bitcoinlfg

Tag: Surge

  • Grayscale launches investment fund for AVAX Token, fueling market surge

    Grayscale launches investment fund for AVAX Token, fueling market surge

    Grayscale launches investment fund for AVAX Token
    • Grayscale launches Avalanche Trust, offering exclusive AVAX exposure for investors.
    • AVAX price surged to $25.16, with a nearly 9% increase in Avalanche Open Interest.
    • The new fund enhances Grayscale’s portfolio, aligning with its crypto strategy.

    Grayscale Investments, the world’s largest crypto fund manager, has announced the launch of a new investment fund dedicated to Avalanche (AVAX) token.

    Officially unveiled on August 22, the Grayscale Avalanche Trust expands the firm’s suite of over 20 crypto investment products and offers accredited investors a new avenue for exposure to Avalanche’s native cryptocurrency.

    Grayscale Avalanche Trust to provide direct access to AVAX

    Grayscale’s Avalanche Trust is a single-asset investment vehicle that operates similarly to the firm’s existing products, focusing exclusively on AVAX. Unlike Grayscale’s exchange-traded funds, this trust is available only to qualified investors and is not exchange-traded.

    The Avalanche Trust is designed to provide investors with direct access to AVAX, the token that powers Avalanche’s multi-chain smart contract platform. This platform is known for its focus on optimizing scalability, network security, and decentralization, while also facilitating the tokenization of real-world assets (RWA).

    The new fund aligns with Grayscale’s broader strategy to offer innovative investment opportunities within the evolving crypto ecosystem. It adds to Grayscale’s recent expansions, which include trusts for MakerDAO’s MKR token, Bittensor, and Sui.

    With a track record of pioneering crypto investment products, Grayscale continues to cement its position as a leading player in the digital asset space. The launch of the Avalanche Trust highlights the firm’s commitment to broadening access to emerging and impactful developments in the cryptocurrency market.

    AVAX price movements

    The announcement has had a significant impact on the market seeing it came amid other major Avalanche news including Franklin Templeton expanding its blockchain-integrated money market fund to Avalanche.

    The price of AVAX surged to a high of $25.16 before pulling back slightly to around $24.75 at press time.

    Additionally, Avalanche’s Open Interest has seen a nearly 9% increase, reflecting heightened investor interest and enthusiasm.

    Among other developments, the price surge underscores the positive reception of Grayscale’s new fund and its potential to attract substantial capital flows into the AVAX token.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin drive crypto market surge; buzz builds around Monero and this emerging memecoin

    Bitcoin drive crypto market surge; buzz builds around Monero and this emerging memecoin

    In the ever-evolving landscape of cryptocurrencies, Bitcoin has again taken centre stage with a surge that has captivated investors worldwide. 

    Alongside this bullish momentum, attention is also turning towards alternative cryptocurrencies like Monero and Rebel Satoshi ($RBLZ), each offering unique features and investment potential. Let’s delve into the latest developments driving excitement in the crypto sphere.

    Bitcoin’s resurgence

    Bitcoin, often regarded as the pioneer and forerunner of the cryptocurrency market, has experienced a remarkable surge in recent days. Surpassing the $63,000 mark for the first time since November 2021, Bitcoin’s price trajectory has reignited optimism among investors. 

    With a nearly 20% increase this week alone, Bitcoin’s resurgence has propelled its price to near its all-time high, tantalizingly close to $68,982.20.

    Monero: privacy champion

    Amidst the Bitcoin frenzy, Monero (XMR) has emerged as a significant player, garnering attention for its emphasis on privacy and anonymity. Launched in 2014, Monero aims to facilitate transactions privately and anonymously, distinguishing itself from other cryptocurrencies like Bitcoin by employing advanced cryptography to obscure senders and recipients.

    Monero’s unique privacy features have positioned it as a leading choice for users seeking enhanced privacy and security in their transactions. By prioritizing privacy and security over ease of use and efficiency, Monero ensures that all users, regardless of their technical proficiency, can engage in transactions without fear of censorship or surveillance. Monero’s commitment to privacy makes it an attractive option for those prioritizing anonymity in their cryptocurrency transactions.

    Rebel Satoshi ($RBLZ)

    In the midst of Bitcoin’s surge and Monero’s privacy-centric approach, Rebel Satoshi ($RBLZ) has emerged as something of a rising star in the crypto space. Rebel Satoshi is generating significant buzz among investors with a presale that has already raised $2.5 million. 

    Built on the Ethereum network, Rebel Satoshi offers a secure investment opportunity backed by audited smart contracts from a top auditing firm, Source Hat. This is why some analysts are predicting it could be the best memecoin right now.

    Why invest in Rebel Satoshi?

    Rebel Satoshi’s commitment to safety, evidenced by the Source Hat audit, has convinced some investors that it is the best cryptocurrency to invest in at the moment. With previous presale rounds selling out quickly and discussions underway for tier 1 centralized exchange (CEX) listings, Rebel Satoshi presents a compelling investment proposition. 

    The community’s active involvement in developing the Rebel Satoshi ecosystem post-launch further adds to its appeal as a top crypto investment to consider.

    The presale has sold out

    The Rebel Satoshi Presale has now sold out with tokens available at the listing price of $0.025 from UniSwap.

    Rebel Satoshi will also go live on CoinStore on March 4, 2024.

    Final thoughts

    As Bitcoin drives the crypto market surge, attention is also turning towards alternative cryptocurrencies like Monero and Rebel Satoshi ($RBLZ). While Monero offers enhanced privacy and anonymity, Rebel Satoshi presents a promising investment opportunity with its upcoming launch and active community involvement. 

    With opportunities abound in the crypto space, investors are encouraged to explore these top crypto options for long-term investment potential. Whether you’re a seasoned investor or a crypto beginner, staying informed about the best cryptocurrency to invest in today can pave the way for a prosperous future.

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

    Share this article
    Categories
    Tags

    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.

    Share this article
    Categories
    Tags

    Source link

  • Pangolin (PNG) price prediction after 234% surge in a day amid Bitcoin Dogs frenzy

    Pangolin (PNG) price prediction after 234% surge in a day amid Bitcoin Dogs frenzy

    • Pangolin (PNG) surged 234% in 24 hours, hitting $0.31.
    • Technical indicators hint at short-term correction, but bullish momentum persists.
    • Bitcoin Dogs presale raises $4,241 in slightly over a week.

    Pangolin (PNG), the native governance token of the Pangolin DEX, has experienced an unprecedented surge, catapulting to multi-month highs amidst a frenzy surrounding a new canine-themed NFT project called Bitcoin Dogs that’s conducting the first of its kind ICO on the Bitcoin blockchain.

    The PNG token soared by an astonishing 234% in just 24 hours, reaching highs of $0.31 as trading volume skyrocketed by a staggering 5500% as we had highlighted in our earlier news coverage.

    Pangolin (PNG) price chart

     

    Pangolin (PNG) price: a thrilling rally

    Pangolin’s remarkable price surge marks a significant milestone for the multi-chain DEX platform, which has been gaining traction amidst the backdrop of Bitcoin’s battle to maintain the $50,000 level. The surge in PNG price is a testament to the growing enthusiasm among investors for decentralized finance (DeFi) projects, particularly those driven by community initiatives.

    Pangolin’s native token, PNG, has not only seen an extraordinary uptick in price but also in its trading volume. Within a day, the 24-hour trading volume catapulted by an astonishing 5500%, soaring to over $4.7 million. This surge propelled the Pangolin market cap to over $54 million, doubling within a mere 24 hours.

    PNG, being 100% distributed to the community without team, advisor, or investor allocations, has attracted a wave of interest, resulting in a substantial increase in daily trading volume.

    The recent price explosion for PNG is a departure from its struggles to breach the $0.12 mark since December. It indicates a renewed activity and optimism within the community-driven project, which has been further fueled by a new team taking the reins and outlining an ambitious roadmap for Pangolin’s comeback.

    Pangolin price prediction

    As PNG continues its upward trajectory, investors eagerly anticipate its future movements. Technical indicators on the 4-hour chart suggest a potential correction in the short term, with the Relative Strength Index (RSI) indicating a cooling of buying pressure. However, the RSI line remains comfortably above its Simple Moving Average (SMA) line, suggesting that buyers still hold strength, leaving room for further upward movement.

    Should PNG manage to close the daily candle above the $0.19895 resistance level, it may establish a strong foundation for continued growth in the following 72 hours. Analysts predict that the Pangolin price could go as high as $0.4 by the end of next week if the token maintains the current bullish momentum.

    However, failure to overcome this resistance level could lead to a retracement towards the immediate support at $0.13500, potentially pushing the price back into a previous sideways channel.

    Bitcoin Dogs frenzy and 0DOG presale

    Amidst the excitement surrounding Pangolin’s surge, the crypto community finds itself captivated by the allure of Bitcoin Dogs, an innovative project at the forefront of the blockchain revolution. Bitcoin Dogs offers a unique blend of crypto and canine companionship, where dog lovers and crypto enthusiasts converge to trade, collect, and engage in a barking-good time.

    At the heart of the Bitcoin Dogs ecosystem lies the Dogaverse, a virtual playground where users can immerse themselves in a world of playful interactions and rewarding opportunities. The 10k Ordinals NFT Club adds an extra layer of excitement, allowing users to collect and trade unique digital assets within the Dogaverse.

    Currently, Bitcoin Dogs is hosting the 0DOG presale, the first-ever ICO on the Bitcoin blockchain. With prices climbing every 3 days, early adopters have the opportunity to secure their piece of the Bitcoin Dog pie at a favourable rate. The presale has already raised a staggering $4,241,493.33, with investors eagerly anticipating the next stage price of $0.0251.

    To participate in the Bitcoin Dogs ICO, visit the Bitcoin Dogs website to purchase a share of the 810 million 0DOG tokens available for the presale.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin ETF inflows surge, threatening gold’s reign as store-of-value

    Bitcoin ETF inflows surge, threatening gold’s reign as store-of-value

    • Bitcoin ETF inflows surge, threatening gold’s dominance.
    • Divergence in fund flows: Bitcoin gains, gold loses.
    • Bitcoin acts as a ‘risk-on’ investment and a safe-haven asset.

    In a seismic shift within the financial landscape, Bitcoin is rapidly gaining ground as a store-of-value asset, challenging its traditional counterpart, gold. Recent data reveals a substantial surge in spot Bitcoin ETF inflows, particularly in the United States, setting the stage for a potential challenge to gold’s historical dominance.

    This shift not only signals a changing tide in investment preferences but also prompts speculation about Bitcoin’s long-term disruptive potential.

    Bitcoin ETFs vs gold: the growing divergence

    The past week has witnessed an impressive surge in spot Bitcoin ETF inflows, culminating in a near 10% increase in Bitcoin’s price. Notably, the lion’s share of these new investments is pouring into US-based ETFs, reflecting the increasing importance that these funds play in shaping Bitcoin’s overall performance. Analysts suggest that this uptrend is beginning to reveal a growing divergence between global fund flows into Bitcoin and those into gold.

    The data from ETC Group demonstrates a stark contrast in the year-to-date net flows, with Bitcoin ETPs experiencing a substantial increase since the start of February. Concurrently, gold has faced net negative flows, signalling a shift in investor sentiment. BlackRock’s iShares Bitcoin ETF, securing a significant share of last week’s inflows, exemplifies this trend, underlining the rising prominence of Bitcoin in the investment landscape.

    Bitcoin’s dual role: ‘risk-on’ investment and safe-haven asset

    According to analysts, the top 14 gold ETFs have witnessed a considerable outflow of nearly $2.4 billion since the beginning of the year. 

    In stark contrast, the ten leading Bitcoin ETFs have collectively attracted a robust $3.89 billion in inflows. This trend underscores Bitcoin’s dual nature as both a ‘risk-on’ investment and a reliable safe-haven asset.

    Market experts anticipate that this trend will persist, with Bitcoin poised to disrupt gold’s role as the primary store of value over the long term. Despite Bitcoin’s current ETP and ETF market cap being dwarfed by gold’s market cap, there’s speculation that driven by price appreciation, Bitcoin could potentially surpass gold’s market cap in the next two years. While Bitcoin currently stands as the newcomer challenging gold’s reign, its growing influence is undeniable, posing a potential threat to the precious metal’s long-standing supremacy.

    As Bitcoin continues its ascent, the financial world watches with keen interest, curious to see if this disruptive force will indeed reshape the future of store-of-value assets, signalling a broader evolution in investment preferences on a global scale.

    Share this article
    Categories
    Tags



    Source link

  • Worldcoin (WLD) and Bitcoin Dogs (0DOG) drive crypto surge amid market recovery

    Worldcoin (WLD) and Bitcoin Dogs (0DOG) drive crypto surge amid market recovery

    • Worldcoin’s (WLD) price surged 192% in 7 days
    • Worldcoin’s “World App” wallet hit 1 million daily active users amid regulatory challenges.
    • Bitcoin Dogs presale collects over $2.2 million in five days.

    In the wake of Bitcoin’s recent resurgence, the cryptocurrency market has witnessed a compelling comeback, with Ethereum and altcoins following suit, with Worldcoin (WLD) and Bitcoin Dogs (0DOG) at the forefront.

    Worldcoin (WLD), the brainchild of OpenAI CEO Sam Altman, experienced a staggering 192% surge in just seven days while Bitcoin Dogs, which entered the market a few days ago, caused waves with the first-ever BRC-20 ICO on Bitcoin blockchain.

    Worldcoin (WLD): 192% surge in a week

    The 192% Worldcoin (WLD) price surge has caught the attention of crypto investors, especially following the challenges that the Worldcoin project has faced in the recent past. The WLD currently trading at $7.32 hit an all-time high of $7.52 on February 19 following a week-long rally.

    Worldcoin price chart

     

    This WLD price surge coincided with a significant achievement for the Worldcoin project, as its crypto wallet app, the “World App,” surpassed 1 million daily active users. There has also been an overwhelming whale accumulation, with a massive 2.09 million WLD tokens acquired from Binance. Alameda Research’s significant holding of 25 million WLD tokens and the unveiling of Sora, a text-to-video platform by Sam Altman, further contribute to the optimism around Worldcoin’s growth.

    Launched in July 2023 by Sam Altman and Alex Blania, Worldcoin stands as a “privacy-preserving” digital identity verification initiative, rewarding users with WLD for iris scans.

    Interestingly, this remarkable growth comes at the backdrop of regulatory challenges including Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) initiating an investigation into the project due to “serious risks to personal data privacy.” Reports suggest inspections were conducted at Worldcoin locations in Hong Kong. Previously, global regulatory concerns led to service suspensions in Kenya and a temporary halt to iris scans in India.

    Bitcoin Dogs (0DOG): innovation meets canine craze

    As Worldcoin catches the attention of crypto investors eager to invest in AI-based cryptocurrencies, Bitcoin Dogs, a new cryptocurrency project using Bitcoin’s BRC-20 standards has jumped into the market, with ICO that has attracted quite some interest from investors.

    Bitcoin Dogs introduces a unique blend of cryptocurrency and canine enthusiasm with its native token, 0DOG. Aiming to be the first ICO on the Bitcoin blockchain, Bitcoin Dogs provides a playground for dog lovers and crypto enthusiasts to trade, collect, and engage in a barking-good time. The project’s innovative approach combines the loyalty and playfulness of dogs with the exciting world of blockchain technology.

    The platform offers diverse features, including a feeding system influencing virtual dog appetite levels, social interactions affecting user influence, and Player versus Player (PvP) challenges like Duel Races with a betting system. Additionally, the 10k Ordinals NFT Club caters to both casual admirers and dedicated Doga devotees, allowing users to parade, collect, and trade digital assets related to dogs.

    Bitcoin Dogs (0DOG) token presale

    Bitcoin Dogs launched a groundbreaking token presale, the first of its kind on the Bitcoin blockchain, five days ago and so far the presale has raised $2,266,645.66 pointing to the attention it has captured from the crypto community.

    Investors are flocking to the ICO with the price of the 0DOG token set to increase from the current $0.0173 to $0.0198 in the next stage. To participate, interested persons can visit the bitcoindogs.club website to purchase their share of the 0DOG tokens.

    The presale, set to last 30 days, features staged price increases every three days, fostering urgency for potential investors. The platform also boasts a unique approach, burning unsold tokens after 30 days, potentially increasing value for token holders.

    Conclusion

    Worldcoin’s remarkable growth and Bitcoin Dogs’ presale both represent opportunities for investors looking to diversify their crypto portfolios.

    Nevertheless, the crypto landscape remains dynamic and evolving, requiring careful consideration and due diligence from those eager to embark on this exhilarating journey.

    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

  • IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange

    IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange

    IOTX logo on a mobile phone screen
    • IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge.
    • Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model.
    • Solana hits a 19-month peak above $102, surpassing XRP in market cap ranking.

    While IoTeX, Bitcoin, and Solana witnessed considerable gains in the past few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale.

    Read along as we explore the recent market movements as we head into 2024 and the promising features of Pullix, currently in its presale stage.

    IoTeX: bridging physical and digital realms

    IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge. The token has gained 109.27% in the last month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it among the very few cryptocurrencies to sustain a bullish trend.

    IOTX price chart

     

    Recent on-chain metrics reveal a surge of over 90% in IoTeX’s native token, IOTX, within the past week. A notable catalyst for this breakout is the platform’s increased activity and adoption, exemplified by processing over 1 million transactions in a single day on December 19th.

    IoTeX’s innovative hardware integration in security and oracle sectors, including products like Ucam home security cameras and Pebble data oracles, is capturing the attention of investors.

    Bitcoin hits $44K

    Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year. 

    Bitcoin price chart

    While the asset experienced some retracement, the overall trajectory remains positive buoyed by the high anticipations of a spot Bitcoin ETF approval by January 10 and the upcoming Bitcoin halving event. 

    In a review of 2023, Kaiko Research stated that “Bitcoin is set to close the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms,” second only to semiconductor giant Nvidia.

    Solana’s soaring success

    Solana, a high-performance blockchain platform, has outshone other larger-cap altcoins, reaching a 19-month peak above $102. The SOL token price has surged by 765.76% in the past year joining the likes of IoTeX for a consistent bullish surge throughout the year.

    Solana price chart

     

    This surge has propelled SOL to surpass XRP as the fifth-largest cryptocurrency. Other notable gainers in the market include Avalanche (AVAX) and Polkadot (DOT), both experiencing significant price increases.

    Pullix: redefining crypto trading with a hybrid approach

    While the larger crypto market surges towards 2024, Pullix, is set to redefine crypto trading with its innovative hybrid exchange. Combining the strengths of centralized and decentralized exchanges, Pullix introduces a unique “Trade-to-Earn” concept through its native token $PLX.

    The PLX token presale has seen substantial interest, raising $1,387,783 with 85.4% of tokens already sold.

    Investors holding PLX tokens enjoy various benefits, including passive income through staking, trading fee discounts of up to 60%, and exclusive rewards derived from the platform’s daily revenue.

    Should you invest in Pullix? Evaluating the prospects

    As Pullix gains momentum in its presale, investors may wonder whether it’s a worthwhile addition to their portfolios. Maybe the platform’s commitment to transparency, a crypto deposit-only system, and no KYC requirements could be a consideration when thinking about whether or not to invest in it.

    In addition, staking PLX offers a chance for users to earn passive income, and the innovative buy-back and burn mechanism creates scarcity, potentially driving up token value.

    However, as with any investment, investors must conduct thorough research, considering the risks and rewards involved especially with the highly volatile cryptocurrency market.

    Share this article
    Categories
    Tags



    Source link

  • SEI, TIA, and Bittensor lead altcoins surge; Everlodge brings Airbnb opportunities to web3

    SEI, TIA, and Bittensor lead altcoins surge; Everlodge brings Airbnb opportunities to web3

    • Recent network upgrade propels Celestia’s (TIA) demand.
    • SEI hits an all-time high at $0.295, showcasing a remarkable 151% monthly surge.
    • Everlodge (ELDG) redefines real estate investment bringing AirBnb opportunities to Web3.

    In the dynamic landscape of the cryptocurrency market, altcoins are making significant strides, capturing investor attention and defying Bitcoin’s dominance. Notable performers include Sei (SEI), Celestia (TIA), and the groundbreaking Bittensor (TAO).

    Additionally, Everlodge introduces a unique investment opportunity with its ELDG presale, revolutionizing fractional ownership in the real estate space.

    Celestia (TIA): riding high on network upgrade

    Celestia (TIA) has emerged as a strong contender, enjoying a steady 211.3% increase over the last 30 days amidst the recent crypto market turbulence.

    The token’s surge is partly due to the recent upgrade featuring a modular data availability network propelling TIA’s demand. With a market cap of over $1 billion, Celestia showcases vibrant market interest.

    Technical analysis suggests potential bullish trends, emphasizing TIA’s resilience and growth potential.

    Sei (SEI): record-breaking surge with growing social buzz

    Sei (SEI) has recently hit an all-time high of $0.295, boasting a remarkable 151% monthly surge.

    Despite having only a fraction of its total supply (1.8 billion out of 10 billion SEI tokens) in circulation, the altcoin’s market cap has surged to $535 million. Fueled by a major investment from Circle, SEI’s social buzz is growing, with platforms like X and Telegram witnessing increased chatter. Technical analysis points to a potential further uptrend if SEI breaks past key resistance levels.

    Bittensor (TAO): pioneering AI integration in blockchain

    Bittensor (TAO) stands out as a cutting-edge protocol designed to advance machine learning models on the blockchain. Experiencing notable traction, TAO’s value surged by 254.5% over the last 30 days.

    With a unique focus on merging blockchain and artificial intelligence, TAO presents a fresh perspective. The recent surge highlights growing interest in cryptocurrencies leveraging AI to reshape finance and technology.

    Everlodge (ELDG): redefining real estate investment

    While Celestia, Sei, and Bittensor surge, a new web3 project, Everlodge, is creating a buzz with its revolutionary approach to real estate investment. The project is currently creating waves with its ELDG presale.

    Combining fractional ownership, timeshare, and NFT technology, Everlodge digitizes properties into NFTs, allowing users to fractionally invest in hotels, vacation homes, and luxury villas on the blockchain.

    The ELDG token features discounts, rewards, and staking opportunities, offering a comprehensive ecosystem for users. With a dynamic pricing model, Everlodge plans to raise $12 million during the presale, aiming for a Uniswap launch and listing on Tier-1 exchanges.

    Should you invest in Everlodge (ELDG)?

    As the crypto market witnesses the surge of altcoins like SEI, TIA, and the innovative approach of TAO, investors are eyeing opportunities beyond traditional cryptocurrencies.

    Everlodge, with its ELDG presale, presents a unique investment opportunity. The platform’s integration of blockchain technology and real estate opens new avenues for fractional ownership, providing users with diverse income-generating options. The ELDG token’s utility, backed by a comprehensive ecosystem, positions Everlodge as a disruptor in the real estate investment space.

    In a market flooded with various cryptocurrencies, Everlodge stands out by addressing tangible assets and bringing them to the blockchain, offering investors exposure to the lucrative real estate market in a decentralized manner.

    Share this article
    Categories
    Tags

    Source link

  • AI tokens surge following Musk’s X Corp unveiling of xAI shareholding

    AI tokens surge following Musk’s X Corp unveiling of xAI shareholding

    • Musk’s announcement of a 25% stake in xAI for X Corp shareholders, along with Grok chatbot testing, sparks AI token surge.
    • The AI tokens are also responding to the ouster of Sam Altman from OpenAI.
    • Altman is now headed to Microsoft.

    Artificial Intelligence (AI)-focused tokens experienced a significant boost over the weekend, propelled by key developments in the AI sector.

    Traders exhibited strong confidence in the long-term growth potential of these tokens, triggered by notable announcements from industry leaders.

    Elon Musk’s revelation sparks euphoria

    Technology entrepreneur Elon Musk announced that shareholders of X Corp, a conglomerate holding a diverse range of companies, would hold a substantial 25% stake in the newly unveiled AI venture, xAI.

    The excitement surrounding this revelation was amplified as xAI initiated testing for its Grok chatbot, leading to the creation of numerous replica tokens.

    Sam Altman’s ouster from OpenAI

    In a separate development, there were reports that circulated at the beginning of the weekend about the possible return of Sam Altman, founder of OpenAI (developer of ChatGPT), to the company’s board. These reports caused AI cryptocurrencies to surge.

    The AI coins have remained bullish even after confirmation that Altman was headed for Microsoft to lead AI research and will not be coming back to OpenAI. His position at OpenAI has been given to Emmett Shear, the ex-CEO and cofounder of Twitch.

    AI token market witnesses substantial gains

    The AI crypto market responded positively to the above developments, with notable performances across various tokens.

    Bittensor’s TAO recorded a 7.7% increase on Monday, adding to a remarkable 83% rally over the past week.

    Render’s RNDR, Ocean Protocol’s OCEAN, Fetch AI’s FET, and SingularityNet’s AGIX are also bullish and have outperformed major cryptocurrencies like Bitcoin. However, smaller AI cryptocurrencies like Synesis One (SNS), LimeWire (LMWR), and nuco.cloud (NCDT) are leading the AI token bull run with 97%, 56%, and 35% price surges respectively.

    The broader AI token market cap witnessed an impressive 10% surge on Monday compared to the 1.7% increase in the global cryptocurrency market cap

    The recent surge in AI tokens demonstrates the growing prominence of the sector, akin to the impact of gaming applications and decentralized finance (DeFi) tokens in previous market cycles. But, while uncertainties persist, the resilience of AI tokens in the face of corporate developments indicates sustained market interest in the potential of artificial intelligence technologies.

    Share this article
    Categories
    Tags



    Source link