Day: July 24, 2024

Arbitrum Attracts Over 48% Of Assets From Ethereum: Why Is ARB Down 68% In 7 Months?

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ARB, the native token of Arbitrum, the Ethereum layer-2 solution, is down 68% from January 2024 highs. However, there is good news: While ARB holders “suffer” in the face of unrelenting bears, positive on-chain developments reveal a platform that is not only the largest by total value locked (TVL) but also brimming with potential. Over 48% Of Ethereum Bridged Assets End Up In Arbitrum Taking to X, one analyst notes a surge in user activity on Arbitrum and that the platform leads across multiple key performance indicators (KPIs). Of importance,…

What is a prediction market? How they work and their uses

Prediction markets have made headlines recently after demonstrating an uncanny ability to forecast global events with a level of accuracy unseen by traditional bookmakers or even polling results. With leading prediction market Polymarket predicting that Joe Biden would step out of the U.S. presidential race before it happened, people have become increasingly interested in the ‘wisdom of the crowd’ and the potential applications for these markets. What is a prediction market? A prediction market is a financial marketplace where people speculate on the outcome of all kinds of events, buying…

Cosmos Set For 50% Rally After Recent Plunge, Analyst Eyes $12

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The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs today is seen to create a positive wave. In this bustling environment, Cosmos (ATOM) is one cryptocurrency that shows great potential for a big break-through. Related Reading Although ATOM has stayed somewhat steady, with a little rise of 1.23% over the previous week and a drop of 4% over the last 30 days, experts feel it is about ready for a significant climb. ATOM’s market position is notable at its…

99Bitcoins token prepares for IEO after raising over $2.5M

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 99Bitcoins token nears the end of its presale after raising $2.5 million. Its learn-to-earn concept resonates with investors, making it a standout utility coin in 2024. 99Bitcoins token (99BTC) is in the last stretch of its presale after raising $2.5 million. The project’s novel learn-to-earn use case has struck a chord with investors, rendering it one of the hottest new utility coins of 2024. The presale is in its…

Stonex Bullion’s Analyst Predicts Gold Increase Due to Heightened Political Confusion

Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary policy. Stonex Analyst Rhona O’Connell: Gold Poised for Gains Amid U.S. Political and Economic Changes In recent weeks, […] Source CryptoX Portal