According to respected crypto analyst Michaël van de Poppe, Bitcoin’s recent strength has contributed to Polkadot (DOT) reaching a cycle low on its Bitcoin valuation. This potentially signals an impending rotation and resurgence for DOT. Van de Poppe, who has announced his intention to add DOT to his personal portfolio, cites the project’s fundamental progress as a key factor driving his bullish sentiment. There we go, $DOT reached a cycle low on the $BTC valuation due to the strength of Bitcoin.Rotation is near, fundamental progress is there, I’m glad to be adding this to my personal portfolio. pic.twitter.com/L6zMRErapg — Michaël…
Author: Web3 Daily Press Staff
The first edition of the Trump Digital Trading Card NFTs has experienced a significant downturn in sales, with trading volumes plummeting by 99% over the last 30 days. Data from OpenSea reveals a stark decline in transactions, with no activity recorded in the past week. This marks a sharp contrast from the initial buzz surrounding the collection, which generated over $50 million in total trading volume since its launch in December 2022. Trump’s Relationship with Crypto Former U.S. President Donald Trump has shown increasing interest in crypto and bitcoin, evident from his foray into the NFT market with the release…
IOTA has unveiled grand plans to establish a groundbreaking foundation in Abu Dhabi, UAE. This venture isn’t just about global expansion—it’s a beacon for decentralized governance and an emblem of IOTA’s ambition to be a world-class leader in digital infrastructure. Will the IOTA price explode after this? Let’s take a look at this in more detail.Abu Dhabi, with its cutting-edge vision for technological innovation, provides an ideal setting for IOTA’s next phase. The emirate is not just a symbol of prosperity but also resonates with IOTA’s aim to be at the heart of the digital transformation. By rooting itself here, IOTA acknowledges the…
The BlockDAG presale and technical DAGpaper V2 launch have fueled the presale to soar above $16.3M, marking a pivotal moment for investors eyeing the best crypto to buy in 2024. Amidst evolving Solana price predictions and Dogecoin news, BlockDAG emerges as a frontrunner with its DAG architecture promising up to a 30,000x profit. This development captivates the market and positions BlockDAG indicating a transformative phase for cryptocurrencies as we head towards a more efficient digital future. Solana Price Prediction and Future Prospects Solana stands out in the blockchain universe for its remarkable capacity to handle widespread usage, catering to diverse…
In a landmark legal action, former Amazon engineer Shakeeb Ahmed was sentenced to three years in prison for orchestrating hacks on two DeFi cryptocurrency exchanges, resulting in over $12 million theft. US District Judge Victor Marrero handed down the sentence, marking a significant milestone in crypto-related law enforcement. DeFi Hacker Sentenced to 3 Years in Prison Shakeeb Ahmed utilized his extensive knowledge in reverse engineering and blockchain audits to manipulate smart contracts on the exchanges. US Attorney Damian Williams states this case represents the first-ever conviction for hacking a smart contract. “No matter how novel or sophisticated the hack, this…
Chainlink’s (LINK) price is currently stuck in a bearish continuation pattern that could result in a considerable decline. Investors are not particularly optimistic either, which could result in LINK failing any potential recovery. Chainlink Investors Could Sell Chainlink’s price is falling lower daily due to broader market conditions. Such bearish market conditions are sometimes flipped into bullish ones by the activity of the investors. However, this is not the case with LINK. Active addresses, i.e., addresses conducting transactions on the network, have hit a new low after declining for the past couple of days. In the last 24 hours, less…
Cardano, often seen trailing the market trends set by Bitcoin, has experienced a severe crash, losing 17% of its value in just 24 hours. After a week of negative performance totaling a 15.8% drop, the broader implications of Bitcoin’s struggles have sharply resonated within the Cardano market, pulling it significantly lower.Why is Cardano Crashing?The crash in Cardano’s price can primarily be attributed to two major factors. The first and most impactful is the direct consequence of Bitcoin’s inability to surpass the critical resistance level of $70,000, leading to a wider market downturn. This event has notably dampened the sentiment across…
Bitcoin is approaching its fourth mining reward halving in just eight days, an event that automatically cuts the rate of new supply expansion by 50%. This event, which occurs every four years, has traditionally signaled the start of extended bull markets. However, before this critical milestone, Bitcoin Cash (BCH), a derivative of Bitcoin (BTC), is signaling caution, urging traders to temper their expectations for an immediate price surge following the halving. Perpetual Futures Contracts Tied To Bitcoin Cash Has Plummeted By 70% The surge in Bitcoin Cash, a cryptocurrency born in 2017 from a hard fork of the original Bitcoin…
Binance Coin Price: For over a month, the crypto market trend has been sideways following the lead of Bitcoin price resonating around $70000. This lateral move is viewed as pre-halving consolidation throwing the weak hands off the market to attract buyers with strong conviction. As a result, the majority of altcoins wavered in uncertainty including Binance coin (BNB). However, this asset still hovering above the healthy retracement level indicates the broader trend remains bullish.Also Read: Crypto Price Prediction 4/12: Top Altcoins to Focus Ahead of Bitcoin HalvingWill Market Sell-off Push BNB Price Below 500?Binance Coin Price| TradingviewBNB, the native cryptocurrency…
The “Blobs” introduced in Ethereum’s recent Dencun update made layer-2 (L2) blockchains boost the network scalability by over 11 times, according to a report by Brazilian digital bank Inter. Blobs are spaces within Ethereum blocks dedicated to receiving data from L2 chains, such as Arbitrum, Optimism, and Base.The report mentions a significant growth in Base’s transactions per second (TPS) count, which reached 300 to 400 TPS since Dencun. On average, L2 networks registered an average of 156.12 TPS since March 13, which is over 11 times more than Ethereum’s 14.35 average TPS in the same period.However, Base was the only…