Author: NBTC
Grayscale, the most prominent crypto asset manager, has spotlighted XRP as one of the most valuable crypto assets in the industry. In a recent post on X, Grayscale shared a weekly spotlight of the most prominent crypto assets in the market, specifically highlighting their price performances. XRP was featured in the highlight reel. It stood alongside industry giants Bitcoin and Ethereum with its market cap of $25 billion. 📸 Grayscale Crypto Snapshot – Assets Our weekly snapshot of the top 10 #crypto assets by 1 week returns. –$TRX $SOL $AVAX $ADA $BTC $BNB $ETH $XRP $TON $DOGE pic.twitter.com/G9S0swCJl0 — Grayscale…
MicroStrategy co-founder Michael Saylor recently took to X (formerly Twitter) to highlight Bitcoin’s dominance over every other asset class. The chart shows that Bitcoin’s cumulative returns have reached 21,372,237% since 2011. The nascent cryptocurrency dwarfs the returns of gold, tech stocks, and other assets. Bitcoin has also outperformed every other asset class on an annualized basis, with average returns of 148%. During this halving cycle, however, Bitcoin’s price performance has been rather underwhelming so far. The leading cryptocurrency is lagging behind the MicroStrategy (MSTR) stock as well as a slew of mining stocks. Following the launch of Bitcoin exchange-traded funds…
Tron Army laments the lack of classic DeFi protocols and bridging solutions. The community suggests improvements and highlights trust issues. Justin Sun commits to enhancing DeFi capabilities on Tron. Tron, a leading blockchain platform, is facing scrutiny from its community over the integration of decentralized finance (DeFi) protocols and the overall functionality of its network. Despite being known for its fast transactions, Tron has encountered challenges related to DeFi adoption. In a recent post on X, PaperImperium questioned the absence of classic DeFi protocols on Tron. They noted the difficulties in bridging to the network, which largely relies on centralized…
The second-largest cryptocurrency by market capitalization Ethereum ($ETH) has significantly underperformed Bitcoin in recent months to the point the ETH/BTC ratio, a key indicator of the relative strength of the two cryptocurrencies, has plummeted to its lowest level since April 2021, reaching a precarious 0.044. According to data shared by leading institutional digital asset data provider CCData, ETH has been consistently underperforming Bitcoin. Meanwhile ETH rival Solana has bucked the trend, with the SOL/ETH ratio steadily climbing to now be near a new all-time high. Chart of the Week: #Ethereum has significantly underperformed vs #Bitcoin, with the ETH/BTC ratio reaching…
Early investors in the popular memecoin PEPE are cashing out, after a four-month lull, sparking renewed interest and speculation in the volatile crypto market. A large-scale transfer of 451.1 billion PEPE tokens, worth nearly $4.24 million, marks a remarkable 5070x profit for the anonymous whale who made an early bet on the frog-themed token. PEPE 早期投资者在沉睡四个月后将 4511 亿枚 $PEPE 转移至新地址 0xd0f…8aa69，价值 424 万美金，已浮盈 5070 倍！😵该巨鲸在 PEPE 上线三天后花费 1.86 ETH（3889 美金）买入了 22360 万亿枚代币，均价仅 $0.000000001739；他卖出大部分代币后已将剩余部分分发至三个地址 pic.twitter.com/tnrpV4M3M8 — Ai 姨 (@ai_9684xtpa) July 12, 2024 Data analysis revealed the early investor’s journey with PEPE. Just three days after the token’s launch, the anonymous entity…
In a video released on June 22, crypto analyst Lark Davis delves into a critical question for cryptocurrency investors: What will happen to Bitcoin’s price when the Federal Reserve eventually cuts interest rates? Lark Davis begins by examining the history of rate cuts and their effects on financial markets. Davis notes that over the past 50 years, the US has undergone seven rate cut cycles, typically lasting around 26 months each. According to Davis, stock markets generally perform well during these cycles if the economy remains robust. Davis explains that increased spending during these times boosts corporate profits, leading to…
The crypto market saw contrasting trends concerning Bticoin and Ethereum exchange-traded funds on August 7. Lookonchain, a popular on-chain analytics firm, disclosed that the noteworthy inflows of ETH ETFs have contrasted with the huge outflows of BTC ETFs, highlighting a change in the sentiment of crypto investors. The analytics platform disclosed the latest update concerning the ETFs on its official social media account. 9 #Ethereum ETFs inflows 44,447 $ETH($110.1M), 2 consecutive days of net inflows!Aug 7 Update:10 #Bitcoin ETFsNetFlow: -1,899 $BTC(-$109.14)🔴#Fidelity outflows 1,137 $BTC($65.33M) and currently holds 175,858 $BTC($10.11B).9 #Ethereum ETFsNetFlow: +44,447… pic.twitter.com/foD2PvmxJy — Lookonchain (@lookonchain) August 7, 2024 Bitcoin…
20 million tokens of the 100 million total supply will be sold on Fjord Foundry at a fixed price of $0.30. “Rage Quit” feature introduced to allow private investors to get their allocation early for a 60% haircut. RAGE will be one of the first tokens on Hyperliquid, a newly-launched layer-1 blockchain. Decentralized exchange (DEX) perpetual aggregator Rage Trade has announced plans to issue a new token (RAGE) via a liquidity generation event and a token sale on hosted on Fjord Foundry on Aug. 7. The token will be built on the recently-released Hyperliquid blockchain, a layer-1 network that initially…
Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, issues a trolling comment in reaction to the news that Dogecoin is developing a game. In an exciting development, Jordan Jefferson, the CEO and co-founder of popular crypto wallet My Doge, recently announced that Dogecoin was making preparations to enter the gaming industry. “Gaming on Dogecoin is coming,” Jefferson remarked in a recent tweet. The famous software engineer attached a short video of what appeared to be a snippet from the game. In the video, three dogs bow to a warrior-like dog statue. Shiba Inu Lead Reacts As expected, the…
in a video released on June 22, prominent crypto analyst and Trader Eric Crown talked about what to expect from Bitcoin in July July 2024. Crown begins his analysis by noting that with just over a week left until July starts, it’s an appropriate time to review historical returns for July and compare them with the past few months. Crown highlights that historically, July has been a positive month for Bitcoin, with nine out of the last fourteen Julys closing positively, yielding a probability of just over 64% for a positive close. Crown details that the average return for positive…