In recent times, the meme coin sector has experienced a significant increase, climbing over 13% in the past 24 hours. In the span of the last four days, the meme token economy has expanded by $3.77 billion, with tokens such as pepe (PEPE) and corgiai (CORGIAI) achieving gains in the double digits. Meme Coin Market […] Source CryptoX Portal
Cardano (ADA) could be on the path to breaking new price levels in the coming weeks, as indicated by on-chain data and adoption growth. The creation of new wallets on the Cardano blockchain has seen multiple spikes on various days since the beginning of February, showing a potential influx of new money into Cardano. According to on-chain data, new addresses on the Cardano network spiked 89% between February 22 and February. Similarly, this metric witnessed a 248% surge earlier in the month between February 1 and February 2. Such a…
It’s Time to Scrap AML/KYC Entirely Source
Riot Platforms has acquired 31,500 Bitcoin mining machines, and CleanSpark has completed the acquisition of three new facilities. The strategic acquisitions are part of a broader effort by crypto miners to enhance efficiency and prepare for the Bitcoin halving, which will reduce per-block rewards from 6.25 BTC to 3.125 BTC, putting financial pressure on the mining operations. Riot Platforms’ $97.4 million purchase from MicroBT is set to increase the hash rate capacity at its Rockdale, TX facility from 12.4 exahashes per second (EH/s) to 15.1 EH/s by July’s end. The…
Bitcoin (BTC) has witnessed a remarkable ascent, surpassing the $57,000 mark and recording a year-to-date surge of over 142%. The cryptocurrency’s market capitalization has also surged towards $1.14 billion, reaching levels not seen since December 2021. With the previous all-time high (ATH) of $69,000 within sight, the bullish sentiment surrounding Bitcoin is becoming increasingly evident. Setting Eyes On $100,000 And $200,000. Prominent Bitcoin maximalist Max Keiser, known for his optimism even during the harshest bear markets, has suggested the possibility of a “God Candle” scenario given the current market conditions.…
Ethereum announced that its Dencun upgrade has been successfully activated on all testnets and will be deployed on the Ethereum mainnet on Mar. 13th. The Dencun upgrade introduces several enhancements to improve the network’s efficiency and scalability, the most notable being the implementation of EIP-4844, colloquially known as protodanksharding. EIP-4844 represents a groundbreaking advancement in Ethereum’s ongoing scalability efforts, introducing ephemeral data blobs poised to reduce Layer 2 (L2) transaction fees significantly. In simple terms, EIP-4844 is like adding extra lanes to a busy highway. Ethereum can get crowded, making…
This follows a record-breaking Monday for the bitcoin ETFs, when the combined daily volume reached $2.4 billion, slightly surpassing their debut volume, Bloomberg Intelligence ETF analyst Eric Balchunas noted in an X post. IBIT booked roughly $1.3 billion volume on Monday, beating its debut day by 30%, Balchunas added. Original
With the Bitcoin price rallying, one analyst has taken to X, highlighting the current state of bullish affairs. In a post, the analyst thinks the world’s most valuable coin is approaching “escape velocity,” with price action deviating from candlestick arrangements in the past. This is usually the case, especially when prices are approaching all-time highs. BTC approaching a key price level | Source: Analyst on X Will Bitcoin Rip Past $70,000 In Coming Days? The analyst notes that a normal BTC cycle would, at current prices and considering how the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid broader market growth, Ethereum has surged past the $3.2 mark. Meanwhile, the Bitcoin Minetrix presale has raised over $11.4 million. ETH rally sees $43 million shorts liquidated Ethereum has enjoyed notable buying demand today, causing mass short liquidations. The occurrence follows a broader market appetite for cryptocurrencies as Bitcoin hits $57K. Furthermore, anticipation for Ethereum’s next network upgrade, Dencun, also adds to the widespread bullish sentiment. As the…
Like Bitcoin, Ethereum has also picked up steam, with the second-largest crypto token crossing the $3,000 resistance level for the first time since 2021. Interestingly, this crypto analyst believes the rally is far from over, as he highlighted a key price level that ETH could hit soon enough. Ethereum Could Rise To As High As $4,000 Crypto analyst Altcoin Sherpa suggested in an X (formerly Twitter) post that Ethereum could rise to as high as $4,000. His prediction looks feasible when one considers crypto analyst Bitcoin Ape’s recent analysis of…