Schlagwort: crypto markets

• Coinbase listing FLOKI on November 21 could boost liquidity and market interest.
• Technical analysis suggests a 30% price surge if FLOKI breaks consolidation levels.
• On-chain data shows increased transaction volume, signalling a potential bullish trend.

The announcement that Coinbase will list FLOKI, a dog-themed meme coin, on the Ethereum network has sparked widespread attention. FLOKI, the sixth-largest meme coin by market capitalization at $2.3 billion, has already gained significant traction across major exchanges such as Binance and Bybit.

However, its listing on the United States’ largest cryptocurrency exchange could signal the next big step for the meme coin in both price action and broader market recognition.

Impact of upcoming FLOKI listing on Coinbase

FLOKI’s support on Coinbase, slated to open on November 21, 2024, at or after 9 am PT, is expected to provide a substantial boost to the token’s liquidity, with trading initially available on the FLOKI/USD pair.

While this announcement led to a 14% increase in FLOKI’s price earlier, the token has experienced a modest decline of over 5% in the 24 hours following Coinbase’s official confirmation. Despite this, the trading volume surged by 17%, signalling heightened market interest.

Floki price technical analysis

The technical outlook for FLOKI is showing signs of promise, as it appears poised for a breakout. On the four-hour timeframe, technical analysis reveals a descending triangle pattern, which suggests that a potential upward move could be on the horizon.

Experts predict that if FLOKI breaks out of its current consolidation range between $0.000232 and $0.000275, the meme coin could see a 30% price surge, potentially reaching the $0.00035 level in the coming days.

The 200 Exponential Moving Average (EMA) also signals that FLOKI remains in an uptrend, with its price consistently trading above this critical level.

FLOKI’s technical indicators aren’t the only bullish signs. On-chain data reveals a sharp increase in large transactions for meme coins, with a notable 98% surge in SHIB’s transaction volume, driven by whales and institutional investors.

However, FLOKI’s open interest dropped by 12% on November 20 according to Coinglass, suggesting that traders might be waiting for a breakout to position themselves for a potential rally.

As the date for Coinbase’s listing approaches, FLOKI’s future looks promising. With the right technical momentum and broader market interest, FLOKI could be on the verge of significant price action, making it a token to watch closely in the coming weeks.

The post Possible Floki price breakout on the horizon after Coinbase listing appeared first on CoinJournal.

• HARD.fun allows users to easily create memecoins with Kava’s AI chatbot.
• The platform is community-driven, with governance and tokenomics voted on.
• The platform offers cross-chain support, spanning Kava, Ethereum, Cosmos, and more.

Kava, a secure and fast Layer-1 blockchain combining the power of Ethereum with the speed and interoperability of Cosmos, has launched HARD.fun, a groundbreaking decentralized memecoin creation platform.

https://t.co/SXUEdKsZhb is live! 🎉

Welcome to the first meme coin launchpad where platform fees flow back to you—the community! 🤝

✨ Launch & trade meme coins
🗳️ Vote with $HARD on key features
💎 Earn DIAMONDS and unlock rewards

Get started 👉 https://t.co/bPww07sLF9 pic.twitter.com/M213eLXkB1

— HARD.fun (@hard_protocol) November 20, 2024

This follows a vote by holders of Kava Lend’s governance token HARD, in which more than 80% of voters backed the proposal.

Designed to democratize the creation of memecoins, HARD.fun allows anyone to create and launch their own memecoin with minimal effort, using the innovative Kava AI chatbot.

The HARD.fun platform features

Unlike traditional centralized platforms like Moonshot, Pump.fun, and Gra.fun, which are controlled by developers, HARD.fun is a community-driven platform.

With a focus on ensuring that the value of memecoins is shared among the communities that support them, HARD.fun allows token holders to vote on the platform’s governance and the tokenomics of specific meme coins. This decentralized approach is in line with the core principles of cryptocurrency, where user participation and ownership drive the success of projects.

One of the standout features of HARD.fun is its integration with Kava’s AI technology. The Kava AI chatbot simplifies the process of creating a memecoin by directly querying the Kava Chain and other networks like Ethereum and Cosmos.

Kava on November 16 launched the first decentralized AI model to compete with ChatGPT at Devcon taking its AI technology a notch higher.

HARD.fun users will only need to specify the type of token they wish to create, and the platform will handle the rest, generating the coin on the chosen blockchain. This makes it easier for anyone, even those without technical expertise, to bring their creative visions to life and contribute to the growing memecoin ecosystem.

HARD.fun also embraces cross-chain interoperability, allowing users to launch memecoins that span multiple ecosystems, including Kava EVM, Ethereum, Cosmos, and others. In the future, it will extend to more chains like BNB Chain, Solana, and Tron, making these memecoins accessible and tradable across a wide range of networks.

In addition to simplifying the creation process, HARD.fun introduces a reward-sharing model that benefits memecoin holders. The platform’s governance structure enables users to vote on key decisions, ensuring that the memecoin community remains at the forefront of development.

With Kava Lend’s governance token HARD powering the platform, users can benefit from increased transaction volume and the long-term value of their memecoins.

Through this innovative initiative, Kava is positioning itself as a leader in the evolving memecoin space, bringing greater value and accessibility to the crypto community.

The post Kava launches community-driven memecoin creation platform HARD.fun appeared first on CoinJournal.

• Canadian interest in copy trading now surpasses 2021’s cryptocurrency boom levels.
• Platforms like BTCC make copy trading more accessible for everyday investors.
• Copy trading growth is driven by increased crypto users and simpler trading tools.

Copy trading, a method allowing individuals to replicate the trades of experienced investors, has been a part of the financial landscape since 2005. Yet, for years, Canadian investors showed minimal enthusiasm for this strategy. 

According to data from Google Trends, significant interest among Canadian traders did not emerge until 2018. Now, a resurgence is underway, with current levels of interest surpassing even the peak observed during the 2021 cryptocurrency boom.

Cryptocurrency copy trading in Canada

The growing popularity of copy trading can be attributed to various factors, including the global expansion of cryptocurrency markets and enhanced accessibility through innovative trading platforms. 

While early phases of interest were sporadic, the 2021 crypto bull run marked a major turning point. 

During this period, more investors sought diversified ways to capitalize on lucrative crypto opportunities without needing extensive market knowledge or in-depth technical analysis. This period showcased the utility of copy trading as an effective tool for both novice and seasoned investors.

However, by the end of 2021, as the fervor surrounding the crypto market waned, interest in copy trading also declined. This downturn was influenced by volatile market conditions and the natural ebb and flow of investment trends.

Seasoned market participants and financial experts note that this type of fluctuation is not unusual, especially in an industry heavily influenced by global economic shifts and rapidly changing investment sentiments.

Fast forward to this year, and Canadian interest in copy trading has surged once more, now at levels exceeding the 2021 peak as platforms like BTCC make it easier than ever for investors to leverage copy trading to learn trading strategies and identify new trading opportunities.

Why the sudden surge in copy trading interest among Canadians?

Industry insiders and analysts link this renewed copy-trading enthusiasm to several factors, one of which is the growing list of copy-trading platforms accepting Canadian traders.

One of the most popular copy trading platforms among Canadians is BTCC, a prominent player in the cryptocurrency and trading industry, which has significantly contributed to making copy trading more approachable and practical for everyday investors. 

With streamlined user interfaces and customizable options, platforms like BTCC have turned copy trading into an appealing choice for those looking to engage in the market without committing extensive time to analysis or strategy development.

Secondly, copy trading provides an accessible entry point into complex financial markets. For newcomers, it removes the intimidation of learning intricate market mechanics or interpreting fast-moving trading signals. 

Instead, users can rely on the expertise of seasoned lead traders, mirroring their strategies to gain potential profits. Additionally, even experienced investors have recognized the potential for learning and diversifying their portfolios by observing and copying successful strategies from other adept traders.

The uptick in interest also reflects broader trends in the trading world. According to a recent research study by Insight Partners, the copy trading industry, projected to reach a value of $3.77 billion by 2028 with a compound annual growth rate of 7.8%, is benefiting from the growing number of cryptocurrency users.

This demographic shift underscores how evolving technology and financial tools are democratizing market participation, making trading not just a niche for professionals but an activity open to a broader spectrum of participants.

Looking ahead, experts anticipate that the copy-trading trend will continue to evolve. Potential future developments include the integration of social trading features with other financial services and more regulatory oversight to protect investors and ensure market transparency. 

While some skepticism remains, with concerns about seasonality and market conditions that may temper enthusiasm, the current surge suggests that Canadian investors are increasingly embracing the strategy as a valuable part of their trading toolkit.

The post Canadian investors show growing interest in copy trading, new data reveals appeared first on CoinJournal.

• Elixir and Securitize have partnered to unlock $1 billion in tokenized real-world assets (RWA) to DeFi.
• The platforms have launched DeFi vaults for BlackRock’s BUIDL fund, with Elixir’s decentralized dollar deUSD core to the project.

Elixir, the network powering the decentralized yield-bearing synthetic dollar deUSD, has teamed up with BlackRock’s tokenization partner Securitize to launch a liquid staking token for tokenized securities.

The partnership seeks to bring billions of dollars in gated capital to the decentralized finance market, Elixir said in an announcement on Nov. 19.

Introducing Elixir’s “deUSD RWA Institutional Program” – a first ever partnership with Securitize

After months of design and $1B+ of capital interest, this joint program allows Blackrock BUIDL and other RWA holders to seamlessly access DeFi using deUSD as the primary currency pic.twitter.com/rbUTNNadYr

— Elixir (@elixir) November 19, 2024

Elixir, Securitize launch DeFi vaults for BUIDL

According to the platform, users will leverage deUSD to access Blackrock’s tokenized fund BUIDL and other RWA assets for DeFi across the market. deUSD will be the primary currency of the “deUSD RWA Institutional Program.”

In a comment, Elixir founder & chief executive officer Philip Forte said:

“Elixir is excited to partner with Securitize to bring this 0 to 1 innovation to DeFi. The Elixir Network is a purpose-built stack powering exchange orderbooks and deUSD (“Decentralized US Dollar”). For the first time ever, holders of tokenized real-world assets can natively use their assets onchain in DeFi, accessing unified liquidity via deUSD.”

The collaboration seeks to use deUSD to unlock yield-opportunities for the over $1 billion real world assets that Securitize has issued across DeFi. The offering is via the sToken and the new ERC-4626 vault technology in partnership with Elixir’s “deUSD RWA Institutional Program.”

“With the launch of this innovative sToken functionality, Securitize is enabling a new frontier in DeFi by making it possible to leverage any Real World Asset token issued using the DS Protocol,” Securitize co-founder & chief executive officer Carlos Domingo said in a statement.

“This functionality not only provides liquidity options but also bridges the gap between traditional assets and the digital asset economy, offering investors more ways to manage and optimize their portfolios,” he added.

The RWA onchain market is currently valued at over $13 billion, while tokenized US Treasuries account for over $2.4 billion. On Nov. 19, Bitfinex Securites announced the launch of the first tokenized US T-bill in El Salvador.

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