Author: Crypto News Live

A surge in demand has been observed among U.S. investors, who appear eager to accumulate ETH Analysts predict the next potential price target could exceed $10,000, fueled by an anticipated rally Ethereum [ETH], the world’s largest altcoin, gained by almost 10% in just under a week to trade at under $3,900 at press time – A sign of renewed interest in the cryptocurrency. That’s not all though. Owing to rising interest from U.S. investors and declining exchange reserves, ETH could register a significant upward move on the charts soon.  ETH attracts more interest from U.S. investors Interest in ETH among…

ETH resistance level at $3,920 could be critical for a milestone breakout. The king altcoin whale activity and high inflows signal bullish momentum. Ethereum [ETH] is consolidating within a flag pattern, hinting a potential significant move. The altcoin is currently testing the critical resistance level at $3,920. Notably, this resistance has rejected ETH five times in the past, which heightens anticipation about the next direction. ETH is testing the $3,920 resistance level On weekly charts, Ethereum’s current price action is a battle at the $3,920 level. The resistance level sits at the midpoint of its flag pattern.  Historically, this level…

OpenSea users are wondering about a possible token launch after a vague post on the company’s X account. Community opinion is divided on whether such a launch would help build interest or become a final rugpull. Trade volumes at the NFT marketplace have slowed to a crawl, and it might face an SEC legal battle. OpenSea Token Launch: Misguided or Fraudulent? Today, NFT marketplace OpenSea posted, “so… how long have you been using OpenSea?” on its official X account. Replies from the community immediately began speculating that this may lead to a token launch. The marketplace hit a 3-year low…

Pixels, the crypto farming and social game on Ethereum gaming network Ronin, is gearing up to kick off its latest Guild Wars competitive season, called Spore Sports, with $4 million worth of PIXEL tokens up for grabs. The three-month event, running from December 10, 2024 to March 4, 2025, will challenge players to join guilds and compete in gameplay centered around mushroom cultivation and strategic sabotage. “This season builds on the success of our inaugural Guild Wars, which resulted in more PIXEL being burned than distributed, and incorporates feedback to deliver an even more rewarding experience,” said Pixels founder and…

The Xai Foundation is introducing Tiny Sentry Keys, a new way to access the growing Ethereum gaming ecosystem. These NFT-based licenses are designed to make blockchain gaming more accessible while maintaining the rewards players are looking for. What are Tiny Sentry Keys? Tiny Sentry Keys are NFT-based licenses that give access to the Sentry Key ecosystem and its rewards. They will be much cheaper than regular Sentry Keys, which are 1.43 ETH ($5,520). Despite being cheaper, Tiny Sentry Keys have full functionality, including staking for rewards; however, these rewards may be less than regular key holders. These keys are part…

Este artículo también está disponible en español. The Ethereum price has returned above the $3,800 price level on the back of a 5% increase in the past 24 hours. Interestingly, this Ethereum price increase has come amidst a simultaneous increase in the performance of ETH against BTC in recent weeks.  According to crypto analyst Benjamin Cowen, this recent price action might actually be the earliest stages of Ethereum’s price increase against Bitcoin within the next six to 12 months. Analysing The ETH/BTC Pair The last two weeks were highlighted by a consolidation of the Bitcoin price below the $99,000 price…

Axie Infinity’s Adoption Center simplifies onboarding for new players, providing delegated Axies and mission-based rewards. Players can complete missions to earn points and permanently adopt Axies, enhancing their connection to the Lunacia ecosystem. Axie Infinity has launched the Axie Adoption Center, an initiative aimed at making onboarding easier for new players. This new function seeks to remove obstacles for people wanting to join but unclear of where to start as the platform keeps extending its digital nation. By streamlining the procedure, users of the Axie Adoption Center can link their Ronin Wallet, answer a few questions, and receive assigned Axies…

Prominent Ethereum NFT collection Pudgy Penguins has seen a more than 40% price pump this week, notching a new all-time high of more than $62,000 amid a crypto rally that pushed Bitcoin above $100,000 for the first time late Wednesday. The collection, which consists of 8,888 penguin NFT profile pictures (PFPs), previously held an all-time high floor price of just more than $57,000 that it set in February 2024, according to data from NFT Price Floor. The floor price of a collection refers to the lowest asset price listed for sale on a secondary marketplace. The swift flight higher for…

The SOL/ETH ratio has dropped to a six-week low of 0.058 as Ethereum outperforms Solana. Solana has been stuck in consolidation due to a lack of fresh buying activity. Solana [SOL] was trading at $233, at press time, after a slight 1.5% drop in the past 24 hours. The altcoin has been underperforming, as it was the only coin among the top ten largest cryptos by market capitalization with a seven-day loss. Solana’s underwhelming performance has failed to mirror gains across the broader altcoin market and has led to SOL falling to a six-week low against the largest altcoin, Ethereum…

An analysis of over 3,200 GameFi projects shows 93% have failed, with token prices plummeting by an average of 95%. GameFi, a sector that combines gaming with decentralized finance, has faced a sharp decline after its initial surge during the 2022 crypto bull run, with a new report showing that 93% of projects have failed. A survey by ChainPlay, in collaboration with Storible, analyzed over 3,200 GameFi projects and found that many of their tokens have dropped an average of 95% from their all-time highs. The report also shows that GameFi projects have an alarmingly short lifespan, with an average…