Day: January 31, 2024

Analyst bullish on Polkadot; Pullix and Maker leading altcoin season

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto analyst Michaël Van De Poppe is bullish on Polkadot (DOT). Meanwhile, Pullix (PLX) and Maker (MKR) are some of the emerging altcoins that are gaining traction. Some analysts predict that PLX, which is now in stage 7 of 8 of its presale, will rally in 2024.  Polkadot to $17? Michaël Van De Poppe believes DOT is bullish as prices retest crucial support at around $5.50.  The correction has…

These Crypto Asset Classes Could Be Future Market Drivers: Santiment

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According to analytics firm Santiment, Artificial Intelligence (AI) and Real-World Assets (RWA) could be future drivers for the crypto market. AI And RWA Crypto Tokens Have Seen High Interest Recently As explained by Santiment in a new post on X, topics like AI and RWA have recently seen a surge in interest. The indicator of relevance here is the “Social Volume,” which keeps track of the amount of discussion related to any given topic or term occurring on social media platforms. This metric makes this measurement by counting the number…

Binance to reduce stake in Korean crypto exchange Gopax, report says

Binance reportedly plans to reduce its stake in Korean crypto exchange Gopax within the next two months to address regulatory reporting issues. Crypto exchange Binance, the major shareholder of Korean crypto trading platform Gopax, is set to reduce its stake in the exchange within the next one to two months to address issues with reporting changes to virtual asset business operators (VASPs), Korean news outlet News1 Korea has learned. The move is expected to solve regulatory issues after Korean authorities delayed approval of Gopax’s VASP change report submitted in March…

Global NFT market sees a 22% dip in sales, yet Trump NFTs continue to soar

The global market for NFTs has witnessed a downward trend in trading volumes, marking a consistent decline for the third week of January. According to the latest figures from CryptoSlam.io, a prominent on-chain data aggregator, the trading sales volume in the NFT sector has fallen to $223 million over the last week. This represents a significant 22.5% drop compared to the previous week’s figures. Contrastingly, the NFT market has observed an uptick in the number of active participants. Recent data shows that over 734,000 collectors engaged in NFT purchases across…

dYdX to Unlock Over 33 Million Tokens: Will Price Crash?

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dYdX, a decentralized exchange (DEX), will unlock over 33 million DYDX worth approximately $90 million on February 1. This significant token unlock is the second event in the last week, following a previous unlocking on January 23. dYdX To Unlock $90 Million Of Token: What Happens Next? According to Token Unlocks on January 30, the release will see the protocol distribute $49 million of tokens to investors. At the same time, the team and future employees will each receive approximately $27 million and $12.5 million, respectively.  DYDX unlock schedule | Source: Token Unlocks The…