Tag Archives: pantera capital

Bitcoin

Pantera Capital MP Reveals 5 Reasons For Bullish Outlook

Leave a comment

NEAR, the native token of the Layer 1 (L1) blockchain Close to Protocol, has surged to a one-month excessive after breaking out of a earlier downtrend that noticed the token hit a low of $4 on July 5. At the moment buying and selling at $5.93, NEAR has recorded a considerable 20% achieve over the previous week, propelling it to the nineteenth place among the many high 100 cryptocurrencies. 

This optimistic momentum has drawn the eye of enterprise capital agency Pantera Capital, whose Managing Accomplice, Paul Veradittakit, has shared a number of causes for the agency’s bullish stance on NEAR’s protocol and its progress potential.

Scalability Resolution Amidst Bitcoin And Ethereum Challenges

Veradittakit took to social media on Thursday to spotlight NEAR’s worth proposition inside the blockchain ecosystem. 

Veradittakit famous that whereas Bitcoin (BTC) and Ethereum (ETH) have been on the forefront of the crypto know-how “revolution,” with Bitcoin establishing itself as a retailer of worth and Ethereum supporting sensible contracts and decentralized functions (dApps), each face “challenges” associated to transaction scalability. 

In response to Pantera’s MP, that is the place NEAR Protocol performs a key function in addressing these scalability points whereas prioritizing developer engagement and person expertise by providing a scalable and user-centric blockchain resolution.

Associated Studying

NEAR distinguishes itself with its Thresholded Proof of Stake (TPoS) system and Nightshade sharding, which will increase scalability and decentralization. These developments have paved the way in which for NEAR to attain important milestones, equivalent to reaching $335 million in Complete Worth Locked (TVL), a rise of 547% in simply six months. 

In response to Veradittakit, such progress demonstrates NEAR’s traction and strategic effectiveness available in the market. Moreover, NEAR’s market presence is fortified by key metrics, together with a 42% quarter-on-quarter improve in day by day energetic addresses, a surge in transactions from 35 million to over 220 million, and a considerable rise in month-to-month energetic customers from 2.9 million to fifteen million.

NEAR And Crypto AI Integration

Notably, NEAR can be positioning itself as a frontrunner within the rising crypto synthetic intelligence (AI) ecosystem, which has gained important traction particularly over the previous 12 months with surges of corporations like Nvidia. 

The NEAR staff has emphasised the combination of AI via an open and decentralized framework, which locations person management over knowledge and property on the forefront. 

This has garnered recognition, as NEAR has been introduced as a part of Grayscale’s AI Fund. The fund’s element property and weightings embody Bittensor at 2.92%, Filecoin at 30.59%, Livepeer at 8.64%, NEAR at 32.99%, and Render at 24.86%.

Associated Studying

Lastly, Veradittakit emphasised that NEAR’s success will be attributed to the management of its co-founders, Illia Polosukhin and Alexander Skidanov, as Polosukhin’s experience in AI and Skidanov’s engineering understanding has been “instrumental” in creating NEAR’s infrastructure. 

NEAR
The day by day chart exhibits NEAR’s value uptrend recorded over the previous month. Supply: NEAURUSD on TradingView.com

Regardless of reaching its month-to-month excessive of $5.93 and a considerable 300% achieve year-to-date, the token might want to break above the $8.28 stage within the brief time period to interrupt out of its downtrend construction.  

Nevertheless, with these developments and the adoption of AI-related tokens, NEAR could also be poised for additional positive factors all year long, helped alongside by the broader market’s restoration. 

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

Bitcoin

Toncoin Soars 32% On Back Of Pantera Capital’s Mega-Investment

Toncoin (TON), the native token of the Telegram Open Community (TON), is experiencing a meteoric rise after a serious funding from enterprise capital big Pantera Capital. The information despatched optimistic vibes via the crypto market, propelling TON’s worth over 30% within the weekly timeframe, and reigniting investor enthusiasm for the mission.

Supply: Coingecko

Associated Studying

Pantera Bets Large On TON’s Mass Adoption Potential

Pantera Capital, a frontrunner in blockchain investments, has made a major transfer by inserting a hefty guess on the Toncoin ecosystem. Whereas the precise funding quantity stays undisclosed, business whispers counsel it may surpass the $250 million Pantera spent on discounted Solana (SOL) tokens final yr. This strategic funding underscores Pantera’s perception in TON’s potential to grow to be a mainstream cryptocurrency.

Supply: Pantera Capital

“We’ve invested closely in TON as a result of it has the distinctive means to introduce crypto to the lots,” declared Pantera Capital in a current weblog publish. They level to TON’s seamless integration with Telegram, a messaging app boasting a staggering consumer base exceeding 800 million.

Pantera envisions TON leveraging Telegram’s user-friendly interface and huge consumer pool to grow to be a dominant drive within the crypto panorama.

Whole crypto market cap presently at $2.2 trillion. Chart: TradingView

TON Value Rallies On Constructive Developments

Pantera’s bullish stance on TON comes on the heels of a sequence of optimistic developments for the mission. On the current Token2049 convention in Dubai, Telegram co-founder Pavel Durov unveiled a roadmap for integrating TON functionalities immediately throughout the Telegram app.

This consists of plans to permit customers to log in to their Telegram accounts utilizing crypto wallets, additional blurring the traces between conventional messaging and the world of blockchain.

TON seven-day worth motion. Supply: Coingecko

The information of Pantera’s funding, coupled with Telegram’s dedication to TON integration, fueled a shopping for frenzy within the TON market. The token worth surged close to the $7 mark, inching nearer to its all-time excessive of $7.25. This worth improve displays renewed investor confidence in TON’s future prospects.

Associated Studying

Overcoming Regulatory Hurdles: A Look Again

Regardless of the present wave of optimism, TON’s journey hasn’t been with out challenges. In 2019, the US Securities and Trade Fee (SEC) issued a restraining order in opposition to Telegram, successfully blocking the launch of its deliberate Gram token.

The SEC alleged that the Gram ICO violated securities legal guidelines. Nevertheless, the Telegram crew persevered, and the TON ecosystem continued to evolve with TON coin rising as its central foreign money.

A New Chapter For Toncoin?

Pantera Capital’s funding and Telegram’s continued dedication to TON integration mark a major turning level for the mission. With a sturdy messaging platform as its basis and the backing of a distinguished funding agency, TON is well-positioned to bridge the hole between mainstream customers and the world of cryptocurrency.

Featured picture from GoodFreePhotos, chart from TradingView

Bitcoin

Insight Into The Timing And Factors

The Bitcoin worth has skilled heightened volatility over the previous week. After recovering from a low of $56,500, the biggest cryptocurrency available in the market surged to $65,500 inside 4 days. Nonetheless, it has since retraced a few of its positive factors and is at the moment testing the $61,000 assist degree. 

Regardless of this volatility and the absence of robust bullish momentum, enterprise capital agency Pantera Capital stays optimistic about the way forward for BTC’s worth, citing the latest Halving occasion as a major issue.

Pantera Capital Tasks $117,000 Worth Goal By 2025

In a latest investor letter, Pantera Capital revealed its Bitcoin Halving rallies mannequin, which predicts a bottoming out of the BTC worth adopted by an increase by way of the Halving rally. 

Based mostly on the common period of earlier rallies, the agency forecasts that BTC’s worth will peak at $117,000 in August 2025. The common whole period of this cycle, encompassing pre- and post-Halving rallies, has traditionally been round 2.6 years, with symmetry noticed throughout cycles.

Associated Studying

Pantera Capital highlights the connection between Halving occasions and BTC’s worth. The agency asserts that if the demand for brand new Bitcoin stays fixed whereas the provision of latest Bitcoin is diminished by half, it can create upward strain on the value. 

The anticipation of a worth improve has additionally traditionally pushed elevated demand for Bitcoin main as much as Halving occasions. Nonetheless, Pantera Capital acknowledges that the affect of every subsequent Halving on worth could diminish because the discount within the provide of latest Bitcoin from earlier Halvings turns into much less important.

Furthermore, the agency notes that, on common, the Pantera Bitcoin Fund has almost doubled in worth for eleven years. Based mostly on this historic efficiency, Pantera Capital envisions a situation during which the value of Bitcoin reaches $117,000 by 2025.

Bullish Bitcoin Worth Predictions

Famend crypto analyst Titan of Crypto has lately taken to social media platform X (previously Twitter) to share bullish predictions for the Bitcoin worth. With forecasts starting from $75,000 to $110,000, Titan of Crypto highlights varied elements and patterns that would doubtlessly drive BTC’s development.

In accordance to Titan of Crypto, a worth rise to $110,000 for Bitcoin is “programmed.” Whereas the analyst didn’t elaborate on the specifics of this programming, it suggests a powerful conviction in BTC’s potential to achieve that degree.

Titan of Crypto additionally identifies a present head-and-shoulders sample within the Bitcoin worth chart. If this sample holds, the analyst means that BTC may rise to the $75,000 mark. If confirmed, this sample may signify a bullish pattern reversal and additional assist the projection of Bitcoin reaching greater worth ranges.

Associated Studying

The analyst additionally highlighted $61,500 as a important level to observe because of the potential of “panic promoting.” The analyst suggests many market contributors may react to this degree, doubtlessly growing promoting strain. 

Lastly, based mostly on his evaluation, the analyst suggests a conservative worth prediction of $108,000. Nonetheless, Titan of Crypto believes that BTC’s worth could exceed this projection, indicating a extra optimistic outlook.

Bitcoin price
The 1-D chart exhibits BTC’s worth retrace. Supply: BTCUSD on TradingView.com

Featured picture from Shutterstock, chart from TradingView.com

Bitcoin

TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential

Enterprise capital agency Pantera Capital has invested considerably in The Open Community blockchain. The information, introduced on Thursday, resulted in a 9% surge within the community’s native token, Toncoin (TON), pushing its worth above the $5 mark.

Pantera Capital Bullish On TON And Telegram Integration

In a assertion, Pantera Capital expressed enthusiasm about their newest funding in TON. The Layer 1 community, initially conceived by Telegram and continued by the open-source neighborhood, can doubtlessly introduce cryptocurrency to the lots because of its intensive utilization throughout the Telegram community. 

Telegram, utilized by over 900 million month-to-month lively customers, is thought for private and group communication, neighborhood constructing, content material sharing, and extra. Pantera Capital believes that by leveraging Telegram’s huge consumer base and consumer expertise, mixed with TON’s rising ecosystem, the community might turn out to be one of many largest within the cryptocurrency house. Pantera’s announcement additional reads:

We at Pantera Capital are thrilled to announce our newest funding in TON, a Layer 1 community initially designed by Telegram and continued by the open-source neighborhood.  We consider TON has the capability to introduce crypto to the lots as a result of it’s used extensively throughout the Telegram community. 

The combination of TON with Telegram aligns with the platform’s imaginative and prescient of offering a “seamless” and “borderless” expertise for peer-to-peer (P2P) funds inside its consumer base. 

Tether’s Integration With The Open Community

As beforehand reported by NewsBTC, Tether, the corporate behind the most important stablecoin available in the market, USDT, not too long ago introduced the launch of its USDT dollar-pegged token and Tether Gold (XAUT) on The Open Community. 

This integration additional will increase the potential for P2P funds inside Telegram’s intensive consumer base, a prospect that Pantera Capital goals to capitalize on.

Along with the funding in TON, Pantera Capital is actively pursuing the launch of a brand new fund, Pantera Fund V, to lift over $1 billion. This fund goals to offer buyers with various funding choices throughout the blockchain asset spectrum, encompassing startup fairness, early-stage tokens, and liquid tokens.

The brand new fund has established a minimal funding threshold of $1 million for certified buyers, and the primary shut is scheduled for April 1, 2025. 

Insiders aware of the matter have indicated that Pantera Fund V is anticipated to succeed in the same measurement as its predecessor, which efficiently amassed roughly $1.25 billion in capital two years in the past.

TON
The every day chart exhibits TON’s value trending upwards. Supply: TONUSD on TradingView.com

Following the disclosure of Pantera Capital’s funding in The Open Community, the value of TON skilled a notable 9% surge on Thursday, reaching a present buying and selling value of $5.09. This improve comes after a major value decline, with TON dropping as little as $4.6 after reaching its all-time excessive (ATH) of $7.65 in mid-April.

Featured picture from Shutterstock, chart from TradingView.com 

Disclaimer: The article is supplied for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding choices. Use data supplied on this web site fully at your individual threat.