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  • 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.

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  • Crypto Fear and Greed Index hits 30, lowest level in 18 months

    Crypto Fear and Greed Index hits 30, lowest level in 18 months

    • Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30.
    • This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months.

    The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin (BTC) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years.

    While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year.

    Crypto Fear & Greed Index drop to 30

    As Bitcoin price slipped below $60,000 on Monday, June 24, the index score nosedived more than 20 points to drop into the “fear” zone.

    The decline means the Bitcoin Fear & Greed Index is currently trending at levels last seen in January 2023. At the time, Bitcoin price was trading around $17,000 after the market reaction to the industry’s most shocking collapse so far – the implosion of the FTX crypto exchange.

    Crypto Fear & Greed Index score is 30, now in “Fear” zone. Source: Alternative.me

    In May this year, Bitcoin price fell to lows of $56,500 and the index’s score dipped from neutral to fear.

    A bounce in price saw sentiment improve significantly to push the Fear & Greed Index to 74. “Greed” dominated then as Bitcoin broke above $71k, but that score flipped neutral and within hours on June 24, reached the 30 mark.

    Mt. Gox repayments and German government selling

    Catalysts for the latest declines include the Mt.Gox repayments news.

    A notice on Monday indicated that the exchange will begin repaying customers who’ve waited since the 2014 hack. Mt.Gox customers will receive Bitcoin and Bitcoin Cash. 

    Over $8.5 billion worth of BTC is with the exchange’s trustee. In April, analysts at K33 Research warned that Mt.Gox’ Bitcoin repayments could impact prices.

    Also attracting negative sentiment is the selling of Bitcoin by the German government. After sending 1,700 BTC to exchanges last week, including Coinbase and Kraken, Germany is at it again. 

    On Tuesday, Lookonchain shared on-chain data tracking wallets linked to the 50,000 BTC seizure the German government made early this year. The details show another 400 BTC deposited in CEXs.

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  • Fetch.ai (FET) regains momentum and InQubeta (QUBE) hits $11.3M in presale as AI interest soars

    Fetch.ai (FET) regains momentum and InQubeta (QUBE) hits $11.3M in presale as AI interest soars

    The crypto scene is abuzz following Bitcoin’s (BTC) new all-time high (ATH). This feat was achieved three years after the last Bull Run in 2021. Signaling the start of another bull run—for those still bearish—investor interest has been reignited, with 2024 set to be the year for the bulls.

    At the same time, Fetch.ai (FET), an AI-inspired altcoin, regains momentum after a period of decline. Sharing the spotlight and riding the AI wave is InQubeta (QUBE), a new and emerging AI altcoin. The massive interest in AI has seen it blast past $11.3 million in presale, and could position it for even bigger gains after its market debut.

    InQubeta (QUBE): riding the AI wave

    InQubeta (QUBE) is an emerging crypto riding the bullish AI wave, with some analysts suggesting it could be among the best new crypto to invest in right now. As an AI altcoin, it will address key challenges within the fast-rising AI sector, particularly when it comes to transforming the fundraising landscape and making the market accessible to investors.

    Its value proposition revolves around building the first-ever crypto-based crowdfunding platform for AI tech startups. Fundraising activities will be seamless via its novel approach, as startups simply need to mint investment opportunities as NFTs, which will be divided into bits and fractionally offered to investors.

    In the eighth stage of the ICO, a token costs only $0.0245. As an emerging AI coin with potential, some experts are predicting a 55x rally after its launch, which is why a number of analysts have marked it as a recommended presale crypto.

    Bitcoin (BTC): price discovery begins after new ATH

    Bitcoin (BTC) sent ripples of excitement across the crypto scene after flipping the previous all-time high (ATH) and creating a new peak. Last week it hit $69,000 for the first time, and that has been followed by a new ATH above $71,000 this week, sparking fervor within the crypto scene. With investors aiming to ride along as it goes on price discovery, BTC is undoubtedly one of the best cryptos to buy now.

    The approval of spot Bitcoin ETFs by the US SEC in January—after a decade-long wait—played a big role in the latest BTC feat. Following the emergence of Bitcoin on Wall Street, investing in BTC ETFs has become the latest trend, resulting in the leading digital asset soaring.

    The good news is that the price could still have further to climb, especially considering the upcoming halving. This event historically coincides with a significant uptick in the price of Bitcoin. Hence, BTC is among the best cryptos to invest in at the moment.

    Fetch.ai (FET): momentum intensifies amid bulls resurgence

    Fetch.ai (FET) is a subject of much interest in the crypto space. As an AI altcoin, it has experienced huge interest, with investors positioning themselves to ride the AI wave. More importantly, it plays a key role in democratizing access to AI technology, making it poised for massive adoption and explosive growth.

    Despite the buzz around DYM, Pixels, and Starknet, the AI narrative has remained in the spotlight, which Fetch.ai has been basking in. It reached a new ATH earlier this week, with sights set on further upsides. This makes it a promising wave not to miss out on and potentially one of the best coins to invest in right now. 

    According to analysts, Fetch.ai could hit $10 before the end of 2024—a potential bull market. Hence, to better position yourself for significant gains and avoid FOMO (fear of missing out) later on, it might be worth adding FET to your portfolio now.

    Conclusion

    The crypto market is abuzz, and investor interest has been renewed following Bitcoin’s new ATH. At the same time, Fetch.ai has regained momentum, recently creating a peak. 

    Sharing the spotlight is InQubeta, which is exploding in its presale, you can ape into the presale ahead of its launch by visiting the InQubeta Presale or joining the InQubeta Communities for updates.

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  • Bitcoin hits a new all-time high at $69,170: Will altcoins follow suit?

    Bitcoin hits a new all-time high at $69,170: Will altcoins follow suit?

    Key takeaways

    • Bitcoin reached a new all-time high price of $69,170 on Tuesday and altcoins could follow soon.

    • AltSignals’ ASI token is up by 17% in the last 24 hours and could rally higher soon

    Bitcoin sets a new all-time high

    Bitcoin, the world’s leading cryptocurrency by market cap, has set a new all-time high following its rally on Tuesday. BTC traded at an all-time high price of $69,170, its highest level since November 2021. 

    BTC experienced a flash crash following the new record to the $62k region. However, it has recovered and is now closing in on its all-time high price again. At press time, the price of Bitcoin stands at $67,459 per coin. BTC continues to rally ahead of the upcoming Bitcoin halving event. 

    AltSignals’ adoption continues as it gets listed on CoinGecko

    AltSignals continues to gain more adoption in the market weeks after ending its presale. The project is already benefiting from the ongoing Bull Run and could soar higher in the medium to long term.

    A few hours ago, AltSignals was listed on CoinGecko, one of the leading cryptocurrency data websites in the world. This means it is now easy to track ASI’s price, allowing investors to make informed decisions. 

    Following the conclusion of its presale, AltSignals is using the funds raised to develop products for its users. AltSignals is leveraging AI and blockchain technology to ease crypto trading and, in the process, help onboard more traders to the market. 

    What is AltSignals?

    AltSignals is a Web3 project that aims to gain adoption beyond the crypto space. The project provides services to traders in the crypto market and beyond. According to their whitepaper, AltSignals intends to make it easier for traders to have access to trading signals and other resources that would boost their trading strategies. 

    The project raised $1.8 million in its presale and is channelling most of the funds towards developing ActualizeAI, an AI solution that will make it easier for people to trade cryptocurrencies and other financial assets. 

    ActualizeAI will work 24/7, generating trading signals and helping traders to boost their strategies. Furthermore, ActualizeAI helps eliminate some of the obstacles traders face in the market. 

    AltSignals will be leveraging several technologies including blockchain, AI, natural language processing, machine learning, regression, and predictive modelling, to enhance its services. 

    AltSignal’s ASI surges by 17% 

    The cryptocurrency market has been bullish over the last few weeks and ASI has also been rallying. In the last 24 hours, ASI is up by 17% and is currently trading at $0.00493 per coin. 

    With the right level of adoption, AltSignals’ ASI token could be one of the gems of this bullish cycle. ASI is already live on the Uniswap platform and will become available on other decentralised and centralised crypto exchanges in the coming months. 

    Should I buy ASI now?

    AltSignals’ ASI token is up by more than 20% over the last seven days but still has room for growth.  Its token is already live on Uniswap and will also launch on a few other DEX and CEX in the coming weeks and months. 

    Those who missed out on the presale can still purchase ASI at a discount as the coin’s value remains low. However, with the right level of adoption and listing on multiple exchanges, ASI’s value could soar higher in the coming months and years. 

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  • Bitcoin hits $63k as Memeinator’s stage 16 presale nears completion

    Bitcoin hits $63k as Memeinator’s stage 16 presale nears completion

    Key takeaways

    Bitcoin approaches its all-time high price

    Bitcoin, the world’s leading digital currency by market cap, has performed excellently since the start of the week. It is up by 22% during that period, outperforming other major cryptocurrencies. 

    BTC hit the $63,700 mark on Wednesday, its highest level since December 2021. At press time, the price of Bitcoin stands at $62,969, up by 10% in the last 24 hours. It is now getting closer to its all-time high price of $69k.

    What is Memeinator?

    Memeinator is a meme Web3 project that is still in its presale stage. The project seeks to provide service to content creators who use memes. 

    According to the whitepaper on the official Memeinator website, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space. What makes it an interesting project is the value proposition it offers to investors and content creators.

    The project launching as a meme coin is because the team intends to leverage the recent growth in trading volume and popularity of meme coins. The team wants Memeinator to reach a market cap of $1 billion, which would make it one of the leading meme coins in the crypto space. 

    What makes Memeinator interesting is that it offers real-world utility to users, unlike most of the meme coins available. The primary function of the Memeinator tool is to destroy worthless memes on the internet, allowing users to have access to only quality memes. This ensures that Memeinator provides utility to the users and incentives to the token holders. 

    Memeinator presale raises over $5.2 million

    The Memeinator presale is currently in its 16th stage and has already crossed an important milestone. The project has raised more than $5.2 million and is close to the $5.4 million target set for this current stage. 

    The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0233. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing. 

    It is easy to purchase the MMTR tokens as investors can do so using ETH, USDT and USDC stablecoins. According to the team, the MMTR token will only be available on the BNBChain and Ethereum networks once it starts trading on crypto exchanges. However, the team intends to launch the token on other blockchains as it seeks to reach a wider audience. 

    Click here to read more about the Memeinator presale.

    Should you buy MMTR before the presale ends? 

    The Memeinator presale is drawing closer to its end as the team has sold more than 70% of the total tokens earmarked for ICO. according to the team, there are only 172,413,793 tokens left for the presale.

    The Memeinator presale is selling fast thanks to the unique value proposition the project offers to investors. This tool appeals to content creators as it allows them to eliminate worthless memes. MMTR will power various activities within the ecosystem. 

    Per the team, most of the funds raised from the presale round would go towards developing the Memeinator AI technology. This technology will see Memeinator leverage AI to analyze and evaluate memes on the internet. 

    In addition to that, the MMTR token comes with some excellent features, including deflationary mechanisms and rewards for holders. The tokenomics show that 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

    The project offers a unique value proposition to users and could become one of the leading meme coins in the crypto space with the right level of adoption. 

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  • Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon?

    Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon?

    Key takeaways

    • BTC rallied by nearly 10% on Monday to reach the $56k level for the first time since November 2021.

    • Bitcoin Dogs’ presale is officially closing in on the $5 million milestone.

    Bitcoin eyes the $60k resistance level after hitting $56k

    The cryptocurrency market began the week bullishly, with Bitcoin adding nearly 10% to its value on Monday. Thanks to its rally, BTC reached $56,740, its highest level since November 2021. 

    At press time, the price of Bitcoin stands at $55,850, up by more than 8% in the last 24 hours. Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.1 trillion mark for the first time in over two years.

    The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $60k if the bulls remain in control. 

    What is Bitcoin Dogs?

    With Bitcoin rallying, it is not surprising that other Bitcoin-related projects are also experiencing positive performances. One such project is Bitcoin Dogs. 

    Bitcoin Dogs is a unique project that is launching on the Bitcoin network and is seeking to leverage the blockchain’s power to provide utility to its users. It is the first BRC-20 token ICO on the Bitcoin network.

    According to their whitepaper, Bitcoin Dogs seeks to offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. With this, investors and users will enjoy an immersive experience when they engage with the Bitcoin Dogs project.

    Bitcoin Dogs’ ICO comes barely a few weeks after the launch of spot Bitcoin ETFs in the US. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers as more investors buy into the Bitcoin dream. On Monday, Bitcoin spot ETF trading volume reached a new height of $2.4 billion. 

    Furthermore, the Bitcoin halving is barely two months away and is an exciting event that happens every four years. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

    Usually, most presales in the crypto market have been ERC-20 and BNB tokens. However, Bitcoin Dogs is setting a new trend by introducing $0DOG, its native token, as a novel BRC-20 ICO for investors on the Bitcoin blockchain. 

    Bitcoin Dogs presale approaches $5m

    The Bitcoin Dogs presale has already raised more than $4.8 million roughly three weeks after it was launched. Thus, indicating rising interest amongst investors for this project and its token. 

    Per the whitepaper, there would be 900 million $0DOG 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 team revealed that the presale will only run for a month and is already leveraging the rarity and novelty of BRC-20 to attract investors.

    While the tokens will be minted on BRC-20, investors will buy the tokens on ERC-20. They will provide a BTC wallet address and 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 as BTC rallies higher?

    The cryptocurrency market has been bullish since the start of the year and BTC is taking the lead. Investors are already looking for new and exciting projects and Bitcoin Dogs could be one of the projects that is attracting interest. 

    Bitcoin is rallying at the moment and projects related to BTC could record massive gains in the coming months and years. With the right level of adoption, $0DOG could become one of the gems of this Bull Run. 

    The post Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon? appeared first on CoinJournal.

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  • Bitcoin hits $54,900 as BlackRock’s IBIT trades $1B

    Bitcoin hits $54,900 as BlackRock’s IBIT trades $1B

    • Bitcoin hits $54,900 for first time since 2021 as BlackRock’s IBIT trades $1 billion shares.
    • BTC price is rising amid analyst predictions for a halving explosion.

    Bitcoin is eyeing a pre-halving breakout as its price jumped above $54,900 for the first time since early December 2021.

    On crypto exchange Coinbase, Bitcoin price reached highs of $54,980. The more than 6% gains pushed the benchmark cryptocurrency’s market cap to over $1.06 trillion.

    BTC breaks above $54k as IBIT trades $1 billion ETF shares

    In the ETF market, BlackRock’s iShares Bitcoin Trust ($IBIT) traded over $1 billion and analysts are saying the momentum is set to fuel further gains for BTC price. Bloomberg ETF analyst shared that the performance ranked $IBIT 11th amongst all ETFs.

    “MILESTONE $IBIT has traded $1b worth of shares today so far.. which ranks it 11th among all ETFs (Top 0.3%) and Top 25 among stocks. Insane number for newbie ETF (esp one w ten competitors). $1b/day is big boy level volume, enough for (even big) institutional consideration,” Balchunas posted on X.

    According to entrepreneur and investor Anthony Pompliano, “Bitcoin is a runaway train with no brakes for as long as ETF inflows dwarf the bitcoin produced by the network.”

    With the Bitcoin halving coming up, this number of BTC mined will be halved, creating a supply shock that could catapult BTC price to prices very few imagined a few years back.

    With the countdown to Bitcoin halving roughly 52 days out, the breakout performance for BTC on Monday has the market buzzing.

    Earlier in the day, Bitcoin price broke above $53k as MicroStrategy announced it had acquired an additional 3,000 BTC. Purchased for $155 million, the fresh buy saw the company’s Bitcoin portfolio hit 193,000 BTC.

    Michael Saylor revealed that the company bought bitcoin at the average price of $51,813.

    Bitcoin traded around $54,331 at 3.30 pm ET on Monday.

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  • $115M Liquidated in 1 Hour as Crypto Market Plunges; $GFOX Presale Hits New All-Time High

    $115M Liquidated in 1 Hour as Crypto Market Plunges; $GFOX Presale Hits New All-Time High

    The crypto market hasn’t had the best start to 2024. This has affected many altcoins, and investors are confused about the best cryptos to invest in. Reports show that the market experienced $115m liquidation in an hour, further decreasing the market’s total value. However, some altcoins still show positive prospects amidst this challenging period. 

    Experts believe they may improve holders’ portfolios in the long run. Galaxy Fox is one of these altcoins. The new meme coin presale keeps progressing regardless of the market state. $GFOX recently hit a new high, sending optimism to existing adopters. New investors now scramble to join the meme coin’s presale. 

    Galaxy Fox: Profit-yielding ICO Amidst Crypto Market Plunge 

    Galaxy Fox is a trending presale meme coin with excellent prospects. The new token is gradually becoming prominent, with investors seeing it as one of the best cryptos to invest in currently. 

    $GFOX aims to be a market success. It will achieve this by entering the crypto landscape with features and functionalities that position it for top performance. The fox-themed meme coin will have P2E functionality while maintaining its meme culture. 

    Galaxy Fox could be amongst the few successful crypto projects to combine meme and P2E functionalities. The meme coin’s own will be different because of strong community backing, developers’ dedication, and utility beyond its ecosystem. $GFOX thrive won’t be localized. Instead, it will spread across web3 space, making it a significant token to every stakeholder in the space. 

    The Galaxy Fox’s ecosystem P2E mechanics will see $GFOX rival top gaming tokens like MANA, AXS, SAND, and GALA. $GFOX aims for a better performance than these tokens had in the previous year, and it looks set to achieve it. Despite the crypto market plunge, analysts believe the GameFi sector will improve drastically this year. Hence, the prediction that $GFOX could be the next P2E sensation is seemingly likely. 

    $GFOX facilitates the P2E game in its ecosystem. It’s used to purchase boosters and NFTs to improve gameplay and serve as a reward for top performers. Ecosystem members can also earn passive income by staking $GFOX token. Outside of its ecosystem, $GFOX is expected to be a payment option, a reward, and a token of value. The booming meme coin is deflationary, meaning that it will experience periodic token reduction. This will contribute to $GFOX value appreciation. 

    $GFOX initial coin offering (ICO) is among the best currently, yielding over $2.7 million. It is set to hit a $3 million high soon and could end above $7 million. The exciting thing about the ICO is the value of the $GFOX presale token. 

    The value is currently at a considerably low point, but has a high possibility of skyrocketing when it enters the retail phase. However, the periodic increase in this value indicates that the profit margin may keep reducing with every delay. Investors are urged to be proactive. 

    Celestia ($TIA): Another Altcoin Weathering Current Market Storm

    $TIA is another cryptocurrency that can help investors escape the effect of this liquidation. The altcoin has been impressive, with over 20% return in the past week. While its recent run has been on a downtrend, analysts believe it’s still one of the best cryptos to invest in at the moment. 

    The price of $TIA set a $20.26 all-time high a few days ago and hopes to return to the price level and beyond soon. The cryptocurrency is hovering around $19.00-$20.00 price point, with current support around $18.20. 

    Experts believe that $TIA is another option that can help investors get through this plunge. The crypto displays high profitability and strong resistance to the bear pressure. $TIA is expected to gain momentum again, and investors can have something to cheer about when it does. A finish above $50 by year-end looks possible, according to analysis by keen observers. 

    Conclusion 

    The crypto market liquidation is clearly having negative effects on the market. With many altcoins declining over the past few days, the buzzing $GFOX presale and $TIA look like the best cryptos to invest in now. Galaxy Fox presale presents an excellent profit-making opportunity amidst this market uncertainty, and smart investors are well-positioned to take full advantage.

    Learn more about $GFOX here:

    Visit Galaxy Fox Presale | Join the Community

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  • Injective (INJ) 2024 price prediction after 3000% rise in 2023 as Pullix’s presale hits $1.2M

    Injective (INJ) 2024 price prediction after 3000% rise in 2023 as Pullix’s presale hits $1.2M

    • Injective (INJ) hits ATH at $43 after a 3000% in 2023.
    • Pullix disrupts DeFi with $1.2M raised, $0.044 per PLX, and a unique hybrid approach.
    • INJ’s AI integration and Pullix’s innovative DeFi platform signal a transformative 2024.

    The recent Injective (INJ) price surge to $43 has captivated the crypto community. With a 3000% increase in 2023, this AI finance blockchain token is demonstrating robust momentum. While Bitcoin traded sideways, INJ defied market trends, securing a weekly gain of nearly 64%.

    While all eyes are on the future trajectory of INJ and the factors fueling its impressive rally, another crypto project Pullix, which is currently in the presale stage, is making waves for its revolutionary online trading model.

    Injective’s phenomenal price surge

    Injective (INJ) has been a standout performer in the cryptocurrency market, and its recent surge to $43 marks a significant milestone. With a staggering 3000% rise over the last 12 months, the AI finance blockchain has not only caught the attention of seasoned investors but also dominated social media discussions.

    Injective price chart

     

    The weekly gains of nearly 64% showcase the resilience of INJ, especially when compared to Bitcoin’s sideways movement.

    Injective price prediction

    The surge in INJ prices is not merely a short-term phenomenon. Market analysts are optimistic about its future trajectory, with the unique AI integration and a robust blockchain foundation contributing to sustained growth.

    Considering the negative correlation with Bitcoin and the ongoing buzz around AI technologies, Injective’s potential to maintain its upward trajectory remains strong. Rekt Capital has forecast that a new macro uptrend could begin once the 500-day macro downtrend, which INJ entered after hitting its new ATH, ends.

    Pullix: bridging the gap with a unique DeFi approach

    As Injective captures the limelight, another player is making waves in the decentralized finance (DeFi) space. Pullix, the new hybrid trading and investment exchange, is on the brink of disrupting traditional norms.

    With its ongoing presale, Pullix has already raised a substantial $1,201,770. The presale price of $0.044 per PLX token has attracted significant attention, and with 14.2% already sold, the countdown to the next price increase adds an element of urgency.

    What sets Pullix apart is its unique approach to bridging the gap between centralized and decentralized exchanges. Users are offered the best of both worlds, addressing the liquidity problem in DeFi that has long hindered decentralized exchanges. Pullix’s commitment to user security, a non-custodial approach, and a focus on liquidity provision distinguish it in a crowded market.

    Pullix’s ecosystem is designed with the user in mind. From institutional trading tools powered by OpenAI to perpetual futures, CFDs, and a secure vault for cryptocurrency storage, Pullix offers a comprehensive suite of features. The platform’s decentralized, off-chain order book ensures speed advantages comparable to conventional centralized exchanges. Moreover, the innovative PLX token, offering “Trade-to-Earn” benefits, has garnered attention for its revenue-sharing mechanism.

    The PLX token serves as the currency for traders on the platform, providing exclusive access, staking opportunities, and serving as a vehicle for rewards and exchangeability. The tokenomics are meticulously crafted to promote utility, sustainability, and mutual benefits for all stakeholders. The transparent allocation of tokens, including presale distribution and incentives for staking, adds to the appeal.

    Conclusion

    Injective’s remarkable surge and Pullix’s innovative approach position both projects for a promising future in 2024. As INJ continues to capture market attention with its unique AI integration, Pullix’s ongoing presale and feature-rich platform make it a contender for reshaping the landscape of decentralized finance.

    The crypto space is witnessing dynamic shifts, and the synergy between cutting-edge technologies and user-friendly platforms is propelling the industry toward a more democratized and efficient financial future.

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  • Injective (INJ) price hits new ATH: What’s the catalyst?

    Injective (INJ) price hits new ATH: What’s the catalyst?

    • INJ soars to a new all-time high above $27, up 66% in two weeks and over $1,500% in the past year.
    • What’s driving the Injective price higher? Catalysts include upcoming network upgrade, weekly token burn and Helix DEX activity.

    The injective (INJ) token is one of the standout performers in the past week, rising more than 60% as its price broke above $20. 

    On December 12, the INJ price shot to highs of $27 across major crypto exchanges, touching a new all-time high as major altcoins looked to recoup losses seen on Monday.

    As Injective looks for continued upside, one of the questions to ask is what has driven this token to its new ATH. Is this rally therefore likely to be sustainable, or will bears spoil the bulls’ Christmas party?

    Why is Injective price surging?

    The last 30 days have seen the price of Injective’s native token surge by more than 55%, while the steady upswing since the lows reached in December 2022 has included a parabolic rise of 1,570%. In recent weeks, positive ecosystem news have combined with the broader bullish sentiment to send INJ higher.

    One of the catalysts this past few days has been Injective’s weekly token burn. The latest of these saw over $65,000 worth of INJ burned, permanently removing them from circulation.

    Amid the burn auction, Injective has also witnessed a significant spike in total INJ staked. According to on-chain data, over $1 billion worth of the token has so far been staked.

    This outlook has put pressure on Injective rising ahead of a recently announced upgrade dubbed Volan. According to the Injective team, this is going to be the largest mainnet upgrade in the layer-1 blockchain’s history.

    Injective teased the Volan upgrade on November 30, and INJ price has skyrocketed more than 66% in the two weeks since. Network activity around Injective-based decentralized exchange (DEX) Helix has also contributed to the upward trajectory.

    INJ price outlook

    As INJ pares some of the intraday gains to trade around $26 at the time of writing, a bullish continuation could see buyer eye price beyond $30. A bearish flip amid broader market retreat could inform the potential slip to support in the $20-$18 range.

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