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Showing posts with the label crypto markets

90% of Jesse Pollak’s Base tokens are down bad

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Of the last 50 tokens launched by Jesse Pollack on Coinbase’s Base, 40% have seen their market cap fall by at least 90%, and only three have seen it increase.  The Coinbase exec has launched hundreds, if not thousands, of tradable tokens that are generated alongside posts uploaded on Base. Protos looked into Pollack’s last 50 launches and discovered that 20 saw their market cap fall by over 90%, while 41 dropped by at least 60%.  One token with a $1 million market cap at launch has fallen 96% to just $31,200. On the other end of the scale, a token that launched with a market cap of $9,100 has fallen to $900, a 90% decrease.  Read more: Coinbase shells out $375M on Cobie’s podcast and investment firm Echo The three tokens that actually saw their market caps climb were BASEDCCM, DOMINOS, and LOCTOBER, which increased by 119%, 143%, and 18% respectively.  It’s worth noting that these are the last 50 tokens from his Base account that are ...

Cryptocurrency markets predict Bitcoin’s price for July 1

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As the second half of the year approaches, markets are predicting that Bitcoin (BTC) is likely to trade near its current levels. Notably, Bitcoin has regained bullish momentum as investors have reacted positively to the easing of geopolitical tensions in the Middle East.  The cryptocurrency is now targeting the $110,000 resistance level. At press time, Bitcoin was trading at $107,346, up nearly 0.5% in the past 24 hours and 3.5% over the past week. Bitcoin seven-day price chart. Source: Finbold Bitcoin price prediction On the prediction front, traders on Polymarket , a crypto-based forecasting platform, are betting that Bitcoin will likely trade above $108,000 on July 1. Current market data assigns a 40% chance of BTC closing the day above that level, making it the single most probable outcome. Probability estimates have shifted slightly in recent days. The odds for the $108,000 and above bracket have risen by about 5% compared to earlier in the week....

Bitcoin Eyes $100K As Trump Teases ‘Major Trade Deal,’ Likely With UK

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Bitcoin is closing on $100,000 after US President Donald Trump teased a major trade deal that’s set to be announced today, likely with the UK. In a Truth Social post, Trump promised a “BIG NEWS CONFERENCE” at 10 a.m. from the Oval Office, where he said he will unveil a “MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” The post sparked a surge in crypto markets, propelling Bitcoin past $99,000 for the first time in nearly two months. Though Trump didn’t name the country, the New York Times reported that it would be the UK, and the BBC reported that UK Prime Minister Kier Starmer would make an announcement today about a deal with the US on tariffs. Bitcoin Breaks Above $99K For The First Time Since Mid-Feb Bitcoin is trading at more than $99,500 as of 4:13 a.m. EST, the first first time BTC has risen above $99K since Feb. 21, according to TradingView.  Daily chart for BTC/USD (Source: Trad...