Author: NBTC
The price forecast for Ethereum (ETH) for December 2024 was discussed by the analyst from Bitget Research, Ryan Lee. What are the key factors influencing the performance of the second crypto by market cap? Ethereum (ETH) and its price prediction for December 2024: the key factors Ethereum: the price prediction says that ETH can fluctuate between 3,000 and 4,500 dollars The performance of the second crypto by market cap Ethereum (ETH) and its price prediction for December 2024: the key factors The analyst from Bitget Research, Ryan Lee, announced his price prediction for Ethereum (ETH) for the upcoming month of…
Metaplanet has been added to the the Amplify Transformational Data Sharing ETF or BLOK, a global index that invests in leading blockchain companies including SBI Holding, MicroStrategy and Nvidia. On Nov. 28, the Japanese investment firm announced its inclusion into BLOK, joining a lineup of 53 companies that engage in the development and utilization of blockchain technology. The ETF features leading industry players including MicroStrategy, Robinhood, Nvidia, and SBI Holdings. According to the press release, Metaplanet’s estimated starting weight on the BLOK will be around 2.9%. As of Nov. 29, the companies occupying to top spots on the Amplify Transformational…
Today, Oct. 26, 2024, all crypto markets are in red, scared by yesterday’s announcement about the alleged DoJ investigation against Tether. Meme coins perform even weaker than their competitors, but seasoned cryptocurrency commentator Miles Deutscher indicates some opportunities here. Meme coins WIF, PEPE in Miles Deutscher’s pick today Amid the ongoing decline of cryptocurrency market capitalization, some altcoins demonstrate potential for an upsurge, based on tech analysis patterns. Major meme coins Dogwifhat (WIF) and Pepe (PEPE) are among the candidates, cryptocurrency analyst Miles Deutscher says to his 551,000 followers on X. Lots of alts look like decent adds today.$WIF, $PEPE,…
Real Vision analyst Jamie Coutts believes that one investment trend could be the catalyst that sends Bitcoin (BTC) soaring to six figures. Coutts says that increasing Bitcoin adoption among money managers could cause the flagship crypto asset to increase by more than 643% of its current value before 2030. “Every time a money manager chooses BTC over sovereign debt, it reinforces the existing debasement trend. A slight shift toward Bitcoin could drive its price above $500,000 before the decade ends.” Coutts believes that Bitcoin’s relatively strong performance during bear markets and its store-of-value properties may result in more investment portfolios…
The Ethereum Foundation is preparing to invest tens of millions into zkVMs (Zero Knowledge Virtual Machines). The development has been revealed by Justin Drake, who is a researcher at the organisation. In a separate development, yesterday, Ethereum co-founder Jeffrey Wilcke moved over 20,000 ETH to Kraken, triggering concerns across the cryptocurrency market. In the last 24 hours, the Ethereum market has dropped slightly by 0.7%. Will it decline further? Let’s analyse the key developments to understand the market scenario better. Please join! Ethereum Foundation Bets Big on zkVMs In a post on X, Drake states that the EF is preparing…
According to a Standard Chartered report, stablecoins are shifting from initial use in crypto exchanges to broader applications in global finance. The study indicates that stablecoins are increasingly used for purposes akin to traditional finance, such as saving and transacting in U.S. dollars and facilitating cross-border payments. Standard Chartered comments on how stablecoins’ dominant use case is evolving. “There is growing evidence of increasing stablecoin use for a variety of purposes akin to those provided in traditional finance.” According to the report, one significant factor driving this shift is the demand for faster and more accessible cross-border transactions. Traditional correspondent…
TON (The Open Network) is on track to overtake Ether in holder numbers by the end of the year. According to Maarten, a Community Analyst at CryptoQuant, TON has attracted around 500,000 new holders daily over the past month, pushing its total count to 112 million. With Ethereum at 137 million holders, TON’s rapid rise could close the gap by December 20 if current trend holds steady. But this isn’t set in stone. Maarten points out two important assumptions. First, TON’s growth could slow. If the daily increase drops by just one standard deviation, TON won’t cross Ethereum’s count until…
Cryptocurrency research firm QCP Capital reported in a recent analysis that there has been a significant increase in the price of Bitcoin (BTC) due to strong spot demand. Last night, BTC briefly reclaimed the $68,000 level before rallying 2.20% and settling in the $67,000 range. QCP Capital noted that there was significant movement in the options market during US trading hours, with intense buying interest in long-term options. In particular, 600 contracts were traded at $120,000 for the March 28 expiration. According to QCP, this indicates a revival of optimistic and long-term buyers and increased confidence that prices will rise…
Ethereum (ETH) could be poised for a new record high as the second-ranked cryptocurrency by market cap mimics Bitcoin’s (BTC) past bull run. Ethereum has yet to hit a record high in the current market cycle, while Bitcoin has reached an all-time high shy of the $100,000 milestone. Now, Ethereum’s current technical setup is mimicking Bitcoin’s 2014-2017 trajectory, where both assets experienced a similar bear market phase, followed by the early stages of a bull cycle, according to trading expert TradingShot’s analysis shared in a TradingView post on November 29. Therefore, Ethereum might follow a well-established path to new highs…
In the last 24 hours, dog-themed cryptocurrency Shiba Inu has registered 2.23 trillion SHIB in large transaction volume, which provides an idea of the total amount transacted by whales in a given day. According to IntoTheBlock data, Shiba Inu’s large transaction volume came in at $36.81 million or 2.23 trillion SHIB in the past day, representing a 60.73% increase. Despite this significant activity, the price of Shiba Inu remains in the red, reflecting the broader market’s volatility. At the time of writing, SHIB was down 4.83% in the last 24 hours to $0.00001689 and down 12.83% weekly. Cryptocurrencies fell broadly…