Author: NBTC

There is a community on X whose members call themselves Irresponsibly Long MSTR. They believe that MicroStrategy has substantial upside, even after its 538% year-to-date rally. Although members have a range of personal forecasts, there are some who believe the company can trade to a 10X valuation of its bitcoin (BTC) holdings. For context, MicroStrategy is currently trading at 2.5X the value of its 386,700 BTC. If that multiple were to grow to 10X, the company’s market capitalization would rally from today’s $90 billion to $364 billion. At a 10X multiple, the company would be worth more than Coca-Cola, Wells…

Evaluating a decentralized finance (DeFi) protocol requires analyzing its mechanics and token distribution. As per the report shared by IntoTheBlock, organizations are interested in how the protocol creates long-term economic value while minimizing reliance on short-term token incentives. The market’s fluctuating nature means that sustainable mechanics must be retained to allow the user to continue participating. Large-scale deployments in DeFi protocols transcend hype. They demand a thorough assessment of risks, protocol resilience, and capacity. Explore our in-depth analysis in our latest article👇https://t.co/L0yi3FS5kE — IntoTheBlock (@intotheblock) January 5, 2025 Tokenomics evaluation plays a critical role in assessing the protocol’s long-term viability.…

Ethereum’s price is finally showing signs of bullish continuation after reclaiming a key level. However, there is still work to do for the market to pave its way toward a new all-time high. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has rebounded from the $3,200 support level and broke $3,500 to the upside. If the asset is able to hold above this area, a rally toward the $4,000 level could be expected in the short term. With the RSI also showing values above 50%, the momentum is bullish once again, which adds…

Hunter Horsley links corporate power consolidation to crypto demand. The CEO of Bitwise Asset Management, Hunter Horsley, has suggested that the economic policies of the Trump administration could have a major impact on the cryptocurrency sector. In a recent tweet, Horsley noted that the potential deregulation of mergers and acquisitions could allow major companies like Google or Amazon to expand even further through strategic acquisitions. M&As refer to the consolidation of companies, either through the merging of businesses or the purchase of one company by another. This process often helps corporations achieve economies of scale, expand market share, or acquire…

Chainlink (LINK) experienced a massive price surge of 36% today, hitting a high of $26.26 amid heightened whale activity. A significant whale purchase of 269,861 LINK tokens, valued at $6.68 million, has sparked discussions about its potential market impact. The price of $LINK has surged 36% today!A whale bought 269,861 $LINK($6.68M) in the past 12 hours.The whale spent $2.6M to buy 107,838 $LINK at $24.1 on DEX and withdrew 162,024 $LINK($4.08M) from #Binance.https://t.co/Zuxgpk23Sm pic.twitter.com/hNQ65oZkfi — Lookonchain (@lookonchain) December 3, 2024 Lookonchain said, Chainlink’s price jumped to $26.26 earlier today, marking a 36% increase in 24 hours. This price rally follows…

Nichome has launched its platform designed to incentivize user engagement within the Neo X ecosystem. To kick things off Nichome has opened Izakaya Season 1, giving users the first opportunity to earn GAS rewards and other future opportunities by interacting with Neo X projects. Nichome’s platform centers around its Treasure Chest mechanism, which allows users to stake GAS to receive chests containing potential rewards. To unlock a chest, users need to collect X Credits to obtain a KEY. X Credits can be earned by performing daily tasks, interacting with ecosystem projects, and bridging and staking NEO and GAS assets. Unlocking…

Bitcoin (BTC), which rose to the $100,000 mark last week, fell by more than 7% in the last 24 hours and fell to $91,500. While these declines have investors panicking, CryptoQuant CEO Ki Young Ju said that declines in Bitcoin are normal. CryptoQuant CEO X reminded that Bitcoin is still in a bull market in his post and said that Bitcoin could experience a 30% drop even during a parabolic uptrend. Citing 2021 as an example, Ju stated that such pullbacks occurred repeatedly during Bitcoin’s rise from $ 17,000 to $ 64,000 in 2021. Additionally, Ju stated that he does…

Ending the year on a high note, December’s sales of non-fungible tokens climbed to $877 million, making it the second-best month in 2024. Blockchain-based digital collectibles had a strong December, with $877 million in sales, making it the second-best month of 2024. This boost wrapped up a wild year for the NFT market, which saw a sharp recovery in the last quarter. CryptoSlam data shows that NFT sales for 2024 finished at $8.83 billion, surpassing 2023 by over $100 million. While the 1.1% growth might not seem huge, it highlights the market’s ability to bounce back after months of falling…

Donald Trump announced in a post via X that he plans to renew the Trump Tax Cuts, which were the largest in history, and eliminate the tax on tips. Trump also said he would unleash American energy, which will be made up of tariffs from countries that have taken advantage of the U.S. for years. The president-elect urged the Republicans to unite and quickly deliver the aforesaid victories for the American people. He also implored the Members of Congress to send the Bill to his desk for his signature as soon as possible. Trump seeks to renew Trump Tax Cuts…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Coinbase is making a lot of money from Solana traders these days, but the influx of demand is also causing some headaches for America’s largest crypto exchange. Coinbase is receiving more Solana send and receive requests “than ever before,” according to an employee, and so-called dusting attacks have become commonplace, causing Coinbase to take longer than usual to show SOL transactions on users’ accounts. This gets at an interesting problem Solana faces: While the blockchain processes data very quickly, the venues that need to make use of…