Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Is Ethereum overvalued? Network value indicator's all-time high suggests it is

EthereumJun 17

Ethereum (ETH) is the second most valuable cryptocurrency and the leading infrastructure for Web3 and decentralized finance (DeFi). However, a recent indicator’s all-time high suggests the token may be overvalued in relation to the network activity. Finbold retrieved premium data from Santiment’s Sanbase Pro on June 16, highlighting a network value indicator making bearish new highs. For validation, we also compared it to another solid network value indicator, both in a two-year time frame. Notably, the NVT metric raised concerns with an all-time high 134 ratio. This result indicates ETH’s daily capitalization is 134 times higher than the daily volume…

ONDO’s Trading Volume Surges 300%, Outpaces Other DeFi Tokens

AltcoinsJun 17

ONDO’s trading volume surged by over 300% in May, signaling heightened on-chain activity and sustained market interest, according to data from IntoTheBlock. ONDO’s transaction volume fluctuated with a generally upward trend, indicating a spike in trading volume and user engagement. The on-chain transaction volume of $ONDO is up over 300% since May, indicating significant on-chain activity. pic.twitter.com/szxl6lfdkc — IntoTheBlock (@intotheblock) June 13, 2024 ONDO consistently maintained the highest transaction volume throughout the period, compared to cryptocurrencies like Maker, Pax Gold, Maple, and Goldfinch, which had significantly lower and more stable volumes. Key observations include ONDO’s high volatility, with sudden spikes…

Bitcoin’s Upside Momentum Fading: What’s Next for BTC?

BitcoinJun 17

Bitcoin price started a recovery wave from the $67,000 zone. BTC is now struggling to clear the $68,800 and $69,500 resistance levels. Bitcoin remained stable above the $67,000 zone and recovered higher. The price is trading above $68,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $67,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $68,800 level. Bitcoin Price Faces Resistance Bitcoin price extended its downside correction below the $68,000 level. BTC tested…

Opportunity? ‘Most bullish altcoin’ Ethereum signals imminent surge

EthereumJun 17

Ethereum (ETH) has once again captured the spotlight with its recent price movements and the emergence of a bullish pattern on its charts. This pattern, often seen as a precursor to further price increases, has ignited discussions among investors and analysts about Ethereum’s potential to revisit previous highs. Over the past week, Ethereum has experienced notable volatility, marked by a 7% decline in its price. The cryptocurrency’s performance in the previous month was characterized by a strong uptrend that significantly boosted its price. However, a recent correction has tempered short-term investor optimism. Despite this performance, analysts believe that Ether still…

Industry Leaders Discuss Spot Solana ETF Potential

AltcoinsJun 17

As the US Securities and Exchange Commission (SEC) progresses with the approval of spot Ethereum exchange-traded funds (ETFs), industry leaders are speculating whether Solana is the next potential candidate. Indeed, many experts believe Solana could be next in line for an ETF, given its growing prominence in the cryptocurrency market. Is a Spot Solana ETF Next? SEC Chair Gary Gensler announced that spot Ethereum ETFs are expected to launch this summer. Gensler emphasized the positive progress in the final approval process, with the last registration requirements being managed at the staff level. With this development, investors are keen to see…

Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase

EthereumJun 17

Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it stays above the $3,550 pivot level. Ethereum Price Outperforms Bitcoin Ethereum price extended losses below $3,550 and $3,500 resistance levels. However,…

Telegram Games ‘Tapswap’ and ‘Yescoin’ Launching Tokens on The Open Network

AltcoinsJun 17

First it was Notcoin—which dropped the biggest gaming token so far in 2024—and then it was the white-hot Hamster Kombat, which is building on the Telegram clicker model with a token airdrop ahead. Now, a pair of rising Telegram games have revealed plans to bring their projects to The Open Network (TON) as well, with token launches ahead. Tapswap and Yescoin, both simple games playable via mini apps on the Telegram messaging platform, revealed plans in separate announcements on Thursday to launch on TON. If you played Notcoin before the “mining phase” ended in April ahead of the token launch,…

Bitcoin Mirrors 2015-2017 Bull Market as Investors Accumulate

BitcoinJun 17

Bitcoin’s current market behavior is drawing notable comparisons to the 2015-2017 bull market, capturing the attention of investors. With historical parallels drawing optimistic projections, the outlook for Bitcoin remains promising as it mirrors patterns from its formative bull market years. Bitcoin Investors Continue to Accumulate Bitcoin recorded a correction of over 20% after hitting an all-time high of nearly $74,000 in March 2024. This is the sharpest market correction on a closing basis since the FTX collapse in November 2024. However, Bitcoin has almost recovered from this drawdown, hitting $72,000 on May 21. As of writing, it is trading at…

the mean reverting strategy on Ethereum (ETH)

EthereumJun 17

In order to diversify the basket of systematic trading strategies, this article will attempt to evaluate whether it is possible to approach trading on Ethereum (ETH) with a “mean reverting” strategy based on false breakouts. Like most cryptocurrencies, Ethereum has historically shown a predominantly “trend following” behavior, therefore seeking trend reversals might seem like a counterproductive choice. With the recent evolution of the crypto market, it might be useful to consider incorporating a strategy into your portfolio that takes advantage of the “mean reverting” trend, which seems to be increasingly present in this market as well, fueled by growing liquidity.…

LTO Network Partners with DWF Labs for Market-Making Solutions

AltcoinsJun 17

LTO Network, a Layer-1 project focused on Real-World Assets (RWA), has announced a partnership with DWF Labs. It is a new generation market maker and investment firm. This partnership aims to bring DWF Labs’s innovative market-making solutions to enhance LTO Network’s capabilities. Thrilled to share about our partnership with @TheLTONetwork 🔥 We will support their team's operations as they expand in the rapidly growing RWA and tokenisation sectors – offering increased token access and value through additional exchanges. We look forward to supporting… https://t.co/6GD265QTM2 — DWF Labs (@DWFLabs) June 13, 2024 DWF Labs to Aid LTO Network’s RWA and Tokenization…