Author: NBTC

Renowned crypto analyst Doctor Profit, known for his weekly reports that dissect the intricacies of the cryptocurrency market, has made a bold prediction regarding Bitcoin’s future trajectory. In his latest report, Doctor Profit emphasizes the unprecedented bullish momentum currently driving Bitcoin’s price action and lays out a compelling case for the cryptocurrency’s imminent surge to new all-time highs. As per Doctor Profit, BTC will pump so huge that traders will not see the current price level for many years. #Bitcoin – What’s Next?The big Sunday report, all you need to know:🚩 TA/LCA/Psychological Analysis: Two weeks ago, when Bitcoin was between…

An XRP liquidity tracking resource recently identified a smart wallet that it believes could help signal when XRP has reached its next all-time high price. The liquidity tracking resource, identified as XRP Liquidity on X, disclosed this in a recent post. The team behind the resource called attention to a smart money wallet associated with an address with the tag Musk. They revealed that the individual behind the wallet is fascinated with popular figures associated with astronomy. In addition, this fascination extends to individuals who have made notable contributions to the field of science and technology. Sometimes I like to…

Liquid restaking platform EigenLayer has become the fifth largest protocol in decentralized finance (DeFi) following $4.3 billion worth of fresh inflows over the past 10 days. The uptick in inflows comes after EigenLayer removed its staking cap on Feb. 5, a decision that was designed to “invite organic demand,” according to a recent blog post. The window for liquid restaking was closed on Feb. 10, since then the further $600 million rise in TVL can be attributed to increasing asset prices. Data from DefiLlama shows that there is now 469,870 wrapped ether {{WETH}} tokens worth $1.9 billion locked on the…

The “points” meta has overtaken the crypto space as of late, and NFT marketplaces across Ethereum, Solana, and Bitcoin are jumping on the bandwagon (and in some cases driving it) in an attempt to win the hearts, minds, and wallets of traders everywhere. Will points translate to token airdrops? Will the NFT market return to its former glory? And if so, which company is in the best position to win the NFT marketplace wars? Here’s how things are shaping up so far: Magic Eden is the latest NFT marketplace to try and lure in users through points-like loyalty models that…

Ethereum price analysis confirmed a positive correlation with Bitcoin price this week such as as the latter topped $52,000, ETH reclaimed the $2,800 level for the first time since May 2022. Apart from the positive outlook in BTC, investors are likely backing the uptrend and speculating on the upcoming Dencun upgrade and the spot Ether ETF. Ethereum Price Analysis: Can ETH ETF Hype Drive Prices Higher? The Ethereum community is waiting for the developers to announce the date for the Dencun upgrade mainnet launch following the third successful test net debut on February 7. With this upgrade developers hope to…

Ethena Labs raised $14 million including from PayPal Ventures, Franklin Templeton, joining earlier investors Dragonfly, Arthur Hayes’ Maelstrom and several derivatives exchanges. The company opened public access to its ether-based, yield-bearing synthetic dollar USDe after pulling in over $220 million in deposits from early investors. While yield-bearing stablecoins earned a bad reputation after Terra-Luna’s collapse, Ethena’s founder noted key design differences in a CoinDesk interview. Ethena Labs opened public access to its ether-based (ETH) synthetic dollar after raising $14 million from investors including PayPal Ventures, asset manager Franklin Templeton, the company said Friday. The investment round was led by previous…

A widely followed crypto strategist thinks that Bitcoin (BTC) is in a tough spot even as it trades above $50,000. Analyst Justin Bennett tells his 112,000 followers on the social media platform X that BTC has hit the diagonal resistance of an ascending channel. An ascending channel is typically viewed as a bullish pattern as it suggests that an asset is going through an uptrend and printing higher highs and higher lows. With Bitcoin hitting the pattern’s resistance level, Bennett thinks that it’s possible for BTC to correct to as low as $46,000. “BTC remains vulnerable while below this $52,000…

Dogecoin (DOGE) creator Billy Markus has firmly denied any involvement in newly emerged project Sheboshis. This denial comes after inquiries about his potential association with the project were raised by the community. Sheboshis, characterized by its token SHEB, draws inspiration from the renowned meme cryptocurrency Shiba Inu (SHIB) and its accompanying NFT collection, Shiboshis. While Shiboshis have garnered support within the SHIB community, Sheboshis stand as a separate entity on the Ethereum network. It claims a backstory in which SHEB is “the wife” of SHIB, the original Shiba Inu token. The project’s website explicitly states that SHEB is a meme…

Prisma Finance, a key player in the decentralized finance (DeFi) space, has introduced a groundbreaking borrowing protocol called PrismaLRT. It aims at revolutionizing the utilization of Liquid Restaking Tokens (LRTs). This innovative protocol addresses the liquidity constraints faced by LRT holders. Moreover, it paves the way for greater efficiency and accessibility in the DeFi ecosystem. 1/ Introducing $ULTRA, sound money backed by LRTs🌈A new borrowing protocol developed by @PrismaFi, PrismaLRT offers unparalleled efficiency for Liquid Restaking Tokens (LRTs).Let’s see how 👇https://t.co/8b2nhKKFZt — Prisma Finance (@PrismaFi) February 14, 2024 Prisma Finance’s $ULTRA-backed PrismaLRT Redefines DeFi Opportunities DeFi has changed considerably with…

After the late Tuesday launch of the Bitcoin Ordinals gaming project Bits failed to pull in as much demand as expected, the project announced on Wednesday that it was slashing prices and the total supply of its assets. “A stumble at the start never determines the rest of the journey,” pseudonymous DFZ Labs co-founder Betty said on Twitter. “While we own misjudging the market for supply and price here, we’re moving forward with an amazing team and adjusted supply/price.” A stumble at the start never determines the rest of the journey. While we own misjudging the market for supply and…