NFT News by Thebittimes.Com

The Shibarium network, an Ethereum Layer 2 network that was developed and launched by the Shiba Inu team, did well following its initial launch in August 2023. However, less than one year following its launch, the Layer 2 network has run into some hard times, losing market share to larger counterparts. This has led to a decline in activity for the network as a whole, and so far this week, the Shibarium network has seen a major decline in active accounts. Shibarium Active Accounts Drop 80.3% In 4 Days The Shibarium network is currently struggling with adoption of the blockchain as its parent Layer 1 blockchain, Ethereum, is fighting against the likes of Solana to keep its users. Furthermore, Ethereum Layer 2 networks such as Base by Coinbase have also drawn out a reasonable number of decentralized finance (DeFi) users, putting it ahead of Shibarium. Related Reading Golden Cross Appears On XRP P...

Bitcoin (BTC) has become a key part of Tesla’s money plans. As we look at Tesla’s Q2 2024 earnings, it’s clear that the company’s approach to cryptocurrency keeps changing as it deals with market ups and downs and government rules. Also Read: Bitcoin’s $100K Surge: Analyzing BTC’s Bullish 2025 Prediction tesla -q2-earnings-and- bitcoin -strategy-amidst-market-volatility">Tesla Q2 Earnings and Bitcoin Strategy Amidst Market Volatility Source: CriptoNoticias tesla -s-q2-2024-financial-performance">Tesla’s Q2 2024 Financial Performance Tesla’s Q2 2024 financial results were mixed. The company earned $25.5 billion in total revenue, surpassing the expected $24.63 billion. That said, car sales revenue fell 7% to $19.9 billion from $21.27 billion in the same quarter last year. Tesla’s earnings per share were 52 cents, below the expected 62 cents. Spending on new projects rose 10% to $2.27 billion, with $600 million used for AI tech. Tesla’s Continued B...

The crypto market is currently in a state of calm, with investors eagerly anticipating the next bull run. Altcoins present a compelling opportunity, as they are still at attractive entry points but are already showing signs of upward momentum. These digital assets are poised to surge, and this article aims to highlight the key coins that are ready for growth. As the countdown to the 2024 crypto boom begins, understanding which altcoins to accumulate could be the key to significant gains. Dive into this analysis to discover the promising contenders and gain insights into smart investment strategies before the market takes off. CYBRO Presale Achieves $1.3 Million Milestone: A One-in-a-Million Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1.3 million . This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential ...

One Solana (SOL)-based meme token could be facing a correction after hitting new all-time highs over the weekend, according to the crypto analytics firm Santiment. Santiment notes that Popcat (POPCAT) drew attention from mainstream traders after skyrocketing from trading at around $0.469 on July 11th to a new all-time high of $0.987 on Saturday, an increase of more than 110%. Explains the analytics firm, “Historically, this level of sudden interest as a result of a price surge has a high chance of leading to a correction, where better entry points are likely.” Source: Santiment/X The correction may already have begun: POPCAT is trading at $0.853 at time of writing and is down nearly 7% in the past 24 hours. The 98th-ranked crypto asset by market cap is still up nearly 14% in the past seven days. Santiment also notes that Bitcoin traders, especially BTC bears, have mellowed down on social media after the crypto king ignited an “unexpected...

After bagging $4 million last week, Pepe Unchained ($PEPU) is back on the grind, pushing its total funds raised to over $5 million. Pepe’s latest and most badass version, complete with its own Layer 2 chain on Ethereum, marked its one-month milestone by swiftly raising $1 million in the last three days. The crypto market isn’t yet in full altcoin season mode, but that hasn’t stopped investors from pouring new capital into Pepe Unchained week after week, seeing it as not just an improved Pepe but the new face of the cryptofication of meme culture. Currently priced at $0.008596, its native token, $PEPU, will jump to $0.00863040 in less than 24 hours as it smashes another presale stage with relative ease. Now’s the perfect time to grab some $PEPU before it hits major exchanges and its Layer 2 chain goes live. Once that happens, $PEPU’s price direction is set on course to the moon, and anyone who missed out now will h...

The political landscape in the US has seen a significant development after President Joe Biden announced he was dropping out of the presidential rally. Following the news, the PolitiFi memecoin sector saw a major shift as Biden-themed tokens immediately plunged and Kamala Harris-inspired tokens soared. Related Reading Bitcoin Price Retraces To $66,736: Can Bulls Stage A Recovery? 17 hours ago Crypto Community Celebrates Biden’s Candidature Withdrawal The November elections have been a hot topic for the crypto industry. After years of a hostile and “overreaching” regulatory approach from the US government, politicians’ stance on cryptocurrencies has become a turning point for many voters. On Sunday afternoon, US President Joe Biden announced he was stepping down as a Presidential Candidate for the upcoming elections. Biden detailed that h...

Chainlink (LINK) seems to be following the larger market recovery. The asset has rallied 2.2% in the daily charts, 4.9% in the weekly charts, 15.1% in the 14-day charts, and 4.3% over the previous month. The market recovery could be due to increased investor confidence, fuelled by the rising chances of Donald Trump winning the US Presidential race. Trump is a vocal crypto supporter, and his chances of reclaiming the Oval Office have greatly increased after the assassination attempt on his life. Also Read: Chainlink Predicted To Rally 24% and Hit $15.50: Here’s When While LINK is already on the recovery path, prominent crypto analyst Ali Martinez predicts the asset to hit $18.3 if it sustains its price above $14.7. Hitting $18.3 from current price levels would translate to a growth of about 27%. LINK climbed to $15 earlier today but has since fallen to $14.4. How high will Chainlink go this week? Source: Blockchain News According to the researchers at CoinCodex, LINK will rise to $15.19...