Author: NBTC

Ethereum Price Prediction: ETH, the leading alternative cryptocurrency, has witnessed a remarkable uptrend, breaking the $2,600 barrier with strong bullish momentum. In the last 24 hours, Ethereum has surpassed this critical level and touched $2,650, marking a significant 5% increase. This growth comes amidst a broader market rally, with Ethereum showcasing solid performance within an ascending channel. The trading volume for Ethereum has seen a dramatic increase, with a reported $22.32 million traded, marking a 222% spike. This uptick in activity has bolstered Ethereum’s market capitalization to $318 billion. Securing ETH’s position as the second-largest cryptocurrency with a 6% rise…

In a three-part Insights series, Ripple unveils the big vision of tokenization. It said that 72% of the more than 1,700 finance leaders who participated in Ripple’s recent global survey expect to explore tokenization within the next three years, cementing the technology’s position as a cornerstone of innovation. The increased interest in and use of tokenization may be traced back to the numerous advantages that blockchain technology provides. Tokenization is reshaping the future of finance, offering the promise of enhanced transparency and increased accessibility.Part II of our tokenization series details how companies are unlocking value and navigating an evolving digital…

BlackRock, a global asset management leader, is stirring interest within the cryptocurrency community by hinting at the potential launch of an XRP-based exchange-traded fund (ETF). Although the firm hasn’t officially confirmed plans for an immediate spot XRP ETF filing, speculation has heightened following cryptic comments from BlackRock CEO Larry Fink and the company’s involvement in other cryptocurrency ETF proposals. The U.S. Securities and Exchange Commission’s (SEC) continued legal battle against Ripple, the company behind XRP, has raised doubts regarding the potential approval soon. You might also like: Bitget Token corrects after reaching all-time high at $1, gains 50% in a…

A crypto investor, Fred Krueger, thinks Ethereum is overvalued at spot rates. Referring to X, Krueger added that  Ethereum supporters are “detached from reality” after ETH, the native currency, recently broke above $3,000. The investor pointed to the general declining on-chain activity, fierce competition from alternatives like Solana and Avalanche, for instance, and regulatory uncertainty that makes holding the coin risky. Ethereum Is Slow And Usage Is Shrinking Krueger argues that Ethereum’s on-chain transactions could be faster and cheaper. In the current landscape marked with scalable and low-fee alternatives, either built on Ethereum or existing as independent chains, the chain’s…

Crypto intelligence platform DappRadar says the total value locked (TVL) in the decentralized finance (DeFi) sector surged to a level not seen in over a year. DappRadar notes in a new analysis that total DeFi TVL increased by 7% in January and reached $110 billion, the highest since 2022. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem. DappRadar radar says the jump in overall TVL indicates a “resurgence in the market.” “This surge in DeFi’s TVL is partly attributed to growing optimism about…

Bitcoin Ordinals project Taproot Wizards saw robust uptake for its inaugural “Quantum Cats” digital-art sale on Monday, despite severe tech issues that delayed the planned mint three times last week. With almost two hours left for whitelisted buyers to claim the NFT-like collectibles, at least 2,570 of the series of 3,000 had been claimed, at a fixed price of 0.1 BTC ($4,274 each) – for total revenue of roughly $11 million. Such proceeds would already exceed the $7.5 million that Taproot Wizards raised last year from investors, amid a wave of enthusiasm for the Ordinals inscriptions, sometimes referred to as…

The tides are gradually turning in favor of Grayscale Bitcoin Trust (GBTC) with the Exchange Traded Fund (ETF) now recording positive Premium. Since the spot Bitcoin ETF products were greenlighted by the US SEC, Grayscale’s GBTC has recorded substantial outflows. The product’s substantially high fees of 1.5%, much higher than others, resulted in an exodus of investors. The tides are, however, changing with the outflows in reversal mode. CryptoQuant co-founder and CEO Ki Young Ju called attention to this trend change earlier on X. Grayscale GBTC by the Data As of the last update from CryptoQuant, Grayscale’s GBTC is the…

Avalanche (AVAX) has a challenging week ahead with a sell-off of nearly $400 million worth of tokens. This is part of Avalanche’s unlocks from the Genesis distribution, summing up to the usual proof-of-stake (PoS) issuance. On February 21, vesting contracts will release 9.54 million AVAX worth $376.61 million at press time prices. Finbold retrieved this data from TokenUnlocksApp on February 17. Notably, Avalanche dominates the platform’s total cliff unlocks of $433.94 million for the next seven days by over 86%. In particular, this massive unlock amounts to 2.6% of Avalanche’s current circulating supply of 367.51 million AVAX. Additionally, it is…

2023 was rough for cryptocurrency prices and the overall state of the market. But it also saw the birth of many narratives and catalysts for many cryptocurrency projects and ecosystems, with some of them seeing explosive, overnight surges in total value locked (TVL) and others growing more organically. One thing is true: capital, research, and development (besides the hard work) are being poured into new technologies and features that could bring a wave of improvements to decentralized finance (DeFi). This article will explore these technologies and some of the best-performing protocols and cryptocurrency narratives. zkEVM The zkEVM ecosystem has recently…

Mainstream media reports might tell you that NFTs are dead, but the holder of a CryptoPunks NFT said he wanted to prove them wrong—by taking out a seven-figure loan on one of the rarest assets in the prominent profile picture (PFP) collection. “Here we are, four or five months removed from an article in Rolling Stone saying that NFTs are worthless,” collector and entrepreneur Gmoney said today on Rug Radio’s live “FOMO Hour” show. “And so I was like, ‘Well, what better way to show that these are not worthless if I can get a million-dollar loan against an NFT,…