Day: November 27, 2024

Layer 1 Blockchain Tokens Surge in 2024: Mantra (OM) Leads with 7,035% Growth

Timothy Morano Nov 27, 2024 10:11 Layer 1 blockchains have seen explosive growth in 2024, with Mantra (OM) leading the charge, boasting a 7,035% increase. Explore the top performers and market dynamics. Layer 1 (L1) blockchains have witnessed remarkable growth in 2024, with some tokens experiencing unprecedented price increases. Among these, Mantra (OM) has emerged as a standout performer, boasting a 7,035% surge in value, according to CoinGecko. This extraordinary rise is partly due to Mantra’s strategic partnership with UAE-based digital bank…

Over 200% Surge Ahead, Analyst Says

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Este artículo también está disponible en español. Shiba Inu (SHIB) is garnering attention for its robust performance and potential for future expansion as 2024 draws to a close. SHIB has managed to captivate the interest of both investors and crypto enthusiasts, as it is currently dealing at $0.00002566. The technical signals of the memecoin show notable preparation for a big rally, which has generated expectation for notable increases in the next weeks. Related Reading Positive indicators Surface For Shiba Inu With reference to Shiba Inu on X, crypto expert Javon…

Bitcoin ETFs surge, XRP shows strength as Yeti Ouro emerges as the next viral altcoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Spot Bitcoin ETFs hit $3.1b in record inflows, XRP surges 32%, and Yeti Ouro emerges as the next big player in P2E gaming. Last week, U.S.-based spot Bitcoin ETFs achieved unprecedented success, registering a record $3.1 billion in weekly inflows. Meanwhile, Ripple’s XRP continues to thrive, up 32% over the past week, signaling bullish sentiment across the market. Adding to the excitement, the spotlight is turning to Yeti Ouro…

‘Memecoins Are Getting A Little Weird’: Binance Founder Advocates For ‘Real’ Blockchain Projects

Memecoins have been the top narrative of this cycle, bringing in millions of dollars in revenue to platforms like Pump.fun and generating massive profits for crypto investors. However, many consider that the frenzy around these tokens has taken a concerning turn as the cycle progressed, with figures like Changpeng Zhao urging for projects with ‘real’ utility. CZ Calls For More Real Blockchain Applications On Tuesday, Binance co-founder and former CEO Changpeng ‘CZ’ Zhao shared his thoughts on the recent evolution of the memecoins, stating that they are “getting a little…

Current Bitcoin Hashrate Can Sustain $4.9 Trillion Cap, CryptoQuant CEO Reveals

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Este artículo también está disponible en español. The founder and CEO of the on-chain analytics firm CryptoQuant has explained where the peak Bitcoin market cap lies based on the current hashrate. Bitcoin Ceiling Could Lie At This Level Based On Network Hashrate In a new post on X, CryptoQuant founder and CEO Ki Young Ju discussed a BTC pricing model that puts upper and lower bounds on the cryptocurrency’s price using the trend in the mining hashrate. The mining hashrate here refers to a metric that keeps track of the…

As Bitcoin Bull Loses Steam, Aussie-Yen Dips, Hinting Broad-Based Risk Aversion Ahead

Bitcoin’s (BTC) bullish momentum has hit a snag this week for several reasons, including a weaker stateside demand. Now, the Australian dollar-Japanese yen exchange rate or the AUD/JPY pair, the classic risk barometer, has turned south again, signaling caution to risk asset bulls. The Australian dollar (AUD), a commodity currency, is a proxy for global economic health, particularly for emerging markets and China. On the other hand, the Japanese yen (JPY) is seen as a safe-haven currency that investors turn to during times of stress. Thus, a decline in AUD/JPY…

Bitcoin Fund Forecasts $740,000 Price Tag By April 2028

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Bitcoin can hit $740k as blockchain adoption still lags

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Bitcoin’s market cap could hit $15 trillion if it reaches $740,000 per coin, Pantera CEO suggests, citing untapped blockchain adoption. Bitcoin’s (BTC) price could climb to $740,000 per coin within the next four years, driven by increasing technology adoption across the financial sector, Pantera Capital CEO Dan Morehead predicts, adding that blockchain remains largely untapped. In a note to investors, Morehead emphasized that 95% of financial wealth has yet to engage with the technology, describing the industry as being in the early stages of a “massive transformation.” “95% of financial…

South Africa Seeks Input on National AI Policy Framework

The South African government has published a National Artificial Intelligence (AI) Policy Framework, which aims to guide the development and adoption of AI in the country. The framework outlines strategic pillars, including talent development, digital infrastructure, research, and innovation, as well as ethical considerations, such as transparency, accountability, and fairness. The policy framework is open […] Source CryptoX Portal

Altcoins ‘Starting To Run’ After Hitting Key Level, Altseason Next?

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Este artículo también está disponible en español. As Bitcoin continues to move above the $90,000 mark, Altcoins began to reach new highs. The sector has recently reclaimed a key two-year level that could set the stage for a retest of 2021’s highs. Some analysts consider that Altcoins’ recent performance could kickstart the long-awaited Altseason. Related Reading Altcoins Market Cap Reclaims 2022 Levels The total crypto market has seen a remarkable performance for the past 21 days, jumping to a market capitalization of $3.36 trillion. This surge, fueled by the US…