Bitcoin hit a daily close above $100,000 for the first time over the weekend, and one prominent analyst believes BTC is in the early stages of a parabolic upward explosion. A pseudonymous trader known as Rekt Capital tells his 519,900 followers on social media platform Bitcoin could take about nine months to end its parabolic surge based on historical price patterns, according to a cryptocurrency strategist. “BTC has just entered the parabolic phase of its cycle. Historically, this phase lasted an average of ~300 days. Bitcoin is only on day 34 of its parabolic phase.” At the time of this…
Author: Crypto Flexs
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Ape to Cryptocurrency in a Gaming Ecosystem, Not a ‘Single-Player Game’ Token — YGG exec Serge-Raymond Nzabandora, corporate development and finance manager at Yield Guild Games, says cryptocurrency traders looking to make smarter bets on gaming tokens should choose tokens that are tied to the entire ecosystem, not just individual games. “I think single-player games with token releases are more likely to be forgotten. Right? I want to look at the ecosystem players compared to the Ronins of the world and the Immutables of the world,” he tells Web3 Gamer. Ronin Network and Immutable Games are blockchain gaming platforms designed…
According to the latest edition of “Bitfinex Alpha”, even if Bitcoin (BTC) sees a 14% weekly correction after crossing the $100,000 threshold, this does not invalidate the possibility of further upside as key price indicators cool down. report.The correction wiped out more than $1.1 billion across centralized exchanges, with $815 million associated with long positions, including $419 million directly tied to Bitcoin. This is one of the largest liquidation waterfalls in dollar terms and the second-largest event for a Bitcoin-related trading pair since the FTX collapse in November 2022.Approximately 4,350 BTC were liquidated per day, the fourth highest daily liquidation…
December 10, 2024, London, UK, Chainwire Crypto AutoGa, the world’s first blockchain-based luxury car marketplace Token creation event (TGE) native utility token $AUTOSintended December 11, 2024, 12:00 PM (UTC). This event represents a significant advance in CryptoAutos’ efforts to improve ownership and interaction of high-value assets through blockchain technology. $AUTOS is launched at a fixed price of $0.04, representing a fully diluted value (FDV) of $40 million. Tokens can be used in: Uniswap DEX and multiple CEX; Kucoin and Gate.ioEnsures broad accessibility to the global community. Community Launch Reaches $4.5 Million in Hours The TGE announcement was a success. Community…
ADA fell 21.78% last week. Cardano has seen market sentiment turn bearish as sellers dominate. After hitting a recent high of $1.3 a week ago, Cardano (ADA) plummeted to a low of $0.911. In fact, at the time of writing, Cardano was trading at $1.02. This represents a 12.25% decline on the daily chart. Prior to this, the altcoin showed an upward trend, rising 75.91% on the monthly chart. Recent market conditions have got analysts talking. One of them is Ali Martinez, who sees $1.2 as a critical support level. market sentiment analysis In his analysis, Martinez talks about Cardano’s…
Wang Long Chai December 10, 2024 05:15 BitMEX is introducing the MOVEUSDT perpetual swap, allowing traders to buy or sell MOVE with up to 50x leverage starting December 10, 2024. BitMEX, a leading cryptocurrency derivatives exchange, announced the launch of a new permanent swap listing for MOVE, the native token of Movement Telegram, as MOVEUSDT. According to BitMEX, this new listing, launched on December 10, 2024, allows traders to engage in long or short positions with up to 50x leverage. MOVEUSDT Listing Details The MOVEUSDT perpetual swap is designed to give traders more flexibility…
Memecoin, like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), was among the worst-performing cryptocurrencies on December 10, offsetting much of the gains it made from President Donald Trump’s rally a few weeks ago.Memecoin market capitalization took a hit.The recent decline in memecoin’s price pushed the sector’s overall market capitalization to a three-week low of $119.6 billion as of December 10.relevant: Bitcoin is seeing most of its liquidations since 2021, with $1.6 billion wiped out in a ‘crazy’ reset.The last time Memcoin’s market capitalization was below $120 billion was on November 27, when it stood at $118 billion. The total…
Memecoin, like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), was among the worst-performing cryptocurrencies on December 10, offsetting much of the gains it made from President Donald Trump’s rally a few weeks ago.Memecoin market capitalization took a hit.The recent decline in memecoin’s price pushed the sector’s overall market capitalization to a three-week low of $119.6 billion as of December 10.relevant: Bitcoin is seeing most of its liquidations since 2021, with $1.6 billion wiped out in a ‘crazy’ reset.The last time Memcoin’s market capitalization was below $120 billion was on November 27, when it stood at $118 billion. The total…
Peter Jang December 10, 2024 06:02 Bitfarms Ltd. will restate its 2022 and 2023 financial statements after identifying material errors in its classification of proceeds from the sale of digital assets. Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin data center company, announced the restatement of its previously published financial statements for fiscal years 2022 and 2023. This decision follows a review by the U.S. Securities and Exchange Commission (SEC). ), in consultation with the audit committee and management, according to GlobeNewswire. Financial Restatement Details The restatement addresses significant errors related to the classification of…
Do you remember Paul, that alien who loves tacos and trouble? Well, he’s back in this slot… Or maybe it was his brother from another mother. How many aliens do we know? Forget Area 51. This is the Area 69 slot. This is where the alien hosts have been throwing some pretty suspicious parties since crash-landing on our beloved planet decades ago. I mean, who would want to leave? Global warming, world war, pineapple on pizza. It’s a disaster here, but the agricultural industry seems to be booming. This alien seems to want to be like Puff Daddy in many…