Author: NBTC

Flare, the “blockchain for data,” is building out its decentralized finance (DeFi) ecosystem, Co-Founder Hugo Philion told Decrypt. “Flare is essentially emerging as a kind of DeFi hub,” said Philion in a recent sitdown interview with Decrypt, adding that it’s “growing very quickly” through partnerships and integrations. The EVM-compatible Layer 1 network offers developers “decentralized access to high-integrity data from other chains and the internet,” leveraging its Flare Time-Series Oracle and Flare Data Connector to provide decentralized applications (dapps) with an alternative to centralized off-chain oracles. With a total value locked (TVL) of $20.75 million according to DeFiLlama, Flare hit…

Ethereum (ETH) price has continued its uptrend and bounced above the moving average lines. The bears have already pushed the altcoin to the $3,000 support level twice before it recovered. Ethereum price long-term analysis: bullish On the upside, the price of the cryptocurrency is testing the $3,400 mark for the third time, trying to break above the resistance. Ether has already faced resistance twice when it fell above the $3,000 low or the 21-day SMA support. If buyers maintain the bullish momentum above $3,400, Ether will rally to $3,800. The uptrend will continue to the high of $4,000. If Ether…

Market expert AIM Buster has called for calm among XRP proponents, suggesting that the altcoins’s consolidation phase is almost over, and a quick upside move is on the horizon. XRP has had a long period of price stagnation despite growing traction and institutional influx into the cryptocurrency market. For instance, the seventh-largest crypto asset last traded above $1 almost three years ago and is down 4.47% from its price year-over-year. While sentiments around the XRP community remain mixed, analyst AIM Buster has insisted that the consolidation phase is almost over. Per his Monday analysis, XRP is about to break out…

The premier crypto asset, Bitcoin, consolidates near its past peak, as data shows over 320K active addresses engaged within the current range. Bitcoin began the week on a strong note, reaching a multi-month peak of $69,500, though it fell short of hitting the crucial $70,000 mark. The cryptocurrency is now trading 7.37% below its all-time high of $73,737, recorded on March 14, 2024. Notably, IntoTheBlock’s data indicates high engagement among Bitcoin addresses near its previous all-time high, with over 320,000 active addresses interacting within this price range. Of these active addresses, about 220,000 have an average purchase price of $68,500.…

Decentralized Finance (DeFi) projects with low Market Cap to Total Value Locked (MC/TVL) ratios are getting popular with investors. This metric, which is commonly used to assess valuation and trust, helps identify projects with strong fundamentals and untapped growth potential. Snapshot of Low MC/TVL Projects :• $ZERO: MC $6.42M | TVL $307.12M | MC/TVL 0.02• $MNDE: MC $54.98M | TVL $2.08B | MC/TVL 0.03• $EIGEN: MC $478.03M | TVL $14.33B | MC/TVL 0.03• $RENZO: MC $61.09M | TVL $1.70B | MC/TVL 0.04• $ETHFI: MC $369.40M | TVL $7.20B | MC/TVL… — Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) November 26, 2024 As per…

Ethereum’s recent price action highlights a mix of bullish momentum and cautious consolidation, with the price approaching a critical resistance at $3.5K. A breakout above this level could pave the way for a significant rally, but the potential for a continuation of the consolidation phase remains. Technical Analysis By Shayan The Daily Chart Ethereum’s upward trajectory has been marked by corrective retracements, which found support near the 200-day moving average at $3K. This zone acted as a significant support, with increased buying activity pushing the asset back toward the crucial $3.5K resistance, a region aligning with previous swing highs. The…

Aethir, the DePin “GPU-as-a-service” provider, announced a partnership with GMI Cloud, AI cloud service provider, and GAIB, an AI economic layer. These three will support H200 Tensor Core GPUs for global AI developers. Aethir has used its decentralized GPU hardware capabilities for several major AI projects in recent months. Aethir’s AI Initiatives According to a press release shared with BeInCrypto, DePin “GPU-as-a-service” firm Aethir is upgrading its decentralized computing ecosystem. Thanks to a partnership with GMI Cloud, an AI-focused cloud service provider, and GAIB, an AI economic layer, Aethir hopes to integrate new H200 Tensor Core GPUs into its DePin…

Bitcoin news of the newly launched Bitcoin-backed stablecoin USDa by Avalon Labs has rapidly gained traction in the market. It has amassed a supply of over 200 Million within just two weeks of its release. Positioned as the world’s first overcollateralized stablecoin backed by Bitcoin, USDa is now ranked as the third-largest CDP (collateralized debt position) stablecoin. USDa is trailing only behind established players like MakerDAO and JustStables. Issued by Avalon Labs, USDa emerged has a great innovation in the stablecoin space. It is attractive due to its overcollateralization promise. It ensures stability and reliability by backing each USDa token…

The price of Ethereum (ETH) hit $3,500 Monday morning, the highest the cryptocurrency has seen for four months since surpassing $3,500 on July 21. At time of publication, Ethereum has slipped back to around $3,475, up 3.6% on the day and 11.4% in the past week, per data from CoinGecko—the biggest weekly gains among the top five cryptocurrencies by market cap. Over the past year, Ethereum has become the butt of the joke of many crypto enthusiasts as they mocked the cryptocurrency’s middling gains. Compared to other major tokens, ETH has lagged behind, climbing just 49% since the start of…

With Bitcoin (BTC) hovering below $70,000, the record-breaking futures open interest may offer clues about its next price movement. As it stands, Bitcoin’s futures open interest hit an all-time high of almost $40.5 billion on October 21, according to data retrieved by Finbold from the crypto on-chain analysis platform CoinGlass. Implication of Bitcoin’s futures open interest Open interest refers to the value or number of outstanding futures contracts that have yet to expire. Typically, this metric measures the amount of money invested in Bitcoin derivatives at any given time. A high level of open interest suggests more active engagement from…