Author: NBTC
A cryptocurrency strategist is forecasting the path forward for Bitcoin (BTC) after a double-digit rally over the past couple of days. The crypto analyst pseudonymously known as Rekt Capital tells his 59,700 YouTube subscribers that as the halving scheduled for April approaches, Bitcoin’s current price performance appears to be more bullish than in previous pre-halving periods. “When we look at historical performances in the 60 days before the halving, we tend to see pre-halving rallies. And this is a pre-halving rally as well. But the point is here that this is overperforming, this is outperforming.” Source: Rekt Capital/YouTube According to…
As the larger part of the cryptocurrency sector starts to return to its previous bullish trend, Ethereum (ETH) has been among the trendsetters, showing signs of more impressive gains in the future despite the increased regulatory compliance scrutiny from the United States Securities and Exchange Commission (SEC). Indeed, Ethereum holding the area at above $3,500 could help it skyrocket to $5,000 and more “soon enough,” despite the “classic ‘vaguely worded [fear, doubt, uncertainty, or] FUD’ while at support, according to an X post by pseudonymous crypto analyst CryptoJelleNL published on March 21. Ethereum price prediction amid scrutiny As it happens,…
The price of XRP in the XRP/USDC pool has dropped to $0.34 worth of USDC, as market participants continued to make single side deposits shortly after the XRPL AMM launched. The XRPL ecosystem has finally welcomed a native automated market maker (AMM) functionality after two years of exploring the idea. While the advent of the AMM presents immense opportunity for market participants and builders alike, its risks are worth considering. One such risk comes from single-sided deposits to liquidity pools, which could drastically impact the price of one of the pool’s assets. Data spotlighted by XRPL validator Vet indicates that…
On-chain ticketing platform OPEN announced its launch aimed to improve efficiency in the $85 billion global ticketing industry through blockchain. Backed by Animoca Brands, Merit Circle, Redbeard Ventures, and the Tezos Foundation, OPEN offers ticketing infrastructure and tools running on Polygon, Base Layer, Solana, and Tezos blockchains to restore control to event organizers, artists, and fans. OPEN shares in the announcement that ticketing is the next big industry for true disruption by the Web3 and real-world assets (RWA) approach, and on-chain ticketing is the number one Web3 onboarding method for mainstream consumers. The company also revealed the launch of its…
Julio Moreno, the Head of Research at Cryptoquant, has noticed a surge in demand among Bitcoin holders. He has found that data from Cryptoquant reveals an all-time-high inflow of Bitcoins into addresses that only receive but never spend, also known as accumulation addresses. Latest on #Bitcoin 🧵:There’s record high demand as seen in record-high inflows into accumulation addresses (addresses that only receive Bitcoin and never spend). pic.twitter.com/JsFCQJYbhp — Julio Moreno (@jjcmoreno) March 2, 2024 In a recent post on X, Moreno shared how Bitcoin inflows into accumulation addresses increased significantly during the recent Bitcoin rally. However, he also noted that…
Following a notable rejection at the substantial $4K price level, Ethereum underwent a corrective phase, experiencing a significant 25% decline. However, as the price neared the significant support of the 0.618 Fibonacci level, a rebound occurred, suggesting the potential for an impulsive surge. By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals a prevailing bullish sentiment surrounding Ethereum, with the price briefly surpassing the critical and psychological resistance at $4K. However, upon reaching this crucial level, the price encountered intensified selling pressure, resulting in a significant retracement towards the substantial support zone, delineated by the price…
XRP community shifts focus to XRPL’s AMM for increased profits. Trader boosts XRP holdings by 93 XRP in under two hours. XRPL integration of stable currencies promises financial liberation. Following XRPL’s AMM feature launch, members of the XRP community are shifting their focus from traditional exchanges to the XRP Ledger’s Automated Market Maker (AMM) to maximize their profits amidst the volatile crypto bull market. 🔊🔊🔊🔊🔊🔊🔊🔊🔊🔊🔊🔊🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀To #XRP Community: The time has come to transition XRP from traditional exchanges to XRPL’s Automated Market Maker (AMM). By doing so, you stand to accumulate more XRP, especially during this volatile crypto bull market. Unlike……
In the sands of Arrakis and the bustling markets of feudal Japan, trade is the lifeblood of society. Just as the characters in Dune and Shogun navigated intricate webs of alliances and commerce, businesses face similar challenges in today’s complicated global trade landscape. Yet, as supply chains become increasingly complex, it’s blockchain technology that is up to the task of revolutionizing and modernizing trade finance, offering a transformative solution to the persistent trade finance gap. While trade may sound like a complex conversation, two recent releases covering the subject have drawn massive audiences. Dune: Part Two has generated over $490…
Recently, attention of one of the most experienced traders in the industry, Peter Brandt, has turned toward Bitcoin, the pioneer digital asset, as it exhibits compelling price movements that could indicate a significant buying opportunity. Analyzing the price action of Bitcoin, we have observed a substantial 233% increase in its value on a daily closing price basis since Sept. 11. Notably, the most considerable closing price retracement experienced by Bitcoin was a modest 15.7% from Jan. 8 to Jan. 22. Such resilience in price is indicative of strong market sentiment and underlines the asset’s robust nature amid the volatile crypto…
Ethereum (ETH), the second-largest cryptocurrency and the world’s leading smart contract platform, has achieved a significant milestone, surpassing 400,000 daily active users. This surge in user activity comes as decentralized finance (DeFi) applications, non-fungible tokens (NFTs) and other decentralized applications (dApps) continue to gain traction within the Ethereum ecosystem. Over the past few years, various solutions have emerged to help the Ethereum network process more transactions in aggregate. Roll-ups are blockchains that execute transactions externally to the Ethereum blockchain, utilizing a separate execution environment. They aggregate batches of transactions occurring on the rollup and anchor them into a single transaction,…