Kategorie: Crypto News

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Bitcoin Dogs unveils Liquidity Pool, offering traders more investment opportunities

Key takeaways

  • Bitcoin Dogs offers traders more investment opportunities thanks to its new Liquidity Pool.
  • $0DOG has increased by 131% in the last 24 hours as more investors access the token via MEXC and Gate.io.

Bitcoin Dogs unveils its Liquidity Pool

Bitcoin Dogs successfully launched its token on crypto exchanges following its presale. With $0DOG now live, the team is offering investors more investment opportunities thanks to the newly launched Liquidity Pool.

The pool allows traders to make huge gains with a fantastic APY Rate. Bitcoin Dogs has a minimum Liquidity Pool size of 50,000 $0DOG tokens and offers a 405.56% APY. Furthermore, APY is paid daily, making it a very attractive venture to investors.

The pool will aid trading and help support the 0DOG Token price, which is good for all community holders and the project’s long-term vision. Users will require 0DOG and WETH to join the Liquidity Pool.

Bitcoin Dogs is also launching a new Telegram game to attract more users. This new multiplayer PVP will launch this quarter and, with the right level of adoption, could push $0DOG’s price higher.

To take advantage of Bitcoin Dogs’ Liquidity Pool, investors must add WETH and (Bridged) ERC-20 0DOG tokens to the pool on Uniswap. After adding the tokens, users will receive LP tokens directly in the wallets they used for the transfer.

Furthermore, investors can also stake their LP tokens to earn more rewards. The APY is dynamically calculated and decreases as more people join the staking pool. To maximise returns, it’s advisable to participate early.

Read more about how to stake $0DOG here. 

What is Bitcoin Dogs?

With the abovementioned opportunities, some investors might still wonder about the Bitcoin Project. Bitcoin Dogs is a new project leveraging the growth of the Bitcoin blockchain to become a leading coin. 

It is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. The Bitcoin Dogs project is already incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

After raising $13 million during its presale, Bitcoin Dogs is trading on several crypto exchanges, including Gate.io and MEXC. The team is now focusing on rolling out its various products and has already launched its Liquidity Pool. 

$0DOG soars above 130% to trade at $0.02501

The broader cryptocurrency market is currently bearish, but Bitcoin Dogs saw one of its biggest price jumps since going live a few days ago. $0DOG is up 131% in the last 24 hours and trades at $0.02501 per coin. 

The rally can be attributed to Bitcoin Dogs’ performance during Gate.io’s Startup Voting Campaign, where it came second. Furthermore, Bitcoin Dogs now has an exclusive price predictions page on MEXC, allowing users to predict $0DOG’s price in the medium to long term. 

In addition to MEXC and Gate.io, $0DOG is also live on Uniswap, one of the leading decentralised crypto exchanges in the world. The token has also launched on Unisat, DEXTools, and OKX Web3. 

The token’s rapid adoption by these platforms could be one of the catalysts behind its recent price jump. 

Should you buy the Bitcoin Dogs token now?

Although Bitcoin Dogs is up over 100% in the last 24 hours, the token still has room for growth thanks to the plethora of products the team has in store. The team is working on launching other products after successfully unveiling its Liquidity Pool.

The addition of more products will increase $0DOG’s utility, which could lead to a price jump in the medium to long term. This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges.

The post Bitcoin Dogs unveils Liquidity Pool, offering traders more investment opportunities appeared first on CoinJournal.

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Crypto price predictions: Bitcoin Dogs, Tron, Akash Network

Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at $60,000 and the market cap of all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 while volume in exchanges has retreated. This article looks at three top coins like Bitcoin Dogs, Tron, and Akash Network.

Bitcoin Dogs price forecast

Bitcoin Dogs is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies tend to have some volatility as some of the pre-sale buyers exit their positions. They also drop as they move into a price-discovery phase. 

Bitcoin Dogs had one of the most successful token sales of the year as the developers launched over $13 million from investors. Its main call-to-action was that it was the biggest Initial Coin Offering (ICO) on the Bitcoin network.

ODOG token dropped sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things have happened, which could push the highly undervalued Bitcoin Dogs token higher. First, it has had two consecutive days of bullish volume, meaning that buyers are starting to come back in.

Second, Bitcoin Dogs has formed a small doji candlestick pattern, which is characterized by a small body and upper and lower shadows. In most cases, this is one of the most popular reversal signs in the market. This reversal sign is usually confirmed when the doji is followed by a big bullish candle, which is what happened on Thursday.

Therefore, while it is too early to tell, there is a likelihood that this is the beginning of a new bull run. If it happens, the token will likely rise to the key resistance point at $0.050, 151% above the current level. You can learn more about Bitcoin Dogs here.

Tron price analysis

Tron has been one of the best-performing cryptocurrencies this week as it soared to a record high of $0.1690. This rally happened because of its strong fundamentals and the recent launch of SunPump, the meme coin generator on Tron. 

On the daily chart, Tron has remained constantly above all moving averages. It has also risen above the key resistance point at $0.15. Most notably, Tron flipped the important resistance point at $0.1448 into a support level. This was an important level since it was the upper side of the cup and handle pattern. 

Tron has both strong fundamentals and technicals, meaning that it will most likely stage a strong comeback, with the next point to watch being at $0.1690, its highest point this week. A break above that level will point to more upside.

Akash Network price prediction

Akash Network token retreated sharply on Thursday as artificial intelligence (AI) tokens fell after Nvidia’s earnings. It dropped for three consecutive days, moving below the key support at $3, the neckline of the slanting double-top chart pattern.

Akash Network has formed a death cross pattern as the 200-day and 50-day moving averages crossed each other. The token also moved below the key point at $2.60, its lowest point on July 5. 

Therefore, the outlook for the token is bearish, with the next point to watch being the psychological point at $2.0.

The post Crypto price predictions: Bitcoin Dogs, Tron, Akash Network appeared first on CoinJournal.

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Sony’s Soneium blockchain partners with Transak for fiat on-ramp services

  • Sony’s Soneium partners with Transak for fiat on-ramp into Ethereum Layer 2.
  • Gamers can buy and trade NFTs with traditional payment methods on Soneium.
  • The partnership aims to drive blockchain adoption in the gaming and entertainment sectors.

Sony Block Solutions Labs, the innovation arm behind the recently launched Soneium blockchain, has announced a strategic partnership with Transak, a leading Web3 payments infrastructure provider.

The collaboration aims to simplify the onboarding process for mainstream users into the Soneium blockchain, an Ethereum Layer 2 network, by enabling the use of traditional payment methods.

Empowering gamers and developers

The partnership is poised to make a significant impact on the gaming industry, a sector already familiar with digital assets and in-game currencies.

By integrating Transak’s payment solutions, gamers can now purchase, transfer, and trade in-game assets and NFTs using traditional fiat currencies. This seamless integration is expected to drive broader adoption of blockchain technology within the gaming community, offering new monetization opportunities for both developers and players.

In the press release announcing the collaboration, Transak’s Co-Founder and CEO, Sami Start, emphasized the importance of the partnership, stating that it underscores the company’s “commitment to bridging the gap between Web2 and Web3, empowering industries such as gaming and entertainment with innovative solutions that enhance user experiences and drive digital transformation.”

A step towards broader Soneium adoption

Soneium, developed by Sony Block Solutions Labs, is built on the Op Stack and is designed to support consumer-grade applications. The network is a joint venture between Sony Group Corporation and Startale Labs, with notable early experimenters like Circle, Optimism, Alchemy, The Graph, Chainlink, and Astar Network.

Sota Watanabe, Director of Sony Block Solutions Labs, highlighted the potential of this partnership, stating that Transak’s dedicated solutions for multiple industries will empower developers to build groundbreaking projects on Soneium.

With Transak’s reach across 160 countries and its support for over 350 applications, the partnership is set to bridge the gap between traditional finance and blockchain technology, pushing the boundaries of what’s possible in the gaming and entertainment industries.

The post Sony’s Soneium blockchain partners with Transak for fiat on-ramp services appeared first on CoinJournal.

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Donald Trump unveils plan to make USA the ‘crypto capital of the planet’

  • Donald Trump aims to make the US the “crypto capital of the planet” if elected.
  • His sons’ World Liberty Financial may involve real-world assets and tokenization.
  • Trump has promised a Bitcoin reserve and to replace SEC chair Gary Gensler.

In a bold move that could reshape the landscape of digital assets in the United States, former President Donald Trump has announced his intention to establish the US as the “crypto capital of the planet” if elected.

Trump’s announcement has ignited curiosity and speculation, particularly regarding the World Liberty Financial initiative spearheaded by his sons, Donald Trump Jr. and Eric Trump.

Though details of the World Liberty Financial project remain sparse, early rumours suggest that it may involve real-world assets and tokenization. The initiative’s official Telegram channel, which boasts over 53,000 subscribers, has cautioned crypto enthusiasts to remain vigilant against scams and imitation projects.

Trump’s embrace of cryptocurrency marks a significant shift from traditional political rhetoric. During a May gala, he first presented himself as a champion of the crypto industry, a stance he continued to reinforce at the July Bitcoin 2024 conference. There, he promised to create a strategic Bitcoin reserve and to replace Gary Gensler, the current Securities and Exchange Commission chair, a move likely to resonate with crypto advocates.

Amid fluctuating political odds between Donald Trump and Democratic candidate Kamala Harris, the former president’s crypto policies have garnered attention.

Additionally, a Bitcoin bill introduced by Republican Senator Cynthia Lummis from Wyoming has gained traction, aligning with Trump’s vision by proposing a strategic reserve of Bitcoin backed by gold certificates for a two-decade hold.

As the crypto landscape continues to evolve, Trump’s ambitious plans signal a potential shift in US policy that could influence the future of digital assets and blockchain technology especially if Donald Trump were to be re-elected.

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Dogecoin whale inflow surge by 118% as Poodlana gains 148% in a month

  • Dogecoin (DOGE) net flow into whale wallets has surged by 118%, signalling bullish momentum.
  • Poodlana’s price has jumped 148.75% in 30 days, fueled by strategic market moves.
  • Both coins show strong growth potential, with DOGE and POODL gaining investor interest.

In a dynamic week for meme coins, Dogecoin (DOGE) and Poodlana (POODL) have captured significant attention in the cryptocurrency market.

DOGE has seen a remarkable 118% increase in net flow into large holders’ wallets, signalling strong bullish activity, while Poodlana recorded a 148.75% price increase over the past month, reflecting growing investor interest and strategic market positioning.

Dogecoin (DOGE) whale activity signals bullish momentum

Dogecoin (DOGE), the original meme cryptocurrency, has always been a favourite among retail investors and crypto enthusiasts.

However, recent developments suggest that larger players, or “whales,” are also making significant moves.

According to data from IntoTheBlock, the net flow of DOGE into the wallets of large holders surged by an astounding 118%, rising from 67.85 million to 148.36 million tokens. This influx is equivalent to $14.84 million, a considerable sum that underscores the growing confidence among these large investors.

The net flow metric is crucial in understanding market sentiment, particularly among whales who hold more than 0.1% of the total DOGE supply.

A spike in net flow typically indicates that these large holders are accumulating more tokens, which often precedes a price increase. Indeed, this recent surge in net flow was followed by a modest 1.5% increase in DOGE’s price, bringing it to $0.1015.

Interestingly, the real driver behind this bullish momentum seems to be a decrease in outflows rather than a substantial increase in inflows. Outflows from whale wallets dropped by 45.9%, down to 111.41 million tokens, while inflows only saw a minor decrease of 5.13%, remaining at 259.77 million DOGE tokens.

This reduction in selling pressure could be a sign that whales are holding onto their DOGE, anticipating a more significant price movement in the near future.

Poodlana’s meteoric rise as POODL sees 148.75% surge in 30 Days

While Dogecoin has been making waves with its whale activity, Poodlana (POODL), a newer entrant in the meme coin space, has been quietly gaining momentum.

Over the past 30 days, Poodlana’s price has surged by an impressive 148.75% from its presale stage to its price after the exchange listing, a reflection of both strategic market moves and growing investor interest.

Poodlana first captured attention with a highly successful $8 million presale, which set the stage for its subsequent listings on Raydium, MEXC, and Uniswap. These listings were not just about increasing liquidity; they were part of a broader market entry strategy designed to capitalize on the buzz generated during the presale.

With no vesting periods or lockups, early investors had the freedom to trade their tokens immediately, leading to significant buying pressure as the token transitioned to public markets.

The excitement surrounding Poodlana has been further amplified by persistent rumours of a potential Binance listing. Historically, new listings on Binance often result in significant price increase, making the possibility of such a listing a major point of speculation.

In addition, Poodlana’s association with Solana, a blockchain known for its speed and scalability, adds another layer of potential. Solana-based meme coins have seen dramatic price increases in the past, with some tokens appreciating by over 1,000%.

The future of DOGE and POODL

While both Dogecoin and Poodlana have shown strong performance, they cater to slightly different segments of the meme coin market.

Dogecoin, with its established community and broad recognition, continues to attract significant attention from both retail investors and whales. The recent surge in whale activity suggests that large holders are positioning themselves for potential gains, possibly anticipating further price increases driven by market sentiment or broader adoption.

On the other hand, Poodlana’s is unique poodle-themed branding and high-fashion aesthetic appeal to a niche and growing audience and the strategic decision to align with Solana could prove to be a masterstroke, given the blockchain’s reputation for speed and scalability.

Both Dogecoin and Poodlana are poised for potentially significant gains in the near future. Dogecoin’s whale activity and reduced selling pressure could lead to further price appreciation, while Poodlana’s rapid rise and strategic market positioning make it a token to watch closely.

Investors and enthusiasts should keep a close eye on both, as the meme coin market continues to evolve at a rapid pace.

If specifically interested in Poodlana (POODL), it is currently listed on MEXC, Raydium, and Uniswap and you could also visit its official website for more information about it.

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