As Bitcoin prices rebounded, one analyst chose X to highlight the current bullish situation. in post, the analyst believes the world’s most valuable coin is approaching “escape velocity” with price action breaking away from past candlestick arrangements. This is usually the case, especially when prices approach all-time highs. BTC is approaching key price level | Source: X Analyst Will Bitcoin surpass $70,000 in the next few days? The analyst notes that a normal BTC cycle would typically have seen a downward trend, given the current price and how the coin has bounced over the past few weeks. After revisions, the…
Author: Crypto Flexs
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Ankr expands its infrastructure services by integrating support for OKX Chain’s X1 Layer 2, improving scalability and DeFi access. Ankr, a prominent blockchain infrastructure provider, announced support for OKX Chain’s X1 Layer 2. This strategic move aims to increase the scalability and efficiency of DeFi applications by leveraging the advanced features of OKX Chain. Improved scalability and user experience Ankr’s OKX Chain X1 Layer 2 integration is an important step in solving the widespread problems of network congestion and high transaction fees. Layer 2 solutions promise to drive adoption of DeFi services by providing a seamless user experience with faster…
Sushi has begun the final de-support phase of Trident Pools, advising users to withdraw their liquidity before March 15, 2024 to ensure a smooth transition. Sushi, an innovative decentralized exchange, has announced that the final phase of Trident pool deprecation has begun. This is a pivotal moment for the platform as we streamline our products to improve user experience and operational efficiency. As Sushi continues to evolve its service, it has launched a final call to liquidity providers to withdraw assets from the Trident pool before the deprecation deadline of March 15, 2024. Evolution of the Sushi AMM platform The…
Like Bitcoin, Ethereum The second-largest cryptocurrency token is on the rise, crossing the $3,000 resistance level for the first time since 2021. Interestingly, the cryptocurrency analyst believes the rally is far from over, highlighting the following: key price levels ETH may take a hit soon. Ethereum could rise to $4,000. Cryptocurrency analyst altcoin Sherpa suggested this on X (formerly Twitter). post Ethereum could rise up to $4,000. Considering cryptocurrency analyst Bitcoin Ape’s recent analysis of Ethereum from a technical analysis perspective, his prediction appears feasible. His X post, Bitcoin Ape noted that the Average Directional Index (ADX) indicator is currently…
Peter Brandt, a prominent trader in the cryptocurrency space, has raised his outlook on the value of the Bitcoin token. Brandt expects the bull market cycle to last until August/September next year, or 2025. The previous estimate was worth $120,000. He increased that to $200,000. Regardless of the goals he presents, both values are absurd dreams. Bitcoin could take a pivotal turn and climb the ladder. However, projected values are overly optimistic milestones that are difficult to achieve. Peter based his assumptions on thrust above the 15-month channel cap. The community wasn’t firm on its belief in that number, but…
Posted 1 minute ago In ~ Uniswap UNI +1.48% is launching three tools to facilitate easier cryptocurrency transfers. The first is Uniswap Extension, a wallet extension inside the browser sidebar that simplifies digital asset exchange, transaction signing, and online cryptocurrency trading. Other tools include limit orders, which automatically execute users’ trades when a token reaches a certain price, and data and insights pages that display charts, pool data, trade logs, and other relevant information for traders. Starting today, we are launching Order Limits and Data & Insights pages. Users will need to sign up for the Uniswap Extension waitlist by…
Analysts predicted that Bitcoin (BTC) market capitalization will reach $1.5 trillion due to a surge in spot exchange-traded funds (ETFs) such as Blackrock and a surge in trading volume for the top 10 cryptocurrency assets. Fidelity’s Jurrien Timmer predicts that Bitcoin will soon account for 25% of the non-industrial gold market. Institutions and analysts are optimistic that the surge in XRP, ETH, and BTC, combined with institutional interest in ETFs, will boost capitalization of the cryptocurrency market by at least $500 billion. Why Bitcoin Market Capitalization Is Rising This week Elon Musk tacitly approved Bitcoin as a true currency in…
Upbit, a giant in the Korean cryptocurrency exchange market, has once again become a hot topic. This time, it is to list notable altcoins Altlayer (ALT) and Pyth Network (PYTH). These additions to the Korean Won (KRW) and Bitcoin (BTC) markets have sparked considerable interest and speculation among investors and cryptocurrency enthusiasts. Altcoin achieves double-digit profit on Upbit listing At 09:00 UTC on February 27, 2024, ALT’s BTC pair entered the Upbit market. Upbit has decided to support ALT only on the Ethereum network for deposits. With this decision, the exchange aims to provide a simple and safe trading environment.…
The intertwined story of Tim Draper, a venture capitalist with a firm belief in Bitcoin, and Ross Ulbricht, the infamous founder of Silk Road, explores the ethics, empathy, and unpredictable nature of the cryptocurrency market. presents a compelling exploration of The story delves deeply into the moral quandaries posed by their unique circumstances, offering a nuanced examination of the implications of their actions and the broader social and ethical considerations they evoke.Tim Draper: A testament to resilience and visionTim Draper’s foray into the world of Bitcoin had its fair share of adversity before making a notable purchase of Bitcoin involving…
Decred is a unique cryptocurrency that aims to solve some of the key issues facing the industry today, including governance, scalability, and decentralization. Decred leverages a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS) to allow stakeholders to have a say in the decision-making process while maintaining the security of the PoW blockchain. Features of Decred Decred was designed with several features that set it apart from other cryptocurrencies. Decentralized Governance: Decred stakeholders can propose and vote on network changes, ensuring decisions are made in a transparent and inclusive manner. Scalability: Decred’s on-chain voting…