Author: NBTC
Bitcoin is on the verge of reaching a historic milestone, with its price inching closer to the coveted $100,000 mark. This remarkable rally has fueled optimism among investors, signaling Bitcoin’s continued dominance in the cryptocurrency market. However, despite the bullish outlook, Bitcoin is not entirely immune to potential bearish pressure. The backbone of Bitcoin’s price stability — long-term holders (LTHs) — appears to be wavering, raising concerns over possible downward movements in the near term. Bitcoin’s Support Is Wavering Long-term holders of Bitcoin have recently shown signs of bearish sentiment. The HODLer net position change indicator, which tracks the behavior…
A recent tweet from digital asset researcher Anderson suggests that a high-priced XRP could have wide-reaching advantages for Ripple and the overall XRP ecosystem. Anderson outlined several key areas where a surge in XRP’s price could be transformative. First, he noted that a higher price for XRP would attract more attention to the cryptocurrency. As people discuss its rise, follow headlines and research top-performing assets, more individuals will learn about XRP, potentially leading to increased interest from investors and developers. Attracting Builders to the XRPL Ecosystem Furthermore, he argued that a surge in XRP’s value could also draw more developers…
A new report from the Blockchain Game Alliance (BGA) reveals that play-to-earn games are cantering toward mainstream acceptance but the final push appears to be plagued by a streak of challenges. The report, dubbed the State of the Industry, surveyed nearly 700 respondents from the play-to-earn space, a three-fold increase from 2023’s report. According to the 64-page report, blockchain-based games are approaching mainstream adoption levels for the first time in their five-year history. Citing impressive metrics, the BGA notes that the number of active monthly users for play-to-earn games has never been higher for the industry and shows no signs…
Samson Mow, vocal Bitcoiner and chief executive at JAN3, has taken to his X account to once again recommend to Wikipedia to buy the world’s largest cryptocurrency BTC. Mow published a screenshot of a donation request sent by Wikipedia to many of its users asking them to donate $2.75. Mow tweeted that while they are sending him an annual donation reminder, he sent them his “annual reminder to buy Bitcoin.” In the tweet, he tagged the X accounts of Wikipedia and its founder Jimmy Wales. I see your annual donation reminder and am giving you my annual reminder to buy…
According to data provided by Whale Alert, a Dogecoin (DOGE) address was recently activated for the first time after a whopping 11 years of dormancy. The address contains 870,019 DOGE tokens that are currently worth nearly $400 million. The leading meme coin by market capitalization was launched back in 2013, which means that the aforementioned address has been around since the coin’s very inception. The cryptocurrency quickly gained prominence and managed to build a rather passionate online community. In early 2014, the Dogecoin community gained some mainstream media coverage after raising funds to send the Jamaican bobsleigh team to the…
Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, is enthusiastic about the upcoming launch of Shiba Inu’s new racing game, Lap Dogs. In an X post today, Kusama reacted to the upcoming launch of Lap Dogs, noting that the game marks yet another win for the Web3 gaming space. This comes as the Shiba Inu ecosystem team plans to expand the Web3 gaming industry with the imminent launch of Lap Dogs. HUGE. Another win for web 3 gaming. #Shibarmy https://t.co/qpa6VRRwP2 — Shytoshi Kusama™ (@ShytoshiKusama) December 29, 2024 In a follow-up comment, the Shiba Inu leader expressed pride in…
The global cryptocurrency market showed mixed trends on November 30, 2024, with notable price changes, market capitalization, and trading volumes. The Phoenix Group released an insightful summary of the crypto market through its official X account, highlighting the key developments and trends. According to the data, the cryptocurrency market consisted of 31,301 coins and tokens with an overall market capitalization of $3.41 trillion. The trading volume remained active over the last 24 hours at $179.07 billion. Daily Summary on November 30, 2024$HYPE $ENS $CORE $ALGO $FLR $BTC $XRP $ETH $DOGE $ACT#dailysummary #DeFi #Crypto pic.twitter.com/oBPwZsS1VC — PHOENIX – Crypto News &…
As it became known thanks to a report of Whale Alert, a large transfer of XRP tokens took place from Upbit, South Korea’s largest cryptocurrency exchange. According to on-chain explorer data, 11 million XRP, equivalent to about $28.11 million, were withdrawn from Upbit’s wallet “rDxJNb” to an unknown entity under the address “r325zs.” According to data from Bithomp, the XRP ledger explorer, the unknown address was activated by a transfer of 11 XRP in October. Who is behind it is unknown. Usually, such transfers occur between entities associated with the cryptocurrency, such as Ripple or Bitstamp. The wallet may belong…
Over the past 72 hours, over 55,000 Bitcoin ($BTC), worth about $5.34 billion, were withdrawn from exchanges. This data comes from Ali Martinez, a technical and on-chain analyst. The large withdrawals indicate that the Bitcoin whales, the big investors, are accumulating more Bitcoins. Over 55,000 #Bitcoin $BTC have been withdrawn from exchanges in the last 72 hours, worth around $5.34 billion! pic.twitter.com/4YrlwDnUjY — Ali (@ali_charts) November 30, 2024 Bitcoin Price Rises 34%, Institutional Investors Interest This move has been made after Bitcoin’s price rose significantly with Donald Trump’s recent victory in the presidential election. Its price has gone up to…
Anders suggests that the United States could leverage Ripple’s expertise in cross-border payments and influence over XRP to position itself as a major leader in the finance and crypto sectors. The popular digital asset researcher made the assertion in a recent X post, emphasizing that the U.S. government could leverage Ripple and XRP as strategic weapons. Trump Plans to Make US Crypto Capital of the World It should be recalled that during his campaign, Donald Trump promised to make the United States the crypto capital of the world. To achieve this goal, the U.S. President-Elect revealed a number of initiatives…