Author: NBTC
Ethereum’s price is yet to show any strong sign of recovery after a significant rejection from the $2,700 level. Yet, the price is testing a key level at the moment, which could soon determine whether the market will recover or drop even lower. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been rejected from $2,700 and the higher boundary of the large ascending channel. The $2,400 level has also been broken down, and the price is currently retesting from below. In case ETH climbs back above $2.4K, a rally toward the $2,700 level and…
The recent boom in artificial intelligence and the hype surrounding the emergent industry have been gravy for chip manufacturer Nvidia and its shareholders. So much so that the company’s market capitalization is now more than twice that of Bitcoin. American semiconductor giant Nvidia has been one of the biggest beneficiaries of the surge in interest in anything related to the artificial intelligence (AI) industry. Nvidia Stock and Market Cap All-Time High On February 6, the macroeconomics outlet Kobeissi Letter observed that Nvidia had a market cap of around $950 billion at the end of October. Since then, it has surged…
VeChain (VET) is on a bullish rampage as investors weigh in on the protocol’s prospects ahead of a major announcement. The digital currency ecosystem is on a major bullish rally at the moment as the price of Bitcoin (BTC) jumped to a new multi-year high above $52,000. The rally stirred an encompassing bullish twist in the broader altcoin market, with VeChain conveniently riding the trend. VeChain is now one of the altcoins with the biggest gains in the past 24 hours after soaring as high as 31% to $0.04522. The uptick has strengthened the market capitalization of the asset to…
Wednesday’s drop in the price of bitcoin was sudden, unexpected and severe — about 10%, followed by an equally sharp 5% bounce back. Passage, a new dapp launching today on Ethereum rollup Arbitrum, aims to help traders bet on volatility in a new, gamified way. Passage is a market for trading volatility simply, without relying on more complex options strategies. It’s essentially a prediction market for price ranges, offering short duration — initially two days — ETH-denominated contracts. The concept is to allow for trading volatility as intuitively as a perpetual future (perp), but the product can also serve as…
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. Non-fungible tokens, or NFTs, have faded into the background with all the chatter and excitement around a spot Bitcoin exchange-traded fund being approved in the US market. Earlier today GameStop revealed it has shut down its NFT marketplace, signaling its withdrawal from the cryptocurrency space. The announcement was made via a statement on the platform and cites “the…
In a recent statement that caught the attention of cryptocurrency enthusiasts and investors alike, well-known crypto analyst Michaël van de Poppe took to X (formerly Twitter) to share his insights into the current state and future movements of the two leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH). #Bitcoin remains in between levels. This means that there’s still a period of consolidation, from which I think that Ethereum is going to start outperforming, especially if the upgrades are going to be a success.Pre-halving perhaps $48K. pic.twitter.com/lxk9J4EHKC — Michaël van de Poppe (@CryptoMichNL) February 6, 2024 According to van de Poppe, Bitcoin…
A tokenized version of the Japanese Yen will land on-chain today. Helix, a decentralized exchange on Injective, will launch the Japanese Yen (JPY) forex pair on its platform, making it one of the first exchanges to introduce the Yen onto the blockchain. The Japanese yen is the fourth most-traded currency in the world, with USD, Euro and Sterling being in the top three. Chris Choi, the head of product at Helix, told Blockworks that there is currently little to no outlet for acquiring tokenized Yen, which sees billions in trade volume daily. Read more: Standardization coming for real-world assets ‘sooner…
The leader of the Shiba Inu developer team, known to the community as enigmatic Shytoshi Kusama, has shared a post published by The SHIB Magazine earlier today. It is about the new edition of the magazine and Shytoshi marked this tweets as “ICYMI”, adding that it is “Kinda important…” The tweet he shared was about the new special edition of the SHIB Magazine dedicated to Valentine’s Day. It contains an interview with one of the SHIB team members – the social media marketing lead Lucie who often shares messages from the SHIB developers on her Twitter account. Earlier this week,…
Robert Kiyosaki, prominent entrepreneur and investor, famous for his classic book on dealing with personal wealth, “Rich Dad Poor Dad,” has published a tweet about Bitcoin and the U.S. Federal Reserve, saying that he trusts the former and explaining why he does not trust the latter. This happened after he touched on the subject of Bitcoin and the fast growing U.S. national debt in his recent tweet. Rather than trust the Fed I prefer to trust gold, silver, and Bitcoin. — Robert Kiyosaki (@theRealKiyosaki) February 15, 2024 Kiyosaki trusts Bitcoin over Federal Reserve Robert Kiyosaki has described why he dislikes…
PancakeSwap has put forth a strategic proposal to launch veCAKE on Polygon zkEVM. It marks a significant step in the ongoing expansion of the veCAKE multi-chain initiative. PancakeSwap’s choice to improve veCAKE’s usability and availability on other blockchain networks shows the platform’s advancement in decentralized finance (DeFi). Over time, veCAKE has advanced, and its integration on Polygon zkEVM is exciting the community. In line with the fast-paced DeFi sector, PancakeSwap is flexible and willing to expand its offerings. ⚡️ Proposal to launch veCAKE on Polygon zkEVM📄 We propose to launch veCAKE on Polygon zkEVM, as part of our broader veCAKE…