Tag: Altcoins

Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days โ€“ Altcoins Bitcoin News

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Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions The Bitgo-backed Wrapped Bitcoin (WBTC) project has been officially in operation since the end of January 2019 and has grown significantly since its launch. At the time of writing, it is the largest operation in terms of…

Average Onchain Fees Jump by More Than 50% โ€“ Altcoins Bitcoin News

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While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the networkโ€™s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93 per transfer, but today the average cost is 54% higher at $4.52 per transfer. Rise in Ethereum Value Leads to Increased Onchain Transaction Costs Sending ethereum (ETH) is becoming more costly as the crypto assetโ€™s value has risen greatly over the…

Big Eyes, UniSwap, and Near Protocol โ€“ Three Altcoins to Consider if You Desire a Great 2023, Plus How Big Eyesโ€™ 200% Bonus Is the Hottest Thing in Crypto Nowย 

Place/Date: – January 17th, 2023 at 11:20 am UTC ยท 4 min read Source: Big Eyes Coin Photo: Big Eyes Coin As the new year begins, crypto enthusiasts are compelled to make certain tweaks to their crypto holdings going into coming trading seasons. For the prepared ones, it would be a matter of identifying the best time to make their Christmas-funded crypto purchase.ย  However, for crypto investors who may find the new year has begun too quickly to have a near-accurate analysis or effect research, UniSwap (UNI), Near Protocol (NEAR),…

5 altcoins that could breakout if Bitcoin price stays bullish

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The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data. Bitcoin (BTC) led the recovery from the front and skyrocketed above $21,000 on Jan. 14. After the sharp rally, the big question is whether the recovery is a dead cat bounce that is a selling opportunity, or is it the start of a new uptrend. It is difficult to predict with certainty if a macro bottom has been made but…

Bitcoin Weekend Run Breaches $20,000 Mark And Dominates The Altcoins

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Even if the cryptocurrency industry crashed in 2022, Bitcoinโ€™s status as the โ€œalpha coinโ€ has remained remarkably stable. With a market capitalization of over $398 billion and a trading volume of $24,180,295, Bitcoinโ€™s dominance in the last 24 hours has increased by 43%. According to market watchers, the BTC bull market officially began in 2023 and is expected to increase in value. In addition, the United States Consumer Price Index (CPI) was issued earlier this week, showing that the U.S. dollarโ€™s value is decreasing relative to other currencies. On the…

BITCOIN & ETHEREUM SCAM WICK or BREAKDOWN?

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Gareth Soloway Latest Prediction For BTC And ETH In 2023

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BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration โ€“ Altcoins Bitcoin News

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After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, weโ€™ve got a new entrant to the meme coin scene that launched on the Solana network. The crypto asset bonk inu (BONK) has a circulating token supply of around 41.5 trillion and it has managed to gather a market capitalization of around $63 million. BONK Sees Market Cap Soar to $204 Million Before Plummeting to $63 Million in 24 Hours The cryptocurrency community has been discussing a…

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues โ€“ Altcoins Bitcoin News

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According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSDโ€™s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion. Stablecoin Market Sees Fluctuations With BUSD Losing Significant Supply, Ties to Turkish Lira BUSD, the stablecoin founded by Paxos and Binance, has experienced a significant reduction in its circulating supply. Data shows that among the top…

Currency Expert Explains Why Altcoins Experience More Carnage Than Bitcoin And Ethereum

As the current bear market in crypto continues to deepen, Bitcoin has fallen by 78%, and Ethereum by 82%. Yet elsewhere in the crypto market, many altcoins are down by as much as 96% or more.ย  In a recent video, Elliott Wave International Currency & Crypto Analyst Jason Soni sheds some light on why this occurs and what this could mean for various cryptocurrencies.ย  Breaking Down Why Some Crypto Assets Crash More Than Others Bitcoin price has retraced by more than 78% from all-time highs set back in 2021. Ethereum,…