Month: January 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…

Visa, Transak to provide crypto-to-fiat withdrawals in 145 countries

Two payment giants are collaborating to tackle one of crypto’s pain points regarding mass adoption: swapping digital assets into fiat currencies. On Jan. 30, Transak and Visa announced a partnership to bridge the gap between the worlds of cryptocurrencies and traditional finance by offering direct crypto-to-card withdrawals in over 145 nations. Visa is a world leader in digital payments, while Transak specializes in building payment infrastructure for crypto and NFTs. Together, the pair noted that on-ramps that allow users to change fiat currencies like the U.S. dollar into crypto like…

Bitcoin Whales Increase Holdings By 4.5%, Getting Ready For Rally?

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Despite the recent market conditions that saw Bitcoin’s value dip below the critical $39,000 mark, large-scale BTC holders, often called ‘whales,’ have demonstrated their confidence in the flagship crypto. Crypto analyst Ali has shed light on this development via a post on X, indicating that these major investors have capitalized on the recent price correction to augment their Bitcoin portfolios. Ali’s analysis revealed that about 67 new entities have joined the elite group of Bitcoin holders who own more than 1,000 BTC, marking a 4.50% increase in such holdings within…

Crypto Analyst Says Get Ready For DOGE To Pop

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Dogecoin (DOGE) is getting ready to “pop,” as this crypto analyst predicts that the next move to the upside could see the meme coin break a critical resistance level. DOGE’s price has, in recent times, lived off the hype regarding several use cases that could be added for it soon. However, it remains to be seen if these narratives can propel the meme coin to hit new highs.  Dogecoin Could Rise To $0.083 Soon Crypto analyst Muro Crypto hinted in an X (formerly Twitter) post that another bounce by DOGE…

Vitalik Buterin Says Developers Should ‘Tread Carefully’ Mixing Crypto and AI

The next category, which Buterin tags as “high potential, but with high risks,” includes applications where AI acts as an “interface to the game.” In these applications, AI is used to help users “understand the crypto world around them” and ensure their behavior “matches their intentions.” Buterin gives the example of scam-detection features, like the one used in the MetaMask crypto wallet to warn users if they might be interacting with a deceptive application. Such features could be “super-charged” by AI’s enhanced detection and explanatory capabilities. Source