Author: NBTC

The most expensive CryptoPunk ever sold changed hands on Monday for an undisclosed sum, amidst a historic downturn in the value of “blue chip” NFTs. CryptoPunk #5822—one of nine ultra-rare Alien Punks in the collection of 10,000 Ethereum NFTs—previously sold for nearly $24 million to crypto executive Deepak Thapliyal back in February 2022. Early Monday, Thapliyal announced he had finally parted ways with his Punk, without disclosing who he sold it to, or for what price. Decrypt reached out to Thapliyal regarding the sale but did not immediately receive a response. On-chain data confirms CryptoPunk #5822 was sent from the…

Ethereum (ETH) has been trading below the $2,800 level, or the 21-day SMA, since August 8. Price analysis by Coinidol.com. Buyers tried to hold the price above the moving average lines last week but failed to do so. The upward movement encountered strong resistance at the 21-day SMA and 50-day SMA, which led to the decline. Long-term analysis of the Ethereum price: bearish Ether is correcting upwards and retesting the $2,800 resistance level or the moving average line. On the weekly chart, Ether will rally to the high of $3,200 or the 21-day SMA if buyers keep the price above…

Clicker game Notcoin has seen its token fall 14% today amid a broader market rout. What’s more, its teased fresh start seems to have left fans confused on where the project is heading. Last week, a cryptic message in the Telegram chat pointed to a “fresh start” for the project hinting at a possible collaboration with The Open Network (TON) NFT project Lost Dogs. On Wednesday, a mysterious passage posted on social media began a new narrative for the viral Telegram game with a dog being born from a Notcoin. Rather than exciting the community, it appears many are just…

Bitcoin is trading for $59,545, a slight increase of 0.5% in the past 24 hours. Although little, this surge in its price is quite noteworthy as it comes against the backdrop of Bitcoin’s price plunging as low as $57,812 earlier today. Regardless of this modest recovery, a recent analysis by a CryptoQuant author on the CryptoQuant QuickTake platform has revealed that Bitcoin might now be approaching a precarious position. Bears At The Gates? Analyzing BTC’s Vulnerable Stance According to the CryptoQuant analyst Grizzly, Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric—a tool used to gauge the market’s profit or loss status by…

This week has experienced a noteworthy change in the DeFi sector in terms of the highest total value-locked growth. As per the data from Tyrano Analytics (a prominent DeFi analytics provider), ICPSwap, MARSWAP, Mint Club, Bluewhale, and Kinetic took the top positions among the DeFi projects in the case of total value-locked growth. ICPSwap Dominates Top DeFi Projects in Terms of TVL Growth with an 1156% Spike According to Tyrano Analytics, ICPSwap witnessed a significant TVL of up to $65.04 million this week. In this respect, the DeFi project made a more than 1156% jump. Hence, ICPSwap effectively obtained the…

The crypto market has been challenging, and Ethereum (ETH), the second-largest cryptocurrency, is no exception. Despite its dominant position, the token has faced significant headwinds in recent weeks, with its price showing no signs of a sustained recovery. Key Metrics Point To Continued Bearishness According to crypto analyst Ali Martinez, some of the largest Ethereum whales, holding over 10,000 ETH, have been steadily selling their tokens over the past month, with no indication of slowing down. This mass exodus of large investors has contributed to ETH’s 26% price drop over the last 30 days, narrowing its year-to-date gains to just…

Over the past few weeks, Solana has been dominated by a series of quick celebrity-endorsed cash grabs, in a memecoin frenzy that refuses to run out of steam. Kicked off by WIF, BONK, and a variety of political-themed tokens — which are generally down from their peaks in early spring — Solana’s meme coin launchpad pump.fun is still seeing plenty of action, raking in more fees than the entire Ethereum network earlier this week. Read more: $10M accidentally burned as Solana memecoin craze continues More recently, the focus has been on so-called ‘celebcoins,’ which may or may not be endorsed…

Analyst Josh of Crypto World has observed that Bitcoin is continuing its bearish trend, with the price now testing a critical support level. A new signal has also emerged for the broader crypto market. The Bitcoin chart continues to show bearish signals, as indicated by the SuperTrend indicator. Over the past day, the bearish trend remains unchanged, with Bitcoin forming lower highs and lower lows. The current price action is developing within a descending broadening wedge pattern, where resistance is around $68,500 and support is near $53,500. Although the overall trend is bearish, occasional bullish movements are still possible. The…

Miner Extractable Value (MEV) is a strategy that miners can use to make more money when validating transactions. This works by reorganizing, including, or excluding transactions in a block. When a transaction is sent it waits in line with other transactions, and miners get to pick which transactions go into the next block on the blockchain. Some transactions have higher tips, so miners can make extra money by picking those first. It’s like choosing the biggest pieces of candy from a bag. While it helps miners earn more, it can sometimes make the system less fair. Additionally, there are some…

In a dramatic turn of events for Shiba Inu, the dog-themed cryptocurrency has seen a remarkable 466% increase in weekly burns, yet its price has dropped by 22% over the same period. According to the Shibburn X account, 364,382,742 SHIB tokens were burned in the last seven days, representing a 466.83% increase in the weekly burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00001333 (1hr 2.53% ▲ | 24hr -13.26% ▼ )Market Cap: $7,846,500,195 (-13.49% ▼)Total Supply: 589,272,561,830,745TOKENS BURNTPast 24Hrs: 7,367,937 (-34.98% ▼)Past 7 Days: 364,382,742 (466.83% ▲) — Shibburn (@shibburn) July 5, 2024 The 466% rise in burns indicates a concerted…