Kategorie: Crypto Analysis

• BlastUP recently concluded its presale, raising more than $8 million.
• BlastUP’s impressive raise marks the first milestone for the community-backed launchpad project on the Blast blockchain.
• Upcoming launches of Blastboxes V2, airdrops and other exclusive offers has the BlastUP community abuzz as the crypto industry braces for a fresh bull run.

BlastUP, a new launchpad platform on the Blast blockchain, raised over $8 million in its recently concluded BLP token presale.

According to details shared with CoinJournal, the BlastUP presale launched in February and ended on May 31. The presale offered 20% of the total supply of 1 billion BLP to early buyers.

BlastUP managed to secure a total of $8,095,148 from nearly 20,000 participants, the team added in a post shared on X.

“It has been an incredible journey for us! The amount we raised is extraordinary for the Blast L2 Ecosystem. Thank you for your unwavering dedication, encouragement, and belief in our vision. We couldn’t have done it without you,” the BlastUP team said, acknowledging the community’s support.

BlastUP token launch soon

BlastUP has gained a lot of attention within the Blast ecosystem, because it offers a novel mechanism for startups to secure early-stage investments, while enabling BLP holders to invest in these startups. 

BLP is BlastUP’s native utility token, which holders can use to invest in new startups via tiered IDO launches. BlastUP token holders can also earn up to 12% APR in staking rewards, and tap into other incentive programs and loyalty rewards.

Proving the success of this model, BlastUP has also seen three successful IDOs launch on the platform:

• CYBRO, an AI-powered yield aggregator on Blast, managed an impressive $150,000 in less than a week
• GameFi platform Petobots raced to a $75,000 raise in four days 
• JuicyBet, a Web3 multi-chain platform for GambleFi, netted $50,000 in just two days.

As the Blast ecosystem looks forward to the Token Generation Event (TGE), there’s growing excitement around what’s next for BLP.

Some users see BlastUP’s recent announcement for initiatives such as the launch of Blastboxes V2 and airdrop campaigns as fresh opportunities to acquire $BLP at an advantageous rate.

An upbeat Blast ecosystem community may also view this as a golden opportunity for those likely to have missed the BLP presale.

Growth across crypto

BlastUP’s impressive presale raise comes amid a fresh buzz around crypto as Bitcoin jumped to above $71k again. Memecoins have also been on a tear, while the biggest gainer among the top altcoins today was BNB.

Elsewhere, the AI space continues to attract attention amid major developments from tech giants Google, Microsoft and chipmaker Nvidia.

The post BlastUP presale ends with over $8 million raised appeared first on CoinJournal.

Key takeaways

• Bitcoin is trading above $69k once again and is now targeting the $70k psychological level. 
• Piggy Bankster is scheduled to launch on the Solana blockchain tomorrow

Bitcoin targets $70k

The cryptocurrency market is having a positive start to the week, with BTC and other major altcoins performing well. At press time, the price of Bitcoin stands at $69,070, up by more than 1% in the last 24 hours.

With the broader market performing well so far, BTC could target the $70k psychological level in the near term. 

Piggy Bankster prepares for launch

The cryptocurrency market has had an excellent run year-to-date, with most coins and tokens up by more than 50% during that period. As more investors troop into the market, exciting projects continue to emerge.

One project that is set to launch on the Solana blockchain this week is Piggy Bankster, a pig gangster-themed meme coin. 

The Piggy Bankster ($PIGS) launch is scheduled for June 4, 2024, and according to the development team it will be designed as a fair launch on the Solana network, allowing investors to acquire the token from the outset without any tiered price increases.

The total supply of Piggy Bankster tokens is set at 100,000,000 $PIGS, with 100% of this supply being allocated to the liquidity pool. The mem ecoin’s initial liquidity stands at $12,000, with a starting price of $0.00012 per $PIGS. 

What is Piggy Bankster? The new Solana meme coin

With the Piggy Bankster launch just a few hours away, now’s the time to find out more about this project. Piggy Bankster is a meme coin on the Solana blockchain. However, while the meme coin space is dominated by Dog, Frog, and Cat characters like Dogecoin, Shiba Inu, Pepe, and Popcat, Piggy Bankster is introducing something fresh to the ecosystem.

It is a pig gangster-themed project represented by a pig nicknamed Piggy Bankster. According to their official website, Piggy Bankster struggled his way out of the slums of Swine City and reached the top of the criminal underworld.

Piggy Bankster is a crime boss who only appears on-chain donning a pin-striped suit. Piggy has, does, and will blast anyone in his way and is notorious for his ruthlessness. The pig values loyalty above all and looks after those who serve him faithfully.

Piggy Bankster’s launch comes at a time when meme coins are experiencing massive adoption in the crypto ecosystem. At the moment, there are seven meme coins in the top 100 list, including Dogecoin, Shiba Inu, Pepe, Book of Meme (BOME), Dogwifhat (WIF), Bonk, and Floki.

Solana has become home to some of the leading meme coins thanks to the network’s speed and transparency. Piggy Bankster is now looking to leverage Solana’s features for its $PIGS token. 

You can learn more about the Piggy Bankster project from their website or follow their social media activities on X and Telegram.

The post Bitcoin eyes $70k as Piggy Bankster launches in 26 hours appeared first on CoinJournal.

• Meme coins have outperformed mainstream cryptocurrencies this year.

• These tokens have attracted substantial hype from investors and traders.

• Piggy Bankster aims to be the next big name in the meme coin industry.

Meme coins have done well this year, outperforming popular cryptocurrencies like Bitcoin, Ethereum, and Cardano. Pepe,  launched in 2023, has soared to a record high, giving it a market cap of over $6 billion. 

Why meme coins soared

Other meme tokens like dogwifhat (WIF), Bonk, Book of Meme (BOME), and Dog Go to The Moon (DOG) have also done well this year. WIF’s market cap has soared to over $3.3 billion while Bonk, BOME, and DOG are valued at over $2 billion. 

Altogether, all meme coins tracked by CoinMarketCap have a market cap of over $63 billion. This makes them bigger than many well-known companies like FedEx, Spotify, Workday, and Monster Beverage among others.

There are several reasons why meme coins have done well this year. First, their performance was driven by key news in the crypto industry. The Securities and Exchange Commission (SEC) approved Bitcoin ETFs in January. Since then, these ETFs hold over $60 billion worth of assets, helped by strong institutional demand.

Second, the agency has recently approved Ethereum ETFs and analysts expect that they will attract billions of dollars in assets when they start trading. This approval means that the SEC could approve other ETFs like Solana, Cardano, and Ripple. 

Third, they rose because of April’s Bitcoin halving, which reduces the number of Bitcoin rewards offered to miners. In most cases, Bitcoin tends to rally ahead and after halving.

Finally, there is hope that the Federal Reserve will start cutting interest rates later this year if inflation continues dropping. Cryptocurrencies and other risk assets do well when the Fed turns dovish. 

Meme coins do better than other cryptocurrencies because of their lower notional value, increased whale activity, and their potential for huge gains.

Piggy Bankster could be the next big thing

Analysts believe that more meme coins will be launched in the coming months as developers seek to benefit from this demand. 

One of the most anticipated meme coins will be Piggy Bankster, whose presale will start on June 4th of this year. 

$PIG will be launched on the Solana network, which has become popular among developers because of its top speeds and low transaction costs. Some of the top Solana meme tokens are Bonk, Book of Meme, and Cat in a Dogs World. 

Piggy Bankster also aims to disrupt the world of animal-themed tokens. This is an industry that started with dogs (Shiba Inu and Dogecoin), cats (Popcat), frogs (Pepe), and chickens (Coq Inu). 

History shows that most animal-themed token pioneers tend to do well as they attract traders’ attention. Therefore, there is a likelihood that the Piggy Bankster token will do well in its token sale and when it starts trading.

Piggy Bankster will have a total supply of 100 million and an initial liquidity of 12,000. The starting price of its presale will be $0.00012. You can learn more about the token on the Piggy Bankster website and follow the updates on X.

The post Missed PEPE and PopCat? Piggy Bankster may be the next big thing appeared first on CoinJournal.

Online gambling is a huge part of the casino world, but there is a small percentage of players who worry about its security — welcome, cryptocurrency casinos. It’s 2024, and although crypto casinos are nothing new, there is a wide range of some of the huge household names now utilizing this form of payment to stay ahead. It used to be that security processes were a major block for many players online, as when you gamble online you are putting your data, funds, and personal information in the hands of the online casino. Luckily, we’re in a new era of technology and the security methods that these brands now use are second to none. 

 If we were to look at the history of online casinos, we would see that traditional platforms struggled to build robust security methods, which left players susceptible to fraud and hackers. However, that fear is one of the past, as all online casinos that are worth playing on have to be regulated and in turn, adopt a fortress-like level of security. It not only puts you as the player in safe hands but offers up a new way of using decentralized funds, that are transparent and completely controlled by you. We’re going to be taking a look at how one of the safest forms of online gambling is evolving, and what measures shape where it’s got to today. Ever worried about online casinos before? Well, you won’t now! 

 Blockchain — what is it?

 

If you were looking for one advancement to thank in this evolving secure digital landscape, then it would most definitely be blockchain. Although to many it sounds unmeasurably confusing, it’s a piece of technology that works wonders in online gambling. Blockchain is a decentralized digital piece of technology that acts as a record sheet for transactions. It is a secure, transparent piece of tech that, in summary, is a digital ledger/database. It stores the transactions in things called blocks, which are then linked by a chain… sounds obvious, right?

 Each and every block that is formed on this digital ledger then contains an individual yet unique cryptographic node that cannot be modified as the chain goes on. Therefore, in summary, as the chain progresses, it becomes inevitably stronger and unable to be hacked or tampered with. It’s also getting more valuable all the time.

 It is the undisputed heavyweight in all security processes and stands as the backbone of anything cryptocurrency-related. 

But how does it keep your information safe in gambling?

 

1. Immutability — This means that it is unable to be changed, ever. When a piece of data has been recorded on the ledger (blockchain), it is then unable to be altered. This creates a transparent record in a casino, showing that all bets have been safely placed and will never be tampered with.
2. Decentralization — Like everything with crypto, when using crypto in a casino, it becomes completely decentralized. This cuts out any third parties such as banks, and therefore reduces potential threats. Although you may think your funds are safe with the central banks, they are far more susceptible to hackers than if they were placed in a virtual crypto wallet — hence why they’re the future of online gambling.
3. Fairer — Above all else, when you’re gambling online, one of the most important requests is fairness. Blockchain makes sure that all the algorithms in a casino’s interface are fully leveled out, meaning that crypto pokies are guaranteed to be treated equally with all their pay-ins, pay-outs, and hand/slot automation. 

 

The future of privacy and transparency

 

Online gambling is only growing exponentially because both crypto and blockchain are putting support in place for its players. Crypto gives the player a whole new level of anonymity, while blockchain dishes up transparent records for safeguarding their data. This opposes the older methods of online casinos, as pre-crypto users would use traditional payment methods that resulted in your data being shared, and potentially hacked. Before crypto was utilized by online casinos, players would have to input a lot more personal data — which would put them at risk of identity fraud. Now, the online player uses a virtual wallet that is decentralized and secure from all threats. 

 The role of cryptocurrency is growing and the future of it is only getting more resilient against security worries. As of early 2024, there are 13,217 cryptocurrencies in existence, with new ones appearing all the time — and this is expected to grow by the end of the year. We’re in an era where technological changes are inevitable, and to stay ahead as a business, you need to adopt change. This makes customers in online gambling feel safe, and encourages them to utilize the platforms that prioritize their safety above all else. 

 With every bet you place being recorded on the blockchain and every payout you receive being fully untraceable — secure gambling is not just the future, it’s the now. 

 

The post Crypto gambling — how does the future of secure gambling look? appeared first on CoinJournal.

Cryptocurrency prices did moderately well last week as investors embraced a risk-on sentiment in the financial market. Bitcoin jumped to above $67,000 for the first time in over a month while BitBot continued its token sale, raising millions of dollars. This article focuses on BitBot, Floki, and Arweave.

Arweave price forecast

Arweave is one of the biggest players in the web 3 industry with a market cap of over $3 billion. It is disrupting the online storage industry by providing permanent storage solutions for developers. Developers can also launch smart contracts that handle transactions within seconds using its Warp technology.

Arweave’s price has done well in the past few weeks as it defied the gravity that we have seen in the crypto industry. It jumped to a high of $50 last week, its highest level since January 2022. It has soared by over 1,150% from its lowest point in 2023. Most recently, it has jumped for four straight weeks.

Turning to the weekly chart, we see that the AR token price has been in a strong bull run in the past few weeks. It has remained comfortably above the 50-week and 25-week Exponential Moving Averages (EMA).

It is now hovering at $48, its previous highest point this year, meaning that it is forming a double-top pattern, a popular bearish sign. Arweave is also nearing the 50% Fibonacci Retracement level.

Therefore, while Arweave’s token price outlook is bullish, buyers must now move above the crucial resistance level at $49.70. If this happens, the next point to watch will be the 61.8% retracement point at $60.

Floki price prediction

Like Arweave, the price of Floki has defied gravity in the past few weeks. It jumped to a high of $0.0002290 last week, its highest swing since April 2nd. At its highest point this month, the token was up by 105% from its lowest point on April 13th. 

Floki Inu has now pulled back and moved below the 38.2% Fibonacci Retracement level. It has also remained above the 50-day and 25-day moving averages and the lower side of the Andrews Pitchfork tool. 

Therefore, the outlook for Floki is neutral for now. A break below the pitchfork tool will point to more downside, with the next point to watch being at $0.00018. The alternative is where it rebounds and retests last week’s high of $0.00022.

BitBot analysis

The other notable cryptocurrency is BitBot, which has already raised over $3.5 million from global investors. BitBot is a company that seeks to change the trading industry by leveraging the concepts of technical analysis and artificial intelligence (AI).

It will be a comprehensive trading bot that anyone can use to trade cryptocurrencies like Bitcoin, Ethereum, and Solana. The app will be distributed in Telegram, a leading social media platform with over 900 million users globally. 

Unlike other trading bots, BitBot will have several important features. First, it will be a non-custodial bot, meaning that the developers will not have access to your funds. Second, holders of the $BITBOT token will have access to additional staking rewards. Third, these holders will take part in its governance. You can buy the BitBot token here.

The post Crypto price prediction: Floki, BitBot, Arweave appeared first on CoinJournal.