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  • 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.

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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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  • Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

    Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

    • SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues.
    • Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx.
    • Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement.

    Just when everyone thought that 2024 had seen the most after the recent spot Bitocin ETFs approval by the US SEC, excitement is rippling through the crypto community again as Nasdaq and Cboe gear up for Bitcoin ETF options trading. The two have already filed applications with the SEC and the regulatory authority has recognized the applications.

    Simultaneously, Pullix, a hybrid trading platform is promising a new era in decentralized finance.

    Nasdaq and Cboe Bitcoin ETF Options trading move

    In a screenshot posted on X by James Seyffart, the SEC has already acknowledged the 19b-4s requesting the ability to trade options on spot Bitcoin ETFs.

    Nasdaq’s proposal centres around listing options for BlackRock’s iShares Bitcoin Trust, while Cboe aims to trade options on exchange-traded products (ETPs) holding Bitcoin. Notably, Cboe’s prominent role in launching six of the SEC-approved spot BTC ETFs positions it as a key player in shaping the crypto market.

    With positive market responses and efficient tracking of Bitcoin’s price since ETF trading initiation on January 11, options trading is considered the “next logical step,” offering enhanced utility and risk management for investors.

    Options trading in BTC ETFs, as proposed by Nasdaq, is hailed for bringing cost efficiencies and advanced hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified timeframe, enhancing utility for a broader investor base, including traditional finance sectors.

    Analyst Dave Nadig from VettaFi in an interview with CNBC predicted that the introduction of BTC ETF options will attract hedge fund players, fostering increased speculation and diversified investment approaches in the crypto market.

    The regulatory waiting game is on, with options approval potentially by the end of February, pending SEC decisions and a 21-day public comment period.

    Pullix: unveiling Trade-to-Earn model 

    Amidst the crypto fervour surrounding Biotin ETFs, The upcoming Pullix trading platform takes centre stage with its innovative model. Pullix introduces a unique “Trade-to-Earn” concept, allowing users holding its native token, the PLX, to earn instant rewards for trading on the platform.

    The PLX token’s main USP lies in its revenue-sharing mechanism, enabling holders to profit from the daily revenues generated by the trading exchange. This game-changing approach combines active trading with a guaranteed fixed income, setting Pullix apart in the rapidly evolving crypto space.

    The token is currently in its sixth presale stage and is already showing signs of massive support from crypto enthusiasts. At press time, the presale had raised close to $4 million with only five stages sold out.

    To participate in the presale and acquire the PLX token ahead of the Pullix platform launch, which is scheduled for before the end of January, you can visit the official Pullix Website.

    Conclusion

    As the crypto market witnesses a transformative phase with Nasdaq and Cboe expediting options trading on Bitcoin ETFs, Pullix’s PLX presale adds another layer of excitement, introducing a “Trade-to-Earn” model that could redefine user engagement in decentralized finance.

    Investors and enthusiasts alike are closely watching these developments, eagerly anticipating the impact on investment strategies and the broader adoption of cryptocurrencies. The convergence of innovative trading platforms and tokenomics marks a significant chapter in the evolving narrative of digital assets.

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  • SHIB burn rate soars, PEPE market cap nears $500M, as Memeinator token presale thrives

    SHIB burn rate soars, PEPE market cap nears $500M, as Memeinator token presale thrives

    • Shiba Inu has removed over 260 million tokens in the past 24 hours.
    • PEPE Coin’s market cap approaches $500 million.
    • Memeinator’s MMTR token presale gains traction, featuring regular price increases.

    There have been significant developments in the world of meme coins with Shiba Inu (SHIB) witnessing a remarkable surge in burn rate, PEPE Market Cap approaching $500 million, and Memeinator’s MMTR token gaining momentum during its presale.

    In this article, we delve into the latest occurrences surrounding Shiba Inu (SHIB), PEPE Coin, and the Memeinator (MMTR) token.

    SHIB burn rate skyrockets by 20,000%

    The Shiba Inu (SHIB) community is abuzz with the recent surge in token burn rate. According to data on the Shibburn website, SHIB’s burn rate skyrocketed by a staggering 20,000%, resulting in the removal of over 260 million tokens in the past 24 hours.

    This record-breaking burn rate, unseen in the last two months, underscores the commitment to reducing the token supply.

    However, despite the remarkable burn rate, SHIB’s price has yet to reflect substantial gains, currently consolidating with a 5% decrease on a weekly basis.

    PEPE market cap approaches $500 Million

    In a separate development, Pepe Coin (PEPE) has surged back into the limelight, with its market cap approaching a formidable $500 million. Following a downtrend, PEPE witnessed a remarkable revival in October 2023, doubling its market capitalization. At press time, the meme coin’s market cap was $458,176,826 according to data from Coinmarketcap.

    The coin’s unique features, including a deflationary mechanism and redistribution system, contribute to its appeal.

    As PEPE continues to attract attention, experts speculate on potential future price increases, with the advancement of the Shibarium layer-2 blockchain solution considered a key factor.

    Memeinator MMTR token presale thrives

    Meanwhile, the Memeinator project is making waves with its MMTR token presale. Leveraging cutting-edge technology, AI insights, and a mission to eliminate subpar memes, Memeinator aims to be the ultimate meme coin.

    During its presale, MMTR token prices are experiencing regular increases every few hours, contributing to the token’s momentum. The project also introduces innovative products like the Memescanner and the Memeinator game, adding utility beyond the meme trading space.

    For those eager to participate in the Memeinator MMTR token presale, the process is straightforward; connect your wallet, select a payment method from available networks, such as Ethereum or Binance Smart Chain, or use a card for payment, and buy your MMTR.

    Those who purchase the MMTR tokens during the presale can claim their tokens at the end of the presale using the same wallet used for the purchase. Details for the collection will be communicated closer to the end of the presale in Q4 2023.

    Adding to the rising MMTR price, Memeinator regularly runs competitions that are open to anyone, including flagship competitions for MMTR token holders. For more information about Memeinator and its presale, visit the official website here.

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  • Bitcoin could head to $27k as Chancer’s presale nears $2M

    Bitcoin could head to $27k as Chancer’s presale nears $2M

    Key takeaways

    • Bitcoin has settled above the $26k level and could be heading towards the $27k resistance level soon.

    • Chancer’s stage two presale is now closing in on the $2 million mark.

    The cryptocurrency market is having a positive week so far. The prices of most cryptocurrencies are up by 2% since the start of the week and could record further gains in the near term.

    Chancer’s presale continues to break new records and is now closing in on the $2 million mark.

    Bitcoin eyes the $27k resistance level

    Bitcoin, the world’s largest cryptocurrency by market cap, is having a positive week so far. BTC has added more than 2% to its value over the past few days. At press time, the price of Bitcoin stands at $26,283.

    The positive performance comes despite FTX gaining approval to sell its crypto assets and the rising inflation levels in the United States. Bitcoin’s positive performance also saw some altcoins like Solana and Toncoin rally higher over the past few days. 

    What is Chancer?

    The broader crypto market has performed well so far this week, and this has been reflected in some projects still in their presale. Chancer is one of the projects that is breaking records with its presale.

    Chancer is a Web3 project designed to decentralise the betting ecosystem. The project seeks to build a web3 peer-to-peer (P2P) custom betting platform that allows users to place bets on a wide range of events, including custom-made ones. According to their whitepaper, bets on the platform can be live-streamed to ensure transparency. 

    The team explained that Chancer will be a decentralised online gaming platform and will improve the current services offered by traditional sports and casino betting platforms. On Chancer, there would be no restrictions on events users can bet on. Chancer users can bet on any event, even ones they make up themselves. 

    The project is currently in its presale and has raised a significant amount so far. The funds generated from the various presale rounds would be used in building Chancer’s decentralised P2P betting platform. 

    The platform is expected to have exciting features, including betting markets in real time and based on user interests, social media connections, and expertise. In addition to that, Chancer users can launch custom P2P betting markets, allowing other users to bet on their events and games. 

    Chancer’s second presale closes in on $2 million

    Chancer seeks to raise $2.5 million from its second presale stage. At the moment, the project has raised $1.951 million in this stage and is slowly closing in on the $2 million mark. 

    According to the Chancer team, there would be 12 presale events, with a combined target of $15 million. In this second stage, CHANCER, the native token of the ecosystem, is going for $0.011 per token, with the price set to increase to $0.012 in the third presale round.

    The CHANCER token would power the Chancer ecosystem, allowing users to carry out a wide range of activities. Token holders can create custom P2P betting events on the platform and can also bet on markets created by others. 

    At the moment, CHANCER is not available on cryptocurrency exchanges. The token can be purchased via the official Chancer website. To purchase the CHANCER token, simply connect any supported wallets to the presale link. Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow are some supported wallets. 

    Visit the Chancer website to get more information about the presale. 

    Should you buy CHANCER tokens at this stage?

    Chancer is in its stage two presale, and this could be an excellent time to invest in the project. The token is going for $0.011, and its price would increase to $0.012 in the third presale stage.

    Historically, the best time to invest in Web3 projects is during their presale. During the presale stage, the tokens can only be purchased by a limited number of investors, and their prices are usually low. 

    With the right level of adoption, Chancer could become an exciting Web project. Decentralising the betting ecosystem could be a big win for the Chancer team in the medium to long term. 

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  • Shiba Inu (SHIB/USD) nears a demand zone

    Shiba Inu (SHIB/USD) nears a demand zone

    • Shiba Inu recovered 1.21% on Monday after a bearish move

    • The developers teased a “countdown,” as some fans speculate the Shibarium update

    • SHIB could touch the June lows next

    Shiba Inu (SHIB/USD) gained 1.21% on Monday to trade at $0.0000087. The token is slightly recovering from a bottom price of $0.0000080 over the weekend. This is an important zone for SHIB, or rather, the cryptocurrency could touch a demand zone that was crucial to bulls in the past.

    A historical price movement of SHIB shows that $0.0000072 is a potential demand zone for SHIB. At the height of a bear market earlier this year, SHIB settled at this zone in June before embarking on a strong recovery. The gains took SHIB to a high of $0.0000179 in August before another bear cycle followed. Amid the intraday gains, this is the next level to watch for SHIB.

    Meanwhile, the Shiba Inu community is guessing about the Shibarium beta test. This was after a weekend tweet teased users with a “special countdown.” The countdown was still running down at 7 hours and 48 minutes as of press time. It is unclear what this countdown is all about, but users started to speculate on the Shibarium update. Others quashed it as a distraction to unimportant partnerships and hire.

    As the “countdown” unfolds, Shiba Inu fans will keep their hands crossed that something important will pop up. Probably, this could coincide with reports that SHIB is alongside BTC and ETH, the most watched cryptocurrencies on Binance. But technical indicators show a potential further slump.

    SHIB recovers slightly from an oversold level near the June lows

    SHIB/USD Chart by TradingView

    On the daily chart, SHIB is on a slight upside after touching a level slightly above the June lows of $0.0000072. The trend is still bearish, and a potential decline to June’s bottom could be on the card. The RSI reading is still below the midpoint, signalling a bear control.

    When will SHIB become bullish?

    The $0.0000072 could attract buyers again if bulls fail to capitalise on the current SHIB price recovery. This is the level to watch for bullish reversal signals.

    Where to buy SHIB

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy SHIB with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy SHIB with Bitstamp today

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  • Solana SOL/USD nears a single-digit price. Here is the price action and what you need to know

    Solana SOL/USD nears a single-digit price. Here is the price action and what you need to know

    Anyone would have thought Solana SOL/USD would trade at a double-digit price, let alone a single-digit one? Unfortunately, that is the reality for the lovers of the once promising cryptocurrency labelled the Ethereum killer. Having hit a high of over $265 in November 2021, the SOL was touted as the next token to reach $1,000. It now trades at a mere $11, exactly one year since its all-time high. The cryptocurrency is yet to find a bottom, with technical indicators pointing to a price below $10.

    While a bear sentiment is to blame for the significant SOL decline, recent woes reflect exposure to collapsed FTX. As CoinJournal reported, Alameda Research has significant holdings of SOL tokens. The exposure has seen Coin Bureau host “Guy” warning his 2.17 million subscribers on YouTube about SOL price.

    The analyst expects the price of SOL to come under further pressure and fall a further 40%. He says that the token will suffer when FTX and Alameda dispose of their holdings in Solana to pay off creditors and other users. He further notes that the SOL situation could be worse, with the cryptocurrencies showing they are yet to bottom. The analyst is projecting an $8 SOL price. A technical outlook shows we could see an even lower price level for the cryptocurrency.

    SOL crashing below an inside-bar pattern is a bear indicator

    SOL/USD Chart by TradingView

    A technical outlook shows SOL bulls losing the battle at $12. The MACD indicator has pushed further into the bear zone. The indicator shows an increasing bear momentum.

    Besides, SOL is initiating a bearish breakout from an inside bar pattern. Once confirmed, by the close of the daily candlestick, we should be ready to embrace a lower SOL price.

    What next for SOL?

    With weak momentum and a bearish inside bar breakout, SOL could likely head to a single-digit price. There is a potential 50% drop to the next likely support at $5. The level coincided with the start of bullish momentum in February 2021.

    Where to buy SOL    

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy SOL with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy SOL with Binance today

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  • Crypto Price Today Live: Bitcoin nears $21K; Shiba Inu & Dogecoin rally up to 15%

    Crypto Price Today Live: Bitcoin nears $21K; Shiba Inu & Dogecoin rally up to 15%

    New Delhi: Crypto market continued to gain on Thursday despite muted earnings from the tech sector. Bitcoin marched towards $21,000 levels, whereas the total market cap of crypto space topped the $1 trillion mark again.
    Most major altcoins were in the green, with a stellar buying interest in the popular meme coins. All eyes were set on the US Fed’s monetary policy meeting, scheduled next week.

    Barring the polygon and the US dollar-pegged Tether, all other top crypto tokens were trading higher. Dogecoin zoomed 15
    %, Shiba Inu was up by over 6% and Ethereum jumped 4%

    The global cryptocurrency market cap hit the $1 trillion mark, after rising up to 3% in the last 24 hours. However, the total trading volume jumped as much as 13% to $102.4 billion.


    Expert take
    Extending the Buoyancy, the global market cap touched $1 trillion after almost a month. The top two cryptos – Bitcoin and Ethereum- also saw some renewed interest, said Prashant Kumar, CEO and Founder, weTrade.
    “Positive momentum around the appointment of UK prime minister Rishi Sunak, global markets along with a hope of a reduced interest rate hike in the US Federal Reserve market next week all played a role,” he added.

    Tech View by Giottus Crypto Platform
    Ethereum (ETH) has turned bullish on the lower time frames. Much of this move can be attributed to the broader market sentiment turning positive after Bitcoin broke through a year-long resistance. ETH has taken this opportunity to rise more than 30% from its recent bottom.
    ETH still needs more confirmations on the higher time frame charts to establish an uptrend. While it has been trading well above its 50-day moving average of $1,380, it will need to clear resistance at $1,700 (its .618 fibonacci retracement between August and now) to continue moving up. Slightly above this at $1,800, it will be able to register a higher high and signal a clear market structure change. Those looking to open long positions may want to therefore adopt a wait and watch approach.

    Chart-ETH (8)ETMarkets.com

    For those with a bullish bias looking to enter, support at $1,500 and $1,440 can offer good opportunities to engage in some buys on dips, the experts suggested. With its daily RSI hitting 70, a minor correction can be reasonably expected in the coming days, or at the very least – some sideways consolidation, they added.

    Global Updates
    Google reported its softest advertising growth in nine years, with company management taking note of softer crypto ad spending as contributing to the weak numbers.

    The decentralized autonomous organization (DAO) behind crypto exchange SushiSwap has approved a legal structuring by an overwhelming majority.

    The flagship crypto fund for venture-capital firm Andreessen Horowitz’s, which is also known as a16z, has cratered by more than 40 per cent in the first half of this year, the Wall Street Journal reported, citing people familiar with the matter.

    The UK National Police Chiefs’ Council (NPCC) has stationed crypto tactical advisers in police departments nationwide to help investigate and seize digital assets tied to crime.

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