Author: NBTC
Renowned crypto asset hedge fund manager Charles Edwards has made a bold prediction regarding the future price of Bitcoin. Edwards, founder of Capriole Investments, shared his insights via X (formerly Twitter), outlining a compelling case for Bitcoin’s potential to reach $280,000 in the coming year. In his statement, Edwards referenced historical data and several key factors that could drive Bitcoin’s price to new heights. He began by comparing Bitcoin’s performance after the 2020 halving event, stating, “If Bitcoin’s post halving returns are the same as 2020, we are looking at $280K Bitcoin next year.” Bitcoin Price Could Top $300,000 Next…
Ethereum (ETH), the second largest cryptocurrency asset, is anticipated by several well-known analysts in the crypto industry to undergo a price surge in the upcoming months as the market is seeing a wave of bullish momentum. Ethereum Poised To Go Parabolic In The Upcoming Months Altcoin Daily crypto analysts have revealed three major factors that could propel the price of Ethereum in the coming months. The analysts shared their optimistic insights for ETH in a recent episode – “Ethereum price is still ready to explode” on YouTube. According to the Altcoin Daily analysts, Ethereum is expected to reach $4,000 in…
In a recent analysis, Fred Krueger, the former founder and chairman of Traffic Marketplace, offered a nuanced explanation for the seemingly paradoxical situation where the Bitcoin price has fallen despite the influx of over $5 billion in new assets through Exchange-Traded Funds (ETFs) by BlackRock and Fidelity. Since January 11, the first trading day of the ten spot ETFs, the Bitcoin price has currently plunged by 13% (over 21% at times). Why Is Bitcoin Price Not Going Up? Krueger’s insights, shared via X (formerly Twitter), delve into the complex dynamics of the market and its recent interactions with emerging financial…
Bitcoin, the largest crypto asset, is currently at a standstill from the viewpoint of many investors considering current market factors. The crypto mostly traded between $41,000 and $45,500 last week after recovering from a brief dip below $40,000 on January 23. Although the price action has been underwhelming, on-chain data indicates that large holders have been adding more to their wallets, bringing the total number of wallets to the highest it has been in 15 months. At the same time, the holding pattern indicates smaller whales have been adding to their holdings to join the next tier of holders. Large…
As the eagerly awaited Bitcoin halving event approaches in April, cryptocurrency analysts are engaging in spirited discussions about the potential trajectory of the leading cryptocurrency’s price. Offering his insights, Michaël van de Poppe, the founder and CEO of MN Trading, has shared his predictions, outlining a period of consolidation before potential growth, with a particular emphasis on the anticipated outperformance of certain altcoins. Bullish Long-Term Outlook Amidst Short-Term Consolidation Van de Poppe envisions a phase of consolidation for Bitcoin in the upcoming months, with a suggested price range oscillating between $48,000 and $50,000 leading up to the halving event. My…
BRC-20 tokens open doors for developers to build their own decentralized applications (dApps) with unique economies on the Bitcoin network. This fosters community engagement through internal currencies, and attracting investment through innovative token sale structures. BRC-20 tokens are fungible tokens built on the Bitcoin network using the Ordinals protocol. It also utilizes inscriptions containing JSON (JavaScript Object Notation) data to facilitate the deployment of token contracts, minting tokens, and transferring tokens. Presently, the BRC-20 token standard offers the ability to create a BRC-20 token using the deploy function, mint a specified quantity of BRC-20 tokens using the mint function, and…
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has seen a significant exodus from centralized exchanges in recent weeks, with data suggesting a growing preference for holding the asset outside of trading platforms. At the time of writing, ETH was trading at $2,289, down 0.7% in the last 24 hours, but managed to gain 1.6% in the last week, data from Coingecko shows. Ethereum Outflow Hits $1.2 Billion According to blockchain analytics firm IntoTheBlock, a staggering $500 million worth of ETH exited exchanges last week, contributing to a total outflow of $1.2 billion for the entire month of January.…
What are BRC-20 Tokens? BRC-20 tokens are a novel standard on the Bitcoin blockchain, BRC-20 tokens were inspired by Ethereum’s ERC-20. Like Ethereum’s ERC-20 strands for Ethereum Request for Comment, BRC-20 also strands for Bitcoin Request for Comment. BRC-20 tokens allow the creation, minting, trading, and transfer of fungible tokens or assets on the Bitcoin blockchain through the Ordinals protocol. The Bitcoin Ordinals protocol is a numbering system that allows users to attach extra data to satoshis, the smallest unit of Bitcoin. The process of attaching extra data to satoshis is called inscription, BRC-20 tokens do not need smart contracts…
Analysts at cryptocurrency exchange Coinbase are backing Bitcoin and the entire crypto market to put up a significantly positive performance in Q2 2024. This development comes as BTC continues its market recovery, gaining by 3.31% in the last week to trade above $43,000. Downward Pressure On Bitcoin Subsides, Macro Factors To Come Into Play: Analysts In the Coinbase weekly report on Friday, the American exchange’s analysts noted that the market factors that induced downward pressure on Bitcoin were being phased out. This claim is backed by the completion of the GBTC’s liquidations by defunct exchange FTX as well as the…
Digital actuality developer Victoria VR is ready to launch the primary metaverse app on the Apple Imaginative and prescient Professional. Apple’s first foray into digital actuality will start on February 2nd and the Victoria VR app might be accessible in Q2 2024. Victoria VR’s web3 utility will deal with viewers to a digital house primarily based on 5 components of nature with a map of Victoria VR island with the cardinal factors and the structure of the entire world in response to the rules of Feng Shui. A Ming Kua calculator can even be included to find out appropriate areas…