Category Archive : Mining

$263M of MATIC Circulates after Polygon Unlock; Rising Prospects for Pepe Competitor

In the ever-evolving world of cryptocurrencies, significant developments often shape the landscape, influencing investor sentiments and market dynamics. Recent events involving Polygon’s MATIC token unlock and the emergence of Rebel Satoshi ($RBLZ) as a Pepe competitor have garnered just that sort of attention. 

MATIC Unlock: A Milestone Achievement

Polygon (MATIC), a prominent layer 2 scaling solution for Ethereum, recently achieved a significant milestone with its token unlock process. Etherscan data revealed the transfer of over 273 million MATIC tokens from the Polygon vesting contract to the Foundation, amounting to approximately $263 million. This transfer marked the final token unlock, signifying MATIC’s full circulation in the market.

Implications of MATIC Unlock

Completing MATIC’s token unlock process has profound implications for its price trend and market dynamics. Despite the significant transfer, the immediate market reaction to the unlock was subdued, with no immediate impact on price. However, the influx of MATIC into circulation is expected to increase liquidity, making the token more accessible for trading.

Rebel Satoshi ($RBLZ): A Rising Prospect as a Pepe Competitor

While MATIC’s unlocking unfolds, another crypto project, Rebel Satoshi ($RBLZ), is gaining traction as a potential competitor to popular meme coins like Pepe. With a focus on community engagement and innovation, Rebel Satoshi has attracted major investors and garnered attention for its unique approach to meme coin development. As the crypto market evolves, Rebel Satoshi is positioning itself as a contender among the best meme coins and top altcoins to watch.

Rising Interest in Rebel Satoshi

Rebel Satoshi has emerged as a promising meme coin project, attracting significant investor interest and support. The presale of Rebel Satoshi has seen overwhelming demand, with over 123 million RBLZ tokens sold and $2.1 million raised. Built on the Ethereum network, Rebel Satoshi boasts secure smart contracts audited by a top auditing firm, making it a compelling investment option. This is why some analysts have suggested it could be the best memecoin investment right now.

Upcoming DEX Launch and Community Engagement

The launch of Rebel Satoshi’s decentralized exchange (DEX) is eagerly anticipated, with discussions with tier 1 centralized exchanges (CEX) nearing finalization to enhance access and liquidity. The community is actively involved in shaping the Rebel Satoshi ecosystem post-launch, ensuring its sustainability and growth.

Presale Details and Investment Opportunity

Investors looking to capitalize on the potential of Rebel Satoshi can participate in the ongoing presale, which is nearing its $2 million milestone. With previous rounds selling out quickly, the current presale offers an opportunity to secure RBLZ tokens at an initial price of 0.025 USDT. With only 25 million tokens available in the current round, investors may need to act swiftly to secure their investment.

Final Thoughts

As the crypto market continues to evolve, developments like MATIC’s token unlock, and the emergence of projects like Rebel Satoshi ($RBLZ) present unique opportunities for investors. With MATIC entering full circulation and Rebel Satoshi gaining momentum as a meme coin contender, the crypto landscape is ripe with potential for those looking to explore new investment avenues.

While MATIC’s unlock marks a significant milestone for the project, Rebel Satoshi’s innovative approach and growing community support position it as a top contender in the meme coin space, offering investors an exciting opportunity for long-term growth and engagement.

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

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Cardano’s ADA Price Struggles to Find Direction; Galaxy Fox Sells Over 2.7 Million Tokens in Ongoing Presale

Cardano’s ADA price has been fluctuating this week, down around 2.5% to trade around $0.58. However, this minor pullback shouldn’t alarm ADA holders too much, considering some other major altcoins like AVAX, XRP, and SOL have dropped almost 10% in the same period.

In the meantime, Galaxy Fox continues its fairly decent presale where they have sold over 2.7 million GFOX tokens, demonstrating strong interest from investors. The meme coin raised over $3.5 million so far in its presale event.

Cardano (ADA) Price Action and Analysis

So as mentioned, the ADA price did not change much in the last 7 days. In fact, the price is not far from its 2024 yearly high of around $0.63 set just a few days ago.

Analyzing the ADA/USDT chart, we can see that the price has been trading in a sideways (parallel) channel since December (blue lines on the chart) between $0.45 and $0.67 (December high and 2023 high). 

This neutral price pattern indicates market indecision. Trend traders may want to wait for a definitive breakout in either direction before entering new positions, although typically breakouts occur in the direction of the prevailing trend. Swing traders can aim to trade the range by buying near support and selling near resistance.

The 200-day moving average is currently set at $0.39. For those unaware, the 200-day moving average is a widely-followed technical indicator that smoothes out price action to identify long-term trends. The fact that the ADA price remains comfortably above this level is considered a bullish sign by analysts.

Additionally, the RSI (Relative Strength Index) on the daily ADA chart presently reads 44. The RSI is a momentum oscillator that fluctuates between 0 and 100, with readings above 70 generally considered “overbought” and readings below 30 viewed as “oversold.” The current RSI suggests ADA still has room to rally before becoming overheated on shorter time frames.

As tweeted recently by popular crypto analyst Ali:

“The TD Sequential indicator shows a sell signal on the #Cardano 3-day chart. It’s important to note that the last two times this indicator signaled bearish, $ADA experienced a price correction!”

For context, the TD Sequential is a technical indicator that identifies overbought/oversold conditions to generate trading signals. Ali’s observation indicates ADA may be primed for a pullback after its latest surge, though only time will tell if this comes to fruition.

Speculating forward, if ADA can break out above short-term resistance around $0.65, its next major upside target comes into play around the $1.00 whole-number milestone. However, failure to hold support around $0.45 could open the door for a steeper correction.

Galaxy Fox (GFOX) Presale Progress

Transitioning focus now to meme coin Galaxy Fox, we can see this new project is currently in the ongoing presale event with over 2.7 million tokens sold so far, amounting to over $3.5 million raised. This strong demand highlights genuine interest from crypto investors seeking exposure to what could potentially be the next hot GameFi meme coin.

The current presale price for GFOX sits at $0.002178, with the next pricing stage set at $0.002376. There are presently 10 total stages, with the project currently being in stage 8.

Blending the hype-driven growth of meme coins with play-to-earn tokenomics, Galaxy Fox aims to foster an engaged community of adopters while offering multiple avenues for earning income. Galaxy Fox holders can earn yields through staking rewards, P2E gaming, NFT sales, and more according to its whitepaper. Therefore, GFOX combines the network effects of the burgeoning GameFi industry with the virality of the recovering meme coin vertical.

Galaxy Fox also incorporates NFTs to ensure participants can capitalize on the benefits of the NFT ecosystem as well. During the presale, 3,000 NFTs will be released and made available for minting on Galaxy Fox’s website. Investors can then trade these assets on OpenSea, introducing another channel for potential earnings.

Furthermore, 2% of every GFOX transaction will be directed to the Galaxy Fox Stargate Fund. This community wallet aims to incentivize engagement across social platforms to create sustained buzz around the GFOX token leading up to, and beyond, its eventual market debut.

Final Take

All in all, Cardano’s ADA underwent a minor pullback this week, the price action remains constructive overall. Speculation over Cardano founder Charles Hoskinson’s purported $100 million fund could also spur additional near-term upside for ADA if confirmed.

On the newer altcoin front, Galaxy Fox’s strong presale demand of over $3.5 million looks promising. With mechanisms to reward holders via staking, gaming, NFTs, and community initiatives, GFOX has assembled a diverse array of value drivers that could ignite substantial growth as this new meme coin spreads its wings upon launch.

Learn more about Galaxy Fox ($GFOX) here:

Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter

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Bitbot: The first self-custody Telegram trading bot unlocks infinite crypto possibilities

Telegram trading bots have grown popular due to their seamless trading and automation.
Bitbot is the first self-custodial trading bot on Telegram, with up to 100x potential.
BITBOT investors benefit from enhanced security and earnings opportunities.

The crypto investment landscape is gradually changing, and one of the unavoidable shifts is trading bots. According to data analytics, Dune, DEX trading bot wars are increasing. Consequently, the sector has been dominated by Maestro, BonkBot, Banana Gun, and Unibot in terms of trading volumes. Cumulatively, trading volumes in the DEX bot sector are more than $9 billion. It is no wonder that the launch of Bitbot, a newcomer in the tantalising sector, is bound to gain popularity. Within a few weeks in presale, investors have accumulated over $728,000 worth of tokens. The project unlocks new crypto opportunities, with Bitbot’s self-custodial features fueling a presale frenzy.

Bitbot fuels Telegram trading bot wars with superior features

Telegram trading bots are becoming popular as they enable seamless trading and lightning-fast execution. This has enabled linked cryptocurrencies like Unibot and Banana Gun tokens to gain instant success. But security controversies surrounding Telegram trading bots mean the sector is still yearning for more.

Bitbot is poised for success, owing to its self-custodial features, the first in the DEX bot sector. Coined under its strapline, “Your keys, your wallet, your assets,” Bitbot aims to empower retail investors. This is informed by the need to provide a secure platform and institutional-grade tools for trading. 

With self-custody, Bitbot users exercise complete control of their private keys. This is unlike its custodial predecessors, which hold users’ private keys and funds. The self-custody features benefit traders as they are protected in case of bot hacks and exploits. As the history of previous hacks at Unibot and Banana Gun has shown, security is a major concern with trading bots. Bitbot has been an attraction, given its transfer of ownership to the investor.

Investors are also lured to Bitbot’s security enhancements that ride modern-day intrusions and exploits. In particular, the trading platform is equipped with anti-rug and anti-MEV tools to keep scams at bay. This means BITBOT will remain free from manipulations and unscrupulous practices. As such, investors can own a worthwhile token and grow their incomes.

What is the unique opportunity with Bitbot crypto presale?

Bitbot’s presale is an opportunity to own a cryptocurrency predicted to rise up to 100x. In its quest to dominate the DEX bot sector, Bibot offers additional utilities that include a snipping feature. The capability allows investors to scan for presale opportunities with high potential and profitability quickly. 

Bitbot’s copy trading feature is also key to its early presale success. New investors find the copy trading feature beneficial as they can imitate the trades of experienced traders. This way, the barriers to entry are reduced, increasing earnings opportunities.

A unique opportunity also lies in Bitbot’s revenue-sharing model. This is where token holders are rewarded with a share of fees generated on the platform. The revenue share supercharges investors’ earnings, making Bitbot one of the most profitable trading bots.

There is the expectation that as the presale continues, the value of BITBOT will increase. This is due to the consistent increase in the token’s price at each stage. For instance, in stage 4, BITBOT is priced at $0.0116, an increase from the initial $0.01. 

The presale occurs in 15 stages, which will see 300,000,000 tokens sold. Each BITBOT will be valued at $0.02 at the end of the presale, delivering early gains to presale backers. Investors have been buying the token to maximise the potential gain. 

Additionally, as the token debuts on exchanges in 2024, presale buyers will ride a projected bullish market. The bullishment emanates from trends in the bot trading market and overall sentiment in cryptocurrencies. Notable events such as spot ETFs and upcoming Bitcoin halving are already fueling crypto prices. This has uniquely posited BITBOT for an early take-off and profitability. 

To buy Bitbot on presale, investors can visit the project’s official website page.

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Polygon (MATIC) Teases $1 Resistance; Algorand (ALGO) Prepares for a Breakout; InQubeta (QUBE) Soars Past $10M in Early Funding

Riding the wave of excitement around the recent Starknet and DYM airdrops, the crypto market is on the rise. Polygon (MATIC), one of the top altcoins, has been teasing the $1 resistance, which it has tested a couple of times already this month. Additionally, Algorand (ALGO) is preparing for a breakout, making it one of the altcoins to watch.

In the ICO world, InQubeta (QUBE) recently blasted through $10 million in its early funding, leaving early holders excited. Poised to skyrocket after its launch, some analysts are suggesting QUBE could be one of the best new cryptos to invest in.

InQubeta (QUBE): Racing Past $10 Million in Presale

InQubeta (QUBE) is at the forefront of the ICO market after soaring past $10.3 million in its ongoing presale, leaving most of the new ICOs in the dust. The massive interest in the ICO is due to its staggering growth potential, which also highlights investor confidence in its potential.

A token costs $0.0224 in the seventh stage of the presale. As an emerging crypto, its price is forecast to go much higher, making it a recommended presale for many analysts. According to some experts’ forecasts, there could be an 85x jump after its launch, positioning it as a must-have crypto.

Of equal importance is the critical role it seeks to play in the burgeoning AI sector. Positioned at the intersection of AI and blockchain, it aims to solve key issues within the AI industry, especially fundraising and accessibility.

Taking a unique approach, it will build the first crypto-based crowdfunding platform for AI tech startups, allowing them to raise capital through the QUBE token. Equally important, investors can become early backers of trailblazing AI ventures regardless of their income.

Polygon (MATIC): Teasing the $1 Resistance

Polygon (MATIC) is among the best-performing altcoins this year. Following the rise in investor sentiment post-BTC ETF, it has been on a roll, displaying remarkable market performances. This has seen it test the $1 resistance a couple of times, with a breakout imminent.

At its current price, Polygon  could represent a good crypto to buy. The bulls have been gathering momentum, aiming to push it above the nearest resistance. This is expected to usher in a period of rallying.

Given its significant decline from its all-time high (ATH), some financial forecasts suggest Polygon is one of the best cryptos to buy now. If you wish to position yourself for significant gains, MATIC could be a great place to begin your search.

Algorand (ALGO): Preparing for a Breakout

Algorand (ALGO) plays a key role within the blockchain space. Its secure, scalable, and efficient network supports a wide range of applications, making it a popular destination for developers and projects.

Following a strong show of strength by the bulls, Algorand is preparing for a breakout, which will come as a relief to holders. Its rise to $0.2 might come sooner than thought, positioning it as one of the best cryptos to invest in.

With 2024 tipped as another bull market, Algorand is among the altcoins not to miss out on. Some forecasts suggest it might skyrocket before the end of the year.

Conclusion

The crypto market is on the rise, with Polygon set to break the $1 resistance level and Algorand preparing for a breakout. Additionally, InQubeta has the potential to explode after its launch—a wave you can ride by participating in the presale via the link below.

Visit InQubeta Presale 

Join The InQubeta Communities

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Bitget Welcomes SORA Token to Its Trading Platform, Paving the Way for a Decentralized Economic System

Victoria, Seychelles, February 27th, 2024, Chainwire

Bitget, the leading cryptocurrency exchange and Web3 platform, is thrilled to announce the listing of SORA token (SORA) on its trading platform. SORA embodies a groundbreaking mission to democratize video creation, offering unprecedented access to state-of-the-art AI tools that empower creators, businesses, and enthusiasts to manifest their visions with efficiency, creativity, and simplicity.

At the core of SORA’s innovative platform lies its remarkable ability to generate videos up to a minute in length while preserving visual quality and adhering closely to the user’s prompt. With SORA, creators can harness the power of AI to produce captivating videos that captivate audiences and convey their messages effectively.

Furthermore, SORA distinguishes itself by its capability to generate intricate scenes featuring multiple characters, specific types of motion, and precise details of both the subject and background. This advanced functionality opens up endless possibilities for creators to explore and express their creativity without limitations.

“We are excited to add SORA token to our trading platform, offering our users access to a project that is at the forefront of building a decentralized economic system,” said Gracy Chen, Managing Director of Bitget. “SORA’s vision aligns with our commitment to driving innovation within the cryptocurrency space, and we look forward to witnessing the transformative impact it will have on the broader blockchain ecosystem.”

Bitget has consistently expanded its market presence in both spot and derivatives trading within centralized exchanges. In 2023 alone, the platform introduced over 350 new listings, showcasing its dedication to diversifying the digital assets available in its spot market. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between 40 mainnets.

For more information, please visit: https://www.bitget.com/support/articles/12560603805692

 

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

 

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

For media inquiries, please contact: media@bitget.com

 

Contact

Rachel Cheung
media@bitget.com

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Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale

Bitcoin Cash and Stacks are among altcoins to surge as Bitcoin price broke above $57k today.
KangaMoon (KANG) is a new meme coin offering real-world value via a Social-Fi and play-to-earn (P2E) ecosystem.
The project’s presale has accelerated into stage 2 as investors eye a potential 20x token.

Bitcoin Cash (BCH) and Stacks (STX) rallied as Bitcoin price broke above $57,000 to strengthen bulls’ attempts to reach the last bull market’s peak. BCH added 14% to trade at $303 while STX price jumped 24% to $3.14.

Elsewhere, Dogecoin pushed to $0.09 as meme coins looked to pump amid the BTC momentum. This sentiment cascaded into the presale market, where KangaMoon (KANG) is attracting huge attention from investors.

Bitcoin price spike pushes BCH, STX higher

Once Bitcoin broke above $54k, bears had no answer as the next few hours saw the benchmark cryptocurrency blast past $57k. According to TradingView data, $BTC price rose as high as $57,250 on US-based crypto exchange Coinbase.

The move saw millions of dollars in shorts liquidated, with $BTC accounting for over $189 million of the $271 million early Tuesday.

Although major altcoins posted slightly unimpressive gains, Ethereum still managed to cross above $3,200. Theta Network (THETA), Bitcoin Cash (BCH) and Stacks (STX) however outpaced the rest of the top 50 coins by market cap.

Analysts say these tokens could rally higher as BTC outperforms – particularly with the halving less than two months away. 

KangaMoon: The new era of MemeFi and play-to-earn

KangaMoon is a new project aiming to become the top meme coin by offering the crypto community access to the best of Social-Fi and play-2-earn (P2E).

The ERC-20 token will have a maximum supply of 1 billion tokens. 60% or 600 million tokens are available for presale, while 150 million and 100 million will go to in-game rewards and staking rewards respectively.

While an ecosystem filled with fun activities, KangaMoon also sets itself apart from the horde of meme coins out there with a layer of real-world value. Unlike Dogecoin or the many copycats it inspired, KangaMoon’s $KANG holds real utility that comes at every competition and challenge.

Holders of $KANG will have a chance to earn rewards or win major prizes in weekly, monthly or quarterly challenges. The best part of this project is that $KANG holders can start earning token rewards straightaway.

Once you acquire the utility token during the presale, you can begin to monetize your gaming time and accumulate more $KANG before the token launches post-presale.

What this project aims to do is foster a vibrant ecosystem where Socia-Fi and gaming combine to offer value that other meme coins don’t. The KangaMoon virtual world also includes NFTs.

KangaMoon price outlook: Will $KANG 20x in 2024?

According to a recent research report, the global P2E and NFT games market is estimated to expand by a CAGR of 21.3% to $6324.54 million by 2031. KangaMoon is poised to take this market by storm, having raised over 

The project’s presale offers meme enthusiasts and the crypto investing community a chance to grab $KANG and join a top tier play-to-earn ecosystem.

The presale is also an opportunity for early adopters to be part of a community-driven crypto project that analysts forecast could be a 20x token in 2024. 

With previous bull runs for Bitcoin coinciding with a later distribution of profits into alts, analysts see a rally for BCH and STX extending. Memecoins are also set to profit from this sentiment in coming months, and leading this new era will be KangaMoon (KANG).

Join the presale or learn more here.

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Bitcoin breaks $57,000 to reach within 20% of all-time-high

Bitcoin breaks $57,000 as BlackRock’s IBIT hits record with $1.3 billion
BTC could reach or break past its all-time high before the halving

Bitcoin’s pre-halving rally has seen the bellwether crypto reach $57,000, pushing to within just 20% of its all-time high of $69,000 in 2021.

After breaking past the $54,000 level, Bitcoin price extended its gains to above $57k late Monday. On Coinbase, BTC rose to $57,250, with total short liquidations reaching $271 million. Bitcoin accounted for $189 million of the liquidated shorts.

Ethereum’s surge to highs of $3,280 also saw over $67.8 million shorts liquidated.

However, altcoins were largely spectators to Bitcoin’s bullish show. Market intelligence platform Santiment shared this on X Tuesday morning.

“#Bitcoin has now scratched its way to a market value as high as $57,250, reaching within 19.9% of the $68.6K high established 27 months ago. Now at a pivotal moment, traders’ interest in $BTC is exceedingly high as #altcoins have temporarily taken a back seat.”

BlackRock’s IBIT trades $1 billion worth of shares

Bitcoin’s rally coincided with a stellar performance by spot Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust ($IBIT) outpacing the rest. According to Bloomberg ETF analyst Eric Balchunas, $IBIT accounted for $1.3 billion of the total $2.4 billion volume recorded on Monday.

It’s official..the New Nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. $IBIT went wild accounting for $1.3b of it, breaking its record by about 30%. pic.twitter.com/MiCs1rzttM

— Eric Balchunas (@EricBalchunas) February 26, 2024

The upside momentum also followed news that MicroStrategy had purchased 3,000 BTC, bringing its total to 193,000 BTC acquired for a total $6.09 billion. The company’s latest BTC purchase was for $155 million.

Bitcoin was trading around $56,430 early morning on Tuesday.

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Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon?

Key takeaways

BTC rallied by nearly 10% on Monday to reach the $56k level for the first time since November 2021.

Bitcoin Dogs’ presale is officially closing in on the $5 million milestone.

Bitcoin eyes the $60k resistance level after hitting $56k

The cryptocurrency market began the week bullishly, with Bitcoin adding nearly 10% to its value on Monday. Thanks to its rally, BTC reached $56,740, its highest level since November 2021. 

At press time, the price of Bitcoin stands at $55,850, up by more than 8% in the last 24 hours. Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.1 trillion mark for the first time in over two years.

The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $60k if the bulls remain in control. 

What is Bitcoin Dogs?

With Bitcoin rallying, it is not surprising that other Bitcoin-related projects are also experiencing positive performances. One such project is Bitcoin Dogs

Bitcoin Dogs is a unique project that is launching on the Bitcoin network and is seeking to leverage the blockchain’s power to provide utility to its users. It is the first BRC-20 token ICO on the Bitcoin network.

According to their whitepaper, Bitcoin Dogs seeks to offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. With this, investors and users will enjoy an immersive experience when they engage with the Bitcoin Dogs project.

Bitcoin Dogs’ ICO comes barely a few weeks after the launch of spot Bitcoin ETFs in the US. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers as more investors buy into the Bitcoin dream. On Monday, Bitcoin spot ETF trading volume reached a new height of $2.4 billion. 

Furthermore, the Bitcoin halving is barely two months away and is an exciting event that happens every four years. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

Usually, most presales in the crypto market have been ERC-20 and BNB tokens. However, Bitcoin Dogs is setting a new trend by introducing $0DOG, its native token, as a novel BRC-20 ICO for investors on the Bitcoin blockchain. 

Bitcoin Dogs presale approaches $5m

The Bitcoin Dogs presale has already raised more than $4.8 million roughly three weeks after it was launched. Thus, indicating rising interest amongst investors for this project and its token. 

Per the whitepaper, there would be 900 million $0DOG tokens minted. Investors would also have access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi.

The team revealed that the presale will only run for a month and is already leveraging the rarity and novelty of BRC-20 to attract investors.

While the tokens will be minted on BRC-20, investors will buy the tokens on ERC-20. They will provide a BTC wallet address and receive $0DOG tokens after paying with ERC-20 tokens. You can pay for the $0DOG token using ETH, USDT and USDC stablecoins.

Click here to learn more about the Bitcoin Dogs presale.

Should you invest in the Bitcoin Dogs project as BTC rallies higher?

The cryptocurrency market has been bullish since the start of the year and BTC is taking the lead. Investors are already looking for new and exciting projects and Bitcoin Dogs could be one of the projects that is attracting interest. 

Bitcoin is rallying at the moment and projects related to BTC could record massive gains in the coming months and years. With the right level of adoption, $0DOG could become one of the gems of this Bull Run. 

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Bitcoin hits $54,900 as BlackRock’s IBIT trades $1B

Bitcoin hits $54,900 for first time since 2021 as BlackRock’s IBIT trades $1 billion shares.
BTC price is rising amid analyst predictions for a halving explosion.

Bitcoin is eyeing a pre-halving breakout as its price jumped above $54,900 for the first time since November 2021.

On crypto exchange Coinbase, Bitcoin price reached highs of $54,980. The more than 6% gains pushed the benchmark cryptocurrency’s market cap to over $1.06 trillion.

BTC breaks above $54k as IBIT trades $1 billion ETF shares

In the ETF market, BlackRock’s iShares Bitcoin Trust ($IBIT) traded over $1 billion and analysts are saying the momentum is set to fuel further gains for BTC price. Bloomberg ETF analyst shared that the performance ranked $IBIT 11th amongst all ETFs.

MILESTONE $IBIT has traded $1b worth of shares today so far.. which ranks it 11th among all ETFs (Top 0.3%) and Top 25 among stocks. Insane number for newbie ETF (esp one w ten competitors). $1b/day is big boy level volume, enough for (even big) institutional consideration,” Balchunas posted on X.

According to entrepreneur and investor Anthony Pompliano, “Bitcoin is a runaway train with no brakes for as long as ETF inflows dwarf the bitcoin produced by the network.”

Bitcoin is a runaway train with no brakes for as long as ETF inflows dwarf the bitcoin produced by the network.

The game has changed.

Keep your head on a swivel out there.

— Pomp 🌪 (@APompliano) February 26, 2024

With the Bitcoin halving coming up, this number of BTC mined will be halved, creating a supply shock that could catapult BTC price to prices very few imagined a few years back.

With the countdown to Bitcoin halving roughly 52 days out, the breakout performance for BTC on Monday has the market buzzing.

Earlier in the day, Bitcoin price broke above $53k as MicroStrategy announced it had acquired an additional 3,000 BTC. Purchased for $155 million, the fresh buy saw the company’s Bitcoin portfolio hit 193,000 BTC.

Michael Saylor revealed that the company bought bitcoin at the average price of $51,813.

Bitcoin traded around $54,331 at 3.30 pm ET on Monday. The benchmark crypto could break above $55,000 to eye $60,000 before the halving.

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Here’s why Frax Finance (FXS) token soared today

Frax Finance is looking to mirror Uniswap’s proposal to allocate protocol fees to stakers
FXS price surged to highs of $9.64 and could break above $10 if bulls hold onto gains.

After the Uniswap Foundation released a proposal seeking to distribute network fees to UNI stakers, the team at Frax Finance have outlined a similar proposal. Frax Finance founder Sam Kazemian outlined this during an interview with CoinDesk.

The Frax Finance team had earlier hinted at this on February 23 via a post on X.

Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, mostly being conserved in the treasury now. Time to turn it back on? 👀 https://t.co/3Yd9oDV98A

— Frax Finance ¤⛓️¤ (@fraxfinance) February 23, 2024

FXS toke surges amid UNI-like proposal

Last week, the Uniswap (UNI) token jumped on news of the protocol’s revenue share proposal. Frax Finance’s governance token FXS is also rising after the project’s latest move. While the community rejected a proposal aimed at sharing revenue in 2022, the current outlook led by Uniswap could get the nod.

If it does, FXS holders can lock their tokens for veFXS, which would attract a share of the protocol revenue. Users can stake veFXS on Ethereum mainnet and on Fraxtal, the layer-2 protocol of Frax Finance.

FXS traded to highs near $11 on February 5. Today’s 8% spike pushed it to highs of $9.64, levels seen on February 20.

With the broader DeFi ecosystem witnessing a bump in prices amid UNI token’s surge last week, further gains for FXS could push it back above $10.

Above this, FXS could target $12, the March 2023 resistance level. Bulls could then eye the all-time high of $42.80 hit in January 2022. On the flipside, Frax Finance price has primary support at $8 and potentially $7.

The post Here’s why Frax Finance (FXS) token soared today appeared first on CoinJournal.


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