Author: NBTC
A rush of user activity on the Solana blockchain network is bringing with it some considerable challenges. Among them is chain congestion so great that it has prompted stakeholders within the blockchain ecosystem to consider major changes to the network’s operations. At the same time, a significant increase in DeFi activity has given way to malicious actors who seek to exploit the network’s low fees at the expense of other users. In an effort to address the latter concern, Jito Labs, the Solana infrastructure developer, announced Friday evening that it was shutting down its mempool—one of the company’s key offerings—after…
Analyst Capo of Crypto, who was previously known for his extremely bearish statements, but whose views have softened with the recent rise of Bitcoin, evaluated BTC in his statement. The analyst claimed that if the BTC price cannot exceed the $ 69,000 limit, there may be a drop below $ 60,000, the liquidity in that region can be taken, and then the rise may continue. il Capo described the recent recovery in BTC price as a “dead cat bounce” and claimed that it was driven by futures rather than the spot market. According to the analyst, a clear breakout above…
Toncoin’s price surged by 23.46% in the last 24 hours, reaching $3.58. Projects within The Open League witnessed substantial user growth and a 60% increase in TVL. Technical analysis indicates bullish momentum for Toncoin, though caution is advised due to an overbought RSI. Toncoin (TON) has recently experienced a remarkable surge in its value, marking a significant upward trend in the cryptocurrency market. It is currently trading at $3.58, witnessing a notable increase of 23.46% within the past day. The growth of Toncoin is further underscored by the flourishing projects within the TON blockchain ecosystem, particularly those within The Open…
The Bitcoin (BTC) price is on the ropes once again, struggling to gain enough bullish momentum. Earlier this Thursday, the largest cryptocurrency slipped below the $65,000 level on major spot exchanges, according to data provided by CoinGecko. Over the past four hours alone, more than $37 million worth of long positions have been liquidated, CoinGlass sta shows. However, short positions are still in the lead by liquidations over the past 24 hours, nearing $120 million. A short-lived bounce On Wednesday, Bitcoin bulls gathered enough strength to convincingly push the price of the largest cryptocurrency above the $67,000 level following dovish…
Coreum has now launched its XRP Ledger (XRPL) bridge, allowing network participants to move XRP from the XRPL to Coreum, the Cosmos ecosystem, and other supported EVM-compatible chains. Reza Bashash, the co-founder of Coreum and Sologenic, first spotlighted this functionality in a recent post on X. Bashash shared a snapshot of the XRP dashboard on the official Coreum explorer, showing that the Coreum network is now home to 1.2 XRP tokens. 👀 pic.twitter.com/VPCBDAko5w — Reza Bashash (@rezabashash) March 12, 2024 Coreum has been hinting at the imminent release of its comprehensive XRPL bridge since last year amid the success of…
Famous cryptocurrency analyst Rekt Capital recently presented a comprehensive analysis predicting the peak of the current Bitcoin bull market. According to the analyst, Bitcoin historically reaches its bull market peak 266 to 315 days after surpassing the previous all-time high. With Bitcoin hitting an all-time high just last week, the analyst predicts that the next bull market peak will occur in late November 2024 or late January 2025. However, according to Rekt Capital, this cycle may accelerate. Interestingly, the number of days Bitcoin spends beyond all-time highs appears to be increasing. In 2013, Bitcoin rallied for 268 days before reaching…
XRP’s recent price gain has sparked renewed optimism about the asset, with industry commentators like Martin Hiesboeck of Uphold Exchange seeing an ETF impacting XRP’s price even more. XRP Shocking Price Gains On Monday, XRP experienced a significant surge, breaking through multiple resistance levels as it rallied 20.5% from $0.6177 to reach a new yearly peak above $0.7440. This notable gain emerged amid growing apprehension from the XRP Army about XRP’s sub-par performance in the emerging bull season. As a result, the recent turnaround has attracted significant attention from the crypto community. Leading crypto figures who have commented on XRP’s…
Argentina’s top financial regulator says that it wants to “work together” with the nation’s crypto industry as it steps up its control over the sector. In an official government release, the National Securities Commission of Argentina (CNV) called its new registry of crypto exchanges and service providers “simple.” It also claimed the registry does away with “formalities and absurdities.” Argentina Regulator: Trying to Placate Crypto Sector? Argentina’s rate of crypto adoption has accelerated in recent years in response to rampant inflation. Previous governments have attempted to cap foreign currency buying. This has driven many people in the nation to stablecoins…
Binance, one of the leading cryptocurrency exchanges, is preparing to introduce Saga (SAGA) on the Launchpool platform and offers users the opportunity to participate in token farming by staking BNB and FDUSD. Binance Launches Saga (SAGA) on Launchpool The launch of Saga (SAGA) will be the 51st project to be hosted on Binance Launchpool and demonstrates the platform’s commitment to driving innovation in the cryptocurrency ecosystem. Users can expect Saga (SAGA) trading to begin at 17:00 on April 9, 2024, with Binance being the first platform to list the token. Excited about the addition of Saga (SAGA), Binance announced that…
After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend. At the top of the list, the analyst notes how the Spent Output Profit Ratio (SOPR) reading is printed out. Related Reading: Leading The Pack: Solana…