Features Crypto News by Thebittimes.Com

Three addresses bought 11,610 MKR tokens in the last seven days. Sellers are exhausted, so MKR bulls may push the token to $2,000. If the cryptocurrency hits $2,000, a 20% correction may happen. Maker (MKR), the governance token of the MakerDAO has been subject to another round of accumulation, Lookonchain revealed. According to the Lookonchain, three new wallets bought 18.6 million worth of MKR in the last seven days. The “smart money handle” also mentioned that the buyer(s) withdrew tokens from Binance and sent them into self-custody. The withdrawal from the exchange suggests the buyers plan to keep MKR in anticipation of a price increase.  More Increase for MKR in 2024 The accumulation happening a day before 2023 ends was a sign that MKR might have bullish tendencies going into 2024. Previously, Coin Edition had mentioned that some wallets bought some tokens including MKR. Since then, the cryptocurrency price has increased by 10.46% while tradi...

Crypto analyst explained why AI, GameFI, and Meme coin saw the most traffic in the cryptocurrency space.  The analyst said the strongest performers were the crypto aspects users could easily understand.  AI conversations increased tremendously this year as companies flock into the booming space.  In a recent tweet on X, renowned cryptocurrency analyst Miles Deutscher explained why some parts of the cryptocurrency ecosystem got more attention than others in 2023.  Indeed, the analyst posted a snapshot of a CoinGecko research report that broke down activities in various aspects of the crypto space. Per the snapshot, artificial intelligence (AI), GameFi, and Meme coins saw the most traffic during the year.  According to Deutscher, the strongest performers are the parts of the crypto ecosystem users can easily understand. In particular, the trio of AI, GameFi, and meme coins also accounted for a third of all crypto activities this year.  While eme...

As this year ends, the recent performance by Solana (SOL) positions it as one of the biggest gainers this year, especially in the previous month, where it added almost 80% to its value. Cryptocurrency traders and investors contemplate SOL’s potential price ranges in the coming year. Despite still being below its all-time peak of $246.67, this crypto displays indications of recovery in the recent period, which has driven its price above the $100 threshold for the first time in 2023 and propelled its market capitalization to fifth place among cryptocurrencies. A surge of 500% offers new SOL entry points There has been a notable surge in the price of SOL, marked by an impressive increase of over 500% in two months. Notably, a rotation trend is discernible, with a shift towards Ethereum (ETH) and other ecosystems, signaling a potential slowdown in the current momentum for Solana. Finance ChatGPT picks 5 commodities to buy for the start of 2024 Cry...

BONK , a memecoin based on the Solana (SOL) network, has seen a significant price rise since November. The memecoin’s price remained stagnant for most of 2023 but has skyrocketed over the last month. Also Read: Here is How To Be a Millionaire When BONK Hits $0.01 BONK ’s recent rally follows a listing on Coinbase, one of the most significant crypto exchanges. Moreover, the Solana -based token’s trade volume has surpassed rivals such as Dogecoin (DOGE) and Shiba Inu (SHIB) on Coinbase, exceeding the $30 million mark. Will the Solana-based memecoin surge further? Source: NFT Evening Since January, BONK’s price has surged by over 6700%, making it one of the best-performing cryptocurrencies in 2023. The token has outperformed the likes of Solana (SOL), which has surged nearly 1000%, and Bitcoin (BTC), which has risen by about 160% in the same time frame. However, despite the recent price spike, the Solana -based token has faced a massive correction, fal...

Former President Donald Trump cashes out 1,075 ETH, valued at approximately $2.4 million, from his NFT sales. Speculation arises that Trump may use crypto to fund his 2024 presidential campaign. Trump’s move could attract increased scrutiny due to regulatory uncertainty surrounding crypto-driven campaign financing. Former U.S. President Donald Trump has been reported cashing out a substantial amount of Ether (ETH) earned from selling his NFTs. What’s raising eyebrows is the speculation that Trump might be funding his 2024 presidential campaign with cryptocurrency. Blockchain intelligence platform Arkham posted on X that the Trump-affiliated wallet recently transferred a staggering 1,075 ETH, equivalent to approximately $2.4 million, to Coinbase in a series of transactions since December 8. The source of these earnings is believed to be proceeds from the sale of Trump’s NFT collections, including his infamous mugshot. The timing of these t...

Worldcoin (WLD) has announced its launch in Singapore a week after pausing operations in three other nations. In a new company blog post, Worldcoin – founded by OpenAI CEO Sam Altman – says that its launch in Singapore will cap off a landmark year for the identity verification protocol. “Individuals in Singapore can now verify their unique humanness at an Orb in the latest sign of growing global interest in proof of personhood and the Worldcoin project. After the successful launch of World ID 2.0 and the open sourcing of the Worldcoin iris recognition pipeline in mid December, World ID verifications are now available in Singapore via the Orb, the project’s custom hardware device.” Worldcoin’s Orb is a helmet-shaped peripheral customers use to verify their IDs. To use it, investors have to download the Worldcoin app and a compatible wallet and then visit the Orb to have their eyeballs scanned as a means of verifying their identities. Worldcoin says it ...

Continuing its long-standing accumulation of the asset, MicroStrategy has purchased an additional 14,620 Bitcoin (BTC). Moreover, this latest acquisition is worth more than $615 million, bringing its full holdings to a remarkable 189,150 Bitcoin worth $8 billion. Michael Saylor’s business intelligence firm has not wavered in its mass accumulation of the most prominent digital asset. Indeed, that bet appears to be a positive one considering its rapid ascension over the last year. Subsequently, Saylor announced that the accumulation has not ended with its latest additions. JUST IN: MicroStrategy purchases an additional 14,620 #Bitcoin ($615.7 million). — Watcher.Guru (@WatcherGuru) December 27, 2023 Also Read: Michael Saylor’s MicroStrategy Bitcoin Hits $2.3B Unrealized Profit Saylor’s MicroStrategy Buys Another 14,620 Bitcoin For 2023, one of its most interesting stories is undoubtedly the rise of Bitcoin. After a horrendous year for the digit...

Barry’s unexpected departure as CEO of Grayscale triggered a series of events in the crypto market. GBTC initiated a sell-off, resulting in a widening discount and exerting downward pressure on Bitcoin. Adam Cochran offered a positive perspective, likening the market adjustments to a Boxing Day sale. In a recent slew of events shared by fintech executive and renowned crypto X analyst Adam Cochran, the crypto market experienced a series of notable changes. According to Cochran, this was set in motion by the unexpected departure of Barry Silbert as CEO of Grayscale. crypto X analyst Adam Cochran The timing of this leadership shift happened on Boxing Day, a holiday celebrated in the U.S. after Christmas when the markets are thin. The repercussions were felt swiftly as Grayscale Bitcoin Trust (GBTC) initiated a sell-off, leading to a widening discount. The sell-off rippled through the broader market, exerting downward pressure on Bitcoin and contribut...

MATIC surged 3.20% in 24 hours, despite Mark Cuban’s transfer to Coinbase. Polygon’s Co-Founder Sandeep Nailwal, described the network as an “underdog.” Analyst Captain Faibik predicts MATIC’s future targets, urging a strategic, long-term approach with a $4.00 goal. According to Sandeep Nailwal, Polygon’s co-founder, Polygon (MATIC) has displayed a bullish tendency, overcoming a challenging year to emerge stronger. Furthermore, the token’s value has increased by 3.20% in the last 24 hours, rising from an intraday low of $0.858421 to $0.923597 before facing some resistance. This increase represents an 11.1% increase in the previous week and a 12.97% gain in the last 30 days. In addition, MATIC’s market capitalization and 24-hour trading volume increased by 2.81% and 42.10% to $8,399,134,682 and $853,992,918, respectively, reflecting the increasing investor interest in crypto. MATIC/USD 24-hour price chart (Source: CoinStats) Sandeep...

Polkadot leads with a 74.76% surge, indicating new trends in the altcoin market. VeChain, Ocean Protocol, and Avalanche witness notable gains suggesting market optimism. WOO Network’s impressive rally highlights emerging opportunities in the crypto space. The cryptocurrency market is witnessing a notable surge, with five key digital currencies drawing significant attention: Polkadot (DOT), VeChain (VET), Ocean Protocol (OCEAN), Avalanche (AVAX), and WOO Network (WOO). These cryptocurrencies have impressive growth rates and indicate potential trends in the digital currency landscape. Polkadot (DOT) has remarkably surged by 74.76% in December, setting a new precedent in the altcoin market. This significant increase in value, as highlighted by renowned crypto analyst Rekt Capital, has not only garnered investor attention but also marked a new high for Polkadot, with its price hovering around $9.13 at press time, per CoinStats. This surge indicates a broader...

Ripple Labs celebrates Christmas, adding to the delight of its landmark victory against the SEC. The platform shared its greetings and gratitude to the XRP community. John Deaton acknowledged the 75K XRP holders who joined him in his fight against the SEC. Ripple Labs has made the crypto community merry on the grand Christmas Day, reflecting on the platform’s victorious journey over the past months. While 2023 comes to an end and 2024 approaches, Ripple emerges successful and compliant with regulations, sharing gratitude with the whole community. Ripple Christmas Celebration Tracing back to December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, accusing the platform and its key executives of being involved in “conducting $1.3 billion unregistered security offerings.” However, following long struggles, Ripple secured a landmark victory against the regulators in July 2023, when Judge Analisa Torres concluded Ripple’s XRP ...

The Bitcoin (BTC) price could potentially dip to the $37,000 region if the orange coin fails to hold its $43k critical support level, according to a fresh Analysis shared by crypto analyst Ali Charts, as key indicators suggest that Bitcoin’s fate still hangs in the balance. Key insights Crypto analyst, who goes by @ali_charts on social media, warns of a potential Bitcoin correction, linking it directly to a sustained close below $43,200. This crucial level acts as a litmus test for the market, indicating a bearish turn if breached. But if this support turns out to hold, it could trigger a possible BTC rise towards $47,360.  Per data from CoinGecko, Bitcoin (BTC) is exchanging hands for $43,780 and has gained 3.40% in value over the last 7 days, with a trading volume of over $12 billion, making clear the level of activity in the market. Are you anticipating a #Bitcoin price correction? The first indicator would be a sustained close below $43,200. If this happens, $BTC could...

Crypto altcoins like Shiba Inu (SHIB) have been in the green entering this weekend, with market sentiment appearing bullish. Following whales beginning to offload their assets from exchanges to private wallets, it appears that whales are holding their Shiba Inu for the long term. Indeed, wallets of the top ten exchanges where the digital assets are concentrated are witnessing substantial withdrawals. Market intelligence platform Santiment shared that this in part causes momentum for the entire altcoin market. Specifically, Santiment underscored that such a trend has historically been considered a bullish indication, as whales traditionally move tokens to exchanges for sell-off. Source: WatcherGuru Furthermore, Shiba Inu burn data has disclosed an impressive 421% surge in burn rate within the last 24 hours. The combination of burning SHIB, increased whale activity, and the meme coin’s collaboration with D3 Global set Shiba Inu up for a potential bullish run to close out 2023. ...

Solana has issued an apology after an “inaccurate representation” of its inventory meant it was forced to cancel orders for its long-awaited — and poorly reviewed — Saga phone. According to a statement issued by Solana on Friday, it has seen “overwhelming demand” for the new handset and has sold out its run of 20,000 units in the US and Europe. However, many would-be buyers were left disappointed when the company announced that a foul-up with its third-party distributor meant they would receive a refund rather than a new phone. “In working to fulfill orders,” Solana wrote on X (formerly Twitter), “we learned of an inventory management issue with our third-party distributor that resulted in an inaccurate representation of our inventory . “Given this, we are unfortunately unable to fulfill orders that were placed after inventory ran out.”  Solana says that affected customers have been notified and that they should be receiving their refund “in the coming days.” Conv...

Assessing the current market conditions, the pursuit of XLM millionaire status requires a carefully devised strategy and timely execution. In the present market scenario, seizing the opportunity to acquire XLM today is seen as a potential avenue for significant gains. However, a pertinent question arises: what quantity of XLM is necessary to amass a million-dollar fortune? As per the latest market update, XLM is currently valued at $0.1225, with a trading volume of $83 million within the past 24 hours. For those aspiring to achieve a $1 million portfolio with Stellar priced at $1 per coin, the calculation is straightforward: divide the desired target of $1,000,000 by the coin price of $1, resulting in the acquisition of 1,000,000 XLM. Also read: Here’s How to Be a Millionaire When Polygon MATIC Hits $2 How much XLM do you need to become a millionaire if the price hits $1? To determine the current cost of this strategic investment, multiply the quantity of XLM (1,000,000) by ...

PancakeSwap unveiled a proposal to reduce CAKE’s total supply to 450 million. The proposal wants to reduce CAKE’s present total supply of 750M by over 300M. CAKE’s price surged 23% following the announcement by the platform. Today, decentralized exchange (DEX) platform PancakeSwap opened discussions on a proposed plan to reduce CAKE’s total supply, a post on its website reveals. The proposal, which seeks to reduce CAKE’s total supply by over 300 million, has since sent the token’s price up.   Indeed, the exchange is seeking input from its community members on its goal to reduce the CAKE token’s total supply to a maximum cap of 450 million. The proposal follows months of what the platform called “consistent deflation” through several token burns.   At present, there are over 388 million CAKE in circulation—a drop aided by the consistent token burns. In total, CAKE has a present total supply of 750 million. Currently, each CAKE token is w...

Shiba Inu (SHIB), the crypto currency that has gained popularity as a meme coin within the crypto community, recently revealed a groundbreaking collaboration with D3 Global to launch its top-level domain (TLD). Despite this innovative move aimed at strengthening its presence in the mainstream, the value of SHIB remains in a downtrend, aligning with the broader crypto currency market. Strategic Partnership between Shiba Inu and D3 Global In a bid to fortify its digital standing, Shiba Inu has partnered with D3 Global, a provider of digital infrastructure, to introduce a distinctive top-level domain extension. This collaboration involves cooperation with the Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit organization overseeing various facets of the Internet. The envisioned “. shib ” domain seeks to overcome the limitations of existing web3 domains like ‘. crypto ’ and ‘.eth,’ which face challenges in seamlessly integrati...

A sanctioned Russian oligarch who sold £15 million of shares in a crypto firm chaired by the former UK chancellor, is believed to have had the funds transferred into cryptocurrency in an attempt to avoid breaching US sanctions, The Guardian reports.  Mikhail Kly UK in owned 2% of share s in the crypto infrastructure firm Copper Technologies before selling it in May 2022 for £15 million.  The Guardian understands that Copper acted as an intermediary, converting the buyer’s sterling into cryptocurrency before forwarding it to Klyukin. It reports that the sale looks to have been designed to skirt US sanctions, which outlaw the use of dollars or the involvement of US citizens in financial dealings with sanctioned individuals. Hundreds of Russian elites, including Klyukin, were sanctioned by the US in March 2022 following the invasion of Ukraine. Klyukin was previously on the supervisory board of Sovcombank , a Russian private bank ranking ninth in held assets. For crypto and Ru...