Crypto casino Monkey Tilt raises $30 million Series A led by Pantera Capital

Bitcoin (BTC) achieved a new record high of $94,730, continuing a significant uptrend that began on November 5. Analysts are dubbing this rally the “Trump trade,” as the recent political developments surrounding Donald Trump’s victory have instilled renewed confidence among investors in BTC and the broader crypto market.

Analyst Forecasts 42% Increase For BTC

Despite the impressive surge, analysts believe Bitcoin’s price discovery is far from complete, indicating substantial potential for further growth.

Among those sharing this bullish sentiment is analyst Ali Martinez, who draws parallels between Bitcoin’s current price movements and those seen in December 2020, before the notable uptrend that ultimately led to an all-time high of $69,000 in 2021.

Martinez notes that the relative strength index (RSI), a key technical indicator used to gauge momentum, is currently mirroring the patterns observed in late 2020. This similarity suggests that the BTC price may be poised for significant upward movements in the coming months.

According to Martinez, if this trend continues, Bitcoin could target the $108,000 mark, followed by a potential correction to around $99,000, before bouncing back to a predicted milestone of $135,000.

This forecast represents an increase of over 42% from current levels, although Martinez did not specify a timeline for these movements, indicating they might occur anywhere between now and the first quarter of 2025.

Bitcoin To Reach $1 Million By 2029?

In even more optimistic projections, market expert Timothy Peterson, who identifies as a network economist, suggests that Bitcoin’s current bullish trend could persist until November 2025, with ambitious targets set for the future.

In a recent post on X (formerly Twitter), Peterson predicted that Bitcoin could reach $275,000 per coin by Thanksgiving Day 2025. He bases this projection on Metcalfe’s Law, which posits that the value of a network is proportional to the square of its number of users. This indicates that as more individuals adopt Bitcoin, its value is likely to increase significantly.

Looking further ahead, the economist also asserts that the Bitcoin price could achieve the coveted valuation of $1,000,000 per coin by 2029, representing a staggering 954% increase from current levels.

Trading at $94,730 as of this writing, the largest cryptocurrency on the market has seen massive gains in recent weeks, with a 26% and 39% increase in the fourteen and thirty day time frames, respectively.

Furthermore, BTC has reached a market cap valuation of $1.8 trillion, making it one of the most valuable assets in the world, currently ranked 7th, just behind companies such as Nvidia, Microsoft, Google and Amazon. But quite far from the leading asset in this matter which is gold with a market cap of $17 trillion.

Featured image from DALL-E, chart from TradingView.com

Billy Markus, who created Dogecoin in collaboration with Jackson Palmer in 2013, has addressed his millions of followers on the X social media website to underscore the staggering difference between the performance of Bitcoin and “literally everything else right now.”

Shibetoshi Nakamoto, as Markus is known on social media, published his X post as Bitcoin has closely approached $98,000, setting yet another all-time high over the past month.

Markus also shared a recommendation as to whether it is better to hold or sell Dogecoin now.

"Bitcoin and 'everything else'"

Markus published a meme with Shiba Inu dogs, in which Kabosu, with a muscled, well-built body, representing Bitcoin, which is currently experiencing mammoth growth, and Cheems Balltze, with an average dog’s body, representing altcoins — “literally everything else in the market right now.”

Thus, Shibetoshi Nakamoto has underscored the amazing gap that has emerged between the fast-growing flagship cryptocurrency and all altcoins, including the second largest crypto, Ethereum.

Over the last 24 hours, the bellwether cryptocurrency has added more than 4%, soaring to a new all-time high at $97,862 and taking another quick and major step toward the much-anticipated $100,000 level.

Bitcoin has demonstrated an almost 10% increase since Sunday, when it traded at the $89,000 mark. In total, it has grown by 19% since Monday, Nov. 11, soaring from $81,880. At the time of this writing, BTC is changing hands at $97,461.

Following Bitcoin’s extensive growth and also inspired by a few other drivers, Ethereum has soared by 2.85% to hit $3,140 after a 10.7% decline since Nov. 12. XRP has added an astonishing 95% since Nov. 11, surpassing the $1 level.

Should one sell DOGE or hold? Markus responds

In the comments section, Markus received a question from a follower who said that he only owned Dogecoin, asking the co-creator of this meme asset whether he should keep holding it or sell it.

Shibetoshi Nakamoto gave a unique answer: an animated GIF saying, “No Idea.” Markus is known for his skeptical attitude toward crypto investment and trading. According to tweets published earlier this year, he holds very little DOGE and BTC — 0.006 BTC in particular.

Over the past week, DOGE has been trading in a range, holding near the $0.38 price level.

While the price of Bitcoin is dramatically updating historic high after high, just as dramatically, the price of Ethereum , the leading altcoin on the crypto market, is flying in an open peak downward against the major cryptocurrency. Since the beginning of the year, the price of ETH has lost 46.99% to the price of BTC from the high of the year and, as a result, has reached 0.03187 BTC per Ethereum, unseen since March 2021 - that is, for almost four years.

Of course, the discussions about the terrible performance of Ether, or rather the merciless mockery of it, an asset believed to be able to flip Bitcoin, is one of the most active.

Thus, the situation on the Ethereum/Bitcoin chart attracted the attention of Peter Brandt, an expert trader operating on the financial markets since the 1970s, who expressed his reaction to it in an unusual way. In his outlook, he described the situation with a question: “A letter from the grave????” Sounds ominous.

As can be inferred based on the chart attached by Brandt to the post, the trader is confused by the fact that the price of ETH has approached a crucial level of dynamic support originating back in 2017.

This is either the moment among the last seven years for the major altcoin to prove haters wrong or kill what was once a nearly 559 billion dollar asset, and that is not counting the roughly $120 billion ecosystem. More to the point, Ethereum is still an asset of at least $376.57 billion, according to CoinMarketCap data, and $34.77 billion in daily volume.

Is Solana able to dethrone Ethereum?

Even though the sentiment around the main altcoin is now at about the same lows as its price, it is still one of the flagships of the market and cannot not be discussed - especially by traders and investors who are sucked in by the negative PnL in Ethereum ecosystem tokens and are tired of watching more Solana enthusiasts making thousands of percent on various kinds of “animals,” (meme coins) and not only those. BINANCE:ETHUSD and Solana in 2024 by CoinMarketCap">

The SOL token itself is going for an all-time high upgrade right now with great fanfare.

The question posed by Brandt, while theatrical, does seem to be an extremely important point for the Ethereum-Bitcoin relationship. The crypto market is getting to the point where it may lock ETH in a box for a long time and let someone else take its crypto market share.

Chillguy's 100,000 token holders aren’t feeling so chill anymore.

Phillip Banks, the meme’s creator, is threatening to issue takedown notices for profit-related assets or applications using the character he created as a spoof meme token that went viral on Crypto Twitter.

“Chill guy has been copyrighted. like, legally. I'll be issuing takedowns on for-profit related things over the next few days,” Banks said on X. “not like brand accounts using him as a trend, that's kinda something i dont really care about (i do just ask for credit. or xboxes.). mainly unauthorized merchandise and shitcoins.”

Banks’ legal threats turned down the heat on the CHILLGUY token, whose creator is unkown. It is almost 50% below its Wednesday peak, with the decline strengthened by profit-taking.

Notable Crypto Twitter traders, meanwhile, are asking Banks to post a Solana address for receiving money or tokens — in the hopes of keeping the fun going. It's not clear whom Banks plans to target.

The meme took Crypto Twitter by storm this week as the parody Solana-based CHILLGUY token rocketed more than 1,000% in a single day, notching up a $500 million market capitalization at Wednesday's peak.

Chillguy portrays a character unfazed by life's challenges. It has attracted interest from brands to El Salvador's President Nayib Bukele, boosting narratives around the token.

Early backers claimed the memecoin went viral on video content network TikTok, where “normies” — or the general public that doesn’t hold crypto — were supposedly making videos on how to buy the token and how it was on track for higher gains ahead.

That spurred an entire narrative of scouring TikTok for new crypto picks, with speculators hoping to find tokens going viral among normies for short-term trading.

Such memecoins often rise rapidly due to speculation, community hype and social media trends. They are, however, also extremely volatile, with prices driven more by sentiment and marketing than a strong community.

These trends often don't last long. They can peak quickly due to hype but are prone to rapid declines once the excitement wanes. New memes constantly emerge, diverting attention and investment — leaving investors who bought into the narrative with near-worthless bags.

BitGo, the U.S. digital asset infrastructure provider for institutions, has officially launched its services in Singapore, the company announced on Thursday.

Though BitGo has operated in APAC since 2015 and had a presence in Singapore, it did not provide specific Singapore-regulated services. The firm received a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS), in August this year. As a result, it is now rolling out a wider suite of products that will put its local offerings on par with those offered in Europe and the U.S.

In addition to its custody and wallet services, BitGo will now offer regulated cold storage for over 1,100 digital assets, 24/7 electronic and voice trading, real-time automated settlements and full-service token management solutions.

Globally, BitGo already has over 1,500 institutional clients in 50 countries and secures approximately 20% of all on-chain bitcoin {{BTC}} transactions by value. In Singapore, it’s hoping to tap into demand from institutional clients operating in the city for regulated infrastructure services, CEO of BitGo Singapore, Youngro Lee told CoinDesk.

“A lot of institutions in Singapore and Asia haven't really done much [in crypto]. There have been some traditional institutions that have been working with digital assets, but in a very limited fashion,” Lee said, adding that most of the activity in Singapore is coming from “non-traditional institutions” such as investment funds, venture funds, hedge funds, family offices and high net worth individuals.

“We believe the market will grow larger over time, especially with the U.S. elections and how the world is trending toward digital asset adoption, especially bitcoin. More traditional investors and traditional institutions will want to both offer and engage in digital asset services, and we hope to be one of the partners in Singapore,” he said.

Singapore has emerged as a strong contender for becoming a regional crypto hub in Asia, thanks in part to introducing a regulatory framework for crypto service providers in 2019. That said, despite hundreds of applications, to date only 29 companies are listed on MAS’s website as holding an MPI for digital payment token services. This includes other well-known crypto companies such as Coinbase, Circle, OKX, Paxos and Ripple.

While BitGo’s team in Singapore remains small – less than 20, according to Lee – the company also expects to grow its local team if and when market demand increases over the next few years.

In addition to its Singapore subsidiary, BitGo also has operations in South Korea, where Hana Financial and SK Telecom have 25% and 10% stakes in its local company, respectively.

BitGo is also mulling further expansion into other areas in APAC. “We don't have any specific plans yet, but obviously we're looking at the different opportunities and challenges. A lot of it depends on the regulatory environment and how effective and efficient the process will be for us to work with regulators,” Lee said.

“So far, we've had a great relationship and great dynamic with MAS, and that's one of the reasons why we decided to commit to building in Singapore,” he said.

First introduced to the public in early Q1, 2024, Algorix (ALOR) platform is attempting to fuel cryptocurrency trading with the newest instruments based on artificial intelligence and operations research.Algorix">

To support the community and to make its tokenomic design sustainable, Algorix project has released ALOR, a multi-purpose community-centric utility and governance token.

Easy-to-use AI for smart trading: What is Algorix (ALOR)?

Algorix (ALOR), a new-gen AI/OR platform for smart trading, offers a comprehensive stack of instruments for risk management, portfolio optimization and so on.

• Algorix (ALOR) is an AI/OR-based platform for crypto trading, portfolio management and risk optimization in crypto.
• Algorix (ALOR) offers easy-to-use instruments for individual and institutional traders interested in making their strategies more balanced.
• The platform combines advanced technology and community insights to deliver a secure, efficient and cutting-edge trading experience with no regard for the previous experience of individual users.
• Besides trading, Algorix (ALOR) offers AI instruments for management strategies in liquidity providing, lending, borrowing, staking and so on.
• The Algorix (ALOR) mechanism is battle-tested and able to handle significant liquidity volume.

ALOR, a native cryptocurrency of the project with a number of utilities and governance functions, is available on Polygon (POL), the most hyped blockchain of 2024.

What is AI and OR?

Artificial intelligence (typically abbreviated as AI) is an umbrella term for the group of technologies that are set to allow computers to simulate the processes of human intelligence. AI is also the specific field of study in computer science that concerns the behavior of intelligent machines and their usage in problem solving. In some cases, “AI” is used to describe GPUs and other classes of computational hardware.

For non-CS users, the AI sphere is interconnected with neural networks that are sophisticated machine-learning models designed to emulate interactions between the neurons of the human brain.

In both the digital and “real-world” segments, artificial intelligence can fuel an impressive number of use cases.

Operations Research (abbreviated as OR), should be referred to as an interdisciplinary practice that harnesses mathematical models and optimization techniques to address complex problems and make business processes more resource-effective.

How is AI used in crypto?

Artificial intelligence can be used in cryptocurrency in various ways, depending on the skills of developers and their business goals.

• First of all, AI can be used for token creation. Modern AI agents (isolated software programs for AI development) can initiate the creation of on-chain tokens on Ethereum , Polygon (POL) and more. AI-generated tokens can have predetermined parameters, such as supply, logo, contract functions and so on.
• AI-managed hardware (GPUs, DePIN networks) can serve as full or validation nodes for proof-of-stake (PoS) blockchains. Otherwise, mining computers can also serve as GPUs for AI networks.
• AI-powered chatbots like ChatGPT can serve as reliable and updated sources of information on crypto and blockchain progress.

At the same time, using AI for automated trading remains the most mainstream and attractive use case for AI utilization in crypto and Web3. AI trading bots are interoperable with both centralized and decentralized (fully on-chain) blockchain services.

How to leverage AI and OR for automated crypto trading?

AI-powered trading bots are the most popular way of using AI in the crypto segment so far. Here are three types of bots that are mainstream in crypto trading and liquidity management:

Technically, all crypto bots are software programs that can be purchased “as is” and customized before use with real cryptocurrency.

Introducing Algorix (ALOR), one-stop AI toolkit for smart crypto trading

Algorix (ALOR) is a multi-product ecosystem of AI-powered tools for automated trading. It employs a number of new-gen developments in the segment. The product is backed by ALOR, a native utility and governance token that is in the presale phase as of Q4, 2024.

Algorix: Highlights

Introduced in 2024, Algorix (ALOR) is a comprehensive ecosystem of AI-powered instruments for automated trading and portfolio management in crypto. Algorix (ALOR) combines the opportunities unlocked by risk management and portfolio optimization tooling as well as “smart trading” instruments for newcomers.

Algorix (ALOR) leverages Operations Research (OR), an interdisciplinary science that employs mathematical models and optimization techniques to solve complex problems and optimize processes.

Harnessing the synergy of OR and Artificial intelligence (AI), Algorix (ALOR) is attempting to develop advanced platforms capable of providing more accurate analyses and optimal decisions.

As an instrument of monetization, community development and governance, the platform issued ALOR, a Solana-based cryptocurrency that is available in presale now. It showcases the specifications of both a utility and governance token.

Algorix: Technology

In its operations, Algorix (ALOR) leverages a multi-phase methodology based on deep understanding of AI in crypto and Web3. Algorix">

Data collection is the first step in this sophisticated process. This includes historical prices, trading volumes, economic indicators and news gathering. Once data collection is completed, the next step involves cleaning it. Data cleaning includes removing incomplete data, correcting errors and normalizing the data to enhance the accuracy and efficiency of analytical models.

Then, a neural network model is developed to predict market behavior and generate entry signals. Utilizing historical data and deep learning algorithms, this model analyzes price trends and identifies complex patterns on the market. The signals generated by this model assist traders in determining the optimal times to enter the market.

To optimize market entry, a mathematical model is designed to solve for each candlestick. The variables and parameters of this mathematical model include Moving Average (MA), WaveTrend, Relative Strength Index (RSI), Exponential Moving Average (EMA), and others These models focus on entry points based on predefined indicators. A mathematical model continuously analyzes real-time market behavior to identify potential transactions to leverage predefined indicators to generate recommendations for the platform’s core.

Algorix: Using AI in trading

This multi-factor approach unlocks plenty of opportunities for AI utilization in crypto trading. For instance, Algorix (ALOR) offers a comprehensive stack of tools for hedge funds.

• Hedging: Algorix (ALOR) might be useful in designating short sales or other negative trades to protect capital against market volatility and reduce risk.
• Arbitrage: Algorix (ALOR) seeks and exploits price differences in different markets to earn risk-free profits.
• Options trading: The platform is also capable of buying and selling options to capitalize on price increases and decreases.
• Algorithmic trading: Algorix (ALOR) utilizes sophisticated algorithms to execute optimal and rapid trades on markets.
• Event-driven trading: AI- and OR- powered instruments track information on specific events to predict market movements and execute trades based on those events.

Targeting investors with significant capital and market savvy, hedge funds employ complex strategies for potentially outsized returns. This elevated risk profile allows them to explore a wider range of investment options, maximizing potential gains for qualified investors.

What is ALOR, novel governance and utility token for AI and crypto?

According to the latest tokenomics document (November 2024), the ALOR token serves as the core of the entire Algorix (ALOR) ecosystem, and its tokenomics are meticulously designed to ensure sustainable growth, community participation and continuous development.

The token has completed a CertiK audit for its smart contract with no critical issues disclosed, and is on its way to mainstream tier-1 and tier-2 centralized exchanges.

ALOR: Basics

ALOR will be fueling all elements of the Algorix (ALOR) products stack, including a prop trading platform (platform funding traders with capital to trade crypto, sharing profits while leveraging AI-driven strategies), a hotly anticipated decentralized crypto exchange, or DEX (Algorix-centric secure and efficient platform for exchanging digital assets) and a next-gen dedicated L1 programmable blockchain for Algorix (ALOR).

ALOR holders will participate in prioritizing platform development through the governance system. Namely, a 30% allocation of three billion ALOR will be allocated to the three above mentioned goals.

The total token supply is hard-capped and cannot be altered by the team or third parties. A portion of transaction fees might be used to burn tokens, reducing circulating supply and protecting ALOR from inflation.

ALOR: Distribution

First of all, 5% will be allocated to presale activities. Tokens purchased during the presale will be immediately available for trading after the presale ends on Dec. 11, 2024. Listing on exchanges is expected on Dec.12. A 15% supercharge will be allocated to marketing and community activities, as well as upcoming listing campaigns.

It should be noted that the staking reward program will bring 12% in APY to all its participants. The rewards initiative will be running for three years.

The core team, staking rewards and strategic partnership programs will receive 10% of the ALOR supply each. Also, 10% of the supply will be allocated to market making activities.

ALOR: Utilities

ALOR cryptocurrency is associated with a number of utilities within the platform and outside it. First of all, ALOR will serve as a medium of exchange across all ALOR platforms. Then, as was mentioned previously, users can stake ALOR to earn rewards.

Being a governance asset, ALOR will enable token holders to participate in key project decisions. Last but not least, holding or spending ALOR unlocks advanced features and services within the platforms.

ALOR: How to buy

Right now, the ALOR token is available in the liquidity pool on the Polygon (POL) blockchain. ALOR liquidity can be injected into ALOR/POL pools.

Also, according to a statement by the ALOR team, the tokens can be obtained via purpose-made Telegram bots.

Wrapping up: What is special about Algorix and its token, ALOR?

Algorix (ALOR) is a one-stop platform for AI instruments in cryptocurrency trading. It enables crypto traders to use AI and OR for their strategies with no specific tech skills needed. Algorix (ALOR) offers solutions for individuals, hedge funds, VC teams and so on.

Polygon-based cryptocurrency ALOR is a backbone of the protocol’s tokenomics, its community design and rewards initiatives. The token can be staked with 12% in APY and integrated into governance referendums.