Month: February 2024

Ethereum’s Dencun upgrade set to launch March 13 

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…

Bitcoin Approaching “Escape Velocity” That Will Take Prices Past $70,000: Analyst

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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…

Ethereum soar above $3.2K, Bitcoin Minetrix flying in presale

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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…

Can Ethereum Touch $4,000? Crypto Analyst Says ETH Rally Far From Over

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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…

Bitcoin NFTs cross $100m trading volume on Magic Eden in February

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Bitcoin NFTs on Magic Eden have seen their best month yet for fees and trading volume amid sustained interest in the leading cryptocurrency from industry participants and Wall Street. Magic Eden’s Bitcoin NFT market peaked this month with over $100 million in trading volume transacted by digital collectibles traders, per a Dune Analytics dashboard provided by pseudonymous contributor Sealaunch.  The $2 million in fees paid for buying and selling Bitcoin NFTs on Magic Eden also set a record high on the platform. There were more than 45,000 buyers on the…

MATIC Price Prediction: Imminent Rally to $1.20?

On Feb. 26, MATIC’s price crossed $1.05 for the first time in 2024; the steady rise in Polygon network activity in correlation to the defi market boom suggests more bullish action could follow.  Layer-2 networks like Polygon (MATIC) and Optimism (OP) have been on a tear in recent weeks as investors pile billions of dollars into Ethereum (ETH) leading defi protocols. Defi market boom driving MATIC price rally Amid widespread expectations of Fed rate cuts, investors are increasingly switching focus towards risk assets. As the S&P 500 soared to historic…

Theta Network Leads Crypto Rally With 60% Gain: Here’s Why

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Theta Network (THETA), a platform for decentralized video delivery and edge computing, has seen its price skyrocket by 60% in the past 24 hours. This surge has propelled THETA to become the top gainer across the entire spectrum of the top 100 cryptocurrencies. The rally can be attributed to a confluence of factors, notably the anticipation surrounding the upcoming launch of Theta EdgeCloud in the next quarter, a broader crypto market uplift led by Bitcoin and a bullish chart setup for THETA. EdgeCloud Launch Sparks Growth Catalyst At the heart…

Binance Labs invests in PoS Bitcoin staking protocol Babylon Chain

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Binance Labs, the venture capital and incubation wing of Binance, has announced a strategic investment in Babylon, an innovative Bitcoin staking protocol.  Babylon introduces a unique approach to staking Bitcoin directly on Proof of Stake (PoS) blockchains, allowing users to earn yields without relying on intermediaries like third-party custodians, bridge technologies, or wrapping services. This method offers PoS chains slashable economic security while providing Bitcoin holders a more fluid process for unbonding stakes, thus improving liquidity. Binance Labs has recently intensified its investment activities in the staking and re-staking domains,…