Author: NBTC
The Bored Ape Yacht Club (BAYC) collection surged to the top of the non-fungible token (NFT) market with US$1.33 million in sales on July 31, according to CryptoSlam data. The collection slumped throughout July and hasn’t had a single day above US$1 million until Wednesday. The unusual surge has been attributed to Ape Finance, a project that deployed a new contract that allows traders to lock their BAYC NFTs to mint 100 million $BAYC fungible memecoins. The tokens can be burned to claim back the NFTs. One investor who identified the opportunity early boasted a US$150,000 profit in just one…
Ethereum, one of the most popular cryptocurrencies, has seen its value fluctuate over time. With August approaching, many are wondering if ETH could experience a significant drop, potentially falling to $1000. In this article, we’ll explore the factors that could influence Ethereum price prediction, what experts are saying, and what this could mean for investors. How has the Ethereum Price Moved Recently? ETH/USD Daily Chart- TradingView Ethereum is currently priced at $3,173.58 with a 24-hour trading volume of $20.13 billion, a market cap of $381.26 billion, and a market dominance of 16.48%. Over the past 24 hours, the ETH price…
Micropayments on the XRP Ledger (XRPL) have driven a substantial growth in transactions. The notable increase in transactions per second (TPS) on XRPL points to rising network activity. Recent data shows an 80% rise in transaction volume in merely one week, reflecting a surge in micropayment activities. Discover how micropayments are revolutionizing the XRP Ledger ecosystem, driving unprecedented growth in transaction volumes. Explosive Growth in XRP Ledger Transactions The XRP Ledger has seen a remarkable surge in transaction volumes, primarily driven by an increase in micropayments. This trend is bringing newfound attention to the potential applications of XRPL. The transaction…
On August 1, the Court of Appeal of Montenegro upheld a decision to extradite Do Kwon to South Korea, denying the U.S. its extradition request and reportedly making a ‘final’ decision. Kwon, a South Korean national, is implicated in a $40 billion crypto fraud linked to the collapse of the Terra cryptocurrencies. Kwon’s legal saga began with the crash of TerraUSD and Luna in May 2022, triggering significant investor losses. Timeline of Do Kwon’s arrest In March 2023, he was arrested in Montenegro while attempting to travel with forged documents. He received a four-month prison sentence, during which multiple extradition…
A closely followed on-chain analyst thinks a deeper drawdown could ultimately end up as the spark that ignites a Bitcoin (BTC) rally to fresh highs. In a new interview on the What Bitcoin Did podcast, pseudonymous analyst Checkmate says on-chain data suggests that BTC has seen a significant decline in sell-side pressure since April when people unloaded their holdings near all-time highs. But the analyst says Bitcoin is still having trouble sustaining its uptrend due to the absence of fresh demand. “The one that we saw in the ETF (exchange-traded fund) peak, about 30% of that was GBTC but not…
The DeFi scene is seeing new life as Aerodrome, Ether.fi, and zkSync Era lead the pack in getting new users. Token Terminals shared data showing Aerodrome had a big win. It gained over 150,000 new tokenholders in one week growing by 12.2%. Accumulation pattern? 👀✍️ pic.twitter.com/CSy8tSuy4Y — Token Terminal (@tokenterminal) July 31, 2024 This surge reflects a broader trend as innovative platforms reshape the crypto space, enticing users with unique offerings and robust investment opportunities. DeFi user Growth Among Major Protocols Aerodrome Finance has become a key player in the DeFi world since it started in 2023. People call it…
The price of Ethereum (ETH) has been falling as it faces rejection at the moving average lines. Long-term analysis of the Ethereum price: bearish On July 29, buyers tried to hold the price above the moving average lines but failed to do so. Ether is falling as it approaches the current support at $3,093. Currently, the altcoin has reached a low of $3,172. Should the bears breach the current support at $3,093, Ether would fall to its previous low of $2,850. However, if the current support at $3,093 holds, the largest altcoin will be forced to move in a rangebound…
According to data provided by CoinMarketCap, XRP is the most traded cryptocurrency on Upbit, the leading South Korean cryptocurrency exchange. The XRP/KRW pair generated $448.5 million in trading volume over the last 24 hours. Notably, the SHIB/KRW pair comes in a distant second place with $178.5 million worth of trading volume. Bitcoin, the leading cryptocurrency, is only in third place with $171.4 million. A major crypto hub South Korean traders are particularly keen on altcoins, with smaller tokens typically attracting substantial trading volumes on local exchanges. As reported by U.Today, the Korean won managed to surpass the U.S. dollar by…
A former chief executive of a crypto platform is trying to build a crypto following for Vice President Kamala Harris, hoping to raise money and secure industry endorsements for the Democratic presidential candidate. Former Uphold CEO J.P. Thieriot says he’s hoping to counter the digital assets sector’s recent enthusiasm for former President Donald Trump. The former CEO of crypto platform Uphold, J.P. Thieriot, is trying to drum up crypto support for Vice President Kamala Harris as she pursues the Democratic nomination in the presidential election, arguing that former President Donald Trump is offering empty promises to the industry and Harris…
After a price drop on June 24, the Bitcoin (BTC) price is consolidating above the psychological price threshold of $60,000. Long-term Bitcoin price forecast: bearish On June 24, the long candlestick tail indicates significant buying pressure at the lower price level. The largest cryptocurrency is consolidating in a limited price range between $60,000 and $63,000. Bulls and bears are vying for price control. Should the bears break the current support of $60,000, Bitcoin will fall to a low of $56,710. The bearish momentum will extend to the psychological price threshold of $50,000. On the upside, Bitcoin will resume its positive…