[ad_1] Despite Ethereum’s recent lackluster performance, Glassnode Co-founders, under the name ‘Negentrophic’ on Elon Musk’s X social platform, assert that ETH’s potential has yet to be fully realized. Analyzing historical data and market patterns similar to those in early 2021, Negentrophic predicts that Ethereum could reach a high of $7,500, a forecast based on current market structures and technical indicators such as the 161.8 Fibonacci extension level. Diving Into The $7,500 Prediction Assessing the prediction from these experts, a Fibonacci extension level seen in 2021, which signaled a major rise for Ethereum, seems to have now emerged on the ETH…
Author: dfrancis36
[ad_1] The realm of cryptocurrency ETFs appears to be now expanding, yet not all digital assets are poised for an easy transition into this financial product. GSR’s recent analysis of the potential for ETFs across various crypto has brought forward insights that place XRP and Cardano in a challenging position for ETF adaptation. Using a comprehensive scoring system, GSR evaluates the cryptocurrencies on a scale integrating decentralization metrics and market demand indicators. XRP And Caradano: Never To See The Light of ETF? Decentralization is critical, examining aspects such as permissionless participation and the diversity of hardware used in the networks.…
[ad_1] A clicker game on Steam recently became the talk of the town after flipping some of the most popular games on the platform. ‘Banana’ became a sensation for its NFT-like rewards, which can be sold for over $1,000 on Steam’s marketplace. However, the clicking phenomenon has sparked a debate among crypto community members about the state of crypto and web3 gaming. Related Reading Peeling Steam’s Clicker Game Sensation Banana is an indie game on Steam that consists of clicking the image of a banana to obtain rewards. Although not the first of its kind, its players are rewarded with…
[ad_1] In a significant development for the growth and adoption of digital assets in the Asian region, the Aptos Foundation has announced a collaboration with Alibaba Cloud, the digital technology and intelligence backbone of the Alibaba Group. This partnership aims to expand Japan’s Web3 ecosystem and improve regional accessibility, marking a milestone in developing Asia’s Web3 landscape. Aptos Foundation And Alibaba Cloud Launch Alcove As announced on Friday, the collaboration has led to the launch of Alcove, Asia’s first co-branded Move developer community, which seeks to foster innovation and boost digital accessibility across the region. Alcove’s primary goal is to…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] On-chain data shows the Bitcoin long-term holder supply has continued declining recently. Here’s what this could mean for the asset. Bitcoin Long-Term Holder Supply 30-Day Change Has Been Negative Recently As explained by CryptoQuant author Axel Adler Jr in a post on X, the BTC long-term holder supply hasn’t been showing any signs of growth recently. The “long-term holders” (LTHs) refer to the Bitcoin investors who have held onto their coins for over 155 days. The LTHs comprise one of the two main divisions of the BTC market based on holding time, with the other cohorts being known as…
[ad_1] Investment giant VanEck is seeking approval for a spot Solana (SOL) exchange-traded fund (ETF), according to a new filing with the U.S. Securities and Exchange Commission (SEC). The company submitted an S-1 registration statement to the securities regulator on Thursday related to the SOL ETF, which would be called the VanEck Solana Trust. VanEck, who is the first company in the United States to file for an SOL ETF, says it would be listed on the Cboe BZX Exchange if ultimately approved by the SEC. After the filing, Solana’s price shot up from a 24-hour low of $130 to…
[ad_1] A crypto expert has predicted a bullish price reversal for Bitcoin, the world’s largest cryptocurrency. The analyst suggested that Bitcoin’s price may have bottomed in, potentially signaling the start of market stabilization after a prolonged downturn. Bitcoin Price Reversal On The Horizon Crypto expert and Bitcoin analyst, Willy Woo has taken to X (formerly Twitter) to shed light on Bitcoin’s current price performance and its future outlook as market conditions stabilize. The analyst disclosed that there may be a good chance that “Bitcoin has cleared all price lows” for this market cycle. Related Reading The crypto expert disclosed that…
[ad_1] On-chain data presents a staggering perplexity surrounding Shiba Inu amidst the recent broader price decline in the past three weeks. Interestingly, this on-chain data presents itself in the large transaction volume of SHIB tokens across the Shiba Inu network. According to the latest on-chain data from IntoTheBlock, some serious Shiba Inu whales have been making waves over the past 24 hours. IntoTheBlock’s large transaction volume measures the number and total value of transactions greater than $100,000. This metric, which has proven to be a useful tool for tracking whale sentiment, shows that large holders transferred 1.55 trillion SHIB tokens…
[ad_1] Top US exchange Coinbase is not going to facilitate the planned merger of multiple artificial intelligence altcoin projects into a single new crypto. In an announcement via the social media platform X, Coinbase says that customers will have to initiate the merger on their own. “Ocean (OCEAN) and Fetch.ai (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.” In March, Fetch.ai (FET), Singularitynet (AGIX) and Ocean Protocol (OCEAN) announced a plan to merge with an aim to create the largest independent player in…