Author: NBTC

ApeChain, a new Ethereum layer-2 network, was launched by the ApeCoin DAO on Sunday at ApeFest Lisbon, leading to APE doubling in price. The anticipated mainnet launch of the Bored Ape Yacht Club-aligned network came with numerous apps and games, including a meme coin launchpad, a leverage trading simulator, and other games. Earlier this year, more than half of the ApeCoin DAO’s voting power went towards selecting Arbitrum technology to power the new scaling network—beating out other Ethereum scalers like Polygon and zkSync. This followed Bored Ape creator Yuga Labs publicly suggesting that the DAO should launch its own chain…

A whale with $181M in profits on Bitcoin just added 200 BTC, showing confidence despite recent price swings. Bitcoin faces key resistance at $63,285, but bullish MACD signals could push momentum upward in the near term. BlackRock shifts focus, selling 182 BTC and buying 7,574 ETH, signaling potential confidence in Ethereum’s future. The price of Bitcoin is still strong trading at $62,939, above its exponential moving average (EMA) of $62,203 for a 30-period period. A smart whale has profited from Bitcoin trades for over $181 million, and it recently added 200 more BTC to its portfolio. This move reflects growing…

Ethereum (ETH), the second largest cryptocurrency by market capitalization, recently saw a significant surge in activity, fueled by a remarkable increase in large transactions. According to Ali, a crypto analyst, Ethereum’s weekly transaction volume skyrocketed by over 300%, with an impressive daily large transaction volume of $17.15 billion recorded on Dec. 7. Ali noted that “Large Ethereum transactions are surging. The weekly transaction volume has skyrocketed by over 300%, hitting $17.15 billion.” Large #Ethereum transactions are surging! The weekly transaction volume has skyrocketed by over 300%, hitting $17.15 billion today. pic.twitter.com/3cBBG48RgR — Ali (@ali_charts) December 7, 2024 The surge in…

The meme coin community has been anticipating a Dogecoin (DOGE) rally for many months. While the coin has already secured gains, it is still far away from the previous highs. However, DOGE has been gaining momentum in the last few days. More metrics are now giving bullish signals, hinting toward an impending mega rally. According to data from CoinGlass, the trading volume of DOGE has skyrocketed 33.75% over the past day. Currently, at the massive $3.57 billion level, the rising trading activity is expected to give a boost to the Dogecoin price. This metric tells us about the current investor…

What if Bitcoin keeps on its current trajectory of near-exponential growth? To put this in perspective, consider the chart of the logarithm of Bitcoin’s price, and let’s forecast it forward. I’m calling this approach the exponential model because I am taking the natural logarithm of the Bitcoin price, and then applying the exponential operator to reverse out the predicted price. Logarithms are useful tools for linearizing exponential phenomena, and Bitcoin’s price is one example of such a phenomenon. A phenomenon with exponential growth will look roughly linear in logarithm space, so that chart looks like: The data runs for the…

The crypto market continues to show strength, with Bitcoin eyeing the $70,000 psychological level. Amidst the broader market optimism, well-informed investors are now eyeing crypto airdrops as a potentially lucrative avenue. For investors and crypto enthusiasts, these airdrops offer the chance to acquire new tokens and join the vibrant crypto communities. Airdrops aim to distribute free tokens while attracting new followers and expanding user bases. This week, there are four significant airdrops to watch. SupraOracles: Countdown to Blast off SupraOracles is airdropping free SUPRA tokens after the Snapshot on October 21. The fundraiser raised $26.52 million, and participants included Coinbase…

“If you want to win, you need a Bitcoin strategy” — that’s how Michael Saylor, the CEO of MicroStrategy and one of the main players in the crypto market, titled his new post on X. Saylor is known for his extremely bullish views on the major cryptocurrency, which he doesn’t forget to confirm with almost daily Bitcoin-focused statements on social media, sometimes viral, sometimes unconventional, sometimes shocking and sometimes insightful, which have already become part of the crypto market lore. The most recent one, however, is more insightful, as Saylor plotted the performance of MSTR stock against other top-performing stocks…

Magnetic X, the leading decentralized exchange on XRP Ledger (XRPL), has introduced Memepad, a launchpad for meme coins on the XRP network. The platform aims to foster innovation in the meme coin sector by allowing users to launch their own tokens on XRPL. Magnetic X’s meme coin launchpad sets a target for total value locked (TVL) and offers a partnership opportunity once the TVL surpasses 50,000 XRP tokens. This collaboration could extend to farming, promotion, and project development assistance. Creating and launching a token is straightforward, with full guidance available on Memepad’s webpage. Importantly, Magnetic X does not impose fees…

Despite Bitcoin’s price correction 287 days after its most recent halving event, on-chain metrics suggest fundamentals remain strong. Analyst TheLordofEntry has shared insights into key indicators that show a rise in continued demand and strong holder behavior. This strength is despite the recent short-term volatility. Bitcoin reserves on exchanges hit an ALL-TIME LOW! 📉Bitcoin reserves on exchanges have continued to decline, suggesting that investors are opting to hold rather than sell. pic.twitter.com/jrefZIrtdM — TheLordofEntry (@thelordofentry) October 13, 2024 Bitcoin exchange reserves hit all-time low One of the most important fundamentals is the drop in Bitcoin (BTC) reserves on cryptocurrency exchanges…

The Shiba Inu (SHIB) ecosystem is experiencing an increased Fear, Uncertainty and Doubt (FUD) rate. Per an earlier U.Today report, Lucie, the official SHIB marketing lead, acknowledged that FUD has soared to an all-time high. Although she dismissed the FUDders as just speaking negatively to seek attention, the issue appears to linger. Lucie’s aggressive strategy to tackle FUD In a recent X post, Lucie said she has adopted an aggressive strategy to address FUD in the Shiba Inu community. She said these social media accounts generally post negative and misleading information. She emphasized that such accounts were created to seed…