Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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WalletsNudge Launches Re:allocation Points App – Unlocking Hidden Value in User Wallets
Berlin, Germany, October 9th, 2024, Chainwire Nudge.xyz, the pioneering protocol behind the Re:allocation Primitive, has launched the Nudge Points App – the first DeFi app designed to reveal the hidden value in users’ wallets. Using a proprietary algorithm, the app assigns Re:allocation Points, serving as a proxy for future Nudge incentives users can unlock by strategically reallocating their assets on Nudge.xyz. What Re:allocation Points Measure In DeFi, assets, liquidity, and on-chain activity are scarce and critical resources. Nudge.xyz rewards users…
8 months ago
Bybit Reports Milestones as bbSOL Concludes First Month on Solana Blockchain
Dubai, United Arab Emirates, October 9th, 2024, Chainwire Bybit, the world’s second-largest crypto exchange by trading volume, is proud to announce the successful completion of bbSOL’s first month, marking a milestone in its mission to advance token staking on the Solana blockchain. As the first exchange-backed liquid staking token (LST) on Solana, bbSOL has gained momentum, attracting attention for its marketing strategies and integration across both centralized and decentralized platforms. Since its launch, bbSOL has positioned itself as a noticeable…
8 months ago
How the Fed’s Rate Cut Unleashed the Strongest Crypto Rally Yet With NEIRO, KAS, and CYBRO in the Spotlight
The latest rate cut by the Federal Reserve has triggered a powerful surge in the cryptocurrency market, propelling several digital coins to new heights. Among the standout performers are NEIRO, KAS, and CYBRO, which have captured significant attention. The article dives into the potential growth of these coins and what sets them apart in this bullish wave. CYBRO Presale Soars Past $3 Million: A One-in-a-Million NeoBank Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token…
8 months ago
POLKADOT Price Analysis 10-9: DOT Continues Decline, Could It Drop Below $4?
Polkadot (DOT) continued its steady decline as sellers dragged the price below $4.10 after buyers lost momentum. DOT could drop to $4 or lower should its downward trajectory continue. DOT has two key support levels: $4 and $3.62. Buyers are expected to defend both levels to prevent a further decline. Polkadot (DOT)’s Decline Continues Polkadot (DOT)’s impressive recovery stalled on September 27 as it lost momentum after reaching a day high of $4.97. As a result, DOT turned bearish and…
8 months ago
HBO Documentary Sparks Controversy as Peter Todd Denies Being Satoshi Nakamoto
Canadian Bitcoin developer Peter Todd has denied claims made in the HBO documentary *Money Electric: The Bitcoin History* that he is the mysterious creator of Bitcoin, Satoshi Nakamoto. The HBO Documentary and Controversy The documentary, directed by Cullen Hoback, aired recently, triggering widespread speculation and debate within the cryptocurrency community. In the documentary, Hoback suggests that Todd may be Nakamoto, based on various coincidences and past statements. This revelation has placed Todd at the center of renewed interest and speculation. …
8 months ago
Leading Stablecoin Issuers & Crypto Firms Embrace International Set Of Stablecoin Standards
London, United Kingdom, October 9th, 2024, Chainwire Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USDStandards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets and JST Digital Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have…
8 months ago
7 Smart and Simple Passive Income Ideas for 2024
Coming into the year 2024, more and more are in increasing need to seek passive income continuously. Cryptocurrency has opened numerous ways to the present date for people to make money with much ease. Herein are seven smart, simple ways of generating passive income, starting with crypto staking. Staking: How does it work? Staking means locking your cryptocurrency in a blockchain network to take part in validating transactions and securing the network. In return, you receive more crypto as reward,…
8 months ago
Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns – Details Here
According to Goldman Sachs, Bitcoin (BTC) price appreciation in 2024 failed to compensate for its price volatility risks. Meanwhile, gold’s higher risk-adjusted returns reaffirmed its “safe haven” narrative. Despite The Gains, Bitcoin Fails To Outshine Gold The leading digital asset by reported market cap surged from roughly $42,000 at the beginning of the year to as high as $73,000 in March 2024, recording more than 73% gains. At its current market price of $62,790, BTC is still more than 40%…
8 months ago
ETH’s Fate Hinges On $2,300: Will Ethereum Soar To $6,000 Or Dive To $1,600?
Ethereum (ETH) has seen significant volatility in recent weeks, dropping from a one-month high of nearly $2,730 at the end of September to around $2,400, raising concerns about the medium-term price sustainability of the second-largest cryptocurrency by market capitalization. Ethereum Rally To $6,000 If $2,300 Support Holds Ethereum has fallen 7% in the past two weeks, with a key support level now at $2,300. This support is crucial for bullish investors hoping for a resurgence that could push ETH to…
8 months ago