Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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Bitget BTC halving study: 84% investors predict Bitcoin will hit a new ATH

  • Bitget’s report reveals that 84% of survey participants predict Bitcoin (BTC) will hit a new all-time high in 2024.
  • About 70% say they have plans to add to their crypto investments as they eye the next bull run.

Bitget, one of the crypto exchanges to see remarkable growth in 2023, has released findings of a new study on Bitcoin’s upcoming halving, which shows an overwhelming majority of investors are bullish on the flagship cryptocurrency post-halving. 

Nearly three quarters say the potential for Bitcoin price to skyrocket to a new high weighs on their plans to add to their investments in 2024.

The crypto exchange shared the findings of the survey in a report published today, Thursday, February 1.

Bitget’s study – an overview

An analysis of anonymized data that focused on investors’ perceptions around Bitcoin’s upcoming halving and how this impacted their investment decisions showed that the market is largely bullish on BTC.

Here’s a highlight:

  • 84% of survey participants the next bull run will see Bitcoin price surpass its previous all-time high of $69,000. Only Europe had a percentage lower than 80% among all regions.
  • Over 50% of all respondents predict BTC will be between $30k and $60k by halving (expected around April 2024. 30% of participants think it could be higher than $60k.
  • About 70% of respondents said they have plans to add to their crypto investments. Highest conviction was expressed across MENA and East Europe.
  • Western European investors are largely “short-term cautious” and “long-term optimistic”.

2024 could be significant for Bitcoin, Bitget’s Gracy Chen says

According to Bitget, a diverse global demographic group of investors participated in the study. In total, 9,748 individuals drawn from across West Europe, East Europe, South East Asia, East Asia, MENA and Latin America shared their views and predictions for BTC pre-halving and post-halving.

Other than the above highlights, the report also shows 55% of participants see Bitcoin price in the $50k-$100k post halving in 2024. A smaller percentage predicts a run to above $150k. More people in West Europe, 51%, expressed this expectation.

Commenting on the findings, Bitget Managing Director Gracy Chen said: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market.”

Bitcoin traded at $42,700 on February 1, 2024, up 6.9% in the past week. Following declines in January, the benchmark cryptocurrency was 5.8% down in the past month. 

However, analysts at Standard Chartered Bank are among those to point to a bullish run for the digital asset, which reached highs of $49k amid the spot Bitcoin ETF euphoria. Analysts at the bank predicted last year that BTC could rally to highs of $120k by end of 2024.

The post Bitget BTC halving study: 84% investors predict Bitcoin will hit a new ATH appeared first on CoinJournal.

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Bitcoin tops $43k once again: Is it time to buy more Memeinator tokens?

Key takeaways

  • Bitcoin is up by 3% in the last 24 hours and is now trading above $43k once again.

  • Memeinator is set to conclude the 13th stage of its presale and has raised nearly $4 million so far. 

Bitcoin now trading above $43k

The cryptocurrency market has been bearish over the last two weeks. However, the trend is changing and Bitcoin has recovered some of its lost value. Bitcoin is up by more than 3% in the last 24 hours and is now trading above the $43k level again.

At press time, the price of Bitcoin stands at $43,365 per coin. Bitcoin’s positive performance has spread across the broader market, with the total cryptocurrency market cap now above $1.65 trillion.

The rally comes as investors expect the US Federal Reserve to maintain its current interest rate. However, if the Fed is to reduce interest rates, BTC and other cryptocurrencies could rally higher in the short term. With the market looking promising, this might be a good opportunity for investors to buy more digital assets. 

What is Memeinator?

Investors who are interested in meme coins could look into Memeinator. It is a meme coin that could become a leader in the space. Memeinator is a meme project designed to help content creators generate better content. 

According to their whitepaper, Memeinator seeks to uphold the culture of quality memes on the internet, ensuring that there is a higher level of quality content available to users. While the crypto space has thousands of meme coins available, only a few offer real-world utility to the users. Memeinator will be one of the few meme coins that offer value to their users and stakeholders. 

Memeinator will leverage AI technology to identify worthless memes on the internet, allowing users to know them and steer clear of them. The Memeinator developers also have strategies in place that would enable Memeinator to reach $1 billion in market cap over the coming years. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

At the moment, Memeinator is still in its presale stage and has raised nearly $4 million so far. In the first presale stage, the MMTR was sold for $0.01 and will rise to $0.0485 by the end of the presale, giving early investors an astonishing 132% ROI at listing. 

Memeinator’s presale raises over $3.9 million

The Memeinator presale is growing and attracting more investors. It is currently in its 13th stage and has raised more than $3.9 million so far. 

The native MMTR token can be purchased using three tokens, ETH, USDT, and USDC. According to the official website, the token is available to users on the Ethereum and BNChain blockchains. 

Furthermore, MMTR can be purchased using a wide range of supported wallets. However, keep in mind that MMTR can only be purchased using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale selling rapidly?

The Memeinator presale is selling fast thanks to the project’s unique proposition to the cryptocurrency space. If the development team rolls out its products and services, Memeinator could become one of the leading meme coins in the crypto space. 

Its solutions could find massive utility amongst degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

The Memeinator solution will combine AI and blockchain technology. Its AI solution will allow users to analyze and evaluate memes across the internet. This makes it possible to identify lower-quality memes and replace or destroy them. 

Powered by MMTR, Memeinator is set to offer a wide range of incentives to the token holders. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, CEX listing and liquidity. 

Will MMTR rally higher? 

At the moment, MMTR is still in presale, which means it is highly unlikely to determine whether it will rally higher or not. However, Memeinator has massive potential and could become one of the leading meme coins in the coming years. The right level of adoption could see Memeinator’s market cap reach $1 billion over the coming years. 

Leveraging AI and blockchain technology could see Memeinator take advantage of the growing popularity of these two technologies. Currently, its MMTR token is still in presale and could record a massive value increase once it gets listed on centralized and decentralized exchanges.

The post Bitcoin tops $43k once again: Is it time to buy more Memeinator tokens? appeared first on CoinJournal.

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Bitcoin miner GRIID makes NASDAQ debut after SPAC merger

  • GRIID begins trading on NASDAQ post-SPAC merger, enhancing market presence.
  • NASDAQ debut follows a successful merger with Adit EdTech Acquisition Corp.
  • GRIID’s listing underscores the growing integration of cryptocurrency firms into traditional markets.

GRIID, a US-based Bitcoin mining company, has officially commenced trading on the NASDAQ Global Market, heralding a new chapter in its journey. Known for its vertically integrated mining facilities leveraging sustainable energy, GRIID’s foray into the NASDAQ marks a notable milestone in the cryptocurrency sector’s intersection with traditional financial markets.

The move signifies a pivotal moment for GRIID, emphasizing its strategic expansion and commitment to delivering value to shareholders.

GRIID’s SPAC merger

GRIID’s NASDAQ listing comes on the heels of a successful merger with Adit EdTech Acquisition Corp, a special purpose acquisition company (SPAC). This strategic move underscores GRIID’s dedication to fortifying its market position and enhancing shareholder value. With the completion of the merger on January 2nd, GRIID swiftly transitioned to public trading, showcasing its agility in capitalizing on market opportunities.

As GRIID joins the ranks of publicly traded Bitcoin miners on NASDAQ, including industry giants like Coinbase Global and Marathon Digital, the cryptocurrency ecosystem continues to integrate into mainstream finance. GRIID’s presence on NASDAQ not only bolsters its visibility and liquidity but also underscores the growing investor interest in cryptocurrency-related ventures.

GRIID’s NASDAQ debut marks a significant milestone for the company and the broader cryptocurrency industry. With its innovative approach to Bitcoin mining and strategic market moves, GRIID is poised to make waves in the financial landscape, further bridging the gap between traditional finance and the burgeoning world of digital assets.

The post Bitcoin miner GRIID makes NASDAQ debut after SPAC merger appeared first on CoinJournal.

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GBTC outflows slow, signalling possible rebound; $GFOX set for major rally

Available data and expert submissions show Grayscale’s Bitcoin Trusts (GBTC) outflows are trending down, suggesting that the dumping spree may soon end.

Although the outflow number is still considerably large, a rebound looks to be on the horizon for $BTC prices, and investors’ confidence is gradually returning. Galaxy Fox holders also expect a significant rally from the meme coin post-presale. The meme coin has performed impressively in its ICO phase, and observers expect more in its retail phase. 

Galaxy Fox sets for retail exchange debut 

Galaxy Fox is a new token on the rise. The multi-utility token aims to dominate the crypto space and yield profit for investors while at it. Galaxy Fox will be a beneficial currency in web3 space. It will play vital roles on numerous web3 platforms while overseeing everything in its ecosystem. The purchase-worthy meme coin has shown a glimpse of its profitability on presale, and many expect it to keep the momentum going. 

Galaxy Fox is heading towards its retail phase with many expectations from crypto enthusiasts. The meme coin’s outlook holds much promise and will live up to them. With a well-founded prize pool and Stargate, Galaxy Fox will allow users to earn from its ecosystem via the P2E mechanism and token staking features. Holders will also be able to explore web3 opportunities with $GFOX,

Early and late $GFOX adopters will likely gain from the meme coin in the coming months. The presale is nearing incredible milestones, leaving it on the verge of completion. Galaxy Fox has smashed $3 million, with over 92% of its stage 7 token allocation sold. The next stage will commence, and it’s expected to sell faster and at a higher token price. Hence, the best time to join the $GFOX presale is now. The meme coin’s features indicate it’s a token with excellent prospects, and investors will find it profitable.

Grayscale’s Bitcoin Trusts (GBTC) outflow reduction sparks optimism 

$BTC ETFs trading commenced the second day after approval, and the trading volumes have been impressive. Major concerns have been about high outflows, especially from GBTC. Grayscale Bitcoin Trusts (GBTC) outflows are about 106,092 $BTC since the commencement of ETF trading, amounting to approximately $4.4 billion over nine trading days. 

The high numbers have impacted $BTC’s price negatively, prompting investors to lose trust in the cryptocurrency. However, recent developments show that Grayscale selling volume is gradually reducing. Data from BitMEX indicates GBTC outflows slowed for two consecutive days and had its smallest daily outflow since trading commenced on January, 24. The $429 million outflow was about 33% lower than GBTC’s sell-out at the start of the week. 

This event has prompted predictions of a possible $BTC rebound, with many industry experts airing their opinions. Eric Balchunas believes that while GBTC outflows are still large, the seeming downtrend is a sign that the mass exodus is gradually reducing. However, Eric states there are ‘too many unknowns’ to determine exactly when the massive sell-out will stop. 

James Mullarney, another market expert, also shared his opinion on the issue. He believes the significant reduction in Grayscale’s selling activities indicates a possible change of strategy by GBTC, calling it a positive sign for the crypto market. The experts believe the decrease in Grayscale’s outflows could spur $BTC’s price stability and bring back investors’ confidence. This means a $BTC recovery rally is imminent, and the top cryptocurrency will be back on track to break into the $50,000+ price level weeks from now.

Conclusion 

The reduction in GBTC’s daily outflows indicates an imminent end to the mass exodus on the $BTC ETF. Experts believe this will positively affect the cryptocurrency’s price movement. Thus, investors are optimistic about a possible BTC rebound. Similarly, Galaxy Fox is readying for a major surge as it nears its retail phase. The altcoin has shown great promises on presale, and it looks poised to live up to them. Hence, investors looking to improve their financial standings this year can consider joining the presale immediately. 

To learn more about $GFOX, visit the Galaxy Fox Presale or Join the Community.

The post GBTC outflows slow, signalling possible rebound; $GFOX set for major rally appeared first on CoinJournal.

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Top tokens to track as Bitcoin slides

  • Maker (MKR) stands out with its role in powering the stablecoin DAI and its unique decentralized governance structure.
  • Sui (SUI) offers a user-friendly DeFi experience with scalability and flexibility.
  • NuggetRush (NUGX) is emerging as an exciting crypto project with unique tokenomics and Ethereum blockchain integration.

Investors are constantly on the lookout for the next big thing in the ever-evolving world of cryptocurrency. As Bitcoin experiences its ups and downs, it’s only natural to seek out promising altcoins to buy that offer both innovation and potential for substantial gains.

In the midst of this crypto rollercoaster, one project has been making waves, and it’s poised to shine in the face of adversity: NuggetRush (NUGX). But before we dive into the depths of this gem, let’s set the stage and explore why it’s gaining traction among the best cryptos to buy now as Bitcoin faces challenges.

NuggetRush (NUGX)

Why is NuggetRush (NUGX) worth crypto investors’ attention? Well, folks, let me tell you, this project is on a wild ride, and it’s a thrill to be part of. Picture this: they’ve already sold a mind-boggling 163 million NUGX tokens, raising a jaw-dropping $2 million and counting!

We’re in the fifth round now, and NUGX is strutting its stuff at a tantalizing 0.018 USDT per token, with the next round promising a soaring 0.02 USDT – that’s a heart-pounding 100% token price increase from Round 1. This presale performance? It’s like the crypto community giving a standing ovation!

Now, let’s dive into the juicy tokenomics. NuggetRush has crafted an ecosystem that’s got crypto enthusiasts buzzing like bees at a honey pot. With a total supply of 500,000,000 NUGX tokens and the cherry on top – no pesky buy or sell tax! It’s not just friendly; it’s like a warm hug to newcomers, beckoning them into the crypto waters.

But hold on to your hats because NuggetRush isn’t just catering to the rookies dipping their toes into cryptocurrency trading for beginners; it’s laying out a grand buffet for seasoned traders, serving up those delectable gains on a silver platter.

But wait, there’s more – let’s get technical! NuggetRush isn’t just built on any old blockchain; it’s strutting its stuff on the Ethereum blockchain, ensuring ironclad security, breathtaking transparency, and a global stage for all crypto aficionados. 

But here’s where it gets spicy – each character in the NuggetRush universe moonlights as a collectible NFT. Yes, you heard it right, NFTs are hotter than hotcakes right now, and NuggetRush knows how to turn up the heat.

This move adds a dash of extra excitement and value for both players and collectors, making it one of the best altcoins to invest in. Plus, they’ve thrown in NFT staking with the potential for up to 20% APY, like turning a game into a treasure hunt where the loot is real crypto gold!

Now, let’s talk governance. NUGX isn’t just another token; it’s your golden ticket to calling the shots in the NuggetRush realm. Holders get to have their say in the project’s direction, like being part of a crypto democracy where every vote counts. It’s not just an investment; it’s a voice in the crypto revolution!

So there you have it, folks. NuggetRush isn’t your run-of-the-mill project; it’s a crypto rollercoaster of epic proportions, with rocketing presales, tempting tokenomics, cutting-edge technology, and a dash of democracy. Keep your eyes on this one; it’s a nugget of gold in the crypto treasure chest!

Maker (MKR)

Alright, crypto explorers, let’s dive into the fascinating world of Maker (MKR). You might have heard about it as a stablecoin, but trust me, it’s way more than just that.

Maker is the brains behind DAI, the decentralized stablecoin that’s all about keeping that value at a solid 1 USD. But what sets Maker apart is its decentralized autonomous organization (DAO) structure – and let me tell you, it’s a game-changer among the top altcoins.

In the crypto world, where decentralization is the name of the game, Maker takes it to a whole new level. MKR token holders are the bosses here. They get to call the shots, like setting the rules for collateral types and stability fees. It’s like a crypto democracy where your MKR tokens are your voting power. This level of control gives Maker a unique edge, making it a heavyweight in the DeFi arena.

But that’s not all, my fellow crypto enthusiasts. Maker’s got something called Collateralized Debt Positions (CDPs). It’s your golden ticket to lock up assets like Ethereum and mint DAI. Think of it as your financial playground where you get to be the master of your own crypto universe.

Sui (SUI)

Now, hold onto your surfboards because we’re about to catch the DeFi wave with Sui (SUI)! This little gem is making a splash in the world of decentralized finance, and here’s why you should pay attention.

Sui isn’t your run-of-the-mill DeFi token; it’s all about scalability and user-friendliness. Picture this: you’re riding the DeFi platform, and it’s a breeze. That’s what Sui offers – a DeFi experience designed with users like you in mind. This is what has made it one of the best altcoins.

But it’s not just about speed; it’s also about flexibility. Sui’s blockchain architecture is like a buffet for developers. They can pick and choose the features they want, customize their DeFi projects, and create something truly unique. It’s like having a DeFi toolbox at your disposal – you get to build your own financial world.

And let’s not forget the star of the show, SUI, Sui’s native token. It’s not just there for show; it’s got a job to do. SUI plays a crucial role in governing the platform, giving users like you another layer of involvement. It’s like being part of a crypto club where your voice actually matters.

Conclusion

As the crypto landscape continues to evolve, projects like NuggetRush (NUGX), Maker (MKR), and Sui (SUI) are proving that there’s more to crypto than meets the eye. These tokens offer unique features and innovations that make them worth tracking, especially when Bitcoin decides to take a rollercoaster ride. So keep your eyes peeled on these altcoins to watch, stay informed, and above all, enjoy the thrill of the crypto ride!

For more information about NuggetRush and to participate in the presale, visit the NuggetRush Presale Website.

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