Monat: November 2024

Veröffentlicht am

Bitcoin hits a new all-time high as Vantard’s presale enters the next stage

Key takeaways

  • Bitcoin has set a new all-time high of $77k after rallying by more than 10% over the last seven days.
  • Vantard’s seed round has entered the next stage after the project crossed the $800k milestone. 

Bitcoin crosses the $77k mark

The cryptocurrency market had a positive week, with most coins and tokens up 5% or more in the last seven days. Bitcoin, the number one cryptocurrency by market cap, added more than 10% to its value during that period.

The rally allowed Bitcoin to set a new all-time high price of $77,252 per coin. However, Bitcoin has slightly retraced since then. At press time, Bitcoin’s price stands at $76,564 per coin.

What is Vantard (VTARD)?

As the broader crypto market rallies, investors continue to look for new and exciting projects. Vantard is an exciting project that seeks to change how investors view meme coins.

Vantard is the world’s first meme coin index and would help investors leverage the the growing $45 billion memecoin market. Holders can use its native VTARD token to redeem tokens against the Treasury for their proportional percentage of the underlying assets. Vantard will hold a portfolio of top Solana-based meme coins. 

According to the development team, Vantard will be the world’s first Solana-based meme coin index. The project will enable investors to broaden their cryptocurrency investment portfolio. This is crucial thanks to the growing importance of meme coins to the cryptocurrency landspace.

With Vantard, investors can easily leverage the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Furthermore, this index will bridge an important gap in the market as meme coins have outperformed every other crypto sector since the start of the year. 

Find out more about the Vantard project here. 

Vantard’s seed round enters the next stage

The Vantard seed round continues, with the team raising over $300k over the last few days. The seed round comes shortly after the project raised $500k in its pre-seed funding round. This brings the total funding to $812k and could surpass the $1m mark soon.

In this current stage, Vantard is going for $0.00013 per coin, and the price is set to increase to $0.00014 in the next stage. Investors can purchase the $VTARD tokens using the USDC, USDT, and Ethereum coins on the Vantard website. 

Vantard could become one of the best performers in this bullish cycle thanks to its unique value proposition. Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years.

While the meme coins ecosystem continues to grow, investors face a major challenge of finding the best projects to invest in thanks to the hundreds of thousands of meme coins currently available. 

Vantard solves this with its meme coin index, which chooses the best Solana-based meme coins to add to their portfolios. The index lets users ‘Ride the Memecoin Supercycle.’

Should you buy $VTARD in this seed round?

The Vantard seed funding round has entered a new stage, and the token is sold for $0.00013 per coin. However, the price will increase to $0.00014 per coin in the next stage. 

With the emergence of spot Bitcoin and Ethereum ETFs, institutional investors are flocking to the market. Vantard could become a big winner in this cycle as it is the first index to track the leading meme coins on the Solana blockchain. Its native $VTARD token could be one of the top tokens in the crypto space in the coming bullish cycle.

The post Bitcoin hits a new all-time high as Vantard’s presale enters the next stage appeared first on CoinJournal.

Veröffentlicht am

BlackRock’s IBIT sets record $1.1 billion in daily inflows

  • IBIT’s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7
  • Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record indicates a “broader shift in institutional confidence” seen by BlackRock’s record net inflows
  • The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January

BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million.

The new record was noted on SoSoValue and comes when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House.

BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of its competitors. In October, BlackRock set a new record when its total assets reached $30 billion in 293 days.

Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record suggests a “broader shift in institutional confidence, with notable market movements such as BlackRock’s record net inflows into its iShares Bitcoin Trust (IBIT),” adding:

“The growing institutional interest underscores Bitcoin’s increasing recognition as a trusted asset class, driven by rising global demand and mainstream adoption. As more investors seek exposure to digital assets, Bitcoin’s role as a store of value and a potential hedge against inflation becomes ever clearer.”

The 12 US spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, also a new record since listing in January.

Nearing Satoshi’s wallet

Bloomberg ETF analyst Eric Balchunas noted BlackRock’s new record in a post on X, saying: “Even I am surprised it’s that big, by far biggest one day flow of any BTC ETF ever.”

Balchunas later added that the spot Bitcoin ETFs have taken in a combined $6.7 billion in the past month and $25.5 billion year to date, and are 93% of the way to passing Satoshi Nakamoto’s 1.1 million Bitcoin.

“This confidence suggests that Bitcoin is now seen as a legitimate hedge and growth asset, particularly appealing amid traditional market uncertainties and as regulatory clarity improves,” said James Toledano, COO at Unity, a self-custody crypto wallet, to CoinJournal. “Just look at pension funds in both the UK and US investing in Bitcoin too. Sentiment has changed massively in such a short space of time.”

Grayscale’s GBTC, the second-largest by net assets at $16.80 billion, saw a net inflow of $7.31 million. Fidelity’s FBTC reported $190.92 million and Ark and 21Shares saw $17.61 million.

The post BlackRock’s IBIT sets record $1.1 billion in daily inflows appeared first on CoinJournal.