Kategorie: Crypto Markets

As the cryptocurrency market battles downside pain, several altcoins have dipped to levels where they present the greatest opportunity for upside returns. Analysts at Santiment have identified Storj (STORJ) and Synthetix (SNX) as two of these altcoins.

Elsewhere, there’s fresh interest in KangaMoon (KANG), a project whose presale shows increasing confidence from crypto investors.

Analysts spotlight buy opportunity for STORJ, SNX

As Bitcoin price fell to lows of $61k on Tuesday, a key metric suggested a number of altcoins are largely underbought and currently hover in the buy zone.

Analysts at market intelligence and analytics platform Santiment have pointed to its MVRV Opportunity & Danger Zone Model for this prediction.

According to Santiment, “projects with minimal returns compared to the rest of the sector have a higher probability of a more efficient rebound for those who are willing to ‘buy the dip’”. This is the outlook for tokens such as Bounce, Lido, OMG, Storj and Sythentix Network.

STORJ currently trades near $0.67, with an 8% gain in the past 24 hours. However, the altcoin’s price is down more than 23% in the past 24 hours and is 82% off its March 2021 all-time peak of $3.81.

SNX price is currently at $3.73, up nearly 5% in the past 24 hours. Like STORJ, Synthetix Network price is down over the past week.

CoinGecko data shows SNX/USD has declined more than 26% during this period and is down more than 87% since its all-time high of $28.53 reached in February 2021.

KangaMoon attracts as presale surpasses $2.2 million

KangaMoon (KANG) is currently one of the hottest projects in presale.  The combination of meme culture, SocialFi and Play-to-Earn (P2E) elements has the community excited for what lies ahead.

In particular, its KangaMoon seeks to redefine the blockchain gaming sector by offering its community an earning opportunity right from its presale phase.

Rather than wait for the presale to conclude, this project has rolled out rewards for the community. One can earn as they play, interact and experience the KangaMoon ecosystem.

Specifically, KANG holders can earn more by competing in and completing weekly, monthly and quarterly challenges. This is what has put KangaMoon into the limelight, and one of the reasons the market sees it as one of the top DeFi ecosystem projects.

KANG outlook: Is now a good time to buy?

When the project launches, it will give KANG holders an exclusive chance to monetize their gaming time.

As such, there is a possibility that KangaMoon becomes a top GameFi token. It could also challenge meme coin leaders such as Dogecoin and Shiba Inu. Investors keen to get KANG ahead of its listing also target the early bird opportunity.

At its current stage 4 presale price of $0.014, KANG is still heavily discounted and attractive. More so, its value was at $0.005 in stage 1, suggesting paper gains of up to 180%. The presale is ongoing and the whitepaper highlights more about this project.

Interested? Get more details on the website.

The post STORJ and Synthetix Network in opportunity zone; KangaMoon (KANG) attractive appeared first on CoinJournal.

Key takeaways

• The Bitcoin Dogs presale has ended and the project has raised nearly $13.5 million.

• The team is now working to list $0DOG on exchanges while allowing investors to claim their tokens. 

What is Bitcoin Dogs?

The cryptocurrency market has been bearish over the last few days but that hasn’t stopped new projects from raising funds. Bitcoin Dogs is one of the projects on the Bitcoin blockchain that is attracting interest from investors. 

It is a unique project as it is the first BRC-20 ICO on the Blockchain network. Bitcoin Dogs is offering investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. 

The Bitcoin Dogs presale lasted for only a month and it raised more than $13 million. The team is now preparing to list the $0DOG token on decentralised and centralised exchanges. 

The presale launched right after the US SEC approved 11 spot Bitcoin ETFs. Despite a recent decline in inflow, the spot Bitcoin ETFs launched by BlackRock, Fidelity, and others have already attracted billions of dollars in the last two months. 

In addition to that, the Bitcoin halving is barely a month away. It is an exciting event that reduces the reward for Bitcoin mining by half and could see BTC’s price soar higher in the near term. These factors contributed to making Bitcoin Dogs’ ICO a special one in the market. 

Bitcoin Dogs presale ends after raising $13.495 million

The Bitcoin Dogs presale has officially ended, with $13.495 million raised. This amount was raised within a month, indicating high interest amongst investors for this project and its token. 

The team said they will only mint 900 million $0DOG tokens. However, token holders would be granted access to an exclusive NFT collection and an immersive gaming ecosystem. 

With the presale now over, Bitcoin Dogs is already looking at the next stage. According to the development team, the next step is to get the $0DOG token listed on cryptocurrency exchanges. 

$0DOG tokens are minted on the Bitcoin blockchain. In addition to listing the token on crypto exchanges, Bitcoin Dogs will let investors know how they can claim their $0DOG tokens. The team will provide instructions on claiming $0DOG so investors can trade it.

Should you buy $0DOG once it lists on exchanges?

The Bitcoin Dogs presale has officially ended, with the team raising nearly $13.5 million in the process. This means that purchasing the $0DOG token would only be possible via cryptocurrency exchanges. 

The project is leveraging Bitcoin’s ongoing rally and its token could also benefit from the Bull Run. $0DOG could become a winner in this bull cycle as Bitcoin Dogs is the first ICO on the Bitcoin blockchain. 

With the right level of adoption, the $0DOG token could become one of the biggest winners in the market over the next few months and years.

The post Bitcoin Dogs prepare for exchange listing after raising $13.4m in presale appeared first on CoinJournal.

• Square Enix has made a strategic investment in Web3-native game platform HyperPlay.
• HyperPlay will use the funding to scale its game store.

Square Enix, the gaming giant behind such titles as the Final Fantasy and Kingdom Hearts, has invested in Web3-native game store HyperPlay.

HyperPlay shared news of the strategic investment on March 19, 2024.

“Today, we’re thrilled to share that HyperPlay has received a strategic investment from none other than Square Enix. This partnership marks the beginning of an exciting journey as we collaborate to revolutionize gaming distribution models,” HyperPlay posted on X.

Partnership also brings SYMBIOGENESIS to HyperPlay

While it did not disclose the investment amount, HyperPlay said in press release that it will use the funding to expand its game store

The partnership also includes the addition of SYMBIOGENESIS®, Square Enix’ first Web3 game title to the HyperPlay game store.

This brings a new NFT-based entertainment to the HyperPlay storefront, with 10,000 collectible artworks adding to the game’s utility.

All 10,000 NFT characters have a unique design, with various races and professions and bust-up pictures that can be used as PFP. They will be sold as each chapter (of a total of 6) is unveiled.

— HyperPlay (@HyperPlayGaming) March 19, 2024

Commenting on the investment, Square Enix General Manager of Investments Hideaki Uehara said:

“Square Enix is very excited to be investing and partnering with HyperPlay. We believe the HyperPlay team has built an extraordinary product for improving the distribution of games and creating new business models that are more beneficial for game developers.”

The HyperPlay game store also works as an aggregator, bringing titles from other storefronts such as the Epic Games Store. This allows for access to a unified hub, with the latest games available free to players.

The post Square Enix invests in Web3 and NFT gaming platform HyperPlay appeared first on CoinJournal.

Dune, a leading data analysis and visualization platform, has introduced comprehensive analytics for Polkadot (DOT), Kusama (KSM) and six top parachains.

An announcement the platform shared on March 19 stated that Dune has integrated with indexer Colorful Notion to facilitate this. Now users can access Polkadot ecosystem data to Dune users for the first time.

Users can now query DOT and KSM relay chains on Dune. Also available is data analysis for AssetHub for Polkadot, Hydradx, Astar, Bifrost, Interlay, and Centrifuge parachains, according to details in the announcement.

“Visualization is a key factor in making technology tangible to the vast majority of people. Deep integration of Polkadot data into Dune is a key step which makes analysis and consequently, usage of Polkadot, much more accessible,” Robert Habermeier, Polkadot co-founder, said.

Unearth data and analytics on Dune

The partnership between Dune and Colorful Notion enables analysts, developers, among others to explore Polkadot’s ecosystem activities, tapping into tools that provide for clarity and precision. Users can share these data results with the broader community.

Some initial dashboards Colorful Notion has unveiled for Polkadot include staking activity governance voting analysis.

On-chain activity users can unearth via the integration include decoded Substrate block data tables, calls, events, transfers and in-depth snapshots of selected storage maps. Dune will onboard all other Polkadot parachains in due course.

Earlier this month, Dune announced its integration with Aptos, bringing data accessibility to decentralized applications (dApps) on Aptos.

The post Polkadot, Kusama analytics go live on Dune appeared first on CoinJournal.

• BOOK OF MEME (BOME) price surged 1,180% over the last week drawing the attention of a majority of crypto investors.
• However, the past few days have seen the Solana-based meme coin drop drastically to $0.01159 at press time.
• At the same time, Kangamoon’s $KANG presale is gaining momentum after entering stage 4.

Amidst the frenzied excitement surrounding the Kangamoon project’s presale, the Solana-based meme coin, BOOK OF MEME (BOME), finds itself at the centre of attention once again.

Recent developments in the BOME market have sparked intense speculation among investors, leading to discussions about its future trajectory.

Let’s delve into the latest updates and predictions for BOME’s price as the Kangamoon presale gains momentum.

BOOK OF MEME (BOME) plunge after huge gains

After a 1,180% price surge following its listing on Binance, BOME has experienced a significant price drop over the past few days, sending shockwaves through the crypto community.

The catalyst behind this sudden downturn was the sell-off of 340 million BOME tokens by the top holder address, Sundayfunday.sol. This massive sell-off resulted in a profit of $3.62 million and triggered a 47% decrease in BOME’s value within 24 hours.

The sell-offs were conducted in seven instalments by Sundayfunday.sol caused BOME’s price to plummet, leaving investors concerned about the coin’s stability and future prospects.

BOOK OF MEME price prediction

Despite the recent price drop, analysts and experts are divided on their predictions for BOME’s future price trajectory. While some forecasters remain optimistic about its potential for recovery, others are more cautious, citing ongoing market volatility and uncertainty.

DigitalCoinPrice predicts BOME to reach $0.0229 by the end of 2024, while PricePrediction.net expects it to hover around $0.0183.

Coin Edition’s projection is slightly lower, estimating BOME to close the year at $0.018.

These predictions underscore the uncertainty surrounding BOME’s price outlook and highlight the need for investors to exercise caution and conduct thorough research before making investment decisions.

Kangamoon’s ongoing token presale

Amidst the turbulence in the BOME market, the Kangamoon project continues to gather steam with its ongoing $KANG token presale.

In a nutshell, Kangamoon aims to revolutionize the meme coin landscape by integrating SocialFi and Play-To-Earn elements, creating a dynamic and engaging ecosystem for users. The presale has garnered significant attention, with investors eagerly participating in the early stages of the token sale.

So far, the $KANG presale has raised substantial funds, with $2,157,154.325 already collected.

The current price of the $KANG token stands at $0.014, offering investors an opportunity to acquire tokens at an attractive rate.

As the presale progresses to the next stage, anticipation mounts among the community, with expectations of increased participation and support for the Kangamoon project.

Conclusion

The BOOK OF MEME (BOME) price prediction remains a topic of intense debate and speculation as the Kangamoon presale gains momentum.

While recent developments have cast a shadow over BOME’s price stability, the project’s potential for growth and innovation cannot be overlooked. But as BOME suffers from market volatility, Kangamoon’s presale seems to be attracting the attention of investors with its quickly selling-out presale.

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