The market dynamics for Bitcoin’s post-4th-halving era are currently positive, suggesting that investors anticipate higher prices and miners are adjusting their strategies well.

According to the new Bitfinex Alpha report, bitcoin (BTC) selling by long-term holders has not yet led to the typical pre-halving drop, suggesting that new market entrants are absorbing the selling pressure efficiently.

Miners Adjust Strategies

The halving, which has enhanced bitcoin’s scarcity over time, has reduced its daily supply to $40-$50 million. Analysts expect these numbers to drop further to $30 million per day, including active and dormant supply and miner selling, especially as smaller miner operations are forced to shut down amid the struggle for profitability.

Bitcoin miners are currently adjusting their operational strategies to accommodate the reduction in block rewards and support their businesses against the decrease in revenues following halvings.

“Historically, during Bitcoin halvings, a common pattern emerges where miners exert significant selling pressure in an effort to maximize profits before an anticipated decrease in earnings. This strategy, while aimed at optimizing returns in the face of reduced block rewards, can have a short-term negative impact on the market, potentially leading to increased volatility and price declines,” analysts said.

However, miners appear to have executed their selling earlier by offloading their Bitcoin reserves ahead of the halving. As a result, there has been a significant plunge in the amount of bitcoins sent to exchanges. This suggests that miners are engaging in pre-emptive selling or the collateralization of their holdings to upgrade their infrastructure.

Bitfinex said this move from miners was advantageous in the short term, preventing a market shock at halving and spreading potential selling pressure from such entities over a more extended period.

BTC to Surge on ETF Demand

Bitfinex analysts also found that the market dynamics for all crypto assets have evolved since previous halvings, potentially reducing the effect of new BTC issuance in market prices. The crypto exchange attributed the shift to rising demand and broad acceptance of Bitcoin exchange-traded funds (ETFs).

Spot Bitcoin ETFs are expected to play a vital role in shaping market volatility due to their ability to attract large inflows and trigger outflows. A combination of constrained supply from the halving and high ETF demand could propel the price of BTC higher.

Meme coin mania is taking over the crypto world once again.

And at the center of the latest speculative frenzy is Slothana (SLOTH), which is gearing up for an eagerly awaited token launch after its presale raised over $10 million from investors.

New Slothana Meme Coin Causes a Frenzy on Solana

For those who haven’t heard of Slothana yet, get ready – this new Solana meme coin is about to be everywhere.

Inspired by the iconic internet meme of the office worker sloth, Slothana has been taking crypto social media by storm.

The project has already racked up over 23,000 Twitter followers in under a month as speculation around Slothana reaches fever pitch.

This hype has only intensified during Slothana’s presale round.

Instead of the typical purchase process, investors could send SOL to a designated wallet address to purchase their SLOTH tokens.

The seamless, meme-worthy method clearly resonated – since over $10 million worth of SOL has flooded in from buyers looking to get in on the ground floor.

With that massive war chest behind it, Slothana’s team is putting the finishing touches on the token ahead of its DEX listing for next week.

While the specific DEX is still being kept under wraps, meme coin investors will likely be watching the unveiling closely.

Interestingly, with Slothana’s team offering a “last chance” to buy before the listing, investors are piling in while they can, hoping the token’s price explodes once it hits the open market.

SLOTH Receives Influencer Backing Ahead of DEX Listing

With Solana’s buzz reaching unprecedented heights, it’s no wonder the project is receiving recognition from some of crypto’s biggest names and platforms.

The top rating site ICOBench currently has Slothana slotted in at #2, outranking hundreds of upcoming token launches and sales.

Influential YouTubers like ClayBro and Austin Hilton have also praised the project on their channels.

But perhaps most notably, Slothana has earned a spot on the “5 Best Meme Coins to Buy Now” list curated by the team at 99Bitcoins.

99Bitcoins is one of the crypto scene’s most respected educational hubs, so the fact that Slothana has caught their attention speaks volumes about the potential they see in the coin.

Such widespread endorsement from trusted industry leaders is a clear sign that this playful, sloth-inspired meme token has genuinely captured the attention of the “degen” trading crowd.

Could Slothana Snag a Binance Listing Next?

With all the hype surrounding Slothana’s imminent DEX listing, some investors are wondering if the token could eventually reach an even bigger stage – like Binance.

While such speculation may sound outlandish for a project that’s essentially a tongue-in-cheek joke, recent history has shown that meme coins can indeed earn listings on major CEXs.

Just look at Book of Meme (BOME), another Solana-based meme token that provides no utility beyond its frog-inspired branding.

Yet BOME still managed to get listed on Binance in mid-March after its price went parabolic, with the exchange looking to capitalize on the mania surrounding the token.

So, while Slothana has started as a literal joke making fun of the 9-5 grind, if its initial DEX debut next week kickstarts a bull run, it’s not crazy to think that Binance (or other top exchanges) could look to list the asset.

Visit Slothana Presale

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TL;DR

• PEPE has outperformed other meme coins with a 6% daily and 40% weekly price increase, boosted by its addition to Coinbase’s trading program.
• Over the past year, its value has surged by approximately 1,800%, with its market capitalization currently equaling almost $3 billion.

PEPE Defies the Current Market Trend

The popular frog-themed meme coin – Pepe (PEPE) – is among the best performers in the cryptocurrency market, with its price rising by 6% on a daily scale. Moreover, its valuation is up nearly 40% over a week.

In comparison, other meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and dogwifhat (WIF) have recorded some losses in the past 24 hours.

PEPE’s latest green wave came shortly after the leading crypto exchange Coinbase expanded support to the token. Specifically, it introduced Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced.

“The opening of our 1000PEPE-PERP market will begin on or after 9:30am UTC on 23 APR 2024,” the announcement reads. 

Earlier this month, the meme coin dogwifhat (WIF) also witnessed a price resurgence following similar actions from Coinbase. Its value soared by 15% after the company added WIF perpetual contracts.

PEPE’s Impressive Year

The meme coin, currently the third-largest in its realm, was launched last April and quickly became one of the market’s sensations. Its price is up approximately 1,800% yearly, while its market capitalization briefly surpassed $4 billion in March.

PEPE’s impressive performance over the past months could have been fueled by support from other exchanges (besides the aforementioned backing from Coinbase).

As CryptoPotato reported, Binance officially listed the coin in May 2023. It recently expanded trading services with it, adding PEPE among the loanable assets on Binance Loan.