Author: News Room
A widely followed analyst and trader is offering his forecast on three crypto assets. Starting with the fifth-largest crypto asset by market cap, the analyst pseudonymously known as Inmortal tells his 209,800 followers on the social media platform X that Solana (SOL) could replicate its rival Ethereum’s (ETH) explosive rally from early 2020 to late 2021 and skyrocket by similar multiples. Ethereum went up from the low of a price of just under $90 reached in March of 2020 to an all-time high price of just below $5,000 which was recorded in November of 2021. From the current price, Solana…
A widely followed on-chain analyst thinks that Bitcoin (BTC) is just taking a breather before rallying to fresh all-time highs. Analyst Willy Woo tells his 1 million followers on the social media platform X that the Bitcoin Risk Signal, which compares BTC’s network flows to price action, suggests that the crypto king is not yet done rallying. According to Woo, Bitcoin is currently consolidating close to record prices in preparation for the next burst to the upside. “This is a Bitcoin long-timeframe risk signal I’ve been working on. Scale in when risk is low, scale out when risk is high.…
Recent developments suggest Bitcoin (BTC) could serve as more than just “digital gold,” according to a researcher at the crypto asset management giant Grayscale. In a new analysis, Grayscale’s Michael Zhao highlights Bitcoin’s surging on-chain activity. “The advent of ordinal inscriptions has revitalized on-chain activity, with over 59 million non-fungible-token-like (NFT) collectibles inscribed, generating upwards of $200 million in transaction fees for miners as of February 2024. This trend is expected to persist, bolstered by renewed developer interest and ongoing innovations on the Bitcoin blockchain.” Bitcoin ordinals enable users to inscribe digital data such as images and videos to a…
Welcome to my new weekly column, Core Corner. This feature is focused on Core Blockchain (XCB), a layer-1 ecosystem attempting to reshape the decentralized digital landscape.Last year, I met with the chain’s core developers, CoDeTech, and produced this short documentary on the development up to that point. Since then, the team has launched the first applications on the network, notably the CorePass ID digital identity wallet and Ping Exchange, a peer-to-peer CEX trading from hybrid cold storage wallets.Core Blockchain XCB Ping and CorePass launch.One of the most interesting choices for Ping was to remove market makers from the equation, meaning every…
What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connected to AlphaWelcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.Important: You must lock a minimum of 20,000 ACSIf you don’t have enough, buy ACS on the following exchanges:Connect via Access ProtocolAccess Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more › Read the full article here
Ethena, the protocol powering the USDe synthetic dollar, raked in $6.53 million in fees over the last 24 hours, cementing its position as the top fee-generating decentralized application (dApp) in the crypto space, according to data from DeFillama.Seraphim Czecker, Ethena Labs’ Head of Growth, shared insights from Token Terminal, affirming the project’s remarkable milestone. Czecker’s data indicates that Ethena amassed approximately $6.8 million in fees over the past week, outpacing competitors like MakerDAO and Arbitrum.Yet, compared to leading blockchain networks, its revenue pales in comparison. Tron and Ethereum, for instance, boasted revenues of $38.6 million and $182.5 million, respectively.What exactly…
TL;DR XRP experienced a notable, though glitch-induced, spike in its price observed on a cryptocurrency platform. Analysts are optimistic about a potential bull run, closely watching the outcome of Ripple’s lawsuit with the SEC, which may significantly impact the token’s future valuation. Ripple’s XRP has been hovering between $0.60 and $0.70 in the past several weeks, currently standing at the lower mark. Several X users, though, noted in the past few hours that the asset’s price has exploded to an all-time high of a whopping $74. The remarkable target was supposedly observed on the cryptocurrency platform Atlantis Exchange, but it…
On March 19, Anthony Pompliano, the founder of Pomp Investments, appeared on Bloomberg TV’s “Bloomberg Crypto,” hosted by Sonali Basak and Tim Stenovec, to share his insights on Bitcoin’s recent price correction, which has seen the flagship cryptocurrency fall below $63,000. TradingView data shows that Bitcoin prices peaked at $73,794 on the Bitstamp exchange on March 14th, have been falling for the past six days, and reached a low of $61,447 yesterday: Source: TradingView In a conversation marked by Pompliano’s depth of knowledge on Bitcoin’s historical performance and market dynamics, he provided a reassuring perspective on the current state of…
May 2022 marked the end of Crypto’s last bull run, with the collapse of the TerraUSD stablecoin – an event that saw $45 billion in market capital wiped out in one week. The events that followed resulted in an unrelenting bear market finally ending. However, during this Crypto Winter, projects continued to be built and innovation didn’t stop. The events of the past 18-20 months have seen the industry at large actively trying to remedy the damage done, showing resilience and signs of maturity. How? Well, to start with, regulations have taken a central role in building the industry’s credibility,…
According to the latest data, the Runestone non-fungible token (NFT) compilation has emerged as the leading NFT collection across various multi-chain support marketplaces. As of now, a Runestone NFT’s base price fluctuates between 0.047 and 0.048 bitcoin, which translates to approximately $3,163 based on the current bitcoin exchange rates. Runestone NFT Collection Achieves Top Spot Across Key Marketplaces As of March 17, 2024, data shows that Runestone’s NFT compilation holds the top spot in sales on the Okx and Magic Eden marketplaces. Magic Eden has seen Runestones generate a trading volume of 173.1 BTC or $11,649,906. Since its initial listing,…