Crypto analyst Altcoin Sherpa has identified three altcoins with significant potential for growth: Wormhole (W) Cross-chain messaging protocol Launched during a challenging market Expected to experience a significant increase in value Omni Network (OMNI) Ethereum-based project Also launched in unfavorable conditions Poised for a substantial rise TNSR Governance token of NFT platform Tensor Demonstrating strong…
Bitcoin Halving: A Periodic Cut in Block Rewards Bitcoin has recently undergone its fourth halving, where block rewards for miners are halved. This event occurs every four years and reduces rewards from 6.25 BTC to 3.125 BTC. Miner Revenue Sources Miners earn revenue from block rewards and transaction fees. Block rewards have historically been the…
Payouts Begin After a long wait, Mt. Gox users are finally receiving payments. The process has been slow, but users are relieved to see progress. Challenges Remain Some users have reported problems with transfers and extended deadlines. Others are concerned about fees incurred during the redemption process. Impact on Bitcoin Market The release of 200,000…
Scarcity vs. Oversupply Analyst Willy Woo believes the tide is turning in the battle between gold and Bitcoin. While gold has long been considered a scarce asset, advancements in mining have eroded its scarcity. Meanwhile, Bitcoin’s supply is decreasing due to the Halving events. Bitcoin’s Scarcity Advantage Bitcoin’s Halving events have reduced the daily issuance…
Interest Rate Jitters Fuel Fund Outflows Last week, crypto investment funds saw a massive $206 million exodus, as investors grew anxious about the Federal Reserve’s potential interest rate hikes. Bitcoin ETFs and Market Volume Take a Dive Bitcoin ETFs in the US experienced a whopping $204.3 million in outflows. Global exchange-traded products saw a drop…
Whale on the Move A massive crypto whale holding nearly half a billion dollars in Ethereum (ETH) has been withdrawing funds from exchanges. The whale, identified by blockchain tracker Lookonchain, has moved ETH from Binance and decentralized exchanges (DEXes). Whale’s Massive Accumulation In just two weeks, the whale has amassed approximately $405.19 million worth of…
A popular crypto trader believes that Heroes of Mavia (MAVIA), a play-to-earn game built on Ethereum, has the potential to perform as well as Axie Infinity (AXS) did in 2021. MAVIA: The Next Axie Infinity? Pseudonymous trader Criptopaul shared his bullish sentiment with his followers, stating that MAVIA has the backing of top venture capital…
Ethereum Rally Crypto trader Inmortal believes Ethereum (ETH) is poised for a rally after bouncing off support near $2,900. He predicts ETH could reach $3,600, currently trading at $3,226. Seedify.Fund (SFUND) Inmortal is bullish on SFUND, a blockchain gaming incubator and launchpad. He expects a significant surge once SFUND breaks the $3 level. Currently trading…
Anthony Scaramucci, a renowned hedge fund manager, believes Bitcoin’s market capitalization will eventually exceed the $16 trillion valuation of gold. Scaramucci’s Rationale In a recent interview with CNBC, the founder of SkyBridge Capital stated that Bitcoin is an exceptional asset that has no historical precedent in human history. He emphasized Bitcoin’s immutability, decentralization, and scalability…
Fundraising Success The Shiba Inu team has raised $12 million through the sale of their TREAT token. This funding round was led by Animoca Brands and supported by several other investors. Fund Allocation The funds raised will be used to develop the team’s new Layer 3 blockchain and enhance their existing Layer 2 solution, Shibarium….
