Author: NBTC
Ethereum is up by 1.67% in the last 24 hours, listed at $2,304.40 at the time of drafting this article. There is a possibility that ETH may rise more in the days to come. The statement is based on the anticipation that the US SEC will likely approve the remaining Ether ETF applications. An alternate expectation is that the price may not be affected or have little impact. So, a simple answer is that there is a chance of ETH rising after the Commission approves applications, and there is also a chance that the actual impact may be minimal. Potential…
Hedera has announced two new updates to its ecosystem. One pertains to the introduction of a new testnet faucet and another to changes in the native portal. Both are in line to enhance developers’ experience and optimize resource allocation. Also, the changes come in response to feedback that Hedera has received and that the team identified during operations. Both changes on Hedera are live, effective February 1, 2024. A new anonymous faucet allows developers to collect up to 100 testnet HBAR. This can happen once every 24 hours, simply by using their EVM address or ID. Test tokens will be…
The flagship cryptocurrency, Bitcoin, looks to be at a crossroads as it continues to trade flat, indecisive about whether to move downward or upward. Commenting on this current price action, crypto analyst Eric Krown Crypto reveals key factors that will decide Bitcoin’s next move. Bitcoin In “Outlier Land” In a video posted on his YouTube channel, Eric Krown used the Stochastic indicator to analyze Bitcoin’s current price and predict what direction the crypto token was likely headed. Based on his analysis, Krown noted that the current Stochastic level was pointing to a potential correction that was well overdue for Bitcoin. …
Shenglong Electrical, a Chinese language electrical enterprise, showcased its metaverse-based clever constructing administration system at an expo in Beijing. This method integrates subsystems right into a unified IoT interface, routinely adjusting air-con temperatures primarily based on customer numbers. Developed by Shenglong Electrical’s R&D group, this resolution reduces vitality consumption and operational prices whereas enhancing customer experiences. Shenglong Electrical’s metaverse-based clever constructing administration system covers an expansive space of over 60,000 sq. meters. The system autonomously controls all constructing tools, adapting to totally different climate circumstances and customer dynamics. The system optimizes occasion room temperatures by leveraging predictive capabilities, guaranteeing optimum…
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…