Author: NBTC
More than 85% of Dogecoin holders have seen a positive return on their investment in the Shiba Inu-themed cryptocurrency following the token’s rally earlier this week, according to new data. Dogecoin is trading at nearly $0.166 as of this writing, up 49% over the last month, CoinGecko data shows. That’s still 77% less than the token’s all-time high price of just above $0.73 set in May 2021. Nevertheless, some 86% of Dogecoin (DOGE) holders are in the green, meaning the token’s present price exceeds those at which the majority of its investors bought their holdings, IntoTheBlock’s data shows. Another 11%…
The Kraken cryptocurrency exchange has added a slew of new margin collateral currencies, according to a Wednesday announcement. The list of new additions includes such altcoins as Ripple-affiliated XRP and Dogecoin (DOGE). With the most recent additions, Kraken has almost doubled the selection of available cryptocurrencies. As reported by U.Today, the major U.S. exchange added SHIB as collateral back in August, alongside such competing meme cryptocurrencies as Bonk (BONK) and dogwifhat (WIF). Margin trading allows users to make trades with borrowed assets. Exchanges require users to post collateral in order to trade with leverage. This type of trading is alluring…
In a major announcement in the blockchain and Web3sphere, MoonDog has announced its new partnership with Aelf. This Artificial Intelligence-enabled Layer 1 blockchain is reputed for spearheading innovation across Asia. It is a step toward the decentralization of the future that has set as its goal the improvement of blockchain technology with regard to speed, protection, and simplicity. Driving Efficiency and Security in Web3 Though relatively new in the blockchain space, MoonDog expressed its enthusiasm for partnering with Aelf through social media platforms. Their development was presented as being in line with the goal of creating innovative products for applying…
The relationship between Bitcoin and traditional markets like the S&P 500 and commodities, including gold and copper, suggests challenges ahead. Two recent charts from Bloomberg’s Senior Commodity Strategist Mike McGlone discuss Bitcoin’s position in the market. The charts suggest that Bitcoin may face challenges going forward, especially in maintaining its status as a high-beta risk asset. Bitcoin’s High Correlation with S&P 500 The first chart shows the highest-ever 60-day correlation between Bitcoin and the S&P 500 during a rising market. Notably, the correlation hit 0.5661, indicating that both assets are aligning strongly. This trend had stalled earlier in the year,…
Even after today’s 4% retracement off October’s near-record highs for crypto prices, most major assets have rallied year-to-date. Bitcoin has added 66% to its market capitalization while smaller assets like Dogecoin and BNB have nearly doubled. In fact, every top 10 crypto asset has posted positive or neutral performance in 2024 except one: XRP. With total crypto market capitalization $680 billion higher than January 1, holders of XRP are disappointed, to say the least. Even troubled stablecoins like tether — with its 19 run-ins with the US government, including a Manhattan US Attorney investigation this month — have performed better…
It’s often said that the real money in the gold rush was made by selling shovels. You could argue that’s the case in crypto right now as well: As Solana eyes an all-time high, it’s the crypto exchanges — where users gain access to their magic internet money — raking in most of the revenue. Despite the growth of decentralized exchanges relative to centralized ones, Coinbase is still lapping up a lot of the US crypto market, while Binance remains dominant in the east. These exchanges take in funds from trading fees and from their Solana validators, but onchain sleuths…
Analysts at Bernstein, a leading brokerage and research firm, foresee Bitcoin reaching $200,000 by the end of 2025, a target described as “conservative.” The analyst highlighted Bitcoin’s potential as a “store of value,” given its fixed supply and ongoing economic uncertainties. With the U.S. national debt exceeding $35 trillion and persistent inflation risks, Bitcoin is seen as a compelling alternative to traditional assets like gold. Alternative Investment Options Meanwhile, the Bernstein analyst offered suggestions for investors who may prefer indirect Bitcoin exposure. Notable options include MicroStrategy, a company with the largest corporate Bitcoin holdings, and Robinhood, a trading platform that…
Ethereum dominates NFT development with unmatched functionality and smart contract innovation. Solana’s speed and cost-efficiency make it ideal for emerging NFT platforms. Tether stabilizes NFT trading, ensuring consistent and reliable financial transactions. Cryptocurrencies are emerging as new players in the field of digital finance and non-fungible tokens (NFTs) are changing the usual investment patterns. A new market study for writing shows that it has become a virtual web that is changing the meaning of digital assets, ownership and calls for technologies. Ethereum(ETH): The Revolutionary Pioneer of NFT Ecosystems Today, Ethereum (ETH) already can be credited as the behind-the-scenes rail infrastructure…
Blockchain technology is evolving rapidly, and Solana continues to make its case as one of the most promising projects in the cryptocurrency world. With low fees for transactions and high network speeds, Solana (SOL) is becoming a central hub for new decentralized applications. In this article, we will take a deeper look into the Solana cryptocurrency, its key features, how it works, its price history, and also how it compares to other blockchain networks. What is Solana? Launched in March 2020, the Solana cryptocurrency has stood the test of time and currently ranks 5th in market capitalization, with $81.7 billion…
Webull, a regulated trading platform, has expanded its crypto futures offering through a partnership with Coinbase Derivatives. The retail brokerage and digital investment platform announced the development on Nov. 20, noting that the integration opens crypto futures trading opportunities for U.S. retail traders. This follows Webull’s introduction of futures and commodities trading in March 2024. Coinbase Derivatives, meanwhile, secured approval as a futures exchange from the Commodity Futures Trading Commission in August 2023. You might also like: Spot Bitcoin ETFs inflows surge 220% amid options launch With their collaboration, Webull can now offer its customers in the U.S. access to…