Schlagwort: crypto business

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Crypto investment products hit 3-week streak of inflows

  • Bitcoin inflows over last week was $133 million, compared to Ethereum’s $2.9 million.
  • Total inflows into crypto asset products was $136 million, with this the third consecutive week of inflows.
  • Altcoins such as XRP, Solana, Polygon, Litecoin and Aave saw minor inflows.

Inflows into crypto investment products was $136 million this past week as the confidence in the digital assets investment space continued to build momentum.

According to data from crypto asset management firm CoinShares, last week marks the third consecutive week of inflows. With investors putting over $470 million into various crypto products, the 3-week period has resulted in a full correction of the outflows recorded over the previous nine weeks.

CoinShares’ report highlighting the digital asset investment market puts the year-to-date flows at a net positive of $231 million.

Bitcoin saw $133 in inflows

With Bitcoin mostly bullish in the past few weeks, institutional investors’ focus has largely been predominantly on Bitcoin products. That is explained by the inflows of $133 million for Bitcoin over the week, masively dwarfing Ethereum’s $2.9 million. Short-bitcoin products indeed saw outflows of $1.8 million to reinforce this perspective.

Leading altcoins such as XRP, Solana, Polygon, Litecoin and Aave recorded minor inflows. Even then, the signal is investors have a mostly positive outlook for the flagship crypto asset compared to altcoins.

Bullish crypto market after BlackRock ETF filing

This has come at a time when sentiment across the broader crypto market has largely flipped bullish and spot prices ticked up for most cryptocurrencies.

Numerous spot Bitcoin ETF proposals, led by top asset manager BlackRock, helped bulls push to new YTD levels. [Read more]

However, the uptick in inflows has come amid reduced trading turnover. The past week had a total investment products volume of $ 1 billion, compared to an average of $2.5 billion over the two weeks prior. Per CoinShares, low volumes seen over the week are likely due to seasonal effects – a scenario typically observed between July and August.

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AltSignals (ASI) investor uptake increases: stage 2 of the presale 50% sold out

  • So far, the AltSignals presale has raised $1,124,969.8875.
  • At the current stage, one ASI token is going for $0.01875.
  • Stage 2 of the presale is 50% sold out less than 10 days after it was started.

The AltSignals presale is gaining steam amid the increased artificial intelligence (AI) hype. While the first two presale stages (Beta sale and Stage 1) took slightly longer to sell out, Stage 2 seems it could sell out in a week’s time.

The price of the new AltSignals’ ASI token has been rising across the presale stages and it has so far increased by 56.25%. At the start of the presale, the ASI token was worth $0.01200 and it is now worth $0.01875.

AltSignals AI initiative

AltSignals has become a market leader in the trading platform industry and is currently attracting a lot of attention from the cryptocurrency technology industry. Since its launch in 2017, AltSignals has established a reputable name for itself and amassed a sizable user base of more than 50,000 devoted members.

AltSignals’ initial trading tool AltAlgoTM has been key in assisting traders looking to identify opportunities with the accuracy required for maximum profits. However, it is not resting on its laurels but rather making strides with the introduction of a game-changing AI innovation dubbed ActualizeAI that will be powered by ASI cryptocurrency.

ActualizeAI is designed as a modern trading platform that seamlessly integrates artificial intelligence and blockchain technology to expand the functionality of AltSignals’ already top-notch trading tools. Machine learning is what makes ActualizeAI unique because it enables the system to quickly analyse a vast amount of market data, including investor sentiment and numerous indicators vital for predicting price movements.

ActualizeAI promises to be a game-changer by offering traders, regardless of their level of experience, precise and timely trading signals to maximise their investment returns.

Why invest in the new ASI cryptocurrency?

The ASI tokens will allow holders access to the ActualizeAI toolkit, which will be at the cutting edge of trading technology, once it is released. This is like having an all-access pass to a collection of cutting-edge tools and intriguing possibilities.

Additionally, AltSignals’s DeFi services are accessible through ASI tokens. These consist of staking opportunities, giving users the chance to receive rewards for using the network, and encouraging long-term holding. By participating in governance proposals through voting, ASI token holders can also have a say in the platform’s future direction, ensuring a decentralised and community-driven approach to decision-making.

The ASI token also offers exclusive access to the AI Members Club which offers even greater opportunities for the ASI token holders. This elite club is a unique community for astute and discriminating traders and investors, not just a regular neighbourhood. Members have exclusive access to early-stage investment opportunities in crypto technology projects, giving them a head start on potentially game-changing endeavours. Another essential component of this club is access to new tokens during presales and private sales.

The AI Members Club also serves as a hub for social interaction and competitive online trading tournaments where members can test their trading prowess and compete for sizable cryptocurrency prizes. Being able to test and use AltSignals’ most cutting-edge trading tools before they are made available to the general public is probably one of the most coveted benefits of being a member of the AI Members Club. Members are able to stay on the cutting edge and in the know thanks to this exclusive access.

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Binance adds Arkham (ARKM) to launchpad

  • Binance has announced Arkham (ARKM) as the 32nd project in the Binance Lanchpad.
  • A snaphot of BNB balances will be taken on July 11 to July 17.
  • BNB, the native Binance coin, surged more than 3% to trade at highs of $243.

Binance has added Arkham (ARKM) to the Binance Launchpad, the 32nd project whose token sale the crypto behemoth has supported.

The price of BNB, the native Binance coin, surged more than 3% early Monday to trade at highs of $243.

Binance Launchpad adds Arkham (ARKM)

In a notice published Monday, Binance said the ARKM sale will be by subscription format. A snapshot for BNB balances starts at 00:00 (UTC) on July 11 to July 17, 2023 at 00:00 (UTC).

The ARKM token sale on the Launchpad will have a hard cap of $2.5 million, with each user limited to 300,000 ARKM or $15,000. Binance Launchpad has been allocated 50 million ARKM tokens, which is about 5% of the total Arkham supply of 1 billion.

The public sale price for ARKM is $0.05.

Arkham launches intel markeplace

Today’s news that Arkham is the 32nd Binance Launchpad project coincided with another big announcement from the on-chain analytics platform.

This because Arkham also announced its Arkham Intel Exchange, dubbed the “world’s first on-chain intelligence marketplace.” It is expected to go live on July 18.  

Intel Exchange will bring to the marketplace an intel-to-earn economy, allowing for anonymous buying and selling of on-chain intelligence on any crypto wallet address. The new platform will be powered by smart contracts and involve buyers placing bounties for intel.

“Anyone can post a bounty seeking some on-chain information, by locking funds to request information on crypto addresses or entities. These bounties can then be fulfilled by ‘bounty hunters’ – blockchain researchers or sleuths, who will exchange intelligence in return for the payment,” Arkham wrote.

According to the Arkham team, demand for on-chain analysis continues to increase, particularly from traders, investors, researchers, journalists, and protocols.

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Chancer presale accelerates as Binance CEO CZ makes a huge prediction on crypto

  • Chancer seeks to introduce a P2P betting model.

  • Chancer’s presale has accelerated, with over half of the tokens sold in the first stage.

  • The token could hit three-digit or four-digit percentage price increases in 2023.

When will cryptocurrencies resume a bullish trend after a down-beaten 2022 and 2023? Binance CEO Changpeng Zhao (CZ) thinks 2025 could be the likely year. And while investors may feel this might be a little bit far after expecting the bull market later in 2023 and 2024, the interest in crypto keeps growing. Investors are banking on newly launched tokens that can defy the bear market. Chancer, a blockchain-based predictive markets application, has been attracting investors. Investors have bought at least $615,560 worth of tokens in less than a month since the presale launched.

CZ predicts a bull market in 2025

In a recent AMA Twitter session, CZ told his followers that 2025 could be the probable year for a sustained Bitcoin bull market. According to CZ, the Bitcoin halving event in 2024 will likely catalyse the bullishness. 

The Binance CEO pointed out that historical bull price movements in Bitcoin have followed the halving cycles. If history is to repeat itself, Bitcoin is set for a bullish surge in 2025, with the cryptocurrency’s price seen as a barometer for the rest of the sector. Notable halving events propelling Bitcoin’s price were in 2012 and 2016, and CZ projects a repeat after the halving event in 2024. 

CZ’s insights underline growing sentiments that Bitcoin is set for a bullish market after the price recently attempted to break above the $30,000 barrier. Investors have been hopeful of a likely bull run over the next couple of months. 

Nonetheless, macroeconomic concerns are yet to clear, meaning that a potential bull market could occur in or over a year. With this, investors could be looking for opportunities in newly launched projects to capture initial momentums before the bullish market. Chancer could be benefiting from this sentiment, given the fast-selling presale.

What is Chancer, and how does it work?

Chancer is a blockchain-enabled peer-to-peer (P2P) betting platform. As the name suggests, the platform lets users bet with friends, colleagues, and other participants via custom markets. Chancer works quite simply.

Users create P2P markets to predict the outcome of key events, processes, episodes, and many more. Unlike traditional betting, whose betting markets and odds are fixed by the bookmakers, Chancer allows users to determine what they want to bet on. 

Users also place odds and rules which guide the betting and claiming of winnings. All these are enabled via a secure decentralised platform powered by Binance Smart Chain.

CHANCER will be the token to run the Chancer project. Users earn CHANCER by winning on successful predictions, creating Chancer markets, or sharing the platform with others. The token will also be available for staking, allowing investors to earn passive income by committing their holdings to the growth of the platform.

CHANCER prediction in 2023

Chancer is only starting, and a huge prediction for 2023 could be overambitious. However, the project is attracting global interest, which could propel it to higher value. 

With the price of CHANCER at 0.01 BUSD in the first stage of the presale, the value could rise by triple digits before the end of 2023. The prediction is based on the fact that CHANCER will start listing in the third quarter of 2023, starting on Uniswap, giving it a chance to rise in value. 

Although tokens have risen by 10x after listing, which would also be realistic for CHANCER, such increases could be limited for 2023. That’s because product development is still ongoing, with huge value increases possible in 2024.

Is it the right time to buy CHANCER?

There is no right time to buy Chancer. Nonetheless, investors are better off buying now when the price is low for a higher return-to-risk ratio. The token’s price will rise in the next presales, meaning buying now could be the right idea for investors.

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Shiba Memu price prediction as presale rakes in over $215k

Key takeaways

  • Shiba Memu has generated more than $200k in its presale stage.

  • The team increases SHMU’s price daily, with the presale event set to last for eight weeks. 

Bitcoin has maintained its value around the $30k level for the last two weeks. In addition to Bitcoin, other leading cryptocurrencies have performed well during that period.

The positive performance saw the total cryptocurrency market cap reach the $1.2 trillion mark for the first time this year.

Shiba Memu is currently in its presale stage and has raised more than $200k so far. The development team increases the token price daily, and it could rally higher once the token gets listed on cryptocurrency exchanges. 

What is Shiba Memu?

Shiba Memu is a cryptocurrency token combining AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.

The team claims that Shiba Memu can do the work of 100 marketing agencies. Unlike marketing agencies, Shiba Memu is always active. It is working all the time, finding the best work going on in creative advertising, eating it up and spitting it back out, but better.

The meme coin industry has experienced massive growth over the past three years. In 2020, meme coins were practically unknown in the crypto ecosystem but grew to a market cap of over $20 billion in 2022. 

Shiba Memu seeks to be a leading meme coin and intends to achieve this, thanks to its utility. According to their whitepaper, Shiba Memu has self-sufficient marketing capabilities powered by AI technology, making it a unique and attractive investment.

The team pointed out that Shiba Memu will create its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks.

Shiba Memu combines the powers of AI and blockchain technology, making it different from the plethora of meme coins currently available in the cryptocurrency market. 

At the moment, Shiba Memu operates on Ethereum and BNB Chain, the two leading DeFi blockchains in the cryptocurrency space. 

Shiba Memu’s presale tops $215k

Shiba Memu is already gaining traction in the cryptocurrency space. The project’s presale is already on, and the team has raised $215,000 so far. Shiba Memu will use the proceeds from the presale to develop some of its products. 

According to the team, most of the funds would be used to develop Shiba Memu’s AI technology. In its whitepaper, the team explained that Shiba Memu’s AI technology lets it engage with users directly. There will be a robotastic dashboard to interact with the AI, provide feedback, make suggestions, and ask questions. 

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

At the moment, it is impossible to accurately predict Shiba Memu’s price since the meme token is still in its presale stage. At the moment, 1 SHMU = 0.011575 USDT. 

However, the development team revealed that a major difference between this project and others is that Shiba Memu’s price increases every day at 6 pm GMT.

SHMU is set to trade at 0.011800 USDT tomorrow. The amount it increases varies, but it will over double in price throughout, with the presale starting at $0.011125 and ending at $0.0244. Users can purchase the SHMU token using Ethereum, USDT, BNB and BUSD

Should you invest in Shiba Memu today?

The decision to invest in a token depends on the investor. However, Shiba Memu could be an interesting cryptocurrency project. 

Combining AI and blockchain technology to ease marketing strategies for companies and organisations, Shiba Memu is one of the meme tokens with excellent use cases. 

SHMU, the native token of the Shiba Memu ecosystem, could record massive gains in the medium to long term if the team delivers on its products.

Furthermore, Shiba Memu could benefit from a market rally. The crypto market has been bullish since the start of the year, with the prices of most coins and tokens up by more than 40% during that period.

If the fundamentals of the market continue to improve, SHMU could record excellent growth once it starts trading on cryptocurrency exchanges.

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