Author: NBTC
Shiba Inu, one of the biggest meme coins, has ended up among the worst-performing tokens over the past 24 hours after losing more than 3%, according to CoinGecko data. It is in the red together with some other tokens of the likes of Celestia (TIA), VeChain (VET), Quant (QNT) and Monero (XMR). However, Shiba Inu holders should not fret about this unfortunate price drop. The recent price decline is most likely a healthy correction. Some of the holders of the second-largest meme coin decided to take profit following a substantial rally experienced by the second-largest cryptocurrency. On the seven-day time…
As the Federal Reserve prepares for potential shifts in monetary policy, the cryptocurrency market is closely watching its influence, particularly on Bitcoin. Market sentiment, which has been subdued for much of the past six months, could experience renewed interest depending on the Federal Reserve’s actions. Bitcoin’s price trends are expected to respond significantly to these developments, with some analysts predicting major moves in Q4 2023 and into 2025. Current Market Sentiment Per a recent interview by Altcoin Daily, Dennis Liu, a renowned analyst and Youtuber said he believes that the current low point is an opportunity to reignite excitement around…
World Liberty Financial, a crypto project backed by the Trump family, has whitelisted over 100,000 accredited U.S. investors ahead of the WLFI token presale, which begins Tuesday. During a live stream on X, the team behind WLFI provided updates, including the fact that the project has whitelisted over 100,000 investors. The WLFI token will serve as the protocol’s governance token, allowing users to participate in key decisions regarding the platform. World Liberty Financial aims to offer a unified platform where users can lend, borrow, and transact with stablecoins. The platform aims to raise $300 million, valuing the venture at $1.5…
Ethereum price today: $2,600 Ethereum price broadly consolidates after breaking above its 50-day EMA at $2,535, suggesting a possible rally ahead. US spot Ethereum ETFs records an inflow of $17 million on Monday. Ethereum’s open interest surged more than 16%, indicating new buying activity. Ethereum (ETH) stabilizes around $2,600 on Tuesday after a 6.5% rally on Monday that led prices to break through key resistance levels. Some signs of a mild recovery emerged via inflows into Spot Exchange Traded Funds (ETFs) and a surge in open interest, indicating new buying activity and hinting at a continuation of the rally. Ethereum…
Twelve cryptocurrencies will unlock nearly $300 million in previously non-circulating supply this week, raising concerns as sales could intensify. Among these unlocks, three projects alone will release over $220 million, to which traders and investors should give special attention. The cryptocurrency investing game has changed in the past few years, highly weighted toward venture capitalists (VCs) and vesting contracts. With that, scheduled token unlocks gained increased importance in this market’s dynamics as they can directly pressure prices downwards. In the next seven days, twelve cryptocurrencies will unlock $291.59 million, of which 75% will come from three projects. Finbold retrieved this…
Earlier, many experts predicted that the fourth quarter of 2024 would be a highly favorable period for the cryptocurrency sector, especially for the top two cryptos, Bitcoin and Ethereum. A recent post on X by an expert, identified as Ether Nasyonal, gives more clarity to the Q4 crypto bullish prediction. Let’s hear what he has to say! Bitcoin’s Historical Bull Cycles In his X post, Nasyonal clearly explains when exactly can the Bitcoin market expect a mega bull run. As per his analysis, nearly 670 days post the major bottom of a market cycle we can expect a mega bull…
Renzo (REZ) introduces an innovative liquid restaking protocol that aims to streamline the staking process for users. By partnering with EigenLayer node operators and Approved Validators (AVS), Renzo provides a user-friendly platform, allowing participants to stake without facing intricate technical challenges. The recent launch of ezETH enhances liquidity, enabling users to engage in staking while retaining access to their assets. Contents hide 1 What Benefits Does Renzo Offer? 2 How Does ezETH Enhance Staking? What Benefits Does Renzo Offer? Renzo’s primary objective is to make staking more approachable for everyone. By simplifying the complexities that typically accompany staking, it invites…
Ethereum enters the $2.6K range, over the past 24 hours. The Monochrome Ethereum ETF (IETH) began trading on the Cboe Australia exchange. The largest altcoin, Ethereum (ETH), has briefly recovered from the significant downside pressure. The asset’s price remains caught between crucial resistance levels; it recently surged to the $2.6K range. Notably, over the past 24 hours, ETH witnessed a moderate spike of 3.13%. At the press time, ETH traded at $2,617 with a market cap of $314 billion. Over the day, ETH recorded the lowest price at $2,529 and the highest at $2,652, as per CMC data. The market…
According to data provided by XRPL validator Vet, a whopping 99% of the entire supply of the RLUSD stablecoin has been generated in a single day. A total of 800,000 RLUSD tokens have been minted over the last 24 hours. The data from the X social media account that tracks RLUSD transfers shows that the latest mint of roughly 100,000 took place about eight months ago. The uptick in the minting process likely indicates that the project is closer to launch. Ripple’s stablecoin was originally announced back in April. The company started beta testing the new product in August. The…
The dYdX Foundation has announced the official launch of the Trump Prediction Market Perpetuals on its decentralized platform. This new market offers traders an innovative opportunity to apply advanced order types and leverage on the chances of Donald Trump winning the 2024 U.S. Presidential Election. The feature has quickly attracted attention due to its blend of politics, financial speculation, and cutting-edge decentralized finance (DeFi) technology. The Trump Prediction Market Perpetuals were introduced following a governance proposal by the dYdX community, which was approved on October 9th. This market enables users to take trading positions on the outcome of the 2024…