Month: April 2024

Demand appears to have outpaced issuance as Bitcoin halving nears

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Analysts at CryptoQuant found that Bitcoin demand from “permanent holders” has outpaced BTC issuance for the first time in history, adding fuel for the potential price rally. Bitcoin‘s demand from long-term holders has surged past issuance levels for the first time in the cryptocurrency’s history, according to a recent research report from CryptoQuant. The cohort of long-term holders is now adding around 200,000 BTCs per month, analysts say, adding that the figure is far exceeding the monthly issuance of approximately 28,000 BTC. Bitcoin issuance | Source: CryptoQuant Analysts at CryptoQuant…

a look at post-halving performance

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The Bitcoin Halving is almost here, bringing about the most significant event in the Cryptocurrency market ever. Each event has had a dramatic impact on supply, demand, and price appreciation post-halving. But with Bitcoin price already setting a new all-time high before the halving for the first time ever, how might this change post-halving performance? Let’s take a closer look. What is the Bitcoin Halving? The Bitcoin Halving is a recurring event happening approximately every four years. By design, it is intended to increase the scarcity of BTC and strengthen…

NuggetRush’s launch sparks excitement amid market corrections in XRP, FLOKI

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. NuggetRush merges gaming with crypto earning, while XRP reels from a whale’s dump, and FLOKI’s drop hints at rebound potential, stirring investor interest. NuggetRush (NUGX) is a leading digital platform that merges the gaming industry with the dynamic realm of crypto. On the other hand, investors are seeking alternative investments to shield themselves from the massive drops recorded by XRP and FLOKI (FLOKI). Here are the reasons why XRP…

Crypto Expert Unveils Most Undervalued Altcoin Right Now

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Charles Edwards, the founder of crypto hedge fund Capriole Investments, spotlighted what he believes to be the most undervalued altcoin at the moment. Via a statement on X, Edwards pointed to PENDLE, a token operating within the DeFi space, citing its exceptional total value locked (TVL) and market cap as primary indicators of its undervaluation. “Perhaps the most undervalued alt right now is PENDLE. Massive $4.6B TVL (about 5% of entire crypto world’s TVL) and market cap just 14% of its TVL. Huge flywheel effects with Ethena also. Ludacris growth,”…

Bitcoin (BTC) Prices Above $70,500 as Grayscale’s GBTC Records Lowest Outflows

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Luno, Zignaly Among First Crypto Firms to Receive South Africa License

“This is a positive step for both the cryptocurrency industry and South Africans. Compliance, safety and security for our customers have driven our growth since the beginning and will continue to be priorities as we expand our offering to introduce more features and products for financial institutions,” Christo de Wit, Luno’s country manager for South Africa, said in the statement. Source