Author: NBTC
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…
A financial expert has recently spotlighted what she believes could be the most plausible explanation for the controversial 589 figure for XRP. The number 589 has become a controversial and symbolic figure in the XRP community, with speculations spanning from price predictions to hidden meanings. Recently, Linda P. Jones discussed a theory linking the figure to international currency standards. The origins of the 589 narrative date back to 2019, when it emerged as a speculative prediction that XRP’s price would skyrocket to $589. Proponents suggested this rise could occur due to adoption by financial institutions, major regulatory milestones, or a…
Much like the end of 2023, when Bitcoin broke records with its transactional volumes and hashrate, the cryptocurrency rang in New Year’s Eve with a bang. The network’s computational power hit a jaw-dropping peak of 808 exahash per second (EH/s), smashing through previous limits. From 948,000 H/s to 808 Quintillion: Bitcoin’s 16-Year Evolution in Mining Power Bitcoin’s hashrate enters 2025 at a blistering pace, setting the stage for yet another groundbreaking year. Data from hashrateindex.com reveals that the seven-day simple moving average (SMA), widely regarded as the most accurate gauge of network performance, hit a staggering 808 EH/s on Dec.…
On Nov. 28, 2012, Bitcoin underwent its first halving at block 210,000. This event halved the block reward from 50 BTC to 25 BTC. Crypto ranking platform CoinGecko took to X to share this milestone as Bitcoin’s historic first halving event marked its 12th anniversary. The halving mechanism, built into Bitcoin’s code by its pseudonymous founder Satoshi Nakamoto, is scheduled to occur every four years, or every 210,000 blocks. This process continues until the maximum supply of 21 million Bitcoins is reached. Exactly 12 years ago today, the 1st #Bitcoin halving took place, reducing the block reward from 50 to…
The supply of the second-largest cryptocurrency by market capitalization, Ethereum’s ether, has dropped by around 0.02% over the past two years after the network’s merge with the Beacon Chain, which moved it to a Proof-of-Stake consensus algorithm. According to the founder of 1confirmation Nick Tomaino, over the same period the supply of the flagship cryptocurrency bitcoin moved up 1.83% per year to 19.8 million BTC. Per his words, while knowing bitcoin’s supply is capped to 21 million that will be mined by 2140 is “better than trusting central bankers,” deflation based on usage “is better still.” Tomaino added that when…
Meteora has introduced M3M3 — pronounced “meme” — a new project looking to change the way meme coins operate by presenting staking incentives for investors. However, some analysts are concerned about its operating mechanism. The platform facilitated the launch of the M3M3 token to serve as a test run for this concept, with the token quickly gaining traction among the crypto community. Understanding the M3M3 platform M3M3 is Meteora’s attempt to address the challenges in the meme coin market, where the majority of tokens fail to sustain long-term value. Data confirms the grim state of meme coins, as out of…
The question of whether – and even more so when – Bitcoin (BTC) is set to cross the long-awaited threshold at $100,000 has been the talk of the globe throughout November. Indeed, having risen approximately 40% between election day and press time on November 28, the world’s premier cryptocurrency is closer than ever to the ambitious target and even found itself within $1,000 of the six digit figure on November 22. Still, the high volatility and several successive corrections – started in earnest on Sunday, November 24 – have reignited the question of whether $100,000 is truly within reach or…