NFT News by Thebittimes.Com

The crypto currency market witnessed recovery over the weekend. Even though most assets started July 2024 on a bad note, they might be trying to end it on a rather good one. Bitcoin [BTC] was seen trying to hike above the $60,000 level. At press time, the king coin was trading at $59,880 with a 3% surge over the day. Amidst this volatility, a prominent crypto currency analyst Sheldon The Sniper urged the market to purchase three specific crypto currencies before it is too late. On his YouTube channel, the analyst listed a few assets that he thought would be a good idea to buy. He even said that given his belief that the bottom is almost in, now may be a good moment to start purchasing these tokens. crypto currencies-to-buy-this-altcoin-season">Cryptocurrencies To Buy This Altcoin Season Dogecoin [DOGE] – Elon Musk’s favorite crypto currency recorded a major dip throughout the month. But the meme coin was turning things around with a 5% daily surge. At press time, DOGE was ...

This week, a chart circulated that appeared to show stablecoin volume on the Solana blockchain declining over 90% since a series of bad events at Jump Crypto, one of Solana’s biggest trading shops.  However, whether or not Jump decreased its Solana trading activity, the claim that stablecoin volume is down 90% falls apart quickly on semantics alone. Before addressing that issue, here’s a quick summary of recent events at Solana and Jump Crypto: The CFTC launched an investigation into Jump Crypto, one of Solana’s biggest traders. The leader of Jump Crypto, Kanav Kariya, suddenly left the company. Pump.fun, a Solana meme coin generator, has gone viral, platforming countless celebrity rug-pulls. Solana announced two new types of on-chain transactions, ‘Blinks’ and ‘Actions.’ Both are non-financial codes that allow people to transact on Solana’s blockchains directly from websites and social platforms by clicking simple buttons like ‘Share’ o...

Following the upcoming approval of spot Ethereum ETFs, many experts predict that Dogecoin , Solana , and XRP are next in line. Three of the biggest cryptocurrencies on the market in terms of popularity, DOGE; SOL; and XRP would benefit greatly from being available to trade on the stock market. Recently, Ripple Labs’ president and CEO both made their case for a Ripple XRP ETF, with the CEO saying that multiple other coins are inevitably going to get their ETFs too. “People don’t want just exposure to one commodity,” Garlinghouse said in an interview with Fox Business . He added that it “only makes sense” to add more commodities to the market to give investors more options to trade. Therefore, XRP could be a new competitor to ETH and BTC ETFs on the market, as well as Solana and DOGE. If the SEC works its way through the top cryptocurrencies by market cap, BNB would be the logical contender. However, there is a growing likelihood that XRP, DOGE, and SOL will be favored more...

A Solana -to-Bitcoin cross-chain bridge is expected to launch in the third quarter of 2024. The Zeus Network will launch its Zeus Program Library (ZPL) that connects the two ecosystems by Q3 2024. “These ZPL-Assets unlock a world of opportunities on Solana ,” Zeus Network wrote on Medium on May 1. “Facilitating activities like DeFi, GameFi, SocialFi, DePIN, and more, which were previously challenging on the Bitcoin blockchain.” The Zeus Program consists of a set of Solana Virtual Machine (SVM) programs that enable developers to integrate native Solana support into decentralized applications. In turn, these programs power transactions across multiple blockchains. The ZPL assets, according to the Zeus Network, can take the form of cryptocurrencies or NFTs.  Furthermore, the network is backed by Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali. Source – Forbes Also Read: MoonPay Users Are Now Able to Buy Crypto With PayPal In addition, the Ze...

As the highly anticipated Bitcoin halving event approaches, cryptocurrency investors and enthusiasts are eagerly seeking opportunities to maximize their potential gains. While Bitcoin remains the undisputed king of cryptocurrencies, there are other coins that have the potential to deliver significant returns during this crucial period. I In this article, we will explore three cryptocurrencies that you should consider adding to your portfolio before the Bitcoin halving: Bitcoin (BTC), Solana ( SOL ), and Shiba Inu (SHIB). Also read: How High Can Ethereum (ETH) Rise In April? Bitcoin (BTC) Bitcoin is a must-have for any investor during the halving period. As the pioneer of blockchain technology, Bitcoin has established itself as a store of value and a hedge against traditional financial systems. With a current price of $69,883.44 and a 2.14% drop in the last 24 hours, Bitcoin boasts an impressive market capitalization of $1,374,456,029,885, SOL idifying its position...

With Solana ’s memecoin mania seemingly reaching fever pitch, multiple token presales have been announced over the past few days with varied results. One such project, SLERF, raised $10M on Solana before disaster struck at launch. According to the project’s developer, while attempting to burn SLERF’s LP tokens (which would ensure liquidity for trading the token) they also accidentally burned the tokens allocated to presale investors. Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop. Mint authority is already revoked so I can not mint them. There is nothing I can do to fix this. I am so fucking sorry. — Slerf (@Slerfsol) March 18, 2024 With the minting functionality already disabled, there was little to be done for those who had invested before launch. However, the error seemed to draw plenty of attention and, with no presale holders to dump on them, memecoin-hungry traders aped in. Dev: Shows complete incompetence by burning $10M USD ...

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...

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000. Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.” While many analysts believe that the ETF listing will be a watershed moment for Bitcoin, Genesis Trading head of derivatives Joshua Lim cautioned in a X post that traditional finance investors have already bought the rumor and may exit the trade close to the ETF announcem...

The price of Solana’s (SOL) token has surged over the past week, rising nearly 35% to hit a price of $42.41. This latest rally brings Solana’s gains to over 322% year-to-date. According to a Nov. 2 Analysis by Altcoin Daily, surge in Solana’s price can be attributed to various developments and factors. The ongoing Solana Breakpoint conference in Amsterdam is generating a buzz, bringing together influential figures from the Solana community and generating excitement about its future prospects. On another front, the bullish report from investment management firm VanEck suggests that Solana could potentially outpace Ethereum (ETH) by the end of the decade, further cementing its reputation as a top-tier smart contract platform. Despite the fallout from the FTX exchange collapse and the legal issues surrounding its founder, Sam Bankman-Fried, investor confidence in Solana’s independence seems to be on the rise. You might also like: Why everyone is talki...

Back in September 2021, the Alonzo upgrade opened the doors for smart contracts on Cardano . At that time, the community was quite excited about NFTs being introduced on the platform. During the initial days, people did try to test out the roll-out. However, it failed to gain much traction, as users were still reliant on other blockchains like Ethereum, Solana , and Polygon to trade their jpeg collectibles. Nevertheless, Cardano currently stands in a much better position. Even though the aforementioned networks retain the top positions along with ImmutableX and BNB Chain, Cardano has been able to manage to rise above Arbitrum, Flow, Ronin, Avalanche, Fantom, Algorand, Cronos, and Tezos by settling more volume via sales in the past 30 days. While the gap between Ethereum, Solana , and Polygon’s numbers seemed to be quite wide for Cardano at press time, it was merely a couple of million off of BNB Chain’s figure. The same is tabulated below. Source: CryptoSlam Also Read: Eth...

The crypto market corrected on news of the CFTC suing Binance and its CEO Changpeng Zhao, but technical charts reveal a silver lining. The news and events related to the banking crisis in the United States and Europe have led to a rotation of funds into investments considered less risky. According to the Financial Times, the U.S. money market funds in March witnessed an inflow of $286 billion.  Along with money market funds, a portion of the money may also have seeped into the crypto industry. The increased demand could be one of the reasons for Bitcoin’s (BTC) strong performance in March. The big question in crypto investors’ minds is whether the recovery will continue or if it is time to book profits in Bitcoin. Daily cryptocurrency market performance. Source: Coin360 Bitcoin hodlers seem to be confident in the long-term story and are not getting lured into selling their holdings after the recent rally. According to Glassnode data, the percent of Bitcoin supply that has remained do...