Author: NBTC
After unlocking another 1 billion XRP from the initial distribution escrows on October 1, Ripple prepares for another monthly sell-off. For this month, traders and investors can initially expect a 200 million XRP sale with a potential negative price impact. As usual, the company sent 20% of the unlocked amount to the ‘Ripple (1)‘ address, its liquid treasury account. Ripple has been displaying a similar pattern every month since the implementation and first unlock of XRP Ledger’s escrows. Last month, however, the company sold the usual 200 million tokens, with an additional 150 million XRP. The extra sale made in…
Tap-to-earn took over the crypto gaming landscape this summer, as Telegram based mini apps attracted over 300 million players at a time. But a Solana-based project has launched a tap-to-earn game called SonicX that launches natively inside of TikTok, in the pursuit of becoming the Notcoin of the Gen Z-favored social media platform. Sonic SVM, a layer-2 gaming chain built on top of Solana, plans to partner with content creators and run a series of ads on TikTok that players will be able to click to open the SonicX game natively inside TikTok. Much like mini apps on Telegram, TikTok…
According to a report by Kaiko Research, Bitcoin’s market dominance has increased to 54.9% of the total cryptocurrency market cap, reaching its highest level since April 2021. This increase reflects the growing influence of Bitcoin, particularly on the top 50 altcoins, as it continues to outperform other digital assets during times of market uncertainty. During the sharp market sell-off on August 5, triggered by an unexpected hike in interest rates in Japan, Bitcoin’s cumulative volume delta (CVD), a key measure of buying and selling pressure, remained positive on U.S. exchanges. Meanwhile, altcoins saw heavy selling pressure, further highlighting Bitcoin’s role…
Ripple Labs has continued intensifying its RLUSD stablecoin testing efforts with daily minting sessions. While the exact motive behind its beta testing remains unknown, data from the Ripple Stablecoin Tracker shows that 2,450,000 RLUSD has been minted thus far in October. Intensified RLUSD minting Ripple Labs has a reputation for technological advancement. The firm has standards to uphold, and with many competitors in the stablecoin niche, its debut must be nearly flawless. Per the RLUSD tracker, the 2.45 million tokens minted at the stablecoin treasury occurred in four major tranches. The biggest of these saw 1,350,000 RLUSD minted on the…
After experiencing a strong downturn in late August and early September, Bitcoin (BTC) has, in recent weeks, entered a rally that only grew in intensity shortly after the Federal Reserve lowered interest rates by 50 basis points on September 18 for the first time since 2020. The rally has sent BTC well above $60,000 and, at one point in the early hours on Friday, above $64,000. Bitcoin has, however, quickly entered a slight correction, but one prominent cryptocurrency expert, Ali Martinez, warned on X that investors would be wise to ‘book some profits’ by selling the cryptocurrency. According to Martinez,…
September 2024 was a busy month for the XRP and Ripple communities, with several important updates and milestones. Dan Fisher, Community Relations Manager at Ripple, shared a thread summarizing these developments, which call to attention the ongoing growth and innovation in the ecosystem. Here are the key points from the month: Ripple and XRPL Advancements Ripple announced exploration of programmability for the XRP Ledger (XRPL). The firm plans to do this through the upcoming EVM sidechain and a possible native smart contracts functionality with community collaboration. XRPscan, an explorer tool for the XRPL, introduced the beta version of an advanced…
With Bitcoin inching closer to the “Uptober” rally, will September end at $70K as the 4-day rally gains momentum? As Bitcoin peaks above the $64K mark momentarily, the crypto market is on a major bull run. With projects like Solana making waves in the Token2049 event and the Bitcoin market cap increasing to $1.263 trillion, the bulls are back in the driving seat. Will this sudden shift in trend dynamic lead to a stable bull run this year? Let’s find out. Bitcoin 4-day Rally: A Breakout Signal? In the daily chart, Bitcoin is marking its fourth consecutive bullish day, registering…
After a dull stretch, NFT sales have taken a turn for the better. What’s behind this momentum, and is it a sign of a lasting revival? Table of Contents NFTs are finally making a comeback Which blockchains are leading the race? Why are NFTs surging again? What to expect next? NFTs are finally making a comeback Non-fungible tokens are starting to show signs of life again after a rather dull performance in the last few weeks. According to data from CryptoSlam, sales between Sep. 30 and Oct. 6 soared past $84.9 million, marking the highest sales volume since the week…
Tokenization platform Finest has announced that tokenized assets are now available on the Cardano network. They will have an initial limit of $150,000, and the ticker for Cardano’s native token will be fGLD. The fGLD token allows users to store the precious metal in digital form. The platform noted that market participants can exchange the fGLD token for physical gold, which strengthens its credibility. Finest, which launched on the Cardano mainnet in August, also allows users to buy tokenized granite. The Cardano network has been lagging in terms of tokenized RWA presence, despite a recent partnership with EMURGO to launch…
Bitcoin is currently testing the 200-day Simple Moving Average (SMA), a significant resistance level that has historically defined market trends. This technical level has often marked turning points in Bitcoin’s price, playing a critical role in confirming the direction of its movements. Recent observations highlight that Bitcoin’s ability or failure to reclaim this level could signal the next major market shift. Historical Resistance Levels Historically, Bitcoin has struggled to reclaim the 200-day SMA during key market cycles. In 2014, the price faced a significant rejection at this level near $700, resulting in a sharp decline that bottomed around $257. A…