Kategorie: Crypto Analysis

• Solana and its top tokens are rebounding as a sense of fear spreads in the market.

• Some of the most notable tokens are Jito and Solend.

• Memeinator has raised over $3.5 million from its investors.

Cryptocurrency prices had a volatile performance last week as investors cheered the latest SEC approval of Bitcoin ETFs. While Bitcoin initially jumped after the report, it then pulled back sharply as traders sold the news. It remains sharply below last week’s high of $49,000.

Solana tokens rebound

However, some altcoins have stepped in to continue the rally. Solana, the fifth biggest cryptocurrency, has risen by over 5% in the past 24 hours and is approaching the psychological level of $100. 

Some of the most prominent tokens in the ecosystem like Solend (SLND) and Jito have jumped further. Solend rose by over 43% while Jito jumped by over 23% in a high-volume environment. Other tokens like Bonk and Raydium also soared.

It is unclear why these tokens bounced back during the weekend since there was no major related news. A likely reason is that Solana and its tokens are merely having a buy-the-dip situation after they pulled back in the past few weeks. 

Solana and its ecosystem tokens were among the best-performing cryptocurrencies in 2023 even as concerns about FTX rose. The SOL token jumped by more than 700% from the lowest point in 2023 to its peak. Similarly, tokens like Bonk, Solend, and Raydium surged as they gained market share in their ecosystem.

Solana is also likely rising as traders anticipate a filing for a Solana ETF. While this is possible, it is unlikely that the SEC will approve it because it sees the token as a financial security because of its staking features.

Memeinator is thriving

Meanwhile, Memeinator, an upcoming token is thriving, as evidenced by its ongoing token sale. The developers have already raised over $3.5 million from traders who hope to make a fortune when it lists in the coming months. 

Many early investors of tokens have gone ahead and made a fortune when their tokens goes parabolic. A good example of this is traders who bought a token like Bonk in December 2022. In the end, the token surged by more than 5,000% in 2023 as meme coins surged.

Similarly, people who bought tokens like Shiba Inu, Pepe, and Dogelon Mars made exciting returns when they surged.

Memeinator hopes to create value for its token holders in various ways. For example, it hopes to spend heavily on marketing to make its token the most popular meme coins in the market.

Additionally, they hope to build an entire ecosystem revolving Memeinator. This includes a gaming and NFT platform. Also, they will take advantage of the growing concept of artificial intelligence (AI) to build a good ecosystem that will thrive in the long term.

This is a major concern that most meme coins have had over the years. In most cases, these tokens tend to do well in the short-term and then die down in the long term. A good example of this is tokens like Dogelon Mars and Floki Inu.

Memeinator has done a lot to create a brand, which explains why it has raised millions of dollars in the past few months. For example, they have launched several promotions, including one that will see a lucky winner go to space using Virgin Galactic. They also recently launched a major airdrop. You can buy the MMTR token here..

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Key takeaways

• Bitcoin is trading above $46k as market experts expect the US SEC to approve a spot Bitcoin ETF soon.

• Bitbot’s presale is launching in a week and the project seeks to make trading easier for users. 

The cryptocurrency market has been performing well over the last few hours, with Bitcoin trading above $46k. With the SEC expected to approve a spot Bitcoin ETF soon, BTC’s price could soar higher soon.

Bitcoin could soar if the SEC approves a spot Bitcoin ETF

Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well over the last few hours. At press time, the price of Bitcoin stands at $46,239, up by more than 1% in the last 24 hours.

BTC’s price could soar higher over the coming hours if the US SEC approves the spot Bitcoin ETF applications. 

What is Bitbot? 

With the bear market now over, trading volume across centralised and decentralised exchanges has massively increased. However, the biggest challenge for many people is how to trade cryptocurrencies.

This is where Bitbot comes in. Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. This is an innovative way of trading as Telegram remains one of the leading social media platforms for crypto users. 

Bitbot will offer users a wide range of powerful features to help them grow their trading portfolios through an ultra-intuitive interface built on top of institutional-grade technology. 

Bitbot’s development team have vast experience in various fields including traditional finance and blockchain. The team has a powerful mix essential to deliver a product that combines the innovation we’d expect for crypto traders with the approach to security seen in traditional asset trading.

With Bitcoin halving roughly three months away, Bitcoin’s price is expected to reach a new all-time high. When that happens, BTC’s trading volume will skyrocket and so will other altcoins.

Bitbot’s technological innovations

Bitbot could be an excellent tool for traders. If the tool gains massive adoption, its native token could become one of the biggest winners in the current bull run. 

What makes Bitbot an exciting project is that it prioritises security. The team has partnered with Knightsafe to offer a self-custody solution, hugely mitigating the typical risks associated with Telegram trading.

Furthermore, 

In addition, Bitbot will also use part of the funds raised from its presale to develop anti-MEV and anti-rug solutions for users to protect their assets. These solutions would help protect investors from bots artificially pumping transaction costs and block scam projects.

The Bitbot team is also working on a copy trading feature that would allow investors to copy the trades of the strongest performing wallets based on on-chain activities; predicted to be one of the most popular aspects of the product.

The Bitbot whitepaper contains more information about the project’s features, roadmap, and Solid Proof audit. 

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

Could Bitbot be one of the top crypto investments this year? 

2024 could be an exciting period for the crypto market as the US SEC is expected to approve a spot Bitcoin ETF soon. Furthermore, the Bitcoin halving event is slated for April.

These events could see low-cap gems record massive growth and Bitbot could be one of such projects. 

Bitbot is laying the foundation to become an excellent project for cryptocurrency traders. According to the team, $100k raised from the presale has already been earmarked for a trading competition on the Bitbot website in a bid to encourage cryptocurrency trading. 

Bitbot’s presale is slated to commence on January 17th, with a starting price of $0.0100. Bitbot has a total supply of 1,000,000,000 tokens and 30% of tokens will be sold in a presale across 8 stages.

Furthermore, 20% of tokens will be held by the Bitbot development team to fund ongoing development while 14% will be for marketing & CEX listings.

The development team are working hard to see Bitbot become a billion-dollar market cap project. If that happens, early $BITBOT holders have a genuine opportunity to make 100X gains.

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• Memeinator’s token sale has raised over $3 million in the past few months.

• Tectum token surged as investors cheered the growth of its holders.

• Solana remained under intense pressure as demand waned.

Cryptocurrency prices are bracing for a big week that could set the tone for the rest of the year. The Securities and Exchange Commission (SEC) is widely expected to approve Bitcoin ETFs by the likes of Blackrock, Invesco, Fidelity, and Franklin Templeton. 

The SEC has already asked the applicants to submit their final revisions ahead of a vote set for this week. Most experts believe that the agency has no reason to deny these applications because companies have already added the mitigation measures that the agency requested. This article looks at some of the top cryptocurrencies to watch this week, including Memeinator (MMTR), Tectum (TET), and Solana (SOL).

Memeinator prediction

Memeinator, one of the upcoming meme coins, has continued doing well in the past few months. The company has raised over $3 million in a token sale that has been going on for the past few months. This makes it one of the fastest-growing tokens in the industry. 

Memeinator aims to be the next big thing in the crypto industry. Precisely, it aims to become a major player in the meme coin industry that is now dominated by the likes of Dogecoin and Shiba Inu. It also aims to beat the new age meme coins like MEME, Pepe, and Bonk., which surged hard in 2023.

Memeinator aims to achieve this by creating an active community of enthusiast in its ecosystem. It also aims to create an ecosystem made up of games and NFTs in the future. Also, the developers aim to incorporate concepts of artificial intelligence (AI) to its ecosystem. You can buy the MMTR token here.

Tectum price forecast

Tectum is a blockchain project that claims to be the fastest one in the industry. According to its website, it can handle over 1 million transactions per second. This is a major figure considering that Ethereum handles less than 30 TPS. It is faster than most other well-known networks like Fantom, Avalanche, and Tron. 

TET, its token, was one of the top performers during the weekend as demand for the token jumped. According to its website, its holders jumped to over 12k across the ERC20, BEP20, and T12 networks. TET is used to mint Softnotes, paying merchant fees, Tectum gas fee, and bridged token fees.

The 4H chart shows that the TET crypto price has been in a strong uptrend in the past few weeks. It has moved from a low of $9.07 in December to over $45. It remains above the 50-day and 25-day Exponential Moving Averages (EMA). 

The outlook for Tectum is still bullish, with the next point to watch being at the YTD high of $45. A drop below the support at $35 will invalidate the bullish view.

https://twitter.com/tectumsocial/status/1744043800610148429

Solana price forecast

Solana price has suffered a harsh reversal in the past few days. After peaking at $126 in December, the token has pulled back to $96. It has remained below the 50-period and 25-period moving averages. The coin’s Relative Strength Index (RSI) has continued falling and is hovering near the oversold level.

Therefore, the outlook for Solana price is bearish, with the next point to watch being at $84.70, the lowest swing on January 3rd. A move above the key resistance at $100 will invalidate the bearish view.

The post Crypto price prediction: Memeinator (MMTR), Tectum (TET), Solana appeared first on CoinJournal.

• Cryptocurrencies did well in 2023 as demand remained at an elevated level.

• Bitcoin and most digital coins more than doubled and the trend could continue.

• This trend could benefit Memeinator, an upcoming meme coin.

Cryptocurrencies had a strong performance in 2023, with Bitcoin soaring by over 150% and the total market cap surging to over $1.7 trillion. The same performance was replicated in the stock market, where key indices like the Dow Jones, Nasdaq 100, and S&P 500 surged to record highs. Most of these gains were driven by the Magnificent 7, which did well during the year.

Meanwhile, demand for meme coins continued rising in 2023 as tokens like Bonk, Pepe, and Milady Meme coin (LADYS) surged. Similarly, investors continued pumping cash into token presales, hoping to capture the next big thing in crypto. For example, Memeinator token sale has netted over $2.7 million from investors. 

Tailwinds for 2024

Cryptocurrencies face numerous tailwinds in 2024 that could push them much higher. First, there’s the tailwind of cryptocurrencies becoming part of balanced portfolios. Besides, an asset like Bitcoin has a proven record of doing well over the years. For example, BTC price rose from less than $1 in 2009 to over $40,000 today.

During this time, Bitcoin has been “baptized by fire” as several events happened. For example, it suffered when Mt. Gox collapsed in 2014. Most recently, we had the collapse of FTX, Voyager Digital, and Three Arrows Capital. It also did well in 2023 even as interest rates surged to their highest level in over two decades.

Second, economists expect that the Federal Reserve and other central banks will start cutting interest rates in 2024. The Fed has already pointed to three cuts during the year while other banks like Bank of England and ECB are expected to slash them at least four times. Besides, global inflation has fallen in the past few months.

Third, the other tailwind will be the approval of a spot Bitcoin ETF. The implication is that more institutions will start moving to cryptocurrencies. Further, there will be a Bitcoin halving event in April. Historically, Bitcoin and other coins do well when there is a halving event.

Memeinator to be the next big thing?

Therefore, traders believe that Memeinator could be the next big thing in the crypto industry when it is finally listed in 2024. For starters, Memeinator, whose token is MMTR, is an upcoming meme coin that aims to disrupt the industry. It aims to replicate and even pass the performance of other tokens like Pepe and Bonk.

One sign that the token will do well is that it has already raised over $2.7 million and is nearing its target of over $2.8 million. It already has thousands of investors and followers in social media. These are important ingredients for a successful meme coin launch.

Memeinator is also running one of the most exciting promotions in the industry. In it, a lucky winner will travel to space using Richard Branson’s Virgin Galactic flight. These flights are expected to start either in 2024 or 2025. You can buy the MMTR token here.

Still, as with all investments, you should be a bit cautious when investing in Memeinator. In this regard, you should focus on risk management. For example, you should only buy the MMTR token with funds you are comfortable losing. You should also diversify your portfolio.

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• Memeinator aims to destroy weak and non-original meme tokens.

• Memeinator has utilities in gaming, NFTs, and staking.

• The project’s presale delivers 132% ROI with a bonus on token purchases during Christmas.

Think of this: The meme sector rose to a peak of $36 billion this year from a market cap of nearly $0 in 2020. The growth meant a lot for investors who trusted the asset class after it entered the crypto scene. But all is not rosy for all meme investors as some fell prey to meme rug pulls, scams, and subpar projects. Owing to this growing scenario of meme tokens, Memeinator wants to make the sector worthwhile again. Memeinator’s ultimate goal is to destroy non-original and low-quality memes. But what do investors stand to gain? 

Memeinator: Meme warfare to drive popularity

Unlike other crypto projects, Memeinator primary source of utility and popularity is destruction. Memeinator applies artificial intelligence to search and destroy its weak peers. The AI crawls the web and scans for targets, destroying them for good. 

Through the meme destruction role, Memeinator will build the engagement necessary to make it gain traction. As Memeinator gains popularity, adoption will grow, driving its price. The aim is to make Memeinator the most traded meme and attain a $1 billion market cap. 

The meme promise seems to have resonated well with investors as they eye potential gains in 2024. Immediately after the Memeinator site went live, over 1,000 people joined its mailing list. Now, at stage 9 of the presale, investors have bought over $2.3 million of tokens. 

Power marketing and branding to drive global adoption

The Memeinator team also outlines an ingenious method to grow and become popular. The team will invest in heavy marketing and branding to ensure everyone is talking about it. In fact, the team has set aside 15% of the amounts raised through token sales for marketing. 

To reinforce its marketing interventions, Memeinator will partner with leading influencers and platforms. The token will also be launched on the best exchanges globally to increase its access to many investors.

Considering its role as a meme token, marketing prowess could be a masterstroke for unlocking MMTR value. It is a step higher than other meme peers, which rely on single events to become popular. As such, Memeinator could strongly increase in value and deliver high returns.

Unleashing quality product portfolio and utilities

If you think of Memeinator as simply as any other meme crypto, then you are mistaken. An exciting product portfolio awaits early backers of the ambitious crypto project. At the end of the presale, the team will launch a game. Users play enemy combats, similar to the obliterating encounters Memeinator seeks to deploy. The game makes the project worthwhile and fun to invest in and cements the Memeinator’s destruction role.

NFTs may not be new to many, but it’s a feature Memeinator seeks to capitalise on and grow deep into Web 3.0. The team will launch exclusive NFTs for its community. Besides showing the creative works of the Memeinator team, the NFTs will empower its owners with future perks.

Investors can also commit their tokens to the Memeinator platform through a staking feature. The staking is an ideal way to earn rewards while facilitating the growth of Memeinator. 

Should you invest in Memeinator presale this week?

Memeinator has a huge potential post-listing, with analysts expecting up to 1,000% gains or more. However, the presale offers an attractive route to owning a high-value project. For each presale stage that passes, the price of the token rises, offering early returns to investors. The presale occurs in 29 stages and is currently in the 9th stage. By the time it ends, Memeinator will have returned 132%.

The Memeinator has also added a deal sweetener for token buyers during the festive season. For each $5,000 or more purchase of MMTR, investors are rewarded with a 10% bonus. For further information and how to buy Memeinator tokens, visit the project’s website.

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