Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains, and the meme coin category, or the “other tokens”, hit a key milestone, crossing a market capitalization of $100 billion. Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE), the top three meme coins, have erased between 11% and 13% of their value in the past week. Bitcoin consolidates close to $95,000, nearly 12% below its all-time high of $108,353. Bitcoin vs meme…
Day: December 26, 2024
Capital Inflows Drive Solana’s Comeback Rally, Glassnode Report Reveals
Over the past two years, solana (SOL) has experienced extraordinary growth, with a reported price appreciation of 2,143%, according to a comprehensive study by Glassnode researchers Ukuria OC and Cryptovizart. From Rock Bottom to Billion-Dollar Liquidity The Glassnode report examines the asset’s recovery, its competitive performance against major cryptocurrencies, and the factors driving its momentum. […] Source CryptoX Portal
ONDO Faces 30% Correction Risk If It Loses $1.46 Support – Top Analyst
Este artículo también está disponible en español. Ondo Finance has faced significant challenges in recent weeks, with its price dropping over 30% from its all-time high of $2.14. Despite the recent downturn, many analysts remain optimistic about ONDO’s potential for recovery, citing its strong performance earlier this cycle as evidence of its resilience. As one of the top-performing altcoins, ONDO has consistently attracted investor attention, leading to speculation about its next move. Related Reading However, caution is warranted. Renowned analyst Ali Martinez recently shared a technical analysis warning that ONDO…
Bitcoin Miner Hive Bets Big on AI Boom With $30 Million Nvidia GPU Deployment in Quebec
Hive Digital Technologies, a blockchain infrastructure firm, has announced the deployment of advanced Nvidia GPUs in Quebec, marking a significant shift toward high-performance computing (HPC) and artificial intelligence (AI). From Crypto to AI: Hive Digital’s $30M Leap This week company noted that it has invested $30 million in Nvidia H100 and H200 GPU clusters, enabling […] Original
Here Are The Major Bitcoin Support Levels To Watch As Bulls Push For $100,000 Again
Este artículo también está disponible en español. Crypto analyst Trade PSH has revealed the major Bitcoin support levels to watch out for as BTC bulls push for a rally to the psychological $100,000 level. The analyst also mentioned what price levels Bitcoin could reach in the short term as it breaks above $100,000. Bitcoin Support Levels To Watch Out For As Bulls Push For $100,000 In a TradingView post, Trade PSH stated that the local maximum is $99,450 as bulls are repeatedly trying to push the price above $100,000. The…
Bitcoin’s X popularity grew 65% YoY in 2024
X user published over 140 million tweets mentioning Bitcoin on Elon Musk’s social media network. Crypto conversation on X increased in 2024 compared to 2023 as Bitcoin (BTC) developments dominated digital asset mindshare on the platform formerly known as X. Posts containing “Bitcoin” grew 65% year-over-year according to data from social listening protocol Visibrain seen by crypto.news on Boxing Day. Posts mentioning BTC on X in 2024 | Source: Visibrain Bitcoin mentions peaked in early 2024, coinciding with approval for spot BTC exchange-traded funds issued by the U.S. Securities and…
Ethereum Fork Lightchain AI Introduces Proof of Intelligence With 5.7M Sold in Presale
PRESS RELEASE. Ethereum has experienced countless innovations since its inception, but few concepts have had the potential to shake the blockchain space like Lightchain AI’s revolutionary approach. With an astounding 5 million tokens sold in their presale, Lightchain AI is introducing a groundbreaking protocol, “Proof of Intelligence” (PoI), poised to redefine decentralized technology. What is […] Source CryptoX Portal
injected $100m in more than 60 projects with AI and Bitcoin focus
OKX Ventures’ annual report for 2024 revealed the firm made a total of $100 million in investments throughout 2024 in more than 60 projects, with AI and Bitcoin-related projects taking up the largest portion. According to the shared X post, OKX invested in more than 60 projects and funds throughout 2024. These projects encompassed a wide range of sectors, including blockchain technology, multi-chain ecosystems, DeFi and various other funds. Though the report highlights that on-chain infrastructure, AI projects and projects built on the Bitcoin (BTC) ecosystem made up the largest…
Ethereum Price Setting For a Big Move – Breakout Or Downturn?
Este artículo también está disponible en español. Ethereum has faced challenges in regaining its bullish momentum, leaving the altcoin trading at a pivotal level. Ethereum is at the center of attention investors who anticipate a potential rally in the coming weeks. This optimism is fueled by expectations that Ethereum’s resurgence could mark the beginning of a long-awaited Altseason, bringing widespread gains across the altcoin market. Related Reading Top analyst Carl Runefelt recently shared a compelling technical analysis on X, highlighting Ethereum’s formation of a symmetrical triangle pattern in the 4-hour…
Ukraine promises sanctions over Russia’s use of Bitcoin in foreign trade: report
Ukraine is gearing up to block Russia’s use of Bitcoin and other cryptocurrencies in foreign trade, with sanctions already in the works. The government of Ukraine has unveiled plans to impose “sanctions and other solutions” aimed at blocking Russia‘s use of Bitcoin (BTC) for international payments, just a day after Russia’s finance minister Anton Siluanov publicly confirmed that Russian companies are already using crypto to evade Western sanctions. Vladyslav Vlasiuk, an advisor to the Ukrainian president, said that Ukraine had already alerted its international partners to Russia’s intentions earlier this…