Kategorie: Crypto Business

Key takeaways

• Algotech’s decentralized algorithmic trading platform is set to appeal to the fast-paced world of cryptocurrency trading.

• The project is still in presale and has raised more than $3.3 million so far.

Real-world asset (RWA) tokenization, Artificial Intelligence (AI), GameFi, Layer-2 SocialFi. These are some of the leading narratives in the cryptocurrency space at the moment.

The last few months have seen several AI tokens record excellent gains. However, there hasn’t been much focus on AI in the cryptocurrency trading space. Algotech is embarking on this mission and intends to make a difference in the world of cryptocurrency trading with its technology.

What is Algotech?

Before we dig deeper into this project, we need to know what Algotech is. Algotech is a cutting-edge decentralized algorithmic trading platform designed specifically for the fast-paced world of cryptocurrency trading.

The platform has advanced algorithms and machine learning features, enabling it to help traders navigate the complex crypto markets efficiently, precisely, and accurately.

AI is gaining adoption thanks to the ease it carries out complex tasks. This is what Algotech is introducing to the crypto space. Algotech eliminates the limitations and challenges associated with manual trading thanks to its robust infrastructure and sophisticated trading strategies.

Furthermore, Algotech’s algorithms are fast, smart, and accurate, enabling traders to execute precise and consistent investment strategies.

Is Algotech’s technology ideal for crypto traders?

The total cryptocurrency market cap is approaching its all-time high of $3 trillion. This means that activity in the market is up to its 2021 levels. If the current trend continues, the market could see its total capitalisation soar higher in the coming months.

With rising trading volumes, cryptocurrency traders need an edge that would allow them to beat the market and make a profit. This is where Algotech comes in.

According to their whitepaper, the platform’s advanced algorithms analyze assets across over 1000 unique data points to identify the next breakout opportunities. Algotech’s algorithms have been trained on H100 GPUs to ensure traders can make split-second entry decisions for high-precision trading.

Secondly, the platform reduces risk for traders by monitoring market funding levels, availability, liquidity, and spread. Thanks to the AI-based trailing stops, it is now easy for traders to manage risk and protect their capital.

Furthermore, with Algotech and its advanced AI tools, users can easily identify arbitrage opportunities in different asset pairs and take automated entries. Finally, the tool provides access to trading strategies, community resources, and trading education. With these features, Algotech could be an ideal tool for crypto, forex, and stock traders.

Is Algotech a strong project?

When determining the strength of a project, there are certain criteria to look at. They include; technology, development team, and tokenomics. We already explained the technology and if the team rolls out its tools, it could gain massive adoption in the market.

In terms of tokenomics, Algotech could also be regarded as a strong project. Per their whitepaper, there would be a total supply of 350 million ALGT tokens. 10% of the tokens have been allocated to R&D and funding for testing, durability and performance on the current and new algorithms.

Another 10% for the support in promotion and bounty to partners. The founders will hold on to only 7% of the total supply while the team gets a 3% allocation. Finally, 70% of the total token supply is available for public sale (including marketing).

As an ERC-20 token, Algotech will offer holders a reward system that incentivises long-term investment and engagement. The token grants governance rights in the Algotech community, meaning each individual can affect the platform’s important decisions.

Should you buy into the Algotech project?

The Algotech presale is ongoing, and the project has raised more than $3.3 million in three weeks. The presale is in its second stage, with an 88% completion rate as of today. In this stage, the ALGT token is going for $0.06, with more than 86,000 tokens sold so far.

However, should you buy the ALGT token in its presale? And if you do, what is the token’s long-term potential?

The ALGT token will power the Algotech ecosystem. Algotech could gain massive adoption in the market thanks to the platform’s focus on lucrative trading strategies such as hedging, mean reversion, and trend-following.

Furthermore, the platform presents traders with multiple arbitrage strategies that enable the platform to earn profits by exploiting price discrepancies across several exchanges.

Token holders are entitled to a certain percentage of platform trading fees. They are also entitled to governance votes, proposals and potential airdrops in the future. With the right level of adoption, Algotech’s remarkable real-life utility could see ALGT’s price soar higher in the medium to long term and make it one of the biggest AI Coins in the DeFi space.

Read more about the Algotech presale here.

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Key takeaways

• MicroStrategy has purchased 9,245 bitcoins and now holds more than 1% of the total BTC supply.

• Bitbot has now raised more than $1.1 million as its sixth presale stage draws closer to an end. 

MicroStrategy now holds more than 1% of the total 21 million BTC supply

Michael Saylor-led MicroStrategy has purchased an additional 9,245 BTC for $623M. This latest development means that the software company now holds 214,246 bitcoins, which is more than 1% of all the 21 million of the tokens that will ever exist.

The company paid approximately $7.53 billion for its BTC stash at an average of $35,160 per coin. MicroStrategy took advantage of the dip as Bitcoin has been underperforming in recent days. At press time, the price of Bitcoin stands at $61,908 per coin. 

What is Bitbot?

While the crypto market is experiencing a correction, investors continue to push funds into projects still in presale. A benefactor of this gesture is Bitbot, a unique Web3 project that seeks to provide excellent services to cryptocurrency traders. 

Bitbot is a Telegram trading bot that allows traders to gain access to some exciting features that would help them with their cryptocurrency trading journey. According to their whitepaper, Bitbot allows users to trade cryptocurrencies via their cold wallets on Telegram. The project is leveraging Telegram’s position as a leading social media platform for crypto users.

Bitbot’s trading tool will come with several features that will help traders execute trade transparently and securely. These features are usually available for institutional investors but, Bitbot will make it easy for retail traders to use. 

The project intends to take advantage of the growing trading volume in the cryptocurrency market to establish itself as a leading trading tool. Bitbot could provide services to retail and institutional traders in the cryptocurrency market. 

Bitbot’s features benefit retail traders

While several trading tools are currently available to institutional investors, Bitbot is mostly targeting retail traders. Its Telegram trading tool will focus on offering tech-savvy features to ease the trading process for users.

Bitbot’s primary focus will be on the security of user assets. The tool will use the Knightsafe feature to offer a self-custody solution, mitigating the typical risks associated with Telegram trading. 

Additionally, Bitbot will integrate 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.

Also, Bitbot is working on integrating an ultra-flexible wallet management powered by non-custodial API technology into its tool. This technology will provide an added layer of security to ensure the safety of user funds. 

Finally, the copy trading feature on Bitbot will help new traders navigate the market and gain expertise, Bitbot will also launch a copy trading feature. This feature will enable novice traders to copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale surpasses $1.1 million

The Bitbot presale is progressing excellently and it is currently in its sixth stage. So far, Bitbot has raised $1.1 of the required $1.3 for this stage. As the presale grows, it indicates rising interest from investors. 

Currently, the $BITBOT token is going for $0.0128 but is set to increase to $0.0134 once the seventh round commences. In terms of tokenomics, the development team clarified that they would hold 20% of the total token supply and use it to fund ongoing development. Furthermore, 14% of the total token supply is allocated to marketing & CEX listings. Also, another 3% is allocated to exchange liquidity provision.

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

Should you buy the BITBOT token now before the price increases?

The Bitbot presale is moving fast thanks to the growing interest from investors. The presale is the opportunity to purchase a token at a discount before they get listed on cryptocurrency exchanges. 

So far, Bitbot’s presale is going excellently and its token could rally higher once it gets listed on CEX and DEXs. If BITBOT gains the right level of adoption, it could be one of the biggest winners in this bull cycle. The project and its token could take advantage of the rising trading volume spurred by the ongoing bullish cycle. 

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Key takeaways

• The cryptocurrency market has been consolidating since the start of the week, with BTC still trading above $51k.

• Memeinator’s presale is now approaching the $5 million mark and will soon enter the 16th stage.

Bitcoin stagnates above $51k

The cryptocurrency market has been consolidating since the start of the week. Bitcoin has stabilised around the $51k region over the last few days following last week’s rally. Meanwhile, Ether topped the $3k psychological level earlier this week after outperforming Bitcoin. 

With the market still in consolidation, this might be the perfect time to purchase more crypto assets and invest in new and exciting projects. One of the projects that could pique your interest is Memeinator. The project is working to disrupt the entire meme industry and provide more value to investors and users. 

What is Memeinator?

Before investing in Memeinator, you need to know what the project is and how the team intends to provide value to investors and users.

Memeinator seeks to become one of the leading meme coins in the crypto space. It is ideally designed to help content creators generate better content. 

The key value proposition of Memeinator is that it seeks to improve the quality of memes on the internet, ensuring that only a high level of quality memes are available to users to leverage for their content. 

At the moment, there are thousands of meme coins spread across the Ethereum, BNBChain, Solana, and other blockchains. However, most of them don’t provide utility to the users beyond being speculative assets. Memeinator is changing this narrative by becoming one of the few meme coins that offer value to their users and stakeholders. 

Per their whitepaper, Memeinator will use AI technology to identify worthless memes on the internet, allowing users to know and steer clear of them. 

With its value proposition, the Memeinator team intends to roll out strategies to enable the MMTR token to attain a $1 billion market cap in the coming years. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

Memeinator is still in its presale stage, allowing investors to buy the token at a discount price before it gets listed on cryptocurrency exchanges. In the first presale stage, the MMTR was sold for $0.01 and will rise to $0.0485 by the end of the presale, giving early investors an astonishing 132% ROI at listing. 

Memeinator’s presale raises over $4.9 million

The presale stages allow investors to purchase tokens at discount prices, and Memeinator investors are taking advantage of this opportunity. It is currently in its 15th stage and has raised more than $4.9 million so far. 

The native MMTR token can be purchased using three tokens, ETH, USDT, and USDC. According to the official website, the token is available to users on the Ethereum and BNChain blockchains. The MMTR token can also be purchased using the supported wallets. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale attracting more investors?

Projects attract investors if they offer value to them, and Memeinator seems to be doing just that. The Memeinator presale is moving fast and could enter the 16th stage in the coming hours.

The Memeinator project has raised $4,932,436 of the required $4,948,275 in this presale stage. If the development team rolls out its products and services, Memeinator’s adoption could skyrocket in the coming months, and it would become one of the leading meme coins in the crypto space. 

The rapid presale comes because Memeinator is offering a solution for degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

The combination of AI and blockchain technology could also put Memeinator in the category of AI tokens (they are valuable within the crypto space at the moment). Its AI solution will allow users to analyse and evaluate memes across the internet. This makes it possible to identify lower-quality memes and replace or destroy them. 

Furthermore, its native MMTR token will offer numerous incentives to investors and token holders. The token has deflationary mechanisms and rewards for holders. 20% of the total token supply has already been earmarked for marketing, CEX listing and liquidity. 

Will MMTR rally higher in 2024? 

MMTR’s presale will end soon, and the token will begin listing on decentralised and centralised exchanges. At the moment, it is impossible to determine if Memeinator will rally higher later this year.

However, the project has massive potential and could become one of the leading meme coins in the coming years. The right level of adoption could see Memeinator’s market cap reach the $1 billion target over the coming years. 

The project will also benefit from the ongoing bullish cycle in the market. If the broader crypto market rallies higher this year, MMTR could become one of the gems to record healthy gains. 

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• Walmart expands Pudgy Toys to 3,100 stores, capitalizing on the NFT craze.
• Each toy includes a QR code for access to the Pudgy World digital platform.
• Pudgy Penguins NFT owners earn royalties through OverpassIP integration.

Walmart, the retail giant, continues to make waves in the world of collectibles by expanding its offering of the Pudgy Toys series, inspired by the popular Pudgy Penguins NFT collection.

With an additional 1,100 stores now stocking these unique toys, the total number of Walmart locations selling Pudgy Toys has reached an impressive 3,100 across the United States. Priced between $2.99 and $11.97, these toys cater to both collectors and enthusiasts alike, offering a range of options including Lil Pudgys Igloo Collectibles and Action Figures.

What sets Pudgy Toys apart is their integration of blockchain technology, with each toy featuring a QR code that unlocks access to the digital platform Pudgy World where users can immerse themselves in a multiplayer environment, creating their own Forever Pudgy characters and engaging in various interactive experiences.

Increasing interest in Pudgy Toys

Pudgy Toys, initially launched in September at Walmart stores nationwide, have seen continued success and demand among consumers.

CEO Luca Netz of Pudgy Penguins commented on this expansion, noting the enduring appeal of the Pudgy Penguins characters. Each toy not only provides a physical play experience but also grants access to Pudgy World, further enhancing the value proposition for consumers.

The Pudgy Penguins NFT collection stands out for its innovative blend of physical toys and NFT technology. All Pudgy Toys products draw inspiration from the Pudgy Penguins NFT collection, a series of 8,888 cartoon penguins launched in 2021, the same year that Walmart partnered with Coinstar for a Bitcoin ATM pilot program.

Notably, Pudgy Penguins NFT owners who license their parts for use in Pudgy Toys receive royalties through the OverpassIP NFT licensing platform. This integration of physical and digital realms underscores the brand’s commitment to leveraging blockchain technology to create immersive experiences for its audience.

Additionally, the availability of Pudgy Toys on e-commerce platforms like Amazon further extends the brand’s reach and accessibility to consumers beyond the confines of physical retail locations.

By expanding its Pudgy Toys collection to more Walmart stores, the brand continues to capitalize on the growing interest in NFTs and blockchain technology, offering consumers unique and engaging experiences that bridge the gap between physical and digital realms.

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• Sports gambling has seen rapid expansion in the US since the 2018 Supreme Court ruling allowing states to regulate sports betting within their respective borders.
• Among the states best known for casinos in the US is Nevada, home to the famous Las Vegas city.
• Outside of the US, Macau is another destination witnessing a surge in sports betting activities.

Nevada and Macau, two global gaming powerhouses, have recently released their gaming revenue reports, showcasing notable trends in the industry. Nevada witnessed record-breaking figures for both December 2023 and the full fiscal year, while Macau experienced a significant surge in January.

From a groundbreaking Supreme Court ruling legalizing online casinos to the popularity of slots for real money, Nevada has emerged as a powerhouse in the realm of traditional casinos and online casinos including crypto casinos.

Nevada’s record gaming revenue

In December 2023, Nevada achieved a historic milestone with a record-breaking revenue of $1.43 billion, marking a 9.04% increase compared to the previous year.

The state’s gaming industry continued its upward trajectory throughout the fiscal year 2023, culminating in a new statewide revenue record of $15.5 billion. Slot machines remained the primary revenue driver, accounting for $10.3 billion in gaming revenue. However, table, counter, and card games saw a notable growth of 8.35%, outpacing the slot machine revenue increase.

On the regional front, Clark County experienced a substantial 9.75% increase in gaming revenue, reaching $1.27 billion while Washoe County witnessed a slight decline of 2.87%, amounting to $80.4 million. Notably, Elko County stood out with a remarkable 14.96% increase, reaching $36.4 million in gaming revenue for 2023.

These regional variations reflect the diverse dynamics within Nevada’s gaming landscape as the gaming industry continues to thrive in the ‘Silver State’, setting new benchmarks and attracting visitors from around the world.

Macau’s impressive growth

Outside Nevada and the United States, Macau, often referred to as the “Las Vegas of the East” for being a prominent gaming destination in Asia, reported a staggering 67% increase in gaming revenue for January 2024 compared to the previous year.

This surge highlights the resilience and recovery of Macau’s gaming sector following challenges posed by the pandemic. The positive momentum in Macau’s gaming industry bodes well for its future prospects and contributes to the global gaming market’s vibrancy.

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