Recent market trends have been favourable for cryptocurrencies, with ETH price prediction and IOTA trading showcasing a notable improvement. A rising star in the cryptocurrency space, BlockDAG (BDAG), has sparked excitement within the community by releasing an intriguing keynote video. This innovative keynote video, which promises to transform the way we now see the cryptocurrency environment completely, marks the start of a new age in the digital economy. BlockDAG (BDAG) has the potential to yield an incredible 5,000x return on investment for its backers, as demonstrated by the keynote release that has created a great deal of excitement in the…
Author: Web3 Daily Press Staff
Dogecoin price has always responded to news of Tesla founder Elon Musk engaging with the meme coin. The same was expected this week. However, the broader market conditions weighed much more heavily on the price action, resulting in DOGE seeing red on the chart. Dogecoin Feigns No More Dogecoin’s price first reacted to Elon Musk in 2021 and has since formed a bond with Tesla’s founder. This bond weakened over the last year as Musk’s interest shifted from DOGE to Artificial Intelligence. However, the DOGE community rejoiced this week as Musk went on to speak in favor of the meme…
Too Long; Didn’t ReadSingapore’s innovation hub witnesses a DeFi revolution with Thetanuts Finance launching Leveraged LRT Strategy Vaults, amplifying profits for Pendle’s PT-eETH holders through unprecedented yield-boosting mechanisms. A giant leap in DeFi investment strategies! This news is republished from another source. You can check the original article here
The Cross Chain Interoperability Protocol (CCIP) developed by Chainlink has experienced a substantial surge in revenue over the past few months, marking a remarkable 180% increase.After review of our @chainlink #CCIP dashboard today, we’ve made some changes to correct inconsistencies with select data.While total revenue is lower than initially reported, this review of updated data shows that the #CCIP growth rate remains robust and very much in-line with… pic.twitter.com/tdFhEP1V6F— LinkPool (@linkpoolio) March 15, 2024 In January, CCIP’s total fee revenue was around $61,000. However, within just the first half of March, this figure soared to over $171,000.Since its launch in…
The Cardano (ADA) market is currently witnessing a tug-of-war between holders in profit and those experiencing losses, which could lead to a period of stagnation for ADA prices. Since the onset of March, there’s been a significant reduction in the number of transactions exceeding $100,000, indicating a slowdown in high-value activity within the ADA ecosystem. However, the presence of strong support levels could provide a safety net for ADA valuation, laying the groundwork for the cryptocurrency to initiate a new phase of upward momentum. Whale Transactions Just Detached From ADA Price Over the past three months, a detailed analysis reveals…
KangaMoon has gained significant traction during its presale. Having already sold out during 2 presale rounds, experts believe its native token, $KANG, could offer 100x returns for early investors. Bitcoin Cash has experienced a bullish performance over the last week. Investors are now buying the altcoin to potentially maximize their returns during the current Bitcoin rally. Bitcoin Cash Surges By 88% In A Month Bitcoin Cash experienced a strong performance over the last month. Its value has almost doubled, increasing by 88% to $444.28. The altcoin has rallied by 46% over the last week alone, and investor activity now suggests…
Binance Labs, the investment arm of the world’s largest crypto exchange Binance, has become an independent entity and severed some ties with parent crypto exchange Binance, as per a recent report by Bloomberg.Crypto Exchange Binance Separates Binance LabsCrypto exchange Binance made one of the notable developments in the crypto market amid the heightened regulatory scrutiny and the ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC). Binance silently spin-off its $10 billion venture capital arm Binance Labs earlier this year, reported Bloomberg on March 15.After Changpeng “CZ” Zhao stepped down as Binance CEO last year, it’s one of significant development…
Ethereum has dropped below the $4,000 price range. Supply outside exchanges still exceeds supply in exchanges. Ethereum [ETH] experienced a surge beyond the $4,000 price threshold, suggesting the possibility of surpassing its previous all-time high (ATH). Although the price has since dipped below $4,000, certain metrics suggest a potential resurgence, with the chance of reaching a new ATH still on the horizon. How Ethereum supply on exchanges has trended New data from CryptoQuant suggests that Ethereum exhibits signs of strength based on its exchange reserve metric. The chart illustrates a consistent exchange spot reserve metric decline over the past few…
2023 was a year of recovery for cryptocurrency markets, with asset prices and market sentiment improving over the course of the year after a challenging 2022. But how well did investors actually fare? In this blog, we share our 2023 estimates of crypto gains based on investors’ interactions with centralized exchanges, including a breakdown of estimated gains by country. Our methodology: How we calculate cryptocurrency gains and estimate gains by country We use on-chain data to estimate investors’ cryptocurrency gains based on movements of crypto assets in and out of services where they can be on or off-ramped into fiat…
The decline is linked to multiple factors. One is the fact that traders are beginning to take profits off the table, while the other is uncertainty about when interest rates will be cut in the US. By Connor Sephton, News reporter @ConnorSephton Friday 15 March 2024 07:28, UK Bitcoin has suffered a sharp pullback from record highs. The world’s biggest cryptocurrency fell to $66,885 in the early hours of Friday – down 9%.Only yesterday, the digital asset had been touching an unprecedented price of $74,000. Image: Bitcoin’s price over the past week. Pic: CoinGecko It is difficult to pinpoint a…