Kategorie: Crypto Markets

• ERC-404 tokens have plummeted, with PANDORA and DEFROGS seeing huge declines in the past 24 hours.
• Pullix (PLX) is getting closer to its hybrid exchange launch and the PLX presale has surpassed $5.3 million.

While crypto markets heat up amid recent gains, the ERC-404 token ecosystem has experienced a significant decline. In the past 24 hours, PANDORA, DEFROGS and RUG have all seen double-digit losses. Meanwhile, and away from the experimental token standard on Ethereum, new platform Pullix (PLX) is edging closer to its launch.

PANDORA leads ERC-404 slump

As noted above, ERC-404 is the experimental token standard on the Ethereum blockchain aimed at enabling more liquidity and fractionalization by bridging fungible tokens and non-fungible tokens (NFTs).

On Monday, data from CoinGecko showed that tokens in this category – Pandora, DeFrogs, Rug and Crystal – had all plummeted more than 20% in 24 hours. PANDORA was down 30%, DEFROGS 33%, RUG 28% and CRYSTAL 23%. The sector market cap was down 37% to $152 million.

Last week, PANDORA price surged past $32k. However, it has pared more than 50% of that in the past three days. The declines came as the sector, more like NFTs during the last bull market 2021, drove Ethereum gas fees to eight-month highs. Per on-chain data, ETH gas fees averaged about $60 per transaction as the market rose.

It should be noted that ERC-404 is not an official Ethereum token standard.

Pullix (PLX): The new hybrid exchange

Pullix (PLX) is a hybrid exchange whose design could be the perfect fit for traders in the DeFi industry. The platform is in presale, but when it launches, will offer access to a trading environment that boasts of the best of CEXs and DEXs.

The exchange’s native utility token is PLX.

Traders will access all asset types, including commodities, forex and crypto – all without the problem of liquidity. While users will access non-custodial trading, and tap into institutional-level liquidity, the platform’s innovative profit sharing model stands out as one tailored for the trader. The revenue-sharing mechanism will offer an extra passive income opportunity to PLX holders.

Other features such as DeFi swap, copy trading, yield farming, and staking put PLX right at the top of tokens with a greater incentive outlook for holders than most other exchange tokens.

Pullix token set to jump 40%

Ahead of its launch, Pullix has raised more than $5.3 million from early adopters. The presale has reached stage 7, and will soon hit the final stage 8 with price jumping from $0.1 to $0.14. This indicates a potential 40% return for participants who join the current stage.

Having seen PLX price during the presale rise from $0.04, market analysts are predicting the exchange’s launch could see its native token stand out as the next 100x gem.

To learn more about Pullix, visit its website or join the presale.

The post Pullix (PLX) solid as ERC-404 tokens Pandora, DeFrogs plummet appeared first on CoinJournal.

• The S&P 500 rose to a record 5,000 amid a five-week winning streak buoyed by surging shares of Nvidia and other AI stocks.
• AltSignals’ AI stack ActualizeAI is poised to change the trade landscape.
• ASI token recently listed on Uniswap after a successful presale.

As the S&P 500 logged another winning week to close above 5,000 for the first time ever, buoyed by an explosive showing by artificial intelligence (AI)-related stocks.

In the cryptocurrency space, Bitcoin moved to near $49k as it notched positive moves to suggest the coming months could be huge for investors. Do these developments make AltSignals (ASI) one of the altcoins to watch?

S&P 500 surges to historic 5,000 amid AI boost

On Friday, the benchmark equity index S&P 500 closed higher once more as weekly gains hit five consecutive weeks. The surge to the $5,000 mark was the first time the S&P 500 had hit these levels, and analysts have noted that a lot of the momentum has come from AI-related stocks.

Among top performers are the shares of Nvidia, which has surged nearly 50% year-to-date. Palantir, AMD have also soared, as has Microsoft.

The tech giant’s recent Super Bowl ad highlighted its AI-powered chatbot Copilot, with recent events suggesting the company sees artificial intelligence as a promising sector. This is the outlook for most of the companies to pivot strongly towards AI in recent months.

In crypto, projects looking to tap into AI are also seeing decent market traction. With blockchain at the heart of these projects, the adoption of AI-powered mechanisms and infrastructure is helping bring new capacity to users. 

Analysts say a boom in stocks amid growing adoption of artificial intelligence bodes well for crypto.

AltSignals takes aim at AI crypto trading

AltSignals is a trading platform that continues to see remarkable transformation and adoption, having launched in 2017. The target remains providing access to trading signals.

However, it’s revamping the proprietary algorithm AltAlgo with an AI layer. It’s ActualizeAI that’s the key to AltSignals’ potential market dominance.

When successfully integrated, ActualizeAI, the new AI layer, AltSignals will completely overhaul the way traders access and leverage trading signals for crypto, forex and stocks among other markets.

With its AltAlgo platform, AltSignals has achieved a consistent accuracy average of 64%. With ActualizeAI, the average accuracy level for signals will be 80%.  This shift comes into effect via a suite of AI-powered inputs, which will leverage machine learning, natural language processing and predictive modelling among other features to bolster signals.

ActualizeAI: powered by the ASI token

ASI is the utility token that powers the ActualizeAI ecosystem. The total supply is 500 million tokens, 58% of which were available during the presale.

The token was recently listed on Uniswap after a successful presale that raised $1.8 million. With investor attention rising and future developments adding to the token utility and outlook, buying ASI now may be a great move for investors eyeing the AI narrative.

As a crypto related project, AltSignals could benefit not just from the momentum across AI stocks, but cryptocurrencies as well. In particular, Bitcoin price is likely to smash past $50k ahead of its halving and a broader crypto market uplift could catapult ASI higher. 

Get more details about this project on its website.

The post AI boom helps S&P 500 to record; just the beginning for AltSignals? appeared first on CoinJournal.

• Crypto.com says the campaign targets high net worth traders and will offer an uncapped 1% deposit bonus on eligible tokens and fiat currency.
• The campaign period is from February 8, 2024 to April 7, 2024.
• Crypto.com Prime membership is currently invite-only.

Crypto.com has introduced a launch campaign offering exclusive privileges for high net worth traders opting into the crypto exchange’s recently introduced Crypto.com Prime programme.

According to Crypto.com, high net worth traders opting into Prime will also enjoy near-zero trading fees and benefit from the exchange’s $1 million account protection.

Prime also offers access to institutional-grade trading tools, a dedicated relationship manager and bespoke inheritance and tax services.

The programme is currently invite-only and runs from February 8, 2024 to April 7, 2024. To participate, high net worth traders will have to activate their Prime membership after receiving an invitation.

Crypto.com Prime users eligible for 1% deposit bonus

During this period, eligible deposits will receive an uncapped 1% bonus – applicable to eligible tokens and fiat currency. For instance, a user who activates their Prime membership with a deposit of $500,000 in eligible tokens and $400,000 in fiat during the campaign period will get a 1% deposit bonus of $9,000.

All bonuses received during the campaign will be paid in the native CRO token. 

However, customers should note that the bonus is subject to a 24-month lock up from the end of the campaign period. Crypto.com also says deposit amounts will be subject to a pro-rata rate, with this based on the account’s AUM during the said lockup period.

For eligible tokens, Crypto.com has listed BTC, ETH, CRO, USDT, USDC, PYUSD, XRP, SOL, ADA, AVAX, DOT, MATIC, DOGE, and OP. The eligible fiat currencies are USD and EUR.

Crypto.com says the Prime offer is “strictly optional.” Participation is but will be open to Crypto.com App users who have completed all onboarding procedures, including KYC identification. The exchange details how to become a Prime member on its website.

The post Crypto.com launches uncapped 1% deposit bonus for Prime users appeared first on CoinJournal.

• Binance Coin (BNB) price has soared by 7% in the last seven days recovering from its recent drop.
• However, BNB price prediction suggests potential highs of $480 in 2024.
• Pullix emerges as a hybrid DeFi protocol bridging decentralized and centralized exchanges.

From regulatory hurdles facing Binance to price movements of the Binance Chain’s native token Binance Coin (BNB) and the emergence of Pullix, the crypto community is witnessing a dynamic interplay of factors shaping the industry’s future.

In this news article, we delve into recent BNB price movements, future BNB price predictions, and explore the innovative features of Pullix and its native token, PLX.

BNB price surge and influencing factors

Binance Coin (BNB), the native cryptocurrency of the world’s largest exchange, Binance, has experienced a series of noteworthy price movements. In 2021, BNB soared from $40 to a high of $690, only to face a subsequent decline.

While the decline in BNB’s value can be partly attributed to Binance’s turmoil with the US regulatory authorities and other regulatory authorities around the world, the token has shown some resilience in the past few days registering a significant bullish trend. In the past 7 days, the token has gained 7% pointing to a possible long-term surge.

The most recent regulatory handle was the temporary halt in the Netherlands. However, Binance expressed its commitment to collaborating with Dutch regulators, signaling its dedication to compliance. The interplay between regulatory dynamics and Binance’s response will be a pivotal factor influencing BNB’s price trajectory in 2024.

BNB price prediction

Anton Kharitonov, an analyst at Traders Union, projects a potential high of $480 for BNB by the end of 2024.

However, the outcome hinges on Binance’s ability to work with global regulators successfully. The ongoing case against the SEC and relationships with governments worldwide pose uncertainties. If regulatory agreements are reached, BNB may experience a recovery. Conversely, failure to secure agreements could lead to trading halts in multiple countries, potentially resulting in a minimum price of $250 and an average of $365.

Pullix Exchange: bridging decentralization and centralization

Amidst the challenges facing Binance, currently the largest cryptocurrency exchange by trading volume, a new hybrid exchange called Pullix has emerged. Pullix emerges as a new DeFi protocol aiming to bridge the gap between decentralized and centralized exchanges.

Pullix proposes a hybrid trading platform, combining the strengths of both worlds to address liquidity issues that have hindered the growth of decentralized exchanges.

The platform offers a user-friendly experience with features such as margin trading, institutional tools powered by openAI, perpetual futures, CFDs, and a secure vault for crypto storage. Notably, Pullix stands out with its unique approach to liquidity provision, incentivizing users to contribute liquidity and offering a comprehensive solution for various types of traders.

PLX token and ongoing presale

At the core of Pullix’s ecosystem is the PLX token, positioned as the first “Trade-to-Earn” cryptocurrency. PLX holders stand to benefit from a revenue-sharing mechanism, earning rewards for trading on the platform and completing trading challenges.

Currently in the seventh out of the eight planned presale stages, the presale has raised $5,077,235 a proof that investors are confident with the project. At the current stage, the PLX token is going for $0.1 having raised through the presale stages from the initial price of $0.04.

You can visit the official Pullix website if you are interested in purchasing the PL token before the next and the last presale stage where the token price is expected to rise.

The PLX token’s utility extends beyond trading credits, offering exclusive access, staking opportunities, and rewards.

Conclusion

In this unfolding narrative of Binance Coin’s tumultuous journey and the rise of Pullix, the crypto community remains on the edge of its seat. Regulatory dynamics, price predictions, and innovative platforms are shaping the future of the cryptocurrency industry.

As we navigate this ever-changing landscape, only time will reveal the true impact of these developments on BNB, Pullix, and the broader crypto ecosystem.

The post Binance Coin (BNB) price prediction amid regulatory handles and emergence of Pullix Exchange appeared first on CoinJournal.

• THORChain (RUNE) displays bullish momentum, aiming to test previous highs.
• RUNE’s 2024 price predictions suggest potential for significant gains, with analysts predicting a stab at $7.1.
• Memeinator (MMTR) presale, on the other hand, shows impressive fundraising progress

In the ever-evolving landscape of cryptocurrency, THORChain (RUNE) and the groundbreaking memecoin Memeinator (MMTR) have recently grabbed the spotlight with significant developments.

From bold proposals to price predictions, both projects are poised for attention-grabbing moves. Let’s delve into the recent price movements of THORChain (RUNE), its future predictions, and take a glance at the MMTR presale stages, exploring the potential impact on the market.

THORChain (RUNE) price movements

THORChain (RUNE) price has been a subject of substantial volatility since the beginning of the year, witnessing pronounced fluctuations in buying and selling pressures. Despite a correction of over 11% Year-to-Date (YTD), the coin is currently trading with a bullish influence, hinting at a positive trajectory in the days ahead.

THORChain (RUNE) price prediction

Looking forward to 2024, THORChain’s future seems promising, driven by the anticipation of the halving event and changing dynamics in the cryptocurrency market. The altcoin, currently sustaining above the 200-day EMA, showcases a resilient recovery path, fueling HODLers’ expectations of a potential price boom.

Technical indicators, including MACD and the Cross EMA 50/200-day, suggest a bullish momentum for RUNE/USDT. The MACD displays a constant green histogram with rising averages, while the Cross EMA 50/200-day acts as a reliable support level. These indicators hint at the potential for significant price action, with a likely attempt to test the December 2023 high of $7.0927.

However, the market remains sensitive, and if bears gain dominance, a trend reversal could see the price testing support around $4.147. RUNE’s quick reversals amidst market volatility make the chances of reaching higher levels astronomical.

The year 2024 holds significant potential, with successful updates and collaborations projecting a maximum price of $18.47. Conversely, failure to meet expectations might lead to liquidation, potentially dropping the price to $3.64, and settling at an average of $7.23.

Memeinator (MMTR) presale stages

Switching gears, let’s shift our focus to Memeinator (MMTR), a meme coin generating buzz with its unique approach. Currently, in the presale stage, MMTR is making waves with impressive fundraising progress of $4,448,561 out of $4,474,137 in Stage 14. Priced at $0.0208, the anticipation is high for a potential increase in the next stage, projecting an intriguing journey for MMTR.

The Memeinator project distinguishes itself by not making false utility promises. Its AI layer specifically targets weak memes, with the end goal of incorporating them into an action game. The irreverent Tone of Voice (ToV) and strategic use of AI and blockchain technologies set Memeinator apart, making it more than just a meme coin.

As the MMTR presale progresses, price predictions become an area of keen interest. If the momentum sustains and the project team delivers vital updates and collaborations, MMTR’s price holds the potential to soar even after the presale ends, aligning with the bullish sentiment in the crypto space.

The MMTR presale, with its unique approach and the promise of tangible utility through an upcoming game, adds an exciting layer to the evolving cryptocurrency landscape.

Conclusion

The market dynamics of THORChain (RUNE) and the unfolding story of Memeinator (MMTR) present investors with a dynamic and potentially lucrative landscape. As crypto investors navigate through the market volatility, these projects offer intriguing opportunities.

For more information about the Memeinator MMTR, visit the official MMTR presale website.

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