Author: NBTC
AI tokens rallied even as macroeconomic and political developments weighed on the broader crypto market. On Monday, Apple announced “Apple Intelligence,” foraying into the artificial intelligence sector. Native cryptocurrencies of blockchain endeavors supposedly involved with artificial intelligence (AI) outshone the broader market after iPhone maker Apple (AAPL) showcased its efforts to bring the technology to its smartphones. AI-focused decentralized blockchain platform Internet Computer Protocol’s ICP token is about 10% higher on a 24-hour basis, the best-performing token among the 100 biggest cryptocurrencies by market value, according to data source Coingecko. Artificial Superintelligence Alliance’s (formerly Fetch.AI) FET ranked fifth, adding 5%.…
Crypto analyst Tony Severino has said that the Bitcoin price is approaching the strongest part of the bull run. Based on his analysis, Tony provided insights into how high the flagship crypto could rise as it approaches its peak in this market cycle. Bitcoin Price Target For Strongest Part Of This Bull Run Tony revealed in an X post that the Bitcoin price could reach a market top of $133,000 in this bull run. He explained that the BTC 2-month Relative Strength Index (RSI) is approaching 70, which has ignited the strongest part of every past bull run. In 2012,…
This 20% rise has sparked optimism among investors, but there remains some uncertainty over whether the uptrend will continue without a reversal. Ethereum Whales Make a Comeback Ethereum whale activity has increased significantly, showing a resurgence of confidence among large holders. The number of addresses holding over $100,000 worth of ETH has grown by 17%, while those holding over $1 million have risen by 19%. These substantial accumulations by high-value addresses reflect growing confidence in Ethereum’s future price performance, with whales likely anticipating further gains. Such increased whale participation is often a bullish signal, as large investors are typically seen…
Solana is defying the current crypto market slowdown. While its native token SOL might be struggling to maintain its price, the blockchain itself is witnessing a surge in activity, reaching a four-year high in daily active addresses. This significant increase, highlighted in a chart shared on X (formerly Twitter), puts Solana ahead of other major blockchain networks like Tron, Avalanche, Aptos, and Polygon. BREAKING: SOLANA RECORDS HIGHEST DAILY ACTIVE ADDRESSES IN BLOCKCHAIN HISTORY pic.twitter.com/6aY3PTbCV6 — DEGEN NEWS (@DegenerateNews) September 10, 2024 Read also: Solana’s Active Addresses Hit 4-Year High: What’s Driving It? The supporters of Solana celebrated the milestone on…
Macro guru Lyn Alden is revealing her top asset pick for next year amid signs of increasing liquidity. In a new interview with finance journalist YouTuber David Lin, the analyst says that the asset she is most bullish on in 2025 is Bitcoin (BTC). Alden believes Bitcoin will have a strong market performance next year because of the flagship digital asset’s tendency to rise when liquidity increases and monetary policy eases. “We’re kind of coming out of signs of peak credit tightening in the US and so that’s pro-liquidity. And globally, we’re seeing more stimulus out of China. That’s generally…
A major Ethereum whale, holding 398,891 $ETH ($1.14 billion), has sold a portion of its holdings, moving 29,897 $ETH for 84.87 million $USDC. The sale was executed at an average price of $2,839 per ETH, following a recent price surge. The whale bought the Ethereum at an average of $3.5 per coin and has earned an astonishing $84.7 million or 810 times its investment. The whale with 398,891 $ETH($1.14B) has sold 29,897 $ETH for 84.87M $USDC at $2,839 after the $ETH price rose!The buying cost was only ~$3.5, and has realized a profit of $84.7M, an 810x return!The whale still…
A recent paper released by Ulster University has reignited speculations within the XRP community, especially with the mention of a private Ripple ledger. The paper, titled “CBDC – Lessons from China,” was released in August 2024, discussing the lessons obtained from a test of the e-CNY project from China. Prominent XRP community figure WrathofKahneman (WOK) recently shared these findings with the community. Notably, the research includes a table that compares the transactions per second (TPS) capabilities of various platforms, including a blockchain dubbed “Ripple’s private ledger,” which it describes as being used for “testing for Digital Euro.” Ripple Private Ledger…
Introduction Introducing the Bitcoin Popularity Index (BPI), the first comprehensive search study of its kind. This index has been curated in an attempt to measure the global reach and impact of Bitcoin through a broad analysis of Google search queries. Unlike many studies that offer absolute data or blend various aspects of cryptocurrency, the BPI data aims to deliver insights of Bitcoin interest specifically, by considering factors such as language diversity, Google’s browser dominance and population sizes. This approach allows us to gauge not just the raw interest but also the relative intensity of Bitcoin engagement across different nations. We…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. It started with an understated “woo-hoo” and a laugh. The latest Ethereum All Core Developers (ACD) call marked a milestone for being the 200th such meeting. As Galaxy’s Christine Kim noted on X, “[W]hat’s cool about these calls is that through the years they’ve remained open, transparent and accessible for anyone to join and listen in on. [A]lso, devs still rely on these calls to act as a critical forcing function for making key governance decisions about [E]thereum.” As usual, developers discussed key updates around testing networks…
A new scandal involving popular cryptocurrency Cardano (ADA) has erupted on social media. The case concerns the ADA staking mechanism device, with some crypto-entertainers stating that the only reason why the token is still at the top of crypto rankings is that its stakers cannot sell it because their assets are locked in staking. Moreover, the unlocking should happen in October and then, according to these analysts, it remains to be seen whether the Cardano token is being held for real. Statements like this have caused quite a stir in the ADA community and have even caught the attention of…