Author: NBTC
Bitcoin’s (BTC) remarkable rally hit a brief pause after November 22, as investors grew impatient waiting for the cryptocurrency to breach the highly anticipated $100,000 mark. Now teetering just below this critical psychological level, Bitcoin appears primed for a breakout that could propel it to new highs. Despite losing some market dominance amid an ongoing altcoin surge, Bitcoin remains the cornerstone of the cryptocurrency sector, supported by strong technical patterns and robust fundamental drivers. Technical outlook: Key levels and bullish signals Notably, prominent analyst RLinda highlights Bitcoin’s consolidation phase as a precursor to significant growth. According to the analyst, the…
CoinMarketCap has revealed an impressive report showcasing the explosive growth of the Real-World Asset (RWA) sector. The report has showcased RWA’s market capitalization soared to $47.8 billion. This marks a 68.3% monthly increase and a 119.3% year-over-year surge. This groundbreaking increase brings the sector back to its April 2024 levels. 📈 RWA market cap soars to $47.8B! Ripple tokenizes abrdn’s $4.8B fund on XRPL. Ondo integrates LayerZero for cross-chain USDY transfers.Read our full analysis 👇https://t.co/M6oynQmsvH — CoinMarketCap (@CoinMarketCap) December 6, 2024 In a broader sense, Bitcoin ($BTC) flirts with its $100K milestone and altcoins regain dominance. These moves of the…
Bitcoin flow between exchanges is at its lowest, showing reduced trading and a focus on holding long-term. Investors are moving less Bitcoin, trusting Binance as a safe place for secure and stable asset storage. Lower activity signals a mature market with fewer speculators and a growing focus on strategic cryptocurrency investments. Bitcoin exchange flows on Binance have reached record lows, showing a shift in the behavior of cryptocurrency traders and investors. According to CryptoQuant’s report from November 29, 2024, this trend indicates growing trust in Binance and less speculative activity in the market. Bitcoin prices, meanwhile, have climbed to around…
Meme coins are lighting up the crypto market this weekend, with pepe (PEPE)—the token inspired by the iconic green frog meme—leaping 13.7% against the U.S. dollar, pushing its market cap beyond $10 billion. From Jokes to Riches: Meme Coins Soar as Market Hits $148B As of Saturday, the total meme coin economy has climbed to $148 billion, with all 20 of the top meme coins showing gains. Among them, pepe (PEPE) has surged to $0.00002464, a new all-time high, marking a 137% jump over the past month. Meanwhile, dogecoin (DOGE) and shiba inu (SHIB) are also riding the wave with…
Bitcoin is on the verge of reaching a historic milestone, with its price inching closer to the coveted $100,000 mark. This remarkable rally has fueled optimism among investors, signaling Bitcoin’s continued dominance in the cryptocurrency market. However, despite the bullish outlook, Bitcoin is not entirely immune to potential bearish pressure. The backbone of Bitcoin’s price stability — long-term holders (LTHs) — appears to be wavering, raising concerns over possible downward movements in the near term. Bitcoin’s Support Is Wavering Long-term holders of Bitcoin have recently shown signs of bearish sentiment. The HODLer net position change indicator, which tracks the behavior…
A recent tweet from digital asset researcher Anderson suggests that a high-priced XRP could have wide-reaching advantages for Ripple and the overall XRP ecosystem. Anderson outlined several key areas where a surge in XRP’s price could be transformative. First, he noted that a higher price for XRP would attract more attention to the cryptocurrency. As people discuss its rise, follow headlines and research top-performing assets, more individuals will learn about XRP, potentially leading to increased interest from investors and developers. Attracting Builders to the XRPL Ecosystem Furthermore, he argued that a surge in XRP’s value could also draw more developers…
A new report from the Blockchain Game Alliance (BGA) reveals that play-to-earn games are cantering toward mainstream acceptance but the final push appears to be plagued by a streak of challenges. The report, dubbed the State of the Industry, surveyed nearly 700 respondents from the play-to-earn space, a three-fold increase from 2023’s report. According to the 64-page report, blockchain-based games are approaching mainstream adoption levels for the first time in their five-year history. Citing impressive metrics, the BGA notes that the number of active monthly users for play-to-earn games has never been higher for the industry and shows no signs…
Samson Mow, vocal Bitcoiner and chief executive at JAN3, has taken to his X account to once again recommend to Wikipedia to buy the world’s largest cryptocurrency BTC. Mow published a screenshot of a donation request sent by Wikipedia to many of its users asking them to donate $2.75. Mow tweeted that while they are sending him an annual donation reminder, he sent them his “annual reminder to buy Bitcoin.” In the tweet, he tagged the X accounts of Wikipedia and its founder Jimmy Wales. I see your annual donation reminder and am giving you my annual reminder to buy…
According to data provided by Whale Alert, a Dogecoin (DOGE) address was recently activated for the first time after a whopping 11 years of dormancy. The address contains 870,019 DOGE tokens that are currently worth nearly $400 million. The leading meme coin by market capitalization was launched back in 2013, which means that the aforementioned address has been around since the coin’s very inception. The cryptocurrency quickly gained prominence and managed to build a rather passionate online community. In early 2014, the Dogecoin community gained some mainstream media coverage after raising funds to send the Jamaican bobsleigh team to the…
Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, is enthusiastic about the upcoming launch of Shiba Inu’s new racing game, Lap Dogs. In an X post today, Kusama reacted to the upcoming launch of Lap Dogs, noting that the game marks yet another win for the Web3 gaming space. This comes as the Shiba Inu ecosystem team plans to expand the Web3 gaming industry with the imminent launch of Lap Dogs. HUGE. Another win for web 3 gaming. #Shibarmy https://t.co/qpa6VRRwP2 — Shytoshi Kusama™ (@ShytoshiKusama) December 29, 2024 In a follow-up comment, the Shiba Inu leader expressed pride in…