Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

Veröffentlicht am

Crypto price prediction: Is Vantard (VTARD) set to outperform Pepe (PEPE)?

  • PEPE price has declined alongside that of Bitcoin ahead of the week’s major events – the US election and Fed’s interest rates decision.
  • Vantard has raised over $300 in seed round as investors eye the meme supercycle.

Pepe (PEPE) price has dropped significantly, but could this be a buy opportunity given potential market pump? What about the token creating the most buzz in the meme coins space today – Vantard (VTARD)?

Here’s the price prediction for PEPE and VTARD, and why the latter could outpace the frog-themed meme coin.

Vantard meme index fund

Vantard (VTARD) is a meme coin token that offers access to an index fund. For investors who have heard of Vanguard, then this is a project that seeks to replicate successes of its top funds in the crypto market.

The choice tokens for this index fund are the blue chip meme coins currently dominating the altcoin ecosystem. As a token, VTARD is the ticket to a portfolio that collates all the mega moves of top memes like dogwifhat, Popcat and hot new trends like GOAT and MOODENG.

All this does is allow investors buy a token that represents all the top movers.

The fund will rebalance periodically to add the hottest meme coins. Investors are bullish on VTARD, which stormed to $500k in its pre-seed sale and has surpassed $300k as the seed sale accelerates.

Pepe price prediction

Pepe price has declined 8% this past week and more than 21% over the past two weeks, with bulls struggling to hold key support levels.

As such, PEPE currently signals a bearish outlook as price hovers at levels last seen in mid-September. PEPE has plummeted below the key $0.0000087 area, and the downtrend has sellers eyeing the $0.0000065 level.

Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators on the daily chart suggest bears have the upper hand. However, despite the bearish outlook, the overall market setup could help bulls flip momentum.

PEPE chart. Source: TradingView

Should meme coins return to an upward trajectory as its looks very likely they will with a Donald Trump win, PEPE could target a strong recovery to $0.000010. The YTD highs above $0.000017 will be a key target.

If not, likely with a Kamala Harris win, the short term price outlook could be a dip below $0.0000065. The demand reload level in this case will be the area around $0.0000048, a support level seen in April. Notably, bulls bounced off this area above before rallying to the year-to-date highs in May.

Vantard price prediction

VTARD currently sits at $0.00012 but could skyrocket as top meme coins in the portfolio begin to explode.

As noted above, the meme coin market is bullish as the US goes into Election Day on Tuesday, November 5, 2024. The crypto space is buzzing for a Trump win, with the forecast that a win for Harris could see prices fall short term.

In all these, crypto analysts have pointed out to the meme coin narrative as the one to watch.

Vantard’s unique proposition means the seed round is potentially a great entry level. As the project claims, this could be the first 1000x meme index fund, with performance riding the next meme supercycle.

To learn more about Vantard, visit the official website.

The post Crypto price prediction: Is Vantard (VTARD) set to outperform Pepe (PEPE)? appeared first on CoinJournal.

Veröffentlicht am

PONKE spikes 10% after Binance announces perpetual contract listing

  • PONKE price has jumped 10% amid Binance Futures listing.
  • Binance has recently listed perpetual contracts for several meme coins, including GOAT.

Binance has announced the listing of the PONKEUSDT perpetual contract, with traders getting up to 75x leverage as from Nov. 4 at 12:30 UTC.

PONKE, a meme coin on Solana that has recently seen significant community interest amid market resurgence, surged more than 10% after the news. The price of PONKE had traded near $0.46 early Monday, but went vertical to near $0.55 as traders reacted to the Binance Futures news.

Last week, the price of meme coin Goateus Maximus also rocketed as Binance added perpetual contract for GOAT.

Ponke price surges 10%

Gains for the PONKE meme coin come as most cryptocurrencies eye upward bounce following this weekend’s dip. Per data from CoinMarketCap, Ponke was among the largest 24-hour gainers in the top 500 by market cap. PolitiFi tokens MAGA and TRUMP were seeing the most gains as polls suggested Donald Trump is leading Kamala Harris in the race for White House.

Binance has not announced spot trading support for Ponke, but the community is excited at the visibility and traction that the perpetual contract listing brings.

Notably, this comes amid the social media commentary around token listing on Binance and Coinbase.

In a post on X, Coinbase CEO Brian Armstrong noted that the US-based crypto exchange charges $0 fees to token listing. This was in response to another post that claimed Binance had asked for millions of dollars to list a top tier project.

However, Fantom co-founder Andre Cronje refuted Armstrong’s claims, noting that Coinbase had asked for millions in listing fee but Binance hadn’t. Tron founder Justin Sun also supported Cronje’s assertion.

Meanwhile, Binance co-founder Yi He, took to X to dismiss the FUD and to clarify the exchange’s listing policy.

The post PONKE spikes 10% after Binance announces perpetual contract listing appeared first on CoinJournal.

Veröffentlicht am

Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us

  • Paolo Ardoino said that it’s not launching a Tether chain at the moment because “neutrality is very important”
  • Tether’s focus right now is partnering with businesses and communities rather than “trying to centralize everything”
  • Tether had another record-breaking quarter, resulting in $7.7 billion in profit over nine months

The CEO of Tether has ended rumors about a Tether Chain, stating that it’s “not planning to build an official blockchain at this time.”

Paolo Ardoino took to X to post his message, adding that “different independent L2 solutions are working to support $USDt for gas fees.”

In a follow-up tweet, Ardoino explained that one of the main reasons that Tether won’t launch a chain anytime soon is because “neutrality is very important.”

According to Ardoino, the company’s interest lies in teaming up with businesses and communities rather than “trying to centralize everything.” When asked if Tether is planning to launch a chain in the medium-long term future, Ardoino responded with “don’t think we will, but still it’s fair to not exclude any possibility.”

Another impressive quarter

At the end of October, Tether published its Attestation Report for Q3 2024. Reporting a “strong performance,” the stablecoin issuer noted that the latest quarter marked another “record-breaking milestone for Tether” resulting in $7.7 billion in profit over nine months.

Additionally, Tether’s stablecoin issuing companies managing reserves now hold more than $105 billion in cash and cash equivalents, with $102.5 billion in direct and indirect exposures to US treasuries. According to Tether, if it was classified as a country, it would be among the top 18, above Germany, Australia, and the UAE.

Speaking on this, Ardoino said:

“Reaching the $120 billion USD₮ milestone and reporting $102.5 billion in U.S. Treasury exposure highlights the company’s unparalleled financial strength. By increasing our reserve buffer to over $6 billion and maintaining a focus on strategic investments, Tether is once again setting the standard for stability in the financial space.”

Turning Tether’s attention to Q4 2024, Ardoino said the outlook is “very positive” with the growth of on-chain wallets per quarter rising to more than 35 million new addresses. For Ardoino, this is significant as the use of Tether is predominantly used in developing countries and emerging markets.

Ardoino claims that while the Western world has talked about boosting financial inclusion in the 21st century, little has been achieved, in what’s called “Financial Inclusion washing.”

With Tether, Ardoino said, they have created a product “that truly serves the underserved, the last mile, the normal people, the ones that don’t have access to the tens of different payment options that richer countries have to offer…”

The post Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us appeared first on CoinJournal.

Veröffentlicht am

Traders turn to this first-of-its-kind Meme Portfolio as markets falter ahead of US elections

  • Bitcoin prices fluctuate in tandem with US election odds for Trump and Harris.
  • A new meme coin index fund called Vantard offers exposure to high-growth meme coins.
  • Vantard’s Meme Portfolio (VMP) will allow investors to benefit from the “memecoin supercycle” with minimal effort.

With markets experiencing turbulence and the US elections shaping up to be a closer race than anticipated, crypto traders are shifting strategies to manage risk and capture returns.

Vantard’s Meme Portfolio (VMP), a unique index fund for Solana’s top meme coins, is increasingly seen as a way to ride out market volatility. Designed to capitalize on the current “memecoin supercycle,” Vantard’s VMP offers traders a chance to invest in high-growth assets without the complexity of daily trading.

Crypto market swings wildly as US elections nears

In the days leading up to the US presidential election, the crypto market has shown unusual sensitivity to election odds, especially with the price of Bitcoin fluctuating in parallel with the betting markets.

Notably, the race between GOP candidate Donald Trump and Democratic candidate Kamala Harris, the latter of whom replaced Biden on the ticket, has recently tightened.

On Polymarket, a popular betting platform, Trump’s chances initially surged to 67%, correlating with Bitcoin’s ascent toward an all-time high near $73,700. This trend seemed to reflect trader optimism around a crypto-friendly outcome, given Trump’s known support for digital assets.

However, as Trump’s odds decreased—dropping to below 53% at one point—the cryptocurrency market responded, with Bitcoin’s price retreating to as low as $67,600.

Although both Trump’s odds and Bitcoin’s price have partially recovered, with Trump holding at 56% and Bitcoin trading around $68,300, the impact of political events on the crypto market remains stark.

Bitcoin’s correlation with election outcomes is striking, with broader market indices such as the CoinDesk 20 Index also showing similar trends. Cardano (ADA) and Avalanche (AVAX) have notably underperformed, each down nearly 6% during the same period.

Analysts have pointed out this emerging trend, with crypto commentator Miles Deutscher noting how “correlated Bitcoin price action is to Trump’s election odds.”

This demonstrates how the current macro environment—where investors respond to a mix of political, economic, and regulatory factors—continues to drive crypto price movements in unprecedented ways.

For traders concerned about volatility, diversifying into assets less directly affected by election-related pressures is becoming a priority.

Investors turn to Vantard to hedge against the faltering market

In light of the ongoing market volatility, a new meme coin dubbed Vantard, the first of its kind Meme Portfolio (VMP), has emerged as a timely option for traders looking to benefit from a sector largely disconnected from the traditional crypto market’s political and economic influences.

Vantard’s VMP is the first-ever meme coin index fund, giving investors access to a curated, periodically rebalanced portfolio of top meme coins on the Solana blockchain.

Unlike other altcoins, which can suffer from complex tokenomics and significant sell pressure, meme coins are driven by attention and often launch with fully circulating supplies, allowing for a more straightforward price discovery process.

Vantard’s approach capitalizes on the so-called “memecoin supercycle,” a phenomenon where meme-based digital assets have outperformed other crypto sectors.

Year-to-date, meme coins like WIF and Popcat have delivered impressive gains, with many traders considering these assets as the “dominant trade” of this cycle.

For Vantard, this presents a unique opportunity to build on the speculative interest that drives the meme coin market while making high-yield investments accessible to the average trader.

As global liquidity rises and traditional financial assets see dwindling returns, capital flows have been favouring speculative investments like meme coins, further supporting Vantard’s position.

Vantard’s model is comparable to the transformative impact ETFs had on traditional stock market investing. By packaging meme coins into a low-touch, index-style investment product, Vantard allows traders to participate in the upside of meme coins with minimal effort, creating a straightforward path to profit from meme-driven market sentiment.

The meme coin index fund’s underlying assets, such as popular tokens like $POPCAT, $AURA, and $GIGA, are selected based on their popularity and growth potential within the current memecoin landscape. Investors also benefit from the fund’s transparency; VTARD token holders can redeem tokens against the Treasury, providing a clear linkage between the token value and the underlying assets.

The timing of Vantard’s offering is especially compelling given the broader economic climate. As traditional altcoins face increased scrutiny due to tokenomics complexities and looming sell pressures, meme coins, with their simplicity and market-driven value, stand out as a low-barrier investment option.

Furthermore, macroeconomic factors—such as rising global liquidity and potential rate cuts—favour the speculative investment behaviour driving the meme coin market. By tapping into these trends, Vantard positions itself as the “mutual meme fund” for the current crypto cycle, letting investors “ride the memecoin supercycle” without being weighed down by the mental overhead of active trading.

Conclusion

In a market defined by volatility and the growing influence of political developments, Vantard’s Meme Portfolio offers a clear alternative for those eager to capitalize on the crypto market’s most explosive sector.

As the election draws near and the potential for market swings persists, Vantard’s index of top meme coins could prove to be an effective hedge, providing exposure to assets that thrive on attention rather than complex economics.

For traders, this first-of-its-kind fund is not just a tool for riding the memecoin wave—it’s a way to maintain potential upside even as traditional crypto markets waver. Interested investors have the opportunity to grab a share of VTARD tokens for $0.00012 in the current presale stage before the presale moves to the next stage where the price is expected to rise to $0.00013.

The post Traders turn to this first-of-its-kind Meme Portfolio as markets falter ahead of US elections appeared first on CoinJournal.

Veröffentlicht am

TON Foundation launches Society DAO to drive decentralization

  • TON Foundation says Society DAO is The Open Network ecosystem’s path to decentralisation.
  • Society DAO will also help bring transparency and inclusion to the TON community.

The Open Network Foundation is looking to bolster the blockchain network’s decentralisation with a new governance model.

On Nov.1, the TON Foundation announced the launch of Society DAO, aimed at fostering a more decentralized ecosystem.

Society DAO is a governance framework that will help the TON community benefit from key elements of decentralisation, transparency and inclusion, TON Foundation President Steve Yun and TON Society co-founder Jack Booth, wrote in a blog post.

The new governance model is also aimed at democratising access to financial, socio-political and human capital.

“Society DAO will grow to include proven and reputable community teams that can propose and execute a plan that supports the ecosystem’s objectives. It will welcome new contributors across roles such as marketing, app development, technology, stablecoin integration, DeFi, community growth, identity, and more. This model will make the community’s brightest minds the key stakeholders in the growth and adoption of TON,” the execs noted.

According to the TON Foundation, Society DAO’s key features will include publication of TON ecosystem goals and community proposals. DAO members will be able to propose strategies and provide expected timelines and results for ecosystem goals. The DAO also provides for working group reviews and grant approval.

The DAO will publish a list of key initiatives for the first half of 2025 by January, TON Foundation said.

However, overall, Society DAO plans to achieve goals such as positioning TON as the blockchain network for real-world assets and a super app market.

The post TON Foundation launches Society DAO to drive decentralization appeared first on CoinJournal.