Day: February 20, 2024

Crypto price prediction: Filecoin, Monero, Bitbot

Cryptocurrency prices experienced some volatility on Tuesday as a risk-off sentiment prevailed in the market. Bitcoin rose to the key resistance point at $53,000 and then pulled back sharply to about $51,000. Most altcoins and American equities also pulled back. This article looks at some of the top tokens like Filecoin (FIL), Monero (XMR), and Bitbot, which has raised over $642k as you can see here.

Bitbot token sale gains steam

Bitbot, an upcoming blockchain network, has continued raising thousands of dollars in the past few months. Data in its website shows that it has raised about $642k in the past few weeks. This is an impressive sum that could continue increasing in the next few months.

Bitbot is a company that aims to become the biggest Telegram bot in the industry. A Telegram bot is a piece of software that provides signals to traders in the crypto, stocks, and forex market. In its case, Bitbot aims to be an alternative to the thousands of bots that exist in the industry.

It will have a few features such as self-custody, decentralization, and major rewards to its users. The token will also have a similar utility with Uniswap’s UNI token. For example, it will have revenue sharing with its holders. This is a situation where the platform shares its revenue with its token.

The other benefit is that Bitbot will have a big community of passionate and seasoned trading experts. These traders will be able to share their experiences among themselves. 

Filecoin price forecast

Filecoin, the giant file storage blockchain network, was in the spotlight this week as it integrated with Solana, one of the fastest-growing players in the industry. This integration led to a major jump in FIL price, which jumped to a high of $8.22. This was a strong rally since the token was trading at $4.60 a few weeks ago.

Filecoin has now pulled back sharply as investors start to take profits. It has crashed to the key point at $7.20. On the 4H chart, it remains above the 50-period moving average while oscillators have all pointed downwards.

Therefore, I believe that Filecoin will drop to about $7 and then resume the bullish trend as investors buy the dip and as the ongoing shakeout fades. In this case, a rebound to $8 will likely happen this week.

Monero price prediction

The XMR price bottomed at $109.26 this week. It has now bounced back and is hovering at the 50-period moving average. The Relative Strength Index (RSI) and the Stochastic Oscillator have pointed upwards. 

Monero has also risen slightly above the key resistance point at $122.50, its highest point on February 18th. Therefore, the outlook for the token is bullish, with the next level to watch being at $130, its highest point this month.

The post Crypto price prediction: Filecoin, Monero, Bitbot appeared first on CoinJournal.

Upward trends predicted for Polkadot & this Shiba Inu killer as $2T market cap boosts Bitcoin toward $69K target

Bitcoin, the pioneer of cryptocurrencies, continues its impressive rally as it edges closer to the $69,000 mark, driven by a surge in market capitalization that surpasses $2 trillion.

This monumental achievement reflects the growing confidence and adoption of digital assets, propelling Bitcoin to new all-time highs.

Bitcoin’s market cap milestone

The recent surge in Bitcoin’s price is underpinned by a significant boost in its market capitalization, which now exceeds $2 trillion. This milestone solidifies Bitcoin’s position as the top cryptocurrency to buy, attracting institutional and retail investors seeking exposure to the digital asset market. The unprecedented growth in market cap underscores Bitcoin’s status as the best cryptocurrency to invest in for long-term returns.

Favourable market conditions and increasing demand from investors worldwide fuel Bitcoin’s upward trajectory. The cryptocurrency market’s bullish sentiment is evident as Bitcoin rallies above $51,000, triggering major short liquidations and propelling its price toward the $69,000 target. The Fear & Greed Index, a key indicator of market sentiment, reflects extreme greed among investors, signalling a potential continuation of Bitcoin’s upward momentum.

Upward trends for Polkadot

Polkadot, an open-source sharded multichain protocol, is gaining traction as a top altcoin to watch. It is an innovative open-source sharded multichain protocol designed to facilitate interoperability between specialized blockchains. It serves as a foundation for a decentralized web, allowing seamless cross-chain transfer of various data and asset types.

With its layer-0 metaprotocol architecture, Polkadot enables autonomous and forkless code updates through on-chain governance. Its native DOT token plays multiple roles, including staking for security, network governance, and bonding tokens for parachain connectivity. 

Polkadot’s unique components, such as the Relay Chain and parachains, offer scalability, flexibility, and secure interactions among diverse blockchain networks, making it a prominent player in the crypto space.

Shiba Inu killer on the rise

While Bitcoin dominates the headlines with its impressive performance, other cryptocurrencies are also poised for upward trends. Shiba Inu Killer (Rebel Satoshi), symbolized as $RBLZ, is garnering attention as a promising meme coin and potential challenger to Dogecoin. 

With its upcoming presale and planned launch on the Ethereum network, Rebel Satoshi presents an exciting opportunity for investors to capitalize on the growing meme coin market. The Rebel Satoshi presale has sold over 123 million RBLZ tokens, raising approximately $1.8 million and nearing the $2 million milestone.

The Rebel Satoshi presale presents an attractive investment opportunity for investors seeking exposure to promising cryptocurrency projects. Built on the Ethereum network, known for its security and reliability, Rebel Satoshi smart contracts have been audited by a top auditing firm, Source Hat, ensuring the safety of investors’ funds. This is why it is regarded as the best memecoin. 

With the presale concluding on February 29, 2024, and the launch planned shortly after, now is the opportune time to consider investing in Rebel Satoshi ($RBLZ). The initial launch price for $RBLZ is set at 0.025, with previous rounds selling out quickly, highlighting the strong demand for this innovative project. The community is actively involved in developing the Rebel Satoshi ecosystem, with discussions underway for tier 1 centralized exchange (CEX) listings to enhance access and liquidity.

Final Thoughts

As Bitcoin continues its remarkable ascent, surpassing $2 trillion in market capitalization, the cryptocurrency market is brimming with optimism and opportunity. Alongside Bitcoin, altcoins like Polkadot and Rebel Satoshi ($RBLZ) are poised for upward trends, offering investors diverse options to explore in the ever-evolving digital asset landscape. 

With the Rebel Satoshi presale nearing its conclusion, investors are encouraged to seize this opportunity and participate in one of the most exciting cryptocurrency projects of the year.

For the latest updates and more information on the RBLZ presale, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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MANTA soars amid BNB Chain integration; Avalanche’s foot on the gas as investors swarm InQubeta presale

As February unfolds, it has been an exciting ride with an endless stream of surprises, from GoDaddy’s integration with ENS to Manta Network’s (MANTA) integration with BNB Chain. On February 15, the blockchain project Manta Network announced interoperability with BNB Chain, stirring up much buzz and propelling its price upwards.

Following closely behind is Avalanche (AVAX), whose rally persists, aiming to break key resistance. Meanwhile, InQubeta (QUBE), an emerging crypto and one of the most promising new ICOs, has become an investor favourite, soaring past $9.7 million in presale.

InQubeta (QUBE): massive presale participation

The InQubeta (QUBE) presale is one of the biggest highlights of 2024, recently soaring past $9.7 million raised. The overwhelming participation in the ICO is because of its staggering growth potential as a new crypto and its bullish narrative as an AI altcoin. Poised to skyrocket after launch, investors have been positioning themselves to ride this bullish wave.

It stands out thanks to its blend of AI and blockchain and the problem it aims to solve in the fast-rising AI sector. It will build the first Web3 crowdfunding platform for AI startups through crypto, allowing them to raise capital through the QUBE token. Of equal importance is its custom-built NFT marketplace. Here, fundraising and investment activities will be held, and investors will enjoy democratized access to the lucrative AI market through the fractional investment model.

In the seventh stage of the presale, a token is competitively priced at just $0.0224. Analysts predict a 5,600% upswing after its launch, positioning it as the best new crypto to invest in and a highly recommended presale.

Manta Network (MANTA): integration with BNB Chain

Manta Network (MANTA) is hailed as the modular ecosystem for Web3. It is a new altcoin that launched after a successful ICO held between January 16 and 18, 2024. It saw a slight decline after registering a peak at the end of January. Nevertheless, the bulls have been mustering strength, with MANTA gaining momentum.

A piece of exciting news that has sent a frenzy around the community involves the Manta Network expanding interoperability between its Manta Pacific network and BNB Chain. This cross-chain bridge comes with several benefits. For one, users can easily swap MANTA with BNB and engage in farming opportunities with a $BNB/$MANTA liquidity pool on PancakeSwap.

This integration was announced by the modular L2 platform on February 15 via X (formerly Twitter). Following the announcement, Manta Network saw a slight uptick. Given its significant growth potential as a new altcoin, it is one of the best cryptos to buy now.

Avalanche (AVAX): upward trend continues

Avalanche (AVAX) is a layer-1 blockchain platform for decentralized applications (dApps) and custom blockchain networks. It is one of the biggest Ethereum rivals, and its rising adoption makes it a good crypto to buy.

The overall market rally propelled the price of Avalanche, leaving holders excited. With its foot firmly on the gas — riding the bullish wave to the fullest — it is among the best cryptos to invest in.

Given its critical role in the crypto space — a popular layer-1 blockchain platform — and its remarkable market performance, Avalanche is a solid altcoin. In order not to miss out on its run, you can add AVAX to your crypto portfolio now.

Conclusion

Manta Network’s recent integration with BNB Chain highlights its interoperability growth. Meanwhile, Avalanche’s upswing continues, and the InQubeta presale has been selling out fast. 

To become an early QUBE holder and position yourself for significant gains, you can participate in the presale by visiting the InQubeta Presale and joining the InQubeta Communities for updates.

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ETH price outlook: Analysts say $3k “a relatively small obstacle”

Ethereum (ETH) price hit $3,005 on Coinbase on Tuesday, rising to its highest level since April 2022.
About 879,000 addresses were in a loss and could sell when prices break above this level.
While ETH fell below the psychological level, analysts outline $3k as a “a relatively small obstacle”.

Ethereum (ETH) price rose to the psychological level of $3,000 for the first time in nearly two years on Tuesday, February 20. The cryptocurrency saw its value jump from lows of $2,880 to touch $3,005 on Coinbase, and $3,003 on Binance.

ETH price and the $3k hurdle

Ethereum‘s upside, which comes amid a significant move of over 25% in the past two weeks, means several Ethereum addresses that were in the red managed to turn profitable.

This in turn, suggests a potential retreat for the second-ranked crypto by market cap if these addresses decide to sell or break even. It could see ETH trade to support levels again, possibly below $2,900 before bouncing to target higher price levels.

According to IntoTheBlock, the on-chain picture for ETH at the $3k level indicates this should be a “relatively small obstacle” for bulls.

While a look at on-chain data shows more than 16 million ETH addresses, or about 14.7% of the wallets, were still in a loss with prices below $3k, more than 83% are in profit. Going by this, the 879k addresses likely to turn profitable above $3k might not present a major hurdle. However, there may still be some struggle to break past $3,400.

ETH is extremely close to breaking $3k. Here’s what the onchain picture looks like👇
➖In total, there are still over 16 million ETH addresses holding at a loss (~14.7%).
➖There are about 879k addresses that would become profitable as Ethereum breaks $3k.
➖These addresses have… pic.twitter.com/P4hby7NdJJ

— IntoTheBlock (@intotheblock) February 20, 2024

ETH traded to highs of $4,800 during the previous bull market and analysts have called for a break to above $5,000 in coming months. The potential approval of the first spot Ethereum exchange-traded fund (ETF) in the US and network developments amid the Dencun upgrade could be key catalysts.

At the time of writing, ETH/USD changed hands around $2,924 on Binance.

Ethereum price on the daily chart. Source: TradingView

 

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Web3 Greatest Startup Competition Hits $10M in Prizes

Paris, France, February 20th, 2024, Chainwire

We’re thrilled to announce the return of the highly anticipated Startup Competition at Paris Blockchain Week. With a staggering array of prizes totaling over $10 million, encompassing funding, grants, credits, accelerations, listing, and more, this competition has become a cornerstone event within the blockchain startup ecosystem.

Partners include industry leaders, investors, and blockchains from all over the world: Tim Draper, RockawayX, AWS, Consensys, CoinMarketCap, Coin Academy, iExec, Blockchain Founders Fund, Outlier Ventures, Foresight Ventures, Mantle, Mirana, Morningstar, NEO, Bit2Me, XRP Ledger, Pitchbook, Bitpanda, CV Labs, Stellar, Canonical Crypto, Node Capital, Hello Labs, Killer Whales, Orange DAO, Blockwall, v3ntures, Cointelegraph, TDeFi, HUMANS, LBanks, VNTR, and Mercy Corps. Partners are instrumental in shaping the event, contributing significantly beyond the $10 million prize pool. Their commitment extends to sourcing exceptional founders and actively engaging in the selection of the Top 100 contenders. This robust support highlights the actor’s crucial role in fostering innovation and growth within the blockchain sector.

“PBW Startup Competition opened a lot of doors and gave us access to a world-class network of investors and builders” remarked last edition gold winner, Xverse.

“It was a game-changer for our roadshow. Not only did we secure funding, but we also boosted our visibility and oversubscribed our seed round!” underlined the Bubblemaps team, silver medal winners.

The prize package, totaling $10 million in assorted prizes, sets a new industry record. Not only does it offer substantial funding opportunities but also grants, acceleration, credits, and mentoring from leading VC firms and companies. It also promises significant visibility for the winners. Included in the bundle are PR and media grants, as well as an exclusive chance to pitch on Apple TV’s ‘Killer Whales’ show.

Startups have until February 29, 2024, to apply. Following this, the Top 100 will be selected and announced on March 10. Investors will then have until March 25th to pick the 10 finalists. The latter will be invited, free of charge, to pitch their project at the Investor Day on April 11, 2024. After their presentations, the panel of judges will select four winners to present on the Carrousel du Louvre Master Stage, and pitch Tim Draper, live on an episode of ‘Meet the Drapers’ TV show.

The jury panel boasts esteemed figures such as Tim Draper, alongside seasoned experts from leading entities in the industry, including Lightspeed Ventures, Stellar, RockawayX, NEO, and Bit2Me.

The competition is expected to draw over 1,000 ambitious startups eager to showcase their innovations. Additionally, it anticipates attracting the participation of over 500 investors of all kinds: VCs, Business Angels, Accelerators, Incubators, DAOs, institutional, and LPs,  providing an unparalleled platform for networking, collaboration, and investment opportunities.

On April 11th, the third day of Paris Blockchain Week will feature a Startup Village, an Investors Lounge, and a specialized stage for panel discussions and keynotes on Web3 ventures, fundraising, and market trends.

The Paris Blockchain Week Startup Competition stands as the biggest event of the year for startups and investors in the Web3 ecosystem. We are immensely proud to showcase innovation within our industry through this competition, which aims to be the largest of its kind globally.

Visit https://www.parisblockchainweek.com/start-up-competition for more information.

About Paris Blockchain Week

Paris Blockchain Week is a leading organization in the blockchain/web3, dedicated to fostering innovation, collaboration, and knowledge sharing. As the premier event platform, we bring together thought leaders, industry experts, developers, entrepreneurs, investors, regulators, and enthusiasts from around the globe to explore the potential of blockchain technology and its transformative impact on various sectors.

The 5th edition, taking place at the Carrousel du Louvre between 9 – 11 March is set to welcome 10,000+ attendees and 500+ speakers, including Richard Teng – CEO of Binance, David Marcus – CEO & Co-Founder of Lightspark, Denelle Dixon – CEO & Executive Director of the Stellar Development Foundation, Jeremy Allaire – CEO of Circle, Ryan Selkis – CEO of Messaris, Silvia Attanasio – Head of Innovation at the Italian Banking Association & Member of the Digital Euro Advisory Board, Yat Siu – Co-Founder and Executive Chairman of Animoca Brands, Mihailo Bjelic – Co-Founder of Polygon, Mo Shaikh – CEO of Aptos, Alex Matsuo – Co-Head of Web3 at Amazon Web Services, Silvio Micali – Founder of Algorand and Yoni Assia – CEO of eToro, to name a few.  For more information please visit https://www.parisblockchainweek.com

 

Contact

Leora Schreiber
parisblockchainweek@marketacross.com

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Polygon Labs, Animoca Brands partner with Human Institute to launch ZKP-powered palm recognition

Humanity Protocol emerges from stealth with Human Institute, Polygon Labs and Animoca Brands partnership.
The protocol provides for a privacy-preserving alternative to the more invasive biometric methods such as iris scans.

Human Institute has announced the launch of Humanity Protocol, a zkEVM Layer-2 blockchain protocol that leverages the Polygon CDK to offer a new palm recognition technology for Web3 identity verification.

The protocol has emerged from stealth with the backing of Polygon Labs and Animoca Brands, according to details shared in a press release.

Non-invasive biometrics

Humanity Protocol founder Terence Kwok, Animoca Brands co-founder Yat Siu, and Polygon Labs co-founder Sandeep Nailwal form the founding council for the new project.

Per the Human Institute, the new protocol provides for a privacy-preserving alternative to the invasive biometric methods. Such methods includes Worldcoin’s (WLD) iris scans.

Existing Proof-of-Personhood technologies can be invasive, complex, or burdensome. By leveraging the cutting-edge technology using non-invasive biometrics that lies at the core of the Proof-of-Humanity consensus mechanism, Humanity Protocol is building a user-centric ecosystem that can onboard millions to a verifiable digital identity solution that is truly decentralized and respects the principles of true digital ownership, in the process enabling better equity and inclusion for all participants,” Yat Siu said.

According to the Human Institute, the technology will benefit various decentralized applications. These will include fully on-chain games, Decentralized Social Media (DeSO), Real World Assets (RWA), enterprise DeFi solutions, and Decentralized Physical Infrastructure (DePIN) systems.

As the world’s first blockchain ecosystem to not only be truly sybil-resistant but also to natively integrate verifiable credentials into a decentralized validator node network, Humanity Protocol lays the foundation for a wide variety of blockchain and real-world applications to be built on top,” Sandeep Nailwal commented.

Users will easily access the zkVM-powered protocol through smartphones. The testnet will allow onboarded users to earn rewards.

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Shiba Inu (SHIB) and Solana (SOL) gain momentum as NuggetRush prepares for Launch

Shiba Inu has witnessed a sustained 11.11% price increase over the last two weeks.
On February 16, 2024, Solana (SOL) partnered with Filecoin (FIL) to enhance on-chain data accessibility.
NuggetRush (NUGX) is currently in the ICO stage, attracting investors with its focus on GameFi benefits and community growth.

Three distinct players have recently captured the attention of cryptocurrency investors—Shiba Inu (SHIB), Solana (SOL), and NuggetRush (NUGX).

With unique developments and promising prospects, these cryptocurrencies stand out in the current market landscape. Shiba Inu, Solana, and NuggetRush showcase the diverse and innovative developments driving the crypto market forward, making them notable considerations for seasoned and novice investors.

Shiba Inu (SHIB): Shibarium’s surge and price projections

In an interesting turn of events on February 16, 2024, Shibarium, Shiba Inu’s (SHIB) Layer-2 blockchain solution, recorded an increase of 80% in network activity overnight. Crypto news and data published on Shibariumscan indicated an unexpected spike, with daily transactions exploding from 1.07 million to a staggering 1.92 million.

The abrupt increase in network activity signalled possible Shiba Inu (SHIB) price movements. Interestingly, the increase aligned with the sustained upward momentum in Shiba Inu’s (SHIB) price.

In the last two weeks, Shiba Inu (SHIB) has recorded an impressive surge of over 11.11%, marking a consistent upward movement attracting more investors to this altcoin. Analysts are now confident that Shiba Inu (SHIB) will turn the nearest resistance zones into strong support in the near term.

These developments injected renewed enthusiasm into Shiba Inu (SHIB) and the Elon meme coins in general. With that in mind, the focus has increased on Shiba Inu as Shibarium and SHIB keep thriving.

On February 18, Shiba Inu (SHIB) was trading at $0.000009695, up 2.65% in the past week. Experts say SHIB will rise to $0.000009915 by the end of the month, supported by increased activity on its network.

Solana (SOL): a strategic partnership and ongoing developments

On February 16, 2024, Solana (SOL) announced it had partnered with Filecoin (FIL). With Filecoin instruments incorporated, Solana (SOL) will advance the accessibility of its on-chain data for network operators. The new collaboration unlocks new opportunities for Solana (SOL), helping boost its network performance and transaction speed. Furthermore, the new design makes Solana’s (SOL) ecosystem decentralized.

On February 14, Solana (SOL) surged to surpass Binance’s BNB token to claim the fourth-biggest spot in the crypto market cap list. However, it has since dropped back to the fifth position. As more developments are introduced on the platform, the price of Solana (SOL) is expected to surge further in the upcoming bull cycle.

On February 18, Solana (SOL) was valued at $112.05, up 2.41% in the past week. Experts say Solana (SOL) will rise to $117.55 by the end of the month, supported by developments on its network. Hence, SOL is a good crypto to buy today.

NuggetRush (NUGX): transforming blockchain gaming with GameFi

NuggetRush (NUGX) is currently in the blockchain ICO stage. It is well-designed to enrich investors by offering the many benefits of GameFi. Investors are rushing to buy into this project since NUGX prioritizes the growth of a healthy community. NuggetRush (NUGX) utilizes groundbreaking technology to power an interesting game and active community, making it the best crypto to buy.

NuggetRush’s game is among the most exciting games in the crypto space. The gameplay revolves around games that handle their mining operations. In that context, NuggetRush provides the players with a small land and essential mining equipment to begin participating in the game.

These in-tame tools allow players to survive in the different game levels as they explore the areas with rich mineral potential. Notably, NUGX is designed with multiple attractive NFT gaming characters.

NuggetRush’s (NUGX) major benefit is that the players earn rewards and collaborate to increase their reward-earning potential and opportunities. Additionally, gamers receive rewards for participating in battles, ranked plays, tournaments, and quests.

Gamers can partner with others and join mining guilds to increase their efficiency and enjoy the shared rewards. NuggetRush (NUGX) is designed to offer many passive income opportunities besides the P2E gaming concept. Traders can buy, sell, and exchange in-game rewards and assets for tangible money on NuggetRush’s (NUGX) popular NFT marketplace.

NuggetRush is in round 5 of its presale, valued at $0.018, having sold over 186 million NUGX tokens and raised over $2.3 million. The price will rise to $0.020 once NUGX lists on the mainstream exchanges.

For more information on the NuggetRush presale, visit the NuggetRush Presale Website.

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Starknet’s STRK sees volatile market debut following airdrop

Starknet (STRK) price swung sharply as trading opened on major crypto exchanges.
The Starknet Foundation’s distribution of STRK to eligible airdrop participants started at 12:00 UTC.

The price of STRK, the native token of Ethereum Layer-2 platform Starknet, has dropped sharply after its market debut.

On the crypto exchange KuCoin, STRK rose as high as $5 before swiftly falling to lows of $2.10. Meanwhile, data on CoinGecko showed the token’s value rose to $4.41 on most exchanges but also fell sharply – STRK declined 47% to $2.30 and was changing hands around $2.66 at the time of writing.

STRK trading and distribution live

The Starknet (STRK) price performance comes after the token’s distribution went live today February 20. Over 700 million tokens airdropped to 1.3 million addresses are now available for claiming, the Starknet Foundation announced on Tuesday.

At the same time, STRK began trading on major exchanges, including Binance, KuCoin and Bitfinex.

Starknet Foundation said the provisions program would see the community collect 50% of the airdrops with those to benefit including early contributors and Starknet users. Also eligible are StarkWare employees, Starknet developers and ETH stakers.

It’s time.

Congratulations to all those who have pioneered Starknet, and to everyone that will now guide its future!

To claim STRK, visit https://t.co/D7Jtse1JCP

Note: Provisions claims are open now, and until June 20th 2024. pic.twitter.com/flrtVrOZXC

— Starknet Foundation (@StarknetFndn) February 20, 2024

Binance, which added support for STRK trading today and announced support for the distribution to its ETH stakers, said it had distributed 10,178,280 STRK to all eligible users who staked ETH on its platform. The distribution was completed at a ratio of 10.26375 Binance said in an announcement.

STRK tradng on Binance opens at 13:00 UTC on February 20.

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Record-breaking month for Bitcoin ETFs in market debut; rising memecoin could outshine Cardano

The cryptocurrency market is witnessing unprecedented growth, with Bitcoin ETFs making a historic debut and the emergence of promising altcoins like Rebel Satoshi ($RBLZ). 

This article explores the record-breaking month for Bitcoin ETFs and analyzes the potential of Rebel Satoshi in comparison to established players like Cardano.

Bitcoin ETFs surge after market debut

In recent months, the cryptocurrency market has experienced significant milestones, with the launch of Bitcoin exchange-traded funds (ETFs) marking a historic moment. The process of bringing spot Bitcoin ETFs to the US market took over a decade, but finally, on January 11, 10 such products began trading. 

The market response has been overwhelming, with these ETFs accumulating an average of $125 million worth of Bitcoin daily over the past four weeks. Despite heavy outflows from the Grayscale Bitcoin Trust (GBTC), Bitcoin ETFs ex-GBTC have amassed over $11 billion worth of Bitcoin in just one month.

The success of Bitcoin ETFs has exceeded expectations, with BlackRock’s IBIT, Fidelity’s FBTC, and Ark 21’s ARKB leading the pack. These ETFs have collectively amassed billions of dollars in assets under management (AUM), with IBIT nearing $5 billion and FBTC nearly $4 billion in AUM. BlackRock’s IBIT has even secured a position in the top five ETFs based on 2024 inflows, rubbing elbows with industry giants like iShares Core S&P 500 ETF and Vanguard S&P 500 ETF.

Rebel Satoshi ($RBLZ) vs. Cardano: analysts’ perspective

While the spotlight shines on Bitcoin ETFs, analysts are closely watching the rise of Rebel Satoshi ($RBLZ) as it aims to outshine established altcoins like Cardano. 

Analysts predict a bullish trajectory for Rebel Satoshi, citing its innovative approach and strong community support. Compared to Cardano, Rebel Satoshi offers unique features and potential for exponential growth in the cryptocurrency market.

Amidst the dominance of Bitcoin ETFs, Rebel Satoshi ($RBLZ) emerges as a promising contender in the cryptocurrency market. With its presale selling over 123 million RBLZ and raising $1.8 million, Rebel Satoshi is gaining momentum as the next big player. Built on the Ethereum network, Rebel Satoshi offers a secure investment opportunity audited by top auditing firm Source Hat.

The Rebel Satoshi presale nearing $2 million in funds raised. With previous rounds selling out quickly, the presale offers an opportunity to secure RBLZ tokens at its initial current price of 0.024 USDT. The community-driven ecosystem of Rebel Satoshi, coupled with upcoming launches on decentralized and centralized exchanges, positions it among the top cryptos to buy for long-term growth.

Final Thoughts

The cryptocurrency market is witnessing remarkable developments, from the record-breaking performance of Bitcoin ETFs to the rise of promising altcoins like Rebel Satoshi. As investors navigate the dynamic landscape of crypto investments, opportunities abound for those seeking to capitalize on the market’s bullish momentum. 

With the Rebel Satoshi presale in full swing and Bitcoin ETFs making waves, now is an opportune time to explore the diverse investment options offered by the cryptocurrency market. Whether you’re a seasoned investor or a crypto beginner, staying informed about one of the best cryptocurrencies to invest in today can pave the way for a prosperous future.

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

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UK stablecoin and staking regulation likely within six months: Report

The UK government expects the country’s stablecoin and staking legislation within six months.
Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, said this during an event hosted by Coinbase in London.

The UK government expects new regulations on stablecoins and staking services to roll out in the country within the next six months, Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, has noted.

According to a Bloomberg report, the government is focused on having the legislation in place this year as part of the overall push for regulatory clarity for the crypto sector.

“We’re very clear that we want to get these things done as soon as possible. And I think over the next six months, those things are doable,” Afolami said during an event hosted by Coinbase in London.

Afolami’s comments come as observers point to the government’s plans to have the crypto regulation regime in place before the elections. While he could not provide a specific timeline on when to expect the broader crypto regulations, Afolami agreed that “there’s just a huge amount going on.”

UK’s push for crypto regulation

The government’s timeline for stablecoin and staking regulations looks to align with steps taken in 2023 as the UK pushes to be a global hub for crypto and blockchain innovation. 

Last year, the UK parliament passed the Financial Services and Markets Bill. The Bank of England and the Financial Conduct Authority (FCA) also announced regulatory guidelines for stablecoins in October, with a consultation setting up implementation of the crypto rules starting in mid-2024.

As CoinJournal reported in October, the targeted stablecoin regulation focuses on the fiat-backed tokens’ use in payment chains as well as their issuance and custody.

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