Author: NBTC
Valhalla, the play-to-earn NFT game, has announced its partnership with the football club Sunderland AFC. Valhalla will be the back-of-the-shirt sponsor for the club’s 24/25 season. Valhalla partners with Sunderland AFC for the full 24/25 season ⚽️We are proud to announce that Valhalla, our flagship Play-to-Earn MMORPG, is partnering with Sunderland AFC for the full 24/25 season as a prominent back-of-shirt sponsor!Key highlights of this partnership:– 4… pic.twitter.com/bdbPLMkEif — FLOKI (@RealFlokiInu) August 9, 2024 Valhalla is a play-to-earn NFT metaverse game that is powered by the $FLOKI token. On the mainnet, users would have to hold a certain amount of…
Bitcoin (BTC) is currently testing a key resistance level at $65,000 that is “pivotal” to market sentiment, according to a recent report published by Kraken on Sept. 26. The report noted that Bitcoin has reclaimed all its major moving averages, which could lead to continued bullish momentum in the coming days. It added that recent price action shows tight consolidation near the $65,000 area, with trading patterns indicating a state of market indecision at this critical level. However, the report emphasized that a daily close above $65,000 is necessary to confirm a bullish momentum and pave the way for higher…
Dog-themed cryptocurrency Shiba Inu rebounded from a strong support near $0.000010 on Aug. 5. The recovery continued, reaching highs of $0.00001442 on Thursday before slightly retreating in Friday’s trading session. As eyes remain on where Shiba Inu price trends next, on-chain data has brought to light a crucial resistance range that SHIB must overcome to achieve significant price recovery. According to data from IntoTheBlock, 487.98 trillion SHIB tokens were bought by 105,280 addresses in the range between $0.000015 to $0.000019 at an average price of $0.000017. The significant volume of SHIB purchased in this range suggests that many investors are…
Bitcoin has surged above $65,000 in the past 24 hours, buoyed by positive US employment data and new reports on China’s economic stimulus measures. However, some analysts have pointed out that Bitcoin’s (BTC) performance has lagged behind that of U.S. stocks and Chinese stocks, raising questions about the cryptocurrency’s short-term momentum. Nansen analyst Aurelie Barthere observed that Bitcoin has underperformed U.S. stocks and Chinese markets since Beijing announced its stimulus packages. “The Hang Seng and Chinese stocks have outperformed Bitcoin since the stimulus was announced,” Barthere said. “One reason for this may be that the measures taken by China primarily…
Coti, the issuer of Djed stablecoin on Cardano, has undergone a significant protocol upgrade, with Djed 1.2 now live. Djed 1.2 is ushering in new improvements, including increased accessibility, which will solidify Djed’s position within the Cardano DeFi ecosystem. Cardano-backed Stablecoin Djed has undergone a significant upgrade. COTI has announced the successful launch of the long-awaited version 1.2, which was confirmed via a post on X (formerly Twitter) by the stablecoin issuer COTI. According to the team, this significant improvement ushers enhanced functionality and accessibility. Launched one year ago in January, the stablecoin has operated seamlessly amidst huge regulatory and…
In its latest analysis, cryptocurrency analytics firm CryptoCon has identified November 2024 as the expected time for Bitcoin (BTC) to reach its all-time high (ATH). The firm based its forecast on historical data and technical indicators, particularly the 2-week Ichimoku Cloud, which it claims has been a reliable predictor in previous market cycles. According to CryptoCon, over the last two Bitcoin cycles, the 2-week Ichimoku Cloud has accurately timed new ATHs via a bullish crossover following the red cloud in the middle of the cycle. This crossover signaled the start of a major rally, eliminating the need to wait for…
PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data. Notably, the usage of PYUSD is practically evenly distributed between Solana and Ethereum, as both blockchains show 48.32% and 51.68% dominance, respectively. This significant movement by PYUSD within Solana’s DeFi ecosystem could be tied to the incentives campaign among its applications, such as Kamino. PayPal’s stablecoin has the highest annual percentage yield (APY) to be supplied as collateral on the Solana-based money market and the smallest borrow rate. However, despite…
The cryptocurrency market is experiencing increased fluctuations as Bitcoin inches closer to a psychological threshold of $70,000. With rising prices comes the possibility of market shifts. According to a recent tweet from prominent market watcher Ash Crypto, “$1,600,000,000 worth of shorts will get liquidated if Bitcoin hits $70,000.” Short sellers face pressure as Bitcoin’s surge threatens $1.6 billion in liquidations Short sellers borrow BTC to sell at a higher price, expecting it to drop in value so they can repurchase it at a lower price and pocket the difference. However, if the price continues to rise, they face losses and…
Meme coins are at the forefront of a notable crypto market recovery, with Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), and Bonk (BONK) all demonstrating significant price rebounds following recent downturns that saw over $1 billion market liquidation. Dogecoin, the most prominent player in the meme coin space, experienced a dip on Monday when its price fell to $0.0856. It has since recovered to approximately $0.1054, an impressive 18% increase from its dip. Similarly, Shiba Inu also saw a decline to $0.00001087 this week but has rebounded by around 30% to $0.000001416 as of this writing. Pepe, another…
A widely followed crypto analyst believes that Bitcoin (BTC) may go on a massive rally and hit six figures after the US presidential election. Pseudonymous crypto trader Kaleo tells his 649,500 followers on the social media platform X that Bitcoin may repeat an end-of-the-year pattern from 2023 and print fresh all-time highs (ATHs). “Overlayed the fractal of last September/October’s price action to this year’s just for fun. It serves as a good reminder that September did mark the bottom of the range and ‘Uptober’ led to a solid shift in momentum higher, but the real fun started at the end…