Polkadot achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Polkadot a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Polkadot! This news is republished from another source. You…
Author: Web3 Daily Press Staff
As the cryptocurrency community gears up for the next Bitcoin halving, speculation abounds regarding its impact on the broader digital asset market, especially the nonfungible token (NFT) sector. Oscar Franklin Tan, CFO of Atlas Development, alongside other industry experts, anticipates a significant ripple effect, potentially catalyzing a surge in NFT prices and adoption. This sentiment is echoed across the sector, highlighting a pivotal moment for both Bitcoin and NFT ecosystems. Expectations of a Surge in NFT Prices and Adoption According to Oscar Franklin Tan, the upcoming Bitcoin halving is more than just a milestone for cryptocurrencies; it’s a beacon for…
March 6, 2024 6:12 AM | 3 min read “Benzinga’s Top Stocks to Buy Today” There’s only two mistakes you can make when investing. One is not investing at all. The next is buying the wrong stocks. Get an edge on which stocks to buy with the Benzinga Insider Report, our best weekly stock report sent right to your inbox. Act fast and secure our top stock picks at an unbelievable discount! Claim This Limited $0.99 Offer NOW! A pseudonymous cryptocurrency analyst Altcoin Sherpa on Wednesday predicted that the top meme cryptocurrency by market capitalization Dogecoin (CRYPTO: DOGE) will reach…
Following a sophisticated cyber-attack, WOOFi, a prominent decentralized exchange (DEX) operating on the Arbitrum network, faced an $8 million loss due to a flash loan exploit. This incident has exposed the inherent vulnerabilities within the decentralized finance (DeFi) sector, marking a significant financial setback for the platform.An impersonator account on X emerged mere hours after the exploit, redirecting unsuspecting users to a phishing link, adding insult to injury for the WOOFi community.Understanding the Mechanics of the ExploitFlash loan exploits, by their nature, leverage the no-collateral borrowing feature of flash loans within a single transaction block. The attacker orchestrated a ‘contained’…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Recent developments include Chainlink (LINK), which shows potential for a significant bull run, and Raffle Coin (RAFF), introducing a unique raffle-based community engagement platform. Analyst Michael van de Poppe predicts a promising future for LINK against BTC, with RAFF offering a distinct community involvement and decision-making opportunity. Besides de Poppe, other analysts in the crypto industry have speculated on Chainlink’s potential for spearheading a major bull run, with predictions of significant price increases against Bitcoin. This speculation is based…
Arman Shirinyan Charles Hoskinson will lead Cardano forward, despite various rumors Read U.TODAY on Google News A clear voice emerged to address growing concerns about the future of Cardano and its leadership. Charles Hoskinson, the mastermind behind Cardano and the CEO of IOHK, has come forward to decisively quell rumors of his departure from the blockchain platform.Amid discussions on Twitter, Hoskinson reaffirmed his commitment to Cardano, responding to an inquiry from a community member who questioned whether he was leaving Cardano for another project, Midnight, or shifting to a multi-chain approach. Hoskinson’s response was firm and direct: “The answer is…
The world of cryptocurrency is no stranger to volatility, often witnessing substantial price swings within short periods. In recent events, the market experienced a notable downturn, aligning with Bitcoin’s significant 8% decrease following its record-breaking all-time high on Wednesday, March 5, 2024. This downturn in Bitcoin’s value had a ripple effect, causing a 6.19% decrease in the overall crypto market capitalization within the last 24 hours. In light of these developments, let’s delve into an exploration of the top 10 cryptocurrencies that have seen losses amidst this market turbulence. Top 10 Crypto Losers Below is a list of top losers…
Rebel Satoshi ($RBLZ) grows its community as investors prepare to buy Ethereum (ETH) and Binance Coin (BNB) Cyprus Mail This news is republished from another source. You can check the original article here
Analysts at QCP Capital note that despite Bitcoin’s quick drop to $59,000, funding is back to sensible levels and the more likely scenario is the outperformance of the ETH/BTC pair. In a volatile overnight session, Bitcoin (BTC) quickly set a new all-time high of $69,400 only to undergo a rapid decline, plummeting to $59,200 within a matter of a few hours. This steep downturn resulted in the liquidation of over $1 billion worth of leveraged long positions on Binance alone. However, as noted by analysts at QCP Capital, the market quickly rebounded as the dip was aggressively bought up, with…
Last updated: March 6, 2024 02:00 EST | 2 min read Bitcoin (BTC)‘s recent price correction, following its surge to a new all-time high above $69,000, has resulted in the closure of leveraged perpetual futures bets worth $1 billion across digital asset markets. On Tuesday, the leading cryptocurrency experienced a 10% drop, falling to $59,700, prompting a significant clearing of excess leverage from the market.According to data by CoinGlass, long and short traders suffered more than $1 billion in losses across major centralized exchanges over the past 24 hours.More specifically, 296,908 traders have been liquidated, with the total long liquidations coming in at…