Author: NBTC
Ethereum price prediction: ETH is slowly closing in on the crucial $4,000 level after Bitcoin price topped out at $68,537 on Monday, March 4. Select altcoins, especially meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), Pepe, and more graced the market with triple-digit gains, accentuating the bullish theory. The second-largest cryptocurrency, trading above $4,000 during US business hours, is only 22.83% from its record high of $4,891. Ether boasts a 7.2% increase in 24 hours on top of a 16% surge in a week and an impressive 64% in a month. According to CoinMarketCap, ETH is experiencing a staggering accrual…
The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it gets the green light from the central bank. Nigerian Stablecoin Project in False Start The Africa Stablecoin Consortium (ASC), a group of Nigerian fintech startups and banks, said on Jan. 9 that it will not proceed with the stablecoin launch as previously announced. Instead, the consortium will engage the central bank so it can “participate in its regulatory sandbox program.”…
The total value locked (TVL) of restaking protocol EigenLayer has surpassed that of popular decentralized finance protocol Aave, making it the second largest protocol via TVL. This comes after EigenLayer’s decision to temporarily remove deposit caps on its network. At the time of writing, the TVL for EigenLayer sits at $11.24 billion, while the TVL for Aave is at $10.7 billion, according to information available on DeFiLlama. The TVL “flip” has drawn in commentators who raise the question about whether or not staking, or liquid staking, should be included in a protocol’s TVL if staked native assets are generally not…
While Bitcoin hit its all-time high, Ethereum lags behind by 25%, puzzling investors expecting ETH to capitalize on similar market conditions. Ethereum’s inability to surge to new highs likely stems from Bitcoin’s dominance during the past six months. Despite the current suppression, on-chain indicators and historical trends suggest Ethereum could see a breakout. While Bitcoin has surged to its all-time high of over $69,000, Ethereum is lagging behind as its price remains anchored 25% below its own peak near $4,000. This divergence has puzzled many investors who expected ETH to capitalize on the same tailwinds lifting BTC. So what’s holding…
KuCoin Research has released its monthly report for January, highlighting a notable resurgence in Web3 investments. During this period, seed rounds and strategic financing increased, with 22% of projects securing funding exceeding $10 million. Compared to the previous month, the proportion of projects with financing below 10 million tokens decreased, signaling a shift in investor behavior. Sectors like Infrastructure, NFT, and Gaming emerged as focal points, establishing dominance alongside the Ethereum Virtual Machine (EVM) ecosystem. The surge in Bitcoin options dominated headlines in January, fueled by the growing anticipation of a Spot ETF approval. Investors and market participants closely monitored…
Share: AI coins Render, Akash Network, Fetch.ai, Origin Trail and Ocean Protocol, among other assets, rallied on Thursday. World AI Cannes Festival opened on February 8, likely catalyzing gains in AI assets. Crypto expert states AI tokens are currently underpriced. The World AI Cannes Festival, where over 50 Artificial Intelligence projects will share their latest updates, opened on Thursday. The AI festival is likely the catalyst that fueled gains in top AI assets like Render (RNDR), Akash Network (AKT), Fetch.ai (FET), Original Trail (TRAC) and Ocean Protocol (OCEAN), among others. Also read: Ethereum price tops $2,400 as 25% of ETH…
Bored Ape Yacht Club’s (BAYC) NFT collection experienced a significant decline in its floor price, dropping below 20 ETH to 17.99 ETH (roughly $66,000). On the other hand, the price of Ethereum is on an upward trajectory and has reached $3,717. Floor price is a metric used to gauge the popularity of an NFT project at a particular time. It represents the lowest price a seller is willing to accept for an NFT in a collection and can vary slightly across platforms. CoinGecko reported that BAYC’s floor price reached a low of 17.99 ETH, or approximately $70,000, on Sunday before…
Vitalik Buterin, the founder of Ethereum, recently offloaded a notable chunk of his ETH holdings. The transaction, tracked by blockchain experts, raises questions about Ethereum’s price stability. Yet, despite this, crypto analysts’ optimism regarding the asset’s future trajectory persists. Ethereum’s Fate After Vitalik Buterin’s Sell-Off Buterin has sold a significant amount of Ethereum (ETH), amounting to approximately $100,000. According to the blockchain security company PeckShield, the transaction involved the transfer of 30 ETH to Railgun. It was followed by a swap of roughly 27.63 ETH for 100,000 USDC, which were then bridged to the Base blockchain. This action by Buterin…
The SEC approved spot Bitcoin ETFs, making a landmark decision for the Bitcoin and cryptocurrency industry. At this point, while Bitcoin did not react as big as expected to this decision, altcoins attract attention with their rise. At this point, while BTC rose above $ 46,000, the largest altcoin Ethreum (ETH) increased by approximately 10% in the last 24 hours and rose above $ 2,600. While the interest of the market and investors continues to be on ETF approval news, critical inflation data expected from the USA has been announced. Here is the announced data: Consumer Price Index Monthly: Announced…
On-chain data reveals that Cardano has a robust investor community, with a significant size of holdings unmoved in five years. The cryptocurrency industry is rife with investors and traders chasing the latest shiny thing and seeking opportunities to grow their investments on a whim. However, some investors believe in high conviction and long-term plays, as evidenced by recent on-chain data on the Cardano blockchain network. According to IntoTheBlock data, around 23% of Cardano holders have held the cryptocurrency for at least five years. During this period, the price of ADA went from $0.04 to nearly $3 and has since declined…