Schlagwort: crypto business

Veröffentlicht am

Avalanche (AVAX) surges 10% to target $50 as investors grab Pullix (PLX)

  • Avalanche (AVAX) has jumed 10% in the past 24 hours to break above $45. 
  • As cryptocurrencies bounce, AVAX bulls could eye a breakout above $50.
  • Meanwhile, the overalll bullish outlook has Pullix (PLX) attracting investors as its presale surpasses $1 million.

Avalanche (AVAX) is looking to bounce above a key price level following Wednesday’s broader market surge. Meanwhile, investors hunting for the next breakout projects are increasingly finding Pullix (PLX), a new crypto exchange and investment platform highly attractive.

Pullix (PLX): the new hybrid exchange for DeFi

Pullix ($PLX) is a new project that seeks to bring the benefits of a hybrid exchange to the online trading community. 

An innovative “Trade-to-Earn” ecosystem stands out and could revolutionise the trading experience across crypto, particularly the decentralised finance (DeFi) market. The trading platform will incentivise users to provide liquidity, offering a revenue sharing product that could drive interest and provide traction for the native $PLX token.

$PLX holders will earn more tokens when they contribute to liquidity through staking of liquidity pool tokens. There are also discounts on trades. 

Apart from that other notable earning opportunities will be via its lending protocol, staking rewards, and DeFi and NFT launchpad. 

Users will also note Pullix’s non-custodial exchange as a plus that sets it apart from most platforms currently in the market. What this means is that users remain in control of their holdings as they enjoy the benefits of a hybrid infrastructure model.

Avalanche: AVAX looks bullish as crypto bounces

Cryptocurrencies have added roughly 2% to the global market cap after Bitcoin’s surge to $44,000 on Wednesday. Data showed the total value of cryptocurrencies was about $1.7 trillion, with 24-hour trading volume around $89.5 billion. 

As BTC rose, Solana extended its recent gains to flip XRP, while Ethereum traded to above $2,200. All the top 10 cryptocurrencies, including Avalanche (AVAX) were in the green over the past 24 hours.

Before Avalanche’s 10% spike to highs of $46, the altcoin had hovered below $40. The upside now has analysts strengthening their  bullish outlook for the layer-1 blockchain platform’s native token. Open interest has risen to over $407 million, up 17% in the past 24 hours.

With millions of AVAX tokens burned, over 16 million just in the past week, and open interest in AVAX surging, there’s a high chance bulls could target $50 or higher as the next support base.

Pullix ($PLX): Presale and market outlook

While AVAX could rally higher after reclaiming the weekly peak of $44, investors eyeing a long term bet on a currently cheap token will find Pullix potentially more attractive. 

A trader who buys Pullix ($PLX) today as the token trades around $0.044 in stage 3 could hold a significant unrealized gain on their tokens by the time they land on exchanges. This is because $PLX is expected to rise 580% during the presale, ahead of its potential market debut in the first quarter of 2024.

This bullish outlook for Pullix has investors taking a good look at Pullix during the presale. As of writing, over 7 million $PLX tokens have been sold in stage 3, raising over $1 million. Details on the presale page show that this stage 3 will end in nine days, which would see the token’s presale price jump.

Among long term catalysts for the price of $PLX is the anticipated token burn. According to Pullix’ whitepaper, a percentage of the network revenue will go into a $PLX buy back and burn mechanism.

Notably, 10% of all forex revenue, 20% from crypto CFDs and 30% on daily Multiples will be used to buy $SPLX. Burning $SPLX will reduce the circulating supply and likely impact the token’s future price

To find more about Pullix and its presale, visit their official website.

The post Avalanche (AVAX) surges 10% to target $50 as investors grab Pullix (PLX) appeared first on CoinJournal.

Veröffentlicht am

XRP whales trigger surge as new online trading platform token presale gathers steam

  • XRP price surges 1.17% on whale transactions, hitting $0.6168.
  • Pullix’s PLX token presale raises $1M+, 58% sold, priced at $0.044.
  • Pullix offers “Trade-to-Earn,” governance, and revenue-sharing.

XRP price has surged considerably following massive whale transactions, while the presale of the upcoming online trading platform Pullix expected to launch in January 2024 quickly sells out. The presale is in the third stage and already 58% sold out raising over $1 million in a matter of weeks.

Below is a closer look at Ripple’s XRP token especially now that whales are making significant transactions in anticipation of 2024 market dynamics. We shall also delve into the evolving narrative around Pullix’s innovative approach to online trading.

XRP price surges amidst whale transfers

XRP, a prominent cryptocurrency backed by Ripple, witnessed substantial price movements as 182.6 million XRP was shuffled across wallets.

Notably, four transactions involved transfers to major centralized exchanges, including Bitstamp, Bitso, and Bybit. An intriguing development was the transfer of 120 million XRP from Ripple to an unknown wallet.

The market responded with a 1.17% surge in XRP’s price, currently standing at $0.6168. Analysts, such as Cryptoes, point to the potential for further gains as long as XRP maintains its position above a crucial support level.

Pullix’s innovative approach to online trading

As XRP makes waves for the large whale transactions, another cryptocurrency associated with the much anticipated online trading platform Pullix, which is a hybrid crypto trading and investment exchange, is currently in Stage 3 of its PLX token presale. With 41.9% of the 7,260,907 total tokens already sold, the presale has raised $1,049,164.

The PLX token, currently priced at $0.044, boasts a unique “Trade-to-Earn” mechanism, offering users instant rewards for trading and revenue-sharing opportunities. The presale price is scheduled to increase in the next nine days.

Pullix’s ecosystem combines decentralized features, off-chain order books, and AI-backed tools for a comprehensive trading experience. This forward-thinking approach aims to address challenges faced by both decentralized and centralized exchanges.

Should you invest in Pullix now?

As the PLX token presale progresses, the question arises: should investors participate in Pullix now? Well while the decision to invest in any crypto project is the prerogative of an investor and requires a thorough background check, Pullix introduces a range of features, including deep liquidity, leverage up to 1000:1, and a governance model allowing token holders to influence market additions.

The innovative revenue-sharing mechanism, where token holders profit from the daily exchange revenue, adds a unique dimension. Pullix’s commitment to user security, privacy, and a community-driven ethos further distinguishes it in the market.

However, potential investors should still exercise caution. The crypto market’s inherent volatility means prices can fluctuate rapidly, and the success of any project is subject to execution and market dynamics. Thorough research into Pullix’s whitepaper, team, and technology is essential. Additionally, understanding the risks associated with investing in a presale is crucial for informed decision-making.

To learn more about Pullix, visit the project’s official website.

The post XRP whales trigger surge as new online trading platform token presale gathers steam appeared first on CoinJournal.

Veröffentlicht am

Bitcoin eyes $44k again as Memeinator’s presale approaches $2.5m

Key takeaways

  • Bitcoin is trading above the $43k level once again and could rally higher soon.

  • Memeinator’s presale is now approaching the $2.5m milestone as more investors enter the project.

The cryptocurrency market is having a positive week so far following the dip over the weekend. BTC is eyeing the $44k level once again and could rally higher in the short term. Meanwhile, Memeinator’s presale is now approaching a key milestone.

BTC targets $44k

Bitcoin, the world’s number one cryptocurrency by market cap, has been performing well since the start of the week. It is up by more than 2% over the last 24 hours and has recovered from the weekend’s dip. 

At press time, the price of Bitcoin stands at $43,647 per coin. If the bullish pattern persists, BTC could be eyeing the $44k level over the next few hours. Altcoins have also been performing well, with SOL and AVAX being some of the best performers. 

What is Memeinator?

The crypto market is recovering from its weekend dip and investors continue to invest in new projects. Memeinator is one of the projects that has caught the attention of investors in recent weeks.

It is a Web3 project that seeks to provide excellent services to content creators within the crypto ecosystem and beyond. Memeinator is launching as a meme project and is on a mission to destroy worthless memes on the internet. 

The development team are working hard to see Memeinator reach a billion-dollar market cap once its products become available and its token gets listed on cryptocurrency exchanges. 

Memeinator will leverage AI technology and blockchain to identify worthless memes, allowing investors to know them and avoid them. 

At the moment, its presale is in its ninth stage and the team has raised more than $2.3 million. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early investors an amazing 132% ROI at listing.

To conclude the presale, the team will launch a Memeinator game where players will get a chance to eliminate enemy memes and win some exciting prizes. 

Why is the Memeinator presale attracting more investors?

Memeinator continues to attract the attention of investors thanks to its excellent and unique value proposition. With the right level of adoption, Memeinator would be used by degens, crypto natives, speculators, and content creators. This could turn Memeinator into one of the biggest meme coins in the crypto space. 

Per the whitepaper, Memeinator will leverage AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. The primary objective of Memeinator is to uplift meme culture and quality.

To make its MMTR token attractive to investors, the Memeinator have rolled out some excellent incentives and features. There are rewards for holders while the token has deflationary mechanisms. Additionally, 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Click here to read more about the Memeinator presale.

Is the Memeinator going higher? 

MMTR’s price will continue to go higher till the end of the presale. During the first stage, MMTR was sold at $0.01 per token and it now goes for $0.0157. The price will increase to $0.0166 once the presale enters stage ten. 

Memeinator has raised nearly $2.5 million since the presale launched a few weeks ago. This meme coin intends to leverage AI technology to provide excellent value to investors and users in the medium and long term.

MMTR’s value could soar higher in the coming months and years once the token gets listed on cryptocurrency exchanges. Furthermore, with the crypto market now bullish, MMTR could gain massive adoption and a surge in price in the medium to long term.

The post Bitcoin eyes $44k again as Memeinator’s presale approaches $2.5m appeared first on CoinJournal.

Veröffentlicht am

Santa Claus rally restarts, BTC eyes YTD high as Memeinator thrives

  • Cryptocurrencies are in a strong uptrend ahead of Christmas.

  • There are signs that a Santa Claus rally is underway.

  • Memeinator token is nearing its target goal.

A Santa Claus rally is emerging in the crypto and stock market. Bitcoin is targeting the year-to-date high while American indices like the Dow Jones, S&P 500, and Nasdaq 100 indices are trading at their record highs. 

In addition to BTC, other cryptocurrencies like Solana, Bonk, and IoTeX are also doing well. Indeed, Solana has just overtaken XRP to become the fifth biggest cryptocurrency in the world, helped by the meme coin hype.

Meanwhile, Memeinator, an upcoming cryptocurrency that aims to infuse the concept of Artificial Intelligence (AI) with meme coins is thriving. Its token sale is slowly nearing its target of $2.4 million as it nears its end.

Why are cryptocurrencies soaring?

Cryptocurrency prices are surging because of several important factors. First, the SEC, Blackrock, and Nasdaq held their second meeting to deliberate on the mechanics of a spot Bitcoin ETF. This meeting confirmed to many people that the SEC would approve these ETFs in the coming weeks or months.

They are also jumping because of monetary policy issues. On Wednesday, the Office of National Statistics (ONS) published encouraging inflation data. The data revealed that the UK inflation dropped below 4% in November.

These numbers confirmed that global inflation was falling and that central banks wll start cutting interest rates in the coming months. The Fed has hinted that it will start lowering rates in June next year. Other banks like the ECB and the Swiss National Bank (SNB) are also expected to lower rates.

Cryptocurrencies and stocks tend to do well in a period of rate cuts because it usually ushers a new era of risk-on sentiment. This explains why the US dollar index and global bond yields have pulled back in the past few weeks.

Therefore, analysts believe that the cryptocurrency bull run is just geting started. In a note, an analyst at CryptoQuant noted that Bitcoin could rise to a high of $164k in 2024. He highlighted the following factors.

“We argue that bitcoin and crypto markets could have a positive year in 2024 mostly amid the effects from: 1. The market valuation cycle, 2. Network activity, 3. The bitcoin halving, 4. The macroeconomic perspective, 5. Bitcoin spot ETF approval and 6. Growing stablecoin liquidity.”

Memeinator to benefit

Memeinator’s MMTR token will likely benefit if this forecast is accurate since most altcoins tend to do well when Bitcoin is rising. We have seen several new meme coins surge in 2023. For example, coins like Bonk and Pepe have gained a combined market cap of over $1 billion this year.

Memeinator is aiming to conquer this industry by creating a cult following among community members. Already, more than 384k people have entered its competition to win a trip to space using Virgin Galactic’s ship. Its promotion has also reached millions of users.

In addition to its meme coin tools, the network aims to take advantage of artificial intelligence, which has gone mainstream this year. Therefore, I suspect that the MMTR will join the crypto rally in 2024. You can buy the MMTR token here.

The post Santa Claus rally restarts, BTC eyes YTD high as Memeinator thrives appeared first on CoinJournal.

Veröffentlicht am

NEAR Protocol spikes 20% to hit $3: Is NEAR just getting started?

  • NEAR Protocol (NEAR) price rose 20% on Wednesday to hit $3 as TVL reached $76 million.
  • Technical indicators suggest bulls have the upper hand and could target $6.00.

NEAR Protocol (NEAR) is one of the top performing crypto assets today, alongside the skyrocketing Solana (SOL), Stacks (STX) and Injective (INJ). With Bitcoin (BTC) breaking above $44k and Solana flipping XRP in market cap, it’s been an eventful 24 hours for the crypto market.

What next for NEAR price?

According to data from the NEAR block explorer, the latest upsurge in price of the sharded proof-of-stake blockchain’s native token has come as the total count for unique addresses rose sharply. 

The total value locked in the NEAR ecosystem has also increased, with DeFiLlama data showing TVL has risen from $55 million on December 17 to over $76 million on December 20.

 A look at the NEAR Protocol technical picture shows the Relative Strength Index (RSI) currently sits at 73.  While it’s piercing into the overbought territory, the daily RSI is overextended yet. The Moving Average Divergence Convergence (MACD) indicator on the daily chart is also suggesting that the upside move may yet continue.

Today, the price of NEAR Protocol jumped 20% to above $3.00. Meanwhile, its daily trading volume increased by more than 210% to over $761 million. If bulls hold prices above $2.55 in coming days, it is likely NEAR could return to August 2022 levels above $6.00. 

On the downside, primary support is expected at $2.18.

The post NEAR Protocol spikes 20% to hit $3: Is NEAR just getting started? appeared first on CoinJournal.