Author: Crypto News Live

In 2024, the NFT market faced an unexpected downturn, revealing challenging patterns as the once-booming sector struggled to maintain its momentum. A recent study by NFTEvening and Storible agency, analyzing the performance of 29,079 new NFT collections, presents a stark reality. It shows that most NFT drops this year are failing to find lasting value or engagement. Profit Elusive in 2024 NFT Market as Most Drops Decline Using data from Dune Analytics and OpenSea, NFTEvening and Storible’s research focused on collections launched between January and August 2024. The study confirmed results Using OpenSea’s API and analyzed key metrics. Among them…

Ethereum surged 29% over the past week, reaching a three-month high of $3,184. The altcoin could be approaching its YTD high, fueling speculation of a potential Ethereum ATH. Ethereum [ETH] has experienced a remarkable surge over the past week, climbing 29% to reach a three-month high of $3,184. With this strong upward momentum, the cryptocurrency is on the brink of hitting its year-to-date (YTD) high, drawing the attention of investors and market watchers alike.  With Bitcoin’s [BTC] $89,000 surge, discussions about the possibility of a new ATH for Ethereum are intensifying. Could the leading altcoin be poised for even greater…

Overtake, a Web3 game publishing platform, has dropped its biggest event yet: GameFest. This multi-phase Play-to-Airdrop campaign lets players earn a chunk of the $OVT token supply by completing tasks, playing games, and entering exclusive launchpools. In this post, we go into the details of GameFest, including the rewards, launchpools, gameplay and what sets Overtake apart in the Web3 gaming space. GameFest Airdrop Campaign GameFest is Overtake’s biggest airdrop campaign yet, with 85 million $OVT tokens up for grabs. The rewards are split across four launchpools: Overtake Platform Launchpool: Engages users with a variety of platform-based tasks. Golden Guardians (GG)…

Posted: November 12, 2024 Ethereum’s weekly transaction volume hits $60 billion as activity surges across its network. 78% of Ethereum holders remain in profit amid growing usage and bullish on-chain signals. Ethereum’s [ETH] mainnet saw a sharp increase in activity, with nearly $60 billion worth of ETH settled in the past week. This marks the highest weekly transaction volume since July, indicating rising demand for the network. Data from IntoTheBlock shows a steady recovery in transaction volume since mid-2022, when market activity slowed. Despite Ethereum’s price being below its all-time highs, the network continues to attract significant activity. Price and…

A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This limited trading, according to the State of 2024 NFT Drops report, suggests a lack of excitement or investor confidence in these projects. The findings may also indicate a mismatch between supply and demand for new NFTs. This apparent market saturation coincides with waning user interest…

Este artículo también está disponible en español. On-chain data shows metrics related to network activity have spiked for Ethereum recently, something that could pave way for a further rally. Ethereum Transaction Volume & Whale Transfer Count Have Spiked Recently According to data from the on-chain analytics firm Santiment, Ethereum has seen an uplift in two activity-related metrics. The indicators in question are the Transaction Volume and the Whale Transaction Count. The first of these, the “Transaction Volume,” keeps track of the total amount of the cryptocurrency (in USD) that users on the ETH network are shifting across the network with…

Justin Sun cashes out 19,000 ETH, making $69.36 million in profits amid market surge. Ethereum price sees a 29% rally, while whales, including Vitalik Buterin, make significant moves. In a significant move, Tron founder Justin Sun has reportedly begun cashing out a portion of his Ethereum [ETH] investment, fueling speculation within the crypto market. Just hours ago, Sun deposited 19,000 ETH, worth approximately $60.83 million, to HTX at an ETH price of $3,202. This transaction has caught the attention of market participants, coinciding with an increase in activity among dormant Ethereum whales who have started unloading their holdings.  Justin Sun’s…

Ethereum’s price surge to $3,200 draws attention to Ethereum whales and long-term holders. Increased whale activity could fuel further growth, but profit-taking by LTHs may limit upside. After months of consolidation, Ethereum [ETH] has rallied significantly in response to a surge in Bitcoin’s value, bringing it to a critical resistance level around $3,200. The coming weeks will be pivotal, as market participants monitor the actions of long-term holders (LTHs) and Ethereum whales. Their behavior could either propel Ethereum’s price higher or introduce fresh selling pressure, testing the sustainability of this latest rally. Ethereum’s price increase  Ethereum’s price has rallied recently,…

In a major move just before the holiday season, Axie Infinity has teased a brand-new feature that’s set to add a touch of the macabre to its beloved digital creatures, the Axies. Dubbed “Nightmare Parts,” this new release will introduce a range of collectible body parts that transform Axies into eerie, spine-chilling characters. The X (formerly Twitter) reveal came with a poetic warning: “The leeks below have been rated R for spookiness,” hinting that these Nightmare Parts will set the stage for a memorable holiday season in the Axie universe. Evolving Axie Body Parts Historically, Axie parts—such as eyes, mouths,…

Legend of Arcadia offers an immersive fantasy world for mobile gaming, featuring play-to-earn mechanics where players can battle, form alliances, explore, and earn real rewards. The introduction of the $ARCA token lets you earn and trade in-game assets, combining traditional RPG with Web3. Now you can turn your gameplay into real value and own your adventure. Getting Started Play the Game: Download Legend of Arcadia from your app store or visit the website. Sign up: Create your player profile. How to Play: Adventure Mode: Play the main story to earn Energy and Experience Points (EXP) to level up your NFT…