Author: NBTC
Bitcoin (BTC) has made recent unsuccessful attempts to breach the $70,000 mark, leaving the market speculating about the next price trajectory, especially with the upcoming halving event less than a month away. While there is optimism that the halving will trigger another bullish rally, there remains a segment of the market that is not entirely convinced. In particular, crypto trading expert, Alan Santana, in a TradingView post on March 20 outlined potential correction targets for Bitcoin, shedding light on what could be in store for the maiden crypto. The analyst noted that the recent correction that saw Bitcoin touch the…
Decentralized exchange PancakeSwap has announced PancakeSwap V4 and a CAKE airdrop campaign to celebrate it. According to the press release, PancakeSwap is conducting a $3 million CAKE airdrop to incentivize both current users and newcomers to explore the benefits of the upgraded platform. Notably, the airdrop is available on a first-come, first-served basis. Reducing Fees The team noted that PancakeSwap V4 has brought “a plethora” of technical advancements and features. They aim to enhance efficiency, reduce costs, and streamline the trading experience. The features include the implementation of a new contract architecture for pools. In previous versions, each pool was…
Layer-1 blockchain NEAR’s native token (NEAR) has nearly doubled since March 5, ahead of Nvidia’s annual conference (NVDA) that continues to drive growth in AI-related tokens. Near’s success is reflected in the crypto AI market, with companies such as Fetch.Ai (FET), The Graph (GRT) and SingularityNET (AGIX) recording gains of over 30% over the past week, according to CoinMarketCap. The CoinDesk 20 Index (CD20) rose 9.18% over the same period. The rise was also boosted by Bitcoin’s all-time high of $72,446 on Monday. Adding to the bullish sentiment, cryptocurrency venture capital firm DeFiance Capital’s CEO Arthur CHEONG wrote in a…
In cryptocurrency, especially Bitcoin, wallet activity often indicates market sentiment and price movements. Bitcoin wallet activity has dropped in the last 10 days. This has traders and analysts talking and speculating. This trend may worry new investors, but historical data suggests a deeper meaning. The number of Bitcoin non-zero coin wallets has dropped by -311,000, according to Santiment data. This drop means fewer people are trading Bitcoin, which can be scary for beginners. History shows that wallet activity drops during market FUD (fear, uncertainty, and doubt). 👋🐟 Over the past 10 days, a net difference of -311K total non-0 coin…
According to a tweet published by the @spotonchain analytics platform, anonymous whales have transferred more than 10 million U.S. dollars worth of Shiba Inu and $4.3 million worth of PEPE to three major centralized exchanges after the prices of both meme cryptocurrencies bounced back today. Both of these whales will get a massive profit if they indeed sell their meme coins, the tweet says. The aforementioned source ponders that the meme coin season could possibly be approaching its end now, after both SHIB and PEPE have demonstrated large rebounds. Two big whales deposited $10.6M worth of $SHIB and $PEPE to…
As the cryptocurrency market edges closer to the anticipated Bitcoin halving on April 25, 2024, supply and demand dynamics set the stage for a parabolic bull run. Unlike previous cycles, this year signals a departure, fueled by growing institutional adoption and expanding use cases, painting a bullish picture for Bitcoin. Why the Halving Positions Bitcoin in a Parabolic Bull Run The approval and success of spot Bitcoin exchange-traded funds (ETFs) have marked a historic milestone in the crypto’s journey. Since their inception, Bitcoin has witnessed a substantial 60% price growth, with trading volumes reaching unprecedented highs. The influx of institutional…
In a remarkable surge, the trading volume of the well-known cryptocurrency XRP has soared by an astounding 298% within the last 24 hours, as revealed by data from CoinGlass. This surge in trading activity has brought the turnover of derivatives related to XRP on the crypto market to an impressive $8.75 billion, accompanied by a noteworthy 25.71% increase in open interest, now standing at $1 billion. Remarkably, this surge in trading volume is not confined solely to futures and derivatives; in the spot segment of the crypto market, XRP has recorded a trading volume of $7.66 billion. This achievement propels…
* Broker raised its year-end bitcoin target to $90K from $80K.* Bernstein now expects a 7% reduction in hashrate post halving from shutdowns.* Says bitcoin miners compelling buys for equity investors looking for exposure to crypto. Bernstein raised its year-end bitcoin (BTC) price forecast to $90K from $80K and updated estimates for mining stocks in its coverage, the broker said in a research report on Thursday. “With a new bitcoin bull cycle, strong ETF inflows, aggressive miner capacity expansion, and all-time high miner dollar revenues, we continue to find bitcoin miners compelling buys for equity investors seeking exposure to the…
Following similar moves by other DeFi protocols, Aave (AAVE) could be next to explore the distribution of DAO profits to token holders. In a recent post on X, Marc Zeller, founder of the Aave Chan Initiative, said that Aave may hold a vote on activating a ‘fee switch’ to benefit AAVE token holders next week. “Temp check to activate ‘fee switch’ next week,” said Zeller after highlighting the platform’s financial health. According to Zeller, Ave’s Treasury currently holds $50 million worth of cash equivalents for 2.5 years of operational costs, with net DAO profits at approximately $60 million per year.…
Solana (SOL) jumped almost 13% in the last seven days, and Tristan Frizza, CEO and Founder of Zeta Markets, believes that SOL’s rally “has just begun.” The approval of spot Bitcoin exchange-traded funds in the US, the halving, and Ethereum’s Dencun upgrade are boosting increased institutional interest, renewed optimism, and broader adoption, heralding the dawn of a new cycle, and that’s when SOL might shine. “With Bitcoin reaching new all-time highs several times, similar movements for Ethereum and Solana are anticipated, driven by capital rotations in the markets. Currently priced at under $150, Solana remains significantly below its last ATH…