Blockchain transactions surged 12-fold in just 4 days. 100% of the inscriptions were produced. transaction NEAR Protocol (NEAR) According to Near Blocks, blockchain surged to unexpected levels between December 1st and 2nd. Total as of November 29 transaction The number of NEARs was 1.84 million. However, at the time of going to press, the same figure stood at 13.93 million, a 12-fold increase in a matter of days. Source: NearBlocks.io There was no reason for the rapid increase in trading volume. According to research by AMBCrypto, NEAR has become the latest Layer 1 (L1) blockchain with the inscription. NEAR and…
Author: Crypto Flexs
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A bull run is like a forest fire. You need a combination of conditions to get started.For a forest fire to occur, there must be long periods of rain, high temperatures, and strong winds at the time of ignition. Yes – wildfires have been made worse by record methane emissions, which Bitcoin helps mitigate. But that’s not what this article is about. This time it’s just a metaphor. Halving causes new supply of Bitcoin to dry up (it doesn’t rain). They have increased interest in the timing of Bitcoin market entry (hot). But it also requires strong winds and an…
Bitcoin (BTC) starts the first week of December above $40,000, in better shape than it has been since early 2022.BTC price action is already pleasingly bullish as the month begins, with the weekly close providing a trip above $40,000 for the first time since April of last year.As the bull market has recently shown an upward trend due to macroeconomic changes and expectations for America’s first spot ETF (exchange-traded fund), short selling is disappearing and liquidity is weakening.Despite concerns and some predicting a massive price retracement, Bitcoin offers some respite to sellers who consistently miss out on profits or are…
In the dynamic world of cryptocurrency, industry leaders are optimistic about the start of a new bullish phase, with growing expectations that Bitcoin will surpass $100,000 and reach an all-time high in 2024. Bitcoin has experienced an incredible rise of over 120% this year alone, leading many enthusiasts to believe that this upward momentum will continue next year. Last week, the price of Bitcoin closed at around $37,450. Markets have experienced significant volatility this week following the US Department of Justice’s settlement with Binance, the world’s largest cryptocurrency exchange. The announcement of the agreement and the resignation of Binance’s CEO…
Citing rising futures premiums, one observer said the ‘basis trading’ prominent in the 2020/2021 bull market is hinting at a resurgence.
osmosis Osmo + UX Chain (formerly), Cosmos’ largest decentralized exchange and lending protocol Umee) proposed a merger, heralding a large-scale integration of the Cosmos ecosystem. If approved, the merger could integrate the lending logic and algorithms of Osmosis’ DEX and UX chains and create a comprehensive DeFi hub. The proposal, a joint effort by contributors from Osmosis and UX Chain, details the strategic plan for the proposed merger. This process unfolds in stages, starting with integrating UX Chain’s codebase into Osmosis Chain. This integration aims to integrate the functionality of both platforms. Expected outcomes of this initial phase include blending…
eTukTuk has become one of the most preferred eco-friendly modes of transportation in Asian countries. Since TukTuk is a widely used vehicle in Asia, incorporating blockchain technology has received great response among cryptocurrency enthusiasts. This article provides a detailed explanation of why eTukTuk is considered a great opportunity to invest in and what makes eTukTuk different from other companies. What makes eTukTuk stand out? For traditional modes of transportation, including gasoline, diesel and petrol vehicles, the pollution caused by fuel is undeniable. It causes problems for both humans and the environment. The amount of CO2 emitted from these vehicles directly…
The price of Bitcoin (BTC) “logically” should undergo a correction once a spot Bitcoin exchange-traded fund (ETF) is approved, but commentators acknowledge that the cryptocurrency is also a “wild card.”Bitcoin surged in March amid banking uncertainty, surged again in June when BlackRock applied for a spot Bitcoin ETF, and surged again in October due to optimism about the approval of a spot Bitcoin ETF. etc. has been gaining momentum over the past 11 months.On December 3, Bitcoin surpassed $40,000, its highest level in 19 months. News Event SalesJames Edwards, a cryptocurrency analyst at Finder, said that “logically” the approval of…
A report from JPMorgan analysts pointed to a tentative recovery in DeFi and NFTs. But analysts warn against premature optimism. According to their report, there has been a notable increase in NFT sales and an increase in total value locked in DeFi. JPMorgan analysts led by Nikolaos Panigirtzoglou have approached the recent rise in decentralized finance (DeFi) and non-fungible tokens (NFTs) cautiously. Their report highlights the tentative recovery in these sectors and suggests potential optimism. However, analysts emphasized the need for a cautious outlook, citing subtle factors influencing market changes. DeFi and NFT Recovery Signals In a recent report, JPMorgan…
Gold prices hit a new all-time high in the Asian session on Monday, December 4, surpassing a respectable $2,100 level. Meanwhile, Bitcoin (BTC) also surged above $41,000 for the first time in 19 months. BTC/USD (blue) vs. Gold price (orange) Source: TradingviewBitcoin price surpassed $40,000 and $41,000. Bitcoin triumphed at the $40,000 threshold, a figure not seen since the April 2022 high. This included a sharp 2% jump in 24 hours, hitting a 19-month high for the cryptocurrency. Strong Tailwinds for Bitcoin:✅ New ATH for Gold✅ Abolish central banks✅ Worst bond collapse in 250 years✅ BTC ETF plummets(?)✅ Real estate…