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Ethereum and Bitcoin drive crypto market surge; Pullix PLX token presale nears end

  • Ethereum (ETH) surged above $3400, driven by Bitcoin’s rise.
  • Pullix pre-sale ending soon; PLX to list on Uniswap, BitMart.
  • Investors eying Ethereum (ETH) and Pullix (PLX) amid the bullish crypto market.

The cryptocurrency market is experiencing a significant surge, propelled by impressive gains in Ethereum (ETH) and Bitcoin (BTC). Ethereum has seen a remarkable increase of over 17% in the last week, reaching $3,470.73.

Ethereum’s price surge can be attributed to the generally bullish sentiment in the crypto market largely attributed to the positive performance of Bitcoin, which has surged by 21% since Monday, trading at $62,807.02 at the time of writing.

As the cryptocurrency market witnesses a bull cycle, the presale of Pullix’s native token is a few days to its end awaiting listing on two crypto exchanges.

Ethereum’s price surge and market dynamics

Ethereum’s recent price surge is a testament to its resilience and growing popularity in the cryptocurrency market.

With a surge of over 10% in the past two days, ETH has demonstrated strong momentum, driven by bullish market sentiment and increasing demand from investors. The major driver behind Ethereum’s rise, as with other altcoins, remains Bitcoin, which continues to dominate the market and influence price movements across the board.

Factors such as the growing adoption of decentralized finance (DeFi) applications and the upcoming Ethereum 2.0 upgrade, which aims to improve scalability and security, have also contributed to Ethereum’s positive performance.

Additionally, Ethereum’s role as a platform for decentralized applications (dApps) and smart contracts further enhances its utility and value proposition, attracting both developers and users to the ecosystem.

Pullix: introducing a new hybrid crypto trading platform

Amid the cryptocurrency market surge, Pullix emerges as a promising player in the space.

Pullix is a new DeFi protocol that is launching a hybrid exchange, seamlessly blending the strengths of centralized and decentralized exchanges into one unified platform. The platform introduces the concept of “Trade-to-Earn,” empowering users to earn a portion of the daily revenues generated by the exchange through its native token, PLX.

Pullix aims to disrupt the status quo in the crypto trading industry by offering innovative features such as passive income through staking PLX tokens, trading discounts, and exclusive rewards from daily revenue. The platform’s roadmap outlines ambitious plans for development, including completing the presale, launching the PLX token on decentralized and centralized exchanges, and beta launching the platform for users.

PLX presale nears end; listing on Uniswap and BitMart await

As the presale for the PLX token nears its end, investors have an opportunity to participate in Pullix’s vision and secure their stake in the platform’s ecosystem. The presale, which accepts various cryptocurrencies including Bitcoin, Ethereum, USDT, and others, has garnered significant interest from the community, reflecting confidence in Pullix’s potential.

The presale, which is currently in its last presale round dubbed ‘Bonus Round’ offering PLX at $0.14, has successfully raised $8,700,672. The last stage is over 47% sold out and investors still have an opportunity to participate with three days remaining. to participate, visit the Pullix website.

The PLX token, designed as the utility token of the Pullix ecosystem, offers a range of benefits to holders. These include passive income through staking, trading discounts of up to 60%, and exclusive rewards derived from the daily revenues generated by the Pullix exchange.

The anticipation builds as the PLX token is set to launch on Uniswap on March 4th, 2024, followed by a listing on BitMart on March 7th, 2024. After the Uniswap launch, the team plans to lock the liquidity pool for 24 months, ensuring stability and mitigating potential risks.

Is it the right time to invest in Ethereum and Pullix?

With Ethereum and Bitcoin leading the market surge and Pullix presenting an innovative approach to crypto trading and investment, investors may be wondering if now is the right time to invest. While past performance is not indicative of future results, the positive momentum and promising developments in both Ethereum and Pullix suggest potential growth opportunities.

As always, investors should conduct thorough research, assess their risk tolerance, and consider their investment goals before making any decisions. With the cryptocurrency market’s inherent volatility, it’s essential to approach investment opportunities with caution and diligence.

The post Ethereum and Bitcoin drive crypto market surge; Pullix PLX token presale nears end appeared first on CoinJournal.

Bitcoin hits $63k as Memeinator’s stage 16 presale nears completion

Key takeaways

  • Bitcoin topped the $63k level for the first time since December 2021.

  • Memeinator’s presale has raised more than $5.2 million. 

Bitcoin approaches its all-time high price

Bitcoin, the world’s leading digital currency by market cap, has performed excellently since the start of the week. It is up by 22% during that period, outperforming other major cryptocurrencies. 

BTC hit the $63,700 mark on Wednesday, its highest level since December 2021. At press time, the price of Bitcoin stands at $62,969, up by 10% in the last 24 hours. It is now getting closer to its all-time high price of $69k.

What is Memeinator?

Memeinator is a meme Web3 project that is still in its presale stage. The project seeks to provide service to content creators who use memes. 

According to the whitepaper on the official Memeinator website, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space. What makes it an interesting project is the value proposition it offers to investors and content creators.

The project launching as a meme coin is because the team intends to leverage the recent growth in trading volume and popularity of meme coins. The team wants Memeinator to reach a market cap of $1 billion, which would make it one of the leading meme coins in the crypto space. 

What makes Memeinator interesting is that it offers real-world utility to users, unlike most of the meme coins available. The primary function of the Memeinator tool is to destroy worthless memes on the internet, allowing users to have access to only quality memes. This ensures that Memeinator provides utility to the users and incentives to the token holders. 

Memeinator presale raises over $5.2 million

The Memeinator presale is currently in its 16th stage and has already crossed an important milestone. The project has raised more than $5.2 million and is close to the $5.4 million target set for this current stage. 

The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0233. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing. 

It is easy to purchase the MMTR tokens as investors can do so using ETH, USDT and USDC stablecoins. According to the team, the MMTR token will only be available on the BNBChain and Ethereum networks once it starts trading on crypto exchanges. However, the team intends to launch the token on other blockchains as it seeks to reach a wider audience. 

Click here to read more about the Memeinator presale.

Should you buy MMTR before the presale ends? 

The Memeinator presale is drawing closer to its end as the team has sold more than 70% of the total tokens earmarked for ICO. according to the team, there are only 172,413,793 tokens left for the presale.

The Memeinator presale is selling fast thanks to the unique value proposition the project offers to investors. This tool appeals to content creators as it allows them to eliminate worthless memes. MMTR will power various activities within the ecosystem. 

Per the team, most of the funds raised from the presale round would go towards developing the Memeinator AI technology. This technology will see Memeinator leverage AI to analyze and evaluate memes on the internet. 

In addition to that, the MMTR token comes with some excellent features, including deflationary mechanisms and rewards for holders. The tokenomics show that 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

The project offers a unique value proposition to users and could become one of the leading meme coins in the crypto space with the right level of adoption. 

The post Bitcoin hits $63k as Memeinator’s stage 16 presale nears completion appeared first on CoinJournal.

Strike expands Bitcoin services to Africa

  • Strike expands Bitcoin services to Africa, addressing financial challenges.
  • Introduction of Strike Africa offers Bitcoin-based solutions in nations with high inflation.
  • The move signifies Strike’s commitment to global financial inclusion and innovation.

Strike, the Bitcoin-focused payments application, is making waves as it extends its full suite of services to the African continent, marking a strategic move to address financial challenges faced by many nations.

In a recent blog post, Jack Mallers, the CEO and founder of Strike, announced the launch of “Strike Africa,” reaching countries including Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia, with plans for further expansion.

Unlocking financial innovation in Africa

Strike’s foray into Africa signifies the company’s commitment to leveraging blockchain technology to provide accessible and efficient financial solutions. With countries on the continent grappling with high inflation rates and devaluing currencies, Strike Africa aims to empower individuals to navigate these challenges by offering services such as buying and selling Bitcoin (BTC) and Tether’s dollar stablecoin (USDT), local fiat currency on-ramps and off-ramps, and global payments utilizing Bitcoin’s Lightning network.

Cryptocurrency adoption in Africa has been on the rise, with Nigeria, the largest market on the continent, experiencing heightened interest. As the Nigerian naira recently plummeted by almost 50% against the U.S. dollar, people are turning to digital assets as a hedge against local currency devaluation. Strike Africa recognizes the immense opportunities for financial innovation and economic freedom on the continent.

Seizing opportunities amidst economic turbulence

Strike’s expansion aligns with a broader trend where Bitcoin and stablecoins are increasingly sought after for savings and remittances in developing countries facing financial instability. The introduction of Strike Africa comes as a response to the specific needs of African nations, providing them with tools to save and build wealth in an environment marked by economic uncertainties.

The move not only caters to the demand for cryptocurrency solutions but also underscores the company’s commitment to being a global player, extending its reach beyond the initial markets in the U.S. and El Salvador. Strike’s approach of offering cost-effective and rapid transactions through Bitcoin’s Lightning network positions it as a potential game-changer in the financial landscape of African nations facing inflation and currency devaluation.

As Strike enters these new markets, it is poised to contribute to the ongoing narrative of financial inclusion, providing individuals in Africa with the means to navigate economic challenges and explore innovative avenues for wealth creation.

The journey into Africa is not just a strategic expansion for Strike but a step towards fostering economic empowerment in regions that stand to benefit significantly from the intersection of technology and finance.

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

Key takeaways

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

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

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

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

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

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

What is Bitcoin Dogs?

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

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

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

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

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

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

Bitcoin Dogs presale approaches $5m

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

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

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

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

Click here to learn more about the Bitcoin Dogs presale.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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