Last updated: March 12, 2024 13:28 EDT | 1 min read Source: BAYC Bored Ape Yacht Club (BAYC) NFTs were once the hottest bit of digital property on Ethereum’s NFT market but now Yuga Labs’s signature collection and other affiliated NFTs are posting new lows.The current floor price for BAYC, which indicates the lowest one can purchase it for, is around 13 ETH, or $51,000. The last time it was this low was August 18, 2021, when it traded for 13.65 ETH, according to data by CoinGecko.That means today BAYC is a staggering 91.3% off its all-time high floor price…
Author: Web3 Daily Press Staff
Dencun, the largest Ethereum upgrade since the network switched to proof-of-stake (PoS) 18 months ago, is set to go live sometime tomorrow. Some developers have referred to the release as a cheap for crypto because of its implications for how users interact with decentralized apps on Ethereum’s secondary scaling platforms (layer 2s).This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.In short, Dencun will change how data is stored on Ethereum, making it significantly more accessible and also cheaper to…
Key points:Brad Garlinghouse hinted at the potential rally among utility tokens following Bitcoin’s significant bull run.According to Garlinghouse, Bitcoin’s bullishness must go hand in hand with real-world utility.Ripple’s XRP rallied 20% within three hours, reaching $0.7440.Ripple’s CEO, Brad Garlinghouse, has hinted at the potential rally among utility tokens following Bitcoin’s significant bull run. In a recent post on X, the prominent crypto figure based his projection on historical patterns and the Bitcoin ETF’s soaring volumes. BTC ETF volumes have been soaring, we’re due for a halving and the broader crypto market is following BTC’s lead (as has historically been the…
Last updated: March 12, 2024 11:05 EDT | 3 min read LTC has gained by 1% in the past 24 hours, with the Litecoin price’s jump to $96.44 also marking a 21% increase in the past week.The altcoin has also posted a 33% gain in the last 30 days, but with it appreciating by only 40% in the past year, it still has plenty of space left to rise if it wants to catch up with other major tokens.It has had a good week, yet it isn’t the only promising alt in the market, with a new Solana- and Ethereum-based…
TL;DR SHIB’s trading volume spikes despite a price drop, indicating growing interest, while it narrows the market cap gap with DOGE. Significant gains for early meme coin investors contrast with the inherent risks of their volatile nature. While the price of Shiba Inu (SHIB) might be down 17% in a week, some important indicators related to its ecosystem have surged by triple digits, hinting at increased investor interest and rising adoption. According to IntoTheBlock, SHIB aggregated daily volume has neared the $600 million mark, a 200% surge compared to the figures observed on March 11. In comparison, Dogecoin (DOGE) has witnessed a…
With Bitcoin touching an all-time high of $72K, the leading altcoins have started to gain credible market momentum. VeChain (VET), with its promising price path, is also gaining strength amid the current bull market surge. The token has noted a stellar price ascent of 63% in the last 30 days. VET has been consistently trying to break price bounds, rising nearly by 2% in the last seven days. Also Read: VeChain: Here’s When VET Could Hit $1 VeChain: VET March price prediction Source – CoinCentral With VeChain’s meteoric rise, analysts at Coinpedia have come up with new price predictions for…
Tether USDt receives a weak long-term technical score of 13 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, USDT holds a superior long-term technical analysis score than 13% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have…
SafeMoon Inu (SMI) Receives a Bullish Rating Tuesday: Is it Time to Get on Board? InvestorsObserver This news is republished from another source. You can check the original article here
Polkadot launches the Alpha Program, a groundbreaking initiative to foster collaborative building and lower entry barriers for blockchain projects. The program provides resources, community support, and the opportunity to shape Polkadot’s future. Polkadot, a leading blockchain platform, has launched the Polkadot Alpha Program, a groundbreaking initiative aimed at lowering entry barriers and fostering a more dynamic environment for teams building blockchain projects. The program comes at a pivotal moment as builders anticipate the arrival of Agile Coretime, which will significantly reduce the barriers to launching parachain projects. The Polkadot Alpha Program is designed to provide a unique zero-dependency support line,…
Crypto Gambinos Prioritizes NFT Sale, Slashes Minting Price, and Offers $MOBCOIN Airdrop CryptoSlate This news is republished from another source. You can check the original article here