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Showing posts from February, 2024

VeChain's March Rally: VET's Potential Surge with New Tokens

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VeChain, a leading blockchain platform tailored for enterprises, has been generating considerable buzz in the cryptocurrency realm following its recent announcement of the VeBetterDAO platform alongside the introduction of two fresh tokens, B3TR and VOT3. This unveiling marks a significant leap forward in fostering sustainability efforts and propelling the widespread adoption of blockchain technology across various sectors. As the VeChain ecosystem continues to expand, investors are keen to gauge the potential trajectory of VeChain’s native token, VET, as we move into March 2024. VeBetterDAO: A Testament to Innovation and Sustainability The introduction of VeBetterDAO underscores VeChain’s unwavering commitment to innovation and sustainability. This platform functions as a driving force for a decentralized application (dApp) ecosystem geared towards promoting sustainability initiatives across diverse industries. By harnessing VeChain’s robust infrastructure, VeBett...

Dogecoin Forecasted To Surge 250%

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Dogecoin is rallying in the charts and is up nearly 30% in the last 24 hours. The leading meme cryptocurrency kick-started a rally minutes after Bitcoin climbed above the $62,000 mark on Wednesday. DOGE is bringing back memories of 2021 when it delivered life-changing gains to early investors. The future looks bright for the meme coin as a new forecast suggests that its price could surge by another 250%. Also Read: Cryptocurrency: 3 Coins Below 20 Cents That Can Give Good Returns This puts Dogecoin on a pedestal as it is now among the top-performing cryptocurrencies this year in 2024. A leading price prediction firm has estimated that DOGE could continue the rally well into 2025. In this article, we will provide a price prediction on how high DOGE could trade in the next 12 months or more. Dogecoin: DOGE Estimated To Spike Another 250% Source: CryptoPotato The Finder’s panel of cryptocurrency experts predict that Dogecoin could rise by another 250% from its current p...

Top Selling NFTs This Week – Milady Maker And Bored Ape NFTs Take The Top Ranks

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The non-fungible token market has now recovered and is returning to an upward trajectory after experiencing a multi-year downturn, which left 95% of crypto investors holding worthless NFT investments. In this article, we have listed some of the top-performing NFT collections this last week of February. 1. Milady Maker NFT Collection Milady Maker, a non-fungible token collection from the digital asset firm Remilia featuring a fixed set of 10,000 NFTs hosted on the Ethereum blockchain network, is the top-selling NFT collection this last week of February. In the past 24 hours, Milady Maker has raised a trading sales volume of 831ET. The NFT collection has a market capitalization of $116 million and a floor price of $11,660. 2. Bored Ape Yacht Club NFT Collection Bored Ape Yacht Club, an all-time top-selling NFT collection from the digital asset firm Yuga Labs featuring a fixed supply of 10,000 bored apes hosted on the Ethereum blockchain network, is this week’s second most-sellin...

Here’s the Upside Potential for Solana (SOL) in the Coming Crypto Bull Run, According to InvestAnswers

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A popular crypto analyst is laying out the potential upside for Ethereum (ETH) competitor Solana (SOL). In a new YouTube video, the anonymous host of InvestAnswers notes to his 478,000 subscribers that Solana hit 20% of Ethereum’s market cap in December but has been outperformed by the second-largest crypto asset in the months since then. The InvestAnswers host says that if Solana returns to that 20% level, that would mean a SOL price of around $171, based on what ETH’s currently trading for. “If we go to one-third of the market cap of Ethereum, that’s $277. If we go to half of Ethereum, that’s $421, and if we go to 70% of Ethereum – $585. A lot of people talk about it becoming parity, but I’m not going to go there, because ETH is still a big machine, a big monster. And remember, we’ve been at some of these levels before in the past, and we can probably go to them again.  But the other good news is, as the value of Ethere...

Bitcoin breaks $59k as explosive presale puts Pullix on investors’ radar

Bitcoin price has spiked past $59k to see bulls target $60k. Pullix is seeing huge demand as it unveils a PLX bonus round. The price of Pullix could explode when the token lists for trading on Uniswap and BitMart in coming days. The last 24 hours have seen the global cryptocurrency market cap rise a further 3.4% to hit $2.31 trillion, with Bitcoin ( BTC ) breaking above $59,000 amid signals of a parabolic run. As the crypto market experiences fresh upside momentum, investors eyeing the potential windfall of returns from rallying altcoins have turned their attention to Pullix (PLX). The hybrid exchange platform has announced a bonus presale round after astronomical demand followed the initial close of PLX token sale. BTC storms past $58k: What next as the crypto market cap hits $2.3 trillion? A 5% spike in the price of Bitcoin pushed the benchmark cryptocurrency’s price to highs of $59,500 on Wednesday morning. The result was the bellwether’s mar...

Missed Bitcoin Boat: Trevor Noah Regrets Missing Bitcoin Boom

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Bitcoin enthusiasts often indulge in nostalgia for the early days when the cryptocurrency held little to no monetary value, oblivious to the remarkable ascent that awaited it. Among those haunted by the specter of missed opportunity in Bitcoin’s infancy is the renowned South African comedian and entertainer, Trevor Noah. Bitcoin Hits Record Highs As Bitcoin soared to its highest point in over two years, peaking at $57,000 on Feb. 26, Noah publicly expressed his regret at not seizing the chance to invest in the king coin when it was practically “worth nothing.” Speaking at the inauguration of Web Summit Qatar 2024 in Doha, Noah openly confessed that not purchasing Bitcoin earlier ranked as the “biggest mistake” of his life. Source While Noah, famed for his wit and humor as the former host of The Daily Show, shared his insights on technology and artificial intelligence. He didn’t shy away from addressing his fear of missing out on the crypto craze...

Solana (SOL) Trader Goes Viral with 4,530x Return: What About BONK?

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After holding WIF for three months, a trader turned $310 to $1.4 million. BONK’s price could extend to $0.000026 as the MACD signaled bullish momentum.  The AO indicated that WIF’s price could continue climbing despite a previous sell signal. A trader who bought dogwifhat (WIF) last November has earned a tremendous 4,530x on his holdings. According to Lookonchain, the trader bought 2.58 million WIF tokens with Solana (SOL) worth $310 on November 26, 2023. As of this writing, WIF’s price was $0.54, jumping by over 42% in the last 24 hours. This means that the 2.58 million WIF tokens were now worth $1.4 million at press time. Despite the rally WIF had, the trader declined to sell.  With only 5.288 $SOL($310), this trader made ~$1.4M(4,530x)! He spent 5.288 $SOL($310) to buy 2.58M $WIF on Nov 26, 2023. Since the price of $WIF has increased by ~50% today, the value of 2.58M $WIF has increased to $1.4M!https://t.co/0SVofa1u4x pic.twitter.com/dPWABG2O...

Starknet’s (STRK) Price Bounces: Is $3 Feasible In the Short Term?

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Development activity on Starknet has been improving since the team resolved its issues. Increased buying pressure alongside a rise in ETH’s price might send STRK to $2.35. Starknet’s TVL crossed the $1 billion mark, suggesting a rise in network health. The price of STRK, the token of the recently launched Ethereum Layer 2 project Starknet, has increased by 2.76% in the last 24 hours. This surge was proof that the token had experienced significant relief after the Starknet team adjusted its token unlock schedule.  Previously, Starknet had set an unlock schedule that did not sit well with the community. After a series of back-and-forths, the team decided to revise the timetable. Besides this move, there seems to be a lot of development activity on the Starknet network. According to an investor with the X handle ‘Crypto Rand’, the Starknet ecosystem looks “epic” from a development standpoint. Development activity can either be bullish or bearish for a projec...

Here’s why Frax Finance (FXS) token soared today

Frax Finance is looking to mirror Uniswap’s proposal to allocate protocol fees to stakers FXS price surged to highs of $9.64 and could break above $10 if bulls hold onto gains. After the Uniswap Foundation released a proposal seeking to distribute network fees to UNI stakers, the team at Frax Finance have outlined a similar proposal. Frax Finance founder Sam Kazemian outlined this during an interview with CoinDesk. The Frax Finance team had earlier hinted at this on February 23 via a post on X. Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, mostly being conserved in the treasury now. Time to turn it back on? 👀 https://t.co/3Yd9oDV98A — Frax Finance ¤⛓️¤ (@fraxfinance) February 23, 2024 FXS toke surges amid UNI-like proposal Last week, the Uniswap ( UNI ) token jumped on news of the protocol’s rev...

Bitboy Crypto Ben Armstrong Wins Boxing Match Against BITCOIN Developer, BEN Meme Coin Soars

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Bitboy Crypto Ben Armstrong beat meme coin developer ”More Light” in a boxing match, triggering volatility in their respective meme coins, Ben (BEN) and HarryPotterObamaSonic10Inu (BITCOIN). The two crypto influencers took part in the fight night on Feb. 24, which was hosted by the combat sports company Karate Combat. Crowd Thought Bitboy Crypto Would Lose Pre-fight data showed that 62% of the crowd thought ”More Light” would win. But Armstrong beat the odds, and won with a unanimous decision after two three-minute rounds. Following the unexpected outcome, BEN’s price skyrocketed 87% in six hours. It has since retraced to trade up 2.7% at $0.000005424, according to CoinMarketCap. The BITCOIN price, on the other hand, plummeted more than 20% in 4 hours. Traders identified the pull back as a good buy opportunity, as the crypto surged more than 22% over the past 24 hours to trade at $0.05364 as of 5:05 a.m. EST. “More Light,” the pseudony...

BRICS: 30 New Countries Prepare To Join Alliance in 2024

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A handful of developing countries are preparing to join the BRICS alliance in 2024. Developing countries from Asia, the global south, Africa, and even Europe are considering securing a spot in BRICS this year. The upcoming BRICS summit will be held in October 2024 in the Kazan region of Russia. The 16th summit will see a new influx of applications from countries that are preparing to join BRICS this year. Also Read: When Will Saudi Arabia Join BRICS? India’s Foreign Affairs Minister S Jaishankar confirmed that more than 2 dozen countries want to join BRICS in 2024. The development indicates that developing countries trust the alliance and want to distance themselves from the US dollar. The spiraling debt of $34 trillion is a burden to developing countries that hold billions in US dollars as reserves. Therefore, developing nations are aiming to reduce the risk of debt by putting their local currencies first for trade. Read here to know how many sectors in the US will ...

Top Crypto Gainers Today February 24 – DYDX, Uniswap, PancakeSwap, EOS

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Top gainers DYDX, Uniswap, PancakeSwap, and EOS are making waves in today’s crypto market. DYDX, with its innovative trading services, has spiked by 20.09% in 24 hours, boasting a market capitalization of $644.31M. Uniswap, driven by community governance, soared by 68.34% to a market cap of $7.14B. PancakeSwap flourishes on the BNB Chain with an 11.25% surge, holding a market cap of $757.44M. EOS, renowned for scalability, saw a 4.12% rise, valued at $0.806497. Also, Sponge V2, with over 4,917% increase in price since its launch and a current market capitalization valuation of $49.5 million, presents a compelling opportunity for investors. Biggest Crypto Gainers Today – Top List In the last 24 hours, the cryptocurrency market witnessed a mixed performance, with 45% of cryptocurrencies gaining value while 55% experienced losses. Notably, Uniswap emerged as the top gainer, surging by 69.42%, while Braintrust faced the highest loss at -18.84%. Over the past year, Pepe Coin...

Decentralized Finance Money Market Protocol Aave Launches on BNB Chain

The top lending platform in decentralized finance (DeFi) is now on the BNB Chain. In a thread on social media platform X, BNB Chain says money market protocol Aave (AAVE) is now integrated into its network. “We’re thrilled to announce that Aave, the largest DeFi money market protocol, has officially joined the BNB Chain ecosystem. Aave’s integration is powered by strong governance support from the community. This aligns with BNB Chain’s commitment to decentralized decision-making, putting the power in the hands of the users.” Aave is currently the largest DeFi lending protocol with $8.598 billion in total value locked (TVL), according to DeFi data aggregator DeFi Llama. With its launch on the BNB Chain, Aave joins the roster of DeFi platforms in the blockchain’s ecosystem, which include Uniswap (UNI), Ambit Finance (AMBT), PancakeSwap (CAKE) and Lista DAO. BNB Chain says the development will benefit the users of both Aave and its network...

Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands

TBC and Riot Platforms sue EIA over Bitcoin data demands, alleging intrusion. Senator Warren’s involvement is seen as part of a broader political strategy. Bitcoin mining faces scrutiny for energy consumption, environmental impact. In a bold move against the US Energy Information Administration (EIA), the Texas Blockchain Council (TBC) and crypto miner Riot Platforms have filed a lawsuit, alleging unlawful data collection demands targeting the Bitcoin mining sector. EIA’s data collection plan  Last month, the EIA announced plans to collect data on electricity consumption by certain US-based crypto miners, effective from early February. Commercial miners were mandated to disclose intricate details, including the types of machines used and the locations of their mining operations. The controversial move followed an emergency approval from the Office of Management and Budget on January 26. We're initiating collection of data regarding #elect...

Filecoin: FIL Surges 55%, Can It Hit $9 This Weekend?

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Filecoin (FIL) has witnessed a significant price spike over the last week. FIL has surged 5% in the daily charts, 32.8% in the weekly charts, 46.5% in the 14-day charts, and more than 55% over the previous month. However, the asset is still down by 11.8% since February 2023. Source: CoinGecko Filecoin’s (FIL) recent rally could be due to its integration with the Solana network. The project announced that it will host Solana’s block history from now on. The move will allow Solana-based projects to move away from centralized solutions. Solana (SOL) was among the best-performing cryptocurrencies of 2023, rallying by nearly 1000% at one point. Also Read: Filecoin Price Surges 18% as New Altcoin Could Join Top Crypto Gainers Next Anatoly Yakovenko, the founder of Solana Labs, stated, ‘ I am really excited to see this launch. Huge thanks to Filecoin for building an awesome decentralized archive layer. ‘ Will Filecoin (FIL) hit $9 this weekend? Source: ...