Day: January 14, 2024

Bitbot launches its presale this week: What should you know?

Bitbot (BITBOT) is a new Telegram trading app that launches its presale on January 17, 2024.
As traders eye opportunities, cryptocurrencies and Bitcoin ETFs are getting in the spotlight.
BITBOT holders will benefit from a unique revenue sharing model.

Cryptocurrency news headlines last week were predominantly about the roll out of spot Bitcoin ETFs. While focus is likely to continue hovering around the ETFs and the potential short term Bitcoin price outlook, this coming week could be big for traders amid the launch of Bitbot (BITBOT).

BlackRock holds 11,439 BTC amid ETF excitement

BlackRock’s IBIT Bitcoin ETF was one of the key drives of the inflows and trading volume for spot Bitcoin ETFs after their debut on January 11. Data shows the asset manager’s holdings rose to 11,439 BTC over the two days of trading.

Eric Balchunas, a senior ETF analyst at Bloomberg, also shared data showing Bitcoin ETFs saw more than $1.4 billion in new cash over the two days. With Grayscale’s GBTC’s recording outflows of about $579 million, the net inflows stood at over $819 million.

Meanwhile, BlackRock’s IBIT led the flows with $500 million as the cumulative trading volume hit $3.6 billion from 500,000 individual trades. If the analysis includes GBTC figures, individual trades reached 1.2 million, which the analyst says is an “impressive” feat.

The anticipation is that Bitcoin price will bounce amid further demand pressure. While the sharp BTC decline that followed Bitcoin ETF’s launch had traders scrambling, analysts believe the market will eventually embrace the long term impact of the ETFs’ approval.

Among tools that traders might want to tap into as the market matures is Bitbot.

What is Bitbot (BITBOT)?

Bitbot (BITBOT) is a new Telegram trading bot that’s billed the first non-custodial bot in the world, and is attracting huge attention.

One of the key aspects setting Bitbot apart from current Telegram bots is its focus on security and user privacy. Other than the advantage of access to institutional-graded trading tools, full custody of one’s assets is a major factor.

Retail traders eyeing this bot’s upcoming launch also see its robust security, enhanced by MPC custodial technology and backed by Knightsafe smart contract wallet, as a huge improvement on current offerings.

Bitbot’s Anti-MEV Bot and anti-rug features are also huge additions that will see the Telegram trading community avoid incidents such as those that hit Maestro and Unibot in 2023.

Bitbot presale goes live this week

Powering this platform is the native ERC-20 token BITBOT. This is the governance token and will also offer access to the trading bot’s bespoke wallet management and low gas options. 

BITBOT is also crucial in Bitbot’s revenue-sharing mechanism, offering holders an opportunity to earn a share of the revenue as the platform expands its utility across the trading ecosystem.

BITBOT has a total supply of 1 billion tokens, 30% of which is set for public presale starting on January 17, 2024.

Learn more about Bitbot’s upcoming launch here.

The post Bitbot launches its presale this week: What should you know? appeared first on CoinJournal.

As Litecoin loses steam, Rebel Satoshi gains momentum with investors

Litecoin (LTC) dips despite achieving a milestone on BitPay. 
Rebel Satoshi (RBLZ) leads the top ICO list in its presale. 
$RBLZ announces launch timeline after raising $2 million. 

Litcoin (LTC) has failed to make a comeback in recent weeks, leaving the field open for other altcoins. Rebel Satoshi (RBLZ) is a new meme coin that is attracting Litecoin investors with 150% potential gains. 

Let’s review the latest news about LTC and $RBLZ to find the best crypto to invest in!

LTC dips by 6.6% despite achieving a milestone on Bitpay

On December 30, 2023, the Litecoin Foundation shared on Twitter (now X) that LTC exceeded all other altcoins on BitPay last month. Litecoin was the number 1 choice for crypto payments on the world’s largest crypto payment processor. 

The Litecoin community welcomed the news, hoping it would help LTC improve in value. But despite the good news, LTC, the native token from Litecoin, continued its dip. The LTC price decreased by 6.6% in ten days from $72.64 to $67.84. So, is LTC still the best crypto to buy?

Although LTC is currently in a dip, Litecoin price prediction suggests that things can get better by the end of 2024. If the market turns bullish, LTC will reach the maximum predicted price of $111.55 in 2024.

However, if bearish trends affect the market, Litecoin won’t get the predicted increase of 52.9% in its value. In the case of a bearish scenario, Litecoin will be trading at $89.58 per LTC by the end of 2024. 

$RBLZ becomes investor favourite after raising $2M

Meme coins are abundant in the crypto market. However, not all of these meme coins are worth investing in. But Rebel Satoshi, a new meme coin inspired by Satoshi Nakamoto and Guy Fawkes, has caught the eyes of investors while still in its presale. 

Rebel Satoshi is a meme coin with a mission. It plans to herald a new era of decentralization with its native token, $RBLZ. Rebel Satoshi also aims to develop a community for the underdogs so they can challenge centralized systems together. 

$RBLZ, the native token from Rebel Satoshi, has broken records in its ongoing presale. Rounds 1 and 2 of the $RBLZ presale were sold out in ten and 15 days, respectively. Currently, the $RBLZ presale is in the Citizens Round 3 stage, where each token is available at $0.025. Only 25 million $RBLZ tokens are available in the current stage. 

Those who invested in $RBLZ early on can expect a 150% return on investment when Rebel Satoshi officially launches. $RBLZ is expected to start trading at $0.025 once it launches on DEX. 

As February 2024 has been picked as the launch month, there’s not much time left to benefit from the presale. So, you can use Bitcoin and 50 top altcoins to join the Rebel Satoshi presale today. 

Investing in $RBLZ will bring all sorts of exclusive benefits as well as the chance to contribute to the Rebel Satoshi ecosystem. So, act fast if you don’t want to miss out on the Rebel Satoshi hype train. 

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

The post As Litecoin loses steam, Rebel Satoshi gains momentum with investors appeared first on CoinJournal.

Solana tokens Solend and Jito are soaring as Memeinator thrives

Solana and its top tokens are rebounding as a sense of fear spreads in the market.

Some of the most notable tokens are Jito and Solend.

Memeinator has raised over $3.5 million from its investors.

Cryptocurrency prices had a volatile performance last week as investors cheered the latest SEC approval of Bitcoin ETFs. While Bitcoin initially jumped after the report, it then pulled back sharply as traders sold the news. It remains sharply below last week’s high of $49,000.

Solana tokens rebound

However, some altcoins have stepped in to continue the rally. Solana, the fifth biggest cryptocurrency, has risen by over 5% in the past 24 hours and is approaching the psychological level of $100. 

Some of the most prominent tokens in the ecosystem like Solend (SLND) and Jito have jumped further. Solend rose by over 43% while Jito jumped by over 23% in a high-volume environment. Other tokens like Bonk and Raydium also soared.

It is unclear why these tokens bounced back during the weekend since there was no major related news. A likely reason is that Solana and its tokens are merely having a buy-the-dip situation after they pulled back in the past few weeks. 

Solana and its ecosystem tokens were among the best-performing cryptocurrencies in 2023 even as concerns about FTX rose. The SOL token jumped by more than 700% from the lowest point in 2023 to its peak. Similarly, tokens like Bonk, Solend, and Raydium surged as they gained market share in their ecosystem.

Solana is also likely rising as traders anticipate a filing for a Solana ETF. While this is possible, it is unlikely that the SEC will approve it because it sees the token as a financial security because of its staking features.

Memeinator is thriving

Meanwhile, Memeinator, an upcoming token is thriving, as evidenced by its ongoing token sale. The developers have already raised over $3.5 million from traders who hope to make a fortune when it lists in the coming months. 

Many early investors of tokens have gone ahead and made a fortune when their tokens goes parabolic. A good example of this is traders who bought a token like Bonk in December 2022. In the end, the token surged by more than 5,000% in 2023 as meme coins surged.

Similarly, people who bought tokens like Shiba Inu, Pepe, and Dogelon Mars made exciting returns when they surged.

Memeinator hopes to create value for its token holders in various ways. For example, it hopes to spend heavily on marketing to make its token the most popular meme coins in the market.

Additionally, they hope to build an entire ecosystem revolving Memeinator. This includes a gaming and NFT platform. Also, they will take advantage of the growing concept of artificial intelligence (AI) to build a good ecosystem that will thrive in the long term.

This is a major concern that most meme coins have had over the years. In most cases, these tokens tend to do well in the short-term and then die down in the long term. A good example of this is tokens like Dogelon Mars and Floki Inu.

Memeinator has done a lot to create a brand, which explains why it has raised millions of dollars in the past few months. For example, they have launched several promotions, including one that will see a lucky winner go to space using Virgin Galactic. They also recently launched a major airdrop. You can buy the MMTR token here..

The post Solana tokens Solend and Jito are soaring as Memeinator thrives appeared first on CoinJournal.


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