Month: January 2024

Analyst Predicts 100% Rise Against Bitcoin

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Crypto analyst Michaël Van De Poppe recently made a bullish prediction for the Ethereum price against Bitcoin in the near future, noting the path for this to happen. According to a social media post by the analyst, price action on the ETH/BTC pair for the next months will center around spot Bitcoin ETFs, with a rotation into ETH also in the prediction. Analyst’s Prediction of 100% Ethereum Price Rise Against Bitcoin Michaël Van De Poppe recently took to X to share a chart of Ethereum’s price performance against Bitcoin (ETH/BTC…

Grayscale moves $183m in BTC amid ETF fee competition

Grayscale Bitcoin Trust transferred approximately 4,000 BTC, valued at $183 million, to Coinbase Prime deposit addresses.  This was revealed from the latest data of Arkham Intelligence. Grayscale’s spot Bitcoin ETF, known for its comparatively high fee structure at 1.5%, may be witnessing a shift as investors explore options in response to the SEC’s recent approval of several spot Bitcoin ETFs. Other ETFs, managed by companies like BlackRock, VanEck, ARK 21Shares, and Bitwise, offer more competitive fees, ranging from as low as 0.2% to 1.5%, with some even introducing introductory waivers​​​​.…

Bitcoin Erases $49,000 ETF Rally As Coinbase Users Take To Selling

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Bitcoin had earlier shown a sharp rally toward the $49,000 mark, but the asset was quick to retrace the entire surge as the Coinbase Premium turned negative. Bitcoin Coinbase Premium Gap Plunged Into Negative During Past Day As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, the Coinbase Premium Gap has now turned notably negative after being mostly positive for the last few days. The “Coinbase Premium Gap” refers to the difference between the Bitcoin prices listed on the cryptocurrency exchanges Coinbase (USD pair) and…

Are Blockchain Games Dying? Over 30% Of Players Quit

The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned. This stark statistic, compiled by BlockchainGamer.biz, paints a picture of an industry grappling with fundamental challenges. Smaller, underfunded projects appear particularly vulnerable, often vanishing silently without any official announcement. Are Blockchain Games Going Extinct? The Main Culprit Funding constraints and evolving market conditions are cited…

Roadmap And Key Price Targets For This Year

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The Solana Foundation has unveiled a roadmap for 2024, focusing on innovation, developer engagement and network scalability. “2024 is the year of Solana,” the foundation proclaimed, focusing on the key milestones achieved and strategic goals for the year in the statement. The “Solana Foundation’s State of Developer Ecosystem Report” highlights a surge in developer activity, with over “2,500 active developers committing to open source repositories” and an impressive increase in developer retention, rising “from 31% to over 50% throughout the previous year.” The report further elucidated the evolution of Solana’s…

Franklin Templeton Takes Lead in Bitcoin ETF Fee War

The timing of the fee reduction aligns with the recent approval of several Bitcoin ETFs, leading to a rush among providers to position themselves favorably in the competitive ecosystem. In a strategic move to gain a competitive edge, Franklin Templeton, an American multinational holding company, has once again slashed the fees for its Bitcoin Exchange-Traded Fund (ETF), positioning itself as the most cost-effective option among the recently launched investment products. Franklin Templeton’s Dethrones Bitwise According to a recent filing with the Securities and Exchange Commission (SEC), Franklin Templeton reduced the…

NADA boasts 185% gains following listing announcement

According to a CoinGecko report, the NADA token protocol, supplied by a Korean gaming developer, was one of the top-trending coins on Jan. 12. As of the latest update, the live NADA Protocol Token (NADA) price is $0.062975, with a 24-hour trading volume of $12 million. This marks a notable increase of 185% in the last 24 hours. Over the past seven days, NADA has demonstrated a substantial price increase of 154%. NADA Protocol Token price chart | Source: CoinGecko This outperformance is particularly notable when contrasted with the overall…

XRP Burn Hits Major Milestone, Can The Burns Propel Price To $1?

The total number of XRP tokens burned just recently hit a major milestone. This has raised questions as to how much impact these burns can have on the value of the XRP tokens in circulation. Interestingly, Ripple’s CTO David Schwartz recently made some comments in this regard as he weighed in on whether or not XRP burns could affect the token’s value.  12 Million XRP Now Wiped Out Of Circulation Data from the XRP Scan shows that just over 12 million XRP tokens have now been burned and wiped out…

This Is How Much Assets IBIT, BITB, FBTC Hold After Debut

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