Category Archive : Mining

Bitget has onboarded over 2.5M users in MENA region in the past six months

Victoria, Seychelles, April 17th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released a report on the growth recorded in the Middle East and North African regions since its launch in November 2023. With over 2.5M users from the region alone, Bitget has now reached 25M users worldwide.

Last year, Bitget announced its expansion into the Middle East region with plans to establish its regional hub in the UAE and hire 60 employees as part of its global scaling strategy. In the last six months, Bitget has grown its MENA trading volumes by over 500% from its initial launch, aiming to bring in more localized solutions for its users.

Sam A Spiers, Regional Director for Bitget MENA, states: “Bitget will strengthen its operations in the MENA region, leveraging the region’s high adoption rates and crypto-friendly landscape. We are exploring blockchain and crypto projects to support home-ground projects for listing and providing more exposure to Middle Eastern founders and products.”

In February 2024, Bitget Research released a Bitcoin Halving report that highlighted over 80% of MENA investors considered the halving to have a significant price impact, while the recent Bitcoin bull run to renew its all-time high value was anticipated by 88% of respondents — more than in any other region.

The is higher optimism in comparison to the survey’s other regional participants, as MENA users were the most willing to increase their crypto holdings, with 82% reporting affirmatively. In contrast, the global average didn’t exceed 70%.

As part of its focus on the MENA region, Bitget has Arabic lingual support for its website and mobile application. Bitget users in the Middle East also benefit from zero fees for buying and selling cryptocurrencies through Bitget P2P, aiming to ensure a seamless and user-friendly experience for traders. This week Bitget partnered up with OnRamp, a leading crypto payment solution provider allowing its users to buy and sell crypto using various local currencies, including AED and other fiat currencies.

“With the MENA region representing a significant share of the global crypto transaction volume in 2023, it is poised to grow exponentially in the years to come. Bitget has already begun exploring license applications to operate in target Middle East markets. It’s our priority to obtain operating licenses and support our users with a secure WEB3 platform.” Gracy Chen, Managing Director of Bitget.

Bitget has been expanding its operational reach globally in recent months, including registering as a VASP (Virtual Asset Service Provider) in Poland and obtaining similar crypto registration in Lithuania. The new expansion plan in the Middle East compliments its launch in Türkiye, which now features full localization, including its Turkish website Bitgettr.com featuring tailored services for users in Türkiye.

Bitget’s growth plans go hand-in-hand with creating a seamless ecosystem of crypto products for users locally. By personalizing the platform offerings, Bitget recently launched a Ramadan campaign to celebrate the holy month with its users. Additionally, Bitget offers 0 fees for buying Bitcoin and Ethereum on spot trading along with free bank transfers.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 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

 

Contact

PR team
media@bitget.com

The post Bitget has onboarded over 2.5M users in MENA region in the past six months appeared first on CoinJournal.

Bitcoin struggles below $64k ahead of the halving: Will it plunge lower?

Key takeaways

BTC continues to struggle below the $64k level ahead of the Bitcoin halving event in two days.
Bitbot’s presale is now above $2.5 million.

Bitcoin stays below $64k ahead of halving

Bitcoin has been struggling in recent weeks and could record further losses if the market condition persists. At press time, the price of Bitcoin stands at $63,030, up by less than 1% in the last 24 hours. 

The poor performance comes ahead of the Bitcoin halving event in two days. The Bitcoin halving will see Bitcoin mining rewards slash by 50% from 6.25 BTC per block to 3.125 BTC.

Historically, the halving event leads to a massive surge in Bitcoin’s price. However, it remains unclear how Bitcoin will perform in the near term. 

What is Bitbot? 

While Bitcoin and other major altcoins continue to underperform, some presales are generating record funding from investors. Bitbot is one of the projects that is raising capital from investors to address certain pain points in the market.

Bitbot is a Web3 project that is set to bring unique value propositions to traders in the cryptocurrency space. It is a Telegram trading bot that puts the power in the hands of the user. 

The project describes its product as a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. Bitbot provides traders with an innovative way of trading and is leveraging Telegram’s position as a leading social media platform for crypto users. 

It is set to provide users with high-end features to help traders grow their trading portfolios. The right level of adoption could see Bitbot become one of the most widely used tools by cryptocurrency traders. 

Bitbot’s tech could improve trading chances

To improve the trading chances of its users, Bitbot will be introducing a wide range of tech innovations. Per their whitepaper. Bitbot will leverage the Knightsafe to offer a self-custody solution. This solution helps in mitigating the typical risks associated with Telegram trading.

The team is currently developing anti-MEV and anti-rug solutions to help users protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.

Some of the funds generated from the presale will also be used to integrate Ultra-flexible wallet management fuelled by non-custodial API technology. 

The copy-trading feature will enable traders to copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale hits $2.5m

The Bitbot presale is now in its tenth stage and is now moving swiftly. So far, the project has raised $2,506,930 of the required $2,518,000 in this current stage. 

Bitbot continues to raise funds from investors despite the poor market conditions. The $BITBOT token is going for $0.0155 in the current presale round and will increase to $0.0163 once the eleventh round commences. 

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

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

Should you buy the Bitbot token now? 

While the crypto market has been underperforming in recent weeks, Bitbot’s presale continues to attract more investors. The project seeks to take advantage of the growing trading volume in the market to attract more users. 

Bitbot is looking to gain massive adoption in the market by offering unique technologies that would allow traders to improve their trading activities. BITBOT could become one of the biggest winners in this cycle with the right level of adoption. As trading volume in the market increases, BITBOT could also see a surge in adoption if it rolls out its features and solutions.

The post Bitcoin struggles below $64k ahead of the halving: Will it plunge lower? appeared first on CoinJournal.

NEAR Protocol gains as KangaMoon approaches presale close

NEAR Protocol (NEAR) price jumped more than 7% to be among top gainers as Bitcoin (BTC) looked to hold above $63k.
KangaMoon (KANG) presale reached over $4.9 million amid increased attention in the final stage.
The project combines meme culture with GameFi and SocialFi and could be a dominant player in the space.

NEAR Protocol (NEAR) is among top gainers in the market today as the market buzz around Bitcoin’s upcoming halving intensifies. But what’s the price outlook for NEAR as BTC holds near key level and what does it mean for new token KangaMoon (KANG).

KangaMoon records increased interest from investors

KangaMoon seeks to stand out among new crypto projects by combining play-to-earn gaming and socialFi.

This project is community-driven, an approach that also taps into a meme-inspired environment where one can play, interact and earn the native KANG token among other exclusive rewards. 

KangaMoon also provides for an opportunity for token holders to access rare NFTs, opening up further opportunities for gamers. These will come via the “Kangaverse” ecosystem, where holding KANG offers exclusive games and rewards.

Ahead of the project’s official launch, KANG tokens are available in presale.

NEAR price prediction amid AI token’s surge

NEAR Protocol price surged by more than 7% on Wednesday as NEAR token defied overall negative sentiment across altcoins.

The gains have pushed NEAR above the key price level of $5.00, which could act as a major support level after the bounce from weekly lows of $4.58.

NEAR Protocol’s price surge in the past 24 hours comes amid fresh sentiment around the project as decentralized AI and Web3 take center stage at is TOKEN2049 Dubai. There’s also a lot of positives related to NEAR’s collaboration with Sweat Economy to drive the next chapter of Web3 adoption.

With increased traction coming into view as AI and Web3 align, its likely NEAR Protocol could see a strong performance in the market in coming months. This outlook suggests a return to highs of $8.80 reached in March 2024 could bring the psychological $10 into play in the short term.

On the downside, a break below $5.00 could offer a re-entry level around $4.25. December 2023 lows of $3 could be a buffer if there’s a bearish flip.

KangaMoon price prediction

Per the KangaMoon whitepaper, the total supply of KANG is 1 billion tokens, 600 million of which is set for presale buyers. This means the token’s price could quickly surge amid market demand, rising from a potentially low market cap to become one of the top meme-linked crypto projects.

Currently, KangaMoon is in stage 5 of its presale. KANG is priced at $0.0196 and still offers a 10% bonus that one can scoop on all their purchases.

The opportunity to earn more KANG during the presale and the potential dominance in the future has seen early birds allocate more than $4.9 million to KangaMoon. 

Once the presale ends, the official launch will see KangaMoon begin trading on exchanges.Only 65% of the final stage allocation remains.

While time is running out, there’s still an opportunity for an early bet. This is because the new meme-inspired project has the potential to dominate the GameFi and SocialFi markets.

What can impact KangaMoon (KANG) price post presale?

The market debut price and prevailing conditions, including the macro environment, could dictate market performance.

However, given KangaMoon’s presale performance so far, it’s likely a positive flip for top coins like Bitcoin, Ethereum and NEAR Protocol could buoy the rest of the market.

In this case, KangaMoon (KANG) could be one of the top new tokens to watch in the coming months.

To learn more or buy KANG, visit the official KangaMoon website.

The post NEAR Protocol gains as KangaMoon approaches presale close appeared first on CoinJournal.

Paris Blockchain Week 2024’s Startup Competition Winners Grab More Than $10M In Prizes

Paris, France, April 17th, 2024, Chainwire

Paris Blockchain Week, the leading international conference dedicated to blockchain and Web3, announced the winners of this year’s Startup Competition, dishing out an array of prizes to the 10 finalists and 4 winning Startups, for up to $10 million in the shape of funding, grants, accelerations, listings and more.

The Paris Blockchain Week Startup Competition has emerged as a cornerstone event within the blockchain industry, and one of the most prestigious and highly-coveted awards for startups, entrepreneurs, and investors alike. A direct contest that pits some of the most promising Web3 projects against one another, the goal of the competition is to shine a spotlight on groundbreaking new initiatives with enormous potential to make a positive, real-world impact.

Over 800 Startups entered the contest, among which the best 100 made it to the first shortlisting. The Top 100 gained exposure to, and feedback from, dozens of the blockchain industry’s most reputable investors.

This year’s projects had the exclusive opportunity to pitch their ideas and initiatives to more than 500 prospective investors, including venture capitalists, accelerators, angels, and DAO representatives, to secure their backing and the chance to be lavished with massive exposure, prizes, funding, and grants.

For investors, the Startup Competition provided them with an exclusive opportunity to identify and connect with talented founders and invest in high-potential Web3 projects generating a highly qualified deal flow of Startups.

The winners were chosen from a pool of more than 800 blockchain startups that entered this year’s Startup Competition:

CrossCurve – Faraj Abutalibov, co-founder

Bitstack – Alexandre Roubaud, CEO

Reveel – Adrien Stern, CEO

Zyfi – Gauthier Vila, CEO

 

This year’s Startup Competition saw the participation of industry leaders, investors and blockchains from across the globe, including Tim Draper, RockawayX, AWS, Consensys, CoinMarketCap, Coin Academy, iExec, Blockchain Founders Fund, Outlier Ventures, v3ntures, Foresight Ventures, Mantle, Mirana, Morningstar Ventures, NEO, Bit2Me, XRP Ledger, PitchBook, Bitpanda, CV Labs, Stellar, Canonical Crypto, BNB Chain, Node Capital, Cathay-Ledger, Taisu, Hello Labs, Killer Whales, BPI, TRGC, Leadblock, Orange DAO, Blockwall, Cointelegraph, TDeFi, HUMANS, LBanks Labs, VNTR, and Mercy Corps.

The support of these partners was instrumental in making Paris Blockchain Week’s Startup Competition one of the most anticipated and illustrious startup contests on the crypto calendar, contributing not only to the $10million prize pool but also to the process of selecting the Top 100 contenders invited to showcase their innovations at this year’s event. The ongoing support of our partners is crucial in fostering innovation and growth within the blockchain ecosystem.

The $10 million prize pool notably set a new industry record, providing much more than substantial funding opportunities for the lucky winners. In addition to funding, there were grants, credits, and the opportunity to participate in accelerator programs and find mentors from the world’s leading VC firms and blockchain leaders. Moreover, the winners also benefit from substantial exposure, with the chance to pitch their ideas on Apple TV’s ‘Killer Whales’ show, befitting their status as the hottest prospects from among the crème de la crème of this year’s most talented crop of startups.

More than 800 ambitious startups entered this year’s contest, with the Top 100 ultimately whittled down to 10 finalists who were invited to pitch their projects at Paris Blockchain Week’s Investor Day on April 11. Following the presentations, the four winners took to the stage at the Carrousel du Louvre to showcase their innovations and pitch Tim Draper during a live recording of the hit “Meet the Drapers” TV show (+20M viewers worldwide).

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, took place at the Carrousel du Louvre between 9 – 11 April and welcomed 9,000+ 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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OSEAN DAO Celebrates Company Registration Milestone and Announces an Upcoming 5 Million $OSEAN Airdrop

Majuro, Marsall Island, April 17th, 2024, Chainwire

OSEAN DAO is advancing rapidly: With company registration on the horizon, the organization is preparing to acquire its first boat and has announced a 5 million $OSEAN commemorative airdrop scheduled for May.

The project has attracted a diverse team of skilled professionals and achieved significant milestones in a short time.

Having reached a $2 million market cap last month, OSEAN DAO has now successfully gathered half of the funds needed for its first boat, setting the stage for the forthcoming milestone of company registration.

 

Pioneering the fusion of yachting and cryptocurrency

Founded by a professional yachting team, OSEAN DAO is pioneering the integration of the yachting industry—valued at over $9.38 billion in 2023—with the cryptocurrency sector, representing the first Real World Asset (RWA) bridge of its kind.

Leveraging the extensive experience of its founders who currently manage a successful yachting charter and training business, the team has crafted a detailed business plan that spans from boat management to cryptocurrency marketing.

As the completion of the company registration approaches, the project is moving closer to acquiring its first boat and achieving its goal of generating potential revenue through a variety of maritime activities for the DAO.

“With the BTC halving approaching and our ongoing marketing efforts, it’s just a matter of time before we secure the remaining funds to buy our first asset. Once sailing in the Mediterranean Sea bearing the OSEAN DAO brand, it’ll prove our concept and be a major turning point for the project, our DAO members and our holders.” said Christos TSAFAROGLOU, Founder of OSEAN DAO

Company registration sets stage for industry entry

Expected to be completed by the end of the month, the company registration is a critical advancement for OSEAN DAO. By formally establishing the entity and identifying key management members, this registration ensures accountability and transparency, addressing common concerns within the cryptocurrency ecosystem about the risks of scams by anonymous entities.

The registration will enable the company to function as a legal entity that represents the DAO, allowing access to credit accounts, contract-making capabilities, and other essential functions, thus positioning OSEAN DAO for its formal entry into the yachting industry.

Unlocking partnership opportunities

The Limited Liability Company (LLC) registration enhances OSEAN DAO’s ability to form strategic partnerships within the yachting industry. This registration facilitates collaboration with established yacht charter companies, manufacturers, or brokers, aiding in the acquisition of vessels for OSEAN DAO’s fleet and improving the efficiency and reliability of its maritime activities.

Such partnerships are crucial for diversifying offerings and creating multiple income streams. As part of its expansion plans, the team aims to enhance yachting services through an online store that accepts both fiat and cryptocurrency payments. This store will feature a variety of products and services from OSEAN DAO and its partners, including cruise bookings, yacht furnishings, and exclusive OSEAN DAO merchandise.

“We’re about to open up a significant gateway between the crypto and yachting industries. Many innovative mechanisms can be leveraged to enhance each industry through the other and we are about to explore all of them!” explained Christos TSAFAROGLOU.

5 million $OSEAN airdrop announcement

In celebration of its achievements and in recognition of the unwavering support from its community since its launch on April 30, 2023, OSEAN DAO is planning a 5 million $OSEAN airdrop in May 2024.

Carefully designed to offer a fair opportunity to all participants, this initiative is in line with OSEAN DAO’s overarching goal of reducing barriers to entry in the yachting market, enabling more individuals to engage with this expanding industry.

“The airdrop is designed to reward our holders and loyal community members with significant benefits, while attracting new participants with exciting incentives. Our aim is to unite the entire community in celebration of OSEAN DAO’s success with a lively and inclusive event.” said Eric FOURNIER, Head Marketing Advisor at OSEAN DAO.

Participants can try to increase their chances of receiving rewards by joining OSEAN DAO’s social media channels and exploring opportunities within the project.

For further updates and information about the upcoming airdrop, users can refer to OSEAN DAO’s official communication channels.

About OSEAN DAO

OSEAN DAO is the first Multichain Real World Asset (RWA) cryptocurrency project designed to invest in Yachting. Deployed on both the Ethereum (ETH) and Binance Smart Chain (BSC) networks, OSEAN DAO aims to democratise the yachting industry sector by leveraging blockchain technology.

$OSEAN holders can already benefit from rewards for staking without any lock-in or vesting period, using the OSEAN DAO staking platform.

OSEAN DAO Official links

 

Contact

Founder
Christos Tsafaroglou
OSEAN DAO
info@osean.online

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Liquid Mercury Partners with GFO-X to Provide RFQ Platform for Trading Crypto Derivatives

Chicago, United States, April 17th, 2024, Chainwire

Liquid Mercury, a leading crypto trading technology provider, announced today that it is providing a request for quote (RFQ) platform to GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital assets derivatives. Institutional traders will be able to source deep liquidity for trading listed options and futures contracts in large trade sizes that can be transacted as single-leg or complex, multi-leg strategies.

Liquid Mercury’s institutional-grade platform combined with GFO-X’s regulated derivatives marketplace provides a secure and efficient trading environment for institutional trading firms and professional investors. This technology allows market participants to manage digital asset exposure and hedge underlying portfolio risks.

Liquidity providers can provide two-sided quotes in response to RFQs generated by hedge funds, asset managers, and other buy-side participants initiated from Liquid Mercury’s professional-grade trading interface or FIX and web socket APIs. Trades will print on GFO-X’s exchange and be cleared through a GFO-X general clearing member at LCH SA, LCH Group’s continental Europe clearing house and part of the largest and most sophisticated clearing services in financial markets. Brokers will also use Liquid Mercury’s platform to intermediate trades between buyers and sellers in order to cross-block trades on GFO-X’s exchange and conduct other sell-side trading workflows.

“Looking at the equity derivatives market, where the growth in number of options exchanges has fueled the growth in trading participants, added more liquidity in the market, and driven record volumes of contracts traded, I see GFO-X’s entrance into crypto derivatives as a key development for a more vibrant exchange landscape. This is a prime opportunity to grow the entire crypto options market,” said Liquid Mercury CEO, Tony Saliba. “In addition to providing the technology solution that will power GFO-X’s block liquidity network, Liquid Mercury will be operating as a strategic partner, introducing our clients and broad network of traditional market players as new participants to GFO-X’s exchange.”

“We chose Liquid Mercury as a partner due to the team’s pedigree in building successful technology-focused franchises in traditional markets, combined with a track record of delivering institutional-grade solutions to the professional crypto trading community,” said GFO-X CEO, Arnab Sen. “Our shared vision of a regulated derivatives market that is purpose-built for digital assets using the best market standards and technology from traditional finance underpins what we expect to be a long and very fruitful strategic partnership.”

For more information about Liquid Mercury’s suite of crypto trading technology solutions, users can visit www.liquidmercury.com.

About Liquid Mercury

Liquid Mercury powers professional crypto trading. Liquid Mercury is the #1 choice for sophisticated buy-side and institutional sell-side legacy trading professionals moving into crypto. Institutional grade infrastructure, access to deep liquidity, and best-in-class trading tools and workflow automation; Liquid Mercury was built by professionals for professionals. For more information about Liquid Mercury, visit www.liquidmercury.com.

About GFO-X

Global Futures and Options Ltd (GFO-X) is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. UK FCA authorised and regulated, GFO-X is connected to the world’s largest financial institutions and has partnered with leading clearing house LCH SA, solving for counterparty and credit risk.

GFO-X services the significant unmet need of large global institutional participants who require a highly regulated, institutional-grade trading venue for digital asset derivatives.

GFO-X’s mission is to deliver enhanced liquidity, institutional connectivity and risk mitigation through high-performance technology and optimized contract specifications.

Further information can be found at www.gfo-x.com

 

Contact

Chief Commercial Officer
Ryan Hansen
Liquid Mercury
team@liquidmercury.com

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OKX launches public mainnet for its ZK-powered L2 network “X Layer”

X Layer is a zero knowledge (ZK), EVM-compatible Layer-2 network.
The Polygon CDK powered L2 is live and  integrates with over 200 dApps across DeFi, wallets, NFTs and gaming among others.

OKX, one of the world’s largest crypto exchange companies, has launched the public mainnet of its EVM-compatible Layer 2 network “X Layer” is now live.

Haider Rafique, the chief marketing officer at OKX, announced the launch in a blog post on Tuesday.

According to the OKX official, the Polygon Chain Development Kit (CDK)-powered L2 integrates with over 200 decentralised applications (dApps) onboarded during X Layer’s testnet.

X Layer integrates over 200 dApps

X Layer also integrates with the OKX exchange’s CEX platform and the OKX Web3 Wallet.

As an EVM-compatible network, X Layer allows users to tap into dApps on Ethereum as well as bridge assets from the OKX CEX and Web3 Wallet.

Our objective is to make it cheaper and faster for millions of people to go in and out of on-chain applications through our Zero-Knowledge Proof (ZK) powered, EVM compatible L2 network,” Rafique noted in the blog post published on April 16.

Applications currently available with the mainnet launch include 40 DeFi projects, 20 Infrastructure, 12 bridge,  and 16 wallets. There are also 10 NFT and gaming, 10 SocialFi applications and numerous dev tooling dApps.

Popular DeFi dApps on X Layer include Chainlink, Curve, Renzo, and QuickSwap while Infra applications include LayerZero, Wormhole, and EigenLayer (DA).

X Layer is aimed at unlocking and accelerating adoption of Web3 economy, Rafique said.

OKB, the native OKX token, will serve as the native asset of the X Layer network. Users will leverage the token for transaction fees on the network.

The post OKX launches public mainnet for its ZK-powered L2 network “X Layer” appeared first on CoinJournal.

Uniswap (UNI) dips 15% on SEC concerns: whales pivot to LUNA and NUGX for growth

Uniswap’s 15% price drop after the SEC’s Wells Notice led major holders to seek more promising alternatives.
Terra Luna excels with dynamic stablecoin options and instant settlement.
NuggetRush’s no-tax model, governance perks, and play-to-earn game lure whales.

As the SEC announce­d a Wells Notice in April, Uniswap (UNI) price saw a significant 15% decre­ase, leading to a $5.6 billion reduction in marke­t capitalization. This unfavorable event prompte­d influential investors, or “whales,” to shift the­ir focus towards NuggetRush (NUGX) and Terra Luna (LUNA), see­king promising growth prospects for their portfolios. These­ altcoins are re­cognized for their consistent e­xpansion and cutting-edge advanceme­nts.

NuggetRush stands out among bullish altcoins by me­rging mining minerals and cryptocurrency into an engaging blockchain game. Players e­arn rewards through distinct character NFTs, RUSHGEMS, and an innovative­ staking process. Having sold over 270 million tokens alre­ady, NUGX secures its place among the best DeFi cryptos offering substantial ince­ntives.

This article unveils the unique attributes of NUGX and LUNC that make them sought-after altcoins by whales amid Uniswap’s decline.

NuggetRush (NUGX): revolutionizing DeFi with unique offerings

NuggetRush is gaining traction among whales seeking the best DeFi cryptos in the market. Its unique offerings enable­ users to earn substantially, making it an attractive choice­ for investors. Despite re­cent market volatility affecting platforms like­ Uniswap, NUGX’s presale has demonstrate­d remarkable progress, raising ove­r $3.8 million through the sale of over 270 million toke­ns. With a current price of $0.02 and a 100% growth recorde­d, crypto ICO participants anticipate substantial re­turns on investment.

NuggetRush’s goal is to re­ach a market value of $100 million. Its play-to-e­arn game helps to facilitate this process, making the platform acce­ssible to gamers and investors. This meme coin offers an engaging gaming expe­rience and supports small-scale mine­rs in less develope­d nations. Individuals seeking bullish altcoins can participate, regardless of skill leve­l.

As a governance token, NUGX users enjoy access to rewards and can purchase items, including NFTs, from the in-game marketplace. Rush Guild members receive VIP access to higher levels and voting rights on ecosystem and game development. Whales who take advantage of these advantages are assured of massive portfolio growth.

Terra Luna (LUNA): pioneering decentralized finance with dynamic stability

Terra Luna, a de­centralized platform, introduces innovative­ ideas. It offers multiple stable­coins, enabling instant transactions through an algorithm that adjusts the money supply. LUNA’s algorithm allows low fee­s and seamless global exchange­s.

These features have led to Terra Luna’s ste­ady growth this year. Major Analyses and predictions point to a further price surge. This favourable outlook positions LUNA as a top performer in the crypto market.

Uniswap (UNI): SEC notice triggers market volatility, prompting whale exodus

The Securities and Exchange Commission (SEC) recently issued a Wells Notice to Uniswap, leading to a significant drop in its price. The market value­ of Uniswap fell sharply by 15% after this notice on April 10, causing its market cap to decline to $5.6 billion. UNI’s daily trading volumes also saw a substantial surge of 313%, re­aching $650 million.

This news prompted holders to se­ll their Uniswap (UNI) holdings, resulting in rapid market fluctuations. Thre­e major holders sold 2.03 million toke­ns, totaling $20 million, causing UNI’s price to decrease­ by approximately 17%. Lookonchain reported a notable­ liquidation event involving whitzardflow.eth, which sold 107,010 toke­ns within an hour. This downturn led many whales to shift their atte­ntion toward more promising altcoins like NUGX.

Conclusion

In the face of UNI’s challenges, navigating towards more promising projects, like NuggetRush and Terra Luna, is crucial. These altcoins have attractive features and potential for significant growth.

NUGX entices investors with its unique blend of cryptocurrency and mineral mining into a play-to-earn gameplay, impressive crypto ICO, and robust staking system. For updates on the NUGX presale, visit the NuggetRush Presale Website.

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Dogwifhat and FLOKI count on sharp recovery while RECQ presale attracts new memecoin hype wave

The dogwifhat (WIF) token price is predicted to make a recovery and rise above $3
The FLOKI token price expected to course correct and trade above $0.00025
Rebel Satoshi’s $RECQ presale price has risen by 85% since the presale started.

The investors of top crypto coins like dogwifhat (WIF) and FLOKI are counting on a sharp recovery after the recent dump. Meanwhile, Rebel Satoshi’s new token, $RECQ, has become one of the best cryptos to buy during its ongoing presale.

Let’s understand why $RECQ is causing the meme coin hype to grow ahead of top altcoins like WIF and FLOKI.

The dogwifhat (WIF) price drops sharply amid broader market dip

One of the top-performing altcoins in the market, dogwifhat (WIF), has not been untouched by the recent market volatility. Initially, the WIF token dropped to $2.02 on March 20 before bouncing again. The token then rose by 137.6% to an all-time high of $4.80 on March 31.

Since then, the dogwifhat token has dropped drastically as the market has fallen. It was trading at $2.72 on April 13, with a drop of 43.3%. While its price dropped, the dogwifhat (WIF) Perpetual Contracts went live on the Woofi exchange on April 12.

As a result, the WIF token is primed to rise again going forward. Experts predict that the dogwifhat will rise above $3 and beyond.

FLOKI continues to trade in red after briefly showing strength

The FLOKI token has faced turbulent times since the end of the meme coin run in mid-March. The FLOKI token first dropped to $0.00016 on March 19 before it bounced back along with the market. The FLOKI price then went up by 62.4% to $0.00026 on March 28 as a result. However, this bounce was also cut short as the FLOKI token has been on a downtrend since then.

The FLOKI price has since dropped by 42.3% to trade at $0.00015 on April 13. While FLOKI dropped, its DAO proposed prioritizing Token holders and stakers on TokenFi on April 8. The FLOKI token was listed on Thailand’s Bitazza Exchange on April 12.

Hence, the dip in the FLOKI price is being seen as temporary. Experts predict the FLOKI price to rise above $0.00025 in the coming months.

Rebel Satoshi’s second token presale attracts investors attention

The innovative and groundbreaking project Rebel Satoshi has proven to be a game-changer for the memecoin landscape. Rebel Satoshi is not a mere memecoin but is a revolution inspired by the ideals of Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi is a movement against the elites and the centralized financial institutions.

The Rebel Satoshi ecosystem and movement are built on the twin pillars of the $RBLZ and the $RECQ tokens. The Rebel Satoshi rebellion aims to grow to a market cap of $100 million. Rebel Satoshi has made the $RBLZ and the $RECQ contracts public that have been audited by SourceHat.

Rebel Satoshi is conducting the presale of the $RECQ token right now after raising $2.5 million with the $RBLZ presale. The $RECQ token is priced at $0.0037 in Stage 1 after surging 85% already from the Early Bird Stage. The $RECQ presale is forecast to generate 237.8% returns for the current investors, with its price scheduled to rise to $0.0125 by the end of the presale. That growth is the reason many investors consider the $RECQ token to be one of the best altcoins to buy right now.

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

The post Dogwifhat and FLOKI count on sharp recovery while RECQ presale attracts new memecoin hype wave appeared first on CoinJournal.

WOO unveils innovation hub focused on Bitcoin’s ecosystem

WOO plans innovation hub expansion to bolster Bitcoin’s ecosystem
The new initiative will focus on projects bringing Bitcoin Layer-2s, RWA, DeFi, AI and DePIN to the Bitcoin ecosystem.

WOO has announced plans aimed at using its innovation hub and the WOO token to power the next growth chapter for the Bitcoin (BTC) ecosystem.

WOO, which features a top CEX platform WOO X and top DEX platform WOOFi, revealed its latest initiative at Token2049 week in Dubai.

What are WOO’s plans to bolster BTC ecosystem?

According to a recently published announcement, WOO’s Europe-based innovation center will be expanded to tap into the native WOO token’s potential in driving the new era of decentralized projects on Bitcoin.

We’re excited to expand our innovation hub to vastly increase the number of WOO-aligned products in the coming months.

Expect greater alignment with high-potential projects under verticals such as RWA, AI, DePIN, and the emerging BTC ecosystem: https://t.co/pIPc8sURJQ

— WOO (@WOO_ecosystem) April 16, 2024

WOO’s strategic plans will initially target new growth verticals such as artificial intelligence (AI), Bitcoin L2s,  Real World Assets (RWA), Decentralized Physical Infrastructure Networks (DePIN) and DeFi within the BTC ecosystem.

The project’s goal is to ramp up WOO-aligned products across these verticals, with development focused on leveraging the WOO token. Projects will receive grants among other support, to work on these objectives, Ben Yorke, VP of Ecosystem, said in a statement.

“Our ecosystem can provide resources, such as access to liquidity, market makers, users, and partners, which will create a powerful flywheel effect as more high-quality builders become aligned with WOO,” Yorke noted.

Projects or teams that join the WOO Innovation hub will be selected on the basis of their commitment to AI, RWA, DeFi, and BTC L2 innovation. The criteria will also include their capacity and ability to integrate the WOO token, Yorke added.

The Bitcoin ecosystem has attracted a lot of developer attention in recent months, with innovative projects looking to tap into the top blockchain network’s security and traction. Experts have also opined that the burgeoning BTC L2 ecosystem could be a huge market in coming years.

As well as the highlighted sectors, there’s gaming and NFTs, the latter seeing great developments since the launch of Bitcoin Ordinals.

The post WOO unveils innovation hub focused on Bitcoin’s ecosystem appeared first on CoinJournal.


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