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Cryptocurrency

In what case bitcoin will continue to grow

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Experts say what marks the cost of the first cryptocurrency should reach to continue the recovery

Over the weekend, bitcoin prices continued to rise and by Monday morning crossed the $22,300 mark. On July 18, the first cryptocurrency was trading at $22,200. It rose in price by 3% over the past 24 hours and by 8.7% over the week.

The incomplete week from July 11 to July 15 was not easy. In the first half of the week the pair BTC/USDT declined to $18,900. The fall began on July 10 and intensified on Monday amid a sell-off. in U.S. stocks. Investors “went to the cash” before important data on inflation and the beginning of the II quarter reporting season in the United States. Also, risk appetite declined because of an increase in the number of coronavirus cases in China.

On Tuesday, the downtrend intensified as the dollar rallied and the S&P500 and Nasdaq indices fell. The dollar index rose to a multi-year high amid a collapse in the euro. The dollar reached parity with the euro. Sellers sold the single currency because of the energy crisis and problems in the manufacturing industry.

On Wednesday, the situation on the crypto market stabilized after multidirectional fluctuations. The sharp fluctuations were caused by a report on inflation in the U.S. in June. Buyers could defend the $20K level and closed the day at $20,234. The U.S. inflation data fueled fears that the Fed might raise key interest rates by 100 basis points this month.

The S&P500 and Nasdaq indices declined after the statistics were released, but recouped some of the losses. The market did not collapse as two Fed officials indicated they were in favor of a 75 basis point rate hike in July rather than a 100 bps hike. This reduced the likelihood of a more aggressive move on the latest inflation data. The market is ready for a 75bp hike.

On Thursday, buyers took advantage of a correction in the dollar and a weak rise in indices. BTC/USDT rebounded to $20.9K. On Friday, the price rebounded to $21K following the move by the US indices. During the day, the situation has not changed.

The market is controlled by sellers. BTC hashrate fell 27% to 159.41 EH/s due to the shutdown of miners in Texas. For miners and the market, this is a bearish signal. Investors still fear a collapse to the $10-$13k range.

From the point of view of technical analysis, to level out the “bearish” sentiment after the conquest of the $22k mark, buyers need to pass the level of $23.5k. The faster it will be passed, the higher the probability of recovery to $26.5k.

The idea of short positions at $22.5k-$23k worked out. Last week the price continued to move within the limits of the large horizontal channel.

The bulls managed to break through the inclined trendline inside the channel. Next week we will be watching the price’s approach to the upper border of the channel, and we will already try to work for the breakdown. It will be the third touch: the more touches, the higher is the breakdown probability.

Also, the Ethereum chart is also bullish. A very similar channel was formed there and the price is actively testing the upper boundary. We are very close to a breakout. Ethereum should drag the rest of the market with it. 

Cryptocurrency

Zircuit Welcomes Ocelex: The Newest MetaDEX Driving DeFi Growth on Zircuit

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[PRESS RELEASE – Zurich, Switzerland, December 6th, 2024]

Ocelex is positioned to launch as a MetaDEX and liquidity layer on Zircuit, a zkEVM-based Layer 2 ecosystem designed for scalability and security. With its focus on capital-efficient innovation, community-driven participation, and 100% revenue sharing among token holders, Ocelex aims to create a transparent and inclusive DeFi environment.

Zircuit’s infrastructure, which includes AI-driven sequencer security, provides a strong foundation for decentralized applications. Recent developments, such as the token generation event (TGE) of the $ZRC token, have increased attention on the ecosystem. Ocelex’s launch will leverage this momentum to establish itself as Zircuit’s primary decentralized exchange, prioritizing liquidity, accessibility, and growth within the DeFi sector.

Ocelex as the First Lynex Expansion

As the first franchise expansion of Lynex—the leading liquidity protocol on Linea—Ocelex builds on a proven foundation. Lynex has achieved over $3.5 billion in trading volume and distributed $7.5 million in revenue to token holders, positioning it as one of the top-performing ve(3,3) DEXs. Ocelex continues this legacy by introducing Automated Liquidity Management (ALM) aggregation, a feature designed to simplify liquidity management through automated strategies. This approach reduces risks like impermanent loss while ensuring consistent yield for liquidity providers (LPs).

Strategic Partnerships and Pre-Launch Momentum

Even before its official launch, Ocelex has established key partnerships and secured significant Total Value Locked (TVL). These partnerships include:

  • EtherFi, Kelp, and Renzo for LRTs (liquidity restaking tokens).
  • Lido and StakeStone for LSTs (liquid staking tokens).
  • StakeStone and Elara, two leading money market protocols to ensure seamless, integrated liquidity flows for users.

Ocelex’s strong pre-launch performance underscores its potential to play a key role in Zircuit’s ecosystem growth. With a current TVL of $4.6M and total trading volume of $13.3M, Ocelex has already secured a solid foothold in the DEX category.

A Community-First Approach

Ocelex follows Lynex’s community-centric strategy with an airdrop that prioritizes long-term alignment. 45% of Ocelex’s initial supply will be airdropped to Lynex veLYNX holders who have locked tokens for one year or more. This approach rewards loyal participants while fostering ecosystem stability. Locking veLYNX has historically provided some of the most consistent yields among ve(3,3) protocols, a trend Ocelex aims to replicate.

The Upcoming Public Sale

The Ocelex public sale begins on December 9th at 10:00 UTC and will run for 60 hours in a Dutch auction format. The auction ensures fair market pricing, starting at $0.30 and decreasing to $0.06.

Key Sale Details:

  • Tokens for Sale: 2,000,000 $OCX (2% of initial supply).
  • Minimum Price: $0.06 | Starting Price: $0.30.

Following the sale, the Token Generation Event (TGE) will commence, marking the start of liquidity mining and distributing tokens to pre-miners and airdrop recipients.

For a comprehensive overview of the public sale, refer to this article or watch the accompanying short video.

Ocelex Public Sale Projections

Ocelex’s Dutch auction public sale lets the market decide its valuation and launch price, starting at $0.30 and decreasing linearly to $0.06.

Community airdrop recipients, who will receive 50% of the initial supply as governance tokens, also stand to benefit from higher sale prices. With interest in Ocelex as the next big ve(3,3) DEX on Zircuit, the auction is expected to be highly competitive, following in the footsteps of Lynex, Aerodrome, and Thena.

Ocelex’s Growth Potential

Ocelex has the potential to secure substantial TVL on Zircuit, a network with over $2.5B in total value locked (TVL). This potential is modeled on the success of other ve(3,3) protocols:

  • Aerodrome: Secured 41.56% of Base’s $3.85B TVL ($1.6B), with an FDV of $2.5B. Ocelex could achieve $1.039B TVL with a similar share.
  • Lynex: Commands 4.7% of Linea’s $494M TVL ($23.2M) with an FDV of $29M. Ocelex could secure $117.5M TVL with comparable performance.
  • Thena: Captures 1.47% of BNB Chain’s $5.8B TVL ($85M) with an FDV of $565M. Ocelex could achieve $36.75M TVL with this share.

Ocelex Key Metrics:

  • Dominant Case: $1.039B TVL (41.56%).
  • Moderate Case: $117.5M TVL (4.7%).
  • Conservative Case: $36.75M TVL (1.47%).

With an FDV range of $6M to $30M, Ocelex presents an undervalued opportunity for early participants, particularly when compared to Aerodrome’s $2.5B FDV or Thena’s $565M.

The Future of DeFi with Ocelex and Zircuit

Ocelex combines Lynex’s successful model with Zircuit’s technical infrastructure, aiming to serve as a cornerstone for DeFi activity. With strong pre-launch momentum, strategic partnerships, and a focus on community alignment, Ocelex is positioned to deliver value and scalability for users and the broader DeFi ecosystem.

About Ocelex

Ocelex is the first expansion of the Lynex brand, launching as a franchise on Zircuit, an emerging Layer 2. Ocelex democratizes sophisticated liquidity strategies, seamlessly connecting everyday traders with expert-level capabilities. It features a competitive ecosystem of Automated Liquidity Managers (ALMs) and strategists, all striving to optimize returns, minimize risks like impermanent loss, and boost overall efficiency for every user.

Users can learn more about Ocelex through the following links

Website: www.ocelex.fi/

DApp: app.ocelex.fi/

X: x.com/OcelexFi

Discord: discord.com/invite/rTkZNbNggh

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Cryptocurrency

Lingo Secures Strategic Partnership with Stewards Investment Capital for RWA Revolution

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[PRESS RELEASE – Trou Aux Biches, Mauritius, December 5th, 2024]

Lingo, the token revolutionizing RWA with its community-first model, has announced a strategic partnership with Stewards Investment Capital. This collaboration can solidify Lingo’s position as an anticipated RWA token launch in 2024, combining viral product, gamified users experience with 25 years of institutional and investment expertise.

Building a Consumer-First RWA Ecosystem

Lingo is the first RWA token tailored for a mass audience, utilizing real-world assets to fuel its unique rewards ecosystem. By building a diversified RWA portfolio, Lingo delivers tangible, lasting value to its growing community of over 2 million members and 8 million app users.

Institutional backing has been a cornerstone of Lingo’s strategy. Its investor network collectively manages more than $3 billion in assets, and the advisory board includes former executives from BlackRock, Google, and Booking.

Investment Partnership

Stewards Investment Capital, with over 25 years of experience in RWA management, has deployed more than $1 billion across the United States and South Africa. This proven track record across diverse asset classes makes Stewards a partner to propel Lingo’s ecosystem forward.

Together, the two organizations will deploy capital into carefully vetted RWA products, combining Stewards’ institutional expertise with Lingo’s innovative model. The partnership ensures the sustainability of the rewards ecosystem by leveraging Stewards’ institutional-grade expertise.

Lingo’s Unique Approach to Rewards

At the core of Lingo ecosystem is its groundbreaking model: transaction fees are reinvested into real-world assets, potentially generating yields that fuel rewards for the community. This novel approach has positioned Lingo as an upcoming pioneer in consumer-first RWA space.

By combining forces, Lingo and Stewards Investment are set to redefine how communities can benefit from real-world assets in the digital age.

For more information, users can visit: Lingo website – http://mylingo.io

Stewards Investment Website – https://stewardsinvestment.com

About Lingo

Lingo is building the gamified, RWA-powered rewards ecosystem for the next billion in Web3. The main goal is to reward the community with real-world benefits consistently and exponentially, powered by real-world assets that generate true value for the ecosystem.

The premise of Lingo is very simple: To create an ever-growing rewards ecosystem that generates real-world community rewards, regardless of token and market volatility.

Stewards Investment Capital is a boutique investment advisory firm with over 25 years of experience as part of the Stewards Group of Financial Companies. Strategically located in Mauritius, South Africa, and the USA, the firm specializes in crafting niche investment solutions for high-net-worth individuals and institutional investors, driven by a high-alpha approach.

Stewards’ commitment to its investors is rooted in its mission to grow and nurture their wealth, build lasting fortunes, and create enduring legacies to achieve real freedom. Recognized by Global Private Banker, Africa Global Funds, and Global Finance, Stewards continues to foster close relationships with its investors, delivering exceptional service through innovative offerings and positioning itself as a preferred global investment partner.

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Fed Chair Likens Bitcoin to Gold, Says It’s Not a Rival to the Dollar

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Federal Reserve Chairman Jerome Powell has dismissed the idea that Bitcoin could replace the U.S. dollar, likening the cryptocurrency to gold as a speculative asset rather than a store of value.

Powell shared these views during his appearance at The New York Times DealBook Summit in Manhattan.

Powell’s Argument

When asked whether Bitcoin’s popularity reflects a lack of faith in the U.S. dollar or the Federal Reserve, Powell said, “I don’t think that’s how people think about it.” He went on to describe Bitcoin as a highly volatile asset used for speculation rather than as a stable store of value.

“It’s just like gold, only it’s virtual,” Powell said. “It’s very volatile, it’s not a competitor for the dollar, it’s really a competitor for gold.”

These remarks come at a time of heightened speculation about Bitcoin’s role in global finance. It has seen a significant price rise in recent weeks, driving its market capitalization to over $2 trillion.

According to CompaniesMarketCap.com, the cryptocurrency is now the seventh-largest asset globally. Bitcoin ranks behind gold, which has an estimated market value of $18 trillion, and five major American companies, including Nvidia, Alphabet, and Meta.

Powell’s conservative stance on Bitcoin and other cryptocurrencies is consistent with his previous statements. In 2021, he similarly criticized Bitcoin for its volatility, arguing that it failed to serve as a reliable store of value or medium of exchange.

At the time, he referred to all cryptocurrencies as speculative investments that would not replace the dollar but could rival gold as an alternative asset.

Following the 71-year-old’s reappointment as Federal Reserve Chair in 2021, Galaxy Digital CEO Mike Novogratz expressed concerns, stating that his leadership would likely hinder market growth.

“People are getting pretty bearish on crypto,” Novogratz said at the time.

Concerns Under Powell’s Leadership

Under Biden’s administration, the Federal Reserve has been accused of playing a key role in “Operation Chokepoint 2.0,” an alleged effort to stop the growth of the U.S. cryptocurrency industry by cutting crypto firms’ access to traditional banking services.

In August 2024, these allegations were reignited after the Fed directed Customers Bank, a crypto-friendly institution, to tighten its risk management and compliance measures. This prompted Gemini co-founder Tyler Winklevoss to declare that Operation Chokepoint 2.0 “is alive and well.”

Crypto’s banking issues began years ago, intensifying after the collapse of FTX, which triggered stricter regulations against blockchain companies.

This included mandates from the OCC, FDIC, and Federal Reserve that discouraged banks from serving crypto firms. As a result of this, many crypto-friendly banks like Silvergate Bank, Signature Bank, and Silicon Valley Bank have since been forced to close.

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