Author: NBTC
According to a new report from Token Unlocks, a platform that provides data on the unlocking events of blockchain projects, RWA and liquid restaking protocols have seen significant gains, outperforming DeFi and DEXs in the current crypto market cycle. 📊 Token Unlock Trends: Why Some Sectors Rise and Others SinkIn the world of crypto, not all tokens perform equally, especially when it comes to their unlocked value and price performance.Our analysis uncovers key trends across various categories👇:– DeFi and DEX sectors… pic.twitter.com/9wkeMpKB5t — Token Unlocks (@Token_Unlocks) October 2, 2024 Real-world asset (RWA) tokens have led the crypto sector with a…
Bitcoin is a mess right now, and Wall Street is a big reason why. Once hailed as a revolutionary product that would change finance as we know it, Bitcoin is now acting like just another stock. Right now, its price is $63,057, down 1.05% in twenty-four hours. The entire crypto market is not doing any better, with a total market cap correction of -0.75% dragging it down to $2.2 trillion. Bitcoin’s intraday trading volume has also dropped by 41.88%. So what’s going on? Why is something that’s supposed to be a hedge against traditional markets suddenly behaving like just another…
Bitcoin is currently in a short-term bullish trend, but it is approaching a critical area of resistance as it becomes overbought on shorter timeframes. According to analyst Josh of Crypto World, the Super Trend indicator remains red. Bitcoin’s price is still following a larger bearish trend, and despite some bullish action in the short term, a true bullish reversal has not been confirmed yet. Signs of a Reversal: The analyst said that Bitcoin has shown some early signs of a reversal, like forming higher lows on the candle wicks, but more is needed to instill confidence in a long-term bullish…
What has turned out to be critical in ASIC miner construction is the liquid cooling technology. AI integration is only now becoming used to make mining operations more efficient in real time. Flexibility in algorithm support is turning into a desirable characteristic in ASICs and will not fade away soon. As 2024 started to progress, the extraction of digital currency is getting tougher and only five ASIC mining equipment companies could prevail. Such machines are the state of the art in the mining industry and bring the greatest efficiency and computational power. This article seeks to reinforce this perspective while…
Macro guru Raoul Pal believes that the stage is being set for Bitcoin (BTC) to explode to his massive price target. In a video posted on Real Vision’s YouTube channel, the former Goldman Sachs executive says Bitcoin tends to rise and fall along with global liquidity cycles. He shares a chart suggesting that global liquidity will surge over the next three months with BTC following suit. “It’s an [absolutely] beautiful chart. It’s the GMI (Global Macro Investor) global weekly liquidity [index], so that’s both private-sector liquidity and public-sector liquidity from the large global economies. I mean it’s just perfect. It…
Cryptocurrency analytics firm CryptoCon has confidently predicted an upcoming bull market for Bitcoin, dismissing concerns of a recession or prolonged bear market. In a recent statement, the firm highlighted its Puell Multiple analysis, a key indicator that suggests Bitcoin is currently in a mid-cycle correction phase and is preparing for a significant price increase. CryptoCon noted that this pattern has been observed in previous Bitcoin cycles, most notably in September 2012, 2016, and 2020, just before the start of major bull runs. The firm argued that despite the recent market volatility, Bitcoin is on track for another bullish period. The…
Investors holding just 10,000 XRP could experience substantial returns on their investments depending on XRP’s top price for the ongoing bull market. The crypto market is currently witnessing a pause on the current bull run following rapid price surges from Q4 2023 to Q1 2024. Bitcoin (BTC), the largest crypto asset, clinched a new all-time high alongside a few altcoins. However, XRP failed to even breach the $1 level, facing resistance at $0.7440 in March. XRP Accumulation Steadies Despite the underwhelming performance, multiple market commentators believe XRP would not miss out on this bull phase despite concerns raised by veterans…
Cryptocurrency analytics firm Alphractal has issued a cautionary assessment of Bitcoin’s status, suggesting that the world’s largest cryptocurrency may be entering a bear market phase. In a recent statement, Alphractal noted that Bitcoin’s proprietary metric, the Spent Output Profit Ratio (SOPR) Trend Signal, has been important in determining market trends throughout its history. Alphractal’s analysis combines SOPR with exponential and simple moving averages (EMA and MA) to filter out noise and provide clear entry and exit signals. This combination has been crucial in determining market cycles since 2015, according to the analytics firm. Specifically, bull markets have been observed to…
Aptos Labs, the firm behind the Layer 1 blockchain Aptos Network, has announced the acquisition of HashPalette Inc., a subsidiary of HashPort Inc. and the developer of the Palette blockchain, in a strategic move into the Japanese blockchain market. In an October 3 announcement on Medium, Aptos Labs said that under the agreement, HashPalette, which has established ties with several Japanese firms, will migrate its Palette Chain, as well as its applications, to the Aptos Network by early 2025. It is expected that holders of the Palette Chain governance token, PLT, will have the opportunity to exchange it for APT,…
Play-to-earn models are gaining traction, with Axie Infinity leading the charge. Investors are paying more attention to track-focused platforms including Decentralland. With gaming crypto, scalability solutions for NFTs like Immutable X are growing in relevance. The combination of gaming and blockchain is still continuously growing and may create high-return business opportunities. Some of the cryptocurrency tokens linked to gaming have become market leaders because of the changes that have come into the market, and the brilliant future that is being predicted. The following is a review of five definitions of gaming crypto tokens that analysts expect to surge in 2024.…