Author: NBTC
Ethereum (ETH), navigating the volatile cryptocurrency market, continues to attract the attention of analysts and investors alike. Recent technical analyses and predictions offer insights into the potential trajectory of this leading digital asset over the coming years. Current Market Performance and Short-term Projections As of press time, Ethereum is trading at approximately $3,080.14, reflecting a modest 1.36% decline over the past 24 hours. The market cap stands at $370.27 billion, down 1.37%, while the 24-hour trading volume of $15.42 billion has increased by a notable 13.53%. Recent price movements have established critical support levels around $3,050 – $3,060, where buying…
Airdrops are a popular marketing tactic used by blockchain projects to reward early adopters, attract new users, and promote their tokens. By participating in airdrops, you can get free tokens just by completing simple tasks like following the project on social media or joining their Telegram group. In this guide, we’ll cover everything you need to know about the best crypto airdrops, including how they work, how to participate, and where to find them. Here are thebest crypto airdrops available in 2024: CEX.IO – A crypto exchange launching CEXP tokens through a Telegram app Tea – Decentralized open source software…
Upbit Global introduces USDT support on the TRON network with no withdrawal fees. The TRON network processes 6.75 million transactions daily, indicating robust activity. Upbit Global, a popular cryptocurrency exchange, has added support for the stablecoin USDT on the TRON (TRC20) network, allowing for deposits and withdrawals of this token. To commemorate this achievement, Upbit stated that USDT withdrawals conducted via the TRON network will be free of charge. This fee waiver is a smart move to encourage more users to use the TRC20 network, which is well-known for its low transaction costs and efficiency. Introduction of USDT Support on…
As the cryptocurrency market finds its next direction amid recent volatility, Michael Saylor, cofounder and chairman of MicroStrategy, has once again made a powerful Bitcoin statement that has resonated with the crypto community. In a tweet, Saylor stated, “Bitcoin is the balance of Power.” The statement “Bitcoin is the balance of Power” might suggest that Saylor envisions a future where cryptocurrencies play a pivotal role in leveling the playing field, providing a counterweight to centralized financial power. #Bitcoin is the ₿alance of Power. pic.twitter.com/GS44HV6q5Y — Michael Saylor⚡️ (@saylor) July 10, 2024 As Bitcoin adoption continues to grow, the balance of…
A widely followed crypto analyst believes that Bitcoin (BTC) could continue to outperform Ethereum (ETH) even if a spot ETH exchange-traded fund (ETF) were approved as expected. In a new video update, crypto strategist Benjamin Cowen tells his 803,000 YouTube subscribers that Bitcoin could continue to have an edge over Ethereum as past narratives about ETH outperforming BTC haven’t lived up to the hype. “I ultimately don’t think the spot ETF for ETH will necessarily keep the ETH/Bitcoin valuation from staying at relatively low levels… There’s been so many narratives that have been given out over the last few years…
They say you should sell shovels during a gold rush. Pump.fun, the Solana memecoin generator, has certainly nailed that strategy. So much so that minting a personalized token on the platform is now, apparently, a rite of passage for celebs. Over the past four days, Caitlyn Jenner’s X account has nonstop bull-posted about her own token, JENNER, which her team launched on Solana through Pump.fun earlier this week. The videos are strange and surreal, leading to some speculation that Jenner’s account had been compromised with deepfakes, apparently to pump and dump an unofficial memecoin. Read more: Is anyone having fun…
The Mt. Gox Bitcoin (BTC) and Bitcoin Cash (BCH) repayments have been a major pressure point for the crypto market and community for years. The situation turned particularly hot in the summer of 2024 as the failed BTC exchange not only began returning assets to its creditors after a decade, but drama swiftly emerged as various middlemen entities revealed there would be a substantial delay before the cryptocurrency was processed and fully returned. Kraken, in particular, came under fire as it announced a 90-day deadline – the longest among the major crypto exchanges – to fully complete the Mt. Gox-related…
Bitcoin’s (BTC) price troubles have reduced trading activity on the leading cryptocurrency exchange, Coinbase. This is measured by the coin’s Coinbase Premium Index (CPI), which has dipped into negative territory. American Investors Reduce Their Exposure On-chain data show that Bitcoin’s Coinbase Premium Index is -0.003 at press time. This metric measures the difference between BTC’s prices on Coinbase and Binance. Bitcoin Coinbase Premium Index. Source: CryptoQuant When its value grows, it suggests significant buying activity by US-based investors on Coinbase. Conversely, when it declines and dips into the negative territory, it signals less trading activity on the US-based exchange. Confirming…
According to Glassnode, Ethereum, the second-largest cryptocurrency by market capitalization, has seen its valuation climb by $354 billion, or 267%, since November 2022. Leading cryptocurrency exchange FTX, once valued at $32 billion, collapsed in a matter of days in November 2022. This information was presented in an H1, 2024, report entitled, “Digital Assets: Insights and Market Trends” jointly published by CME Group and Glassnode, which provides a complete overview of the digital asset landscape. #Bitcoin’s market cap increased by $1.13 trillion (+370%) since November 2022, and #Ethereum’s valuation rose by $354 billion (+267%) over the same period.Discover more insights from…
The total value locked (TVL) on popular Cardano-based decentralized exchange Danogo soars nearly 10X over the past seven days. Leading Cardano-based decentralized exchange Danogo has highlighted the dramatic increase in the total value locked (TVL) on its protocol. Danogo’s TVL Spikes Nearly 10X in Seven Days In an X post today, Danogo pointed out that its TVL surged nearly tenfold over the past seven days. Following the jaw-dropping milestone, Dango claimed to be the leading Cardano-based protocol with the highest TVL change in the past seven days. Data attached to the tweet shows that Danogo’s TVL spiked 921.43% within this…