Author: Crypto News Live
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Bitcoin network observes growth as interest in memecoins increases. Miner revenues begin to decline. The crypto market has been flooded with memecoins such as PEPE recently. Users have been flocking to memecoins and the interest in them peaked again. An unlikely recipient of the hype was Bitcoin. Read Bitcoin’s Price Prediction 2023-2024 Bitcoin joins the party According to data provided by Messari, memecoins weren’t gaining traction on Ethereum scaling solutions, but have been making their mark on the Bitcoin network. These memecoins were able to spread to the network due to the novel BRC-20 standard built on the Ordinals protocol.…
Key Takeaways A month of narrow trading ranges has some commentators wondering if the bottom is in. Looking at recent price action doesn’t tell the whole story, however. Comparing the relative trading volumes between the 2018 drawdown and today gives a more comprehensive picture. Share this article An unreactive crypto market may signal that prices have found a floor. Crypto Volatility DropsAfter months of downward volatility, the crypto market appears to be stagnating. Over the past month, the prices of many major crypto assets have remained trapped in an increasingly narrow range. Since September 15, Bitcoin has fluctuated within a tight $2,350…
A kaleidoscope of memecoins has emerged in recent years, each striving to outperform the others in terms of technological innovation, value, and popularity. Among the countless virtual tokens, the PEPE coin, which recently saw a meteoric surge, caught the attention of the global crypto community. However, the coin’s staggering rally failed to sustain its momentum and faced a significant decline. After the initial euphoria around the PEPE coin’s rise subsided, the real question that has been hovering around is whether the coin is set for a further pullback.PEPE Gains Less Trading Volume Compared To SHIB, DOGEAccording to a recent study…
The theme for this year’s TED conference was “possibility.” Yat Siu, the Co-Founder and Executive Chairman of Animoca Brands, wasn’t expecting to receive an invitation to speak. After all, Animoca Brands is a blockchain gaming and venture capital company focused on Web3 — and 2023 is one of the more volatile periods in crypto history. But Siu was invited. On April 20, he took to the famous TED stage for 12 minutes to discuss digital property rights with an audience that, according to Siu, reported finally having their “lightbulb” moment. “It was like performing Shakespeare,” said Siu of the talk,…
Blockchain In a recent move to make the DeFi space more accessible and smoother, Particle Network has announced its support for Scroll, a ZKEVM layer 2 scaling solution. This move is expected to foster a more user-friendly and accessible DeFi ecosystem, a critical milestone that could potentially bring DeFi to the masses. Particle Network Integrates With Scroll’s Mechanisms Particle Network is thrilled to declare its backing for Scroll, an advanced ZKEVM Layer 2 scaling solution for Ethereum. This partnership seeks to combine the powerful middleware services of Particle Network with enhanced scalability, diminished gas charges, and accelerated transaction speeds of…
NFT The Litecoin community has reason to celebrate as the Litecoin Ordinals have reached a milestone of 2 million inscriptions. This achievement was even more impressive as the platform added over a million inscriptions in less than a week without any issues! The Litecoin Foundation, a non-profit organization that supports the development and adoption of Litecoin, expressed their excitement over the milestone and tweeted, “Adding more than a million in less than a week.. without any issues. Fee and transaction times the same. business as usual.” The Litecoin Ordinals is a decentralized application built on the Litecoin blockchain that allows…
Are you an artist or creator venturing into the exciting world of NFTs? As the popularity of non-fungible tokens continues to soar, it’s essential to have a solid marketing strategy in place to promote your NFTs effectively. To maximize your reach and visibility, partnering with a reliable NFT marketing agency can make a significant difference. Here are five tips to help you find the right NFT marketing agency to create NFT marketing strategy and then promote your project:1. Research and Evaluate: Start by conducting thorough research on various NFT marketing agencies. Look for agencies with a proven track record of…
Gala Games has taken a brave step by burning nearly 21 billion GALA tokens, valued at over $637 million, following the completion of its V2 token airdrop. This substantial reduction in Gala Games’ reserves aims to alleviate worries about a potential “dump and exit” event.In line with their 2023 Vision Paper, Gala Games has begun burning their native token, $GALA, in response to the community’s requests. This initiative is part of the Gems program designed to support mobile expansion and strengthen the node ecosystem. They pledged to burn 2 billion $GALA over the year—an untrackable commitment under their v1 contract,…
With only three months left until its halving in August, when the reward for mining new coins will split in half, Litecoin (LTC) is recording gains of over 20% in the last 10 days, making it another cryptocurrency next to Bitcoin (BTC) to witness price surges as its halving events approach. Indeed, Litecoin has neared the important $100 price level after soaring to $93.25 in the early morning of May 17, which represents a 21% increase from $77.06, where its price stood at nine days before, according to recent data retrieved by Finbold on May 17. Litecoin 7-day price chart.…
