Day: February 11, 2024

Bitcoin Nears $50,000 Milestone Again; 91% Of Addresses In Profit

boss

Bitcoin is edging closer to the $50,000 mark after a week of extreme bullish price action, a level not seen since December 2021. Amidst this price surge, the number of Bitcoin addresses in profit has now crossed over 90%. According to data from IntoTheBlock, 91% of Bitcoin addresses are currently profitable. This means the vast majority of holders and investors have an incentive to continue holding, particularly as the next halving for Bitcoin miners approaches. 91% Of Bitcoin Addresses Now In Profit As Price Nears $50,000 Bitcoin has had an…

Analysts say Meme Moguls, Mantle, and VeChain are potent sub-$0.50 tokens to consider

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin (ETH) and Ethereum (ETH) are popular but expensive to some investors. Presently, interest in cheaper (below $0.50) but potent alternatives like Meme Moguls (MGLS), Mantle (MNT), and VeChain (VET) has been on the rise. Meme Moguls presale The Meme Moguls presale is in its final stage, ending on Feb. 28.  The project has already raised over $2.2 million and is set to launch on Uniswap soon.  Investors can still get…

Bitcoin at $48K, plus Solana, MicroStrategy

boss

Bitcoin (BTC) once again crossed $48,000 amid a sustained week-long uptrend. At last check on Sunday, Feb. 11, the world’s largest cryptocurrency by market cap was trading at $48,067.30. Solana (SOL), meanwhile, is still in the spotlight after it recorded its first network outage of the year. And MicroStrategy revealed it purchased an additional 850 BTC. Here’s our coverage of the past week: Solana records 5-hour outage Solana suffered a network disruption on Feb. 6 at around 10:00 UTC. The outage, Solana’s first in over a year, flipped investor sentiment…

What Is Sui (SUI) Network?

boss

What Is SUI? Sui (pronounced “Swee”) is a decentralized Layer 1 proof of stake blockchain, meaning it serves as the foundational infrastructure for verifying and processing transactions, similar to Bitcoin and Ethereum. Layer 1 blockchains are the backbone that supports a specific token or a network of different tokens.  Sui was developed by Mysten Labs, a group of former Meta employees. It is designed to limit how long it takes to execute smart contracts and support scalability for decentralized applications (dApps). The network believes it has cracked the code on…

Top cryptocurrencies to watch this week: BTC, SOL, AVAX

The crypto market recorded a late-minute screamer this week, with the global crypto market cap soaring 11% to a high of $1.82 trillion. This impressive growth was majorly triggered by the resurgence of Bitcoin (BTC) with altcoins such as Solana (SOL) and Avalanche (AVAX) making unique contributions, as well. Here’s a look at the top cryptocurrencies to watch from the past seven days. BTC, SOL and AVAX prices – Feb. 11 | Source: Santiment BTC records six straight intraday gains Bitcoin started last week with signs of an imminent upsurge,…

Analyst Predicts $100,000 Peak Before Halving Event

Crypto analyst Adam Back believes there is a chance Bitcoin (BTC) could hit the $100,000 price mark ahead of the halving event in April. This prediction comes as Bitcoin continues its recovery from a rather bearish January. Data from the price tracking site, CoinMarketCap, reveals that BTC’s price gained by 11.02% in the last week, moving into the $47,000 zone.  Dual Bull Cycle? Analyst Forecasts Bitcoin Bull Run Pre-Halving In a post on X on February 10, Adam Back shared a Bitcoin price forecast in which he predicted the digital…

PEPE Ready To Jump? Crypto Analyst Forecasts 65% Price Surge

boss

The PEPE meme coin has somewhat struggled in the past few months, failing to capitalize on the current bull run. However, the token seems to be experiencing some form of recovery lately, with its value seeing a significant increase over the past week. While PEPE has obviously grabbed the attention of some investors, it also seems to be a cryptocurrency of interest amongst the experts. For instance, a popular crypto pundit on the X platform has sounded a buy alarm for the meme coin. PEPE’s Price To Reach $0.0000017? In…