Schlagwort: crypto business

• Pullix (PLX) continues to attract trader attention as its presale surpasses $3.8 million.
• Meanwhile, dYdX (DYDX), the native token of Cosmos-based decentralized exchange (DEX) platform dYdX Chain, has surged in the past week.
• This comes as dYdX flips Uniswap (UNI) to become the largest DEX by daily trading volume.

As the market growth pushes the dYdX price higher, analysts say a new trading platform’s native token could be one of the best crypto to invest in today. This outlook comes as trader attention increasingly flips towards Pullix (PLX), a hybrid exchange project that’s currently in presale. 

Here’s a look at dYdX’s milestone. Also find out why Pullix could be one of the top investment opportunities in 2024.    

dYdX Chain: DYDX surges as volume flips Uniswap

dYdX (DYDX) currently sits top of the ranking as the largest decentralized exchange (DEX) by trading volume. This is after the Cosmos-based dYdX surpassed Uniswap with a massive 24-hour volume of $625 million compared to Uniswap’s $512 million.

According to CoinMarketCap data, the dYdX (v4) 24-hour volume accounted for nearly 12% of the market share, while Uniswap was seeing 9.7%. The milestone for dYdX (v4) comes after a remarkable year of growth for the trading platform.

Full trading on dYdX Chain launched in November 2023, and by the end of December, it had seen over $8 billion in volume. The dYdX Chain hit the $1 billion mark in 24-hour trading volume on January 12.

Pullix (PLX): The new hybrid exchange

Interest in Pullix (PLX) has increased as its presale accelerates towards the final stages. Early bird investors have seen the token sale raise over $3.8 million by stage 6 of the PLX offer.

The level of excitement around this project is likely to soar further as it nears its launch. However, as market experts have opined in recent months, new exchanges that combine and deliver the best of centralized and decentralized exchanges could be the future of DeFi.

Other than offering a non-custodial trading platform and incentivizing users to provide liquidity, Pullix provides for portfolio diversification perpetual futures, CFDs and crypto. With PLX, you can also earn from yield farming and staking, earning passive income as trade.

Users can also tap into the exchange’s hybrid model to leverage opportunities in the traditional markets, where FX alone accounts for a staggering $6.6 trillion in daily volume.

dYdX (DYDX) price outlook

The dYdX Chain uses the layer 1 token DYDX as its governance token. The protocol supports staking. As such, dXdY’s market share increase has coincided with a price surge for the DYDX token, which reached highs of $3.15 on Thursday.

In the past month, DYDX price has increased by nearly 15% and is up 32% since touching its all-time low of $2.30 on January 3, 2024. With the all-time high at $3.73, analysts say there’s room for DYDX to enter price discovery amid a broader market rally.

Can Pullix (PLX) be a good investment opportunity?

While dYdX could be one of the best DEX tokens to buy now, Pullix stands out as a hybrid exchange project, bringing the best of both centralized and decentralized exchanges to the trading community. The potential for PLX to gain amid market growth means the Pullix presale presents an opportunity.

Pullix’s native token will power its “Trade-to-Earn” ecosystem, giving holders an opportunity to earn passively from the exchange’s daily revenue.

Furthermore, the current PLX presale price in stage 6 is $0.08, up from $0.04 in the initial stage. With the interest in hybrid exchanges growing and Pullix targeting the revitalized DeFi ecosystem, post-launch prospects for PLX look great.

This, and the fact that the trading platform will burn 50% of the generated fees (in PLX), and offer 50% for staking rewards, makes for a tantalizing investment prospect.

Do you want to learn more about Pullix and its native token’s utility? Join the presale.

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• Crypto exchange Gemini is now registered as a cryptocurrency services provider in France.
• The exchange will offer its services and products to customers in France in coming weeks.
• Coinbase also recently received a VASP license from the French regulator.

On January 17, the US-based crypto exchange co-founded by the Winklevoss twins Cameron and Tyler, announced it had secured the Digital Asset Service Provider (DASP) registration from French financial markets regulator l’Autorité des Marchés Financiers (AMF).

The milestone, which follows Gemini’s unveiling of its EU headquarters in Ireland in 2022, will see the exchange extend its crypto products and services to retail and institutional customers across France. 

Gemini plans to begin offering these services and products in coming weeks, Gillian Lynch, Gemini’s Head of Ireland and EU, said.

“France is a global innovation leader and has a vibrant crypto community as showcased by the success of Paris Blockchain Week. We are excited to soon be able to provide French customers with compliant and secure access to the future of finance as we continue on our mission to unlock the next era of financial, creative, and personal freedom,” Lynch added.

Crypto exchanges seek licenses ahead of MiCA

Gemini’s registration as a DASP in France sees it join Coinbase, which announced it had secured a Virtual Assets Service Provider (VASP) license from the French regulator last December. Crypto exchange OKX also revealed an application for regulatory approval in the country in May 2023.

The exchanges’ quest to secure registration in France comes as the crypto industry prepares for the implementation of the Markets in Crypto-Assets (MiCA) regulation.

The EU’s comprehensive crypto regulation rules came into effect last year and are seen as a concrete step towards ensuring crypto companies adhere to compliance requirements, including around anti-money laundering (AML). The rules are also meant to bolster consumer protection while enabling crypto innovation.

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• Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation.
• A TokenInsight report however shows the exchange remains top by market share.
• Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale. 

Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November.

Meanwhile, Meme Moguls (MGLS), a new exchange bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale.

Report shows Binance market share dropped 5% in 2023

Binance’s place as the world’s largest crypto trading exchange by market share came under threat amid last year’s regulatory issues.

The lawsuit by the US Securities and Exchange Commission (SEC), the $4.3 billion settlement with the DOJ and CFTC among other government agencies and former CEO Changpeng Zhao’s resignation and court issues are key highlights of periods when Binance’s market share fell considerably.

Binance is also among nine exchanges to see Apple and Google Play pull their crypto trading apps from their stores in India. 

But as a new report by crypto rating and research platform TokenInsight shows, the exchange only saw a slight decline in overall market share. Binance remains the top crypto exchange in this, with a market share of 48.7% as of the end of 2023. It shows a decline of about 5% from last January’s peak levels of 54.2%, TokenInsight noted.

Per the report, user confidence in Binance has been helped by the fact that despite the hefty settlement, regulators didn’t not find Binance to have used or put its customers’ assets at risk. 

Meme Moguls bids for top meme-backed exchange

Solana’s Bonk racing into top three meme coins by market cap, highlighted a resurgence that market experts say could see this segment become a key part of the crypto investing market.

Meme Moguls ($MGLS), a project currently in presale, seeks to transform this space.

When it launches, meme coin traders will get a platform from which they can earn as they display their trading prowess.  Anyone on Meme Moguls can trade meme-inspired assets, tapping into the viral nature of tokens to climb the leaderboard and claim exclusive rewards.

Is Meme Moguls presale worth investing in?

Apart from the innovative play-to-earn platform, holders of the native $MGLS token will have a chance to earn via staking, liquidity provision and minting and trading of NFTs.

Ahead of its launch, Meme Moguls’ token MGLS is available to the public via the aforementioned presale. The token ICO is currently in stage 4 where each $MGLS token sells at $0.0027. With the total crypto meme coin market cap at $21 billion and broader market at $1.76 trillion, projects of the latter rocketing higher suggests meme coins could follow suit.

The outlook means a likely grip on the market for Meme Moguls, potentially making its native $MGLS one of the best altcoins to buy today.

Learn more by visiting the project’s website.

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• XAI price surges driven by an airdrop, major exchange listings, and a positive outlook.
• Pullix, a hybrid exchange, tackles DeFi liquidity issues with a unique non-custodial approach.
• PLX token introduces “Trade-to-Earn,” offering revenue sharing and staking rewards.

In the dynamic landscape of decentralized finance (DeFi) and blockchain-based assets, two entities are making waves: Pullix, a hybrid trading exchange, and XAI, a gaming-focused “layer-3” network operating on Arbitrum.

This article delves into the recent XAI price movements, the anticipated XAI price prediction, Pullix’s unique features and the ongoing PLX token presale.

XAI’s price surge post-airdrop

XAI, the gaming-focused token operating on Arbitrum, has experienced a remarkable surge. On January 16, within 24 hours, the token soared by over 24%, reaching a record price of $1.26. This surge follows its initial debut at $0.77, a brief dip to $0.45, and a subsequent ascent to its current value.

The price hike followed a recent airdrop that played a pivotal role in boosting XAI’s value. Distributed to holders of early Xai NFT collectibles and users with Sentry Keys for validator nodes, the airdrop enhanced community engagement.

Notably, major exchange listings, including Binance, KuCoin, CoinEx, and Crypto.com, contributed to the price rally.

XAI price prediction: anticipated fluctuations

As XAI gains momentum, projections indicate potential fluctuations. The post-airdrop surge and increasing exchange listings suggest a positive trajectory.

The anticipated price range for XAI is between $1.070 and $1.466. Achieving the upper limit could lead to a significant increase of nearly 35%, bringing XAI to $1.466.

XAI’s layer-3 architecture, emphasizing scalability and user-friendliness, positions it strategically for the expanding gaming sector. The recent surge and exchange listings indicate growing anticipation for XAI, with expectations of heightened liquidity and increased trading volumes.

Pullix: bridging the gap in hybrid trading

As XAI token makes waves within the crypto space with its tremendous price movement, a novel hybrid trading exchange called Pullix poised to bridge the gap between decentralized and centralized exchanges has emerged. The exchange is expected to officially launch before the end of January.

Addressing the liquidity problem in DeFi, Pullix offers a unique hybrid model, combining the strengths of both worlds. Notably, it ensures user security with a non-custodial approach, allowing users to retain control of their assets while benefiting from the security features of a centralized exchange.

Pullix’s approach to liquidity provision is groundbreaking. By incentivizing users to provide liquidity, the platform aims to offer better liquidity and more competitive prices. This innovative strategy may attract a wider user base and drive demand for its native PLX, currently in the presale stage.

The platform provides institutional, liquid, and slippage-free trading through an off-chain order book. Users can trade a variety of assets using margin, and advanced institutional trading tools powered by OpenAI enhance their trading potential. Pullix is set to become a one-stop solution, integrating features such as perpetual futures, CFDs, a secure vault, a lending protocol, and a DeFi and NFT Launchpad.

The PLX token presale

The PLX token stands out as the first “Trade-to-Earn” cryptocurrency in the crypto market. Token holders enjoy instant rewards for trading on the platform and participating in trading challenges. What sets PLX apart is its revenue-sharing mechanism, allowing holders to profit from the daily revenue of the exchange and earn a fixed passive income by providing liquidity to automated market makers.

With a fixed supply of 200 million, PLX has a utility-driven design. Holders can use PLX for trading credits, exclusive access, staking, and receiving rewards. The tokenomics include allocations for presale, rewards, team, exchange listings, and marketing, ensuring a balanced ecosystem.

Pullix implements a generous staking reward system for PLX holders, with a portion of daily profits allocated for token acquisition. This acquired PLX undergoes a dual allocation: 50% is burned, introducing a deflationary mechanism, while the remaining 50% contributes to rewards distribution for staked PLX holders.

To participate in the PLX token presale, you can visit the official Pullix website

Conclusion

As Pullix prepares for its launch and XAI continues its upward trajectory, the synergy between these platforms holds promise for the broader blockchain and cryptocurrency ecosystem.

With innovative features, strategic partnerships, and community-driven initiatives, Pullix and XAI represent the evolving landscape of decentralized finance and blockchain-based gaming.

The post XAI price prediction following the post-airdrop surge; Pullix gears up for launch appeared first on CoinJournal.

Key takeaways

• The Bitbot presale officially launched a few hours ago, giving investors to purchase the tokens at a discount price

• The presale has so far raised more than $25,000 within minutes. 

The cryptocurrency market has underperformed since spot Bitcoin ETFs were launched in the United States. However, the Bitbot presale has launched, granting investors an early chance to purchase the tokens at a discount. 

Bitbot’s presale commences

The cryptocurrency market has been trading sideways since the spot Bitcoin ETFs were approved a week ago. Bitcoin’s price continues to trade sub $43k, with other altcoins also underperforming.

However, trading volume in the market continues to be strong, with more investors entering the space. With that happening, the Bitbot presale officially commenced today.

Bitbot, a Telegram bot, could become a disruptive force, offering a self-custodial trading solution on Telegram. The Bitbot token presale introduces a new wave of excitement and investment opportunities.

According to the development team, Bitbot has a total supply of 1,000,000,000 tokens. The presale will be in eight stages and 30% of the total token supply will be distributed during this period. 

Furthermore, another 20% of the tokens are allocated to the Bitbot development team to fund ongoing innovation, ensuring long-term utility.

Bitbot promises to offer users a wide range of powerful features to help them grow their trading portfolios. The bot features an ultra-flexible wallet management, powered by MPC custodial API technology, making it a unique trading bot. 

Bitbot’s MPC system is far superior to the private keys that are common in the space. The MPC uses individual key shares, boosting privacy and accuracy for the users. 

The trading bot also leverages Knightsafe, its custody partner, to add an extra layer of security, thanks to its open-source and decentralized digital asset self-custody service.

Finally, Bitbot will also use part of the funds raised from the various presale stages to develop anti-MEV and anti-rug solutions for users to protect their assets.

Bitbot presale raises $27k in minutes

The Bitbot presale officially launched a few minutes ago and the project has raised more than $27,000 so far. This represents more than 10% of the funds required in the first presale stage.

It’s Showtime!

The $BITBOT Presale is officially LIVE!

Grab this unique opportunity to be a part of the future of crypto trading.

Join us now and embark on an exciting journey.

66% returns await in stage 1.

Buy Now: https://t.co/ndYiJdkFpv pic.twitter.com/u40naqo8sC

— Bitbot (@Official_Bitbot) January 17, 2024

The team intends to $200,000 in the first presale stage. At the moment, the BITBOT token is sold for $0.01 but is set to increase to $0.015 in the second presale stage. 

Bitbot is available on the Ethereum and BNBChain blockchains. Users can purchase the token using ETH, BNB, USDT and USDC stablecoins. To purchase the tokens, simply connect your wallet to the Bitbot official website and choose the coin you wish to use for payment. 

Is Bitbot a good investment?

The decision to invest in any cryptocurrency is solely up to the investor. The investor needs to carry out in-depth research and determine if the coin or token is worth their money.

However, Bitbot has the potential to become an excellent cryptocurrency project. As the presale launches today, it is crucial to know that Bitbot introduces an anti-MEV bot, preventing monitoring by MEV bots and anti-rug features to thwart potential scams. 

The presence of copy trading features on the trading bot also makes it an exciting tool. Users also get to enjoy a built-in referral program and sign up with ease, creating an enticing user experience.

In terms of tokenomics, Bitbot will share its tokens for various purposes, including development, marketing, and liquidity provision. If the development team achieve the $1 billion market cap set for Bitbot, early investors will rake in excellent returns on investments (ROIs). 

Finally, the upcoming $100K competition adds a layer of excitement, with Bitbot set to attract more traders to its ecosystem. 

Final thoughts

As more traders believe that the Bull Run is here, investors continue to search for gems and Bitbot could be one of the biggest investments in the market. The numbers raised so far from the presale make Bitbot an exciting prospect in the market. 

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