Author: Crypto News Live
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…
According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which explains its declining popularity, NFTs still have an important role to play in the gaming industry. To back this assertion, Paglia cites game developers’ use of NFTs “to innovate and bring new forms of value to players while transforming the way players interact.” Developers Struggle to Keep Up Paglia argued that by doing this, essentially making players owners and stakeholders, NFTs help enrich gaming communities and drive stronger engagement. Furthermore, they also encourage more people to invest their time, energy,…
Whales have continued to accumulate ETH as the supply held by top addresses increased A bullish trend reversal might allow ETH to reclaim $2.9k soon Ethereum [ETH], at the time of writing, had once again reclaimed $2,600 on the charts – A sign that another price hike might be on the way soon. And yet, that might not be the case since a significant amount of ETH was moved to exchanges just recently. Hence, the question – Will Ethereum face headwinds going forward because of this sell-off? Is selling pressure rising on Ethereum? CoinMarketCap’s data revealed that ETH’s weekly and…
SuperRare, a prominent player in the digital art marketplace, has reported a significant 45% drop in monthly visits year-over-year (YoY). This is according to data from Statista. The decline in SuperRare’s visits reflects a broader trend of falling NFT sales and widespread disinterest in digital artwork. Estimated total number of visits to the digital art market website superrare.com Source: Statista SuperRare monthly visits drop to a new low since 2021 2024 started reasonably well for SuperRare, with a remarkable improvement in monthly visits from December 2023, marking a 29% rise in January’s figures. However, moving into February, visits slumped to…
BlackRock holds more ETH than the Ethereum Foundation now BlackRock’s ETHA now on track to hit $1B mark in net inflows BlackRock has maintained its dominance in the Ethereum [ETH] ETF space, similar to its remarkable performance in U.S spot Bitcoin [BTC] ETFs. In fact, the firm’s ETH holdings have reached figures of 318k, surpassing even the Ethereum Foundation’s 308k coins. Source: Kairos Research BlackRock eyes $1B net inflows – Will ETH’s price follow? Besides flipping Ethereum Foundation in its ETH holdings, BlackRock could soon cross the $1 billion net inflows mark. As of 16 August, the firm’s ETHA product…
Recent market dynamics have again brought Ethereum’s supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow. Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum was designed with an unlimited supply of tokens. This fundamental difference makes Ethereum an inherently inflationary asset, one that has a continuously increasing supply. On-chain data from Ultrasound.money has shed light on the growing supply of ETH in recent months amidst notable price fluctuations for…
In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop, But Buyer Interest Skyrockets While the number of buyers and sellers is on the rise, they’re not shelling out big bucks for NFTs compared to the prices seen a few months ago. Overall sales have slipped by 11.66% from the previous week, with Ethereum leading…
Franklin Templeton joins Hashdex in the crypto index fund race The index fund will track ETH and BTC The $1.5 trillion asset manger Franklin Templeton is the latest player seeking to launch a crypto index ETF (exchange-traded fund). The firm filed a registration statement, S-1 form, with the U.S SEC (Securities and Exchange Commission) for an index ETF that would track Bitcoin [BTC] and Ethereum [ETH]. Part of the filing read, “The Fund generally seeks to reflect the price of the digital assets included in the CF Institutional Digital Asset Index – US–Settlement Price (the “Underlying Index”)… The Underlying Index’s…
We’re thrilled to unveil our newest collaboration with Deadfellaz, the trailblazing NFT brand and gaming pioneer, through the launch of .DFZ domains! It is thrilling to do this the week of DFZ’s third anniversary! Partnering with Deadfellaz and their forward-thinking development team, DFZ Labs, we’re diving deep into the Web3 realm where NFT artistry meets blockchain gaming and cultural innovation.Your .DFZ domain isn’t just a stylish username—it’s a powerful tool. It integrates seamlessly across a growing network of 865+ apps, games, and metaverses. Leverage the full potential of your domain in diverse digital spaces and experiences.Deadfellaz’s commitment to pushing boundaries…
A crypto market expert has expressed bullish optimism for Solana (SOL), predicting that the cryptocurrency is currently on track to replicate Ethereum’s historical rise to new highs. As a result, the expert foresees SOL hitting new all-time highs of $1,000 this bullish cycle. Solana Sets Sights On $1,000 On August 12, a crypto analyst identified as ‘Kaleo’ on X (formerly Twitter) shared his optimistic expectations for Solana’s future outlook during this bull market. Kaleo observes that the Solana’s price chart was currently replicating a pattern previously seen in Ethereum in late 2020. Related Reading Source: X Comparing Solana’s market movement…
