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Showing posts from February, 2024

Dogecoin Experiences a Surge in Holders: Is Doge Ready To Breakout? Dogecoin Mainnet is Experiencing a Surge in Holders: Is Doge Ready To Breakout?

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The altcoin market rush is pushing Dogecoin to touch an all-time high. The crypto is standing steady at $0.1204 after experiencing a massive push in its price triggered by the latest Bitcoin bull run.  In a new development, Dogecoin’s Mainnet is notably experiencing a surge in holders. This entails that Dogecoin is becoming attractive to users in terms of investment.  As Doge continues to expand its ecosystem through renewed interest and momentum, the crypto is trading at a new two-year high.  Also Read:  Dogecoin (DOGE) Up 50% This Week, Is Its All-Time High in Play? Dogecoin Mainnet Surge in Holders: What Does That Entail? Source: NewsBTC The Bitcoin bull run has rejuvenated the cryptocurrency market to a new level. Renewed interest in altcoins suggests the momentum of keen users making the most of this latest rush. Doge in particular is attracting a credible rush of holders, as pointed out by a crypto maverick “CEO” on X.  JUST IN: The Dogecoin mainnet is experienc

Immutable Games Launches The Mobile Version Of Its NFT Card Game ‘Gods Unchained’

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Immutable Games, the blockchain gaming studio, has successfully launched the mobile version of its non-fungible token-based trading card game, Gods Unchained. Crypto gamers can now access the Gods Unchained mobile gaming application on Google Play and Apple Store from all parts of the world. Gods Unchained Launches On Apple And Android In a February 29 blog post, Immutable Games confirmed the official launching of the mobile version of its God Unchained NFT trading card game. The mobile trading card game application, now available on both Google Play Store and Apple App Store, has been in development for the past four years. The @GodsUnchained global mobile launch has arrived! We onboard the mainstream by making it frictionless and easy to play web3 games anywhere and everywhere. Download GU Mobile today on iOS or Android.https://t.co/4dg00l0HAI pic.twitter.com/9bbvti6Xya — Immutable (@Immutable) February 29, 2024 Launched in 2018, Gods Unchained is a free-to-play, turn-based c

Morgan Stanley Considers Offering Bitcoin ETF Products To Clients, Signaling Opening Of Huge Institutional Market, CoinDesk Says

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Morgan Stanley is considering offering spot Bitcoin ETF (exchange-traded fund) investment products to investors via its massive brokerage platform, CoinDesk reported, citing sources familiar with the matter. The Wall Street giant has been mulling whether to add a spot Bitcoin ETF since the US Securities and Exchange Commission (SEC) approved the investment vehicles at the beginning of the year, the story said, citing one of the sources. The matter is undergoing due diligence, it added, citing two sources. Wall Street Banks Offering Bitcoin ETF Products Opens Huge New Market Billions of dollars have already poured into the newly-launched spot Bitcoin ETFs since their launch. But if large Wall Street investment platforms such as those run by Morgan Stanley, Merrill Lynch and Wells Fargo offer their huge client bases the products, it will open the door to a huge new institutional client base.  Morgan Stanley ‘s wealth management unit boasts a whopping $150 billion in assets under mana

SEC Gears Up For Spot Ethereum ETF Decisions in March

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The SEC is preparing to discuss and make some decisions on Spot Ethereum Exchange-Traded Funds (ETFs) this March. Following the landmark approval of Spot Bitcoin ETFs in January, and their continuous success, Spot ETH ETFs could be next on the ballet for crypto implementation in stock trading. Reuters reports that the SEC is planning meetings with spot Ethereum ETF applicants next month. Since the approval of the Bitcoin ETFs though, the regulator has given delay after delay to a decision on pending Ethereum ETFs. When the Bitcoin products were approved, SEC Chair Gary Gensler made it known that despite their decision, the SEC wasn’t a supporter of Bitcoin or any other crypto. However, they approved for the benefit of trade and due to wide demand/court pressure. Source: Bitcoinist The upcoming SEC meetings will begin discussions on the pros and cons of an Ethereum ETF becoming available on the market, and will likely feature multiple sit-downs with pending applicants. Grayscale, Va

Bitcoin: $90 Million in BTC Shorts Liquidated in the Last 24 Hours

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Amid the massive surge that Bitcoin has faced, $90 million in BTC shorts have been liquidated in the last 24 hours alone. Indeed, the asset has spent the first half of this week on a monumental climb. That has continued today, with yet another rally leading it beyond the $60,000 level. Currently, the asset is up yet another 7% over the last day, according to CoinMarketCap. The increase is due in large part to the remarkable performance of Spot Bitcoin ETFs over the past several days. On Tuesday, the investment products collective surpassed $3 billion in trading volume for the second consecutive day. JUST IN: $90 million worth of #Bitcoin shorts liquidated in the past 24 hours. — Watcher.Guru (@WatcherGuru) February 28, 2024 Also Read: BTC Climbs Above $60,000: Why is Bitcoin Up Today? $90 Million in Bitcoin Shorts Liquidated Amid Rise to $60,000 Since the start of the year, the digital asset market has been tremendously optimistic regarding the performance of Bitcoin. E

Top Cryptos with Potential for 10x Returns in 2024 – Green Bitcoin, Scotty the AI, and Frog Wif Hat

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In 2024, cryptocurrencies, including Bitcoin and other altcoins currently in presale like AI cryptos and meme coins, started the year strong. When investing in cryptocurrencies, timing is crucial, especially with the next potential bull run expected in 2024 due to Bitcoin halving. This is why analysts, experts, investors, and traders have been assessing various new crypto launches that offer proven benefits to investors and have strong long-term potential. If you want to maximize your gains from the next crypto boom, here are the top three cryptos for the next bull run that you should consider adding to your portfolio. Two of them are currently in presale, offering an attractive opportunity for buyers to get in early on the next big token, while one recently debuted on Uniswap. Top cryptos to watch this year When seeking the best coins to invest in, you have numerous options to explore. In the sections below, we will analyze the top 3 cryptos that can provide you with a competiti

White House: Bitcoin Mining Significantly Strains the Power Grid

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According to a report from Fox Business’ Charles Gasparino, the White House has claimed that Bitcoin mining places significant strain on the power grid. Indeed, Gasparino reported White House concern over BTC mining following its surge in price that occurred early this week. The perception has been consistent, as it follows the administration Crypto mining tax that was proposed in May 2023. Then, the White House stated that its Digital Asset Mining Energy (DAME) excise tax would address the “economic and environmental cost” of Crypto mining . SCOOP: As the price of $BTC surges and demand outpaces supply, @WhiteHouse worried $BTC mining could put significant strain on the power grid; crypto officials tell @FoxBusiness fears are overblown but will be used to try and increase regulation on the industry. More now… — Charles Gasparino (@CGasparino) February 27, 2024 Also Read: White House Proposes 30% Tax on Electricity Used for Bitcoin and Crypto Mining White House Share

Brace for strong XRP surge; Here’s why

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The XRP token has been trading in a downtrend, making lower highs since July 2023. However, technical Analysis indicators now suggest a breakout and an incoming surge for the cryptocurrency. In particular, a bullish divergence in XRP’s weekly chart with its Relative Strength Index (RSI) was spotted by CoinsKid . The renowned trader posted this analysis on X on February 27. Notably, the expert expects an XRP price surge to $1.30 and opened a long position on the token a few weeks ago. XRP price today currently trades at $0.55, making this trade a 135% potential opportunity if it bears fruit, according to the analysis. Picked for you ChatGPT 3.5 vs. ChatGPT-4 Bitcoin price prediction for end of 2024 1 min ago 3 cryptocurrencies to turn $100 into $1,000 in March 2 hours ago This US politician just sold nearly $1 million worth of crypto 3 hours ago $1,000 invested in Bitcoin (BTC) at start of 2024 returned 4 hours ago XRP weekly RSI. Source: Coin

Magic Eden & Yuga Labs Set To Launch Their Royalty-Focused ETH NFT Marketplace Today

Magic Eden, the digital cross-chain non-fungible token marketplace, has announced ready plans to launch a creator royalty-focused Ethereum-based non-fungible token marketplace today. Magic Eden has partnered with several top NFT projects, including Yuga Labs and Chiru Labs, to launch its highly anticipated NFT market platform. Magic Eden X Yuga Labs Set To Go Live Today In a February 26 blog post, Magic Eden confirmed ready plans to launch its much-anticipated creator royalty-focused NFT marketplace today. Magic Eden will become the first major NFT project to establish an Ethereum-based NFT marketplace that is contractually obligated to honour creator royalties. Tomorrow. pic.twitter.com/3xWioC3tYq — Magic Eden 🪄 (@MagicEden) February 26, 2024 Launched in 2021, Magic Eden is one of the largest NFT marketplaces in the Solana ecosystem, with a robust suite of products and services. Magic Eden has gone beyond Solana to support other blockchain networks, including Ethereum, Polygon

Dogwifhat Price Prediction: WIF Pumps 14%, But This Solana Meme Coin Competitor Is About To Launch The Biggest Airdrop In History

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The Dogwifhat price has pumped 14% in the last 24 hours to trade at $0.372 as of 10:36 p.m. EST on a 6.3% increase in trading volume to $53 million. Dogwifhat is a Solana-based meme coin that burst onto the crypto scene late last year and has already built a market capitalization of just over $372 million. Dogwifhat Price Poised For A Bull Rally Above The Bullish Pennant Pattern WIFUSDT Analysis By Tradingview The Dogwifhat price is on a bull rally as the bulls continue the surge above the bullish pennant. The bulls have discontinued the bearish trend at the $0.1727 support level, indicating regaining price control. However, the bears have come in strongly, pausing a resistance that has allowed them to push the price downwards in a correction, leading to the formation of the bullish pennant, which indicates a continuation of the bullish trend.  Furthermore, the technical indicators support the momentum. The bulls have pushed the price above the 50-day and 200-day simple movi

COTI Price Prediction: COTI Skyrockets 118% In A Week, But This Polygon-Based Meme Coin Pumps 24% In A Day As Investors Stake Almost $11 Million

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The COTI price has soared 118% in the last week to trade for $0.2202 as of 3:20 a.m. EST time. Over the last 24 hours, the price has dropped almost 5% with trading volume dropping 31%. This points to interest shifting away from COTI. In hindsight, however, the surge in the COTI price comes after BlueBit exchange listed COTI token, welcoming the COTI Network to its spot market, paired with Tether (USDT) stablecoin. 🎉 #BlueBit is thrilled to announce the listing – $COTI 🌐 We welcome @COTInetwork addition to our spot market, trade COTI/USDT on #BlueBit. 🚀 🔹 Trading pair: COTI/USDT 🔹 Trading will open on 2024-2-26 at 14:00 (UTC) 🔹 Deposit will open on 2024-2-26 at 12:00… pic.twitter.com/slDWsDZPTl — BlueBit.io (@Bluebit_io) February 26, 2024 The surge caught traders off guard, with investors who missed the rally looking on with regret. $COTI I wish I could listen to my brain and do 100X long 😭 Well nothing goes 99% accurate it pumped without me https://t.co/Q8

Top 7 Altcoins Set to Skyrocket Before the Bitcoin Halving – Next 10X Cryptos to Explode

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With the Bitcoin halving just 54 days away, speculation intensifies on altcoins with potential 10x or 100x returns ahead of this significant milestone. The halving event reduces the rate at which new Bitcoins are created, effectively slowing down the growth of the cryptocurrency’s supply over time. By halving the rewards for miners, Bitcoin’s inflationary pressures are tempered, promoting scarcity and potentially driving up its value. The occurrence of Bitcoin halving events every four years has consistently emerged as pivotal moments within the cryptocurrency markets, frequently indicating the commencement of bullish trends. In this article, we’ll outline our top crypto picks poised to yield substantial returns in the upcoming bull run. Sei (SEI) The recent proposal from Sei and the Omni Foundation to establish a standardized framework for Ethereum NFTs may serve as a catalyst for Sei’s growth. With a standardized NFT platform, interest and investment in the project could surge, p

Top DeFi Tokens Skyrocket as Uniswap Proposes Significant Change

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UNI was overbought but high volatility and buying pressure could push the price toward $15. CRV formed a bullish divergence, indicating a possible rise to $0.80. AAVE might climb to $110 in the short term as the 9 EMA flipped the 20 EMA. Cryptocurrencies with DeFi fundamentals including Uniswap (UNI), Curve DAO Token (CRV), and Aave (AAVE) registered mind-blogging price jumps on February 23. This pump occurred because the Uniswap Foundation announced a major proposal to its fee structure. According to Uniswap, its governance lead, Eric Koen, proposed upgrading the UNI reward system. The proposal noted that stakers and delegators should have access to UNI rewards. New Governance Proposal Posted UF Governance Lead @eek637 just posted a proposal to upgrade Uniswap Protocol's governance system. Specifically, this upgrade would reward UNI holders who have staked and delegated their tokens. — Uniswap Foundation (@UniswapFND) February 23, 2024 In a d