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Bitget Hot Takes (April 22 - April 28, 2024) - All About Bitget

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, which sums up BGB performance, what's new at Bitget, and the latest market movements. The latest Bitget Hot Takes can be found here: All About Bitget | Market Updates Central Themes • BGB prices remained above US$1.1 after RSI hit oversold. • Bitget Markets: there was a surge in the weekly average crypto OI, mostly due to the increasing number of open Ethereum positions. • The latest data on Bitget's reserves is now available. BGB Waiting For A Catalyst Although BGB is still hanging on the US$1.1 levels, there were some downward movements influenced by those of Bitcoin. Bitcoin lost 2.1% in the last 7 days and BGB 7.4%, with BGB weekly spread still tightening by 22%. With a narrow spread and quietness in terms of activities, BGB is seemingly waiting for a catalyst to move in either direction. Indicators are currently suggesting a lack of conviction in the current price levels, but there's been enough proofs to say BGB price actions can confidently follow any (potential) Bitcoin upward trend, hence it's better to put your BGB to work in the meantime rather than press F5 for trend confirmation all day long. Despite their weekly gains, ETH and BNB still saw decreasing liquidity, while BGB's figure remained slightly higher than Bitcoin. That means BGB still has decent liquidity thanks to the level of trading activeness, which then points to a comparable level of acceptance or utility as Bitcoin. Want to learn more about BGB? Check out our BGB White Paper and BGB Intro and don't miss any new issues of Bitget Hot Takes, which always covers the latest analysis of BGB weekly performance! The Latest Bitget News On April 22, 2024, Bitget published the latest snapshot of our platform's reserves and users' assets . We have successfully maintained a total reserve ratio of 150%+ compared to the industry's standard of 100%. It's important to explain why Bitcoin and Ethereum have a much higher (and increasing) reserve ratio than stablecoins on Bitget: (1) For the sake of volatility management: Bitcoin and Ethereum are significantly more volatile than USDT and USDC, both of which are pegged to the U.S.-Dollar. Higher reserves of BTC and ETH are meant to manage liquidity demands during periods of high volatility, ensuring that we can meet withdrawal requests without delay; (2) In view of better risk management: This is part of a comprehensive risk management strategy to ensure stability and liquidity during market fluctuations, such as rapid price changes, and to mitigate various operational risks and counterparty risks; (3) To respond quickly to market demand: BTC and ETH are typically the most traded cryptocurrencies with high transaction volumes, therefore the larger reserves of these ones, the more efficiently we are to handle institutional and high net-worth traders' orders, other large trade orders, frequent transactions, and transfers without causing significant price impacts on Bitget. Meanwhile, we are delighted to announce a continuing trend of growing Bitcoin and USDT inflows on a monthly basis, while users' ETH have been flowing to Bitget for two consecutive months already. This shows that Bitget continues to win more users' trust overtime with both our security practices and our ever-increasing selection of products and services. This is a perfect example of how attractive Bitget new listings are - in terms of performance as well as when it comes to additional earning opportunities: There are several new events on Bitget CandyBomb , new pools on Bitget PoolX , or new assets on Bitget Earn every week - if not everyday! Earning more of those trendy tokens is quick and easy, ensuring users can take good profits just in time. You wanna ask why they are so hyped? Here's our guide on each of the token's uniqueness and why they have the potential to be your personal next best gainer: Meson Network (MSN): A DEPIN Marketplace for Surplus Bandwidth Green Bitcoin (GBTC): A Sustainable Approach to Crypto Investing CatGPT (CATGPT): Igniting The Purr Of Power BounceBit (BB): The First Native Restaking Chain For Bitcoin Ready to Fight (RTF): Revolutionizing Professional Fighting with Web3 Technology Ontology (ONG): The Decentralized Trust Network of the Future Alephium (ALPH): The Next Generation of Blockchain Innovation What is Telegram Open Network (TONCOIN)? What else is in store for the bulls? Bitget has upgraded our ongoing zero-fee promotion for BTC/USDT and ETH/USDT spot trading pairs. During the new event titled Trade to Mine that runs from April 28 to May 20, 2024, traders can earn BGB rewards based on their previous day's trading volume across three categories: Light, Super, and Diamond prize pools, which offer increasing rewards for higher volumes. The total reward pool is determined by the sum of spot transaction fees for the BTC/USDT and ETH/USDT pairs. Rewards are calculated daily and can be claimed manually via the promotion page or automatically distributed to participants' account within 3 days after the event ends. Volatility must be the main reason behind the decline in our 7D spot volume, whereas it opens up plenty of profitable opportunities for futures traders, thus the 21.6% increase in the average crypto OI last week. Looking for extra earning options on Bitget? Check this out: • New user exclusive : 50% rebate for crypto purchases via Credit/Debit cards • Bitget Savings : New tokens can be added to our savings vaults within days after the listing with up to 100% APR for a limited time! • Bitget Launchpool : Similar to Bitget Savings, but it’s for BGB owners to put their holdings to work! Exclusive pools for new users as well! • Bitget Smart Trend : New subscription period begins every Monday! • Weekly exclusive earning opportunities: Up to 10% APR on Bitget Wealthy Tuesday All Bitget Earn guides are available here: Bitget Range Sniper | Bitget Shark Fin | Bitget Dual Investment | Bitget Smart Trend | Bitget Snowball | Bitget Wealth Management New Events New user exclusive: Buy crypto to get up to a 50% rebate! Double Your Profits, Cover Your Losses: $25,000 USDT Prize Pool Dive Zero fee upgrade: Trade BTC/USDT and ETH/USDT! Trade to mine and earn BGB! Join Bitget x Maneki Community Campaign Now to Claim Your Special $2,000 MANEKI Rewards! Join Bitget x SIX Network Community Campaign Now to Claim Your Special $2,000 SIX Rewards! Join Bitget x CatGpt Network Community Campaign Now to Claim Your Special $2,500 CatGpt Rewards! Deposit to mine CATGPT! Deposit to mine MANEKI! Deposit to mine KUB! Trade to mine GBTC! Deposit to mine XDB! Deposit to mine RTF! Bitget TraderPro: Invite new users and get 100 USDT! 0% fee EUR deposit — Share 500,000 USDT worth of BTC! Good Reads Bitget PoolX: An All-Year-Round Version Of Bitget Launchpool Bitcoin's Fourth Halving: A Milestone in Cryptocurrency History Bitcoin's New Era: Casting Runes For A Blockchain Renaissance (Part 1) Bitcoin's New Era: Casting Runes For A Blockchain Renaissance (Part 2) Bitget Beginner's Guide — A Comprehensive Introduction to USDT-M Futures, USDC-M Futures, and Coin-M Futures Simply create an account , and start exploring the incredible Bitget-Verse today!

CatGPT (CATGPT): Igniting The Purr Of Power

What Is CatGPT (CATGPT)? Launched on June 3, 2023, by a visionary team based in the United Kingdom, CatGPT introduces a playful yet profound AI element. Users are encouraged to interact with CatGPT through its portal, CatGPT.Nexus, where they can experience firsthand the personality and capabilities of the AI entity that the creators ambitiously describe as a "new AI cat overlord." How Does CatGPT (CATGPT) Work? CatGPT's humourous tagline "for humans by humans, controlled by cats" directly points to the final phase of its roadmap with the proposal to "enslave humanity" - a tongue-in-cheek objective that highlights the project's aim for widespread adoption and significant influence within the crypto space. CatGPT boasts a total supply of one trillion tokens, a common figure in the meme token arena that balances the bubbly nature of such assets with the practical aspects of market economics. Importantly, the project takes a stand against the common practice of taxing transactions. Both buying and selling transactions are free of any tax, which could potentially enhance liquidity and encourage trading. Moreover, the liquidity is locked until January 1, 2028, providing investors with a sense of security and stability in the project’s long-term commitment. CATGPT Goes Live on Bitget CATGPT is listed on Bitget in the Innovation Zone and Meme Zone. How to Trade CATGPT on Bitget Step 1: Go to CATGPT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading . Trade CATGPT on Bitget now! How to Join CATGPT Promotion on Bitget All users have 7 days to buy CATGPT with their Credit/Debit Cards at 0% Fee! Make the purchase today before this promotion ends! Take part in the CATGPT Promotion today! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitcoin Cats (1CAT): GameFi and Metaverse on Bitcoin Blockchain

What is Bitcoin Cats (1CAT)? Bitcoin Cats is a GameFi project on the Bitcoin blockchain that is made possible by the Bitcoin Ordinals . It aims to serve as a bridge between the Bitcoin and EVM networks, by building the next-gen gaming ecosystem that integrates both communities. How Bitcoin Cats (1CAT) Works Thanks to the Ordinals system, Bitcoin Cats is able to introduce novel elements to traditional Bitcoin assets, unlocking a world of possibilities. Bitcoin Cats NFTs Bitcoin Cats NFTs are a collection of pixelated cat artworks inscribed on satoshis via Ordinals. It is essentially the pillar of this project, showcasing a collection of 10,000 unique characters representing a laid-back lifestyle. 1CAT Token 1CAT is the native utility token. This token was originally only available in BRC-20, but was later released as both BRC-20 and ERC-20 tokens due to the congestion and high transfer fees on the Bitcoin network, as well as the overwhelming demand from the community. The token is an essential part of a mission to connect Bitcoin with EVM chains. 1CAT serves many purposes. For instance, it allows users to buy and upgrade in-game assets like avatars, pets, equipment, and farmlands. Additionally, it functions as a ticket granting access to special features. GameFi and Metaverse: The Purr-fect Blend of Fun and Finance Bitcoin Cats introduces a captivating virtual world where users can immerse themselves in three primary activities: playing, farming, and socializing. Players can explore an open world, battling monsters using unique avatars, while also cultivating crops and breeding adorable pets on personalized farmlands. The social aspect of the platform enables players to form teams for adventures and share experiences within the game world. Besides, there will be a plethora of activities and products for users to enjoy: ● Short movies bring the characters of Bitcoin Cats to life. They showcase the charm, joy, and playfulness of Bitcoin Cats characters on screen, providing users with a visual treat that goes beyond traditional NFT experiences. ● Games will include the cute Bitcoin Cats characters. The platform will support game developers who want to create their games using Bitcoin Cats characters. This support includes carefully crafted 3D models, rigging, and a variety of animations featuring the lovable cats. ● AR VR will be available for you to enjoy a fantastic show performed by cute cats right on your table. Bitcoin Cats aims to make this a reality by making its characters available in mainstream AR VR applications. The goal is to provide users with an immersive experience that goes beyond the screen, blurring the lines between the virtual and physical worlds. ● Metaverse is about building and creating within a space that offers infinite possibilities with cute cats. The metaverse concept extends the Bitcoin Cats experience beyond traditional NFTs. ● Fashion is a form of self-expression for the Bitcoin Cats community. Users can define themselves through distinctive fashion offerings that express cuteness, comfort, and confidence. This unique aspect of the platform enables individuals to showcase their love for the adorable cats in a tangible and stylish manner. ● Building toys allow Bitcoin Cats to take the metaverse concept into the physical realm. These toys can be assembled by the players so they can have a tangible representation of the virtual metaverse. It's a novel approach to extending the Bitcoin Cats experience into the real world, providing users with a unique and interactive connection. 1CAT Goes Live on Bitget Blending utility and entertainment, 1CAT serves as the gateway to a vibrant ecosystem where users can buy, upgrade, and engage in various in-game assets, ranging from avatars to farmlands. By harnessing the power of 1CAT, anyone can become the pioneer in GameFi on the Bitcoin blockchain. Embark on a new era of trading excitement as 1CAT lands on Bitget, starting December 21 . How to Trade 1CAT on Bitget Step 1: Go to 1CATUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading . Bitcoin Cats stands out not only for its innovative offerings but for its dedication to creating a community-driven ecosystem. By bringing together the Bitcoin and Ethereum communities, Bitcoin Cats is fostering collaboration and creativity on a scale not seen before. As the platform's journey unfolds, it promises a wonderland of adventure, where cute art, immersive experiences, and financial opportunities converge in harmony. Trade 1CAT on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.