Metaplanet Inc, a Japanese investment firm, has raised 9.5 billion yen, or about $60.6 million through two bond issuances this week to speed up its Bitcoin-purchasing strategy. This Tokyo-listed company earlier announced plans to adopt Bitcoin as a key treasury reserve asset and is now accelerating investments in the cryptocurrency.
Earlier this week, Metaplanet issued a 4.5 billion yen bond and then a 5 billion yen bond on Friday. Both bonds mature on June 16, 2025, and interestingly, neither carries interest. CEO Simon Gerovich said that the funds will accelerate Bitcoin purchases originally planned for 2025 into this year.
Since the company declared in May that it will focus on Bitcoin as part of its financial strategy, Metaplanet has been on an acquisition spree of the cryptocurrency. According to its December 18 balance sheet, the company has roughly 1,142 BTC, valued at approximately $110.3 million in today's market prices.
Despite this development, the stock of Metaplanet declined by 4.24% on the Tokyo Stock Exchange on Friday, closing at 3,610 yen. Nevertheless, the firm's stock has risen by 2,023% since the beginning of the year. Furthermore, Metaplanet shares started trading in the U.S. OTCQX market on Thursday where they closed nearly 10% lower on their first day of trading.
While Metaplanet's Bitcoin holdings are still on the rise, U.S.-based MicroStrategy remains the largest public corporate holder of Bitcoin, owning 439,000 BTC, according to data from the Bitcoin Treasury.
This article is based on information from The Crypto Times.
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Velodrome Finance’s token, VELO, is currently trading at $0.2430 with a market cap of approximately $210.2M and a fully diluted market cap of $464.35M. Following its listing on Binance, trading volume surged to $253.44M, significantly increasing liquidity and market visibility. The circulating supply stands at 875.52M VELO, while the token recently hit an all-time high of $0.4245 on December 13, 2024.
If VELO reaches a $500M market cap, its price could rise to approximately $0.571. At a more ambitious $2B market cap, VELO could trade at $2.28, reflecting a substantial increase. In an extremely bullish scenario, a $10B market cap would push VELO’s price to about $11.42, offering significant upside potential for long-term investors.
With Velodrome Finance being the top DEX on multiple chains like Optimism Mainnet and Mode Network, alongside Binance listing integrations such as Futures and Margin, its growth prospects remain strong. Investor sentiment is further fueled by attractive APRs, ecosystem expansion, and increasing trading activity, positioning VELO as a leading force in the DeFi space.

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Flamingo (FLM), a decentralized finance (DeFi) project, has drawn attention in the crypto space due to its recent market performance and potential for growth. With the data provided, let’s analyze its historical price action and forecast potential future price scenarios, including reaching its All-Time High (ATH) and half of that value.

📍 Current Overview of FLM

• Current Price: $0.097
• Market Cap: $61.35M
• Circulating Supply: 638.09M FLM
• All-Time High (ATH): $1.2422 (April 7, 2021)
• All-Time Low (ATL): $0.03935 (August 5, 2024)
Flamingo has seen significant fluctuations in its value, ranging from a peak of $1.2422 to its recent ATL of $0.03935. Its market performance is currently stable, trading at $0.097.
📍📍 Scenario 1: FLM Reaches Half of Its ATH

Half of FLM’s ATH is approximately $0.6211.

📍 Price Potential:

1. Upside from Current Price:
• ($0.6211 - $0.097) / $0.097 × 100 = 540% increase.
2. Market Cap Projection:
Assuming the circulating supply remains constant, the market cap at $0.6211 would be:
• $0.6211 × 638.09M ≈ $396.42M.
Reaching $0.6211 would represent a significant milestone for Flamingo, indicating strong market recovery and renewed investor confidence. This scenario could be driven by increasing adoption of Flamingo’s DeFi services, partnerships, and market trends favoring altcoins.

📍📍 Scenario 2: FLM Returns to Its ATH

If Flamingo regains its ATH of $1.2422, it would mark a monumental recovery.

📍 Price Potential:

1. Upside from Current Price:
• ($1.2422 - $0.097) / $0.097 × 100 = 1180% increase.
2. Market Cap Projection:
• $1.2422 × 638.09M ≈ $792.73M.
Returning to its ATH would signal massive bullish momentum. Key catalysts might include:
• A surge in overall crypto market capitalization.
• Major upgrades or developments within the Flamingo ecosystem.
• Positive regulatory advancements benefiting the DeFi sector.

📍 Key Factors Influencing FLM’s Future Growth

1. Market Trends: As a DeFi token, FLM’s value depends heavily on the broader cryptocurrency market and investor interest in DeFi projects.
2. Platform Development: Updates or innovations in the Flamingo ecosystem could drive demand and adoption.
3. Partnerships: Collaborations with other blockchain networks or DeFi platforms might boost FLM’s utility and appeal.
4. Regulatory Environment: Clear and favorable regulations for DeFi could attract institutional investment.

📍 Technical Analysis Highlights

From the provided charts:
• RSI Levels: Current RSI (Relative Strength Index) indicates moderate buying interest, suggesting potential for further price movement.
• Support & Resistance:
• Support: Around $0.039 (ATL level).
• Resistance: Immediate resistance levels could be at $0.10 and $0.15, with $0.6211 as a long-term target.
Conclusion
Flamingo (FLM) has immense potential for growth, especially if it achieves half of its ATH ($0.6211) or returns to its peak value of $1.2422. These scenarios represent opportunities for investors but also come with inherent risks. As always, thorough research and market monitoring are essential for any investment decision.

$FLM #DeFi #Finance #Flamingo 🦩 #CrossBorderPayments #BinancePay