Author: NBTC
In the shadow of downtown skyscrapers, Alex watches as yet another old real estate property is renovated into luxury condos. Having lived in the neighborhood his entire life, he has seen it transform from a community of small homes to an area dominated by high-rises and exclusive properties. Institutional investors and high-net-worth individuals have reaped the most gains from these developments. Meanwhile, people like Alex have no choice but to remain on the sidelines, unable to afford the soaring property costs. Currently, financial inequality is swiftly increasing worldwide. The rich are getting richer, while the poor are getting poorer. The…
According to trading experts and analysts, Bitcoin (BTC) is not out of the woods yet despite the recent upside correction. Meanwhile, technical and fundamental analyses can provide insights as volatility hits and investors speculate on the cryptocurrency’s next move. One of these analysts is Credible Crypto, known for thoughtful and usually precise analyses of Bitcoin and cryptocurrencies. In a recent video, the trader explained he was waiting for a clearer signal before publishing an analysis. Previously, Credible Crypto celebrated BTC reaching his “downside target” and being ready for a “full bull gear,” as Finbold reported. However, Bitcoin’s price chart has…
Solv Protocol has introduced ‘SolvBTC.JUP’, a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana’s decentralized finance ecosystem. Even though it is only in its pilot phase, SolvBTC.JUP offers Bitcoin holders a way to generate returns, paid in Bitcoin (BTC), by participating in Solana’s (SOL) Jupiter Exchange, according to a press release shared with crypto.news. The process works by depositing Bitcoin into Solv Protocol. In exchange, users receive SolvBTC.JUP, which represents their staked Bitcoin. This token accrues yield over time based on Solv’s involvement in the Jupiter Liquidity Provider Pool. The Jupiter Exchange, a platform for decentralized…
Ethereum is currently at a critical juncture, with its price testing the $2.6K-$2.7K resistance zone. A breakout above this range could signal a mid-term bullish trend, potentially driving the price toward $2.8K and beyond. However, if the resistance holds, Ethereum may enter another bearish consolidation. Technical Analysis By Shayan The Daily Chart Ethereum has recently experienced a surge in price, primarily driven by heightened buying activity around the $2.3K support level. This bullish momentum has allowed the cryptocurrency to break above the descending channel’s middle trendline, signaling a possibly bullish shift. However, the asset is now encountering a substantial resistance…
A new survey from crypto exchange Kraken suggests that the majority of investors in the digital asset space are using the same strategy to gain exposure to the market. Kraken’s survey reports that 59% of market participants are employing a dollar cost average (DCA) strategy to invest in crypto assets. DCA refers to the practice of buying into the market on an ongoing basis regardless of price instead of attempting to time the market. Says Kraken, “Because it offers a ‘set it and forget it’ way to steadily accumulate crypto over time, dollar-cost averaging has also become a popular trading…
Bitcoin’s hashprice has risen to a two-month high, exceeding $50 for the first time since mid-August, according to data from Hashrate Index. On Oct. 17, the hashprice hit $53.64, marking its highest point since Aug 23. This comes after a significant drop in September, when the hashprice fell to an all-time low of below $40. Digital Mining Solutions founder Nico Smid noted that the recent increase provides much-needed relief to miners affected by the harsh market conditions. Last year, the hashprice consistently hovered above $60 per petahash per day (PH/day). Smid indicated that to return to that level with the…
Trader Joe (JOE), a decentralized trading platform operating on the Avalanche network, has quickly emerged as a significant player in the world of decentralized finance (DeFi). Designed to integrate various financial services, the platform combines decentralized exchange (DEX) functionalities with lending options, allowing users to engage in leveraged trading. The initiative aims to reflect the growing prominence of the Avalanche blockchain and cater to a global audience engaging with DeFi. Contents hide 1 What Is JOE Coin and Its Features? 2 How Can Users Purchase JOE Coin? What Is JOE Coin and Its Features? Since its inception, Trader Joe has…
The Ethereum Foundation’s lead recently sparked debate with their statements about the skyrocketing valuations of ERC20s, NFTs and meme coins. The Péter Szilágyi suggested that while experimentation in the crypto space is valuable, these assets reaching high valuations is problematic. According to their view, such extreme valuations, especially for projects with little to no inherent utility, are unsustainable. They argued that at some point, someone will extract the value from these overinflated assets, potentially damaging the broader ecosystem. Essentially, they are advocating for a more cautious approach toward the meme-driven side of crypto and the public figures promoting them. The…
Investor Luke Gromen is forecasting a breakdown in the dollar over time due to an increasingly unfavorable fiscal situation in the United States. In a new interview on the Trader’s Edge podcast, Gromen says the Federal Reserve is essentially “stuck” with low interest rates due to the inability of the US government to afford to service its debt with a higher Fed funds rate. Gromen says the Fed is being forced to cut rates not because inflation and the economy have cooled down, but because the US government’s financial situation is now so bad that it “requires” low rates. The…
Hamster Kombat has finally done the Token Generation Event and has started distributing the Airdrop. Around 75% of the total supply will be airdropped to the community. The Ton network has asked the validators to stay on high alert as this airdrop can cause the blockchain to clog just like during DOGS airdrop. As many hours have passed during the Airdrop, let’s find out what is happening in the Hamster Kombat market. Token Distribution and Exchange Listings According to the data from Tonviewer, Binance has received the highest $HMSTR token inflow. At the time of writing, it holds 18.08% supply…