Author: NBTC
The cryptocurrency market rallied today, with several tokens achieving remarkable price gains. XYO Network (XYO) emerged as the top performer, posting a staggering 191.3% increase in value. Verge (XVG) and Reserve Rights (RSR) followed, with 76.5% and 66.7% gains, respectively. According to the Phoenix group, XYO Network topped the charts with an exceptional 191.3% surge, pushing its price to $0.02. The token’s market cap soared to $415.5 million, reflecting renewed investor confidence. This massive uptick was primarily observed on Binance, where trading activity intensified. DAILY GAINERS$XYO +191.3% $XVG +76.5% $RSR +66.7% $ORDER +66.1% $ONDO +50.8% $IOTA +48.6% $HBAR +46.8% $VET…
Multiple Network has announced a strategic partnership with Open Loop. This collaboration is supposed to take unused bandwidth and turn it into a scalable, distributed solution to advance decentralized wireless network technology. Multiple Network X account shared this news. Both companies have come together, to push technological innovation with growing demands for artificial intelligence. 💐 Strategic Partnership: Multiple Network x Open Loop 💐We are excited to announce our strategic partnership with Open Loop (@openloop_sol)! 🎉https://t.co/OW71pxUobH is revolutionizing internet connectivity with its decentralized wireless network, transforming unused… pic.twitter.com/2bTu9DLeoD — Multiple Network (@MTP_Network) January 5, 2025 Open Loop Revolutionizes Internet Connectivity with…
Bitcoin has entered a critical phase as its price has fallen precipitously below $92,000 and is in danger of breaking through the $90,000 support level. After a period of steady growth during which Bitcoin almost reached $100,000, there has been a retracement. Nonetheless, it appears from the state of the market that the bears are gaining ground and the bulls are losing it. Bitcoin’s recent rally seems overextended according to the provided chart, necessitating a correction. A drop from the overbought zone in the Relative Strength Index (RSI) indicates less buying pressure. Trading volume has also begun to decline, which…
Jeju Island, a subtropical region of South Korea with its own unique legal framework, is set to issue NFT-powered visitor cards in 2025 to attract younger, tech-savvy tourists. The island plans to use these digital cards, which will be linked to NFTs, to provide discounts and travel subsidies to visitors. The island has been trying to leverage crypto-powered growth since 2018 but has faced challenges due to South Korea’s strict regulations on ICOs and NFTs. However, Jeju officials are now pushing for change. As reported by Maeil Kyungja, the initiative is aimed at appealing to the Millennial and Gen Z…
Ripple is preparing to launch a new stablecoin, RLUSD, which is expected to be backed by the U.S. dollar. This new token is anticipated to receive regulatory approval from the New York Department of Financial Services (NYDFS) soon. The introduction of RLUSD could give Ripple a new way to offer liquidity to its On-Demand Liquidity (ODL) partners, boosting its working capital. The stablecoin, RLUSD, is expected to play a key role in Ripple’s global payment solutions, helping improve liquidity and efficiency for partners using Ripple’s ODL service. The launch is being closely watched by the XRP Army, who are hopeful…
Bitcoin’s price decline over the past few days has led to a notable reduction in trading activity among US-based investors. As of this writing, the leading coin trades at $92,540, having shed 6% of its value in the past four days. With strong resistance formed at the $99,000 price region, American investors have gradually reduced their coin holdings. Bitcoin Holders in the US Shy Away CryptoQuant’s data has shown a decline in BTC’s Coinbase Premium Index over the past seven days. As of this writing, it sits below the zero line and at a seven-day low of -0.01. This metric…
XRP has seen its market value explode by nearly fiverfold since the global magazine Forbes published a report dismissing XRP’s relevance in the financial space. Eight months ago, in March, Forbes published a scathing report on XRP and Ripple, labeling them as “zombie projects” of little value. The report focused on cryptocurrency ventures with billion-dollar valuations, particularly in light of Bitcoin’s resurgence. However, XRP and Ripple were singled out for detailed scrutiny. Forbes’ Attacks on Ripple and XRP Forbes explored Ripple’s history, emphasizing its original goal of creating a transformative global financial standard for banks by providing fast and low-cost…
Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced through the $93,000 level, accompanied by an uptick in trading volume, signaling intensified selling activity. While a short-term rebound remains possible, the inability to stabilize below $93,000 suggests a risk of further losses. Traders looking for opportunities may find clarity in a consolidation or recovery near $92,000–$92,500…
Shytoshi Kusama, the pseudonymous Shiba Inu ecosystem lead, shares a new cryptic message, hinting at the imminent launch of TREAT. In the post, Kusama suggested that the broader Shiba Inu community is aligned and focused on common goals. He hinted at plans to commence a strategic ‘MEMLITARY OPERATION.’ This highlights a playful twist on Military Operation, combining the words ‘military’ and ‘meme.’ Notably, in this context, the Shiba Inu leader is indicating that the team behind the ecosystem is about to commence a strategic and organized initiative for a project like the upcoming TREAT token. Interestingly, he added the token’s…
Cryptocurrency markets are showing signs of caution as investors increasingly hedge against downside risks, according to a report from QCP Capital. The QCP highlighted growing concerns about potential downside risks stemming from a combination of factors. Tonight’s Federal Open Market Committee (FOMC) minutes: Investors will be closely analyzing the minutes for insights into future U.S. monetary policy. Personal Consumption Expenditures (PCE) data due on Wednesday: A key inflation indicator that can influence market sentiment. With these events on the horizon and the US holiday season approaching, the lack of an immediate bullish catalyst has stalled Bitcoin’s progress towards the symbolic…