Author: NBTC
The price of Bitcoin (BTC) has risen and crossed the psychological threshold of $60,000. On March 1, 2024, BTC price faced corrections at $62,000 Long-term forecast for the Bitcoin price: bullish The largest cryptocurrency reached a high of $63,905 on Wednesday, February 28, as Coinidol.com reported before. The cryptocurrency is currently experiencing a minor setback as it falls below the high of $52,500. Bitcoin has formed another range since reaching its last high. The cryptocurrency is trading above the support level of $60,000 but below the high of $52,500. If the bulls break the $52,500 level to the upside, the…
The Metaplex Foundation revealed Monday that it is launching a new non-fungible token (NFT) standard for Solana that is cheaper to mint and easier for developers to work with—and crucially, given recent congestion, it requires substantially less Solana network compute too. The Metaplex Core standard, the Foundation exclusively shared with Decrypt, is billed as a next-generation NFT standard for the Solana network, cutting mint costs and network demand by more than 80% compared to the existing Token Metadata standard on Solana. “Core is a culmination of our learnings since we introduced the first Solana NFT standard back in early 2021,”…
Another wave of FUD around the possible security status of Ethereum (ETH) is the key reason behind its “underperformance,” data says. However, passionate holders do not seem to be ready for selling en masse. Ethereum FUD causes record-breaking ETH inflow to CEXes In the past week, the Ethereum (ETH) supply has experienced mixed trends. As the meme coin mania loses steam, the aggregated Ethereum (ETH) fees dropped by 41%, says leading blockchain data tracker IntoTheBlock. In this week’s newsletter, we analyze some of the recent FUD against Ethereum. We evaluate ETH’s relative performance in terms of price, its fundamental metrics…
XRP’s market capitalization surged by over $3.2 billion in 24 hours. XRP’s recent surge solidifies its prominence within the crypto market. XRP’s price increased by 6%, reaching $0.63. XRP has undergone a significant surge in its market capitalization, soaring by an impressive $3.2 billion within a mere 24-hour period. This surge has propelled the market valuation of XRP from $31.51 billion to an astounding $34.55 billion, marking a noteworthy increase of 9.5%. Presently positioned as the sixth-largest digital asset by market capitalization, this surge solidifies XRP’s standing within the cryptocurrency domain. This surge places XRP in a similar league, in…
Ankr, a well-known DeFi platform, has kicked off a new collaboration to increase its span. As per the company, the partnership with Prom (a zkEVM L2) focuses on enabling developers to develop on it for interconnected and scalable dApps. In addition to this, the respective endeavor would also permit the users to perform request calls. Moreover, they can also get information returns just like the results dealing with operating a completing node. 📢 Ankr is excited to announce a new addition to our RPC service: @Prom_io, a modular zkEVM Layer 2.Prom enables interoperability across various chains, including both EVM &…
Bitcoin, which generally spent February on the rise, showed a strong performance this February and rose above $64,000. While bullish expectations increased in the market after this rally, The Market Ear analysts warned investors about a possible correction. Speaking to Coindesk, The Market Ear analysts said that short-term investors are turning to riskier leveraged transactions to maximize their gains for fear of missing out on the rise and to make up for the profit they missed due to initially waiting on the sidelines. Warning investors not to get caught up in FOMO and enter the market at these levels, analysts…
In a striking example of the unpredictable nature of the non-fungible token (NFT) market, a Bored Ape Yacht Club NFT previously owned by Kevin Hart, the acclaimed American comedian and actor, was sold for a fraction of its original purchase price. The event not only highlights the volatile investment landscape of digital assets but also serves as a cautionary tale for celebrities and investors alike who venture into the NFT space. Celebrity investments turn sour Kevin Hart’s engagement with the NFT world made waves in January 2022 when he acquired Bored Ape Yacht Club #9258, a digital asset featuring an…
A widely followed crypto analyst is warning that Ethereum (ETH) could collapse in value after failing to hold a key level. In the latest edition of the trader’s altcoin newsletter, pseudonymous crypto trader Rekt Capital warns that Ethereum could dip below $3,000 based on historical precedence. “Ethereum is in a complicated spot. Because it has rejected from the green $3,956 resistance, similarly as in the past (red circles).” Source: Rekt Capital/Altcoin Newsletter The trader believes that Ethereum needs to hold the level around $3,342 or it could move down much further to the $2,700 level. “A weekly close below the…
Top crypto analytical platforms CoinCodex and Telegaon release predictions regarding when the Shiba Inu ecosystem token Bone ShibaSwap (BONE) would hit $2.20. BONE, the governance token of the Shiba Inu ecosystem and official gas token of Shibarium, gained the crypto community’s attention this week after its price spiked 26% to $1.09 on March 18. Following its Monday rally, famous analyst $SHIB Knight projected that the asset would “pump more” and possibly reach the coveted price of $3. However, some analysts believe that BONE would need to breach the $2.20 resistance before making its way to the $3 threshold. Meanwhile, BONE…
Grayscale Investments lost $8.4 billion from the Grayscale Bitcoin Trust (GBTC) since converting it to an exchange-traded fund (ETF) on January 11, 2024. The outflows come as investors eye new products from banks and other financial institutions. Yesterday’s outflows from the GBTC fund totaled almost $600 million, making February 29 the second largest day of outflows since the US Securities and Exchange Commission approved the ETF. Net outflows from the Grayscale fund now total approximately $8.4 billion. Grayscale GBTC Records Outflows as Competition Heats Up The outflows from Grayscale coincide with increased demand for exchange-traded products from other providers. While…