Author: NBTC
Ethereum’s market value has surged to an impressive $3,920. This substantial uptick in the second-largest cryptocurrency’s value has caught the attention of the crypto community, signaling potential shifts in the broader market dynamics. Over the past three days, Ethereum has demonstrated its resilience and competitiveness against Bitcoin, with a remarkable +9.5% increase in its market price ratio compared to the leading cryptocurrency. Such deviations in the dominance of these two giants often lead to interesting market dynamics, prompting swift profit redistribution and heightened activity among major players. 📈🐳 #Ethereum’s market value is up to $3,920 and the #2 cap ranked…
Big or Whale investors have continued to amass more XRP tokens in anticipation of a price rise, recently cupping over 373 million tokens in an accumulation spree. Despite leveraging the latest market uptrend to record a bullish run, XRP has not caught up to other crypto assets in the market. Amid this underperformance, some investors have taken to amassing more XRP tokens at lower prices, awaiting an imminent price rally. Whale Alert, a leading whale-tracking resource, recently spotlighted a cluster of large transactions involving the accumulation of millions of XRP by different wallets. The trend involved over 392 million XRP…
LasMeta, a pioneer in Virtual Reality (VR) Social Poker Gaming Metaverse, has announced a groundbreaking collaboration with Polygon Labs. Polygon Labs is a leading platform for Ethereum scaling and infrastructure development. This partnership aims to redefine the boundaries of online gaming and blockchain utility. It promises players a seamless and efficient gaming experience like never before. #LasMeta is proud to announce the collaboration on utilizing POS for $LASM and building the in-game transaction on the @0xPolygonEco with 95% on-chain.Players will seamlessly participate in the LasMeta Metaverse with low transaction fees and rapid speed, provided by @0xPolygon… — LASMETA 🦌 (@lasmetaio)…
According to data shared by the on-chain analytics platform IntoTheBlock, the second most popular blockchain, Ethereum, has seen a dramatic increase in weekly fees. IntoTheBlock has named one of the key drivers that have contributed to this surge. The total amount of fees collected on Ethereum has increased by 78%. Ethereum fees skyrocket thanks to meme coin mania Ethereum fees begin to rise when this chain that first allowed developers to build DeFi dapps and create NFTs faces congestion as too many transactions are waiting in the meme pool to be verified. When it happens, miners begin to prioritize those…
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD Claims Fourth Spot Among Stablecoin Titans In the realm of U.S. dollar-pegged cryptocurrencies, the stablecoin FDUSD has emerged as a significant player. As of now, FDUSD boasts a circulating supply of 3.15 billion tokens, predominantly distributed across Ethereum and the BNB Chain. Specifically, 3.02 billion tokens are on Ethereum, while 134.7 million tokens are housed on the BNB…
Web3 messaging and social platform beoble has secured a strategic investment from Animoca Brands, a gaming and metaverse-focused venture capital firm. The investment aims to support beoble’s mission of becoming a leading global Web3 social platform by leveraging blockchain technology to enhance user interaction, privacy, and security, the company said in a press release shared with Cryptonews.com. With this partnership, beoble will have the opportunity to offer its advanced Web3 chat features to selected companies and projects within Animoca Brands’ extensive portfolio of Web3 investments. “We’re excited to have Animoca Brands’ backing, as it is a testament to its support…
While Bitcoin has undoubtedly captured the lion’s share of attention in the cryptocurrency market, analysts and investors are focusing on Ether (ETH), the native token of the Ethereum blockchain. With the highly anticipated Dencun upgrade and growing excitement surrounding the potential approval of spot ETH exchange-traded funds (ETFs), many experts predict that Ether could more than double in value during 2024. As the world’s second-largest cryptocurrency by market capitalization, the question on everyone’s mind is whether Ether can follow in Bitcoin’s footsteps and shatter its previous all-time high, further solidifying its position as a formidable force in the digital asset…
Floki price has retained its bullish momentum for the year with the project’s popularity on social platforms hitting impressive levels. According to an update from LunarCrush, a social intelligence company, this year has mostly been bullish for Floki. The number of creators posting about the memecoin in the past year has surged by over 271.6%. Floki has persistently seen an increase in its popularity over the last year, a time that saw its price soar by 485.50%, per CoinMarketCap data. The project has continued to build on this momentum since the start of this year, with an uptick in its…
In a move aimed at revolutionizing the digital fashion sector, Crypto.com has announced its partnership with Altava Group. Altava Group is a prominent player in the digital fashion tech industry. This collaboration is marked by a memorandum of understanding (MoU) signing ceremony at Crypto.com Korea. It signifies a pivotal step towards leveraging technology and expertise for the advancement of the global digital fashion market. Eric Anziani, President and Chief Operating Officer of Crypto.com, and Andrew Junhoe Ku, CEO of Altava Group, presided over the signing ceremony. This highlights the commitment of both parties to drive progress in the digital fashion…
The Ethereum network has seen a reduction of 417,413 ETH in supply since transitioning to a Proof-of-Stake (PoS) consensus mechanism in September 2022, per data from ultrasound.money. In the 540 days since The Merge, 1,509,991 ETH has been burned while the network has issued 1,092,578 new ETH, resulting in a net decrease. As of press time, the market value of the ETH removed from the supply stands at $1,653,797,635, marking an annual inflation rate of -0.23%. In contrast, Bitcoin’s supply has grown by 1.716% over the same period. This highlights the divergent monetary policies of the two largest cryptocurrencies, as…