VeChain Weekly Price Prediction: Can VET Hit $0.08 This Week? Watcher Guru This news is republished from another source. You can check the original article here
Author: Web3 Daily Press Staff
Gamza Khanzadaev Tether’s and VanEck’s Gabor Gurbacs unveils paradigm-shifting reality for Bitcoin and major global banks like JPMorgan Chase Read U.TODAY on Google News Bitcoin’s supremacy over major banks has been underscored by Gabor Gurbacs, strategy advisor at Tether and VanEck. With a staggering market capitalization exceeding $1.3 trillion, Bitcoin stands taller than the top four largest banks in the world combined.Surpassing banking behemoths like JPMorgan Chase, Bank of America, ICBC, Wells Fargo, Agricultural Bank of China, Bank of China and China Construction Bank, Bitcoin’s market cap is 2.4 times larger than that of JPMorgan Chase alone. Such a feat underscores the growing…
The tension is higher within the broader crypto market as many earnestly wait for the upcoming Bitcoin halving. Polkadot, the network that supports interoperability across blockchains, has seen an increase in activity rate. The Polkadot ecosystem, which houses many Dapps, now uses more dedicated blockspace to avoid issues like network spam. Will such changes impact the price of DOT? Polkadot Reveals Growth In Activity In The Ecosystem A recent post on the Polkadot official X account featured a chart showing the active addresses of different projects on the ecosystem. Activity continues to grow in the Polkadot ecosystem, where many apps use…
Airdrop season continues to dominate the crypto industry, and today is no different with the arrival of Tensor’s token launch. The Solana NFT marketplace launched its TNSR token, with more than $200 million worth of tokens up for grabs via airdrop rewards and over $640 million worth of trading volume on the market in the seven hours or so since it launched. TNSR is currently priced at $1.60 per token, according to data from CoinMarketCap, down 33% from a high of $2.45. Newly launched tokens are typically known for their fluctuating values, so this isn’t unusual. On the other hand, new…
The global crypto market cap stands at a robust $2.68 trillion, marking a 3.51% surge over the past day. Bitcoin, the market’s bellwether, has breached $71,000 for the first time since mid-March, while Ethereum is testing the upper limits of a horizontal channel at its current $3,681 price. Long-time watchers of the digital assets space may have also noticed something interesting as of late: cryptocurrencies that thrived in the 2017 bull run and subsequently faded into obscurity are making a comeback. NEO, often dubbed the “Chinese Ethereum,” is a prime example. The cryptocurrency has surged 33.5% in the last 24…
Last updated: April 8, 2024 17:19 EDT | 2 min read A new class of meme coins, “culture coins”, centered around cultural values such as politics, lifestyle, and religion could achieve greater growth in this cycle than meme coins such as Dogecoin and Shiba Inu, according to Mechanism Capital co-founder Andrew Kang.Kang tweeted on April 7, suggesting that meme coins focusing on deeper cultural themes could offer greater profit potential than traditional meme tokens centered around animals and simple jokes.Emergence of Culture Coins: Investing in Memecoins with Strong Cultural Affiliations Culture Coins: A new class of Memecoins You could consider…
There’s a new DeFi major on the block – Pendle. With $4B in total value locked (TVL) and deposits on the rise, the protocol is now among the largest projects in crypto. In short, Pendle stands out for allowing users to tokenize and trade future yields on their DeFi assets. Under the hood, the system splits yield-bearing assets into two separate tokens: one representing the principal and the other the future yield. This separation unlocks innovative strategies for earning fixed income or speculating on yield fluctuations. Core Components of PendlePrincipal Tokens (PT) — These tokens represent the original capital of an investment sans…
Investors in digital assets are once again seeing some strong price action materialize today. In early afternoon trading, the entire cryptocurrency market has surged roughly 3% higher over the past day. However, Aptos (CRYPTO: APT), Stacks (CRYPTO: STX), and Chainlink (CRYPTO: LINK) are leading the way higher, surging 5.5%, 4%, and 3.9% higher, respectively, over the past 24 hours, as of 1 p.m. ET. These moves are worth noting, as each of these projects has its own catalyst driving its outsize move. With a greater bifurcation being seen in the crypto market among tokens of various sizes, I think these…
Last updated: April 8, 2024 16:03 EDT | 2 min read Cardano founder Charles Hoskinson broke his silence on April 7 on the criticism of his network and its native token, ADA. He likened the challenges faced in the crypto industry to those in the artificial intelligence (AI) sector, focusing on the issues of competition and sustainability in both sectors.Hoskinson also highlighted his network’s reliability and strength and touched on the game-changing upgrades that could bolster the blockchain system and ensure the network’s sustainability for generations.Hoskinson Believes Cardano is Prepared for Scalability & InnovationIn a post on X, the Cardano…
Against a backdrop of flourishing crypto markets as we venture into the second quarter of 2024, Bitcoin Cash (BCH) continues its swift ascension. Meanwhile, Ethereum (ETH) is inching its price upwards with an unwavering steadiness. However, an exciting and potential dark horse in the race, Raboo (RBT), a forthcoming cryptocurrency trading at a mere $0.003 in its presale, is stirring the winds of anticipation among analysts. The new entrant is primed to revolutionize the effervescent world of meme coin market with its initial offering, which is selling like hotcakes. Born of a critical crossroads in blockchain history, the so-called “block-sized…