Author: NBTC
Cryptocurrency analyst Kevin Svenson is saying that Bitcoin (BTC) could skyrocket by triple digits from the current level. Svenson tells his 73,500 followers on the social media platform X that based on historical precedent, Bitcoin could appreciate by roughly between 50% and 201%. “…based on the ratio of past gains gives me $95,000 as the minimum target… …and the median target of $142,000. And if things go really well, we will hit $190,000. But anywhere you know closer to $142,000 maybe… but it could be between $95,000 and $142,000, could be like $124,000. Something along those lines. But these are…
The Aave community as an integral part of the community has just made a fundamental choice of letting Renzo”s Protocol along with its etzETH product operate their ethereum ecosystem. This decision, in particular, visibly on the Snapshot governance platform, appears to be a great stride towards the Aave V3 lending capability growth on Ethereum The improvement, which is at the first place presented as a “temperature check”, seeks to give a boost to Aave V3 platform efficiency and core functionality, potentially rendering it more versatile. Aave expanding Ethereum’s lending horizon Aave’s success in rolling out the initial Renzo Protocol and…
A trader who rode last year’s crypto breakout thinks that Ethereum (ETH) will continue to underperform unless something monumental takes place. Pseudonymous analyst DonAlt tells his 535,700 followers on the social media platform X that he expects other altcoins to massively outperform Ethereum as soon as market conditions improve. DonAlt believes Ethereum will continue to be a laggard until ETH witnesses a catastrophic collapse. “Everything down. ETH down but ETH down less. Rejoice ETH holders your time has come (Down in USD, up relative to the rest of the sh*tters). I legit think this is the only way for ETH…
The price of KNINE, a cryptocurrency launched by official Shiba Inu ecosystem partner K9 Finance DAO, recently reached a new all-time high. On March 7, K9 Finance DAO, one of the partners of the Shiba Inu ecosystem, launched its native token, KNINE. For the uninitiated, the K9 Finance DAO is the official liquid staking partner for Shiba Inu’s layer-2 blockchain, Shibarium. The KNINE token is purportedly designed to give holders a say on the DAO. Beyond voting on proposals, holders can earn fees and real yield from validators, all features that may have attracted the community to the project in…
In a remarkable twist for cryptocurrency enthusiasts, Bitcoin has once again asserted its dominance in the financial realm by increasing its price to the sky-high level of over $68,000, accompanied by an enticing $6,000 green candle. This surge marks the largest daily increase since February 2021, sending the digital currency community into a frenzy. With all eyes on the coveted milestone of $75,000, an impressive $5 billion worth of Bitcoin shorts is hanging in the balance, awaiting a potential liquidation. The positive fluctuations in the price of Bitcoin The new threshold of $75,000 Conclusion The positive fluctuations in the price…
As per Coin98’s Ethereum Q1 2024 Financial Report, the blockchain network clocked in a massive surge in income statement metrics. Fees and revenue witnessed a 1.8 times increase quarter-over-quarter (QoQ), while earnings tripled over the same period. This financial momentum is essentially aligned with significant advancements in network and ecosystem metrics. Ethereum’s network recorded over 107 million transactions in Q1, accompanied by the creation of almost 9.7 million new addresses, indicating increasing user activity and adoption. Moreover, ecosystem metrics portrayed a flourishing landscape, with total value locked (TVL) surging over 1.8 times QoQ, coupled with the creation of over 4.8…
According to a survey conducted by ConsenSys, 17% of American crypto investors revealed that they once invested in Shiba Inu or currently hold the token. Crypto investors have been showing significant interest in Shiba Inu (SHIB), the 10th biggest cryptocurrency by market capitalization. This was reflected in a recent survey conducted by ConsenSys, a private blockchain company launched by Ethereum co-founder Joseph Lubin. American Investors’ Appetite for Cryptos Notably, 1,018 respondents residing in the United States participated in the survey. Data suggests that 50% of the respondents claimed they had invested in crypto at some point, while the remaining 50%…
The spread between next-month and front-month bitcoin futures contracts can offer insights into the level of speculation in the market, one analyst. An above $1,000 spread on the CME has marked previous bull market tops. The spread recently widened beyond $1,000. Speculative frenzy, or periods of intense speculation characterized by irrational exuberance and greed, is an infamous sign of an impending market top. However, tracking signs of speculative frenzy in the bitcoin (BTC) market requires access to and understanding of sophisticated indicators like perpetual funding rates and social trends. But there is another surprisingly more straightforward way: tracking the spread…
Yesterday, the FED announced its interest rate decision for March and left interest rates constant in line with expectations. Speaking after the interest rate decision, FED President Jerome Powell was expected to make a hawkish speech regarding the inflation figures that came above expectations, but Powell had a dovish approach. Powell’s dovish attitude had a positive impact on Bitcoin and cryptocurrencies and there was an increase. Evaluating the impact of the FED’s decision and Powell’s speech on BTC and cryptocurrencies, QCP Capital analysts said that this rise appears to be spot-focused. In addition, analysts stated that the downward fear towards…
In a significant transaction, over 150 million Dogecoin (DOGE) were transferred from an unknown wallet to the popular trading platform Robinhood. The movement, amounting to approximately $26.4 million, was captured and reported by Whale Alert, a prominent blockchain tracking service. This considerable shift in Dogecoin holdings has sparked a wave of speculation and interest within the community. Robinhood, known for its user-friendly platform, has become a popular choice for retail investors and cryptocurrency traders alike. The platform’s involvement in this transaction has led to various interpretations, with some suggesting that large institutional investor or a group of investors might be…