Legendary cryptocurrency analyst, Benjamin Cowen expressed confidence Ethereum (ETH)The world’s largest altcoin could soon surpass Bitcoin (BTC). This bullish outlook comes as both major cryptocurrencies significant price fluctuationsHowever, Cowen expects Ethereum’s current downtrend to end by the end of the year, setting the stage for a rebound. Ethereum on track to overtake Bitcoin Recently interview On the Bankless podcast, Cowen provided an in-depth analysis of the current state of the cryptocurrency market, highlighting Bitcoin. Ethereum price fluctuations Compared to previous bullish cycles, the analyst provided insight into Ethereum’s prospects and said the cryptocurrency Better than Bitcoin In the next rising…
Author: Crypto Flexs
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Polymarket, a decentralized prediction platform, has amassed nearly $900 million in bets on the winner of the 2024 US presidential election. According to the platform, US Vice President and Democratic presidential candidate Kamala Harris is leading with a 50% win rate and over $127 million in bets. Republican presidential candidate Donald Trump is in second place with a 49% win rate and nearly $144 million in bets. The Block reported that Trump initially had a lead over Harris in the polymarket betting, but Harris overtook Trump on Aug. 12 when the market for a Trump winner was $572 million. In…
Polygon’s POL (formerly MATIC) has been on a tear over the past 24 hours. The rise of POL appears to be related to the major move on Binance. POL promises new income possibilities for its holders. Last year, Polygon’s native token MATIC underperformed the broader cryptocurrency market despite announcing an exciting new roadmap and several technological developments. However, the network’s fortunes may change after Polygon upgraded MATIC to POL. Over the past 24 hours, the asset has outperformed the overall crypto market, likely due to moves that appear to be related to the transfer from MATIC to POL on Binance.…
The BNB (BNB) price rose 7% between September 11 and September 13, breaking $550 for the first time in two weeks. This move significantly outpaced the 2% gain seen across the broader altcoin market cap over the same period, indicating a specific dynamic related to the BNB chain and the Binance exchange.BNB/USD (right) vs. altcoin market cap (left). Source: TradingViewIn a broader sense, BNB has struggled to maintain levels above $600 for the past three months, but that has been enough to solidify its position as the third-largest cryptocurrency outside of stablecoins. The last time Solana (SOL) surpassed BNB was…
It’s Friday! In today’s Daily, MicroStrategy buys an additional 18,300 Bitcoins for $1.1 billion, Wormhole brings Worldcoin’s World ID to Solana, Starknet community votes to implement STRK token staking, and more.Meanwhile, the SEC argued that referring to the tokens as “cryptocurrency asset securities” did not mean that the tokens were actually securities.Let’s get started.MicroStrategy Buys 18,300 Additional Bitcoins for $1.1 BillionMicroStrategy, a business intelligence firm and corporate Bitcoin holding company, has purchased an additional 18,300 BTC for approximately $1.11 billion, bringing its total holdings to 244,800 BTC, or approximately 1.2% of the total Bitcoin supply of 21 million. According to…
In the ever-evolving world of financial trading, the search for a platform that combines efficiency, security, and user-centric design is paramount. Trustwave.trade has emerged as a top choice for traders looking to navigate the intricacies of financial markets with confidence and ease. This article provides an in-depth look at what Trustwave.trade has to offer, and explains how the platform stands out through its intuitive design, impressive results, robust security, and comprehensive support.Easy Trading: Simplifying Your Investment Journey**Easy Access**The journey to financial success begins with a smooth and intuitive entry point, and Trustwave.trade excels at this. The platform’s login process is…
This article is also available in Spanish. Bitcoin Cash (BCH) is bracing for a potential downside after a brief bounce from the trendline but failed to generate bullish momentum. Instead, the cryptocurrency is now facing a bearish extension, targeting a key support level of $288. With sellers regaining control, the market is on high alert, wondering if this new downward pressure will push BCH lower or if a bounce is still possible. This article looks at the recent bearish expansion of Bitcoin Cash. Break down It is on the trend line. Analyze the main technical indicators, examine the market sentiment,…
‘Meet Your Meme’ TOKEN2049 After-Party Brings Crypto Giants and Memecoin Enthusiasts Together in Singapore – Chainwire housenewsroom’Meet Your Meme’ TOKEN2049 After-Party Brings Cryptocurrency Giants and Memecoin Enthusiasts Together in Singapore We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose…
Bitcoin’s (BTC) rescue rally has seen it rise 21% from its August 5 low of $49,577. The recovery has also been witnessed in the broader cryptocurrency markets, with the overall market cap up 20.5% since August 5, reclaiming the $2 trillion level.Market participants are now looking for clues as to whether the cryptocurrency market has bottomed and is in the early stages of a trend reversal. Uncertainty may decrease after September FOMC meetingSome analysts believe investors will hold their positions until the Federal Reserve decides whether to cut rates at its next FOMC meeting scheduled for September 18. Although there…
Ethereum (ETH) creator Vitalik Buterin said that starting next year, he will only publicly mention Layer 2 projects that he believes are moving toward optimal decentralization. Buterin, who has 5.4 million followers on social media platform X, said he plans to publicly name only L2s, “phase 1” and above, by 2025, referencing a previous blog post detailing the different stages of decentralization. In a November 2022 blog post titled “Proposed Milestones for Rolling Out the Training Wheels,” Buterin said L2 is either at Stage 0, Stage 1, or Stage 2 in terms of decentralization. Buterin said “phase 1” means that…