XRP Price Potential to Reach $1.44

Popular crypto analyst “JAVON MARKS” on X believes that XRP has the potential to be bullish, with the possibility of returning to the psychological level of $1.44. This level is a significant resistance that the major cryptocurrency previously reached in May 2021. From there, according to him, XRP could continue its extreme rise. The analyst … Read more

Strong Buy Indication for Altcoins besides Bitcoin

Fahmi Almuttaqin, an analyst at crypto exchange Reku, has highlighted a “strong buy” indication for altcoins. He also discussed various factors influencing the recent extreme fluctuations in the crypto market, particularly the economic situation in the United States. Strong Buy Indication for Altcoins The “strong buy” signal for altcoins, or cryptocurrencies other than Bitcoin, is … Read more

Market Sentiment Towards the SOL ETF

Despite skepticism from financial giants like JPMorgan about the potential approval of a Solana ETF, the market’s response has been overwhelmingly positive. SOL’s price surged this week, even as other cryptocurrencies faced declines. Additional Momentum from ARK 21Shares Adding to the excitement, ARK 21Shares has also filed for a SOL spot ETF. Notably, this filing … Read more

First Solana ETF Shakes Up the Market

Cryptopolitan reports that excitement around Solana is palpable, especially following VanEck’s application for the first SOL ETF. This move has sparked increased interest and speculation within the crypto community. Bitcoin Market Dominance Declines Notably, Bitcoin’s market dominance has declined, dropping from 52.8% on June 25 to around 50% on June 30, while Solana continues to … Read more

Decline in Treasury Revenue

Revenue Decrease The report highlights a worrying decline in treasury revenue. The second half of 2023 saw a 58.5% drop in revenue, falling from 414,291 DOT to 171,696 DOT. This decline is primarily due to reduced network fees. Inflation-Based Income Additionally, inflation-based income for the treasury in the first half of 2024 was over 5.2 … Read more

Expenditures and Asset Details of Polkadot Treasury

The Polkadot Treasury is facing financial challenges with approximately two years left at the current expenditure rate. However, the volatility of its crypto-denominated assets makes precise predictions difficult. Asset Holdings As of now, Polkadot holds $188 million in liquid assets, primarily in its native coin DOT, along with stablecoins Tether (USDT) and USD Coin (USDC). … Read more

Technical Approach of PoW+DAG

The BlockDAG approach, similar to Kaspa, combines Directed Acyclic Graph (DAG) technology with the Proof-of-Work (PoW) consensus mechanism. This hybrid system diverges from traditional linear blockchains like Bitcoin by using a DAG structure, allowing multiple transaction blocks to be added simultaneously without any being discarded. Key Features of the PoW+DAG Approach Benefits of the PoW+DAG … Read more

What is BDAG Crypto and the BlockDAG Blockchain?

BDAG (BlockDAG) is an innovative cryptocurrency that leverages the Directed Acyclic Graph (DAG) structure to overcome the limitations of traditional blockchain systems. BDAG serves as the native cryptocurrency for the BlockDAG Network. Key FeaturesParallel Processing: Unlike conventional blockchains that rely on a linear sequence of blocks, BlockDAG processes multiple blocks simultaneously. This parallel processing capability … Read more

RollBlock’s Focus in the Gaming Sector

Amidst the cryptocurrency news for NOT, SOL, and XRP, a new project named RollBlock (RBLK) is making strides in the online gaming sector, specifically in skill-based games. Overview of RollBlock RollBlock leverages decentralized finance (DeFi) principles in its operations. Users can engage with the platform using cryptocurrencies such as BTC, ETH, USDT, and RollBlock’s native … Read more

Current XRP Price Analysis and Bullish Potential

As of Thursday, June 27, 2024, XRP has experienced a 1.5 percent drop over the past 24 hours, trading around $0.47. This decline follows a downward movement in Bitcoin, which has approached a crucial support level. A breach below this support could spell trouble for XRP and the broader cryptocurrency market. XRP Price Movement and … Read more

VanEck Files Proposal for Solana Spot ETF in the US

In the latest cryptocurrency news, investment management firm VanEck announced on Thursday that it has filed an application for a Solana Trust with the United States Securities and Exchange Commission (SEC). This marks the beginning of VanEck’s process to establish an exchange-traded fund (ETF) for Solana, making it the first to apply for a Solana … Read more

Latest Notcoin Burn Equivalent to US$3 Million

The recent token burn permanently removed Notcoin (NOT) tokens worth US$3 million from circulation, equating to 210 million NOT tokens based on the TON blockchain. Community-Focused Tokenomics “Notcoin’s tokenomics are increasingly community-oriented,” stated the NOT developers on their official X account a few days ago. Purpose of Token Burn Token burning is a process where … Read more

PEPE Coin Rallies Again Today, What’s Happening?

Amidst the news, the price of meme coin Pepe Coin (PEPE) surged again today by 2.73 percent in the last 24 hours on Monday evening, trading around US$0.00001159. PEPE currently ranks third in the meme coin sector according to Coinmarketcap, with a market cap of US$4,877,386,266. Technical Analysis On the daily timeframe, PEPE has moved … Read more

Sony Acquires Crypto Exchange

The news of the acquisition was shared by Wu Blockchain on X on Monday, July 1, 2024, and confirmed by Amber Japan on its official website. The acquisition also marks the rebranding and transformation of their crypto exchange service, changing its name from WhaleFin to S.BLOX. Amber Japan was acquired by Quetta Web, a subsidiary … Read more

Overview of BlockDAG Blockchain Mainnet

Analysts’ optimistic views on Bitcoin’s recovery are accompanied by updates from BlockDAG developers regarding their blockchain mainnet. According to their official website, the testnet is scheduled to launch between August 16, 2024, and September 5, 2024. The mainnet is set for release from September 20 to September 26, 2024. The mainnet represents the final and … Read more

Bitcoin Recovery Potential: Analysts Predict a 7.98% Average Increase in July

The first analysis regarding Bitcoin’s potential recovery comes from Ali Martinez. According to him, if June ends with a downward trend, July typically sees a significant recovery, with Bitcoin usually increasing by an average of 7.98%. “Historically, when Bitcoin experiences a negative trend in June, it tends to bounce back strongly in July. In fact, … Read more

The Challenges and Costs of Bitcoin Mining

The decline in hashrate not only indicates that fewer miners are participating, but also that those who remain are facing significantly higher difficulty levels to earn block rewards. This situation is exacerbated by rising energy costs and increasing competition among miners. As costs rise, smaller and less efficient miners are often driven out, unable to … Read more

Bitcoin Hash Price and Operational Costs

The price of Bitcoin hash, a critical indicator of mining profitability, has reached an all-time high as miners grapple with rising operational costs. Impact of Rising Costs and Halving Event According to data from IntoTheBlock, Bitcoin miners have sold over 30,000 BTC, worth approximately $2 billion, just in June. This massive sell-off is largely attributed … Read more

Increase in SHIB Whale Transactions

According to Bitcoinist, recent data from IntoTheBlock shows that the volume of large transactions involving Shiba Inu has surged. This metric, which tracks transactions exceeding $100,000, provides valuable insights into whale activity and sentiment. In the last 24 hours, these substantial investors have transferred 1.55 trillion SHIB tokens, worth approximately $26.6 million at current prices. … Read more

Whale Moves 1.55 Trillion SHIB

Over the past three weeks, Shiba Inu (SHIB) has seen a significant price decline, reflecting the broader bearish sentiment in the crypto market. However, amidst this downturn, on-chain data reveals an intriguing trend of large SHIB transactions, indicating that Shiba Inu whales are actively trading despite unfavorable market conditions. Increase in SHIB Whale Transactions According … Read more

Overview of Demand and Market Size for Data

To illustrate the need for data that can be commercialized within the context of travel data monetization, there are numerous data buyers across various sectors. These buyers include insurance companies, AI model developers, marketing agencies, and transportation infrastructure developers, all of whom have an increasing need for reliable and valid location data. The global demand … Read more

What is PathEarn for Travel Data Monetization?

PathEarn is a specialized app that enables users to collect travel data, including distance traveled, time, visual data, traffic conditions, and much more. The developers of PathEarn process this data to make it useful for third parties in need of such information. For their contribution to data collection, users are rewarded with points in the … Read more

Solana and Its Native Coin SOL: A Digital Commodity

Drawing parallels between SOL, Solana’s native coin, and other digital commodities like Bitcoin and Ethereum, Matthew Sigel explained that SOL serves as a payment tool for transaction fees and computing services on the Solana blockchain. Similar to Ether on the Ethereum network, SOL can be traded on digital asset platforms or used for peer-to-peer transactions. … Read more

Strategic Moves by VanEck with Solana ETF

Bitcoinist reports that the announcement of the Solana ETF filing was made by Matthew Sigel, Head of Digital Asset Research at VanEck. Sigel explained the motivation behind this pioneering move, highlighting Solana’s potential as a strong competitor to Ethereum. He emphasized that the Solana blockchain offers a wide range of applications, including payments, trading, gaming, … Read more