Kategorie: Crypto News

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Arbitrum among top gainers with 9%: Here’s the ARB price outlook

  • Arbitrum (ARB) price rose 9% this past week, trading to above $0.86.
  • Meanwhile, Toncoin (TON), Chainlink (LINK) and Aave (AAVE) saw double digit gains.
  • What next for ARB?

Arbitrum (ARB) is trading higher over the 24-hour timeframe, holding off bears around $0.84 with nearly 3% upside. Over the week, the cryptocurrency’s value is up 9%. That makes ARB among the top gainers this past week, with Toncoin (TON), Chainlink (LINK), ImmutableX (IMX) and Aave (AAVE) posting double digit gains to lead the top 50 coins by market cap. 

With Bitcoin looking to reclaim some joy above $26,600 and most altcoins showing resilience, could ARB break higher to target $1.00? Data shows the altcoin last traded at the psychological level on August 23.

Whale activity and recent ARB price

Arbitrum’s native token slipped to $0.74 on September 11, mirroring the broader market performance that also had Bitcoin sliding to below $25k. A nice uptick for ARB/USD had buyers poised at $0.90 on September 19 before widespread weakness had them revisit support around $0.80.

The positive outlook shows amid the latest bullish signals from whale activity and the crowd. According to data shared by on-chain analytics platform Lookonchain, one whale pointed to this perspective on Thursday with a 1.15 million ARB transfer from Binance. The value of the transaction was $952,000 at the time.

“This whale lost money on $ARB but seems still very bullish on $ARB, withdrawing 1.15M $ARB ($952K) again from #Binance in the past 2 days. The whale was long $ARB on #Aave on July 23, and as the price of $ARB decreased, he had to sell $ARB at a loss to pay off debt on Sept 11,” Lookonchain posted on X.

ARB price chart on TradingView

The price currently sits below the middle band of a rising channel on the 4-hour chart, with the 20-day EMA acting as support. The 4-hour RSI is also suggesting further resilience as it holds above the 50 mark.

If ARB breaks past the channel’s middle line (also where a key horizontal support-turned resistance line resides), at $0.87, bulls might target the supply zone above September highs. A demand reload zone could be around $0.74.

The post Arbitrum among top gainers with 9%: Here’s the ARB price outlook appeared first on CoinJournal.

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Bybit to suspend UK services due to regulatory changes

  • Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8.
  • The exchange’s announcement comes ahead of the effective date for new FCA rules for crypto firms.

Bybit has notified its customers that it will suspend its services in the UK next month as it looks to align operations with new regulatory requirements.

According to the crypto exchange, the decision is “in light of the UK Financial Conduct Authority’s introduction of new rules regarding marketing and communications by crypto businesses as outlined in the June 2023 Policy Statement (PS23/6) entitled “Financial Promotion Rules for Crypto assets.”

The suspension will allow the exchange to focus resources on meeting the new regulation, Bybit said in the announcement.

No new customer registrations beginning October 1

No new registrations will be allowed as from October 1, while services to existing customers will be halted on October 8. 

For current Bybit customers, the effective date will see them unable to make deposits, create new contracts, or increase positions. However, users will still be able to reduce or close positions as well as withdraw funds.

All UK customers have been asked to take the necessary steps to manage and wind down positions. The timeline for such action will run until January 8, 2024, 8:00 am UTC.

“After the stipulated deadline, their open positions will be liquidated, and the liquidation funds will be available for withdrawal,” the exchange noted.

Bybit’s move comes ahead of the October 8 deadline for companies to comply with the new UK marketing rules on ads and promotions. The requirement is that a crypto company must have regulatory approval from the Financial Conduct Authority (FCA) for it to support ads and other promotional materials.

At the moment, FCA’s crypto register does not include Dubai-based Bybit. The company recently scored a crypto exchange and custody licence in Cyprus. 

The post Bybit to suspend UK services due to regulatory changes appeared first on CoinJournal.

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Toncoin Skyrockets Over 40% to Join the Top 10 Cryptocurrencies: Which Coin Might Be the Next Big Mover?

Toncoin ($TON) has surged 150% from June 2023 lows and is now a Top 10 project, with a higher valuation than Solana ($SOL) and Tron ($TRX), and quickly turning out to be one of the best crypto investments. Looking at the market cap leaderboard, the token is closely trailing Dogecoin ($DOGE), and Cardano ($ADA) is within range. $TON is up over 30% in the past week of trading and there could be more upsides if bulls press on as they unwind losses of 2023.  

While Toncoin is getting all the attention lately, investors are also exploring emerging projects.Top of the list is eCash and Domini.art ($DOMI). eCash ($XEC) is a rebranded version of Bitcoin Cash ABC, a project with roots in Bitcoin Cash ($BCH) which in turn forked from Bitcoin —a top choice crypto for beginners. Meanwhile, Domini.art is being built from scratch and its creators aim to democratize the art world, providing more opportunities for investors and empowering artists while tapping on blockchain and non-fungible tokens (NFTs) capabilities.

In the ongoing presale, $DOMI is fast selling out and is set for double-digit gains in the next presale phase. This explains the rising demand, especially from crypto investors who are already tracking the unprecedented expansion of $TON.

Why is $TON rallying hard?

The spectacular rise of Toncoin ($TON) is drawing investors as seen by the exploding trading volume. 

Looking at market trackers, $TON is up 31% in the past trading week alone and quickly cementing its position in the top 10. The coin’s dominance is also helped by flat-lining DOGE and ADA prices. Over the past few months, ADA has been crashing and is now below the psychological $0.30 and bouncing from 2023 lows. On the other hand, Dogecoin is losing steam as attention shifts to emerging projects, including $PEPE.

$TON is rapidly gaining traction partly due to the improvement in crypto sentiment. $BTC, for instance, rejected lower lows, reversing from $25k to spot rates. This lifted $TON as investors began searching for quality projects to diversify to. Moreover, Telegram has integrated Tonchain, boosting $TON. 

Telegram is a popular messaging platform with over 700 million active users. With this deal, Telegram plans to launch a TON wallet in the coming weeks. Here, Telegram users will easily interact with the Tonchain ecosystem, even storing TON.

As $TON soars, analysts believe $DOMI and $XEC are next. Can this be true?

Why Domini.art and eCash are the next big projects after Tonchain

At time of writing, $XEC is up 16% from September lows but still under pressure. Riding on their objective to enhance payments, their growth, however, may not be as rapid as other altcoins, including $DOMI—which could be one of the altcoins to watch in September.

Domini.art is ambitious and its creators have laid down a clear roadmap to revolutionize the art world—an industry that can be used to store value in times of economic turmoil. To illustrate, statistics show that blue-chip artwork has been consistently outperforming S&P 500 by over 500% since 2000. And looking at the sale of Jean Michel Basquiat’s masterpiece for $110.5 million (initially purchased for $12k), it is clear why digitizing art and allowing everyone to participate can be lucrative.

Domini.art merges blue-chip art with blockchain, in effect, opening up the doors for global investors to not only invest but diversify their crypto portfolios and even trade on their marketplace. The platform anchors on the globally accessible Ethereum network, making it possible for anyone to participate.

By using non-fungible tokens (NFTs), artwork acquired is fractionalized and sold on the marketplace for all willing investors. $DOMI plays a key role in this and is used as the primary utility token. Holders receive multiple benefits, including access to rewards and events.

$DOMI is available for $0.002625 in the presale and over 37 million have so far been sold, days after launching.

Conclusion

While $TON roars, storming into the top 10, $XEC and especially $DOMI–the best NFT crypto–are highly likely to be the next big projects to surge. $DOMI is core to Domini.art and their value proposition means adopters who get exposure at spot rates can benefit massively once it launches. Analysts have suggested $DOMI could be a top-20 project by 2024.

Learn more about $DOMI here:

Visit Domini.art Presale | Join the Community

The post Toncoin Skyrockets Over 40% to Join the Top 10 Cryptocurrencies: Which Coin Might Be the Next Big Mover? appeared first on CoinJournal.

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Shiba Memu sets a new presale milestone as enthusiasm builds for the meme sensation

  • Shiba Memu has raised over $3 million as presale underlines investor interest.

  • Shiba Memu is unique in its AI marketing, focusing on making it sustainable.

  • A potential 50x gain could be realised based on margins recorded by meme cryptocurrencies. 

Investor interest in new meme cryptocurrencies is undeniably high. Small projects that started as a joke, like Dogecoin and Shiba Inu, have become big names. When PEPE launched earlier this year, investor interest pushed the token to thousands of percentage-digit gains. It is no coincidence that Shiba Memu, a new AI-led meme cryptocurrency, is attracting a huge demand. Still on presale, the token has crossed the $3 million mark on amounts raised. With this unstoppable demand, you can learn more about this token and whether you should invest.

What is Shiba Memu, and how is it unique?

Shiba Memu is a sensational meme crypto project that aims for high ROI by tapping into the power of AI. The project uses AI to optimise its marketing interventions and track branding initiatives. Shiba Memu can also identify positive and negative sentiments on online forums and social media. It then uses the information to inform its marketing campaigns.

The self-marketing concept effortlessly creates hype and popularity for Shiba Memu. For a sector driven by speculations and online chatter, the capabilities enable Shiba Memu to grow powerful. 

Shiba Memu also taps into the power of predictive analytics to stay ahead of rivals. The project can forecast future marketing trends and adjust its branding techniques. An AI personalisation feature also lets Shiba Memu customise its PR strategies. The feature underscores Shiba Memu’s commitment to generating sustainable income for its investors.

Shiba Memu also stands out as a powerful AI project for social engagement. Users can directly engage with the AI through a dashboard and learn from it. From hot topics in creative advertising to captivating crypto conversations, Shiba Memu can do it all. Users can also ask questions and get feedback from the AI. The capability lets Shiba Memu tap into the power of social connections to grow and become more intelligent.

Is Shiba Memu the best meme crypto of 2023?

A few established names may pop up when considering the best meme cryptocurrencies for 2023. However, these tokens, most listed on exchanges, are enduring a prolonged crypto winter. That leaves investors with limited options for meme investment. Shiba Memu is yet to debut on exchanges, meaning its value is still locked. 

As we saw with PEPE earlier this year, meme cryptocurrencies are best when they are starting. Gains can be as high as 50x as speculations are high and investor interest solid. Given this historical trend and market situation, Shiba Memu could be the ideal investment. 

Another investment thesis for Shiba Memu is its utility beyond speculation. Once you have bought the tokens, you can stake them in a smart contract platform or staking pool. Investors earn yields for their staked tokens. Other investors will earn transaction fees by offering liquidity through a decentralised exchange. The use cases could drive investment and demand for the project and generate long-term returns.

Shiba Memu tokenomics and unique presale

From the project’s roadmap, 85% of SHMU tokens will be offered at a discount before the token is listed. The team has set the total supply at 1 billion, with investors rapidly taking the tokens off-shelf. 

The demand can be attributed to Shiba Memu’s unique presale. Since opening the presale, the value of Shiba Memu has risen steadily. From an initial starting price of $0.011125, the token is now valued at $0.028900 and is still on the move. 

The price gains reflect the project’s tokenomics, allowing SHMU value to rise daily at 6 PM GMT. By the time the presale ends, investors will receive more valued tokens than they invested.

The post Shiba Memu sets a new presale milestone as enthusiasm builds for the meme sensation appeared first on CoinJournal.

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Pancakeswap integrates with Transak to ease crypto purchases with fiat

Key takeaways

  • Pancakeswap has integrated with Transak for fiat onboarding on multiple chains.

  • Users can now purchase cryptocurrencies with debit cards, Google Pay, Apple Pay and other methods via Transak.

Pancakeswap integrates with Transak

Decentralised exchange PancakeSwap has integrated with Transak, a developer integration toolkit that allows users to buy/sell crypto in any app, website or web plugin.

Transak is now part of the Pancakeswap “buy crypto” tab, enabling Pancakeswap users to purchase cryptocurrencies using a wide range of payment options.

According to the announcement, Pancakeswap users can now purchase cryptocurrencies with fiat currencies using numerous options such as credit cards, bank transfers, Google Pay, and Apple Pay.

This isn’t the first fiat purchase option integrated by Pancakeswap. The decentralised exchange had previously integrated Mercuryo and MoonPay into its platform, with Transak now the third payment option available to users. 

Pancakeswap is one of the leading decentralised exchanges in the world. It is currently available on multiple blockchain networks, including BNB Smart Chain, Ethereum, Base and Polygon zkEVM.

The DEX currently has more than $1.3 billion worth of cryptocurrencies in its contracts and processes more than $150 million in daily trading volume. 

Transak is supported by seven blockchains

According to the announcement, Pancakeswap said Transak is now available across nine cryptocurrencies on seven blockchains at launch. Some of the supported chains include Ethereum, Polygon zkEVM, zkSync Era, Linea, Base, BNB Chain, and Arbitrum.

While commenting on this latest cryptocurrency news, PancakeSwap’s pseudonymous leader, head chef Mochi, said,

“It’s imperative that entry points remain simple yet robust. Transak’s expertise in fiat on-ramping, combined with PancakeSwap’s platform capabilities, promises an era where diving into decentralised finance is intuitive and barrier-free for all.”

Pancakeswap has been building despite the ongoing bear market. In August, Pancakeswap V3 launched on the Ethereum Layer 2 Linea mainnet. Linea is an EVM-compatible zero-knowledge proofs network developed by ConsenSys.

The post Pancakeswap integrates with Transak to ease crypto purchases with fiat appeared first on CoinJournal.