Author: NBTC
Ethereum’s price has been stuck in a consolidation phase, trading between $2,700 and $2,340, without a clear breakout in sight. Despite recent dips below its uptrend line, a historical pattern suggests the possibility of a future rally. If Ethereum can maintain key support levels, a breakout may be on the horizon. Ethereum Repeats History Analyst CryptoBullet recently highlighted that the ETH/BTC chart may be forming a bottom, resembling a pattern seen in late 2016. At that time, Ethereum rallied 2,738% over the following months. While such a spike is unlikely in today’s market, the formation is encouraging for investors. However,…
The cryptocurrency market saw a slight increase in trading activity this week, with global market capitalization rising by 3% over the seven-day period. This growing optimism has led whales to accumulate assets such as Telegram-linked Toncoin (TON), the leading altcoin Ethereum (ETH), and AI-driven Artificial Superintelligence Alliance (FET). Toncoin (TON) This week, crypto whales have paid attention to Toncoin (TON) as its price continues to grow. This rally comes a week after Telegram CEO Pavel Durov broke his silence regarding his arrest in France. At press time, the altcoin trades at $5.55, having seen a 16% price hike over the…
The ongoing legal conflict between Ripple Labs and the US Securities and Exchange Commission (SEC) continues to spark debate, with a $125 million fine levied against Ripple over alleged unregistered securities sales. Ripple recently appealed aspects of Judge Torres’s ruling, which categorised some XRP sales as unregistered securities, leading to questions over the SEC’s regulatory approach and potential impact on the broader digital asset sector. Ripple contends that the ruling misinterpreted the Howey test—a critical regulatory standard—and overlooked the regulatory ambiguities facing digital currencies. Where will Ripple’s $125 million penalty go? Ripple’s penalty has raised questions regarding the ultimate beneficiary…
Osmosis has introduced a digital asset spending card, supported by Cypher HQ, that allows users to seamlessly make purchases worldwide. Utilizing the extensive Visa network, the Osmosis Card is accepted by over 40 million merchants in more than 140 countries. Don’t fear, Osmosis Pay is here! 🧪💳Powered by @Cypher_HQ_, experience the freedom of spending your assets on Osmosis just like cash.Using the VISA network, the Osmosis Card is supported by 40+ million merchants across 140+ countries 🌐Here are the deets 👇 pic.twitter.com/3j4WB5T7Hb — Osmosis 🧪 (@osmosiszone) November 4, 2024 This launch signifies a major step in making digital assets readily…
Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance. Ethereum started a fresh decline from the $2,550 resistance zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $2,445 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it surpasses the $2,445 and $2,500 resistance levels. Ethereum Price Extends Losses Ethereum price struggled to stay above $2,500 and started a fresh decline like…
Celestia (TIA) aims to popularize its node structure by running a node in anyone’s browser. Using the TIA block explorer temporarily turns every user into a node operator. Celestia, the Data Availability network with modular scaling, is trying out a novel way of spreading awareness. Anyone opening the Celestia block explorer starts running a light node, serving to secure and decentralize the network. Celestia is approaching its first anniversary after launching its main net on October 31, 2023. The Celestia chain offered a Data Availability layer even before EigenDA, with the goal of becoming an intermediary between L2 and Ethereum…
The 2024 U.S. presidential election isn’t over yet, but politically-minded crypto companies have already turned their attention to fundraising for the 2026 midterm elections. Venture capital firm Andreessen Horowitz (also called a16z) donated another $23 million to pro-crypto super political action committee (PAC) Fairshake for the 2026 midterm election cycle, according to a blog post from Chris Dixon, a partner at a16z and the founder and leader of its crypto division. “Regardless of what happens in the 2024 elections, we’re committed to supporting policymakers, irrespective of party affiliation, who will work to establish a practical regulatory framework that protects consumers…
Aave (AAVE) may face selling pressure as whales and market makers are moving tokens back to centralized exchanges. Several large transactions moved AAVE to OKX, Binance and MEXC, potentially stalling the asset’s rally. Aave (AAVE) may stop its growth after several large whales sent tokens to Binance. The lending protocol expanded in 2024, as it became the main source of yield. Three whales moved AAVE to centralized exchanges, with potential price pressures on the token. One of the transactions belonged to market maker Cumberland, which moved 10K AAVE to OKX. Galaxy Digital and a smaller holder also unstaked their AAVE…
Market watchers are eyeing Ethereum (ETH) closely, with analyst Ali Martinez noting the possibility of a rally to $10,000. Since March, Ethereum has shown a downward trend, prompting speculation about its ability to recover and achieve substantial gains in the next bull market. An analyst has argued for Ethereum’s potential for growth, especially when drawing comparisons to the S&P 500’s market trends. Ethereum’s Correlation with the S&P 500 Market analyst Ali Martinez has highlighted Ethereum’s relationship with the S&P 500 (SPX) as a point of interest. Martinez shared comparative charts showing Ethereum (ETH/USD) alongside the S&P 500 Index. Both assets…
According to the 99 Year Golden Eagle Model, which solely considers XRP’s utility as a medium of exchange, the fair market value of XRP extends to five digits. XRP has lagged relative to the broader crypto market since it dropped from the $3.31 all-time high in January 2018. However, some market watchers attribute this underperformance to the SEC lawsuit, which ran from December 2020 to August this year. Other price suppression theories have also emerged. Consequently, industry commentators believe the current XRP market price is far below its fair market value. As a result, last year, Valhil Capital execs pooled…