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Tag: Token

  • Coinbase’s wrapped Bitcoin token cbBTC goes live

    Coinbase’s wrapped Bitcoin token cbBTC goes live

    Coinbase's wrapped Bitcoin token cbBTC goes live
    • Coinbase launches cbBTC, an ERC20 token backed 1:1 by Bitcoin in its custody.
    • cbBTC allows BTC holders to access DeFi apps like Aave, Compound, and MakerDAO.
    • Over 843,783 Bitcoins back cbBTC, representing 4% of the total Bitcoin supply.

    Coinbase, the largest cryptocurrency exchange in the US, has officially launched its new tokenization product, Coinbase Wrapped Bitcoin (cbBTC), marking a significant development in the tokenization of Bitcoin across blockchains.

    The newly launched ERC20 token is fully backed 1:1 by Coinbase’s Bitcoin holdings, allowing holders to interact with decentralized finance (DeFi) applications on Ethereum and Base.

    The release of cbBTC provides an innovative bridge between Bitcoin and Ethereum’s DeFi ecosystem, giving Bitcoin holders more ways to lend, borrow, and earn yields with their assets.

    cbBTC is backed by Coinbase’s Bitcoin holdings

    Coinbase’s extensive Bitcoin holdings back the entire supply of cbBTC. As of now, Coinbase holds over 843,783 Bitcoins in custody, valued at around $48.7 billion, representing more than 4% of the total Bitcoin supply. This ensures robust liquidity for cbBTC holders.

    The number of cbBTC tokens in circulation will be directly limited by the amount of Bitcoin Coinbase owns.

    How cbBTC works

    The mechanics behind cbBTC are simple yet effective. When users transfer Bitcoin from Coinbase to an address on Base or Ethereum, their BTC is automatically converted into cbBTC at a 1:1 ratio. This conversion happens seamlessly, and the reverse process occurs when cbBTC is sent back to a Coinbase account, transforming the wrapped asset back into Bitcoin.

    Unlike a typical token launch, cbBTC will not have a separate order book or trading pair on Coinbase, but it will be accessible on decentralized exchanges (DEXs) like Aerodrome and Curve. Additionally, third-party exchanges may choose to list cbBTC in the future.

    Expanding decentralized financial access

    The introduction of cbBTC is not just a technical advancement but also part of Coinbase’s broader mission to expand decentralized financial access.

    Will Robinson, Coinbase’s Vice President of Engineering, has highlighted cbBTC’s potential to bring “1 billion people on-chain.”

    By providing Bitcoin holders with access to DeFi applications such as Aave, Compound, and MakerDAO, cbBTC enhances the utility of Bitcoin, helping users integrate their BTC into a wider financial ecosystem.

    With the growing demand for Bitcoin-based DeFi products, cbBTC positions Coinbase as a leader in the tokenization space.

    Notably, Coinbase’s move comes shortly after BitGo’s announcement regarding custody services for wBTC, further fueling competition in the wrapped Bitcoin market.

    With support from major DeFi protocols, cbBTC is could play a key role in shaping the future of decentralized finance.

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  • Bitcoin Dogs (0DOG) and SUN token price prediction amid bullish market sentiments

    Bitcoin Dogs (0DOG) and SUN token price prediction amid bullish market sentiments

    • Bitcoin Dogs (0DOG) surged by over 2.7x on debut, now stabilized around $0.03.
    • Sun Token (SUN) has risen by over 127% to a high of $0.02568, driven by positive Tron ecosystem developments.
    • Both 0DOG and SUN are poised for growth, with bullish trends and strong fundamentals.

    As the cryptocurrency landscape evolves, certain tokens are making significant waves, capturing the attention of investors and analysts alike. Bitcoin Dogs (0DOG) and Sun token (SUN) are two notable examples, each experiencing substantial growth amid a bullish market.

    This article delves into the recent performance of these tokens and offers insights into their future trajectories, reflecting the broader bullish sentiment in the crypto space.

    Bitcoin Dogs (0DOG) pump after listing, can it maintain the momentum?

    Bitcoin Dogs ($0DOG), the world’s first ICO on the Bitcoin BRC20 token, has made a remarkable entrance into the cryptocurrency market. The $0DOG token has been listed on three major exchanges: MEXC, Gate, and UniSat, and its debut was nothing short of spectacular.

    On its first trading day, according to Gate.io data, $0DOG experienced an impressive surge, climbing over 2.7x to reach $0.12270 before stabilizing around $0.043 before the end of the day.

    Bitcoin Dogs (0DOG) price chart

    Although the token price has since dropped to around $0.03025 at press time, the initial pump highlighted the strong market demand and the robust technical support that 0DOG enjoys.

    The success of 0DOG’s launch can be attributed to a combination of factors, including the anticipation built during its presale phase, which raised $13.4 million.

    The token’s performance reflects investor enthusiasm and confidence in its potential. Despite some early profit-taking, $0DOG has stabilised around its launch price, establishing firm support. This resilience suggests that the token has a strong buyer base, similar to other successful meme coins like PEPE, which saw significant long-term gains despite initial volatility.

    Looking ahead, the outlook for Bitcoin Dogs appears promising. Analysts are optimistic about 0DOG’s potential to capitalize on the anticipated bullish trends in Bitcoin’s price action. With Bitcoin’s price expected to surge in Q4, 0DOG is well-positioned to benefit from the broader cryptocurrency market’s growth.

    Additionally, the integration of Bitcoin Dogs into the Telegram gaming sector, with its unique blend of Tamagotchi-style gameplay and PvP battles, is set to attract a significant user base, further enhancing the token’s growth prospects.

    The upcoming developments, including staking opportunities, NFT collections, and game beta releases, will likely drive additional interest and investment in 0DOG.

    SUN token future outlook amid bullish market sentiment

    Sun token, the native token of SUN.io platform has also been making headlines with its recent price movements. The SUN.io platform is TRON’s first one-stop platform that supports stablecoin swap, token mining and self-governance.

    Over the past seven days, SUN token price has seen a dramatic increase, rising over 127% to a high of $0.02568, its highest level since 2022.

    This rally pushed its market cap to over $182 million and represented a 143% increase from its lowest point earlier in the month. The token’s impressive performance is a testament to the growth of the Sun ecosystem as the broader Tron ecosystem sees spontaneous growth buoyed by positive developments such as the launch of the SunPump platform.

    The SunPump platform, which has already accumulated over $1.5 million in assets, is driving increased interest in SUN. The platform’s success in generating new meme coins and its comparison to Pump.fun, a notable meme coin generator, underscores its potential impact on SUN’s value.

    In addition to the SunPump platform’s success, the broader Tron ecosystem has also contributed to SUN’s positive trajectory. The Tron blockchain has demonstrated substantial growth, with over 2.36 million active addresses and a market cap of over $59.54 billion for stablecoins. The ecosystem’s expansion enhances the overall value proposition of SUN.

    Looking forward, SUN’s future prospects are closely tied to the continued success of the SunPump platform and the overall growth of the Tron ecosystem.

    As a majority of Tron-based tokens continue to experience bullish sentiments, SUN is well-positioned to capitalize on these trends, potentially reaching new heights. With the recent upgrade to its contract and ongoing ecosystem developments, SUN’s upward momentum is expected to continue, making it a token to watch in the coming months.

    Conclusion

    Both Bitcoin Dogs (0DOG) and Sun (SUN) are poised for significant growth, driven by bullish market sentiments and strong underlying fundamentals.

    As these tokens navigate their respective trajectories, they offer promising opportunities for investors looking to capitalize on the evolving cryptocurrency landscape.

    If interested in Bitcoin Dogs (0DOG) it is currently available on MEXC, Gate, and UniSat. You could also visit the official Bitcoin Dogs website to learn more about the cryptocurrency.

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  • 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.

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  • Binance to support Render token swap and rebranding, Solciety meme coin launches next week

    Binance to support Render token swap and rebranding, Solciety meme coin launches next week

    Binance to support Render token swap and rebranding
    • Binance will support Render’s RNDR to RENDER swap, suspending RNDR trades on July 22.
    • Solciety (SLCTY) meme coin, merging politics and memes on Solana, launches June 18 with a 30-day presale.
    • Solciety’s 30-day presale price is structured to increase from $0.000963 in the first stage to $0.002167 in the final stage.

    Binance has announced its support for the token swap and rebranding of the popular altcoin Render (RNDR) to Render (RENDER).

    Simultaneously, Solciety (SLCTY), a unique meme coin, is set to launch on the Solana network next week, promising to merge politics and memes for the “Degens.”

    Binance pledges to supports Render token swap and rebranding

    On July 22, 2024, Binance will suspend all RNDR deposit and withdrawal transactions. Additionally, all RNDR spot trading pairs, including RNDR/BTC, RNDR/USDT, and others, will be removed.

    Users are advised to complete their RNDR deposits before this date to avoid any inconveniences. The new RENDER trading pairs will become available on July 26, 2024, ensuring a smooth transition for all trading activities.

    Binance’s futures trading platform will close all RNDRUSDT perpetual futures positions on July 16, 2024. Similarly, margin pairs involving RNDR will be delisted, and all RNDR loan positions will be closed by July 17, 2024.

    Furthermore, Binance Pay will cease support for RNDR gift cards, converting any unused ones to RENDER gift cards automatically.

    The technical aspects of this token swap will be managed automatically by Binance, ensuring a smooth and efficient process for all users.

    Render tokens will be converted to RENDER at a 1:1 ratio, simplifying the transition.

    Upcoming Solciety (SLCTY) meme coin merges politics and memes

    Scheduled to launch on June 18th, Solciety (SLCTY) is set to become a notable addition to the Solana blockchain.

    By merging politics and memes, Solciety aims to cater to the “Degens,” individuals immersed in decentralized finance and internet culture.

    This strategic choice of Solana as the foundation leverages its high-speed transactions and low fees, making it an ideal platform for innovative projects like Solciety.

    At the heart of Solciety lies the Meme Campaigner, an innovative meme creation platform. This tool empowers users to generate and customize memes effortlessly, featuring over 200 traits, backgrounds, and fonts.

    By integrating news and current events, the Meme Campaigner ensures that memes remain relevant and timely.

    Additionally, the platform incentivizes community engagement by rewarding users with presale tokens for sharing their creations on social media, fostering a vibrant ecosystem of content creators and meme enthusiasts.

    Solciety (SLCTY) will start with a 30-days token presale

    The Solciety presale, commencing on June 18th, will last for 30 days, offering early adopters the opportunity to secure SLCTY tokens at progressively increasing prices.

    The presale structure, with price increments every 72 hours, incentivizes early participation and rewards early supporters.

    With a total supply of 3 billion SLCTY tokens, Solciety ensures a balanced distribution across various areas, including marketing, development, partnerships, and liquidity, to fuel the ecosystem’s growth and sustainability.

    The presale is designed to encourage early participation by increasing prices every 72 hours, rewarding those who invest early.

    Early investors can buy SLCTY tokens at $0.000963 during the first stage, with the final presale price projected to be $0.002167.

    Solciety has a total supply of 3 billion SLCTY tokens allocated across presale, marketing, rewards, development, partnerships, treasury, and liquidity, ensuring a balanced distribution to support the ecosystem’s growth and sustainability.

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  • SAGA token price prediction; Bitbot follows in its footsteps

    SAGA token price prediction; Bitbot follows in its footsteps

    • Saga Protocol sees surge post-mainnet launch with SAGA token trading volumes surpassing $1 billion.
    • Binance expands support for the SAGA token across multiple products, boosting accessibility and liquidity.
    • Bitbot’s $BITBOT presale raises over $2 million, with tokens currently priced at $0.0148.

    In recent months, the cryptocurrency market has witnessed significant developments with the emergence of groundbreaking projects like Saga Protocol and Bitbot.

    These initiatives are reshaping the landscape of blockchain technology and trading, offering innovative solutions to users worldwide.

    350+ projects already integrated on Saga

    Since the launch of its mainnet on April 9, Saga Protocol has demonstrated remarkable performance within the blockchain ecosystem.

    With its focus on supporting various applications, especially in gaming, Saga has attracted widespread attention from both developers and investors.

    The protocol’s mainnet debut saw the integration of over 350 projects, highlighting its potential to revolutionize decentralized applications.

    Moreover, Saga’s strategic partnerships with industry leaders such as Polygon and Avalanche further solidify its position as a frontrunner in the blockchain space.

    Binance lists SAGA token on multiple products

    Binance, the world’s largest cryptocurrency exchange, has recently expanded its support for Saga across multiple products.

    By listing Saga on various platforms including Binance Earn, Convert, Margin, and Futures, Binance aims to provide its vast user base with seamless access to Saga’s ecosystem and trading functionalities.

    This move underscores Binance’s recognition of Saga’s potential and its commitment to offering innovative opportunities to users.

    SAGA token price prediction

    The SAGA token has witnessed an impressive 30% surge in price backed by over $1 billion in trading volume since its debut.

    The token debuted at $5.71 and has hit an all-time high (ATH) of $7.89. The token has seen extraordinary trading volumes and a surge in Futures Open Interest (OI), indicating robust market demand and investor confidence.

    Analysts project continued price appreciation, with targets set at $8.00 and $10.00.

    As investors eye potential gains, the SAGA token remains poised for further upside, supported by strong market fundamentals and increasing demand.

    Bitbot: revolutionizing trading:

    As Saga Protocol and its native token SAGA make waves within the crypto space, Bitbot, a non-custodial Telegram trading bot, is also attracting investors’ attention as it revolutionizes the trading landscape with its institutional-grade tools and secure platform.

    By integrating with self-custodial wallets and employing advanced security measures like KnightSafe, Bitbot ensures the safety of users’ assets while providing access to sophisticated trading functionalities.

    At the heart of the Bitbot project lies its native token $BITBOT, which is an integral part of Bitbot’s platform. It offers holders exclusive benefits such as revenue sharing and governance participation.

    The $BITBOT token is currently in the presale stage and it has garnered significant traction, raising over $2.1 million to date.

    With the current price of $0.0148 per $BITBOT token, investors have the opportunity to participate in Bitbot’s growth journey at a favourable entry point. As Bitbot progresses through its presale stages, investors can expect incremental price increases, reflecting the project’s expanding reach and market potential. For instance, in the next presale stage, the price is expected to rise to $0.0155.

    To participate in the $BITBOT presale, visit the official Bitbot presale website.

    Conclusion

    Saga Protocol and Bitbot represent two innovative ventures driving forward the evolution of blockchain technology and trading.

    With their disruptive capabilities and commitment to delivering value to users, these projects are poised to shape the future of decentralized finance and trading ecosystems and are potential opportunities for crypto investors.

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  • Wirex Token (WXT) surges on partnerships and integrations ahead of WPAY launch

    Wirex Token (WXT) surges on partnerships and integrations ahead of WPAY launch

    • In the past month, WXT token has surged by more than 55%.
    • At press time, Wirex Token (WXT) was trading at $0.008041.
    • Investors are looking forward to the WPAY official launch; Wirex opened early access to WPay in January.

    Wirex Token (WXT) has experienced a significant surge in value fueled by strategic partnerships, integrations, and anticipation surrounding the imminent launch of WPAY, Wirex’s decentralized payment network.

    With a focus on empowering users through self-custody and seamless crypto transactions, Wirex has positioned itself at the forefront of the evolving digital finance landscape.

    Wirex expanding utility and reach

    Wirex Token (WXT) has emerged as a unique multi-blockchain cryptocurrency, powering Wirex’s X-tras rewards program and seamlessly integrating with the new wave of decentralized finance (DeFi) ecosystems.

    Built on both the Stellar Network and Ethereum blockchain, WXT offers maximum speed, efficiency, and flexibility for users seeking direct control over their assets.

    Wirex customers are rewarded with WXT for their loyalty, earning up to 4% back on purchases made using Wirex cards and up to 12% annually on their WXT account balances through the Savings Bonus feature. This incentive structure not only encourages engagement with the Wirex platform but also fosters participation in the growing DeFi landscape.

    Anticipation builds with WPAY launch imminent

    Wirex opened early access to WPay in January this year, and the Wirex Token price has surged by more than 70% since then.

    With the official launch of the WPAY imminent, the excitement is pulpable among early investors and WXT holders.

    In a nutshell, WPAY promises to revolutionize the way users interact with cryptocurrencies by offering a decentralized payment network that empowers individuals with self-custody and direct control over their assets.

    Utilizing Polygon CDK’s cutting-edge technology and Gateway FM’s IP providing service, WPAY aims to provide a seamless and secure payment experience, accepted by over 50 million merchants in more than 200 countries. With security being a top priority, every transaction made through WPAY is ensured to be smooth and safe, instilling confidence in users as they embrace the future of finance.

    Besides the much anticipated WPAY official launch, another factor behind the WXT price surge is the tapping of ZeroFox by Wirex to tackle dark web and money mule accounts. Also, last month, Wirex adopted cutting-edge policy management solution from Corlytics for growth.

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  • Dogwifhat (WIF) price forecast amid pullback as Algotech’s ALGT token presale nears $4M

    Dogwifhat (WIF) price forecast amid pullback as Algotech’s ALGT token presale nears $4M

    • Dogwifhat (WIF) price dips 14.35% to $3.31 in a day; however, still 51% higher than a month ago.
    • WIF price is projected to surge to $4.2 if it holds the current support level.
    • Algotech’s $ALGT presale raises $3.7M; token priced at 0.08 tether.

    Dogwifhat (WIF) has experienced a significant price pullback causing concern among investors.

    As WIF retraces, investors are turning to new crypto projects like Algotech that are offering investment opportunities with their presale stages.

    Dogwifhat (WIF) price pullback causes concern

    Dogwifhat (WIF) has faced a notable downturn, with its price plummeting by 14% within a day, marking the largest single-day price drop over the past seven days.

    At present, the token is trading at $3.31, marking a substantial decline from its peak of $4.8189 reached on March 31, 2024.

    Despite this pullback, Dogwifhat’s price remains 51% higher than a month ago, showcasing its overall growth trajectory although investors are starting to get worried about what the future holds.

    Dogwifhat price prediction

    There are mixed sentiments regarding Dogwifhat’s (WIF) price forecast.

    While the recent pullback has dampened hopes of the token reclaiming its $4 mark soon, some analysts remain optimistic about its long-term trajectory.

    With the broader crypto market undergoing consolidation ahead of the Bitcoin halving, there’s potential for WIF to regain momentum and surpass the $4 threshold again.

    Some analysts like Pando believe it is just a matter of time before WIF regains its bullish trend, especially seeing that the RSI indicator is almost at its bottom.

    According to Zer0, the WIF token is sitting in an interesting position and if it holds the $3.5 support level, it could easily hit $4.2 soon.

    However, bears persist, there are fears that the once very popular Solana-based memecoin could drop to around $2 in the next few days.

    Algotech: redefining crypto trading

    Algotech emerges as a leading player in the crypto trading sphere, offering a cutting-edge decentralized algorithmic trading platform.

    Powered by advanced algorithms and machine learning capabilities, Algotech empowers traders to navigate complex markets with efficiency and precision.

    The platform’s native token, $ALGT, serves as a gateway for investors to participate in Algotech’s ecosystem and benefit from its innovative trading solutions.

    The $ALGT token plays a crucial role in Algotech’s ecosystem, providing investors with voting governance rights and ownership stakes in the platform. Moreover, early investors in $ALGT stand to receive dividends from the profits generated by Algotech’s trading strategies, which encompass futuristic approaches such as hedging and mean reversion.

    This unique model incentivizes investor participation and aligns interests towards the platform’s growth and success.

    Algotech presale

    Investors have shown significant interest in the ongoing Algotech presale, with the total raised amounting to $3,723,875.680 so far.

    The presale presents an opportunity for investors to acquire $ALGT tokens at the current stage price of 0.08 tether, with the price set to increase to 0.10 tether in the next stage.

    With a minimum purchase requirement of $25, investors of all levels can participate in Algotech’s vision of revolutionizing trading through cutting-edge technology. The presale accepts various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others.

    Conclusion

    As Dogwifhat (WIF) navigates through the current price retracement, investors remain optimistic about its long-term prospects, buoyed by positive price predictions and market dynamics.

    Concurrently, Algotech’s $ALGT token presale continues to gather momentum, offering investors an opportunity to participate in the future of algorithmic trading.

    With both entities poised for growth and innovation, the crypto landscape awaits exciting developments in the coming months.

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  • Velar’s native token to list on Bybit

    Velar’s native token to list on Bybit

    • Bybit will list VELAR, the native token of Bitcoin liquidity protocol Velar on April 3.
    • Velar’s listing on Bybit will be via an initial exchange offering and marks a major milestone for Bitcoin ecosystem.

    Velar is set to launch its native token VELAR via an Initial Exchange Offering (IEO) on crypto exchange Bybit.

    The Bitcoin liquidity protocol said in an announcement on Wednesday that VELAR will go live on Bybit on April 3 and will coincide with its Initial DEX offering.

    Also notably, VELAR on a top tier crypto platform aligns with the project’s roadmap for accelerating its growth and adoption across the global marketplace.

    According to a news release shared with CoinJournal, this is significant milestone for the DeFi ecosystem on Bitcoin. In particular, Velar’s launch is expected to bolster liquidity and utility within the Bitcoin DeFi ecosystem.

    Bybit’s position as one of the world’s top spot and derivatives exchange platforms will play a huge part in this, the platform noted in the announcement.

    “As we prepare to go live on Bybit, one of the world’s top 3 crypto exchanges, with the listing of $VELAR token on April 3rd, we recognize the significance of this moment for the entire Bitcoin ecosystem,” Velar co-founder & CEO Mithil Thakore said.

    The Velar chief added, “This marks a pivotal juncture where we’ll witness firsthand the interest and adoption of Bitcoin ecosystem projects on a global scale. It’s not just about our project; it’s about paving the way for countless others.”

    The Bitcoin DeFi ecosystem continues to grow

    Ethereum has over $50 billion in liquidity locked across DeFi protocols.

    According to Velar, this is an outlook that suggests enormous potential for Bitcoin, the benchmark crypto asset. The upcoming launch offers an opportunity for Velar to tap into more than $1 trillion in dormant BTC capital.

    The prospect means Bitcoin holders can leverage the opportunities, including yields, that the smart contracts industry offers.

    VELAR’s listing on Bybit comes after Velar successfully launched Dharma, an automated market maker (AMM) and decentralized exchange (DEX). The platform has already attracted over 150k users, with users able to access features such as token swaps, liquidity pools, staking and yield farming.

    Bitcoin continues to see unprecedented growth and a new era of DeFi, NFTs and gaming is seen as the next big thing. Velar has a first mover advantage as it seeks to bring more BTC into the DeFi landscape.

    According to today’s press release, Velar will soon launch its V2 mainnet to introduce a Bitcoin-native perpetual DEX platform. The pioneering non-custodial platform will offer up to 20x leverage.

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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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  • Ronin Outpaces Solana to Grab Top 3 Daily Active Users; This GameFi Token Will Dominate Industry

    Ronin Outpaces Solana to Grab Top 3 Daily Active Users; This GameFi Token Will Dominate Industry

    If you’re tuned into the crypto scene, you might have heard the buzz surrounding Ronin lately. Ronin has surged ahead, surpassing Solana to claim a spot in the top three for daily active users. Meanwhile, Galaxy Fox is emerging as a formidable contender in the GameFi space, poised to dominate the industry with its innovative approach. 

    Let’s delve deeper into these exciting developments and explore why Galaxy Fox is considered one of the best ICO by many, presenting an unparalleled investment opportunity this year. 

    Ronin Outpaces Solana to Grab Top 3 Position of Daily Active Users

    Ronin is making waves in the cryptocurrency world, swiftly outpacing Solana to secure a coveted spot in the top three list for daily active users. Just recently, Binance announced the listing of $RON trading pairs, sending excitement rippling through the community. The surge in interest saw $RON hitting highs of around $3.51, nearing its previous peak of $4.29 back in January 2022.

    The surge in activity of this good crypto to buy coincided with a significant uptick in daily active users on the Ethereum sidechain, specifically tailored for gaming purposes. However, the initial excitement was short-lived as profit-taking ensued, causing $RON’s price to retreat by nearly 20% within hours. Despite this, the Ronin Network remains a pivotal player in the blockchain gaming sphere and much of the lost ground has already been regained.

    Designed by Sky Mavis, the creators of the immensely popular Axie Infinity, the Ronin Network was crafted to address the scalability issues plaguing gaming applications on traditional blockchains like Ethereum. Through a hybrid Proof-of-Authority and Delegated Proof-of-Stake consensus model, Ronin ensures rapid validation of transactions while upholding decentralization principles.

    What sets Ronin apart is its singular focus on meeting the demands of high-volume gaming applications. In 2021 alone, Ronin processed a staggering 15% of all NFT trading volume, showcasing its prowess in handling the needs of gaming ecosystems.

    $GFOX: The GameFi Token That Will Dominate the Industry 

    Galaxy Fox is a rising star in the world of cryptocurrencies, securing a spot in the best upcoming ICO list of many investors and analysts. Unlike traditional meme coins that offer little beyond hype, Galaxy Fox blends GameFi elements with a playful nod to meme culture, creating a unique and enticing investment opportunity.

    Galaxy Fox breathes new life into the meme ecosystem by introducing innovative features that combine gaming with financial incentives. With a Web3 endless runner game backed by NFTs already in place, the project plans to expand its gaming offerings in the future, promising a diverse and engaging experience for users.

    But Galaxy Fox isn’t just about fun and games—it’s also a sound investment. With a 6% buy-and-sell tax policy, revenues generated from transactions are used to fund staking rewards and maintain a marketplace for trading the coolest NFT assets and digital items. This ensures a steady flow of funds to support the project’s development and reward its community members.

    As Galaxy Fox gears up for its next presale stage, now might be the perfect time to get involved, as the current stage offers $GFOX at a discounted rate of $0.00198. With over $3.2 million already raised and 98% of the tokens for Stage 7 already sold, things are heating up fast. Don’t miss out on this opportunity to join a project poised for success in the burgeoning GameFi space.

    Conclusion

    Galaxy Fox stands as a beacon of innovation in the world of the best upcoming ICO, offering both entertainment and financial opportunities. With its unique blend of GameFi elements and meme culture, it’s primed to dominate the industry in the coming years. Visit Galaxy Fox’s website and join their community via Telegram to learn more and get involved in this exciting project.

    Learn more about $GFOX here:

    Visit Galaxy Fox Presale | Join the Community

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