Author: NBTC
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.…
Officials from India’s Financial Intelligence Unit and other agencies are probing WazirX over a $235 million crypto hack, as the exchange investigates potential insider involvement. Indian cryptocurrency exchange WazirX is collaborating with government agencies, including the Financial Intelligence Unit, to address the aftermath of a cyberattack that resulted in the theft of $235 million from its wallet in July, Moneycontrol has learned, citing sources close to the matter. The exchange has reportedly provided authorities with detailed server logs, transaction trails, and blockchain addresses related to the hack. While no physical assets have been seized, WazirX continues to engage in multiple…
According to data provided by Whale Alert, one of the most widely used crypto wallet tracking services, a Bitcoin address containing 50 BTC ($3.1 million at current prices) emerged from hibernation earlier today for the first time in more than 14 years. These coins date back all the way to the era of Bitcoin creator Satoshi Nakamoto (who was still active in the Bitcoin development community until late 2010). Nakamoto left their last message on the iconic Bitcointalk forum Dec. 13, 2010. The Bitcoin creator has a total of 534 messages on the Bitcointalk forum. July 2010 was his most…
VeChain faces growing criticism from its community, particularly around concerns over the limited utility of its native token, VET. The governance structure of VeChain is also under scrutiny, with concerns about potential centralization due to the influence of Authority Nodes and the use of funds for the VeBetterDAO initiative. VeChain, a leading enterprise-focused blockchain, is facing increased scrutiny from its community over concerns about its ecosystem and the utility of its native token, VET. Andrea Mortarotti, co-founder of Progetto Bridge, voiced concerns on X about the blockchain firm’s recent decisions and weak tokenomics. VeChain Faces Community Backlash One of the…
XAI Games, a decentralized forum built on top of Arbitrum to provide an Ethereum L2 scaling solution, has announced a new partnership. As per XAI Games, the platform has collaborated with Novadash and Spiral DAO to offer Liquid Locker as a game-changing feature to let users get rewards while maintaining liquidity within the staking ecosystem. The platform took to its official social media account on X to provide details about this endeavor. Liquid Locker 🤝 Xai GamesHomegrown community initiatives will always be supported by Xai, we’re extremely fortunate to have so many S-tier individuals that support our vision with their…
21.co, the parent company of 21Shares, has announced a strategic partnership with Crypto.com. The collaboration will enhance liquidity and custody solutions for 21.co’s wrapped tokens, starting with its wrapped Bitcoin (BTC). Wrapped tokens like 21BTC allow users to use Bitcoin on other blockchains, such as Ethereum (ETH), by “wrapping” the original asset in a smart contract. This allows users to benefit from Bitcoin’s value while also interacting with decentralized finance applications. DeFi is a system of financial services built on blockchain technology, offering alternatives to traditional financial services without intermediaries like banks. You might also like: Pi Network token IoU…