The value of the Ethereum (ETH)-based altcoin plummeted after project team members moved thousands of tokens to cryptocurrency exchange Coinbase, according to on-chain data. Blockchain Data Tracker Lookonchain Called Tellor Tributes (TRB), a decentralized oracle protocol, staged a parabolic rally before a sudden large-scale correction, resulting in the liquidation of tens of millions of dollars. Lookonchain says: “In the last 24 hours, TRB surged to $600 (December 31) and then plummeted to $137, liquidating $68 million in assets, making it the most liquidated token.” Source: Lookonchain/X Lookonchain discovered that Tellor team members moved thousands of TRBs to Coinbase, a leading…
Author: Crypto Flexs
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The future prices of meme coins like Dogecoin have always captured the attention of cryptocurrency users, and they are also widely popular, especially among non-investors. There have been several predictions about where the DOGE price will be in 2024. And one of these predictions was provided by CoinCodex’s machine learning algorithm. Dogecoin outlook for January is bearish CoinCodex’s machine learning algorithm predicted where the Dogecoin price would be in January of this year, and it was far from negative. Contrary to calls for a rally for meme coins, the algorithm predicts the price will fall rather than rise, especially as…
StarkNet, a layer 2 scaling solution for Ethereum, has announced a significant update to its roadmap, with major developments targeting launch in 2024. These updates focus on improving network efficiency, reducing transaction costs, and introducing new transaction types. Reduced transaction fees StarkNet v0.13.0, planned for Q1 2024, will reduce Cairo stage/embed costs by 50%. Layer 1 (L1) data availability is reduced by 10% across the board and additional gas discounts apply per transaction and contract change. This is made possible by the expected increase in block size, which leads to more efficient data batching. v3 transaction Version 0.13.0, targeted for…
Every year, The Block Pro Research’s team of analysts make predictions on what we think will be the new trends, narratives, and expectations for the new year. This year’s predictions include our thoughts on how artificial intelligence will play into crypto, whether we believe the bitcoin ETF will be approved, and much more.Consensus predictions General expectations of crypto prices to appreciate in 2024, driven by a risk-on environment. Approval of Bitcoin ETF in Q1 2024. Bullish narratives include Real-World Assets, Decentralized Physical Infrastructure, and Artificial Intelligence. Coinbase as a strong performer and beneficially of institutional adoption of crypto. Increased adoption…
One analyst explained that based on the on-chain price model, the next major targets for Ethereum could be $3,830 and $5,100. The next targets for the Ethereum MVRV price band are $3,830 and $5,100. new post At X, analyst Ali talked about the next major target for Ethereum based on the “MVRV price band”. “Market to Realized Value” (MVRV) is a widely used ratio in on-chain analysis calculated by dividing Bitcoin market cap by realized value. Here, “realization limit” refers to BTC’s capitalization model, which assumes that the real value of every coin in circulation is the last value at…
The US SEC still needs time to review any changes to the Bitcoin ETF S-1 filing filed last week, and only then can it make any specific decisions. On the first day of the new year, Bitcoin (BTC), the world’s largest cryptocurrency, posted a 7% gain on new developments in the Bitcoin ETF sector. BTC price soared to $46,000, the highest in 21 months. As of press time, Bitcoin (BTC) is trading at $45,806, up 7.66%, with a market capitalization of $896 billion. Bitcoin achieved the milestone of exceeding $45,000 for the first time in about two years as expectations…
The appeal of traditional luxury goods such as diamonds is fading, and new competitors have emerged that challenge long-held perceptions of value and investment. Once the epitome of luxury and a symbol of enduring love, diamonds are facing an existential crisis as synthetic alternatives gain popularity. Meanwhile, Bitcoin, a digital currency once viewed with skepticism, is gaining momentum as a viable investment option. This change in preference marks an important turning point for the luxury goods and investment markets. Diamond prices are plummeting For decades, diamonds were considered one of the world’s most powerful and successful industrial cartels, dominated by…
If you’re a fan of the Shiba Inus, you’ll definitely want to know the latest news and information about this beloved breed. Whether you own a Shiba Inu or are considering adding one to your family, there is always something new and exciting happening in the world of the Shiba Inu. From health and care tips to adorable photos and heartwarming stories, there’s so much to learn about these fascinating dogs. So, stick close to your furry friend and get ready for the latest news on Shiba Inus! Tips for caring for your Shiba Inu One of the most important…
Cardano ended 2023 on a high note despite market volatility. DEX volume has played a significant role in Cardano’s growth. As 2023 comes to a close, Cardano (ADA) defied market uncertainty to finish the year on a high. But as 2024 approaches, questions remain about the ADA’s future trajectory. numbers don’t lie Cardano’s journey towards 2024 is marked by impressive statistics, boasting 4.5 million accounts and 1.36 million staked addresses. The network supports a whopping 3,064 staking pools, contributing to a staking amount of 22.76 billion ADA, equivalent to 64.94% of the total supply. In particular, the ADA.D indicator in…
In 2023, the cryptocurrency industry witnessed a series of events that had a long-term impact on the cryptocurrency landscape. From the beginning of Spot Bitcoin ETF mania to the increasing tightening of regulations for major cryptocurrency organizations, 2023 has been nothing short of a roller coaster ride for cryptocurrency enthusiasts and institutional investors alike. Here are the top five events that will shake the cryptocurrency industry to its core in 2023. Blackrock Spot Bitcoin ETF Shakes Up Crypto The world’s largest asset management company, black stone It is the first major traditional investment firm to apply for a spot Bitcoin…