Author: NBTC
Since the start of 2024, only 42 coins have managed to outperform Bitcoin (BTC) among the top 300 coins on CoinMarketCap. In a year where Bitcoin has maintained its dominance, a surprising number of tokens that have outperformed BTC belong to the Memecoin category, with 11 of the top 15 coins falling into this group. The data reveals that among the top performers, one memecoin, POPCAT (POPCAT), led the way with an impressive 7,552% gain. Other memecoins like MOG, NPC, and MAGA also saw significant year-to-date growth, with gains of 2,206%, 1,163%, and 1,129%, respectively. Also in the top 15…
Bitcoin price is testing the key support level at $56,000; a close below could see BTC’s downtrend persist. US spot Bitcoin ETFs registered outflows this week, totaling $536.1 million. Lookonchain data show that institutions and whales are selling their BTC holdings. On-chain data shows a bearish picture, with falling daily active addresses, long-to-short ratio below one, and decreasing Coinbase premium index. Bitcoin (BTC) price tests the key support level at $56,000 on Friday, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC, as suggested by substantial outflows from US…
In just the past week, more than $750 million worth of Ethereum has been withdrawn from major crypto exchanges. This trend often suggests that investors are opting for long-term holding rather than preparing to sell. According to CoinMarketCap data, the altcoin’s daily trading volume has also surged over 80%. Ethereum’s Exchange Reserves Keep Declining Data from CryptoQuant highlights a steep decline in Ethereum’s exchange reserves, which have dropped from over $42 billion to about $38.9 billion recently. This movement reflects more than $4 billion in ETH being pulled off exchanges. Read More: Ethereum (ETH) Price Prediction 2024/2025/2030 This reduced reserve…
The native token of a privacy-focused zero-knowledge layer-1 blockchain is on the rise after being listed on the top US crypto exchange by trading volume. Less than 24 hours ago, Coinbase listed Aleo (ALEO) under the experimental label. “Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The experimental label indicates a high-volatility asset that is new to the platform. These assets typically have a low trading volume compared to more established cryptocurrencies. According to its website, Aleo’s protocol prioritizes privacy and scalability by leveraging zero-knowledge proofs to help ensure user privacy. Zero-knowledge proofs…
In a bold move to back Venezuela’s opposition, the Human Rights Foundation (HRF) has launched a Bitcoin fundraising campaign to support democratic efforts against the current regime. Announced on September 5, the campaign invites donations to help opposition leader María Corina Machado and other activists navigate the country’s political turmoil, highlighting the potential of cryptocurrencies in promoting human rights and resistance against authoritarian control. A Strategic move in times of crisis The Human Rights Foundation, a globally recognized non-profit advocating for human rights, has long been active in the cryptocurrency space. Known for offering scholarships and financial aid to foster…
Ethereum price started a fresh increase above the $2,550 resistance. ETH is following Bitcoin’s rally, but it is lacking the same strength. Ethereum started a decent increase above the $2,600 zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,630 and $2,650 resistance levels. Ethereum Price Starts Steady Increase Ethereum price formed a base above the $2,450 level and started a fresh increase like…
There exist lists of Airdrops such as Airdropbob and ICO Drops, which contain only the most genuine Airdrops as compared to the general list of Airdrops. Protocols based on Layer-2 like Starknet and zkSync are turning into centers of various inventive airdrop promotions. Such cross-chain platforms as LayerZero offer multiple and different ecosystem airdrop possibilities. In the era of cryptocurrency, the airdrop is one of the most common strategies for projects to distribute tokens and attract attention. With the constant evolution of the crypto market, people stay on the lookout for dependable sources to identify such potentially lucrative investments. The…
Bitmain denies involvement in a supply chain investigation, focusing solely on cryptocurrency mining hardware development. The Antminer S21+ Hydro delivers enhanced performance with a hashrate of 319 TH/s and advanced cooling for high temperatures. Bitmain, a key manufacturer of crypto mining hardware, recently addressed viral reports linking it to a supply chain inquiry. Bitmain reaffirmed in a solid statement that its main concentration is still the design and manufacturing of crypto mining rigs, especially the well-known Antminer series. Strongly refuting any participation in the claimed inquiry, the business labeled the media accusations as “false and baseless.” Moreover, Bitmain declared its…
The Bitcoin (BTC) price recently experienced a sharp jump higher following the most recent US jobs report that has abated recession fears. The cryptocurrency came close to reacliaming the $57,000. The US added a total of 142,00 jobs last month. This marks a major improvement compared to 89,000 jobs in July. The unemployment rate dropped to 4.2%. Jason Furman, professor of the practice of economic policy at Harvard University, described the recent jobs report as “reassuring.” He has noted that the pace of jobs growth remains “mostly unchanged” over the past year. “In sum, this is a nice economy to…
Ethereum price jumped to $2.6K, gaining over 5% over the past 24 hours. The analyst suggests a potential breakout for ETH. As November prepares to make its entrance, the crypto market breaks and recovers from the bearish pressure. The trading day opened with the market exhibiting a 4.68% surge in market cap, reaching $2.4 trillion over the last day. Notably, the largest cryptocurrency, Bitcoin, has broken above $71K. The largest altcoin, Ethereum (ETH), appeared to enter the bullish market, gaining over 5.53% over the past 24 hours. However, due to its bullish price action, ETH is poised for a remarkable…