Author: NBTC

Ethereum (ETH) price is noting a sharp decline at the time of writing, but it is actually validating a bullish pattern. Supported by the market conditions, the second biggest cryptocurrency on the planet has a shot at $4,000. Ethereum Investors Remain Bullish Ethereum’s price dipped to $3,000 in the last 24 hours, but this validated a key test of the upper trend line of a descending wedge. The altcoin’s potential for gains is backed by the fact that optimism among ETH holders is still alive. As evident from the Net Unrealized Profit/Loss (NUPL) indicator, the ETH holders still hold substantial…

cc0 NFT mfers NFT collection founder Sartoshi launched a memecoin called mfercoin on the Base network early this morning. The new coin was distributed as an airdrop to mfer NFT owners. Mfercoin’s market capitalization has already exceeded $300 million and transaction volume exceeded $76 million. The base price of the mfer NFT has increased significantly by over 60% in the last 24 hours, reaching over 0.6 ETH. However, the memecoin in question lacks any use case or intrinsic value, and its price rises and falls based entirely on speculation. In addition, since it is released by an anonymous developer, there…

The following is a guest post by Nikita Ovchinnik, the Co-founder at Barter DeFi. DeFi may be “in the crosshairs” of the SEC, as Forbes magazine recently stated after the SEC action against Uniswap. Still, the matter raises valid concerns that DeFi simply must address for the sake of its future. According to Uniswap, the Wells notice suggests potential enforcement action, alleged acting both as an unregistered securities broker and an unregistered securities exchange. The SEC alleges that certain tokens traded on Uniswap, such as those issued through ICOs, constitute investment contracts and, therefore, securities. By enabling the trading of…

Recent market developments and strategic investments signal a potential surge for Bitcoin towards the $80,000 mark. Decreased outflows from Grayscale’s GBTC and reduced mining costs are bolstering Bitcoin’s market position. BlackRock’s influence and lower Ethereum gas fees contribute to a favorable outlook for Bitcoin’s price. This article examines Bitcoin’s potential rise to $80,000, supported by strategic market movements, investment shifts, and improvements in mining efficiencies. Optimistic Market Indicators and Bitcoin’s Trajectory Bitcoin Daily Chart BTCUSDT 30 APR Recent developments suggest a positive shift in Bitcoin’s trajectory towards the $80,000 price point. Despite previous predictions of a market downturn, factors such…

Ethereum has entered an ascending price channel, which could dictate its performance in the short term. This technical formation suggests a cautiously optimistic outlook but also flags potential risks ahead. The ascending channel observed on Ethereum’s daily price chart shows that ETH has been achieving higher lows and higher highs, a bullish indicator in traditional market analysis. However, the current positioning near the lower boundary of the channel around $3,000 raises concerns about a possible breakdown acceleration. If Ethereum fails to hold this level, it could see a correction toward the $2,700 mark, which would signify a significant shift in…

Daniel Cheung, co-founder of Syncracy Capital, says a bullish run is just around the corner for Filecoin (FIL). Cheung describes FIL as a “sleeping giant” poised to awaken during this cycle. Significance of Banyan & Basin launch The Syncracy Capital co-founder took to X to express his bullish sentiment on Filecoin. He gave three key reasons for his optimism and shared the same with members of the crypto community. These include the potential launch of Banyan & Basin, other key primitive launches and being versatile beyond being a storage protocol. Cheung maintains that the imminent launch of Banyan & Basin…

The Securities and Exchange Commission (SEC) in Thailand has warned digital asset exchanges that their advertisements and the organisation of introducing broker agent (IBA) events might violate local regulations, Bangkok Post reported today (Monday). The regulator clarified that IBAs can only promote digital token services to avoid speculation on cryptocurrencies, which are categorised as high-risk assets. IBAs are local companies or agents that onboard clients in a local market for their partner digital asset exchanges for commission. These practices are standard for exchanges or brokers that do not operate directly in some markets. The warning came as the Thai regulator…

In an official post, HashKey Group, a digital asset financial services group in Asia, announced its strategic collaboration with GreenBTC.Club. The alliance envisions the launch of the “Bitcoin ETF Greening Initiative,” a move that aims to sustain the development of the Bitcoin ecosystem. On April 30, HashKey Group took to X to declare its alliance with GreenBTC.Club. The platform wrote on X, “HashKey Group partners with GreenBTC.Club to reach carbon neutrality for Bosera HashKey Bitcoin ETF.” 📢HashKey Group partners with https://t.co/ExUnio0p8V to reach carbon neutrality for Bosera HashKey Bitcoin ETF @HashKey_Capital 🌱Through the “#Bitcoin ETF Greening Initiative”, HashKey Group will…

Ethereum price started another decline and traded below $3,000. ETH must stay above the $2,800 and $2,850 support levels to avoid a major drop. Ethereum started another decline and tested the $2,900 zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,850 support. Ethereum Price Dives Again Ethereum price struggled to gain pace for a move above the $3,250 level and started…

The Cardano (ADA) ecosystem has shown multiple growth signals in the past few years. Investors now look for promising tokens being built on Cardano to invest in 2024, to capitalize on this growth. Notably, decentralized finance (DeFi) data from DefiLlama evidence how the Cardano ecosystem has improved lately. The total value locked (TVL) in Cardano tokens reached $422.63 million, a nearly 10 times increase from the $50 million on January 1, 2023. Together, the daily volume registered by decentralized exchanges grew from $854,240 to $5.69 million in the same period. This is a direct result of increased crypto trading and…