A widely known cryptocurrency analyst is predicting that one of the Ethereum (ETH)-based altcoins will suddenly surge in price. Anonymous cryptocurrency trader Credible has shocked investors in a new thread on social media platform X by telling his 409,300 followers that the native asset of stablecoin-focused decentralized exchange Curve DAO (CRV) could soon double in value. “CRV will quickly revalue to twice its value, and most investors will be left out of everything else.” At the time of his prediction, CRV was trading at around $0.25. At the time of writing, CRV is trading at $0.30, up 19.6% over the…
Author: Crypto Flexs
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After the recent cryptocurrency market crash and the rapid rebound of some tokens, MN Trading founder Michael van de Poppe clearly sees a new trend forming. “If there was no narrative in the market, a new narrative would emerge, and I think from an investment perspective, that’s DeFi,” van de Poppe told Hall of Flame. “I think a pure-play strategy that allocates to ETH and DeFi will see both of those surge in the coming months,” he argues. Van de Poppe named Aave (AAVE), Maker (MKR), Ethereum Name Service (ENS), Bittensor (TAO), Celestia (TIA), and Rocket Pool (RPL) as tokens…
Bitcoin’s Loon protocol is showing signs of cooling off, with its fee share trending down to 8.37%, nearing its all-time low of 2.16%. This decline stands in stark contrast to the protocol’s explosive debut.Loon came into existence on April 20th, coinciding with the Bitcoin halving, generating a whopping $62.55 million in fees on its first day. The launch of the protocol was a testament to the Bitcoin community’s eagerness for on-chain experimentation.Fast forward to today and the landscape looks dramatically different. Other fees now dominate, accounting for 91.63% of the pie. This change raises questions about the longevity of the…
Since August 9, the price of BitTorrent (TAO) has experienced a steady daily decline. This downward trend is in sharp contrast to the performance of altcoins from August 5 to 8, when the price was rising. Holders had hoped TAO would continue its upward trend and retest last week’s highs. However, it appears the same investors are responsible for the recent decline. Project development alone is not enough to promote Bittensor accumulation. At the time of writing, TAO is trading at $278.93, down 15% over the past 4 days. According to the daily chart, the Money Flow Index (MFI) and…
TL;DR (Focused Takeaway)You should not retain temporary paper copies of your cryptocurrency wallet seed phrase.The Vault12 digital vault is ideal for permanently and securely storing your seed phrase backups.It’s easy to discard temporary paper seed phrases, but details are very important. You can dispose of it by burning it in the kitchen and then washing away the ashes.It can be disposed of by erasing, shredding, and cutting into pieces, then washing them in water. Remember that you can access your cryptocurrencies via your wallet seed phrase. Now you know what your cryptocurrency wallet seed phrase is. The most important Things…
Rebecca Moen 13 Aug 2024 13:40 According to Glassnode Insights, despite the recent market downturn, Bitcoin investors are increasingly HODLing, suggesting a shift toward accumulation. According to Glassnode Insights, despite the cryptocurrency market experiencing its biggest downturn of the cycle, there is a significant shift among Bitcoin (BTC) investors towards HODLing and accumulation.summationAfter months of massive circulation pressure, Bitcoin holders are showing signs of returning to HODLing and accumulating. While spot markets show continued net selling pressure, a significant portion of the network wealth is now held by long-term holders (LTH), indicating high confidence…
Ethereum (ETH) price is having a rough time in Q3. New data shows that an Ethereum ICO whale with 1 million ETH has been moving large amounts of money to exchanges in the past month.The launch of a spot Ethereum ETF has also failed to spark a positive price reaction, with net total inflows largely negative due to Grayscales’ ETHE outflows.Whale bought 1M ETH in ICO for $0.31.According to Lookonchain, the given Ether whale address was “born” 3,300 days ago when it received 1 million ETH at a price of $0.31. However, over the past month, the wallet has made…
CRV has rebounded, soaring 43% from its all-time low. But the merchants I am giving up my long position and taking a short position. Curve DAO (CRV) rose 43% last week as volume increased due to a surge in buying activity. Over the past seven days, the CRV price has steadily increased from its all-time low of $0.18 to $0.28 at the time of writing. Despite the remarkable recovery, the token is facing additional headwinds as the broader market-wide bearish sentiment weighs on the price. Funding rates plummet In the data Coinglass The funding ratio has fallen sharply into negative…
Company • Aug 13, 2024 5:16 AM EDT Posted 1 minute earlier ~ in Japanese investment firm Metaplanet Inc. is continuing its bullish stance on the world’s largest cryptocurrency, announcing today that it has purchased an additional 57.1 bitcoins worth about $3.3 million.The Tokyo-listed company said: name He later revealed that he had purchased an additional 500 million yen worth of Bitcoin. Secured $6.8 million loan I bought more cryptocurrencies last week.This brings Metaplanet’s total Bitcoin holdings to 303,095 bitcoins, the company added.Metaplanet’s stock price fell 5.8% on Tuesday, closing at 1,121 yen. The stock has soared 600% so far…
Coinbase continues to clash with the U.S. Securities and Exchange Commission (SEC), recently urging the agency to roll back its regulations on decentralized exchanges (DEXs). This ongoing dispute could further define the legal boundaries for decentralized finance (DeFi) operations in the United States. Coinbase Calls SEC’s DEX Regulations ‘Irrational’ In a letter to the SEC on Monday, Coinbase’s chief legal officer, Paul Grewal, urged the regulator to withdraw a proposed rule that would require decentralized exchanges to fall under the agency’s purview. If the rule, which would go into effect in January 2022, is passed, DeFi projects would have to…