Author: NBTC
Ethereum price remains in a bear market this year as the second-biggest cryptocurrency lacks a clear catalyst. The ETH coin was trading at the extreme oversold level of the Murrey Mathe Lines at $2,220, down by almost 50% from its highest level in December last year. So, is it safe to buy the ETH dip? Ethereum price technical analysis The daily chart shows that the ETH coin price has crashed in the past two months. After peaking a $4,088 in November last year, the coin has moved to $2,220. It has crashed slightly below the key support at $2,182, the…
Popular battle royale shooter Fortnite recently added a fake cryptocurrency as an in-game gag, along with other elements that appear to poke fun at the industry. But at least one crypto degen took it very seriously, launching a real version of the coin—with some traders profiting tens of thousands of dollars before it crashed. Dill Bits were added to Fortnite in Chapter 6: Season 2, which was introduced on Friday. The item can be used to purchase high-tier loot at one of three in-game black markets, according to the Fortnite Fandom wiki page, as a nod to the dark web…
Aave has proposed a comprehensive update to its economic framework, focusing on revenue distribution, staking incentives, and liquidity management. The proposal, introduced by Aave Chan Initiative (ACI) founder Marc Zeller on March 4, is considered a pivotal development in Aave’s evolution. He stated: “We consider it the most important proposal in our history.” According to the proposal, Aave has consistently expanded its market presence over the past two years, building a strong financial foundation. Despite fluctuating market conditions, Aave continues to generate robust revenue, with the DeFi protocol’s liquid reserves surging by 115% to reach $115 million. This strong financial…
The Ethereum Foundation has unveiled a new leadership structure, appointing Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors, effective March 17, 2025. This strategic move aims to navigate the Ethereum ecosystem through its current challenges and drive future growth. Can these new changes help ETH price surge back over $3K? This article will tackle the latest Ethereum news, the updates in the Ethereum Foundation and conclude with an Ethereum price prediction for March 2025. By TradingView – ETHUSD_2025-03-02 (5D) Ethereum Foundation’s Leadership Transition In a significant organizational shift, the Ethereum Foundation announced the appointment of Hsiao-Wei Wang and Tomasz Stańczak…
If Shiba Inu replicates even a fraction of his 2020/2021 uptrend, investors holding between 100,000 and 1 million SHIB could see impressive gains. The broader crypto market has been in a state of flux, with prices collapsing as much as they appreciate. This has led to increased market uncertainty, with Shiba Inu being one of the victims of the resulting range-bound movements. Confidence in Shiba Inu Despite Uncertainty Despite the current state of things, market participants have maintained confidence in Shiba Inu. For instance, over the past four days, IntoTheBlock data shows that whale netflow has been persistently positive, indicating…
GameStop has received a proposal from Strive Asset Management recommending that the video game retailer convert nearly $5 billion in cash reserves into Bitcoin, a move it claims would transform the company into the “premier Bitcoin treasury company in the gaming sector.” The proposal, dated February 24 and signed by Strive CEO Matt Cole, was acknowledged by GameStop Chairman and CEO Ryan Cohen, who posted “Letter received” on social media on Tuesday without elaborating further. GameStop has not publicly commented on whether it will consider Strive’s proposal. The company did not immediately respond to Decrypt’s request for comment. Strive, an…
Ethereum has been experiencing a wild crash over the last few days, breaking below several significant support levels. Investors are now wondering when this downtrend will end. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been dropping rapidly since breaking below the 200-day moving average, located around the $2,900 mark. The $2,700 and $2,350 levels are also broken to the downside, as the price is currently testing the $2,100 support zone. If this level also gets broken to the downside, a deeper decline toward the $1,750 level could be expected in the…
Ripple is taking steps to expand the capabilities of the XRP Ledger (XRPL). They’ve just announced their vision for programmability. The XRP Ledger Extensibility Team has shared its proposed vision for how developers can integrate custom logic into XRPL features. This aims to improve its functionality while preserving its core strengths—speed and reliability. Permissionless Programmability for XRPL: Ripple’s Aim Ripple’s goal is to bring permissionless programmability to XRPL, allowing developers to add custom business logic to the network. This vision focuses on making the XRP Ledger even more flexible while maintaining its simplicity and efficiency. Source: Ripple The team has…
The exclusive market statistics indicate a notable 8% decline in the Bitcoin ($BTC) market. As per the data from Glassnode, Bitcoin’s latest 8% dip raises apprehensions among the market onlookers concerning additional downturn. The blockchain analytics platform took to social media to provide insights into Bitcoin’s current downside and the potential future developments. $BTC is down 8%. In last week’s Week On-Chain, we outlined multiple risk factors: weakening capital inflows, STH cost basis at a key threshold, mixed institutional ETF flows, and historical patterns suggesting extended corrections. What to watch for next? https://t.co/HGwkPZBJDm pic.twitter.com/MsovoSeLih — glassnode (@glassnode) February 25, 2025…
Ethereum price has crashed this year and is hovering near its lowest level since September last year. Ethereum (ETH) was trading above $2,200 at last check Sunday, down by over 45% from its highest point in November last year. Several crucial charts explain why the ETH price has crashed, and provide hints of what to expect this year. Ethereum price formed a triple-top pattern The weekly chart shows that the ETH price found strong resistance at around $4,000 in 2024. This pattern is characterized by three peaks and a neckline, and is one of the most bearish patterns in the…