|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
CZ Released, Floki Price Soars – Is The Bull Market Here?
Sep 28, 2024 at 08:19 pm
Binance co-founder and ex-CEO Changpeng "CZ" Zhou was released from a California correctional facility on Friday.
Binance co-founder Changpeng “CZ” Zhou was released from a California correctional facility on Friday.
His release from prison sparked a surge in BNB and Floki prices, with Floki seeing a 25% gain in the past week.
While CZ is banned from operating Binance, his release has been touted by some as a bullish event for the market.
CZ’s Sentence for Violating Bank Secrecy Act
CZ was sentenced to four months in prison for violating the Bank Secrecy Act and failing to establish an anti-money laundering program, including an adequate KYC, at Binance.
The Binance co-founder spent three months in a low-security prison in California, before being transferred to a halfway house in San Pedro, CA. Additionally, he paid a $50 million personal fine, on top of the $4.3 billion penalty on Binance.
As part of the Department of Justice settlement, CZ is banned from ever managing or operating Binance. However, that has not stopped investors from calling his release a bullish event for the market.
CZ is released from jail today.
We can start pumping now pic.twitter.com/jV6FayaYWQ
CZ’s Release, Booming Crypto Prices Set Stage for Meme Coin Rally
The stage was already set for a major pump in cryptocurrencies, following large rate cuts in the US and China and strong Bitcoin ETF inflows. CZ’s early release has only helped trigger the upside move.
The Bitcoin price hit $66k on Friday, which paved the way for a broad-based meme coin rally. Unsurprisingly, Floki emerged as one of the top-gainers, considering it is being viewed as a beta bet on BNB.
The Floki price saw double digit gains on Friday, reclaiming the $1.6 billion market capitalization. The latest projections from experts have the meme coin seeing a strong bullish continuation in the coming days.
After all, Floki’s price action appears extremely straightforward. Prominent crypto trader Crypto Tony highlights that the meme coin managed to hold above the key support level of 0.00011 and is now poised for a bullish reversal back to its all-time high.
The Floki price will have to flip several key resistances along the way. For instance, it still need to breach the 200-day SMA at $0.000177, the only key moving average it is underperforming in the daily time frame.
The 30-week SMA at $0.000178 is another important resistance. Nevertheless, these levels aren’t expected to be tall tasks for Floki, especially if Bitcoin and BNB maintain their bullish trajectories.
Presale Meme Coin Crypto All-Stars Surges Past $1.7M in Funding
The bull market euphoria typically results in strong demand for low-cap meme coins as investors hunt for 10x to 100x returns.
For instance, a new meme coin – Crypto All-Stars (STARS) – has raised $1.7 million in presale funding in a few short weeks.
STARS’ key selling point is its unified staking program, MemeVault.
https://x.com/all_stars_coin/status/1836595867945701382
MemeVault accepts 11 meme coins – including Floki – and offers attractive staking rewards to the investors. There is also a secondary staking program for presale holders, which is currently offering an APY of 870%.
MemeVault’s significance cannot be overstated. Prominent crypto trader Michael van de Poppe highlights that he turned $40k into $10 million last bull run, with staking being a key part of its strategy.
As investors’ meme coin holdings keep soaring, MemeVault allows them to stake their coins, earn passive income at an attractive rate and potentially even outperforming the market.
Unsurprisingly, the demand for Crypto All-Stars is extremely high, with some investors aiming for 100x returns with it.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Top Meme Coins To Invest In Today
- Sep 29, 2024 at 02:25 am
- Some tokens have cemented their status as one of the top meme coins to invest in today due to their consistent positive performance.
-
- MOODENG: The Latest Animal-Themed Memecoin to Capture Crypto Traders' Attention
- Sep 29, 2024 at 02:25 am
- The token's meteoric rise highlights the ongoing fascination with novelty coins in the crypto market.
-
- Bitcoin (BTC) Correlation with U.S. Stocks Hits Two-Year High
- Sep 29, 2024 at 02:25 am
- Bitcoin [BTC] recently broke through a significant resistance level, continuing its positive uptrend on the charts.
-
- Top 5 Promising ICOs to Watch as Q4 2024 Approaches
- Sep 29, 2024 at 02:25 am
- As Q4 2024 approaches, a new batch of ICOs surfaces, promising substantial returns. With a history of early-stage investments yielding high gains, ventures such as BlockDAG
-
- Dogecoin (DOGE) Price Predictions: How High Can It Go?
- Sep 29, 2024 at 02:20 am
- Dogecoin's (DOGE) recent price trends and strong performance over the past year suggest that it has the potential to achieve significant gains
-
- TapSwap daily codes for September 29, 2024
- Sep 29, 2024 at 02:20 am
- Maximize your earnings on TapSwap with our up-to-date list of TapSwap daily codes! Here are the latest TapSwap daily codes which you can use to earn a total of 1.6 million TapSwap coins:
-
- Bitcoin (BTC) Price Predictions: Will New ATHs Arrive in November?
- Sep 29, 2024 at 02:20 am
- Crypto traders are riding a wave of excitement as Bitcoin surges past $66K, driven by a strong market sentiment.
-
- 6 Cryptocurrencies to Watch in 2024: BlockDAG Stands Out as the Frontrunner
- Sep 29, 2024 at 02:20 am
- The cryptocurrency market recently underwent a significant downturn, with many major coins seeing a drop in value. This shift has prompted a reevaluation of market strategies, with many looking for promising opportunities amid the volatility. Despite these challenges, such conditions often present a prime moment to delve into emerging projects with substantial potential. This article shines a spotlight on six cryptocurrencies that have demonstrated strong engagement and consistent activity, making them notable contenders for 2024.
-
- The 1977-D Roosevelt Dime: A Rare Coin Worth Up to $1,000
- Sep 29, 2024 at 02:20 am
- Most of us overlook the small change lying around our homes, often tossing it into jars or drawers without much thought. But what if that loose change could be worth more than its face value?