Tag: Ethereum

  • CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run?

    CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run?

    The ongoing bull cycle has caused a notable rise in activity in the crypto market. For Bitcoin, CryptoQuant projects a $146,000 cycle high. In the meantime, the firm predicts Ethereum to follow a historical pattern in its MVRV Ratio to enter a second bull market. Despite the positivity in the top two cryptocurrencies, a growing number of investors are rushing into Rexas Finance instead. At just $0.125, many analysts believe this undervalued crypto could lead the next bull market run.

    CryptoQuant Projects $146,000 for Bitcoin Cycle Peak

    According to crypto-analytic outfit, CryptoQuant, Bitcoin’s price cycle could peak at around $146,000. The firm claims to get this projection from the average acquisition cost of Bitcoin across the network—the realized price valuation. With Bitcoin reaching comparable highs in 2021, the realized price has been a decent gauge of market cycle peaks. Meanwhile, several macroeconomic events, institutional adoption’s ongoing upward momentum, and Bitcoin ETF interest might drive BTC above $146,000 this cycle. It is important to note that Bitcoin’s path is rocky. Geopolitical conflicts and unfavorable legislation, among other market elements, could possibly stop Bitcoin from reaching the projected high.

    BTC trades at $95,685 as of this writing, down just 2% over the previous day. Should the crypto market remain favorable, Bitcoin’s ascent might quicken, dragging Ethereum and other altcoins behind it.

    Ethereum Enters ‘Second Bull Market’

    According to a CryptoQuant analyst, Ethereum’s second bull market appears to be in shape. The forecasts show that at $4,000 in Q1 2024, the second bull run will be noticeably more dramatic than the first. The analyst pointed to a similar MVRV Ratio in the Ethereum price chart. During the year’s first quarter, the indicator surged to a really high level as the price surge was in progress. However, the indicator cooled back down in the bearish consolidation that followed the run, returning to the neutral 1 level.

    The MVRV Ratio has once more reversed upward with the most recent increase in cryptocurrencies. Interestingly, the quant on the chart also observed this trend during the previous two bull markets. Both runs comprised two periods in which the Ethereum MVRV Ratio peaked, and a cooldown occurred in between. ETH trades at $3600 as of this writing, a 2% drop over the last day. Analysts project Ethereum may end this period above $10,000. 

    Rexas Finance (RXS): The Undervalued Altcoin Set to Lead the Next Bull Run

    In the heart of Ethereum’s second bull market and Bitcoin’s expected rise, Rexas Finance is an undervalued cryptocurrency that could lead the next altcoin boom. By tokenizing real-world assets (RWAs), Rexas Finance is revolutionizing asset management with liquidity, global access, and fractional ownership. Rexas Finance opens up previously closed markets by turning illiquid assets like real estate, commodities, and art into digital tokens. With a few RXS tokens, a user can acquire fractional ownership of these highly valued assets from anywhere in the world, removing the high entry costs and geographic restrictions commonly seen in traditional sectors. 

    The project’s presale went quickly. Rexas Finance sold 290 million RXS tokens and raised $20.75 million in the first eight presale phases in three months. In Stage 9, the token price is $0.125 and predicted to rise to $0.150. With its fast presale, Rexas Finance is drawing attention. After the presale, RXS will be listed on at least three of the top 10 cryptocurrency exchanges, increasing its liquidity and market exposure. Rexas Finance’s platform offers new and existing users unique value with many features. Regardless of technical ability, anyone may construct digital tokens with the Rexas Token Builder. Rexas Launchpad fosters innovative blockchain ventures, while Rexas GenAI generates unique digital artworks using AI to make NFTs easier to develop. These technologies and Rexas Finance’s focus on security and compliance make it a user-friendly and powerful asset tokenization solution. 

    The Rexas Finance ecosystem encourages transparency and security. The platform’s Certik audit, which verifies smart contracts and code security, increases investor confidence. The project’s recent placement on CoinGecko and CoinMarketCap gives investors easy access to performance information and analysis, boosting its reputation. The project has huge market potential and price potential, enough to lead the next bull cycle. Real estate is worth $379.7 trillion, art and collectibles $65 billion, and financial assets $486 trillion. Rexas Finance plans to enter these massive markets by offering fractional ownership and tokenized access to these assets, giving common investors additional global market possibilities. The presale’s quick growth shows growing interest in tokenized real-world assets, and Rexas Finance is well-positioned to lead the next bull run with lower transaction costs and higher liquidity. 

    Conclusion

    With Bitcoin forecast to reach $146,000 and Ethereum’s second bull market underway, the next major cryptocurrency rise may be imminent. By tokenizing assets, Rexas Finance is becoming a serious challenger. Its speedy presale and rapid crypto growth make it a great investment for those looking to capitalize on the next round.  And what is more? Rexas Finance is running a $1 million giveaway, with the top 20 participants winning $50,000 worth of RXS. Jump on the project now to increase your chance of winning. 

    For more information about Rexas Finance (RXS) visit the links below:

    Website: https://rexas.com

    Win $1 Million Giveaway: https://bit.ly/Rexas1M

    Whitepaper: https://rexas.com/rexas-whitepaper.pdf

    Twitter/X: https://x.com/rexasfinance

    Telegram: https://t.me/rexasfinance

    Source link

  • Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum

    Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum

    • JustGiving now accepts over 60 cryptocurrencies for people to donate with
    • 94% of crypto users are Millennials and Generation Z
    • More than $2 billion has been donated to charitable causes over the past five years

    UK-based fundraising platform JustGiving is teaming up with The Giving Block, a digital asset company, to start accepting crypto donations.

    JustGiving now allows users to donate in more than 60 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Doge, according to a report from UK Fundraising. The move comes as the crypto market is experiencing a surge in value, with Bitcoin recording a new all-time high of over $94,000 yesterday on CoinMarketCap.

    According to JustGiving’s website, over the past 24 years, the fundraising platform has raised $7.2 billion (£6 billion) and is trusted by thousands of charities worldwide, including the Alzheimer’s Society, the British Heart Foundation, Macmillan Cancer Support, and Mind.

    Pascale Harvie, President and General Manager of JustGiving, said:

    “In recent years there has been a surge in the use of cryptocurrencies and our decision to enable cryptocurrency donations is the latest demonstration of our commitment to forward-thinking innovation.”

    Tapping into a tech-savvy demographic is also key. According to JustGiving, 94% of crypto users are Millennials and Gen Z.

    Alex Wilson, co-founder of The Giving Block, said that “charities need to tap into this new donor demographic,” adding:

    “580 million people now use cryptocurrency around the world and the market is worth nearly $3 trillion. Our goal is to make accepting cryptocurrency donations just as easy as taking any other online donations.”

    In a 2024 Annual Report from The Giving Block, it noted that more than $2 billion has been donated to charitable causes over the past five years.

    Source link

  • US spot Ethereum ETFs see largest daily outflows since July

    US spot Ethereum ETFs see largest daily outflows since July

    US spot Ethereum ETFs see largest daily outflows since July
    • Overall, US spot Ethereum ETFs saw $79.21 million in outflows on Monday, the largest since July
    • Grayscale’s ETHE recorded a significant $80.55 million outflow on the same day.
    • Spot Bitcoin ETFs had modest inflows of $4.56 million, led by Fidelity’s FBTC.

    On Monday, US spot Ethereum ETFs experienced their largest daily outflows since late July, totalling $79.21 million.

    This significant drop was primarily driven by the Grayscale Ethereum Trust (ETHE), which recorded an outflow of $80.55 million, marking its most substantial outflow since July 31.

    According to data from Sosovalue, ETHE was the only spot Ethereum ETF to report outflows on that day, highlighting a challenging period for the asset class.

    In contrast, Bitwise’s ETHW managed to post a modest inflow of $1.34 million, while the remaining seven spot Ethereum ETFs registered no significant movement.

    The total trading volume for the nine Ethereum ETFs reached $167.35 million, reflecting an increase from $139.47 million the previous Friday. This uptick in trading volume indicates that despite the outflows, investor activity in the Ethereum ETF space remains notable.

    Meanwhile, spot Bitcoin ETFs fared better, experiencing modest inflows of $4.56 million on the same day. This marks the continuation of a three-day streak of inflows, led by Fidelity’s FBTC, which attracted $24.93 million.

    BlackRock’s IBIT, the largest Bitcoin ETF by net assets, also saw positive movement, with inflows of $11.54 million.

    However, Grayscale’s Bitcoin Trust (GBTC) recorded a $40.33 million outflow, making it the only spot Bitcoin ETF to face losses on Monday.

    As the cryptocurrency market fluctuates, with Bitcoin dropping 1.1% to approximately $63,122 and Ether falling 1.32% to around $2,627, these recent developments underline the volatile nature of digital asset investments. Investors will be keenly watching how these trends evolve in the coming days.

    Source link

  • Ethereum Foundation sells 300 ETH as price hits $2.5k

    Ethereum Foundation sells 300 ETH as price hits $2.5k

    • The Ethereum Foundation has sold a total of 950 ETH worth over $2.2 million in the past three weeks
    • On September 20, the non-profit sold 300 ETH for over $760,000 as Ethereum’s price rose to above $2,500

    The Ethereum Foundation has once again dumped more Ether tokens, this time offloading 300 ETH worth more than $760,000.

    According to on-chain data, the foundation sold the 300 ETH for an average of $2,543 – which is a level that is 5% up on intraday lows of $2,440.

    In recent days, the organization had stopped its selling spree. Before the brief lull, the Ethereum Foundation had become one of the top ETH holders to dump as prices stalled. But on September 20, the dump resumed.

    Ethereum Foundation has sold Ether every four to seven days

    On September 6, the Ethereum Foundation sold 100 ETH for $226,868. It’s a sale that brought the foundation’s increased selling across three weeks to 650 ETH, with these valued at about $1.5 million.

    According to Spot On Chain, a on-chain insights platform, the non-profit organization has sold 950 ETH since the start of September. These sales amount to over $2.2 million, with the average sale price being $2,392.

    The Ethereum Foundation has sold the native Ethereum token every four to seven, on-chain data shows.

    In May 2024, the Ethereum Foundation sold 1,000 ETH for over $3 million, with year-to-date totals at the time reaching 1,766 ETH sold for over $4.8 million.

    The latest dump comes after Ethereum’s price surged from under $2,200 levels reached earlier this month.

    At the time of writing, ETH traded around $2,552, roughly 5% up in the past 24 hours and +8.5% in the past week.

    These gains have come as Bitcoin’s price surged to above $63,000 after this week’s Fed moved to cut interest rate by 0.5%.

    Earlier, CoinJournal highlighted that five Satoshi era Bitcoin wallets that had been dormant for 15 years, woke up and transferred 250 BTC.



    Source link

  • Switzerland’s 4th largest bank ZKB launches Bitcoin and Ethereum trading

    Switzerland’s 4th largest bank ZKB launches Bitcoin and Ethereum trading

    Switzerland's 4th largest bank ZKB launches Bitcoin and Ethereum trading
    • Zürcher Kantonalbank (ZKB) now offers Bitcoin and Ethereum trading via ZKB eBanking and Mobile Banking.
    • The bank has partnered with Crypto Finance AG and will use Fireblocks for secure custody.
    • The services are available only to Swiss residents with the necessary agreements signed.

    Zurich Cantonal Bank, Switzerland’s fourth-largest bank locally known as Zürcher Kantonalbank (ZKB), has taken a major step into the cryptocurrency realm with the launch of Bitcoin (BTC) and Ethereum (ETH) trading services.

    Announced on September 4, this development marks a significant milestone in the mainstream adoption of digital currencies by traditional financial institutions.

    ZKB has partnered with Crypto Finance AG and Fireblocks

    ZKB’s new offering allows retail clients to trade and store Bitcoin (BTC) and Ether (ETH) directly through its digital platforms: ZKB eBanking and ZKB Mobile Banking. This integration provides a seamless experience for customers, who can now manage their cryptocurrency holdings alongside their traditional investments without needing separate wallets.

    To ensure a secure and regulated environment for these transactions, ZKB has partnered with Crypto Finance AG, a subsidiary of Deutsche Börse Group.

    Crypto Finance AG’s technology, licensed by both FINMA and BaFin, will support the ZKB’s trading operations, ensuring compliance and security.

    ZKB has also developed its own crypto custody solution, with Fireblocks playing a key role in safeguarding digital assets.

    This strategic moves positions ZKB at the forefront of the cryptocurrency revolution, providing a centralized platform for trading and storage that eliminates the need for clients to manage their own private keys.

    According to Alexandra Scriba, ZKB’s head of institutional clients, the bank’s approach offers high levels of security and the potential for integrating other digital currencies and applications in the future.

    Currently, the crypto trading services are only available to clients residing in Switzerland and to activate an account, clients must sign agreements for trading, securities, and a “Consent Declaration Disclosure.”

    This cautious approach reflects ZKB’s commitment to maintaining robust security standards while expanding access to digital currencies.

    ZKB’s entry into the cryptocurrency market underscores a broader trend within the banking sector, where institutions are increasingly embracing digital assets. Competitors like PostFinance are also exploring crypto services, highlighting a growing acceptance of digital currencies in traditional finance, paving the way for more integrated and accessible cryptocurrency solutions.

    Source link

  • Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading

    Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading

    Futu Securities launches Bitcoin and Ether trading
    • Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees.
    • New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia.
    • Futu seeks a crypto exchange license for PantherTrade amid Hong Kong’s crypto hurdles.

    Futu Securities International, Hong Kong’s largest online broker, has introduced retail cryptocurrency trading in the city, marking a significant advancement in its financial services.

    The brokerage firm, known for its extensive reach and innovative offerings, now allows residents to trade Bitcoin and Ethereum on its platform. This initiative comes after a partnership with HashKey Exchange, one of only two licensed cryptocurrency exchanges in Hong Kong.

    Bonuses and waived crypto trading fees

    The launch comes with enticing bonuses. New account holders who deposit HK$10,000 (approximately $1,280) for 60 days can receive either HK$600 worth of Bitcoin, a HK$400 supermarket voucher, or a share of Alibaba.

    Those who deposit HK$80,000 are eligible for HK$1,000 in Bitcoin or a share of Nvidia, whose stock has surged by about 130% this year.

    Additionally, Futu has waived commission fees for crypto trading starting August 1st, enhancing the appeal of their new service.

    Futu looking for a crypto exchange license

    Futu is also pursuing a cryptocurrency exchange license for its new platform, PantherTrade, which currently operates under a ‘deemed to be licensed’ status.

    PantherTrade is among 11 platforms in Hong Kong awaiting full approval from the Securities and Futures Commission (SFC).

    Hong Kong crypto industry challenges

    Despite these advancements, Hong Kong’s aspiration to become a global crypto hub faces hurdles. The city has experienced the exit of major global trading platforms and low trading volumes for crypto ETFs.

    Increased fraudulent activities, such as a recent scam involving counterfeit currency, have further complicated the situation.

    In response, Hong Kong authorities are enhancing their regulatory measures and law enforcement capabilities to address these issues and boost investor confidence.

    As Futu Securities deepens its presence in the cryptocurrency market, the success of its initiative will depend on balancing innovation with stringent oversight to ensure a secure trading environment.

    Source link

  • Altsignals (ASI), Bitcoin (BTC), Ethereum (ETH) price predictions

    Altsignals (ASI), Bitcoin (BTC), Ethereum (ETH) price predictions

    • Bitcoin (BTC) eyes $80K amid institutional FOMO & strong hodling.
    • Ethereum (ETH) bullish, targets $4,868 ATH with robust technicals.
    • AltSignals (ASI) set a new ATH at of $0.006026.

    In the fast-paced world of cryptocurrency trading, accurate price predictions are highly sought after by investors looking to make informed decisions. Today, we delve into the latest price predictions for three prominent cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and AltSignals (ASI).

    These predictions are based on a combination of market analysis, technical indicators, and industry trends.

    Bitcoin price prediction: eyes on $80,000

    Bitcoin, the pioneering cryptocurrency, is experiencing a surge in momentum, recently reaching a new peak of $72,800 on Binance.

    Analysts speculate that the price could climb even higher, potentially touching the $80,000 psychological level.

    The market is currently witnessing institutional FOMO (fear of missing out), as BTC holders show resilience, refraining from significant sell-offs.

    Technical indicators, such as the Relative Strength Index (RSI), continue to show strength despite overbought conditions. This suggests that Bitcoin might extend its upward trajectory.

    However, profit-taking could lead to a pullback, with key support levels identified at $69,000 and the supply zone between $62,278 and $65,618.

    Ethereum price prediction: expected to reclaim its ATH

    Ethereum, not to be outdone, is displaying robust performance, holding above $4,000. With an impressive 85% increase since the start of the year, ETH is poised to reclaim its all-time high of $4,868.

    The Awesome Oscillator (AO) and RSI signal strong buyer presence and rising momentum, indicating the potential for a 20% climb.

    In case of a pullback, Ethereum may find support around $3,602, providing an opportunity for traders.

    AltSignals’ ASI token and ActualizeAI ecosystem

    AltSignals is set to revolutionize the trading landscape with ActualizeAI, a groundbreaking upgrade incorporating artificial intelligence, machine learning, and natural language processing.

    The AltSignals platform aims to leverage these technologies to provide a fully automated and 24/7 trading capability, improving accuracy and risk management while offering advanced sentiment analysis support.

    The ASI token, integral to the AltSignals ecosystem, was recently been listed on Uniswap after a successful presale that raised 1.8 million. At press time, the ASI/USDT trading pair on Uniswap v3 was trading at $0.005964, 52.56% higher than its all-time low price of $0.003913 recorded on March 5, 2024.

    Although, rising at a sluggish pace, the ASI token hit an all-time high of $0.006026 on March 11, 2024, and analysts expect it to ride the current bullish market sentiment and AI hype and possibly drop a zero by April.

    Beyond trading on Uniswap, ASI holders currently have the opportunity to stake their tokens, earning rewards of up to 25% in the ongoing ASI staking program.

    As a deflationary token, ASI comes with a countdown mechanism, providing access to evolving ActualizeAI trading products and contributing to increased token value.

    ActualizeAI introduces an AI Members Club, rewarding participants with ASI tokens for contributions to product development, backtesting, feedback, and ideas. It emphasizes community governance, allowing token holders to influence the project’s direction.

    What does the future hold for ASI holders?

    Looking ahead, AltSignals has outlined a transparent roadmap, ensuring the community’s involvement and maximizing value for token holders. The roadmap spans quarters, with milestones such as token presale launch, AI model development, dashboard design, burn & staking mechanisms, and partnership acquisitions.

    ActualizeAI’s roadmap includes the development of a real-time dashboard and notifications powered by a sentiment analysis engine. New AI product releases, a 2-Click onboarding design, and increased global marketing efforts are anticipated in the coming quarters.

    AltSignals’ success is underscored by its head start as an established business in 2017. 

    With a loyal community of 50,000 signal users, this predictive machine learning is poised to revolutionize trading indicators, providing a unified platform for both traditional and cryptocurrency markets.

    As AltSignals continues to capture global investor interest, the integration of ActualizeAI promises to disrupt the trading industry, providing traders with cutting-edge tools and technologies for a seamless and empowered trading experience.

    Source link

  • Bitcoin (BTC) and Ethereum (ETH) lead the bull rally; Rebel Satoshi ($RBLZ) finally concludes presale event

    Bitcoin (BTC) and Ethereum (ETH) lead the bull rally; Rebel Satoshi ($RBLZ) finally concludes presale event

    • Top experts expect Bitcoin’s (BTC) price to rise beyond $70,000 as halving approaches.
    • Ethereum (ETH) proposal causes optimism among investors, who expect a surge in the DeFi coin price to $5,000 by the end of March.
    • Rebel Satoshi ($RBLZ) presale has concluded.

    Despite BTC and ETH’s continued rise to the top of the cryptocurrency market during this recent upswing, a new competitor has shown it can compete with the best DeFi tokens.

    Among BTC, ETH, and $RBLZ, which cryptocurrency should you buy? Let’s gather the most recent information from analysts and experts.

    BTC price forecast: can Bitcoin continue its upward trend?

    To stop currency speculation and stabilize the country’s collapsing Naira, the Nigerian government has placed access restrictions on several cryptocurrency exchanges, including Binance, Coinbase, Kraken, FXTM, and OctaFX, according to a report published in the Financial Times on February 22.

    Since this news was made public, the price of Bitcoin has increased by 22.45%, from $50,731.95 on February 23 to $62,121 on February 29. Experts in the cryptocurrency space who monitor BTC’s price have predicted that it will rise even higher. They predict that the upcoming Bitcoin halving will push it to $70,470 by March.

    However, many Bitcoin analysts have expressed pessimism and forecast an imminent decline for the top crypto coin. Based on past Bitcoin price trends, they claim that the price of BTC could drop to $47,680 by mid-March.

    Will Ethereum’s latest proposal spur a surge for ETH?

    On February 23, Mike Neuder of the Ethereum Foundation and Max Resnick, chief researcher at SMG, published the Concurrent Block Proposers in Ethereum thesis. The paper proposed the possibility of increasing the number of proposers in a single PoS Ethereum slot.

    Following this announcement, the value of ETH has demonstrated the expected upward movement. On February 12, ETH was trading at $2,658.12; however, by February 28, it had clocked in at $3,244.42, indicating a rise of 22.06%. The increase in Ethereum ETF applications has market experts bullish about Ethereum. Consequently, they predict that ETH will hit $5,000 by the end of March.

    On the other hand, because the MACD and the Awesome Oscillator are both in bearish territory, some analysts are bearish on Ethereum. As a result, they forecast that before the end of March, ETH will fall to $2,256.14. Despite this uncertain outlook, some analysts have advised investors to look into Rebel Satoshi due to its distinctive structure and lucrative presale.

    Rebel Satoshi concludes presale ahead of $RBLZ’s DEX listing

    Rebel Satoshi is currently positioned to be among the top meme coin projects of 2024 thanks to its creative features and strong presale performance. The project intends to use $RBLZ, its proprietary token, to usher in a new era of decentralization to accomplish this goal. A group of rebels dedicated to opposing centralized systems will define this new era.

    Holders of the $RBLZ token can also anticipate exclusive privileges and the opportunity to participate in the Rebel Satoshi ecosystem. The Rebels community will construct the Rebel Satoshi ecosystem, which will include a play-to-earn (P2E) game, an NFT marketplace, the Rebel NFT Vault, and a staking program.

    Right now, $RBLZ is concluding the fifth and final Recusants Round 5 of its presale, with a token price of $0.024. Before Rebel Satoshi’s official DEX launch, this price is anticipated to rise to $0.025; therefore, early $RBLZ investors may see a 150% return on their investment when the token launches.

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

    Source link

  • Ethereum and Bitcoin drive crypto market surge; Pullix PLX token presale nears end

    Ethereum and Bitcoin drive crypto market surge; Pullix PLX token presale nears end

    • Ethereum (ETH) surged above $3400, driven by Bitcoin’s rise.
    • Pullix pre-sale ending soon; PLX to list on Uniswap, BitMart.
    • Investors eying Ethereum (ETH) and Pullix (PLX) amid the bullish crypto market.

    The cryptocurrency market is experiencing a significant surge, propelled by impressive gains in Ethereum (ETH) and Bitcoin (BTC). Ethereum has seen a remarkable increase of over 17% in the last week, reaching $3,470.73.

    Ethereum’s price surge can be attributed to the generally bullish sentiment in the crypto market largely attributed to the positive performance of Bitcoin, which has surged by 21% since Monday, trading at $62,807.02 at the time of writing.

    As the cryptocurrency market witnesses a bull cycle, the presale of Pullix’s native token is a few days to its end awaiting listing on two crypto exchanges.

    Ethereum’s price surge and market dynamics

    Ethereum’s recent price surge is a testament to its resilience and growing popularity in the cryptocurrency market.

    With a surge of over 10% in the past two days, ETH has demonstrated strong momentum, driven by bullish market sentiment and increasing demand from investors. The major driver behind Ethereum’s rise, as with other altcoins, remains Bitcoin, which continues to dominate the market and influence price movements across the board.

    Factors such as the growing adoption of decentralized finance (DeFi) applications and the upcoming Ethereum 2.0 upgrade, which aims to improve scalability and security, have also contributed to Ethereum’s positive performance.

    Additionally, Ethereum’s role as a platform for decentralized applications (dApps) and smart contracts further enhances its utility and value proposition, attracting both developers and users to the ecosystem.

    Pullix: introducing a new hybrid crypto trading platform

    Amid the cryptocurrency market surge, Pullix emerges as a promising player in the space.

    Pullix is a new DeFi protocol that is launching a hybrid exchange, seamlessly blending the strengths of centralized and decentralized exchanges into one unified platform. The platform introduces the concept of “Trade-to-Earn,” empowering users to earn a portion of the daily revenues generated by the exchange through its native token, PLX.

    Pullix aims to disrupt the status quo in the crypto trading industry by offering innovative features such as passive income through staking PLX tokens, trading discounts, and exclusive rewards from daily revenue. The platform’s roadmap outlines ambitious plans for development, including completing the presale, launching the PLX token on decentralized and centralized exchanges, and beta launching the platform for users.

    PLX presale nears end; listing on Uniswap and BitMart await

    As the presale for the PLX token nears its end, investors have an opportunity to participate in Pullix’s vision and secure their stake in the platform’s ecosystem. The presale, which accepts various cryptocurrencies including Bitcoin, Ethereum, USDT, and others, has garnered significant interest from the community, reflecting confidence in Pullix’s potential.

    The presale, which is currently in its last presale round dubbed ‘Bonus Round’ offering PLX at $0.14, has successfully raised $8,700,672. The last stage is over 47% sold out and investors still have an opportunity to participate with three days remaining. to participate, visit the Pullix website.

    The PLX token, designed as the utility token of the Pullix ecosystem, offers a range of benefits to holders. These include passive income through staking, trading discounts of up to 60%, and exclusive rewards derived from the daily revenues generated by the Pullix exchange.

    The anticipation builds as the PLX token is set to launch on Uniswap on March 4th, 2024, followed by a listing on BitMart on March 7th, 2024. After the Uniswap launch, the team plans to lock the liquidity pool for 24 months, ensuring stability and mitigating potential risks.

    Is it the right time to invest in Ethereum and Pullix?

    With Ethereum and Bitcoin leading the market surge and Pullix presenting an innovative approach to crypto trading and investment, investors may be wondering if now is the right time to invest. While past performance is not indicative of future results, the positive momentum and promising developments in both Ethereum and Pullix suggest potential growth opportunities.

    As always, investors should conduct thorough research, assess their risk tolerance, and consider their investment goals before making any decisions. With the cryptocurrency market’s inherent volatility, it’s essential to approach investment opportunities with caution and diligence.

    Source link

  • 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.

    Source link