Kategorie: Crypto Markets

Key takeaways

• Bitcoin has set a new all-time high of $77k after rallying by more than 10% over the last seven days.
• Vantard’s seed round has entered the next stage after the project crossed the $800k milestone. 

Bitcoin crosses the $77k mark

The cryptocurrency market had a positive week, with most coins and tokens up 5% or more in the last seven days. Bitcoin, the number one cryptocurrency by market cap, added more than 10% to its value during that period.

The rally allowed Bitcoin to set a new all-time high price of $77,252 per coin. However, Bitcoin has slightly retraced since then. At press time, Bitcoin’s price stands at $76,564 per coin.

What is Vantard (VTARD)?

As the broader crypto market rallies, investors continue to look for new and exciting projects. Vantard is an exciting project that seeks to change how investors view meme coins.

Vantard is the world’s first meme coin index and would help investors leverage the the growing $45 billion memecoin market. Holders can use its native VTARD token to redeem tokens against the Treasury for their proportional percentage of the underlying assets. Vantard will hold a portfolio of top Solana-based meme coins. 

According to the development team, Vantard will be the world’s first Solana-based meme coin index. The project will enable investors to broaden their cryptocurrency investment portfolio. This is crucial thanks to the growing importance of meme coins to the cryptocurrency landspace.

With Vantard, investors can easily leverage the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Furthermore, this index will bridge an important gap in the market as meme coins have outperformed every other crypto sector since the start of the year. 

Find out more about the Vantard project here. 

Vantard’s seed round enters the next stage

The Vantard seed round continues, with the team raising over $300k over the last few days. The seed round comes shortly after the project raised $500k in its pre-seed funding round. This brings the total funding to $812k and could surpass the $1m mark soon.

In this current stage, Vantard is going for $0.00013 per coin, and the price is set to increase to $0.00014 in the next stage. Investors can purchase the $VTARD tokens using the USDC, USDT, and Ethereum coins on the Vantard website. 

Vantard could become one of the best performers in this bullish cycle thanks to its unique value proposition. Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years.

While the meme coins ecosystem continues to grow, investors face a major challenge of finding the best projects to invest in thanks to the hundreds of thousands of meme coins currently available. 

Vantard solves this with its meme coin index, which chooses the best Solana-based meme coins to add to their portfolios. The index lets users ‘Ride the Memecoin Supercycle.’

Should you buy $VTARD in this seed round?

The Vantard seed funding round has entered a new stage, and the token is sold for $0.00013 per coin. However, the price will increase to $0.00014 per coin in the next stage. 

With the emergence of spot Bitcoin and Ethereum ETFs, institutional investors are flocking to the market. Vantard could become a big winner in this cycle as it is the first index to track the leading meme coins on the Solana blockchain. Its native $VTARD token could be one of the top tokens in the crypto space in the coming bullish cycle.

The post Bitcoin hits a new all-time high as Vantard’s presale enters the next stage appeared first on CoinJournal.

Maneki has hit crypto market headlines in recent weeks, sharing the limelight with the first meme coin index fund Vantard.

Most notably, Maneki (MANEKI) has surged since its deal with Sheffield United Football Club. Meanwhile, this week’s Donald Trump win and Bitcoin’s surge has seen investors flock to Vantard (VTARD) ahead of a potential meme coin supercycle.

Is Maneki poised to explode further and become a top cat-themed meme coin on Solana? But why could buying VTARD during its ongoing seed round be even better?

MANEKI token explodes 50%

The Solana meme coin market is heating up once again. A look at the market shows all the top coins surging amid elation following Donald Trump’s election as 47th US president.

For Maneki, a community-driven meme coin on Solana based on the iconic Japanese symbol of Maneki-neko (symbol of good fortune), several factors have aligned to add to an overall bullish outlook.

Fed’s interest rate cut buoyed Bitcoin to a new all-time high. Meanwhile, market maker Wintermute getting MANEKI onboard is a new era that meant the token pumped hard.

It happened as BTC led prices higher with a jump to its new ATH above $76k. This and the recent partnership with Sheffield United as a principal partner has Maneki poised for a potentially explosive 2025.

With Solana meme coins like Maneki hinting at a looming supercycle, investors have quickly taken note of Vantard, the first-ever Solana memecoin index fund. The fund’s portfolio has top gems such as Popcat, Michi and Moo Deng. Could it add MANEKI?

Vantard gets crypto buzzing for top meme coins

In the coming months, multiple meme coins will see unbelievable gains. Investors are positioning within the market for this.

However, rather than bet on one or the other and be limited in doing so, savvy traders have poured into Vantard. It’s a portfolio that offers a basket of Solana meme tokens set for parabolic gains. Actively managed and rebalanced periodically to add the hottest trends, this is a fund like no other in the meme space.

The VTARD token is Vantard’s ticket for users looking to tap into this potential.

VTARD is currently available in presale, and has raised over $810k in its seed round. Before that, the meme index fund raised $500k in two hours in the pre-seed round.

Maneki and other meme coins on Solana are setting up for a supercycle. While traders can catch the wave if they don’t FOMO in, the best way to ride the wildest of these could be with Vantard.

Learn more here.

The post MANEKI soars 50% to lead meme coins, but why buy Vantard? appeared first on CoinJournal.

• A French Trader “Théo” made nearly $50M betting on Trump using the “neighbour polling” method on Polymarket.
• Théo’s private polls and unconventional data use raise transparency concerns.
• French regulator ANJ is investigating Polymarket’s compliance with gambling laws.

The crypto betting platform Polymarket is facing potential regulatory action in France after an anonymous trader, known as “Théo” or the “Trump Whale,” made headlines by netting nearly $50 million wagering on Donald Trump’s victory in the US presidential election.

Théo’s remarkable success has raised questions about prediction market methodologies, data reliability, and the transparency of such platforms.

How Théo made approx. $50M wagering on the US presidential election

Théo, a former bank trader from France, used four anonymous Polymarket accounts to place more than $30 million in bets on Trump winning the popular vote. His strategy, as disclosed in an interview with The Wall Street Journal, revolved around what he termed the “neighbour polling” method.

Unlike traditional polling that directly asks individuals who they would vote for, this technique asks respondents who they believe their neighbours support. This approach can reveal hidden preferences, especially when voters may be reluctant to disclose their true choices.

Publicly released neighbour polls conducted in September, which Théo cited, showed that support for Vice President Kamala Harris was significantly lower when respondents were asked about their neighbours’ preferences compared to direct questioning.

Théo viewed this as an indication that conventional polling underestimated Trump’s support, leading him to make a high-risk bet when Polymarket odds suggested only a 40% chance of Trump winning the popular vote.

To bolster his confidence, Théo commissioned private surveys with a major pollster, which reportedly yielded “mind-blowing” results favouring Trump. However, these findings were kept private due to a confidentiality agreement, fueling speculation about the accuracy and impact of such data on prediction markets.

Autorité Nationale des Jeux (ANJ) investigating Polymarket

The success of Théo’s wager has drawn increased attention to Polymarket’s role in election betting. French authorities, particularly the Autorité Nationale des Jeux (ANJ), are reportedly scrutinizing the platform’s compliance with local gambling laws.

Although Polymarket operates from the US, it only permits non-US users to participate following a 2022 settlement with the Commodity Futures Trading Commission (CFTC). The ease with which VPNs can bypass geographic restrictions adds to the regulatory challenge.

Experts are divided on the efficacy of neighbour polling. While the method has sometimes outperformed conventional surveys, studies indicate that it can also lead to misleading predictions, especially when the public lacks sufficient context or understanding.

Théo’s story exemplifies how unconventional strategies and private insights can disrupt markets, yet underscores the need for transparency and regulation as the landscape of prediction markets evolves.

The post Polymarket under scrutiny in France after trader made $50M on Trump’s win appeared first on CoinJournal.

• Avalanche has repurchased 1.97M AVAX tokens from the defunct Luna Foundation Guard.
• The buyback, valued at $53M, strengthens Avalanche’s ecosystem and long-term goals.
• AVAX price has surged 4.0% in the past week, reflecting strong market confidence.

In a significant move to strengthen its ecosystem, the Avalanche Foundation has successfully repurchased 1.97 million AVAX tokens from the now-defunct Luna Foundation Guard (LFG).

This buyback, valued at approximately $53 million based on current market prices, marks the conclusion of a strategic effort to reclaim tokens originally acquired by LFG in 2022 to support the Terra blockchain ecosystem.

The tokens were initially purchased by LFG for $100 million with the aim of stabilizing Terra’s TerraUSD (UST) stablecoin, which was pegged to the US dollar.

Terraform Labs, the parent company of the Terra blockchain, had established LFG as a reserve to protect UST by accumulating both Bitcoin and other altcoins like AVAX.

However, following the collapse of the Terra ecosystem in May 2022, triggered by UST losing its dollar peg, the value of LUNA plummeted, and the once-promising strategy unravelled.

In the aftermath of this crisis, the Avalanche Foundation moved to negotiate a deal to buy back the 1.97 million AVAX tokens. By doing so, Avalanche ensured that LFG would not violate its original agreement with the Foundation, particularly regarding the use of the tokens.

The buyback also protects the tokens from potential bankruptcy proceedings, safeguarding them from being liquidated in court.

At the time of the repurchase, the AVAX tokens were valued at $26.84 each, pushing the total worth to $53 million, up from the original purchase price of $45.5 million. This action highlights Avalanche’s commitment to the long-term sustainability of its ecosystem.

Repurchased tokens will support Avalanche ecosystem’s initiatives

The reclaimed tokens will be used to support various initiatives within the Avalanche ecosystem, such as grants, events, and incubators.

The strategic buyback represents a crucial step in maintaining the stability of AVAX and bolstering the foundation’s efforts to drive innovation and growth in the blockchain space.

By completing the buyback, Avalanche not only mitigates risks from the Terra collapse but also reaffirms its position as a leading force in the blockchain industry.

AVAX token on a strong bullish momentum

The token repurchase comes at a time when AVAX is experiencing a surge in value. With a current price of $26.84, AVAX has been steadily gaining momentum, reflecting growing investor confidence and the continued strength of the Avalanche ecosystem.

The token has gained 4.0% over the past week and has seen a remarkable 108.8% increase over the past year.

The post Avalanche completes repurchase of 1.97M AVAX tokens from LFG appeared first on CoinJournal.