Author: NBTC
Ethereum’s price has been dropping consistently over the past few months since it was rejected from the $4,000 level. Meanwhile, there is still the possibility for a deeper decline in the coming weeks. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been trending lower since it failed to break above the $4,000 resistance zone. It has since broken below several support levels, including the $3,000 line and the 200-day moving average, located around the $2,900 mark. Yesterday, the altcoin rebounded from the $2,400 support zone, but it’s still likely to drop back…
Crypto investment firm Multicoin is leading an $8 million purchase of GEOD tokens, a major capital injection into the crypto project building a hyper-accurate alternative to GPS. Geodnet hails from crypto’s buzzy DePIN wing of startups that financially incentivise regular people to host their physical infrastructure. The project’s token (its incentive mechanism) has more than doubled in the past 12 months amid torrid demand for Geodnet’s services. GPS satellites that tell your phone about how far you are from the next intersection are plenty good for a drive around town. Not so for Geodnet’s user base of farming drones and…
Edoardo Farina, founder of Alpha Lions Academy, has made bold speculations about potential XRP ties to U.S. gold reserves. In a recent post on X, Farina highlighted an unsubstantiated theory that XRP might secretly serve as a digital counterpart to the gold stored at Fort Knox, the heavily guarded U.S. Army base in Kentucky. The commentary comes amid discussions around XRP’s potential inclusion in the proposed digital asset reserve by President Donald Trump. While the ideas surrounding possible XRP links to Fort Knox gold appear interesting, they remain speculative, lacking concrete evidence. Plans to Verify Fort Knox’s Gold Reserves For…
Despite the overall market losses, demand for on-chain features remains strong. Several EVM-compatible L1 and L2 chains are noting an increase in new wallets. New active wallets are moving to several EVM-compatible chains, reflecting demand for on-chain activities. Despite the overall market drawdown, Web3 activity and apps are active, building wider adoption. Activity continued to flow into BNB Smart Chain and Base, as a response to a slowing Solana meme market. BNB Smart Chain became the leader with 4M active daily users, with just 2.7M for Solana. Based on unique address data, in the past week, Binance added another 2M…
Leading cryptocurrency analysis firms Glassnode and GreeksLive have shared their latest views on Bitcoin’s price action, outlining key support and resistance levels amid ongoing market volatility. Options analysis firm GreeksLive noted that investors are closely watching the $82,000 level as a vital support for Bitcoin. According to their latest report, it is essential that this level is maintained in order for Bitcoin to continue its upward momentum on higher time frames. The broader crypto community is quite concerned about Bitcoin’s recent decline, especially after the asset saw a sharp 17% drop in three days. Analysts and traders are now debating…
Ethereum price has declined for three consecutive days, forming a death cross pattern and risking a drop to $1,500. Ethereum (ETH) fell to $2,430 on Wednesday, down more than 40% from its highest level in November. The coin has dropped and underperformed Bitcoin (BTC) and other major altcoins as exchange-traded fund inflows slowed and challenges within the ecosystem persisted. Data from TokenTerminal shows that the fees generated by Ethereum have continued to decline in recent months. The network earned $9.8 million last week, significantly lower than last year’s weekly high of over $217 million. Networks such as Tron (TRX), Jito…
A recent study reveals significant cryptocurrency adoption and optimism in Australia, with nearly a third of Australians having owned crypto and a majority believing in its future acceptance. Close to 60% of Users Report Profits Nearly a third (32.5%) of Australians have now owned cryptocurrency, while 42.9% “believe crypto will be widely accepted in the future,” a new study found. Besides the “record high” adoption rate, the study also found that 95% of respondents were aware of at least one cryptocurrency. According to a press statement, 57.3% of Australian respondents reported making a profit, and 20.5% are investing $500 or…
What Is the Sonic Blockchain? Sonic is a relatively new Layer-1 blockchain created by Sonic Labs, formerly known as Fantom. The network was co-founded and architected by Andre Cronje, a well-known figure in the blockchain industry who previously contributed to numerous DeFi protocols like Yearn and Keep3r. Under his technical leadership, Sonic focuses on two main things: very fast speeds and helping developers earn money from their work. Sonic works with Ethereum-based apps and can handle up to 10,000 transactions every second. It confirms these transactions in less than one second, which makes it a powerful platform for moving digital…
In a groundbreaking move that has sent ripples of excitement through both the cryptocurrency and artificial intelligence sectors, Coinbase and NEAR Protocol, along with other key players, have announced a strategic alliance. This isn’t just another partnership; it’s a bold step towards building the future of open and accessible AI services within the decentralized landscape. For those deeply invested in the crypto world and fascinated by the potential of AI, this news signals a significant shift – the convergence of two transformative technologies to unlock unprecedented opportunities. Unveiling the Revolutionary AI Services Alliance What exactly is this AI services alliance…
The BTC price has broken down from key support levels creating an uncertain market where prices need to be rediscovered. The price may recover if it stays above critical support yet may fall more if it drops beneath this important threshold. The market requires $90,000 price recovery to maintain bullish momentum since failure could indicate extensive price adjustments. Bitcoin has broken down from its established range lows, entering uncertain territory as it tests a key technical support level. The major cryptocurrency remains in position to stay above its vital 200-day Exponential Moving Average whilst experiencing vital market direction pressures. Bitcoin…