Schlagwort: crypto business

• PANDA and MEW see price rally but face resistance resulting in pullbacks.
• Investors shift focus to Altgotech amid cooling off of PANDA and MEW momentum.
• Altgotech aims to revolutionize trading and its native token ALGT is currently in the presale stage.

In the volatile world of cryptocurrency, investors are always on the lookout for the next big opportunity. Recently, two altcoins, Panda Swap (PANDA) and Cat in a Dogs World (MEW), experienced significant price rallies, attracting attention from the crypto community.

However, the bullish momentum for the two tokens has cooled off and investors are now turning their focus to a new altcoin like Algotech (ALGT), signalling a dynamic shift in market sentiment.

Panda Swap (PANDA) price rally and pullback

Panda Swap (PANDA) recently witnessed a remarkable price rally, driven by massive interest from the meme coin community.

The token’s surge was fueled by anticipation surrounding its expected listing on MEXC exchange, which promised to bring PANDA to 10 million new users across 170 countries. Additionally, Panda Swap’s innovative DEX swap platform on Solana garnered attention for its advanced features and potential to redefine trading experiences.

However, despite the initial rally, PANDA encountered resistance around $0.0292, stalling its upward momentum at the beginning of April. The token then plunged to around $0.004417 before attempting a bullish reversal, which was cut short at around $0.017; forcing the token to pullback to its current price of $0.01226.

Although the Relative Strength Index (RSI) and Awesome Oscillator (AO) indicate a bullish sentiment, a further correction from current levels could trigger a retest of support at $0.004417.

Cat in a Dogs World (MEW) pumps and dumps

Cat in a Dogs World (MEW) embarked on its own price rally mirroring PANDA’s rally amidst the fervor surrounding meme coins.

With a mission to save the world from trending dog coins like Dogecoin (DOGE) and Shiba Inu (SHIB), MEW gained traction among investors seeking unique opportunities in the cryptocurrency market.

The token’s surge was accompanied by positive technical indicators, including a bullish Relative Strength Index (RSI) and a positive Awesome Oscillator (AO), indicating growing bullish sentiment.

However, MEW encountered resistance at $0.0070. The token’s failure to overcome this resistance level led to a correction, with prices potentially retesting the support at around $0.0049.

Despite this setback, MEW’s overall bullish trajectory remains intact, with investors closely monitoring its next move in the market.

Altgotech (ALGT) presale gathers momentum

Amidst the shifting landscape of the cryptocurrency market, Altgotech has emerged as a notable player with its ALGT token.

Altgotech offers a decentralized algorithmic trading platform designed to revolutionize trading experiences through advanced technologies and automation. Its native token, ALGT, serves as the backbone of the platform, providing investors with voting governance rights and a share of profits generated from innovative trading strategies.

The Altgotech presale has so far raised a total of $4,027,933.280 in Stage 3.

With the current price of ALGT at 0.08 tether in the presale stage and an anticipated increase to $0.10 in the next stage, investors are eagerly anticipating the platform’s launch and the potential for significant returns on investment.

Conclusion

As bullish momentum cools off for Panda Swap (PANDA) and Cat in a Dogs World (MEW), investors are turning their attention to new opportunities in the cryptocurrency market.

Altgotech (ALGT) token represents one such opportunity, offering investors access to a decentralized algorithmic trading platform poised to revolutionize the way trading is conducted in the digital age.

With market dynamics constantly evolving, savvy investors are keeping a close eye on emerging trends and potential game-changers in the crypto space.

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Key takeaways

• Bitbot is currently in its 12th presale stage and has raised nearly $2.9 million.
• The presale price will increase to $0.018 in the next stage.

The cryptocurrency market has been volatile since last week’s halving, with prices of Bitcoin and other major altcoins fluctuating. However, that hasn’t stopped Bitbot’s progress as its presale approaches a new milestone. 

What is Bitbot?

Bitbot is a unique Web3 project targeting cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.  

It is designed for retail cryptocurrency traders as it allows them to trade a wide range of crypto pairs via their cold wallets on Telegram. Bitbot chose to leverage Telegram as it is the leading messaging platform for crypto users. 

Per the whitepaper, Bitbot will provide retail traders with world-class features to help them manage and grow their trading portfolios. 

The cryptocurrency market has been recording exceptional growth in recent months, with the total market cap now at $2.4 trillion. Bitbot intends to take advantage of the growing trading volume in the cryptocurrency market to gain massive adoption in the coming months and years.

Bitbot’s technology could be ideal for retail traders

There are several trading tools available to institutional and retail traders. However, Bitbot is changing the narrative by providing traders with similar tools but improved way of accessing the features and using them, 

Bitbot will leverage Knightsafe to offer a self-custody solution, eliminating the typical risks associated with Telegram trading. The anti-MEV and anti-rug solutions currently in development will ensure user assets are safe at all times. With these features, traders can easily avoid bots that artificially pump transaction costs and block scam projects from their timelines. 

Bitbot will also come with ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.

Finally, new traders can attain success faster by leveraging the copy trading feature available on Bitbot. With this feature, traders can copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale approaches $3m

The Bitbot presale is in the 12th stage and has already raised nearly $2.9m. The 12th stage will end once the amount raised reaches $3.186m. 

The presale continues to grow despite the current volatile nature of the broader crypto market. This is an indication of the project’s appeal to investors. Currently, the $BITBOT token is going for $0.0171 but is set to increase to $0.0180 once the next round commences.

According to their tokenomics, the development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% of the total token supply has already been allocated to marketing & CEX listings while 3% goes to exchange liquidity provision.

Click here to read more about Bitbot’s upcoming presale.

Could $BITBOT surge higher after listing?

The crypto market has been bullish over the last couple of months. Market analysts are expecting a bigger pump following last week’s halving. If this happens, altcoins could rally higher in the medium to long term. 

Bitbot could be a big winner in the market if it rolls out its products. The project is set to take advantage of the growing trading volume in the market to obtain a sizable market share. With the right level of adoption, $BITBOT could soar higher in the coming months and years.

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• Chainlink Cross-Chain Interoperability Protocol (CCIP) is now in general availability (GA).
• Developer can leverage CCIP permissionlessly for cross-chain token transfers and to send messages to smart contracts.

Chainlink, the decentralised computing platform for Web3, has announced that its Cross-Chain Interoperability Protocol (CCIP) has officially launched for general availability.

The Chainlink team said in a blog post that the official unveiling of CCIP in general availability means any developer can now integrate CCIP across all the supported blockchains.

Permissionless access also means developers can use CCIP to transfer tokens, send arbitrary messages and data to smart contracts on supported networks.

Chainlink CCIP has officially entered general availability.

Now, all developers can integrate #CCIP across all supported blockchain mainnets in a faster, easier, and more self-serve manner than ever before.https://t.co/VBQEBQViye pic.twitter.com/pgg4q2X7GW

— Chainlink (@chainlink) April 24, 2024

CCIP launches in GA after key milestones

According to Chainlink, GA currently supports interoperability with Ethereum, BNB Chain, Arbitrum, Polygon, Avalanche, Base, Optimism and WEMIX. CCIP will soon integrate more chains, the Chainlink team noted.

CCIP’s general availability launches after Chainlink hit several milestones over the last few months. This includes the launch of bridging app Transporter and addition of native ETH and USDC token transfers.

In general, CCIP supports cross-chain token transfers involving ETH, USDC and LINK.

The team also updated the protocol’s pricing model to bolster efficiency in token transfers and cross-chain messaging.

Chainlink has highlighted key CCIP integrations in the crypto and blockchain space, including by DeFi platform Aave, cross-chain protocol XSwap and Korea-based game developer WEMADE.

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• Strike, a payments app focused on the Bitcoin blockchain, is now available in Europe.
• The platform recently expanded to Africa and its app is also accessible in Latin America.
• Strike raised $80 million in 2022 as it sought to expand its services globally.

Strike, the digital payments app built on Bitcoin’s Lightning Network, announced the expansion to the European market on April 24. 

With this launch, Strike can now offer its customers in the region access to crypto, including the buying, selling and withdrawal of the world’s flagship cryptocurrency Bitcoin (BTC).

What does Strike’s expansion to Europe mean?

Strike’s launch in the European market comes as the crypto sector experiences renewed interest, particularly after the debut of spot Bitcoin ETFs in the United States. BTC price rallying to highs of $73k is fueling fresh demand amid the halving.

The expansion into Europe will see the Bitcoin-centric platform challenge for dominance in a market that has the likes of eToro, Coinbase and BitPanda.

Strike aims to allow users a chance to buy and sell Bitcoin at much lower processing fees than what rivals such as Coinbase currently offer. The platform’s successful pilot with USD-EUR conversions adds to the appeal, which is what traditional money transfer providers like Wise lack.

As well as Europe and the United States, Strike’s services are available in Africa and Latin America.

The company raised $80 million in a Series B funding round announced in September 2022.

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• Worldcoin subsidiary plans to sell up to 36 million WLD tokens over next six months
• WLD supply could increase by as much as 19%.
• Worldcoin price hovered around $5.48 on Wednesday, flat on the day after paring earlier gains.

The scenario that the supply of Worldcoin increases by up to the above number of coins stems from plans outlined in a blog post published on April 23.

“To meet the increasing demand for orb-verified World IDs around the world and support the growth of the Worldcoin network, World Assets Ltd. (a subsidiary of the Worldcoin Foundation) expects to sell WLD tokens from the World Assets treasury in the coming months,” Worldcoin Foundation said in the announcement.

In particular, World Assets is looking to sell between 500,000 to 1.5 million WLD tokens every week for six months. The tokens will account for about 0.1% to 0.4% of Worldcoin’s weekly trading volume.

According to the blog post, the tokens are from the World Assets treasury and will be sold via private sales to non-US institutional trading firms.

“These private placements of WLD will take place for up to 6 months and will include certain measures designed to prevent WLD sold outside the US from flowing back into the US,” Worldcoin Foundation team noted.

Worldcoin (WLD) token price

If World Assets sells the expected weekly total of up to 1.5 million WLD tokens (worth about $8.2 million) the total sales for the six months could reach 36 million tokens. The value of the new WLD supply hitting the market could be up to $197 million, given current WLD token price of $5.48.

Per CoinGecko data, Worldcoin’s 24-hour trading volume stands at $216 million while circulating supply is just over 194 million.  

Worldcoin (WLD) price today is up about 9.7% in the past week and down by about 36% in the past 30 days.

Regulatory headwinds and slowdown in AI tokens is likely behind the decline this past month. However, WLD price is more than 456% up since its all-time low of $0.9731 reached in September last year.

The token launched in July 2023, co-founded by OpenAI CEO Sam Altman. In March, Worldcoin surged to its all-time high of $11.74, getting tailwinds from the broader AI narrative. Worldcoin’s plans for a new Ethereum layer-2 called World Chain also buoyed prices.

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