Ripple partners with SBI Group and HashKey DX for XRPL solutions in Japan

• Ripple partners with SBI Group & HashKey DX to introduce XRPL solutions in Japan.
• HashKey DX to leverage XRPL’s features for innovative blockchain solutions in Japan.
• SBI Group to pioneer the use of XRPL technology in supply chain management in Japan.

Ripple has forged a groundbreaking alliance with SBI Group and HashKey DX to bring innovative blockchain solutions to the Japanese market.

This collaboration marks a significant milestone in the adoption of XRP Ledger (XRPL) technology in Japan’s corporate landscape.

HashKey DX to introduce XRPL to Japanese businesses

Recognizing XRPL’s enterprise capabilities such as fast settlement speeds, low costs, and scalability, HashKey DX is poised to introduce innovative blockchain solutions to Japanese businesses.

With a track record of success in implementing blockchain-powered supply chain finance solutions in China, HashKey DX brings invaluable expertise to the table.

Over the past years, HashKey Group has facilitated over $7 billion in trade transactions and financed nearly $3 billion in China through its blockchain platform. Now, with Ripple’s partnership, they aim to replicate this success in Japan.

Andy Dan, the head of HashKey DX, expressed confidence in their ability to drive transformation and deliver cutting-edge solutions tailored to the needs of Japanese enterprises.

SBI Group to use XRPL in supply chain management

SBI Group, a prominent Japanese corporation, is set to pioneer the use of the introduced XRPL enterprise blockchain solutions in supply chain management.

Following the partnership, SBI Group and HashKey DX are poised to revolutionize supply chain finance in Japan leveraging XRPL’s proven track record for enterprise use.

RippleX tokenized market outlook

Besides the SBI Group and HashKey DX partnership, RippleX is actively engaged in discussions with financial institutions, exploring opportunities for asset tokenization on the XRP Ledger and

Markus Infanger, the senior vice president of RippleX, envisions a promising future for tokenized markets.

With traditional finance players increasingly embracing blockchain networks like XRPL, Stellar, and Ethereum, Infanger predicts the total value of tokenized markets could exceed $16 trillion.

Infanger emphasizes that the adoption of blockchain technology is not limited to permissioned, centralized networks but extends to decentralized protocols like XRPL. These discussions with financial institutions indicate a growing interest in leveraging blockchain for real-world applications beyond traditional banking systems.

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Cardano price forecast as whale activity explodes; KangaMoon offers opportunity

• Cardano’s price is at $0.45 after a bearish flip this past month. 
• Santiment analysts say ADA could see a potential bullish flip as whale activity spikes.
• KangaMoon (KANG) is a new crypto project attracting a lot of attention in its presale. 

Cardano (ADA) has dipped below a key level and could face new downside pressure as Bitcoin struggles to reclaim $64k. However, on-chain data shows a spike in whale activity to suggest a potential reversal.

This article looks at the price prediction for Cardano, and what the broader market outlook means for KangaMoon (KANG).

What is KangaMoon?

KangaMoon is a new cryptocurrency that combines meme coin culture with the emerging SocialFi and GameFi elements of the crypto market.

The project’s strong pull is down to the rapid growth of the meme coin sector and the utility and appeal of play-to-earn (P2E) gaming. KangaMoon’s native token offers access to these components of the market, with early backers getting a chance to earn more KANG right from the presale stage.

As a SociaFi project, KangaMoon presents a community-driven approach to P2E. Simple activities and challenges provide an opportunity to token holders. 

These features of the upcoming project have helped solidify investor sentiment around its presale, which currently stands at more than $5.9 million.

According to details on the KangaMoon presale page, the token sale is in the final stage 5, with less than 25% of the allocation still available. The project has a total supply of 1 billion KANG, with 600 million offered in the presale.

Cardano price forecast amid spike in whale activity

Cardano’s price has been downtrend since a bearish flip from highs of $0.8 in mid-March. ADA price is down 31% in the past month while its market cap has decreased by 43% since mid-March.

Notably, ADA reached an all-time high of $3.09 in September 2021, but badly lags peers with gains of just over 12% in the past year.

The altcoin’s dive below $0.50 saw it reach the critical support area near $0.41.

While price is at $0.45, there’s potential for a bearish continuation given the descending triangle chart formation. The RSI and MACD indicators on the daily chart also suggest bears have an upper hand.

However, as analysts at market intelligence platform Santiment noted earlier Tuesday, there’s a potential reversal in the making amid massive whale activity.

According to Santiment, Cardano has recorded the highest level of whale transactions above $100,000 since November 8, last year.

“These spikes in whale activity historically correlate with potential price reversals,” the analysts noted.

Bulls preventing fresh losses from current price levels could help buoy this outlook.

KangaMoon price prediction

The price of KangaMoon in stage 5 of the presale, which is 76% sold out, is $0.0196. This marks a significant increase in the KANG presale price in stage 1 where it stood at $0.005.

The increase suggests KangaMoon’s early bird investors are looking at a ROI of 290% when this stage concludes.  At this stage, it might appear buying KANG does not offer much in way of early gains. However, a 20% bonus is a great opportunity to get the token at the price of $0.0196.

KangaMoon’s appeal lies in its likely dominance in the meme coin space, and the resurgence of GameFi. The two segments could benefit from a broader market buoyance, with KANG exploding amid factors such as staking and gaming rewards.

Investors looking to capitalise on this potential might want to buy KANG before the presale ends.

To learn more, visit the KangaMoon website.

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Crypto fear and greed index slips as the BitBot raises $3M

A sense of fear is creeping up in the cryptocurrency market as investors focused on the upcoming Federal Reserve decision. The closely-watched crypto fear and greed index has crashed from the extreme greed zone of over 80 to the neutral phase of 58. 

This price action happened as the price of Bitcoin remained in a tight range between $70,000 and $60,000 and other altcoins like Solana, Avalanche (AVAX), and Cronos (CRO) have all plunged hard recently. Still, there are some positive signs, with BitBot raising over $3 million in its token sale.

Federal Reserve decision ahead

Bitcoin and other altcoins have retreated sharply ahead of this week’s interest rate decision. Economists expect that the bank will continue with its hawkish tone in this meeting since inflation has remained stubbornly high.

Data released this month revealed that the headline Consumer Price Index (CPI) rose to 3.5% in March while core CPI jumped to 3.8%. A separate report released last week showed that the Personal Consumption Expenditure (PCE) rose to 2.5% while core PCE jumped to 2.8%.

These numbers mean that inflation has remained stubbornly high and is above the Federal Reserve’s target of 2.0%. There are signs that inflation will remain higher for longer now that the price of crude oil and industrial metals continued rising.

Further, the prices of key services like rent and insurance have continued to rise in the past few months. Therefore, there is a likelihood that the Federal Reserve will point to higher rates for longer. 

In most cases, risky assets like Bitcoin, Solana, and Avalanche tend to retreat when the Fed has embraced a hawkish tone. For one, such tone, when other central banks are thinking of cutting interest rates, will push to a higher US dollar. 

BitBot token sale continues

Meanwhile, BitBot has continued its token sale, raising over $3 million, signaling that there is strong demand for newer coins. 

BitBot is a platform that seeks to disrupt the trading and investing industry. It is building a trading bot that will help traders profitably execute trades. BitBot’s technology is based on technical analysis and artificial intelligence (AI).

The bot will be distributed in Telegram, an app that is used by more than 900 million users a month. This is a big industry that is growing at a fast pace as it has helped to facilitate over $19 billion in trades. These trades have led to over $100 million in revenues for their developers.

BitBot aims to solve some of the top challenges in the trading bot market. In the first place, the developers aim to make it more profitable than other bots in the market by using artificial intelligence and other technologies. 

It also aims to be faster than other bots by leveraging its custom RPC node and institutional infrastructure. The network also ensures strong security features by being non-custodial. You can buy the BitBot token here.

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Russia has no plans for a total crypto ban, lawmaker says

• Russia will not impose a total ban o cryptocurrency transactions in the country as some reports claimed.
• That’s according to Anton Gorelkin, the Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, and Communications.

Reports that Russia is eyeing a complete ban on crypto turnover in the country amid geopolitical tensions are incorrect, a lawmaker has said.

Earlier reports cited new legislation aimed at controlling the crypto ecosystem as Russia looks to promote its digital finance system and the ruble.

No ban on crypto turnover

On Monday, Anton Gorelkin, the Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, and Communications, dismissed these assertions, which had earlier been attributed to State Duma officials.

Goreklin said in a Telegram post that, while a new bill looks at banning cryptocurrency exchanges in the country, it does not seek a total ban on crypto turnover.

Local media outlet gazeta also highlighted Goreklin’s comments.

“It’s surprising that even some respected publications wrote that “deputies want to ban the circulation of cryptocurrencies in Russia,”” he wrote.

According to the lawmaker, the new bill seeks to introduce mechanisms that will help identify illegal or criminal crypto transactions. It wouldn’t make sense to have this in the bill if the purpose is to consider everything illegal, Goreklin added.

He emphasized that Russia will not ban crypto turnover. However, the quest is to prohibit crypto exchanges and other crypto platforms not part of the government’s pilot programs.

The lawmaker also noted that restricting crypto exchange operations is geared towards limiting potential exposure that allowing them would portend in terms of Western sanctions.

Despite this, crypto users will still access foreign cryptocurrency exchanges and over-the-counter (OTC) service providers.  

The latest crypto developments in Russia unfold as recent reports suggest that some Russians and business entities have tapped into crypto to evade sanctions scrutiny.

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Crypto price predictions: Lido DAO, Rocket Pool, Bitbot

• Lido DAO price is up 2% on the day, trading around $2.13.
• Rocket Pool ETH and Rocket Pool (RPL) were down 4% and 5% respectively at the time of writing.
• Bitbot price in stage 12 of presale is $0.0171, and will reach $0.020 in the final stage.

Lido DAO (LDO) and Rocket Pool ETH (RETH) were notable gainers over the weekend. LDO continues to hold onto some of the gains as RETH and Rocket Pool’s RPL slip.

But what’s the price prediction for LDO and RPL as investors take a bullish outlook on new crypto project Bitbot (BITBOT)?

Lido DAO and Rocket Pool ETH led weekend gainers

As analysts at market intelligence platform Santiment noted early Monday, Lido Dao and Rocket Pool ETH topped the list of gainers in the staking sector.

Of 17 assets Santiment tracks, RETH market cap increased 5.9%, while LDO jumped 5.2%. The broader sector’s market cap gained by 5%.

💧 #LiquidStaking assets have benefited from a nice mini run this weekend. Of the 17 key assets that we track for this sector, the market caps have increased by a combined +5.0% despite choppy market conditions. $LDO (5.2%) and $RETH (+5.9%) lead the way. https://t.co/L6siGQre5o pic.twitter.com/VJDs7Yzl1t

— Santiment (@santimentfeed) April 28, 2024

The gains for the staking tokens highlight resilience within the decentralised finance (DeFi) ecosystem, particularly Ethereum staking tokens.

Despite this positive outlook, profit taking and negative sentiment across the market could threaten RPL, LDO and RETH among other staking related tokens.

Lido DAO price prediction

Lido DAO (LDO) trades within the $1.90 and $2.25 price range after recovering from lows of $1.66 reached in mid-April. LDO is also surging against ETH and BTC, with price above the key $2 level.

Currently, LDO is changing hands around $2.13, up by nearly 2.5% as bulls try to hold onto gains made as the token rose to $2.21. Its likely upside continuation will see LDO/USD aim for a retest of the short term hurdle at $2.50.  

The upside has the main resistance around $5 and the all-time high area of $7.30. On the downside, primary support could be around October 2023 lows near $1.40.

Rocket Pool price prediction

The weakness around Ethereum price is observable across most other altcoins as ETH hovers around $3,100. Rocket Pool ETH (RETH) price mirrors this action, while Rocket Pool (RPL) price has dipped more than 5% in the past 24 hours.

RPL is currently trading at $21.05 as the decentralised liquid staking protocol’s native token continues to pare recent gains. The 24-hour trading volume of $5.56 million is 11% higher than a day ago.

However, with price down 28% this month, it’s likely a retest of areas below $20 looms for RPL. The bearish flip could include declines to one-year lows of $16.85. The weekly RSI and MACD support this outlook.

On the other hand, bulls will need to break and strengthen above $23 to target the crucial supply zone around $30.

Bitbot price prediction

Bitbot is a new crypto project that could dominate the crypto trading space on Telegram. As such, there’s a lot of interest in the native token BITBOT, which has raised more than $2.9 million so far.

What’s likely to set Bitbot apart and drive its adoption is the non-custodial trading solution that it offers. This pioneering approach to a Telegram trading bot puts Bitbot above other apps in the sector, largely as it ensures traders have full control of their assets as they hunt for lucrative opportunities.

Other aspects the whitepaper highlights and which could be key in the integration of artificial intelligence, providing for AI-powered trading.

BITBOT price in stage 12 of 15 is $0.0171. In the final stage, the token’s price will be at $0.020. Given the anticipation around its launch, Bitbot could be among projects to record major gains after its launch.

For more about this project, or how to buy BITBOT, visit the official website.

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Thai SEC cracks down on misleading crypto ads

• Thai SEC warns against deceptive crypto ads, urging compliance with regulations.
• Global regulators, the UK and Spain, have also been cracking down on misleading crypto promotions.
• Recent phishing incidents underscore the need for heightened vigilance in ad oversight.

The Securities and Exchange Commission (SEC) of Thailand has initiated measures to combat misleading advertisements in the crypto space, aiming to protect investors from potential losses.

On April 29, the Thai SEC issued a warning to all crypto exchanges operating in the country, cautioning them against the glamourization of cryptocurrency investments in their advertisements. Deputy Secretary-General Anek Yooyuen emphasized the importance of adhering to prescribed advertising standards to prevent investors from being misled.

According to Yooyuen, advertisements in the crypto sector must refrain from containing false, exaggerated, distorted, or concealing information, as such practices violate Thailand’s regulations.

The SEC’s move follows concerns over crypto exchanges enticing users with special privileges, potentially leading them to overlook investment risks.

Upholding investor protection

The SEC emphasized the importance of including appropriate warnings about investment risks in crypto advertisements and cautioned against using special promotions to onboard new users that often encourage individuals to engage in cryptocurrency transactions without fully considering the associated risks.

Blockchain investigation firm Scam Sniffer in its recent report also pointed out the vulnerability stemming from insufficient filtering on advertisement platforms. According to the report, the unfiltered ads expose users to phishing attempts by enticing them to fake websites and prompting them to link their crypto wallets, allowing scammers to withdraw funds without authorization.

Failure to comply with the SEC’s advertising guidelines may result in legal consequences, as violators will face punishment according to the law.

Thai advertising regulations mandate businesses and advertisers to substantiate the facts presented in their marketing campaigns to ensure compliance with the law.

Global crypto regulatory efforts

Thailand’s action mirrors similar steps taken by regulators in other key digital asset markets like the United Kingdom and Spain.

The United Kingdom’s Financial Conduct Authority (FCA) issued hundreds of alerts for illegal cryptocurrency ads in 2023 alone, demonstrating a concerted effort to curb deceptive practices in the industry.

Likewise, Spain’s National Stock Market Commission denounced fraudulent crypto asset promotions in November 2023, underscoring the obligation of companies to comply with local laws.

As Thailand SEC follows in the footsteps of other regulators in regulating the crypto industry, collaboration between regulators and industry stakeholders is crucial to address emerging threats and ensure a safe environment for cryptocurrency investors.

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New viral memecoin in Solana network Stooges launches $STOG presale

Medellin, Colombia, April 29th, 2024, Chainwire

Stooges, a community-driven memecoin on Solana, announced the upcoming presale for $STOG coins starting on May 10 on Pinksale. BitMart Exchange, a top-20 CEX, has already confirmed the coin’s upcoming listing, which should occur before its launch. Following the announcement, the Stooges’ team noticed a huge surge of interest from the cryptocurrency community, as evidenced by the thousands of users on X, and Telegram waiting for the pre-sale.

Stooges is a new memecoin project on the Solana blockchain and draws inspiration from the 3 legendary TV characters, “The Three Stooges.” However, the project takes aim at notorious figures in today’s crypto world, satirically putting Sam Bankman-Fried (former CEO of FTX) and Changpeng Zhao (former CEO of Binance) as Assets Manager and Legal Officer, respectively. This parodical approach is an evident dig at the two executives – Zhao, who is investigated for not complying with anti-money laundering policies, and Bankman-Fried, who was sentenced to 25 years in prison for the securities fraud conspiracy that bankrupted FTX and a related hedge fund.

The STOG coin has no utility. It is led by a “useless team” and is on a mission to mock the crypto business industry while making “the meme culture great again.” The team invites memecoin enthusiasts to buy, sell, and share the community-centered memecoin. $STOG will have a total supply of 3.000.000.000 coins distributed as follows:

• 45% Presale
• 25% Liquidity
• 15% Marketing
• 10% CEX Listing
• 5% Airdrop

Before the presale for STOG on Pinksale, Stooges underwent a contract audit from SolidProof, one of the industry’s top auditors. The audit report confirms the project’s reliability while providing a comprehensive security analysis. Following the coin’s presale, the project will lock 60% of the provided liquidity for 1 year.

Additionally, the project announced an $STOG airdrop awarding 5% of STOG’s supply to its community, specifically to “those who complete and contribute the most to the project and the meme culture.”

The STOG airdrop engages users and memecoin lovers in a competition that will reward the 200 people most actively spreading the word about the project. Contestants must follow Stooges on social media and create memes in image, video, or audio formats focusing on the Stooges. The competition will end on June 20, when the winners will receive STOG coins directly into their wallets.

About Stooges

Stooges launched in Q2 of 2024 and has already completed several of its first roadmap objectives, such as creating the website, deploying and auditing the STOG token, and launching its marketing campaign.

The upcoming $STOG listing on BitMart and token presale are essential milestones in the project’s development, which aims to increase its brand awareness. Moreover, the airdrop competition should help attract a broader community of memecoin collectors and crypto enthusiasts.

The Stooges team has more plans for the future, including further CEX listings, an exclusive NFT collection, and launching on the Raydium platform.

Users can learn more about Stooges at these links:

• Website
• X (Twitter)
• Telegram
• Instagram

 

Contact

José Omar
contact@stooges.io

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Shiba Inu raised $12 million in new token sale round; Milei Moneda ($MEDA) gains new market attention

• Shiba Inu gets a major  boost amid a $12 million token sale
• Milei Moneda attracts investors as presale accelerates, promises a significant return for early bird backers
• $MEDA is in stage 2 of presale, with price at $0.0125

Shiba Inu’s (SHIB) crypto stride receives a $12 million boost as investors flock to its privacy-focused blockchain, augmenting Shibarium with Fully Homomorphic Encryption.

Meanwhile, Milei Moneda ($MEDA) emerges as one of 2024’s top altcoins, blending humor, politics, and blockchain, poised for a meteoric rise with its unique NFTs and governance model.

Economize Like Milei: Invest in $MEDA

Shiba Inu’s crypto innovation attracts $12 million investment

Shiba Inu has received a significant boost with a $12 million investment in its token sale aimed at developing a privacy-focused blockchain. This investment reflects the investors’ faith in Shiba Inu’s future and affirms the company’s commitment to innovation within the cryptocurrency industry.

Furthermore, Shiba Inu wants to accomplish this by enhancing the existing layer-2 network Shibarium and implementing Fully Homomorphic Encryption (FHE) technology. Consequently, users will be provided with a set of enhanced privacy features that can help address the need for privacy within the crypto field.

Additionally, the participation of well-known investors such as Animoca Brands, Polygon Ventures, and others confirms that Shiba Inu has a possibility of growing and being adopted in the future as well.

Analysts expect SHIB to reach an altcoin price of $0.00012 by June, which could make it one of the best cryptos to invest in.

Milei Moneda’s rise to prominence: A 60% ROI possible?

Milei Moneda is not only a cryptocurrency; it is a revolutionary and innovative concept, a symbol of rebellion and the breaking of the old way of thinking in the world of finance. The project draws inspiration from the philosophy of Javier Milei, a charismatic character, to create a unique mix of humor, politics, and blockchain.

Milei Moneda is here to stir up the coin realm with the coolest NFTs and governance opportunities, along with deflationary tokenomics. Interestingly, Javier Milei is a public voice that promotes economic freedom and cryptocurrency, which perfectly aligns with Milei Moneda’s philosophy.

The team of Milei Moneda is focused on active communication in social networks and also strategic partnerships with influencers so that the coin can make a name for itself in the decentralized finance space.

$MEDA has already surged from $0.010 in Stage 1 to $0.0125 in Stage 2 of its public presale. Moreover, its official launch is on May 21, on Uniswap, at a DeFi coin price of $0.020, marking a 60% increase from its current price, making it one of the best coins to invest in now.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

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Traders look beyond Cardano (ADA) and Shiba Inu (SHIB), outclassed by the RECQ presale

TLDR

• Some traders have been opting for the Rebel Satoshi Arcade presale ahead of Cardano and Shiba Inu.
• As a new altcoin, it boasts significant upside potential as well as a low entry point.
• Some analysts suggest a timely 50x jump after its launch—which would make it a must-have coin.

The latest market bounce is refreshing after weeks of bearish trends. With Bitcoin (BTC) spearheading the charge, traders are on the lookout for promising altcoins, beyond Cardano (ADA) and Shiba Inu (SHIB), of course.

Standing out is the Rebel Satoshi Arcade (RECQ) presale, promising stability and growth in the same breath. Merely participating in the presale has the potential to yield significant gains by the official launch, with the market debut promising so much more. Positioned as the one of the best new cryptos to invest in, it is a bullish wave not to miss out on.

Rebel Satoshi Arcade (RECQ): Outperforming ADA and SHIB

Rebel Satoshi Arcade (RECQ) is one of the new ICOs making waves in the investment town—the ICO world, to be specific. It isn’t surprising that it has been outclassing popular altcoins like Cardano and Shiba Inu.

With the presale just kicking off—currently in stage one—it is already surpassing expectations. Over 87% of the tokens allocated to the current stage have sold out, suggesting investor interest and confidence. With a token priced at just $0.0037, its low entry point further adds to its appeal, fueling interest.

Its significant upside potential is another layer of attraction. Analysts predict a timely 50x uptick after its market debut, positioning it as one of the best cryptos to buy now.

Representing the best of the world of memes and utility, its value will be driven not only by hype; it will also be propelled by actual demand. Its rich ecosystem will feature action-packed arcade games, NFTs and merchandise, with RECQ functioning as the utility token.

Cardano (ADA): Limited growth prospects

Cardano (ADA) remains one of the top altcoins despite its limited growth potential. While retailers have been shifting to more promising altcoins, institutions have been showing quite a keen interest. It is a game of numbers, after all.

Its rise to the ranks of the top crypto coins is due to the vital role it plays in the crypto space. Cardano functions as a blockchain and smart contract platform.

Looking at the market cap, it is safe to say it has little room for growth. Hence, investors have been looking beyond Cardano in their quest for 100x gems and promising altcoins, becoming a distant memory.

Shiba Inu (SHIB): Traders opt for more promising altcoins

Shiba Inu (SHIB), one of the best meme coins, burst into the crypto scene in 2020. Its successive upswings cemented its status as one of the best altcoins, pushing it to the top of the crypto table. In the meme ecosystem, it trails behind only Dogecoin (DOGE), highlighting its market dominance.

Similarly, traders have been overlooking Shiba Inu for the same reason as Cardano: it is not among the best coins to invest in right now. There are more compelling investment options than SHIB, fueling traders’ shifts.

Nevertheless, for moderate gains, Shiba Inu is still a top crypto to invest in. However, for those seeking life-changing or generational wealth, many analysts suggest looking towards new and presale tokens.

Conclusion

The impressive market performance of Rebel Satoshi Arcade and its substantial growth potential have seen it gain the attention of traders. As a new and promising crypto, it has a competitive edge over peaked altcoins like Shiba Inu and Cardano, potentially making it a must-have coin.

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

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Miners could shift to AI after Bitcoin halving; Expert believes Borroe Finance ($ROE) could be positioned for next wave of growth

TLDR:

• CoinShares stated in a report that Bitcoin miners Could gravitate towards the AI sector to bolster revenue after BTC halving.
• Borroe Finance ($ROE) is an AI-funding marketplace for Web3 participants to trade future earnings.
• Borroe Finance ($ROE) is positioned to witness substantial growth during the next phase of the bull run, according to several analysts.

CoinShares says Bitcoin miners could switch to AI after Bitcoin halves

CoinShares published a report on April 22 affirming the possible migration of Bitcoin miners to the AI sector following the much-anticipated BTC halving.

According to the report, this move will be a strategic decision to increase their revenue. Bitcoin halved on April 20, when miners’ rewards split from 6.250 BTC to 3.125 BTC.

CoinShares revealed that leading Bitcoin mining firms like Hut 8 (HUT), Hive (HIVE), and BitDigital (BTBT) have begun milking AI. 

Similarly, Core Scientific (CORZ) and TeraWulf (WULF) own running AI operations and are working towards expanding. Commenting on the development, James Butterfill stated that Bitcoin mining may soon switch to a stranded energy location while AI develops in stable sites.

Per the report, average electricity and production costs will likely double post-halving. However, mining firms may control these hikes using optimized energy costs, bolstering mining efficiency, and acquiring sophisticated hardware. The reporters noted that the weighted average cash cost of production is predicted to rise from $29,500 to $53,000.

Furthermore, the asset managers forecasted a possible surge in hashrate to 700 by 2025. Meanwhile, it could fall 10% after miners shut down profitless machines. The cost of hashrate will also drop to $53/PH/day.

Could Borroe Finance help create generational wealth as the next bullish wave approaches?

With the AI narrative growing in popularity, Borroe Finance ($ROE), an AI-funding marketplace, is well positioned to win the hearts of investors. Borroe Finance ($ROE) is the intersection between AI and blockchain, allowing both technologies to overlap and create innovative products. 

The adoption of AI and blockchain tech in the Borroe Finance ($ROE) ecosystem makes it a futuristic innovation worth paying attention to, given that the future of finance relies heavily on both sectors.

Borroe Finance introduces a marketplace where Web3 participants can collaborate to transact value for money on a 1:1 scale. Market participants trade future earnings from invoices, royalties, and subscriptions as discounted NFTs. This process allows them to raise funds at their discretion.

Also, Borroe Finance has a provision for DeFi enthusiasts, giving room for staking $ROE for reward, contributing to developing and using decentralized applications (dApps) and adding funds to its liquidity pool to keep the platform liquid enough for transactions to execute smoothly. It also allows for cross-chain transactions through its CrossFi protocol. While in its presale, the top ICO coin has raised over $3.9 million in funding.

Borroe Finance ($ROE) is up 100% from its beta stage price of $0.01 to its current value of $0.02. Achieving this growth has positioned $ROE for another 25% jump to $0.025, preceding its DEX listing. Considering its outlook, the forthcoming bull wave could be an opportunity to create generational wealth through Borroe Finance ($ROE).

>>BUY $ROE TOKENS NOW<<

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

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Growing number of crypto whales back Rebel Satoshi’s new coin; some analysts believe it could become biggest meme coin launch of 2024

TLDR

• What is Rebel Satoshi?
• What are the growth prospects of $RBLZ and $RECQ?

The crypto market has performed laudably thus far in 2024, with top crypto coins recording massive gains. However, a recent slowdown has forced some crypto whales to migrate to Rebel Satoshi’s $RECQ token, which has positioned itself as a leading meme coin after jumping 85% during its ongoing public presale.

Will $RECQ continue climbing to become the biggest meme coin in 2024?

What is Rebel Satoshi?

Rebel Satoshi is an up-and-coming meme coin project that follows in the rebellious footsteps of Satoshi Nakamoto and Guy Fawkes. Specifically, Rebel Satoshi aims to challenge the status quo in the crypto industry by fighting centralized crypto entities. In doing so, Rebel Satoshi believes it can push the crypto industry to a new age of decentralization.

While this is a daunting mission, Rebel Satoshi has embraced a unique approach, which involves uniting the silent majority and building a community that defies the authority of centralized crypto organizations. Through this community-centric approach, Rebel Satoshi seeks to grow into a $100 million ecosystem.

Once complete, the Rebel Satoshi ecosystem will boast an arcade with multiple games, an NFT marketplace for trading the 9,999 digital collectibles in the Rebel NFT Vault, and a staking program. Crypto enthusiasts will need both Rebel Satoshi tokens to access its ecosystem. These are $RBLZ and $RECQ.

$RBLZ is Rebel Satoshi’s governance and membership token and has a maximum supply of 250 million coins. This relatively small token supply is convincing some analysts that $RBLZ could become a top crypto to buy for massive gains.

On the other hand, $RECQ is Rebel Satoshi’s base currency. As such, $RECQ has a supply cap of 3 billion tokens to ensure seamless transacting.

It is worth pointing out that SourceHat, formerly Solidity Finance, audited both $RBLZ and $RECQ to ensure their tokenomics structures were in order. This explains why some investors and crypto whales consider Rebel Satoshi the best ICO to invest in.

What are the growth prospects of $RBLZ and $RECQ?

As of April, $RBLZ had launched on four exchanges: Coinstore, CoinGecko, DEXTools, and Uniswap. Notably, $RBLZ got listed on these exchanges after surging 150% and completing its public presale on February 29. Per experts, $RBLZ will surge further due to its widespread availability on top exchanges.

On the other hand, $RECQ had kickstarted Stage 1 of its ongoing public presale as of April. $RECQ’s price during this round was $0.0037. This low price makes $RECQ one of the best crypto to invest in now!

While this low price offers investors an appealing entry point, it represents an 85% jump from the Early Bird Round $RECQ price of $0.0020.

As crypto whales continue purchasing $RECQ, it’s expected to quickly move through its presale stages to hit its launch price of $0.0125.

Once $RECQ hits $0.0125, Early Bird Round investors will enjoy a 525% ROI. Meanwhile, Stage 1 investors will get a 237.84% ROI. This projected surge explains why $RECQ has some analysts convinced that it could be poised to become the biggest meme coin launch of 2024. 

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

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Bitget Introduces Trade to Mine Promotion, Giving Away All Fees to Traders

Victoria, Seychelles, April 27th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced to upgrade its Zero-Fee Campaign to Trade to Mine Promotion. This new initiative incentivizes users with Bitget Token (BGB) for trading BTC/USDT and ETH/USDT in the spot market. Daily transaction fees generated by these two pairs will be returned to traders in the form of BGB tokens, and the event will go live on 28th April and end on 20th May, 2024.

The distribution of rewards will be based on the volume of spot transactions in BTC/USDT and ETH/USDT pairs completed the previous day. To provide a better advantage to new users, API transactions, sub-accounts, institutional users, and market maker accounts are excluded from this program.

The total reward pool is directly correlated to the total handling fees collected from eligible BTC/USDT and ETH/USDT transactions, ensuring a fair distribution of rewards among participants. Users can expect the reward amount to be calculated based on the previous day’s data, which will be updated daily at 8:30 pm UTC.

To claim rewards, users can participate by visiting the campaign. Each participant can potentially earn up to a maximum of 500 BGB per day. All unclaimed rewards after the event’s conclusion will be automatically distributed to users’ spot accounts within three days.

For more information on participating, users can visit here.

This isn’t the first time Bitget has given back to its community. In response to the recent all-time highs of Bitcoin and Ethereum, along with major events like the Bitcoin Halving and Ethereum’s Dencun Upgrade, Bitget introduced zero fees on BTC and ETH transactions. This strategic campaign made crypto trading more accessible and affordable for Bitget users. By eliminating trading costs, Bitget aims to encourage broader participation and ease entry for new traders and investors into the crypto space.

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, users can visit:

• Website
• Twitter |
• Telegram
• LinkedIn
• Discord
• Bitget Wallet

 

Contact

Public Relations
Simran A
Bitget
media@bitget.com

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Slothana Presale Hits $15M and Enters Final Stage Amid Growing Industry Interest

London, United Kingdom, April 26th, 2024, Chainwire

The Slothana (SLOTH) presale has raised over $15 million in funding and is entering its final stage, with two days remaining before the token lists on decentralized exchanges (DEXs).

Slothana was able to hit this milestone after initially raising $2.5 Million is 72 hours, followed by a cumulative raise of $12.5 in less than a month. This puts the total funds raised at the $15 Million mark.

Through a social media campaign featuring sloth memes on its official Twitter account, Slothana has built up an impressive following of over 25,000 people and have seen some of its recent posts been viewed by over 240,000 users, liked by over 1,000 people and commented over 600 times.

This ties in with the recent Solana-based memecoin trend the crypto industry is observing as of late, with projects like SLERF, BOBAOPPA, BOME and others that recently hit the center stage with their innovative fund raising techniques.

Slothana’s presale success is also evidenced by its #2 ranking on the popular ICO listing platform ICOBench.com which curates most of the active fund raising ICOs. The community has been creating articles on platform such as Binance Square, Reddit and CoinMarketCap Community. to express their support of the project. In addition, 130,000 subscribers channel “Crypto Gains” released a Slothana video hitting over 3,000 views, 50 comments and 150 likes in just over 24 hours.

This is all an integrated marketing campaign that the Slothana team is executing, coupled with a community engagement and gamification campaign to help expand the project’s digital footprint.

What is SLOTH token?

Slothana is the latest sloth-themed meme coin, following in the footsteps of similar tokens recently launched. Purely meme-focused, SLOTH doesn’t offer any real-world use case or utility. Instead, it taps into the idea of escaping the “9-5 grind” – as evidenced by the project’s branding.

Together with the simple project structure, another reason for its popularity is that Slothana is arriving on the scene at a pivotal moment for Solana’s meme coin space. This sector has multiplied in recent months, with its total market cap now exceeding $7.4 billion.

The frequent update given by the team through its X account and the quick reaction to the Solana Network congestion is also seen as one of the main drivers of the growing trust of the community towards the Slothana Meme project.

Slothana has a unique fund raising mechanism, as previously outlined in a press release, in which interested users send out $SOL and receive an airdrop of $SLOTH to a designated wallet. Users are encouraged to follow the specific instructions and not to use centralized exchanges to make sure the funds will not be lost.

About Slothana

Slothana (SLOTH) is a meme cryptocurrency project launched on the Solana blockchain. It has no utility or use case and is purely a community-driven meme coin inspired by sloth culture. The SLOTH token is in the final stage of the presale and has raised over $15 million in funding so far.

Users can visit the Slothana presale here.

Slothana is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and dangerous.

 

Contact

Slothana
contact@slothana.com

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SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

• SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors.
• Bitbot revolutionizes crypto trading with a non-custodial Telegram bot.
• The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018.

The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding investors out of $5.6 million.

Meanwhile, Bitbot, a non-custodial Telegram trading bot, is on the verge of hitting $3 million in its presale.

Let’s delve into the details of these developments.

SEC’s charges against Geosyn Mining and its co-founders

According to the SEC’s complaint, filed in a federal court in Texas, Geosyn raised approximately $5.6 million from over 60 investors between November 2021 and December 2022.

According to the U.S. SEC, the company allegedly misled investors by falsely claiming to purchase, maintain, and operate crypto mining machines, promising to distribute mined assets, such as Bitcoin, to investors for a fee. The SEC alleges that Geosyn made false claims about its contracts with electricity providers, failed to disclose that it never purchased some mining machines, and did not provide the services as promised.

Moreover, Ward and McNutt are accused of misappropriating about $1.2 million for personal use.

The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against Ward and McNutt.

Bitbot: a Telegram bot revolutionizing crypto trading

While the U.S. SEC goes after Geosyn Mining LLC,  Bitbot, an innovative non-custodial Telegram trading bot that aims to democratize crypto trading is making waves with its token presale.

Besides its token presale, Bitbot offers users institutional-grade tools in a secure and easy-to-use package, allowing them to trade directly from Telegram while maintaining control of their assets. It integrates with self-custodial wallets, ensuring users retain complete control over their keys and assets.

The platform employs KnightSafe, a decentralized security system, to safeguard trading activities. It provides a range of trading tools, including automated sniping, limit orders, copy trading, and yield optimization, accessible to users of all trading experience levels.

Bitbot presale nears $3 million

In recent developments, Bitbot’s presale is rapidly approaching the $3 million mark. The presale, which offers investors the opportunity to acquire $BITBOT tokens, Bitbot’s native utility coin, has garnered significant interest from the crypto community raising a total of $2,900,178 by the time of writing.

Investors can purchase the $BITBOT token at the current price of $0.0171 per token before the price increases to $0.018 in the next stage.

Investors can participate in the presale by importing or creating a smart contract wallet directly via Telegram and once the presale period concludes, investors can claim their $BITBOT tokens via Bitbot’s official website.

$BITBOT token holders stand to benefit from revenue sharing, exclusive presale access, unique perks, a say in Bitbot’s strategic direction through governance, and more.

Conclusion

SEC’s legal action against Geosyn Mining highlights the importance of regulatory compliance in the crypto industry, while Bitbot’s presale success underscores the growing demand for innovative trading solutions in the crypto market.

As Bitbot continues to revolutionize crypto trading, investors eagerly anticipate the platform’s future developments and expansion.

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Proof of Pitch: Revolutionizing the Pitch Competition Landscape with AI-Driven Insights and Top Web3 VC

Paris, France, April 25th, 2024, Chainwire

• Prize pool of over 1M€ value including media grant from Cointelegraph
• Proof of Pitch is part of Proof of Talk, where All Global Leaders in Web3 Meet
• 10-11 June 2024, Museum of Decorative Arts (MAD), Louvre Palace, Paris

In a ground-breaking shift from traditional pitch competitions, Proof of Pitch emerges as a transformative platform uniquely combining Artificial Intelligence (AI) insights with the strategic acumen of the world’s leading Web3 venture capitalists. Proof of Pitch participants will showcase their presentation to an exclusive audience of speakers and VCs, including CEOs, founders of leading blockchain companies, and top Web3 VC partners.

Next to the competition’s main sponsor zkSync, distinguished partners and jurors are participating, including Pantera Capital, Borderless Capital, Binance Labs, Greenfield Capital, Arrington Capital, Animoca Brands, Spartan Group, X Ventures, Mechanism Capital and Cointelegraph.

The Proof of Pitch winner will be awarded a first-place grand prize award of 1M€ value in a combination of cash investments by participating VCs, Accelerator services, visibility (such as a 30k media grant from Cointelegraph), and many other value-adding elements.

All participants will also receive a detailed 12-page investment report to understand the strengths and weaknesses of their pitch, outlining strengths to focus on and weaknesses to improve. This is equivalent to a team of analysts spending weeks analyzing the participant’s startup.

Zohair Dehnadi, Co-Founder, Proof of Talk and Partner, X-Ventures: “Unlike conventional pitch competitions, Proof of Pitch enables global businesses and leadership to intelligently tap into the power of Web3, providing valuable and sustainable insights for investors and the startup community at large instead of having just another light-touch startup competition with glittering prizes which ultimately do not add any real business value. Be part of our prestigious Proof of Pitch experience and elevate yourself! See you in June!”

Revolutionizing Startup Evaluation: The AI Advantage

At the heart of Proof of Pitch, a pioneering AI-driven tool is redefining startup assessments, providing deep, nuanced insights at an unprecedented pace. Developed by XVentures through a rigorous, year-long collaboration involving top VCs and data scientists, this AI, known as Pitch Scan LLM tool, can scrutinize a start-up’s business model, conducting thorough due diligence, and evaluate the team behind the idea, market size, and competitive landscape—within minutes rather than weeks. Every participant will be furnished with a detailed 10-page report, with a strategic roadmap for success in the ever-evolving Web3 domain.

Beyond Funding: Prizes That Foster Growth

This initiative is a revolutionary approach aimed at identifying, nurturing, and elevating start-ups set to redefine the innovative horizons of Web3. Winning at Proof of Pitch extends well beyond obtaining financial support. Winners are embraced by a full spectrum of resources, from AI-powered analytics to mentorship by Web3 visionaries, alongside direct introductions to leading venture capitalists. This holistic support system is designed to refine strategies, accelerate growth, and establish market leadership.

Unprecedented Visibility Among the Elite

Gain exclusive exposure by standing among the top 10% of applicants, showcased to a distinguished audience including CEOs, founders of leading blockchain enterprises, and top-tier Web3 venture capitalists. This exposure is more than mere visibility—it’s a golden ticket to captivate the attention of the industry’s elite, secure pivotal investments, and forge transformative connections.

A Vanguard Call to Web3 Innovators

Proof of Pitch calls upon start-ups at the cutting edge of Web3 innovation to dazzle the industry’s titans, venture through the vanguard of technology, and stake a claim in the digital future. This unparalleled opportunity allows participants to showcase their visionary ideas, propel their start-ups forward, and create a lasting impact in the domain of digital innovation.

Proof of Pitch invites those who are interested to dive into this revolutionary journey, an avenue for transcending traditional pitch norms. Navigate through the forefront of Web3 innovation.

Proof of Talk seeks to welcome over 2500 participants. Combined with a stellar speaker line-up featuring CEOs, founders, and leaders of the Web3 and digital assets industry, the summit features impact-focused networking and a refined agenda. A few of the speakers include:

● Joseph Lubin, CEO and Founder at Consensys

● Jenny Johnson, CEO, Franklin Templeton

● Tim Draper, Founder, Draper Associates

● Ophelia Snyder, Cofounder President, 21Shares

● Mihailo Bjelic, Co-Founder, Polygon

● Raoul Pal, Crypto Macro Economist

● Yat Siu, Chairman, Animoca Brands

● Stani Kulechov, CEO, Avara

● Staci Warden, CEO, Algorand Foundation

● Tim Grant, CEO, Deus X Capital

● Digital asset leads from over 30 major TradFi banks

● Partners from 100+ attending VCs

The summit’s agenda also actively reflects Web3’s growing importance, with over 20 panels, 10+ workshops, and over a dozen keynotes and firesides on key topics shaping Web3’s future. These include real-world asset tokenization, AI-blockchain integration, gaming evolution, and smart contract security.

Participants in this year’s Proof of Pitch can showcase their innovative ideas and gain valuable exposure. Participants have the opportunity to connect with industry experts and potential investors who can help elevate their businesses to the next level. Those who are interested can apply here.

About Proof of Talk

Proof of Talk is setting a new standard in the Web3 conference landscape, positioning itself not just as another web3 conference but as a pivotal forum where the promise of decentralization comes to life. The summit uniquely combines the essence of traditional economic forums with the dynamic, decentralized Web3 community, fostering an innovative ecosystem of dialogue and action. It stands as a platform for change, where every voice, from the seasoned economist to the radical Web3 founder, contributes to a collective vision of a decentralized economic future. By facilitating engaging discussions and unparalleled networking, participants shape this new landscape. Learn more at www.proofoftalk.io

About X Ventures

X Ventures is a Germany-based digital assets investment fund dedicated to supporting and empowering entrepreneurs in the Web3 industry. Alongside its investment activities, X Ventures founded www.xschool.io, aiming to provide accessible education to future leaders worldwide. Website: https://www.xventures.de

 

Contact

Shanna Molina
Cognito
shanna.molina@cognitomedia.nl

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Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

zug, SWITZERLAND, April 25th, 2024, Chainwire

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, credit card issuers and other payment infrastructure providers, the high barriers to crypto entry are about to be a thing of the past.

In November of last year, Velocity Labs began talks with Ramp, the leading onramp infrastructure provider for web3. The objective was simple: maximize Asset Hub’s accessibility, and to get it to its full potential.

Asset Hub is a system parachain considered the “home base” of assets in the Polkadot blockspace ecosystem. It enables the creation, management, and use of assets in the Polkadot network. As a system parachain, it has a trusted relationship with the Polkadot Relay Chain, allowing for porting of DOT from the Relay Chain to Asset Hub. Asset Hub is crucial for the emission of tokens similar to ERC-20 (the Ethereum standard powering DeFi on that chain) and the imminent and future resurgence of DeFi on Polkadot. However, Asset Hub has many constraints, particularly around UX and DevEx. Recognizing the potential of Asset Hub and its importance, Velocity has been working tirelessly to address these limitations.

Ramp is a financial technology company building solutions that connect the crypto economy with today’s global financial infrastructure. Through its core on- and off-ramp products, Ramp provides businesses and individuals across 150+ countries with a streamlined and smooth experience in converting between cryptocurrencies and fiat currencies. Ramp is fully integrated with the world’s major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay, and more.

About Velocity Labs

Velocity Labs is a DeFi and infrastructure development company founded with the objective of transforming the Polkadot blockspace ecosystem into a thriving hub for DeFi innovation. A team formed by Polkadot veterans and DeFi experts, Velocity Labs is committed to building critical market infrastructure and tooling to unlock Polkadot’s full potential.

More information on velocitylabs.org

Velocity Labs actively searching for builders to join us in creating the most efficient and resilient ecosystem for DeFi on Polkadot. If you think this is you, please get in touch with us through this form.

 

Contact

ops lead
MARIA PAULA FERNANDEZ
Velocity Labs AG
mp@velocitylabs.org

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PANDA and MEW bullish momentum cool off: investors shift to new altcoin

• PANDA and MEW see price rally but face resistance resulting in pullbacks.
• Investors shift focus to Altgotech amid cooling off of PANDA and MEW momentum.
• Altgotech aims to revolutionize trading and its native token ALGT is currently in the presale stage.

In the volatile world of cryptocurrency, investors are always on the lookout for the next big opportunity. Recently, two altcoins, Panda Swap (PANDA) and Cat in a Dogs World (MEW), experienced significant price rallies, attracting attention from the crypto community.

However, the bullish momentum for the two tokens has cooled off and investors are now turning their focus to a new altcoin like Algotech (ALGT), signalling a dynamic shift in market sentiment.

Panda Swap (PANDA) price rally and pullback

Panda Swap (PANDA) recently witnessed a remarkable price rally, driven by massive interest from the meme coin community.

The token’s surge was fueled by anticipation surrounding its expected listing on MEXC exchange, which promised to bring PANDA to 10 million new users across 170 countries. Additionally, Panda Swap’s innovative DEX swap platform on Solana garnered attention for its advanced features and potential to redefine trading experiences.

However, despite the initial rally, PANDA encountered resistance around $0.0292, stalling its upward momentum at the beginning of April. The token then plunged to around $0.004417 before attempting a bullish reversal, which was cut short at around $0.017; forcing the token to pullback to its current price of $0.01226.

Although the Relative Strength Index (RSI) and Awesome Oscillator (AO) indicate a bullish sentiment, a further correction from current levels could trigger a retest of support at $0.004417.

Cat in a Dogs World (MEW) pumps and dumps

Cat in a Dogs World (MEW) embarked on its own price rally mirroring PANDA’s rally amidst the fervor surrounding meme coins.

With a mission to save the world from trending dog coins like Dogecoin (DOGE) and Shiba Inu (SHIB), MEW gained traction among investors seeking unique opportunities in the cryptocurrency market.

The token’s surge was accompanied by positive technical indicators, including a bullish Relative Strength Index (RSI) and a positive Awesome Oscillator (AO), indicating growing bullish sentiment.

However, MEW encountered resistance at $0.0070. The token’s failure to overcome this resistance level led to a correction, with prices potentially retesting the support at around $0.0049.

Despite this setback, MEW’s overall bullish trajectory remains intact, with investors closely monitoring its next move in the market.

Altgotech (ALGT) presale gathers momentum

Amidst the shifting landscape of the cryptocurrency market, Altgotech has emerged as a notable player with its ALGT token.

Altgotech offers a decentralized algorithmic trading platform designed to revolutionize trading experiences through advanced technologies and automation. Its native token, ALGT, serves as the backbone of the platform, providing investors with voting governance rights and a share of profits generated from innovative trading strategies.

The Altgotech presale has so far raised a total of $4,027,933.280 in Stage 3.

With the current price of ALGT at 0.08 tether in the presale stage and an anticipated increase to $0.10 in the next stage, investors are eagerly anticipating the platform’s launch and the potential for significant returns on investment.

Conclusion

As bullish momentum cools off for Panda Swap (PANDA) and Cat in a Dogs World (MEW), investors are turning their attention to new opportunities in the cryptocurrency market.

Altgotech (ALGT) token represents one such opportunity, offering investors access to a decentralized algorithmic trading platform poised to revolutionize the way trading is conducted in the digital age.

With market dynamics constantly evolving, savvy investors are keeping a close eye on emerging trends and potential game-changers in the crypto space.

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Bitbot’s 12th presale stage nears its end after raising $2.87 million

Key takeaways

• Bitbot is currently in its 12th presale stage and has raised nearly $2.9 million.
• The presale price will increase to $0.018 in the next stage.

The cryptocurrency market has been volatile since last week’s halving, with prices of Bitcoin and other major altcoins fluctuating. However, that hasn’t stopped Bitbot’s progress as its presale approaches a new milestone. 

What is Bitbot?

Bitbot is a unique Web3 project targeting cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.  

It is designed for retail cryptocurrency traders as it allows them to trade a wide range of crypto pairs via their cold wallets on Telegram. Bitbot chose to leverage Telegram as it is the leading messaging platform for crypto users. 

Per the whitepaper, Bitbot will provide retail traders with world-class features to help them manage and grow their trading portfolios. 

The cryptocurrency market has been recording exceptional growth in recent months, with the total market cap now at $2.4 trillion. Bitbot intends to take advantage of the growing trading volume in the cryptocurrency market to gain massive adoption in the coming months and years.

Bitbot’s technology could be ideal for retail traders

There are several trading tools available to institutional and retail traders. However, Bitbot is changing the narrative by providing traders with similar tools but improved way of accessing the features and using them, 

Bitbot will leverage Knightsafe to offer a self-custody solution, eliminating the typical risks associated with Telegram trading. The anti-MEV and anti-rug solutions currently in development will ensure user assets are safe at all times. With these features, traders can easily avoid bots that artificially pump transaction costs and block scam projects from their timelines. 

Bitbot will also come with ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.

Finally, new traders can attain success faster by leveraging the copy trading feature available on Bitbot. With this feature, traders can copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale approaches $3m

The Bitbot presale is in the 12th stage and has already raised nearly $2.9m. The 12th stage will end once the amount raised reaches $3.186m. 

The presale continues to grow despite the current volatile nature of the broader crypto market. This is an indication of the project’s appeal to investors. Currently, the $BITBOT token is going for $0.0171 but is set to increase to $0.0180 once the next round commences.

According to their tokenomics, the development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% of the total token supply has already been allocated to marketing & CEX listings while 3% goes to exchange liquidity provision.

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

Could $BITBOT surge higher after listing?

The crypto market has been bullish over the last couple of months. Market analysts are expecting a bigger pump following last week’s halving. If this happens, altcoins could rally higher in the medium to long term. 

Bitbot could be a big winner in the market if it rolls out its products. The project is set to take advantage of the growing trading volume in the market to obtain a sizable market share. With the right level of adoption, $BITBOT could soar higher in the coming months and years.

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Crypto Poker Site CoinPoker Launches CSOP Tournament Series with $1M Pot and Removes Cashout Fees

Willemstad, Curacao, April 24th, 2024, Chainwire

CoinPoker, the world’s largest cryptocurrency poker platform, has launched its annual Crypto Series of Online Poker (CSOP) Spring tournament series while also removing all Cashout Fees as announced by the team on X:

After kicking off on Friday April 19, the ongoing tournament series will end on April 28, featuring 41 events with a combined $1 million in guaranteed prize pools.

CSOP spring tournament spans 41 events over 10 days

Drawing comparisons to the prestigious World Series of Poker (WSOP), the CSOP is one of the biggest online poker tournament series to use cryptocurrencies.

CoinPoker’s flagship CSOP series has grown in stature each year, attracting players globally to compete for seven-figure prize pools paid out in crypto.

This year’s CSOP Spring edition has also attracted high stakes cash game action, with 1000/2000 games running on Sunday and some poker pots over $300k.

The ten days of the CSOP and 41 tournaments encompass a range of buy-in levels, from $20 openers to the $500 CSOP Grand Finale main event on April 28, all with freeroll qualifier events to satellite in at a discount.

Players can also expect a diverse slate of formats, including progressive knockout (PKO), Pot Limit Omaha (PLO), “MonsterStack” big blind events, and more mixed throughout the series.

CoinPoker’s CHP Token offers Ethereum-based utility for platform rewards

The CSOP Spring event is also shining the spotlight on CoinPoker’s ecosystem.

CoinPoker is the original cryptocurrency poker site, launched in 2017 with a vision of bringing blockchain technology to the poker world.

The lifeblood of CoinPoker’s ecosystem is CHP, a utility token built on the Ethereum network.

Though poker games are played using the USDT stablecoin, CHP serves as a “bonusing fuel” that provides rewards and incentives for token holders.

Players can also earn CHP through the platform’s various promotions, rake races, and referral programs.

The token is currently available to trade through the QuickSwap DEX on the Polygon network.

At the time of writing, CHP is valued at $0.059 and is up 5% in the past seven days.

CHP’s market cap is just over $15 million, with over 98% of the 278,237,314 supply in circulation.

Poker pro Tony G serves as CoinPoker ambassador

A key part of CoinPoker’s credibility in the poker world comes from its association with renowned pro Tony G (Antanas Guoga).

The Lithuanian-Australian poker legend serves as an ambassador and representative for the platform.

Tony G has an illustrious poker resume, with 15 World Series of Poker money finishes and two final table appearances at the World Poker Tour.

Tony G took part in the largest ever online poker pot worth over $7.7 million, played on CoinPoker’s platform. Tony’s decades of experience have helped steer CoinPoker into becoming one of the most popular crypto poker rooms.

About CoinPoker

CoinPoker is the world’s premier online crypto poker room and has been operating since 2017.

Using blockchain technology and cryptocurrencies, CoinPoker provides a secure, transparent, and provably fair poker experience.

With high-profile ambassadors like Tony G representing the platform, CoinPoker hosts regular tournaments, attracting thousands of players globally to compete for crypto prizes.

Players can register a free anonymous CoinPoker account here to get started playing in the CSOP – all that’s needed is a crypto wallet, email and phone number.

CoinPoker is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Contact

CoinPoker
contact@coinpoker.com

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Crypto price predictions: BitBot, Pepe, Algorand (ALGO)

Cryptocurrency prices drifted upwards this week as investors reacted to the risk-on sentiment in the market. That view is supported by the performance of US equities like the Dow Jones, Nasdaq 100, and S&P 500. The US dollar index (DXY) has also pulled back as geopolitical risks have faded.

Bitcoin price has remained above $66,000 while altcoins like Pepe, Algorand, and Hedera Hashgraph (HBAR) have continued rising. BitBot ($BITBOT), on the other hand, has continued thriving as it raised over $2.8 million.

Pepe price forecast

The price of Pepe token bottomed at $0.0000039 earlier this month and then bounced back to a high of $0.0000080, its highest point since April 1st. It has soared by more than 100% from its lowest point this month.

The token has remained above the 50-day and 100-day Exponential Moving Averages (EMA). It has also risen in the past seven straight days, the longest winning streak in months. Pepe has also jumped above the strong pivot reverse point of the Murrey Math Lines. 

Meanwhile, the Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards, meaning that it has momentum. The Average Directional Index (ADX) has remained above 20. Therefore, the outlook for the token is bullish, with the next point to watch being at $0.00010, which is about 26% above the current level.

Algorand price prediction

The Algorand price bottomed at $0.1490 this month and then bounced back as the crypto rally resumed. It has rebounded to $0.2616, its highest swing since April 1st of this year. The token has now pulled back and retreated to the key point at $0.2400. It has remained above the 50-day and 100-day moving averages and the Ichimoku cloud indicator.

The Relative Strength Index (RSI) index has also pointed upwards. Therefore, the pair will likely now move to a consolidation phase in the coming days and then resume the bull run. If this happens, the token will likely rise to the key resistance point at $0.30, which is about 30% above the current level.

BitBot analysis

Meanwhile, BitBot, an upcoming cryptocurrency, is doing remarkably well as demand for the token rises ahead of the eventual token listing. The developers have raised over $2.8 million from investors in its current stage.

For starters, BitBot is a project that is aiming to transform the financial trading industry by creating a decentralized trading bot. The bot will be distributed using Telegram, an application used by more than 900 million users around the world.

The network will have features like revenue sharing, exclusive access to $BITBOT holders, and governance.

Therefore, the BitBot token is doing well as investors cheer its potential growth in the artificial intelligence (AI) and the financial services industry.  You can buy the BitBot token here.

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