Author: NBTC

So far, Bitcoin has seen a mixture of bulls and bears just in the past day alone. Although bulls appear to be taking the lead given its current market performance, will this be sustainable? Before the US Federal Reserve announcement of the rate cuts, Bitcoin experienced a slight dip in its trading price. However, following the announcement, the leading crypto saw a sudden price surge, reclaiming the $60,000 mark. Bitcoin continues to show bullish strength, trading at $63,006, reflecting a 5.6% increase over the past 24 hours. Is This Bitcoin Rally For Real? The sudden bullish performance from Bitcoin recorded…

Phoenix Group identified some crypto assets which are still in the accumulation phase. The accumulation phase occurs after a market has reached its worst with the lowest possible price. It is a period of relative stability where more investors gain an early position by buying cryptocurrencies with the view of a future rise in price. MOST RECENT ASSETS IN THE ACCUMULATION PHASE $AGI $CETUS $NTRN $IQ $DODO $ALT $VGX $ZETA $KDA $STPT pic.twitter.com/XUxVq8K5Ud — PHOENIX – Crypto News & Analytics (@pnxgrp) October 1, 2024 According to the Phoenix Group report, this phase could be driven by bots or larger players…

PancakeSwap V2 seems to have become the leading dApp on BNB Chain, after recording a weekly volume of 6.1 billion dollars. PancakeSwap V2: leader of dApps on BNB Chain with 6.1 billion dollars of weekly volume PancakeSwap leader on BNB Chain: the volumes of DEX on DefiLama The price of BNB PancakeSwap V2: leader of dApps on BNB Chain with 6.1 billion dollars of weekly volume According to what was reported five days ago, an analysis by Phoenix measured the weekly volume of dApps on BNB Chain, noting that the leader is PancakeSwap V2. In fact, it seems that Version…

Ronin Network announced today it has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to strengthen the security of the Ronin Bridge, enhancing the network’s cross-chain infrastructure. The adoption followed a competitive three-phase selection process, concluding with Chainlink outperforming other candidates, LayerZero and Axelar. Ronin’s bridge validators picked Chainlink’s CICIP due to its strong security features. The protocol offers multiple Decentralized Oracle Networks (DONs), an independent Risk Management Network, and other security measures that considerably reduce the risk of attacks and vulnerabilities. “Security was the number one most important factor when deciding which cross-chain protocol would secure the future of the Ronin…

As the broader cryptocurrency market experiences notable gains following the Federal Reserve’s rate cuts, Bitcoin (BTC) has reached a price of $63,670 on Thursday, marking substantial bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading to diverse positioning within the market. Divergence In Trader Strategies According to a recent post on social media site X (formerly Twitter) by technical analyst InspoCrypto, the recent price action on the Binance BTC/USDT perpetual futures chart highlights a strong upward trend, with Bitcoin breaking key resistance levels around $60,000. The volume accompanying this price…

Over the years, the Cryptocurrency marketplace has been growing, and September 2024 was no exception, as it brought some amazing achievements in All-Time High Return on Investment (ATH ROI). Eigenpie (EGP), Star Protocol (ANS), and NebX’s XPOWER tokens received more attention owing to their impressive levels of ATH ROI. TOP TOKEN SALES BY ATH ROI IN SEPTEMBER $EGP – 16.16x $ANS – 13.50x $XPOWER – 6.11x $NOTAI – 3.92x $WAT – 2.49x $MAK – 2.42x $BOX – 2.13x $MIRX – 1.42x pic.twitter.com/XbLtDoOwE3 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 1, 2024 Eigenpie (EGP): The Market Leader The current…

Uniswap Labs, the developer behind top-ranked decentralized crypto exchange Uniswap, disclosed that it has built a new layer-2 network, which was set to launch on testnet Thursday. The new project was built using Optimism’s OP Stack, a blockchain blueprint that also has been used by the crypto exchange Coinbase and electronics giant Sony to spin up layer-2 networks. The main developer behind Uniswap, the largest decentralized crypto exchange, plans to launch its own blockchain as a layer-2 network atop Ethereum – part of an effort to make transactions faster and cheaper while also improving liquidity. Unichain, as the new network…

Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level. The chart below shows what the asset’s recent performance has looked like. The graph shows that after this 5% jump over the last 24 hours, the cryptocurrency is no longer far from reaching the highest level observed in August. As is generally the…

As of recent reports, Base has become a major player in the decentralized finance (DeFi) space, with the total value of assets locked in its protocols reaching approximately $2.28 billion. This milestone highlights the growing influence of Base network. It also shows its rising importance in the DeFi ecosystem. According to data from DefiLlama, several protocols on Base have seen significance growth in their Total Value Locked (TVL). Top Base Protocols by Total Value LockedThe total value of assets locked in @base is around $2.28B, according to @DefiLlama. Let’s compare the top protocols on #Base by current TVL in USD,…

Cardano founder Charles Hoskinson is proud and delighted that the public testnet of the Cardano sidechain, Midnight, is finally live. The Midnight team announced the testnet arrival on Tuesday, declaring it is now time to start building. Accordingly, the team has invited blockchain developers across the globe to participate in the network’s evolution. For context, Midnight is a target=”_blank” rel=”noopener”>Midnight targets organizations and developers that value blockchain’s transparency while requiring a balance between data protection, ownership, and utilization. With this testnet, the Midnight team is offering a dependable environment replicating a live mainnet’s conditions. This allows developers to build and…