Schlagwort: crypto business

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Bitcoin Pepe hits $1.2m in under 24 hours: Is it an opportunity

With analysts doubling down on bullish predictions for Bitcoin and cryptocurrencies, investors keen to scoop potential gems have eyes on Bitcoin Pepe (BPEP).

A meme project that takes the best of Bitcoin and Solana, merging security and speed, has the crypto community buzzing. That explains why the Bitcoin Pepe presale crossed the $1 million mark within hours of launch.

Combined with other catalysts, the outlook for this project suggests the first ever meme ICO on Bitcoin could be a potential opportunity.

Why is Bitcoin Pepe attracting a lot of attention?

Bitcoin Pepe (BPEP) is not just the first meme ICO on Bitcoin. It is a project that brings “Solana on Bitcoin.” While social discussion on crypto channels include significant commentary on SOL spot ETFs, a sizable percentage of this is on other investment opportunities within the BTC and SOL ecosystem.

New project Bitcoin Pepe has stood out to enthusiasts and new entrants from the traditional finance space. In under 24 hours, the presale raised over $1.2 million.

This layer 2 chain built to tap into Solana’s speed and low fees to bring memes onto Bitcoin has flipped viral amid this outlook.

What underpins this perspective is the combination of Bitcoin’s staying power and the massive untapped DeFi opportunity on BTC. Bitcoin Pepe’s target, according to their whitepaper, is to unlock the DeFi and meme space for the flagship digital asset.

In short, Bitcoin Pepe is eyeing the $2 trillion within the BTC market and the ICO is an easy, likely bargain entry point. The scramble to get a piece of the BPEP pie is what has pushed the presale amount past $1.2 million in under 24 hours.

Is this a good time to buy Bitcoin Pepe?

Bitcoin Pepe offers 50% of the project’s 2.1 billion BPEP supply to the community via the presale.

Per details on the BPEP presale page, interest has already seen stages 1 and 2 sell out. The price of BPEP has increased to $0.0232, and will jump to $0.0243 in the next stage. Overall, BPEP price will increase throughout the 30 ICO stages.

Notably, BPEP presale price will increase by 5%. Early birds have the potential to sit on a possible 300% upside by the time the ICO hits the final stage.

Another thing is that ICO stage buyers across the ecosystem have reaped big after taking an early bet on standout projects. These include multiple success stories that emerged during the Ethereum ICO boom. Solana itself rose from lows of $0.22 in 2020 to hit $294 – current price is an impressive 39,298% from the low of $0.50 in May 2020.

Bitcoin Pepe plans to go live in the market in the second quarter.

Should Bitcoin Pepe ride the BTC, SOL and broader meme coin sentiment in 2025, the current $0.02 ICO price could be an opportunity worth exploring.

To learn more about Bitcoin Pepe, visit the official website.

The post Bitcoin Pepe hits $1.2m in under 24 hours: Is it an opportunity appeared first on CoinJournal.

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Hester Peirce said the government shouldn’t hinder people who want to try new things

  • Commissioner Peirce wants a government that serves the American people and doesn’t stop others from trying new things
  • Often referred to as “Crypto Mom,” Peirce sees herself more as a “freedom maximalist”
  • Commissioner Peirce is head of the SEC’s new crypto task force

SEC Commissioner Hester Peirce has said that it’s been “extremely frustrating” watching what’s been happening within crypto when people want to try new things.

Speaking in an interview on Bloomberg, the newly appointed head of the Securities and Exchange Commission’s (SEC) new crypto task force said:

“Watching what’s happened to crypto for the past several years has just been extremely frustrating for someone who believes that government is there to serve the American people, not to stymie them when they’re trying new things.”

The crypto task force aims to provide regulatory clarity for the crypto industry. The agency is also planning to work with other agencies, including the Commodity Futures Trading Commission (CFTC) to achieve its goal.

Not a free-for-all

Commissioner Peirce, who’s often described as “Crypto Mom,” said she referred to herself more as a “freedom maximalist” rather than someone who’s an advocate for the industry.

When asked as a freedom maximalist if she believes the crypto industry should be regulated, Peirce said she was committed to using the existing statutory framework, adding that “it doesn’t mean a free-for-all all. It doesn’t mean you get to do whatever you want. We have rules in place and those rules will be enforced.”

At the same time, Peirce adds that US regulation is designed to have basic parameters while allowing people to have “maximum freedom to innovate and try new things…with the understanding that with that comes responsibility and that if something goes wrong, you don’t necessarily have someone to run to.”

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BTC eyes $97k from soft U.S. CPI, iDEGEN’s presale hits $21m

Key takeaways

  • A soft U.S. inflation report later today could see Bitcoin rally above the $97k level.
  • iDEGEN’s presale surpasses $21m ahead of the Feb. 27 listing. 

Bitcoin trades above $96k ahead of CPI

The cryptocurrency market has been bearish this week, with BTC dipping below $94k on Tuesday. However, it is trading above $96k per coin and could rally higher on CPI news later today.

Analysts expect the January U.S. CPI report to show limited progress on inflation. It’s expected to show that the cost of living increased by 0.3% month-on-month in January, slowing down from December’s 0.4% rise.

This will be positive news for risk-based assets like Bitcoin, and BTC’s price could surge past the $97k mark in the coming hours. 

What is iDEGEN?

The cryptocurrency market is bearish this week, but investors continue to push more funds into new and promising projects. iDEGEN is a promising project that has attracted millions of dollars from investors. 

It is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. The project has raised over $20 million in its presale and allocated the money to launch several products and services. 

According to the whitepaper, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool. 

Its native token, $IDGN, will power various activities within the ecosystem. Although it will launch as a memecoin, iDEGEN will offer various utilities to its community and the broader crypto space.

Its launch as a memecoin stems from the recent growth of the meme narrative in the crypto space. Last year, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months. 

The $IDGN launch on exchanges will occur in roughly two weeks. Once it goes live, it could become one of the best-performing coins in the broader crypto market. 

iDEGEN users feed the tool their data through tweets, tags, and comments. The iDEGEN tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes. 

iDEGEN’s presale hits $21m

Despite the current market conditions, the iDEGEN project continues to achieve new milestones. The presale has now officially surpassed $21 million from early investors. 

In the current stage, the $IDGN token is worth $0.0236, and its price will increase to $0.0259 in the next stage. In the final presale stage, it will be worth $0.038, giving early investors a massive ROI before the token launches on exchanges. 

Once the presale ends, iDEGEN’s native token will list on centralised and decentralised trading platforms. 

Is it ideal to invest in iDEGEN before its exchange listing?

The iDEGEN presale is still ongoing but will end in 14 days. It could become one of the biggest performers in the market once the $IDGN token is listed on cryptocurrency exchanges. 

Its unique value proposition makes it an interesting memecoin. iDEGEN could gain massive adoption within the crypto ecosystem as its tool offers an excellent use case. Early investors stand a chance to earn excellent ROI once $IDGN goes live.

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Gemini receives in-principle approval for an investment firm license in Malta

  • The approval marks a significant step for Gemini which has picked Malta as its EU hub for its MiCA application
  • Gemini will be able to offer customers perpetual futures contracts and options throughout the EU and the EEA
  • A growing number of crypto platforms are expanding their services to Europe

Crypto exchange Gemini has been granted in-principle approval for an investment firm license from Malta’s financial regulator.

In a blog post, Mark Jennings, Gemini’s head of Europe, announced the news on February 11. The step marks a significant moment for the crypto exchange which has picked Malta as its EU hub for its Markets in Crypto Assets (MiCA) application.

Jennings said that once the in-principle license is granted, Gemini will be able to offer perpetual futures contracts and options throughout the EU and the European Economic Area (EEA) under the Markets in Financial Instruments Directive II (MiFID II).

“Achieving in-principle approval marks a crucial step in our 2025 European expansion strategy,” Jennings added.

Expanding into Europe

Gemini’s in-principle approval comes at a time when more organizations are turning to Europe to expand their services.

Since the full rollout of the MiCA regulation in the EU at the end of 2024, a growing number of crypto platforms and service providers have already received approval. The approval of MiCA enables providers to offer their products and services in the EEA.

Companies that have received full MiCA licenses include Bitpanda, Boerse Stuttgart Digital, Circle, Coinbase, Crypto.com, MoonPay, and OKX.

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iDEGEN’s value skyrockets with its listing in the horizon

The cryptocurrency market has continued to show resilience in the wake of trade tensions. Most majors have recorded some gains as investors beyond the current instabilities and onto the expected surge in cryptocurrency adoption rates. 

Notably, more market participants are broadening their horizon to include fresh projects with great potential. iDEGEN, a revolutionary force within the AI crypto space is one such entity. 

With about two weeks left for its presale, savvy investors are steadily amassing $IDGN tokens. Based on its potential, its current token price of $0.0236 is likely the lowest it will ever get to moving forward.

Bitcoin’s steady appeal to sustain it above months-long support zone

Even with the recent risk-off mood, bitcoin price has held steady above $90,000, a support zone that has been steady since mid-November 2024. As a cryptocurrency, it is categorized as a risky asset. 

Nonetheless, it continues to attract more individual and institutional investors as its global adoption increases. Indeed, countries like the US and Czech Republic may soon join the growing number of nations and sovereign wealth funds that have included Bitcoin in their strategic reserves. It is this optimism, coupled with eased cryptocurrency regulations, that will support bitcoin in the short and medium-term. 

A look at its daily chart shows Bitcoin price hovering around the 50-day EMA while still trading below the short-term 20-day EMA. At the same time, its RSI is at 47, slightly below the neutral level of 50. Notably, the RSI is facing upwards, indicating that the current rebounding may continue in the ensuing sessions.

At its current level, the range between the psychologically crucial zone of $100,000 and the support level of $96,005 remains worth watching. Further rebounding will have the bull eye the next target at $102,595. However, this bullish thesis will be invalid if the cryptocurrency pulls back below the lower support zone of $94,444.87.

iDEGEN’s positioning turns early adopters to rich crypto investors ahead of its listing

iDEGEN, an AI crypto project that has been making waves in the market since late November 2024, is set to hit the public shelves in about two weeks. Notably, the powerful trifactor that has captured the attention of investors is expected to catapult it to great heights upon listing.

To begin with, the AI crypto space has grown to a market cap of $29.2 billion as seen on CoinGecko. AI16z, one of iDEGEN’s rivals which was launched in October 2024, is valued at over $618 million. As a revolutionary force that has succeeded at curving its niche in the sector, iDEGEN also has the potential to have its value surge by 20x post-listing.

Besides, its positioning as a community-driven project with no guard rails has given it a competitive edge in the market. For instance, its previous ban on X on grounds of “violent content” attracted more investors; enabling it to raise an additional $1 million within 24 hours. 

It has gone on to expand its reach with it the latest V3 upgrade allowing for video content. These upgrades, coupled with its integration of the viral DeepSeek, have yielded fresh waves of buying pressure. 

So far, it has raised over $21 million with more than 1.7 million $IDGN tokens already sold. As it stands, investors only have a few more weeks left to get onto this highly profitable bandwagon. With returns of over 21,000%, the early adopters are already earning big even before the project’s listing. You can buy the iDegen token here.

Cardano price to rebound within a range amid competition from smart contract projects 

Cardano price appears set for a week of gains after being in the red over the past three weeks. On the one hand, new projects in the smart contract space have exerted pressure on Cardano. However, its healthy adoption rate and blockchain infrastructure continues to support the altcoin.

On its daily chart, cardano price remains below the 25 and 50-day EMAs. At an RSI of 39, it has some room for a rebound. However, while the rebounding will likely continue in the ensuing sessions, it may be range-bound in the short term.

 At its current level, the range between the support zone of $0.7005 and the 20-day EMA at $0.8185 is worth watching. With additional bullish momentum, the bulls will be eyeing the next resistance level at $0.8875. 

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