The crypto presale market in 2024 is vibrant with promising investment opportunities. At the forefront is BlockDAG (BDAG), which has amassed over $20.7 million in its presale so far. Following closely are cutting-edge projects such as Slothana with its multi-chain functionality, Sponge V2 enhancing meme coin utility, Smog which targets the “Greatest Airdrop in History,” and Bitcoin Minetrix transforming cloud mining. While each offers distinct advantages, BlockDAG stands out due to its combination of technological innovation and market anticipation, making it a primary choice for investors. 1. BlockDAG – Spearheading the Next Generation of Crypto with a $20.7M Presale BlockDAG has quickly risen as a leader in the crypto presale landscape, accumulating $20.7 million swiftly. The project’s price has increased from $0.001 to $0.006, and it is expected to rise further. Successful initiatives like the release of DAGpaper v2 and an engaging keynote video contribute to BlockDAG’s success. Offering substantial long-term growth prospects, analysts project a 30,000x ROI and a potential price of $20 for BlockDAG by 2027. 2. Slothana – Linking Chains with the First Doge-Themed Meme Coin Slothana introduces the Dogeverse, a new concept featuring Cosmo, a multi-chain compatible meme coin modeled after Doge. Targeting a $17 million presale, Slothana facilitates transactions across various blockchains, enhancing transaction efficiency. This innovative approach makes Slothana an attractive investment for those seeking versatility and novelty in the crypto market. 3. Sponge V2 – Enhancing Meme Coin Utility with a Novel Staking Model Following the remarkable success of Sponge V1, Sponge V2 introduces a Stake-to-Bridge model, offering substantial returns and improved functionality. With a robust community and plans for strategic growth, Sponge V2 aims to exceed its predecessor’s success, establishing itself as a key player in the meme coin arena. 4. Smog – Targeting the ‘Greatest Airdrop in History’ Smog enters the market with the ambitious promise of the “Greatest Airdrop in History.” It focuses on strong marketing and community involvement. Its bold distribution strategy has garnered attention, making Smog a prominent newcomer in this year’s top crypto presales, especially for those eager to participate in a burgeoning community. 5. Bitcoin Minetrix – Innovating Bitcoin Mining with Tokenized Access Bitcoin Minetrix redefines Bitcoin mining by decentralizing the cloud mining process. Its limited token supply and staged pricing increases urge quick action among investors. Offering a transparent and secure way to partake in cryptocurrency mining, Bitcoin Minetrix appeals to those interested in passive income opportunities. Why BlockDAG Leads the Pack in 2024’s Crypto Presales Reviewing the top crypto presales of 2024, BlockDAG clearly stands out with its technological advancements and substantial presale achievements, indicating its potential for a 30,000x ROI by 2027. For investors looking for a blend of innovation, stability, and high growth potential, BlockDAG is the optimal choice this year, overshadowing competitors like Slothana, Sponge V2, Smog, and Bitcoin Minetrix. Join BlockDAG Now! Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVy Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here. The post 2024’s Premier Crypto Presale: BlockDAG’s 30,000x ROI Takes the Lead Over SLOTH, SPONGEV2, SMOG, and BTCMTX appeared first on The Merkle News.
The post Bitbot Presale Passes $2.7m As New Product Peek Released appeared first on Coinpedia Fintech News As the impending Bitcoin halving event sends ripples through the financial markets, savvy investors prowl for the next groundbreaking opportunity. In this electric atmosphere, Bitbot’s latest new product video has caught the discerning eye of sophisticated investors, released just as the markets teem with anticipation. With Bitbot’s presale already in stage 11, the tokens are flying off the virtual shelves quicker than ever. Read on to discover why investors are rushing to buy into this promising presale before it’s too late. Market insights: The Telegram trading bot market clears $1 billion The Telegram bot market is booming: with stalwarts like PAAL AI and Banana Gun leading the charge, this newly birthed niche is currently valued at over $1.2 billion. These Telegram trading bot tokens have revolutionized trading for crypto enthusiasts, boasting a user base exceeding 1.4 million and a cumulative trading volume that has surpassed the $19 billion mark – pretty much all in the space of a year. Although a vibrant ecosystem ripe with opportunity, it’s surprisingly underserved, highlighting the immense potential awaiting Bitbot’s introduction. Bitbot, the world’s inaugural non-custodial Telegram trading bot, is a revolutionary AI-powered Telegram trading bot that ensures users retain complete control over their assets until trades are settled, eliminating the need for a third party to hold funds. This method significantly enhances security and trust, addressing some of the most critical concerns in the Telegram trading bot market. By offering a non-custodial solution, Bitbot has the power to attract a new segment of privacy and security-conscious investors. This should both grow the market as a whole and take market share from Bitbot’s competitors – either way, great news for any BITBOT token holders. Bitbot’s arsenal: Could this be a quantum leap in trading? Since Bitbot is the first non-custodial Telegram trading bot geared towards retail investors, this marks a watershed moment in digital asset management. Bitbot’s sleek interface and one-click wallet creation simplify the trading process, complemented by a copy trading function that democratizes access to high-yield strategies. Security is the cornerstone of Bitbot’s value proposition, evidenced by its collaboration with Knightsafe to deliver a fortified, non-custodial trading environment. This partnership mitigates counterparty and hacking risks, setting a new industry standard. Additionally, Bitbot’s anti-MEV and anti-rug features shield investor assets from prevalent market vulnerabilities. Recent Medium blogs further delve into the nuances of Bitbot’s UI and functionalities, such as copy trading and the Gem Scanner. Its features driven by proprietary AI underpin Bitbot’s long-term potential by offering advanced market intelligence, personalized alerts and watchlists, and facilitating token sharing across different chains. This suite of features emphasized in the new product discussions positions Bitbot as a leader in harnessing AI for DeFi trading. For investors, the synergy of Bitbot’s features translates into a token with robust growth potential. By democratizing access to advanced trading tools and market insights, Bitbot doesn’t just open up a new market; it actively cultivates one, widening its audience and, by extension, enhancing the value proposition of Bitbot tokens. Bitbot price prediction: Riding the Telegram bot wave In the bustling Telegram trading bot market, it’s clear that Bitbot is not competing for the crown but redefining the throne itself. It’s doing this in several ways. Firstly, Bitbot’s dedication to safety sets a new market standard. Its non-custodial tech, its integration of anti-MEV bot measures, and its robust mechanisms to thwart rug pulls, directly address the prevalent vulnerabilities that have marred the reputation of competitors like Banana Gun and Unibot. These bots suffered significant setbacks—Banana Gun with a contract bug leading to a near-total value collapse, Unibot suffering over $500k in hacked funds last year, and another trading bot, Solareum, also being hacked for +$500k just this month. The security breaches and operational shutdowns Telegram bots experienced showcase the critical market gap Bitbot aims to fill effortlessly, attracting not only existing Telegram users but also a new audience wary of existing security issues. Despite the flaws and hacks Telegram trading bots have experienced, they are still popular with the trading community. Banana Gun has gone from its launch price of $9.93 to its current price of around $35 at press time—an over 200% jump in the past seven months. The Telegram trading bot market’s 24-hour trading volume is around $65 million, and contenders like Maestro and Bonkbot enjoy 7-day trading volumes of +$80 million and +$200 million, respectively. The economic incentives Bitbot offers—namely its revenue-sharing scheme, where coin holders receive a share of 50% of all trading fees, plus a referral scheme granting a lifetime 15% share of transaction fees—in addition to its enhanced security features, cement its potential for exponential growth. These schemes will likely bolster the community over time and help keep the BITBOT coin price strong. Bitbot’s presale is drawing to a close Bitbot’s presale has already passed $2.7m – nearly 100% more than Banana Gun’s presale amount raised. Investors who join the presale today can still realize 22.70% token price gains before the token launch. Bitbot is ready to dominate a market that still hasn’t really got going yet. And today is your chance to get ahead of the curve. To learn more and purchase BITBOT tokens, visit the official website.
The post A Bullish Week Teases 20% Recovery For TRX Price appeared first on Coinpedia Fintech News With the massive broader market correction, the TRX price action displays a pullback phase, testing the psychological mark of $0.10. However, the underlying demand, coupled with multiple bullish catalysts, led to a positive turnaround. As the buying pressure grows and the general market sentiment improves, the Tron token value projects a potential surge. With a chance of hitting $0.20, our TRX price prediction predicts a prolonged uptrend to hit $1 in 2024. Trend Reversal Finds Momentum With a bearish reversal from the $0.1433 resistance, the TRX price fails to surpass the May 2021 peak levels. A 20% pullback with multiple weekly bearish candles drops the market value to almost $0.10. TradingView However, the solid demand at the psychological mark of $0.10 and the prevailing uptrend create a buy-the-dip perception for TRON. Further, the 61.80% Fibonacci level and the long coming support trendline increases the bullish influence at lower levels. Currently, the TRX price trades at $0.1184 with a weekly return of 6.28%, creating a bullish engulfing candle. Further, the price action reflects a morning star pattern formation at a crucial area of interest (AOI), increasing bullish reversal chances. Technical Indicators:RSI Indicator: The weekly RSI line showcases a bullish turnaround from the halfway line and reflects a boost in underlying bullishness. MACD: The bearish crossover in the MACD and signal lines are turning lateral as the buying pressure resurfaces. This increases the chances of a potential bullish crossover. The declining intensity of the bearish histograms bolsters this thesis. Will TRX Price Reach $0.20? As the buyers remain dominant above the psychological mark of $0.10, the reversal rally projects a high likelihood of a jump to $0.15. Sustaining the bullish momentum, the uptrend can reach the $0.20 mark. Conversely, a reversal rally from the $0.12 mark can drive the prices down to $0.10.
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Having spent much of the month looking into banking-as-a-service, online marketplaces and AI within the world of embedded finance, we now turn our attention to checkouts and e-commerce. It is already abundantly clear that businesses are utilising embedded finance solutions to improve conversion rates and create a better experience for customers. But what exactly are the tangible benefits that embedded finance can offer merchants within their e-commerce checkouts? Embedded finance is ‘win-win’ For Daniel Cohen, CEO of paytech firm PayU GPO, there are no losers when it comes to embedded finance, benefitting merchants and consumers alike: “Ease of use and efficiency have always been key drivers behind the global digitalisation trends, and when thinking of consumers, it rings even truer! Daniel Cohen, CEO of PayU GPO “Embedded finance enables merchants to easily offer their customers value added service, all within the checkout process, to drive better more valuable experiences for the consumers. It creates a win-win situation: on the one hand, merchants can easily offer these options without having to invest in the technology and resources to build and maintain these services; on the other, the consumers are exposed to additional value in an intuitive click-of-a-button manner. “With embedded finance, merchants can deepen their relationships with their customers from a ‘buy this’ from me, to a more ‘let me help you buy this’ with either credit offerings, payment methods, card memberships and other enabling financial benefits.” Creating a more ‘personalised, efficient, and rewarding’ shopping experience Sophia Goldberg, CEO and co-founder at Ansa, a payments platform for merchants, explains exactly how embedded finance solutions can drive repeat business: “There are many benefits to merchants adding embedded financial services at checkout. Sophia Goldberg, CEO and co-founder at Ansa “For example, this can look like a branded payment method or wallet. This method not only streamlines checkout, reducing friction for improved conversion rates, but also increases the lifetime value of a customer, by driving retention and frequency. “By providing options like a closed-loop wallet or prepaid balance, customers can enjoy seamless transactions and earn rewards, simultaneously, merchants can gain valuable insights into consumer behavior to incentivise repeat business. “In addition to bolstering loyalty by delivering a consistent brand experience, these stored balances can drive revenue growth as customers with balances typically spend more per visit and in higher frequency. With this method, payments are a tool to reduce payment processing costs, which in turn can fund incentives and improve unit economics. This is incredibly important for merchants that have a low order value, like a daily latte, or microtransactions on a creator platform. These payments can then actually be considered valuable, instead of the profit being eaten up in the sunk-cost of processing. The money saved can then be rerouted to the customers in the form of rewards and incentives. “Embedding finance solutions at checkout enables merchants to create a more personalised, efficient, and rewarding shopping experience for their customers. Commerce, the way we shop, has rapidly evolved, where payments are still very much in the age of cards, lagging behind. This approach allows merchants to stay ahead of the curve in a rapidly evolving digital landscape and make payments a tool rather than a hurdle.” Keeping buyers happy Louis Carbonnier, co-founder and president of Hokodo, the provider of flexible payment terms for European merchants and marketplaces, also explains: “The benefits of embedded finance for merchants can be broken down into three main prongs: unlocking new revenue streams, increasing customer loyalty and improving operational efficiency. Louis Carbonnier, CEO and co-founder of Hokodo “By offering payments, lending, insurance and other services directly from a website, app, marketplace or other digital channel merchants are exposed to additional revenue streams that would otherwise have gone to a bank or financial services institution. Embedded financial services help you capture more revenue per transaction. “Merchants are always looking for ways to make sure buyers remain happy and therefore loyal to their brand. When you offer embedded financial services at the checkout, you make the customer experience easy, efficient and secure, which in turn encourages buyers to return. “Finally, the operational efficiency prong. When merchants embed payment processing, financing and other services into their platforms and back-end operations, they achieve greater visibility and control while reducing the time and costs of traditional processes.” ‘Embedded finance solutions are a secret weapon for merchants’ Denise Johansson is the co-founder and co-CEO of Enfuce, a female-led company and award-winning issuer processor at the forefront of financial service. Here, Johansson explains the power of embedded finance within e-commerce checkouts. Denise Johansson, co-founder and co-CEO of Enfuce “Payment often is the least fun part of online shopping and embedded finance solutions are a secret weapon for merchants. They can drive customer retention and long-term growth by making online shopping as secure, convenient and quick as possible for their customers. “Merchants can also gain valuable insights into customer behaviour and preferences through embedded finance analytics. This knowledge empowers them to tailor their marketing strategies and product offerings effectively. “Our partnership with Starcart, the Nordic e-commerce disruptor, provides one example of how merchants can revolutionise online shopping with embedded virtual card payments, achieving sales volume growth of 20 per cent per month simply by enhancing the payment process.” Utilising digital wallets Jonathan Vaux, head of propositions and partnerships at Thredd, the payments processing partner, explains how digital wallets are specifically changing the e-commerce game: “For merchants, the benefits come less from the just the e-commerce checkout experience and more from having a strategy to utilise digital wallets. Increasingly transactions are happening via this means, not just online, but also face to face. Jonathan Vaux, head of propositions and partnerships at Thredd “Whereas previously financials services were provided by a bank, there is now more of an opportunity for merchants to have a closer, more relevant and more direct relationship with their customers by offering value adds in the form of financial services. “For someone like Tesco, they have superstores, express stores, an online store and an app. Often these systems do not speak to one another which means a customer is recognised in a different way dependent on the location of the transaction. There is an opportunity here for embedded finance (in the form of a digital wallet) to identify a customer and create a relationship that spans online, in-app, and face-to-face, a true omni-channel experience. “Another good example of where the user experience has been significantly enhanced is in the online gaming and gambling space. We are seeing providers offer virtual cards for use in-app and online, creating a more seamless experience. The same card can be used to fund an account, collect winnings and make in-game purchases, all without having to leave the game environment.” ‘There is only upside in embedding a finance solution into your checkout’ Dave Farbrother, CEO of DivideBuy, also adds: “There is only upside in embedding a finance solution into your checkout. Offering your customers more ways to pay, including options to spread the cost of a purchase, is a must-have for UK merchants. Dave Farbrother, CEO of DivideBuy “According to the Financial Conduct Authority, 27 per cent of UK shoppers used retail finance at checkout last year, so the necessity for embedding finance options is only increasing . Merchants using our embedded finance solution, DivideBuy, have seen benefits including higher conversion rates, higher average order value, lower marketing costs so reducing their costs of customer acquisition. “Of course, with this increase in desire for finance options comes the need to partner with a finance provider who can offer a transparent, simple and fair experience to merchants and customers. “Low approval rates, hidden late fees, poor arears management and a negative customer experience can adversely affect your reputation. For that reason, it’s vital to partner with a provider who practices ethical and responsible lending. When done correctly, embedded finance brings a wealth of benefits to all parties – merchants included.” Reducing cart abandonment Brandon Spear, CEO of TreviPay, a B2B payment software provider, also reveals how embedded finance could impact the B2B space: “Buyer-seller loyalty hinges on a better payments experience, which is especially important in the B2B space. Merchants who can deliver a convenient and customisable payments experience can help drive loyalty to grow average order values. Brandon Spear, CEO of TreviPay “A recent study conducted by our team unveiled flexibility with payment options is so important that 78 per cent claim it is necessary for merchants to offer invoicing, and 51 per cent would switch to a different merchant if it offers flexible net terms. “When it comes to embedded payment options (a subset of the embedded finance process) within e-commerce checkouts, the value comes from the convenience of seamless transactions. Anything merchants can do to reduce cart abandonment helps their bottom line and improves customer satisfaction.” Shift from merchant’s prerogatives to consumer rights Finally, Ed Harries, VP of strategic partners and payments at Visualsoft Ltd, an e-commerce software solution provider, explains: “The choice of payment method at checkout has shifted from being a merchant’s prerogative to a consumer’s right. Ed Harries, VP of strategic partners and payments at Visualsoft Ltd “Previously, merchants determined the accepted payment methods, but this is no longer the case. Indeed, I’ve seen first hand how by providing a selection of payment options that automatically adapt to your consumer’s preferences, you could see an increase in your conversion rate by as much as 38 per cent. “The benefits to embedded finance solutions are numerous. Increased conversion rates, a better customer experience on the checkout, improved average order values and greater customer loyalty to name a few. “In addition to the ubiquitous use of credit and debit card payments, mobile devices have become a breeding ground for an endless array of payment methods. These range from the well-known Apple Pay to digital wallet options such as PayPal and RevolutPay, and even extend to more specialised open banking solutions and BNPL. “The secure biometric authentication capabilities in smartphones, coupled with the fact that cards and bank accounts are now literally in the palms of our hands, has shifted the power to consumers in choosing their payment method at checkout. Furthermore, the variety of payment methods catering to different customer demographics, geographies and industry needs, underscores the fact that a one-size-fits-all approach to payment options at checkout is no longer viable. “Those merchants who differentiate themselves by incorporating an embedded payment solution are likely to capture more customers and retain them for future purchases, breeding more success online. They are likely to be able to capture greater market share than those that don’t offer this choice using embedded payments.” The post What Benefits Can Embedded Finance Offer Merchants and Their E-Commerce Checkouts? appeared first on The Fintech Times.
The post NFTFN Secures $500K in Presale Stage 1; Stage 2 is Almost Full & Closing Soon appeared first on Coinpedia Fintech News The cryptocurrency market is currently experiencing a strong bullish trend, accompanied by an overall positive sentiment. This surge in cryptocurrency prices has led to increased market liquidity and boosted investor confidence. The Crypto Fear & Greed Index indicates Extreme Greed among investors, setting the stage for an exciting April in the crypto market. Anticipating a Market Rally Investors and traders are anticipating a market-wide rally in April, leading to a significant influx of capital into the crypto market. NFT Finance (NFTFN) has emerged as one of the most promising projects of 2024 in the web3 fintech space. As the crypto market heats up, investors are advised not to overlook the potential of tokens like NFTFN. Addressing NFT Market Challenges NFTFN aims to tackle challenges in the NFT market, including high entry barriers and a lack of risk management tools. Its flagship product, SuperNova (SNV), is a decentralized exchange that offers exposure to blue-chip NFT collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), among others. Innovative Trading Ecosystem Traders can use SNV’s innovative floor price index to take long or short positions based on the floor prices of these premium NFT collections, with leverage of up to 10x. By enabling users to interact with top NFTs with as little as $10, NFTFN is creating an inclusive trading ecosystem. Strong Backing and Partnerships NFTFN has raised $500k from crypto giants like Polygon and leading venture capital firms like Sigurd Ventures and Alpha Wave Global. It has also formed strategic partnerships with industry leaders such as Binance Smart Chain and Polygon, OpenSea, and BitsCrunch, WOW Earn, and Google Cloud Platform. Hottest Presale Opportunity After a successful initial presale round, NFTFN is now in the second stage of its presale, with investors eagerly buying the token for just $0.03 (limited supply of 1 billion tokens). Investors who participated in the first stage have already seen a 20% profit on paper. Positioned for Growth With the NFT market’s market capitalization projected to reach $230 billion by 2030, NFTFN is well-positioned to capitalize on this growth and experience a significant increase in its value. Discover the Most Exclusive Presale Opportunity of 2024 Now: Visit NFTFN Token Presale NFTFN Official Website Join Official Telegram Group Follow Official X Account
The post From Zero to Hero: Solama’s Rise in the Solana Meme Coin 2024 Galaxy appeared first on Coinpedia Fintech News In the ever-expanding Solana meme coin 2024 galaxy, Solama is a blazing star. Witnessing a meteoric rise in just a few short months, Solama has captivated investors with its incredible growth, passionate community, and innovative approach. Join us as we explore the story behind Solama’s success and discover why it could be the next big thing in crypto in the next bull run! The Blueprint for Being the Top Solana Meme Coin 2024 For years, Ethereum reigned as the king of altcoins. However, a new contender has emerged, steadily chipping away at Ethereum’s dominance: Solana. Solana’s recent growth has been nothing short of remarkable. One driving force behind this surge? The explosion of meme coins within the Solana ecosystem is a topic that has ignited heated discussions across the crypto community. Among this wave of meme coins, Solama shines brightly, as it was just launched a while ago, and since then, it has captured the hearts of many investors within the Solana network. But what does it take to become the shining star of Solana meme coins? 1. Explosive Growth Solama showed us its great potential and remarkable market cap surge, as documented on CoinMarketCap, and went from $1 million to $100 million in three days. Later, Solama reached its all-time high of over $120M in market cap, which shines a light on its potential, right? 2. Engaged Community With a rapidly growing community nearing 30,000 holders and still counting, Solama fosters a fun and inclusive environment. Their new website features an engaging game, while their official merchandise store, Solama Trendz, lets you proudly represent your Solama spirit animal. Who doesn’t like llamas and doesn’t want themed meme merch to represent their uniqueness? 3. Strategic Partnerships A new crypto project is about more than just the hype in today’s fast-paced world. As such, it should cater to more than the meme craze, offering new ecosystem extensions that seamlessly blend in strategic and lucrative partnerships. As we all know, strategic partnerships are the building blocks of a thriving ecosystem. Therefore, they’ve secured partnerships with industry leaders like AssetDash, a powerful crypto portfolio tracker and swap platform, solidifying their commitment to long-term success, besides having big influencers such as WhaleInsider by their side, fostering trustworthiness and transparency. 4. Beyond Fun and Engagement Sure, Solama offers the potential for financial gains, but they understand that a strong community is vital for long-term success. That’s why they’ve created a fun, engaging game accessible directly on your desktop. Imagine a crypto project where you can hold tokens and enjoy a playful game with fellow Solama enthusiasts. This unique approach sets Solama apart and strengthens the bonds within its growing community. 5. Multiple Exchanges Embrace the Rising Star Solama’s rise isn’t going unnoticed by the crypto exchange world. As demand for $SOLAMA soars, many platforms are eager to list this exciting meme coin. For those who prefer a decentralized approach, Solama is readily available on popular DEXs like Raydium, Jupiter, and Orca, offering a private and secure trading experience. Centralized exchange enthusiasts can also rejoice, with $SOLAMA gracing the listings of prominent CEXs like Bitrue, BitMart, CoinEx, and MEXC. This accessibility ensures a smooth and convenient experience for all investors. But the party doesn’t stop there! There are whispers about even more Tier 1 CEX listings for Solama, validating Solama’s potential to become the undisputed champion of the 2024 Solana meme coin scene. Also, stay tuned for May 7, the BingX official token launch! 6. The Solana Advantage Built on the Solana blockchain, Solama leverages the platform’s high speed, low fees, and constant development focus, ensuring a robust and scalable foundation for its ecosystem. As a result, Solama’s commitment to continuous development ensures scalability and adaptability, crucial factors for long-term growth within the ever-evolving crypto landscape. With upcoming Tier 1 CEX listings set for May, June, and July, Solama is off for an incredible journey ahead. Will you be a part of it? Join the Solama Ecosystem! Explore their official website, play their llama-themed game, grab some merch, and join the conversation on social media channels like X (Twitter), Telegram and Instagram.
The post Dogecoin’s Historical Performance Points to Potential Price Targets $3.80 appeared first on Coinpedia Fintech News Crypto analysts are pointing to a fascinating trend in Dogecoin’s historical performance that could hint at potential price targets for the current bull cycle. According to the analysis, Dogecoin has consistently reached or surpassed the 1.618 Fibonacci extension, which currently projects a target of $3.80 for this cycle. Dogecoin Aim For $3.80 In a recent tweet, a prominent crypto trader highlighted Dogecoin’s historical behavior, noting its tendency to achieve significant milestones based on Fibonacci extensions. The current 1.618 Fibonacci extension level suggests a potential target of $3.80 for Dogecoin’s price during the ongoing bull cycle. In all of #Dogecoins bull cycles it has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows. The current 1.618 FIB on #DOGE currently sits at $3.80. While I think this can be more difficult to achieve then… pic.twitter.com/9UE0rE3zCY— Kevin (@Kev_Capital_TA) April 26, 2024 While acknowledging challenges posed by market dynamics and capital saturation, the trader emphasized the relevance of historical patterns in forecasting potential outcomes for Dogecoin’s price trajectory. Further into analysis analyst, suggests that Dogecoin’s 3-day RSI (Relative Strength Index) consistently maintained above the 50 level throughout its journey to new all-time highs (ATH). Based on the historical pattern observed with the 3-day RSI, the trader suggests that Dogecoin is poised for a bounce from the current range, potentially leading to upward movement in price. As you can see here when it comes to #Dogecoin in its previous bull cycle the 3 day RSI never lost the 50 level on its path to new ATH's. If we're to keep similar structure like we have been then we want to see #DOGE bounce from this exact same range we're in and eventually head… pic.twitter.com/xQP4zVZiVs— Kevin (@Kev_Capital_TA) April 26, 2024 Other Notable Price Targets Alongside the $3.80 target, the trader identified additional price targets based on Dogecoin’s historical performance. These include $0.95 and $1.35 for the current bull cycle, representing significant milestones that align with past price movements. The analysis highlights the importance of considering historical trends and Fibonacci levels as valuable tools for assessing potential price movements in the crypto market. Dogecoin Price Analysis As of now, Dogecoin (DOGE) is trading at $0.1511, showing a minor decline of 0.33% over the past 24 hours. The trading volume has also decreased by 31.87%, amounting to $959 million. Despite these fluctuations, Dogecoin’s market capitalization remains stable at approximately $21.3 billion.
The post China Might Unban Crypto in Upcoming 3 Months: Experts Predict appeared first on Coinpedia Fintech News China, known for its strict stance against cryptocurrencies, is reportedly considering lifting its ban on Bitcoin in the upcoming months. This development comes as Hong Kong, a Chinese Special Administrative Region, makes significant moves towards embracing Bitcoin by approving Bitcoin exchange-traded funds. The Chinese Ban on Cryptocurrencies China’s ban on cryptocurrencies began in September 2017 when the government imposed strict regulations on Initial Coin Offerings (ICOs), leading to the shutdown of cryptocurrency exchanges. The ban aimed to curb financial risks and illicit activities associated with cryptocurrencies. It included prohibitions on mining, trading, and ICOs. The government also cited environmental concerns related to Bitcoin mining as one of the reasons behind the ban. In 2021, China escalated its crackdown on cryptocurrency mining, leading to the shutdown of large-scale mining operations across the country. This move resulted in a significant exodus of mining operations to other countries with more favourable regulatory environments. The aftereffects of the ban were substantial, with a dramatic drop in Bitcoin’s hash rate and a shift in the global mining landscape. After effects of the Ban China’s ban on cryptocurrencies caused a ripple effect across the industry. The clampdown on mining led to a notable decrease in Bitcoin’s hash rate, as miners relocated to countries with more lenient regulations. This shift also impacted Bitcoin’s price, causing temporary market volatility. The ban’s effects on the broader cryptocurrency ecosystem were also notable, with Chinese crypto exchanges and other crypto-related businesses relocating to more favourable jurisdictions. This migration of talent and capital affected China’s position in the global cryptocurrency industry. Hong Kong’s Bitcoin ETF Approval: A Turning Point? The recent approval of spot Bitcoin and Ether ETFs in Hong Kong may signal a change in China’s stance on cryptocurrencies. The Hong Kong Securities and Futures Commission approved these ETFs, which are set to begin trading on April 30, 2024. This move makes Hong Kong the first Asian financial hub to embrace cryptocurrencies as mainstream investment tools. The approval of Bitcoin ETFs in Hong Kong has several implications for China. As a Special Administrative Region, Hong Kong has a separate legal and financial system, allowing it to make independent decisions regarding financial products. However, Hong Kong’s moves towards becoming a global digital asset hub may encourage mainland China to reconsider its ban on cryptocurrencies. Influence of Hong Kong’s Crypto-Friendly Stance on China With Hong Kong’s Bitcoin ETFs gaining popularity, China might see an opportunity to reengage with the cryptocurrency market. The success of these ETFs could demonstrate the potential for regulated and compliant cryptocurrency investment, alleviating some of China’s concerns about financial stability and illicit activities. Additionally, the success of the US’s spot Bitcoin ETFs, which have drawn significant net inflows, may further influence China’s decision to unban Bitcoin. These developments suggest that China could benefit from embracing cryptocurrencies in a regulated manner, potentially boosting its position in the global financial market.