Day: December 6, 2023

Bitcoin Ordinals ORDI token tops $1B market cap after 850% monthly gain

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The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains. ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, per CoinGecko data. ORDI is up 216% in the last seven days. The sudden ORDI price uptick saw it become the first BRC-20 token to reach a $1 billion market cap on Dec. 5, it currently commands a value of $1.3 billion. ORDI…

Energi sees 172% price surge following co-founder interview

Energi, a proof of stake (PoS) cryptocurrency, sees triple-digit growth on Dec. 5 following an interview with Altcoin Daily, a YouTube channel with 1.35 million subscribers. In response to the coin’s rally, co-founder Tommy WorldPower takes to his account on X to share the coin’s incredible price increase. Leading a good week In addition to its impressive daily growth, Energi (NRG) has also seen impressive numbers for the week with a 229% increase, which put the token at $0.2023, although it still sits at a 13.06% decrease year-over-year. Energi to…

Ethereum Price Prediction- After 10% Surge, Is ETH Rally Just Getting Started?

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Ethereum price extended its rally above the $2,250 resistance. ETH is up over 10% and might continue to rise toward the $2,500 resistance. Ethereum is showing positive signs and recently surpassed the $2,300 resistance. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the $2,320 resistance zone. Ethereum Price Extends Rally Ethereum price remained in a…

PEPE Inks 46% Weekly Gain

Struggling to make significant upward strides, the PEPE price might touch $0.0000020 in the next few weeks, grappling with the challenge of surpassing this particular threshold. Predicting the long-term trajectory remains elusive; achieving the $1 mark for PEPE requires an extraordinary surge from its present level, a feat that would position PEPE among the most lucrative meme coins in history. Meme tokens, lacking robust fundamentals and utility, consistently face the looming threat of being overshadowed by newer, trendier counterparts. Hence, while a modest increase to $0.0000020 in the near future…

DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’

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DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found the agency lied to secure a temporary restraining order against them. “The SEC got this case wrong. Badly wrong,” lawyers for Digital Licensing Inc., which does business as DEBT Box, told Utah federal court Judge Robert Shelby in a Dec. 4 motion to dismiss. “The SEC should not be allowed to continue to spin a false narrative to avoid dismissal.” The SEC won a temporary restraining order to freeze DEBT…

Crypto AI token OLAS up 65% over last seven days

OLAS recorded gains of over 65% within a week, likely spurred by general news surrounding artificial intelligence and hype for AI-themed cryptocurrencies. The price increase in Autonolas (OLAS) saw its price climb from around $2.72 to over $4.67, according to CoinMarketCap. OLAS also boasted an uptick in daily trading, attracting more than $11 million in on-chain activity on exchanges like Uniswap. The increase in activity marked a 150% jump in 24 hours. OLAS operates as a unified network of off-chain services providing automation, oracles, and co-owned AI. The protocol supports…

Bitcoin Price Surges Over 15% In Few Days, $45K Seems Imminent

Bitcoin price extended its rally above the $43,200 resistance. BTC is now consolidating gains and might rally further toward the $45,000 zone. Bitcoin surged further above the $42,200 and $43,200 levels. The price is trading above $43,200 and the 100 hourly Simple moving average. There are two bullish trend lines forming with support near $43,200 and $41,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower toward $43,200 before it starts a fresh increase. Bitcoin Price Extends Rally Bitcoin price remained in…

Types And How To Avoid Them

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NFT scams have quickly become a major concern in the digital asset realm, overshadowing the growing Non-Fungible Token world. They range from NFT scams on Instagram to complex NFT art frauds like the Bored Ape Yacht Club and Logan Paul’s NFT game. The risks are varied and significant. This guide explores the murky world of NFT fraud, highlighting various forms such as fake NFTs, NFT Ponzi schemes, and common OpenSea scams. Overview Of NFT Scams The Non-Fungible Tokens (NFTs) realm has opened a new digital frontier, bringing with it a…

Bitcoin futures open interest on CME nears 2021 all-time high

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Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has run parallel to Bitcoin’s 26% gain over the same time, with Bitcoin currently trading at just over $44,000. CME’s Bitcoin futures open interest reached $5.2 billion on Dec. 6. Source: Coinglass From Oct. 1…