Author: NBTC
On-chain analytics firm Spot On Chain’s team of analysts, using Google Cloud’s Vertex artificial intelligence (AI), has conducted an in-depth analysis to forecast the future price of Bitcoin (BTC). Their latest report provides valuable insights into the leading cryptocurrency’s short-, medium-, and long-term outlook. Bitcoin Price Forecasts According to Spot On Chain’s report, Bitcoin prices are expected to fluctuate between $56,000 and $70,000 during May, June, and July 2024. This projected range indicates the potential for market volatility, with a 48% probability assigned to the scenario where BTC prices may dip below $60,000. Moreover, the report advises a cautious approach,…
Renowned blockchain entrepreneur and investor summarizes his thoughts on capital formation incentives in crypto, natural rivalry between VCs and retail investors, evergreen indicators for seed round participants and tough times for early-stage fundraising. Teams are constrained by dominant meta, Kain Warwick admits In 2024, even the most successful Web 3.0 teams looking for fresh funds are constrained by the current meta if they want to raise big rounds, Warwick shared in his latest thread on X with 123,000 followers. It’s been a while since I’ve put my theadoooooor hat on, so let’s have a little chat about capital formation incentives…
Mantle (MNT) reaches a new all-time high as investors show an accumulation pattern amid bullish market conditions. Mantle’s price has registered a slight decline after reaching a new all-time high of $1.29 at around 05:30 UTC on March 27. MNT is still up by 28% in the past 24 hours and is trading at $1.18 at the time of writing. The asset’s market cap grew to $3.8 billion, making it the 33rd-largest digital currency. MNT price, RSI, profit to loss ratio, active deposits and active withdrawals – March 27 | Source: Santiment Moreover, Mantle’s daily trading volume increased by 65%,…
Orbitpad plans to launch a migration process from v1 to v2 to resolve a number of systemic issues connected with the staking contract to create a significantly better UX for users overall. Then, once the migration is launched, staking, unstaking, and claiming rewards in v2 dApp will be de facto hands-free for all users. This is because all data is programmed to be moved to the latest smart contract automatically. Orbitpad will be implementing a migration process from v1 to v2 to address all issues related to the staking contract Following this migration, you’ll be able to seamlessly engage in…
Quick Take MicroStrategy (MSTR) has recently experienced a pullback in its stock price, currently trading around $1,260 per share, down 35% from its recent high of nearly $2,000. This decline is in line with Bitcoin’s (BTC) 8% pullback over the same period. Despite the recent downturn, MicroStrategy’s stock has outperformed Bitcoin year-to-date — with MSTR up 84% compared to BTC’s 44% gain. Data from the MSTR-tracker shows the “MSTR/BTC Ratio” chart, which illustrates the comparative value between MicroStrategy’s stock price and Bitcoin’s price, which peaked at around 0.028, similar to its 2021 high but has since dropped to 0.02. Additionally,…
Cryptocurrency startups are increasingly adopting an aggressive form of fundraising known as open-ended or rolling funding rounds. This approach allows startups to continuously raise capital and rapidly boost their valuations, in contrast to the traditional venture capital model of discrete funding rounds spaced over several years. According to a report from Bloomberg, the rise of open-ended funding rounds in the crypto industry reflects both the sector’s recovery from the 2022 bear market and venture funds’ desire to deploy previously static cash. With this fundraising model, earlier investors benefit from the rapid increase in a startup’s valuation driven by commitments from…
Crypto news: the OPEN Ticketing Ecosystem is coming, an innovative platform that aims to revolutionize the ticketing industry in an “unchain” way, with the support of Solana, Tezos, and Circle. OPEN is a dynamic ecosystem of builders, projects, and funders committed to challenging the status quo of centralized ticketing to give back control to event organizers, artists, and their fans. OPEN represents the official rebrand of the established GET Protocol, launched in 2016 and which has issued over 5 million tickets for events of various kinds worldwide. Let’s see all the details below. OPEN: the new frontier of crypto ticketing…
A notable leading brand in the Layer 2 blockchain industry, Coin98 has made a significant step by integrating Blast, an Ethereum optimistic rollup innovation, in its newest products. Through the Coin98 Super Wallet and Coin98 Extension, customers can access the native yield possibilities in the Layer 2 ecosystem in a smooth and simple way. Coin98 Super Wallet now integrates @Blast_L2 – The only Ethereum L2 with native yield for ETH and stablecoins.Update #Coin98 Super Wallet and Embrace Blast for Multi-chances today! 👉 https://t.co/ZqQsRDmCC8Read more about this integration 👉 https://t.co/BZcm1DORzv pic.twitter.com/ticwN4Cfyo — Coin98 Super Wallet (@coin98_wallet) May 4, 2024 Coin98 Super…
Analysts emphasize understanding post-halving impacts for crypto investors. Doctor Profit warns against overlooking minor price fluctuations in crypto. FTM’s 205x surge post-halving highlights potential for altcoins. As the cryptocurrency market braces for Bitcoin’s upcoming halving event, analysts are urging participants to grasp the potential outcomes post-halving. Among them is Doctor Profit, a respected figure in bitcoin and crypto price analysis renowned for his precise forecasts. There a many newbie investors in this space, many people with not much knowledge about each crypto cycle. They think price fluctuations of 10-20% are big movesBIG NO! This market is preparing itself for the…
Cryptocurrency companies closed the week with nearly $62 million in venture capital (VC) raised from various firms, including BlackRock. Securitize receives $47 million Securitize, a leading player in digital asset securities, walked away with the bulk of the funds raised over the past few days. The company closed a significant funding round on May 1, raising $47 million. BlackRock, the world’s largest asset manager, led the effort. Securitize is excited to announce that we have completed a $47 million funding round led by @BlackRock together with @hamilton_lane, @paraficapital, @Tradeweb, and strategic investors @AptosLabs, @circle and @Paxos.This further proves that the…