Author: Crypto News Live
Spot Ethereum ETFs have experienced five consecutive days of positive netflows. The short-term decline is partly driven by derivative traders taking short position. Over the past week, Ethereum [ETH] has surged by 22.5%, reaching $3,444.25 — a level not seen since July 24 of this year. However, it has since dropped by 6.37%. According to AMBCrypto’s analysis, this suggested that the ongoing decline is temporary and unlikely to impact Ethereum’s longer-term outlook. Five-day buying streak adds to ETH bullish outlook Ethereum’s bullish outlook was gaining momentum, supported by a five-day buying streak from traditional investors, who are increasingly committing to…
Cumulative inflows into Ethereum ETFs turned positive for the first time since July. Blackrock’s ETHA ranked as one of the top ETF launches this year. On the 12th of November, Ethereum [ETH] ETFs broke new ground, finally tipping total net flows into positive territory—for the first time since their launch. Source: SoSo Value Data from SoSo Value revealed a daily net inflow of $135.92 million, pushing cumulative inflows to $94.62 million. Trading activity also ramped up, with a total value of $582.18 million traded and total net assets climbing to $9.67 billion. Of the nine ETFs, five saw inflows. Meanwhile,…
The studio behind mobile game Fableborne has announced that it will be moving the title from Avalanche to the Ethereum sidechain scaling network Ronin, with the developers pointing to Ronin’s robust gaming community as reason for the shift. Fableborne is a mobile multiplayer game that blends action role-playing gameplay with base-building strategy in a quest to create a competitive game that can be played in “short, snackable sessions.” It has completed two open beta testing periods, called seasons, where the developers claim to have seen “explosive growth.” Pixion Games founder and CEO Kam Punia told Decrypt that Fableborne racked up…
Bernstein Research advised investors to add crypto exposure, including Bitcoin Bitcoin is now the 8th largest asset worldwide The cryptocurrency market continues to record significant growth. The same has been led by Bitcoin (BTC), with the cryptocurrency recently peaking at a new record high of $89.6k. Amid this bullish backdrop, Bernstein Research released a compelling advisory urging investors to embrace the rally and increase their cryptocurrency exposure. They also cautioned against resisting the trend. The note, released on Monday, stated, “Welcome to the Crypto bull market. Buy everything you can.” Bernstein’s analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia highlighted…
Journalist Posted: November 13, 2024 Ethereum rocketed past the $2.8k resistance to reach $3.4k within a week The liquidation levels building up at and below $4k were reasonable targets for ETH prices Ethereum [ETH] bulls have passed the $3,200 test and targeted the $3.5k and $4k psychological levels. AMBCrypto’s technical analysis showed that the $3,562 area could be key to the next impulse move. The increased network activity and high transaction volume highlighted demand for the network. The Ethereum price prediction is strongly bullish on the higher timeframes after the recent rally. The importance of $3,562 on the higher timeframes…
Ethereum has recently climbed to a major high above $3,400, reigniting enthusiasm among market participants and signaling a potential upward trend that may lead to a push above $4,000 toward a new all-time high. This optimism has been met with major speculation of ETH’s price from the crypto community and analysts, who are observing key indicators within the market to assess the asset’s trajectory. Ethereum Rise and Market Sentiment According to a report shared by a CryptoQuant analyst known as ‘ShayanBTC,’ Ethereum’s recent price performance, up by 35% in the past week, has been accompanied by positive sentiment in the…
Ethereum’s [ETH] dominance in the blockchain space is facing a new challenge as a growing share of its capital flowed toward the Sui Network [SUI]. Recent data revealed that 49% of Ethereum’s outflows have been redirected to Sui, an emerging layer-1 blockchain gaining significant traction among investors, developers, and traders. This shift highlighted the increasing competition in the blockchain ecosystem, with Sui positioning itself as a strong alternative to the king of altcoins. Possible reasons for the massive shift A significant 49.43% of Ethereum’s capital outflow, valued at $5.3 billion (45.61% of the total source value) at press time, has…
Blockchain gaming is experiencing significant growth fulled by substantial invesment. In 2024 alone, blockchain gaming saw massive growth, Q2 alone was $1.1 billion, 314% up from last quarter and 17% up from the same period last year. Big players, from venture capital firms to tech giants are pouring in, seeing blockchain gaming as the future of gaming. Web3 and blockchain has turned gaming assets into actual investments, where entertainment meets finance. Market Outlook By 2030, the global blockchain gaming market is expected to reach $90 billion driven by mobile gaming and dApp adoption. Seamless interoperability between games, platforms and blockchains…
Ilman Shazhaev, the Chief Executive Officer (CEO) and Founder of Farcana highlights the revolution in the blockchain gaming industry. He states that the blockchain gaming industry is witnessing a remarkable resurgence in investor confidence. After a period of uncertainty, the sector has reshaped itself, making it a more viable and sustainable ecosystem. The uncertainty period was the one when the play-to-earn model was set back in 2021, and something was missing. Q3 funding reports reveal that over $500 million has been invested in this sector. This revelation signals a renewed belief in blockchain gaming potential. Institutional players are paving the…
Got a few minutes? There’s an original Doge-themed beat-’em-up game inscribed on Dogecoin via the Doginals protocol. It’s free, it’s fun, and it’s the perfect game to play as DOGE buzz is back in full swing amid a surge to a three-year price high price. Super Doginals is a retro-style brawler in the vein of classics like Streets of Rage and Fatal Fury, as you control one of three characters—including two anthropomorphic Shiba Inu dogs—and stroll through side-scrolling environments, pummeling foes based on other meme-friendly creatures like apes, cats, and frogs. According to an official description, the game sees players…
