A closely followed crypto analyst thinks market participants will seek shelter in a group of altcoins following last week’s marketwide dip. Pseudonymous analyst Altcoin Psycho tells his 501,200 followers on the social media platform X that he sees investors rotating funds into crypto assets with at least $1 billion market caps. According to the analyst, the market meltdown in the past few days is making investors think twice about accumulating speculative altcoins. “In my opinion, this wipeout results in a flight to quality from here for altcoins. Once the market can sustain a bid, we’ll likely see mid/high-cap alts run…
Author: jkztwjmy
Company Name: AztecoFounders: Alexander Fernandez and Paul FergusonDate Founded: 2014Location of Headquarters: Santa Monica, CAAmount of Bitcoin in Treasury: Not disclosedNumber of Employees: 12Website: https://azte.co/Public or Private? PrivateWhen Alexander “Akin” Fernandez first conceptualized Azteco over a decade ago, he simply wanted to make bitcoin easier to obtain. He wanted people to be able to purchase bitcoin as seamlessly as they were able to buy a gift card, and so he developed a system in which people can purchase prepaid bitcoin vouchers for as little as $10, redeemable in a minute.Azteco vouchers are now available in over 190 countries, purchasable online or…
Glassnode examined how the latest trend towards restaking protocols could impact Ethereum’s role as a monetary asset. The emergence of the EigenLayer and LRT staking protocols increased ETH’s share of staking to 26% of the total supply. Analysts also recorded an increase in the overall growth in coins staked to 31.4 million Ethereum (ETH) as of April 13. Source: Glassnode Even though more ETH reduces non-validator rewards, the total amount of rewards paid could still contribute to inflation if there are a significant number of locked assets, Glassnode suggests. After The Merge, the share of new coins in the total Ethereum…
Join Our Telegram channel to stay up to date on breaking news coverage The Band Protocol price prediction shows that BAND could renew the bullish trend after testing the support level of $1.34 today. Band Protocol Prediction Statistics Data: Band Protocol price now – $1.34 Band Protocol market cap – $199 million Band Protocol circulating supply – 141 million Band Protocol total supply – 145 million Band Protocol Coinmarketcap ranking – #271 BAND/USD Market Key Levels: Resistance levels: $2.20, $2.40, $2.60 Support levels: $0.60, $0.40, $0.20 BANDUSD – Daily Chart BAND/USD has been hovering around $ 1.34 after touching the…
Chancellor Olaf Scholz of Germany tried to strike a delicate balance on a trip to China this week, promoting business ties with his country’s biggest trading partner while raising concerns over its surge of exports to Europe and its support for Russia.Mr. Scholz met with China’s top leader, Xi Jinping, at the Diaoyutai State Guesthouse in Beijing on Tuesday, the culmination of a three-day visit with a delegation of German officials and business leaders. He also met with Premier Li Qiang as the two countries navigate relations strained by Russia’s war in Ukraine and China’s rivalry with the United States,…
Daily revenue decreased as well as the coin’s price. The sentiment and social data suggested that BNB could be set to recover. BNB Chain’s revenue took a hit after it recently announced an impressive Quarter-on-Quarter (QoQ) hike. For those uninitiated, BNB Chain is the blockchain network that supports smart contracts and decentralized Applications (dApps). It should not be confused with Binance Coin [BNB], the exchange cryptocurrency of Binance. According to Artemis, the revenue recorded on the 15th of April was $62,500. This figure was one of the lowest the chain had hit since February. Network activity drops The principal source…
In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a cumulative trade volume of $456 billion according to research firm Kaiko, reflecting a growing speculative interest in risky crypto assets in South Korea. The increase in Korean won-denominated trades has been […]
On Monday, the Hong Kong Securities and Futures Commission (SFC) announced that it had approved a number of Spot Bitcoin and Ethereum ETFs for trading. This decision has been a long time in the making and has been expected by all in the crypto community. As expected, the announcement turned out to be bullish for the market, driving a notable recovery in the prices of cryptocurrencies all across the space. Bitcoin Bounces Toward $67,000 Over the weekend, the crypto market saw a market crash that sent the Bitcoin price back below $60,000. This development was brought about partly by the…
Join Our Telegram channel to stay up to date on breaking news coverage In a recent resurgence of interest within the crypto landscape, startups find themselves at the center of an investment renaissance. A standout example of this trend is the strategic emergence of 0G Labs, a startup focused on revolutionizing web3 infrastructure. This ambitious venture has caught the industry’s eye by securing $35 million in pre-seed funding. To show that that they are “walking the walk” not just talking the talk, they also recently announced the release of their testnet work. The magnitude of the $35 million pre-seed investment,…
This year has been a nonstop thrill ride for SoundHound AI (NASDAQ: SOUN) investors. After kicking off 2024 with a 23% loss by Feb. 5, the artificial intelligence (AI) and voice recognition specialist reversed course, notching 323% gains by March 15. It then turned south, losing half its value as of market close on Wednesday. After such a whiplash-inducing ride, the stock is still up 112% since the year began.One Wall Street analyst views the decline as a positive thing.Lower risk, but still riskyCantor Fitzgerald analyst Brett Knoblauch upgraded SoundHound AI stock to neutral (hold) from underweight (sell) while maintaining…