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July 18, 2024

Bitcoin (BTC) Climbs to $65K as NEAR Protocol Gains 34%; Clandeno (CLD) Experts Predict 50X

Bitcoin (BTC) Climbs to $65K as NEAR Protocol Gains 34%; Clandeno (CLD) Experts Predict 50X

Markets Solidify Gains on $65K Bitcoin (BTC)

Bitcoin (BTC) solidified its gains at $65,000, after briefly dipping under that level. The past few days saw trading volumes move close to $40B in 24 hours. The recent Bitcoin (BTC) rally is driven by spot buying, while derivative traders were gradually rebuilding their positions. Longs still dominate, some retaining their position since the lows at $53,000. Some tokens staged outsized rallies, as in the case of NEAR Protocol, gaining 34% in a single week. The strong recovery is boosting the hopes of 50X growth for the Clandeno (CLD) presale stage ICO.

Bitcoin (BTC) Returned to Gains After Brief Correction

Bitcoin (BTC) slid for part of the day under the $65,000 barrier, but continued with the gains. Bitcoin (BTC) gains support from US traders, while accruing new long positions. During the weekend, Bitcoin (BTC) established support levels above $62,000, giving way to a new climb. 

The Bitcoin (BTC) narrative is also among the strongest, as traders seek to divide their available liquidity. Bitcoin (BTC) is still attracting maximalists that find meme tokens too risky.

NEAR Protocol Calls Developers for Hackathon

NEAR Protocol focuses on offering utility and turning into one of the top Web3 platforms. This November, NEAR Protocol announced a new hackathon with a $500K prize pool. NEAR Protocol is a niche Defi chain, locking up around $300M. The platform carries a full array of DEX, liquid staking, and lending protocols. 

NEAR Protocol already recovered near its monthly peak, trading around $6.10. The asset is up more than 30% week-on-week. NEAR Protocol gained special attention after Grayscale added it to its decentralized AI fund with a mix of similar tokens. 

Clandeno (CLD) Prepares for High-Growth ICO Presale

Clandeno (CLD) is launching its presale-stage ICO, aiming for a fair launch to a new decentralized e-commerce platform. Clandeno (CLD) will distribute 365M tokens during the presale, with additional treasury reserves left for incentives and staking rewards. Early buyers will also gain additional perks, such as an early preview of the product, as well as occasional flash sales. Every holder of Clandeno (CLD) tokens will be able to receive a share of the platform’s revenues. The model of Clandeno (CLD) is to have a 5% fee on sales, for all the goods listed on the platform. Clandeno (CLD) will host merchants to trade anything from fashion, luxury items and vehicles to real estate. 

To find out more about the Clandeno presale, visit their website here.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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Gregory Pudovsky
Gregory Pudovsky

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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