Author: NBTC
Reserve Rights Token (RSR) price continued soaring this week as investors continue focusing on tokenization. It peaked at $0.013 on Tuesday, 720% above its lowest level in 2023. This makes it one of the best-performing tokens in the market. Reserve Rights Token chart Reserve Rights has done well because of continued inflows in its ecosystem and the hopes that tokenization will continue doing well. In a statement, the developers noted that the ecosystem’s reserves had jumped to over $102 million. One. Hundred. Million.🫳•••🎤 pic.twitter.com/T8AO4EBQYs — Reserve (@reserveprotocol) March 27, 2024 These inflows continued on Wednesday. According to DeFi Llama, the…
According to cryptocurrency analytics platform Lookonchain, a major Bitcoin whale recently purchased 620 Bitcoins ($39.8 million) at the bottom of a recent price correction. The whale in question has acquired an astonishing $282.38 million worth of Bitcoin at an average price of $64,471. In the meantime, the Bitcoin price has already walked back the entire price plunge. According to CoinGecko data, the flagship cryptocurrency is currently trading at $64,676 after previously dropping to $62,923. card As reported by U.Today, the sharp drop was caused by fresh US economic data that showed rising inflation and slowing GDP growth. Futures traders have…
Forbes Senior Contributor Billy Bambrough has argued that XRP benefited from the $300 billion influx that hit the crypto market recently. XRP Impacted in Market $300B Influx In a recent publication, Bambrough highlighted that Bitcoin and major coins like XRP witnessed sudden rallies. The Forbes senior contributor underscored that Bitcoin has surpassed the $70,000 mark, nearing its all-time peak of $73,850 in the last 24 hours. Goldman Sachs Reveals Bitcoin Game-Changer As $300 Billion Price Earthquake Hits Ethereum, XRP And Crypto Market https://t.co/a9k5e0l65m pic.twitter.com/S2NOHBkrMT — Forbes (@Forbes) March 25, 2024 Additionally, he pointed out that XRP and other leading cryptocurrencies…
The price of dog-themed cryptocurrency Shiba Inu (SHIB) has seen a notable surge in the last 24 hours. Shiba Inu surged by as much as 11% before erasing some of its gains amid profit-taking on the overall cryptocurrency market. The surge in the SHIB price comes on the heels of the announcement of new listings for both SHIB and BONE ShibaSwap (BONE), the Shiba Inu governance token, and also Shibarium’s gas token. LBank crypto exchange recently announced a new futures listing: BONE perpetual is now available on the platform with up to 50x leverage. #LBankFutures New Listing🚀💎 $BONE perpetual with…
The fourth Bitcoin halving may be considered to be the most memorable, as industry experts believe this event was unlike any other. Bitcoin miners, in particular, were pleasantly surprised, as the recent halving sent BTC transaction fees soaring to record levels. As a result, Bitcoin miners saw an impressive amount in total revenue. According to YCharts, miners took in a record $107.8 million on the day of the halving. This came as a shock, as the halving was supposed to create a steep cut in revenue for crypto miners since rewards for new data blocks dropped by 50% during the…
Several cat-themed meme coins are trending on CoinGecko, with some recording three-digit gains over the past week. While the overall crypto market is seeing a brief liquidation, as traders are taking profits from leading assets like Bitcoin and Ethereum – the meme coin market continues to reach new heights. The meme coin market cap increased by 4% today, despite the overall crypto market cap dipping by 1.5%. New presale tokens are largely driving this meme coin rally as investors continue to look for new projects, after the recent success of BOME and Slerf. However, cat-themed tokens seem to be experiencing…
An analyst from the cryptocurrency analysis platform CryptoQuant predicted the price of Bitcoin 30 days later using the concept of deep learning. Analysts stated that the data in question is not investment advice and is shared for research purposes only. Researchers examined onchain data on the CryptoQuant platform and used them to train an artificial intelligence model. To make these predictions, analysts gave 376 different onchain data collected since 2012 to artificial intelligence. According to the researchers’ claim, the model in question made an accurate 1-month prediction using the onchain data of the last year in the studies. According to…
Despite the legal tussle between the SEC and Ripple, XRP has continued to attract the interest of institutional clients leveraging the coin for cross-border settlements. Prominent crypto expert Zach Rector has provided new evidence showing significant demand for XRP despite the coin being at the center of a multi-year legal tussle between the U.S. SEC and Ripple. In a post yesterday, Rector shared an excerpt from the SEC’s opening remedies brief, suggesting that Ripple has entered into 80 institutional sales contracts since the lawsuit was filed in December 2020. “Ripple was forced to disclose that it has entered into more…
The Bitcoin price continues to fluctuate wildly after crashing from its all-time high price above $73,000. This has triggered a wave of bearish sentiment in the market, causing a large number of crypto traders to go short on the pioneer cryptocurrency. As a result, these bears lose, risking a large amount if the Bitcoin price resumes its bullish rally. Bears Will Lose $7.2 Billion If Bitcoin Reclaims All-Time High In a post shared on X (formerly Twitter), crypto analyst Ash Crypto revealed an interesting trend concerning Bitcoin that has been developing. The screenshot shared shows that a large number of…
According to The Block, AltLayer is launching its token staking service. Accordingly, AltLayer enables staking of its native token ALT, allowing its owners to contribute to the economic security of its ecosystem. Sharing from the X account, the AltLayer team wrote: “ALT staking is now live. We are starting the phased launch of MACH Alpha. With staking, ALT holders can participate in the ecosystem and contribute to providing economic security. ALT staking kicks off phased launch of MACH Alpha. MACH Alpha was developed as an actively verified service on EigenLayer and to prioritize economic security. This service will support Optimism…