Kategorie: Altcoin News

• Litecoin price jumped 4% to above $64 on Friday morning.
• LTC was up as positive sentiment permeated the altcoin market amid Bitcoin’s rally to $30k.

Litecoin (LTC) rose more than 4% early on Friday amid a positive reaction across the altcoin market to Bitcoin’s fresh spike to $30k. LTC traded to intraday highs of $64 across major exchanges, with daily trading volume hitting $370 million as buyers pushed the total crypto market cap to over $1.17 trillion.

Why is Litecoin price up today?

Although a bullish picture has looked increasingly possible with metrics such as Litecoin hashrate jumping to new highs, one of the likely catalysts could be the increased crowd noise on the probability of a spot Bitcoin ETF hitting the market sooner than anticipated. 

Recent developments involving potential ETF issuers and the US Securities and Exchange Commission (SEC) have added to the growing belief that the first spot ETF is a matter of when and not if. A court ruling on the Grayscale ETF today is one of the things on the crypto events watchlist for today.

That has Bitcoin price poised for takeoff, and as quant trader Charles Edwards pointed out on X today, the flagship cryptocurrency’s positive outlook is enhanced by the several key metrics in this cycle.

A list of Bitcoin firsts this cycle:

– Hash Rate growth actually increased in bear market
– Record 76.2% of supply held by long-term holders
– Governments mining it
– Lightning Network hits $150M+
– You can buy a burger at McDonalds with it

— Charles Edwards (@caprioleio) October 20, 2023

Other catalysts for LTC price today could be the regulation news related to SEC dropping charges against Ripple executives. The SEC sued Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen when it filed a lawsuit against the San-Francisco-based company in December 2020. The agency’s charges against the two were dismissed on Thursday, with the trial scheduled for April next year now not happening.

LTC looks to have pumped amid a similar reaction across the altcoin market. While Litecoin’s modest gains are dwarfed by the colossal returns for some of the best performing altcoins today – including Solana and Bitcoin SV – the bullish flip has analysts pointing to a potential retest of the psychological $100 level if upward momentum holds.

BTC breaking higher on further positivity could see Litecoin push for year-to-date highs before a bull market sets in a parabolic rally.

The post Litecoin (LTC) spikes as Bitcoin hits $30k appeared first on CoinJournal.

• Injective (INJ) price rose to highs of $8.20 on Wednesday.
• The gains came as the layer-1 blockchain network’s DEX platform Helix unveiled its pre-launch futures product.
• Celestia (TIA) is the first pre-launch futures token to list on Helix.

Injective (INJ) is seeing a nice uptick in price today as the layer-1 blockchain adds to last week’s upside. While the altcoin‘s price is currently just 3.5% up in the past 24 hours, the gains were much more notable earlier in the day when INJ/USD touched highs of $8.20.

INJ traded to highs of $9.40 in April this year before the early 2023 momentum faded alongside the lull across the crypto market. In 2021, the price of INJ hit the all-time high of $24.89.

Helix unveils pre-launch futures

Injective’s price gains came as the Injective blockchain added to last week’s network milestones, which included integration with NFT marketplace Dagora and new Launchpad InjMarket. 

The latest milestone was achieved via Helix, a decentralized exchange (DEX) on Injective that introduced its pre-launch futures on Wednesday. The product allows customers to trade popular tokens before their official launch.

“Pre-Launch Futures are futures markets for tokens that have yet to launch. Effectively, this enables users to trade pre-launch markets that are typically reserved for early contributors, VCs or wealthy insiders,” the Helix team said in a blog post on Wednesday.

The first token on the Helix pre-launch futures market is Celestia (TIA), the native token of the modular data network developed by Celestia Labs. The platform’s recently launched airdrop that concluded today might have aided the overall sentiment in the Injective market.

TIA, which is expected to go live on a major crypto exchange in coming weeks, will be used for transaction fees. The token also has a fee burn mechanism akin to Ethereum’s EIP-1559.

The post Injective (INJ) boost as Helix unveils pre-launch futures appeared first on CoinJournal.

TLDR:

• Pepe ($PEPE) struggles post-150x boom due to lack of market sustainability and utility.

• NuggetRush ($NUGX) emerges with strong tokenomics, real-world utility, and community engagement.

• NuggetRush’s innovative approach presents a meaningful, forward-thinking crypto investment opportunity.

Pepe ($PEPE) once soared to staggering heights with a 150x price boom, showcasing the euphoric yet unpredictable nature of the crypto realm. However, as the dust settles, the token finds it hard to maintain its majestic flight, its wings seemingly clipped by the harsh realities of market sustainability and utility demand.

Amidst these tides of change, a new vessel, NuggetRush ($NUGX), sails forth, promising not just a sturdy deck, but a treasure trove of real-world utility and robust tokenomics. 

The ephemeral allure of Pepe ($PEPE) now pales in comparison to robust, utility-driven tokens like NuggetRush ($NUGX), which offer a harmonious blend of financial growth, real-world impact, and community engagement, paving the way for a new era of meaningful crypto investments.

NuggetRush ($NUGX)

NuggetRush ($NUGX) isn’t merely a token; it’s a gateway to an expansive universe where cryptocurrency, gaming, and tangible societal impact coalesce. This Ethereum-based token stands as the pillar of an innovative play-to-earn blockchain game, where every mined virtual gold nugget echoes rewards in the real world, catering to the betterment of artisanal miners in underdeveloped countries. 

NuggetRush’s ecosystem resonates with the ethos of GameFi, nurturing a realm where players can exchange in-game assets for real-world assets like gold and cash.

The tokenomics are meticulously designed to fuel a self-sustaining ecosystem with a total supply of 500,000,000 $NUGX tokens, fostering a community-driven governance model, and an ecosystem that rewards participation. 

The best altcoins bear a hallmark of security and transparency, and NuggetRush is no exception. With a smart contract audit already in the bag, courtesy of SolidProof, and a smart contract that will be renounced post-launch to ensure a trustless and transparent environment, $NUGX sets a high bar. 

The ongoing successful presale, now in Round 1, has already seen over 69,000 $NUGX tokens sold at 0.01 USDT each, with the price poised to increment to 0.012 USDT in the next round, underscoring the burgeoning investor confidence in this venture.

Amid a plethora of choices in the crypto domain, discerning the best altcoins to watch can be a daunting task for both seasoned and novice investors. 

However, NuggetRush ($NUGX) stands out, offering not just a promising financial venture, but a meaningful engagement that resonates with real-world impact. The innovative blend of gaming and blockchain technology it embodies provides a rare, valuable proposition in a market flooded with transient, hype-driven tokens.

The well-structured presale, the transparent and secure framework, and the promise of a community-centric governance model, all contribute to making NuggetRush one of the candidates in the list of the best cryptos to buy now. 

The vision of integrating play-to-earn gaming with a mission to support underprivileged communities showcases a forward-thinking approach, setting a precedent for how cryptocurrencies can transcend digital realms and foster tangible positive change in the societal fabric.

>> Buy NuggetRush Now <<

Pepe ($PEPE)

On the flip side, Pepe’s narrative unfurls as a cautionary tale. The token, once a darling of the crypto community, now wrestles with the ghost of its past glory. The lack of a substantial utility framework and a roadmap to sustain its early boom are the chains dragging it down into the abyss of obsolescence. 

Its journey reflects the path of many meme coins that rocket skywards on the wings of hype but plummet when the fuel of real-world utility runs dry.

In stark contrast, emerging altcoins to watch like NuggetRush ($NUGX) are not mere speculative assets but bearers of a vision that transcends digital numbers, anchoring its value in tangible impact and a thriving, interactive ecosystem.

Conclusion

The juxtaposition of Pepe and NuggetRush unveils a panorama of what the future holds. While Pepe struggles to find its footing amidst a crumbling facade of hype, NuggetRush surges forth on a strong foundation of utility and a promise of real-world impact. 

The robust tokenomics, the innovative intertwining of gaming and blockchain, and the mission to aid underdeveloped communities, places NuggetRush in the spotlight as one of the top new altcoins to watch.

For the discerning investor, tokens like $NUGX don’t merely represent a financial venture but a step towards a realm where cryptocurrency transcends digital boundaries, seeding growth and prosperity in the real world.

Visit NuggetRush Presale Website

The post As Pepe struggles to maintain its early 150x boom, is there a new contender to its throne? appeared first on CoinJournal.

• Sushi price is near the key support level of $0.50 while Memeinator is set to jump to $0.0118.
• But what’s the price prediction for SUSHI and MMTR?
• What makes Memeinator stand out among meme coins?

Sushi is a top DeFi protocol, whose governance token SUSHI reached a high of $23.38 in May 2021. Memeinator on the other hand is a new meme cryptocurrency that recently launched its presale. The project’s approach in the quest to disrupt the meme world is attracting enthusiasts, with over $680k raised just days after it went live.

But what’s the outlook for these two projects? Let’s dive in for more.

What is Memeinator?

Memeinator is the “Terminator” of the crypto meme world. It comes with a mission – marshalled from the future of memesphere to bring order and clarity to the market by taking down weak meme tokens. To achieve this mission, the Memeinator has tapped into artificial intelligence to create a Memescanner that will identify and bring into view worthless memes for judgement. A target of $1 billion market cap means many will fall.

This is expected to start after the final presale stage, with the roadmap including the launch of the Meme Warfare game. Expanding on meme utility in this way adds to the unique value proposition of Memeinator that has the crypto community excited and looking to make an early kill via the presale.

Other than the game, other enticing aspects of the Memeinator that add to MMTR’s utility is the support for staking and NFTs. There’s more in an advertised $250k Virgin Galactic trip to space, more of which can be gleaned from the presale page and via the project’s social media channels.

What is Sushi?

SushiSwap is a community-driven DeFi protocol that offers opportunities such as yield farming, staking and liquidity providing. It’s an automated market maker (AMM) powered by smart contracts.

The project was announced in September of 2020, with the native governance token SUSHI giving holders the right to vote on ecosystem initiatives. Holders also earn from the fees collected.

Sushi price prediction

SUSHI traded to lows of $0.47 in 2020 before skyrocketing during the last bull market to break above $23 in May 2021. However, it’s edged lower amid the crypto winter and has lost 97% of that value given the current price. Negative sentiment remains, but if bulls hold the long-term support zone at $0.50, a rebound to $1 might signal fresh momentum.

With several innovative products, SushiSwap has become one of the key DeFi platforms in the market. As part of the latest development plans, the Sushi team has organised an AMA on X. The event is scheduled for October 16 at 10 pm UTC and will feature Origin DeFi, Boba Network, PopcornDAO, and others in a discussion centred on continued building even as the bear market drags.

Memeinator price prediction

Memeinator will be in presale for 29 stages, a period that will see the price of MMTR rise to $0.049. Currently, the token sale is at $0.0112 with the presale at stage three. Over $687k has been raised so far and with the price set to jump to $0.0118 at the next stage, gem hunters might yet get this at what looks like a mighty bargain. If the token launches as expected during the next bull market, it could target $1 in 2024.

Why Memeinator?

While Sushi remains one of the altcoins to watch in the market, the potential for far more gains starting from the presale suggests Memeinator could be a stand out buy between these two.

The Memeinator is quickly progressing through its initial development phase, with a strong community set to grow with the launch of MMTR across the market in phase two of the project. That will also include partnerships, staking and NFTs launch, with weaker meme tokens annihilated as MMTR targets the $1 billion market cap. The roadmap lists this as phase three of the project.

Learn more here.

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