin (BTC) price prediction after breaching $72k

  • Bitcoin price forecast points to a possible $82,000.
  • Ten days remain to the much anticipated Bitcoin halving event.
  • Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge

Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its price breaching the $72,000 mark again today.

BTC’s price surge comes amidst a backdrop of growing optimism and speculation surrounding the future trajectory of the leading cryptocurrency as new coins like Kanagamoon come up.

Analysts have been closely monitoring Bitcoin’s price movements, offering forecasts and insights into where it might head next.

Bitcoin price forecast

In recent months, Bitcoin has defied expectations, rallying from lows of $15,000 at the end of 2022 to its current highs. This remarkable price surge has sparked wild speculation among traders and investors, with some predicting that Bitcoin could be in for its biggest month ever.

However, despite the bullish momentum, there are lingering concerns among some market participants, including Federal Reserve officials like Neel Kashkari, who have expressed worries about Bitcoin’s price volatility.

At its current price of $72,354, Bitcoin (BTC) has more than doubled its price since the end of 2023. At first, the rally was pegged on the approval of spot Bitcoin ETFs by the U.S. SEC. The impact of the ETFs was so strong especially following the outflow of BTC from crypto exchanges as the ETFs took up much of the bitcoins from the market creating a supply crunch.

Additionally, factors such as the upcoming Bitcoin halving event and increased institutional interest in the cryptocurrency market have also been potential catalysts for driving BTC’s price appreciation.

But even as the BTC price appreciates, analysts have been skeptical with some pointing out that Bitcoin’s price could experience a pullback in the near term, potentially revisiting levels around $60,000 before rallying back to its recent peak of $73,777 or even higher.

While this pattern of pre-halving dips is not uncommon in Bitcoin’s price history, and it is often followed by a continuation of the primary uptrend, it seems Bitcoin has already hit bottom in its recent pullback and is now prepared to set a new all-time high (ATH), as we enter the halving eve.

As depicted by Thomas on X, Bitcoin’s halving event has always spurred BTC to register new highs

According to Jelle’s Bitcoin price prediction, BTC could easily hit $82,000 if it successfully breaks through the current wedge.

Kangamoon: SocialFi and Play-to-Earn merge

As Bitcoin prespare for pre-halving cycle, Kangamoon is emerging as a notable project that aims to revolutionize the way users interact with memes and earn rewards.

Kangamoon is building a vibrant community of meme enthusiasts while integrating elements of SocialFi and Play-to-Earn (P2E).

At the heart of the Kangamoon project is its native token $KANG,which iscurrentlyin the presale stage.

The platform offers users the opportunity to engage in various activities, including assembling champions, participating in epic battles, and betting on favorite fighters to earn $KANG tokens and exclusive rewards.

$KANG is an ERC-20 token on the Ethereum blockchain, with a maximum supply of 1 billion tokens. Users can claim their $KANG tokens following the conclusion of the presale event, with details about the token claim process available on the Kangamoon website, social media channels, newsletter, and Telegram community.

Kangamoon’s unique social-fi model incentivizes active participation, with users competing in weekly, monthly, and quarterly challenges to earn $KANG and other rewards.

Kangamoon presale

In the ongoing Kangamoon presale, the project has raised an impressive amount, totaling $4,384,434.039.

With 15.3% of the tokens already sold, there is still 84.7% remaining for potential investors to participate in the presale event.

The current presale stage offers a 10% bonus on all purchases, providing an attractive opportunity for early supporters to acquire $KANG tokens at a favorable price point of $0.0196 per token.

The presale phase is a crucial step in Kangamoon’s journey, as it enables the project to secure funding and build momentum ahead of its official launch. As the project progresses through its roadmap milestones, including the development of the Kangamoon Play-to-Earn Arcade and the launch of the Kangamoon P2E website and app, investors and enthusiasts are eagerly anticipating the next stages of Kangamoon’s evolution.

Conclusion

Bitcoin’s price continues to capture the attention of the cryptocurrency market, with forecasts suggesting further upside potential. And at the same time, Kangamoon is carving out its niche in the industry, offering a unique blend of meme culture, social finance, and play-to-earn mechanics to create an engaging and rewarding experience for users.

As both Bitcoin and Kangamoon navigate their respective paths, investors and enthusiasts remain vigilant, eager to seize opportunities and navigate the ever-changing landscape of the cryptocurrency market.

The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

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Rebel Satoshi (RBLZ) hailed as an altcoin to watch amidst ETH and SHIB turbulent price action

  • Rebel Satoshi ($RBLZ) has received endorsement from several market experts amid its ICOs.
  • Some market experts are optimistic that Ethereum (ETH) will reach a price of $4,853 in 2024.
  • A number of analysts believe Shiba Inu (SHIB) will experience a 59% price surge in 2024.

Rebel Satoshi (RBLZ) remains one of the altcoins to watch according to some experts, because of its potential to disrupt market dynamics. Meanwhile, Ethereum (ETH) and Shiba Inu (SHIB) trade in the red after months of continuous growth.

Read on as we delve deeper into the future prospects of $RBLZ, ETH, and SHIB to find the best crypto to invest in.

Experts show confidence in $RBLZ’s presale trajectory

Amidst the volatile price actions of Ethereum and SHIB, experts are focusing on Rebel Satoshi’s $RBLZ, with several endorsing its presale trajectory with a vote of confidence. Hailed by some as a top ICO, Rebel Satoshi is gaining traction as a symbol of a broader movement, catching the eye of market analysts and investors alike.

Rebel Satoshi aims to disrupt the crypto landscape by promoting decentralization and community empowerment. It represents a shift towards a more equitable and participatory digital economy, challenging the dominance of top crypto coins.

The presale of $RBLZ demonstrated a solid market performance, achieving a 150% price growth. This impressive rally from $0.010 in the Early Bird Round to $0.025 by the end of the presale hints at its massive potential in the coming months.

Following the presale, $RBLZ successfully launched on major platforms like Uniswap, CoinGecko, DEXTools, and Coinstore, maintaining its closing presale price.

Additionally, the announcement of a second token, $RECQ, has sparked further interest, with its presale performance anticipated to surpass that of $RBLZ. Currently, it is in Stage 1 of its presale at $0.0037, with the aim of reaching $0.0125 by the presale’s conclusion.

The upward trajectory of $RBLZ’s price post-presale indicates a promising future, supported by a vibrant community engaged in quests and earning rewards. The Rebel Satoshi ecosystem is set for expansion, with the launch of the Rebel Satoshi Arcade and exclusive merchandise on the horizon.

Ethereum tumbles: can ETH cross the $4,500 mark in 2024?

Ethereum kicked off 2024 strongly, with its native token trading at $2,282.87 and surging above $4,000 in March. However, the price has since experienced a downturn, slipping below the $3,300 mark by early April, reflecting a period of volatility and price correction.

In the second quarter, Ethereum faced challenges as it started in the red, raising concerns about its near-term performance. Additionally, uncertainties loom over ETH’s potential for a significant price boost, as the US SEC has yet to approve applications for a spot Ethereum ETF.

The absence of regulatory approval has impacted ETH’s price movements, with its correlation with Bitcoin playing a significant role in recent months. As Bitcoin faces volatility, Ethereum is following suit.

For those who wonder if ETH is the best crypto to buy now, experts weigh the potential impact of an approved Ethereum ETF on ETH’s price trajectory. If approved, analysts predict ETH could reach a price of $4,853 by the end of 2024 due to increased institutional interest and accessibility.

However, in a bearish scenario, where regulatory hurdles persist, or market sentiment turns negative, ETH is expected to struggle and maintain a price level below $4,055 in the coming months.

Market analysts foresee a 59% price growth for SHIB in 2024

Shiba Inu experienced a noteworthy rally in the first quarter of 2024, with its native token reaching highs of $0.00004534 by March. However, as the second quarter progresses, SHIB’s price has undergone a correction phase, dipping below the $0.00003 mark.

Despite the recent correction, experts remain optimistic about SHIB’s future growth prospects, citing its increasing popularity as a key driver. Recently, Shiba Inu achieved a significant milestone by becoming the most popular token on WazirX, a leading Indian cryptocurrency exchange.

Interestingly, Shiba Inu surpassed even Bitcoin as the top-traded crypto in March. This surge in popularity has highlighted Shiba Inu’s strong community support and its potential for further market expansion.

Analysts project further growth for Shiba Inu due to its widespread popularity and broader bullish market sentiments. With expectations of a 59% increase, experts predict SHIB could reach $0.000041 by the end of 2024.

However, in a shift towards bearish sentiments in the market, SHIB is anticipated to maintain a price level below $0.000034 for the rest of the year.

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

The post Rebel Satoshi (RBLZ) hailed as an altcoin to watch amidst ETH and SHIB turbulent price action appeared first on CoinJournal.

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Web3 charity, Ubunation, to auction 10,000 NFTs to build a school in Kenya

Ubunation, a web3 charity, has partnered with UNDER Lea’s TRUST, a non-profit organization dedicated to enhancing educational access in Kenya, to launch an innovative charitable fundraising campaign where 10,000 NFTs will be auctioned off to support the construction of a primary school in Nairobi.

The “ULT Dream Careers Lion Charity Collection Campaign” will offer supporters the opportunity to buy 10,000 unique, limited-edition NFT images of lions, the official animal of Kenya.

The campaign not only symbolizes a significant stride towards improving education for underprivileged children but also marks a unique blend of technology and philanthropy. By purchasing one of these exclusive lion digital collectibles for $20, donors contribute directly to a $200,000 goal set to empower the youth of Nairobi with education and a promise of a better future.

Speaking at the launch on this new initiative, Heissam Hartmann, Founder of Ubunation, said:

“Through this campaign, we are not just creating a collectible; we are building dreams and paving the way for a brighter future for the children of Nairobi. This is a testament to what we can achieve when technology meets compassion and collective action.”

Lea Kabitzsch, Founder of UNDER Lea’s TRUST, added:

“Education is the cornerstone of development and empowerment. With every NFT sold, we move one step closer to turning the dream of accessible education for all into a reality in Nairobi. This school is not just a building; it’s a beacon of hope and opportunity for countless children.”

Readers interested in buying one of these charitable NFTs, or anyone seeking more information about this transformative initiative, can visit https://ubunation.com/ult/ for all the details.

 

 

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Crypto bullish momentum fades as BitBot demand escalates

The cryptocurrency bull run has faded recently as many investors take profits and wait for the next catalyst. Bitcoin price has retreated from an all-time high of over $73,000 to $67,000. Similarly, Ethereum token has plunged from over $4,000 to $3,320.

As a result, the total market cap of all digital coins has dropped from almost $3 trillion to $2.6 trillion. Despite these challenges, BitBot has continued its bullish momentum as its token sale jumped to over $2 million.

Why crypto bull run has faded

There are two main reasons why the crypto bull run has faded in the past few weeks. First, there are signs that the much-anticipated rate cut by the Federal Reserve will not happen any time soon. This view was supported by Friday’s strong job numbers.

According to the Bureau of Labor Statistics (BLS), the American economy added over 303k jobs in March, higher than the median estimate of 212k. The economy has added jobs for 36 straight months, the longest winning streak in years.

The unemployment rate dropped to 3.8% while the average hourly earnings rose by 4.1%, down from 4.3% in the previous month. These numbers came a few days after the ISM said that the manufacturing PMI increased in March, the first time since 2022.

There are also signs that inflation slowdown has slowed in the past few months. The headline Consumer Price Index (CPI) stood at 3.1 in February while the core CPI remained at 3.8%. The core CPI is almost double the Fed target of 2.0%.

Therefore, Bitcoin and other cryptocurrencies have dropped because most investors expect that the Fed will not cut rates this year. Other analysts expect at least one cut, down from three or four when the year started. This also explains why stocks have tumbled this week.

BitBot token sale continues

Meanwhile, the BitBot token sale has continued this week as the developers raised over $2 million, meaning that there is strong demand. Its token sale has now moved to its stage 9.

For starters, BitBot is a company that is seeking to disrupt the financial and trading industry. The developers are building Telegram bots that will send signals to thousands of customers.

To be clear: Telegram bots are not new. It is a big industry with thousands of companies offering the service. A careful look at these platforms show that most of them are scams.

BitBot aims to change this by creating a genuinely honest trading bot powered by the blockchain technology. It will also be a decentralized bot, where token holders will make decisions about the network.

Token holders will also take part in revenue sharing, get exclusive access to its products, and the ability to mingle with the community and trading experts.

Therefore, unlike meme coins like MEME, Book of Meme, Bonk, and Samoyedcoin which have no utility, BitBot will have important use. This utility could help to stabilize its price even when there is a new crypto winter.

Still, there is no uncertainty that the BitBot token price will rise after being listed by major exchanges. As a result, it is always important to use risk management strategies to prevent substantial losses. You can buy the BitBot token here.

The post Crypto bullish momentum fades as BitBot demand escalates appeared first on CoinJournal.

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BlackRock adds Goldman Sachs, Citi and UBS as APs for its spot Bitcoin ETF

  • BlackRock has updated its Authorized Participants (APs) list amid huge traction for spot Bitcoin ETFs.
  • Goldman Sachs, Citadel, Citigroup, UBS and ABN AMRO join Jane Street Capital, JP Morgan, Virtu andMacquarie as APs for BlackRock’s IBIT.

BlackRock just updated its spot Bitcoin ETF prospectus, adding five new Authorized Participants (APs).

Those to make the new list of APs for the world’s largest asset manager’s iShares Bitcoin Trust (IBIT) ETF are Wall Street giants Goldman Sachs, Citadel and Citigroup.

UBS Securities and ABN AMRO Clearing are also added, according to details in the prospectus.

With this, BlackRock, whose IBIT has stormed to billions of dollars’ worth of Bitcoin (BTC) holdings for its ETF, has pushed its APs total from just four to nine.

Wall Street’s embrace of Bitcoin continues

Initially, BlackRock named JP Morgan, Jane Street Capital, Virtu Americas and Macquarie as its authorized participants. This expansion comes amid expected spike in inflows as more people seek exposure to BTC, the world’s largest cryptocurrency by market cap.

According to Bloomberg ETF analyst Eric Balchunas, Goldman Sachs, Citigroup and the other APs entry suggests “big time firms now want piece of action.” It also indicates that these companies are now open to “being publicly associated with” Bitcoin spot ETFs, he added.

“Up until now Citi, GS, UBS and Citadel were not named in any of these ETF filings. So they either new OR they were ashamed before to be ID-ed but are now cool. Either way, likely a result of the ETFs’ mega-flows/success,” Balchunas opined via a post on X.

Analysts have noted that one catalyst to the sharp spike in BTC price has been US Security and Exchange Commission (SEC)’s approval of several spot Bitcoin ETFs in January.

For instance, Bitcoin ETFs traded more than $111 billion in March, nearly three times trades recorded in February and January.

Elsewhere, the regulatory nod added to the global trend in renewed mainstream adoption of crypto, with demand for more investment assets seeing BlackRock and other firms file proposals for spot Ethereum ETFs.

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