Author: NBTC
Cryptocurrency analytics firm CryptoQuant has assessed Bitcoin’s recent rally and concluded that the bull market remains strong despite the recent price correction. Bitcoin reached an all-time high of $99,900 last week but has since retreated to around $93,000. At the time of writing, another recovery is underway. According to CryptoQuant, onchain fundamentals suggest that BTC is far from reaching the top of the market. CryptoQuant’s analysis highlights that Bitcoin’s realized price valuation (an indicator based on the average price at which all coins have recently moved) has set an upper target of $146,000. Historically, this valuation level has marked the…
Ether (ETH) has a strong track record of gains in the first quarter of the year. Historical data indicates that ETH often sees significant price increases at the beginning of each year, and this trend could continue in 2025. Factors such as rising accumulation levels and increased capital flow into spot Ethereum exchange-traded funds (ETFs) suggest that ETH may be poised for another Q1 rally. According to data from Coinglass, Ethereum gained 68.68% in Q1 2024, 71.77% in Q1 2023, 103.17% in Q1 2021, and a massive 539.96% in Q1 2013. However, it’s worth noting that the first quarters of…
In a seemingly direct appeal, Mishaboar, a prominent Dogecoin community member, has called on Phantom, a popular Solana wallet, to add support for Dogecoin. In a message shared on social media platform X, Mishaboar tagged Phantom and praised its ease of use while making his case for Dogecoin integration: “Hey Phantom, I enjoy using your wallet. It would be really cool if you could add support for Dogecoin. And since you are already supporting Bitcoin — it should not be too difficult. Let me know.” Hey @phantom, I enjoy using your wallet. It would be really cool if you could…
As Bitcoin struggles to hit record highs, public interest in cryptocurrencies is slowly increasing but remains far from the euphoric peaks of 2017 and 2021, according to a new analysis by crypto research firm Alphractal. The report notes that despite increased awareness, the wider public has yet to rekindle their fascination with crypto. Alphractal points to several indicators that suggest there has been a modest increase in interest, but not the frenzy seen in past bull markets: Google Searches: While search volumes for “Crypto” and “Bitcoin” have increased, they are still significantly down from the explosive rallies of 2017 and…
While 2024 was a year of tremendous increases for Bitcoin (BTC), the same was not true for Ethereum. While ETH showed a duller performance compared to Bitcoin, analysts predict that Ethereum will explode in 2025. However, there is still no consensus among analysts. At this point, CK Zheng, Chief Investment Officer of crypto hedge fund ZX Squared Capital, stated that if history repeats itself, Ethereum could experience a major rally in the first quarter of 2025. According to the analyst, the first quarters of the new year, which came after the US elections and the Bitcoin halving cycle, were the…
Cardano Constitution, a one-of-a-kind multi-purpose codex of principles for the Cardano (ADA) ecosystem, its scaling, growth and tech development, is now one step closer to being ratified. Being green-lit by Constitution Committee, the draft awaits approval from DReps. Cardano Constitution accepted by Committee, ADA community referendum arrives next month According to the official statements by Cardano’s IOG and EMURGO, the first draft of the Cardano Constitution, a universal code of “provisions and guardrails” for the blockchain’s future, received an approval from Constitutional Convention 2024. We’ve come a long way to make today happen.The Cardano Constitution has been accepted, marking a…
The cryptocurrency market may be about to turn a corner. Ethereum’s (ETH) dominance is showing signs of stabilizing after a months-long decline, and this could signal a potential reversal. Historically, the fourth quarter has been a strong period for Ethereum, often marking a bottom against Bitcoin (BTC). According to crypto analyst Mikybull Crypto, ETH is now showing strength over BTC, which could set the stage for a potential altcoin surge in Q1. $ETH is looking stronger than $BTC As I said Q4 historically marked a bottom for ETH/BTC Expect #ALTSEASON in Q1 pic.twitter.com/cG0CibX1dd — Mikybull 🐂Crypto (@MikybullCrypto) December 30, 2024…
Kaal Dhairya, a top developer associated with Shiba Inu (SHIB), has playfully engaged MetaMask, the dominant Web3 wallet provider for the Ethereum ecosystem. In a post on X, Dhairya called out MetaMask regarding a crucial issue related to Shibarium, SHIB’s Layer-2 blockchain network. Collaboration for Shibarium integration Dhairya referenced a post by MetaMask in which SHIB occupies the third position of “top dogs.” These top dogs represent the five most swapped tokens on the Ethereum mainnet within the last seven days. The rating flows from the fact that most Layer-2 protocols, including Shiba Inu and tokens built on Ethereum, are…
Nouriel Roubini, one of the most prolific cryptocurrency critics, has not warmed up to Bitcoin even after the blistering rally experienced by the leading cryptocurrency. The Turkish-born American economist, who famously predicted the global financial crisis in the late 2000s, recently mentioned a slew of reasons why he remains a crypto skeptic. According to Roubini, Bitcoin cannot function either as a currency or a unit of account. Moreover, he has noted that the large cryptocurrency does not have a sufficient level of scalability to be used for making payments. While Bitcoin has started chipping away at gold’s market share, Roubini…
Ethereum, which has seen a significant jump in long-term holders in 2024, could potentially rally to as high as $6,000 in Q1 2025, according to analysts. In a Dec. 29 X post, CryptoBullet, who has over 152k followers, noted that Ethereum is in the process of forming a bull pennant pattern on the 1-day ETH/USDT chart. He expects this pattern to be completed in the coming months, potentially leading to a massive surge to as high as $6,000 within Q1 2025. In technical analysis, a bull pennant pattern forms after an asset experiences an uptrend and typically indicates a potential…