Author: NBTC

An analyst has explained how the data of an oscillator for Bitcoin could suggest the cryptocurrency still has plenty of room to run in this rally. Bitcoin VWAP Oscillator Could Imply Potential For Further Upside In a new post on X, analyst Willy Woo discussed what the latest trend in the Volume-Weighted Average Price (VWAP) Oscillator for BTC might suggest regarding what could be next for the cryptocurrency. The VWAP is an indicator that calculates the average price for any asset by taking into account the price fluctuations themselves and weighing the values against the trading volume. The above graph…

MANTRA, a prominent entity in the MENA jurisdiction, has made a huge leap in the tokenization of RWAs. As per the platform, it has reportedly signed a memorandum of understanding with Zand Bank which operates as a licensed entity under the Central Bank of the United Arab Emirates. The platform has reportedly made this move to streamline the procedure of the tokenization of real-world assets. MANTRA and Zand Bank Sign an MOU to Simplify the RWA Tokenization The respective partnership will potentially establish a resilient regulatory agenda while complying with the Virtual Asset Regulatory Authority of Dubai. The RWA-focuses L1…

Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this sector. Elmnts to Launch Solana-Based Commodity Tokenization Platform to Streamline Investment in Oil and Gas Assets According to the website, Elmnts, pronounced as “elements,” derives its inspiration from the periodic table, viewing its services as essential components of a diversified investment portfolio. Leveraging the Solana…

After making over $120 million trading Shiba Inu (SHIB), one cryptocurrency trader has made another strong bet – this time spending more than $18 million to buy over 700 Shiba Inu in a matter of hours, reflecting increased confidence of SHIB whales in the meme crypto asset’s future. Specifically, the investor had bought 5.5 trillion SHIB early on for $400,000 and then sold them at two price peaks, profiting $121 million, and now they used 4,849 Ethereum (ETH), worth about $18.44 million, to buy 715.9 billion SHIB, according to the data shared by Lookonchain in an X post on June…

Allo, a notable player in the blockchain space, has officially joined forces with the Superchain by the Optimism Collective. This collaboration marks a significant milestone in the blockchain industry, aiming to tokenise $2 billion in real-world assets. This move will revolutionise how investments and trading of such assets are conducted globally, introducing instant settlement features. Delighted to have you join our Restaked Rollup ecosystem @layer3xyz! Welcome on board 🥳 https://t.co/X0LlsR1Pqz pic.twitter.com/Lsrlj7nzfk — AltLayer (@alt_layer) June 27, 2024 Accelerating Ethereum Scaling In addition to its monumental partnership with the Superchain, Allo has also become a featured protocol within the alt-layer ecosystem.…

As Bitcoin navigates through significant price changes, varying analyses from crypto analysts have painted a diverse picture of its short-term trajectory. A prominent crypto analyst, Ali, identified a sell signal on Bitcoin’s short-term charts using the TD Sequential indicator. Rekt Capital noted the significance of the $60,000 support level, suggesting that maintaining this level is crucial for further positive momentum. He remarked that the recent breakout to $66,000 is a testament to how quickly market sentiment can shift toward a bullish trend. The analyst disclosed: The Bitcoin Bull Market is not over. But time and time again, the market will…

Shytoshi Kusama, a lead voice within the Shiba Inu ecosystem, has hinted at an upcoming project in response to recent comments made by Ethereum founder Vitalik Buterin. The latter criticized the current trend of celebrity tokens, such as Iggy Azalea’s MOTHER, which recently gained significant attention on Solana. He called for these projects to provide real value beyond financial gain and have a lasting impact. Buterin explained that successful crypto projects should serve a public good, include engaging elements and ensure that participants feel positive about their involvement, even if the financial returns are negligible. Kusama responded to this criticism…

WAX, a purpose-built and environment-friendly blockchain dealing with dApps, NFTs, virtual worlds, gaming, and collectibles, has announced a new initiative. As per the platform, it intends to soon unveil a token bridge to TON Network which operates under the famous social media forum Telegram. The company took to social media to reveal the details of the respective endeavor. WAX to Offer a New Token Bridge in Collaboration with TON Network In its new X post, the firm expressed its enthusiasm regarding the exclusive project. The platform also disclosed that this endeavor will elevate the position thereof in the case of…

Real Vision analyst Jamie Coutts is saying that the performance of the US dollar against other major currencies will impact the price of Bitcoin (BTC). Coutts tells his 16,300 followers on the social media platform X that the US Dollar Index (DXY), a measure of the US dollar’s value compared to a basket of six dominant global currencies, is currently trading in a range. According to Coutts, Bitcoin could rally if the DXY falls by around three percent from the current level. “A break below 101 would be rocket fuel for Bitcoin.” Source: Jamie Coutts/X The DXY is trading at…

Stacks (STX) is spreading a new narrative, showing that Bitcoin-based tokens are possible. STX lined up among top gainers after showcasing several active projects. Launching tokens on the Bitcoin network went through several attempts, each one creating its unique form of hype. In 2024, peak projects included the generation of ordinals, BRC-20 tokens, Taproot tokens, and Runes. Stacks is one of the projects that rose to prominence as a tool to generate and market Bitcoin-based tokens. After a recent market recovery, STX also became one of the top gainers. STX traded at $2.20 after a few active days of climbing.…