Author: NBTC
In a series of recent market analyses, cryptocurrency specialists have spotlighted Bitcoin’s burgeoning on-chain metrics and its potential readiness for another massive bull run. Notable voices in the crypto analysis world, including on-chain analyst Axel and CryptoQuant CEO Ki Young Ju, have contributed to a growing sentiment that Bitcoin may be on the cusp of its next major price surge. Axel, renowned for his insightful interpretations of Bitcoin’s on-chain data, highlighted the significance of the UTXO Profit/Loss (P/L) Supply Ratio Momentum, a sophisticated metric assessing short-term versus long-term profitability based on Bitcoin transactions. According to Axel, this metric is calculated…
Many narratives have gained the attention of market participants this cycle. But not all of them have stayed relevant for a long period. However, there are three that have remained on the lips of investors and traders alike which are meme coins, AI, and Real World Assets (RWAs). But these sectors did not just pop out as there are reasons investors are bullish on them. In this piece, Coin Edition explains why all three may outperform other sectors and why participants have stuck their guts with them. Memecoins For memecoins, the strength of the community is one reason investors have…
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian startup specializing in blockchain-based payments and remittances, has formed a partnership with Tether. This collaboration allows the stablecoin issuer to mint and issue USDT directly to Ivorypay. The partnership is anticipated to enable more affordable transactions, thereby fostering increased confidence among Ivorypay users. A media…
Bitcoin, the pioneer cryptocurrency, continues to gain attention with its relentless surge in value, captivating investors worldwide. In a recent turn of events, the cryptocurrency market witnessed an extraordinary feat as a massive Bitcoin whale, who owned a staggering 8,500 BTC, hit millions of dollars in jackpot as Bitcoin’s price rose. Lookonchain, an on-chain analytics platform, reports on a whale who struck a massive $217 million jackpot on Bitcoin as prices surged. The #Bitcoin price just topped $73,000!Sharing a smart whale who made ~$217M on $BTC, and currently holds 4.3K $BTC($313M)!He deposited 100 $BTC ($7.22M) into #Binance 3 hours ago…
Grayscale Investments, the most prominent crypto asset manager, has adjusted its Digital Large Cap (DLC) Fund by divesting from Cardano (ADA) and reallocating the proceeds towards acquiring XRP and other existing assets. Grayscale officially communicated this move through a press release detailing the fund’s quarterly rebalancing. The rebalancing concerned several of the firm’s investment products, specifically its Digital Large Cap Fund, Smart Contract Platform Ex-Ethereum Fund, and DeFi Fund. Grayscale’s New XRP Holding According to the report, Grayscale modified its DLC’s portfolio by liquidating its Cardano holdings. Consequently, the firm diverted the cash returns from the sale to acquire other…
With the continuation of exceptionally bullish sentiment in the cryptocurrency market, which has pushed Bitcoin (BTC) to surpass its previous all-time high (ATH), many crypto traders are wondering about the price of the flagship decentralized finance (DeFi) asset by the end of 2024. In this context, Finbold has employed the capabilities of different advanced artificial intelligence (AI) and machine learning platforms with the aim of finding the answer to one important question – what will be the price of Bitcoin in 2024 and at its conclusion? AI Bitcoin price prediction So, what does AI say about Bitcoin? According to some…
Cardano (ADA) is in the spotlight in the market as its medium- to long-term growth outlook is painting gloomy potential. Top market analyst Ali Martinez spotted this bearish outlook and noted a lull in Cardano whale activity. Cardano and impending price consolidation According to Martinez’s post on the X platform, the dullness in whale activity is signaling an impending price drop for Cardano and, at best, a potentially long-drawn consolidation. Per the charts shared, the Cardano whale transaction count is at its lowest level since at least Feb. 8. Despite a recent milestone in key ADA on-chain transactions, which come…
Today, for the first time in its history, the price of Bitcoin (BTC) has exceeded $73,000, setting a new ATH. ATH is an English term that stands for All Time High, literally meaning “higher than ever before”. The Bitcoin cycle: new ATH for the price of BTC The Bitcoin supercycle: will new ATHs for the price of BTC arrive? The gold supercycle The comparison between the two assets The Bitcoin cycle: new ATH for the price of BTC To compare this price with the historical data of previous years, we need to refer to the ATH of the previous cycle,…
Bitcoin’s once-every-four-years “halving,” which took place late last week, was supposed to bring a steep cut in revenue for crypto miners, since their rewards for new data blocks would drop by 50%. Instead, the simultaneous launch of Casey Rodarmor’s new Runes protocol – for minting digital tokens on top of the oldest and largest blockchain – has proven so popular that it’s caused massive network congestion, sending transaction fees to record levels and showering Bitcoin miners with a windfall like never before. Bitcoin transaction fees averaged a record $127.97 on April 20, when the halving took place and Runes launched,…
OG Labs, the earliest modular AI chain for dApps, has recently started an exclusive partnership. The company revealed that it has collaborated with Pond (an artificial intelligence-driven neural network) to provide exclusive features to the community members. In this respect, the platform discussed the Graphic Neural Network ecosystem of Pond. 0G is pleased to announce our partnership with @PondDiscoveriesPond’s Graphic Neural Network (GNN) ecosystem requires a hyper-scalable data storage and data availability solution, fully interoperable with external AI models.Here’s what this means for crypto x AI 💻 pic.twitter.com/QvJvNRA2ql — 0G Labs (@0G_labs) April 19, 2024 OG Labs and AI-Driven Pond…