SEC - Page 170

3478 result(s) found.

Bitcoin Teeters on the Edge of $61,000 Amid Fed Decision and ETF Outflows

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On March 20, Bitcoin faced the possibility of dropping below $61,000 as experts cautioned that support levels might be on the verge of breaking.

According to data from Cointelegraph Markets Pro and TradingView, Bitcoin’s price experienced further declines, reaching a low of $60,760 on Bitstamp.

Currently, Bitcoin has fallen 17.5% from its peak, contending with selling pressure due to several significant challenges.

Reports have highlighted factors such as withdrawals from the U.S.’s spot Bitcoin exchange-traded funds (ETFs) and the Federal Reserve’s decision on interest rates on March 20 as key contributors to the downward pressure on Bitcoin’s value.

Although the outcome of the Federal Open Market Committee (FOMC) meeting seems predictable, much attention is focused on Fed Chair Jerome Powell’s remarks for clues on the future of risk assets.

The Kobeissi Letter, a trading analysis source, remarked on the situation via X (formerly Twitter), stating, “With the Fed meeting less than 24 hours away, it’s unlikely the Fed changes rates tomorrow.

“However, all eyes will be on guidance after the recent events. We maintain the view that it is far too soon to pivot.”

READ MORE: Best Crypto to Buy Now: We Analyzed the Top Coins for 2024

“Current projections from CME Group’s FedWatch Tool indicate only a 1% probability of a policy shift at the March 20 meeting, with a slight increase to 9.1% for the subsequent meeting in May.

“The situation is further complicated by consecutive days of net outflows from spot Bitcoin ETFs, according to data from the UK-based investment firm Farside.

Despite the outflows from the Grayscale Bitcoin Trust (GBTC) being less than the record $642 million on March 19, the reduced inflows to other ETF products resulted in underwhelming overall statistics.

Financial commentator Tedtalksmacro noted, “Almost $500M USD has flowed out of spot BTC ETFs in the past two trading days,” attributing the slowdown to traders’ cautious stance ahead of the FOMC meeting and the impact of tax season in the U.S.

He suggested, “Regular programming will resume, but some chop first.”

QCP Capital, in its daily bulletin to Telegram subscribers, pointed out the potential significant impact of the second consecutive day of net outflows on Bitcoin’s price stability, raising concerns over the ability of inflows to other ETFs to counterbalance the outflows and questioning whether this could lead to a net positive outcome.


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Spot Bitcoin ETFs Spark Market Divide, Setting Stage for Altcoin Surge and Financial Landscape Transformation

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The introduction of spot Bitcoin exchange-traded funds (ETFs) has significantly altered the landscape for both institutional and retail investors, leading to a divided market and impending shifts.

Retail investors, especially those new to Bitcoin, are increasingly investing through advisors in spot BTC ETFs, potentially making Bitcoin a common asset in household portfolios alongside traditional investments like gold.

Conversely, early adopters and enthusiasts of Bitcoin, who value its decentralization and resistance to censorship, feel their pioneering advantage is diminishing as mainstream adoption grows.

The essence of Bitcoin, from the perspective of its early supporters, seems compromised as it becomes integrated into the financial system it aimed to disrupt.

This situation is likened to a once-exclusive restaurant becoming too popular and corporatized, losing its original charm and purpose.

The finite nature of Bitcoin means its price is likely to increase as demand grows, but significant profits are poised to go to large asset managers handling the spot BTC ETFs, contrary to the decentralized ethos of Web3.

This scenario has led to a polarization within the crypto market: traditional investors entering through regulated financial products and long-standing crypto advocates seeking untethered access to blockchain technologies.

READ MORE: Reddit Under FTC Investigation Over AI Data Licensing Practices Amid IPO Preparations

This division is prompting a shift towards altcoins, spurred by the desire for diversification, higher returns, and adherence to the foundational principles of cryptocurrency.

Recent trends indicate a potential shift in market dynamics, with altcoins showing signs of gaining against Bitcoin, hinting at a forthcoming period of growth.

This movement could redefine the crypto landscape, elevating certain altcoins to prominence and reshaping investment strategies.

Although Bitcoin may remain a stabilizing force in investors’ portfolios due to its lower volatility, a shift towards more decentralized and potentially more lucrative alternatives is likely.

This realignment benefits institutions regardless of retail investor strategies, as the inherent scarcity and demand for Bitcoin ensure its price resilience.

However, a shift towards altcoins could significantly impact the decentralized finance (DeFi) sector, potentially catalyzing rapid growth beyond its current valuation.

As the market continues to evolve, investors on both sides of the divide face a dynamic and potentially rewarding future.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Best Crypto to Buy Now: We Analyzed the Top Coins for 2024

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The world of cryptocurrencies is constantly evolving, with new projects emerging on a regular basis. While many disappear as quickly as they appeared… some stand out for their long-term growth potential. Investing early in these nuggets can prove extremely lucrative.

In this article, we take a look at 4 cryptocurrencies that have caught our eye and could see a meteoric rise in 2024. Although investing in early-stage projects involves risk, these projects combine an innovative vision, an experienced team and a promising product.

Artrade: bridging the gap between physical art and the world of NFTs

Artrade ushers in a new era where traditional artworks merge with the digital world of NFT. This innovative platform enables artists to transform their physical creations into Real World Assets (RWA) on the Solana blockchain.

Thanks to its REAL protocol, Artrade guarantees the authenticity and traceability of each tokenized work.. NFC chips establish an unforgeable link between the physical object and its digital twin. What’s more, the fair redistribution of royalties and low commissions are already attracting renowned artists.

Artrade has its token, the ATR, which offers exclusive benefits such as discounts and a tempting staking program. With its unique vision, Artrade could well become a major player in the digital art market.

Lay3rs: The decentralized infrastructure for copyrighting AI data

At a time when generative AI is shaking up many sectors, the question of copyright on the data used is becoming crucial. Lay3rs offers a decentralized infrastructure to manage these rights and ensure a fair distribution of the value generated.

Thanks to its smart contracts and its DAO functionalities, Lay3rs enables crowdsourcing of financial resources and data. For each project, a refined AI is created to interact with more general models. License tokens guarantee the traceability and remuneration of all AI and data used.

The LAY, the token at the heart of this ecosystem, will be available during 2024. Between now and then, several promising use cases will be developed, such as the creation of digital twins for cultural or natural heritage. An ambitious project to keep an eye on!

Ouinex: transparency at the heart of crypto exchanges

Following the recent scandals that have rocked the cryptocurrency sector, transparency has become a decisive criterion for exchanges. Ouinex, a regulated French trading platform, has made this its battle-horse.

With ultra-competitive fees and an innovative system isolating market makers, Ouinex creates a fairer trading environment. The exchange has already established a presence in several jurisdictions and has formed strategic partnerships to expand its influence.

Its $OUIX token gives access to numerous benefits such as reduced fees and platform governance. With its rapid growth and regulatory rigor, Ouinex could establish itself as a major player in cryptocurrency exchanges.

Ago: DeFi at your fingertips to revolutionize your finances

Ago aims to democratize decentralized finance with its all-in-one application, combining the best of traditional finance and DeFi. Its decentralized exchange offers over 1,000 trading pairs at unbeatable rates, while its gateway “On-ramp/Off-ramp” simplifies conversions between fiat currencies and cryptos.

The AGO token, with its deflationary business model, offers fee reductions and rewards to holders. Decentralized governance puts the community at the heart of strategic decisions.

With ambitious projects such as the launch of a bank card Ago with an IBAN and the tokenization of real assets, Ago is set to revolutionize our relationship with finance. A unique opportunity to take part in this exciting adventure.

These 4 promising projects share a common vision: harnessing blockchain technology to build a more transparent, decentralized and equitable future. Whether in art, AI, trading or banking, they are reinventing their sectors by putting the user at the center.

If their approach appeals to you, follow their development closely and consider adding their tokens to your portfolio after a thorough analysis. By investing in these budding nuggets at an early stage, you could well see your capital multiplied when they become mainstream. Bear in mind, however, the risks inherent in this type of investment, and only invest what you’re prepared to lose. Time will tell if these 4 cryptos live up to their promise, but they’re certainly worth your attention in 2024!

Bitget Wallet Launches Native Token BWB, Announces $30M Investment and Airdrop Plan Following Rebranding

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Bitget Wallet, previously known as BitKeep, is set to introduce its own native token following a substantial $30 million investment from its namesake exchange, which valued the company at $300 million.

The introduction of the BWB token comes with a generous airdrop plan announced on March 18, aiming to distribute 1 billion BWB tokens.

A notable 5% of these tokens are allocated to users who either hold digital assets in Bitget Wallet or engage in swap transactions within the app.

This airdrop initiative includes a six-week points reward system, with points convertible to BWB tokens in the second quarter post its initial exchange offering.

Moreover, users who benefited from rewards in the BitKeep wallet prior to its rebranding can exchange these for BWB at a 6:10 ratio in Q2.

Alvin Kan, Bitget Wallet’s Chief Operating Officer, emphasized the value BWB brings to its holders, stating, “It’s important to us that BWB serves as a key to unlocking exclusive benefits for its holders, offering them a voice in community governance, access to ecosystem airdrops, and a dividend in the rewards.”

“Following the token announcement, the wallet experienced a temporary service disruption due to an overload, preventing some users from claiming their BWB tokens.

READ MORE: Spot Ether ETFs Have 85% Chance of Being Approved in May

The company reassured users that the issue was being addressed promptly and would be resolved soon.

Bitget Wallet has achieved significant popularity in the Asia-Pacific region, boasting over 19 million users. It supports in-wallet swap functionality for approximately 40 blockchains, positioning itself as a leader in the space.

This strategic move mirrors Trust Wallet’s post-acquisition launch of its native token by Binance in 2018, which has seen remarkable growth, offering a significant return on investment.

In a strategic shift in August 2023, BitKeep underwent a rebranding to Bitget Wallet following a major acquisition deal.

The wallet expanded its services by partnering with several payment platforms, including Banxa, Simplex, Alchemy Pay, MoonPay, and FaTPay, enhancing user accessibility to cryptocurrency purchases via credit cards, Google Pay, and Apple Pay.

This development underscores Bitget Wallet’s commitment to providing comprehensive services and benefits to its users, reinforcing its position within the digital wallet landscape.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Former Binance CEO CZ Zhao Teases New Education Project Amid Legal Battles

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Changpeng “CZ” Zhao, the former CEO of Binance, the world’s leading cryptocurrency exchange, is poised for a court appearance on April 30 for sentencing following his guilty plea to a felony charge.

Amidst legal challenges, Zhao has teased a new education-focused initiative related to cryptocurrency or blockchain technology, emphasizing that it will not introduce any new tokens.

This announcement was made in a March 18 post on X, where Zhao hinted at revealing more details soon about the project.

Zhao’s resignation from Binance in November 2023 was a condition of a plea agreement with U.S. authorities, including the Justice Department, Department of the Treasury, and Commodity Futures Trading Commission.

This agreement came with a hefty $4.3 billion settlement payment by Binance and saw Zhao pleading guilty to a charge concerning the failure to implement an effective Anti-Money Laundering (AML) program at the exchange.

Following his plea, Zhao has been in the U.S., released on a $175 million bond.

His legal representatives have sought permission for him to visit his family in the United Arab Emirates.

READ MORE: Bybit Announces ‘Deposit Dash’ Promotion Following Ethereum’s Dencun Upgrade

Zhao’s sentencing was initially slated for February but was postponed to April 30, raising speculations about his possible prison term, with some experts predicting a sentence of 12 to 18 months.

Since agreeing to the plea, Zhao has reduced his social media activity, mainly posting non-controversial holiday messages, making his March 18 announcement about the educational project a significant departure from his recent online behavior.

This has sparked curiosity among his followers, although the exact nature of the project remains unclear as of the announcement.

In addition to Zhao’s legal battles related to his plea, Binance, its U.S. counterpart Binance.US, and Zhao are also facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) filed in June 2023.

Binance.US described the SEC’s enforcement action as a critical threat in a March 5 court filing, highlighting the ongoing legal challenges faced by the exchange and its former CEO.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Saga Announces Saga Origins Game Publishing Arm During GDC 2024

San Francisco, California, March 20th, 2024, Chainwire

Cementing itself as the first and only Layer-1 web3 game publisher, Saga primes for Mainnet launch in April   

Saga, a leading Layer-1 protocol and developer ecosystem in web3, today unveiled Saga Origins, a new game publishing division devoted to bringing cutting-edge, quality games to market. With this landmark announcement, Saga becomes the first and only web3 chain to establish a dedicated game publishing arm for developers to partner with to release their projects.

Saga Origins is committed to offering a full-service and collaborative approach to bring games to a global mass market. Whereas developers would traditionally secure grants only to build and launch their games, Saga Origins offers added beneficial support, including partnerships with influencers to generate awareness, sponsored user acquisition campaigns, community building, and promotional support. Through its on-going Play-to-Airdrop campaigns, Saga, game studios and guilds, all team up to organize tournaments where players are rewarded with highly sought after $SAGA tokens for their participation. Most recently in January, Saga completed its revolutionary The Three Kingdoms airdrop campaign with participating partners Avalanche, Polygon and Solana.

“Saga Origins is our love letter to the developers building games in web3. While the onus of bringing users to the platforms often falls on the game developers, we want to buck that convention and use our platform to bring users to the games instead,” said Rebecca Liao, co-founder and CEO of Saga. “Saga Origins will allow developers to bring provocative, expansive, and uncompromising titles to consumers that will revolutionize how we will all view game experiences.”

Today’s unveiling was made at the Saga Multiverse Reveal event against the backdrop of the Game Developers Conference (GDC), where Liao opened the afternoon with a keynote focused on the Saga Multiverse, powered by both generative AI and blockchain, and Saga Origins. Liao and her Saga team were joined by industry executives, game developers and strategic partners at the event. The creators of Parallel, Wilder World and Wanderers, in a panel moderated by Brycent, explored what defines the new era of web3 gaming. In addition to announcing Saga Origins, guests were treated to first looks and demos of games currently in development on the Saga chain, including Rogue Nation, a fast-paced modern rogue-like game, and Another World, a metaverse game supporting crossover IP and community engagement. 

Liao further added, “Our Mainnet launch is the culmination of over two years of tireless work by our Saga core team to offer the most performant, lowest cost infrastructure possible to web3 developers. As proud and excited as we are to soon share this release with our Innovators and broader community, it’s only the beginning. When projects come online, games and entertainment content come to life, the Saga economy becomes the engine of our ecosystem, and our Multiverse truly begins.”

The Multiverse presentation premiered a cinematic Saga Mainnet trailer ahead of the highly anticipated launch, revealing an April release window.

As a leading Layer-1 protocol, Saga is an innovative solutions platform that seamlessly brings web3 games to market. Its technology is hyper-focused on developer needs, and dedicated to ensuring blockspace is abundant and can be simply accessed. There are 335 Innovator projects and counting building on its protocol, of which 80% are games. Additionally, Saga has cemented partnerships with flagship web3 projects including Polygon, Avalanche, and Celestia, positioning itself as a leader in web3 development.

This celebration of gaming during GDC not only reinforces Saga’s commitment to games, but also tees up its upcoming Mainnet launch. Only weeks away, Mainnet will bring together web3 gaming in an extensive launch campaign for the benefit of the entire Saga community. Details will be revealed closer to the Mainnet launch. The inaugural projects and partnerships under Saga Origins will be announced in the near future.  

About Saga

Recognized as a leading developer ecosystem in crypto and web3 gaming, Saga is creating the developer environment of the future. Its mission is to help creators unblock themselves and build where blockspace is at its most plentiful and simple. Saga was founded in 2022. Early seed investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, and Polygon. Originally built on Cosmos, Saga has furthered its presence by bringing typically disparate but the best ecosystems into its Saga Multiverse through ongoing strategic partnerships.

Saga Origins is the Saga game publishing arm. Launched in March 2024, it aims to build a portfolio of games that will make players think and feel in new ways. Creatively, Saga Origins projects are provocative, like web3, and the titles will push the envelope on what’s considered gaming on all fronts. 

To learn more about the Saga protocol, users can check out Saga’s website, litepaper, and developer documentation. Users are invited to join Saga’s Discord and Telegram and follow Saga on Twitter for the latest news and updates.

Contact

Sonia Im | Angella Austin
ONE PR Studio for Saga
saga.xyz@oneprstudio.com

Bitcoin Surpasses Gold in Investor Portfolios, Spot ETF Inflows Propel Market to New Heights

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A JPMorgan analyst reported on March 15 that Bitcoin has overtaken gold in investor portfolios, considering volatility adjustments, with Bitcoin’s allocation now 3.7 times that of gold.

This change is underscored by a $9 billion net inflow into Bitcoin ETFs, which offsets outflows from Grayscale.

Nikolaos Panigirtzoglou, a managing director at JPMorgan, shared in a recent X post that Bitcoin’s adjusted allocation exceeds gold by a significant margin.

He noted that since the approval of spot Bitcoin ETFs in January, over $10 billion has flowed into these funds. Panigirtzoglou suggested that the potential market size for BTC ETFs could reach $62 billion, using gold as a reference point.

Further, JPM Securities anticipates the spot Bitcoin ETF market could expand to $220 billion in the next two to three years, significantly impacting Bitcoin’s price due to increased capital inflows.

This optimism follows a nearly 40% increase in the crypto market’s total capitalization to $2.2 trillion, with Bitcoin and Ethereum experiencing 45% and 47% increases, respectively.

The growth has also benefitted altcoins, the DeFi sector, and NFTs.

Spot Bitcoin ETFs saw net sales soar to $6.1 billion in February from $1.5 billion in January.

READ MORE: Hong Kong’s SFC Adds MEXC to Warning List Amid Crackdown on Unlicensed Crypto Exchanges

During the same period, Bitcoin’s price spiked by 31%, reaching an all-time high of over $73,800.

This surge coincided with inflows into spot BTC ETFs, with crypto mining stocks also hitting new highs.

JPMorgan analysts noted that only 7% of the $3.3 trillion invested in gold is held in funds, with the remainder in physical forms.

By applying a volatility ratio of 3.7, they project the spot BTC ETF market could potentially reach $62 billion in the next few years, indicating a shift from other investments to ETFs.

Spot Bitcoin ETFs have attracted $19 billion in cumulative inflows since their inception, excluding Grayscale Bitcoin Trust.

With a $10 billion outflow from GBTC, the net inflows stand at $9 billion. February saw spot BTC ETF net sales jump to $6.1 billion, with the largest daily inflows exceeding $1 billion on March 12.

As the Bitcoin halving approaches, the market anticipates increased demand and a potential supply crisis. Ki Young Ju, CEO of CryptoQuant, predicts this event will fuel demand further.

The approval of spot Bitcoin ETFs marks a turnaround for Bitcoin, pushing its price beyond previous highs and encouraging institutional adoption, notably by BlackRock.


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Ether Faces $212 Million Liquidation Threat as Prices Teeter Near Critical $3,100 Mark

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The cryptocurrency sector is on edge, with projections indicating that a dip in Ether’s value below $3,100 could lead to the liquidation of leveraged long positions amounting to more than $212 million.

This prediction comes amidst a sharp decline in Ether‘s price, which fell 9.3% to $3,254 over a 24-hour period ending at 10:40 am UTC.

Over the week, Ether has seen a downturn of over 18%, and a further drop to $3,100 could erase $212 million in long leveraged investments, based on data from Coinglass.

Should Ether’s price drop below the crucial $3,000 mark, liquidations are expected to surge to $237 million.

The market’s recent volatility has led to significant liquidations amounting to $624.4 million in the last 24 hours alone.

This turbulence has predominantly affected long positions—investments made with the expectation of a price increase—eradicating $514 million in long positions and $110 million in short positions.

The OKX exchange experienced the highest liquidation volume at $90.8 million, with Binance and Bybit following at $79.9 million and $23.4 million respectively, according to Coinglass statistics.

A Bitfinex report, shared with Cointelegraph, notes Bitcoin’s recent sharp downturn since March 14, positing it as a potential test of institutional interest that could lead to a recalibration of prices across the cryptocurrency market: “We anticipate a period of market recalibration as investors seek equilibrium amidst unprecedented inflows into Spot Bitcoin ETFs.

READ MORE: Bitcoin Nears $60K Amid Weekend Sell-Off; Market Eyes ETF Resurgence and Futures Gap for Recovery

Conversely, the altcoin market’s resilience, evidenced by growing investment flows and record outflows of ETH, underscores a bullish narrative for Ethereum and Layer 1 blockchain projects.

As the market evolves, the performance of large-cap altcoins will be instrumental in determining its trajectory.”

Further, a record high in Ether net outflows from exchanges was observed on March 11, with 154,000 Ether withdrawn.

This reduction in exchange-available supply might push prices upward. Bitfinex suggests, “The recent netflow data indicates a potential short-term upward trajectory for Ether, however, we suspect this could be the traders moving their Ether off-exchanges to trade coins on an ERC-20 protocol or a Layer 2 like the Base mainnet.”

This movement indicates a strategic shift by traders, potentially aiming for gains through alternative trading platforms or technologies.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Shiba Inu Surges with Record Token Burns and Whale Moves, Sparking New Investor Enthusiasm

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Shiba Inu, often referred to as the ‘Dogecoin Killer,’ is experiencing a significant resurgence, evidenced by a notable increase in token burn rates and accumulation by traders, indicating a positive shift in investor sentiment.

Recent data from Shibburn highlights an astounding 2,889.5% burn rate for Shiba Inu, with significant amounts of SHIB tokens being removed from circulation through burning processes.

Notably, a single transaction resulted in the burning of 167.6 million SHIB tokens, complemented by two other substantial burns of 16.7 million and 10 million tokens, showcasing the community’s commitment to reducing supply.

Adding to the intrigue, The Data Nerd reported on a whale’s strategic actions involving the creation of seven new wallets and the transfer of 71.55 SHIB tokens from Coinbase to each, culminating in a massive accumulation of 500.9 billion SHIB tokens valued at $14.35 million.

This move is seen as a strategy to enhance security and distribute assets more securely, following a significant transfer of three trillion SHIB tokens to a wallet associated with Robinhood earlier in March.

READ MORE: Bybit Announces ‘Deposit Dash’ Promotion Following Ethereum’s Dencun Upgrade

Despite a recent 4% decline in its trading price, Shiba Inu has shown resilience with a price surge approaching $0.00003, even after experiencing a 17% decrease over a week.

Data from IntoTheBlock indicates a 38% increase in large transaction volumes, with transactions over $100,000 also seeing a rise, suggesting a growing interest in the meme coin.

Shiba Inu’s social media presence remains robust, with cryptic posts and teasers about future developments.

A notable tweet from Shiba Inu’s marketing lead, Lucie, hinted at exciting plans for the TREAT token, integral to the SHIB ecosystem and SHIB: The Metaverse, promising significant utility and rewards.

Despite fluctuations in value, Shiba Inu’s global interest remains high, with Google search trends showing peak interest in the meme coin over two years across ten countries.

This enduring popularity underscores the community’s enthusiasm and speculative interest surrounding Shiba Inu’s future prospects.


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Meme Coin Mania: $BONK and $SHIB Navigate Market Turbulence as New Contenders Emerge

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In the ever-evolving crypto meme market, $BONK and $SHIB stand out as two of the leading tokens, especially with the crypto bull run propelling $BTC to new heights.

Despite their prominence, these tokens have seen a decline from their peaks as new meme coins gain popularity.

$BONK, launched on Christmas Day 2022 as Solana’s first dog-themed coin, quickly captured the crypto community’s attention.

Its value surged by over 30% within two days of its debut, eventually reaching an all-time high of $0.00004704.

However, it has since fallen by 35% from this peak, facing a substantial market correction. Despite this downturn, $BONK remains a strong player in the market, with potential for future rallies.

$SHIB, launched in 2020, garnered significant attention, partly due to endorsements from public figures like Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk.

It experienced a staggering 40 million percent increase from its launch price, peaking at $0.00008845.

Currently, $SHIB is about 60% below its all-time high, but there is speculation about it reaching new highs later this year.

READ MORE: Prosecutors Reveal Sam Bankman-Fried’s Plan to Rehabilitate Image Post-FTX Collapse

Nevertheless, as $BONK and $SHIB experience downturns, newer memes such as $GFOX, $WIF, and $CIF are stepping into the limelight.

In December 2023, Dogwifhat ($WIF) was introduced on the Solana blockchain, quickly becoming a top 50 cryptocurrency by market cap and creating millionaires within four months.

This has led to a wave of similar tokens like Catwifhat ($CIF), which saw a 1000% increase in a month, among others.

For investors seeking significant returns, exploring token presales might offer the best entry points.

Galaxy Fox’s $GFOX token stands out for its unique play-to-earn concept set in space adventures, distinguishing itself in the meme coin market.

$GFOX is essential for transactions within the game, offering staking rewards and a portion of transaction taxes back to the ecosystem.

This setup incentivizes players and investors alike, with the platform promising real monetary rewards for active participants and offering over 3000 NFTs for presale.

As the bull market continues, $GFOX represents a prime opportunity for those looking to capitalize on the meme coin craze with potential for significant returns.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

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