Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Binance remains top exchange despite 5% market share dip: Implications for Meme Moguls?

  • Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation.
  • A TokenInsight report however shows the exchange remains top by market share.
  • Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale. 

Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November.

Meanwhile, Meme Moguls (MGLS), a new exchange bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale.

Report shows Binance market share dropped 5% in 2023

Binance’s place as the world’s largest crypto trading exchange by market share came under threat amid last year’s regulatory issues.

The lawsuit by the US Securities and Exchange Commission (SEC), the $4.3 billion settlement with the DOJ and CFTC among other government agencies and former CEO Changpeng Zhao’s resignation and court issues are key highlights of periods when Binance’s market share fell considerably.

Binance is also among nine exchanges to see Apple and Google Play pull their crypto trading apps from their stores in India. 

But as a new report by crypto rating and research platform TokenInsight shows, the exchange only saw a slight decline in overall market share. Binance remains the top crypto exchange in this, with a market share of 48.7% as of the end of 2023. It shows a decline of about 5% from last January’s peak levels of 54.2%, TokenInsight noted.

Per the report, user confidence in Binance has been helped by the fact that despite the hefty settlement, regulators didn’t not find Binance to have used or put its customers’ assets at risk. 

Meme Moguls bids for top meme-backed exchange

Solana’s Bonk racing into top three meme coins by market cap, highlighted a resurgence that market experts say could see this segment become a key part of the crypto investing market.

Meme Moguls ($MGLS), a project currently in presale, seeks to transform this space.

When it launches, meme coin traders will get a platform from which they can earn as they display their trading prowess.  Anyone on Meme Moguls can trade meme-inspired assets, tapping into the viral nature of tokens to climb the leaderboard and claim exclusive rewards.

Is Meme Moguls presale worth investing in?

Apart from the innovative play-to-earn platform, holders of the native $MGLS token will have a chance to earn via staking, liquidity provision and minting and trading of NFTs.

Ahead of its launch, Meme Moguls’ token MGLS is available to the public via the aforementioned presale. The token ICO is currently in stage 4 where each $MGLS token sells at $0.0027. With the total crypto meme coin market cap at $21 billion and broader market at $1.76 trillion, projects of the latter rocketing higher suggests meme coins could follow suit.

The outlook means a likely grip on the market for Meme Moguls, potentially making its native $MGLS one of the best altcoins to buy today.

Learn more by visiting the project’s website.

The post Binance remains top exchange despite 5% market share dip: Implications for Meme Moguls? appeared first on CoinJournal.

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XAI price prediction following the post-airdrop surge; Pullix gears up for launch

  • XAI price surges driven by an airdrop, major exchange listings, and a positive outlook.
  • Pullix, a hybrid exchange, tackles DeFi liquidity issues with a unique non-custodial approach.
  • PLX token introduces “Trade-to-Earn,” offering revenue sharing and staking rewards.

In the dynamic landscape of decentralized finance (DeFi) and blockchain-based assets, two entities are making waves: Pullix, a hybrid trading exchange, and XAI, a gaming-focused “layer-3” network operating on Arbitrum.

This article delves into the recent XAI price movements, the anticipated XAI price prediction, Pullix’s unique features and the ongoing PLX token presale.

XAI’s price surge post-airdrop

XAI, the gaming-focused token operating on Arbitrum, has experienced a remarkable surge. On January 16, within 24 hours, the token soared by over 24%, reaching a record price of $1.26. This surge follows its initial debut at $0.77, a brief dip to $0.45, and a subsequent ascent to its current value.

The price hike followed a recent airdrop that played a pivotal role in boosting XAI’s value. Distributed to holders of early Xai NFT collectibles and users with Sentry Keys for validator nodes, the airdrop enhanced community engagement.

Notably, major exchange listings, including Binance, KuCoin, CoinEx, and Crypto.com, contributed to the price rally.

XAI price prediction: anticipated fluctuations

As XAI gains momentum, projections indicate potential fluctuations. The post-airdrop surge and increasing exchange listings suggest a positive trajectory.

The anticipated price range for XAI is between $1.070 and $1.466. Achieving the upper limit could lead to a significant increase of nearly 35%, bringing XAI to $1.466.

XAI’s layer-3 architecture, emphasizing scalability and user-friendliness, positions it strategically for the expanding gaming sector. The recent surge and exchange listings indicate growing anticipation for XAI, with expectations of heightened liquidity and increased trading volumes.

Pullix: bridging the gap in hybrid trading

As XAI token makes waves within the crypto space with its tremendous price movement, a novel hybrid trading exchange called Pullix poised to bridge the gap between decentralized and centralized exchanges has emerged. The exchange is expected to officially launch before the end of January.

Addressing the liquidity problem in DeFi, Pullix offers a unique hybrid model, combining the strengths of both worlds. Notably, it ensures user security with a non-custodial approach, allowing users to retain control of their assets while benefiting from the security features of a centralized exchange.

Pullix’s approach to liquidity provision is groundbreaking. By incentivizing users to provide liquidity, the platform aims to offer better liquidity and more competitive prices. This innovative strategy may attract a wider user base and drive demand for its native PLX, currently in the presale stage.

The platform provides institutional, liquid, and slippage-free trading through an off-chain order book. Users can trade a variety of assets using margin, and advanced institutional trading tools powered by OpenAI enhance their trading potential. Pullix is set to become a one-stop solution, integrating features such as perpetual futures, CFDs, a secure vault, a lending protocol, and a DeFi and NFT Launchpad.

The PLX token presale

The PLX token stands out as the first “Trade-to-Earn” cryptocurrency in the crypto market. Token holders enjoy instant rewards for trading on the platform and participating in trading challenges. What sets PLX apart is its revenue-sharing mechanism, allowing holders to profit from the daily revenue of the exchange and earn a fixed passive income by providing liquidity to automated market makers.

With a fixed supply of 200 million, PLX has a utility-driven design. Holders can use PLX for trading credits, exclusive access, staking, and receiving rewards. The tokenomics include allocations for presale, rewards, team, exchange listings, and marketing, ensuring a balanced ecosystem.

Pullix implements a generous staking reward system for PLX holders, with a portion of daily profits allocated for token acquisition. This acquired PLX undergoes a dual allocation: 50% is burned, introducing a deflationary mechanism, while the remaining 50% contributes to rewards distribution for staked PLX holders.

To participate in the PLX token presale, you can visit the official Pullix website

Conclusion

As Pullix prepares for its launch and XAI continues its upward trajectory, the synergy between these platforms holds promise for the broader blockchain and cryptocurrency ecosystem.

With innovative features, strategic partnerships, and community-driven initiatives, Pullix and XAI represent the evolving landscape of decentralized finance and blockchain-based gaming.

The post XAI price prediction following the post-airdrop surge; Pullix gears up for launch appeared first on CoinJournal.

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Bitbot presale officially launches, raises $27k in minutes

Key takeaways

  • The Bitbot presale officially launched a few hours ago, giving investors to purchase the tokens at a discount price

  • The presale has so far raised more than $25,000 within minutes. 

The cryptocurrency market has underperformed since spot Bitcoin ETFs were launched in the United States. However, the Bitbot presale has launched, granting investors an early chance to purchase the tokens at a discount. 

Bitbot’s presale commences

The cryptocurrency market has been trading sideways since the spot Bitcoin ETFs were approved a week ago. Bitcoin’s price continues to trade sub $43k, with other altcoins also underperforming.

However, trading volume in the market continues to be strong, with more investors entering the space. With that happening, the Bitbot presale officially commenced today.

Bitbot, a Telegram bot, could become a disruptive force, offering a self-custodial trading solution on Telegram. The Bitbot token presale introduces a new wave of excitement and investment opportunities.

According to the development team, Bitbot has a total supply of 1,000,000,000 tokens. The presale will be in eight stages and 30% of the total token supply will be distributed during this period. 

Furthermore, another 20% of the tokens are allocated to the Bitbot development team to fund ongoing innovation, ensuring long-term utility.

Bitbot promises to offer users a wide range of powerful features to help them grow their trading portfolios. The bot features an ultra-flexible wallet management, powered by MPC custodial API technology, making it a unique trading bot. 

Bitbot’s MPC system is far superior to the private keys that are common in the space. The MPC uses individual key shares, boosting privacy and accuracy for the users. 

The trading bot also leverages Knightsafe, its custody partner, to add an extra layer of security, thanks to its open-source and decentralized digital asset self-custody service.

Finally, Bitbot will also use part of the funds raised from the various presale stages to develop anti-MEV and anti-rug solutions for users to protect their assets.

Bitbot presale raises $27k in minutes

The Bitbot presale officially launched a few minutes ago and the project has raised more than $27,000 so far. This represents more than 10% of the funds required in the first presale stage.

The team intends to $200,000 in the first presale stage. At the moment, the BITBOT token is sold for $0.01 but is set to increase to $0.015 in the second presale stage. 

Bitbot is available on the Ethereum and BNBChain blockchains. Users can purchase the token using ETH, BNB, USDT and USDC stablecoins. To purchase the tokens, simply connect your wallet to the Bitbot official website and choose the coin you wish to use for payment. 

Is Bitbot a good investment?

The decision to invest in any cryptocurrency is solely up to the investor. The investor needs to carry out in-depth research and determine if the coin or token is worth their money.

However, Bitbot has the potential to become an excellent cryptocurrency project. As the presale launches today, it is crucial to know that Bitbot introduces an anti-MEV bot, preventing monitoring by MEV bots and anti-rug features to thwart potential scams. 

The presence of copy trading features on the trading bot also makes it an exciting tool. Users also get to enjoy a built-in referral program and sign up with ease, creating an enticing user experience.

In terms of tokenomics, Bitbot will share its tokens for various purposes, including development, marketing, and liquidity provision. If the development team achieve the $1 billion market cap set for Bitbot, early investors will rake in excellent returns on investments (ROIs). 

Finally, the upcoming $100K competition adds a layer of excitement, with Bitbot set to attract more traders to its ecosystem. 

Final thoughts

As more traders believe that the Bull Run is here, investors continue to search for gems and Bitbot could be one of the biggest investments in the market. The numbers raised so far from the presale make Bitbot an exciting prospect in the market. 

The post Bitbot presale officially launches, raises $27k in minutes appeared first on CoinJournal.

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3 tokens watch as crypto eyes bounce: PYTH, TIA, MMTR

  • Pyth Network (PYTH) and Celestia (TIA) have seen decent traction and could rally in 2024.
  • Memeinator is blazing through its presale, currently at $3.7 million as investors eye potential meme coin gains.

While the year is having a somewhat slow start given the excitement amid the build up to the spot ETFs approvals in the US, experts continue to opine that this could be a breakout year.

This has the overall sentiment mostly bullish, with the crypto market eyeing potential tailwinds such as the upcoming Bitcoin halving and further regulatory clarity. The long term impact of inflows via ETFs is also another factor providing impetus as traders position themselves across the market.

It’s with this view that Pyth Network (PYTH) and Celestia (TIA) are seeing significant investor attention. Meanwhile, presale token Memeinator (MMTR) could present an attractive meme coin for a diversified portfolio.

Memeinator (MMTR): Presale offers opportunity

While many meme coins face market oblivion for lack of utility or outright worthlessness, the Memeinator (MMTR) comes ready and loaded for a hostile takeover. The project uses blockchain and artificial intelligence (AI) to bring a gamified ecosystem to the meme coin world.

With staking and NFTs also part of the utility on offer, the Memeinator stands out from many meme coins struggling to hold onto hype-driven gains. Its growing community, the presence of a great team, clear roadmap and tokenomics add to the overall serious outlook that Memeinator projects.

As it eyes a race to the $1 billion market cap upon its trading debut in coming months, Memeinator will destroy all weak meme tokens. Currently, the presale, which has reached stage 13 and raised over $3.7 million, offers a great opportunity for an early bid.

MMTR price is $0.0197 and will jump to $0.0208 in the next stage, before hitting $0.0292 in the last presale stage. There’s a chance this token could explode after its presale, potentially challenging Shiba Inu and Dogecoin for the top meme coin spot.

Pyth Network (PYTH): Growing oracle ecosystem

Pyth Network (PYTH) is a blockchain oracle system for real-time market data. The platform, which gained remarkable traction amid impressive airdrops and exchange listings in recent months, is quickly growing into a force in the market.

The Pyth network’s scaling capacity sees it provide over 400 price feeds, with data from blockchains, crypto exchanges and market makers among others. These providers tap into smart contracts to contribute real-time price feeds for crypto, ETFs, equities, FX pairs and commodities.

More than 90 market providers currently publish data on Pyth, including Binance, Cboe, and Jane Street.

With the growth trajectory, it’s possible the price of PYTH could rise amid other favourable market conditions. There’s an opportunity to position for these gains given PYTH reached an all-time high of $0.5487 in November 2023.

At current prices, it’s about 35% down. However, this altcoin has seen a decent upside since January 10 when it traded below $0.23.

Celestia (TIA): Specialized rollup chains

Celestia price rose sharply after its mainnet beta launch in October and when crypto exchange Binance listed the modular data network’s native token.  

The blockchain’s traction comes amid massive airdrops for its TIA tokens and increased integration as projects seek to leverage its technology for practical flexibility, interoperability and scalability. As more networks tap into Celestia’s specialized rollup chains technology, amid a boost for altcoins, TIA could be one of the top coins to watch in the coming year or so.

TIA’s all-time high is $20.16, reached just this week – on January 15, 2024. According to CoinGecko data, the current price of $18.20 is about 779% above the all-time low of $2.08 hit on October 31, 2023.

Celestia ranks 34th among largest cryptocurrencies by market cap, with $2.8 billion. It could climb the charts should the upside momentum solidify in coming months.

If you are an investor looking for an opportunity in the market, do your own due diligence on the three tokens above. For Memeinator (MMTR), you can check their presale page.

The post 3 tokens watch as crypto eyes bounce: PYTH, TIA, MMTR appeared first on CoinJournal.

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$2B in dormant Bitcoin (BTC) moved after 5 years: Arkham

  • According to Arkham Intelligence, $2 billion in dormant Bitcoin (BTC) has moved for the first time in five years.
  • What next for Bitcoin as Grayscale also moves 9,000 BTC to a crypto exchange?

Arkham Intelligence has reported the movement of $2 billion worth of dormant Bitcoin (BTC) – also just before the US markets opened today. It’s the first time these coins have moved since 2019.

“$2 BILLION of dormant Bitcoin moved just before the US market opened today, across several linked addresses. The BTC had moved once in 2019, and before that had been dormant since 2013. Historically these Bitcoins have all moved at the same times and dates. They were consolidated today from 49 addresses into 5 new addresses, each now holding between 8K-12K BTC ($380M-$480M per address),” the blockchain security and market intelligence platform posted on X.

Arkham’s report came as BTC battled sell pressure amid the latest movement of Bitcoin linked to Grayscale, the company behind the Bitcoin Trust (GBTC) fund. Grayscale reportedly moved 9,000 BTC worth over $385 million on Tuesday.

The company’s BTC transfers occurred in several batches of 1,000 coins each and totaled over $385 million. Blockchain sleuth Lookonchain noted that Grayscale sent the Coins to Coinbase Prime.

Last week, wallets linked to Grayscale transferred 4K bitcoins to the exchange, per data Lookonchain shared on Friday January 12. These BTC movements have come as outflows from GBTC hit the market following the SEC’s approval of spot Bitcoin ETFs. 

Bitcoin price was poised at $43,071 early afternoon. Are these BTC movements set to inject new sell pressure on the benchmark crypto?

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