Author: NBTC
Helium (HNT), a blockchain-based network designed for the Internet of Things (IoT), has experienced a price surge of 14.5% in the last 24 hours, now trading at $5.86. The latest surge comes at a time when the broader cryptocurrency sector is facing a downturn, highlighting Helium’s significant gains. Currently, Helium boasts a market capitalization of approximately $943 million, securing the 86th position in global cryptocurrency rankings by market cap as per data by CoinMarketCap. HNT 24-hour price chart | Source: CoinMarketCap HNT’s trading volume has soared by 16.92% over the last 24 hours, totaling $67,734,559. In the same timeframe, HNT…
Bitcoin (BTC) is showing signs of a short-term price rebound following sudden losses that coincided with heightened tensions in the Middle East. The recent downturn in Bitcoin, alongside the broader cryptocurrency market, was partially fueled by what market players termed as investor panic. With Bitcoin breaching the $65,000 resistance level, the main focus is whether it has overcome its recent challenges to embark on a new trajectory amidst prevailing bullish catalysts such as the upcoming halving. In this line, crypto analyst by the pseudonym El_crypto_prof in an X (formerly Twitter) post on April 15 pointed out that based on Bitcoin’s…
Ethereum (ETH) futures have reached unprecedented popularity, driven by renewed optimism regarding the potential approval of spot ETH exchange-traded funds (ETFs) in the United States. Ethereum ETF Hopes Push Futures Open Interest to a Record of $14 Billion Notional open interest, which represents the dollar value locked in active Ethereum futures contracts, rose 25% in a single day to $14.05 billion, surpassing the previous peak of $13.2 billion set on March 15, according to data from Coinglass. The increase in open interest indicates a strong inflow of capital into the Ethereum market, predominantly from bullish investors. This sentiment was further…
The activity on the Solana [SOL] network has grown immensely over the past few months as interest in memecoins increases globally. However, the surge in MEV (Miner Extractable Value) bots is partly responsible for this growth in activity. These bots, which are complex software programs, look for the best opportunities on blockchains, such as arbitrage and frontrunning. According to fresh research, Solana has consistently generated more MEV than Ethereum over the past fortnight, demonstrating MEV bots’ increasing influence within this network. MEV bots, although positive indicators of the ecosystem, also hinder the user experience. This could potentially lead to a…
The launching of a retaliatory attack by Iran against Israel on Saturday, April 13, has had a substantial impact on the value of numerous assets as it increased the danger for some of the crucial supply routes such as the Hormuz Strait, and reignited worries that the current war in the region could expand to involve other nations. One of the assets that saw the fastest and the most violent reaction as the air assault began was the world’s premier cryptocurrency – Bitcoin (BTC) – a somewhat surprising development considering BTC’s reputation as ‘digital gold.’ Despite the initial shock that…
As the majority of assets in the cryptocurrency sector continue to make significant advances, Ethereum (ETH) is no exception, and the largest altcoin in the market could continue on its bullish path, according to certain artificial intelligence (AI) algorithms. Specifically, Ethereum has moved well beyond the critical psychological price level at $3,500 and continues to record increases, which have seen it race over 18% in a single day on rumors that a spot-based Ethereum exchange-traded fund (ETF) might soon become a reality. Indeed, Bloomberg’s senior ETF analyst Eric Balchunas recently said that he and his colleague James Seyffart now believed…
In the ever-evolving landscape of cryptocurrency, staying abreast of the most active and promising projects is crucial for investors and enthusiasts alike. Recently, Santiment, a leading provider of cryptocurrency data and analytics, has unveiled the top 10 Binance Smart Chain (BSC) and Binance Chain crypto projects based on their development frequency. Santiment took to X (formerly Twitter) to share their list of the top BSC and Binance Chain cryptocurrencies by development frequency. The methodology employed involved counting all non-redundant GitHub activity of each project and averaging their daily activity over the past 30 days. 🧑💻 Here are #crypto’s top #BSC…
Ethereum took a big leap last night and early this morning on reports that the Securities and Exchange Commission has asked spot ETF applicants to submit revised 19b-4 filings. The 19b-4 filings are what firms use to propose rule changes to the SEC. In this case, applicants would need the regulator to change their rules to allow for Ethereum spot ETFs to trade on exchanges. When this happened for spot Bitcoin ETF applicants in January, the industry was just days away from an historical approval of all 11 spot Bitcoin ETFs. There’s no guarantee, of course, that things will play…
Shiba Inu partner K9 Finance has shared the first sneak peek into the mobile version of its liquid staking app, dubbed Bone Crusher. K9 made the move via an X post yesterday, emphasizing that Bone Crusher will allow mobile users to access its staking platform on the go. In the tweet, K9 attached a video illustration showing potential users how to stake Bone ShibaSwap (BONE) and earn passive validator rewards, as well as its liquidity tokens, knBONE. ⚙️Development Update ⚙️ The mobile interface for our revolutionary product, BONE CRUSHER, is looking 🔥 The majority of internet usage is on mobile…
Quick Take The short-term holder realized price (STH RP) is a crucial metric for short-term Bitcoin investors, reflecting the average price at which each coin last transacted on-chain within the past 155 days. This metric acts as the ‘on-chain cost basis’ for recent investors. In tandem, the short-term holder MVRV ratio (STH MVRV Ratio) compares the market value to the realized value, clearly visualizing this cohort’s unrealized profitability. A value of 2.0 indicates substantial profits, while 1.0 represents a break-even point, and 0.85 indicates a 15% loss. CryptoSlate’s analysis highlights the critical role of the STH RP metric as a…