Author: NBTC
Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum’s implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereum’s scalability and economic dynamics. “Many people arguing about blobs, but so far no one has simulated how they respond to demand… until now,” Robinson stated. “TL;DR: Blobs are insanely bullish for ETH long term.” Why Blobs Are ‘Insanely Bullish’ For Ethereum Price Blobs, introduced in Ethereum Improvement Proposal (EIP)-4844, are large data structures designed to enhance the…
Due to a strong decline in price, valued at approximately 34% during the previous four months, Cardano has gained some negative attention. One possible explanation for the crash, according to a tweet addressed to the Cardano founder, is that the APE Society, a well-known NFT project, is leaving the Cardano ecosystem. The user went on to accuse Charles Hoskinson, the founder of Cardano, of pushing away projects with what he calls toxicity. Charles Hoskinson took this criticism seriously. I am supremely glad that your toxic drama and extreme ego are gone. It’s a lot more peaceful — Charles Hoskinson (@IOHK_Charles)…
Following September’s slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase. Bitcoin Mining’s October Comeback On Oct. 31, one petahash per second (PH/s) of computing power was valued at $54.52 per PH/s, the highest hashprice in 30 days. As of today, however, the spot market hashprice stands at roughly $46.55 per PH/s after bitcoin slipped below $70,000 to the $69,400 range. Data also shows that on Oct. 17, hashprice edged past the $53 mark as well. In total, bitcoin miners earned 25.05% more in October compared to September. That month,…
Ethereum’s support line has held firmly at $2,770, preventing further downside over the past three months. Analysts expect a possible breakout in November or December, pushing Ethereum toward a $3,700 target. Market dynamics indicate a bullish trend, with the 100 EMA supporting ETH’s upward trajectory. Ethereum (ETH) is holding strong at a vital support line, signaling possible bullish momentum ahead. According to a three-day price chart, Ethereum has maintained its position along a rising support line that has sustained its recent uptrend. This pattern and technical signals suggest a possible breakout by year-end, with analysts eyeing a target of $3,700.…
Justin Sun, the founder of Tron, believes the blockchain can now be succinctly described as a “Solana killer.” Sun expressed this perspective during a recent interview with Altcoin Daily. His statements emphasize Tron’s ambition to dominate the meme coin space, outperforming other blockchains in key areas such as liquidity, transaction speed, and security. Tron’s Competitive Edge In the interview hosted by Austin Arnold, Sun compared Tron to other prominent blockchains, particularly Solana and Ethereum. According to Sun, Tron offers faster and cheaper transactions than Ethereum while remaining resistant to issues like Maximal Extractable Value (MEV), which can affect transaction fairness.…
Este artículo también está disponible en español. Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $58,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $57,650 or $58,000 resistance levels in the near term. Bitcoin Price Takes Hit Bitcoin price…
Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term. Ethereum started a fresh decline from the $2,720 resistance zone. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $2,450 support zone. Ethereum Price Dives Below $2,550 Ethereum price struggled to stay above $2,650…
The much-anticipated launch of the token for the popular Telegram project Catizen (CATI) will take place on September 20. Spot trading of CATI on OKX will begin on September 20 at 10:00 UTC, according to the official announcement from the exchange platform. Here’s what you need to know about the Catizen token launch ahead of its listing. Catizen on OKX and Other Exchanges CATI deposits became available on September 9. On the listing day, a call auction will take place from 9:00 to 10:00 UTC (12:00 to 13:00 Kyiv/Moscow). After that, spot trading of the token will open in pairs…
The price of Bitcoin (BTC) is in a sideways trend following the price crash on August 27. Bitcoin traded below the moving average line last week, but above the $58,000 support level. Long-term forecast for the Bitcoin price: fluctuating Today, the largest cryptocurrency fell below its current support and reached a low of $56,010. On the downside, Bitcoin has moved away from the moving average lines. In other words, the bears will try to push Bitcoin down to the $55,000 support. Since the price drop on August 5, Bitcoin has remained above the $55,000 support but below the moving average…
Peter Brandt, considered by many as a trading legend, and whose insights are followed by many with special attention, has released a new review of the Ethereum price. It is difficult to call it positive, to say the least. Thus, the expert showed on the price chart of the main altcoin what could be a potential 38% collapse in its quotes. Now quoted at levels around $2,500 per ETH, the digital asset still looks bearish in the trader’s opinion, and despite the recent brief “greening” of the price, Ethereum has not received a buy signal. As you can see on…