Connect with us

Altcoin

Bitwise Files for $DOGE ETF, Don’t Miss $FLOCK’s Presale End

Published

on


Crypto index fund Bitwise announced plans to issue a Dogecoin ($DOGE) ETF in Delaware, joining the likes of CoinShares and REX Shares. Meme coins have already been outperforming most of the crypto market sectors throughout 2024, and news about Dogecoin ETFs could keep the hype going.

Although we’re yet to see an impact on $DOGE’s price, investors have been flocking to ongoing crypto presales since late 2024, raising millions for projects like Flockerz ($FLOCK), which surpassed the $13M milestone the day before its presale ended.

These upcoming token launches will further boost the meme coin market’s liquidity and trading activity in the upcoming months, with meme coins like $FLOCK expected to deliver 10x returns to early investors.

Bitwise’s Dogecoin ETF and the Altcoin Market

Crypto index fund and ETF provider Bitwise continues its efforts to bridge the gap between cryptocurrency and traditional finance.

Bitwise had already registered a spot Bitcoin ETF with the SEC in early 2024, being among the growing number of crypto ETF providers to cover Bitcoin and top altcoins like Ethereum and Solana. Now, the index fund plans to issue a potential Dogecoin ETF in Delaware.

Bitwise’s Dogecoin ETF entity in Delaware
Source: Bitget

This decision comes amidst news of Trump’s pro-crypto SEC regulations and after other ETF providers like CoinShares and REX Shares had already filed for $DOGE ETFs with the SEC.

As the largest crypto index fund manager, Bitwise’s decision to extend its attention to a top-performing meme coin could fuel a new bullish movement in the meme and altcoin sector, potentially moving the crypto industry forward once the ETF gains approval.

So far, the news hasn’t impacted $DOGE, as the token is still seeing a dip in trading volume.

However, other cheaper and upcoming Ethereum-based meme coins are undoubtedly leveraging the momentum of the recent pro-crypto coverage in the news, as seen from Flockerz’s recent presale record of $1.4M raised in under a week.

Flockerz ($FLOCK) Presale Success — $13M Raised and Ready to List

Throughout 2024, meme coins have consistently outperformed every other crypto category, and presales have been no exception. In a downturn crypto market, investors have been shifting towards newer tokens with higher potential gains.

In this context, Flockerz ($FLOCK) has been one of the best presales to ride the meme coin hype wave over the past few months, raising over $13M in under half a year.

Over the past week, before the token presale ended, the project saw an influx of $1.4M. This suggests interest in the project has only peaked before the upcoming token listing.

Flockerz presale end announcement

Although the presale is already over, early birds can still buy $FLOCK at its current list price of $0.0066883 for four more days.

After that, the token will be listed on several centralized and decentralized exchanges, which some traders speculate could catapult $FLOCK 10x or higher over the upcoming weeks.

To buy the token before listing, go to the official Flockerz website or use the Best Wallet app.

Everything You Need to Know about Flockerz

Late 2024 has seen an avalanche of new meme coin projects, which fueled a surge in the meme coin market cap. Yet Flockerz managed to stand out from the competition for a few reasons. Most importantly, Flockerz is not just a meme coin but a governance token.

$FLOCK will support its own decentralized platform, Flocktopia, where token holders can vote on key project developments, token burns, budget allocations, and the project’s marketing strategy, as outlined in the whitepaper.

Flockerz’s Vote to Earn platform soon to go live after token listing

The Flockerz DAO will also include a Vote-to-Earn (V2E) system, where users get rewarded with more $FLOCK tokens for participating in decision-making — a first for meme coins.

Holders can also enjoy staking rewards of up to 244%, which not only incentivizes adoption but could help prevent mass sell-offs post-listing.

In a fully unregulated meme coin market rife with alleged scams and rug pulls (like the recent HAWK controversy), this focus on decentralization and community empowerment helped $FLOCK secure trust and attract the support of not only crypto whales but also smaller investors.

The project also secured Coinsult and SolidProof audits early on, establishing itself as a secure and transparent meme coin.

For more news about Flockerz’s project developments, check out their official X and Telegram pages.

Are Meme Coins Like Flockerz Worth It in 2025?

Meme coins continue to outpace traditional altcoins, and the SEC potentially granting Dogecoin ETF approvals could further fuel this bullish market sentiment. This makes meme coins an attractive option for crypto users looking to diversify.

The trend has been most noticeable among new and upcoming meme coins, which often have the potential for higher short-term gains compared to established tokens. Flockerz, for example, raised millions in presale and could spike 10x or higher post-listing, according to some analysts.

However, meme coins remain highly volatile, so it’s important to DYOR and understand the risks before investing. Remember, this information isn’t financial advice, and the performance of meme coins largely depends on market sentiment.



Source link

Continue Reading
Click to comment

Leave a Reply

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

Altcoin

Expert Says Solana Price To $2,000 Is Within Reach, Here’s How

Published

on


While investors are scanning the horizon for a short-term Solana (SOL) rally, cryptocurrency expert CryptoCurb is predicting an ultra-bullish price movement. CryptoCurb argues that a Solana price of $2,000 is “absolutely realistic” given the current fundamentals and on-chain indicators.

Solana Price To $2,000 Is A Realistic Projection

Pseudonymous cryptocurrency analyst CryptoCurb is predicting a massive growth spurt for Solana in the near future. In an X post, the expert says the Solana price can achieve a valuation of $2,000 given its impressive network metrics.

He hinges his projection on several factors, including Ethereum’s previous price performance. Ethereum price spiked to a $600 billion market capitalization during the last cycle with its steep fees and scalability issues.

A $2K SOL price will translate to a $1 trillion market capitalization that will see it flip Ethereum as the largest altcoin. CryptoCurb notes that if Ethereum can post impressive figures during the last cycle, Solana has the capabilities to be valued at $2,000.

“2K is absolutely realistic if Solana keeps its global adoption pace with minimal disruptions and continues to scale,” said CryptoCurb.

Rising network inflows are expected to send the Solana price on a short-term rally to $150 before a big push to $2K. Currently, the Solana price is pegged at $140 with a market capitalization of $72.6 billion, making CryptoCurb’s prediction an uphill climb.

A Wave Of Impressive Metrics Around SOL

While CryptoCurb did not disclose an exact timeline for his $2,000 prediction, he points to a short-term seismic price increase. The expert his backing his predictions with a swathe of network metrics pointing to fresh bullishness.

Solana has the highest number of active addresses over the last seven days at 28.4 million. The network led the pack for transactions at 369 million, trouncing Tron, BNB Chain, Base, and Bitcoin.

Solana is finding application in several Web 3 verticals given its speed, low cost, and scalability. In the last week, the Solana price has risen by nearly 7% while 24-hour trade volume has risen by 36%.

Last week, Canada launched the first SOL ETF with prices projected to surpass $250, reversing a forming death cross. Solana open interest crossed 5.5 billion, climbing by 10% amid rising whale activity in the ecosystem.

Rising bullish metrics for the network suggest that SOL will reach $200 before ETH reclaims $3,000.

 

 

✓ Share:

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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.





Source link

Continue Reading

Altcoin

Expert Predicts Pi Network To Reach $5 As Whales Move 41M Pi Coins Off Exchanges

Published

on


Crypto expert PiMigrate recently predicted that the Pi Network price could reach a new all-time high (ATH) of $5. This comes amid recent whale movements, with these investors moving 41 million Pi Coins off exchanges.

Expert Predicts Pi Network To Reach $5

In an X post, PiMigrate stated that Pi Network’s journey to $5 has just begun. He remarked that the altcoin has very strong support at $0.6. As such, the expert believes that this $5 price target is a “very possible valuation.” PiMigrate added that good utilities will push the altcoin to this target.

Another expert, Moon Jeff, also predicted that the Pi Coin price can reach this $5 target. In an X post, the expert concluded that the altcoin can reach this price target following his analysis.

Pi NetworkPi Network

He alluded to his accompanying chart, which he described as being bullish, indicating that the Pi Network price can indeed reach this $5 target. The chart also showed that the altcoin has formed a strong support level at its current price.

Crypto analyst Xia also recently claimed that the Pi Coin’s momentum is building fast after it surged past the $0.63 mark with strong volume. She also noted that the RSI and MACD are turning bullish for the altcoin.

This bullish outlook for the Pi Coin comes amid recent huge whale accumulation. A Pi community page revealed that these investors moved a whopping 41 million coins (around $27 million) off exchanges in 48 hours. Specifically, these whales moved over 13 million Pi Coins from OKX to several wallets. This presents a bullish outlook for the coin since exchange supply is declining.

Pi Needs To Reclaim This Symmetrical Triangle

While analyzing the Pi Network’s price on the higher timeframe, analyst Alpha Crypto stated that the altcoin needs to reclaim its symmetrical triangle to resume its upward move.

Pi CoinPi Coin

The analyst remarked that once Pi reclaims this structure, market participants can look for a potential long setup. He added that on the flipside, if the price falls outside the triangle, it could open up a short opportunity. Alpha Crypto urged traders to wait for confirmation rather than rushing.

From a fundamentals perspective, top exchange listings could send the Pi Coin price higher. CoinGape recently reported that top exchange HTX had fueled listing speculations with a cryptic post on its X platform. Meanwhile, Pi community members remain hopeful that Binance will soon list the altcoin.

These community members will have their eyes on the Consensus 2025 conference, where Pi Network founder Nicolas Kokkalis will allegedly join an exclusive list of industry players to speak at the event.

Expert Dr. Altcoin described the event as a pivotal moment for Pi Network, as it will provide an opportunity for the Pi team to promote the network’s ecosystem.

At the time of writing, the Pi Coin price is trading at around $0.63, down almost 3% in the last 24 hours. Trading volume is also down over 36%, with $96.34 million traded during this period.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

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.





Source link

Continue Reading

Altcoin

Binance Traders Go Big On Dogecoin—Majority Holding Long Positions

Published

on


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin investors have high faith in the future of the meme currency despite its recent price fall, market data showed, Tuesday.

Dogecoin fell to $0.153 as of April 16 after its price reached a high of $0.168 on April 13, down by 3% in the last 24 hours. This is after the recent price hike following US President Trump’s tariff halt declaration on certain countries on April 10.

Long Positions Dominate Market Activity

The mood among traders on Binance is firmly bullish for the future prospects of Dogecoin. Data from Coinglass show that over 74% of trading accounts have long positions in the cryptocurrency, while only 25% going short. This places the long-to-short account ratio at 2.90, proving widespread optimism among traders.

Long positions increased quickly on April 12, which shows that investors expect Dogecoin to bounce back from its present correction period. They are willing to pay premiums to maintain their positions, as evidenced by positive OI-weighted funding rate signals that have remained above zero since April 7.

Long|Short DOGE by accounts. Source: Coinglass

Holder Patterns Indicate Diversified Strategies

IntoTheBlock statistics reveal substantial shifts in the manner by which people are holding Dogecoin. Investors holding DOGE for over a year increased by marginally 0.13%. These types of “hodlers” as they are called within cryptocurrency forums constitute a solid support base for the currency.

Source: IntoTheBlock

In the meantime, mid-term holders (holders of DOGE for one to 12 months) decreased by 2.50%. Short-term traders experienced the largest increase, with addresses holding for less than 30 days rising by 109%. This new trader surge reflects increasing demand for quick profit from Dogecoin price action.

Technical Analysis Points To Future Price Directions

One TradingView account, FuaCompany, has plotted Dogecoin’s movement in what analysts call a rising channel. On the basis of this trend, two general scenarios for Dogecoin’s future price are on offer.

DOGE is currently trading at $0.15. Chart: TradingView

The first scenario shows Dogecoin rebounding from the lower edge of this channel and continuing to trend upwards. This would comply with what occurred before when the price rebounded back from $0.05 to higher levels.

The second scenario entails a temporary drop below the bottom line of the channel, plunging to around $0.08 before surging higher, both scenarios ultimately carrying long term bullish signals, with some projections estimating Dogecoin to even reach $0.70.

Weekly Performance Still Positive Despite Slump

Despite the recent slump, Dogecoin is still positive overall on the week. In fact, the cryptocurrency has shown quite a hefty rise-on-week for about 7.40% during the past week in spite of that dip.

DOGE price up in the last week. Source: CoinMarketCap

The price started off in early April with an initial volatility before strengthening with the Presidential Tariff declaration by Trump. Following the monthly peak on April 13, reaching 0.168, Dogecoin encountered what traders know to be a consolidation phase, where prices continue to trend sideways while forming in preparation for another move.

According to market observers, this pattern of gains and then consolidation is typical in cryptocurrency markets. The strong level of long positions shows most traders view the current price drop as just a temporary hiccup and not the start of a larger bearish trend.

Featured image from CoinFlip, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io