[PRESS RELEASE – Calgary, Canada, January 13th, 2025]

Fire Token has announced the launch of its presale for a tokenized Bitcoin mining operation, designed to leverage Canada’s low energy costs to optimize operational efficiency. With electricity rates as low as $0.065 per kilowatt-hour (KW/H), the project aims to create the most cost-effective Bitcoin mining operation yet.

Tokenized Access to Bitcoin Mining Rewards

Fire Token introduces a model allowing participants to access Bitcoin mining rewards without requiring personal mining equipment or technical expertise. Contributors to the presale receive Fire Tokens, representing a share in the mining operation’s output. Key features include:

• Energy Efficiency:The project uses Canada’s renewable energy resources, aiming to reduce both costs and environmental impact.
• Mining-Linked Tokenization: Fire Tokens directly reflect a portion of the Bitcoin mined, linking token holders to the mining rewards.
• Projected APY Range: The project estimates an annual percentage yield (APY) between 15% and 25%, dependent on contribution size and mining performance.

Mining Infrastructure and Operational Benefits

Fire Token’s mining operations are based in Canada, chosen for its stable energy supply, cost efficiency, and regulatory clarity regarding cryptocurrency operations. The initiative emphasizes:

• Cost Management: Utilizing one of the lowest global electricity rates to minimize operational expenses.
• Scalability and Security: The project uses robust infrastructure in Canada, known for its stable energy supply and favorable regulatory environment for crypto operations.
• Community and Transparency: Fire Token is committed to transparency with regular updates, detailed roadmap announcements, and clear reporting. Join a community focused on mutual growth and sustainable investment in the crypto ecosystem.

How to Participate:

Interested investors can join the presale by visiting presale.fire-token.ca. The presale phase is designed to be accessible, allowing contributions in BNB a popular cryptocurrency.

About Fire Token

Fire Token focuses on enhancing accessibility to Bitcoin mining rewards through tokenization, leveraging Canada’s low energy costs for sustainable and efficient mining operations. The project aims to provide a cost-effective approach to Bitcoin mining while promoting sustainability in the crypto ecosystem.

For more information, investment inquiries, or to join the community please check the links below:

Telegram: https://t.me/Firetokenecosystem

X: https://x.com/Fire_Token_Army

Website: fire-token.ca

Digital asset investment products saw modest inflows of $48 million last week. While nearly $1 billion flowed in during the early part of the week, outflows of $940 million in the latter half reversed much of the gains. This shift followed the release of new macroeconomic data and the Federal Reserve’s minutes, which signaled a stronger US economy and a more hawkish stance.

According to CoinShares, this could indicate that the post-US election honeymoon has ended, with macroeconomic indicators regaining their influence on asset prices.

Modest Inflows Amid Renewed Macroeconomic Concerns

The latest edition of ‘Digital Asset Fund Flows Weekly Report’ revealed that Bitcoin attracted $214 million in inflows last week, maintaining its lead as the best-performing digital asset with $799 million in inflows year-to-date, despite also seeing the largest outflows later in the week. Inflows to short Bitcoin products stood at $1.8 million.

Ethereum, on the other hand, struggled the most, with $256 million flowing out, which CoinShares attributes to a general tech sector downturn rather than asset-specific concerns. Solana, by contrast, remained strong, pulling in $15 million in new investments.

XRP amassed significant inflows of $41 million last week, driven largely by political and legal developments. The inflows reflect growing optimism as the January 15th SEC appeal deadline approaches.

Multi-asset products followed suit with $21.1 million in inflows. Interestingly, altcoins attracted investments despite lackluster price performance. Leading the way were Aave, Stellar, and Polkadot, which recorded inflows of $2.9 million, $2.7 million, and $1.6 million, respectively. Additionally, Cardano, Litecoin, and Chainlink also saw inflows of $1.2 million, $0.7 million, and $0.4 million, respectively, during the same period.

Switzerland Tops Outflows

In terms of geography, the US stood out with $79 million in inflows, followed by Germany with $52.4 million over the past week. Canada, Brazil, and Australia also observed inflows of $37.1 million, $21.9 million, and $10.3 million, respectively.

Switzerland saw the highest outflow for the week, recording $85.3 million. A similar sentiment was seen across Hong Kong and Sweden as the two countries witnessed outflows of $36.6 million and $33.2 million, respectively.

TL;DR

• Despite recent market declines, SHIB’s RSI indicates an oversold condition, presenting a potential buying opportunity.
• The upcoming launch of TREAT and the negative exchange netflow also suggest potential price pump for the second-largest meme coin.

Is It Time for the Bears to Step Down?

The last 24 hours have been quite painful for the cryptocurrency market. The entire capitalization of the sector has plummeted by 5.5% and currently stands below $3.3 trillion. For their part, leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA), are well in the red on a daily scale. 

The popular meme coin Shiba Inu (SHIB) is also among the losers. Its price has fallen by 7% in the past 24 hours and, as of this writing, is worth around $0.00002023 (per CoinGecko’s data).

Contrary to the bearish landscape, one important metric suggests good days ahead for the bulls. This is Shiba Inu’s Relative Strength Index (RSI), which measures the change and speed of price movements.

The technical analysis tool varies from 0 to 100, and any ratio below 30 indicates that the asset might be oversold and undervalued. For its part, this signals a potential buying opportunity. The RSI has been hovering between 30 and 55 for the past five days, most recently dropping to as low as 29.

Additional Factors

Another element suggesting that the price of the self-proclaimed Dogecoin killer might rally in the short term is the asset’s exchange netflow. According to CryptoQuant’s data, SHIB outflows have significantly surpassed inflows in the past week. 

This signals a shift from centralized platforms toward self-custody methods and could be viewed as bullish since it reduces the immediate selling pressure.

Last but not least, we will touch upon the upcoming launch of TREAT. The reward token part of Shiba Inu’s ecosystem is scheduled to go live later this week. The development could spur enthusiasm across the community, potentially leading to more people jumping on the bandwagon and a subsequent price rally for SHIB.

It is worth mentioning that TREAT’s launch has already caught the attention of some leading crypto exchanges that have announced they will allow trading services with the meme coin. Examples are KuCoin and MEXC Exchange.