Author: NBTC
The cryptocurrency market is currently experiencing a phase marked by considerable greed. Bitcoin achieved a remarkable milestone by surging to a new all-time high of $72.2K. This achievement has positioned all Bitcoin participants in profit territory, fueling expectations of further upward movement in the currency’s value. However, amidst this exuberance, the possibility of a corrective phase remains plausible. Technical Analysis By Shayan The Daily Chart A thorough examination of the daily chart showcases Bitcoin’s impressive rally, surpassing a significant resistance zone denoted by its previous all-time high of $70K and reaching a new peak at $72.2K. This surge is a…
Bitget’s new meme coin (MOEW) has recorded double the volume of Brett (BRETT), the largest meme coin on the Base network, in the past 24 hours. 11,700 individual wallets hold MOEW hours after the release. A meme coin issued by cryptocurrency exchange Bitget has surged by more than 14,000% to a $31 million market cap hours after being released. The ticker for the token, which was issued on Base network, is MOEW, and it is currently trading at $0.0028 on the back of $34 million worth of trading volume, CoinMarketCap data shows. 11,700 individual wallets currently hold MOEW, according to…
Uniswap is the most used crypto DEX in the world, and recently it has surpassed a historic milestone regarding trading volumes. Indeed, its cumulative trading volumes since launch have exceeded a total of 250 billion dollars. 💰 L2 volume on #Uniswap has officially passed $250B pic.twitter.com/NVvRA0IYii — The Cryptonomist (@Cryptonomist_en) April 23, 2024 The trading volumes on the crypto DEX Uniswap The trading volumes on centralized exchanges Volumes on other crypto DEX: Uniswap dominates the scene DEX and CEX The trading volumes on the crypto DEX Uniswap Uniswap is now a multichain decentralized exchange, as it was originally born on…
The Cardano Foundation, alongside Blink Labs, dcSpark, Sundae Labs, and TxPipe announced the launch of PRAGMA, a member-based, not-for-profit open source association for blockchain software projects. The five entities, who are each deeply focused on IT development and engineering in the Cardano ecosystem, aim to foster an alternative open-source ecosystem for Cardano and other blockchains. The association will sign its statutes on 22 April. The Cardano Foundation sees the advancement of open source technologies as an important step towards a sustainable and robust Cardano ecosystem. An open source approach facilitates the creation of technologies that meet specific enterprise needs, while…
The cross-chain messaging protocol Wormhole opened airdrop claims for its governance token, named W, Wednesday morning. Some recipients celebrated so-called Wormhole Wednesday by cashing out on their allotment, leading W’s price to fall 24% within a few hours of the token beginning to trade, according to CoinGecko. The token would quickly recover though, settling at a smaller dip from its opening price by press time. 6.78% of W’s supply was set aside for the airdrop, an allocation worth roughly $855 million at current prices. Read more: Wormhole’s W airdrop to ‘acknowledge and reward’ dedicated users Wormhole is a multi-chain protocol,…
Nigeria’s central bank denies false claims made by crypto media, asserting that it didn’t mandate local banks to freeze accounts associated with unlicensed crypto exchanges. The Central Bank of Nigeria (CBN) says it didn’t order local financial institutions to freeze accounts linked to unlicensed crypto exchanges after reports surfaced alleging such directives. In an X post, the central bank clarified that the circulated circular wasn’t issued by the regulator, urging the public to rely on its official website for “authentic information.” This content is not from the Central Bank of Nigeria!Always refer to the Bank’s website at https://t.co/R9TQU0eRpp for authentic…
The first L1 mobility-based DePIN called Soarchain has made a major step in transforming the mobility sector revolution by entering the Interchain ecosystem. It sets the stage for a new era of vehicle-to-vehicle, vehicle-to-driver, and vehicle-to-environment interaction. Soarchain’s integration into the Interchain ecosystem is expected to drive concrete adoption, with collaborations already underway with established brands like Suzuki. 1/ The first L1 mobility-based DePIN enters the #interchain@soar_chain transforms the mobility industry by redefining the interaction between vehicles, their drivers, and the surrounding environment.Connectivity Infrastructure for vehicles – built on the Interchain Stack! pic.twitter.com/58NtsoyW3S — Cosmos – The Interchain ⚛️ (@cosmos)…
Mode, a layer 2 network on Ethereum, has begun the latest partnership endeavor. According to the platform, it is joining Atlendis Labs (a DeFi credit forum dealing with real-world businesses) to increase the decentralized finance ecosystem thereof. The company added that the collaboration is a significant move for it. Thrilled to collaborate with the Atlendis team as we broaden Mode’s DeFi ecosystem, incorporating off-chain asset-backed deals.Read all about it 👇 https://t.co/VoadAZQyJQ — Mode 🟡 (@modenetwork) April 25, 2024 Mode Network and Atlendis Labs Collaborate to Spread DeFi Ecosystem On its official X account, the firm disclosed the efforts that it…
Shiba Inu (SHIB) has soared 17% in the past week. The rally of Shiba Inu extends beyond its native token, SHIB, with companion tokens like LEASH and BONE. In a remarkable resurgence, Shiba Inu (SHIB), the famed meme coin, has recovered from recent losses and soared by 17% in the past seven days, currently trading at $0.00002524. This resurgence comes on the heels of significant growth within the Shiba Inu ecosystem during the first quarter of 2024, with SHIB, alongside its companions Doge Killer (LEASH) and Bone ShibaSwap (BONE), witnessing substantial price hikes. Further, the widely-used cryptocurrency trading platform Robinhood…
There’s good reason to believe the enigmatic Shiba Inu meme coin founder “Ryoshi” is sitting on 10% of the total SHIB supply, despite repeatedly claiming to own no SHIB tokens. It might even be more accurate to say they own 17% of the supply, considering that 41% of the tokens had been burned by 2022. Regardless, Ryoshi may be holding a SHIB fortune worth $1.8 billion at today’s prices, according to an analysis by crypto forensics firm Bubblemaps. That means when SHIB’s market cap ballooned to $41 billion on October 30, 2021, Ryoshi would have had a meme coin fortune…