According to Raoul Pal, co-founder and CEO of Real Vision, the cryptocurrency market is in a “banana zone” and heading towards a “banana singularity,” a period when “everything is going up.”“Banana zone” is a term coined by Pal to describe a period of significant price increases.“Yes, we are still in the banana zone,” macro investor Raoul Pal told X on January 10, adding that the first step in this bull market was the breakout in November last year. This was followed by the current consolidation period, similar to the 2016/2017 cycle. “This won’t last long,” Pal added. Looking ahead, Pal…
Author: Crypto Flexs
Read More
Singapore, Singapore, January 10, 2025, Chainwire Bifrost announced that vDOT, Polkadot’s largest liquid staking token (LST), has been listed as a collateral asset on the Hydration Money Market. Within 15 hours of initiating deposits and borrowing, vDOT reached its supply limit of 220,000 and the Total Value Locked (TVL) that DOT drove by leveraging demand exceeded $2.2 million. Integrating vDOT into the Money Market will enable new strategies for DeFi participants on Polkadot. By staking Polkadot (DOT), participants will receive vDOT that can be used as collateral to borrow additional DOT. This process allows the cycle to be iterated to…
just alvin January 10, 2025 08:56 The Tezos community promises to improve transaction bandwidth by 20x to 4000x by enabling the Data Availability Layer, a key technology for rollup scaling. The Tezos community is being asked to enable the Data Availability Layer (DAL), a groundbreaking technology introduced with the Paris Protocol upgrade. According to Tezos, this initiative is essential for roll-up scaling and is consistent with the Tezos The role of the data availability layer DAL is designed to significantly improve the bandwidth of the Tezos network, increasing the amount of transaction data that…
Disclosure: This article does not represent investment advice. The content and materials contained on this page are for educational purposes only. Cryptocurrency investors are shifting their focus from giants like Ripple and Solana to emerging gems like Remittix, a promising platform set to redefine cross-border payments. Sentiment in the cryptocurrency market is starting to shift from established projects to smaller, upcoming gems with strong potential. Of course, cryptocurrency whales are still interested in coins like Ripple (XRP), Cardano (ADA), Solana (SOL), and others. However, groundbreaking use cases for cross-border transfers have led to renewed interest in projects like Remittix, which…
Rebecca Moen January 10, 2025 06:58 Dev.to and AssemblyAI’s Winter Speech-to-Text Challenge concluded with an innovative project. Winners showcased applications that enhance speech-to-text technology across a variety of categories. The recent collaboration between Dev.to and AssemblyAI culminated in the Winter Speech-to-Text Challenge, which attracted notable participation from the tech community. According to AssemblyAI, the event saw 75 participants submit innovative projects across three categories. The challenge aimed to push the boundaries of voice recognition technology and give participants the chance to win $1,000 in prize money, six months of Dev++ membership and exclusive gifts.…
A talented cryptocurrency trader and wealthy investor is attracting attention for making huge profits by trading the meme token PEPE. Blockchain tracking company Lookonchain revealed that an anonymous trader moved 427 billion Pepe tokens, worth $8.5 million at the time, to Kraken, a US-based cryptocurrency exchange where the cryptocurrency could potentially be sold on the public market. Meanwhile, Whale continues to hold 1 trillion PEPE worth $18.4 million at the time, showing a profit of about $2 million. Last month, the same trader sold all of his Pepe holdings during the early stages of the December market correction, making millions…
Pirates get a bad rap for being swaggering, rum-swilling thieves of the high seas, but let’s be realistic. Life in a creaky wooden deathtrap wasn’t exactly a Disney ride. The movie never shows the joys of scurvy-induced tooth roulette or sharing buckets with toilets and soup pots. And while Captain Jack Sparrow was strutting around like he was on a fashion runway, real-life pirates were probably more worried about not catching dysentery in their boots. Forget about treasure chests. The real prize was a day without a pair of dry socks and explosive diarrhea. Next we have sea monsters. that…
Rebecca Moen January 10, 2025 04:25 According to the Sui Foundation, Sui’s DeFi ecosystem grew significantly in the fourth quarter of 2024, reaching a peak TVL of $1.8 billion and a cumulative volume of $44.3 billion. According to the Sui Foundation, Sui’s decentralized finance (DeFi) environment has seen impressive growth in the fourth quarter of 2024, demonstrating impressive metrics and strategic advancements. The ecosystem’s performance has been driven by new stablecoin deployments, increased institutional interest, and infrastructure improvements such as Sui Bridge and DeepBook. Key indicators and achievements Throughout the quarter, Sui’s Total Value…
Stellar Lumens’ downtrend headed towards key support levels at $0.3 and $0.36. An upward liquidity sweep could influence the price to rebound towards $0.50. Stellar Lumens (XLM) It was up 45% in early January but has erased some of the gains. The recent market sell-off may present another buying opportunity for swing traders and investors. After surging from $0.30 to nearly 50 cents, XLM’s continued decline was heading toward a key level that could re-engage bulls’ attention. Stellar Lumens Price Prediction Source: XLM/USDT, TradingView First, the New Year’s upward trend reversed the daily chart market structure to a strong one.…
The Bitcoin (BTC) daily chart is showing weakness for the third straight day, with the largest cryptocurrency asset nearing $92,000 on January 9th. General investor sentiment was further subdued following the US Department of Justice (DOJ) approval on January 9th. With sales of 69,000 BTC worth over $6.5 billion, spot Bitcoin ETFs recorded the second highest net outflow at $569.1 million. Questions include “Is the Bitcoin bull market over?” As X begins to surface, one analyst said bullish optimism about BTC should remain intact. News-Driven Volatility Haunts Bitcoin PriceBitcoin’s recent decline was largely influenced by uncertainty surrounding Federal Reserve interest…