Author: NBTC
Bitcoin’s price is showing signs of weakening momentum, which raises questions about potential buying opportunities and the market’s direction. Analyst Ali Martinez suggests that traders may want to wait for better entry points before investing heavily. Historically, the best buying opportunities appear after traders experience a 12% loss. However, current metrics show they are still in profit. Furthermore, shifts in Bitcoin’s market value to realized value (MVRV) momentum have historically signaled crucial turning points, suggesting caution in the short term. The best buying opportunities for #Bitcoin $BTC historically come when traders are at a -12% loss. Right now, they’re still…
The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) continues to surpass all other non-fungible token (NFT) projects in terms of recent development activity, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Decentraland registered 143 notable GitHub events in the past 30 days. Decentraland also led the rankings in December, November, October, and September. Flow (FLOW), a layer-1 permissionless blockchain, continues to occupy the number two spot, with 114.9 notable events. Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), moved into third with 42.47 events, passing the NFT layer-2 scaling solution…
Micro3, a prominent Web3 entity dealing with NFTs and decentralized computing, has recently collaborated with DePINed, a decentralized network for monetizing spare computing resources like internet bandwidth and PC power. The partnership aims to redefine decentralized computing by offering unique earning opportunities and the inclusion of cutting-edge rendering capabilities, data analysis, and AI. The platform took to its official X account to announce this development. Micro3 🤝 DePINed: Powering the Future of Decentralized ComputingWe’re excited to partner with @depined_org, the AI & Rendering Supercloud Network, to bring new earning opportunities to the Web3 community. This collaboration enables users to monetize…
Bitcoin has experienced significant price swings in the past 24 hours, briefly surpassing the $100,000 mark before retracing. The sudden drop reflects the ongoing market uncertainty, with traders reacting to short-term volatility. However, long-term stability appears to be taking shape, largely supported by mature investors holding onto their positions. Bitcoin has Taken A Different Approach The RHODL (Realized HODL) ratio since Bitcoin’s recent all-time high (ATH) sits at 23%. While new demand remains significant in this cycle, the wealth held in coins older than three months is much lower than in previous cycles. This suggests that new demand inflows have…
The blockchain ecosystems exhibited the most developer performance through monthly contributions and system events. Recent sentiment data indicate that Ethereum led the blockchain market in developer activity accumulating 172,800 events through a 40.52% growth rate. The steady number of 1700 contributors alongside network development and engagement signals strong growth that matches its continuous upgrades to the ecosystem. Polygon emerged as the second active system in terms of developer activity recording 77,000 events and a 46.08% growth rate. The network achieved a 2.69% increase by adding 686 contributors while expanding its contributor base. Development activity concentrates on Polygon because of its…
B² Network, the most practical Bitcoin L2 network, has announced an exciting collaboration with Orochi Network, the world’s first verifiable data infrastructure. Together, this alliance is poised to tackle the challenges related to provable computation, data availability, and ZK-powered scalability. By making verifiable data and native DeFi evolve simultaneously, these platforms are on their way to decentralize the next era of blockchain. B² Network used X to share this news. 🌟We’re excited to announce that B² Network is exploring a strategic alignment with @OrochiNetwork , the world’s first zkDA Layer and Provable Data Platform, recognized by the Ethereum Foundation. 🔍🟧As…
Blockchain data tracker Whale Alert recently reported a significant movement of $424 million worth of Bitcoin (BTC) across three separate transactions during the last 24 hours. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,875 #BTC (180,814,471 USD) transferred from unknown wallet to unknown wallethttps://t.co/zFQk8Ut05G — Whale Alert (@whale_alert) February 7, 2025 The three transactions involved a total of 4,382 BTC being moved between unknown wallets and exchanges. There are: two transactions of 1,875 BTC worth $180,814,471 and 1,808 BTC worth $176,391,924 transferred between unknown wallets; 699 BTC worth $68,760,574 transferred from Kraken to Bitfinex. While the specific intent of…
TruBit, a crypto exchange based in Latin America, today announced a strategic partnership with Morpho, a DeFi lending platform, to expand into the DeFi market through Morpho’s decentralized trading platform. This alliance marks an essential milestone for TruBit to connect its CeFi (centralized finance) services to DeFi (decentralized finance). TruBit is a centralized digital asset platform exchange (based in Latin America) that allows users to sell, purchase, and trade a wide range of digital assets. It offers various services, including a digital asset wallet, a MasterCard-backed crypto card, and many others. On the other hand, Morpho is a DeFi lending…
The non-fungible token (NFT) market remains active, with several collections and marketplaces reporting significant trading volume over the past 24 hours. The Pudgy Penguins collection currently holds the position of top NFT collection due to its high 24-hour trading volume that reached $768.28K. According to transaction data, the collection achieved $768.28K worth of total volume which was the highest among all available collections. Transactions for Courtyard reached $660.57K while Bored Ape Yacht Club (BAYC) achieved $346.06K of daily trading. #NFT MARKET OVERVIEW TOP COLLECTION #PudgyPenguins – 24H Volume $768.28K… pic.twitter.com/nK37bWNA7x — PHOENIX – Crypto News & Analytics (@pnxgrp) March 28,…
Changpeng “CZ” Zhao, the former CEO of Binance, has once again publicly distanced himself from the fast-emerging TST token. CZ and the BNB Chain team denying ownership of the token seems not to have had any effect on its upward trajectory. However, a website and official Twitter account created for the TST token appear to be using the Binance logo. That’s why CZ took to his X account to clarify that BNB Chain did not have a hand in creating the website or social media accounts. Translated post of CZ clarifying that Binance did not launch the TST token. Source:…