Author: NBTC
Ethereum (ETH) presently attempts to stay above the crucial technical and psychological support of $3,000. This will more than likely be possible only when the ETH holders opt to pull away from selling and HODL, which happens to be the case. Ethereum Investors Move to HODL Ethereum’s price trading at $3,177 is hovering above the $3,000 support floor, with ETH holders now exhibiting more bullishness than before. Signs of this resilience are visible in the supply shift and behavior change. The deposits observed on-chain have noted a drawdown of 27% in the past week, which is a positive signal. Active…
At the NVIDIA GTC 2024 conference, a premier event for AI hardware innovation, the spotlight was on the future of AI, Blockchain and Open Web innovation. Among the speakers was Illia Polosukhin, co-founder of NEAR Protocol (NEAR), who shared her views on the evolution of artificial intelligence models and the important roles of Blockchain and token economies. Polosukhin was the only Blockchain industry founder to speak at the NVIDIA event. The “Transforming AI” panel, hosted by NVIDIA CEO and co-founder Jensen Huang, featured all but one of the co-authors of the groundbreaking 2017 research paper “Attention is All You Need.”…
The creator of the popular ‘Bitcoin Power Law’ has unveiled a chart detailing his price model’s exact BTC price targets for the next several market cycles. The model predicts that Bitcoin will reach $218,875 at its cycle peak in November 2025, before descending to $96,677 at its bottom in December 2026. What Is The Bitcoin Power Law? The Bitcoin Power Law is a long-term price model that forecasts Bitcoin’s future market value as if it were bound by the laws of physics. The man behind the model – Giovanni Santostasi – is a former physics professor, who believes Bitcoin’s long-term…
Hong Kong’s newly launched spot crypto ETFs might help us predict what ether ETF demand could look like in the US. Or not. Either way, the new funds offer a jumping-off point, so to speak, for considering the current differing investor appetites for ETH and BTC and how that could evolve. The Securities and Exchange Commission approving spot bitcoin ETFs in January offered exhilaration during a month often marred by the holiday hangover. Many wondered what the demand for these long-awaited products would amount to out of the gate, and long-term. Another common question after the industry’s regulatory victory: When…
Explore the latest updates on Filecoin (FIL), showcasing significant growth and ecosystem developments. Understand the impact of recent technological advancements on FIL’s market performance. “Filecoin’s storage capacity exceeds 15 EiB, indicating its potential for further adoption and price increase.” This article delves into Filecoin’s recent price surge, technological updates, and its implications for the future of digital storage on the blockchain. Price and Market Value Insights As of March 26, 2024, FIL’s price stands at $9.708, marking a 5.23% increase over the last 24 hours and a 12.45% rise over the past week. With a current market capitalization of $3.64…
Quick Take Farside data shows that the Bitcoin (BTC) exchange-traded funds (ETFs) market saw a total inflow of $31.6 million on April 23. The market has experienced a surge in inflows over the past few days, with April 23 marking the third consecutive trading day of positive net inflows. BlackRock’s IBIT led the charge, which recorded a net inflow of $37.9 million, its highest since April 15. This brings IBIT’s total net inflow to an impressive $15,478.6 billion. Ark’s ARKB also saw a substantial inflow of $33.3 million, marking its most significant inflow since March 27 and pushing its total…
As blockchain teams strive for the holy grail of mainstream adoption, making crypto wallets easier to use is suddenly at the top of the agenda. Ethereum developers have been moving along with their discussions and inclusions of certain Ethereum Improvement Proposals (EIPs) for the blockchain’s next big hard fork, Pectra. One of the proposals that has drawn both support and concern from the Ethereum community is EIP-3074, a code change that is supposed to improve the user experience with wallets on the blockchain. Ethereum developers have tackled issues in the past that would make the user experience with wallets easier,…
A cryptocurrency trader has managed to make over $1.6 million in less than an hour by trading a little-known cryptocurrency shortly after it opened for trading, in yet another case in which traders believed to be developers behind projects take advantage of initial price surges. According to on-chain analysis service Lookonchain, the trader spend just 0.24 BNB, around $138, to buy 375.4 billion $PUMP tokens wth over 6 BNB worth $3.48 million. The price of $PUMP later on surged, and the trader sold 360.4 billion tokens for 8,759 BNB worth $5.08 million. In total the trader managed to realize a…
The chief executive of investment firm Morgan Creek Capital says that the digital asset industry is set to be inundated by hundreds of billions of dollars coming from the baby boomer generation. In a new interview with crypto influencer Scott Melker, Morgan Creek Capital CEO Mark Yusko says that within the next 12 months, he expects asset managers who manage funds for boomers to put $300 billion into the crypto space. “We have a pretty significant demand shift and it hasn’t fully played out, in fact it hasn’t even come close to fully playing out… I believe in the next…
As a key May deadline for spot Ethereum exchange-traded fund (ETF) applications in the U.S. draws closer, shares of Grayscale’s Ethereum Trust (ETHE) appear to have found firmer footing. As of Friday, shares in Grayscale’s ETHE traded at a 22% discount relative to the funds’ crypto holdings, according to data from YCharts. Since March 22, that discount has ranged between 21% and 26%, widening from as little as 8% earlier that month. Many crypto market analysts have expressed doubt that spot Ethereum ETFs will be approved in the U.S. in the short term. We will know soon enough, as the…