Kategorie: Crypto Markets

• Bitcoin price has touched highs of $68,000 on Coinbase.
• The Bitcoin market cap has surpassed that of Meta Platforms, rising to $1.32 trillion compared to $1.27 trillion.

Bitcoin’s incredible rally over the past few days has extended with another huge upside today. After retreating to lows of $61k last week, Bitcoin price rose more than 7% in 24 hours to hit highs of $68,000 on crypto exchange Coinbase on Monday.

The surge saw BTC add more than $4,100 to its value, with the leading cryptocurrency closing in on its all-time high reached in 2021. During that bull cycle, the price of Bitcoin rallied to highs of $69,044. Per today’s performance, Bitcoin is less than 2% from that peak.

With spot Bitcoin ETFs frenzy on and the supply shock of the upcoming halving, analysts are saying that BTC still has a lot of room to grow. ETF analyst Eric Balchunas says the trading volume seen last week is more of “new normal than anomaly.”

The ten bitcoin ETFs a virtual lock to clock their second biggest volume day today. So looks like the big bump up in trading activity last week was more new normal than anomaly. pic.twitter.com/dOfIQ7hhS2

— Eric Balchunas (@EricBalchunas) March 4, 2024

As Bitcoin price surges, its market cap has surpassed that of top assets such as Visa, Tesla, Broadcom and TSMC. On Monday, the bellwether crypto hit $1.32 trillion in market cap, surpassing Meta Platforms that ranks 10th amongst largest assets by market cap with $1.28 trillion.

Bitcoin is now just behind Silver in 9th, with the precious metal in 8th spot with a market cap of $1.358 trillion.

The post Bitcoin set for new all-time high as price hits $68,000 appeared first on CoinJournal.

• The Graph has experienced a monthly growth of 75.7%, making it one of the most profitable altcoins.
• Dogecoin rose by 55.8% in the last seven days as investors’ sentiment improved.
• Having already raised $2.6 million since the beginning of its crypto ICO, NuggetRush continues to gain momentum in attracting the attention of investors.

Growing 75.7% in the last month, The Graph has emerged as one of the most impressive cryptos in the market. 

Dogecoin has also jumped up about 55.8% on the weekly scale, highlighting the growing market sentiment. Meanwhile, NuggetRush’s successful crypto ICO has seen it raise over $2.6 million.

NuggetRush (NUGX) presale continues to gain traction 

NuggetRush (NUGX) has had one of the most outstanding presales in the crypto sector. The NuggetRush team has managed to raise about $2.6 million from both retail and whale investors while selling more than 203 million NUGX tokens in the process.

The platform that NuggetRush proposes entails some features that can benefit its users. It provides for competitive gaming, the most traded NFTs, staking, and earnings from playing the aforementioned gold mining play-to-earn game.

Thus, players have two operational options: they can either create a mining company from scratch by taking on workers, leasing equipment, and selling the mined resources for financial gain, or they can buy, transfer, and upgrade an already existing mining company. Even more interesting, these rewards can be changed to real gold, exciting users ahead of its launch. 

The Graph (GRT) price analysis 

The Graph (GRT) has joined other top crypto coins in the green region as it displays a monthly gain of 75.7%. During the past month, the price of the altcoin soared from a monthly low of $0.1501 and peaked at $0.3091.

However, the weekly price chart showed a gain of only 0.3% despite other altcoins recording double-digit gains during this period.

Despite the stagnant weekly price movement, The Graph trades above the 50-Day SMA ($0.183737) and 200-Day SMA ($0.143015), a sign that bulls are leading. Moreover, the token’s Fear & Greed Index is showing 80 (Extreme Greed). 

With this bullish momentum, the price of The Graph is predicted to rise by 10.16% and hit $0.314650 in the coming weeks. However, the reverse could be the case if negative sentiment enters the market.

Dogecoin (DOGE) price gains 55% amid Bitcoin rally

Unlike The Graph, Dogecoin (DOGE) is bullish on the weekly price chart. Per information from CoinMarketCap, the price of Dogecoin has recorded a massive 55.8% pump. This upward price movement took Dogecoin from a weekly low of $0.08323 to a high of $0.133. 

On top of the weekly bullish performance, market analysis also shows that there have been monthly gains of 62.7%, which goes in line with the meme coin thesis. The price rally happened after Bitcoin crossed $63,000 after two years. Meme coins and Dogecoin benefited the most from the recent rise of Bitcoin.

At the moment, DOGE’s RSI value is above 80, which is a considerable signal of the market’s overbought condition. As a result, the DOGE price can be expected to go up in the next trading sessions.

Conclusion

The positive momentum in the market, evidenced by The Graph and Dogecoin’s upward price movement, spells good news for NuggetRush fans. 

NuggetRush will be launching its project in the next few weeks and can capitalize on the positive market in the market.

Visit the NuggetRush Presale Website

The post The Graph and Dogecoin price surge as NuggetRush hit $2.6 million in presale appeared first on CoinJournal.

• PLX token price has increased by 250% through its presale stages.
• The presale has ended and the token now awaits listing on crypto exchanges.
• The first exchange to list PLX is expected to Uniswap with BitMart following after.

Pullix, an innovative DeFi protocol, has concluded its presale phase successfully, marking a significant milestone in its journey towards revolutionizing the cryptocurrency trading landscape.

The presale, which attracted a wave of interest from investors, has now paved the way for the listing of Pullix’s native token, PLX, on crypto exchanges with listing on Uniswap set for today.

Pullix: pioneering hybrid crypto exchange model

Pullix emerges as a pioneering force in the DeFi sector, offering a unique blend of centralized and decentralized exchange features through its hybrid platform.

With a vision to challenge the status quo, Pullix aims to provide traders with unparalleled opportunities to earn rewards through its innovative “Trade-to-Earn” model.

The roadmap outlined by Pullix sets ambitious targets for its development within the first 12 months of the presale.

Phase 1, which commenced in 2023, saw the launch of the presale, followed by comprehensive development efforts, strategic marketing campaigns, and the acquisition of necessary licenses to ensure regulatory compliance.

Phase 2, spanning 2024, marked the completion of the presale, PLX’s launch on decentralized and centralized exchanges, beta platform launch, and the development of mobile applications for enhanced accessibility.

Pullix’s PLX toke presale success

The just-concluded presale phase of Pullix has garnered significant attention within the crypto community, raising substantial funds to fuel the project’s growth and development. Investors eagerly participated in the presale, demonstrating their confidence in Pullix’s vision and potential.

Throughout the presale stages, the price of PLX witnessed a steady rise, reflecting increasing investor interest and demand for the token. The presale started with the PLX priced at $0.04 and concluded with PLX valued at $0.14; reflecting a 250% price rise.

Is it too late to invest in Pullix?

With Pullix’s presale now concluded and the PLX token set to list on Uniswap today, investors may wonder whether it’s the opportune moment to engage with the platform.

Pullix’s innovative approach to decentralized finance, coupled with its strategic roadmap and promising outlook, presents a compelling investment opportunity for those seeking exposure to the burgeoning DeFi sector.

However, the decision to invest in Pullix should be based on careful consideration of individual risk appetite, investment objectives, and market conditions. While the project shows great potential for growth and innovation, investors should conduct thorough research and seek professional advice before making any investment decisions.

With that said, while the PLX may no longer be available for purchase in presale, investors will have the opportunity to buy it on Uniswap and other exchanges from today moving forward.

Conclusion

Pullix’s presale marks a significant milestone in its quest to redefine cryptocurrency trading.

With the PLX token listing on Uniswap today, investors have an opportunity to participate in Pullix’s innovative ecosystem and potentially reap the rewards of its pioneering approach to decentralized finance.

The post Pullix presale ends; PLX token lists on Uniswap today appeared first on CoinJournal.

• EigenLayer’s total value locked (TVL) has surpassed $10 billion.
• This puts the restaking protocol above Maker and just behind Aave in terms of TVL.
• The spike comes amid increased restaking activity and Ethereum price rallying to above $3,500.

EigenLayer, the staking protocol on Ethereum, has seen its total value locked (TVL) skyrocket to over $10 billion amid the surge in Ethereum (ETH) price.

With EigenLayer, users can “restake” tokens they have already locked up to help secure the Ethereum network. The restaking makes it possible for stakers to earn rewards for helping secure other ecosystem protocols.

EigenLayer TVL soars to $10 billion

According to data from DeFiLlama, the protocol’s TVL has increased sharply in the past month. 

On February 5, 2024, the EigenLayer TVL stood at $2.15 billion, but as Ethereum price climbed above $3k over the month, that surged to above $7.6 billion by February 24 and $10.3 billion by March 4, 2024.

ETH price also saw a decent spike over the month, rising more than 50% to highs of $3,500.

The platform has also seen a massive spike in ETH deposits, driven by increased activity around liquid restaking protocols. Per market data, February recorded the highest influx of deposited tokens, dwarfing December and August 2023.

Eigen Labs, the core development team supporting EigenLayer development, raised $50 million in a Series A round led by Blockchain Capital in March 2023. The round also attracted participation from other prominent investors, including Coinbase Ventures, Polychain Capital, Electric Capital and Ethereal Ventures.

In February this year, Eigen Labs, announced a $100 million raise from venture capital firm Andreessen Horowitz (a16z). According to EigenLayer Labs, a16z crypto was the only investor in the Series B financing round.

The post Staking protocol EigenLayer TVL hits $10 billion as ETH surges appeared first on CoinJournal.

• MAGA (TRUMP) sees bullish surge: +62,000% since Aug ’23, defying market norms.
• Bitcoin Dogs ICO is the first-ever BRC-20 ICO on the Bitcoin blockchain.
• The Bitcoin Dogs presale is ending in 11 days.

As the cryptocurrency market continues to witness unprecedented volatility, one token that has been grabbing headlines is MAGA (TRUMP).

With its recent surge in value and the trending Bitcoin Dogs ICO nearing the $7 million mark, investors are keeping a close eye on MAGA’s price movements and the developments in the Bitcoin Dogs project.

MAGA (TRUMP) bullish trend

Over the past few weeks, MAGA (TRUMP) has experienced a remarkable surge in value, defying market expectations and outperforming many established cryptocurrencies. Since its launch in August 2023, MAGA has witnessed an astonishing increase of over 62,000%, making it one of the top-performing meme coins in the market.

The recent price rally of MAGA can be attributed to several factors. Firstly, the token’s association with former President Donald Trump has garnered significant attention, attracting supporters and investors. Additionally, MAGA’s unique value proposition as a meme coin tied to Trump’s 2024 election campaign has fueled speculation and interest among traders.

Furthermore, the token’s utility, with a 1% transaction fee allocated to support U.S. veterans, combat child trafficking, and fund marketing, development, and liquidity, has added to its appeal.

MAGA’s performance in the market has been bolstered by its active community engagement and the PoliFi experiment, blending politics, finance, and community involvement.

MAGA (TRUMP) price prediction

As bulls take control of MAGA’s price trajectory, analysts are optimistic about its future performance. According to historical price movements and considering BTC halving cycles, the yearly low price prediction for MAGA in 2025 is estimated at $0.222161, while the high price prediction could reach as high as $0.445345.

Looking ahead, analysts project a steady increase in MAGA’s value, with potential price predictions for each year up until 2030. Despite market volatility and uncertainties, MAGA’s bullish trend suggests that it could continue outperforming expectations, offering significant opportunities for investors seeking exposure to meme coins with strong fundamentals.

Bitcoin Dogs: revolutionizing the crypto space

Amidst the excitement surrounding MAGA’s price movements, the cryptocurrency community is also buzzing about the upcoming Bitcoin Dogs ICO. Bitcoin Dogs aims to revolutionize the crypto space by conducting the first-ever ICO on the Bitcoin blockchain, signalling a new era of innovation and adoption.

The project’s roadmap outlines ambitious goals, including the launch of the BRC-20 token ($0DOG), listing on cryptocurrency exchanges (CEX), the introduction of NFTs, gaming beta, play-to-earn (P2E) partnerships, and the development of the Dogaverse metaverse. 

With a clear vision and strong community support, Bitcoin Dogs has already raised over $6.8 million, with the presale closing in 11 days.

Bitcoin Dogs presale: 11 days to go

With only 11 days remaining for the presale to end, investors are flocking to the Bitcoin Dogs presale to secure their stake in the project. The current presale price stands at $0.0312 per token, with the next stage price set to increase to $0.0343.

The presale has already raised $6,806,062.19 in less than three weeks since it was launched; showing the confidence that investors have in the success of the project that is pegged on Bitcoin, which has also been making waves as its price maintains above $64,000.

Conclusion

As MAGA (TRUMP) experiences a bullish trend and the Bitcoin Dogs ICO approaches the $7 million mark, the cryptocurrency market is witnessing unprecedented excitement and anticipation.

With promising price predictions for both MAGA and Bitcoin Dogs, investors have much to look forward to in the coming months.

The post MAGA (TRUMP) price prediction as Bitcoin Dogs ICO nears $7M appeared first on CoinJournal.