DeFI News by Thebittimes.Com

A crypto strategist known for accurately calling the 2021 digital asset cycle top believes Ethereum (ETH) is on the verge of an explosive move to the upside. The analyst pseudonymously known as Pentoshi tells his 884,200 followers on X that ETH may increase more than 15% its current value in the coming weeks after a period of price consolidation. “ETH maybe a little chopsolidation but then we see it teleport above $5,000 in the next couple weeks in my opinion. A little patience goes a long ways here.” Source: Pentoshi/X ETH is trading for $4,314 at time of writing, down 2.9% in the last 24 hours. Next up, he says that Solana (SOL) may soon print new all-time highs if the ETH rival breaks through resistance in the mid-$200 range. “SOL very similar to ETH in that sense.” Source: Pentoshi/X SOL is trading for $219 at time of writing, down 1% on the day. Looking at Floki (FLOKI), the analyst says the memecoin may be printing a bullish pat...

Crypto All-Stars ($STARS) has now raised $2.1 million in its ICO as meme coins appear to be gearing up for another supercycle. In just two months, Crypto All-Stars’s fundraising efforts managed to pull in an average of over $260,000 each week from investors eager for the launch of the industry’s first unified meme coin staking platform, which will serve as a returns multiplier for tokens in the sector amid another bull run. With meme coins reaching a collective valuation of $50 billion in October and substantial returns from micro-cap meme coins making headlines – surpassing even Bitcoin’s ($BTC) returns – the evidence points to an imminent bullish push. Crypto All-Stars provides not just mere novelty but also a way for the sector to generate gains in both bullish and bearish market conditions.  Investors looking to support the launch of this protocol can currently participate in the presale at $0.0014887 per $STARS toke...

FLOKI New Developments FLOKI made waves in the crypto community with its recent tweet, announcing its intentions to release a crypto education platform. The platform, known as the University Of Floki, aims to cater to the rapidly growing crypto user base projected to reach one billion by 2025. This initiative demonstrates FLOKI ’s commitment to accelerating utility and awareness for its native token, $ FLOKI , and its broader ecosystem advertisement Another factor contributing to FLOKI ’s recent surge is the addition of new trading pairs on the Crypto.com App. This development opens up opportunities for investors to trade FLOKI alongside other popular cryptocurrencies, including RDNT, ACH, DAR, and ZRX. The availability of these trading pairs enhances liquidity and accessibility, potentially attracting more traders and investors to the FLOKI ecosystem. Floki Inu has recently unveiled a strategic partnership with Binance Pay, even Binance.US which ...

The cryptocurrency market is home to a plethora of assets. Meme coins have become an integral part of the industry. Elon Musk in particular seems to be aiding the success of these assets. However, his inclination towards Dogecoin [DOGE] is quite significant. Nevertheless, earlier today, Musk shared a tweet highlighting the new CEO of Twitter. This tweet started an uproar on the social media giant while bringing immense gains to coins like Floki Inu [FLOKI]. In his tweet, Musk shared a picture of his Shiba Inu dog and implied that he was the CEO of Twitter. Post this, meme coins like Dogecoin, Shiba Inu [SHIB], and FLOKI witnessed a prominent rise. Floki Inu was the one that bagged the highest gains. Following a 37.25% daily surge, the asset jumped to a high of $0.00003278. It should be noted that FLOKI was trading for a low of $0.00002167, earlier today. At press time, the meme coin was priced at $0.00003198. This sudden spike in the price of the asset was a to Musk’s latest t...