NFT News by Thebittimes.Com

Cryptocurrency analyst and trader Ali Martinez is saying that blockchain oracle Chainlink (LINK) possesses upside potential based on the readings of one indicator. Martinez tells his 60,600 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is “flashing” a bullish signal for LINK on the 12-hour chart. The TD Sequential indicator is a technical Analysis tool used to identify potential price reversal points that typically follow the exhaustion of a trend. According to Martinez, LINK could go up by around 12% from the current level if a key support area holds. “If LINK stays above the $13.87 support, we could see a strong rebound to $15.50.” Source: Ali Martinez/X Chainlink is trading at $13.90 at time of writing. While Martinez is bullish on Chainlink over the short term, fellow pseudonymous analyst Altcoin Sherpa recently expressed concerns about LINK’s inability to witness massive rallies after building a ...

Former Goldman Sachs executive Raoul Pal believes two digital asset subsectors could witness absurd valuations when the market hits crypto summer. Pal tells his one million followers on the social media platform X that during the “crypto summer” phase of the current market cycle, altcoin projects related to artificial intelligence (AI) and tokenized real-world assets (RWA) could go parabolic. A “crypto summer” generally means increased prices and higher trading volume. Says Pal, “But Crypto Summer and Fall will be confusing because everything will have a narrative and will get caught up in euphoria. This is when memes really get silly in price, unproven narratives like AI and RWA go to dumb valuations, etc.” He also believes that Ethereum (ETH) could outperform Bitcoin (BTC) during this time and Solana (SOL) could outperform both Bitcoin and ETH. “Crypto summer is usually the start of alts season which goes full ‘bubble-tastic’ in fall. This is whe...

dYdX and Ethena have token unlocks of over $70 million and $45 million respectively scheduled for May 1 Sui and Memecoin cliff unlocks are set for May 3 AEVO and PYTH will see token unlocks exceeding $1.2 billion (at current prices) in May. dYdX (DYDX), Sui (SUI) and Memecoin (MEME) are all trading in the red on Tuesday, down between 2% and 5%. Meanwhile, Ethena (ENA), which launched on exchanges recently, is defying the broader market with more than 6% gains in the past 24 hours. These projects, according to details from TokenUnlocks, have cliff token unlocks lined up for early May. DYDX, ENA, SUI token unlocks As the crypto market exits April, altcoins continue to mirror Bitcoin’s price movements. Among those to likely be in the spotlight this week though are tokens set to unleash huge part of their supply into circulation. Data from TokenUnlocks shows that DYDX, SUI, ENA and MEME are headed for major token releases this month. The above tokens all...

EigenLayer’s token EIGEN will launch in May, with a total supply of 1.67 billion tokens. The Eigen Foundation has announced an airdrop for the community, set for May. The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, has announced the launch and distribution of the native token EIGEN. Alongside the announcement for the token, the foundation and the Eigen Labs team unveiled the EigenLayer whitepaper. The project, which attracted investment from Binance Labs and a16z early this year, has seen tremendous growth in terms of staked Ether (ETH). EIGEN token launch and airdrop According to today’s announcement, the Eigen Foundation will launch the EIGEN token in May. An airdrop for the community of stakers on EigenLayer will also go live. The new token is set at a total supply of 1.67 billion, with 45% of the EIGEN tokens allocated to the community. Today the @eigenfoundation introduces EIGEN, bas...

The Australian Securities Exchange (ASX) is expected to approve for listing this year spot Bitcoin ETFs (exchange-traded funds), Bloomberg reported, citing persons familiar with the matter. Two Bitcoin ETF applications have already been submitted, with a third application in progress, the Bloomberg story said. Australia is set for a wave of Bitcoin ETF launches this year, following in the footsteps of the US and Hong Kong, as issuers like VanEck and BetaShares line up for listings https://t.co/tVRBCUYonl — Bloomberg Crypto (@crypto) April 28, 2024 The two applications are from VanEck Australia and BetaShares, a local ETF-focused fund manager. Spot Bitcoin ETFs in Australia could bring inflows of anywhere from $3 billion to $4 billion within the first three years of approval, Jeff Yew, CEO of fund manager Monochrome, told CoinTelegraph. ASX is Australia’s dominant stock exchange, accounting for about about 80% of the country’s local trades. As of March, ASX had ...

A Solana (SOL) ecosystem cryptocurrency trader made nearly 4,000% of unrealized gains in a 5-hour trade, raising alerts for insider trading. The initial investment worth $49,000 suddenly became a $2 million stack of TORI, a recently launched meme coin. According to a report by Lookonchain , a trader spent 344 SOL, worth $49,000, to purchase 261.4 million TORI. The initial SOL originated from two Binance withdrawals to two new wallet addresses on April 25 and 26. Notably, the trader transferred the TORI tokens to multiple addresses on April 28, immediately after buying them. The 261.4 million TORI has a valuation of $2 million and reached approximately five hours after the trading activity. Picks for you 2 cryptocurrencies to reach $100 billion market cap in May 14 mins ago ‘Final warning’ as Bitcoin faces imminent devastating capitulation 1 hour ago Popular Bitcoin wallet bans United States citizens from its service 2 hours ago Has Bitcoin topped out? P...

TLDR What is Rebel Satoshi ? What are the growth prospects of $RBLZ and $RECQ? The crypto market has performed laudably thus far in 2024, with top crypto coins recording massive gains. However, a recent slowdown has forced some crypto whales to migrate to Rebel Satoshi’s $RECQ token, which has positioned itself as a leading meme coin after jumping 85% during its ongoing public presale. Will $RECQ continue climbing to become the biggest meme coin in 2024? What is Rebel Satoshi? Rebel Satoshi is an up-and-coming meme coin project that follows in the rebellious footsteps of Satoshi Nakamoto and Guy Fawkes. Specifically, Rebel Satoshi aims to challenge the status quo in the crypto industry by fighting centralized crypto entities. In doing so, Rebel Satoshi believes it can push the crypto industry to a new age of decentralization. While this is a daunting mission, Rebel Satoshi has embraced a unique approach, which involves uniting the silent majority...

Shiba Inu (SHIB) is one of the best-performing assets of the last four years. Between its launch in August 2020 and hitting its all-time high of $0.00008616 in October 2021, SHIB’s price rallied by many million percent. Early Shiba Inu (SHIB) investors became multi-millionaires and, in certain instances, even billionaires. You could have become a millionaire with SHIB by investing as little as $5 a month. If you had put $5 monthly into SHIB since its launch in August 2020, you would have invested $220 till now. However, the portfolio’s value would have skyrocketed to $9.31 million, a rise of 4,233,636% (4.2 million percent). Source: CryptoDCA Also Read: Shiba Inu Makes Crucial Shibarium Announcement: Can SHIB Hit $0.0001 In May? However, if you had invested $5 every month till SHIB reached its all-time high in October 2021, you would have invested $75. In this scenario, the portfolio’s value would grow to $13.99 million, a rise of 18,655,517.5% (18.65 milli...

Apr 26, 2024 at 09:31 // Price Author Coin Idol The price of Ethereum (ETH) is bearish after bouncing off the 21-day SMA or resistance at $3,200. Price aa Long-term Analysis of Ethereum price: bearish The largest altcoin was in an upward correction and rallied to the 21-day SMA or resistance at $3,200. The 50-day SMA would have also been the target of the upside momentum if the 21-day SMA barrier was breached. Ether crashed after the rejection at the moving average lines. The altcoin is currently trading at $3,132. On the downside, E...

The crypto market is becoming more bearish as the much anticipated halving pump has failed to materialize. On the other hand, anticipation of the return of the bull market is on the rise as altcoin prices are showing a positive outlook.  Even though ETH lost nearly 2% of its value due to the general bearish outlook of the crypto market, it holds a reputation as one of the most used networks in the industry. Moreover, the top trending assets on the platform are among the top gains in the market today. Below is a quick overview of some of the top trending cryptos on the Ethereum chain . Most Trending Cryptos on Ethereum Chain   In addition to highlighting the trending tokens on the Ethereum chain, the article also reveals one of the top trending upcoming crypto projects for investors to include on their watchlists. The Slothana presale rose to the limelight a few weeks ago, and its community of over 18 thousand raving fans.  1. Olympia AI (PIA) Olympia AI Token (PIA) h...

Christian Langalis, colloquially known as the ‘ Bitcoin Sign Guy,’ has decided to auction off the piece of paper on which he wrote ‘Buy Bitcoin ,’ and held up behind Janet Yellen in 2017 during a Ho US e Financial Services Committee. The former Cato Institute intern, who now works on projects on decentralized personal server platform Urbit, stated, “When Bitcoin ers ask me about the sign, I tell them, ‘you’d have done the same in my seat.’” According to a Bloomberg article, Langalis turned down a private five-BTC offer in the hopes that the auction would fetch a higher price. His gamble seems to have paid off, with the sale amounting to 16 BTC — over a million dollars at the time of sale and 220% more than the private offer. One bidder appeared to briefly misclick a bid, rocketing the price to 100 BTC before they corrected their bid down to 10 BTC. The anonymo US winner of the Bitcoin sign went by the US ername ‘Squirrekkywrath.’ T...

Several analysts have expressed optimism, suggesting that Cardano (ADA) is poised for a bullish market surge in the near term. ADA recently went on an impressive spike on the last day of February, registering a 14% gain to push its price above $0.7 for the first time since May 2022.  Related Reading: BNB Barrels Past $400, As Binance TVL Nears $5 Billion – Details Despite these gains, there have been concerns from some investors of ADA potentially falling behind in its performance relative to Bitcoin in the last bull cycle. Popular crypto analyst Dan Gambardello addressed some of these concerns in a recent video posted on X. He mentioned that Cardano is currently within a typical trend and that a bull indicator which is expected to welcome a parabolic price spike would soon be triggered. Parabolic Rally For Card...

Hedge funds are starting to succumb to the lure of crypto memecoins in search of bigger gains, according to a report from Bloomberg. Newport Beach, California-based fund Stratos – backed by heavyweight investors Marc Andreessen and Chris Dixon – reportedly recorded 137% gains in Q1 by allocating part of its portfolio to dogwifhat (WIF), which is now the biggest memecoin on Solana (SOL). Says Stratos’ founding partner Rennick Pallet, “The unspoken truth is that if the fund isn’t doing it, the people working at the fund are doing it.” While meme coins essentially started as a joke – perhaps with the launch of Dogecoin (DOGE) in 2013 –the investor says that more hedge funds will inevitably start taking the sector more seriously as they become more comfortable with digital assets in general. “People will become more comfortable with the concept over time, not dissimilar to how people became comfortable with crypto overall… I wouldn’t be surprised...

Blocktrade, a crypto trading platform, announced that its Arcade feature has surpassed one million gameplay s in the three months since its launch, according to the information shared with Finbold on April 24.  This milestone underscores the immediate popularity of the Arcade among users who appreciate its mix of gaming excitement and trading thrills. Gamified trading experience The Blocktrade Arcade is designed to enhance the trading experience by introducing engaging gamified content, creating a more interactive and dynamic environment.  Picks for you Bitcoin aims $70,000 this week as FOMO takes over the crowd 6 mins ago AI predicts HBAR price for May 1, 2024 10 mins ago Dexalot’s Central Limit Order Book DEX launches on Arbitrum 18 mins ago AI predicts Silver price for May 1, 2024 35 mins ago These arcade-style games also foster a sense of community, a departure from the often solitary nature of crypto trading. At its launch, Bl...

One cryptocurrency sector that has been gaining significant traction in recent times is the AI and big data space. According to a recent tweet by Santiment, a leading cryptocurrency analytics platform, the top 100 AI and big data projects have collectively grown their market caps by an impressive 22% in the past week. As the AI and big data sectors continue to boom, three projects have emerged as front-runners, seeing major growth and attracting the attention of investors and traders alike. These projects are Openfabric AI (OFN), Aleph.im (ALEPH), and Akash Network (AKT). Also read: Ripple (XRP) Forecasted To Hit $1.9 If This Happens The top 100 #AI and #BigData projects have collectively grown their market caps by +22% in the past week. The sector continues to boom with front-runners like @openfabricai (+78%), @aleph_im (+64%), and @akashnet_ (+49%) seeing major growth. It is always advisable to do… pic.twitter.com/G7fjFl8LuV — Santiment (@santimentfeed) Apr...

99Bitcoins, a new Bitcoin alter native boasting a trusted educational platform for crypto, has launched its native token, $99BTC. This Learn-to-Earn project has already garnered over $720,000 in its presale, with $99BTC currently offered at an affordable $0.00102 per unit. Users can earn cryptocurrency rewards by completing educational modules and quizzes. A trusted crypto educator launches a learn-to-earn token presale, stepping into Web 3.0 As the cryptocurrency landscape continues to evolve, 99Bitcoins is at the forefront, making headlines with its groundbreaking “Learn to Earn” token presale. Launched strategically after the recent Bitcoin halving event, the 99BTC token marks a pivotal shift in the project’s journey towards Web 3.0, building on its established reputation as a leader in crypto education. Established in 2013, two years before the advent of Ethereum and four years after Bitcoin’s inception, 99Bitcoins initially emerged as a straightforwa...