Kategorie: Crypto Markets

• Analysts are bullish on Bitcoin, Ethereum as prices hover above $71k and 3.8k respectively.
• The outlook has investors eyeing new gems, with Memeinator (MMTR) potentially top target among memecoins.

Crypto traders have seen a massive run for memecoins over the past month or so. Meanwhile, Bitcoin spiked above $70,000 this week and has analysts projecting further gains amid unprecedented spot ETFs inflows.

While the current political buzz has several meme coins going parabolic, Memeinator (MMTR), a new market entrant, is among those likely to outperform in coming months largely due to its strong utility.

Bitcoin and crypto reacts to ECB rate cut

Crypocurrencies rose slightly as the European Central Bank (ECB) cut interest rates for the first time in five years. Market experts say the Fed and other central banks will soon follow this trend, aiding the long term outlook for Bitcoin (BTC) amid cheap money flow.

This week also saw reports emerge that Franklin Templeton, a $1.6 trillion asset manager, is looking to launch a crypto fund that will give investors exposure to cryptocurrencies other than Bitcoin and Ethereum. The fund will target institutional investors, The Information reported.

But notable from this is that crypto is on the ascendancy when it comes to the adoption curve, and recent traction in the spot ETFs market points to this.

For instance, Bitcoin ETFs recorded net inflows of $488 million on June 5, and $218 million on June 6. Over the past three days, net inflows have reached over $1.5 billion.

Analysts’ bullish price predictions for BTC, ETH

While prices have largely remained ranged for BTC and ETH, analysts are bullish on what’s next. Standard Chartered analysts this week projected Bitcoin could hit $100,000 ahead of the upcoming US election.

The Fear & Greed Index, currently at 78 and showing extreme greed suggests traders are confident, while open interest is at a historic $38 billion

Similar sentiment surrounds ETH. The total ETH futures Open Interest is currently over $16.6 billion as traders target the spot Ethereum ETF trading debut.

VanEck analysts recently noted that Ethereum price could rise to over $22k by 2030.

Crypto outlook and new gems like Memeinator (MMTR)

As top cryptocurrencies dominate bullish price predictions, analysts are also highlighting memecoins, AI tokens and the emerging Bitcoin-Fi (DeFi on Bitcoin) ecosystem as areas likely to see an epic bull market.

While the likes of Pepe and Floki have memecoin traders bolstering positions, Memeinator (MMTR) offers a new opportunity.

Memeinator recently made its trading debut after successfully navigating its presale. The project aims to be the top utility-focused meme coin, riding an ecosystem that includes a play-to-earn model, NFT marketplace and staking.

These features have Memeinator poised as one of the meme coins with a solid outlook in its growth trajectory. A big plus for Memeinator could be the upcoming launch of meme-inspired game Meme Warfare.

Although the token’s debut coincided with a broader dip for altcoins, MMTR price is above a key level.

The post Crypto traders eye Memeinator (MMTR) amid bullish projections for Bitcoin appeared first on CoinJournal.

• BRETT and BEERCOIN (BEER) witness three-digit price surges.
• KangaMoon (KANG) presale gains momentum as it nears end.
• KangaMoon presale has surpassed $7.9M with 86.9% tokens sold.

Recently, meme coins taken over the crypto market with their extraordinary price movements often catching investors by surprise. The past month, for instant, has seen BRETT and BEERCOIN (BEER) experience three-digit gains adding to the growing list of flying meme coins.

At the same time, another meme coin, Kangamoon, currently in the presale round is set to spoil the party with projected price movements once the presale comes to and end and the token gets listed on crypto exchanges.

BRETT following in PEPE’s footsteps on Base Chain

BRETT, Pepe’s best friend on Base Chain, has quickly become a symbol of cultural significance within the crypto community.

With its market value experiencing a staggering 268.16% increase in the past month alone, BRETT stands tall as a beacon of opportunity and community spirit.

As the mascot of Base Chain, BRETT’s rise in popularity reflects the growing enthusiasm for projects within the Base Chain ecosystem.

Investors are drawn to its potential for growth and its role in shaping the future of decentralized finance.

BEERCOIN (BEER) price soaring on toasting to universal enjoyment

BEERCOIN (BEER) isn’t just another token; it’s a celebration waiting to happen.

Described as “liquid gold,” BEERCOIN serves as the universal currency of enjoyment, transcending barriers of race and social status.

Its recent price surge, with a remarkable 55.33% increase over the past week according to Coinmarketcap, underscores its appeal to both seasoned investors and newcomers alike.

With a circulating supply of 549.76 billion BEER and a rapidly expanding ecosystem, BEERCOIN promises a toast-worthy journey filled with camaraderie and good times.

KangaMoon (KANG) presale gains momentum as it nears its end

Amidst the euphoria surrounding BRETT and BEERCOIN, KangaMoon (KANG) is making headlines for different reasons.

KangaMoon introduces itself as the next top meme coin, enticing meme enthusiasts with promises of real-world rewards through SocialFi and Play To Earn elements. Its ongoing presale has caused excitement among investors with over $7.9 million raised and 86.9% of tokens sold so far.

The success of the Kangamoon presale and price increments through the presale stages has attracted the attention of investors who are now waiting for the meme coin to list on crypto exchanges once the presale comes to an end.

With only 13.1% of the presale token supply remaining, investors have a limited opportunity to jump in and buy a stake of this intriguing memecoin project.

By incentivizing active participation and engagement through SocialFi and Play To Earn, KangaMoon aims to create a vibrant and inclusive ecosystem.

Participants in its presale are not only investing in a token but also in the vision of a thriving community of meme enthusiasts.

While Kangamoon (KANG), BRETT, and BEERCOIN (BEER) offer exciting opportunities for crypto investors, it is important for investors to due diligence before investing due to the volatile nature of cryptocurrency projects.

The post BRETT, BEERCOIN (BEER) prices soar but KangaMoon (KANG) is spoiling the party appeared first on CoinJournal.

• Sushi is now live on Bitcoin (BTC) sidechain Rootstock
• Rootstock’s integration with the decentralised exchange (DEX) will expand DeFi on Bitcoin.
• Users can now leverage Sushi’s advanced trading functionalities and other features while tapping into Bitcoin’s security and decentralisation.

SushiSwap, a decentralised exchange (DEX) deployed across over 30 blockchains, is now live on Rootstock, a pioneering Bitcoin (BTC) sidechain.

The Sushi team announced the integration with Rootstock, which seeks to bring decentralised finance (DeFi) to the Bitcoin ecosystem, on Thursday. 

SUSHI price rose slightly after the news, increasing by about 3% to reach $1.23.

Major news as Sushi integrates with Bitcoin sidechain Rootstock

Rootstock is the first EVM-compatible Bitcoin (BTC) sidechain, having launched in 2018 as the crypto industry experienced exponential growth across smart contracts projects.

With security enhanced via Bitcoin’s mining mechanism, Rootstock aims to expand the world of DeFi on Bitcoin through Ethereum-compatible smart contracts. The network provides for the critical features of high scalability, fast transactions and interoperability.

Sushi’s integration will allow SUSHI holders to trade and provide liquidity on the Bitcoin sidechain, with users able to tap into Bitcoin’s security and decentralisation.

The integration will allow for the expansion of SushiSwap’s trading functionalities to Rootstock’s DeFi ecosystem.

“This collaboration marks a significant expansion into the DeFi sector for Rootstock, enhancing its ecosystem with Sushi’s advanced trading functionalities. It also strengthens Sushi’s multi-chain expansion by adding Rootstock to the network, offering users diverse options for including Bitcoin in DeFi,” the Sushi team said in an announcement.

Sushi is therefore helping to bridge Bitcoin-Fi and DeFi, giving the community access to new opportunities that leverage BTC assets.

Some of the features Sushi brings to Rootstock are token swaps and liquidity provision. Users can leverage these via Sushi’s V2 and V3 Automated Market Maker (AMM), a DEX aggregator, and Route Processor 4 (RP4). The latter provides for efficiency and optimised trading.

Rootstock users can access DeFi protocols and other dApps using RBTC, a native token pegged 1:1 to BTC.

The post Sushi goes live on Bitcoin sidechain Rootstock appeared first on CoinJournal.

• Mantle price rose 6% to above $1.04, with gains coming as Bitcoin (BTC) retested the $71k level.
• MNT price had struggled to break out of a tight range.
• Network developments and the overall crypto market outlook could help MNT price higher.

Mantle (MNT) price currently changes hands around $1.04 after jumping more than 6% in the past 24 hours alongside Bitcoin’s spike to above $71,000.

The cryptocurrency’s daily trading volume is up 110% to over $13o million in this period as Mantle trends among the best performers in the top 100 coins by market cap.

MNT price surges amid crypto bounce

Today’s gains for MNT price came as Bitcoin price surge to above $71k, with bulls taking advantage as spot BTC ETFs recorded an 11th consecutive trading day of net inflows.

Analysts are bullish on BTC, and projections for ETH amid spot Ethereum ETF approval could also contribute to MNT price going up.

Notably, MNT surged more than 40% in March, breaking above $1 as bullish momentum eventually pushed the token’s value to an all-time high above $1.50 in April.

While MNT benefitted from listing on South Korea’s largest crypto exchange Upbit, the parabolic rise that catapulted BTC to its ATH may also have fueled the upswing. The project’s introduction of the Mantle Rewards Station also added to the positive sentiment.

Mantle price – are bulls ready to run?

While MNT price has struggled since dipping below $1.40 in mid-April, it’s likely a new push in the SocialFi and gaming dApps space has Mantle poised for a fresh rally.

Mantle recently revealed it had deployed a $5 million ecosystem fund to support projects such as MetaCene, Blade Games, Co-Museum and Fingerlabs. The initiative has boosted the network’s protocols across lending, liquid staking, DEX, yield and RWA.

Data from DeFiLlama indicates the Total Value Locked (TVL) across these projects has nearly doubled in the past month. Per the details, Mantle TVL currently stands at around $463 million, up from approximately $252 million in early May.

MNT price on the daily chart is within a key range marked by the Bollinger bands. If bulls break higher, a decisive move above $1.10 may allow for a retest of the resistance line at $1.26.

The RSI and MACD indicators, however, suggest bears are not completely out of the picture. Primary support levels in case of a downward flip would include $0.94 and $0.78.

The post Mantle price outlook: Here’s why MNT is soaring appeared first on CoinJournal.

• Coinbase has launched a Smart Contract Wallet with simpler onboarding and no gas fees.
• The smart contract wallet supports Ethereum, BNB, Polygon, and others for seamless transactions.
• Developers using the smart contract wallet can waive gas fees.

In a move to enhance user experience and streamline cryptocurrency transactions, Coinbase, one of the leading cryptocurrency exchanges, has unveiled its latest innovation: the Coinbase Smart Contract Wallet.

The groundbreaking smart wallet promises to revolutionize the way users interact with cryptocurrencies by eliminating gas fees and simplifying the onboarding process.

Key features of the Coinbase Smart Contract Wallet

Unlike traditional wallets that require users to manage complex recovery phrases and incur gas fees for transactions, the Coinbase Smart Contract Wallet offers a seamless and cost-effective solution.

One of the key features of the smart contract wallet is its simplified onboarding process. Users can create a new wallet and onboard onto a blockchain without the need to download additional apps or manage recovery phrases. Instead, the smart wallet integrates seamlessly with major applications and offers multiple authentication methods, including Face ID, fingerprint ID, and Yubikey.

Moreover, the smart wallet ensures self-custody, allowing users to have full control over their funds. Users can make payments directly from their Coinbase Wallet or Coinbase account, further enhancing convenience and accessibility.

Another notable aspect of the Coinbase Smart Contract Wallet is its integration with major blockchain networks.

At launch, the wallet will support a variety of networks, including Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB Chain, and Zora. This multi-chain support enables users to access a wide range of cryptocurrencies and decentralized applications (DApps) within a single platform.

Furthermore, Coinbase has introduced a unique feature that allows developers to waive gas fees by sponsoring transactions through a paymaster. This incentivizes developers to support the adoption of the smart wallet and contribute to a more seamless user experience.

The companion web app serves as the primary platform for users, offering comprehensive asset and identity management, as well as features such as buying, sending, swapping, NFTs, and transaction history.

Coinbase aims to provide users with a fluid and intuitive experience throughout their interactions with the smart wallet.

Loopring and Argent pioneered the smart contract wallets

Coinbase is not the first to launch a smart contract wallet. It is only building upon the growing trend of smart wallet technology in the cryptocurrency space.

The smart contract wallet technology was pioneered by companies like Loopring and Argent. The wallets offer enhanced security, usability, and cost-effectiveness compared to traditional wallet solutions.

The post New Coinbase Smart Contract Wallet eliminates gas fees and recovery phrases appeared first on CoinJournal.