Schlagwort: crypto business

• OKX TR offers Turkish Lira fiat on-ramp capabilities as well as direct bank deposits and withdrawals.
• The exchange will list major crypto trading pairs, including BTC/TRY, USTD/TRY and ETH/TRY.
• OKX announced plans for a Turkish unit in May 2023.

OKX has announced that its crypto exchange in Türkiye, OKX TR has officially opened. The new exchange will be the gateway to the crypto ecosystem, including decentralized finance (DeFi) for Turkish users, the OKX team said in a news release.

OKX TR partners with local banks

According to the exchange’s announcement, OKX TR brings localized crypto trading and user experience to its users in Türkiye.

While getting banking partners for crypto platforms have been tricky in several jurisdictions amid regulatory restrictions, OKX says its local Turkiye unit will boast multiple banking partners. These will help it extend the Turkish Lira as a fiat on-ramp.

Per the platform, users have access to direct deposits and withdrawals with Lira at Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank and Türkiye Finans.

“The official launch of OKX TR is a significant milestone in our global expansion strategy. With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem,” OKX president Hong Fang said.

OKX’s official launch in Türkiye follows the exchange’s expansion plans announced in May 2023.  With this unveiling, the exchange now has the opportunity to grow its presence and capture the local market share.

OKX TR will offer major crypto trading pairs, including BTC/TRY, USTD/TRY and ETH/TRY. The 24/7 customer support feature will be available in both Turkish and English.

Meanwhile, OKX TR users can access the OKX Web3 Wallet via the exchange’s global platform.

The post OKX officially launches in Türkiye with OKX TR appeared first on CoinJournal.

• Ethereum, THETA, Memeinator price prediction as crypto rally resumes
• Ethereum is seeing huge institutional investor interest and could target $5k while THETA may rally as the AI boom continues.
• The Memeinator is in presale and could explode as it rolls out its project.

Ethereum could hit $5,000 amid growing institutional adoption. Meanwhile, Artificial Intelligence (AI) developments and meme coin resurgence could buoy Theta Network (THETA) and Memeinator (MMTR) respectively.

Ethereum price: ETH attracting institutional investors

Ethereum price has broken above $3,200 as market data shows institutions are betting big on the world’s second largest cryptocurrency by market cap.

As crypto analyst Rekt Capital pointed out on X today, the last time Ethereum price spiked as it has this month was during the last bull cycle. While that happened near the cycle peak, the analyst says the extent of gains this month suggests the bull cycle might reach a new level.

The top altcoin, according to a report by crypto exchange Bybit, has seen increased long term bet from institutional investors.

With ETH now a major part of crypto whales’ portfolio strategies, further price gains are likely. Analysts have predicted a potential run to $5,000 with imminent catalysts such as the Dencun upgrade, spot Ethereum ETFs and bullish BTC.

Growth in the DeFi space could also be a big boost for ETH price, particularly as liquid staking and restaking gains momentum.

THETA price prediction amid AI boost

Theta Network (THETA) is one of the top performers in the crypto market today. The altcoin, which launched in 2019, is a decentralized video streaming protocol. Users get rewarded for their bandwidth and computing power shared across the protocol.

THETA price has surged by more than 44% in the past 24 hours. Gains over the past month stand at around 107%, with this coming amid a spike in demand for decentralized GPUs. The expected growth around Theta EdgeCloud, the protocol’s decentralized software platform, could see the price of THETA target a breakout to $4.

Currently, the altcoin trades around $2.03.

Memeinator: Utility-driven meme eyeing overall dominance

Memeinator has raised more than $5 million in its presale as stage 16 of 20 draws to a close. When the project enters the market in the second quarter of the year, the era of a new meme coin dominance will officially begin.

This project launches at a time when nearly a quarter of the crypto tokens today are meme coins. However, as market research has shown, most of these are worthless, no-utility tokens. Most are expected to die off, and many could face judgement from Memeinator.

As it seeks to register the $1 billion market cap milestone, Memeinator will utilize an AI-powered game and other real-utility features to annihilate the Dogecoin copycats. This goal is coming into fruition with the presale concluding soon and major developments such as the partnership with Red Apple Technologies sealed.

Memeinator is therefore bidding to topple meme coin pretenders as well as become a top GameFi platform. Holders of the native $MMTR will also benefit from staking and an NFT marketplace.

Memeinator price prediction

2023 saw meme coins such as Pepe and Bonk soar to staggering heights, the latter helping reignite the Solana meme market. In 2024 and beyond, this crown could belong to Memeinator.

The overall utility that the project offers and the expected growth around crypto, gaming and AI, bode well for $MMTR price. For instance, estimates for the GameFi and NFTs market highlight growth to a $90 billion industry by 2030.

In the crypto market, analysts are looking at an altcoin season as Bitcoin price rockets. If Memeinator navigates the remaining presale stages and emerges in the market, a formidable performance could see it quickly top most weak meme tokens.

The post Ethereum, THETA, Memeinator price prediction as bulls target more gains appeared first on CoinJournal.

• Bitcoin Cash and Stacks are among altcoins to surge as Bitcoin price broke above $57k today.
• KangaMoon (KANG) is a new meme coin offering real-world value via a Social-Fi and play-to-earn (P2E) ecosystem.
• The project’s presale has accelerated into stage 2 as investors eye a potential 20x token.

Bitcoin Cash (BCH) and Stacks (STX) rallied as Bitcoin price broke above $57,000 to strengthen bulls’ attempts to reach the last bull market’s peak. BCH added 14% to trade at $303 while STX price jumped 24% to $3.14.

Elsewhere, Dogecoin pushed to $0.09 as meme coins looked to pump amid the BTC momentum. This sentiment cascaded into the presale market, where KangaMoon (KANG) is attracting huge attention from investors.

Bitcoin price spike pushes BCH, STX higher

Once Bitcoin broke above $54k, bears had no answer as the next few hours saw the benchmark cryptocurrency blast past $57k. According to TradingView data, $BTC price rose as high as $57,250 on US-based crypto exchange Coinbase.

The move saw millions of dollars in shorts liquidated, with $BTC accounting for over $189 million of the $271 million early Tuesday.

Although major altcoins posted slightly unimpressive gains, Ethereum still managed to cross above $3,200. Theta Network (THETA), Bitcoin Cash (BCH) and Stacks (STX) however outpaced the rest of the top 50 coins by market cap.

Analysts say these tokens could rally higher as BTC outperforms – particularly with the halving less than two months away. 

KangaMoon: The new era of MemeFi and play-to-earn

KangaMoon is a new project aiming to become the top meme coin by offering the crypto community access to the best of Social-Fi and play-2-earn (P2E).

The ERC-20 token will have a maximum supply of 1 billion tokens. 60% or 600 million tokens are available for presale, while 150 million and 100 million will go to in-game rewards and staking rewards respectively.

While an ecosystem filled with fun activities, KangaMoon also sets itself apart from the horde of meme coins out there with a layer of real-world value. Unlike Dogecoin or the many copycats it inspired, KangaMoon’s $KANG holds real utility that comes at every competition and challenge.

Holders of $KANG will have a chance to earn rewards or win major prizes in weekly, monthly or quarterly challenges. The best part of this project is that $KANG holders can start earning token rewards straightaway.

Once you acquire the utility token during the presale, you can begin to monetize your gaming time and accumulate more $KANG before the token launches post-presale.

What this project aims to do is foster a vibrant ecosystem where Socia-Fi and gaming combine to offer value that other meme coins don’t. The KangaMoon virtual world also includes NFTs.

KangaMoon price outlook: Will $KANG 20x in 2024?

According to a recent research report, the global P2E and NFT games market is estimated to expand by a CAGR of 21.3% to $6324.54 million by 2031. KangaMoon is poised to take this market by storm, having raised over 

The project’s presale offers meme enthusiasts and the crypto investing community a chance to grab $KANG and join a top tier play-to-earn ecosystem.

The presale is also an opportunity for early adopters to be part of a community-driven crypto project that analysts forecast could be a 20x token in 2024. 

With previous bull runs for Bitcoin coinciding with a later distribution of profits into alts, analysts see a rally for BCH and STX extending. Memecoins are also set to profit from this sentiment in coming months, and leading this new era will be KangaMoon (KANG).

Join the presale or learn more here.

The post Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale appeared first on CoinJournal.

• Frax Finance is looking to mirror Uniswap’s proposal to allocate protocol fees to stakers
• FXS price surged to highs of $9.64 and could break above $10 if bulls hold onto gains.

After the Uniswap Foundation released a proposal seeking to distribute network fees to UNI stakers, the team at Frax Finance have outlined a similar proposal. Frax Finance founder Sam Kazemian outlined this during an interview with CoinDesk.

The Frax Finance team had earlier hinted at this on February 23 via a post on X.

Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, mostly being conserved in the treasury now. Time to turn it back on? 👀 https://t.co/3Yd9oDV98A

— Frax Finance ¤⛓️¤ (@fraxfinance) February 23, 2024

FXS toke surges amid UNI-like proposal

Last week, the Uniswap (UNI) token jumped on news of the protocol’s revenue share proposal. Frax Finance’s governance token FXS is also rising after the project’s latest move. While the community rejected a proposal aimed at sharing revenue in 2022, the current outlook led by Uniswap could get the nod.

If it does, FXS holders can lock their tokens for veFXS, which would attract a share of the protocol revenue. Users can stake veFXS on Ethereum mainnet and on Fraxtal, the layer-2 protocol of Frax Finance.

FXS traded to highs near $11 on February 5. Today’s 8% spike pushed it to highs of $9.64, levels seen on February 20.

With the broader DeFi ecosystem witnessing a bump in prices amid UNI token’s surge last week, further gains for FXS could push it back above $10.

Above this, FXS could target $12, the March 2023 resistance level. Bulls could then eye the all-time high of $42.80 hit in January 2022. On the flipside, Frax Finance price has primary support at $8 and potentially $7.

The post Here’s why Frax Finance (FXS) token soared today appeared first on CoinJournal.