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Flipster Launches New Earn Pool Feature Allowing Users to Earn Up To 10K USDT Daily on Their Crypto

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[PRESS RELEASE – Warsaw, Poland, January 30th, 2024]

Flipster, the number one trading platform for altcoin liquidity and the fastest-growing crypto derivatives platform, has finally announced its Flipster Earn Pool campaign. First teased in December last year, the trading platform had been slow with news on this highly anticipated addition. The launch was worth the wait, as the platform is promising users the chance to earn up to 10K USDT a day* (at launch on 1st of February) on USDT held in their Flipster accounts.

As a derivatives-first platform, a fair criticism of Flipster has been the lack of options to do with funds between significant events.

Flipster’s CEO Yongjin Kim says, “With Flipster Earn Pool users can know their funds are safe and working for them on our platform while they wait for their next investment move. As a trader, I understand you can’t always feel confident leaving money in positions. Flipster Earn Pool lets you potentially make income on Flipster even when you’re not actively trading.”

Traders choose to have a Flipster account for big opportunities on altcoin derivatives and trading competitions. The brand has built a reputation for thick liquidity on altcoins that is unmatched by any competitor. While the platform is considerably new, this USP is directly associated with successfully drawing top derivative traders to its app. Flipster Earn Pool aims to appeal to users interested in the opportunity to potentially earn passive income while they wait for their next big trade, potentially contributing to an increased user base over time.

The platform is committed to regularly offering the world’s first perpetual futures listings on tokens that have just dropped spot listings on major exchanges. Recent examples include ACE, MANTA, ALT and DMAIL, which all had a perpetual futures listing on Flipster within four hours of a spot listing on a top crypto exchange.

According to Ben Rogers, Head of Marketing: “When MANTA was launched, some users quickly turned the excitement into significant profits, with one user gaining $7,675 USDT from a single trade. ALT saw similar success, with a user seeing a trade return profit of $5,789 USDT. When publishing, the greatest return on an altcoin trade on Flipster is reported at $52,310 USDT on ACE, which also had the world’s first PERP on the platform. DMAIL will have its PERP world premiere this week, and the business is confident that some users may see similar results as they turn news into leveraged trades on Flipster”.

The difference now is that users can potentially earn up to 10K daily on the funds in their Flipster wallets and profit from trades.

Flipster Earn Pool will calculate interest daily from a total shared prize pool of 10K USDT, and users can check what they have earned in their funds on Flipster’s website. To be eligible for returns from day one, users should ensure they have USDT in their Flipster account by UTC 00:01 on February 1st and meet the daily trading requirement. As it will take time for word to spread about the new offer, early participants can potentially earn returns on their idle funds.

About Flipster

Flipster is the fastest-growing crypto derivatives platform in the world. The easy-to-use app gives users an all-in-one experience with leverage of up to 100x on a wide selection of over 200 tokens. Considered best in class for altcoin liquidity, top tokens like BTC and ETH are also available. Users can make instant flips, monitor their portfolios, and capitalize on market movements—anytime, anywhere. Users can get started at flipster.xyz. For media enquiries or interview requests with the team, don’t hesitate to get in touch with pr@flipster.xyz or keep updated with Flipster’s blog. *Subject to terms and conditions which can be found on: https://flipsterxyz.zendesk.com/hc/en-us/articles/8902043575695-Flipster-Earn-Campaign-240201

Flipster is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Head of Marketing
Ben Rogers
Flipster
pr@flipster.xyz

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Cryptocurrency

Bitcoin Price Recovery Begins With Jump to $106K as Monero Marks 5% Increase (Market Watch)

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Following a dull weekend marked by a notable price dip to $103,000, bitcoin’s price has recovered some ground and reached $106,000 earlier today.

Most altcoins are with minor gains today, including HYPE, which has posted a 3% increase. XMR leads the larger-cap alts with a 6% surge.

BTC Aims at $106K

The all-time high registered on May 22 was followed by a violent correction on the following day when US President Trump warned that the EU might face another set of tariffs. Although the two parties reached some sort of an agreement and the tariffs were delayed for over a month, BTC failed to recapture its momentum and was stopped at $110,000 on a couple of occasions during the previous business week.

It continued to trade sideways until Friday evening, when Trump blamed China for violating their trade agreement. Beijing responded almost immediately, and bitcoin slumped by several grand. The culmination transpired on Saturday when BTC slipped to $103,100, which became a 12-day low.

However, it maintained that level on Sunday and even recovered some ground to around $104,000. During the Monday morning Asian trading session, BTC added a few more grand and tapped $106,000, where it faced some rejection and now sits about $500 lower.

Its market cap has risen to $2.1 trillion on CG, while its dominance over the altcoins is up to 61.5%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

XMR Pumps

Most altcoins have marked insignificant gains over the past 24 hours, such as XRP, BNB, SOL, DOGE, TRX, ADA, and SUI. HYPE stands out as the top performer from the largest 20 alts, while ETH has slipped inches below $2,500.

Monero’s native token has gained the most from the top 60 alts, as a 5.4% increase has pushed it to over $345. Other impressive performers include FLR, SPX, and FARTCOIN.

The total crypto market cap has increased by around $30 billion since yesterday and is up to $3.41 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC

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The world’s largest corporate holder of bitcoin continues with its BTC accumulation strategy, this time with a relatively modest purchase.

Announced just minutes ago, Michael Saylor’s brainchild has spent $75.1 million to acquire 705 BTC at an average price of $106,495 per bitcoin.

This week’s announcement is a lot smaller than almost all made since the US elections at the end of last year. Since then, the company has made countless purchases, many of which were in the billions of dollars.

Nevertheless, Strategy’s stash continues to increase and is now at 580,955 BTC, bought for $40.68 billion or an average price of just over $70,000 per BTC. This means that the current value of the holdings is well above $60 billion, given today’s bitcoin prices (or a paper gain of around $40 billion).

Earlier today, another big BTC accumulator, Metaplanet, announced its latest acquisition, which was even bigger than that of Strategy.

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Cryptocurrency

Hope for Altcoins? Analysts Predict Epic Finale to This Bull Cycle

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A lot of market dynamics witnessed in past bull cycles have played out differently in this one. One of them is the on-chain patterns and trends that precede altcoin seasons, which refer to periods when alternative cryptocurrencies outperform bitcoin (BTC).

While traders are skeptical that the market will witness an altseason before this cycle is over, analysts at the on-chain data intelligence platform CryptoQuant believe that all hope is not yet lost. Investors still stand a chance to make profits with altcoins in this cycle.

Not Time to Lose Hope

In previous cycles, BTC rallies were preceded by a steady decrease in the proportion of mid-to-long-term holding volumes. With new capital flowing into the market at the time, altcoins eventually surged towards the end of those cycles. However, the opposite has been the case this time; mid-to-long-term holding volumes have surged each time BTC rallies to new highs.

According to pseudonymous analyst Crypto Dan, the price movement of altcoins in this cycle has tallied with that of BTC. Bitcoin has constantly faced corrections after small gains in this cycle, and during those dips, altcoins have also suffered significant declines, indicating overall weakness.

The current bull cycle is nearing its final stages, and at this phase, it is almost impossible for investors to make profits with altcoins. However, since altcoin rallies have corresponded with BTC surges, Dan insists there is still hope.

When Altseason?

Bitcoin is yet to experience its final leg for this cycle, which means the asset’s dominance is likely to decrease. If the market plays out as Dan predicts, then altcoins may experience higher rallies than seen in previous patterns when bitcoin’s dominance plummets, marking the end of the cycle. Hence, all indicators point to bitcoin’s next upward move, which could occur at any moment from now.

“It’s not time to abandon hope just yet. Since we’re already in the latter half of the cycle, it’s worth waiting for Bitcoin’s next upward move,” Dan stated.

It is worth mentioning that Dan is not the only analyst who believes altcoins still stand a chance. CryptoPotato reported that many other traders and analysts believe this altseason will be epic, making the rally seen in 2021 seem tiny.

However, some have warned that not all tokens will go up during the altcoin season. Only a few chosen assets will record significant gains as they attract new liquidity.

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