Category Archives: Altcoin
Will The New $2B USDT Injection Influence More Market Momentum? – TradingView
Key points:
Prominent USDT stablecoin issuer Tether has continued to mint staggering billion-dollar sums recently, sparking more bullish enthusiasm in the crypto space. On Saturday, Whale Alert disclosed that 1,000,000,000 USDT had been minted at Tether Treasury. Within three minutes of the update, Whale Alert proclaimed another $1 billion USDT minting from Tether.
Cumulatively, $2 billion has been injected into the crypto market within 24 hours. The development has sparked significant interest from community members, as both tweets have been viewed more than one million times.
As the comment section demonstrates, the prevailing sentiment is bullish. Market participants anticipate more significant gains for Bitcoin and the broader crypto market amid the $2 billion injection.
Meanwhile, Tether CEO Paolo Ardoino took the opportunity to offer clarification, aiming to counteract any misinformation regarding the $2 billion USDT minting. He clarified that the transaction was authorized but not yet issued. Emphatically, this amount would serve as inventory for future issuance requests and chain swaps.
Furthermore, X user Exponential Research pointed out that it has only been one day since the last billion and five days since the one before. The commenter views it as extremely bullish for the crypto market.
In particular, the argument posited that Tether printing $2 billion implies an additional $2 billion in demand for spot buying of crypto or as collateral for purchasing crypto on leverage. They believe that the upward trajectory of crypto will persist until significant flows cease.
In another discussion, renowned analyst Michal van de Poppe pointed out that the altcoin market capitalization must increase by 70% to reach the previous cycles peak.
The #Altcoin market capitalization still needs to gain 70% to get towards the high of the previous cycle.
The Altcoins are lagging behind, so the obvious play would be that we're seeing a short-term correction and, from there, altcoins to surge. pic.twitter.com/DsE9INeBD0
The analyst shared the sentiment amid Bitcoin breaking an all-time high (ATH) above $70k. As a result, he observes altcoins are trailing behind Bitcoin. Meanwhile, the analyst suggested that the apparent trend indicates a short-term correction in the market, after which altcoins are expected to surge to an ATH.
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Will The New $2B USDT Injection Influence More Market Momentum? - TradingView
Bitcoin halving approaching; AI altcoin raises over $10m in presale – crypto.news
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
After Bitcoin halving, miner rewards will drop by 50%. The event occurs every four years and it aims to rein in internal inflation. As Bitcoin becomes scarcer, and assuming sustained demand, prices trend to go up.
So far, Bitcoin is soaring as the demand for spot ETFs explode. Prices recently shot above $68,000. Amid this, new altcoins like InQubeta (QUBE), an AI-focused project, is also benefiting.
InQubeta links upcoming AI startups across the globe with startups.
These startups have leveraged InQubeta for business growth.
The InQubeta platform has so far raised over $10.9 million.
QUBE, the native token of InQubeta, can be staked for rewards.
Staking invites token holders to willingly let their tokens be locked in liquidity pools. These tokens are used for securing the network and aiding the blockchains development.
InQubeta has built a vibrant community of stakeholders with a decentralized governance structure. The community of token holders gives its journey an optimal trajectory. The token holders discuss and vote for proposals seeking changes in the protocol.
They use their voting privileges to express their preferences about a suggested change. Depending on the outcome of such processes, they decide if a proposal should be implemented.
QUBE is also deflationary, helping stave off unfavorable economic forces by lowering the supply.
In the future, this may support prices.
Bitcoin is a peer-to-peer cryptocurrency that can support high-volume transactions securely and without compromising speed.
The transactions made with its native token BTC are confirmed with the proof-of-work protocol.
Bitcoin is currently trading at $65,000 a price level last seen in November 2021.
The token was buoyed by the excitement around BTC ETFs and its halving event in April. Spot ETFs were rolled out in the U.S. in January and their debut has been a watershed movement for the crypto industry.
These financial products have further bridged the gap between mainstream finance and digital assets. Plus, they have ensured regulated exposure to cryptocurrencies without requiring people to own the assets.
Their popularity could be gauged from the fact that leading financial institutions like Wells Fargo and Merrill Lynch are now offering BTC ETFs to their wealth management clients.
Starting 2024 on a positive note, Bitcoin and InQubeta have demonstrated their potential with their sustained growth. Analysts expect the two coins to build upon these gains in the coming months.
Experts are optimistic about the popularity of spot BTC ETFs and the upcoming halving event to consolidate Bitcoins position. For InQubeta, they believe that its presale gains will speed up its journey and even help it gain an edge over new altcoins.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Bitcoin halving approaching; AI altcoin raises over $10m in presale - crypto.news
Bitgert: The Altcoin That Could Make You a Fortune This Week – Here’s How to Get In! – Cryptonews
Bitgert coins massive pump on the way. Are you ready to jump in?
BRISE has been trending everywhere and the community has been bullish on this project since their inception in 2021.
Bitgert (BRISE) is an affordable and highly-scalable Crypto platform for various Web3 projects like metaverse, NFTs, Decentralised Finance (DeFi), etc. They were one of the projects building throughout the bear market.
The fact that it has its own centralised exchange is a strong indicator of its commitment to providing a robust and comprehensive ecosystem for its users, potentially fostering greater adoption and liquidity.
Bitgert coin has seen an impressive increase of 18.82% in the last 7 days. And a 71.64% increase in the last month. It has managed to give its early backers impressive returns.
There have been a lot of consistent developments worth noticing which are responsible for the pump in price.
Coin98 wallet has incorporated Bitgert blockchain. Coin98 is a full-fledged financial platform.
Bitgert has also gone multichain with XP.NETWORK NFT Bridge!
This means that users can now easily move their NFTs across different chains, such as Ethereum, BSC, Solana, Polygon, and 25+ more, to Bitgert without losing their metadata, logic, or collection name. They can also access a wider market and audience for their NFTs, as well as enjoy lower fees and faster transactions.
It is all set to be listed on a major European exchange.
Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Bitgert.
Bitget Convert offers a secure, swift, and zero transaction fee method to convert crypto to Bitgert. Just choose your available crypto assets, specify the amount for the Bitgert swap, confirm, and check Bitgert instantly credited to your spot account. Ensure sufficient account balance before proceeding with the conversion.
Unlike buying or selling crypto, swapping does not access traditional financial rails since fiat currencies are not involved. Bitget Swap supports over 250,000 cryptocurrencies on 30 major blockchains including Ethereum, Polygon, and Solana. You can exchange any other crypto to Bitgert anytime, anywhere, including cross-chain transactions. Transaction gas fees are automatically converted.
Investing in Bitgert has never been easier.
About the project Bitgert is a DeFi-focused blockchain launched in 2021. The BRISE Chain relies on a system of proof-of-authority (PoA) to support short block times and low fees. The blockchain also boasts zero gas fee and being the fastest growing ecosystem in the industry.
To know more about Bitgert, Visit https://bitgert.com Buy Bitgert coin from the below exchanges now!
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Disclaimer: The text above is an advertorial article that is not part ofCryptonews.comeditorial content.
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Bitgert: The Altcoin That Could Make You a Fortune This Week - Here's How to Get In! - Cryptonews
JPMorgan credits Ethereum for Crypto boost; Whales favoring this new AI Altcoin over Solana – Cyprus Mail
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JPMorgan credits Ethereum for Crypto boost; Whales favoring this new AI Altcoin over Solana - Cyprus Mail
Altcoin season is still getting traction: Bitfinex report – Crypto Briefing
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The value of all crypto assets excluding Bitcoin (BTC) and Ethereum (ETH) has experienced a significant 50% increase since Jan. 22, signaling a robust altcoin season, the Bitfinex Alpha 94 report shows. The indexs market capitalization now stands at approximately $640 billion, a substantial rise from its bear market peak of around $450 billion. Despite concerns about an overheated market, the altcoin sector has not yet surpassed the highs of April 2022.
BTC has approached its all-time high, falling short by only 2.2% at the time of writing, while the altcoin market remains over 75% below its record level of $1.3 trillion. The altcoin market is characterized by its rotational nature, with capital flowing between different sectors. Currently, meme coins, particularly dog coins, and AI-related projects are witnessing increased accumulation and futures speculation.
On exchanges like Binance and Bybit, over one-third of last weeks futures volume was attributed to dog coins, including DOGE, WIF, PEPE, and BONK. The latter two, which are not widely available for spot trading on centralized exchanges, have seen the most trading activity. The term Memecoin March Madness has been coined to describe the frenzy around these assets. The CoinGecko Meme Index itself has soared by 131% in the past week, now accounting for more than 7% of the total crypto market cap, excluding BTC and Ether.
Stablecoin supply, an indicator of the crypto markets demand, has been on a steady incline since the years start. This growth in stablecoin supply is a reflection of the increasing demand for altcoins and other crypto assets. While sectors like decentralized finance (DeFi) and gaming have seen a dip in volume, dog coins and meme coins continue to climb, along with the futures open interest for cryptos that are not listed on major exchanges.
Despite the potential for a leverage flush in these sectors, the momentum is expected to persist. DOGE, for instance, has seen a gain of 107% over the last 30 days, only recently surpassing its bear market high. This is modest compared to the 195% gain for SHIB, 225% for BONK, and a staggering 548% for WIF.
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Altcoin season is still getting traction: Bitfinex report - Crypto Briefing
Floki Inu and Dogecoin flying, anticipation high for this AI altcoin presale – crypto.news
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Meme coins are trending higher. Floki Inu (FLOKI) is topping charts, driven by news of the $10 million boost. Analysts and investors now say FLOKI may follow in the path of Dogecoin (DOGE).
On the other hand, the InQubeta (QUBE) presale continues to gain traction. The project plans to merge the potent crypto and AI industries.
InQubeta is trending ahead of its launch.
The project offers a crowdfunding model that supports the growth of AI tech startups.
Opportunities presented by vetted AI startups are minted as NFTs.
In the ongoing presale, QUBE is available for $0.0245 in stage eight, raising $10.7 million. Of the 975 million tokens set aside for the public presale, 848 million have already been sold.
Only about 10% is left to complete this stage, after which the tokens would be sold at $0.028, a 300% increase from the initial price of $0.007.
QUBE will launch at a proposed price of $0.0308.
Token holders enjoy governance rights. As such, they can participate in decision-making.
Additionally, a token burn feature will gradually reduce token supply.
Moreover, stakers receiving rewards from a dedicated pool funded by a buy-and-sell tax. Notably, the same NFTs can be traded in the internal NFT marketplace.
DFW Labs has renewed its commitment to improving Floki Inu ecosystem, pledging $10 million. This amount is double the $5 million investment Floki received in May 2023.
According to the company, the investment will be moved from the FLOKI Treasury, spanning two years.
This strategic move is set to boost the dominance of the Floki Inu project.
Following this news, FLOKI is up 40%, outperforming DOGE and Shiba Inu (SHIB).
Following a sluggish performance over the past months, Dogecoin has finally picked up, crossing the $0.12 mark.
DOGE, which fell off its position in the top ten cryptocurrencies by market capitalization, has reclaimed its place, trading at its highest level since November 2023.
Additionally, on DOGE perpetual exchanges, the coins open interest stands at over $1 billion.
The coin is up by over 30%, surpassing a market cap of $18 million.
FLOKI and Dogecoin are trending higher, riding the current Bitcoin and crypto uptrend. Amid this, InQubeta is also in focus, adding 340% in the ongoing presale.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Floki Inu and Dogecoin flying, anticipation high for this AI altcoin presale - crypto.news
Pixels (PIXEL) Surges by 48% Today: What’s the reason? – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News
In this article, we delve into the crypto markets latest sensation Pixels (PIXEL), which has witnessed a remarkable surge of 48% today. As the altcoin market shows double-digit gains, investors are beginning to see the light at the end of the tunnel following a lengthy bear season. The spotlight, in particular, shines on gaming-focused cryptocurrencies like Pixels. But whats driving this significant uptick? Lets explore.
Today, the crypto landscape was painted green as numerous altcoins posted impressive gains, providing a respite for investors who have weathered a tough season. Among these, the gaming-focused cryptocurrency Pixels (PIXEL) stood out, marking a 48% increase. At the time of writing, PIXEL trades at $0.8918, sparking conversations and speculations around its potential to hit the $1 mark within the week.
Several factors contribute to the recent success of Pixels. Firstly, the overall crypto market is buzzing with excitement as Bitcoin shattered expectations by hitting a new all-time high of $70,000. This breakthrough has shifted the market dynamics, with investors looking beyond Bitcoin to altcoins, seeking value and potential high returns.
Secondly, the shift in focus from Bitcoin to altcoins, particularly after Bitcoins surge plateaued, has spotlighted lesser-known cryptocurrencies like PIXEL, which has only been listed on Binance for 20 days. This newfound attention has skyrocketed its trading volume to $468 million in the last 24 hours.
The cryptocurrency market is known for its volatility and rapid shifts in investor interest. Today, the spotlight turns to gaming-focused cryptocurrencies, a sector within the crypto space that has seen growing enthusiasm. PIXEL, a newcomer to the scene, has quickly gained traction, amassing a significant community and social media following. This surge in interest and investment has propelled its price upwards, marking an exciting phase for the altcoin.
As the crypto market continues to evolve, the rise of gaming-focused cryptocurrencies like Pixels (PIXEL) highlights the diverse opportunities within the space. With Bitcoin setting new records and the markets appetite for new and promising altcoins growing, the landscape is ripe for dramatic shifts. While PIXELs current trajectory is impressive, the coming days will be crucial in determining whether it can sustain this growth and achieve new heights.
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Pixels (PIXEL) Surges by 48% Today: What's the reason? - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News