Kategorie: Crypto News

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Pullix (PLX) solid as ERC-404 tokens Pandora, DeFrogs plummet

  • 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.

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ETH rally shocker as exchanges see major outflows; $GFOX set to redefine meme industry

Last week, a massive amount of ETH was moved from several cryptocurrency exchanges sparking speculations of an oncoming bull run for one of the best cryptocurrencies to buy. At the same time, the market has been rife with interest in the new ICO crypto $GFOX, a token that is expected to redefine the meme coin industry.

Join us as we dig deeper into the recent $ETH withdrawals and what they mean for the second-largest cryptocurrency by market cap as well as why and how $GFOX contributes to the vast meme coin industry.

The meme coins battle

The battle of the memes has been going on for quite some time. This segment of the crypto industry is rife with competition as new meme coins keep coming up every day. One of the latest additions to this space is $GFOX, a coin that is destined to revolutionize the meme coin industry.

$GFOX is more than just a meme coin, although it draws inspiration from popular and successful meme coins like $DOGE, $SHIB, and $PEPE, $GFOX goes over and above to offer utility to its uses, making it a way better option.

Unlike run-of-the-mill meme coins, $GFOX offers a comprehensive ecosystem comprised of play-to-earn gaming, staking, merchandise, and NFTs. All this while also upholding meme culture and its fun aspects that lure in investors.

The utility that $GFOX offers is one of the main reasons investors consider it one of the best cryptocurrencies to buy. For example, the core of the Galaxy Fox ecosystem is the play-to-earn web-3 runner game. This game provides players with thrilling gameplay that is not only entertaining but pays off. Players who end the gaming season at the top of the leaderboard receive in-game currencies that they can exchange for $GFOX tokens.

The staking platform, on the other hand, allows loyal investors to stake their tokens in exchange for regular payments in the form of $GFOX. The $GFOX ecosystem features a stargate that collects 2% of every transaction to form a pool of funds that is used to reward loyal investors.

Although utility is a great feature to have, every investor’s ultimate goal is to make a profit. The $GFOX team realizes this which is why they have set up the presale to keep rewarding early investors.  With each presale stage, the price increases slightly, allowing investors to make some profits before launch.

The token burn feature also helps with the value of $GFOX. By introducing a deflationary aspect to the coin, the token burn feature enhances the intrinsic value of the coin to investors, making it one of the best cryptocurrencies to buy.

ETH withdrawals spike: rally incoming?

ETH has shown little action in the previous weeks. It is currently trading at $$2,470.18 a 6.8% increase in the past weeks. However, a quick look at on-chain data reveals a bullish sentiment among investors. Data from IntoTheBlock, an on-chain analytics company shows that traders have withdrawn a whopping $500 million from centralized exchanges in recent days. In the past months alone, over $1.2 billion worth of $ETH has been withdrawn from crypto exchanges.

With the recent withdrawals, the exchange reserves for $ETH are dwindling, creating a sense of scarcity in the market. With scarcity and increased demand, there is likely to be a spike in the price of $ETH. This prediction is backed up by the upcoming Dencum upgrade which is scheduled for March 13.  The upgrade will introduce a sharding technique known as proto-dank sharding, which creates more space on Ethereum layer-2 solutions, hence reducing the costs of these solutions.

Conclusion

A $ETH gears up for a spectacular bull run, and $GFOX is preparing to revolutionize the meme coin industry by introducing an array of unique features and unapparelled utility, $GFOX hopes to not only change up the meme coin sector but also become one of the best cryptocurrencies to buy to secure maximum returns in the coming bull market.

To learn more about $GFOX, visit Galaxy Fox presale or join the Community.

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AI boom helps S&P 500 to record; just the beginning for AltSignals?

  • 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.

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Mantra, Kaspa price surges as Bitbot token sale hits $507k

Mantra (OM) and Kaspa prices continued their bull run during the weekend as demand for their tokens jumped and as the crypto fear and greed index rose. OM was up by more than 15% in the past 24 hours and by 98% in the past 7 days. Simialrly, Kaspa jumped by 2.7% and 40% in the two sessions, respectively. 

Bitbot token sale crosses $507k

The other big crypto news story of the weekend was that Bitbot finally crossed the $500k mark in its strong token sale. This is a strong performance considering that the sale started a few weeks ago. It makes it one of the fastest-growing token sales in the market.

For starters, Bitbot is a company that wants to change the Telegram trading bot market. It aims to do that by creating a safe trading bot that has additional features like artificial intelligence, wallet integrations, and has advanced track record of performance. 

The platform will be powered by the $BITBOT token, which will have several important utilities in the network. For example, holders will be able to take part in the network’s governance and even earn rewards. They will also take a share of the platform’s profits in the future. 

BitBot joins other successful networks that have raised millions in the past few months. Metacade raised over $10 million in 2023 and is now worth over $15 million. Other successful sales have been AltSignals and Everlodge. You can buy the BitBot token here.

However, it is worth noting that there are risks for investing in presale tokens. The most important risk is that these presales are usually not regulated by leading authorities. Further, there is a risk that the token will not do well when it goes public. 

Therefore, it is always important to use the best risk management practices when investing in these tokens. For example, you should only invest in funds that you can afford to lose and also do your research.

Mantra and Kaspa jump

The other important news was the surge of Mantra and Kaspa. Mantra’s token has surged, giving it a market cap of over $250 million. For starters, Mantrais describes itself as the first vertically integrated and regulated blockchain ecosystem. Its OMniverse is made up of the finance, chain, and DAO segments.

The finance segment is a platform that provides a platform where users can trade, issue, and earn money from crypto and tokenized assets. The chain, on the other hand, allows people to build their own decentralized applications while the DAO allows people to participate in the network. Mantra token has surged as investors cheer its innovative solutions.

Kaspa, on the other hand, has soared because of the ongoing strength of cryptocurrencies. Bitcoin has settled above $48,000 while other coins like Ethereum and Solana have soared. In most cases, cryptocurrencies tend to have a close correlation with each other.

The post Mantra, Kaspa price surges as Bitbot token sale hits $507k appeared first on CoinJournal.

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Whales Accumulate $50 Million in $LINK as Price Climbs Higher; $GFOX Presale 98% Sold Out

$LINK’s bullish trend continues, and large-scale investors are responding accordingly. News/events related to the cryptocurrency suggest the sentiment is bullish, and market participants are optimistic about its outlook. $LINK is up by about 40% in the last 30 days, making it another profitable crypto coin like the fast-growing $GFOX. 

Galaxy Fox ($GFOX) is nearing its retail launch, and market participants expect a major price boost at this stage. This makes now a profitable time to purchase the presale token. However, investors eyeing this profit must act fast, as $GFOX is 98% sold out. 

Missed the Early $GFOX Train? You Can Still Get In 

All hope isn’t lost if you miss the first six $GFOX presale stages. The other stages are still profitable entry points, but early participants gain the most. Regardless, Galaxy Fox presale is an excellent opportunity to buy the next token to blow up for cheap, for a potentially high ROI. 

The presale is rounding up the seventh stage, with over 98% sold out. While there are three other stages left, missing this stage means you’ll buy at a higher price in the next stage. 

Meme ICOs have been a safer commitment option over the years, provided you find the right project. Galaxy Fox has all the features of the right projects, as it boasts high profitability and safety. The crypto project passed necessary security tests, and unlike most meme projects, it has tangible utility. 

Galaxy Fox has a stake in the GameFi sector with its P2E runner game. This implies that the GameFi sector’s growth can drive positive price action for $GFOX. This is in addition to its meme utility. The Galaxy Fox ecosystem provides passive earning opportunities for members via P2E gaming, token staking, and holding digital item collections. 

$GFOX functionality in every top sector, particularly the web3 space, makes it susceptible to high adoption. It will increase its prominence and position it as a leading crypto coin. This is why getting a stake in its presale is essential to avoid missing out on potential huge returns. $GFOX is billed to blow up when it gets on top exchanges. Be sure to get in before then. The more the delay, the lesser the potential return. 

Buy Galaxy Fox Presale

Whales Stack $LINK Following Impressive 30-Day Return 

LookonChain analysis reveals that crypto whales have stacked up about $50 million worth of Chainlink ($LINK) in the past few days. The source revealed that a large-scale investor or institution withdrew about $49.9M worth of $LINK from Binance, using 49 new wallets. This came after $LINK set a 22-month high of $19.68. While the wallet’s owner remains unverified, LookChain reveals the wallets hold around $230,000 – $3.5 million worth of LINK each. 

Pundits believe the increasing tokenization of real-world assets is one of the major driving forces behind LINK’s bullish rally. Major platform upgrades and integration of new features like Cross-Chain Interoperability Protocol (CCIP) and Circle’s Cross-Chain Transfer Protocol also played little role in $LINK’s price improvement. The altcoin is looking good by all accounts. It recently crossed the $11 billion market capitalization value. 

While it could not maintain the valuation, it’s still much nearer, at $10.9+ billion. This reflects $LINK’s price improvement in the last month. 

Per Coingecko data, $LINK is up by 0.48% to $18.53, after a decline to $18.43 from $19.24 in 24 hours. The outlook looks great for the cryptocurrency, and it’s expected to set a new all-time high before the year ends. 

As the bullish momentum continues, analysts expect the altcoin to push towards $30 in the coming weeks. $LINK could finish the year with a peak price of $70, making it one of the top crypto coins to watch out for. 

Conclusion 

Crypto whales are piling into $LINK’s bullish trend, and smart investors are taking advantage of the opportunity in the pre-bull market run-up. The cryptocurrency is performing extremely well, with about  40% increase in the last month. 

$LINK hopes to break into the $20+ price zone soon, and a more impressive surge could follow. Galaxy Fox is another altcoin showing exceptional strength. The meme coin has sold 98% of its presale, as enthusiasts anticipate its predicted profit-yielding retail phase rally. Potential investors could make up to 100x profits if they join the presale now. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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