Kategorie: Crypto Markets

• Frax Finance is looking to mirror Uniswap’s proposal to allocate protocol fees to stakers
• FXS price surged to highs of $9.64 and could break above $10 if bulls hold onto gains.

After the Uniswap Foundation released a proposal seeking to distribute network fees to UNI stakers, the team at Frax Finance have outlined a similar proposal. Frax Finance founder Sam Kazemian outlined this during an interview with CoinDesk.

The Frax Finance team had earlier hinted at this on February 23 via a post on X.

Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, mostly being conserved in the treasury now. Time to turn it back on? 👀 https://t.co/3Yd9oDV98A

— Frax Finance ¤⛓️¤ (@fraxfinance) February 23, 2024

FXS toke surges amid UNI-like proposal

Last week, the Uniswap (UNI) token jumped on news of the protocol’s revenue share proposal. Frax Finance’s governance token FXS is also rising after the project’s latest move. While the community rejected a proposal aimed at sharing revenue in 2022, the current outlook led by Uniswap could get the nod.

If it does, FXS holders can lock their tokens for veFXS, which would attract a share of the protocol revenue. Users can stake veFXS on Ethereum mainnet and on Fraxtal, the layer-2 protocol of Frax Finance.

FXS traded to highs near $11 on February 5. Today’s 8% spike pushed it to highs of $9.64, levels seen on February 20.

With the broader DeFi ecosystem witnessing a bump in prices amid UNI token’s surge last week, further gains for FXS could push it back above $10.

Above this, FXS could target $12, the March 2023 resistance level. Bulls could then eye the all-time high of $42.80 hit in January 2022. On the flipside, Frax Finance price has primary support at $8 and potentially $7.

The post Here’s why Frax Finance (FXS) token soared today appeared first on CoinJournal.

• Pullix (PLX) is now just days away from its presale close, with just 22% of tokens in stage 8 remaining.
• Pullix will debut its token on exchanges and hybrid exchange after the presale.
• PLX price could swiftly hit new highs upon listing.

Pullix, the new hybrid exchange aiming to redefine the DeFi trading market, is about to make headlines in the industry. The project’s presale is so close to the end that market anticipation is palpable. As of writing, only 22.7% of the PLX tokens remain in stage 8.

Amid this extreme bullish outlook, could Pullix (PLX) be on the verge of a remarkable 100x run?

Pullix presale end just days away

With over $7.7 million raised so far, Pullix is just 5 days away from a remarkable milestone. The project’s presale has only 22% of the available sale tokens remaining before stage 8 closes.

This is the final presale stage and the token will hit the market thereafter, with BitMart already announcing support for the PLX token. PLX will also list on Uniswap.

According to details on Pullix website, the presale is set to end on February 29, 2024. The team expects tokens to list on exchanges seven days after the close of the token sale.

Pullix’s hybrid exchange: what to know

Pullix (PLX) is a new trading platform encompassing the best of centralized and decentralized exchanges. It is a hybrid exchange.

The hybrid infrastructure provides a non-custodial platform and a solution to one of DeFi’s biggest problems – liquidity. Pullix also offers an unparalleled incentive program via its revenue-sharing mechanism and users can explore further passive income opportunities via staking.

For PLX holders, the passive income earning opportunities that come with Pullix’s hybrid exchange model isn’t the only factor that puts Pullix above potential competitors. The access that one gets in relation to features such as low fees, institutional liquidity and slippage-free trading are a huge plus.

The Gen Z trading community, which is keen on getting the best of both centralized and decentralized exchanges, will also find this the go-to solution for multi-currency trading and staking, yield farming and automated or AI trading.

As Pullix looks to bring its innovative “Trade-to-Earn” platform to the market, the anticipation within the crypto community is high.

Pullix (PLX) price prediction

Pullix has a bullish outlook amid the platform’s imminent launch. Swift adoption is likely given the massive interest the community has shown during the presale. 

The project’s innovative hybrid approach, DeFi’s resurgence and the additional perks that come with PLX are all positive factors that could help drive prices higher.

In this case, the current price of $0.14 in stage 8 could still be a great entry opportunity. Pullix’s strategic targeting of the growing crypto market, which sits at $2 trillion compared to the $7 trillion forex market, is also a key factor.

Pullix’s bull market performance could catapult PLX into one of the top 100 altcoins by market cap before the end of 2024. 

Learn more about Pullix here.

The post Pullix (PLX) extremely bullish ahead of highly anticipated market launch appeared first on CoinJournal.

• MicroStrategy has acquired an additional 3,000 Bitcoin (BTC) for $155 million.
• The company now holds 193,000 BTC acquired at an average price of $31,544.

Michale Saylor’s MicroStrategy is continuing with its Bitcoin strategy with another huge purchase of the flagship cryptocurrency.

MicroStrategy buys 3,000 more BTC

On Monday, the business intelligence company announced it had acquired an additional 3,000 Bitcoin (BTC) for $155 million. The company’s founder and Chairman Michael Saylor revealed the latest haul via his X account.

According to the announcement, MicroStrategy acquired the 3k BTC for an average price of $51,813 each. With this, the publicly listed company’s total Bitcoin holdings have increased to 193,000 BTC. The US-based firm has since its first purchase in 2020 accumulated bitcoin acquired for $6.09 billion.

In the grand scheme of things, MicroStrategy’s Bitcoin acquisition has been at an average price of $31,544.

MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P

— Michael Saylor⚡️ (@saylor) February 26, 2024

MicroStrategy’s latest purchase came as BTC price retreated from the recent highs of $53,000. While some analysts say BTC could dip below $50k and likely bounce from the $48k support level, many remain extremely bullish.

On February 20, Saylor called BTC “the exit strategy” highlighting his company’s long term view.

The company bought $615 million worth of BTC in December 2023.

The post MicroStrategy buys additional 3,000 Bitcoin worth $155M appeared first on CoinJournal.

• AltSignals (ASI) recently listed on crypto DEX platform Uniswap.
• Analysts have shared major predictions for Bitcoin (BTC) as price hovers near $51k.

As Bitcoin bulls struggle to hold prices above $51k, a crypto analyst has shared a potential bearish flip that could see BTC price trade to $48k. Here’s the price outlook for AltSignals.

BTC price to $48k? Analyst points to on-chain metric

Bitcoin price rose to above $53k on February 20, hitting the highest level since December 2021. While the bellwether cryptocurrency’s market cap remains above the $1 trillion mark hit this month, prices have revisited the $50.6k level on multiple occasions.

A crypto analyst has shared a Bitcoin price prediction suggesting BTC could dip to lows of $48k. On-chain and data analytics platform CryptoQuant shared the analyst’s view on X on Monday.

Per the prediction, the 30-day moving average of Bitcoin’s short term Holder SORP metric shows it’s near the selling zone for short-term investors. The technical chart also shows BTC trading below the resistance, with a breakdown likely to push prices to the $48k area.

On the other hand, crypto analyst Ali says Bitcoin could retest the $53k level and target $60.5k amid its megaphone pattern formed on the daily chart.

What could this mean for the altcoin market, for AltSignals price? Largely, declines for Bitcoin have seen the broader market react lower. 

Likewise, a mega rally has often injected new upside momentum in altcoins, likely to be led by ETH as spot Ethereum ETF excitement builds up. A recent report showed 84% of crypto investors see Bitcoin hitting a new all-time high in 2024.

AltSignals: Trading signals enhanced by AI

AltSignals has consistently returned win rates averaging 64%. Traders have benefitted from thousands of signals across stocks, crypto and forex among other markets.

With business on the upside since its debut in 2017, this trading signals platform is now getting ready for the next chapter of growth. It seeks to capitalize on the Artificial Intelligence (AI) boom by integrating a new AI stack dubbed ActualizeAI.

The platform aims to increase its algorithm’s average win rate from 64% to over 80%.

Elsewhere, the AltSignals roadmap includes the licensing of ActualizeAI and launch of Actualize Pass NFT marketplace. There are also plans to partner with other platforms to enhance adoption.

The native token is ASI, which offers holders access to the AI ecosystem.

AltSignals price prediction: Will ASI token explode 2024?

The ASI token recently listed on the decentralized exchange (DEX) platform Uniswap, having successfully navigated its presale that closed in December last year.

As the AI narrative strengthens and crypto markets expand, AltSignals (ASI) looks primed to be one of the top investing opportunities in the market. In the short term, a dip across the market may see ASI token struggle too.

If the market rallies as anticipated amid Bitcoin’s halving and other tailwinds, the value of ASI could rise significantly. The potential for the AltSignals’ price to 100x is there given the likely demand for ActualizeAI.

The post AltSignals (ASI) outlook amid expert’s “huge” Bitcoin (BTC) prediction appeared first on CoinJournal.

• OVERDARE partners with Circle for Web3 integration in mobile gaming, empowering creators worldwide.
• Integration of Settlus network by OVERDARE ensures transparent revenue distribution on blockchain.
• The global launch of the OVERDARE platform is expected in the second half of 2024.

In a significant milestone in the convergence of blockchain technology and mobile gaming, OVERDARE, a joint venture backed by gaming giants KRAFTON and NAVER Z Corporation, has announced a strategic partnership with Circle Internet Financial.

This collaboration aims to reshape the landscape of mobile user-generated content (UGC) gaming by integrating Circle’s Programmable Wallets into the OVERDARE platform, facilitating seamless transactions and empowering creators worldwide.

Empowering creators with web3 integration

At the core of this alliance lies OVERDARE’s innovative UGC mobile gaming platform, aptly named OVERDARE. Designed with advanced AI-generative tools and features, the platform promises an immersive experience tailored to both gamers and creators. Additionally, OVERDARE introduces the ‘OVERDARE Studio,’ a comprehensive PC-based creative suite offering innovative tools for creators to personalize gaming experiences within the platform.

To enhance the creator-centric ecosystem further, OVERDARE integrates the Settlus network, simplifying interactive content licensing and enabling transparent revenue distribution on the blockchain. This integration streamlines asset ownership, licensing, and monetization, fostering a scalable model for creators across different platforms.

In a bid to revolutionize IP and income management, OVERDARE leverages Circle’s Programmable Wallets for IP trading and USDC revenue payouts. This solution ensures a seamless transition for creators from traditional Web2 platforms to Web3, emphasizing user-friendly asset management and secure transactions. The partnership with Circle provides creators with reliable access to their earnings, empowering them to thrive in the burgeoning metaverse and gaming sectors.

As the global launch of the OVERDARE platform approaches in the second half of 2024, excitement continues to build within the gaming and blockchain communities. This partnership signifies a significant step towards realizing the potential of Web3 integration in mobile gaming, empowering creators and revolutionizing the digital entertainment landscape.

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