Ethereum (ETH)-based altcoins are preparing for a major rally, a cryptocurrency analyst said, updating his outlook for Bitcoin (BTC). In a new strategy session, cryptocurrency trader Justin Bennett told his 114,600 followers on social media platform “Not sure if we will get the pullback first, but CRV appears ready for $6.80 while it is above $0.87.” Source: Justin Bennett/X CRV is trading at $1.11 at the time of writing, down 2.7% in the last 24 hours. A surge at Bennett’s price target of $6.80 would represent a 515% increase from current levels. Moving on to the top cryptocurrency asset by…
Author: Crypto Flexs
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Iris Coleman December 5, 2024 14:15 Phantom Wallet announces integration with Sui, enhancing multi-chain capabilities and providing Sui users with a secure wallet solution. This move marks an important milestone for the Sui ecosystem. Phantom Wallet, a leading non-custodial multichain cryptocurrency wallet, announced the integration of Sui, marking a significant milestone in its wallet expansion strategy. According to the Sui Foundation, this integration brings Sui to a platform that already supports popular blockchains such as Solana, Bitcoin, and Ethereum. Enhanced multi-chain functionality With 7 million monthly active users, Phantom Wallet is the most widely…
Cayman Islands, Cayman Islands, December 4, 2024, Chainwire metaplexthe blockchain protocol used to create virtually all tokens, memecoins, and NFTs on Solana, recorded record protocol fees in November, driven by a surge in digital asset creation on Solana. Metaplex, the protocol underpinning nearly all of Solana’s token creation, has emerged as a major beneficiary of the Solana Network’s surge in digital asset creation. Covering everything from memecoins to AI tokens and NFTs, this exponential level of activity directly contributes to Metaplex’s protocol fees. This increased protocol fee generation helped fund record-breaking $MPLX token purchases for the Metaplex DAO. From June…
The worlds of crypto and sports share strikingly similar characteristics: fervent passion, deep camaraderie, and tightly knit communities built united by a singular devotion to the “team.” Over the past few years, these two realms have increasingly intersected, blending in unexpected ways. The result? A burgeoning underground community where crypto technology is becoming a tool for fueling — and even amplifying — sports fanaticism. The idea of merging sports and crypto products began early in 2014 with projects like Jetcoin trying to tokenize athletes. However, the concept was way ahead of its time and ultimately failed due to a limited…
Bitcoin sent waves of excitement through the cryptocurrency world, breaking the $100,000 barrier on December 4 and hitting an all-time high of $103,647 the next day. Crypto industry executives are weighing in on the six-figure cryptocurrency milestone. The long-awaited achievement set social media on fire as fans and industry insiders celebrated the milestone. A voice that stands out in the space (…)
60% of Uniswap investors are making money after gaining 122% in 30 days. Wallet profitability is at the highest level since 2021, increasing the possibility of profit-taking activities. Uniswap (UNI) It’s a strong rally after rising 124% in the last 30 days. At press time, UNI was trading at $15.55 on volume of more than $1 billion. CoinMarketCap. UNI’s rally appears to have cooled off since then. Bitcoin (BTC) After surpassing $100,000, it attracted attention from altcoins. Nonetheless, altcoins remain in bullish territory amid surging wallet profitability. Data from IntoTheBlock shows that more than 60% of UNI holders are now…
December 5, 2024, Calgary, Alberta, Chainwire The EOS Network Foundation (ENF) is pleased to announce that Ceffu, Binance’s institutional management partner, now supports the EOS mainnet. This partnership provides institutional-level custodian services while also providing new CeDeFi opportunities for EOS token holders through Binance’s MirrorX integration. Ceffu’s advanced custody infrastructure allows institutions to confidently secure their EOS assets using multi-party computation (MPC) and customizable permission schemes. MirrorX allows institutional fund managers to deploy CeDeFi strategies that leverage the best of both the CEX and DeFi worlds. By leveraging Binance’s liquidity and advanced trading mechanisms, EOS token holders have access to…
Louisa Crawford December 5, 2024 14:30 Cross-chain bridges facilitate secure data and asset sharing between blockchains, improving interoperability, DeFi opportunities, and user flexibility within blockchain ecosystems. The rapidly expanding cryptocurrency landscape encompassing numerous blockchains beyond Bitcoin and Ethereum has created a critical need for interoperability. According to Chainalytic, cross-chain bridges have emerged as a solution to enable secure transfer of data and assets between different blockchains. Understanding cross-chain bridges Cross-chain bridges serve as a connecting framework that allows different blockchains to securely communicate and share assets. These bridges use messaging systems to allow blockchains…
The worlds of crypto and sports share strikingly similar characteristics: fervent passion, deep camaraderie, and tightly knit communities built united by a singular devotion to the “team.” Over the past few years, these two realms have increasingly intersected, blending in unexpected ways. The result? A burgeoning underground community where crypto technology is becoming a tool for fueling — and even amplifying — sports fanaticism. The idea of merging sports and crypto products began early in 2014 with projects like Jetcoin trying to tokenize athletes. However, the concept was way ahead of its time and ultimately failed due to a limited…
The price of Bitcoin (BTC) surpassed $100,000 a day after President-elect Donald Trump selected cryptocurrency advocate Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC).On December 5, the top cryptocurrency rose as much as 4.95% to a new record high of around $103,640, increasing its net return to over 50% following President Trump’s re-election. Most analysts now expect Bitcoin to surpass $100,000 and continue its upward trend. But how high can Bitcoin go in the short and medium term? Bitcoin price will rise to $146,000 — AnalystCryptoQuant CEO Joo Ki-young attributes Bitcoin’s price milestones to…