Author: NBTC

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…

A whale’s move to acquire huge amounts of Fantom (FTM) tokens has garnered interest from market participants. That is according to data shared by Spot on Chain today December 7. The on-chain analytics platform spotted a big whale who spent 420 Lido wstETH tokens ($2 million) to buy 1.47 million FTM tokens in a single transaction. The big investor capitalized on price volatility, bought Fantom hoping for a potential price rise. A big whale spent 420 $WSTETH ($2M) to buy 1.47M $FTM in a single transaction 2 hours ago!Notably, over the past 6 days, this whale has spent a total…

The recent rise in Bitcoin may have entered a temporary pause, but Frank Speiser, CEO of predictive trading platform Metafide, continues to speak assertively about BTC’s long-term prospects. Speiser outlined his prediction that Bitcoin could reach $250,000 by the end of 2025 and $500,000 by the end of 2027. According to Speiser, Bitcoin’s scarcity is becoming a major factor determining its price potential. “Right now, there’s not enough Bitcoin to meet demand,” Speiser said, adding that record inflows into Bitcoin ETFs and increasing institutional interest are important factors. He also pointed to the U.S. government’s plans to set up a…

Ethereum continues to face challenges as it struggles to reclaim the $3,500 level, a critical threshold for reaching $4,000. Worsening market conditions are compounding the altcoin’s difficulties, reducing the likelihood of a near-term recovery and leaving investors uncertain about the price trajectory. Ethereum Losses Mount Recent Ethereum network transactions have been dominated by losses rather than profits. Many investors are panic selling their holdings, particularly short-term ones, in an attempt to secure gains or reinvest during dips. However, these actions often result in missed opportunities, exacerbating the downturn. This behavior highlights the broader lack of confidence among investors. The tendency…

XRP remains one of the success stories of the current cryptocurrency market rally, having broken out of a prolonged consolidation zone that had cast doubt on the asset’s sustainability. The XRP price resurgence has gained traction as the asset maintains a diverse distribution of tokens across institutional custodians, exchanges, and individual accounts. As of press time, XRP was valued at $2.52, rallying by over 5% in the last 24 hours. On the weekly chart, the Ripple-affiliated digital asset has gained over 33%. Looking at the asset’s distribution, out of the maximum supply of 100 billion XRP, approximately 57 billion XRP…

Although currently undergoing a brief correction after almost touching the $100,000 price level, technical analysis has shown the emergence of a bullish pattern on the Bitcoin price chart. Notably, the correction has given rise to the formation of a bullish pennant on the 3-day candlestick Bitcoin price chart. This development might be the bullish momentum needed to eventually break past the $100,000 price threshold. However, the anticipated breakout is not just above $100,000, but a run that would send the cryptocurrency to $145,000. Bullish Pennant Emerges On Bitcoin Price Chart Recent price action in the past 24 hours has seen…

Ethereum recently found stability at the $3K support region after facing substantial selling pressure, leading to a consolidation phase. A golden cross on the daily chart further signals the potential for a mid-term bullish rebound, suggesting optimism in the market’s outlook. Technical Analysis By Shayan The Daily Chart Ethereum’s price action has been marked by increased volatility, particularly after its rejection at the $4K resistance level. This decline pushed the asset below the crucial $3.5K threshold, ultimately finding strong support at the $3K zone. This level holds considerable significance due to the confluence of demand and the alignment of the…