Kategorie: Crypto Analysis

Key takeaways

• Bitcoin has been trading above the $65k level as the broader market stagnates.
• Bitbot has unveiled its Mini App UI to simplify DeFi trading for users

Bitcoin stays above $65k as market stagnates

Bitcoin, the leading cryptocurrency by market cap, has been underperforming over the last seven days. It has lost more than 3% of its value in the last seven days and is currently trading above $65k per coin. 

The poor performance comes as whales sold over $1 billion worth of Bitcoins over the last few days. Altcoins have also been underperforming in recent days, with the total crypto market cap now below $2.4 trillion.

What is Bitbot?

The crypto market is still consolidating but new projects continue to roll out excellent products to their users. Bitbot is one of the new projects that has been unveiling exciting products and services. 

Bitbot raised more than $4 million from investors and is using the funds to launch products for traders on Telegram. This Web3 project seeks to bring unique value propositions to traders in the cryptocurrency space. 

It is a self-custodial Telegram trading bot that allows users to trade via their cold wallets on the app. Bitbot users will enjoy certain features available only to institutional investors, making it easier for traders to grow their trading portfolios.

Bitbot unveils its Mini App UI

With its presale now over, Bitbot is focusing on launching its products and listing its token on crypto exchanges. 

In their recent X post, the Bitbot team unveiled their Mini App UI as one of the features available at launch and is crafted with user-friendliness at its core. This intuitive interface simplifies DeFi trading, making it accessible for newcomers.

Bitbot added that with a clean, responsive, and easy-to-navigate design, all users can fully leverage Bitbot’s capabilities without facing a steep learning curve.

The launch of the Mini App UI comes roughly two weeks after Bitbot unveiled its staking feature. With the staking feature, users who claim their tokens through the bot can stake them and earn a competitive Anual Percentage Yield.

Bitbot is also working on other security features such as Knightsafe, a solution that would help mitigate the typical risks associated with Telegram trading. The integration of anti-MEV and anti-rug solutions will further help users protect their assets. 

The team also revealed some of the funds raised in the presale are already being directed towards integrating Ultra-flexible wallet management fuelled by non-custodial API technology. 

Bitbot raised over $4m in presale

The Bitbot presale was successful, with the team raising over $4 million.  In addition to developing its products, Bitbot is also currently working on the formation of its team, smart contract development, community formation, marketing drive, and alpha testing.

The team will proceed to get $BITBOT listed on crypto exchanges once these steps are concluded, with top influencer partnerships, and its Telegram Bot launch to come afterwards. 

Per the whitepaper, the Bitbot development team will hold 20% of the total token supply and use it to fund ongoing development. An additional 14% is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

Why buy the Bitbot token?

The presale is over and purchasing $BITBOT will only be possible once the token launches on crypto exchanges. It is tough to determine the listing price as token prices are usually volatile once they launch on crypto exchanges.

However, Bitbot could gain massive adoption if the team rolls out its products and services. The unique trading features Bitbot seeks to offer could make the project and it’s token a big winner in this current bullish cycle.

The post Bitcoin stays above $65k as Bitbot unveils its Mini App UI appeared first on CoinJournal.

Empowering Developers with Efficient, Cost-Effective Tools for Building Data-Powered applications on Stellar

ZettaBlock, an industry-leading, institutional-grade Web3 data infrastructure platform, is proud to announce a new collaboration with the Stellar Development Foundation, the organization that supports the development and growth of the Stellar network, known for facilitating open and accessible financial transactions. This integration is set to redefine the landscape of blockchain development, offering a streamlined path for developers to create not just any Web3 application, but powerful data-driven applications on Stellar, with ease and efficiency.

ZettaBlock and the Stellar Development Foundation are joining forces with a shared goal: to make the blockchain space more accessible and powerful for developers and to open up new possibilities for how financial systems can operate globally. This is about providing the tools and support needed to create applications that are not just scalable and secure, but also truly efficient.

“SDF is excited to work with ZettaBlock in giving our community more intelligence tools to build best-in-class dapps,” said Justin Rice, VP of Ecosystem of the Stellar Development Foundation. “We’re committed to making Stellar the highest quality network for developers to build on, and this integration with ZettaBlock furthers this initiative.”

By leveraging ZettaBlock’s advanced indexing, real-time data, and analytics capabilities alongside Stellar’s robust network for financial transactions, this integration promises to revolutionize the way developers build and deploy dapps.

Developers now have access to a fully managed backend, with rich, actionable on-chain data –  both historical and real-time – but also the ability to seamlessly integrate with private data sources. ZettaBlock empowers developers to swiftly create custom APIs tailored to their specific business needs or dapp logic. With the ability to generate GraphQL endpoints from SQL queries in one click, without the burden of infrastructure overhead, developers can now bring their innovative dapps to the Stellar ecosystem more than 90% faster. 

“We’re thrilled to join forces with Stellar,” said Chi Zhang, CEO and Co-Founder of ZettaBlock. “This collaboration mirrors our mutual dedication to unlocking the full potential of blockchain data for everyone. We’re excited to see the innovative applications that developers on Stellar will create using our comprehensive data platform.”

Get Started with ZettaBlock and Stellar: Build powerful, data-driven applications on Stellar using ZettaBlock’s advanced tools, or discover how our integration can revolutionize your business. Visit app.zettablock.com to get started, or zettablock.com to learn more.

About ZettaBlock

ZettaBlock is an institutional-grade, full-stack Web3 data platform for indexing, querying, and analyzing across 12+ blockchains and 500+ datasets. Our platform makes Web3 data accessible and accelerates the development of scalable Web3 applications with real-time data. Swiftly generate custom GraphQL or REST APIs from SQL queries and incorporate your private off-chain data, empowering your applications with unparalleled scalability and flexibility.

Follow ZettaBlock on Twitter and LinkedIn. 

About Stellar Development Foundation

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain the Stellar codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology. For more information, visit stellar.org/foundation.

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• Political meme coins like MAGA and STRUMP have done well.

• Solciety hopes to be the next big thing in the political meme coin industry.

Meme coins have dominated headlines in the past few months as some of them have grown to become giants in the crypto industry. For example, tokens like Book of Meme (BOME), Dogwifhat (WIF), and Brett have attained over $1 billion in market caps.

Political and celeb-themed meme coins have done well, with the likes of MAGA, Super Trump, MAGA VP, and Baby Trump becoming highly popular among traders. It is against this backdrop that the Soforiety token will be launched on Tuesday.

What is Solciety?

Solciety is a new Solana meme coin that aims to become the next big thing in the crypto industry. 

Its goal is to create a political party of the Degen era. Holders will be part of a new community where users will be able to create their own meme coins through the Meme Campaigner tool. This tool will have have over 200 traits and backgrounds for then to use. 

Solciety hopes to use this model to solve a common challenge that exists in the meme coin industry where they tend to be short-lived. Its longevity will be helped by the fact that the community will be constantly creating content and satirizing events. 

Meme Campaigner will also have other tools. For example, it will help users connect with social media platforms like X. These users will earn a point for every meme that will be shared. The developers also aim to launch an AR platform where users will be able to view their creations layered over the real world.

Therefore, Solciety will be a more advanced meme coin than all political tokens that exists today. For one, unlike MAGA and Jeo Boden, it will not be divine among party lines.

Solciety launch ahead

The next big thing in the Solciety ecosystem will start its 30-day presale on Tuesday. Interested buyers will have a choice to buy the token through various cryptocurrencies like Solana, Ethereum, Binance Coin, cards, and stablecoins like Tether and USD Coin. 

The token’s price will start at $0.000963 and will rise continually during the ten stages of thesale. This means that initial buyers will benefit by buying it cheaper. 

To be clear: it is not guaranteed that the SLCTY token will do well like other popular meme coins like MAGA and Book of Meme. However, recent articles have shown how people have made a fortune by betting on simple cryptocurrencies.

For example, Coindesk reported of a trader who turned $1k into $100k by buying Dogwifhat. Another trader made over $23 million buying a Solana meme coin, according to CoinTelegraph. 

Still, there is also a risk that the token will blow up, which calls for efficient risk management strategies. For example, you should not buy Solciety with funds that you cannot afford to lose. You should also spread your bets across multiple assets. Learn more about Solciety here.

The post Is Solciety the next big thing in political meme tokens? appeared first on CoinJournal.

• Meme coins have a market cap of over $60 billion.

• Tokens like Pepe and Bonk have made many millionaires.

• SolJu could be the next big thing in the meme coin industry.

Meme coins have done well this year, as they outperformed most mainstream coins like Bitcoin, Ether, and Ripple. Some, like Pepe and Book of Meme (BOME) have surged to a record high while the total market cap of all coins has soared to over $60 billion. SolJu, an upcoming Solana meme coin, could be the next big thing in the industry.

Why meme coins soared

There are three main reasons why meme coins have done well this year. First, most of these tokens soared as a sense of greed spread in the market. The fear and greed index has mostly been in the green this year as investors anticipated rate cuts by central banks like the Federal Reserve and the ECB. 

Second, meme coins jumped because of Bitcoin’s performance. Bitcoin, the biggest crypto in the world, jumped to a record high in March as investors cheered the approval of Bitcoin ETFs by the Federal Reserve. Since then, these funds have seen inflows of over 800k Bitcoins and the trend may continue.

The focus now shifts to the upcoming approval of Ethereum ETFs. In a statement last week, Gary Gensler predicted that these approvals will happen later this year. 

Meme coins tend to do well when Bitcoin is thriving because of their cheaper prices. As a result, most investors buy them instead of the highly expensive coins like Bitcoin, Litecoin, and Bitcoin Cash. 

Additionally, the concept of meme trading has rebounded as evidenced by companies like GameStop and AMC. Also, traders are being incentivised to buy meme coins by activities in social media.

SolJu could be the next big thing

Now, focus among meme crypto investors has shifted to SolJu, a new Solana meme coin that will be launched on Tuesday. 

This is a meme coin that has been inspired by the success of Beercoin, a token whose market cap jumped to over $300 million recently. 

Its name is derived from Sol – for Solana – and Soju, a popular South Korean spirit. As such, the hope is that the token will be a social platform where Solju holders will gather and form a makeshift gathering with beer and food. 

SolJu will forego the popular route of a token sale. Instead, the developers are planning a fair sale, where all tokens will be released and then the market discovery will help to determine its value. 

The initial supply of the token will be 100 million tokens while the initial liquidity will be $12,000. The starting price will be $0.00012, giving it room to grow in the coming months.

After the launch, the developers aim to boost its price through exchange listings, games, and partnerships in the crypto community. You can learn more about SolJu here.

The post Missed Pepe and Book of Meme? SolJu could be the next hit appeared first on CoinJournal.

Monero price continued to defy gravity as it surged to its highest point since January 30th. It has surged by over 80% from its lowest level this year, giving it a market cap of over $3.2 billion. The focus among cryptocurrencies is now shifting to the upcoming Federal Reserve interest rates decision and the ongoing ETF inflows.

Monero is defying gravity

Cryptocurrencies wavered on Monday as focus remained on the upcoming Fed decision. Bitcoin held steady below the crucial resistance point at $70,000. Other big cryptocurrencies like Ether and Solana remained in a tight range.

Many altcoins, on the other hand, went through a major sell-off as concerns about the Federal Reserve continued. This sell-off happened after the US published strong jobs numbers on Friday, raising the possibility that the Fed will hold rates steady in this week’s meeting. 

Monero, the biggest privacy coin in the world, was the best-performing token even though there was no major ecosystem news. Notably, the rally continued as Monero formed a golden cross pattern, which happens when the 50-day and 200-day moving averages cross each other. 

In most cases, this is one of the most popular bullish signs in the market. Most importantly, the token has risen above the key resistance level at $180, its highest swing in December last year.

Therefore, there is a likelihood that the bull run will continue in the coming days. If this happens, it will likely surge to the next level at $200. The stop-loss of this trade will be at $170. 

BitBot is seeing strong traction

It is against this backdrop that the BitBot token is gaining more traction in the market a few weeks after it concluded its highly-successful token sale. The developers raised over $4.3 million from investors. 

BitBot’s token sale was highly successful because of what the network is promising. According to its website, the developers are aiming to create the biggest AI-powered Telegram trading bot. 

This is notable because of Telegram’s scale as one of the biggest social media companies in the world with over 900 million users. 

The Telegram bot industry is doing well as demand for trading solutions jump globally. Recent data showed that these bots account to over $164 million worth of tokens every day.

As such, there are signs that it will gain traction because of its emphasis on AI and security. Unlike other Telegram bots, BitBot will be a non-custodial platform, meaning that its developers will not have access to users funds. 

BitBot’s developers are now working on the application. They are also preparing to launch the claiming process for the token. This is a situation where those who bought the tokens will be able to claim them when they start trading. Learn more about BitBot here.

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