NFT News by Thebittimes.Com

The Ethereum network underwent a dramatic transition from the proof-of-work mining model to the proof-of-stake model on September 15, 2022. With an astounding 99.95% decrease in energy use, this much-anticipated change has ushered in a new era of sustainability and environmental friendliness in the blockchain sector. However, the second-largest cryptocurrency plummeted in 2022 following the FTX collapse, reaching a low of around $1,142 on Nov. 22, 2022. Nonetheless, ETH’s price has made significant gains in 2024. If you had invested $1000 in Ethereum every month since November 2022, you would have purchased $16,000 worth of ETH till now. However, the portfolio’s value would have surged to $31,024.33 , a spike of 93.90%. In other words, your initial investment would have almost doubled in 15 months. Also read: Dogecoin Surges 31%: Can DOGE Reach $1 in 2024? Source: CryptoDCA Can Ethereum hit $4,000? If Ethereum’s price is able to surge and sustain support around the $3,800

With the general frenzy in the cryptocurrency market that has led its representative asset, Bitcoin (BTC), to cross a massively important price target at $62,000, it is no surprise that others are following suit, including XRP, which could be looking at a rally toward $1. Indeed, the XRP token, which has surpassed the psychological threshold at $0.60, has closed above the daily Ichimoku Clouds and with a bullish hammer, expecting to target $1, according to the observations shared by pseudonymous crypto trading analyst Dark Defender in an X post on February 29. XRP price action analysis. Source: Dark Defender Specifically, Ichimoku Clouds refer to a collection of technical Analysis (TA) indicator s that show support and resistance levels, as well as momentum and direction – including a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. Picked for you Unveiled: The healthcare stock with a ce

io.net, a Solana-based decentralized physical infrastructure network (DePIN) protocol, announced a new rewards program ahead of its token debut in April.  The program , named Ignition, is set to enter its initial phase on March 1 and will continue until April 28. How does the io.net reward system work? Through Ignition, users will earn points based on their contribution of graphics processing units (GPUs) to the network.  Picked for you Crypto expert reveals the right time to sell Bitcoin 25 mins ago How much is the CEO of ARK Invest worth: Cathie Wood's net worth revealed 2 hours ago 3 cryptocurrencies for a 10x market cap increase in 2024 15 hours ago Brace for strong Cardano (ADA) surge; Here’s why 16 hours ago Other factors, such as completed job hours, node bandwidth, GPU model, uptime, as well as GPU supplier activity since its inception in November 2023 will also influence the rewards algorithm. Ahmad Shadid, io.net CEO and founder

The FLOKI price surged more than 18% over the past 24 hours to trade at $0.00005483 as of 9:30 a.m. EST as investors scoop up as much of the altcoin as they can.  The FLOKI Price Forms A Bullish Channel 4-hour chart for FLOKI/USDT (Source: TradingView ) The FLOKI price printed a series of higher highs and higher lows on its 4-hour chart over the past 48 hours, resulting in the formation of a positive price channel. This bullish momentum has enabled the altcoin to break above both the $0.00004605 and $0.00005180 resistance levels throughout the past couple of days. Should bulls continue to boost the crypto’s value, it may soon overcome the $0.00006245 barrier as well. This bullish thesis could be invalidated if the FLOKI price breaks below the lower boundary of the current price channel, which is also confluent with the $0.00005180 mark. In this alternative scenario, the meme coin may drop to the $0.00004605 support level in the short term. Continued sell pressure could then lea

The founder of Tron Blockchain, Justin Sun , has tweeted an interesting insight. Sun took to X to share how he believes trading mogul Warren Buffett owns Bitcoin. Buffett has long been known to express staunch anti-Bitcoin sentiments. However, Sun’s latest tweet has sparked interest in whether one of the wealthiest men on earth truly owns Bitcoin.  Also Read: U.S. Stock Market: Warren Buffet Buys $82 Million Worth of These Shares Does Buffett own Bitcoin? Source: Pintrest Justin Sun , who owns Huobi and Poloniex exchanges, took to X to share how he thinks Warren Buffett holds Bitcoin in his trading portfolio.  Tron’s recent claims are based on a chance meeting that the Tron Supreme had with Buffett in 2020.  Shedding more details about the event, Sun won a chance to meet with Buffett after donating a whopping $4.56 billion to the trading mogul’s wife’s charity dinner. He later sought permission to bring several friends over to this event, which was later granted.  Report

Ripple’s Chief Technology Officer (CTO) David Schwartz is set to unveil their blockchain strategy at the ETH Denver summit. The presentation will reportedly focus on advancements in interoperability, the incorporation of Ethereum Virtual Machine (EVM) capabilities, and a strategic vision for Ripple’s blockchain initiatives. The presentation is ongoing in Denver, CO. Schwartz is set to discuss the future trajectory of the XRP Ledger and its role within the broader blockchain ecosystem. Ripple XRP has an event at the seminar called the XRPL Zone. This “zone” is a setting for developers, investors, and blockchain enthusiasts interested in the XRP Ledger to discuss the project. The XRPL Zone also featured EVM workshops for interested parties to “unlock the full potential of XRP Ledger” with smart contracts programmability. Also Read: Cryptocurrency: 3 Coins To Watch Under $1 as Bitcoin Hits $56,000 Earlier this week, Ripple announced a new partnership with digital asset m

The Terra Luna Classic community has finally passed Proposal 12073 on the second attempt. Proposal to “Burn 800M USTC Through Contract Migration” was introduced for the second time on February 19. USTC gained 25% shortly after the proposal surpassed the pass threshold. The Terra Luna Classic community has finally passed Proposal 12073 on the second attempt. The Proposal to “Burn 800M USTC Through Contract Migration” was introduced for the second time on February 19, opening the voting window until February 26.  Data from ATOMScan showing details of the voting pattern revealed only 40.90% of the validators voted in favor of the proposal. Further review showed 7.32% voted against it, while 43.96% of the validators chose to abstain, with 7.82% voting “No With Veto.” Notably, Allnodes, a top validator of the Terra Luna Classic community, was among those who abstained from the voting exercise. A community member who spotted Allnodes’ abstinence seized the oppo

PEPE surged 45% in 24 hours, hinting at a bullish breakout as trading volume nears the top spot. Technical analysis forecasts a 20% price jump for PEPE if key resistance breaks. Daily active PEPE addresses soar by 85%, signaling growing investor engagement and optimism. Pepe (PEPE) has become one of the best performers among meme coins, attracting interest from cryptocurrency lovers and traders. The considerable price leap of PEPE has drawn the attention of experts and analysts who are monitoring it as it battles its way through the highly volatile crypto market.  $PEPE is almost #1 by 24h volume. pic.twitter.com/ahIcdXU4fs — Plazma (@Plazma0x) February 26, 2024 Noteworthy, the optimism about the currency’s potential is echoed by influential figures within the crypto-trading community. Concurrently, the optimism surrounding PEPE has pushed its trading volume to nearly the highest in the last 24 hours.  Moreover, bullish momentum has had the upper ha

VeChain ( VET ) has seen a significant rally over the last two weeks. The asset’s price shot up on Feb. 14, 2024, likely due to the V3TR trademark registration in the United States. The project aims to enter the financial transactions sector, covering billions in value.  VET has surged by 6.1% in the daily charts, 4.5% in the weekly charts, 58.8% in the 14-day charts, and more than 73% over the previous month. Moreover, the asset is up by 76.5% since February 2023. Source: CoinGecko Also Read: VeChain: ChatGPT Predicts VET Price After Bitcoin Halving How high can VeChain (VET) go in March 2024? Source: Zipmex According to CoinCodex, VeChain ( VET ) could consolidate at current levels. However, the platform anticipates VET ’s price to rise to $0.0488 by Mar. 17. 2024. Source: CoinCodex According to Changelly, VeChain (VET) could hit a maximum price of $0.0495 in March 2024. Reaching $0.0495 from current levels would translate to a growth of about 5.3%. As for the entire

The JasmyCoin Price has plunged 12% in the last 24 hours to trade at $0.01498 as of 12:17 a.m. EST on trading volumes that dropped 51% to $392 million. JasmyCoin Price Bulls And Bears Battle For Control Price Within A Bullish Pennant JASMYUSDT Analysis By Tradingview.com The JasmyCoin price indicates a gradual uptrend following a sustained consolidation. The bulls have found an anchor support level at $0.006562, helping them fly the price to a $0.01865 resistance level. However, the bears have initiated a correction, preventing the bulls from further profiting. The struggle for price control has led to a bullish pennant pattern, which continues the bullish trend.  While JASMY’s price is currently on a downtrend within the pennant, the bulls look to regroup at the $0.01271 support on the lower boundary of the pennant. If this scenario plays out, the bulls can drive the price above the pennant to $0.02512. Moreover, the technical indicators support the momentum as the price trad

The BRICS alliance is looking to work on an alternative currency to take on the US dollar. The bloc is working out several options to end dependency on the US dollar and promote local currencies for global trade. The alliance is also convincing other developing countries to stop relying on the US dollar and promote local currencies instead. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Reports are doing the rounds that BRICS is considering a single unit currency, similar to the Euro, to challenge the US dollar. Also Read: India Begins To Study BRICS Currency Russia ’s Minister of Finance Anton Siluanov said that BRICS members are looking at the possibility of a common unit of account and currency, similar to the Euro . Siluanov said that the currency could work as an alternative to the US dollar, and can be used to denote the cost of some commodities. “This can be a unit of account for the BRICS member countries. Not

In the current cryptocurrency market downturn, investors are actively seeking alt coins that combine stability with growth prospects. While the market often sways with Bitcoin’s movements, certain alt coins , including Alephium (ALPH), Smog (SMOG), and Spodermen (SPOODY), stand out due to their unique Features and significant upside potential. The distinct functionalities and promising outlook of these alt coins , coupled with Bitcoin’s recent decline, possibly linked to overbought RSI conditions, underscore the importance of exploring alternative cryptocurrencies for portfolio diversification. Here are three such alt coins worth considering for accumulation during this market dip. Alephium (ALPH) Aiming to pioneer a cutting-edge and energy-efficient solution for decentralized applications, Alephium addresses limitations in accessibility, scalability, and security through innovative features such as a secure UTXO model, Proof of Less Work consensus, and a custom virtual machin

Feb 23, 2024 at 20:30 // Price Author Coin Idol Bitcoin is currently trading in a range and exceeds the psychological price threshold of $50,000. Price Analysis by Coinidol.com. Bitcoin price long term forecast: bullish Bitcoin (BTC) price has started a sideways movement after reaching a high of $52,700 on February 15, 2024. The uptrend has reached bullish exhaustion, with buyers failing to sustain bullish momentum above the $52,000 high. The largest cryptocurrency has been trading in a limited range of $50,000 to $52,500 in anticipation of a possible trend. Bulls a

Shiba Inu is currently trading at $0.000009550 and is mostly moving on the back foot this year. The dog-themed token made early investors taste the success of richness by making their portfolios balloon to over a million dollars. Investors who poured a mere $650 into SHIB during its inception made more than $1 million in profits. Read here to know how a warehouse manager with a medium-income makes $1 million with Shiba Inu. Also Read: Shiba Inu: When Will SHIB Reach $0.0001? Shiba Inu: Will SHIB Make You a Millionaire Now? Source: Watcher Guru Shiba Inu can make you a millionaire now but the path to achieve the target remains narrow. For SHIB to turn its investors into millionaires again, it needs to do two things in a row. The two things that it needs to achieve aren’t easy and remain to be a herculean task. The cryptocurrency market is no longer a friendly playing field as it remains firmly under the bearish grips. So what two things need to happen for SHIB to make you a