Connect with us

Press Release

Bonk and ORDI Experience Downtrend, Rebel Satoshi Emerges as a New Favorite

Published

on


TLDR

  • BONK’s bearish decline continues as January draws to a close.
  • ORDI has fallen following a drop-off in Bitcoin’s performance.
  • RebelSatoshi ($RBLZ) is winning hearts after unveiling NFT staking benefits for its community.

Bonk has fallen despite its outstanding growth at the end of 2023. Bitcoin’s fall below the $40,000 region has also triggered a sharp ORDI decline.

Holders of both tokens are finding solace in RebelSatoshi ($RBLZ), a meme coin ecosystem with coin staking and NFT trading benefits. The project has also sold 110 million $RBLZ tokens in its presale. Yet, can it become one of the top crypto coins? Let’s discuss.

 

January Brings Major Decline in Bonk’s Growth

Bonk holders are disappointed with its performance in January 2024 after a stellar growth just a month earlier. At the end of 2023, the market was filled with bullish sentiments, which caused BONK to skyrocket. BONK’s market capitalization grew from $36 million on November 1 to $1.4 billion in early December. However, BONK’s growth has lost considerable steam in January.

An extremely bullish BONK traded at $0.00002072 by December 21. It fell by 27.8% to $0.00001494 as of January 1. BONK recovered slightly, jumping by 8.3% to $0.00001619 by January 11. However, it fell by 30.2% to $0.00001129 as of January 25.

There is an argument in the meme coin community over BONK’s possible recovery. Some argue that BONK could rise again if its network activity increases. They expect such a scenario after BONK’s new wallet upgrade. BONK is still the third-largest meme coin by market capitalization. Analysts say increased network activity could push BONK up by 41.6% to $0.00001599.

 

ORDI Drops as Bitcoin Falls below $40,000

After several weeks of trading above the $40,000 mark, Bitcoin has fallen. As expected, its decline affected ORDI. Bitcoin had jumped in late December following excitement around spot ETFs. The excitement coincided with ORDI’s market boost. ORDI then soared on the back of the market bullishness to climb to the $70 range.

However, ORDI has since tanked as Bitcoin’s bullish momentum fell significantly in January 2024. ORDI sold at $75.15 on Christmas Day. By January 9, ORDI fell by 7.8% to $69.26. It recovered, rising by 7.4% to $74.43 as of January 16. ORDI then fell by 31.1% to $51.25 by January 22.

Analysts say ORDI could drop further if Bitcoin remains bearish. However, there are speculations that Bitcoin could rise again. Since Spot Bitcoin ETFs were launched on January 10, analysts expect an increase in trading activity in the crypto market. If Bitcoin recovers, ORDI could jump by 20.8% to $61.95.

 

Rebel Satoshi: Early Holders Reap 120% Benefit

RebelSatoshi ($RBLZ) is an Ethereum-based meme coin ecosystem. The network stands out for dedicating its services to making decentralization popular again. It aims to inspire decentralized movements and fair distribution of wealth in the crypto community. For this, Rebel Satoshi offers a network with multiple reward-earning opportunities for its members.

RebelSatoshi ($RBLZ) also includes community participation benefits. Members can send their memes to be featured in the project’s Hall of Fame gallery. Furthermore, early supporters of RebelSatoshi are inducted into its Rebellion Secret Council (RSC). Members of the RSC will enjoy access to secret meetings, project updates, and contributions to its decentralized revolution strategy.

RebelSatoshi ($RBLZ) has mapped out plans for raising $100 million in market capitalization. It will offer three main services: coin staking, NFT trading, and play-to-earn gaming. Staking the $RBLZ token will generate attractive returns for users depending on how long they hold their tokens. Furthermore, NFT trading will involve RebelSatoshi’s 9,999 rare NFTs. Finally, its P2E gaming adventure will come in the latter stages of its development.

$RBLZ will get listed soon. Its ongoing blockchain ICO has already sold 110 million tokens. $RBLZ is in the Monarchs Round Four of its presale, costing $0.022, after growing by 120% from its initial price. When it jumps to $0.025, $RBLZ will get listed. Its continued increase could make it one of the best cryptocurrency investments.

 

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



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

Bitcoin Price Inches Closer to $52K While Algotech Presale Nears the $1 Million Mark

Published

on

By


The cryptocurrency market is buzzing with excitement as Bitcoin (BTC) surges past the $52,000 milestone. Meanwhile, Algotech (ALGT), a promising project, is making waves in its presale phase, inching closer to the $1 million mark.

 

Bitcoin (BTC) Mounts Recovery After Recent Dip

On Wednesday (February 22), Bitcoin (BTC) surged close to $52,000, reclaiming its $1 trillion market capitalization. Despite a dip below $51,000 in the previous period due to market correction, BTC rallied during European trading hours.

This rally propelled BTC’s market value back above $1 trillion, marking the second time since December 2021. Bitcoin saw a 1.7% increase over the past 24 hours, mirroring the broader trend in the market, signaling strong support for the coin.

As demand for spot bitcoin exchange-traded fund (ETF) products grows, some traders are setting their sights on the $64,000 level in the coming weeks. Positive sentiment has been bolstered by strong inflows into U.S.-listed spot bitcoin ETFs, with BlackRock’s IBIT seeing nearly $500 million in net inflows. Meanwhile, outflows from the incumbent Grayscale Bitcoin Trust (GBTC) have been gradually slowing down.

However, there is a possibility of redemptions picking up soon, as Genesis, a crypto lender, has received bankruptcy court approval to sell its GBTC holdings worth $1.3 billion, according to Bloomberg. Swissblock analysts highlighted in a Wednesday report that BTC will likely continue its uptrend as long as it holds the key support level at $46,000, although they cautioned about slowing momentum.

 

Algotech’s Presale Momentum Picks Up

Algotech’s (ALGT) public presale starts with the ALGT token priced at $0.04 in Stage 1. This follows a successful private seed sale where Algotech raised $1.1 million in just two days, selling over 55 million ALGT tokens. Now, with less than 40 million ALGT tokens available for sale, the public presale offers crypto enthusiasts the opportunity to purchase the ALGT token on the Ethereum network (ERC-20).

Algotech represents a state-of-the-art decentralized algorithmic trading platform tailored to the dynamic realm of trading. Through its sophisticated algorithms and machine learning capabilities, Algotech enables traders to navigate intricate markets with efficiency, precision, and reliability.

The TradFi platform is spearheading a revolution in cryptocurrency trading by introducing its advanced decentralized algorithmic trading platform, which disrupts traditional manual trading methods. By harnessing cutting-edge algorithms and blockchain technology, Algotech ensures transparency, immutability, and security, effectively overcoming the limitations of manual trading. Tailored for the dynamic cryptocurrency trading realm, its platform executes precise investment strategies.

Backed by its superior technology and market sentiment, the ALGT token is expected to rally ahead of its presale price of $0.04 all the way up to $0.15 at the end of the presale. Some analysts are even predicting a price point of $1 once the project is listed on major exchanges.

 

You can find more details about this project:

Visit Algotech Presale

Join The Algotech Community



Source link

Continue Reading

Press Release

ProBit Global Crypto Exchange Lists GTAI On Its Platform

Published

on

By


  • ProBit Global cryptocurrency exchange has listed GT Protocol’s token, GTAI on its platform.
  • Trading, deposits, and withdrawals commenced February 15.
  • GTAI token holders benefit from GT Protocol’s Web3 and AI technologies, offering solutions across CeFi, DeFi, and NFT markets.

Prestigious global cryptocurrency exchange ProBit Global lists GT Protocol’s GTAI token, enabling seamless cryptocurrency trading and portfolio management. 

GT Protocol is a multichain protocol for DeFi investment pools management & decentralized copy trading on DEX platforms.

In an announcement on ProBit Global’s official website via press release and subsequent social media posts, the move marks a milestone for the broader crypto ecosystem. 

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

The announcement also highlighted that trading pairs GTAI/USDT were made available from February 15, facilitating seamless deposits, withdrawals, and trading activities.

Leveraging advanced Web3 and artificial intelligence technologies, GT Protocol claims to offer a transformative solution that spans across traditional centralized finance (CeFi), decentralized finance (DeFi), and the burgeoning NFT markets.

GT Protocol’s token, GTAI, serves as the backbone of the platform’s ecosystem, facilitating various functions. 

At its core, the token fuels the ecosystem rewards, incentivizing active participation within GT Protocol.

Moreover, with long-term holdings, staking, and exclusive product perks, GTAI token holders stand to benefit from significant advantages by supporting GT Protocol’s goal of making it easier for people to join the global cryptocurrency market.

Addressing the listing, ProBit Global BD and Partnerships Manager, Onur Özcan, stated,

“We’re thrilled to boost accessibility of AI tokens via our sizeable footprint and user base, especially given the market conditions and investment opportunities that exist in the AI space at the moment.”

Looking ahead, GT Protocol, fueled by the features of the GTAI’s ecosystem, aims to improve accessibility in cryptocurrency investing, particularly, for new traders.

See Also: Reddit Announced Its Bitcoin (BTC), Ethereum (ETH) Holdings Ahead Of IPO

ProBit Global was founded in 2018 and is among the top 20 crypto trading platforms, featuring access to 800+ cryptocurrencies and over 1,000 markets. 

The platform is distinguished by its robust crypto trading interface, compatibility with automated trading bots, and inclusion of a fiat on-ramp supporting 45 currencies, ProBit is a user-friendly experience for all.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in 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.

#Binance #WRITE2EARN





Source link

Continue Reading

Press Release

Axie Infinity Co-Founder Loses $9.7m 3,248 Ethereum Wallet Hack

Published

on

By


  • Two personal crypto wallets of Axie Infinity Co-Founder, Jeff “Jihoz” Zirlin, got compromised, allowing the hacker to walk away with $9.7 million worth of Ethereum (ETH).

Two crypto wallet addresses belonging to Jeff “Jihoz” Zirlin, one of the five co-founders of Axie Infinity and Ronin Network, were hacked, and roughly $9.7 million worth of Ethereum (ETH) 

On Feb. 23, blockchain investigator PeckShield alerted about a “whale wallet” compromise over the Ronin Bridge, reporting that the hacker made away with 3,248 ETH. 

Aleksander Larsen, co-founder of Ronin Network, immediately responded that “the (Ronin) bridge itself has top security” and suspected a wallet hack instead.

Larsen also highlighted that the Ronin Bridge had been audited and is designed to pause if an unusually large withdrawal is detected. 

See Also: Crypto Gaming Platform PlayDapp Lost $290 Million Worth Of PLA Tokens In Two Hack Exploits

Soon after, Zirlin confirmed that two of his personal wallets had been hacked. He said the attack was not due to vulnerabilities within the Ronin chain or Sky Mavis operations, adding:

“I want to assure everyone that we have strict security measures in place for all chain-related activities.”

PeckShield said that the root cause of the hack was a “wallet compromise,” which allowed the unauthorized outbound transfer of funds.

While no particular details were shared about the events that led to the hack, Zirlin’s message suggests that the private keys of the two wallets were leaked, which led to unauthorized access to his personal crypto wallets.

PeckShield’s investigation of the compromised wallets from Ronin Bridge v2 suggests that the 3,248-ETH loot was initially split and moved to three different wallets. 

The funds eventually made their way into Tornado Cash, a service often used by hackers to anonymize the funds’ ownership and traceability.

On Feb. 1, Binance froze $4.2 million worth of stolen XRP, a part of the $112-million hack on Ripple co-founder Chris Larsen’s personal wallet from Jan. 31.

Unlike Axie Infinity’s Jihoz hacker, Larsen’s hacker didn’t use crypto mixer services or decentralized exchanges to hide their identity. 

As a result, Binance was able to track down some of the funds and block them from the hacker’s access.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in 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.

 

#Binance #WRITE2EARN





Source link

Continue Reading

Trending

Copyright © 2023 Dailycrunch. & Managed by Shade Marketing & PR Agency