Author: NBTC
Truflation has announced the launch of GameFi Index, a new tool designed to track the performance of top blockchain-based gaming tokens. In its Nov. 11 announcement, Truflation stated that the GameFi Index goes beyond tracking the price of individual play-to-earn tokens. Users can leverage the index to gain insights into industry growth and key metrics for play-to-earn projects, including token holders and fully diluted valuation. “On-chain gaming is evolving faster than ever, with over 2.1 million daily active wallets. The GameFi Index empowers users with accurate, up-to-the-minute data on the gaming sector,” said Stefan Rust, chief executive officer of Truflation.…
Amid the ongoing push from Bitcoin to break its all-time high, veteran analyst Ali Martinez argues that the market could see a further 530% gain. The uptrend in the Bitcoin market continues to gain momentum, with the asset closing at a higher value for the fourth consecutive day. On Tuesday, Bitcoin reached one of its highest values of the year at $73,577, placing it just a hair’s breadth away from its all-time high of $73,750. Although Bitcoin briefly pulled back to $72,450 at press time, optimism remains high in the crypto community that a new all-time high is just around…
Dogecoin (DOGE), the largest meme cryptocurrency by market capitalization, saw an incredibly successful week. As meme coins benefit the most from the crypto recovery, Dogecoin (DOGE) became the best performer amid all large-caps. TON-based meme cryptos are leading the way in the small-cap scene with up to 70% overnight gains. Dogecoin (DOGE) adds 30% in week, market cap hits $30 billion Dogecoin (DOGE), the first mainstream meme coin and the largest asset of this type, registered an almost 30% price increase in the last seven days. The dog-themed crypto became the best weekly performer in the top 30 while its…
Bitcoin’s breakout from an eight-month consolidation signals potential for reaching new highs, with analysts targeting $88K-$90K by December. Analysts set a midterm target of $100K, citing positive technical patterns and investor interest in digital currencies. Despite optimism, Bitcoin’s path remains uncertain, influenced by regulatory and macroeconomic factors. Bitcoin is now at an initial phase of a new rally after it left an eight-month consolidation range by going above a descending broadening wedge. Such a development has seen analysts starting to brighten up on their forecast as some of them point out that the cryptocurrency is set to achieve a new…
The quantity of Bitcoin available for trading has been steadily declining, as evidenced by the recent record lows reached by exchange reserves on all major exchanges. When combined with a notable price increase, this pattern points to a developing shortage that may aggravate price fluctuations. Reduced exchange reserves generally indicate longer-term holding sentiment, which is bullish as more investors are withdrawing their holdings from exchanges. The graph of exchange reserves shows a consistent decline since the beginning of 2022, suggesting that Bitcoin is being kept in private wallets more often than it is being made available for trading. A supply…
On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest points since April after its founder said he would play a role in shaping crypto policy in the U.S. next year. On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest point since April after its founder said he would play a role in shaping crypto policy in the U.S. next year. ADA rose by as much as 33% on the day to $0.64 before paring back gains…
Bitcoin’s price is nearing a pivotal moment, standing less than 2% away from the all-time high (ATH) of $73,800. This ongoing uptrend signals a breakout from the descending wedge pattern, which traditionally forecasts a strong rally. Investors are optimistic, expecting a substantial price surge if Bitcoin breaches this ATH level. However, the threat of a market top is also hanging above BTC. Bitcoin Profits Are Peaking The recent uptrend in Bitcoin has been largely driven by inflows from spot ETFs, which have created a strong foundation for institutional interest. These inflows are encouraging a sustained rally as more institutions consider…
Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu network, has revealed plans to propose to the new presidential administration the creation of a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a US city. Kusama shared this vision on November 9, responding to reports that President-elect Donald Trump may establish up to ten “freedom cities” on federal land. How SHIB City Would Benefit The United States Last week, Kusama outlined his proposal for a strategic blockchain hub in the United States, designed to serve as a “Silicon Valley for crypto.” With an estimated budget of $2.35 billion over…
The publicly listed Bitcoin miner from Wall Street, HIVE Digital Technologies Ltd. (NASDAQ: HIVE), is significantly expanding its BTC production capabilities through a substantial order of next-generation mining equipment and the development of a new facility in Paraguay. It marks the company’s push to boost operational capacity amid evolving market conditions, including record-high hashrate and mining difficulty. The Vancouver-based crypto mining company announced the purchase of 6,500 Canaan Avalon A1566 ASIC miners, with the initial deployment of 500 units scheduled this week. The remaining 6,000 miners will be delivered in monthly installments between December 2024 and March 2025. “We want…
The government of Bhutan deposited almost 1,000 bitcoin into a deposit address on crypto exchange Binance on Tuesday. The largest cryptocurrency surpassed $73,000 on Tuesday, approaching its record high, with many investors selling to lock in gains as 99.7% of the circulating supply was in profit. The Bhutan government, which holds over $900 million worth of bitcoin (BTC), moved a chunk of its holdings to exchanges on Tuesday, according to Arkham Intelligence, sparking speculation it is on the verge of selling some of its stash in a move that may weigh on market prices. Bhutan moved $65 million worth of…