Kategorie: Crypto Analysis

Key takeaways

• BTC briefly hit the $90,100 level, reaching a new all-time high.
• Vantard’s presale is now approaching $850k

BTC briefly touches the $90k level

Bitcoin has been rallying since Donald Trump won the United States presidential elections last week. The leading cryptocurrency by market cap briefly hit the $90,100 level on Coinbase before retracing below the $88k mark.

At press time, Bitcoin’s price stands at $87,869. There is a massive sell order for Bitcoin around the $90k region and market analysts believe that BTC could range between $90k-$100k in the near term. 

What is Vantard (VTARD)?

The ongoing rally has seen over $700 billion enter the cryptocurrency market in the last seven days. The growing demand for Bitcoin and other major cryptocurrencies is spilling to upcoming altcoins as investors look to diversify their investments. 

Vantard is one of the projects attracting investor interest. It is the world’s first Solana meme coin index and would help investors leverage the growing $45 billion memecoin market. 

In its whitepaper, the team said its native $VTARD token holders can redeem tokens against the Treasury for their proportional percentage of the underlying assets. Vantard will hold a portfolio of top Solana-based meme coins. 

The project will enable investors to broaden their cryptocurrency investment portfolio. This feature is crucial, given the growing importance of meme coins to the cryptocurrency ecosystem. 

Vantard would allow investors to easily leverage the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Furthermore, the Vantard index will bridge a significant gap in the market as meme coins have outperformed every other crypto sector in recent years. 

Read more about the Vantard project here. 

Vantard’s presale approaches $850k

The Vantard presale is approaching a significant milestone. The team has raised nearly $820k so far. The seed round comes shortly after the project raised $500k in its pre-seed funding round. 

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. The $VTARD tokens are available to investors via the Vantard website. Accepted forms of payment include USDC, USDT, and Ethereum (ETH) coins. 

Vantard is the first meme coin index to track meme coins on the Solana blockchain. This is crucial given Solana’s position as the leading blockchain for meme coins and DeFi protocols. 

Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years.

Vantard eliminates a major challenge for investors by picking out the best meme coin projects on the Solana blockchain. Thus giving investors exposure to the best projects and ensuring they don’t invest in scam meme coins. The index lets users ‘Ride the Memecoin Supercycle.’

Should you buy the $VTARD token now?

The ideal times to buy tokens are during the presale and bear market. With Vantard currently in its presale, investors can invest in this project before it launches on crypto exchanges.

The $VTARD token is sold for $0.00013 per coin. However, the price will increase to $0.00014 per coin in the next stage. 

This year, the crypto market welcomed spot Bitcoin and Ethereum ETFs, attracting billions of dollars in institutional investment. Meme coins are attracting interest from investors, and memecoin indices could become very attractive.

As the first Solana meme coin index, Vantard could become one of the top-performing cryptocurrencies in this bullish cycle.

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Cryptocurrency prices jumped sharply as Bitcoin moved close to the important resistance point at $80,000. Other cryptocurrencies like Cardano (ADA), Hamster Kombat (HMSTR), and Catizen (CATI) have all surged by double digits. The market cap of all coins has jumped to over $2.7 trillion. This article looks at top coins like Vantard (VTARD), Cardano, and Hamster Kombat.

Hamster Kombat price forecast

The Hamster Kombat token price has surged hard in the past few days, ending the recent bear market. This rebound happened after the coin formed a falling wedge chart pattern, a popular bullish signs in the market.

The Hamster Kombat token has moved above the 25-period and 50-period Exponential Moving Averages (EMA). Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards. 

Therefore, the token will continue rising as bulls target the key resistance level at $0.01, which is about 77% above the current level. A drop below the key support level at $0.0040 will point to more downside to the key support at $0.002.

Cardano price prediction

The daily chart shows that the ADA price has surged hard in the past few days. It has risen in the past six consecutive days, reaching its highest level since April 9 of this year. It has crossed the important resistance point at the 50% Fibonacci Retracement level.

Cardano has formed a golden cross pattern as the 200-day and 50-day moving averages have formed a golden cross pattern. Also, the MACD, Relative Strength Index (RSI), and the Stochastic Oscillators have all moved to their overbought levels. 

Therefore, the Cardano price will likely continue rising as bulls target the key resistance point at $1.

Vantard token sale continues

Vantard, an upcoming Vanguard-themed coin, has become one of the best-performing token sales of the year. In less than three weeks, the token is on track to raise over $1 million from investors.

Vantard’s token sale has attracted thousands of investors who believe that it could be the next big thing in the crypto industry. For one, it is a coin that aims to replicate the success made by most meme coins, which have continued to outperform the likes of Bitcoin and Ethereum.

There are a few important catalysts that could do better when it launches its airdrop in the next few months. 

First, most meme coins are expected to keep soaring during this meme coin rally. Second, Donald Trump is expected to implement friendly policies that will support the cryptocurrency industry.

Third, Vantard will do well because of the Federal Reserve, which is expected to continue cutting interest rates in 2025. It has already slashed rates two times – by 0.75% -, a move that will make it better for investors to allocate cash to meme coins. You can buy Vantard token here.

The post Crypto price predictions: Vantard, Cardano, Hamster Kombat appeared first on CoinJournal.

Cardano and IOTA, two of the best-known players in the crypto industry, have underperformed the market over time as they evolved into ghost chains. A ghost chain is a blockchain whose coin is popular, but one that lacks a supportive ecosystem. 

Cardano and IOTA are ghost chains

Cardano is a layer-1 blockchain that became popular in 2021 as a good alternative to Ethereum, which was a proof-of-work network at the time. Its popularity was partly because it was promoted as a peer-reviewed chain that would become a disruptive force in the industry.

Years later, Cardano has no major developers working in its blockchain. For example, there are no popular decentralized exchanges (DEXes) and lending protocols. It has a total value locked (TVL) of less than $350 million. In contrast, newer blockchain networks like Base and Sui have attracted over $1 billion in assets. 

IOTA, on the other hand, became popular for its insistence that it was not a blockchain network. Instead, it is a distributed ledger technology that uses a technology known as tangle. 

IOTA launched Shimmer, its EVM-enabled blockchain network in 2023 with a lot of hype. Many months later, it has also not attracted major developers. 

Therefore, many investors have abandoned ADA and IOTA as their prices have continued to underperform the market. Cardano price has crashed by 60% from its highest level this year, while IOTA has plunged by 75%.

Traders flock to Vantard

At the same time, traders are flocking to Vantard, an upcoming meme coin fund token that is in its presale stage.

Data on its website shows that the developers have now raised $808,240 tokens in less than three weeks. This trend makes it one of the best performing token sales this year. 

The idea of a meme coin index fund is inspired by Vanguard’s success. For over three decades, Vanguard has become a financial juggernaut with over $8 trillion in assets. Most of these funds are made up of mutual funds and exchange-traded funds that track either stocks or bonds.

Vantard hopes to create a fund made up of the top-performing meme coins in the industry. It is based on the view that meme coins do better than other traditional cryptocurrencies, especially during bull markets.

Some of the most notable performers were cryptocurrencies like Popcat, MICHI, Fwog, Gigachad, and Moo Deng. 

Vantard’s performance will also be influenced by the ongoing interest rate cuts by the Federal Reserve. Analysts expect the Fed to slash interest rates by 0.25% on Wednesday this week. It will also hint that it will deliver more cuts in the coming meetingss.

Bitcoin and meme coins like Vantard thrive when the Fed is cutting rates. You can learn more about Vantard and buy the VTARD token here.

The post Traders dump Cardano and IOTA as they move to Vantard appeared first on CoinJournal.

The crypto fear and greed index continued falling, reaching its neutral zone of 56, as most coins retreated. 

Bitcoin moved to $68,000, much lower than this month’s high of $73,500. Similarly, Ethereum token fell to $2,400, while the total market cap of all cryptocurrencies dropped to $2.28 trillion. 

Some of the worst-performing coins were Grass, Solana, Goat, and Sui, which have dropped by almost 10% in the past few months. In most periods, cryptocurrencies drop when the fear and greed index moves to the fear zone.

Trump odds fall

These coins have dropped as investors anticipate for the upcoming US general election, which could determine regulations in the coming years.

Most cryptocurrency investors favor a Donald Trump victory because he is one of them. He owns a crypto portfolio worth over $6 million and has pledged to become a crypto-friendly president. Polls show that the election is close in most swing states, making it more difficult to predict. 

Polymarket, the biggest player in the prediction market, shows that Donald Trump has higher chance of winning the election, with a 55% chance. While this is a big number, it is also lower than last week’s high of 67%, meaning that his odds are falling.

Therefore, the ongoing crypto weakness is a sign that investors are afraid that Harris could win the election. This also explains why the Trump Media & Technology (DJT) stock has plummeted in the past few days. Similarly, Trump-themed coins like MAGA, TRUMP, and DJT have plunged by double-digits.

In addition to the US election, cryptocurrencies will react to the upcoming Federal Reserve interest rate decision, in which officials are expected to cut interest rates by 0.25% after it slashed them by 0.50% in the last meeting. In most periods, cryptocurrencies do well when the Fed is cutting rates.

Read more: Traders turn to this first-of-its-kind Meme Portfolio as markets falter ahead of US elections

Vantard coin offering is doing well

Not all cryptocurrencies are struggling. Vantard, a Vanguard-inspired project is firing on all cylinders as its token sale accelerates. 

The project has already raised over $304,000 from investors, and could become the best-performing ICO of this year.

Vantard is doing well because of its promise to create a meme coin index fund. Historically, while most meme coins don’t have any utility, they have a long record of beating popular coins like Chainlink, Solana, and Binance Coin. 

Some of the most popular meme coins to watch are the likes of Popcat, Dogwifhat, GOAT, and Brett have done well this year. They have soared by more than 1,000% this year, which has brought their total market cap to over $60 billion.

Vantard is inspired by Vanguard, a company that has become an eight-trillion juggernaut, mostly because of its ETFs and mutual funds. For example, the Vanguard S&P 500 index (VOO) has accumulated over $500 billion in assets, a figure that has continued growing in the past few months. 

Vantard’s top tokens will be $VTARD, which will be made of a basket of popular cryptocurrencies. Holders of the tokens will be able to redeem it against the Treasury. 

Therefore, the Vantard token could continue doing well when the Federal Reserve continue cutting interest rates in the coming months. It will also benefit from the stability brought with the end of the election and the Santa Claus Rally. Find more on Vantard here.

The post Crypto fear and greed index dive as focus shifts to Vantard appeared first on CoinJournal.

• Michael Saylor announced plans to raise funds to buy Bitcoin by issuing and selling $21 billion worth of MicroStrategy shares.
• The equity raise is part of a larger plan to raise $42 billion for Bitcoin purchases over the next three years.
• The at-the-market equity offering will dilute current shares by 42% of their capitalisation, which currently stands at $50 billion.

Michael Saylor, co-founder and Chairman of MicroStrategy, announced plans to raise $21 billion to buy more Bitcoin by offering more MSTR shares at prevailing market prices. The amount of shares issued would dilute the value of existing shares held by current shareholders.

Usually, this level of dilution would lead to a significant discount in stock price to retain the same overall value, which is manifest by a fall in stock prices.

However, MicroStrategy’s stock price has not fallen significantly since the announcement, due largely to its cohort of shareholders, the performance of its stock since 202, and its Bitcoin holding.

An overview of MicroStrategy’s Bitcoin purchases

MicroStrategy began buying Bitcoin in 2020, at a time when adding Bitcoin to corporate balance sheets was not as accepted as it is today. Over the last four years, the company has issued corporate debt notes to fund its Bitcoin purchases and currently holds 252,220 Bitcoin (roughly 1% of the total Bitcoins supply) worth roughly $17.6 billion.

The company’s most recent purchase was in September 2024, when it bought 7,420 Bitcoin at an average price of $61,750 per BTC, totalling $458.2 million, which it raised by offering senior debt notes.

Shareholders hope despite dilution concerns

MicroStrategy is in a unique position because the size of its Bitcoin holdings creates a correlation between Bitcoin’s price performance and that of its stock. With each major Bitcoin purchase, MSTR moves closer to being a quasi-Bitcoin spot ETF.

However, the total cost of MicroStrategy’s Bitcoin purchases hovers around $9.9 billion while the current value of the company’s holding is 95% higher than the cost price, a performance that has fueled the company’s stock rally.

MSTR, which traded around $13 in 2020 when MicroStrategy began its Bitcoin buying strategy, is currently trading at $244.50. The share price has grown 250% this year alone, outpacing Bitcoin’s 60% performance.

MicroStrategy’s capital plans and Saylor’s projections

Michel Saylor’s plan to buy $42 billion worth of Bitcoin over the next three years, fueled by a $21 billion equity raise and debt notes, could increase the company’s Bitcoin holdings by threefold, depending on the average buy price.

Saylor expects Bitcoin to reach between $3 million and $49 million in the next 20 years and is therefore building MicroStrategy into a Bitcoin bank.

Bitcoin trades at $70,105 as of publishing after recently testing the all-time highs of $73,000 reached in March 2024.

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