Author: NBTC
Since the launch of the Solana (SOL)-based Peanut the Squirrel (PNUT), the memecoin has rallied more than 13,000x in less than two months. The mid-cap memecoin, with a fully diluted valuation of about $1.38 billion and a daily average traded volume of about $1.94 billion, gained mainstream adoption following the recent listing on the Binance cryptocurrency exchange. Furthermore, the PNUT token has attracted more than 72k on-chain holders due to the deep liquidity of more than $20 million on different Solana-based DEXes led by Raydium, and Jupiter. Lucky PNUT Trader Exits Via Binance According to on-chain data analysis by Lookonchain,…
It is Thanksgiving in the U.S., and Michael Saylor, cofounder and chairman of MicroStrategy, has sent out a tweet that has resonated strongly within the cryptocurrency community. In an X post, Saylor simply stated, “Thank you Satoshi.” This heartfelt acknowledgment is a monument to Bitcoin’s pseudonymous creator, Satoshi Nakamoto, and comes at a time when the cryptocurrency is gaining widespread acceptance, with its price approaching $100,000. Bitcoin reached a record high of $99,849 last Friday. Thank You, Satoshi. pic.twitter.com/qLzRtikxKR — Michael Saylor⚡️ (@saylor) November 28, 2024 Satoshi Nakamoto, the pseudonymous creator of Bitcoin, introduced the world to a decentralized digital…
Ethereum (ETH) price is up over 3% in the last 24 hours, showing signs of recovery as the year ends. Unlike Solana and Bitcoin, which reached new all-time highs in 2024, ETH fell short of achieving this milestone. Key indicators like RSI and DMI suggest that bullish momentum is building, with ETH nearing a critical resistance at $3,523. Whether the altcoin can break higher or retest lower support levels will define its short-term price trajectory. ETH RSI Is Going Up Ethereum Relative Strength Index (RSI) is currently at 56.2, reflecting a steady recovery after dropping below 20 on December 20.…
VeChain has launched the Renaissance Protocol to upgrade its blockchain for mass adoption and align with evolving technology. Key updates include reimagined tokenomics, improved interoperability with Ethereum, and new tools. In a recent post on X, VeChain announced the “VeChain Renaissance,” a revolutionary plan to prepare the network for the age of mass blockchain usage. This update seeks to align VeChain’s technology and tokenomics with global standards and open the network to developers and institutions. One of the key aspects of the VeChain Renaissance was the change in token distribution. The upgrade incorporates a new consensus mechanism, new VTHO token…
Bitcoin’s (BTC) pullback from the $100,000 level after continuously hitting fresh new highs is only a temporary setback before eventually shooting past the barrier to even higher prices, crypto analytics firm CryptoQuant said. According to a Wednesday report shared with CoinDesk, multiple blockchain data metrics suggest that the largest crypto has more room to run before topping. CryptoQuant’s custom P&L index, which combines several on-chain valuation metrics to signal whether BTC is overvalued or undervalued, shows that the asset is firmly in a bull market but far from the overvalued levels it reached at the previous market peaks in 2021,…
An Ethereum whale, known for strategic trading activity, recently added 22,919 ETH worth $77.2 million to their portfolio at an average price of $3,368. This transaction, occurring just four hours ago, underscores the trader’s aggressive positioning in the market as Ethereum prices show signs of resilience. A whale bought 22,919 $ETH($77.2M) at an average price of $3,368 again 4 hours ago.Since Aug 12, this whale has made 25 swing trades in $ETH and $WBTC, 21 of which were profitable, with a win rate of 84%, and a total profit of $4.57M.https://t.co/LGiKOWKUqz pic.twitter.com/smncJ2Qnhp — Lookonchain (@lookonchain) December 31, 2024 The whale’s…
Cardano (ADA) has achieved a significant milestone by topping 100 million transactions. This achievement highlights the network’s expansion and increasing adoption. November was a notable month for Cardano, with the ADA price surging 216% in a tremendous rise. The Cardano network also experienced an increase in transaction volume. According to November development highlights shared by Cardano developer Input Output Global (IOG), the total number of transactions for Cardano increased by 2.65 million over the month to a total of 100.57 million. Another month, another set of strides for the Cardano ecosystem. Take a look at November’s main updates and achievements…
Ethereum scarcity narrative is “equally strong” to Bitcoin in practice, says 1confirmation’s Nick Tomaino, predicting ETH price to surpass $10,000. Ethereum’s (ETH) growth and deflationary supply make $10,000 achievable, says 1confirmation founder Nick Tomaino, citing the network’s dominance in decentralized finance, stablecoins and developer community as key drivers of long-term value. We bull post ETH because we care about truth and want you to win despite what losers on X tell you. It’s going to $10K+ regardless.Facts:– The best crypto developers are still building in Ethereum just like they have been for the past 7+ years. L2s like Base and…
Binance announced plans to list Orca (ORCA) and Across Protocol (ACX) and to open trades for multiple spot trading pairs. The trading platform periodically adds or removes tokens from its product suite as part of its routine operations review to ensure it meets industry requirements sufficiently while delivering a high level of standard. Binance New Listings: ORCA and ACX According to an official announcement from Binance, ORCA and ACX tokens will be available for trading against the USDT stablecoin beginning December 6 at 13:00 UTC. Withdrawals will be open 24 hours after listing. “New Spot Trading Pairs: ACX/USDT, ORCA/USDT, users…
Web3 and crypto-based gaming saw a significant demand in the past cycle with the surge of the play-to-earn games. 2025 promises to have even better and funnier blockchain games, starting with three notable gaming projects developed on Solana (SOL). The problem the industry faced back in 2020 to 2022 with blockchain games is that, due to an impressive market demand, many game developers rushed to launch their product as fast as possible to navigate the hype and capitalize with related tokens. With that, the blockchain gaming industry was soon flooded with poorly designed games and tokenomics, besides some clear rug…