Author: Crypto News Live
Thomas Jong Lee, the Chief Executive Officer (CEO) of Fundstrat, an independent financial research boutique, has maintained a bullish stance on Bitcoin. The financial analyst has predicted that the world’s largest cryptocurrency could surge massively, doubling its current price to reach $150,000 during the 2024 crypto market cycle. Bitcoin Could Go Parabolic In 2024 During a recent interview on Squawk Box, CNBC on May 7, Lee doubled down on his previous Bitcoin forecast, expressing strong confidence that the pioneering cryptocurrency would experience a dramatic surge before the end of 2024. He predicts that Bitcoin, currently priced at $62,371, according to…
Bitcoin’s 200-day moving average reached an all-time high, suggesting a bullish outlook. Short-term challenges persisted, with some metrics showing potential bearish signals. Bitcoin [BTC] has once again demonstrated its resilience, rebounding significantly from recent lows. Despite shedding nearly 14% from its March peak of over $73,000, the king coin’s recent performance has hinted at a promising recovery. Over the past week, Bitcoin briefly surged past the $64,000 threshold before settling at $63,635 at the time of writing. This slight retreat, marking a 0.9% drop in the last 24 hours, has not dampened the long-term optimism surrounding the flagship cryptocurrency. Bitcoin:…
Tangem, a key cryptocurrency wallet, has revealed a major upgrade to its platform through the addition of more 8 networks to its ecosystem. The most recent networks added to its stable include Moonbeam, ZkSync, Base, zkEVM, Moonriver, PLAYA3ULL GAMES, Flare, and Taraxa. This move demonstrates the provider’s commitment to the helping its users to attain the latest technologies while meeting the unique demands of its broad user base. We just dropped a major update! Our dev squad has been grinding hard to add 8 NEW NETWORKS to the mix. That’s 🔥Show some love and let them know how much you…
From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin and Ether Lead in Volatile NFT Market; Weekly Sales Down 30% This week, cryptoslam.io data shows NFT sales have dipped over 30%, accumulating approximately $164.4 million. Conversely, the number of NFT buyers rose by 37.17%, and sellers increased by 31.1%. Among 22 distinct blockchain networks, BTC-centric NFT transactions led with earnings of $56.81 million. Ethereum-NFT transactions…
APhone, a leading provider of cloud-based infrastructure, has recently announced its partnership with NFT marketplace Magic Eden for the sale of their highly sought-after Access Pass. This pass grants users access to APhone’s virtual smartphone app, as well as other exclusive benefits.APhone TechnologyOne of the key features of APhone is its cloud-based infrastructure, powered by Aethir. This allows users to access demanding apps and games without being limited by their device’s capabilities. This eliminates traditional development costs and compatibility concerns, making Web3 technology accessible to all users.With APhone’s technology, users can seamlessly use their APhone virtual smartphone on any device…
The cryptocurrency market has recently exhibited distinct divergences in the behavior of its two leading assets, Bitcoin and Ethereum. While Bitcoin appears to be stepping into a phase of relative stability, Ethereum’s journey paints a contrasting picture of sustained uncertainty, particularly in its options market. This divergence is highlighted by the sustained high levels of implied volatility associated with Ethereum options, signaling a cautious outlook among investors regarding its future price movements. Ethereum Persisting Volatility: A Comparative Analysis Implied volatility (IV) serves as a crucial indicator in the options market, providing insights into the expected price fluctuations of an asset…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
With the rapid evolution of technology and the growing popularity of Web3 gaming, the industry constantly strives for innovation. Among the latest contenders is DECIMATED, a project set in a dystopian future that offers players a unique blend of survival gameplay and economic strategy.DECIMATED immerses players in a post-apocalyptic world filled with challenges and dangers. The game offers PvP and PvE experiences, allowing players to choose their path as either human citizens fighting for survival or cyborg cops maintaining order. With a vast, crafted environment filled with mutated creatures and environmental hazards, players must use their survival skills to navigate this chaotic…
Mike McGlone, Senior commodity strategist at Bloomberg Intelligence, has made a rather pessimistic prediction for Bitcoin, emphasizing that the cryptocurrency’s potential rise to $150,00 was a long shot. The strategist has revealed factors that could make Bitcoin’s projected surge to $150,000 difficult, highlighting both macroeconomic trends and Bitcoin’s performance in 2024. Bitcoin Surge To $150,000 Unlikely In a recent interview with Scott Melker, the host of “The Wolf Of All Streets,” podcast, McGlone discussed Bitcoin’s price fundamentals and its possible rise to $150,000 in the 2024 bull cycle. Comparing Bitcoin with the stock market index, the S&P 500, the Bloomberg…
In recent years, there has been a growing interest in metaverse commerce – an emerging trend where physical goods are sold through virtual platforms. This concept has gained even more attention with Walmart’s recent announcement to sell products on the popular gaming platform, Roblox.Before we delve into Walmart’s move, let’s first understand what metaverse commerce means. The metaverse refers to a virtual world where users can interact with each other in real-time through avatars. It’s like a parallel universe that exists within the internet, where people can socialize, play games, and even do business.With the rise of virtual reality and…
