Author: NBTC

Solana (SOL) has taken the cryptocurrency market by storm in 2021 with meteoric growth. Its price surged over 11,000% in 2021 alone, massively outperforming top coins like Bitcoin and Ethereum. Once an obscure project, Solana is ranked #5 with a multi-billion dollar market cap. In this article, we will reveal an emerging cryptocurrency related to Solana that remains largely under the radar. This “hidden gem” has huge growth potential that could replicate Solana’s epic rise. Read on to unveil this surprising cryptocurrency that experts predict could experience explosive growth in 2024 and beyond. Solana’s Unstoppable Rise Lightning-Fast Transaction Speed and…

CryptoQuant, a cryptocurrency analysis company, recently published two different analyzes about Bitcoin and the overall cryptocurrency market. These analyzes focus on the Bitcoin Miners’ Position Index (MPI) and the current high open interest level in Bitcoin. According to analysts, the Bitcoin Miners’ Position Index (MPI) showed that miners’ selling pressure has increased, leading to some concerns in the crypto community. MPI measures the extent to which miners’ outflows or sales deviate from their long-term moving average. According to the analyst, the 30-day simple moving average of MPI, represented by the yellow line on the chart, is particularly striking. According to…

The dForce network has taken a significant leap forward in fostering community-driven innovation within the decentralized finance (DeFi) sector. Following the unanimous approval of the DIP061 proposal, the network proudly announces the launch of the dForce Grants Program (DGP), a pioneering initiative aimed at supporting and nurturing creative projects within its ecosystem. DGP: Catalyzing DeFi ecosystem growth and collaboration The DGP stands as a beacon of dForce’s commitment to the expansion and diversification of its ecosystem. The initiative marks a new era where developers, innovators, and community members are empowered with financial, technical, and consultative support to bring their visionary…

Decrypt’s Art, Fashion, and Entertainment Hub. Is the Solana Saga an endangered species? Just 20,000 of the crypto-friendly Android smartphones were produced, but now there’s one less in the world after a Solana influencer microwaved one as a stunt and posted the video on Twitter—and then minted thousands of commemorative NFTs based on it. Bangerz, a self-described “washed up influencer” and co-founder and CEO of NFT launchpad 3.land, posted a video of herself scorching the high-end smartphone in a microwave. The device made crackling sounds while cooking, then came out steaming and dripping a mysterious liquid as the screen bubbled…

Ether price jumped 2% above $2,400 after Ark Invest/21Shares amended their spot Ethereum ETF paperwork. The updates bring the ETF more “in line” with spot bitcoin ETFs that regulators approved last month, said Bloomberg Intelligence’s Eric Balchunas. Ethereum’s native token ether (ETH) jumped above $2,400 Wednesday afternoon to a two-week high as asset managers Ark Invest and 21Shares amended their joint spot ETH exchange-traded fund (ETF) filing. The updated S-1 paperwork filed Wednesday with the U.S. Securities and Exchange Commission (SEC) shows that the ETF would feature a cash creation and redemption mechanism, which that regulatory agency favored for spot…

Prominent Bitcoin traders flood the XRP market, injecting substantial funds amid growing skepticism. Regardless of the growing resentment towards XRP, notable traders from the broader crypto community are increasingly entering the XRP market, expressing their confidence in the asset. One of the most recent significant XRP buy disclosures from the other community came from an elite Bitcoin trader using the “Doctor Profit” username on X. Bitcoin Trader Stocks 888,353 XRP In a post earlier today, Doctor Profit revealed that he had invested half a million dollars into XRP. According to the disclosure, the Bitcoin trader entered the XRP market at…

The Spot Bitcoin ETF market has witnessed unprecedented growth, with total net flows surpassing the $4.69 billion mark. This notable increase in investment activity comes just over a month after the inception of the spot Bitcoin ETF market, highlighting a robust and consistent investor interest. According to recent data released by Crypto.com Research & Insights, the combined inflows for Spot Bitcoin ETFs reached $477 million as of February 15, underscoring a significant uptick in market participation. This influx of investments aligns with a substantial appreciation in Bitcoin’s value, which recently hit a yearly peak of $52,820.07, representing an increase of…

2023 should have been decentralized finance’s (DeFi) time to shine. In late 2022, FTX’s implosion led to a near bank run on centralized exchanges (CEXs), and a flight to the transparency of DeFi alternatives. Rachel Lin is CEO of SynFutures, a decentralized derivatives trading platform. She previously worked in the global markets division at Deutsche Bank, where she specialized in derivatives, and is also a founding partner of Matrixport, one of Asia’s largest crypto neo-banks. But DeFi wasn’t ready. It fumbled the baton pass. Immature infrastructure and overly complex UI/UX meant DeFi wasn’t well-positioned to make the most of centralized…

Ryan Berckmans, an Ethereum community member and investor, recently discussed several key topics in an interview with Cointelegraph. He started by making a bold prediction that the price of Ethereum (ETH) could reach anywhere between $12,000 and $27,000 within 18 to 30 months. This surge is expected to be fueled by the potential approval of a spot Ethereum ETF, which analysts predict could happen as early as May this year. Berckmans emphasized the similarities between the lead-up to the ETF approval for Bitcoin and Ethereum, indicating a potential positive outcome for Ethereum’s price. Regarding the current state of the market,…

In a stunning display of trading acumen, an Ethereum (ETH) trader managed to secure a profit of approximately $166,000 within just two days, starting with an investment of merely 0.26 ETH (equivalent to $613). This remarkable feat was achieved through strategic transactions involving DeFrogs (DEFROGS), a new cryptocurrency that has recently captured the attention of the market. According to details shared by Lookonchain, a blockchain analytics platform, the trader embarked on this lucrative journey by initially investing 0.08 ETH ($190) to purchase 100 DEFROGS tokens. This transaction was executed despite the high gas fees at the time, which amounted to…