Author: NBTC
The cryptocurrency community closely monitors Ethereum as it approaches a critical support level of $2,300. According to recent data, this price point is significant not only for its psychological implications but also because it represents a substantial concentration of investments. Analysis from crypto intelligence platforms indicates that approximately 2.4 million addresses have accumulated about 52.6 million Ethereum tokens within the price range of $2,048.97 to $2,779.56. However, most of these purchases cluster around the $2,300 mark, positioning it as a pivotal level for current Ethereum holders. The key support level for #Ethereum is $2,300, where 2.4 million addresses purchased 52.6…
GraFun, a memecoin launchpad supported by Floki and DWF Labs, saw over $250 million in trading volume in its first 24 hours on PancakeSwap. One project, BabyBNB, achieved a market cap peak of $132 million shortly after launch and was listed on exchanges like MEXC and Gate. GraFun introduced the “Fair Curve” model to reduce fraud and price manipulation in token launches. The new GraFun launchpad and trading platform introduced memecoins that bagged over $250 million in volume from their automated deployment to PancakeSwap in the first 24 hours after the platform’s launch, according to one of the developers behind…
MultiBank Group, a global financial institution based in Dubai, has announced the launch of its subsidiary, MEX Digital FZE, in the UAE. MEX Digital has secured a license from the Virtual Assets Regulatory Authority (VARA) in Dubai to operate under the MultiBank.io brand. The license allows the company to offer services as a broker-dealer and exchange for virtual assets, excluding derivatives at this stage. According to the firm, this development strengthens MultiBank.io’s position as a Virtual Assets Service Provider (VASP) in the region. The company can now provide virtual asset exchange and broker-dealer services under the new regulatory framework. “Our…
Investment strategist Lyn Alden has tipped Bitcoin to trade at $1 million per coin in the next decade. Lyn Alden, the famous author of “Broken Money,” has set a lofty price target for Bitcoin. In an interview, she predicted the premier asset would hit $1 million in the next eleven years. Alden asserted that a $1 million Bitcoin price is on the cards, considering the recent increased adoption around the crypto asset. The seasoned financial author further noted that she sees Bitcoin trading that high if it continues to be “the leader in digital assets and a portable store of…
Ethereum is flat at press time, moving inside a narrow $400 range with caps at $2,300 on the lower end and $2,800 as the upper limit. Even though investors are upbeat, expecting prices to soar in the coming sessions, uncertainty continues to engulf the market. Ethereum Finds Support At $2,300: Over 52 Million ETH Bought The second world’s most valuable coin is bearish, dumping by over 50% from July highs and unable to break the local resistance at $3,500. As traders closely monitor how price action pans out, one analyst has picked an interesting development from market data. Citing IntoTheBlock…
XDC 2.0 introduces enhanced security through its new consensus mechanism. EIP-2718 and EIP-2930 proposals enhance transaction efficiency and network security. As the crypto community braces for a potential “Uptober”, they are also closely watching the TradFi & RWA-centric L1 chain XDC Network’s next significant milestone. Within hours, XDC 2.0 is set to roll out its highly anticipated mainnet upgrade at block number 80370000. This release will bring the XDPOS Consensus 2.0, which is based on the Chained HotStuff Byzantine Fault Tolerance (BFT) algorithm, a state-of-the-art advancement designed to improve security, efficiency, and user experience across the network. A cornerstone of…
SunPump has announced a new partnership with GroveX to expand market opportunities for meme projects. This collaboration is expected to drive significant growth within the Tron ecosystem, as it will allow developers and investors to explore new possibilities. SunPump shared this exclusive news through its official social media platform, X. 🌟We’re delighted to announce our ecosystem partnership with @GroveXchange!This collaboration will bring fresh market expansion opportunities for #meme projects on #SunPump. We can’t wait to see the exciting highlights it will bring to the #TronMemeSeason and beyond! 🚀 pic.twitter.com/1JPeyng92A — SunPump (@sunpumpmeme) October 11, 2024 SunPump Enhancing Meme Project Exposure…
River, a leading U.S. Bitcoin exchange, has launched River Proof of Reserves to provide clients with verifiable proof that their Bitcoin holdings are fully reserved. This sets a new transparency standard for the industry after recent failures of exchanges like FTX shook consumer trust. River CEO Alex Leishman stated, “River Proof of Reserves is about more than verifying our balances; it’s about reinforcing River’s commitment to integrity and long-term client trust.” He added, “Our goal is to build unshakable trust with our clients. Proof of Reserves is the gold standard for Bitcoin custody.” The new feature allows clients to independently…
Key takeaways Our Ethereum price prediction anticipates a high of $5,064.63 by the end of 2024. In 2025, it will range between $5,044.68 and $6,078.17, with an average price of $5,973.21. In 2030, it will range between $15,825.07 and $17,361.45, with an average price of $16,502.73. The Ethereum blockchain is accessible to everyone and built to support scalability, programmability, security, and decentralization, allowing for the creation of any secure digital technology. Its native digital currency, ether (ETH), and its smart contracts have attracted investors’ recognition and interest, while developers appreciate its utility in developing blockchain and decentralized finance applications. So,…
Hamster Kombat’s token fell sharply days after the viral Telegram mini-game airdropped millions of tokens to users. Trading data revealed that Hamster Kombat (HMSTR) plunged nearly 60% since its token generation event and exchange listing on Sept. 26. HMSTR’s debut price was around $0.012 across platforms like Binance and decentralized trading venue Ebi. At press time, the cryptocurrency was trading for less than $0.0058 and has steadily declined since its late September launch. 24-hour HMSTR price chart – Sept. 30 | Source: crypto.news Hamster Kombat became a popular mini-game on The Open Network (TON) and private messenger app Telegram, promising…