Author: NBTC
A recent analysis of Bitcoin’s Net Unrealized Profit/Loss (NUPL) provides intriguing insights into its market dynamics, suggesting an emerging uptrend. NUPL, a popular indicator used to gauge the overall sentiment of Bitcoin holders by measuring the division between unrealized profit and unrealized loss, remains above the pivotal 0.50 mark. This threshold often indicates that most Bitcoin holders are in a state of profit, which can precipitate bullish market behavior. NUPL Analysis: Indications of Market Sentiment and Potential Uptrend“The fact that the technical aspects of the price and NUPL are correlated and NUPL remains above 0.50 may reflect that we are…
Amid the ongoing pullback in Solana, whale activity involving SOL has been on the rise, particularly in staking wallets. Transaction records on SolScan reveal substantial whale activity, with several SOL transfers from Binance to the wallet address AA21…VxH9. Lookonchain’s analysis indicates that this whale moved 206,111 SOL, valued at $36 million, from the Binance exchange over the past nine days. Whales continue to buy $SOL and stake it! AA21…VxH9 has withdrawn 206,111 $SOL($36M) from #Binance and staked it in the past 9 days.https://t.co/1vpVWG5SSK pic.twitter.com/42EAFnhQ7D — Lookonchain (@lookonchain) October 31, 2024 Such movements, especially from large holders, typically indicate an optimistic…
Glacier Network has recently announced its latest collaboration with a Web3 platform KOLZ. The partnership between Glacier Network and KOLZ targets to develop AI-driven programmable and scalable blockchain infrastructure. The platform took to social media to disclose the respective development. 🔊 Announcing Partnership With @ChatKolzWith Glacier’s scalable infrastructure for #CryptoAI, we will empower devs to build apps and also to leverage the knowledge and influence of top influencers in this space.Enabling the next-level interactions.https://t.co/cd2YlfqkMg — Glacier Network 🧊 (@Glacier_Labs) November 20, 2024 Glacier Network Partners with KOLZ, Leveraging AI-Powered Blockchain Infrastructure Glacier Network pointed out that the collaboration intends to…
Crypto options traders are increasing their bets that bitcoin will touch fresh highs by the end of November, per Bloomberg. Options due to expire on November 8 have their highest open interest at the $75,000 strike price, indicating a key market focus area for that period. Bitcoin (BTC) may cross previous highs in the coming weeks regardless of which candidate becomes the U.S. president, some traders say, in a shift of tone ahead of the November elections. Traders have long perceived Republican Donald Trump’s victory as a bullish catalyst for the industry for his pro-crypto stance and promises to make…
Hyve, a Symbiotic-secured high-throughput middleware data availability protocol, is excited to announce a strategic partnership with Lido, the industry-leading liquid staking protocol for Ethereum, to create X Committee, HyveDA’s next permissionless, Ethereum-aligned DAC. Through the staked ETH underpinning validators, HyveDA will be able to expand Ethereum’s security by listing Lido’s wstETH as the first collateral accessible on the X Committee. The 1GB/s data availability solution from HyveDA will now be secured by wstETH, which accounts for over 65% of Symbiotic’s $2.1 billion TVL. This partnership highlights HyveDA’s commitment to use the most liquid, safe, and widely available assets to ensure…
An analyst who nailed the pre-halving Bitcoin correction this year believes BTC is solidifying its odds of witnessing a trend shift soon. Pseudonymous analyst Rekt Capital tells his 506,300 followers on the social media platform X is very close to stepping into bull territory after soaring above $69,000 last week. According to the crypto strategist, the move marks the end of Bitcoin’s bearish trend that began in March. BTC has weekly closed above the red resistance area above the channel top (black). “Key takeaways: • The multi-month downtrend is over • BTC has broken out from its downtrending channel •…
PEPE, the frog-themed meme coin with a market capitalization of over $3.9 billion, appears set to clear one zero from its price. Over the past seven days, PEPE has witnessed a significant price decline. However, the token began its rebound on Oct. 28 as investors’ interest picked up once again. Market volume and price rebound fuels optimism As of this writing, data shows that PEPE’s market volume has climbed by 14.13% within the last 24 hours. This has seen PEPE’s market volume soar to $791.15 million as bullish sentiment for the meme coin soars. PEPE has shown an aggressive rebound…
Cardano revolutionizes blockchain with sustainable, peer-reviewed solutions for real-world use cases like supply chain and credentialing. Immutable X drives secure, scalable NFT transactions with zk-rollups, empowering gaming and digital asset creation on Ethereum. SPACE ID transforms Web3 domain management, unifying digital identities with cross-chain support and user-centric tools. Blockchain is reshaping different sectors with various platforms such as Cardano, Immutable X, Covalent, Amazy, and SPACE ID. It showcases innovative solutions for smart contracts, NFTs, data, fitness incentives, and Web3 domains, to name a few more among its users. Cardano (ADA) Empower Decentralized Solutions Current price: $0.8024 Market cap: $28.13B Cardano(ADA),…
Concerns about rising U.S. Treasury yields and Fed’s supposed policy mistake may be overblown, according to TS Lombard. BTC’s daily chart shows an impending golden cross, signaling bullish outlook. Bitcoin’s (BTC) latest failure to surpass $70,000 has analysts scrambling for an explanation, with some worrying the ongoing rise in the U.S. Treasury yields could lead to an extended drop. The concerns, however, may be overblown, and the path of least resistance for bitcoin remains on the higher side, consistent with the upcoming coveted “golden cross” price pattern. The yield on the U.S. 10-year note topped its 200-day simple moving average…
io.net, the premier decentralized physical infrastructure network (dePIN) for GPU clusters, has announced a comprehensive strategic collaboration with GAIB, the economic layer for the AI and computing future. Through the agreement, the two parties will pledge to further their common goal of democratizing access to GPU computing resources. The enlarged relationship will include a number of projects aimed at promoting innovation and enhancing accessibility to GPU computing, building on GAIB’s longstanding position as a major GPU provider to io.net’s decentralized distributed compute network. The organizations will pay special attention to business growth potential, technological integration, community involvement, and strategic marketing.…