Author: NBTC
Ethereum Classic price forecast: ETH has emerged as a standout in the decentralized blockchain sector, with its price making a remarkable jump of 5% within a mere 24-hour window. Currently, the Ethereum Classic price is trading at $36.41. This upward trajectory suggests a bullish trend is unfolding in the market for Ethereum Classic. Ethereum Classic’s trading volume has seen a robust increase, soaring over 196% to reach $1.7 billion in the same time frame. This surge in trading activity points to a heightened interest from the cryptocurrency trading community. Positioned 22nd on CoinMarketCap, Ethereum Classic boasts a live market capitalization…
Bitcoin (BTC) price surged to above $48,000 again on Thursday as spot Bitcoin ETFs made their market debut following SEC’s approval on January 10, 2024. BlackRock’s Bitcoin ETF ($IBIT) traded $7.5M shares within the first 10 minutes as spot ETFs roared into the ecosystem. Bitcoin’s price shot past the $48,000 level on Thursday as the market opened to welcome the first trading day of spot Bitcoin ETFs in the US. The benchmark cryptocurrency’s price was up 8.8% to $48,875 at the time of writing, with a market capitalization of about $950 million. The price surge coincided with a stellar start…
Blast, an Ethereum layer-2 scaling solution, aims to address the Ethereum network’s scalability challenges. It has attracted significant interest by securing a total value locked (TVL) of over $1.4 billion and fostering a growing ecosystem of applications and users. Blast differentiates itself with features including native yields for ETH and stablecoins, facilitated by auto-rebasing mechanisms and collaborations with real-world asset protocols. Blast’s testnet went live in January 2024 ahead of a planned mainnet launch in February. Key features and innovations Native Yields: Blast is distinctive for offering native yields on ETH and stablecoins, a feature uncommon among layer-2 solutions. This…
Prominent crypto entrepreneur and vocal advocate for Bitcoin Samson Mow has stirred anticipation with his latest predictions tying BTC to the auspicious year of the Green Dragon in the Chinese zodiac. Mow, known for his bullish stance on Bitcoin, suggests that the convergence of the Year of the Green Dragon with Bitcoin could catalyze what he terms the “Omega Candle” in the crypto markets. 2024, dubbed the Year of the Green Dragon, symbolizes wealth and prosperity in Chinese culture. Mow posits that this alignment bodes well for Bitcoin, emphasizing its role as a tool for creating generational wealth. Drawing parallels…
Grayscale’s bitcoin fund (GBTC), the largest bitcoin investment vehicle, has seen its discount to net asset value (NAV) shrink to 0% for the first time since February 2021. This comes as the company got the all clear from the U.S. Securities and Exchange Commission on Wednesday to convert the fund into a spot bitcoin exchange traded-fund (ETF), which began trading on Thursday morning (alongside 10 other ETFs). The fund had traded at a discount to the price of the Bitcoin it held since February 2021 and hit record lows of nearly 50% in December 2022. GBTC’s discount to NAV began…
The PIXEL token is almost here. Pixels, a popular crypto game running on the Ronin network, announced late Wednesday that it will debut the game’s token with the debut of a Binance Launchpool promotion that will reward users with token incentives. Crypto exchange Binance will roll out the token with its Launchpool promo, which lets Binance customers earn PIXEL in return for staking either Binance’s BNB or the FDUSD stablecoin in respective liquidity pools. In total, 350 million PIXEL will be offered through the Launchpool campaign, representing 7% of the total token supply. The Launchpool run-up begins Friday, February 9…
In a recent analysis, renowned cryptocurrency analyst Michaël van de Poppe shed light on Bitcoin’s potential trajectory in this bull cycle. According to the analyst, the price of Bitcoin may rise to $200,000 or even $500,000 as the markets witness an unprecedented inflow of money. According to the analyst, markets are currently experiencing a greater flow of money than ever before. This is evident from the recent inflows into ETFs, which show increasing interest in the cryptocurrency market. The concept of diminishing returns has been a hot topic in recent months. This concept suggests that markets will make a lower…
The Ethereum (ETH) price was one of the most notable underperformers of 2023, increasing by only 90%. Will 2024 be better for the altcoin, or will Ethereum continue underperforming? Let’s find out! Ethereum Consolidates After Breakout The ETH price has increased since falling to a low of $881 in June 2022. During the upward movement, the price failed to break out from its range high several times (red icons), except for a deviation in April 2023 (red circle). The breakout was pivotal since the area had intermittently acted as support and resistance since 2021. In November, the ETH price finally…
Crypto exchange Coinbase (COIN) is set to benefit from the U.S. Securities and Exchange Commission’s (SEC) approval of spot bitcoin exchange-traded funds, investment firm Wedbush said in a report on Thursday. Wedbush maintained its outperform rating on Coinbase, and raised its price target on the stock to $180 from $110. Coinbase shares were trading 3% lower at $146.61 at time of publication. “COIN’s future results are bound to benefit from the SEC’s bitcoin ETF approvals, given the company’s dominant role in these ETFs, ETFs facilitation/unlocking of increment institutional investing in crypto assets (now under 10%), as well as recent legal/financial…
The Dogecoin (DOGE) community finds itself abuzz once again, contemplating the possibilities of the meme coin’s journey to Mars, with a post on X from MyDOGE CEO Jordan Jefferson. MyDOGE CEO’s speculative post Accompanied by a striking image of the famous Dogecoin logo floating in space, Jefferson declared the coin as the”Future currency of Mars.” This seemingly harmless statement sent ripples through the crypto market, sparking fervent discussions and fueling speculation about the meme coin’s prospects. Future currency of Mars pic.twitter.com/pBQP95uSF8 — Jordan Jefferson (@MyDogeCEO) February 8, 2024 The response from Jefferson’s followers was immediate and overwhelmingly positive. One enthusiast…