Day: December 30, 2023

Bonk, Injective and CorgiAI were 2023’s top crypto gainers

In a historic year marked by significant crypto market volatility, Bonk (BONK) emerged as 2023’s top gainer. The meme coin skyrocketed by an astonishing 7,302.9% from $0.0000002 to $0.0000146. Bonk’s remarkable surge was largely catalyzed by a strategic airdrop, according to CoinGecko, which captured the data in an end-year survey it shared on Dec. 29. Top Crypto Gainers in 2023 🟢 1. Bonk – 7303%2. Injective – 2976%3. CorgiAI – 1960%4. Kaspa – 1866%5. Render – 1139%6. Solana – 974%7. Conflux – 774%8. WEMIX – 759%9. https://t.co/3TekemrOpX – 698%10. Stacks…

Bitwise heats up spot ETF competition with $200m seed fund

As the deadline for potential approval of Spot Bitcoin ETFs looms closer, Bitwise is making waves as it looks set to surpass even the world’s largest asset manager, BlackRock, in terms of seed funds for their respective ETFs.  According to Bitwise’s latest amendment to its S-1 filing with the U.S. Securities and Exchange Commission (SEC), the Schaumburg, Illinois-based company has attracted the interest of an investor prepared to seed its ETF with a substantial $200 million upon launch.  This figure far overshadows BlackRock’s initial seed fund of $10 million and,…

Cardano and Dogecoin investors considering newly launched presale project Pushd

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Digital asset traders are generally categorized into investors looking to make big, short-term gains and those in it for the long run. Cardano and Dogecoin have been good long-term investments. Meanwhile, newer projects like Pushd (PUSHD) offer short-term price appreciation potential and long-term utility and value. Here’s why crypto experts believe Pushd can outperform Dogecoin and Cardano in 2024. Cardano accumulation ahead of 2024 Cardano has finally picked up the pace…

Bitwise Closes Ranks With $200 Million Seed Fund

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The competition among the Spot Bitcoin ETF issuers is heating up as the period for potential approval of these funds draws nearer. Asset manager Bitwise is the issuer currently making waves as it could potentially outrank the world’s largest asset manager, BlackRock, in terms of seed funds for their respective ETFs.  Bitwise’s Bitcoin ETF Could See $200 Million Seed Fund Bitwise’s latest amendment to its S-1 filing with the Securities and Exchange Commission (SEC) shows that the asset manager has gotten interest from an investor to have its ETF seeded…

Dogecoin, XRP Beat Out Cardano, Solana To Hit New Milestone

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Kaiko, a blockchain analytics platform, conducted an investigation that revealed the complexities of liquidity across the biggest crypto assets, with some lower market cap assets beating higher ones. According to its Q3 liquidity rankings, XRP and Dogecoin (DOGE) managed to beat out Solana and Cardano in liquidity rankings, coming in behind only Bitcoin and Ethereum. There were also some surprise numbers on the rankings, like BNB coming in 8th in terms of liquidity, and Litecoin also outperforming.   Kaiko Analysis Highlights Liquidity For Crypto Assets The vast number of crypto assets…

Year of Triumphs, Scandals, and Transformations

It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023. The year 2023 has been a rollercoaster ride for the cryptocurrency ecosystem, defined by important events that have impacted the industry’s direction. From stablecoin woes to regulatory disputes, institutional acceptance, and the advent of meme coins, the crypto sector has seen a wide range of stories. Here are the top 10 major crypto headlines that have defined the year. USDC Stablecoin Falters amid Silicon Valley Bank…

Shiba Inu Burn Rate Spikes Over 2,700% Despite Market Slowdown

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Shiba Inu’s price action has been on a consolidation activity since the beginning of the week. However, the Shiba Inu community has ramped up SHIB burn activities in the past 24 hours, pushing the burn rate up by more than 2,700%. What this means is that SHIB holders have been sending large amounts of the meme coin to unrecoverable wallets, reducing the total supply amidst efforts to push the price up.  Shiba Inu Burn Rate Skyrockets In 24 Hours Amid SHIB Decline SHIB tokens are normally burned sporadically, and any…

2023 highlights and 2024 forecast

As the year draws to a close, we do an NFT market analysis, mapping its trajectory and comparing it with the predictions experts have laid out for 2024. 2023 was not the best year to be a non-fungible token (NFT) holder or trader. Following nearly two years of unprecedented growth, a liquidity plunge hit the NFT market in Q4 2022, persisting into mid-2023.  It caused the floor prices of at least 95% of NFT projects to crash near zero levels, as revealed by a dappGambl report from September. To stress…

Helium, Injective, and Pullix lead gains in December; how will they perform in 2024?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The digital asset landscape has been busy in December, with Helium (HNT), Injective (INJ), and Pullix (PLX) leading gains. Let’s look at their performances and their prediction for 2024. Helium rises as Wireless plan gains traction Helium gained popularity for creating a global network devoid of connectivity issues.  The Helium network allows you to connect anything swiftly and cheaply to the internet. In December, the project took it to another…

Goldman Sachs Exec Predict Growth For Digital Assets In 2024

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Head of Digital Assets at Goldman Sachs, Matthew McDermott, has projected a massive growth in the cryptocurrency market in 2024. McDermott shared these positive predictions in a recent interview with Fox Business, expressing much optimism in the future of digital assets.  Goldman Exec Expects Spot ETFs To ‘Gradually’ Boost Institutional Demand For Crypto Assets Speaking to Fox Business, McDermott has backed the continuous growth of cryptocurrencies as he foresees a rise in the institutional adoption of these assets.  Notably, the Goldman executive shares popular sentiment with many crypto enthusiasts that…