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Tesla Makes $600M in Bitcoin Profits, Spurs Low-Cap Coins Like $BTCBULL

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7 hours ago

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Elon Musk’s tech-savvy car company, Tesla, made astounding Bitcoin profits of $600M in Q4 2024, potentially signaling a rosy future for low-cap coins like $BTCBULL.

While Tesla’s stash is worth a chunky $1.1B, MicroStrategy is another major firm bullish on crypto, holding $46.97B worth of $BTC. Economic powerhouses like Tesla and MicroStrategy piling up crypto hoards should help the industry mature faster, attract new investors, and lead to an acceleration in new developments. 

Among these new developments are $BTCBULL and $SOLX, two low-cap coins still in presale. Both offer a time-limited opportunity for traders wanting to diversify their portfolios with a few high-risk, high-reward options. Once they go live, both tokens’ prices are expected to jump significantly. 

1. Bitcoin Bull ($BTCBULL) – Low-Cap Coin Dishing Out Free $BTC

As the name suggests, Bitcoin Bull ($BTCBULL) might be the most bullish Bitcoin-centric project at the moment. Its mission is to drive $BTC’s value to $1M+. It will do this by offering token holders an extra $BTC every time BTC edges closer to its targets ($100K, $150K, $200K, and so forth). 

A massive $BTCBULL airdrop awaits the most dedicated token holders when the crypto king reaches $250K.

Making the $BTCBULL proposition even more tempting is that holders can earn additional tokens by staking $BTCBULL for a sizable 664% APY. 

We think that the team committing 40% of its total token supply to PR and marketing should mean it’ll stay in the limelight for the long haul. 

The presale has already raised over $500k, just 24 hours after its launch, which also signals keen investor interest.

Bitcoin Bull tokenomics
Source: Bitcoin Bull

To get involved, you can buy $BTCBULL on presale for just $0.002355, using either $ETH, $USDT, $BNB, or fiat. 

2. Solaxy ($SOLX) – First Ever Solana Layer-2 Designed to Reduce Congestion

The Solaxy ($SOLX) presale is fast approaching $20M, hinting at an even greater surge once the meme coin is listed on crypto exchanges.

Solaxy’s popularity is fueled by the project’s goal of developing the first-ever Solana Layer-2 (L2) network, which will mitigate Solana’s issues like congestion and failed transactions. 

President Donald Trump’s launch of his own Solana-based meme coin shone a light on the network’s woes, with 40% of transactions on Solana failing due to high demand.

That’s where Solaxy comes in. It harnesses both Solana and Ethereum’s strengths to transfer assets between blockchains seamlessly, reducing the load on Solana alone. 

Solaxy crypto project
Source: Solaxy

$SOLX is your entry into the ecosystem. Considering the network’s launch is predicted to push it to $0.032 (a 1860.78% spike from its current value of $0.001632), and the 208% staking rewards for early investors, there’s no better time to join the Solaxy presale than now. 

3. Meme Index ($MEMEX) – Features 4 Meme Coin Indexes Tailored to Different Risk Profiles

Meme Index ($MEMEX) is another standout low-cap coin project. That’s because it is the token behind the creation of the world’s first decentralized meme indexes. 

These four indexes consist of meme coin baskets that cater to investors with contrasting risk tolerances.

Take the ‘Titan Index’, which is great if you’re nervous about investing in meme coins, as it only spotlights the top ten established tokens. For those with a bigger appetite for risk, the Frenzy Index has just the stuff — low cap coins that could just as easily soar or sink.

Meme Index meme coin baskets
Source: Meme Index

Beyond the meme coin indexes, there are also 643% staking rewards on the table, along with other bonuses and incentives. 20% of $MEMEX’s total token supply is set aside for these. 

One $MEMEX currently costs $0.0160993, but we predict it’ll reach $0.074 by this year’s end, so now’s an opportune time to join the presale. 

4. Koma Inu ($KOMA) – Locks Liquidity to Tackle Pump-and-Dump Fears

Koma Inu ($KOMA) is a Binance-based meme coin making waves, having rocketed some 50% since yesterday.

Koma Inu has spiked by 50% since yesterday on CoinMarketCap
Source: CoinMarketCap

Another coin inspired by Shiba Inu puppies, it capitalizes on $SHIB’s success, which now boasts a hefty $9.54B market cap. 

Dog-themed coins together make up a $54B+ market cap, an eye-watering total that’s jumped by 5.6% since yesterday. 

But what sets $KOMA apart from other canine tokens is its phased liquidity-locking mechanism. This prevents early fund withdrawals and builds public trust that it’s not another pump-and-dump scheme.

Over 90% of pump-and-dump schemes went unnoticed last year, making $KOMA’s locking mechanism all the more important.

You can buy $KOMA for around $0.053 on major exchanges like Bitget, KuCoin, and MEXC. 

5. AI16z ($AI16Z) – AI & Governance Token Boosting Traditional VC Investments

Last but not least, there’s $AI16Z, the native token of a venture capital firm led exclusively by AI agents. 

As a governance token, it encourages $AI16Z holders to contribute to investment decisions, provided the AI agent ‘Marc Andreessen’ doesn’t hate them. 

Token holders can also vote on tokenomics and future developments, meaning AI16z has the potential to democratize the typical venture capital investment process through transparency and inclusivity. 

You can join this Decentralized Autonomous Organization (DAO) by purchasing $AI16Z for roughly $0.57 on Bybit and Bitget. 

Low-Cap Coins Like $BTCBULL Could Explode 100x

With growing corporate interest in Bitcoin and blockchain tech, low-cap coins like $BTCBULL and $SOLX could explode 100x. 

Each of the coins mentioned above gives you the chance to diversify your crypto portfolios at bargain presale prices. 

But this isn’t investment advice. You must always do your homework and never invest more than you’d be upset to lose. 



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Franklin Templeton Enters Solana ETF Race with Delaware Filing

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59 minutes ago

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February 11, 2025

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In an astonishing development, Franklin Templeton has joined the Solana ETF rally, submitting documents in the US state of Delaware. By registering the Franklin Solana Trust entity, the asset manager has initiated procedures for its spot Solana ETF launch.

Notably, the move comes following the Securities and Exchange Commission’s (SEC) acknowledgment of Canary Capital’s Solana ETF application. While many investment firms are vying to launch altcoin ETFs, the community keenly awaits the SEC’s potential moves.

Franklin Templeton Registers Solana ETF in Delaware

In a recent filing, Franklin Templeton, a US-based global investments firm, submitted documents in the US state of Delaware to launch its Solana ETF. As an initial step towards the ETF launch, the asset manager registered the Franklin Solana Trust entity in Delaware, joining the rally of Solana ETFs.

While Franklin Templeton follows the footsteps of several other investment firms, including Grayscale and Canary Capital, this shows the increasing institutional demand for Solana. Commenting on Solana’s growing adoption, FOMO HUNTER, a prominent crypto voice on X, stated,

Solana ETF filings are heating up. Franklin joining the race adds momentum, but remember, regulatory approval is just the start.

What is Franklin Templeton’s Crypto Index ETF?

Recently, Franklin Templeton submitted an amended S-1 filing to the SEC, seeking regulatory approval for its Franklin Templeton Crypto Index ETF.

Although the fund initially plans to track its Bitcoin and Ether ETFs, it will eventually expand to include other altcoins. The platform stated in the filing, “The fund currently may not hold any digital asset other than bitcoin and ether. It is uncertain whether any digital assets other than bitcoin and ether may in the future be added to the Underlying Index.”

However, Franklin Templeton could add new cryptocurrencies to the Crypto Index ETF only after the SEC approved a similar ETP or fund for that asset.

Asset Managers Await SEC Approval for Solana ETFs

Notably, VanEck was the first platform to apply for a Solana ETF back in June 2024. Since then, several platforms, including Grayscale, Canary Capital, Bitwise, and 21Shares joined the rally, filing for spot Solana ETFs.

Last month, the SEC officially acknowledged Grayscale’s 19b-4 filing to list and trade its Solana Trust on NYSE Arca. With this, the SEC has opened a 21-day public comment period on a $102.8 million Solana-based fund. After the comment period, the SEC will decide whether to approve, reject, or further review the application.

In the latest update, the SEC acknowledged Canary Capital’s filing, signaling the regulator’s potential approval of the ETF. However, the SEC’s classification of Solana as an unregistered security casts shadow over the move. According to Bloomberg analysts Eric Balchunas and James Seyffart, ETFs for Litecoin and Hedera are more likely to receive SEC approval ahead of those for Solana and XRP.

Solana Price Dips Despite Increasing Institutional Interest

Despite growing institutional interest in Solana, the price continues to dip, currently trading at $196.57. The token has marked notable declines of 3.34% and 9.99% over the last day and last week, respectively.

Boasting a market cap of $95.94 billion, Solana is ranked 5th on CoinMarketCap. However, its 24-hour trading volume contrasts with the increasing institutional demand. Currently, Solana’s volume is recorded at $3.81 billion, down by 14.03%.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Crypto Analyst Begins Countdown To Altcoin Season Of 2025, You Won’t Believe How Close It Is

Published

2 hours ago

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February 11, 2025

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Many crypto analysts and investors are still eagerly anticipating the arrival of a full-blown altcoin season in this market cycle. While some surges have been observed in individual altcoins like Solana and XRP, the broader alt market has yet to see the kind of explosive rally that characterizes an official altcoin season. 

This delay is largely attributed to Bitcoin’s continued dominance, which has remained strong despite periodic pullbacks. However, one analyst has now begun the countdown, predicting that the long-awaited altseason is just days away.

Crypto Analyst Predicts Altcoin Season Will Begin In Just Three Days

Bitcoin dominance is still near cycle highs and the market has yet to confirm a definitive shift, but technical analysis suggest that altcoins may soon gain momentum. According to the Bitcoin Dominance Chart from Coinmarketcap, Bitcoin’s dominance is currently at 60.2%, having recently reached a multi-year high of 61% on February 8.

However, according to a crypto analyst known pseudonymously as Pepa (@moonshilla) on social media X, the next official altcoin season is about to kick off within the next three days. Taking to the social media platform to start the countdown, the analyst noted that alts have three days and seven hours before lift-off. 

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Altseason about to begin | Source: Pepa on X

The post was accompanied by a chart of the total altcoin market cap against Bitcoin (OTHERS/BTC), showing that the price action recently touched the lower trendline of a multiyear ascending channel. This trendline has historically been a key inflection point, with a bounce from here preceding the last two altseasons in previous cycles. If the pattern holds, a strong reversal to the upside could be in play for the altcoin market cap.

Historical Patterns Suggest February 14 Could Be The Start

Backing up the prediction, Pepa pointed to historical trends in previous market cycles. In an earlier post, the analyst laid out a timeline of past altcoin seasons, noting that major alt surges have occurred in the year after Bitcoin’s halving event. 

According to this data, the first altcoin season began on February 14, 2017, following the 2016 Bitcoin halving. The second alteason kicked off on January 1, 2021, after the 2020 halving. Now, the next projected start date for altcoin season is February 14, 2025, and we could see a potential repeat of the 2017 cycle. Interestingly, this observation is based on a 44-day chart, with the next 44-day candle set to open in just five days. 

Despite the analyst’s countdown, alteason cannot truly materialize until Bitcoin dominance begins to weaken. Currently, Bitcoin dominance sits near multi-year highs, meaning that BTC continues to attract most of the capital inflows as it looks to break above $100,000 again.

Additionally, Ethereum’s performance relative to Bitcoin has historically been a precursor to broader altcoin rallies. If ETH/BTC shows strength, it could confirm that the market is shifting in favor of alts. At the time of writing, Ethereum is testing a key support on the ETH/BTC price chart. A bounce from here could be the first step in a new altseason.

Altcoin
Overall market cap excluding Bitcoin at $1.24 trillion | Source: TOTAL2 on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com



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North Carolina Moves To Establish State Reserve

Published

5 hours ago

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February 11, 2025

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North Carolina is making a significant stride toward the integration of Bitcoin into its financial strategy. A recently introduced bill aims to enable the state treasurer to allocate a portion of public funds to digital assets, with a particular emphasis on BTC exchange-traded products (ETPs).

North Carolina has become the 20th state in the United States to investigate legislation that pertains to Bitcoin reserves as a result of this action.

10% Of Budget To Bitcoin Investments

The intent of House Bill 92 (HB 92), also known as the “NC Digital Assets Investments Act,” is to empower the state treasurer to allocate up to 10% of state-managed funds into crypto-backed ETPs.

House Speaker Destin Hall, Representatives Mark Brody, and Steve Ross, introduced the measure, which proposes to diversify the state’s investments by incorporating cryptocurrency exposure.

According to Dan Spuller, Blockchain Association chief of Industry Affairs, Hall is “one of NC’s most powerful leaders.”

To provide context, the potential for billions of dollars to enter the digital currency markets if North Carolina were to invest the entire 10% of its eligible funds is significant. This allocation could result in the procurement of tens of thousands of BTC, given that the flagship coin’s current price is approximately $98,000+.

The Growing Influence Of Crypto In State Investments

North Carolina’s action is indicative of a more general trend in the United States, wherein states are increasingly supportive of Bitcoin as an investment-grade asset.

Other states, such as Florida, Utah, and Texas, have either introduced comparable legislation or are currently conducting assessments of crypto investment strategies.

BTCUSD trading at $98,011 on the daily chart: TradingView.com

Some of the main reasons for the growing interest are Bitcoin’s potential to operate as an inflation hedge and its expanding institutional acceptance.

Bitcoin is presently being considered a more viable option for institutional portfolios due to its market capitalization nearing $2 trillion. The passage of HB 92 in North Carolina could further legitimize state-level Bitcoin investments and expedite similar initiatives across the country.

Potential Advantages And Obstacles

Supporters of the measure contend that the allocation of funds to Bitcoin-backed ETPs could generate substantial returns and establish North Carolina as a leader in financial innovation.

Proponents also emphasize crypto’s historical performance, which has experienced an average annual growth rate of over 50% over the past decade.

Nevertheless, not all individuals are in agreement. Critics reference the volatility of Bitcoin, the regulatory uncertainties, and the dangers associated with linking public funds to digital assets. In recent years, BTC has experienced a significant increase, but it has also experienced significant declines, which has raised concerns about financial stability.

Featured image from Gemini Imagen, chart from TradingView





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