Schlagwort: crypto business

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LINK rallies by 26% in a week as Uniswap lists AltSignal’s ASI

Key takeaways

  • Chainlink’s LINK is up by 26% in the last seven days, outperforming the broader cryptocurrency market.

  • ASI token launched on the Uniswap exchange after AltSignals concluded its token sale. 

The cryptocurrency market has been consolidating over the past few days, with Bitcoin still trading below the $43k level. However, Chainlink’s LINK is currently outperforming the market and could rally higher soon.

LINK rallies by 26% to outperform the market

LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap over the last seven days. It is up by more than 26% over the last seven days.

At press time, the price of Chainlink stands at $18.92. LINK’s rally comes as the other major cryptocurrencies continue to underperform. Bitcoin continues to trade below the $43k level while Ether is consolidating above $2,300. 

AltSignals’ presale comes to an end

Despite the current market conditions, AltSignals has achieved an important milestone. The project’s presale has now closed and the team raised $1.8 million. In the first presale round, ASI, the native token of the AltSignals ecosystem, went for 0.015 USDT. however, by the end of the presale, the token was sold for 0.01875 USDT.

The funds raised from the presale rounds would aid in developing products for the users. AltSignals is a unique project that will use AI and blockchain technology to ease crypto trading and, in the process, help onboard more traders to the market. 

What is AltSignals?

AltSignals is a Web3 project that seeks to gain adoption beyond the crypto space. It project targets traders in the broader financial markets, including crypto, forex, stocks, commodities, and indices traders. 

Per their whitepaper, AltSignals intends to make it easier for traders to have access to trading signals and other resources that would help make them better traders. 

Most of the funds generated from the presale round would go towards developing ActualizeAI. ActualizeAI is an AI solution that will make it easier for people to trade cryptocurrencies and other financial assets. 

With ActualizeAI, traders have a solution that works 24/7, generating signals and helping them identify various patterns in the market. This solution helps eliminate some of the obstacles traders face in the market. 

Furthermore, AltSignals will use blockchain technology, AI, natural language processing, machine learning, regression, and predictive modelling, to enhance its services. 

ASI price prediction as Uniswap lists the token

ASI is the native token of the AltSignals ecosystem. Now that the presale has been concluded, the AltSignals team is already working to get the token listed on several cryptocurrency exchanges.

A few hours ago, the team announced that the ASI token had been listed on Uniswap, one of the leading decentralized cryptocurrency exchanges in the world. With ASI now available on Uniswap, the token would become available to millions of investors globally. 

At the moment, ASI is still trading at $0.01875 per token. However, with the listing on Uniswap and other exchanges to come, ASI’s value could skyrocket over the coming weeks and months. 

In addition to that, AltSignals’ adoption by traders could help push ASI’s price higher in the coming months and years. 

Should I buy AltSignals now?

AltSignals is no longer in presale, which means that it will become easier to purchase the token. ASI is already live on Uniswap and can be purchased from the decentralized exchange.

The team is also working to list ASI on other decentralized and centralized exchanges in the coming weeks and months. 

If AltSignals gets the right level of adoption, ASI’s price could soar higher in the coming months and years. AltSignals could gain massive adoption in the crypto space and beyond, and this could make it one of the leading Web3 projects in the world.

The post LINK rallies by 26% in a week as Uniswap lists AltSignal’s ASI appeared first on CoinJournal.

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Polygon (MATIC) hovers near key level ahead of Etrog upgrade

  • Polygon (MATIC) traded near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog upgrade.
  • MATIC could breakout to above $1 if bulls hold key level, or likely retest the important support zone at $0.5.

Polygon (MATIC) price was trading near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog mainnet upgrade.

The altcoin, which rose to above $0.79 amid a 20% spike in trading volume, was among the few cryptocurrencies in the top 20 by market cap to hover flat as Bitcoin retreated below $43k to mirror US stock declines.

MATIC outlook as Polygon eyes Etrog upgrade

Last month, Polygon Foundation announced a 10-day countdown to the activation of the Etrog upgrade on mainnet. 

As noted in a blog post, the upgrade is for Polygon zkEVM and is set to bring support for pre-compiled smart contracts. The release is expected to transform the zkEVM closer to a Type 2 ZK-EVM, – that is, an EVM-equivalent ZK rollup.

With the upgrade, developers can deploy their code on Polygon zkEVM just as they would on Ethereum. According to the Polygon Foundation, devs only need to “copy-paste and go, no modifications necessary.”

The 10-day countdown for the upgrade means the expected mainnet release is on Tuesday, February 6.

Ahead of this milestone, MATIC price rose from an intraday low of $0.76 to $0.79 before retesting the support area amid today’s broader crypto lull.

If a breakout materializes in coming days and weeks, the Polygon token could target an extended run above the psychological $1 level. A breakdown however could push MATIC/USD to the 2023 support base around $0.5.

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Crypto fear and greed index retreats as BitBot token sale thrives

  • The crypto fear and greed index has pulled back in the past few weeks.

  • This happened as Bitcoin and other altcoins moved sideways.

  • BitBot has continued to do well in the past few months.

The crypto fear and greed index continued to retreat this week after a major warning from Jerome Powell and Raphael Bostic. In separate statements, the two Fed officials warned that inflation remained stubbornly high and that they would not cut interest rates any time soon. 

These statements led to a sense of fear in the financial market. Bitcoin retreated to $42,000 while the total valuation of all digital coins plunged to $1.7 trillion, according to data by CoinGecko. Other popular coins like EOS, IOTA, and Decentraland also continued falling. 

Meanwhile, the crypto fear and greed index moved from the extreme greed zone of 78 to the neutral point of 50. This is a sign that investors are no longer greedy. The same trend is happening in the stock market, where the Dow Jones and Nasdaq 100 indices dropped by more than 1%..

BitBot is thriving

Despite the rising fear in the crypto industry, BitBot is thriving as its token sale intensifies. Data in its website shows that the token has already raised over $426k in the past few weeks. It is matching towards its goal of raising $630k in the current stage, which you can participate here.

For starters, BitBot is a platform that aims to disrupt one of the biggest industries in the trading and investing world. It is aiming to streamline the Telegram bot market that generates millions of dollars every year.

Telegram bots are tools that millions of day traders subscribe to with the goal of receiving day trading signals. The challenge with most of these bots is that most of them are highly inaccurate and they tend to be opaque.

BitBot will change this by using blockchain technology since it will be powered by $BITBOT token. This token will give holders the ability to share revenue that the network generates. It will also give them exclusive access to pre-sales and other features in the ecosystem. 

Most importantly, the network will merge the features of non-custodial trading solutions and its superior security features. This means that traders will maintain their keys and their wallets, which is a good way to boost security.

Is BitBot a good investment?

BitBot’s token sale is doing well at a time when demand for cryptocurrencies has waned slightly in the past few weeks after the SEC accepted a spot Bitcoin ETF. The total volume of cryptocurrencies traded in exchanges has retreated modestly in this period.

Still, a case for investing in BitBot’s presale can be made. For one, most analysts believe that the outlook for cryptocurrencies is still bullish. Besides, the Fed will ultimately start cutting interest rates this year. 

Also, the closely-watched Bitcoin halving will take place later in April. Historically, cryptocurrencies tend to do well ahead and after the halving happens. If this happens, BitBot will likely do well in the coming months. 

However, there is a caveat about all this. Historically, cryptocurrencies tend to be high-risk and high-reward assets. As such, there is a likelihood that the token could surge or retreat after going public. This means that traders should only invest funds that they are comfortable losing.

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Tether leads $25M round for crypto payments firm Oobit

  • Tether led the $25 million Series A round for crypto payments firm Oobit.
  • Solana co-founder Anatoly Yakovenko also backed the platform’s investment round.

Oobit, a mobile payments firm that allows users to pay with crypto, has raised $25 million in its Series A funding round. 

Stablecoin issuer Tether led the crypto platform’s funding round, which also attracted the backing of CMCC Global, 468 Capital and Solana co-founder Anatoly Yakovenko.

The financing will help Oobit continue its development as it looks to achieve mainstream adoption, Tether noted in a press release.

“Tether’s strategic investment in Oobit underscores our unwavering dedication to welcoming new users into the cryptocurrency ecosystem,” said Paolo Ardoino, CEO of Tether. 

He added: “Our support is founded on a mutual vision to drive the widespread adoption of cryptocurrencies on a global scale. Oobit, in our perspective, stands as a catalyst, breaking down barriers and facilitating frictionless transactions for crypto holders worldwide.”

With Oobit, crypto holders can easily pay for goods and services at more than 100 million retail points globally. Oobit’s Tap & Pay feature, which accepts Visa and Mastercard, uses NFC (near-field communication) to enable contactless payments, with users accessing tokenized payments that allow for merchants to convert crypto to fiat in real time.

The platform also targets growth across the financial space with third-party wallet integrations.

Following today’s news, the price of native Oobit token OBT soared by more than 30% to reach highs of $0.105.

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Binance lists Ronin (RON) as Pullix (PLX) eyes beta launch

  • Binance announced it would list Ronin (RON) on February 5, 2024.
  • Pullix has revealed major updates, including its registration as an exchange provider.
  • PLX token presale has reached stage 7, which means Pullix is on track for its beta launch and market debut.

Ronin (RON), the native token of the Web3 gaming platform Ronin Network, is among tokens seeing significant price action today. The increased activity around the cryptocurrency comes as major crypto exchange Binance announced the listing of the RON token.

Elsewhere, investors are fully focused on the upcoming launch of hybrid exchange Pullix (PLX), whose token sale is currently in stage 7 of 8. The latest updates from the Pullix team have the community extremely excited.

Binance announces Ronin (RON) listing

Binance announced on Monday that it will list Ronin (RON) at 13:30 UTC on February 5, 2024. According to the exchange, spot trading pairs available to traders will be RONIN/BTC, RONIN/USDT, RONIN/FDUSD and RONIN/TRY.

Amid this announcement, Ronin price shot to highs of $3.51 across exchanges. Data from CoinGeko shows the EVM-compatible blockchain platform’s native token rose to levels last seen in February 2022. The token was trading about 33% from its all-time high of $4.29 reached in January 2022 at around 10:50 UTC on Monday.

Ronin’s recent surge coupled with today’s announcement has however coincided with an uptick in profit taking from holders. The price is therefore likely to revisit support levels in the $2.50 to $2.00 region – a scenario that will strengthen if RON/USD breaks fails to establish $2.80 as a support level.

Pullix on cusp of major milestone

Pullix is a new hybrid exchange targeting the exponential growth anticipated for the DeFi ecosystem. 

With its presale seeing astronomical interest that has accelerated in the past few weeks, the project has released an update that has the DeFi community thrilled.

In particular, it’s the announcement that Pullix will soon launch in beta, bringing the best of centralized exchanges like Binance and decentralized exchanges like Uniswap, dYdX to users. When the project hits this milestone, the market will have access to a hybrid exchange infrastructure that offers a solution to one major problem bedeviling the DeFi sector – liquidity.

Pullix will incentivize users to provide liquidity, while the hybrid model will allow for a robust security platform where users remain in control of their assets’ private keys. 

More than that, this exchange offers institutional-grade trading tools and a unique revenue-sharing mechanism that gives 30% of all exchange revenue to users in a daily payout.

Should you buy Pullix (PLX) today?

Ahead of its official beta launch, Pullix has provided key updates. In a post on the official X account, the team revealed Pullix had received offshore regulatory approval.

Also notable is its team’s progress with the trading technology, which puts the project on track for a website upgrade and demo. Developers have also worked on the staking and token burn dashboards, which are ready ahead of PLX presale conclusion. The beta launch will follow, paving the way for Pullix’s entry into the market.

The launch will see the DeFi ecosystem benefit from a platform that offers institutional-level liquidity, security and tools, including AI based trading and copy trading. It will also open up the PLX token as an investment, with traction aiding upside momentum for PLX.

Pullix has raised over $4.9 million with the PLX token currently priced at $0.1 in the penultimate presale stage. It’s a level that offers what could still be a major opportunity.

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