BAYC’s unimpressive performance dragged it down to the 13th position in terms of NFT sales. Sales of collections built on Ethereum also dropped. Bored Ape Yacht Club [BAYC] was one of the worst-performing collections in the NFT market after sales decreased by 54.86% in the last 24 hours. According to AMBCrypto’s analysis of CryptoSlam, two Bitcoin [BTC] Ordinals’ collections had more sales than BAYC. As a result, the Yuga Labs-developed project was number 13 on the market standings. At press time, BAYC’s volume was $582,977. Uncategorized Ordinals was number one with sales worth over $9 million. Solana [SOL]-based Mad Lads…
Author: Web3 Daily Press Staff
Major cryptocurrencies declined on Tuesday evening as a broader market correction liquidated over $650 million worth crypto in the last 24 hours.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin (CRYPTO: BTC)-4.44%$62,942Ethereum (CRYPTO: ETH)-5.42%$3,223Dogecoin (CRYPTO: DOGE)-4.36%$0.12ENTER TO WIN $500 IN STOCK OR CRYPTOEnter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!What Happened: The price of Bitcoin plummeted below $63,000, triggering a widespread sell-off across the global crypto market. In just 24 hours, the market capitalization dropped by 8% to reach $2.4 trillion, as reported by CoinMarketCap.BitMEX Research data revealed an outflow of over $640…
HodlX Guest Post Submit Your Post In the world of DeFi (decentralized finance), oracles play a crucial role in ensuring the accuracy and reliability of data – especially pricing data – used within various protocols and platforms. What are price oracles A price oracle is a specific type of oracle that provides off-chain (external) price information to on-chain (blockchain) smart contracts. Given the isolated nature of blockchains, smart contracts cannot access external information directly, and oracles serve as a bridge to bring this external data onto the blockchain. Why price oracles are so important in DeFi Price oracles are widely…
In the arena of blockchain, Scorpion Casino (SCORP) stands out as the best crypto to invest in, particularly for those seeking passive income and potential 100x returns. While Cardano is advancing towards decentralized governance with its Chang hard fork, Scorpion Casino is revolutionizing the GameFi and DeFi space. It merges traditional casino excitement with blockchain innovation, offering a vast library of games and unique staking mechanisms for daily earnings. This blend of entertainment and investment opportunities positions Scorpion Casino as a leading contender in the crypto gaming sector, offering a dynamic avenue for passive income shielded from market volatility. Cardano’s…
Cardano, introduced in 2017, drew inspiration from the contributions of the Italian polymath Gerolamo Cardano. In August 2021, Charles Hoskinson, the founder of Cardano, revealed details about the Alonzo hard fork, which led to a significant 116% surge in ADA’s price the following month. Similarly, the introduction of the Vasil hard fork was highly anticipated by the Cardano team. Despite encountering some challenges, the project was successful. As of March, Cardano’s price had reached $0.6038. Recent data indicates a drop in ADA’s value by 10% over the past 24 hours. Considering the negative trend in the broader cryptocurrency market, let us…
TLDR Toncoin (TON) has stayed resilient despite the sharp price declines in the crypto market. Bitcoin Cash (BCH) has gone bearish after a sharp Bitcoin fall affected the crypto market. NuggetRush’s token sale revenue is now above $3 million as more investors demand its NUGX Toncoin’s (TON) rising network activity could be responsible for its price resilience amid the current market correction. Bitcoin Cash (BCH) has also returned to the $400 region. NuggetRush’s ever-rising popularity has spurred increased demand for its presale token, leading to revenues of over $3 million. The mining game will offer unique NFTs that players can…
In the ever-evolving and highly competitive world of cryptocurrencies, a new contender has risen to challenge the established hierarchy, capturing the attention of Binance Coin (BNB) holders. Shiba Budz (BUDZ), dubbed as the latest Binance meme coin rival, is making significant inroads into the digital currency market, attracting investors with its unique charm and potential for growth. This new cryptocurrency phenomenon is not just turning heads but is also enticing Binance Coin (BNB) holders to explore what many are calling a lucrative opportunity in the burgeoning crypto landscape.Shiba Budz (BUDZ): A New Dawn in Meme CoinsShiba Budz (BUDZ) stands out…
Over the past 24 hours, the decentralized finance (DeFi) sector witnessed a significant surge in collateral liquidations, totaling more than $5.4 million, with a substantial portion linked to Ethereum (ETH) assets amounting to $4.27 million. According to parsec, more than $5.4 million in collateral was liquidated on the DeFi in the past 24h, including $4.27 million in ETH. If ETH falls to $3,008, $24 million in collateral will be liquidated. On-chain derivatives exchanges GMX, Kwenta, and Polynomial triggered…— Wu Blockchain (@WuBlockchain) March 19, 2024Concerns loom as projections indicate that if ETH prices drop to $3,008, an additional $24 million worth of…
Bitcoin’s (BTC) inflow in the last two quarters has triggered massive bullish sentiment in the market spurring increased activity around the leading cryptocurrency.New on-chain data from cryptocurrency analytics firm CryptoQuant shows Bitcoin supply on exchanges plummeting in the last four years. Since 2020, the amount of BTC held by users has plunged almost 40% marking heightened bullish momentum.Historically, the movement of assets off exchanges points to a general bullish sentiment in the market while an inflow to exchanges shows a prevailing bearish sentiment.This is because assets on exchanges are deemed likely to be sold unlike those held on other custodians…
By Suzanne McGee(Reuters) -A selloff in bitcoin continued on Tuesday, accompanied by record outflows from Grayscale’s Bitcoin Trust, accelerating the asset losses by the fund since it converted into an exchange traded fund this year.Grayscale’s ETF notched a daily record of $642.5 million in outflows on Monday, according to data from BitMEX Research, when bitcoin tumbled about 4%. The cryptocurrency was down another 2% by mid-afternoon Tuesday, bouncing off session lows. Data for Tuesday’s flows will be available Wednesday morning.Investors have been unloading holdings in the Grayscale fund since it converted into an ETF Jan. 10. Meanwhile, money has flowed…