Author: NBTC

A recent trend in the cryptocurrency market mid-year led to the emergence of thousands of new tokens. While some projects offered substantial profits, others ended in rug pulls. During this period, an astute cryptocurrency investor capitalized on multiple meme coins, reaping significant profits through strategic transactions. Strategic Meme Coin Investments According to Lookonchain, the investor focused primarily on Toncoin (TON) and Telegram ecosystem-related cryptocurrencies. Despite incurring some losses, the investor’s overall profit rate remained high due to timely trades. One notable transaction involved the purchase of Resistance Dog (REDO) coin. Following a change in the TON blockchain logo to REDO,…

AlpacaMoney has recently unveiled a unique collaboration with an open-source modular blockchain infrastructure NULS. The partnership between AlpacaMoney and NULS targets to combine both the platforms’ strengths to establish a relatively versatile and interconnected ecosystem. AlpacaMoney took to its official X account to provide insights into this initiative. 🚀 Thrilled to announce our partnership with @Nuls! #NULS, an open-source modular infrastructure, will leverage #AlpacaMoney’s powerful social tools and asset hub capabilities to bridge multi-chain assets to #TON and #NULS. This will introduce more assets and use cases to the… pic.twitter.com/QByNqYpgDL — AlpacaMoney (@AlpacaMoneyX) September 8, 2024 AlpacaMoney Joins Forces with…

A widely followed analyst is expressing bullish sentiment on Bitcoin (BTC) days after the flagship cryptocurrency fell to a six-month low. The analyst pseudonymously known as Rekt Capital tells his 487,400 followers on the social media platform X that Bitcoin is “still on track for a September breakout.” To achieve that, trader says that Bitcoin needs to get back above the “re-accumulation range low” located at the $60,600 level. Source: Rekt Capital/X Bitcoin is trading at $57,239 at time of writing. According to Rekt Capital, CME gaps have formed in the Bitcoin re-accumulation range that exists between $60,600 and $71,500.…

VanEck announced today its decision to close and liquidate its Ethereum Strategy ETF, which is listed on the CBOE. The Ethereum (ETH) ETF fund (ticker symbol ‘EFUT’) will cease trading after the market closes on Sept. 16, according to a VanEck press release, with liquidation expected around Sept. 23. Shareholders who still hold EFUT shares on the liquidation date will receive a cash distribution based on the net asset value of their holdings. The decision follows VanEck’s regular evaluation of factors such as “performance, liquidity, assets under management, and investor interest, among others.” According to the release, these criteria and…

With the cryptocurrency market evolving, several coins promise potential growth by 2024. Due to their new technologies, applications, and high community demand, these altcoins are gaining investors’ attention besides Bitcoin and Ethereum. This article will discuss five altcoins that could deliver massive gains next year, each presenting something unique to the market. Ethereum(ETH): The Premier Smart Contract Platform Nevertheless, Ethereum is essential in the new generation of cryptocurrencies due to its outstanding intelligent contract offerings. Ethereum’s new upgrade to Ethereum 2. 0 enhances its scalability; this premiere altcoin is ready to keep up the pace of its stunning performance and…

Magic Square and Exodus have partnered to boost Web3 accessibility and security through Passkeys integration. Magic Square is boosting the adoption of crypto products through its pioneering Web3 App Store. Binance Labs-backed Web3 App Store Magic Square has announced a partnership with Exodus Movement, a US-based firm for Passkeys wallet integration. Through this integration, Magic Square aims to enhance the user experience on its platform by delivering a simple-to-use interface and industry-leading security. Details of the Partnership According to the announcement, Magic Square will introduce Exodus’s Passkeys Wallet into the ‘Magic Store’ and ‘Magic Launchpad.’ This integration will allow users…

Bitcoin is showing signs of a potential rise, according to recent technical charts and data from CryptoQuant. The charts reveal that Bitcoin is forming a bullish flag pattern. This pattern often suggests that a price increase could be on the way in the next few months. #Bitcoin forming an ascending flag pattern“Examining the on-chain NetFlow chart shows the increasing pressure to buy Bitcoin. This is a confirmation of Bitcoin’s technical pattern.” – By @CryptoOnchain Full post 👇https://t.co/CdrZvMbkkv pic.twitter.com/pDtY4e37XD — CryptoQuant.com (@cryptoquant_com) August 8, 2024 Onchain Data Shows Strong BTC Buying Trend A bullish flag pattern is a technical analysis that…

ETH/BTC, a metric of Ethereum (ETH) price in Bitcoins (BTC), plummeted to levels unseen since April 2021. CryptoQuant experts demonstrate how Ethereum (ETH) lost its supremacy in terms of network activity, tokenomics and more. ETH/BTC price tumbles to 40-month lows, CryptoQuant says The ETH/BTC ratio, a critical metric for the global blockchain ecosystem, dipped to 0.0425. This is the lowest level for this indicator registered since April 2021. Such calculations were shared by CryptoQuant, a major on-chain analytics team, in a recent X thread. #Ethereum is down 44% against #Bitcoin since The Merge in Sept 2022.ETH/BTC is now at 0.0425,…

As the year 2024 draws nearer, cryptocurrency investors and analysts are looking forward to the market for exceptional returns. These assets have exhibited excellent stability: Tether (USDT), Solana (SOL), Bitcoin (BTC), Binance Coin (BNB), and Toncoin (TON). Bitcoin(BTC): The Ubeatten Leader in Digital Assets Bitcoin often referred to as the king of cryptocurrencies, has a market capitalization of $19.745B. Its Decentralized blockchain structure makes it one of the safest assets for investors. With increasing support from institutions and improved policy frameworks on cryptocurrencies, Bitcoin’s prospects for becoming an even more dominant figure in the digital asset market are expected to…

Austrian economics dominates the discourse on bitcoin, but it is not the only heterodox economic theory that describes the importance of a type of money that sounds strikingly like bitcoin. Aspects of degrowth and ecological economics promote an end to fiat and inflationary currencies. While we often focus on the benefits of bitcoin mining for the current energy transition away from fossil fuels, bitcoin has an even more important role to play in transitioning our societies to a sustainable and more equitable world. Bitcoin’s energy consumption is both trivial and not trivial at the same time. The network consumes less…