Author: NBTC
Shiba Inu lead Shytoshi Kusama on Monday said the support for Shiba Inu is rising strongly highlighting U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr) endorsing meme coin Shiba Inu. Robert F Kennedy Endorses Shiba Inu US presidential candidate Robert F. Kennedy Jr., RFK Jr., was witnessed promoting Shiba Inu’s “It’s Not A Meme, It’s A Movement”, Shiba Inu lead developer Shytoshi Kusama highlighted in a post on X on March 4. In a big movement for Shiba Inu, RFK Jr. and Russ Davis of In Russ We Trust Crypto were wearing a Shiba Inu batch at the ETHDenver…
It took bitcoin less than 850 days to reclaim its $69,000 all-time high set in November 2021. That’s faster than the previous two cycles, a period of time spanning nearly a decade, from 2013 to 2021. Bitcoin needed eight more months to break its near-$20,000 record notched in late 2017. The top crypto had tanked 85% in the months following that all-time high, reaching as low as $3,135 by the end of the following year. Read more: Bitcoin price surges past $69k to hit new all-time high Bitcoin (BTC) went on to add more than six multiples to its price…
Shiba Inu’s lead, known as Shytoshi Kusama, has sparked discussions across social media platform X with recent commentary regarding the project’s position in relation to Dogecoin. Kusama’s assertion, labeling Shiba Inu as the “Dogecoin Killer,” hints at the project’s aspirations to challenge Dogecoin’s prominence within the meme coin sector. During a period of substantial growth in Shiba Inu’s price, Kusama took to social media to convey the project’s progress and future prospects. Notably, Shiba Inu’s SHIB token witnessed a remarkable 132% increase in value over the previous week, followed by an additional 18% rise at the start of the new…
A popular crypto analyst is analyzing how long the Bitcoin (BTC) bull market could last. The pseudonymous trader known as TechDev tells his 434,100 followers on the social media platform X that the global liquidity cycle has aligned with “every Bitcoin top and takeoff point.” “Spacing between blue and red dots has always been 9-11 bars. Do with that what you will.” TechDev uses a six-week chart, meaning that his indicator suggests Bitcoin will probably hit its top between January and March of 2025. The analyst examines global liquidity by pitting the Chinese 10-year bonds (CN10Y) against the US dollar…
On-chain data confirms that the Shiba Inu NFT project Shiboshis has continued to burn SHIB tokens even amid diverted focus from its burn functionalities. The Shiba Inu community has continued to focus its attention on the burning campaign, as several proponents champion the narrative of increased burns. This has resulted in the exploration of diverse avenues for the incineration exercise, including Shibarium. Sustained Focus on Shibarium Most community members believe Shibarium is the most viable avenue to implement more burns, especially given the number of tokens the layer-2 network has incinerated since the fourth quarter of 2023. As of December…
Benchmark initiated coverage of Bitdeer with a buy rating and a price target of $13. The miner’s shares are appealing due to the wide gap between its valuation and growth prospects. The transition of hashrate from hosting to self-mining will boost the company’s upside exposure to further increases in the bitcoin price. Bitdeer Technologies’ (BTDR) shares are appealing given the wide gap between the company’s discount valuation and its growth prospects, investment banking firm Benchmark said in a research report Thursday.Benchmark initiated coverage of the bitcoin (BTC) miner with a buy rating and a $13 price target. The stock closed…
Shiba Inu lead developer, Shytoshi Kusama, believes the time has come for the project to showcase its true power. Shytoshi Kusama, the pseudonymous developer leading the Shiba Inu ecosystem, has expressed optimism about the project’s future prospects. Recall that the price of Shiba Inu has been on a run in the past week, gaining 175% in value and breaking a 22-month high. However, Shytoshi Kusama believes things are just getting started. In a recent post on X, he reckoned that the time has come for Shiba Inu to show its true power. He also reminded SHIB enthusiasts that the project…
Bitcoin dipped more than 11% Tuesday afternoon in New York after surging earlier in the day to a new record-high price of around $69,170. It’s the first time the largest cryptocurrency has broken an all-time high in 27 months. Even with the correction, bitcoin (BTC) has managed to stay above $60,000, a resistance level analysts say shows interest remains high. “If previous non-crypto-related ETFs can teach us anything, it is that real growth after an ETF approval can be a multi-year process,” Chainlink co-founder Sergey Nazarov told Blockworks. “After waiting almost a decade for this ETF, I’d be surprised if…
In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from the previous week. NFT Sales Decline Across Leading Blockchain Platforms This week, NFT sales dipped by 16.55%, with total sales reaching $358 million. Data gathered by cryptoslam.io shows that the top three blockchain platforms in terms of NFT sales volume all reported week-on-week decreases. Ethereum was at the forefront with $129 million…
Image Sourced From Bloomberg | Via: Getty Images As anticipated by market observers, the US Securities and Exchange Commission (SEC) has once again delayed its decision on BlackRock’s petition for an Ethereum ETF. This comes after the initial postponement in January following the SEC’s approval of multiple Bitcoin ETFs. Experts, including James Seyffart of Bloomberg ETF, are eyeing May 23 as the potential date for a decisive ruling. Seyffart emphasizes May 23 as the “next significant date” in the timetable of events. This date holds importance as market participants anxiously await a potential resolution regarding the authorization of spot Ethereum…