In a surprising turn of events, a top cryptocurrency expert has drawn striking similarities between the fast-growing RCO Finance (RCOF) and the meteoric rise of Shiba Inu (SHIB) in 2021. Experts suggest that RCOF can hedge against significant price increases by highlighting similar trading patterns and volume trends. But what factors contribute to this optimistic outlook? Find out more below! RCOF: The next Shiba Inu? Analysts predict a rapidly growing market. One analyst says RCOF could be as promising as SHIB in 2021. As you all know, Shiba Inus have captured the attention of investors and changed their lives. Likewise,…
Author: Crypto Flexs
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Louisa Crawford November 12, 2024 04:24 BTTC’s cross-chain bridge leverages sidechains and multi-layer architecture to improve blockchain scalability, interoperability, and security. Discover its unique features and benefits. The BTTC cross-chain bridge has emerged as a cutting-edge solution in the blockchain industry, offering improved scalability and interoperability. The technology, developed by BitTorrent Inc., uses sidechains and multi-layer architecture to facilitate seamless asset transfers across various blockchain networks, including TRON, Ethereum, and Binance Smart Chain (BSC), BitTorrent Inc. said. Cross-chain technology and methodology The BTTC cross-chain bridge improves blockchain scalability by utilizing a two-way anchor bridge…
Cryptocurrency market capitalization has reached an all-time high of $3.12 trillion and is now close to surpassing France’s gross domestic product (GDP). On November 11, the total cryptocurrency market cap surged 7% in 24 hours, hitting $89,500, largely due to Bitcoin’s sharp surge. If the cryptocurrency market were a country, it would be the 8th largest market by GDP, behind the US, China, Germany, Japan, India, the UK, and France.Meanwhile, according to the International Monetary Fund (IMF), the Bitcoin market capitalization alone currently exceeds $1.77 trillion, which is larger than Spain’s GDP.According to CoinGecko, which tracks 15,129 coins across 1,149…
Ted Hisokawa November 12, 2024 03:16 PayPal USD (PYUSD) now supports native cross-chain transfers between Ethereum and Solana via Wormhole, improving stablecoin trading without token wrapping. PayPal USD (PYUSD) will expand its blockchain capabilities by integrating with interoperability platform Wormhole to support native cross-chain transfers. According to Wormhole, this development will enable seamless movement of PYUSD between the Ethereum and Solana blockchains. Basic PYUSD transfer Integration with Wormhole simplifies the user experience by eliminating the need for token wrapping. This initiative offers several benefits: Competitive fees for cross-chain PYUSD transfers. There are no…
Polygon’s (POL) AggLayer receives first native stablecoin support. This move promises significant benefits for chains, applications, and users connecting to the protocol. AggLayer promises to connect all of Web3 on top of Ethereum. AggLayer, a Polygon (POL)-backed interoperability solution, is gaining increasing attention as the Ethereum ecosystem seeks to address fragmented liquidity and user experience. Following support from Movement Labs and most recently Magic Labs, the project has now received support from Agora, a leading stablecoin issuer promising enhanced accessibility and liquidity. “Big leap” Polygon’s (POL) AggLayer receives first native stablecoin support. In an announcement on Monday, November 11th at…
Tony Kim 11 November 2024 17:34 Tether has launched WDK, an open-source toolkit that enables non-custodial wallet integration for USD₮ and Bitcoin, advancing decentralized financial systems for developers. Tether, a well-known company in the digital asset industry, has unveiled its latest innovation, the Wallet Development Kit (WDK). According to Tether, this open-source modular software development kit is designed to enable developers and enterprises to seamlessly integrate non-custodial wallets for USD₮ and Bitcoin into applications, websites, and devices. Strengthen developer capabilities with WDK Tether’s WDK is built to emphasize user sovereignty, aligned with the fundamental…
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Bitcoin (BTC) price entered a strong price discovery phase for the first time since December 2020 after the weekly chart closed above $80,000. BTC’s bullish structure has led to a short-term to long-term outlook, with several analysts believing that various six-figure price targets will be achieved sooner rather than later. Bitcoin could reach $125,000 by New Year’s Eve.Popular market analyst Peter Brandt highlighted that Bitcoin tends to repeat bullish price action trends when it decides to “mark up.” The trader commented on BTC’s current movement above previous ATH levels and suggested a $125,000 price target based on Bayesian probability. Bayesian…
On November 11, as Bitcoin rose 11% to $89,500, the total daily trading volume of the U.S. spot Bitcoin Exchange Traded Fund (ETF), MicroStrategy Inc (MSTR), and Coinbase Global Inc (COIN) recorded $38 billion. .The record day comes as Bitcoin (BTC) breaks through its long-held price peak, reaching around 2,500 points set in March, according to Bloomberg Intelligence data cited by Bloomberg ETF analyst Eric Balchunas. It was well above the previous high of $10,000.“Lifetime records are being set everywhere,” Balchunas said. He noted that BlackRock’s iShares Bitcoin Trust ETF (IBIT) alone hit a record $4.5 billion in trading volume.“(This)…
Two Solana (SOL)-based memecoins are going parabolic after receiving sudden support from Binance, the world’s largest cryptocurrency exchange. Binance announced spot trading support for Act I: The AI Prophecy (ACT), resulting in an explosive increase of over 2,224% on Monday morning. ACT is trading at $0.486 at the time of this writing, up from its 24-hour low of $0.0191. With a market capitalization of $456 million, ACT is already the 183rd largest cryptocurrency project. The exchange also announced the listing of memecoin Peanut Squirrel (PNUT), a Solana-based coin. PNUT is trading at $0.39 at the time of this writing, with…