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  • Honduras regulator bans institutions from trading crypto

    Honduras regulator bans institutions from trading crypto

    • Honduras’ banking regulator the National Banking and Securities Commission, or CNBS, has announced an immediate ban that prohibits institutions from trading crypto.
    • The banking regulator reached the resolution on Monday and cites fraud and money laundering among reasons for the move, Reuters reported.

    Honduras’ National Banking and Securities Commission, or CNBS, has banned institutions under its regulatory purview from trading cryptocurrencies.

    The banking regulator announced the measure this week, Reuters reported on Friday.

    According to the report, the CNBS’ resolution came into effect immediately, with the Central American country citing use of virtual assets in fraud and money laundering as key risks and the reasons for the ban.

    In this case, no institution supervised by the regulator can hold, intermediate, trade or invest in crypto tokens or such other unauthorized digital assets.

    Crypto fraud and money laundering

    While noting that there are multiple crypto platforms offering services in the country, Honduras does not regulate these entities. With most domiciled in various parts of the world, the Honduran law does not control their operations, and that there’s the risk of such companies facilitating fraud, money laundering and terrorism financing.

    The regulatory watchdog reached the resolution to ban all institutions under its purview from crypto trading on Monday, February 12, Reuters noted. However, the move only became public on February 16.

    The move comes amid a general strengthening of crypto regulation across the globe, with governments working with international bodies such as FATF to help streamline laws for the sector.

    But notably, the Honduras Prospera zone – Próspera Zone for Employment and Economic Development (ZEDE) – officially recognized Bitcoin as a unit of account early this year. In July 2022, the group made of Blockchain Honduras, Coincaex crypto exchange and the Technological University of Honduras unveiled the “Bitcoin Valley ” in the Honduran municipality of Santa Lucia.

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  • Solana integrates Filecoin to boost its blockchain; Bitcoin Dogs gains momentum

    Solana integrates Filecoin to boost its blockchain; Bitcoin Dogs gains momentum

    • Solana has partnered with Filecoin to boost its blockchain’s reliability and scalability.
    • Bitcoin Dogs has raised over $1.7 million as the crypto community flock to the world’s first ICO on Bitcoin.

    Solana is looking to bolster its blockchain network with a key partnership with decentralized storage platform Filecoin. Meanwhile, Bitcoin Dogs is storming through its presale as the crypto community takes note of its potential.

    Solana and Filecoin partner

    In one of the groundbreaking developments this week, Filecoin, the decentralized data storage marketplace and crypto platform, announced it had integrated with Solana, the blockchain network home to a bustling token ecosystem.

    Filecoin said in a statement that the collaboration will see Solana tap into Filecoin’s infrastructure to bolster the reliability and scalability of its network. The partnership comes a few days after Solana suffered an outage and is a major move that signals the blockchain platform’s focus on further traction. 

    Tapping into Filecoin’s decentralized storage solutions makes Solana’s block history not just more accessible, but also readily usable for the community, including indexers, explorers and infrastructure providers.

    “By leveraging Filecoin’s decentralized storage capabilities, @solana can achieve data redundancy, scalability, and enhanced security while staying true to its decentralized ethos,” the Filecoin team said.

    Solana price

    Solana’s price rallied to highs of $118 despite the recent downtime and although its down 2.3% in the past 24 hours, its poised above the psychological $100. Analysts expect SOL to skyrocket in coming months alongside the broader altcoin market. Ethereum spot ETF approval in May could add to the tailwinds from Bitcoin’s halving to push the market higher.

    Bitcoin Dogs’s presale enthralls crypto investors

    Bitcoin Dogs is a new crypto project that’s currently storming through its presale, with over $1.6 million already raised less than 72 hours after the historic ICO launched.

    As detailed in their whitepaper, Bitcoin Dogs is a gaming and NFT platform set to lead the next growth era for Bitcoin Ordinals. With the Bitcoin Layer-2 ecosystem thriving amid projects such as Stacks, Bitcoin Dogs is coming in to open the landscape further with gaming, NFTs and BRC-20 tokens.

    $0DOG, the native Bitcoin Dogs token, is indeed the world’s first ICO on Bitcoin. The token will power the new project’s ecosystem, offering holders access to the 10K NFT Collection and Bitcoin Dogs Club. A blend of interactive gameplay, $0DOG rewards and fun all come to Bitcoin as the community shows their love for the beloved pets.

    A total of 900 million $0DOG tokens are minted, with the presale offering 90% or 810 million of the total supply to early bird investors. To capture the current momentum and build into its potential, the Bitcoin Dogs team has outlined a 10-stage ICO that will run for 30 days only.

    Is Bitcoin Dogs worth buying?

    The crypto investment community that hailed projects like Axie Infinity, Tamagotchi and BAYC, is excited about Bitcoin Dogs. In particular, investors see $0DOG as standing out from the rest for its pioneering ICO on Bitcoin and the potential to drive the gaming ecosystem on the flagship blockchain network.

    The outlook is more apparent given the prevailing market sentiment, with crypto on the cusp of a major rally led by Bitcoin. In this case, an early bet on $0DOG at the current presale values could be worth a huge return in coming months.

    Read more about $0DOG here.

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  • Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

    Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

    • Analysts predict that Bitcoin (BTC) will continue trading above $50,000. 
    • Rebel Satoshi ($RBLZ) to launch on DEXes after concluding its presale.
    • Investors are optimistic of $RBLZ performance after listing.

    Even as the best altcoins continue to suffer, the Bitcoin (BTC) price has rallied past $51k. Meanwhile, Rebel Satoshi ($RBLZ) has risen continually during its presale as investors anticipate further gains upon its upcoming DEX launch. Let’s understand whether BTC can sustain its rally and why experts consider $RBLZ the best crypto to buy right now. 

    Bitcoin soars past $51K as ETFs AUM surpass $10B

    The rally in the Bitcoin (BTC) price after the approval of Spot ETF was short-lived. After that, the Bitcoin (BTC) price and the entire market had been caught up in volatility. By January 23, the Bitcoin (BTC) price fell to a low of $38,740. However, as the market recovered, the Bitcoin (BTC) price has also risen. 

    On February 15, the Bitcoin (BTC) price was up by 35.1% to trade at $52,345. This surge in the Bitcoin (BTC) price was powered by the growth in the Spot ETFs. As of January 12, the ETFs had accumulated over $10 billion in Assets Under Management (AUM). This rally in the Bitcoin price has occurred despite Grayscale transferring 2,044 BTC to Coinbase Prime. 

    As the fears of a sell-off by Grayscale have failed to stop the Bitcoin (BTC) price from rising, experts are bullish. They predict that the Bitcoin (BTC) price will continue to trade above $50,000 in the coming weeks. 

    Investors foresee gains as the $RBLZ DEX launch approaches

    The innovative meme coin project, Rebel Satoshi, is designed on the principles of Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi aims to bring forth a revolution in the market and usher in true decentralization. The Rebel Satoshi rebellion is led by its Recusant community members. 

    The Rebel Satoshi project revolves around its governance and membership token, $RBLZ, adhering to the ERC-20 standard. Rebel Satoshi has made the $RBLZ contract public, which has been audited by SourceHat. Rebel Satoshi is targeting a $100 million market cap for the $RBLZ token and has fixed its total supply at 250 million. 

    Rebel Satoshi has been conducting the presale of the $RBLZ token in multiple rounds. Right now, the last round, the Recusants Round 5, is underway at $0.024 per $RBLZ. Once the presale ends, the $RBLZ token will rise to $0.025 per token. At this price, Rebel Satoshi will list the $RBLZ token on DEXs sometime after February 29, which is when the presale will end. 

    Moreover, Rebel Satoshi is in the advanced stages of getting the $RBLZ token listed on tier-1 CEX as well. The DEX and CEX listing would result in the $RBLZ token experiencing a massive rally. As a result, the $RBLZ token is considered one of the best altcoins to buy right now. 

    For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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  • Bitcoin crosses $51K, S&P 500 sees record close; this EOS and Shiba Inu rival witness investor influx

    Bitcoin crosses $51K, S&P 500 sees record close; this EOS and Shiba Inu rival witness investor influx

    The cryptocurrency market witnessed a significant surge as Bitcoin soared past the $51,000 mark, marking a staggering 19% gain for the week. This bullish momentum rippled across the financial landscape, with the S&P 500 also achieving a record close, breaching the 5,000 mark for the first time in history. 

    Amidst this fervent activity, altcoins such as EOS and Shiba Inu faced stiff competition from a new contender, Rebel Satoshi, signalling a fresh wave of investor interest in the crypto sphere.

    Bitcoin $51k surge as S&P 500 witness record-breaking high

    Bitcoin continues its supreme reign, breaching the $51,000 mark for the first time this year. The bull run shows no signs of stopping and the leading coin is currently trading above the $51,200 range with experts stating that it would surpass the $53,000 resistance barrier in the coming days. 

    This bullish run can be attributed to factors such as growing institutional adoption, anticipation of wider mainstream acceptance, and a potential haven during global economic uncertainties. While some analysts predict a possible correction, Bitcoin’s long-term outlook remains optimistic for many investors searching for top crypto coins.

    The memecoin battleground is heating up! The self-styled “Dogecoin killer,” Shiba Inu has been on a tear, fueled by social media hype and celebrity endorsements. However, Rebel Satoshi has emerged as a new challenger, aiming to become the best memecoin built on the secure Ethereum blockchain. With its presale rounds selling out increasingly rapidly, Rebel Satoshi is attracting significant attention from investors seeking the next big altcoin to buy.

    The crypto market extends far beyond memecoins. Several other altcoins are making waves, offering unique value propositions and attracting investor interest. EOS, known for its scalability and speed, has seen a significant price increase, potentially driven by growing adoption and development activity on its platform.

    Rebel Satoshi: a rising star in the crypto galaxy

    The journey of Rebel Satoshi began with its initial presale rounds, each attracting escalating attention and investment from crypto enthusiasts worldwide. The inaugural Rebels Round 1 saw overwhelming demand, selling out within a mere 10 days, followed closely by the Warriors Round 2, which achieved the same feat in just 15 days. 

    As excitement continued to mount, the Citizens Round 3 garnered robust participation, reaching capacity in 18 days. The momentum culminated in the Monarchs Round 4, which marked a significant milestone by selling out in less than 25 days. Now, with the Recusants Round 5 underway, investors are presented with the final opportunity to secure their stake in this promising venture.

    As the crypto landscape evolves, Rebel Satoshi emerges as a formidable rival to established players. Built on the Ethereum network, one of the most secure blockchains in the crypto space, Rebel Satoshi presents an enticing investment opportunity for those seeking the best cryptocurrency investments available. With its innovative approach and growing community support, Rebel Satoshi is poised to disrupt the market and carve out its niche among the top crypto coins.

    Rebel Satoshi Presale

    With less than 25 million $RBLZ remaining for the current round, time is of the essence for investors looking to capitalize on the Rebel Satoshi phenomenon. As the countdown to the launch on decentralized exchanges (DEX) draws closer, anticipation reaches a fever pitch. 

    The convergence of limited supply and burgeoning demand creates an electrifying atmosphere, presenting a golden opportunity for savvy investors to get in on the ground floor of this groundbreaking project.

    Why invest in Rebel Satoshi?

    Rebel Satoshi offers more than just a chance to ride the crypto wave; it represents a gateway to unparalleled potential and financial freedom. With its robust infrastructure and visionary leadership, Rebel Satoshi is primed to redefine the crypto landscape and unlock new avenues for wealth creation. 

    By investing in Rebel Satoshi, individuals can seize the opportunity to be part of a revolutionary movement shaping the financial future.

    For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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  • Will it rally towards $60k soon?

    Will it rally towards $60k soon?

    TL;DR

    • Bitcoin crossed the $52k mark on Wednesday and could be heading towards the next resistance around the $60k level.

    • Bitcoin Dogs’ presale has already raised nearly $1 million within a few days, ushering in a new era of BRC-20 ICOs.

    The cryptocurrency market has been bullish since the start of the week, with Bitcoin and other major cryptocurrencies rallying higher. Investors continue to eye new projects, and Bitcoin Dogs is one of the projects that could take advantage of Bitcoin’s current price rally.

    Bitcoin eyes the $60k resistance level following its recent rally

    The cryptocurrency market has been bullish since the start of the week, with Bitcoin’s price up by more than 10% in the last four days. It reached a yearly high of $52,623, its highest level since 2021. 

    At press time, the price of Bitcoin stands at $51,836, up by more than 5% in the last 24 hours. Thanks to the recent rally, Bitcoin’s total market cap has now crossed the $1 trillion mark for the first time in more than two years.

    If Bitcoin can maintain its current momentum, it could reach the next resistance level at $60k in the coming days or weeks. 

    What is Bitcoin Dogs?

    Bitcoin has been rallying over the last few days, and the BTC ecosystem remains the centre of attention in the crypto market. Projects launching on the Bitcoin network could record massive growth in the coming months and years. One such project is Bitcoin Dogs. 

    Bitcoin Dogs is a unique project leveraging the power of the Bitcoin network. It is set to become the first BRC-20 token ICO. The project will offer investors an exciting value proposition as it will combine the elements of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. Thus, ensuring that investors and users have an immersive experience when they engage with the Bitcoin Dogs project. 

    Bitcoin Dogs’ launch comes just a few weeks after the launch of spot Bitcoin ETFs in the United States. The Bitcoin halving is also two months away, an exciting event that happens every four years. 

    Previously, most presales in the crypto market have been ERC-20 and BNB tokens. Bitcoin Dogs is setting a new trend by introducing $0DOG, its native token, as a novel investment opportunity on the Bitcoin blockchain. 

    Bitcoin Dogs presale approaches $1m

    The Bitcoin Dogs presale is growing rapidly and has already raised more than $900k. The presale will usher in a new era of BRC-20 ICOs within the Bitcoin ecosystem. 

    The project’s tokenomics reveals that there would be 900 million tokens minted. Investors would also have access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi. 

    The Bitcoin Dogs presale will run for a month and will leverage the rarity and novelty of BRC-20 to attract investors. 

    The team explained that although the tokens will be minted on BRC-20, investors will purchase the tokens on ERC-20, with investors providing a BTC wallet address. The address provided will receive $0DOG tokens after paying with ERC-20 tokens. You can pay for the $0DOG token using ETH, USDT and USDC stablecoins. 

    Click here to learn more about the Bitcoin Dogs presale. 

    Should you invest in the Bitcoin Dogs project?

    $0DOG could be one of the best-performing gems in the upcoming Bull Run. Bitcoin is rallying at the moment and projects related to BTC could record massive gains in the coming months and years. 

    2024 is expected to be the start of a new Bull Run and Bitcoin is looking to recover its all-time high price of $69k in the coming weeks or months. 

    With the right adoption level, Bitcoin-related altcoins like Bitcoin Dogs could experience a huge pump in price. In addition to the Bitcoin halving, the US Federal Reserve is expected to cut interest rates over the coming months, pushing more investors into the crypto market. 

    Overall, Bitcoin Dogs could be a winner in the current market conditions and its presale is the opportunity for investors to buy the $0DOG tokens at discount prices. 

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  • Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

    Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

    • Starknet launches STRK token with 1.3M wallet Airdrop, OKX to list the token for trading.
    • The first STRK trading pair on OKX will be STRK/USDT.
    • Pullix (PLX) token price has increased from an initial price of $0.04 to $0.1 in its second-last presale stage.

    In a dynamic week for the crypto space, Starknet’s STRK token has taken the spotlight with a massive Airdrop to 1.3 million wallets. Simultaneously, leading exchange OKX has announced the listing of STRK, creating a buzz in the community.

    Adding to the fervour, Pullix’s PLX token enters its penultimate presale stage, promising unique features and a lucrative investment opportunity.

    Let’s delve into the details of these groundbreaking developments.

    Starknet’s STRK airdrop makes waves

    Starknet, the Ethereum-based ZK-Rollup Layer 2 network, has unveiled its highly anticipated STRK token through an extensive Airdrop campaign. The Starknet Foundation, responsible for the token launch, is distributing STRK to approximately 1.3 million wallet addresses.

    The STRK token is the native token of Starknet network and it plays a pivotal role in decentralization and governance within the network. Starknet enhances scalability for decentralized applications (dApps) using an Ethereum-based ZK-Rollup Layer 2 while ensuring the robust security of the Ethereum settlement layer.

    OKX listing the STRK token

    OKX Exchange, a major player in the cryptocurrency market, is set to provide its users with access to Starknet’s STRK token. The exchange’s decision to list STRK follows the highly anticipated Airdrop announcement, further fueling expectations for increased liquidity and trading opportunities.

    The STRK token will be tradable on the OKX exchange from February 19th at 09:00 AM local time. Users can also withdraw their STRK tokens starting February 21st at 04:00 AM local time. The initial trading pair offered is STRK/USDT, with additional pairs possibly emerging based on user demand and market conditions.

    The move by OKX to list STRK suggests that other prominent exchanges, including Binance, may soon follow suit. This potential expansion to other major exchanges could contribute to the broader adoption and recognition of Starknet’s innovative Layer 2 solution.

    Pullix: seizing the future of DeFi

    In the realm of decentralized finance (DeFi), Pullix is carving its niche with the PLX token, currently in its second-last presale stage. Offering a unique approach to trading, Pullix positions itself as a pioneer with a hybrid exchange, blending centralized and decentralized features for an enhanced user experience.

    The PLX token sets a precedent as the first “Trade-to-Earn” cryptocurrency. Holders enjoy benefits such as passive income, trading discounts, and exclusive rewards from the platform’s daily revenues.

    As Pullix advances through its presale stages, the PLX token is currently available at $0.1 up from the initial price of $0.04. The presale has raised $5,676,776 so far showing the high demand among investors.

    To purchase the PLX token before the price makes its final presale increment, visit the official Pullix website.

    Conclusion

    Starknet’s STRK token, with its groundbreaking Airdrop and listing on OKX, showcases the continued innovation within the blockchain ecosystem. Simultaneously, Pullix’s PLX token disrupts the traditional DeFi landscape, offering a compelling blend of features that could redefine the future of cryptocurrency trading.

    As these projects unfold, the crypto community eagerly anticipates the impact they will have on the broader digital asset landscape.

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  • Will BTC reach new ATH before halving?

    Will BTC reach new ATH before halving?

    • Bitcoin hits $51k as bulls roar into life following Tuesday’s markets reaction to CPI data.
    • BTC price rose to highs of $51,708 on Coinbase, with its market cap back above $1 trillion.
    • Will BTC reach new ATH before halving?

    Bitcoin (BTC) price skyrocketed past the $51,000 level on Wednesday morning, recouping all losses suffered as the benchmark crypto mirrored stocks on Tuesday.

    The gains have seen the pioneer crypto reach a market capitalization of $1 trillion, a milestone last seen in December 2021. 

    According to data from CoinGecko, the price of Bitcoin hovered around $51,500 early morning on February 14. The BTC/USD pair traded more than 2% up across major cryptocurrency exchanges, with prices on Coinbase having shot to an intraday high of $51,708 as of writing.

    As BTC bulls eye a higher move, is Bitcoin poised for a march to a new all-time high pre-halving? With BTC showing fresh signs of an upside continuation, some analysts are saying the cryptocurrency could surge to higher levels in coming weeks. Crypto investor and analyst WhalePanda noted on X:

    The upcoming BTC halving and the massive demand witnessed within the spot Bitcoin ETF market are key catalysts. For the latter, there were nearly $631 million in inflows on Tuesday. 

    Data shows BTC spot ETFs have recorded net inflows for thirteen consecutive trading days, with cumulative net inflows at $3.89 billion as of February 13.

    Bitcoin’s halving is set for April this year. 

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  • should you buy Bitbot now?

    should you buy Bitbot now?

    Key takeaways

    • Bitcoin recently touched the $50k level for the first time since December 2021.

    • Altcoins could rally higher soon and this could see increased investments in projects like Bitbot. 

    Bitcoin’s rally to $50k could see more investment in cryptos

    The cryptocurrency market has been bullish since the start of the year and Bitcoin’s latest rally could result in more investments in altcoins. Bitcoin, the world’s leading cryptocurrency by market cap, recently touched the $50k mark for the first time since December 2021.

    The rally comes thanks to increasing inflows into spot Bitcoin exchange-traded funds (ETFs). As more retail and institutional investors enter the crypto market, there will be a focus on new and exciting projects.

    Bitbot could be one of the projects that grab investors’ attention thanks to its unique value proposition. 

    What is Bitbot? 

    Bitbot is a Web3 project that is set to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that gives users excellent features, enabling them to excel at crypto trading. 

    Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. What makes Bitbot an exciting project is the innovative approaches it intends to provide traders. The tool will leverage Telegram’s position as a leading social media platform for crypto users. 

    The team also revealed that Bitbot will provide users with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to world-class trading functions. 

    As Bitcoin hits $50k, trading volume in the market increases. Bitbot intends to take advantage of the rising trading volume in the crypto market to gain massive adoption in the coming months and years. 

    Bitbot’s technological approach to trading

    Bitbot is a unique project because it will roll out technological innovations that would benefit traders. The team is working on some tools that would ease the trading process for its users. 

    According to their whitepaper, security is one of the primary focus of the Bitbot tool. Bitbot will leverage Knightsafe to offer a self-custody solution, mitigating the typical risks associated with Telegram trading.

    Furthermore, part of the funds raised from the presale would be used to develop anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.

    In addition to that, Bitbot will use ultra-flexible wallet management fuelled by non-custodial API technology to provide an added layer of security to the users. 

    With the copy trading feature, Bitbot will make it easier to boost the profitability level of traders. The feature will allow traders to copy the trades of the strongest-performing wallets based on on-chain activities.

    Bitbot’s presale rakes in $557k

    The Bitbot presale is moving excellently and has raised more than $550k. The presale is in the third stage and is close to reaching the $630k target. 

    The new milestone of $557k shows that Bitbot is gaining fast adoption within the cryptocurrency space. Currently, the $BITBOT token is going for $0.011 but is set to increase to $0.0116 once the fourth round commences. 

    Bitbot’s tokenomics is easy as the development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

    Click here to read more about Bitbot’s upcoming presale. 

    Could Bitbot’s token rally higher in 2024? 

    The Bitbot presale will be concluded in the coming weeks and the token will start trading on cryptocurrency exchanges. With the right level of adoption, $BITBOT’s price could reach new highs in the coming months and years.

    Other external factors that could positively affect $BITBOT price include the upcoming Bitcoin halving. The crypto market is expected to record a massive rally following the halving and this could positively affect Bitbot and other gems in the market. 

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  • Missed Bitcoin and Ethereum waves? NuggetRush unveils new generation NFT gaming rewards

    Missed Bitcoin and Ethereum waves? NuggetRush unveils new generation NFT gaming rewards

    • Bitcoin jumps amid rising demand for spot BTC ETFs.
    • Ethereum’s investor sentiment could rise following excitement around its March 13 upgrades.
    • NuggetRush (NUGX) unveils a gaming community where ambitious investors can win gold rewards.

    Spot BTC ETF inflows have skyrocketed to over $2.1 billion pushing Bitocin price higher as Ethereum on the other hand gears up for a major network upgrade in March.

    NuggetRush (NUGX) is also gaining attention in the digital asset industry after its blockchain ICO sold 171 million tokens. Yet, can this make NUGX one of the best altcoins to buy? Join the discussion.

    Bitcoin rises to $50,000 as Spot ETF inflows skyrocket

    Bitcoin (BTC) has recovered impressively from its slight fall below the $40,000 range. Its trading activity has grown sharply, pushing BTC to high levels in February. Bitcoin’s (BTC) pump coincides with the sharp increase in demand for its Spot ETFs. 

    BTC traded at $44,167 on January 1. It jumped by 4.9% to $46,368 on January 11 after the SEC approved its spot ETFs. BTC fell by 14.7% to $39,507 on January 22 before jumping to $45,301 on February 8 and hitting $50,000 on February 12.

    Spot Bitcoin (BTC) ETFs have been in high demand since their launch. BlackRock’s spot Bitcoin ETF generated the fifth largest inflows among all spot ETFs in January. The total inflows into spot Bitcoin ETFs have surpassed $2.1 billion. Daily spot Bitcoin (BTC) ETF inflows also jumped to $400 million on February 8.

    Ethereum sets March date for Dencun upgrades

    After a call with top developers, the Ethereum (ETH) blockchain announced the launch of its anticipated Dencun upgrades on March 13, 2024. The upgrade will reduce transaction costs for auxiliary layer-2 networks on Ethereum (ETH). Furthermore, it would boost data storage on Ethereum (ETH).

    Excitement around the news could help push Ethereum’s price back to the $2,600 range. ETH traded at $2,352 on January 1. As of January 11, ETH jumped by 11.3% to $2,619. ETH’s bullish momentum fell sharply, and the token dropped by 12.8% to $2,282 on January 31. It then recovered by 6.0% to $2,419 on February 7.

    Ethereum’s (ETH) Dencun upgrades could help boost development activity on the network. By reducing costs for auxiliary layer-2 networks, more apps and services can leverage Ethereum’s (ETH) technology. This would help Ethereum (ETH) withstand competition from other top altcoins like Solana, possibly pushing ETH’s value up by 8.8% to $2,633.

    NuggetRush’s new generation NFT gaming rewards

    The launch of NFTs marked a shift in the play-to-earn industry. NFTs opened up the possibilities of participation and earning rewards from gaming networks. Yet, many projects have failed to capitalize on the latent opportunities that come with NFT gaming. One project that is getting recognition for being different is NuggetRush (NUGX).

    Combining meme coin benefits with play-to-earn gaming, NuggetRush (NUGX) aims to become a market leader via its mining adventure. Becoming a miner on NuggetRush (NUGX) is akin to mining natural resources in the real world. The game leverages the latest gaming technology to ensure its mining experience is as realistic as possible.

    It also features exciting gaming challenges, which include competitions and collaborations. You can compete against other miners in several gaming modes, like tournaments, battles, quests, and ranked play. You can also enjoy its mining experience as part of a team. The game allows the formation of teams and mining collaborations that offer high-value rewards.

    NuggetRush (NUGX) has shown immense growth potential. By round five of its presale, NuggetRush had sold over 171 million NUGX tokens, leading to high FOMO. It has also raised over $2.1 million. The current NUGX value is $0.018. After a pump to $0.020, major exchanges will list the coin.

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  • 3 altcoins to watch this week: Polygon, Frax and Memeinator

    3 altcoins to watch this week: Polygon, Frax and Memeinator

    • Polygon (MATIC) rebranding to POL could be a bullish catalyst.
    • Frax (FXS) is launching its layer-2 blockchain, potentially buoying price outlook.
    • Memeinator (MMTR) presale has reached stage 15 as meme coin looks to dominate market upon launch.

    The past week saw cryptocurrencies surge as Bitcoin broke above $48,000. While BTC price has retreated below the above level, investors keen on potential bull momentum in coming months are likely to use the dip to buy more.

    Top altcoins such as Ethereum, Solana and XRP are worth a look at. However, a few tokens could stand out amid key news events and developments. Here’s why Polygon (MATIC) and Frax Finance (FXS) and Memeinator (MMTR) could be two of the tokens to watch in coming weeks.

    Polygon (MATIC): Rebrand could be bullish

    Polygon’s MATIC is one of the top altcoins to retreat on Monday as Bitcoin pared gains from the weekend. The cryptocurrency was down about 3% as the broader crypto market mirrored US futures ahead of this week’s economic data releases.

    MATIC however remains more than 5% up this past week and in position to retest the $1 level. According to crypto analyst The DeFi Investor, Polygon is one of the projects to watch in coming weeks due to the upcoming MATIC to POL rebrand. 

    Per the analyst, the rebrand could happen this month and such events have “generally [been] bullish if done right.”

    Frax Finance (FRX): L2 launch is a key milestone

    On February 7, 2024, the Frax Finance team announced access to the testnet and mainnet of its modular blockchain Fraxtal. Immediate access was available for select partners, while it is set to go live for normal users in coming days.  

    Fraxtal has incentives lined up for users, including an airdrop, liquidity rewards, and new FXTL points. These are earmarked for later this month, with the platform’s partners and developer teams using the interim time to bring their dApps to the blockchain. Staking of FXS is also open.

    FXS price reached highs of $42.80 in January 2022. The current price is 79% down from that peak. If the Frax L2 blockchain public launch adds to overall market catalysts for FXS, its likely to be one of the tokens to watch in coming months.

    Memeinator (MMTR): The meme coin to challenge DOGE?

    Memeinator is a new crypto token in presale. The MMTR token is a meme coin that will be the utility token of the Memeinator ecosystem.

    When it launches, Memeinator’s main goal will be to establish itself as a top meme coin project that challenges and possibly overtakes Shiba Inu and Dogecoin. Part of that mission comes with a hostile takeover of all useless meme coins that offer nothing to the community.

    These subpar tokens are mere copycats that have often left holders with worthless bags. Inspired by the Terminator, the Memeinator has come with the Meme Warfare – ready to render judgement to weak meme tokens.

    The project has already shown its traction with the massive presale participation, surge in social media followers and perhaps most importantly, the launch of its staking pool and token burn. The target is to reach a $1 billion market cap, and that means a potentially significant surge in post-launch price.

    Currently in stage 15, the Memeinator has raised more than $4.2 million, with MMTR price rising to $0.022. Details on the Memeinator presale page shows the next price level will be $0.023, and the value will continue to rise through stage 20 of the presale.

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