Month: January 2024

HIPP is undervalued after El Hippo liquidity lock

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto space evolves, more advanced systems are put in place to safeguard funds and increase the trust and transparency of a project. One of the best ways to demonstrate to a community that the team is serious about the project’s long-term health is to implement a liquidity lock and token burn mechanism, which El Hippo did in December 2023. What’s a liquidity lock? A liquidity lock typically refers…

Accumulation Zone Points To Upside Potential, $20 In Sight

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The decentralized Oracle network Chainlink and its native token LINK have grown impressively in the past month. Despite experiencing a correction since late December, where LINK reached a 20-month high of $17.6, the token has shown signs of renewed bullish momentum.  Key Resistance Levels For LINK’s Price Rally Renowned crypto analyst Ali Martinez has identified a robust demand zone for Chainlink between $14.8 and $15.2, slightly below its current trading price of $15.415.  Within this range, many addresses (17,650) purchased 85.12 million LINK. With limited resistance, LINK appears to be well-positioned…

Will the Bitcoin Halving Cause Another BTC Price Hype Cycle?

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In fact, the current bitcoin mining difficulty is at historic highs, with computing power jumping over 100% in 2023. CoinShares predicts this to fall off after the halving with a “miner exodus.” The company also said the “average cost of production per coin” could normalize at just under $38,000 post-halving, given the complicated interrelation between hardware and electricity costs, difficulty levels and the cost structures that determine whether certain miners are making or losing money, which determines how many miners are on the network. Original

Modular L2 for ZK Applications

The introduction of MANTA on Binance Launchpool is a huge step toward addressing the ZK ecosystem’s difficulties. Binance, one of the world’s leading crypto exchanges, has unveiled the 44th project on its Launchpool – Manta (MANTA). This new addition to the Binance ecosystem promises to be a game-changer, introducing a modular Layer 2 (L2) solution tailored for Zero-Knowledge (ZK) applications. Staking and Farming MANTA According to the announcement, users eager to partake in the MANTA Launchpool can stake their BNB and FDUSD tokens in separate pools, farming MANTA tokens over…

Solid TVL Slingshots SUI Price To Break $1 For New All-Time High

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Sui (SUI), a newcomer in the crypto sphere, is making waves as it tallied an impressive 87% rally in the last seven days, pushing its price to reach $1.43 at the time of writing for a new record high. Its native token has outperformed Bitcoin, sparking renewed interest in the dormant DeFi scene. Sui’s remarkable success can be attributed to the remarkable surge in its Total Value Locked (TVL), a key metric reflecting the amount of cryptocurrency locked into its decentralized finance (DeFi) protocols. Over the course of the past…

Binance Research forecasts 2024 trends, themes in crypto

Binance Research highlights potential 2024 crypto trends, including Bitcoin halving, AI integration, and institutional adoption. In their 2024 analysis, Binance Research outlines several trends that may influence Bitcoin (BTC) and the broader cryptocurrency market. One key focus is the upcoming Bitcoin halving event, historically associated with significant market movements, although it’s emphasized that this is not a guaranteed cause-and-effect scenario. #Binance Research is delighted to announce the release of our comprehensive industry year-in-review report. We uncover the top crypto industry dynamics of 2023 and discuss key trends as we head…

Bitcoin could replace the dollar as the reserve currency

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At the World Economic Forum, the former presidential candidate highlights the potential upside of Bitcoin toward global financial stability. The World Economic Forum, held annually in Davos, Switzerland, is a prestigious gathering that brings together leaders from across the globe, including political figures, business executives, and prominent intellectuals, to discuss pressing global issues. In a statement at the forum, former Secretary of State Hillary Clinton expressed her concerns about the impact of cryptocurrencies on global finance. Clinton’s words reflect a growing debate around the role and influence of digital currencies…

Ethereum Bloodbath Incoming? Celsius’ $125 Million Move Threatens ETH Price

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The Ethereum price might be doing well post-spot Bitcoin ETF launch, but recent moves by Celsius threaten to destabilize the price movement. The now-bankrupt crypto lender seems to have begun its reimbursement plan to its creditors, as on-chain data reveal the movement of its ETH holdings to crypto exchanges. According to crypto market intelligence company Arkham Intelligence, Celsius Network carried out transfers worth over $125 million worth of ETH last week to various crypto exchanges. Celsius Transfers ETH To Exchanges Data shows that between January 8 and January 12, Celsius…

Google Cloud Joins Flare Blockchain as Validator 

Google Cloud also said Flare has become part of the Google for Startups Program, which aims to accelerate the growth of Web3 startups. Google Cloud, the cloud computing and data storage unit of the technology giant Google, has entered into a strategic partnership with the Flare blockchain to join the network as a validator. The cloud unit has become the latest corporate institution to join the growing list of validators on Flare, verifying blocks, confirming transactions, and proposing new updates to the protocol. These efforts contribute to bolstering security and…

Insights from Davos 2024 World Economic Forum: AI, Growth, Climate

The 54th World Economic Forum in Davos gathers global leaders to discuss challenges ranging from geopolitical tensions to AI impact. Key themes include security, economic growth, AI ethics, and climate strategy. From January 15 to 19, 2024, the small Swiss alpine town of Davos will once again become the epicenter of global discussions with the celebration of the 54th edition of the World Economic Forum (WEF), under the theme “Rebuilding Trust”. With over 1,000 leading companies from different countries and the participation of 100 governments, along with heads of state,…