Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges

  • BARR pattern breakout signals a potential 40% rise to $9.50 for Toncoin (TON).
  • Binance listing and Injective integration boost Toncoin’s price and liquidity.
  • Bitcoin Dogs’ 0DOG token will debut on Gate.io, MEXC Official, and Unisat Wallet.

As August progresses, Toncoin (TON) and Bitcoin Dogs, two prominent players in the cryptocurrency space are capturing the spotlight. Toncoin is showcasing impressive bullish momentum, while Bitcoin Dogs is preparing for a significant market debut.

With the crypto market witnessing fluctuating trends, these developments offer intriguing insights into the evolving landscape of digital assets. This article delves into the bullish signals for Toncoin and the highly anticipated launch of Bitcoin Dogs on major exchanges.

Toncoin bullish momentum and technical analysis

Toncoin (TON) has exhibited strong bullish signals, positioning itself as one of the top-performing cryptocurrencies.

As of August 19, 2024, Toncoin is trading at $6.82, reflecting a notable rise of 8.36% over the past week, despite a broader market decline. This surge is attributed to several key factors, including technical patterns, fundamental developments, and on-chain data.

One of the most compelling technical indicators for Toncoin is its breakout from a Bump-and-Run Reversal (BARR) pattern. This pattern, often a precursor to significant upward movement, suggests a potential price increase of around 40%, targeting the $9.50 mark.

The BARR setup begins with a lead-in phase, followed by a sharp downturn (bump), and culminates in a recovery and eventual breakout (run). Recent price behaviour aligns with this setup, reinforcing the bullish outlook.

The breakout, which occurred around August 18, 2024, was marked by a sustained rise above the previous declining trendline, coupled with increased trading volume. This technical shift is further supported by Toncoin trading above its 50-day and 200-day exponential moving averages (EMAs), both of which are showing upward slopes.

Additionally, the Relative Strength Index (RSI) remains above the neutral 50 level, indicating continued buying pressure despite short-term overbought conditions.

Fundamental factors have also played a crucial role in Toncoin’s recent price surge. Notably, the listing of Toncoin on Binance on August 15, 2024, has significantly improved its liquidity and market accessibility.

Furthermore, the integration of Toncoin with the decentralized finance protocol Injective on August 14, 2024, has enabled TON-based assets to be utilized within Injective’s ecosystem, enhancing its utility and adoption.

On-chain data further supports the bullish sentiment surrounding Toncoin. Analysis shows a redistribution of tokens from large holders (whales) to smaller investors. As of August 19, 2024, the percentage of Toncoin held by addresses with 100,000 to 1,000,000 coins has declined, while the share held by addresses with 10,000 to 100,000 coins has increased.

This shift indicates growing buying interest among mid-sized investors, often a precursor to bullish price action.

Bitcoin Dogs’ major market debut on August 21

In a parallel development, Bitcoin Dogs is set to make a significant market debut on August 21, 2024. The project, which raised over $13.496 million in its presale, will list its 0DOG token on three major exchanges: Gate.io, MEXC Official, and Unisat Wallet.

This milestone marks the transition from its presale phase to active trading and is expected to generate substantial interest and trading activity.

Bitcoin Dogs is notable for being the first-ever ICO on the Bitcoin blockchain, combining blockchain technology with canine-themed digital assets. The project features a metaverse called the Dogaverse, where users can engage in various activities, including gameplay and NFT trading centred around a canine theme.

The presale of Bitcoin Dogs was a resounding success, and the upcoming exchange listings represent a pivotal moment for the project. The strategic choice of exchanges reflects Bitcoin Dogs’ commitment to expanding its market reach and providing ample liquidity for its tokens.

The token claim process will also commence on August 21, allowing presale participants to access their tokens.

Looking ahead, Bitcoin Dogs has outlined an ambitious roadmap, including a game beta, token staking, and multi-chain support. The project’s innovative blend of blockchain technology and canine culture positions it as a unique player in the crypto space, with further developments planned for late 2024 and early 2025.

Conclusion

As Toncoin signals bullish momentum with promising technical and fundamental indicators, and Bitcoin Dogs (0DOG) gears up for its major exchange debut, these developments underscore the dynamic nature of the cryptocurrency market.

Investors and enthusiasts alike are keenly watching these developments, which could shape the future trajectory of these digital assets.

The post Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges appeared first on CoinJournal.

Veröffentlicht am

Investors get another shot at an L1 protocol as DTX’s presale approaches $1.5m

Key takeaways

  • DTX Exchange is set to join a host of other layer-1 protocols in the Web3 ecosystem.
  • The project raised nearly $1.5 million in its presale and will use the funds to roll out a range of products, including a wallet.

What is DTX Exchange?

DTX is a new layer-1 protocol coming to the cryptocurrency exchange. According to its official website, DTX Exchange is a comprehensive investment platform designed for seasoned investors seeking access to a diverse array of financial instruments.

The platform offers high-end products that ensure seamless investment in cryptocurrency, equities, forex, and other asset classes. 

Per the development team, DTX will focus on delivering an unmatched trading experience. The platform has a zero-commission policy, expedited withdrawals, and rapid trade execution.

Furthermore, as an investment platform, DTX has strict adherence to regulatory standards, ensuring a secure and compliant investment environment.

The team explained that traders with at least $10,000 on account with the DTX Black Club will have access to different benefits. Some benefits include rakeback, monthly bonuses, level-up bonuses when you move, e.g., from bronze to silver, weekly bonuses, daily bonuses, and reimbursement from net losses. 

DTX Exchange’s core features

As a trading and investment platform, DTX Exchange comes with a wide range of features. The team revealed that the exchange will go live before the presale comes to an end. 

DTX will also launch a layer-1 protocol to compete with industry leaders, including Ethereum, BNB Chain, Solana, and others. The project has raised nearly $1.5 million in its presale, and Solidproof completed a KYC audit. 

As a trading platform, traders can use up to 1000x leverage, which is higher than what is attainable on the leading centralised cryptocurrency exchanges. Furthermore, the DTX exchange will be home to over 120,000 assets, indicating that investors and traders will have access to a wide range of trading pairs. The platform will also introduce Quant and Algo trading as it seeks to attract some of the world’s leading traders. 

Investors focus on DTX’s presale as funding approaches $1.5m

The DTX Exchange presale is currently in its second round and has attracted over $1.4 million so far. Upon launch, DTX is expected to achieve a daily trading volume of $175,000,000 on the exchange from all the assets traded.

With a 0% commission, DTX will raise revenue using other means such as spreads, withdrawal fees, listing fees, staking fees, margin trading, and futures trading. From the $175,000,000 volume, DTX will yield a profit daily of approximately 2% ($3,500,000).

In this current presale round, investors can purchase a single DTX token for $0.04. However, the token price will increase to $0.06 in the next presale round, which commences once the amount raised reaches $2 million. Investors can purchase the DTX token using USDT. 

Find out more about the DTX presale here.

Why should you invest in the DTX project?

In the history of the crypto space, the best times to purchase tokens are either during the presale or during a bear market. DTX Exchange could become a leading trading platform thanks to its proposed products and a layer-1 protocol.

As a VIP presale investor, DTX Exchange will share out of the 2% profit, with 1% distributed as a rebate share among its VIP Presale Investors. The team explained that the rebate share can be paid on a daily, weekly, monthly, quarterly, bi-annual, or annual basis. 

DTX is offering investors various incentives, and its native token could follow the footsteps of other exchange-based tokens like BNB, OKB, CRO, and GT.

The post Investors get another shot at an L1 protocol as DTX’s presale approaches $1.5m appeared first on CoinJournal.

Veröffentlicht am

BlackRock’s ETFs surpass Grayscale’s as Bitcoin Dogs prepares to list on three exchanges

Key takeaways

  • BlackRock’s Bitcoin and Ether ETFs have over $21 billion in assets under management, surpassing longtime leader Grayscale.
  • Bitcoin Dogs is set to list on three major exchanges on Wednesday after raising over $13 million during its presale.

BlackRock becomes the king of crypto ETFs

BlackRock, the largest asset management firm in the world, has also become the leader in the digital assets space. According to blockchain intelligence firm Arkham, BlackRock’s digital asset exchange-traded funds have surpassed those offered by Grayscale in terms of total assets under management.

The firm’s IBIT (spot Bitcoin) and ETHA (spot Ethereum) now have $21.6 billion in assets under management, surpassing the $21.3 billion held by Grayscale’s four funds: GBTC, BTC Mini, ETHE, and ETH mini.

This comes as Grayscale’s GBTC has mostly recorded outflows since January, while BlackRock’s IBIT has attracted inflows from investors. 

What is Bitcoin Dogs?

BlackRock’s growing popularity in the digital assets space indicates that more institutional investors are taking up positions in the ecosystem and are looking at new projects to back. 

Bitcoin Dogs is one of the promising projects currently in its early stages. The project seeks to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network.

The team explained that Bitcoin Dogs would ensure that investors enjoy exciting value propositions as they combine the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.

The presale was concluded a few weeks ago, with more than $13 million raised during the process. The team is now focusing on listing the tokens on exchanges while rolling out their products. 

One of Bitcoin Dogs’ primary products is the launch of the biggest NFT mint on the Bitcoin network. The developers want the Bitcoin network to compete with other leading smart contracts blockchains like Ethereum, Solana, and BNBChain. 

Bitcoin Dogs prepares to list on three major crypto exchanges

The Bitcoin Dogs presale was concluded a few weeks ago, and the project raised nearly $13.5 million. According to the information on its website, only 900 million $0DOG tokens were minted. 

Investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem.

Following the end of its presale, $0DOG will be listed on three Tier-1 crypto exchanges in three days. It will go live on Gate.io, Mexc, and Unisat on August 21st at 11 AM UTC.

Listing on these Tier-1 exchanges could see $0DOG become available to millions of investors and traders globally. 

Click here to learn more about the recently concluded Bitcoin Dogs presale.

Should you buy the Bitcoin Dogs token on these exchanges?

With the presale now over, Bitcoin Dogs will only be available to investors on cryptocurrency exchanges. Starting from Wednesday, investors can buy $0DOG from the above-mentioned crypto exchanges. 

However, the decision to invest in Bitcoin Dogs remains that of the investor. In addition to those three, the team is preparing to list $0DOG on several crypto exchanges, allowing millions of investors to access the project. 

The cryptocurrency market has been choppy in recent months and could continue in that manner for the remainder of the year. However, with the Bull Run still in sight, Bitcoin Dogs could be one of the top performers in the coming months and years.

The post BlackRock’s ETFs surpass Grayscale’s as Bitcoin Dogs prepares to list on three exchanges appeared first on CoinJournal.

Veröffentlicht am

Bitcoin Dogs could be the next big crypto to watch

Cryptocurrency prices were on edge on Saturday, continuing a consolidation pattern that has been going on in the past few weeks. Bitcoin was trading at $59,000 on Saturday, where it has been stuck this week. Other cryptocurrencies like Cardano, Solana, and BNB tokens have also wavered as the industry has had no major news.

Bitcoin Dogs listing ahead

The next major thing to watch in the cryptocurrency industry will be Bitcoin Dog’s exchange listing after what the developers have said was a difficult phase. 

Bitcoin Dogs is a new cryptocurrency that completed one of the most successful token sales this year as the developers raised over $13 million. 

Its fame happened because it styled itself as the first initial coin offering (ICO) on the Bitcoin network.

In a recent statement, the developers noted that the coin will now list officially on August 21st. Initially, it will list on three exchanges, including Gate.io, MEXC, and Unisat. Other decentralized and centralized exchanges are expected to list the token.

Analysts are optimistic that the token will do well after listing because of its strong fundamentals. In addition to having a cool name, the developers have a good roadmap to create value for the holders. 

For example, they plan to launch an NFT collection with 10,000 NFTs that people can buy, hold, and even trade easily. They also plan to create a Bitcoin Dogs Club Marketplace that will charge a modest fee of 0.5%. These fees will flow back to Bitcoin Dog holders. 

Bitcoin Dogs outlook

We believe that the Bitcoin Dogs token will have some short-term volatility after getting listed in major exchanges. This is a normal part of the process since many holders tend to sell their tokens after listing. 

Also, the volatility will happen because of the current state of the market where most coins are falling. Bitcoin has failed to move above the important point at $60,000 while the market cap of all tokens have moved downwards.

In the long term, however, the Bitcoin Dogs token price will likely continue doing well since it faces numerous catalysts.

First, there are signs that the Federal Reserve will start cutting interest rates in September since the US economy is softening. In most cases, cryptocurrencies tend to do well when the Fed is cutting rates.

Second, Bitcoin Dogs is a highly popular cryptocurrency since it raised over $13 million in just a month. This means that the token might have significant hype as we have seen with other meme coins like Pepe and Bonk.

Third, Bitcoin Dogs could benefit as Bitcoin moves from the current accumulation phase to a rebound. Remember, the monthly chart shows that Bitcoin has formed a cup and handle chart pattern on the monthly chart. In most cases, this pattern leads to more upside. You can learn more about Bitcoin Dogs here.

The post Bitcoin Dogs could be the next big crypto to watch appeared first on CoinJournal.

Veröffentlicht am

Malaysia adopts Worldcoin’s iris scan technology for digital verification

  • Malaysia adopts Worldcoin’s iris scan tech for national digital ID verification.
  • The collaboration aims to integrate Worldcoin tech into Malaysia’s digital infrastructure.
  • Global privacy concerns and scrutiny persist amid Worldcoin’s expansion efforts.

Malaysia has officially adopted Worldcoin’s iris scan technology for personal verification, marking a major milestone in the nation’s digital transformation strategy.

This move is part of a broader effort to enhance digital infrastructure and improve the verification of digital credentials across the country.

Integrating Worldcoin tech into Malaysia’s digital infrastructure

The initiative results from a collaboration between the Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad, the Malaysian government’s application research and development arm.

The partnership aims to integrate Worldcoin’s advanced biometric verification system into Malaysia’s digital ecosystem, providing a secure and efficient method for verifying individual identities, known as “proof of humanness.”

This collaboration extends beyond just identity verification. Potential future developments include joint manufacturing of the “Orb,” the device used for iris scans, and integrating Worldcoin’s blockchain technology with Malaysia’s National Blockchain Infrastructure.

The partnership also emphasizes the open-source availability of Worldcoin’s technology, ensuring transparency and fostering innovation.

Worldcoin continues to expand despite regulatory challenges

While adopting Worldcoin technology is seen as a forward-looking step, it comes amid global scrutiny. Several countries have raised concerns over privacy and data security related to biometric data collection.

For instance, the Bavarian State Office for Data Protection Supervision in Germany and the Office of the Privacy Commissioner for Personal Data in Hong Kong have both investigated Worldcoin’s operations.

In some regions, such as Spain and Hong Kong, these concerns have temporarily suspended Worldcoin’s services.

Despite these challenges, Worldcoin continues to push for global expansion, working to comply with local privacy laws and address regulatory concerns. Malaysia’s adoption of this technology underscores the nation’s commitment to leveraging cutting-edge solutions for national development, though it remains to be seen how the global controversies will impact its implementation.

The post Malaysia adopts Worldcoin’s iris scan technology for digital verification appeared first on CoinJournal.