Author: NBTC
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…
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back to MKR. Deflationary tokenomics If approved, the proposed tokenomics would eliminate token emissions under regular conditions, transforming the token structure to be strictly deflationary. The burning mechanism, integral to Maker’s tokenomics, would permanently reduce the total token supply over time. An exception to this rule…
Social investing firm eToro obtained a license to offer its services in New York. In an interview posted on the NYSE LinkedIn page, eToro’s Founder and CEO, Yoni Assia, highlighted the importance of the latest approval of its expansion plan in the region. “We are very excited to launch eToro in New York, where customers will be able to trade stocks and options on a wrap. Our global customers can trade cryptocurrencies alongside commodities and indices as well, and we are excited to have this milestone of enabling eToro to our New York customers,” Assia said. “There is a lot…
Bitcoin’s (BTC) push to realize the ‘Uptober’ momentum is fading as the asset has struggled to claim the $70,000 mark. This grim projection is now backed by technical indicators that signal more downside for Bitcoin at the end of October. This bearish outlook has emerged based on parallels between the current Bitcoin price action and historical patterns from April and November 2021, warning that this month may end similarly with a drop, as Alan Santana noted in a TradingView post on October 23. Specifically, April and November 2021 saw promising starts with price gains, followed by abrupt reversals. Both months…
Sui’s token price surged by 22.53%, reaching a high of $2.02, driven by strong trading volume. Dogecoin’s market cap rose to $26.26 billion as its price increased by 18.76%, reflecting significant investor interest. Pendle’s innovative yield tokenization approach led to a 16.46% price increase, showcasing strong participation in DeFi. The cryptocurrency market is buzzing as coins like SUI, Dogecoin, MOG Coin, and Pendle surge on rising investor interest and strong trading volumes. SUI, a layer-1 solution, gained traction with a 91% boost in daily transactions, while Dogecoin’s iconic Shiba Inu-backed token saw an 18.76% jump. Sui(SUI) Gains Momentum with Strong…