The recent cryptocurrency market rally has pushed most top projects into the greens. VeChain (VET) has rallied 8.7% in the 14-day charts and more than 66% over the previous month. Moreover, the asset’s price has increased 87.5% since March 2023. Nonetheless, VET has faced a 3.7% correction in the weekly charts, and the asset faces significant resistance at around $0.050. Source: CoinGecko Also Read: Is VeChain Consolidation Signaling a Future Breakout To $1.8? When will VeChain (VET) hit $1? Source: Zipmex Reaching $1 is no easy journey for VET. The asset’s price has to rally nearly 2074% from current levels…
Author: Web3 Daily Press Staff
Last updated: March 8, 2024 00:38 EST | 1 min read Source: Adobe Tether, the issuer of the world’s largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.Tether Partners With NAPP Of UzbekistanIn a press release on March 7, Tether said the signing of the Memorandum of Understanding (MOU) signifies a strategic deal aiming to position Uzbekistan as a leader in peer-to-peer (P2P) and blockchain technology.The collaboration will also explore the development and adoption of blockchain, stablecoins, and tokenization, among others. In recent months,…
Polkadot (DOT) has experienced a solid week, gaining an impressive 20% over the last seven days and breaking through a crucial resistance level. This rally comes amid a broader crypto market resurgence, where meme coins are booming, and Bitcoin surged past the $69,000 mark on Tuesday, March 5th, before cooling off to around the $64,000-$66,000 range. While DOT’s price also experienced a 5% decline in the last 24 hours, it is crucial to analyze the price chart and explore what’s next for this promising cryptocurrency.Meanwhile, Borroe Finance (ROE) is a new project in the presale stage that has garnered decent…
Please click to view image Vancouver, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (CSE: SPIR), an investment firm in the blockchain and digital asset sectors, is excited to announce its strategic investment in CryptoSlam, the leading aggregator of non-fungible token (NFT) data across multiple blockchain ecosystems. This investment marks a significant move for Spirit Blockchain Capital, as it takes an active role in enhancing CryptoSlam’s technical capabilities, exploring innovative tokenization opportunities, and laying the groundwork for CryptoSlam’s strategic goals. Founded in 2018 by Randy Wasinger, CryptoSlam has rapidly become an essential resource for NFT enthusiasts…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Exploring the price movements and potential of IOTA, BEFE, and BTT amidst Bitcoin’s upcoming halving, highlighting strategic innovations and market sentiment. As the cryptocurrency market anticipates the upcoming Bitcoin halving, attention is turning towards the altcoin sector, revealing opportunities for growth and innovation. This analysis focuses on three altcoins— IOTA, BEFE, and BTT. BEFE token overview BEFE Token has made its mark in the meme coin market with a focus on fairness and transparency. It distinguishes itself by avoiding…
‘Dogecoin Killer’ Shiba Inu Gears Up For A ‘Potential Rebound’: Transactions Surpass 400M, Shiba Names Launched Benzinga – “Dogecoin killer” Shiba Inu (CRYPTO: SHIB) is currently navigating a 7.7% dip but recent developments and a surge in total transactions signal a potential rebound for the memecoin. What Happened: Shibarium scan data shows Shiba crossed the milestone of 400 million total transactions, showcasing a robust level of activity within its ecosystem driven by low fees. Shibarium’s rapid growth is noteworthy, having reached one million addresses on the mainnet in just 18 days, outpacing other Layer-2 networks such as zkSync (71 days),…
Solend, marginfi, and Kamino offer annual yields of 39%, 35%, and 24% on USDC deposits, respectively.Utilisation rates on USDC pools are relatively high, likely because of the demand for leverage and points farming.As traders on Solana capitalise on its dramatic price increase or the meteoric rise in memecoin trading, other users are quietly earning double-digit yields from some of the blockchain’s top lending platforms.Solend, marginfi, and Kamino offer users an annual percentage yield on USDC deposits of 39%, 35%, and 24%, respectively.USDC is a stablecoin pegged to the US dollar. It is fully backed by US dollar and dollar-denominated assets.Lending…
A widely followed crypto analyst believes that an Ethereum (ETH)-based altcoin project is about to have an explosive rally against Bitcoin (BTC). Crypto strategist Michaël van de Poppe tells his 699,900 followers on the social media platform X that the decentralized oracle provider Chainlink (LINK) versus Bitcoin (LINK/BTC) may be printing a bullish reversal pattern. “Chainlink is still at cycle lows, in the BTC pair. This is very likely going towards a test of the all-time high once this pair reverses.” Source: Michaël van de Poppe/X Looking at his chart, the trader suggests that LINK/BTC is printing a higher low…
Read U.TODAY on Google News Ethereum is displaying a notable performance that may position it to reach the elusive $5,000 mark. As we scrutinize the current trend through technical analysis, several indicators suggest a robust bullish momentum that could potentially drive Ethereum to new all-time highs.Ethereum has demonstrated significant resilience, maintaining bullish performance amid a market that has seen many other assets undergo substantial price corrections. Unlike its counterparts, Ethereum has not faced a drastic price drop that could severely undermine its bullish trajectory. This steadfastness has been a cornerstone of investor confidence, and it may well be the catalyst…
As the bull market reaches full motion, many cryptocurrencies have begun to see incredible surges. Bitcoin Cash (BCH) and Cosmos (ATOM) have maintained the momentum they started earlier in the year. While Bitcoin Cash (BCH) has skyrocketed past $400, Cosmos (ATOM) may surge to $15 soon. However, the icing on the cake is Pullix (PLX), which has the potential to be one of the top altcoins in 2024.Pullix (PLX) maintains bullish momentum after hitting UniswapExpandWith Bitcoin Cash and Cosmos trending upward, Pullix growth is advancing after hitting a tier 1 exchange. The Pullix success in the presale has made it…