Tag: Top

Bitcoin market setting in a major top

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According to YouTube analyst Crypto Banter, the narrative around the Bitcoin ETF hype is starting to die down, prompting investors to start taking profits. As stated in the Jan. 12 video, spot Bitcoin ETFs traded at a total volume of $4.6 billion, with Grayscale (GBTC) taking the lead. However, the analyst reveals that in taking a closer look at the data, the GBTC sales were due to higher fees and the majority of “old Bitcoin” being locked up, meaning the data shows closer to zero new inflows that might result…

Is Bitcoin Near Top Yet? What Glassnode’s Price Multiplier Model Says

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Glassnode’s model for tracking the “price multiplier” effect for Bitcoin could provide some hints about whether the asset is near the top or not so far. Bitcoin Is Observing A Multiplier Effect Of 4-5x Right Now In a new post on X, the lead on-chain analyst at Glassnode, Checkmate, has discussed the “price multiplier” effect of Bitcoin. This effect refers to the fact that the capital that flows into the cryptocurrency is not always (in fact, most of the time) the same as the change reflected in the market cap.…

Top 8 Crypto Trends That Will Dominate The Market In 2024

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Renowned analyst Ted (@tedtalksmacro) has offered a detailed forecast for 2024 in the crypto market. His analysis on X (formerly Twitter) touches on several critical points, from macro events, the Bitcoin Halving to fresh liquidity in the market. This is going to be quite a long post, summing up 2023 and looking ahead to the themes to watch if you’re investing in 2024 – so please bare with me 🫡 ✅ Summing up 2023 – China printed almost $1 trillion dollars but failed to push their economy out of the…

Blockchain Brawlers reports 309% gains as a top trending token

Ethereum ecosystem cryptocurrencies continue to lead, with Blockchain Brawlers outperforming their 12.7% increase, according to CoinGecko data. Blockchain Brawlers (BRWL), a web3 fighting game, tops the Jan. 10 trending report, exceeding its record all-time low of $0.001593 seven months earlier by 939%. The current market capitalization of BRWL stands at $21 million, securing position 1,003 on CoinGecko at the time of writing. Blockchain Brawlers price chart | Source: CoinGecko Delving further into its price performance, Blockchain Brawlers has exhibited a substantial increase of 427% over the past week. This growth…

Helium overtakes Bonk as top gainer

After reporting 26% gains, Bonk falls to the second highest gainer after Helium, according to a Jan. 9 CoinMarketCap report. Top Crypto Gainers And Losers Today | Source: CoinMarketCap In a recent update, Helium (HNT) now takes the first place in the gainer report. The decentralized blockchain network catering to the Internet of Things (IoT) devices has since seen a 27.1% surge in the last 24 hours, alongside a trading volume of $41 million. Launched in July 2019, the Helium mainnet empowers low-powered wireless devices to communicate and transmit data…

XAI a top crypto topic on eve of Binance listing

XAI is today’s second most popular cryptocurrency in crypto discourse, following its listing on the world’s top crypto exchange, Binance. XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment, and the remaining are neutral. The attention towards XAI is likely caused by today’s Binance announcement that the token would be listed on the platform. Still, the positive sentiment surrounding…

Top cryptocurrencies to watch this week: BTC, NEAR, BONK

The global cryptocurrency market recorded mixed sentiments last week, witnessing major upswings and declines. The total market cap remained flat at $1.66 trillion. Amid the rollercoaster ride, crypto assets Bitcoin (BTC), Near Protocol (NEAR) and Bonk (BONK) made noteworthy moves. Bitcoin retests $45,000 The week began on favorable grounds for Bitcoin and the rest of the crypto market amid sustained discussions about the upcoming spot BTC ETFs. Bitcoin began the week at $42,146, slipping into the new year with an uptrend that saw it finally clinch the $45,000 mark. BTC…

Akash Who? Lesser-Known Altcoin Rules Weekend’s Top 100 List With 40% Rally

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Over the course of a single year, Akash (AKT) – a seemingly unheard of altcoin – exhibited a surprising surge, with its value skyrocketing by over 1,400%, showcasing remarkable resilience and strength in the market. This strong performance not only underscores the asset’s robustness but also positions it as a notable player in the cryptocurrency landscape. Akash Network’s Remarkable Recovery Surge When the price of the Akash Network (AKT) token recovered from the $0.75 level in mid-October 2023, it began an aggressive recovery pattern within the general tone of the…

Top Crypto Exchange Binance Announces Upcoming Support for Soon-To-Be Launched Gaming Altcoin

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Top global crypto exchange Binance plans to list an upcoming gaming altcoin via its Launchpool platform. Binance Launchpool allows users to stake coins to farm new assets, the platform’s 43rd project will be the gaming blockchain Xai (XAI), which the exchange plans to list on January 9th. Between January 5th and the 9th, Binance users can stake BNB as well as the stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) into separate pools to farm XAI tokens. Binance says it will attach a seed tag to XAI, which the exchange…