Day: December 22, 2023

Bitfinex expects crypto market cap to double in 2024

Bitfinex analysts have published a new answer about the state of the cryptocurrency market. The Bitfinex Alpha report contains a forecast for 2024. In it, experts remain optimistic about the prospects for Bitcoin (BTC) and other crypto assets in general. They estimate that the market capitalization of the cryptocurrency sector could increase to $3.2 trillion next year. “Looking ahead to 2024, and contingent upon market conditions, we anticipate that the number of global cryptocurrency owners could escalate to between 850 and 950 million (from 575 million currently).” Bitfinex Alpha report…

Race to $1 pits XRP, ADA, NUGX, and DOGE

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market offers penny tokens like XRP, Cardano, Dogecoin, and the gaming-focused NuggetRush. DOGE’s 88% surge, ADA’s 185% increase, and XRP’s steady 63% growth confirm their potential to hit $1. NuggetRush’s play-to-earn gaming experience, NFTs, and an ongoing presale with potential for significant returns also position it at the forefront of the $1 race. Considering cryptocurrencies under a dollar can be a smart move. Currently, coins like XRP,…

Hashdex Names BitGo as Bitcoin ETF Custodian as Applicants Continue SEC Meetings

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Crypto Analyst Predicts Massive 99% BNB Price Crash To $2

BNB, the native token of the Binance Exchange, has grown to become one of the largest cryptocurrencies in the world. Its current price of $260 puts its market cap above $39 billion, making it the fourth-largest asset in the market. However, despite the notoriety that the cryptocurrency has gained during this time, one crypto analyst still expects a massive price crash, one that could shake the entire crypto market to its very core. BNB Long-Term Distribution Points To Crash In the initial analysis that was posted to the TradingView website…

Top crypto gainers: Optimism, Oasis Network, Arbitrum

CoinMarketCap charts on Dec. 22 show Optimism, Oasis Network, and Arbitrum are the day’s top crypto gainers, with over 18% growth each. Top Crypto Gainers and Losers Today | Source: CoinMarketCap Taking the top spot is Optimism (OP), a layer-two blockchain on top of Ethereum. The token, which currently sits at $2.97, showed a price increase of 26.9% in the last 24 hours, marking part of a rather successful year for Optimism. At the time of writing, the network boasts nearly six million addresses with a balance, reflecting a substantial 391%…

Will Inscriptions On Polkadot Push DOT Prices Back Above $10?

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There has been a notable spike in the number of Polkadot transactions in recent days. The surge also coincides with DOT prices racing to new 2023 highs when writing on December 22. Taking to X, asynchronous rob noted that Polkadot is currently processing around 250,000 transactions per hour or 400-450 per block. Polkadot is a modern blockchain that aims to drive blockchain interoperability. Based on its design, relying on a Relay Chain and numerous Parachains, the network can process transactions cheaply, considering its high capacity. Polkadot Transactions Swelling: Blame Dota and Inscriptions…

7 Real World Asset Trends in 2024 That Will Unlock the Future of Finance

These RWA trends herald a new era in finance, offering solutions to longstanding challenges. While their market capitalization may seem modest now, their transformative potential is immeasurable. Stablecoins, tokenized treasuries, decentralized private credit, physical backed NFTs, consumer brand NFTs, DeFi in climate & regenerative finance, and tokenized deposits/wholesale bank settlements are not merely trends; they are the building blocks of a more inclusive, efficient, and sustainable financial future. As we navigate 2024, these innovations will undoubtedly lead the way, unlocking unparalleled opportunities for businesses and individuals alike. Source

The Unified Future of AI, Blockchain and Virtual Worlds in 2024

Looking ahead to 2024, we stand on the brink of a defining moment in the spatial computing industry. The potential use case of experiencing events like the NBA finals from the best seats in the stadium, all from the comfort of home, is poised to capture the imagination of the masses. This experience, bridging the physical and digital worlds, will likely be a catalyst for widespread adoption among the early majority. The journey ahead for VR is long and filled with potential, but the convergence of technologies like AI, blockchain,…