Month: August 2024

Render Whales Invest $500K In New Render Like Cryptocurrency, Here’s Why

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Market trends can shift rapidly, and strategic investments by crypto whales—those with significant capital, often signal emerging opportunities. Recently, a group of Render (RNDR) whales made headlines by collectively investing $500K in a new cryptocurrency that mirrors many of Render’s strengths while also offering fresh potential for exponential growth. As Render (RNDR) faces market pressures ahead of NVIDIA’s Q2 earnings report, these whales are betting on a promising new project, Mpeppe (MPEPE), to potentially replicate or even surpass RNDR’s success. Here’s why this move has captured the attention of the…

Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders

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Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market. Report Shows Bitcoin Demand Craters Amid Weak Market Signals Bitcoin demand has seen a significant decline since early […] Original

Dogwifhat (WIF) Holds Strong Above $1.5, Is A Bigger Rally Imminent?

Dogwifhat (WIF) continues to maintain bullish momentum above the crucial $1.5 level, following a successful breakout above this level. This sustained momentum has sparked speculation about whether the asset is gearing up for a more significant rally or if this momentum might eventually lose steam.  As WIF remains resilient above the $1.5 level, this article will offer a technical analysis, utilizing key indicators to assess its current price performance and evaluate the potential for a larger rally, providing insight into the implications for the asset’s future. In the last 24…

Bitcoin ETFs breaking records, gaining unprecedented institutional traction

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Bitcoin ETFs are breaking records as the fastest-growing ETFs in history, rapidly attracting institutional investors.  According to Bitwise CIO Matt Hougan, contrary to the popular belief that retail investors are driving the surge in Bitcoin (BTC) ETF adoption, data shows that institutions contribute significantly to this trend. Since its launch in January, Bitcoin ETFs have amassed a staggering $17.5 billion in net flows, outpacing previous records held by other ETFs.  For context with this sentiment, the Nasdaq-100 QQQs, the previous record holder, garnered approximately $5 billion within its first year.…

A Call for Genuine Market Innovation

Authentic blockchain-enabled market structure promises transparency, tamper-proof records, reduced costs (as compared to doing both blockchain and security certificates) for the issuer and the end customer, and smart contracts that execute automatically under predefined conditions. This brand of innovation renders traditional transfer agents obsolete, as blockchain verifies and validates securities ownership. Source

Here’s What’s Going On With The Shiba Inu Price

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The Shiba Inu (SHIB) price has remained lackluster for a while now, with the second-largest meme coin by market cap still below the crucial price level at $0.00002. This unimpressive price action is thanks to several factors, including Bitcoin’s tepid price movement.  Why The Shiba Inu Price Is Down Shiba Inu’s price has been on a downtrend mainly due to its strong positive price correlation with Bitcoin. Data from the market intelligence platform IntoTheBlock shows that Shiba Inu’s price correlation with Bitcoin is currently at 0.94 and nearing its peak…

DePIN Media Network PTK Starts Up on Coinbase’s Base to Bring Transparency to Making Movies

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Kaspa and Alephium Mining Gain Traction as Bitcoin’s Hashprice Remains Low 

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While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencies currently offer the highest profitability for miners, according to the latest […] Original

PlayDoge’s $6M+ Presale Has Only 5 Days Left – Analysts are Expecting it to Explode

Crypto investors are buzzing about PlayDoge (PLAY) as its presale enters the final stretch. The project has already managed to raise over $6 million in funding. And with only five days left before the presale closes, investors are rushing to secure PLAY tokens before they hit exchanges. Last Call for PlayDoge’s Red-Hot Presale PlayDoge’s presale […] Source CryptoX Portal