bitcoinlfg

Tag: Stacks

  • Bitflow brings AI-powered DeFi to Stacks with Automated DCA for Bitcoin and Runes

    Bitflow brings AI-powered DeFi to Stacks with Automated DCA for Bitcoin and Runes

    Bitflow brings AI-powered DeFi to Stacks with Automated DCA for Bitcoin and Runes

    • Bitflow launches Automated Dollar-Cost Averaging (DCA) for Bitcoin and Runes investments on Stacks.
    • The AI-powered DCA enables trustless, recurring investments.
    • Future plans include adding yield strategies and cross-layer flows.

    Bitflow, a decentralized exchange built on the Stacks ecosystem, has unveiled Automated Dollar-Cost Averaging (DCA), a groundbreaking feature that introduces AI-driven investment strategies to Bitcoin and its associated assets.

    The automated DCA allows users to automate recurring purchases of Bitcoin (BTC), stablecoins, Stacks’ native STX token, sBTC, and popular Runes tokens like $DOG, all while retaining complete control over their funds.

    Designed to simplify and enhance participation in the growing Bitcoin-native economy, Bitflow’s latest offering marks a significant milestone in decentralized finance (DeFi) on the Stacks Layer 2 network.

    Simplifying Bitcoin DeFi investment with automation

    At the heart of the Automated Dollar-Cost Averaging (DCA) is Bitflow Keepers, an intelligent automation engine that powers the DCA feature. This technology enables trustless, recurring transactions without requiring users to time the market or execute trades manually.

    By supporting a wide range of assets, including SIP-10 tokens and the memecoin sensation $DOG (DOG•GO•TO•THE•MOON), Bitflow ensures that users can diversify their portfolios seamlessly.

    For the first time, DeFi enthusiasts on Stacks can program their investment strategies, transforming Bitcoin into a dynamic, yield-generating asset.

    Particularly, Bitflow’s non-custodial design keeps transactions fully onchain, providing transparency and security while eliminating dependence on third-party intermediaries.

    Dylan Floyd, Bitflow’s Co-Founder and Lead Developer, emphasized the transformative potential of this feature, noting that Bitcoin DeFi is entering a new era of automation, where users can harness advanced tools to grow their holdings efficiently.

    Notably, the Automated DCA feature is the first step in a roadmap aimed at integrating AI-driven automation into DeFi. Upcoming enhancements will include automated yield farming strategies, enabling users to optimize returns on BTC-based assets without constant oversight.

    Plans are also in place for market-triggered swaps, which will allow traders to set conditions for executing transactions based on price movements or volatility, adding a layer of sophistication to Bitcoin trading.

    Additionally, Bitflow intends to improve liquidity by facilitating seamless asset transfers between Bitcoin’s Layer 1 and Stacks’ Layer 2, bridging the gap between the two ecosystems.

    This ambitious agenda underscores Bitflow’s role as a pioneer in the Stacks ecosystem, where it serves as a liquidity hub for trading Bitcoin assets.

    By incorporating Runes and SIP-10 tokens into its decentralized exchange, Bitflow is broadening the scope of Bitcoin-native finance, appealing to both seasoned traders and newcomers looking for efficient ways to engage with the market.

    Share this article
    Categories
    Tags

    Source link

  • Stacks (STX) prepares for Nakamoto upgrade: here’s what to expect

    Stacks (STX) prepares for Nakamoto upgrade: here’s what to expect

    Stacks (STX) prepares for Nakamoto upgrade: here’s what to expect

    Stacks, the largest Bitcoin layer-2 network, is on the verge of a transformative upgrade known as Nakamoto. As the Nakamoto upgrade approaches, Stacks’ native token, STX, currently trading at $1.80, is up 68% from its August lows.

    Scheduled to begin this week, the Nakamoto upgrade promises to be a pivotal event for the platform, heralding significant changes in transaction efficiency and expanding use cases.

    Stacks Nakamoto upgrade

    The Stacks Nakamoto upgrade is set to drastically reduce average transaction times from 10 minutes to mere seconds.

    Such a leap in efficiency opens the door to a range of new applications, including the creation and utilization of liquid stacking tokens. These tokens can now be seamlessly integrated into Decentralized Finance (DeFi) platforms, allowing users to deposit, borrow, and leverage liquidity with greater ease.

    In addition to improved transaction speeds, the Nakamoto upgrade will introduce sBTC, a new asset pegged 1:1 to Bitcoin.

    Unlike wrapped Bitcoin (wBTC), which relies on a central custodian, sBTC aims to provide a decentralized alternative. This enhancement promises increased censorship resistance, cost efficiency, and robust security features.

    By simplifying Bitcoin’s use in DeFi, non-fungible tokens (NFTs), and gaming, sBTC is expected to differentiate itself from existing solutions and attract more creators to the ecosystem.

    The anticipated upgrade is not only poised to revolutionize transaction processes but also to bolster the DeFi and NFT sectors within the Stacks network.

    As developers roll out the Nakamoto upgrade, the Stacks is likely to see increased adoption and innovation, positioning it as a significant player in the evolving landscape of Bitcoin layer-2 solutions.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin’s surge to $46.5k catapults Stacks and Bitbot higher

    Bitcoin’s surge to $46.5k catapults Stacks and Bitbot higher

    • Stacks (STX) price rose more than 20% to hit highs of $1.87 as Bitcoin hit $46.5k.
    • Bitbot presale surpassed $480k and was eyeing the $500k milestone.
    • Here’s what Bitcoin’s big move suggests for Bitbot, the world’s first non-custodial Telegram trading bot.

    The total crypto market cap rose more than 4% to above $1.8 trillion as Bitcoin price spiked past the $46k resistance level on Friday. As the “OG crypto” hit the paces once more, Stacks edged higher amid a double digit surge. Meanwhile, a new wave continued to swell in the shape of the viral presale of crypto token Bitbot.

    Stacks (STX) soars as BTC rallies to $46.5k

    A new injection of volatility on Thursday saw Bitcoin’s price surge past the $45k level to reach highs of $46,500 across major crypto exchanges. As the flagship crypto pushed higher to target its fifth straight green candle on the daily time frame, Stacks price spiked more than 20% to reach highs of $1.87.

    While the gains for STX came as BTC rallied amid upcoming halving sentiment, there’s also been growing adoption across the Bitcoin Layer 2 space. Stacks has seen this via Stacking DAO, which has hit a new TVL milestone of over $35 million.

    In an X post, the Stacks team says this is equivalent to having more than 20 million STX tokens unlocked, “ready to fuel the Stacks DeFi ecosystem.”

    Analysts have opined that the $800 billion Bitcoin ecosystem is ripe for investors to explore and Stacks could be one of the big players in this quest. As a Bitcoin L2, Stacks enables smart contracts and decentralised apps to come to Bitcoin, leveraging the benchmark blockchain platform’s security.

    If Bitcoin sees the anticipated upside, STX price could benefit from its catalysts to target a new peak beyond the $3.39 reached in December 2021.

    Bitbot: Bitcoin’s rally cements BITBOT presale momentum

    Bitbot is the first non-custodial trading app on Telegram. It’s a huge deal in the sector given recent incidents involving Unibot and Banana Gun – two of the trading bots to see massive traction following their launch.

    Other than its MPC custody technology, which is backed by Knightsafe, Bitbot offers access to several institutional-grade tools and feature. While trading, users will have assets in the cold wallets – removing that immediate risk that custodial platforms run by holding onto users’ assets.

    Bitbot enhances this focus on security and user safety with its anti-MEV and anti-rug platform solutions. As a trader, you want to know that your trades are not open to MEV bots. You also want 24/7 monitoring against potential scams and rug pulls. Bitbot’s robust security approach provides for this and much more.

    As for the trading tools, the gem scanner and sniping tool stand out for what a trader can achieve with them. For instance, one can quickly identify and snipe profitable trades or snap a real presale gem just in time to get the maximum alpha.

    Bitbot’s utility token BITBOT offers access to these features as well as a revenue-sharing model that gives a share of all daily revenue to holders. Passive income doesn’t get better than this.

    Should you buy Bitbot given the current crypto market outlook?

    Crypto trading continues to evolve as the market adopts new technology features, and the use of trading bots is just one such development. Trading solutions on Telegram are also another of the key advances.

    Unibot, Banana Gun and PAAL AI are some of the current top trading bots on Telegram. Early adopters of these tokens locked in massive gains. However, none offer the non-custodial feature or advanced, institutional-grade trading tools that have Bitbot standing out.

    Also, from an investment point of view, traders may fancy the potential for BITBOT to explode amid its anticipated dominance and Bitcoin’s halving-driven bull rally.  Investors with this outlook are finding the presale potentially more appealing – the likely reason Bitbot presale has stormed to close to $500k in amount raised in just over three weeks.

    If you are wondering where you can learn more about this project, join the presale and read their whitepaper.

    Share this article
    Categories
    Tags



    Source link

  • Stacks and Toncoin lead the bull cycle as global crypto market cap surge

    Stacks and Toncoin lead the bull cycle as global crypto market cap surge

    • Stacks (STX) has gained 18.43% today to trade at $0.5319 at press time.
    • Toncoin (TON) has gained 15.51% today to trade at $1.74 at press time
    • Bitcoin Cash (BCH) had jumped by 12.33% to trade at $216.57.

    The cryptocurrency market has turned green today with a majority of the top cryptocurrencies by market cap registering significant price surges. Stacks (STX), Toncoin (TON), and Bitcoin Cash (BCH) have come out as the top gainers as the global crypto market cap increased by 4.35% to hit $1.09 trillion. 

    But what is making the crypto market surge? Well, let’s delve into the factors behind today’s crypto price surges.

    Why is the crypto market rising today?

    Today’s crypto market price surge coincides with Grayscale’s win against the US SEC in the Bitcoin ETF case.

    The US Court of Appeals for the DC Circuit on August 29 ruled in favour of Grayscale in its long-running lawsuit against the Securities & Exchange Commission.

    The ruling was monumental for the crypto industry which has been agitating for SEC’s approval of Bitcoin ETFs. The ruling not only paves the way for the approval of the Bitcoin ETF petition filed by Grayscale but also for the BTC ETF applications made by BlackRock and Fidelity.

    Bitcoin price chart

     

    After a long consolidation of around $26k, Bitcoin price momentarily surged above $28k minutes after the court ruling on August 29. Although the price of BTC has since slightly pulled back the bulls still seem to be squarely in control.

    Ethereum (ETH), the second-largest cryptocurrency by market cap has also surged above $1,700 after staying below $1,700 for two straight weeks.

    Share this article
    Categories
    Tags

    Source link

  • Stacks (STX), Optimism (OP), Kaspa (KAS) rally as Bitcoin soars

    Stacks (STX), Optimism (OP), Kaspa (KAS) rally as Bitcoin soars

    • Stacks (STX) price was up 25% as Bitcoin (BTC) broke above $28k for the first time in weeks.
    • Optimism (OP) and Kaspa (KAS) also gained double-digits.
    • The tokens were outperforming major altcoins such as Ethereum, BNB and XRP.

    As Bitcoin (BTC) broke to highs above $28k on Tuesday, several altcoins took cue to post huge moves. 

    Top market cap coins like Ethereum (ETH), BNB (BNB), XRP (XRP) saw modest gains. However, a few stand out performers on the day included Stacks (STX), Optimism (OP) and Kaspa (KAS).

    Stacks price

    Stacks (STX) is outperforming peers today with a 25% price surge in the past 24 hours. The coin’s stellar performance has recently been down to the growing popularity of Bitcoin Ordinals. With Bitcoin-based NFTs on the rise, the demand for STX has increased.

    The token traded to highs of $0.76 on Tuesday, up from lows of $0.58. The all-time high for Stacks is $3.39, which was reached in December 2021.

    Optimism price

    Optimism (OP) price was up 18% at the time of writing. The price of the L2 blockchain hit $1.34 on Tuesday afternoon after trading at lows of $1.06 this week, with the gains coming on the back of the broader market’s bounce.

    However, there was another likely trigger for OP price – the launch of an Optimism-powered testnet on the BNB Chain. The opBNB testnet went live on Binance’s BNB Chain on Monday and saw the OP token begin to soar amid increased trading volumes. Optimism price hit its all-time high of $3.22 in February this year.

    Kaspa price

    Kaspa (KAS) also saw double digit gains on Tuesday to rank among the biggest gainers in the top 100 coins by market cap. With price up more than 11% on the day, KAS inched further into bulls’ territory with over 40% upward action in the past week. 

    KAS/USD was trading at $0.022 at the time of writing, which is about 46% off the coin’s all-time high of $0.043 reached in April this year.

    Recently, the Kaspa team announced a funding pool initiative that targeted eventual KAS listing on the cryptocurrency exchange Bitpanda. The L1 proof-of-work blockchain network implements the GHOST protocol, which has been cited in the whitepapers of Ethereum, Cardano and XRP.

    Share this article
    Categories
    Tags

    Source link

  • Will Stacks go back up?

    Will Stacks go back up?

    • Stacks price has declined 4% in the past 24 hours and is -15% this past 30 days.

    • STX currently trades near $0.78, and has a key supply zone near the psychological $1.00 level.
    • The price of STX rose sharply in February and March as the Ordinals hype hit the market.

    The price of Stacks (STX) made another higher low move on Wednesday, trading to highs of $0.82 after surging double digits alongside Bitcoin (BTC). The upside followed the crypto market’s upward reaction to the US Federal Reserve’s interest rate hike.

    But as the FOMC tide cools, STX is down 4% in the past 24 hours, cutting weekly gains to just 5% and wiping out gains from key price bursts in April.

    Will Stacks go back up after the recent dump?

    Stacks (STX) is a digital asset that has shown considerable fluctuations in price in the past few weeks. As CoinJournal highlighted in this article, the main driver of Stacks price in February was the strong interest in Ordinals, a platform for Bitcoin inscriptions (crypto assets similar to NFTs).

    Stacks, which brings the power of smart contracts to Bitcoin, also surged in March as whales loaded up on the native STX.

    As seen on the weekly chart below, STX/USD has been constrained between robust support at $0.64 and new resistance near $1.33 since 20 February. The coin is up 5% this week but is in the red on the monthly chart after today’s declines helped erase gains made earlier in the year. STXUSD is down nearly 15% over the past 30 days.

    Incidentally, STX rose 122% in one week in February and another 51% over seven days in mid-March. So the question is: will Stacks go back up after retreating from year-to-date highs above $1.32? 

    The surge in Bitcoin ordinals, which on-chain data shows reached over 3.5 million this week, suggests interest in the inscriptions is still high. The activity on the Ordinals Protocol and other layer 2s on the Bitcoin blockchain and the potential uptick in BTC price are likely to be major catalysts of upside momentum for the altcoin.

    Below is the outlook for Stacks price from a technical perspective.

    Stacks price: short term outlook for STX

    For a short-term technical outlook for STX, we can look at its weekly chart focusing on the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Fibonacci retracement levels.

    Chart showing the price movement of Stacks (STX) with key technical indicators. Source: TradingViewAs shown above, the RSI indicator for STX on is currently at 57. This suggests that STX is largely neutral, indicating its neither oversold nor overbought. 

    However, the MACD indicator is suggesting a potential bearish crossover. We can see the MACD line is above the signal line but could cross below to give the advantage to the bears.

    Meanwhile, the main barrier to the upside is likely to be at the Fibonacci retracement level at 23.6% that marks the retracement of the last swing from the highs of $3.37 to lows of $0.20. That level is currently around $0.95. Stacks also highlight the 50% and 61.8% retracement levels as main resistance areas.

    In case the Stacks (STX) price continues its downward trend, the first support level could be at a long-term horizontal line near $0.45. The 50-week moving average line is currently leveling up around this area, while the $0.20 demand reload line provides a key buffer zone.

    Share this article
    Categories
    Tags

    Source link

  • Dogeliens Tipped By Analysts To Yield Better Returns Than Shiba Inu and Stacks Within The Next Five Years – CryptoMode

    Dogeliens Tipped By Analysts To Yield Better Returns Than Shiba Inu and Stacks Within The Next Five Years – CryptoMode

    Shiba Inu (SHIB) and Stacks (STX) are among investors’ top choices today due to their enormous yields and cutting-edge mechanisms that eliminate interference from third-party institutions like banks and brokerage firms. New cryptocurrency Dogeliens (DOGET) is set to join this list.

    As blockchain technology and the cryptocurrency market develop, developers release more products with increasingly practical use cases, allowing cryptocurrency traders to diversify their portfolios.

    If you’re unsure how to pick dependable and lucrative crypto assets, start by looking up Shiba Inu (SHIB) and Stacks (STX).

    Also Read: Bonds.org: Game-changers in Cardano Decentralized Lending

    However, the new cryptocurrency, Dogeliens (DOGET), has already been tipped by analysts to yield higher returns than Shiba Inu (SHIB) and Stacks (STX) within the next five (5) years.

    Here are some things you need to know about the three cryptocurrencies to get started.

    Shiba Inu’s Rise to Success

    Shiba Inu (SHIB) was launched in August 2020, seven years after Dogecoin (DOGE). However, it rapidly achieved success and is currently the second-largest meme coin by market cap.

    Inspired by Dogecoin (DOGE), Shiba Inu (SHIB) was created to outperform Dogecoin (DOGE) in the cryptocurrency market, and some users believe that Shiba Inu (SHIB) may eventually surpass Dogecoin (DOGE).

    Shiba Inu (SHIB) demonstrated its strength as a top cryptocurrency by maintaining its market position even amid the 2022 crypto collapse.

    Its developers are also increasing its use cases, as seen with its recent foray into the metaverse.

    Stacks — Bridging Blockchain Technologies

    Stacks (STX) is one of the high-potential cryptos in the market. It operates a layer-1 blockchain built to attract smart contracts and decentralized applications (dApps) to the Bitcoin blockchain. This crypto platform is also a giant in the Metaverse, using its security to create a Metaverse and a decentralized finance (DeFi) ecosystem.

    Stacks (STX) is trying to create a better user-owned and decentralized internet through the Bitcoin network. Bitcoin (BTC) does not support smart contracts, which are essential for launching dApps like blockchain games. Therefore, Stack (STX) has become the linking platform between Bitcoin and the creation of dApps.

    Stacks’ native token is STX, which is used to run dApps and feed smart contracts on the Stacks (STX) network. The network employs a Proof-of-Transfer (PoT) consensus mechanism, which validates the Stacks (STX) blockchain with the Bitcoin blockchain network.

    Dogeliens: Dog-Themed Meme Coin with Explosive Growth Potential

    Dogeliens (DOGET) is a new meme coin inspired by the tale of a loyal and honorable army of dog aliens inhabiting the planet of Puptopia.

    Dogeliens (DOGET) is generating a lot of buzz in the cryptocurrency market due to its multiple passive income-earning opportunities. Additionally, it has launched a native token called DOGET, which can be used for staking, supplying liquidity pools, earning rewards, and minting NFTs.

    The tokens are currently available to interested buyers in the Dogeliens (DOGET) pre-sale. Moreover, buyers will receive extra benefits for each token they purchase. These benefits will vary depending on various factors, including the cryptocurrency the buyer uses, the pre-sale stage, and the amount purchased.

    Furthermore, users will have a secure marketplace where they can mint NFTs. Dogeliens (DOGET) users can also participate in the ecosystem’s play-to-earn mode, where they create a battalion of NFT dogs to battle the enemy’s army of dog aliens.

    They have the chance to win enticing prizes in addition to participation bonuses. Additionally, 3% of each transaction will be designated for charitable purposes, and after each month, the charity that will receive the funds will be chosen by community members.

    Shiba Inu (SHIB) and Stacks (STX) are unarguably top cryptocurrencies with massive potential. However, experts believe Dogeliens (DOGET) will dominate them in the future because of its enormous earning and reward potential.

    Don’t miss out on the next big cryptocurrency today!

    Pre-sale: https://buy.dogeliens.io/

    Official Website: https://dogeliens.io/

    Telegram: https://t.me/DogeliensOfficial

    Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

    CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
    Contact us if you have any questions: [email protected]
    None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.

    Source link