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Algotech (ALGT) Draws More Investors in the Face of Hedera (HBAR) and Frax Share (FXS) Downturn



Explore the latest developments in the cryptocurrency world, featuring groundbreaking projects like Hedera Wallet Snap, Frax Share’s (FXS) Evolution with Fraxchain, and Algotech’s (ALGT) revolutionary presale success. Delve into the details of these top altcoins and witness the transformation of Algotech as one of the best DeFi projects.




  • Hedera introduces Wallet Snap, integrating seamlessly with MetaMask, streamlining user experiences and impacting HBAR’s price, and is potentially aiming for $0.10 by February 18, 2024.
  • Frax Share (FXS) announces the Fraxchain launch, bringing optimism and a 95% price increase from $6.44 to $9.85 since August 13, 2023.
  • Algotech’s $1.1M presale success propels decentralized algorithmic trading, emphasizing AI integration; early adopters eye potential 275% ROI, governance power, and profit-sharing.


Hedera Wallet Snap: Revolutionizing Integration for MetaMask Users

On January 16, 2024, the Hedera (HBAR) network introduced the Hedera Wallet Snap, a revolutionary plugin developed by Tuum Technologies, seamlessly integrating Hedera (HBAR) with MetaMask and reaching 30 million monthly active MetaMask users. The plugin, designed for MetaMask Snaps, enhances developer capabilities, enabling seamless integration of Hedera’s functionalities into MetaMask applications.

This collaboration, supported by the Hedera (HBAR) Foundation, extends opportunities for users and companies to directly engage with the Hedera (HBAR) network through MetaMask. Eliminating the need for the Hedera JSON-RPC Relay, the Hedera (HBAR) Wallet Snap streamlines user experiences by simplifying processes for HBAR crypto transfers, account access, and token balance viewing.

Accessible on MetaMask Open Beta and as a JavaScript NPM package on GitHub, the Hedera (HBAR) Wallet Snap signifies a substantial advancement in Hedera’s (HBAR) interoperability, efficiency, and accessibility, fostering increased innovation in the decentralized ecosystem.

The introduction of the Hedera Wallet Snap has seen the Hedera price drop from $0.080 to $0.073 between January 16 and January 28, 2024. This marks an 8.75% decline in Hedera price. Experts believe this new development will open the way for Hedera (HBAR), As they predict the Hedera price will hit $0.10 by February 18, 2024.


Frax Share (FXS) Evolution: Navigating Challenges and Embracing Growth With Fraxchain

On August 13, 2023, Frax Share (FXS) announced the launch of its Layer 2 Scaling Solution, Fraxchain. The value of Frax Share (FXS), a collateral token supporting the Frax stablecoin, has witnessed fluctuations, notably affected by the challenges faced by algorithmic stablecoins post-Terra’s downfall.

Operating as collateral for the Frax stablecoin with a target price of $1, Frax Share (FXS) allows users to engage in governance with voting power. Despite market turbulence and a dip below the $10 region in May 2022, the recent announcement of Fraxchain by Frax Share (FXS) has injected optimism, leading to an uptick in Frax Share’s (FXS) value.

Frax Finance, established in 2020, positions FXS uniquely in the stablecoin space. The token’s market performance, initially debuting at $3.90 on December 28, 2020, and peaking at $39.04 on April 4, 2022, reflects its resilience and susceptibility to market dynamics.

However, the price of Frax Share (FXS) has seen a significant increase since the announcement, moving from $6.44 to $9.85 between August 13, 2023, and January 28, 2023. This marks a 52.95% increase in the price of Frax Share (FXS).

As Frax Share (FXS) continues to navigate market challenges and innovation, its role as a collateral token and the success of Fraxchain will play pivotal roles in determining its future trajectory within the cryptocurrency space.


Algotech Raises $1.1M in 2-Day Presale, Paving the Way for Decentralized Algorithmic Trading Revolution

Decentralized algorithmic trading platform Algotech (ALGT) celebrates a successful presale, raising $1.1 million within two days of its private seed sale. Following a prosperous private seed sale, Algotech’s (ALGT) public presale offers over 43.7 million ALGT tokens at $0.04 on the Ethereum network. Algotech (ALGT) aims to revolutionize crypto trading by employing cutting-edge algorithms and blockchain, distancing itself from traditional manual methods, and further positioning itself as one of the top altcoins in the trading space.

Emphasizing immutability, transparency, and security, Algotech (ALGT), one of the top DeFi projects, harnesses decentralized operations to provide diverse algorithmic trading strategies tailored to various market conditions. Algotech (ALGT) distinguishes itself by integrating machine learning and artificial intelligence into algorithmic trading, offering users data-driven analysis and automation. This strategic approach mitigates the impact of human intuition and emotions in trading activities.

Early adopters in the ongoing presale of Algotech (ALGT) enjoy benefits such as a potential 275% ROI upon token listing, voting power in governance matters, and opportunities for residual and passive income. ALGT holders become partial owners of the software, enabling them to share in profits through dividends as the project progresses along its roadmap.

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Press Release

Pudgy Penguins Expands Partnership With Walmart Selling Toys




Walmart is doubling down on their partnership with Pudgy Penguins, the Ethereum NFT collection, expanding the availability of Pudgy Toys to 1,100 new stores across the US. 

This brings the total to 3,100 locations, marking a significant step in bringing Web3 intellectual property to the masses.

The plush toys, action figures, and mystery “igloo” collectibles were already a hit with Walmart shoppers, generating $10 million in sales and over 750,000 toys sold in less than a year. 

See Also: Wormhole Partners With Chipmaker AMD To Improve Their Speed And Scalability

“This expansion underscores the enduring appeal of Pudgy Penguins characters,” says CEO Luca Netz, highlighting the success of the partnership.

Beyond Walmart, Pudgy Toys are also available at Five Below and online through Amazon. 

But the dedicated displays in some Walmart stores solidify their presence in the mainstream consciousness.

Pudgy Penguins offer more than just cuddly companions. Each toy comes with a hidden QR code that unlocks exclusive NFT items and customizations for the upcoming Pudgy World game on the zkSync network. 

CEO Netz is working on increasing user engagement by making it even more enticing to claim these free NFTs.

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Press Release

Nigeria Blocks Access Coinbase, Binance And Kraken




Nigeria has taken drastic measures in an attempt to stabilize its plummeting national currency, the naira, by blocking access to major cryptocurrency exchanges like Coinbase, Binance, and Kraken.

This move comes as the Nigerian government attempts to crack down on currency speculation amid record lows for the naira.

See Also: Nigerian Currency Depreciation: Central Bank Of Nigeria (CBN) Head Reaffirms Commitment to Reviving Confidence in the Economy

The Nigerian Communications Commission (NCC) issued orders to telecoms companies late on Wednesday to restrict consumer access to websites of major cryptocurrency platforms like Binance, Coinbase, and Kraken. 

As a result, consumers experienced only intermittent access to these sites on Thursday.

Bayo Onanuga, Special Adviser Information and Strategy to the President of Nigeria, took to X to say a local report of the government blocking access to the exchanges was correct.

Cryptocurrency exchanges have played a big role in establishing unofficial market prices for the naira, with platforms like Binance often serving as benchmarks for local foreign currency exchange rates. 

The government’s move to block access to these platforms is an effort to regain control over the currency valuation of the naira.

“Binance, facing regulatory showdown in many countries, and causing disruptions in the currency market, should not be allowed to dictate the value of the naira, not on its crypto exchange platform,” Onanuga further stated. 

See Also: Binance Adopts USDT Price Cap To Align With Local Rules In Nigeria

“Crypto should be banned in our country or else this bleeding of our currency will continue unabated.”

Nigeria’s adoption of rash methods to defend its currency, including shutting down price-setting websites and declaring certain cryptocurrency entities illegal, highlights the challenges the country faces in managing its economic stability. 

Nigeria’s national currency has lost over 70% of its value since their central bank lifted its dollar peg in June.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.


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Press Release

Bitcoin Target $63,000 By March 2024, Is This Achievable: Matrixport Report




A new report from Matrixport predicts that Bitcoin (BTC) could reach a target of $63,000 by March 2024. 

In its report, Matrixport identified four key catalysts that could propel Bitcoin to new heights, including the recent approval of spot Bitcoin ETFs, the upcoming halving event, and interest rate cuts. 

Since the SEC greenlighted spot Bitcoin ETFs on January 10, there has been a growing demand for these products. 

Earlier this week, daily spot Bitcoin ETF trading volume amounted to nearly $2 billion, the highest level since the first day of trading on January 11.

As reported earlier, spot Bitcoin ETFs witnessed a substantial influx of approximately $2.3 billion last week, nearly doubling the previous week’s inflow of $1.2 billion.

These inflows accounted for almost half of the total net inflow since the inception of BTC ETFs, which currently stand at approximately $5 billion.

See Also: There Is No Reason to Sell Bitcoin Anytime Soon: Michael Saylor

Bitcoin Halving To Further Drive Bitcoin Price Higher

The Matrixport report noted that the Bitcoin Halving event, slated for 2024, will further drive the price of BTC higher by reducing supply. 

The Bitcoin halving is a pre-scheduled event that reduces the reward for mining new blocks by half, effectively slowing the rate at which new bitcoins are created. 

Historically, halving events have been precursors to substantial price rallies, attributed to the reduced supply of new Bitcoins entering the market.

The report also mentioned that expectations of interest rate cuts following the Federal Reserve’s Federal Open Market Committee (FOMC) meetings could tilt the scales in favor of riskier assets like Bitcoin. 

Lower interest rates typically reduce the appeal of yield-generating investments, making growth-oriented assets more attractive.

Furthermore, the upcoming US presidential elections and policy uncertainty could also affect Bitcoin prices. 

Such periods have often seen investors flocking to alternative assets like Bitcoin as a hedge against potential economic policy shifts.

However, the impact of such political events on cryptocurrency markets is quite complex, making it challenging to make a clear prediction.

Bitwise CIO Sees Bitcoin Surpassing $80,000

Bitwise Chief Investment Officer Matt Hougan also expects Bitcoin to soar beyond $80,000 this year thanks to the recent success of spot ETFs.

In a recent interview, Hougan highlighted the sustained demand for ETFs, which has exceeded his expectations.

He said that this wave of interest from traditional finance, akin to Bitcoin’s IPO in the US market, will lead to further institutional investment and drive up prices.

“Think of the ETF launch as Bitcoin’s IPO in the U.S. market. It has just unleashed a huge wave of interest from traditional finance, and it has exceeded my expectations.” 

Likewise, analysts at investment firm Bernstein expect Bitcoin to resume its upward trajectory, surpassing its previous all-time high of $69,000 and potentially reaching $70,000 this year.

See Also: Bitcoin Exchange OKX Announced The Listing Of Smart Layer (SLN) On Its Spot Trading Platform

The analysts have expressed confidence in the cryptocurrency’s risk-reward profile, stating that no significant challenges are anticipated to impede its ascent.

Meanwhile, Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge, has suggested that the price of Bitcoin could potentially reach $170,000 in the coming year.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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