Author: NBTC
In the past 30 days, Ethereum’s (ETH) price has surged by 33%, fueling speculation about the cryptocurrency’s potential to hit new highs. While it seems unlikely as this month draws to a close, analysts’ Ethereum December prediction could bring in more gains for holders. BeInCrypto explores these forecasts, uncovering the key drivers behind the bullish sentiment surrounding ETH. Analyst Bullish on Ethereum, but Give Conditions According to Juan Pellicer, Senior Researcher at IntoTheBlock, Ethereum’s December prediction could see the cryptocurrency hit a new all-time high. However, in his opinion, Pellicer said that this would only come to pass if ETH…
The Fifth Circuit Court’s ruling on Tornado Cash on Wednesday has triggered widespread optimism, with decentralized protocols on Ethereum and privacy-focused tokens seeing significant gains. On Tuesday, the court found that immutable smart contracts aren’t property and can’t be sanctioned under existing laws, signaling what some observers claim as a major win for privacy advocates. “While the ruling does not endorse money laundering, it establishes a precedent allowing programmers to develop and release smart contract protocols without fear of sanction, provided they do not charge fees,” 10X Research said in a note to investors on Wednesday. The move could also…
As more and more reports signal for Solana (SOL) finally exceeding all EVM blockchains by on-chain trading volume, pseudonymous DeFi expert @jpn_memelord decided to study this phenomena. According to his data, the picture looks way more sophisticated, and Ethereum (ETH) might still be “the king.” Solana’s (SOL) trading volume comes from illiquid pools and meme coins, data says In the last 30 days, Solana (SOL) managed to surpass EVM chains by trading volume only thanks to low-liquidity pools and meme coins launched on Pump.Fun. Should we only track sustainable liquidity pools with large stable volume, Solana (SOL) could not be…
Bitcoin’s price recently experienced a surge, pushing it to a near three-month high. This rally has brought Bitcoin closer to its all-time high (ATH), sparking renewed optimism among traders and investors. However, despite this momentum, the presence of large whale transactions and substantial profits suggests a possible market drawdown, putting Bitcoin’s bullish outlook in jeopardy. Bitcoin Is the Talk of the Town Santiment’s latest data reveals a significant increase in whale transactions, with Bitcoin transactions over $100,000 reaching a 10-week high. This surge in whale activity often signals a shift in market behavior, as large holders are known to influence…
The price forecast for Ethereum (ETH) for December 2024 was discussed by the analyst from Bitget Research, Ryan Lee. What are the key factors influencing the performance of the second crypto by market cap? Ethereum (ETH) and its price prediction for December 2024: the key factors Ethereum: the price prediction says that ETH can fluctuate between 3,000 and 4,500 dollars The performance of the second crypto by market cap Ethereum (ETH) and its price prediction for December 2024: the key factors The analyst from Bitget Research, Ryan Lee, announced his price prediction for Ethereum (ETH) for the upcoming month of…
Metaplanet has been added to the the Amplify Transformational Data Sharing ETF or BLOK, a global index that invests in leading blockchain companies including SBI Holding, MicroStrategy and Nvidia. On Nov. 28, the Japanese investment firm announced its inclusion into BLOK, joining a lineup of 53 companies that engage in the development and utilization of blockchain technology. The ETF features leading industry players including MicroStrategy, Robinhood, Nvidia, and SBI Holdings. According to the press release, Metaplanet’s estimated starting weight on the BLOK will be around 2.9%. As of Nov. 29, the companies occupying to top spots on the Amplify Transformational…
Today, Oct. 26, 2024, all crypto markets are in red, scared by yesterday’s announcement about the alleged DoJ investigation against Tether. Meme coins perform even weaker than their competitors, but seasoned cryptocurrency commentator Miles Deutscher indicates some opportunities here. Meme coins WIF, PEPE in Miles Deutscher’s pick today Amid the ongoing decline of cryptocurrency market capitalization, some altcoins demonstrate potential for an upsurge, based on tech analysis patterns. Major meme coins Dogwifhat (WIF) and Pepe (PEPE) are among the candidates, cryptocurrency analyst Miles Deutscher says to his 551,000 followers on X. Lots of alts look like decent adds today.$WIF, $PEPE,…
Real Vision analyst Jamie Coutts believes that one investment trend could be the catalyst that sends Bitcoin (BTC) soaring to six figures. Coutts says that increasing Bitcoin adoption among money managers could cause the flagship crypto asset to increase by more than 643% of its current value before 2030. “Every time a money manager chooses BTC over sovereign debt, it reinforces the existing debasement trend. A slight shift toward Bitcoin could drive its price above $500,000 before the decade ends.” Coutts believes that Bitcoin’s relatively strong performance during bear markets and its store-of-value properties may result in more investment portfolios…
The Ethereum Foundation is preparing to invest tens of millions into zkVMs (Zero Knowledge Virtual Machines). The development has been revealed by Justin Drake, who is a researcher at the organisation. In a separate development, yesterday, Ethereum co-founder Jeffrey Wilcke moved over 20,000 ETH to Kraken, triggering concerns across the cryptocurrency market. In the last 24 hours, the Ethereum market has dropped slightly by 0.7%. Will it decline further? Let’s analyse the key developments to understand the market scenario better. Please join! Ethereum Foundation Bets Big on zkVMs In a post on X, Drake states that the EF is preparing…
According to a Standard Chartered report, stablecoins are shifting from initial use in crypto exchanges to broader applications in global finance. The study indicates that stablecoins are increasingly used for purposes akin to traditional finance, such as saving and transacting in U.S. dollars and facilitating cross-border payments. Standard Chartered comments on how stablecoins’ dominant use case is evolving. “There is growing evidence of increasing stablecoin use for a variety of purposes akin to those provided in traditional finance.” According to the report, one significant factor driving this shift is the demand for faster and more accessible cross-border transactions. Traditional correspondent…