Author: NBTC

As the flagship cryptocurrency Bitcoin has staged an impressive rally and surpassed the $71,000 price level, many altcoins are following suit on the market. Among them is the second largest canine-themed coin, Shiba Inu (SHIB). SHIB flips AVAX, ADA right ahead During the last 24 hours, it has printed a more than 11% price increase and has seen its market capitalization value soar by 9.3%. Now, it stands at $11.02 billion, according to CoinMarketCap. SHIB is now trading at $0.0000187 and has flipped Avalanche (AVAX) in terms of market capitalization. Now Shiba Inu occupies the 12th spot on the above-mentioned…

Peter Brandt, a veteran trader with over 50 years of experience on the financial markets, including crypto, has shared a new outlook on the price of Bitcoin (BTC), predicting a major rise for the major cryptocurrency. The analysis focuses on the seven-month inverted expanding triangle, a key technical pattern that has been in place since March of this year without being breached. This pattern of lower highs and lower lows, according to the trader, signals that Bitcoin remains primed for a major move higher to as high as $150,000 per BTC. Putting his money where his mouth is, Brandt revealed…

Ethereum is consolidating below the $3,455 resistance level, forming a bullish pattern. Support at $3,292 holds steady, providing a base for potential upward movement. A breakout above $3,455 could lead to price levels between $3,600 and $3,700. Ethereum is trading slightly below the all-important $3,455 resistance level, and it is beginning to present a bullish pattern. With XRP trading at a significant and volatile range, traders are waiting for another shift that might drive the cryptocurrency to $3,600 to $3,700. This phase of consolidation shows the struggle between the upward movements and the resistance levels of shorter time frames. Support…

Twitter owner and Tesla CEO Elon Musk appears to have inspired multiple meme coins to run as he continues to tour the United States with Donald Trump’s presidential campaign. This includes a micro-cap Solana token launched via Pump.fun spiking by 10,000%, as well as other Musk-inspired tokens posting double-digit gains. Musk has joined Trump on stage multiple times over the past month, as the world’s richest man has been touted to run the potential future Department of Governmental Efficiency (D.O.G.E.) if the former president gets a second term. With an acronym that is identical to Dogecoin’s ticker, the original meme…

The current OI is more than double the level seen during Ethereum’s all-time high in November 2021. Ethereum’s (ETH) Open Interest (OI) surged by 8.9% in the past 24 hours, reaching a record high of $22 billion. Ethereum (ETH) could soar by 15% to reach the $4,100 level if it closes a daily candle above the $3,550 level. Despite a bearish outlook across the cryptocurrency landscape, Ethereum (ETH), the world’s second-largest cryptocurrency, is poised for a notable upside rally. A bullish price action pattern and record interest from traders support this positive outlook. Ethereum Open Interest Hits Historic High On…

Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million. Kraken, a major U.S. crypto exchange, shared last week that it would launch a layer-2 called Ink, relying upon the Optimism’s blockchain ecosystem’s OP Stack framework – and become part of the fast-growing “Superchain” that also includes layer-2 networks from the crypto exchange Coinbase along with the electronics giant Sony and decentralized exchange…

Ethereum (ETH) price has climbed 46.11%, marking impressive growth but still making it the second-worst performer among the top 10 largest cryptocurrencies. Its recent rally is supported by increasing whale accumulation and a 7-day MVRV signaling neutral to slightly bullish sentiment. However, key resistance at $3,600 could determine whether ETH continues its upward trajectory toward $4,000 for the first time since December 2021. On the downside, a reversal could lead to a significant correction, with strong support at $3,000 and a potential drop to $2,359 if bearish pressure intensifies. ETH 7D MVRV Shows An Important Threshold To Be Surpassed Ethereum…

The GRASS token has experienced a remarkable surge, rising 27.25% in the past 24 hours to trade at $1.03. This increase follows the completion of an extensive airdrop on the Solana network, which marked a significant milestone for the project and its community. With trading volume soaring 125% to $280.94 million, the GRASS token has been gaining attention after it surpassed the psychological barrier of $1. GRASS has overcome its Airdrop challenges Grass aims to revolutionize the web-crawling landscape, currently dominated by just two companies. By harnessing the power of over 3 million users running nodes to scrape petabytes of…

On Oct. 21, 2024, bitcoin is trading at $68,322, supported by a market cap of $1.35 trillion. The cryptocurrency saw a 24-hour trading range between $68,145 and $69,431, with a trading volume reaching $28.79 billion. Technical indicators from multiple time frames present a mixed picture, highlighting crucial entry and exit points for traders. Bitcoin In the 1-hour chart, bitcoin recently peaked at $69,487 before encountering a downward correction marked by several red candles. While high volumes preceding the peak signaled strong buying interest, the subsequent correction phase witnessed lower volumes, suggesting that selling pressure remains moderate. A potential short-term reversal…

Non-fungible tokens (NFTs) are evolving to create more “value and utility” for their creators and users, according to a recent panel discussion on “Navigating the Evolving NFT Landscape” at the TEN by RARI x Refraction event in Bangkok. While the creator economy is the “flagship use case” of NFTs for consumers and retail, “There’s going to be a lot of other applications of NFTs which are just in the backend,” ​Jana Bertram, Head of Strategy at RARI Foundation, told Rug Radio creator Pukerainbow. DevCon was optimal for catching up and hearing from the community and industry leaders on crypto, NFTs…