Kategorie: Crypto Analysis

Key takeaways

• Bitcoin traded above $59k earlier today and could reach the $60k psychological level soon.
• Tequila’s presale commences today as investors eye the next Solana meme coin.

Bitcoin targets $60k

The cryptocurrency market suffered huge losses last week but is slowly recovering. Bitcoin, the leading digital currency by market cap, briefly touched the $59,200 level earlier and now trades at $59,003 per coin. 

The major catalyst behind this positive performance is the increased inflow in spot Bitcoin exchange-traded funds (ETFs) in the United States. Furthermore, the US Federal Reserve chairman Jerome Powell also discussed the possibility of interest rate cuts this year while addressing the Congress on Tuesday. 

Tequila (JULIO)’s presale commences today

Tequila’s presale launch coincides with this week’s market recovery, with institutional investors pouring funds into spot Bitcoin ETFs and other asset classes. The $JULIO token will launch on the Solana blockchain thanks to the network’s speed, transparency, and other unique qualities.

According to the development team, Tequila is Mexico’s gift to the world from the agave fields of Jalisco. Its $JULIO harmonises the unending fun of tequila-fueled nights with the upside of a memecoin. With $JULION, investors will own a token combining tequila’s allure, one of the world’s most popular distilled liquors, with the excitement of meme coins.

The project has several stages, with the first phase launching today. The phases are Agave Plating, Distillation, Aging, and Bottling. Each phase contains milestones that the team intends to achieve. 

The various Tequila phases

As stated above, Tequila (JULIO) has several phases, with the first phase launching today. Tequila seeks to establish a strong foundation within the crypto community and get listed on CoinMarketCap and CoinGecko. 

The Agave Plating includes the $JULIO fair launch (which commences today), marketing push, and listing on CoinMarketCap and CoinGecko. In the distillation stage, $JULIO will be listed on centralised cryptocurrency exchanges. However, the team is yet to reveal the crypto exchanges its token will initially launch. 

The Aging phase of Tequila’s roadmap includes listing on tier-1 centralised exchanges and its Tequila-themed parties. Bottling is the last phase and comprises Tequila’s Meme utility, the launch of $JULIO on Layer-3, and the creation of Tequila spirit with payments exclusively made in $JULIO. 

In terms of tokenomics, there would be a total of 100 million $JULIO tokens. 90% of the tokens would be available for public acquisition and the remaining 10% for marketing activities. The initial liquidity and starting price will be decided at a later date. 

Tequila’s launch comes at a time when there is high interest in meme coins, especially Solana-based meme coins. With its unique value proposition, Tequila could quickly become one of the leading meme coins on the Solana blockchain. 

Read more about the Tequila project here. 

Is $JULIO worth your investment?

The best time to buy tokens at a discount price is during their presale. With the explosion of meme coins, this could be the perfect opportunity to buy $JULIO tokens at a low price. 

Tequila wants to become a leading meme coin by introducing a fresh perspective with its thematic approach. With the right level of adoption in the market, $JULIO could be amongst the top winners in the current bull cycle.

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• Solana meme coins have done well and gained market share this year.

• Developers have turned to Solana because of its faster speeds and low costs.

• Tequila (JULIO) hopes to become the next big thing in the meme coin industry.

Solana meme coins have done well this year as they became the biggest competitors to Ethereum ones like Pepe and Shiba Inu. Dogwifhat (WIF) has become the fourth-biggest meme coin in the world while Bonk and Book of Meme have continued to gain market share. 

More Solana meme coins are being launched to take advantage of this trend. One of the most anticipated ones is known as Tequila (JULIO), whose fair launch will happen on July 10th. 

Why Solana meme coins have done well

Solana meme coins have become the best-performing assets in the crypto industry this year. That happened as Solana became the best alternative to Ethereum’s ecosystem. 

There are three main reasons for this. First, Solana is known for its quicker transaction speeds compared to Ethereum and BNB Chain. Solana can handle over 2,000 transactions per second (TPS) while Ethereum handles less than 50. 

Second, Solana is known for its scalability sincer it is designed to scale with Moore’s Law, which implies that it does well as the computing industry improves. 

Third, Solana has substantially lower costs than Ethereum and other popular layer-1 networks. It handles many transactions for just cents. A good example of this is in its total fees this year. While Ethereum has collected over $1.4 billion in fees this year, Solana has made less than $300 million.

Further, there is a lot of hype surrounding the success of Solana dApps this year. For example, decentralized exchanges (DEX) like Raydium, Jupiter, and Orca have constantly moved into the top ten of the biggest DEX networks in the industry. Also, Solana meme coins have made more headlines this year.

Tequila hopes to be a key Solana meme coin

The past few weeks have seen several drink-related tokens on Solana’s ecosystem. Beercoin and Water did not do well as insiders dumped the tokens shortly after launch, leading to substantially losses. 

Tequila, which is a popular drink that originated from Mexico, hopes that it will become the biggest drink-themed token on Solana’s ecosystem. This is notable because of the role that tequila plays in the drinks industry. In 2023, Mexico shipped over 400 million liters and made over $32 billion in revenue.

Tequila will not have a typical token sale. Instead, it will have a fair launch on July 10th. A fair launch is where all tokens are issued instantly. After that, the developers hope to launch its marketing push and listings on key platforms like CoinMarketCap and CoinGecko.

This process will be followed by the listings on key centralized exchanges and the launch of tequila-themed parties. In the future, the developers will work to launch the utility features of the JULIO token, including its layer 3 networks. You can learn about Tequila (JULIO) here.

The post Traders eye the next Solana meme coin: Tequila (JULIO) appeared first on CoinJournal.

• Cryptocurrency prices have retreated sharply in the past few weeks. 

• Bitcoin has crashed below $60,000 and formed a double-top pattern.

• Poodlana aims to become the next big thing in the crypto industry.

The crypto industry has faced substantial headwinds in the past few weeks. Bitcoin has moved to a bear market while most tokens have dropped by double digits from their highest levels this year. Despite this price action, there are signs that Poodlana, an upcoming Solana meme coin will be the next big thing in the crypto industry.

Why cryptocurrencies have dropped

There are a few reasons why Bitcoin and other altcoins have dropped recently. First, we have had no major news in the industry since April when the Bitcoin halving happened. As a result, there have been fears that a new crypto winter is happening, which explains why the fear and greed index has moved to the fear zone. 

Second, the Securities and Exchange Commission (SEC) is yet to approve a spot Ethereum ETF, which is seen as an important catalyst for the industry. Still, there are signs that the agency will do this approval in the next few months. 

Third, these coins have jumped amid supply and demand dynamics. Bitcoin supply has reduced sharply in the past few months because of the halving event. However, there are signs that supply increased from other areas. For example, the German government has continued depositing coins in exchanges, which happens before liquidation. 

Further, Mt. Gox has continued to move coins to wallets. Altogether, the German government and Mt.Gox could bring Bitcoin worth billions of dollars to the market. In a statement last week, Justin Sun offered to buy Bitcoins from the German government though it is unclear whether it will accept the offer.

There are other reasons why this crash has happened. Technically, Bitcoin has formed a double-top pattern, which is a popular bearish sign.

The case for Poodlana

Despite these issues, there are signs that Poodlana, an upcoming Solana meme coin, will be the next big thing in the crypto industry. 

Poodlana, which is derived from the term poodle, a popular Japanese dog breed, aim to be the Solana alternative to other dog meme coins like Floki, Dogecoin, and Shiba Inu.

The developers will start its 30-day token sale on July 17th, which will be followed by a DEX listing. Unlike other token sales, Poodlana’s sale will move to Raydium and other Solana DEX platforms 60 minutes after the sale ends. 

There are a few reasons why Poodlana could be a big meme coin. First, there are signs that dog-themed tokens are doing well. Recently, a token known as Billy, has accumulated a market cap of over $117 million. 

Myro, another Solana meme coin, has had over $109 million in market cap while Brett and Dogwifhat are valued at  $1.17 billion and $4 billion, respectively.

Poodlana will likely join them because of poodles popularity in key Asian markets like South Korea, Japan, and China. 

Further, the developers are planning numerous activities to boost its value. Some of these growth strategies are a marketing blitz, a staking platform, and exclusive airdrops to holders. You can learn more about Poodlana here.

The post Could Poodlana become the next big meme coin? appeared first on CoinJournal.

Italian cryptocurrency wallet provider, Conio, has announced a new open banking partnership with Mesh Connect, a digital asset integration platform headquartered in the US.

The partnership will allow Conio’s 430,000 users to access ten leading cryptocurrency exchanges directly through the Conio app. This integration eliminates the need for cumbersome processes such as scanning QR codes for transactions. Utilizing open banking technology, a single Mesh Connect account can authenticate users across more than 300 centralized crypto exchanges and self-custody wallets, significantly simplifying the crypto trading and management process.

Founded in 2015, Conio is backed by Poste Italiane, Banca Finint, B Heroes, and Banca Generali Private. The crypto wallet provider has raised a total of $20.5 million, most recently a $14 million Series B led by Banca Generali.

Mesh Connect, founded in 2020 and headquartered in San Francisco, was previously known as Front Financial. It’s backed by a number of prominent investment firms, including Plug and Play Ventures, PayPal Ventures, Samsung Next, and Rembrandt Venture Partners. Its most recent funding was a $22 million Series A, which it closed in January 2024, bringing its total fundraising to $32 million.

Announcing this new open banking partnership, Bam Azizi, Founder and CEO of Mesh, said:

“Open banking is Europe’s next major catalyst for digital asset adoption, and with our partnership with Conio, we are deploying the infrastructure to make safe and seamless aggregation and crypto transfers possible for hundreds of thousands of users in the region.”

Christian Miccoli, CEO and founder of Conio, added:

“Our mission is to make the world of digital assets accessible and secure for everyone. This collaboration with Mesh is a crucial step towards consolidating an integrated ecosystem that simplifies the use of secure custody solutions like Conio’s. We are excited to offer our users a unique platform for managing their assets, combining security, simplicity, and direct access to leading exchange platforms.”

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• Crypto cards offer lower fees, stability, and exclusive discounts for travelers.
• Many crypto cards also provide rewards, cashback, and enhanced security for global travelers.
• The Mountain Wolf crypto card features a secure multi-currency wallet and instant payments.

A growing number of travelers are favoring cryptocurrency cards over traditional travel money cards, according to new trend data, with these growing crypto adoption rates driven in large part by travelers under the age of 35. 

With the allure of lower transaction fees, enhanced security, and exclusive discounts, crypto cards are increasingly revolutionizing how people manage their finances both at home and abroad. 

In this article, we delve into the benefits of using crypto cards for travel and highlight the rise of platforms like Mountain Wolf, which are leading the charge in this digital payment transformation.

The rise of crypto cards in travel

As technology evolves, traveling in 2024 has become increasingly digital, and cryptocurrency is at the forefront of this shift. 

Traditional travel money cards, while still popular, are losing ground to the more innovative and cost-effective crypto cards. 

In fact, Google Trends data reveals that demand for crypto cards surpassed demand for currency cards for the first time ever in the spring and summer of 2021, and that trend could be set to recur in the upcoming summer vacation period. 

One of the primary reasons for this shift is the significant reduction in transaction fees. Traditional credit and debit cards often incur high fees and unfavorable exchange rates when used abroad. 

In contrast, cryptocurrency operates on a decentralized system with much lower transaction fees. For instance, Bitcoin and Ethereum transactions generally have lower fees compared to international credit card transactions, making them a more economical choice for travelers.

Moreover, crypto cards offer protection against currency fluctuations, a feature particularly appealing in regions with volatile currencies. 

By using stablecoins like USDT or USDC, travelers can avoid the risks associated with sudden exchange rate changes, ensuring better control over their travel budget. This stability is a significant advantage over traditional travel money cards, which are subject to the whims of the foreign exchange market.

Another compelling reason for the growing preference for crypto cards is the exclusive discounts offered by many travel agencies and service providers. Platforms like Travala, a blockchain-based travel booking service, provide discounts on hotels, flights, and activities when paid with cryptocurrencies. 

For example, using Travala’s native cryptocurrency (AVA) can grant an additional 3% discount on bookings. Such incentives and the increasing number of crypto cards make crypto cards an attractive option for savvy travelers looking to maximize their savings.

Mountain Wolf’s crypto card among the most preferred by travelers

Amid the rise of the use of cryptocurrency cards in traveling, Mountain Wolf is among the crypto platforms leading the charge in integrating cryptocurrency into travel. Their crypto card stands out for its multi-currency wallet, which securely houses both FIAT and crypto assets. 

This feature alone offers unparalleled convenience for travelers who no longer need to juggle multiple cards or worry about currency conversions.

The Mountain Wolf crypto card allows for seamless digital payments worldwide, including payrolls, e-commerce, and ATM withdrawals. A unique feature, “Send-Wolf,” ensures instant payments between Mountain Wolf accounts, streamlining the transaction process. 

Furthermore, for those keen on trading, Mountain Wolf provides a user-friendly crypto exchange with competitive rates and swift execution, further enhancing the travel experience.

In addition to lower transaction fees, Mountain Wolf’s crypto card offers various payment options, including SEPA, SWIFT, and Vouchers, providing flexibility for its users. The platform is also committed to expanding its portfolio of currencies, products, and services, continually enhancing its value proposition.

Security is another cornerstone of Mountain Wolf’s offering. The platform employs powerful identity verification systems, gold-standard wallet custody, blockchain analytics, and multi-layer security, ensuring users’ assets and data remain protected. This level of security and transparency reduces the risk of fraud and hidden charges, providing travelers with peace of mind.

Conclusion

The growing acceptance of cryptocurrency worldwide further underscores the benefits of using crypto cards for travel. 

As of 2023, travelers from the USA made 103.4 million outbound visits, with the UK welcoming 4.6 million American travelers according to market research done by VisitBritain. These travelers spent a total of £6 billion, with an average spend of £1,300 per person. 

With such significant travel activity, the cost-saving advantages of crypto cards become even more apparent.

Crypto cards also offer rewards programs and cashback on travel-related expenses including purchases and travel bookings, which can be redeemed for future travel expenses. This added benefit makes crypto cards not only practical but also a financially rewarding choice for modern travelers.

In a nutshell, with the growing acceptance and technological advancements, crypto cards are set to become the preferred choice for travel payments, marking a significant shift in how we manage our finances on the go.

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