Author: NBTC
A closely followed crypto analyst is identifying a level where Bitcoin (BTC) could regain bullish momentum. Pseudonymous trader Cheds tells his 340,100 followers on the social media platform X that Bitcoin needs to soar about 4.50% from current levels to spark new surges. “BTC recapture of $96,000 would really kick things off.” In a new YouTube video, Cheds explains the relevance of the $96,000 area for BTC. The trader says a move above the key price level would generate bullish momentum for Bitcoin. “The reason I said that is from a momentum standpoint, that would signify a retest of the…
End of the year data reveals a thrilling climb in the total value locked in decentralized finance (defi), which ballooned by 133.8% over the past year. December capped off this exciting trend with a flurry of activity as defi and onchain protocols amassed more than $1.5 billion in total revenue during the previous 30 days, as reported by Defillama. Defi Total Value Skyrockets by Over 130% in 2024 Defillama, a top-tier analytics hub and data collector for the defi sector, revealed that stablecoin issuers topped the revenue charts over the past 30 days, raking in $664.12 million. This update was…
The second Jupuary airdrop proposal by Jupiter DEX aggregator seems likely to pass. The voting quickly hit its required minimum, with more supporters in favor of the new proposal. The second Jupuary proposal for Jupiter DEX has a chance of passing, after addressing concerns about the role of long-term holders and stakers. The proposal is still open for voting until December 8, but there are early signs that this version may pass. Voting in favor is so far above 88%, based on JUP deposited for a ‘yes’ vote. If the trend persists, the proposal may pass during the weekend. The…
The bitcoin (BTC) bull market has further to run, and the world’s largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday. Galaxy said bitcoin will continue to rise for several reasons. Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said. It may not be all plain sailing, as “there could even be some twilight regulatory or law enforcement actions from the…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Here at Lightspeed, we’re not fans of measuring protocol success by the popular metrics of active addresses or total value locked. Instead, fees can be a helpful measure for demand for different apps and services. Blockchain addresses and TVL are gameable, but fees are real funds that change hands to do something onchain, at least in theory. So, here are the top 10 Solana protocols this year by fees, based on DeFiLlama data as of Dec. 27. 1. Raydium — $648 million It was a banner year…
Tron-based tokens saw significant growth today, with multiple assets within the ecosystem posting notable price increases. As the Tron network continues to gain attention, the bullish momentum across its tokens, including TRX, JST, SUN, SUNDOG, and BTT, is drawing interest from investors. These tokens have shown varied growth rates over the last 24 hours, demonstrating strong market sentiment and increasing adoption. This rally could signal a favorable shift for the entire Tron ecosystem. #Tron ecosystem tokens are soaring today! https://t.co/8kWqgEeplL offers a quick overview in one chart! 👇$TRX $JST $SUN $SUNDOG $BTT pic.twitter.com/ulChK7Huy2 — Gate.io (@gate_io) December 4, 2024 TRX…
Bitcoin saw explosive growth immediately after the recent U.S. presidential elections, rising and retaking the spotlight from former highs of $73,000 in March. Now the question is, will bitcoin (BTC) continue its uptrend, and at what point can a sharp reversal happen? If we take a look at former BTC market cycles, which happen every four years, then we see that we are now just starting to go into new bitcoin price discovery areas, and BTC could top out at new all-time highs, which is practically anything greater than the current resistance of $92,000. Bitcoin could even potentially see highs…
Dexe Protocol, a decentralized trading and automation platform, has announced its strategic roadmap to take the platform to unparalleled heights. It is a groundbreaking move by the platform to transform decentralized governance. The DeXe DAO marks a remarkable milestone in the protocol’s journey by strategically planning and coordinating the growing path. By doing this, the DeXe DAO aims to empower transparency and community-driven control. DeXe Protocol has announced its strategic roadmap via its official X account. 🔥The Next Big Steps for DeXe Protocol Are Here!🔥💥DeXe DAO thoroughly discussed and refined the Strategic coordination of the following steps for DeXe Protocol,…
HAWK token plummets 91% after launch, erasing most of its initial $490M valuation. Insider wallets allegedly control 91% of HAWK’s supply, sparking manipulation concerns Influencer Haliey Welch denies free token distribution or market manipulation accusations. Hawk Tuah, a new memecoin created by viral influencer Haliey Welch, gained attention but quickly fell apart. Just hours after its launch, the token’s value dropped by 91%, leaving investors with huge losses. This sudden drop has raised questions about insider trading and market manipulation, putting Welch under scrutiny. Quick Rise & Sudden Fall of HAWK Token When Hawk Tuah (HAWK) made its debut on…
Schneider Electric has cautioned policymakers to carefully guide the electricity consumption by AI data centers and prevent it from spiraling out of hand. This comes as AI data centers’ energy consumption is reportedly continuing to increase due to surging demand for AI services, creating scope for AI companies to look for alternative sources of energy. Data centers may leave everyone else in total darkness Schneider Electric in their report proffered four potential scenarios and suggested some guiding principles to follow that might prevent AI data centers from “eating” the power grid and leaving the world in darkness. The study follows…