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DeFi

CryptoAutos Integrates Hedera for Luxury Car Purchases

by Ouess
written by Ouess

CryptoAutos, the first crypto-powered luxury car marketplace, has integrated with Hedera Hashgraph (HBAR). This partnership enhances the platform’s ability to provide secure, fast, and low-cost cryptocurrency transactions for purchasing high-end vehicles.

How Hedera Boosts CryptoAutos

Hedera brings advanced blockchain features to CryptoAutos, such as:

  • Near-zero transaction fees
  • Instant payment settlements
  • High reliability

These benefits ensure a smooth, trustworthy experience for buyers and dealers alike. With over 20,000 cars listed from 600 global dealerships, CryptoAutos offers Ferraris, Porsches, and more, making luxury car purchases accessible worldwide.

Purchase Cars Using Top Cryptocurrencies

Buyers on CryptoAutos can pay with Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and other cryptocurrencies. This bypasses traditional banking barriers, streamlining the payment process. Comprehensive guides are also available to help users navigate crypto-based car purchases.

Launch of the AUTOS Token

CryptoAutos recently launched its native token, AUTOS, through a Token Generation Event (TGE) on December 3, 2024. Hosted on Ethereum, the TGE released 110 million tokens, raising $4.57 million within five hours.

The token offers multiple utilities:

  • Staking and governance features
  • Loyalty rewards and discounts for users
  • Dealer advertising solutions
  • Gold membership perks

Participants in the TGE were also entered into a contest to win a Lamborghini Urus. The event reflects CryptoAutos’ commitment to decentralization and community-focused innovation.

CryptoAutos’ Achievements and Future Plans

To date, CryptoAutos has generated $58 million in revenue and completed groundbreaking transactions, such as the first car sale using Toncoin (TON). The platform’s transparent and inclusive approach sets a new standard for token launches, prioritizing equal access and sustainable growth.

With $750,000 USDT secured for liquidity and plans to expand its ecosystem, CryptoAutos is reshaping luxury car ownership in the digital age.

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Altcoin

Altcoin ETFs Could Revolutionize Crypto in 2025

by Ouess
written by Ouess

The cryptocurrency market may enter a new era as altcoin-related exchange-traded funds (ETFs) await SEC approval. According to Bloomberg senior ETF analyst Eric Balchunas, this could make the crypto landscape “pretty wild” if no major setbacks occur.

14 Altcoin ETFs Await Approval

Currently, 14 altcoin-focused ETFs are under review by the US Securities and Exchange Commission (SEC). These include funds tied to Solana (SOL), XRP, Hedera (HBAR), Litecoin (LTC), and mixed baskets featuring Bitcoin (BTC) and Ethereum (ETH).

Balchunas predicts the number of altcoin ETF applications will triple in the coming months, indicating growing interest in expanding crypto investment options.

Optimism Following Trump’s Election Victory

The US election results have created a favorable environment for crypto ETFs. Nate Geraci, CEO of ETF Store, speculated that spot crypto ETFs might soon hit the market, stating:

Since his prediction, three new ETFs have been filed. Canary Capital submitted a Hedera (HBAR) ETF on November 12, Bitwise registered a Solana (SOL) trust on November 21, and NYSE filed for a Bitcoin-Ethereum mixed ETF just days later.

Solana ETFs Show Long-Term Promise

Bloomberg ETF analyst James Seyffart expressed optimism about Solana-related ETFs, expecting SEC approval within two years. However, he noted the risk of delays, referencing the SEC’s decision to block Solana ETFs from VanEck and 21Shares earlier this year.

Litecoin ETF Likely to Gain Approval

Litecoin’s ETF, filed by Canary Capital, may have a better chance of approval. According to Alex Thorn, head of research at Galaxy Digital, Litecoin’s fair launch—lacking a pre-mine or token sale—positions it favorably with regulators. Thorn believes the SEC is unlikely to classify LTC as a security.

Crypto ETFs Could Reshape the Market

If approved, these altcoin ETFs could revolutionize crypto investing, attracting both institutional and retail investors. However, regulatory hurdles remain a critical factor in determining their success.

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Altcoin

Hedera (HBAR) Eyes $0.10 After Breaking Key Resistance

by Ouess
written by Ouess

Hedera (HBAR) has gained momentum, climbing 60% in recent weeks and crossing its 200-day EMA. Currently trading at $0.068, the bulls are now testing the crucial $0.069 resistance, aiming for a rally toward the $0.10 mark.

HBAR Continues Bullish Momentum Despite Bitcoin Pullback

Despite Bitcoin’s recent dip near $88,200, HBAR remains strong, increasing by 14% in the past 24 hours. With a market cap surpassing $2.5 billion, the altcoin shows promising signs of further growth. Can this bullish trend push HBAR to its psychological target of $0.10?

https://twitter.com/AltcoinDailyio/status/1856394952009302088

HBAR Price Analysis: Uptrend Gathers Strength

HBAR’s price has rebounded from a low of $0.04159 with a sharp V-shaped reversal. The trend gained traction following a Morning Star pattern on November 5, sparking a 10.92% surge. HBAR is now trading at $0.068, showing clear signs of a bullish reversal.

The rally has also broken through a significant resistance trend line, indicating a change in market dynamics. From its recent low, HBAR has climbed 64%, surpassing the key resistance level of $0.064 and now challenging the 38.20% Fibonacci retracement level at $0.069.

Technical Indicators Signal Bullish Continuation

With rising buying pressure, the 50-day, 100-day, and 200-day EMAs have all turned bullish. The 50-day EMA is on track to cross above the 100-day EMA, suggesting a continuation of the uptrend.

In addition, the MACD indicator shows a strong bullish crossover, with positive histograms supporting the upward momentum. These technical signals suggest HBAR is well-positioned for further gains.

Will HBAR Price Hit $0.10?

A decisive breakout above $0.069 would open the door for HBAR to climb higher. The next resistance level, according to Fibonacci retracement, lies around $0.094 (68.10% level). If this rally continues, HBAR could challenge the $0.10 psychological mark, a key target for traders.

On the downside, crucial support levels are at $0.064 and $0.056. A drop below these could signal a potential pullback, but for now, the bullish indicators remain strong.

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DeFi

First US HBAR Trust Launch Sparks Hedera ETF Speculation

by Ouess
written by Ouess

The recent launch of the first US HBAR Trust has sparked speculation about the potential introduction of a Hedera ETF. This buzz comes amid rising conversations about similar developments for Solana and XRP, following the launch of Bitcoin and Ethereum Spot ETFs in the US.

Canary Capital Rolls Out First US HBAR Trust

Canary Capital, led by Steven McClurg, announced the launch of the first US HBAR Trust, offering institutional investors a chance to invest in Hedera’s native cryptocurrency, HBAR. This move reflects the growing institutional demand for crypto investment products and further highlights Wall Street’s increasing interest in major altcoins like Bitcoin and HBAR.

The launch also positions US institutions to tap into Hedera’s scalable distributed ledger technology. As a direct investment tool, the Trust opens doors to broader institutional adoption and has sparked speculation that an ETF could be the next logical step. McClurg, who co-founded Valkyrie Funds and helped launch the Bitcoin ETF, expressed optimism about the growing demand for innovative crypto solutions tailored for institutional investors.

Growing Hopes for a Hedera ETF

Hedera’s reputation as an enterprise-grade blockchain is attracting attention from investors, particularly for its utility in asset tokenization, NFTs, and Web3 applications. The launch of the HBAR Trust is seen as a key milestone, fueling optimism that a Hedera ETF could be on the horizon.

The broader crypto market has already seen discussions about ETFs for Solana and XRP, especially after Grayscale’s XRP Trust launch. These developments suggest that Hedera may soon follow suit as interest in crypto ETFs grows.

Despite the exciting news, HBAR’s price saw a 6% dip today, aligning with a market-wide downturn. Trading volume increased by 10% to $56.67 million, as concerns over a shrinking US economy added pressure to the crypto market.

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Altcoin

Hedera Network Surpasses 60 Billion Transactions Milestone

by Ouess
written by Ouess

Hedera Network, a leading proof-of-stake blockchain, has recently reached an impressive milestone by surpassing 60 billion transactions on its mainnet.

The network celebrated this achievement by thanking its community of developers, enterprises, and users for their continued support and belief in Hedera.

Growing Influence in Distributed Ledger Technology

This milestone marks a significant step for Hedera, reinforcing its growing influence and reliability in the world of distributed ledger technology (DLT). Hedera Network is renowned for its scalability, security, and efficient transaction processing, all of which have contributed to its standing as a leader in the blockchain space.

The Role of Hashgraph in Hedera’s Success

Central to Hedera’s success is its unique consensus mechanism, Hashgraph. This technology has enabled Hedera to achieve unmatched speed, scalability, and security, making it a preferred choice among enterprises, developers, and users worldwide. Additionally, Hedera’s reputation for reliable performance in building and deploying decentralized applications (dApps) has further solidified its position as a leader in the industry.

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DeFi

World’s First Hedera (HBAR) ETP Launches, Driving 6% Price Surge

by Ouess
written by Ouess

In a groundbreaking move, DeFi Technologies’ subsidiary Valour Inc. has teamed up with The Hashgraph Association to launch the world’s first Valour Hedera (HBAR) ETP (Exchange Traded Product). The launch took place during the closing bell ceremony at the Frankfurt Stock Exchange on June 18, marking a significant milestone in the cryptocurrency industry.

Global Impact and Market Reaction

The introduction of the HBAR ETP has generated significant global interest, following the trend set by BTC and ETH ETPs. In response to the announcement, Hedera’s (HBAR) price surged by nearly 6%, highlighting the market’s enthusiasm for this new investment vehicle.

Understanding the Hedera (HBAR) ETP

The Valour Hedera (HBAR) ETP was unveiled at Börse Frankfurt, a leading German crypto exchange. This ETP offers investors direct exposure to the HBAR cryptocurrency, providing a simplified and secure way to invest in the future of enterprise blockchain technology.

Elaine Buehler, Product Head at Valour, highlighted the significance of this launch, stating, “This product simplifies the process, enabling investors to participate in the future of enterprise blockchain technology with unprecedented ease and security.”

Stefan Deiss, Co-Founder and Board Director of The Hashgraph Association, expressed his satisfaction with the collaboration, emphasizing the goal of attracting institutional investors to Web3 and offering innovative investment opportunities for portfolio diversification.

HBAR Price Surge

Following the announcement, HBAR’s price increased by 6.10%, reaching $0.08159. The token’s 24-hour low was $0.07359, with a high of $0.08186. This price movement is reminiscent of the substantial rallies seen with Bitcoin ETPs, though Ethereum has yet to experience a similar shift despite ETF approvals.

Future Prospects

The introduction of the HBAR ETP has sparked investor interest and speculation regarding HBAR’s future performance. Although the Relative Strength Index (RSI) hovered near 34, indicating potential downside pressure, entering oversold territory could lead to a stronger price action for HBAR. The ETP launch is expected to attract substantial investment, potentially leading to an optimistic price trend in the near future.

Conclusion

The launch of the world’s first Hedera (HBAR) ETP by Valour Inc. and The Hashgraph Association marks a significant development in the crypto space. This innovative product not only provides a new investment opportunity but also highlights the growing interest in blockchain technology and digital assets.

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