PlanB Reveals Bitcoin Price Forecast: When Can BTC Break $1 Million?

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The crypto analyst PlanB revealed that the Bitcoin price forecast is extremely optimistic. Check out what he had to say about the king coin.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,783.

Bitcoin price prediction is out

In a new video, the analyst updates BTC’s stock-to-flow ratio. Just to refresh your memory, this is typically used to forecast the future price of scarce commodities.

The ratio is essentially calculated by dividing the amount of BTC in circulation by the amount of Bitcoin mined per year.

PlanB has maintained two stock-to-flow models – these had some different small variations and said both models have remained intact.

He also made sure to address the fact that Bitcoin will see its coming halving, which will reduce the amount of new supply entering the market in about a year, as the key catalyst that will spark an explosive BTC bull run.

PlanB explained both of his stock-to-flow models show BTC’s next top will likely be in the $100,000 to $1,000,000 range.

“My forward guidance for the next three years is that the 2024 halving is coming… and the halving increases scarcity [and] pumps the Bitcoin price, just like it did last three halvings.”

He continued and said this: “That yellow square is where it’s all about because those are the 2025 ranges that I gave.”

He concluded by saying this:

“And I said it will be higher than $100,000, which is the bottom end of the bandwidth. But in fact, I guess it will be between $100,000 and $1 million. And the stock-to-flow model is indicating $500,000.”

More predictions are saying that BTC will see a parabolic rise in price.

It’s been just revealed that a crypto strategist who nailed Bitcoin’s May 2021 collapse says that a steep rally could be on the horizon for BTC.

Pseudonymous analyst Dave the Wave said not too long ago that Bitcoin could be mirroring its early 2019 price action when the king crypto surged from below $4,000 to about $14,000 in a few months.

Check out the previous article in order to learn more details about this.

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Institutional Investors Make Big Crypto Moves

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According to the latest reports, it seems that institutions are making significant crypto moves these days. Check out the latest reports about all this below.

Institutions make big crypto moves in 2023

Accoridng to the latest reports coming from the online pubcalition the Daily Hodl, it seems that the digital assets manager CoinShares says large institutional investment digital asset products saw the biggest outflows of the year last week.

In its latest Digital Asset Fund Flows Weekly Report, CoinShares noted the fact that institutional digital asset investment products suffered huge outflows in the middle of last week but that the mood had improved by the end of the period.

“Digital asset investment products saw outflows totaling US$32m last week, the largest since late December 2022. Mid-way through last week the outflows were much higher at US$62m, but sentiment improved by Friday with inflows of US$30m.”

Per usual, Bitcoin (BTC) products took the heaviest hit of outflows. Meanwhile, short-Bitcoin products enjoyed inflows.

Short-BTC products have enjoyed the second-most year-to-date inflows, only behind long-BTC products.

“Bitcoin bore the brunt of the negative sentiment, seeing nearly US$25m of outflows, while short-bitcoin investment products saw inflows of US$3.7m and has seen some of the largest inflows YTD of US$38m, second only to Bitcoin with US$158m.”

Parabolic BTC rally is around the corner

It’s been revealed that a crypto strategist who nailed Bitcoin’s May 2021 collapse says that a steep rally could be on the horizon for BTC.

Pseudonymous analyst Dave the Wave said not too long ago that Bitcoin could be mirroring its early 2019 price action when the king crypto surged from below $4,000 to about $14,000 in a few months.

“A BTC risk to the upside. Number can get big fast…”

It’s also worth noting the fact that looking at the long-term upside potential of Bitcoin, Dave the Wave uses Elliott Wave theory to forecast a new Bitcoin all-time high at $150,000 sometime in early 2025.

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Bitcoin New Targets Are Out: $70k And $100k – New Predictions About Supply Crunch

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There are all kinds of price predicitons for the most important digital asset out there. Check out the latest reports about the supply crunch as well below.

Bitcoin price target is out

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,759.

It’s been just revealed the fact that in a new live stream discussion with CTO Larsson, the pseudonymous host of InvestAnswers known as James says Bitcoin is easily on its way to above the $40,000 levels.

“If we get to $42,000, considering how fast we got to $25,000, getting to $30,000 is now in the bag, you could say. I don’t want to sound overly bullish, but you showed it on the chart – I call it the airgap – there’s nothing there. There are no cell walls when you shoot up to that level. So we’ll get up to $30,000 really quickly.”

The same analyst reported the following fact:

“And what that will do, and I’ve seen this happen – I think I spoke about it, too, recently – I’ve got friends who have been listening to me for 5-6 years, and a ton of them started buying Bitcoin in November and December. And they’ve never bought crypto or Bitcoin before in their very lives. And some people are allocating Bitcoin.”

He continued and said this: “And then you have the legacy veterans who have been in the market a long time who are kind of out of the market, they aren’t buying, they’re waiting for that very very low bottom.”

He explained the fact that if we do shoot to, say, $30,000, “that’s going to drive the next generation of FOMO (fear of missing out) followers into the space and buyers who didn’t buy during the big dip we had between June and November. So I think it could be a crazy time.”

The same analyst also made sure to address some of his more optimistic price targets for Bitcoin leading into the next halving, slated for March of 2024. These are $70k and $100k.

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Morgan Creek’s Mark Yusko About The Future of Crypto Exchanges; BTC Bull Run Is Imminent

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The future of crypto exchanges is being discussed these days by Mark Yusko. Check out what interesting issues are being addressed about the matter, and also take a look at interesting optimistic Bitcoin predicitons below.

Future of crypto exchanges and the price of BTC

According to the latest reports that have been revealed by the online publication the Daily Hodl, it seems that the Morgan Creek Capital CIO Mark Yusko weighs in on the future of crypto and whether the industry will remain dependent on centralized exchanges.

In a new interview, Yusko said that a time will come when the crypto space will become more decentralized.

“There is a day in the future where exchanges are less necessary, when we can have a pure DeFi [decentralized finance] or a pure Bitcoin world. We’re not there, not even close, but someday. In the interim, we need some viable exchanges.”

Looking at Bitcoin (BTC), Yusko says the king crypto continues to show strength despite industry headwinds, including the high-profile collapse of FTX.

“Bitcoin is up 10% since we talked last week. It’s up 13% in the past month and it’s up meaningfully from the bottom kind of 50% from the bottom post-FTX, so massive resilience.”

It’s also worth noting the fact that he also addressed the anticipation for the next Bitcoin bull run.

Yusko says many are not ready to see BTC breach the six-digit mark. At the moment of writing this article, BTC is trading just a bit below $25k.

Bitcoin massive rally is around the corner

It’s been revealed that a crypto strategist who nailed Bitcoin’s May 2021 collapse says that a steep rally could be on the horizon for BTC.

Pseudonymous analyst Dave the Wave said not too long ago that Bitcoin could be mirroring its early 2019 price action when the king crypto surged from below $4,000 to about $14,000 in a few months.

“A BTC risk to the upside. Number can get big fast…”

The post Morgan Creek’s Mark Yusko About The Future of Crypto Exchanges; BTC Bull Run Is Imminent first appeared on CryptoGazette – Cryptocurrency News.

Analyst Benjamin Cowen: 2023 Bitcoin Forecast; Key On-Chain Indicator Sets The Path For BTC Price

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The important crypto analyst Benjamin Cowen is addressing the 2023 Bitcoin forecast. At the moment of writing this article, BTC is trading in the green, and the king coin is priced just a bit below $25k. Check out the latest optimistic predicitons about the king coin below.

Bitcoin price predicitons are out for 2023

According to the latest reports coming from the online pubcalition the Daily Hodl, the MVRV Z-score pulls out the extremes in the data between market value and realized value to attempt to identify long-term trend reversals.

Cowen explained the fact that based on the on-chain metric’s historical movements, BTC could theoretically consolidate in a range at least until 2024 before a sustained bull market rally.

“I would argue that what you’re most likely going to see this year is a recovery year, where you spend about half the time moving higher, and half the time moving lower. You can break that up in different months, so you know 2018, 2014, 2022, we had like eight or nine red months, but in the recovery years, it’s split more or less half and half.”

Cowen continued and explained the following:

“And I think you’re likely going to see the MVRV Z-score score do something like that, where it comes back above the zero line like it is right now, and eventually, it probably comes back below it again. And we just spend some time consolidating.”

Bitcoin massive rally is around the corner

It’s been revealed that a crypto strategist who nailed Bitcoin’s May 2021 collapse says that a steep rally could be on the horizon for BTC.

Pseudonymous analyst Dave the Wave said not too long ago that Bitcoin could be mirroring its early 2019 price action when the king crypto surged from below $4,000 to about $14,000 in a few months.

“A BTC risk to the upside. Number can get big fast…” Check out our previous article in order to learn more details about this.

The post Analyst Benjamin Cowen: 2023 Bitcoin Forecast; Key On-Chain Indicator Sets The Path For BTC Price first appeared on CryptoGazette – Cryptocurrency News.

Parabolic BTC Rally Is Coming – Here’s Where BTC Can Go

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There are a lot of optimistic predicitons about the price of Bitcoin these days. Check out the latest ones below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,932.

Bitcoin massive rally is around the corner

It’s been revealed that a crypto strategist who nailed Bitcoin’s May 2021 collapse says that a steep rally could be on the horizon for BTC.

Pseudonymous analyst Dave the Wave said not too long ago that Bitcoin could be mirroring its early 2019 price action when the king crypto surged from below $4,000 to about $14,000 in a few months.

“A BTC risk to the upside. Number can get big fast…”

It’s also worth noting the fact that looking at the long-term upside potential of Bitcoin, Dave the Wave uses Elliott Wave theory to forecast a new Bitcoin all-time high at $150,000 sometime in early 2025.

“With a maturing BTC market, why not a classic impulse wave up within the LGC [logarithmic growth curve]?”

A popular crypto analyst just unveiled his long-term target for Bitcoin’s current cycle.

The pseudonymous trader, whose alter ego is Filbfilb, said recently that his target for the top cryptocurrency is now $180,000.

The analyst points to Bitcoin’s halving, which is now about a year away, as the key catalyst.

The halving, which happens every four years, will reduce the amount of new BTC entering the market from 6.25 Bitcoin per block to 3.125 Bitcoin per block.

The tightening of supply has historically coincided with major moves in Bitcoin’s price, and the trader believes this time will be no different.

“Bitcoin halving is due for March 2024. If history is anything to go off then you have 18 months absolute max to get your shit together before we start doing all sorts of crazy stuff above the all-time high again.”

There are all kinds of optimistic prediciotns about the price of BTC these days, and they will probably continue.

The post Parabolic BTC Rally Is Coming – Here’s Where BTC Can Go first appeared on CryptoGazette – Cryptocurrency News.

YouTube’s New CEO Is A Fan Of NFTs

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It’s been just reported that YouTube’s new CEO is a fan of NFTs. Check out the latest reports coming from the online pubcalition Blockworks.

YouTube CEO is NFT fan

According to the latest reports, it seems that crypto fans have another reason to be hopeful of Web2 giants going Web3: YouTube has a new chief executive officer who once floated integrating NFTs into the video sharing platform.

Susan Wojcicki, YouTube’s long-serving CEO and one of its earliest employees, stepped down last week, ending her 25-year-long stint at the Google subsidiary.

She has been replaced by Indian-American tech executive Neal Mohan. Accoridng to the official reports, it seems that he joined Google in 2008 and became a senior executive in the company’s display and video advertising business.

“Mohan, an engineering graduate from Stanford University, was appointed chief product officer at YouTube in 2015. He was instrumental in building some of the platform’s biggest projects including YouTube TV, YouTube Music and Premium.”

He was once offered the role of chief product officer at Twitter, but it’s been reported that he turned that down after Google put forth a counteroffer of $100 million so he would stay, TechCrunch reported in 2011.

“He has a wonderful sense for our product, our business, our creator and user communities, and our employees. Neal will be a terrific leader for YouTube,” Wojcicki said in a blog announcing her departure.

Someone commented: “I’ve been legitimately happy seeing YouTube mature under your watch at CPO. There have been a lot of good developments with you in that position. For the sake of all creators, I wish you all the best in leading YouTube on its path forward.”

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Sony Eyes Investment in Web3 Projects Worldwide

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According to the latest reports, it’s been revealed that Sony is eyeing new Web3 project investments. Check out the latest reports about all this below.

Sony eyes Web3 projects worldwide

The popular online publication Blockworks notes the fact that Sony Group’s internet services division is offering a Web3 incubation program in partnership with multi-chain decentralized app (dapp) hub Astar Network.

“The program will be jointly hosted by Singapore-based Startale Labs, a company led by Astar’s CEO Sota Watanabe, and will run from mid-March to mid-June. Startale Labs is a developer of dapps and other infrastructure like wallets.”

In April last year, Sony Network Communications launched a Singapore-based business to explore NFT-related development outsourcing and consulting.

The same publication notes the following fact:

“The three-month incubation program will begin accepting applications on Feb. 17 and close on March 6. Most of the program will be conducted online, with communication about mentoring and Web3 sessions on Slack.”

It’s also worth noting the fact that the demo day will be in person at Sony Group’s headquarters in Tokyo during Japan Blockchain Week in mid-June.

In other recent news, there are various optimistic predictions about the price of Bitcoin these days.

Bitcoin’s massive rally is around the corner

It’s been revealed that a crypto strategist who nailed Bitcoin’s May 2021 collapse says that a steep rally could be on the horizon for BTC.

Pseudonymous analyst Dave the Wave said not too long ago that Bitcoin could be mirroring its early 2019 price action when the king crypto surged from below $4,000 to about $14,000 in a few months.

“A BTC risk to the upside. Number can get big fast…”

It’s also worth noting the fact that looking at the long-term upside potential of Bitcoin, Dave the Wave uses Elliott Wave theory to forecast a new Bitcoin all-time high at $150,000 sometime in early 2025.

“With a maturing BTC market, why not a classic impulse wave up within the LGC [logarithmic growth curve]?”

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Binance Is Likely To Pay fines In US Over Regulatory Probes, New WSJ Reports Say

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Accoridng to the latest reports, it seems that Binance will probably pay fines in the US over regulatory probes. Check out the latest reports about all this below.

Binance is likely to pay fines in the US

Accoridng to the latest reports coming from the online publication Blockworks, Binance is expecting to pay fines related to its business in the US following investigations by regulators over affiliations with two trading firms and its CEO Changpeng Zhao.

A Securities and Exchange Commission probe is seeking to determine the relationship between Zhao, Sigma Chain AG and Merit Peak — two market makers acting on behalf of Binance’s US affiliate.

Speaking with the Wall Street Journal on Wednesday, Binance’s chief strategy officer, Patrick Hillmann, made sure to say the fact that the exchange is working with regulators to determine the appropriate remedial measures necessary to make amends.

According to the same notes, it’s been revealed the fact that the outcome of these discussions will “likely” result in a financial penalty. The publication also talks about the possibility of further action to be determined by the regulatory authorities, Hillman said.

They are also addressing a key focus area, and the fact that regulators are scrutinizing Binance.US over its disclosure to clients with regard to its connection to the firms, according to a separate WSJ report on Wednesday. We suggest that you check out the complete original article in order to learn more details about this.

In other recent news, Binance’s BNB Chain seems primed to remain competitive this year, and this is happening after facing down the 2022’s year’s headwinds, says the crypto analytics firm Messari. Check out the latest reports about the issue below.

Messari research analyst James Trautman noted in a new analysis that the non-fungible token (NFT) sector of the BNB Chain had a “breakout year” in 2022.

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Cardano Sees Massive Spike In Whale Activity

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According to the latest reports, it seems that Cardano is seeing a massive spike in whale activity. Check out the latest reports about this below.

Cardano sees massive spike in whale activity

It’s been just reported that the analytics platform Santiment says whale activity is soaring on the Cardano (ADA) blockchain as the token continues to consolidate.

Santiment said that a spike in Cardano whale activity started at the beginning of the month with daily transactions increasing by more than 460% compared to the previous month.

“The amount of whale transactions happening on the ADA has seen a massive since the start of February. There is suddenly an average of approximately 1,700 transactions per day valued at $100,000 or more. This is an enormous uptick from the approximate 300 $100,000+ transactions per day that were happening throughout January.”

It’s been also reported the fact that Santiment said that key Cardano stakeholders are heavily accumulating the eighth-largest crypto by market cap.

“Since the FTX collapse on November 9th, whale and shark addresses holding 10,000 to 10 million ADA have accumulated 659.53 million ADA, which equates to $235.5 million. This turnaround coming from the key stakeholders of Cardano is a nice sign.”

SEC regulations and effects revealed

An executive at the largest Ethereum (ETH) staking service is reportedly outlining some of the potential consequences of upcoming US regulatory decisions on the heels of recent crackdowns on the crypto industry.

Jacob Blish, the head of business development and partnerships at Lido DAO (LDO), told Bloomberg in a new interview that the U.S. Securities and Exchange Commission’s (SEC) recent shutdown of Kraken’s staking program could actually benefit staking services like Lido’s.

“I have been getting a lot more questions about ‘Does this impact Lido? What are your thoughts on this?’ I personally think this is a net benefit for on-chain permissionless liquid staking or staking providers, but it really depends on what the final resolution is.”

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CoinSlotty.com Unveils Bagfuls of Golden Coins to Celebrate 100 Affiliate Milestone

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Stable Tech N.V. announces the very first major milestone achieved by their flagship online crypto casino, CoinSlotty.com, celebrating the significant feat of 100 affiliate deals.

To commemorate the memorable success, the Curacao-based iGaming operator has opted to gift each partner with a bag of gold chocolate coins. These tongue-in-cheek gifts bring together the symbolism of cryptocurrency coins and an ambitious message wishing CoinSlotty’s affiliate partners literal “bags of gold”, bringing forward the intention of success and good fortune in their undertakings.

According to the company’s press statement on BusinessInsider.com, the 100 gift packages will leave for their respective destinations at the beginning of this month, with some of the boxes being distributed in London during this year’s ICE conference.

The Backstory of CoinSlotty’s Affiliate Reward Campaign

CoinSlotty’s inception may have been a few scant months ago, but they’ve been keeping busy since their inception in November 2022. To date, the team has brought on a good number of major crypto-exclusive affiliate partners.

Now that they’ve hit the big 100, Stable Tech N.V. is showing their appreciation with a gorgeous gift box consisting of a made-to-order medieval-style coin pouch, hand-painted golden chocolate coins, and an Apple AirTag with a UV-print of a CoinSlotty logo on it.

Cool Beans, but Tell Us More

Let’s start from the outside in, just like if we were unwrapping CoinSlotty’s gifts for ourselves.

Each CoinSlotty gift box starts like this:

At first glance, it’s a sleek, matte black box sealed with a purple ribbon complementing the brand’s signature colors. The box itself is made out of recycled materials and custom ordered to fit its contents, with magnets installed to keep it shut until it’s deliberately opened – it wouldn’t do to have what’s in the box spilling out prematurely.

Open the box and you’ll find an Apple AirTag fitted with a black carabiner nestled into a special foam compartment within. The device isn’t just any old AirTag, by the way. The team spent some time thinking about how to best represent the product and the CoinSlotty logo, testing laser engraving and UV printing before settling on the latter.

Each AirTag is nested within a custom sponge mold, then attached to a black Belkin carabiner featuring a nifty snap-and-lock design that keeps the device in place. These holders are durable and easy to attach to pretty much anything you’d put an accessory on, thanks to the convenient, sturdy, and secure metal loop and spring-loaded gate that comes with every Belkin carabiner.

That’s not all, though – the Belkin Secure Holder has raised edges and an open design to protect the AirTag from any dings and scratches while still allowing both sides of the device to be visible, showcasing each user’s personal touch if they’ve done any customization.

Alright, enough about the tech. Let’s get to the most important part of the gift package, also known as where the tidbits are kept.

Every CoinSlotty box contains a medieval-themed leather coin pouch which in turn contains a handful of golden chocolate coins. The pouches come from the small city of Samobor, Croatia, where a skilled leatherworker specializing in cowhide products and restorations has worked their magic to bring beautifully handmade leather to the hands of each CoinSlotty affiliate.

These rustic leather pouches were made using heavy-duty scissors, leatherworking machinery, and three different types of materials: synthetic leather, cowhide, and a golden string to cinch them shut. Each bag can hold around 45 coins and takes the team an hour to make, measuring about 32 cm in diameter and weighing almost 100 grams.

The golden chocolate coins are nothing to scoff at either – CoinSlotty has spared no expense in commissioning one of Croatia’s best-recognized artisan chocolate makers, the Croatian Choco Concept in the creation of the campaign’s signature items.

Based in the picturesque coastal city of Opatija, they have been creating chocolatey masterpieces since 2011. Their chocolatiers have been in the industry for decades, and they are behind some of Croatia’s signature chocolate projects such as the Baška Tablet and Molecular Chocolates.

To create these tasty morsels, a 3D design was first made to estimate the dimensions of the coins needed for the project, after which a custom silicone mold was made to begin the process of creating the delicious bespoke chocolate. Each 40% cocoa Belgium chocolate coin is hand-brushed with edible gold paint for a consistent look, and the coins are made to represent a 1 oz gold coin measuring 44 mm in diameter and 5 mm in height, weighing about 10 grams.

More to Come from CoinSlotty

This affiliate partner gift campaign sure is memorable, and the CoinSlotty team has more up their sleeve. We got in touch with their marketing team to find out more about what they have in store, and this is what we got:

According to John, their marketing lead, “The core goal of the brand is to become the community’s #1 online crypto casino. To get to that spot, we aim to establish our presence on all of the crypto-related forums, with BitcoinTalk.com being our first

step.“

One of the largest blockchain platforms on the internet, the BitcoinTalk community has been operating since 2009 when the original Bitcoin developer, Satoshi Nakamoto first created it. Bitcointalk.org is a key source of information for anything related to blockchain, cryptocurrency, and Bitcoin, and most new cryptocurrency projects announce relevant details like important upgrades and events on the site.

Any crypto project worth its salt will make a stop at the forum at some point, and CoinSlotty is no different. We checked the forum and they have already partnered with several established members of the forum, with their ANN thread being up and running for several weeks by now.

CoinSlotty is also building a media empire by establishing themselves on Twitch and YouTube. Their goals involve replicating their success with the affiliate website industry and creating a list of 100 Twitch streamer partners, as well as creating a YouTube channel that will feature casino Twitch streamer highlights.

Further CoinSlotty.com Information

CoinSlotty.com was launched in November 2022, quickly gaining a foothold within the blockchain community as a community-driven online crypto casino where the blockchain community can feel at home. It is managed and operated by Stable Tech N.V. under the e-gaming license No. 8048/JAZ, issued by Antillephone.

As a project, CoinSlotty is authorized by the government of Curacao. All their games are certified as “provably fair” and are ISO/IEC 17025 compliant, with industry-standard payouts ranging between 95% and 98%.

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