Author: NBTC
Bitcoin’s Mean Dollar Invested Age has dropped 27% since October 2023, signaling a bullish trend. Bitcoin’s price surged to $95,583.63 with a market cap of $1.89 trillion. Bitcoin’s market sentiment has been significantly influenced by a crucial metric, the Mean Dollar Invested Age (MDIA). This metric measures the average age of each BTC that has been sitting in wallets on the network. A rapid drop in MDIA indicates that dormant coins are moving back into circulation, a sign that higher market utility and possible bull trends are forming. From May 2021 to October 2023, MDIA was rising, showing that coins…
Amidst a broader market resurgence, the Tron blockchain has been seeing impressive strength. In fact, the total value locked (TVL) on the blockchain surged to $36.2 billion on December 4. This figure marked a new all-time high for the network, demonstrating growing appeal among decentralized finance (DeFi) users. The achievement reflects the increasing adoption of Tron’s infrastructure for DeFi applications, stablecoin transactions, and smart contract functionality. New Peak For TRX The latest development comes as Tron’s TRX token achieved a record-high price of $0.44 this week, breaking a seven-year streak and marking a major milestone for the network. Although it…
Coin98 Super Wallet, a prominent AI wallet and crypto messenger, has announced support for swaps on TON. The development further expands Coin98’s comprehensive support for prominent networks, enabling $TON and $USDT swaps on the TON blockchain. The platform took to social media to disclose this endeavor. 🎉 Coin98 now supports swapping on TON!Seamlessly trade TON, USD₮, and other tokens in the ecosystem with ease. With @ton_blockchain fully integrated, you can:✅ Create and import your TON wallet effortlessly.✅ Securely manage your TON and USD₮.✅ Swap TON and USD₮ in… pic.twitter.com/ayLrUIs4xb — Coin98 Super Wallet (@coin98_wallet) December 31, 2024 Coin98 Super Wallet…
There’s something about major psychological price levels, like bitcoin’s (BTC) $100,000 mark. As prices near these thresholds, anything tied to the asset gets an extra spark of energy. The Nasdaq-listed ProShares UltraShort Bitcoin ETF (SBIT) is a case in point, posting record trading volume of over 8 million shares on Nov. 13 as bitcoin topped $90,000 for the first time and strengthening the case for a rally into six figures by year-end, data tracked by TradingView show. Since then, BTC has held between $90,000 and $100,000, and the ETF’s daily trading volume has averaged just over 5 million shares. That’s…
For the first time, OXOA Network has signed a partnership agreement with Kaanch Network, the new-generation blockchain platform that will have immense capabilities, high efficiency, and security. This collaboration is intended to facilitate the development and advancement of Web3 products through solutions specially designed for developers and businesses. We’re excited to welcome our new partnership to our ecosystem @KaanchNetwork Kaanch Network is a next-generation blockchain platform designed for unparalleled speed, scalability, and security. With 0.8-second block finality, Kaanch provides an efficient and developer-friendly… pic.twitter.com/JtacxRQ1HC — OXOA Network (@oxoa_network) December 31, 2024 Kaanch Network Kaanch Network deserves special attention due to…
The price of Bitcoin (BTC) has fallen well above the $90,000 support or the 21-day SMA. The largest cryptocurrency is on its way to pull back above the 21-day SMA. Bitcoin price long-term forecast: bullish The current uptrend could end if the bears fall below the 21-day moving average line. Bitcoin is rising as it recovers above the $90,000 mark. Buyers will try to push Bitcoin above the psychological price barrier of $100,000. This will allow it to rise to a high of $115,000. On the other hand, if Bitcoin falls from its high of $100,000, it will be forced…
The impact of Ethereum’s halving can be analyzed through observing its past performance in the first quarter of subsequent years. Analysts and market participants have taken note of this persistent trend and especially as Ethereum gears up for another important journey in 2024. Analyzing historical data it can be seen that the cryptocurrency delivers its returns in the first quarter after the halving year and becomes the investor’s concern. The impact of Ethereum’s halving can be analyzed through observing its past performance in the first quarter of subsequent years. Analysts and market participants have taken note of this persistent trend…
SEC’s cautious stance raises uncertainties for Solana-focused investment products and broader digital asset ETFs. Key Takeaways The SEC plans to reject spot Solana ETF applications and pause new crypto ETF approvals. The SEC’s decision impacts multiple asset managers seeking to offer Solana-based investment products. According to FOX Business reporter Eleanor Terret, the SEC has informed at least two prospective ETF issuers that it will reject their applications for a spot Solana ETF. Sources also indicate that the SEC is unlikely to approve any new crypto ETFs “under the current administration.” The latest information comes as multiple asset managers seek approval…
One of the two Dogecoin founders, Billy Markus who created the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has commented on the recent Bitcoin price surge. While responding to a comment under his tweet, Markus, who is also known on social media as Shibetoshi Nakamoto, shared whether he expects BTC to finally reach $100,000 after all or not. Markus’s “Bitcoin $100,000 prediction” Commenting on the recent Bitcoin surge when it went up from $92,956 to the $96,252 level, adding $4,609, Shibetoshi Nakamoto tweeted sarcastically: “It lives!” Billy Markus is well-known for his ironic and playful manner of posting…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is down -4.09% today against the US Dollar Ethereum is currently trading 8.86% above our prediction on Jul 12, 2023 Ethereum dropped -0.75% in the last month and is up 56.28% since 1 year ago ETH price is expected to drop by -8.14% in…