Bitcoin
MoonLite Plans to Revolutionize Cryptocurrency Mining
As of January 2018, Bitcoin, Ethereum, Litecoin, and Dash, collectively have a market capitalization of almost US$400 billion. This colossal amount is a sign of growing popularity and utility needs of these crypto coins. The amount also points to an increased demand for cryptocurrencies in the future.
For this reason, cryptocurrency mining, of these four tokens in particular and a lot many more digital assets in general, is increasing and in the process, giving blockchain even more validation. Such a situation can only mean that cryptocurrency mining should increase correspondingly.
Bridging and apparent gap
Research, however, indicates that while there is a definite increase in the demand for cryptocurrencies, there hasn’t been a corresponding increase in mining in scales that naturally meet the need. This reason prompted the MoonLite Project to respond by designing a cryptocurrency mining project on a commercial scale that seeks to meet this requirement. The project’s flagship mining center will be based in Iceland to cash in on the Nordic island nation’s cheap power tariffs.
Also, the MoonLite Project is unique and not only on the count that it intends to meet the commercial demand of digital assets but rather because it offers a chance for people that are willing to invest in the project to earn handsomely from their capital infusion. The MoonLite Project is inviting investors to put in funds during its Pre-Swap phase of the ICO. Entrepreneurs that opt-in now will have unbridled access to further and better investment opportunities during the actual ICO.
Efficiency
By employing the latest technology to carry out the mining and undertaking the project in an efficient manner that is presided over by the most competent team for the job, the project promises to add value to everyone that buys the tokens. This is particularly so because the project’s operations and the management team have strategies in place to ensure that the project meets and surpasses all the projected growth and performance targets. Moreover, the whole exercise is environment-friendly; the Moonlight Project will use only green, clean and sustainable sources of energy.
Why invest in the MoonLite Project?
While the MoonLite Project ICO isn’t on for another month or so, (the ICO commences at the end of February 2018) there already is a massive interest generated especially around the Pre-Swap phase. And, though a lot of this attention is in regards to the benefits the business shall accrue, there are social benefits as well.
In what is an apparent migration from the norm, the project believes in total public transparency and, it is ambitious in becoming the preferred destination for the best talent.
When should you invest in the project?
The ICO starts at the end on February 2018. However, the Pre-Swap phase is already on, and investors that come on board during this session have clear benefits. For instance, investing now gives investors a chance to get as much as 300% bonus when the ICO goes live as well as inclusion in the projects smart contracts. With plans to open the first data center at the beginning of August 2018, now would be a great time to show interest in the project. Investors that are looking to make the most of the project can opt in now by securing the tokens through the MoonLite Sales Portal.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Apple A via Flickr
Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.
Fundamentals
Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.
Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.
Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.
Last week on Thursday, cryptocurrency experts took notice of…
Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.
Economic Outlook
Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.
The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.
Additionally, the central bank indicated that three rate…
Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.
Fundamentals
Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.
According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.
Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…
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