Recently, we saw Bitcoin hit an all-time high near $70,000. On the surface, $70,000 per Bitcoin is a lot of cash. However, as an investor, even if Bitcoin increases to $140,000, you will only double your investment. Doesn’t seem that impressive now, does it?It is impossible to invest in Bitcoin at current prices and expect a 1,000x return on your investment. Likewise, for Ethereum, it is very likely that Ethereum will reach $10,000 in the near future. But at current prices, you’re still only seeing about 2x the return on your investment. Again, not that impressive considering this article earned…
Author: Crypto Flexs
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On-chain data shows that Dogecoin is no longer the dominant meme coin in terms of number of weekly active traders. There is a coin on it. Dogecoin has been overtaken in number of traders by another Memecoin According to data from market intelligence platforms: Into the BlockDOG and DEGEN are two assets that have surpassed the original meme-based cryptocurrency in terms of number of day traders. Here, “trader” refers to an investor who holds coins within 30 days. These investors typically act as active traders in the market and therefore tend to move their coins frequently. They are definitely not…
From Memecoin to Meaning: HLX Token Presale Leads the Way towards Cryptocurrency’s Real-Utility – Chainwire housenewsroomFrom Memecoin to Meaning: HLX Token Presale Leads the Way towards Cryptocurrency’s Real-Utility We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary…
Ethereum’s Pectra upgrade, expected in late 2024 or early 2025, will improve the user experience and functionality of the cryptocurrency wallet, enabling smart contracts and sponsored transactions, but will raise security concerns. With the introduction of the Pectra update in late 2024 or early 2025, Ethereum hopes to significantly improve the cryptocurrency wallet by adding new features and improving the user experience. One of the key recommendations in the update, Ethereum Improvement Proposal (EIP) 3074, allows regular cryptocurrency wallets to behave like smart contracts, including transaction bundling and sponsored transactions. Improved cryptocurrency wallet usability and functionality The Pectra update brings…
April 12: Oracle, Decentralized Oracle Network I recently started staking on Eigenlayer.aims to improve security and data reliability on Ethereum through a trust market that incentivizes accurate data, as founder and CEO Matan Sibon stated in an interview with CoinDesk. Creating a trusted and neutral marketplace through eOracle can help match supply and demand at free market prices, fostering a more diverse and unbiased Oracle ecosystem that significantly reduces operating costs, Sibon said. “We believe that markets, open markets, free markets are the best way to find and allow price discovery for any asset or service,” he said. EigenLayer allows…
As the cryptocurrency market continues to evolve, investors and traders alike are constantly seeking insight into the future trajectory of digital assets. One of the assets that has been receiving a lot of attention recently is: Option 2 Trade (O2T). With unique token economics, innovative features, and a growing community, Option2Trade offers exciting investment opportunities. But what does the future hold for Option2Trade in terms of pricing? Let’s examine the factors affecting Option2Trade’s price forecasts and analyze potential future trends. Token economics and market dynamics At the heart of Option2Trade’s price predictions are token economics models and market dynamics. Designed…
Former US President Donald Trump appears to have shown interest in cryptocurrencies and Bitcoin after the billionaire businessman launched his first digital trading card NFT in late 2022, but interest in the original collection has clearly cooled. Trading volume for an initial collection of 45,000 NFTs featuring glorified, cartoonish images of the 45th president has plummeted 99% in the past 30 days, according to OpenSea data, which also shows there wasn’t a single transaction in the past week.The collection has recorded more than $50 million in total transaction volume since its launch in December 2022, according to OpenSea data.Meanwhile, overall…
Amid the cryptocurrency bull market, trading volume exceeded $1.6 trillion.Cryptocurrency exchange Bitget reported impressive growth in the first quarter of 2024, with futures and spot trading volumes exceeding $1.4 trillion and $160 billion, respectively. This is a significant increase compared to the first quarter of 2023, when futures trading volume was $658 billion and spot trading volume was $59 billion.Expand your user base and product offeringsCurrently, the exchange boasts over 25 million users across its trading platform and Web3 wallet. The first quarter saw several major developments in the cryptocurrency market, including a strong recovery in February that saw Bitcoin…
The widely respected cryptocurrency strategist remains bullish on one gaming altcoin this market cycle. Pseudonymous analyst Altcoin Sherpa says Beam (BEAM) With 214,300 followers on social media platform “Beam: It’s one of my bags. It’s been really cold the past few weeks. Still very bullish on this coin and an index bet for the cryptocurrency game during this cycle. “We will continue to hold it, not trade it.” Source: Altcoin Sherpa/X Looking at the trader’s chart, he suggests that Beam could rise to key upside levels of $0.036 and $0.040. Beam is trading at $0.031 at the time of writing…
The International Monetary Fund (IMF) is reportedly demanding changes to El Salvador’s Bitcoin-friendly laws, hindering the country’s attempts to secure a $1.4 billion credit line, Infobae reports. NEW: 🇸🇻 IMF reportedly calls for change in El Salvador. #Bitcoin $1.4 billion support bill.I’m scared 🙌 pic.twitter.com/vmqhts5dCY— Bitcoin Magazine (@BitcoinMagazine) April 12, 2024 El Salvador made history in 2021 by adopting Bitcoin as a legal tender under President Nayib Bukele. Since then, the country has invested heavily in Bitcoin, increased its Bitcoin reserves, mined BTC, and launched education initiatives.However, the IMF opposed the Bitcoin law during loan negotiations with El Salvador, which…