NFT News by Thebittimes.Com

The Jeo Boden price plummeted more than 22% over the past 24 hours to trade at $0.0337 as of 7:30 a.m. EST as investors frantically offload their holdings in the political meme coin. This drop in the BODEN price comes as Poly market odds of President Joe Biden dropping out of the presidential race skyrocketed 176%. Yes shares on the betting platform are currently trading at $0.63, which means the market believes there is a 63% chance that Biden will drop out. The Jeo Boden Price Testing A Critical Support 4-hour chart for BODEN/USD (Source: GeckoTerminal ) The Jeo Boden price is testing the key support level at $0.03371. Should it fall below this crucial mark, the meme coin could be at risk of plunging to as low as $0.00015 in the following 24 hours. BODEN managing to stay above $0.03371 for the next 12 hours might invalidate the bearish thesis. In this alternative scenario, the crypto will have several technical obstacles to overcome. Before the Jeo Boden can start to climb...

Justin Bons, Founder and CIO of Cyber Capital Europe’s oldest cryptocurrency fund, criticized the current dominant finance model in the cryptocurrency market based on Venture Capitalists’ (VCs) fundraising. According to Justin Bons, cryptocurrencies are currently dominated by “predatory VCs.” This situation, according to Bons, stems from regulatory pressures that have made Initial Coin Offerings (ICOs) effectively illegal, handing over the entire early-stage market to VCs. Previously, Finbold reported another analyst sharing a similar view about the topic. Miles Deutscher highlighted these new fundraising dynamics as one of the “fundamental flaws” preventing crypto currencies from reaching higher grounds. Picks for you Solana vs. Avalanche: Will AVAX's steady rally overtake SOL's FOMO surge? ...

TLDR SUI shows resilience and maintains optimism amidst market fluctuations.  Bittensor (TAO) surges 140% in 30 days, promising continued growth in a volatile market. Milei Moneda ($MEDA) shows early profits, with a presale offering the potential of a 100% ROI . Amidst the market ’s downward spiral, stability shines through, with SUI and Bittensor (TAO) holding their ground. Adding to the optimistic move is the emergence of Milei Moneda ($MEDA) , a new token that some analysts are predicting could have huge profit potential . Let’s dive into the details of these trends to discover the future outlook of these coins.  Economize Like Milei: Invest in $MEDA SUI holds strong against market fluctuations, eyes bullish future Amidst the Crypto market ’s rollercoaster ride, SUI has proven its resilience despite the market ’s recent peak of $1.71 trillion, and drop to $1.54 trillion. This altcoin has been able to maintain an opt...

Despite significant steps in the acceptance of cryptocurrency and blockchain technology in the world of mainstream finance, investors are still somewhat reluctant to invest in stock s in this domain. However, this blockchain stock is quietly outperforming the market and, therefore, many first-choice investing assets. The blockchain stock currently beating the market is Cipher Mining (NASDAQ: CIFR), a technology company devoted to industrial-scale Bitcoin (BTC) mining data centers located throughout the United States. Although it was incorporated as recently as 2020, its stock value is somewhat volatile but steadily increasing, achieving a price hike of 100% . About Cipher Mining Cipher Mining, Inc. (NASDAQ: CIFR ) is an American technology company dedicated to expanding and enhancing critical Bitcoin blockchain infrastructure with industrial-scare Bitcoin mining data centers. Founded in 2020 and based in New York, Cipher Mining operates four Bitcoin mining rigs in Te...

Good fundamental cryptocurrencies with lower market caps can present appealing risk-reward potential in the constantly evolving crypto ecosystem. In this article, Finbold has picked three assets that could reach $10 billion in market value in 2024. However, it is important to understand that the following crypto currencies are either experimental projects or require specific conditions to grow. Specifically considering the regulatory environment. For this list, we looked at fundamental aspects of these projects, including decentralization, security, utility, and competitive advantages against higher capitalized coins. Monero (XMR) could reach a $10 billion market cap In particular, Monero (XMR) is a $2.18 billion market cap cryptocurrency despite being one of the most solid projects. This is the leading native-privacy coin in the market, with an innovative, fully decentralized technology already proven over the years. Picked for you Grok AI predicts Gold price for the e...

During the first two days of trading in the newly SEC-approved spot bitcoin ETFs, nine tickers took in approximately $1.4 billion of new cash inflows. According to Bloomberg, a single ETF, Blackrock’s IBIT, took on $497 million of new cash. Eight other ETFs, namely FBTC, BITB, ARKB, EZBC, BTCO, BRRR, HODL, and BTCW, took on $900 million of new cash. Meanwhile, Grayscale’s Bitcoin Trust (GBTC) converted into an ETF over the weekend after experiencing $579 million in outflows on Thursday and Friday. In total, inflows into the nine ETFs minus outflows from GBTC’s trust-turned-ETF totaled $819 million . When the SEC reluctantly approved 11 bitcoin ETF s, some enthusiasts expected the price of bitcoin to jump. Of course, the Wall Street adage “Buy the rumor; sell the news” applied to this news event, as it usually does. One day before the ETFs were approved, the price of bitcoin did briefly spike to over $48,625 on a fake approval tweet from a hacked SEC social media account. Howeve...

Sei, Kaspa, and the memecoin Bonk are leading today’s gains, with notable price and trading volume surges.  Sei has witnessed a remarkable 21% increase in value over the past 24 hours and an impressive 64% rise over the week. This surge is primarily attributed to the heightened activity on the Pallet Exchange, Sei’s native NFT trading platform. The platform recently celebrated a significant milestone, surpassing $1 million in market place volume on Boxing Day, reflecting a growing interest in NFT trading within the Sei ecosystem. Sei is known for its unique approach to blockchain technology, focusing on optimizing the trading experience with high transaction speeds and reduced costs, making it a favored choice among traders. Pallet $SEI NFTs Pallet Exchange has crossed over $1million in marketplace volume! This is a huge milestone for not only ourselves, but this vastly growing ecosystem. We are still extremely early. NFTs on $SEI are just getting started. ️ pic.twitter...

Robert Kiyosaki, the author renowned for the best-selling personal finance book ‘Rich Dad Poor Dad, ‘ has built a reputation over the years for making numerous predictions concerning the financial world. As the global financial sector grapples with multiple challenges in 2023, the author has stepped forward to forecast what may unfold in the upcoming year. His predictions focus on both the traditional financial space and cryptocurrencies. Here are his three main predictions for 2024 by the financial educator. Bitcoin could hit $120k  Kiyosaki’s first prediction centers on the destiny of Bitcoin (BTC) and the US dollar. The investor’s forecast is grounded in the actions of the BRICS nations—Brazil, Russia, India, China, and South Africa—who are anticipated to unveil a gold-backed cryptocurrency, symbolizing the potential decline of the US dollar. According to Kiyosaki, Bitcoin, and precious metals, including gold and silver, are poised to benefit, as in...

Solana (SOL) token has surpassed BNB from the Binance cryptocurrency exchange in terms of market capitalization. SOL’s capitalization reached $41.724 billion, and BNB’s capitalization was $41.721, according to CoinMarketCap. However, Solana’s trading volumes are more than three times higher than BNB’s in the last 24 hours. The price of SOL has increased by 78% over the month and by 15% in the last 24 hours amid rapid growth in market capitalization. On Dec. 20 the token overtook Ripple’s XRP in market capitalization and broke into the top 5 of the ranking. The growth of Solana’s price has caused an increase in interest in the ecosystem and activity on the blockchain. Source: CoinMarketCap The number of Google searches for “Solana” also increased by 250% from the beginning of October to the beginning of December. In addition to the network’s native token, other tokens issued on the Solana chain have also recently increased in p...

In the last two months, traders from South Korea have largely contributed to the active growth in the volume of the cryptocurrency market . Thus, the share of local trading platforms has more than doubled since January of this year – from 5.2% to 12.9%, Bloomberg reported. According to Jamie Sly of CCData, South Korean platforms have played a huge role in the growth of trading activity on centralized exchange s (CEX). He also added that most of the trading volume came from domestic Upbit. Source: Bloomberg Analysts from the South Korean blockchain platform CryptoQuant emphasized that traders from South Korea are responsible for the global growth in altcoin trading volume. Earlier this month, Korea’s second-largest exchange , Bithumb, is set to enter the local stock market in 2025. Now the site is preparing for an initial public offering (IPO) on KOSDAQ, the South Korean analogue of Nasdaq. It is assumed that in this way the crypto platform wants to increase user ...

The potential approval of a spot Bitcoin (BTC) exchange-traded funds (ETFs) is expected to boost the price of Bitcoin, but some analysts are concerned that it may not be sufficient to completely revive market sentiment. On October 24, Bitcoin experienced its most significant single-day rally in over a year, with a surge of more than 14%. This rally was triggered by the news that BlackRock’s spot Bitcoin ETFs, known as IBTC, had been listed on the Depository Trust & Clearing Corporation (DTCC) website. This development was seen as a positive step forward for the ETF’s application. The price surge on October 24 was even stronger than the one on October 16, which was based on incorrect information from Cointelegraph suggesting that a spot Bitcoin ETFs had been approved.  (BTC year-to-day (YTD) performance. Source: Finbold.com) According to a pseudonymous trader known as TheFlowHorse, who has a substantial following on X, these two market events provide a hint of...

As the majority of assets in the cryptocurrency sector have returned to their previous state prior to the rally triggered by the fake news regarding the spot Bitcoin (BTC) exchange-traded fund (ETF) approval, Ethereum (ETH) whales have taken the cue and switched on the accumulation mode. Specifically, Ethereum whale addresses in the billionaire tier, i.e. cryptocurrency wallets with at least 1 million ETH, currently hold 32.27% of the available ETH supply for the first time in seven years, according to the information offered by cryptocurrency market analytics platform Santiment on October 17. Indeed, as the analytics platform’s chart Analysis indicates, these “uber whale addresses with 1M+ ETH” currently own almost a third of all Ethereum supply for the first time since July 2016. At the same time, the whale transactions exceeding $1 million in ETH had their second-highest day in five weeks on October 16, counting around 520 transfers. Ethereum 1M+ wallets and transactions ov...

Prominent Bitcoin developers and market analysts highlight BTC’s relative performance to the broader cryptocurrency markets at Bitcoin Amsterdam. The Bitcoin (BTC) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions in the broader crypto currency space. This was a key takeaway from in-depth interviews with Bitcoin developers, advocates, analysts and influential figures during the Bitcoin Amsterdam 2023 conference. Jameson Lopp, the CEO of Bitcoin custody firm Casa, provides food for thought with less than a year to go before Bitcoin’s next mining reward halving. In a conversation with Cointelegraph, the Bitcoin advocate and software engineer said BTC’s value proposition has been a stronghold through months of tough market conditions: “During the bear market, so many people have lost money on all these other tokens. Once again, Bitcoin is shining as the safer asset.” Dylan LeClair is another prominent voic...

The overall stablecoin market has witnessed a staggering 35% dip in the past year and a half. Terraform’s collapse last year and the subsequent fall of its native Terra USD (UST) stablecoin triggered a chain reaction, which caused the valuation of the stablecoin sector to shrink from $189 billion in May 2022 to a mere $123 billion presently, per data from DefiLlama. Stablecoin Diversity & Market Risks As of now, the cumulative market cap of #stablecoins stands at a staggering ~$123 billion according to @coingecko and @DefiLlama. Dive with us deeper pic.twitter.com/QEZSgM0XFb — GSU | Protocol (️,) (@GSUcoin) October 4, 2023 According to analysts, the daily trading volumes of stablecoins have also been on a downward trajectory, nosediving from a peak of $150–300 billion to a mere $50 billion. Some, like Bluechip co-founder Vaidya Pallasena, attribute this dip to various factors, including the surge in U.S. Treasury yields since mid-2022, which made it difficult t...