Kategorie: Bitcoin News

Crypto has shocked the world yet again, and as open interest heats up, it is clear that risk-on market participants will thrive in the coming two years. Speculative appetite is up, and following the Bitcoin (BTC) Spot ETF approval anticipation, a dramatic industry repricing will occur.

According to many, anybody who bought a Solana (SOL) Saga, which recently sold out in the US, should HODL the phone! If Bonk (BONK) can 10X the Solana phones will be worth $7,000. But the real top crypto to buy now is Galaxy Fox ($GFOX), which heads for $2 million and promises one of the best price discovery phases of any token in 2024.

Saga sales turnaround: a strange success story

Saga, a mobile phone released by Solana, was the first piece of hardware created by a layer one blockchain. Although sales were dismal and founder Anatoly even backpedalled on the product, stating it was an experiment in a podcast, the enormous surge of $BONK has breathed new life into the market. 

Each phone comes loaded with an airdrop of 30 million $BONK, and if Bonk can 10x, the Solana phones will be worth nearly $7,000. Not bad for a phone that costs $599! The rampant increase in BONK’s valuation has single-handedly reversed the fortune of the Saga and driven the phone from a lack of sales to being sold out. A secondary market has even emerged, with people paying thousands of dollars for new, unopened Sagas.

Will Bonk become retrospectively the best crypto to buy in 2023? For those early enough, certainly, but memecoins have a pre-ordained life cycle, and when Tier 1 centralized exchanges list them (Binance and Coinbase), the trade is already over. For those that missed $BONK, the top crypto to buy now and the next big opportunity is $GFOX.

Galaxy Fox ($GFOX) aims at $2 million next step $5 million

Galaxy Fox continues raising and has blown past its competitors when it comes to funding. Steadily closing in on $2 million and with $5 million as the next target, the natural question is just how high this P2E token can go. Early momentum paints a wonderfully accurate picture of future performance and judged on this metric, $GFOX is the top crypto to invest in before the end of 2023.

This play-to-earn token is expanding the boundaries of what it means to be a P2E project. Instead of just the top-ranked players earning rewards, Galaxy Fox has enabled the entire community to earn thanks to its introduction of staking rewards. 

Beyond this, the ecosystem provides novel ways for skilled market actors to generate profit, including an NFT marketplace. NFTs grant in-game stat bonuses, and logic dictates that as the prize pool for its runner game grows larger, the floor price of NFTs will climb as the stat boosts they confer grow more valuable. Mint an NFT early and flip it as the prize pool climbs? Could it be the best meta-trade within this cosmic ecosystem?

Analysts have already forecast 100x gains in 2024, citing the protocol’s intricate taxation system, which funds staking payouts, the liquidity pool, and the Treasury. Taxes funding staking rewards means no long-term inflation. Tokenomics are deflationary, allowing value to accrue steadily over time. The Treasury funds ecosystem development initiatives, meaning more activity will equate to more new users, and a flywheel will activate. 

Closing thoughts: memecoins & P2E tokens primed to explode in 2024

The meta in the last quarter of 2023 has certainly been memecoins, and Bonk’s outrageous performance offers testament to this statement. Heading into 2024 this trend will remain intact, and GameFi is expected to become another dominant market vertical. 

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

The post If BONK can 10x, Solana phones will be worth $7000; meanwhile GFOX heads for $2 million appeared first on CoinJournal.

• Mt. Gox creditors confirm Japanese Yen refunds via PayPal after a decade-long wait.
• Mt. Gox’s 2014 collapse, losing 950,000 Bitcoins, triggered years of legal battles.
• The extended repayment timeline could influence 2024 market dynamics.

After a decade of anticipation, creditors of the infamous Mt. Gox Bitcoin exchange are finally receiving repayments for their locked-up funds. Recent reports on social media, particularly Reddit, suggest that Mt. Gox has initiated the distribution of Japanese Yen-denominated refunds through PayPal. This comes a few months after Mt.Gox hinted at making BTC payouts before the end of 2023.

The development marks a significant development in one of the largest cryptocurrency exchange collapses, where approximately 950,000 Bitcoins worth $450 million vanished in 2014, leaving creditors in limbo for years.

A decade-long wait

On December 25, users on the mtgoxinsolvency Reddit page shared their experiences of receiving Japanese Yen-denominated refunds via PayPal. Among them, Free-end254 posted a screenshot of a PayPal receipt, confirming the receipt of funds. Another user, initially sceptical, later verified the legitimacy of the payment in their PayPal account.

This development follows an announcement in late November by Mt. Gox trustee Nobuaki Kobayashi, revealing plans to initiate repayments in cash in 2023, with expectations of ongoing payments throughout 2024.

While official confirmation from Mt. Gox is still pending, these user reports suggest a significant step forward in compensating affected creditors.

Mt. Gox’s complex history of loss and legal battles

In February 2014, Mt. Gox, once among the largest Bitcoin exchanges, faced a catastrophic event, losing around 950,000 Bitcoins, valued at $450 million. The exchange’s claim of an additional 100,000 missing Bitcoins further exacerbated the crisis. The exact reasons behind the theft remain unclear, but a combination of poor security measures and potential insider involvement was suspected.

The loss had a profound impact on Mt. Gox’s creditors, who deposited their Bitcoins with the expectation of easy withdrawals. However, the exchange’s collapse left these funds trapped for almost a decade.

Creditors resorted to legal actions against Mt. Gox and its former CEO, Mark Karpeles, in an attempt to recover their losses.

Mt. Gox repayment process

In late November, Mt. Gox creditors received an email from trustee Nobuaki Kobayashi, outlining the plan to initiate repayments. The distribution process involves utilizing funds from asset sales and recovered Bitcoin. Although the repayment timeline extends into 2024 due to varying processing times, this marks a significant stride toward closing the chapter on a complex and protracted legal battle.

The extended repayment period may potentially impact the Bitcoin market, as creditors, finally gaining access to their assets, could choose to sell or exchange their crypto holdings. With the court allowing an extension until October 31, 2024, Mt. Gox creditors are now on the cusp of reclaiming a portion of their long-lost investments.

The post Mt. Gox creditors receiving long-awaited repayments appeared first on CoinJournal.

• IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge.
• Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model.
• Solana hits a 19-month peak above $102, surpassing XRP in market cap ranking.

While IoTeX, Bitcoin, and Solana witnessed considerable gains in the past few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale.

Read along as we explore the recent market movements as we head into 2024 and the promising features of Pullix, currently in its presale stage.

IoTeX: bridging physical and digital realms

IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge. The token has gained 109.27% in the last month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it among the very few cryptocurrencies to sustain a bullish trend.

Recent on-chain metrics reveal a surge of over 90% in IoTeX’s native token, IOTX, within the past week. A notable catalyst for this breakout is the platform’s increased activity and adoption, exemplified by processing over 1 million transactions in a single day on December 19th.

IoTeX’s innovative hardware integration in security and oracle sectors, including products like Ucam home security cameras and Pebble data oracles, is capturing the attention of investors.

Bitcoin hits $44K

Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year. 

In a review of 2023, Kaiko Research stated that “Bitcoin is set to close the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms,” second only to semiconductor giant Nvidia.

Solana’s soaring success

Solana, a high-performance blockchain platform, has outshone other larger-cap altcoins, reaching a 19-month peak above $102. The SOL token price has surged by 765.76% in the past year joining the likes of IoTeX for a consistent bullish surge throughout the year.

This surge has propelled SOL to surpass XRP as the fifth-largest cryptocurrency. Other notable gainers in the market include Avalanche (AVAX) and Polkadot (DOT), both experiencing significant price increases.

Pullix: redefining crypto trading with a hybrid approach

While the larger crypto market surges towards 2024, Pullix, is set to redefine crypto trading with its innovative hybrid exchange. Combining the strengths of centralized and decentralized exchanges, Pullix introduces a unique “Trade-to-Earn” concept through its native token $PLX.

The PLX token presale has seen substantial interest, raising $1,387,783 with 85.4% of tokens already sold.

Investors holding PLX tokens enjoy various benefits, including passive income through staking, trading fee discounts of up to 60%, and exclusive rewards derived from the platform’s daily revenue.

Should you invest in Pullix? Evaluating the prospects

As Pullix gains momentum in its presale, investors may wonder whether it’s a worthwhile addition to their portfolios. Maybe the platform’s commitment to transparency, a crypto deposit-only system, and no KYC requirements could be a consideration when thinking about whether or not to invest in it.

In addition, staking PLX offers a chance for users to earn passive income, and the innovative buy-back and burn mechanism creates scarcity, potentially driving up token value.

However, as with any investment, investors must conduct thorough research, considering the risks and rewards involved especially with the highly volatile cryptocurrency market.

The post IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange appeared first on CoinJournal.

• Galaxy Digital CEO predicts Bitcoin ETF approval by Jan 10, citing market dynamics and SEC urgency.
• Everlodge disrupts real estate with blockchain and fractional ownership.
• Everlodge’s ELDG token features discounts, rewards, and staking; the Beta presale stage attracts investor attention.

Galaxy Digital CEO Michael Novogratz’s recent insights into the highly anticipated Bitcoin ETF approval set the stage for a dynamic landscape for Bitcoin (BTC) and the entire crypto market.

As Bitcoin continues to make waves, Everlodge, a unique property marketplace, enters the fray with an innovative approach to fractional vacation home ownership. This article delves into Novogratz’s predictions, the significance of January 10th, and why the Everlodge presale is capturing attention as a promising investment opportunity.

Bitcoin ETF approval anticipation 

Michael Novogratz, the CEO of Galaxy Digital, has sparked excitement in the cryptocurrency community with his bold prediction regarding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). In a recent CNBC interview, Novogratz pointed out Bitcoin’s remarkable 150% surge over the past year, attributing this bullish trend to the Federal Reserve’s dovish stance.

The anticipation revolves around the critical date of January 10th, a potential deadline with legal implications. Novogratz confidently stated, “We’re gonna get this ETF before Jan. 10.” He underscored the urgency tied to SEC Chair Gary Gensler and potential legal repercussions involving Grayscale, adding a layer of significance to this anticipated milestone.

„The Fed’s pivot is really important. That press conference was as dovish as anybody expected and the markets are behaving that way,“ says @Novogratz. „#Crypto likes it. We are going to get this ETF before January 10.“ pic.twitter.com/Tu7uSHiPcV

— Squawk Box (@SquawkCNBC) December 19, 2023

Everlodge: revolutionizing fractional vacation home ownership

Transitioning from the dynamic Bitcoin landscape, Everlodge emerges as a disruptive force in the real estate market.

Everlodge positions itself as a property marketplace that allows users to fractionally invest in hotels, vacation homes, and luxury villas, leveraging blockchain technology. What sets Everlodge apart is its integration of fractional vacation home ownership, timeshare, and NFT technology, creating a unique amalgamation of traditional and cutting-edge approaches. It digitizes and fractionalizes real estate, allowing users to invest in smaller amounts while enjoying the potential for value appreciation.

Everlodge is currently in the presale stage of its native token, EDLG, which has become a focal point for investors seeking diverse investment opportunities. The EDLG presale, currently in its Beta stage, offers a unique chance to get involved in the world’s first property marketplace for fractional vacation home ownership.

The ELDG token offers holders discounts on property purchases, rewards in the form of free nightly stays, and staking opportunities for fixed monthly interest. The Everlodge ecosystem, comprising a marketplace, launchpad, rewards club, and lending platform, adds layers of utility to the token.

Conclusion

Novogratz’s optimism extends to the regulatory front. While acknowledging hurdles posed by certain politicians and corporate leaders, including Elizabeth Warren and the Biden White House, he sees potential progress through a bipartisan group.

The convergence of Galaxy Digital’s Bitcoin ETF predictions and Everlodge’s groundbreaking approach to property ownership sets the stage for a dynamic period in the financial and real estate markets. Investors and enthusiasts alike are navigating this landscape with cautious optimism, looking towards January 10th and beyond.

The post Galaxy Digital CEO predicts Bitcoin ETF approval by January 10 as Everlodge tokenizes real estate appeared first on CoinJournal.