Tag: High

Tencent Q1 2023 Earnings Statement Rides High on Increased Payment Volumes, Ad Sales, Gaming

Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.  Tencent Holdings posted its Q1 2023 results, reflecting the company’s fastest jump in quarterly revenue in over a year. The latest quarterly figures also mark a resounding rebound for the Chinese tech giant following a series of underwhelmingly flat quarters. For Q1 2023, Tencent posted an 11% year-over-year revenue jump to 150 billion Chinese yuan ($21.4 billion) compared to analysts’ expectations of 146.09 billion yuan. The Shenzhen-based tech and entertainment conglomerate attributed…

LTC Hits 2-Week High, as APE Extends Gains – Market Updates Bitcoin News

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Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again in the green, as the token rose for a third consecutive session. LTC/USD surged to a peak of $89.68 in today’s session, after starting the week at a low at $86.42. Tuesday’s rally has seen litecoin climb to its strongest point since April 30, which is the…

Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High – Bitcoin News

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Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s been skyrocketing this month. The number of daily transactions processed on the Bitcoin network has also hit an all-time high, with 682,281 transactions on May 1 and 671,668 confirmed transactions just nine days later. Bitcoin’s…

Dogecoin daily transactions hit record high, overtaking bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Daily transactions for dogecoin, the meme-based cryptocurrency, soared to an all-time high, surpassing bitcoin and litecoin. With a record of 650,000 transactions, dogecoin’s network activity surpassed other major tokens. Dogecoin on-chain activity surges In recent times, there has been a notable surge in on-chain activity within the dogecoin network, which can be primarily attributed to the adoption of the DRC20 token standard. The Dogecoin community embraced the DRC20 standard, leading to a significant increase in activity…

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions  – Bitcoin News

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Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin Tether on Brink of Record Market Capitalization Approximately 370 days ago, specifically on May 8, 2022, tether’s (USDT) market capitalization soared to an all-time high (ATH) of $83.279 billion. It was during this period that…

Bitcoin 2023 Price Rally Is Proof Crypto Would Revisit All-Time High Early Next Year

CryptoQuant’s Business Development executive Benjamin Brannan exposited on the Bitcoin’s ‘favorable’ price optics in 2023.  Crypto trading data analyzer CryptoQuant recently weighed in on Bitcoin’s (BTC) price potential and appeal in 2023. In a media session, representatives from the crypto trading analyzer opined that more institutions could shore up on BTC later this year. The decentralized data provider’s reps also forecasted the prominent token returning to its previous record high by early 2024. CryptoQuant Says Bitcoin 2023 Price Trajectory Is Up In an interview with CryptoPotato, CryptoQuant Head of BD…

PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High – Market Updates Bitcoin News

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The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance as Meme Token’s Value Plummets Despite retaining its position as the third-largest meme token in terms of market capitalization, pepe (PEPE) has been losing value since May 5, when it hit $0.00000431 per unit. Its value has since plummeted…

Roblox Raises $774M by Selling In-Game Robux Currency with Users at All-Time High

Roblox reported a total of $774 million in “bookings”, which jumped by a staggering 23% in comparison to the previous year. During the first quarter of the year 2023, the Roblox growth engine maintained pace by increasing the daily active users along with the sales of Robux, the in-game digital currency. Roblox, which is also a metaverse game platform, has been a social gathering place for many players and has reported a total of $774 million in “bookings”, which jumped by a staggering 23% in comparison to the previous year,…

Cryptocurrency Derivative Trading Market Share Hit Record High in April

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