Blog

Online gambling sector in Sweden will generate revenue of €2bn a year by 2027, according to new data

Sweden’s online gambling sector to hit €2bn/yr by 2027, driven by growing adoption of cryptocurrencies
Riksbank is wary of crypto’s role despite market growth
Cryptocurrencies are increasingly popular in Swedish online gambling sites

The online gambling sector in Sweden is poised for significant growth in the coming years, with projections indicating revenue reaching €2 billion annually by 2027.

This forecast underscores the robust expansion of the Swedish online gambling market, driven by evolving customer preferences and market dynamics.

Riksbank’s stance on cryptocurrencies

Despite the optimistic outlook for the online gambling sector, the Swedish central bank’s skepticism towards cryptocurrencies remains evident.

Riksbank Governor Erik Thedeen has expressed reluctance towards incorporating Bitcoin (BTC) and other cryptocurrencies into the country’s financial system.

Thedeen emphasizes the speculative nature of cryptocurrencies and the risks associated with their volatility, aligning with Sweden’s cautious regulatory approach in the crypto space.

Growing popularity of cryptocurrencies in online gambling

Despite the Riksbank’s stance, cryptocurrencies like Bitcoin are increasingly gaining traction as preferred methods of deposit and withdrawal among users of online gambling sites in Sweden.

This trend reflects the broader global adoption of crypto within the online gambling industry, offering users greater anonymity, security, and efficiency in transactions.

The Swedish gambling landscape

In Sweden, online gambling has become increasingly popular, with customers favoring the convenience and accessibility offered by digital platforms. The rise of smartphones and improved internet connectivity has facilitated this shift, allowing users to enjoy a wide range of casino games and betting options from the comfort of their homes or on the go.

Key trends in the Swedish online gambling market include the rising popularity of mobile gambling and the demand for live dealer games. Mobile gambling, in particular, has witnessed significant growth, driven by the widespread adoption of smartphones and mobile-friendly gambling platforms.

Additionally, live dealer games provide users with a more immersive and interactive experience, further enhancing the appeal of online gambling.

The Swedish gambling landscape is characterized by a well-regulated market overseen by the Swedish Gambling Authority (Spelinspektionen). This regulatory framework ensures consumer protection and responsible gambling practices, contributing to the market’s growth and stability.

Despite regulatory challenges and the Riksbank’s reservations about cryptocurrencies, an overview of the online casino sector in Sweden shows a projected expansion, driven by evolving consumer preferences and market dynamics.

According to recent data from Statista, revenue in the online gambling market is expected to reach €1.69 billion in 2024, with an annual growth rate of 6.20%. By 2028, the market volume is forecasted to surpass €2.15 billion, driven by the increasing number of users and their growing average revenue per user (ARPU).

The projected revenue growth of the Swedish online gambling sector underscores its significant contribution to the country’s economy.

Conclusion

The Swedish online gambling sector is experiencing robust growth, with revenue projections indicating substantial expansion in the coming years.

Despite regulatory challenges and the central bank’s skepticism towards cryptocurrencies, online gambling remains a thriving industry in Sweden, offering consumers a diverse range of gaming experiences and opportunities.

The post Online gambling sector in Sweden will generate revenue of €2bn a year by 2027, according to new data appeared first on CoinJournal.

Crypto bullish momentum fades as BitBot demand escalates

The cryptocurrency bull run has faded recently as many investors take profits and wait for the next catalyst. Bitcoin price has retreated from an all-time high of over $73,000 to $67,000. Similarly, Ethereum token has plunged from over $4,000 to $3,320.

As a result, the total market cap of all digital coins has dropped from almost $3 trillion to $2.6 trillion. Despite these challenges, BitBot has continued its bullish momentum as its token sale jumped to over $2 million.

Why crypto bull run has faded

There are two main reasons why the crypto bull run has faded in the past few weeks. First, there are signs that the much-anticipated rate cut by the Federal Reserve will not happen any time soon. This view was supported by Friday’s strong job numbers.

According to the Bureau of Labor Statistics (BLS), the American economy added over 303k jobs in March, higher than the median estimate of 212k. The economy has added jobs for 36 straight months, the longest winning streak in years.

The unemployment rate dropped to 3.8% while the average hourly earnings rose by 4.1%, down from 4.3% in the previous month. These numbers came a few days after the ISM said that the manufacturing PMI increased in March, the first time since 2022.

There are also signs that inflation slowdown has slowed in the past few months. The headline Consumer Price Index (CPI) stood at 3.1 in February while the core CPI remained at 3.8%. The core CPI is almost double the Fed target of 2.0%.

Therefore, Bitcoin and other cryptocurrencies have dropped because most investors expect that the Fed will not cut rates this year. Other analysts expect at least one cut, down from three or four when the year started. This also explains why stocks have tumbled this week.

BitBot token sale continues

Meanwhile, the BitBot token sale has continued this week as the developers raised over $2 million, meaning that there is strong demand. Its token sale has now moved to its stage 9.

For starters, BitBot is a company that is seeking to disrupt the financial and trading industry. The developers are building Telegram bots that will send signals to thousands of customers.

To be clear: Telegram bots are not new. It is a big industry with thousands of companies offering the service. A careful look at these platforms show that most of them are scams.

BitBot aims to change this by creating a genuinely honest trading bot powered by the blockchain technology. It will also be a decentralized bot, where token holders will make decisions about the network.

Token holders will also take part in revenue sharing, get exclusive access to its products, and the ability to mingle with the community and trading experts.

Therefore, unlike meme coins like MEME, Book of Meme, Bonk, and Samoyedcoin which have no utility, BitBot will have important use. This utility could help to stabilize its price even when there is a new crypto winter.

Still, there is no uncertainty that the BitBot token price will rise after being listed by major exchanges. As a result, it is always important to use risk management strategies to prevent substantial losses. You can buy the BitBot token here.

The post Crypto bullish momentum fades as BitBot demand escalates appeared first on CoinJournal.

Dogecoin rallies by 28% this week: Will other memecoins follow suit?

Key takeaways

Dogecoin is the best performer amongst the top 10 cryptocurrencies by market cap this week.

Bitcoin Dogs prepares to carry out the biggest NFT mint on Bitcoin following its presale.

DOGE tops $0.20 after this week’s rally

DOGE, the native coin of the Dogecoin ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap this week. The memecoin rallied by 28% over the last few days, outperforming other major cryptocurrencies/

At press time, the price of Dogecoin stands at $0.2093 as DOGE crosses this mark for the first time since December 2021. With Dogecoin rallying, other memecoins could follow suit. 

Shiba Inu and Pepe have all recorded decent gains in recent days and others could rally higher. 

What is Bitcoin Dogs?

Bitcoin Dogs is a project that is looking to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network.

According to their whitepaper, Bitcoin Dogs is set to offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.

Bitcoin Dogs has concluded its ICO and raised nearly $13.5 million. The team is now focused on rolling out its products and listing its token on cryptocurrency exchanges. 

The team announced earlier this week that it is preparing to launch the biggest NFT mint on the Bitcoin network. 

The project could also benefit from the upcoming Bitcoin halving event. The halving event could see BTC rally higher and could benefit projects on the Bitcoin network. With the right level of adoption, Bitcoin Dogs could set the trend that would allow the Bitcoin blockchain to compete with Ethereum and BNBChain in terms of ICOs.

Bitcoin Dogs prepares to list on crypto exchanges

The Bitcoin Dogs presale was concluded a few days ago and the project raised nearly $13.5 million. 

The team will only mint 900 million $0DOG tokens. Furthermore, investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem.

🚀 Brace yourselves, dawgs and degens! 🐾

Something BIG is brewing in the BitcoinDogs universe… 🌟

Get ready to witness history in the making with our upcoming NFT mint! 💎🔥 https://t.co/KsAXLUycsk pic.twitter.com/UPYfL41Ynt

— BitcoinDogsClub (@BitcoinDogsClub) March 27, 2024

In this spirit, Bitcoin Dogs is currently preparing for the biggest NFT mint on the Bitcoin network. The next step will also see its $0DOG token get listed on cryptocurrency exchanges. 

Click here to learn more about the recently concluded Bitcoin Dogs presale.

Should you buy the Bitcoin Dogs token once it is listed on exchanges?

The Bitcoin Dogs presale is now over, which means it is impossible to buy the $0DOG token from the official website. The team is preparing to list $0DOG on several crypto exchanges, allowing thousands of investors to have access to the project. 

The crypto market has been bullish since the start of the year and projects with utility like Bitcoin Dogs could record excellent gains in the medium to long term. With the right level of adoption, Bitcoin Dogs could be one of the tokens to soar higher. 

The post Dogecoin rallies by 28% this week: Will other memecoins follow suit? appeared first on CoinJournal.

$0DOG prediction: Bitcoin Dogs sets a new tone amid robust use cases and BTC link

Bitcoin Dogs token is set for listing as post-listing speculation gains mount.
Investors have been attracted by Bitcoin Dogs as the first ICO on the Bitcoin blockchain.
The token could rise to $1 amid speculation and use cases.

As Bitcoin Dogs ($0DOG) presale came to its ultimate halt on March 15, one thing was clear. The presale had exceeded expectations, raising nearly $13.5 million within a month. Investors were particularly interested in this token, being the first ICO on the Bitcoin blockchain. As such, predictions are rife that this token could surge strongly when it debuts on exchanges. Let’s dive in and explore the $0DOG potential as 100x predictions surface.

Bitcoin Dogs: A 100x potential token and the first Bitcoin ICO

As Bitcoin price hits levels about the 2021 record, attention has shifted to Bitcoin Dogs. Experts predict that as Bitcoin gains in value, Bitcoin Dogs will attract a positive sentiment. That’s partly because Bitcoin Dogs is the first-ever BRC-20 minted token. As such, investors looking for a share of the legacy Bitcoin network see Bitcoin Dogs as a sound alternative.

Being a Bitcoin-linked crypto token has won the hearts of Bitcoin Dogs backers. Bitcoin is the oldest blockchain and carries robust security features. This has allowed Bitcoin Dogs to ride the positive reception of Bitcoin and become a trailblazer in the presale. 

Besides, a lot of speculation remains in the crypto markets regarding Bitcoin developments in 2024. These include the approvals of the first spot Bitcoin ETFs earlier in the year and the halving event in April. The positive sentiment could flow into Bitcoin Dogs and help in its price discovery.

There is a lot to expect as Bitcoin Dogs eyes the next step in its budding life. That includes a listing on centralised exchanges (CEXs), scheduled for the first quarter. Owing to the strengths of Bitcoin Dogs in the presale, the listing will be met with a lot of token speculation. But Bitcoin Dogs has attracted attention with its exciting use cases. 

Biggest Bitcoin ordinals and Dogaverse experiences

Bitcoin Dogs spotlight seems to have also been inspired by its alluring NFT collection. This is a 10,000 unique and collectible tokens that would be available to $0DOG holders. And guess what? The collection will be the biggest Bitcoin ordinals NFT collection.

Users can curate and display their collectibles for sale within the Bitcoin Dogs NFT metaverse. Thanks to this feature, users have found a sound alternative to owning a piece of digital art. This comes even as Bitcoin NFTs gain popularity and Web 3.0 applications recover from the bear market lows. Bitcoin Dogs doesn’t stop there.

The platform features virtual interactions through its metaverse-themed Dogaverse. Fans are thrilled that virtual realities are fast gaining attention and Bitcoin Dogs is part of the transition. Once launched, $0DOG holders can immerse themselves in exciting experiences, opening up new opportunities. Fans can engage in dog training sessions, interact with fellow dog holders, and engage in competitions. As the metaverse ecosystem grows, the use case of $0DOG will be strengthened, boasting its price.

Bitcoin Dogs ($ODOG) prediction in 2024

A bullish crypto market, Bitcoin Dogs’ use cases, and its relationship to Bitcoin make the token attractive. This could allow $0DOG to surge wildly and claim a coveted 100x gain. Tokens that have attracted a lot of FOMO have risen and exceeded the margins in the past. 

With the presale’s starting price of $0.015, a possible 100x gain could see the token rise to above $1. Although speculative, favourable factors and investors buying the token on exchanges make the price realistic.

In the future, the price of Bitcoin Dogs will be pegged on its diverse use cases. The launch of the NFT marketplace and metaverse could see $ODOG deployed more in Web 3.0. Being the first Bitcoin ICO means Bitcoin Dogs will gain fast traction in the application areas. This will see the token continue increasing in value. 

The post $0DOG prediction: Bitcoin Dogs sets a new tone amid robust use cases and BTC link appeared first on CoinJournal.

Crypto price predictions: BitBot, Mantle, Bitcoin Cash

Cryptocurrencies were relatively mixed on Wednesday as investors waited for the next catalyst. Bitcoin remained above $70,000 as buyers attempt to retest its all-time high. Some of the other top-performing cryptocurrencies were Mantle (MNT), Sui, Bitcoin Cash, and SingularityNET (AGIX). This article provides a forecast for some of these coins like Bitcoin Cash, BitBot, and Mantle.

Bitcoin Cash price forecast

Bitcoin Cash (BCH) price has been in a strong uptrend in the past few months.  It rallied as investors wait for the upcoming halving event, which will reduce the number of block rewards.

This rebound gained steam on Wednesday as it crossed the important resistance level at $529.8, its highest swing on March 3rd.

Moving above this price was an important move since it invalidated the double-top pattern, which has been forming recentlt. The token has moved to the fourth resistance of the Woodie pivot point. 

It has jumped above all moving averages while the Relative Strength Index (RSI) has drifted upwards. Therefore, the outlook for the coin is highly bullish, with the next point to watch being at $600.

Mantle price prediction

Mantle token price continued rising on Wednesday, becoming one of the best-performing cryptocurrencies in the market. The token surged after the official $MNT lock-in period started, making it possible for rewards to be unlocked.

Mantle price formed a god candle as it surged to a high of $1.4890, its highest point on record. It also jumped above the second resistance of the Woodie pivot point. The coin also soared above the key resistance point at $1.10, its highest swing on March 11th.

Mantle has soared above the 50-day moving average while the Relative Strength Index (RSI) has moved above the neutral level. Therefore, the outlook for the MNT token is bullish, with the next point to watch being at $1.50. 

BitBot analysis

Unlike Mantle and Bitcoin Cash, BitBot is in a presale phase, where it is growing in popularity. The developers have now raised over $1.5 million in its token sale, making it one of the most successful token sales.

BitBot is a company that aims to change the crypto trading industry by creating an AI-trading bot that will be provided in Telegram. This is a major bot that will target over 900 million Telegram users from around the world.

In addition to its AI features, BitBot will have more unique features. It will have strong security features, advanced trading tools, and in-built data tools. Most importantly, it will be more secure by having self-custody features.

There are a few reasons why the BitBot token will do well. First, it has advanced artificial intelligence features. In most cases, AI-focused tokens like SingularityNET, Fetch AI, and Ocean Protocol are soaring.

Second, unlike other cryptocurrencies, it will have utility in the ecosystem. Some of these features will be revenue sharing and governance roles. Holders will also have an exclusive access to the platform. You can buy the BitBot token here.

The post Crypto price predictions: BitBot, Mantle, Bitcoin Cash appeared first on CoinJournal.

Injective, Litecoin price prediction as KangaMoon thrives

Injective (INJ) price has dropped below $40 and could struggle despite latest network developments.
Litecoin (LTC) could break above $100 and eye more upside amid ETF speculation. 
Elsewhere in the market, investors are aggressively buying KangaMoon (KANG).

Litecoin (LTC) is seeing some action amid increased news coverage while Injective (INJ) price sits at a crucial support level. The two cryptocurrencies are among those investors are watching as sentiment around Bitcoin paints a bullish picture for top altcoins.

Here’s the price prediction for Litecoin, Injective as well as a look at why interest in new crypto project KangaMoon (KANG) is skyrocketing.

Litecoin price prediction amid LTC news

Litecoin ranked among the top altcoins for a while before plunging off radar amid negative price action during the last bear market.

Now, as Bitcoin hoards all the headlines with a spike to a new all-time high, Litecoin price is slowly back into the shadows. A potential break into the spotlight may be on given fresh bullish sentiment.

Last week, Coinbase Derivatives moved the interest needle for LTC with its plans for listing Litecoin futures. The derivative product will go live on April 1. On Tuesday, the CFTC labeled LTC and ETH as commodities in its lawsuit against crypto exchange KuCoin.

There’s also speculation that institutions may be eyeing an LTC spot exchange-traded fund (ETF). The coin’s similarities to Bitcoin suggests the SEC could be open to this more than Ethereum.

While the ETF rumour is likely a long shot, a bullish outlook for Litecoin price comes into play if bulls break and strengthen above $100.

LTC jumped more than 10% late Tuesday to reach highs of $98.90.  If price breaches the immediate resistance line, it could retest the area near $130. New tailwinds at these levels could elevate LTC/USD to a multi-year high above $200.

Litecoin price chart. Source: TradingView

Injective price prediction

Injective (INJ) has been choppy since flipping lower from its all-time high of $52.60 on March 14. Currently, INJ trades around $38.35, down more than 5% in the past 24 hours.

INJ price is thus hovering near a key support line that has offered buyers a reload opportunity several times year-to-date. 

Latest weakness for Injective comes as investors weigh the impact that an indictment on KuCoin and two of its founders may have on the market.

The US Justice Department charged the two KuCoin execs with criminal violations and KCS price plummeted amid funds outflows.

However, Injective has seen significant network growth. Indeed, its Ionic Upgrade could be a big move as the network eyes more interoperability with Ethereum, Soland and other chains. A bullish flip may help bulls target a return to above $50 and potentially new all-time high.

If bulls fail to reclaim the upper hand, a retreat into ranged trading is possible with the $40-$35 the main boundaries. The upper range could be $45 while bears might fancy the $30 support level.

Injective price chart. Source: TradingView

KangaMoon outlook as presale accelerates

KangaMoon (KANG) is a new crypto token in presale. While it’s yet to hit the trading market, it’s attracting huge attention both for its innovative project and the potential for the native token KANG.

Driving KangaMoon is its innovative tokenomics that sees presale participants start earning KANG via various challenges and contests. The unique approach is possible because this is a meme coin project that combines SocialFi and play-to-earn.  

There’s potential for KangaMoon to grow into a top project in the P2E space, particularly with its rare NFTs and game battle arena adding to the excitement.

So far, the project has raised more than $2.8 million from early investors. The current stage 4 is nearly 40% sold out, with the price at a relatively bargain point of $0.014. The KANG value has increased from $0.005 in stage 1. 

When tokens launch on exchanges post-presale, KangaMoon could be one of those projects to explode.

Notably, those who join the presale now can enjoy a 10% bonus on all purchases. Buying options include USDC, USDT, SOL, BNB, ETH and BTC.

Check out the KangaMoon website for more details.

The post Injective, Litecoin price prediction as KangaMoon thrives appeared first on CoinJournal.

The most ChatGPT-addicted countries

Bhutan leads in the adoption of ChatGPT, with a notable 15.96% of the population using the technology.
Brunei follows with a significant 9.37% utilization rate of ChatGPT.
The UK ranks 34th and the US ranks 39th on the list.

In an era where digital communication has become a cornerstone of daily life, the utilization of AI-powered chatbots has surged, offering a myriad of applications from customer service to personal assistance.

Among these, ChatGPT stands out as a sophisticated conversational AI, captivating users worldwide with its natural language processing capabilities.

According to Coinjournal.net‘s analysis, the countries most addicted to using ChatGPT are:

Rank
Country
Percentage of population using ChatGPT

1
Bhutan
15.96

2
Brunei
9.37

3
Singapore
9.30

4
Estonia
8.35

5
Australia
7.56

6
Philippines
7.24

7
Mauritius
7.24

8
Costa Rica
6.60

9
Malta
6.49

10
Belize
6.47

11
Sri Lanka
5.94

12
Switzerland
5.85

13
New Zealand
5.82

14
Canada
5.67

15
United Arab Emirates
5.57

16
Peru
5.53

17
Brazil
5.41

18
Maldives
5.28

19
Qatar
5.07

20
Fiji
4.87

21
Denmark
4.77

22
Panama
4.67

23
Luxembourg
4.54

24
Uruguay
4.44

25
Lebanon
4.31

26
Portugal
4.27

27
Norway
4.14

28
Chile
4.02

29
France
4.02

30
El Salvador
3.92

31
Ireland
3.89

32
Netherlands
3.87

33
Lithuania
3.82

34
UK
3.69

35
Croatia
3.55

36
Iceland
3.46

37
Nepal
3.24

38
Ecuador
3.20

39
USA
3.15

40
Germany
3.12

41
Namibia
3.05

42
Austria
3.04

43
Belgium
3.03

44
Finland
2.92

45
Botswana
2.92

46
Malaysia
2.91

47
Slovenia
2.91

48
Colombia
2.88

49
Paraguay
2.85

50
Montenegro
2.79

51
Latvia
2.76

52
Israel
2.76

53
Hungary
2.76

54
Taiwan
2.70

55
Bolivia
2.65

56
Sweden
2.64

57
Czech Republic
2.63

58
Argentina
2.62

59
Cyprus
2.60

60
Ukraine
2.60

61
Italy
2.55

62
Greece
2.54

63
Hong Kong
2.48

64
Moldova
2.24

65
Spain
2.10

66
Trinidad And Tobago
2.10

67
Guyana
2.06

68
Indonesia
2.02

69
South Africa
1.99

70
Poland
1.96

71
Guatemala
1.94

72
Suriname
1.94

73
Bosnia And Herzegovina
1.73

74
Honduras
1.71

75
Serbia
1.71

76
Tunisia
1.70

77
India
1.64

78
Japan
1.62

79
Nicaragua
1.53

80
Romania
1.50

81
Albania
1.45

82
Jordan
1.43

83
Oman
1.40

84
North Macedonia
1.39

85
Pakistan
1.37

86
Kuwait
1.33

87
Mexico
1.32

88
Bulgaria
1.32

89
Dominican Republic
1.31

90
Morocco
1.29

91
Jamaica
1.29

92
Korea
1.28

93
Bahamas
1.16

94
Thailand
1.11

95
Georgia
1.10

96
Solomon Islands
1.08

97
Bahrain
1.08

98
Turkey
1.06

99
Kazakhstan
0.96

100
Armenia
0.96

101
Kenya
0.95

102
Puerto Rico
0.88

103
Slovakia
0.88

104
Algeria
0.79

105
Rwanda
0.76

106
Ghana
0.73

107
Zambia
0.65

108
Vietnam
0.62

109
Mongolia
0.61

110
Kyrgyzstan
0.58

111
Saudi Arabia
0.50

112
Bangladesh
0.48

113
Papua New Guinea
0.45

114
Uganda
0.44

115
Azerbaijan
0.40

116
Myanmar
0.39

117
Haiti
0.39

118
Mozambique
0.37

119
Malawi
0.36

120
Nigeria
0.32

121
Timor-Leste
0.29

122
Senegal
0.29

123
Lesotho
0.28

124
Madagascar
0.25

125
Benin
0.24

126
Sierra Leone
0.22

127
Palestine
0.22

128
Egypt
0.20

129
Cote D’Ivoire
0.19

130
Gabon
0.19

131
Iraq
0.18

132
Venezuela
0.16

133
Togo
0.13

134
Tanzania
0.12

135
Congo
0.11

136
Cambodia
0.09

137
Libyan Arab Jamahiriya
0.09

138
Uzbekistan
0.08

139
Belarus
0.08

140
Burkina Faso
0.08

141
Angola
0.07

142
Mali
0.05

143
Zimbabwe
0.05

144
Russian Federation
0.05

145
Somalia
0.04

146
Cameroon
0.03

147
Ethiopia
0.02

148
Niger
0.02

149
Afghanistan
0.02

150
DR Congo
0.00

Bhutan

Leading the pack, Bhutan demonstrates an impressive adoption rate, with approximately 15.96% of the population engaging with ChatGPT. This signifies a widespread integration of NLP technologies into digital ecosystems within the country.

Brunei

Brunei exhibits a substantial utilization rate of ChatGPT, with around 9.37% of the population embracing AI-driven conversational interfaces for diverse applications.

Singapore

Singapore showcases a remarkable engagement rate with ChatGPT, with approximately 9.30% of the population actively utilizing the technology in various digital contexts. This indicates a strong inclination towards adopting cutting-edge AI technologies.

Estonia

Estonia boasts a noteworthy adoption rate of ChatGPT, with approximately 8.35% of the population actively engaging with the technology. This highlights the nation’s tech-savvy populace and their inclination towards leveraging AI-driven solutions for communication and automation tasks.

Australia

Down Under, Australia boasts a usage rate of 7.56%, reflecting a widespread acceptance of AI-driven conversational tools. 

Philippines

ChatGPT garners significant traction with a usage rate of 7.24%. 

Mauritius

Mauritius embraces ChatGPT with a usage rate matching that of the Philippines (7.24%), indicating a growing reliance on AI-driven communication solutions among its populace.

Costa Rica

Central America’s Costa Rica exhibits a keen interest in ChatGPT, boasting a usage rate of 6.60% according to Coinjournal’s data.

Malta

With a usage rate of 6.49%, Malta emerges as a notable user of ChatGPT, which is not surprising considering how many iGaming companies have their offices there.

Belize

Rounding out the top 10 is Belize, where ChatGPT enjoys a usage rate of 6.47%. 

United Kingdom (UK)

While not leading the pack, the United Kingdom demonstrates a substantial interest in ChatGPT, with a usage rate of 3.69% based on unique monthly visits, as per Ahrefs data. This is indicative of the technology’s integration into the daily lives of Britons, from digital assistance to entertainment.

United States (USA)

Similarly, the United States registers a usage rate of 3.15%, reflecting the widespread adoption of ChatGPT across various sectors, including business, education, and entertainment, underscoring its status as a global leader in technological innovation.

Methodology: The approach taken involved obtaining data on the number of unique monthly visits from Ahrefs and population statistics from worldometers.info for each country. Using this data, the percentage of the population engaging with ChatGPT was calculated.

The post The most ChatGPT-addicted countries appeared first on CoinJournal.

Crypto price predictions: Bitcoin Dogs, Ribbon Finance, Sui

Cryptocurrencies have had a difficult performance this week as many investors started to take profits. Bitcoin price retreated to a low of $62,000, down from last week’s high of $73,500. Other coins like Ethereum, Render, Solana, and Near Protocol also dipped. 

This decline also happened as many Grayscale Bitcoin Trust (GBTC) holders liquidated their positions because of the significant fee. GBTC has an expense ratio of 1.50%, higher than the iShares Bitcoin Trust’s (IBTC) 0.25%. This article looks at some of the top cryptocurrencies to watch like Bitcoin Dogs (ODOG), Ribbon Finance (RBN), and Sui.

Ribbon Finance price forecast

Ribbon Finance is a Decentralized Finance (DeFi) platform that enables users to earn sustainable yield through decentralized options and lending. The platform has over $34 million in total value locked (TVL). Its Ribbon Earn and Ribbon Lend also have millions in assets.

RBN price has done well in the past few weeks as it jumped from last year’s low of $0.1462 to a high of $1.91 this month. This was a 1,231% increase from bottom to the top. Its market cap has jumped to more than $746 million. 

Ribbon has constantly remained above the 50-day and 100-day Exponential Moving Averages (EMA), which is a bullish sign. Most recently, it has formed a bullish engulfing candlestick pattern and then rose for three straight days.

My view is that the coin is attempting to form a double-top pattern, meaning that it may continue rising as investors continue buying the dip. If this happens, the next point to watch will be at $1.70, which is about 23.47% above the current level. This view will become invalid if the price crashes below this week’s low of $1.2050. 

Bitcoin Dogs price prediction

Bitcoin Dogs is one of the best-performing new cryptocurrencies this year. The developers recently ended its token sale, which raised over $13 million in just a month. This made it the best-performing token sale in the industry.

Bitcoin Dogs is yet to go public in centralized and decentralized exchanges (DEX) but the developers have pledged that this will happen soon.

There are a few reasons to be optimistic about this. First, the token launch will happen in a time when the crypto industry is in a bull market. The total market cap of all cryptocurrencies has jumped to more than $2.6 trillion.

Second, it is one of the most hyped cryptocurrencies in the market. It already has thousands of holders, which is a good thing. Also, the developers are working to create real utility for the token. This will include features like a 1,000 NFT collection and a gaming platform.

Most importantly, most of the newly launched meme coins have done well. This includes tokens like Book of Meme, Solama, and Pepe. You can learn more about Bitcoin Dogs here.

Sui price prediction

Sui has evolved to become one of the best-performing cryptocurrencies. Its blockchain project has attracted hundreds of developers and thousands of users. As a result, the total value locked (TVL) in the ecosystem has jumped to a record high of over $700 million.

Sui price has been in a strong bullish trend this year. It has risen in the past three straight days and is now hovering near its highest point since February 15th. The token has constantly remained above the 50-day and 100-day Exponential Moving Averages. 

Therefore, Sui token will need to clear the important resistance point at $1.9697, its highest point in February to invalidate the double-top pattern. If this happens, it will open the possibility of it soaring to $2.50.

The post Crypto price predictions: Bitcoin Dogs, Ribbon Finance, Sui appeared first on CoinJournal.

Bitbot’s presale frenzy grows as $1.1M is raised: Can $BITBOT claim a 100x gain?

Bitbot has generated FOMO due to its self-custodial features.
The project runs a $100,000 airdrop with $1,000 rewards.
$BITBOT carries a 100x potential amid presale frenzy and unique strengths.

Crypto trading on Telegram bots gathered phase in 2023. This came after the launch of popular tokens such as Banana Gun and Unibot. Both saw unprecedented gains, cementing the status of Telegram bots as an unstoppable crypto phenomenon. Bitbot launches when this frenzy is still alive while guaranteeing added security advantages. This has created a frenzy for the token, with the presale raising more than $1.16 million through stage 6. Consequently, Bitbot has been labelled a 100x token amid its self-custodial features. Let’s investigate more about this token.

Bitbot generates FOMO: What is its unique value proposition?

The key to Bitbot’s popularity is intense speculation. This is the first Telegram trading bot project offering self-custodial features. But what does this mean?

Trading on Telegram trading bots has been beset with controversy. The exploits of leading projects such as Unibot and Banana Gun showed how less protected investors are. This has been caused by the fact that these projects are custodial. They hold users’ private keys and assets, exposing them to potential losses if their accounts are compromised.

With self-custodial features, Bitbot allows users complete control over their assets. Users control their private keys, meaning no one can steal their assets if the platforms are exploited. This is an advantage to users seeking greater control and peace of mind when trading on Telegram trading bots. 

Owing to the self-custodial features, Bitbot has generated a frenzy that the token could explode when listed. Similar price trends have been recorded in other Telegram trading bots launched earlier. As such, Bitbot’s superior strengths could fuel higher price movements and return more to investors.

In addition to being self-custodial, the project is attractive with its enhanced security mechanisms. The wallet is secured by KnightSafe security protocols for institutional-grade reinforcement. There are other safety enhancements, such as anti-rug features. 

The all-around protections have created an expectation that $BITBOT is a huge potential token. The frenzy is underlined by the rapid presale and token predictions, which are as high as 100x. 

Bitbot: Profitable token with up to $100K airdrops and 50% revenue shares

The number of followers on Bitbot’s socials has grown rapidly, thanks to profitable offers. An example is Twitter, which has over 114,000 followers. The attraction has been due to the profitable opportunities posted on the platforms. The notable one is the $100,000 airdrop that has attracted fans. 

The competition is open to all fans globally. Winners stand a chance to walk away with $1,000 worth of Bitbot tokens from a $100,000 prize pool.

The prelaunch offer is ongoing, with users needing to act on Bitbot to win odds. One just needs to participate in Bitbot, share about the project, subscribe to its mailing list, and more. Winners will be rewarded right before the project kicks off. 

Bitbot is also a source of long-term passive income generation. Token holders get a share of 50% of transaction fee revenue generated from the platform. Aside from enjoying seamless trading through an app, one grows their investment over time. The unique advantage over rivals makes Bitbot a very attractive trading platform. This generates value for the token, unlocking its future potential.

Can $BITBOT rise by 100x?

Telegram trading bots represent the future of trading, and statistics back this up. The sector has witnessed over $13.6 million in cumulative trading volumes. This is an advantage to the Bitbot token, debuting when a market frenzy unfolds. As such, the debut could be met with wild price movements.

Whether $BITBOT can rise 100x is speculative. However, rival tokens, which carry lesser superior features, have risen by approximately similar margins. As such, $BITBOT carries the potential to claim a 100x gain. A robust presale and speculation cement the token’s status as a potential big gainer.

To purchase $BITBOT while on presale, investors can visit the project’s website page.

The post Bitbot’s presale frenzy grows as $1.1M is raised: Can $BITBOT claim a 100x gain? appeared first on CoinJournal.

$13.5M raised: Bitcoin Dogs embarks on an ambitious journey of listings and web 3.0 pursuits

Bitcoin Dogs presale ended within a month, raising nearly $13.5 million.
The token distribution and CEX listings come next.
The token carries a 100x potential as post-listing speculations mount.

One thing was obvious as the Bitcoin Dogs ($0DOG) presale concluded on March 15. The presale had been one of the most successful ever, as amounts raised surpassed $13.49 million. As expectations build on what is next for the ambitious Bitcoin ICO, speculations arise on the token’s potential. The frenzy cements predictions that $0DOG could rise by up to 100x. Beyond these wild expectations, Bitcoin Dogs reinforces itself as a key player in gaming, metaverse, and NFTs. As such, the investment potential is robust even as the team embarks on the journey to actualise the project.

Bitcoin Dogs: A lightening quick presale with 100x potential 

Undoubtedly, the next most awaited milestone for Bitcoin Dogs is listing on exchanges. The team has updated that it plans to take the token to public markets. And most definitely, the eagerly awaited token distribution after the conclusion of the presale.

While there are no exact dates for the token distribution and listings, the launch attracts big $0DOG moves. There are reasons for this optimistic expectation. 

Since coming into the limelight approximately a month ago, Bitcoin Dogs has been a lightning-quick presale. The presale has lasted just one month, raising millions in the process. This just underlines how much FOMO the token has generated and its price potential. A close relationship with Bitcoin has, of course, boosted the presale. 

As such, Bitcoin Dogs is the first ever BRC-20 token. The token is minted from the legacy Bitcoin blockchain, and many are convinced of its qualitative features. Bitcoin’s legacy, trust, and security rank high among the attractions. Being founded on the Bitcoin network, therefore, gives Bitcoin Dogs an upper hand, fueling the FOMO.

Conversely, Bitcoin Dogs has been labelled a 100x potential cryptocurrency. The projections are well justified owing to the high speculation the token has generated. This comes when Bitcoin hits record highs, with boosts from spot ETFs and upcoming halving event. As Bitcoin Dogs debuts amid positive fundamentals, the token could explode in value and become a 100x gainer.

Bitcoin Dogs investment captivates with its use cases in web 3.0

Metaverse, gaming, and non-fungible tokens are exciting web 3.0 applications gaining much interest in 2024. This follows a bullish crypto market and expectations around the recovery of the once-booming sectors. The use cases ingrain Bitcoin Dogs into the depths of web 3.0, helping in the project’s growth.

To begin with, Bitcoin Dogs will be the biggest Bitcoin ordinals, with 10,000 unique collectables. This is an advantage to the token holders who can profitably own and sell their collectables on marketplaces. It is also an opportunity for holders to participate in virtual pet trading for additional income.

In addition, Bitcoin Dogs offers an opportunity for holders to escape everyday hassles. The platform is an immersive gaming ecosystem where users can take socially engaging and exciting activities. Pet training, addictive competitions, and social banter with fellow dog owners are some activities to explore. As crypto intertwines with virtuality, investors will have the last laugh, getting the best of the two worlds. Definitely, the Bitcoin Dogs token will grow in value as more users explore these nascent sectors.

Is Bitcoin Dogs a good investment?

Bitcoin Dogs has set the tone for being one of the best presales of 2024. As FOMO remains high, the token could explode in value after listing. Use cases in gaming, metaverse, and NFTs also cement Bitcoin Dogs’ future value. Not to forget that the token’s association with Bitcoin attracts a lot of interest that could drive demand and value.

Aside from the notable utilities, Bitcoin Dogs investment is an opportunity to belong to a vibrant community. Fees generated from the dog community are pooled back into a dedicated reward fund. This means additional earnings through generous giveaways and community-oriented initiatives.

The post $13.5M raised: Bitcoin Dogs embarks on an ambitious journey of listings and web 3.0 pursuits appeared first on CoinJournal.