Tag: time

  • Bitcoin hits $100k for the first time as bull run continues

    Bitcoin hits $100k for the first time as bull run continues

    An image of a Bitcoin in front a background with arrows pointing up
    • Bitcoin reached the milestone on December 5
    • Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value
    • It comes as President-elect Donald Trump named Paul Atkins as the next US SEC chair

    Bitcoin has reached a new all-time high, hitting $100,000 for the first time, continuing its bull run since the start of November.

    On December 5, Bitcoin broke the $100,000 milestone after getting within touching distance of the psychological level on November 22, at over $99,000. Data from CoinMarketCap shows Bitcoin reached more than $103,500 around 04:05 this morning.

    At the time of publishing, Bitcoin is trading at around $101,000. Over the past 30 days, the crypto asset has risen nearly 50% in value while its year-to-date value has increased by 140%.

    While there are underlying factors relating to Bitcoin’s price rise, Donald Trump’s presidential victory last month has given the asset a significant push. It also hasn’t hurt Bitcoin that Trump announced pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission.

    Trump has also picked Scott Bessent and Howard Lutnick to head the US Secretary of Treasury and Commerce departments.

    Taking to X, Michael Saylor, CEO of MicroStrategy, said “there’s going to be a $100k party.”

    Earlier this week, Saylor urged Microsoft to adopt Bitcoin saying it represents “digital capital.”

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  • Bitcoin (BTC) regains momentum just in time for the upcoming 0DOG exchange listing

    Bitcoin (BTC) regains momentum just in time for the upcoming 0DOG exchange listing

    • At press time, Bitcoin trades at $67,260 marking a 3.57% rise over the past day.
    • Bitcoin transaction volumes remain subdued despite the resurging BTC value.
    • Bitcoin Dogs await token claiming and exchange listing with bated breath.

    Bitcoin (BTC) has surged back into the spotlight, with its price hitting a high of $67,744 in the past 24 hours.

    This surge in value comes just in time for the much-anticipated exchange listing of 0DOG, the native token of Bitcoin Dogs.

    BTC price moves out of consolidation

    The recent Bitcoin price surge comes after a period of consolidation and uncertainty in the cryptocurrency markets that followed Bitcoin’s ascent to its new ATH of $73,750.07 11 days ago.

    Analysts attribute Bitcoin’s recent price surge to several key factors. One significant factor is the growing interest from institutional investors and Wall Street in spot Bitcoin ETFs listed on Nasdaq. This influx of institutional capital into the cryptocurrency markets has contributed to the upward momentum of Bitcoin’s price.

    Furthermore, the concentration of trading volume within these ETFs has led to a surge in Bitcoin’s value.

    However, despite the soaring price, on-chain transaction volumes in terms of US dollars remain subdued compared to the levels witnessed during the bull market of 2021. This discrepancy suggests a prevailing sentiment among investors to hold onto their Bitcoin, anticipating further price appreciation.

    In addition, even with Bitcoin hitting a record high of $73,750, there is a noticeable decline in economic transactions on its blockchain.

    Analysts from Blockware Solutions highlight a discrepancy between the soaring price and the muted on-chain dollar volume. Current data shows average transfer volumes to be under $200,000, a stark contrast to the 2021 bull market where figures exceeded $1 million.

    However, Blockware Solutions analysts further speculate that a significant Bitcoin price movement will precipitate an increase in on-chain volume as seasoned Bitcoin holders may begin moving assets to exchanges for sale.

    The data also shows a growing portion of Bitcoin that has remained inactive for 3 to 4 years, reflecting the confidence of long-term investors. Projections from experts suggest that Bitcoin’s price could ascend to six figures in the near term. For instance, Standard Chartered projects that it will breach $150,000 in 2024.

    Bitcoin Dogs: investors await exchange listings

    As Bitcoin jumps back into the limelight, Bitcoin Dogs, a Bitcoin-based dog-themed project, has garnered significant attention in the recent past with its unique platform where dog lovers and crypto enthusiasts come together to trade, collect, and engage in various activities within the Dogeverse.

    Central to the Bitcoin Dogs ecosystem is its native token, 0DOG. This token serves as a utility and governance token within the platform, allowing users to participate in various activities such as trading, staking, and governance decisions.

    Additionally, Bitcoin Dogs features Non-Fungible Tokens (NFTs) representing digital collectibles of virtual dogs, adding a layer of gamification and collectibility to the platform.

    The recent conclusion of the 0DOG token presale marks a significant milestone for the Bitcoin Dogs project. The presale, which lasted for a record 30 days, witnessed overwhelming participation from the cryptocurrency community, resulting in a successful fundraising effort.

    Following the presale, participants will soon be able to claim their 0DOG tokens and engage in trading activities on the platform.

    The success of the presale underscores the growing interest and confidence in the Bitcoin Dogs project, highlighting its potential for future growth and adoption.

    Investment outlook: Bitcoin vs Bitcoin Dogs

    As Bitcoin continues to regain momentum and reach new highs, investors are faced with the question of whether now is a good time to invest in Bitcoin or Bitcoin Dogs.

    Well, while past performance is not indicative of future results, the bullish sentiment surrounding Bitcoin’s price trajectory and the promising prospects of projects like Bitcoin Dogs may present attractive investment opportunities for those looking to diversify their portfolios in the cryptocurrency space.

    However, as investors navigate these exciting developments, careful consideration of market trends and project fundamentals will be essential in making informed investment decisions in the ever-changing landscape of digital assets.

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  • Is this the time to buy more?

    Is this the time to buy more?

    michael saylor view on bitcoin price

    Key takeaways

    Bitcoin could reach $150k in 2024: Tom Lee

    The cryptocurrency market has been bullish since the start of the year, with Bitcoin touching the $50k level for the first time since 2021. With the bulls currently in control, many believe that BTC’s price could soar higher in the coming months.

    FundStrat head of research Tom Lee is one of those bullish analysts and he predicted that the leading cryptocurrency could touch $150,000 before the end year. If BTC’s price could triple in the coming months, this could be an excellent opportunity for investors to acquire more assets.

    One of the gems that could record massive gains in the coming months and years is Bitbot. This project will leverage the growing trading volume in the market to gain massive adoption.

    What is Bitbot?

    Before investing in the project, it is best to know what it is and understand how it works. Bitbot is a Web3 project that is set to provide excellent services to cryptocurrency traders.

    It is a Telegram trading bot that grants users access to some exciting features, easing their crypto trading journey. Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram.

    The project offers a unique value proposition to users and investors. It will take advantage of Telegram’s position as a leading social media platform for crypto users.

    According to the whitepaper, Bitbot will provide users with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to world-class trading functions.

    Bitbot will also leverage the rising trading volume in the cryptocurrency market to gain massive adoption in the coming months and years. More retail and institutional investors are coming into the market and Bitbot could provide exciting services to them.

    Bitbot’s tech-savvy approach to trading

    As a tool, Bitbot will be offering tech-savvy tools to ease the trading process for its users. The team is working on some tools that would ease the trading process for its users.

    Per their whitepaper, security is the primary focus of the Bitbot tool. The tool will use Knightsafe to offer a self-custody solution, mitigating the typical risks associated with Telegram trading.

    In addition to that, some of the funds raised from the presale rounds would be deployed towards developing anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.

    Furthermore, Bitbot will utilize ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.

    To help the new traders, Bitbot will also launch a copy trading feature. With this feature, novice traders can copy the trades of the strongest-performing wallets based on on-chain activities.

    Bitbot’s presale surpasses $650k

    The Bitbot presale is now officially in the fourth stage and has already raised more than $650k. At the moment, the project has raised $667k of the required $862k for this stage.

    Bitbot continues to gain adoption by investors as its presale is moving fast. Currently, the $BITBOT token is going for $0.0116 but is set to increase to $0.0122 once the fifth round commences.

    Per its tokenomics, the development team will hold 20% of the total token supply and will use it to fund ongoing development. Furthermore, 14% of the total token supply is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

    Click here to read more about Bitbot’s upcoming presale.

    Could Bitbot’s token be a winner this year?

    The crypto market is expected to rally higher this year and gems could be the biggest winners. With the right level of adoption, Bitbot could be one of the biggest winners in this bull cycle. The Bitcoin halving and other external factors could also help push Bitbot’s price higher

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  • Bitcoin tops $48k for the first time since 2022 as Bitcoin Dogs’ presale commences in three days

    Bitcoin tops $48k for the first time since 2022 as Bitcoin Dogs’ presale commences in three days

    Key takeaways

    • Bitcoin has crossed the $48k mark for the first time since 2022.

    • Bitcoin Dogs presale will commence in three days and will be the first BRC-20 ICO on the Bitcoin network. 

    Bitcoin eyes the $50k mark following its recent rally

    The cryptocurrency market has been bullish since the start of the year, with prices soaring to new levels. Bitcoin, the world’s leading cryptocurrency by market cap, has crossed the $48k level for the first time since 2022.

    At press time, the price of Bitcoin stands at $48,080 per coin. Bitcoin’s rally has also seen other leading cryptocurrencies reach new levels, with Ether now trading above $2,500 per coin.

    What is Bitcoin Dogs?

    With Bitcoin leading the market charge at the moment, it is expected that projects launching on the Bitcoin blockchain will take centre stage. One such project is Bitcoin Dogs. 

    Bitcoin Dogs is a pioneering project that is leveraging the power of the Bitcoin network. It is a unique project because it is the first BRC-20 token ICO. Bitcoin Dogs is set to offer investors an excellent value proposition because it combines elements of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to create an immersive experience for investors and enthusiasts alike.

    Bitcoin Dogs will also be launching at a time when Bitcoin’s price is approaching its previous all-time high and the recent launch of spot Bitcoin ETFs in the United States. 

    In the last, most presales in the crypto market have been ERC-20 and BNB tokens. However, Bitcoin Dogs is changing the narrative by introducing $0DOG, its native token, as a novel investment opportunity on the Bitcoin blockchain. 

    The development team intend to use the token to underscore the potential for growth and adoption within the Bitcoin ecosystem.

    Bitcoin Dogs presale commences in three days

    The Bitcoin Dogs presale is set to commence in three days and will usher in a new era within the Bitcoin ecosystem. 

    $0DOG will be the first BRC-20 token ICO on the Bitcoin network. According to the team, there would be 900 million tokens minted. The project will also offer investors access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi. 

    The token could gain massive adoption in the medium to long term thanks to its unique blend of utility and entertainment. The team revealed that the presale will last for only one month. Thanks to the rarity and novelty of BRC-20, investors could record massive profits if the project gains the right level of adoption. 

    However, while the tokens will be minted on BRC-20, investors will purchase the tokens on ERC-20, with investors providing a BTC wallet address. The address an investor provides will then receive Bitcoin Dogs tokens. The project will also take advantage of the NFT market by creating an NFT collection. 

    Click here to learn more about the Bitcoin Dogs presale. 

    Should you buy the Bitcoin Dogs token?

    $0DOG could be one of the biggest winners in this Bull Run as it is set to take advantage of the Bitcoin network. 2024 is slated to be the start of a new Bull Run and Bitcoin is already eyeing the $50k mark. 

    With the Bitcoin halving in less than three months, altcoins such as $0DOG could rally higher. Furthermore, the US Federal Reserve is expected to cut interest rates over the coming months, pushing more investors into the crypto market. 

    With the right level of adoption, Bitcoin Dogs could record massive gains in the coming months and years, similar to the success recorded by Bitcoin Cats (achieved $50M 24-hour trading volumes soon after launch). 

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  • Is it time to buy more Memeinator tokens?

    Is it time to buy more Memeinator tokens?

    Key takeaways

    • Bitcoin is up by 3% in the last 24 hours and is now trading above $43k once again.

    • Memeinator is set to conclude the 13th stage of its presale and has raised nearly $4 million so far. 

    Bitcoin now trading above $43k

    The cryptocurrency market has been bearish over the last two weeks. However, the trend is changing and Bitcoin has recovered some of its lost value. Bitcoin is up by more than 3% in the last 24 hours and is now trading above the $43k level again.

    At press time, the price of Bitcoin stands at $43,365 per coin. Bitcoin’s positive performance has spread across the broader market, with the total cryptocurrency market cap now above $1.65 trillion.

    The rally comes as investors expect the US Federal Reserve to maintain its current interest rate. However, if the Fed is to reduce interest rates, BTC and other cryptocurrencies could rally higher in the short term. With the market looking promising, this might be a good opportunity for investors to buy more digital assets. 

    What is Memeinator?

    Investors who are interested in meme coins could look into Memeinator. It is a meme coin that could become a leader in the space. Memeinator is a meme project designed to help content creators generate better content. 

    According to their whitepaper, Memeinator seeks to uphold the culture of quality memes on the internet, ensuring that there is a higher level of quality content available to users. While the crypto space has thousands of meme coins available, only a few offer real-world utility to the users. Memeinator will be one of the few meme coins that offer value to their users and stakeholders. 

    Memeinator will leverage AI technology to identify worthless memes on the internet, allowing users to know them and steer clear of them. The Memeinator developers also have strategies in place that would enable Memeinator to reach $1 billion in market cap over the coming years. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

    At the moment, Memeinator is still in its presale stage and has raised nearly $4 million so far. In the first presale stage, the MMTR was sold for $0.01 and will rise to $0.0485 by the end of the presale, giving early investors an astonishing 132% ROI at listing. 

    Memeinator’s presale raises over $3.9 million

    The Memeinator presale is growing and attracting more investors. It is currently in its 13th stage and has raised more than $3.9 million so far. 

    The native MMTR token can be purchased using three tokens, ETH, USDT, and USDC. According to the official website, the token is available to users on the Ethereum and BNChain blockchains. 

    Furthermore, MMTR can be purchased using a wide range of supported wallets. However, keep in mind that MMTR can only be purchased using ETH, USDT and USDC coins. 

    Click here to read more about the Memeinator presale.

    Why is the Memeinator presale selling rapidly?

    The Memeinator presale is selling fast thanks to the project’s unique proposition to the cryptocurrency space. If the development team rolls out its products and services, Memeinator could become one of the leading meme coins in the crypto space. 

    Its solutions could find massive utility amongst degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

    The Memeinator solution will combine AI and blockchain technology. Its AI solution will allow users to analyze and evaluate memes across the internet. This makes it possible to identify lower-quality memes and replace or destroy them. 

    Powered by MMTR, Memeinator is set to offer a wide range of incentives to the token holders. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, CEX listing and liquidity. 

    Will MMTR rally higher? 

    At the moment, MMTR is still in presale, which means it is highly unlikely to determine whether it will rally higher or not. However, Memeinator has massive potential and could become one of the leading meme coins in the coming years. The right level of adoption could see Memeinator’s market cap reach $1 billion over the coming years. 

    Leveraging AI and blockchain technology could see Memeinator take advantage of the growing popularity of these two technologies. Currently, its MMTR token is still in presale and could record a massive value increase once it gets listed on centralized and decentralized exchanges.

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  • Is it now the time to buy Shiba Inu (SHIB/USD)?

    Is it now the time to buy Shiba Inu (SHIB/USD)?

    As cryptocurrencies continue to whipsaw, Shiba Inu (SHIB/USD) has been in the trenches. With a drop of more than 6% in a week, the cryptocurrency now trades at $0.0000092. A dip-buyer could be interested in the price level. That considers that SHIB has been holding it since touching a low of $0.000008 for a week.

    The main concern for SHIB and other cryptocurrencies has been a confidence crisis brought about by the collapse of FTX. The sentiment is so far bearish as most tokens are currently trading lower. Other than that, SHIB has been building on the meme token strengths and looked to have overcome resistance at $0.000012. 

    Aside from the negative sentiment, Shiba Inu continues to suffer from the lack of significant developments. Notable among these is the SHIB metaverse, which has stalled for a while. On November 16, however, the Shiba Inu team issued some positive updates. The team gave a first concept art reveal of what to expect once the metaverse becomes a reality. Although the update reawakens expectations of the key project, SHIB investors are yet to show optimism. The price of the meme token has remained muted.

    SHIB price outlook amid a bear market

    SHIB/USD Chart by TradingView

    Technically, SHIB is under pressure despite buyers having defended $0.000008. The level does not coincide with a support zone, and the cryptocurrency will likely fall further.

    The RSI reveals that SHIB is not yet oversold, although there are more sellers. The indicator shows a downside on SHIB. The meme token also trades below the moving averages.

    SHIB prediction

    Shiba Inu’s price could fall to the yearly lows of around $0.000007 if the current weak sentiment continues. The level coincides with support, meaning we will likely see a lower price. The cryptocurrency doesn’t present an attractive buy.

    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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