Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
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Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k?

  • Bitcoin Dogs rose 30% in two weeks before paring gains.
  • Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum.
  • With BTC regaining control above $68k, could this spark Bitcoin Dogs price?

New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above $69,000.

As BTC price refreshed recent gains at the time of writing, most altcoins were also positive. This includes many coins to recently see huge gains amid meme coin resurgence. The price of Bitcoin Dogs (0DOG), which gained more than 30% in two weeks, hovered at a key level, notably with sellers still in action with a 5% dip in 24 hours.

But can a surging Bitcoin spark new gains for 0DOG?

Analysts see Bitcoin bull cycle intact

Despite recent struggles below $70k, Bitcoin price remains largely on track for a major bull cycle.

Analysts have pointed to BTC’s resilience above support levels near $65k as indicator a shakeout of weak hands is nearly done. With “Uptober” having played its role for bulls, a series of economic releases this week and the US election next week stand out as major factors to consider.

The continued investment in spot Bitcoin ETFs, and potential adoption of BTC strategy by Microsoft could add to this momentum. On spot ETFs, US BTC funds saw net inflows of over $998 million last week, with the market on another positive streak.

Crypto analyst Rekt Capital says BTC’s “more bullish outcome” is a reality amid the weekly close.

BTC gains and Bitcoin Dogs price

If Bitcoin breaks above $70k and manages a new all-time high amid positive catalysts, it’s likely the next few months could see it target $100k.

The benchmark asset’s ecosystem being bullish would mean a whole lot of top tokens could go parabolic. BRC-20 tokens for instance are up 6% to $1.55 billion as Bitcoin nudges higher.

Bitcoin Dogs, a cryptocurrency project for GameFi and NFTs on Bitcoin, has seen its native token rally higher in recent weeks. However, 0DOG has also dipped in tandem with BTC, with recent price levels coming amid a profit taking bout that follows a 30% upside in two weeks.

Currently, Bitcoin Dogs is down 5% as price hovers near $0.009. However, amid a major spike for Bitcoin and meme coins last week, 0DOG rose more than 100% as bulls jumped from near $0.0066 to over $0.013 between Oct. 21 and Oct. 22.

What could catalyze gains for 0DOG?

While 0DOG’s gains mirrored the broader market, there’s another catalyst likely at play. Having made history as the world’s first BRC-20 ICO on Bitcoin, the Bitcoin Dogs project is poised for one of its biggest milestones.

In a recent update, the project posted a teaser of its upcoming game. Bitcoin Dogs has an AMA scheduled for Tuesday, Oct. 29 that will feature game and NFTs release.

All this is part of a massive news release and key to the roadmap. The project wants to deliver a play-to-earn game with an in-game token BARK and the native utility token 0DOG. 0DOG holders have exclusive access to the game and can earn more from a P2E experience leveraging the Bitcoin network.

Excitement for the game’s upcoming launch, potential exchange listings and a rally for BTC suggest ODOG price could explode.

Find more about Bitcoin Dogs on the project’s website.

The post Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k? appeared first on CoinJournal.

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Bolivian bank launches custody service for Tether stablecoin

  • Banco Bisa, the fourth-largest bank in Bolivia, has launched a USDT custody service.
  • Cutstomers can buy, hold and send USDT from their bank accounts.

Banco Bisa, Bolivia’s fourth-largest bank, has introduced a stablecoin service aimed at bolstering security for holders as well as promoting their use in cross-border transfers.

The custody service will allow Banco Bisa’s customers to buy and sell Tether’s stablecoin USDT via their bank accounts. Bisa sees this as a scenario likely to significantly increase USDT adoption and use in the Latin American country.

Banco Bisa’s move

Per a local report, the initiative has received backing from the country’s financial watchdogs, with key benefits seen as the capacity to promote crypto within existing regulatory frameworks. More importantly, the program means users can interact with crypto at greatly reduced risks linked to the nascent crypto market.

According to Franco Urquidi, the vice president of business at Banco Bisa, the bank’s customers will have to complete a verification process. This is on the issues of know your customer and anti-money laundering, the latter among accusations Tether has vehemently denied.

Bisa’s move comes a few months after Bolivia lifted its ban on Bitcoin that lasted a decade – from 2014. The government’s crypto shift came in June 2024, with the country’s central bank noting this step as crucial to boosting the economy. The flip also means Bolivia joined many other Latin America countries in opening up the crypto space.

In a recent report, the Bolivia central bank said virtual asset trading spiked in the months after the ban was lifted. The market witnessed a 100% surge in trading, with an average $15.6 million in monthly volume between July and September.

Tether has seen steady traction in the Latin America region, with key programs and integrations including the $100 million investment in Agriculture company Adecoagro.

The post Bolivian bank launches custody service for Tether stablecoin appeared first on CoinJournal.

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POODL eyes $0.004 after surging by 4% today

Key takeaways

  • POODL is up 4% in the last 24 hours and could rally higher soon.
  • Bitcoin is approaching $69k again after adding 1% to its value over the weekend.

$POODL adds 4% as Bitcoin eyes $69k

$POODL, Poodlana’s native token, has performed well over the weekend. The token’s price is up 4% over the last 24 hours, outperforming Bitcoin and other leading cryptocurrencies.

Poodlana is trading at $0.00334 at press time and could rally higher in the coming hours or days. The Poodlana token is available to investors on several leading crypto exchanges, including MEXC, BingX, and Raydium. 

Poodlana’s rally comes as Bitcoin looks to retake the $69k level. BTC added less than 1% to its value over the last 24 hours, trading at $68,371 per coin. 

What is Poodlana?

With the cryptocurrency market performing well in the last few weeks, gems in the market continue to gain traction from investors. Poodlana is one of the promising projects in the Solana ecosystem that is attracting investors. 

As a Solana-based meme coin, Poodlana aims to introduce the glamor of high fashion to the crypto world. The project promotes the ethos of community while providing utility to users.

The team is leveraging the Poodlana breed’s popularity in Asian countries like Japan, Korea, and China to build a strong community for this project. With a strong community, Poodlana could become one of the leading Solana-based meme coins. 

Should you buy POODL today?

$POODL is down 91% from its all-time high and could be an excellent opportunity for investors to buy the tokens at a discount. The Poodlana team is working hard to introduce utility to the project as they target a market cap of at least $1 billion. 

Read more about the Poodlana project here.

The post POODL eyes $0.004 after surging by 4% today appeared first on CoinJournal.

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SOL traders turn to this meme coin index as Solana price prediction points to a possible 5% slip

  • Solana (SOL) may see a 5% decline, slipping to around $160 amidst market volatility.
  • Investors are considering Vantard (VTARD), a new meme coin currently in its presale stage.
  • Vantard offers exposure to meme coins, appealing to traders seeking gains.

With Solana price prediction indicating a potential decline of 5%, many SOL investors are turning their attention to emerging opportunities, particularly new cryptocurrencies in their presale stages.

One such cryptocurrency in its presale stage is Vantard (VTARD), the first meme coin index fund, which aims to capitalize on the ‘memecoin supercycle.’

Solana price prediction signals a possible 5% slip

As of the latest reports, the Solana price has slipped to approximately $170, down nearly 4% on the day. This decline comes despite an all-time high in economic activity on the Solana blockchain, suggesting that while the underlying technology is performing well, the price action is not following suit.

Analysts warn that if the downward trend continues, SOL could see further corrections, potentially dropping to around $160.99, which aligns with liquidity sweeps at lower boundaries of the Fair Value Gap.

A close above the $179 threshold could signal a reversal, but for now, traders are cautious as they monitor price movements. Historically, SOL’s price trajectory has been resilient, but the combination of external pressures and market sentiment makes its short-term trajectory uncertain.

Currently, the 14-day Relative Strength Index (RSI) sits at 60.86 and is sloping downward coming from the overbought region, indicating a bearish sentiment in the market.

With predictions suggesting a long-term target of $579.46 by 2025, many investors are weighing their options in light of recent fluctuations.

The meme coin index fund token attracting SOL traders’ interest

Amidst the uncertainty surrounding Solana, traders are increasingly drawn to Vantard (VTARD), the first-ever meme coin index fund.

As meme coins gain popularity in the current crypto landscape, Vantard offers a unique proposition by providing exposure to a diversified portfolio of Solana’s top meme coins. The meme coin aims to capture the potential upside of this speculative asset class while minimizing the complexities of individual token selection.

Vantard is positioned as a low-touch investment vehicle, allowing users to participate in the anticipated ‘memecoin supercycle’ without the burden of choosing specific tokens. It is designed for both seasoned investors and newcomers, emphasizing the simplicity and accessibility of investing in meme coins.

With a mission to deliver superior returns during this speculative phase, Vantard’s approach resonates with those looking to maximize gains while avoiding the mental overhead often associated with trading individual assets.

By enabling VTARD token holders to redeem their tokens against the Treasury for a proportional share of the underlying assets, Vantard is transforming how investors approach meme coins. The structure of this index fund mirrors successful financial products like ETFs but focuses exclusively on the high-risk, high-reward landscape of meme coins.

As interest in these assets surges, Vantard is likely to attract more SOL traders eager to explore alternative investment strategies.

Which Could Be the Best Investment: Vantard (VTARD) or Solana (SOL)?

The decision between investing in Solana (SOL) or the meme coin index fund Vantard (VTARD) ultimately hinges on individual investment strategies and risk tolerance.

Solana remains a robust platform known for its speed and scalability, with significant potential for long-term growth. However, the recent price volatility raises concerns for short-term traders looking for immediate gains.

On the other hand, Vantard offers an innovative solution for those looking to capitalize on the meme coin trend. With the potential for substantial returns and a simplified investment process, Vantard may appeal to traders who want exposure to this rapidly evolving segment of the market.

Given that meme coins have outperformed other crypto sectors this year, investing in Vantard, which is currently in the first of the expected 10 presale stages, could provide an opportunity to ride the wave of speculative trading without the need to pick individual winners.

The VTRAD token is currently going for $0.00010 per token with projections of the token hitting $0.00011 in the next presale stage before rising more in the next stages.

Ultimately, SOL traders must weigh the potential for Solana’s resurgence against the enticing prospects offered by Vantard. As the cryptocurrency landscape evolves, both options have their merits, and the choice will depend on whether investors prioritize the established strength of Solana or the speculative allure of meme coins through an index fund like Vantard.

The post SOL traders turn to this meme coin index as Solana price prediction points to a possible 5% slip appeared first on CoinJournal.

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What happened in crypto this week

It’s been a busy week in crypto, from payments processor Stripe’s acquisition of stablecoin platform Bridge to Ripple’s co-founder donating $10 million in XRP to Kamala Harris’ US election campaign to the Pennsylvania House passing a bipartisan Bitcoin bill.

Let’s take a closer look at these and give you a recap on what happened this week in crypto.

Stripe acquires stablecoin platform Bridge for $1.1 billion

Payment processor Stripe completed its acquisition of Bridge, a stablecoin platform, in a deal valued at $1.1 billion.

The deal, which is the biggest for Stripe, and was valued at $70 billion in July, comes after John Collision, Stripe’s co-founder, announced in April that the company would “start supporting global stablecoin payments this summer.”

It also follows after the payment processor teamed up with Paxos to launch a stablecoin payments platform. The collaboration aims to simplify how businesses accept stablecoin payments, offering a more efficient and cost-effective alternative to traditional payment methods.

Ripple’s Chris Larsen donates $10 million in XRP to Kamala Harris

Chris Larsen, Ripple’s co-founder, has become the crypto industry’s largest donor in the 2024 US election. Earlier this week, Larsen donated $10 million in XRP to Vice President Kamala Harris’ US election campaign.

Larsen donated $9.9 million to the pro-Harris Future Forward political action committee (PAC) and $800,000 to the Harris Victory Fund.

This latest amount follows a $1 million donation in XRP Larsen made to Harris in August. Speaking about his latest donation, Larsen said on X: “It’s time for the Democrats to have a new approach to tech innovation, including crypto.”

The crypto industry has donated around $190 million in political donations so far in the 2024 US election cycle. This is a significant rise compared to the 2020 election when $15 million was donated. Of the $190 million, over $130 million has been spent in congressional races.

Pennsylvania House passes Bitcoin bill

The Bitcoin Rights Bill was passed in the Pennsylvania House, which is seeking regulatory clarity for the crypto industry.

The new bill received bipartisan support with 176 votes to 26 and is a major step for the US in terms of regulatory clarity toward digital assets. The bill outlines protections for Bitcoin and crypto holders, including the right to self-custody and use for payments.

The next stage will see the bill come up for debate and voting at the Pennsylvania Senate, which is Republican-led. If it passes, the final stage will be forwarded to Governor Josh Shapiro. However, these two steps will take place after the US presidential election.

The topic of crypto has played a significant role during the US election campaign with Donald Trump and Kamala Harris making promises to support the crypto industry if elected as the next POTUS.

The post What happened in crypto this week appeared first on CoinJournal.