Bitcoin bulls reawakened this week, sending the flagship cryptocurrency surging to its highest level since mid-January. Bitcoin surged past $46,000 in early trading on February 9, posting an 8% weekly gain. The new momentum comes as analysts predict further upside ahead of Bitcoin’s next halving, which is just two months away. TLDR Bitcoin surged past $46,000 on February 9, marking its highest level since January, amid growing market optimism. Analysts expect the price target to reach $51,000 ahead of the Bitcoin halving event scheduled for April. The rise coincides with historic highs for the S&P 500 stock market index and…
Author: Crypto Flexs
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About two months from now, in mid-April 2024, Bitcoin BTC +0.24% A huge change will occur as the rewards for miners who successfully complete a block will be halved. Known as a “halving” or “halving,” this event is often considered bullish for Bitcoin, as the price of Bitcoin has continued to rise following several halvings in the past. But Grayscale analysts warn that there are ways to explain these price increases beyond simple inventory and flow analysis. After all, “other cryptocurrencies with similar halving mechanisms, such as Litecoin… have not seen consistent price increases following halvings, meaning that while scarcity…
The little-known altcoin surged more than 45% over the last day as a new community proposal to upgrade the protocol’s token passed. In a new video update, John Patrick Mullin, CEO of Mantra Chain (OM), said the community has recently: voted Make OM the only token of the project, causing OM to skyrocket. “We didn’t actually decide to do that. Community members presented proposals to the DAO. Say thank you to OG member The King, who has been one of our community members for a long time. He effectively presented a proposal for the Mantra DAO (Decentralized Autonomous Organization) and…
GhostCoin is making waves in the cryptocurrency world, with its mysterious success capturing the attention of investors and enthusiasts alike. In this guide, we will explore the complexities of GhostCoin and explore the factors that contributed to its rise. From its unique features to its potential for long-term success, we’ll uncover the secrets behind GhostCoin’s mysterious triumph. The story behind GhostCoin GhostCoin was founded in 2017 by a group of anonymous developers who wanted to create a privacy-focused cryptocurrency that could provide secure and untraceable transactions. Inspired by other privacy coins like Monero and Zcash, GhostCoin is starting to carve…
Cryptocurrency markets are abuzz with excitement as the mysterious Chainlink (LINK) whale goes on an incredible shopping spree, accumulating a huge amount of LINK tokens. Recent data from Lookonchain shows that this mysterious whale wallet acquired over 4.5 million LINK tokens in just three days. Based on the current LINK price, this cumulative value amounts to a whopping $84 million. Chainlink whales surge, holders bullish This constant accumulation activity by Chainlink whales has captured the attention of analysts and investors, raising expectations of a possible surge in LINK price in the future. The market is filled with speculation as traders…
OKX cryptocurrency exchange is expanding throughout Argentina. Argentines can now access OKX’s cryptocurrency exchange where they can trade digital assets, including non-fungible tokens (NFTs). According to a blog post, the OKX team expressed excitement about the official launch of the cryptocurrency exchange and Web3 wallet in one of Latin America’s cryptocurrency-friendly markets. The move follows an investigation by OKX into a 50% plunge in the value of its own token, OKB. The unexpected plunge brought OKB’s value down to $25.1, prompting OKX CEO Star Xu to address the issue. The team emphasized a user-centric approach that aims to accelerate adoption…
Animoca’s Yat Siu: How Cryptocurrency Games Are Driving Mass AdoptionYat Siu, CEO and Co-founder of Animoca Brands, joined the FOMO Hour to share his views on the Web3 gaming space, how 2024 is already set to be a big year for cryptocurrency gaming, the importance of education in the Web3 space, and much more.
Deloitte Tohmatsu Group’s NFT development tool is compatible with the Astar zkEVM blockchain managed by Stake Technologies Pte. Ltd (Astar Network) and Startale Labs Pte. Ltd (Startale Laboratories). Astar zkEVM uses Ethereum’s Layer 2 technology with zero-knowledge proof (zk Proof) to improve transaction efficiency and bring Deloitte to the forefront of the Web3 space. Deloitte launched a baseball-themed NFT game application on Astar zkEVM. A digital baseball batting practice mechanic will be integrated into the game, allowing players to earn NFT emblems and increase excitement levels. Deloitte Tohmatsu also supports the development of various blockchain-centric solutions and provides the necessary…
In the dynamic world of cryptocurrency, investors are always looking for the next big opportunity. As the market experiences fluctuations and corrections, it is important to analyze the potential of various cryptocurrencies to determine their long-term viability. In this article, we will examine the current status of the Shiba Inu and look at its growth prospects. Rebel Satoshi ($RBLZ) is a challenger in the Dogecoin and Cosmos space. Shiba Inu’s tendency to correct Shiba Inu (SHIB), known as the “Dogecoin killer”, has been experiencing a correction trend in recent weeks. Despite a significant drop from $0.00001195 to recent lows of…