Kategorie: Crypto Analysis

Cryptocurrency prices were mixed on Wednesday as some investors started to take profits after the strong US inflation report. Bitcoin was hovering around the resistance at $72,000 while Ethereum rose slightly. 

Injective (INJ) and Avalanche (AVAX) were some of the top-performing cryptocurrencies as they jumped by over 20%. The other gainers were coins like Near Protocol, Ordi, Celestia, Algorand, and THORChain. Memeinator also continued doing well as its token sale crossed the $6.4 million mark.

Injective and Avalanche were top gainers

Avalanche was one of the best-performing cryptocurrencies as it surged to its highest level since May 2022. At its peak, the coin was up by more than 550% from its lowest point in 2023. 

Injective also made a strong bullish breakout as it jumped to its highest point on record. It rose to $52, making it one of the top-performing cryptocurrencies since it was trading at $0.64 in October 2020. This means that $10 invested in the coin back then is now valued at over $800.

Avalanche and Injective coins jumped as the crypto fear and greed index remained above the extreme greed zone of 85. In most cases, altcoins tend to do well in such market conditions, which explains why most altcoins have surged recently.

Their ecosystem growth has accelerated in the past few months, Data shows that the number of Avalanche addresses has jumped to over 76k while the Total Value Locked (TVL) has soared to $1.7 billion. It is the eighth-biggest blockchain in the world. 

Injective, a platform that is backed by Mark Cuban and Polychain Capital, has also seen strong inflows recently. Its TVL has jumped to a record high of $177 million, helped by the likes of Hydro Protocol, DojoSwap, Helix, and Mito Finance. Helix has become one of the top DEXes in the market handling almost $100 million worth of tokens in the past 24 hours.

Memeinator token sale is going on

Meanwhile, Memeinator is another top-performing player in the crypto industry. The developers have now raised over $6.4 million as it has moved to its 18th stage. It now has two more stages to go before the token sale ends. After ending, the token will be listed in key centralised and decentralised exchanges.

For beginners, Memeinator is an upcoming cryptocurrency project that aims to benefit from three key themes in the market. It aims to benefit from key areas like meme coins, artificial intelligence (AI), and gaming.

Meme coins like Floki, Pepe, and Bonk have been some of the top-performing cryptocurrencies this year. Data shows that all meme coins have a market cap of over $65 billion. 

AI, on the other hand, has become the fastest-growing technology, which has helped Nvidia become a $2 trillion company. Gaming tokens like Axie Infinity and Gala Games have become some of the top-performing coins in the market. 

Therefore, Memeinator developers hope that these themes will help to propel its market cap to millions or even billions of dollars. You can buy the MMTR token here.

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• Bitcoin Dogs presale ends on March 15, and the listing will be in Q1 2024.
• The presale has raised over $10 million amid a market frenzy of the first Bitcoin ICO.
• Bitcoin Dogs’ presale frenzy could fuel strong price moves after listing.

Bitcoin Dogs ($0DOG) looks set for the next phase: listing on exchanges. 3 days to the end of the frenzy presale, Bitcoin Dogs has raised more than $10 million. Notably, this amount has been raised in precisely 26 days. This cementing Bitcoin Dogs as one of the most successful presales and a token with huge potential. With this, investors are optimistic about post-listing gains due to Bitcoin Dogs’ association with Bitcoin. Meanwhile, the price of Bitcoin hit a new record above $72,000. This comes as more institutions embrace the US spot Bitcoin ETFs, and the halving event nears. Let’s dive in to discover more about Bitcoin Dogs and the inevitable boosts from Bitcoin.

Thailand to allow certain investors to invest in US spot Bitcoin ETFs

Thailand’s market regulator has reportedly made changes to its rules to allow exposure to US spot Bitcoin ETFs. Local news suggests the regulator would allow ultra-high-net-worth individuals to get the spot ETF exposure. This is in addition to institutions in the country.

Previously, Thailand’s Securities and Exchange Commission Act did not cover digital asset ETFs. Asset managers were only allowed to provide trading for security-classified assets. Upon approving the spot Bitcoin ETFs in the US, Thai regulations recognized the assets as securities.

In addition, India’s crypto investment platform Mudrex will offer spot Bitcoin ETFs to investors. The offerings will be for retail and institutional investors. Mudrex Founder and CEO Edul Patel says the products (spot ETFs) will be valuable to institutions. Mudrex will list spot ETFs from BlackRock, Fidelity, Vanguard, and Franklin Templeton in the first phase. The company will be the first in India to offer the service. 

The increased uptake of spot Bitcoin ETFs drives the price of Bitcoin, which claimed a new record. This has bolstered Bitcoin Dogs as the first ICO from the legacy Bitcoin network.

About Bitcoin Dogs

Bitcoin Dogs is the first-ever presale on the Bitcoin blockchain. The virality of Bitcoin Dogs has been linked to the project’s association with Bitcoin.

But unlike Bitcoin, Bitcoin Dogs introduces new use cases such as gaming, NFTs and the metaverse. With 10,000 unique and collectible tokens, Bitcoin Dogs will be the biggest Bitcoin ordinals NFT collection. The NFT feature has boosted Bitcoin Dogs, with the sector expected to make a comeback after a turbulent season.

Similarly, Bitcoin Dogs owners will have immersive experiences through the metaverse-themed Dogaverse. They get a chance to be involved in exciting game plays, dog training, and contests. Users can also trade their dogs on a decentralised market. This opens up new opportunities for investors in the ever-evolving world of Web 3.0.

Bitcoin Dogs presale frenzy rises a few days to climax

Bitcoin Dogs presale has been short and precise, happening in just one month. This has seen investors buy the tokens in numbers, helping the project raise more than $10 million. With the March 15 deadline fast approaching, more purchases are happening, coinciding with BTC’s bull market.

In this short period of presale, Bitcoin Dogs has set aside 90% of 900 million tokens up for grabs. To make it a worthwhile purchase for early birds, the token’s price rises at each stage. This allows early presale buyers to benefit from purchasing lowly priced tokens and increase value over time. 

Once the presale ends, the token will be listed in Q1 2024. Advanced features, such as the NFT debut, the game beta, and partnerships, will follow in Q2. The clear roadmap, high speculation, and use cases cements Bitcoin Dogs’ potential and attracts investors.

To purchase Bitcoin Dogs while on presale, investors can visit the official website page.

The post 3 days left: Bitcoin Dogs presale surpasses $10M as countries open doors to US spot ETFs appeared first on CoinJournal.

Key takeaways

• BTC reached a new all-time high of $70k on Friday and could be targeting that level again after retracing.

• Bitbot’s presale has officially crossed the $900k mark as stage five nears completion.

Bitcoin could surge past the $70k mark soon

Bitcoin, the world’s leading cryptocurrency by market cap, is having an interesting month so far. On Friday, BTC reached a new all-time high of $70k before retracing to the $67k region.

At press time, the price of Bitcoin stands at $68,730, down by less than 1% in the last 24 hours. If the recovery continues, BTC could be targeting the $70k region over the next few hours or days. 

What is Bitbot? 

With Bitcoin, Ether and other major cryptocurrencies rallying higher, trading volume in the market continues to increase. This means that traders have become more active in the cryptocurrency market.

For traders, leveraging tools that would help improve their trading activities is crucial. Bitbot is one of the projects that is developing tools to help traders in the cryptocurrency market. 

Bitbot is a Web3 project that is set to bring unique value propositions to traders in the cryptocurrency space. It is a Telegram trading bot that puts the power in the hands of the user. 

Per the whitepaper, Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. The product provides an innovative way of trading and is leveraging Telegram’s position as a leading social media platform for crypto users. 

Bitbot will come with high-end features to help traders grow their trading portfolios. Some of the tool’s features are institutional grade, granting them access to world-class trading functions.

With the right level of adoption, Bitbot could become one of the most widely used tools by cryptocurrency traders. 

Bitbot to boost trading expertise via tech

Bitbot plans to bring technological innovations that would benefit traders. The project will use Knightsafe to offer a self-custody solution. This solution helps in mitigating the typical risks associated with Telegram trading.

Furthermore, some of the funds raised from the presale will go towards developing anti-MEV and anti-rug solutions to help users protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.

Bitbot also has ultra-flexible wallet management fuelled by non-custodial API technology. In terms of profitability, Bitbot will provide users with a copy trading feature. This feature will enable traders to copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale surpasses $900k

The Bitbot presale is now in its fifth stage and is now moving swiftly. So far, the project has raised $943,475 of the required $1,106,000 in this current stage. 

This latest milestone indicates that Bitbot is attracting attention from investors within the cryptocurrency space. The $BITBOT token is going for $0.0122 in the current presale round and will increase to $0.0128 once the sixth round commences. 

The project’s tokenomics show that the the Bitbot development team will hold 20% of the total token supply and will use it to fund ongoing development. Furthermore, 14% is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

Click here to read more about Bitbot’s upcoming presale. 

Could Bitbot gain massive adoption? 

The cryptocurrency market is currently in a bullish cycle and has more than $2.5 trillion currently in circulation. This means that the trading volume in the market has increased as more traders enter the market.

With this reality, tools like Bitbot will gain massive adoption in the market thanks to the rising trading volume. With the right level of adoption, BITBOT could become one of the biggest winners in the market. As trading volume in the market increases, BITBOT could also see a surge in adoption if it rolls out its features and solutions. 

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Bitcoin made history last week as it successfully jumped to an all-time high of over $70,000. This record capped a strong record since the coin was trading at less than $1 15 years ago. Its market cap surged to over $1.36 trillion. Other cryptocurrencies like BitBot and Ethereum Classic (ETC) have also done well recently.

Bitcoin price prediction

Bitcoin price has done well over the years as it outperformed most financial assets. The current surge is mostly because of the rising demand among institutional investors as evidenced by the rising ETF inflows.

These inflows have led to more Bitcoin demand at a time when supply growth is expected to drop because of the halving event. Halving will lead to a higher mining difficulty that will reduce the daily amount of coins that are produced to 450. 

On the daily chart, we see that Bitcoin has constantly remained above all moving averages, which is a bullish sign. It also sits slightly below the psychological point at $70,000. Oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have also risen, pointing to ongoing momentum.

Therefore, the outlook for Bitcoin is extremely bullish and could surge to over $75,000 or even $80,000 this week. 

BitBot price forecast

BitBot is one of the most upcoming cryptocurrencies in the industry. Currently in its pre-sale, the developers have raised over $932k from investors who are looking for the next big thing in the crypto industry. 

BitBot is a blockchain project that aims to transform the trading industry for the better. As more people rely on bots for trading, BitBot hopes to provide accurate robots that are non-custodial. 

Its bots will be developed by a team of experienced developers who have been in the industry for decades. In addition to the non-custodial nature, BitBot will have additional features that will make it a better platform.

For example, according to its white paper, BitBot will have a revenue-sharing model that will reward $BITBOT holders. These holders will also have exclusive access to its platform and take advantage of its governance process. 

You can buy the BitBot token here. However, like all tokens, it is worth noting that there are risks involved. This means that any buyer should only invest funds that they are comfortable losing and use the best risk-management strategies.

Ethereum Classic price prediction

Ethereum Classic price has done modestly well in the past few months. It has jumped from last year’s low of $12.40 to almost $40. This recovery is part of the broader cryptocurrency rally. Like Bitcoin, it is also soaring ahead of the upcoming ETC halving set for May.

Ethereum Classic price has constantly remained above all moving averages and the key resistance at $32.47, its highest point in January. The token has also moved above the Ichimoku cloud indicator, which is a bullish sign.

Therefore, the outlook for ETC price is bullish, with the next important level to watch being at $45.67, its highest level in 2023. This means that it has a 27% upside from the current level.

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Cryptocurrency prices were mixed during the weekend as investors focused on the upcoming US inflation data. Bitcoin remained slightly below $70,000 while Ethereum was stuck at $3,950. Tokens like BabyBonk, Cryptex Finance, and Rarible surged while others like Wen, Solama, and Coq Inu plunged by double-digits. This article looks at what to expect with BitBot, CTX, and BabyBonk.

BabyBonk price forecast 

BabyBonk is a meme coin that was designed with the inspiration of Baby Doge Coin, one of the top tokens today. It is a BNB token that aims to be a better alternative to Bonk, the fourth-biggest meme coin in the world.

In addition to being just a meme coin, the token has more utility such as an NFT collection of 1,000 unique cards. It also has a unique card game known as Bonk Royale that people can play and earn rewards.

BabyBonk price surged hard during the weekend, reaching a high of $0.000000000099, its highest point since March 4th. The token has soared above all moving averages and is nearing its all-time high of $0.000000000010. 

It has also gotten highly overbought, with the Relative Strength Index moving to over 100. The MACD indicator has also soared. Therefore, the outlook for the BabyBonk price is moderately bearish as some investors start to take profits. If this happens, the token could drop and retest the support at $0.000000070. It will then rebound as other cryptocurrencies bounce back.

BitBot prediction

Unlike BabyBonk and Cryptex Finance, BitBot is not a cryptocurrency you can trade for now. Instead, it is a crypto project that has moved to its token sale ahead of its launch in the public market.

BitBot is a company aiming to disrupt the financial trading industry. The developers are aiming to launch a Telegram bot that will send signals to thousands and even millions of users from around the world.

Unlike many other Telegram bots, this one will be non-custodial, ensuring that users retain their full control.

The other benefit is that it will be a decentralized bot, ensuring that the $BITBOT token holders will have a say in the network. They will be able to vote on key decisions and also receive part of the revenue it generates.

BitBot’s token sale is doing well as the developers have raised over $900k from global investors. These investors hope to benefit from the eventual listing of the token in the coming weeks. You can buy the BitBot token here.

Cryptex Finance price forecast

Cryptex Finance’s CTX token has become one of the best-performing cryptocurrencies in the market. It surged to a high of $6 on Saturday, giving it a market cap of over $28 million. As it rose, the token crossed the important resistance point at $3.75, its highest point in March. It invalidated the double-top pattern. 

Cryptex has remained above the 50-period moving average and formed what looks like a bullish pennant pattern. Therefore, the outlook for the token is extremely bullish, with the next point to watch being at $6. A break above that point will confirm the bullish outlook.

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