Author: NBTC
Solana has ended yet another year with a bang. Although 2023 was filled with challenges, the Solana community turned it into an eventful year. It is no wonder it is nearing the 100-dollar price mark again. Currently trading at 99 dollars, the token has gained 17.34% in the past 24 hours. Its 1-week growth accumulates to 31%, while it has gained 82.43% value in the past month. Such numbers are the reason why crypto traders are reviewing every Solana forecast to assess its growth. This spike in price is not the result of mere market optimism. To derive these results,…
In a recent post on X, Sassal, an independent Ethereum educator, is doubling down on Ethereum (ETH). The angel investor said that based on current market sentiment, there are signals that the “death of ETH” narrative is losing steam. This is a reason, in Sassal’s view, to buy even more ETH ahead of the expected bull run. Ethereum Bulls Confident, ETH Resistance At $2,400 With the bullish stance, the independent Ethereum educator appears to be convinced that Ethereum’s fundamentals are strong. More importantly, the analyst is confident that the network is well-positioned to capitalize on the growing demand for protocols, including those…
The crypto industry went through a period of evolution in 2023 to reiterate its position in the global market. This evolution was particularly spearheaded by Bitcoin’s dominance, with the crypto registering gains in the last quarter that were practically absent in the earlier parts of the year. All the signs are there; interest is picking up, big money from institutions is sniffing around again, several important technical and on-chain pricing models this year have been confirmed, and the dust seems to have finally settled from the prolonged bear market in 2022. Total market cap at $1.59 trillion | Source: Crypto…
Ethereum is currently ranging around $2,200, with its price undergoing a calm volatility in the past 7 days. New data from Santiment has revealed the current sentiment among Ethereum whale addresses, as the total supply on exchanges recently hit a new low. According to the on-chain analytics platform, more than 240,000 ETH have left 10 of the biggest ETH exchange wallets in the past 24 hours. As a result, the cumulative number of ETH deposited across crypto exchanges dropped from 8.03 million ETH to 7.79 million ETH in a single day, one of the largest it has ever seen. With…
An analyst has explained how Ethereum is retesting a breakout zone currently and that this might lead toward a price target of $3,500. Ethereum Is Retesting The Breakout Line Of An Ascending Triangle As pointed out by analyst Ali in a new post on X, Ethereum may be preparing for a further climb right now as it’s retesting the breakout zone of an ascending triangle. An “ascending triangle” is a pattern in technical analysis that, as its name implies, resembles a triangle. The pattern involves a horizontal line made by connecting highs and a slant line that strings together higher…
Bitcoiners, or members of the Bitcoin community, have been looking to get a legitimate stand for their tokens for a long time. Expectations have circled to January 2024, a month when the SEC could potentially approve all the applications for Spot Bitcoin ETF. That will give a formal investment structure to traders and institutional traders when it comes to exchanging BTC on the board. One of the prominent personalities to have come out in support of Spot Bitcoin ETF is Mike Novogratz, the Chief Executive Officer of Galaxy Digital. He believes approval can come as early as January 10, 2024,…
A report by K33 research analysts has provided insight into how much institutional investors’ appetite for Bitcoin has increased ahead of a potential approval of a Spot BTC ETF. The research firm emphasized a particular indicator to drive home their point and provided further insight into what the future holds if these ETFs get approved. The Derivatives Market: An Indicator Of Institutional Interest In Bitcoin In the report written by K33’s Senior Analyst Vetle Lunde and Head of Research Anders Helseth, they noted that the derivatives market was important as it can be used to gauge institutional traders’ interest in…
Marathon Digital Holdings recently signed a definitive purchase agreement with Generate Capital’s subsidiaries. The agreement will allow Marathon Digital Holdings to acquire two operating Bitcoin mining sites. Based on the terms, Marathon will pay 178.6 million dollars for sites totaling 390 megawatts of capacity. In other words, Marathon is paying 458,000 dollars per megawatt for two of the best Bitcoin mining sites in the market. The transaction marks Marathon’s first endeavor to own BTC mining sites. With this development, the company has officially transitioned from an asset organization to managing BTC mining operations. As of now, Marathon owns 584 megawatts…
SDF and other community members have worked for two years to integrate smart contract capabilities into the Stellar network. This is a significant step forward for Stellar. This integration is about introducing a slew of new capabilities and possibilities while remaining fully compatible with existing network functions. A key milestone has recently been accomplished in this endeavor. The SDF, in collaboration with the maintainers of many prominent Stellar Software Development Kits (SDKs), has released a software suite that covers all aspects of Protocol 20. This much-anticipated update will bring Soroban smart contracts to the Stellar network. To facilitate this transition,…
The anticipation around a potential approval of a Spot Bitcoin ETF is still high among crypto investors. This anticipation has been one of the main drivers of the price rally that has been witnessed over the last two months. Despite the United States Securities and Exchange Commission (SEC) postponing its decision on multiple spot ETF filings, industry experts remain very positive that the regulator is on the verge of approving the first Spot Bitcoin ETF. Bitcoin Spot ETF Coming In January 2024 Many experts have revised their expectations for if and when the SEC would approve a Spot Bitcoin ETF.…