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Weekly journey into the crypto space

Tanja Nechet

News editor

Feb 28, 2024 at 08:30

Ahoy, crypto voyagers!  Here’s what’s on the agenda for this travel 👇

🆙 Bitcoin is already at $63k

Bitcoin has reached a price of $63K. Are the predictions that in 2024 BTC will be able to break through the $100K mark true?

Recall that since it appeared in 2009, the first cryptocurrency cost the most in November 2021 – $69K.

Now here’s where the price will aim higher and higher if the bulls’ forecasts are to be believed. And maybe $100K is not the limit.

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At the same time, bears expect a repeat of the scenario of early 2022, when after the ATH Bitcoin collapsed by 50%, and then continued to fall and fell to $16K.

P.S. MicroStrategy’s Bitcoin holdings have unrealized gains exceeding $5.2B.

🔗 Follow them on X (if you’re not yet)

  1. PeckShield Inc. A company that focuses on security in cryptocurrencies. Often gives useful tips on how to keep funds safe.
  2. Erik Voorhees. Founder of the progressive ShapeShift service. A shark in the field of crypto, who shares his own opinion.
  3. Watcher Guru. An account with the fastest speed of publishing crypto news.
  4. Whale Alert. Whale movements alerts.
  5. Degen News. Unique ToV, quality memes, and useful insights from the NFT field.

😲 Stablecoins market cap exceeded $140B

According to DeFiLlama, the total market value of stablecoins exceeded $140B, with USDT accounting for 70.09%.

🗣 Sam Bankman-Fried campaigning for Solana

According to The New York Times, the Sam Bankman-Fried (SBF) recommended that prison guards to purchase Solana (SOL). 

He was convicted of fraud last year. SBF then hired a new lawyer known for his courtroom demonstrations. The defense recommended that he serve no more than 6.5 years in prison.

🚀 TON’s wild takeoff

TON soared nearly 40% after Telegram founder Pavel Durov announced on his official channel that the messenger will share advertising revenue via the Ton blockchain with users from March.

Channel owners will receive 50% of the advertising revenue and payments will be made on the TON blockchain.

The network’s native token Toncoin (TON) soared nearly 40% to more than $2.92 after the announcement appeared. 

🔑 Key crypto market highlights (February 28-March 6)

💲 Ideas

[1] 🔔 Participating in StarryNift’s raffle

StarryNift is a gaming platform for collaborative communication and creativity. 

The project has raised $10M from Binance Labs, GBV Capital, OKX Ventures and other funds. Yesterday, the team added Raffle Pool to the platform on the opBNB network. 

The project’s tokenomics allocated 10% of the total supply to drop for NFT holders and active users.

 What to do?

  • Connect the wallet on the site ();
  • Mint Citizenship Pass ID;
  • Fill out a profile and create your space;
  • Then in the Task & Reward section start performing tasks.

[2] 🔔 UnPEPEble

The PEPE memecoin was traded for $0.0000024 (as of February 27)  against USDT, which is lower than what it should be according to recent trends. The MarsSignals analyst suggests a downward trend in its value. Some indicators, like the Relative Strength Index (RSI), suggest that PEPE is being bought too much and might need to correct its price soon. Other indicators, like the Moving Average Convergence Divergence (MACD), show that PEPE’s value is on the rise. The Bollinger Bands, which help assess if something is over or undervalued, indicate that PEPE might be priced lower than it should be. Support levels, which are points where the price tends to stop falling, are higher than the current price of PEPE. This means it’s in a bad spot right now. In short, PEPE’s value seems to be decreasing, but some signs hint that it might go up again soon.

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔 Linea Park 1st week manual

A new campaign from Linea has been launched. Linea is an Ethereum virtual machine (zkEVM).

Deadline – April 6 on Layer3, where new stages will be unveiled periodically. Welcome-zone details. And in the VIP zone, users can get bonus tickets to double their Linea Voyage rewards.

Main quests

  • Quest 1. Costs ~$2.5: Register on the site, then mint NFT, add it to inventory via the Add NFT button, and if you want to complete an additional quest for 20 points.
  • Quest 2. Cost ~$1: register on the site, mint OAT, and you can also mint NFT ($23).
  • Quest 3. Cost ~$1.5: claim the NFT, take the mystery box and open it, then complete the optional quest.
  • Quest 4. () Cost ~$4: create an account, register a character, and get the NFT.
  • Quest 5. Download the MetaApes game on phone and get to level 5, then take the NFT.
  • Quest 6. Download the game for Windows

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