Day: July 29, 2024

Shiba Inu’s NVT Ratio Sees Drastic Increase, Is A Rise To $0.00003 Still Possible?

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The Shiba Inu (SHIB) network value to transactions (NVT) ratio has come into focus, with the meme coin currently enjoying an uptrend. However, this metric suggests that Shiba Inu could soon hit a roadblock on its journey to $0.00003.  Shiba Inu NVT Ratio Is On The Rise Data from the on-chain market intelligence platform Glassnode shows that Shiba Inu’s NVT has witnessed a massive increase and is currently way ahead of the meme coin’s price. This is significant as it presents a bearish outlook for Shiba Inu and hints at…

AIOZ Network halts rally as cryptocurrencies mirror Bitcoin dip

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AIOZ Network, a decentralized crypto platform focused on integrating artificial intelligence into Web3 and storage solutions, has seen its upward momentum cool off amid broader crypto market declines. The AIOZ Network (AIOZ) token traded to highs of $0.67 on July 29 before giving up some of the gains as the altcoin market pared gains alongside Bitcoin (BTC). The DePIN project’s slight dip at the time of writing meant AIOZ hovered just above $0.60, with 24-hour gains trimmed to around 10%. However, AIOZ’s trading volume surged by over 570% to more…

Trump’s Bitcoin 2024 speech ‘pressured’ Harris to embrace crypto

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Former President Donald Trump’s keynote address at the 2024 Nashville Bitcoin Conference has sent shockwaves through the political landscape, compelling Kamala Harris to reconsider her stance on cryptocurrency. In his speech, Trump announced plans to implement crypto-friendly regulations, aiming to bolster economic growth and cement the US’s leadership in digital finance.  Nigel Green, CEO of deVere Group, hailed this move as a “masterstroke,” predicting it could significantly impact Harris’s campaign. “By pledging to retain all Bitcoins currently held or acquired by the US government, Trump aims to create a robust…

21shares Announces Chainlink Integration for Real-Time Ethereum Reserve Verification

21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Bull Cycle Likely To Go On Till Mid-2025: CryptoQuant CEO

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The CEO and founder of the on-chain analytics firm CryptoQuant has explained how this Bitcoin bull cycle could probably last till mid-2025. Profit-Taking From Old Bitcoin Whales Lasted For 18 Months In Previous Cycles In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a pattern that old whales have followed in terms of profit-taking during the past cycles. “Old whales take profits during bull markets,” notes Young Ju. “Their selling brings new capital into accumulation addresses, raising realized prices.” Accumulation Addresses refer to…

US Government Transfers $2 Billion in Bitcoin to Unknown Wallet

According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins […] Source CryptoX Portal

Is There A Solana ETF On The Way? New Cryptocurrency At $0.00107 Is Turning Heads

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Solana (SOL) has been making waves in the cryptocurrency market with its impressive performance and robust technology. Known for its high transaction speeds and low fees, Solana (SOL) has quickly become a favorite among developers and investors. As interest in Solana (SOL) continues to grow, rumors of a potential Solana ETF are circulating, which could further boost its appeal and accessibility. The Potential Impact of a Solana (SOL) ETF The introduction of a Solana (SOL) ETF could significantly impact the market by making it easier for traditional investors to gain…

Investors Flocking Back to Solana Whilst Diversifying With Mpeppe (MPEPE) Is the Fear Over?

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The cryptocurrency market is experiencing a resurgence of interest in Solana (SOL), as investors are flocking back to this high-performance blockchain platform. At the same time, savvy investors are diversifying their portfolios by adding Mpeppe (MPEPE), a rising star in the crypto world. But is the fear over, or are investors simply seeking new opportunities? Let’s delve into the reasons behind this trend and the potential benefits of this diversification strategy. Solana’s (SOL) Resurgence: A Sign of Renewed Confidence Solana (SOL) has been making headlines recently, with investors showing renewed…

Deep Dive Into The Profitability Of Bonk (BONK) and Mpeppe (MPEPE)

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Cryptocurrencies have captivated the investment world, offering opportunities for substantial returns. Among the emerging tokens that have caught the attention of investors are Bonk (BONK) and Mpeppe (MPEPE). This article takes a deep dive into the profitability of these two tokens, exploring their potential and what makes them stand out in the crowded crypto market. Bonk (BONK): Riding the Meme Wave to Success Bonk (BONK) has made a significant impact since its introduction. With its distinctive approach and strong community support, Bonk (BONK) has carved out a niche for itself.…