Author: CryptoHoppers

The Akita Inu, a majestic breed hailing from Japan’s northern prefecture of Akita, has gained international acclaim in recent years. To combat rising concerns about pedigree forgery and lost documents, the Akita Inu Preservation Society is embracing the digital age. They’ve partnered with a tech firm to develop a secure system using blockchain technology, the same system that underpins cryptocurrencies. Akita Goes Global: Digital Pedigrees Meet International Demand The Akita Inu Preservation Society has witnessed a surge in overseas membership, with numbers jumping from 300 in 2022 to nearly 500 in 2023. This international interest presents a challenge – ensuring…

Share this article Despite the innovative approaches, pre-token markets face challenges such as price discovery inefficiency due to low volume compared to markets after the token generation event (TGE), according to the “Can markets be efficient before they even exist?” report by Keyrock.The report highlights that the volume disparity can be as high as 1,000 times, mentioning tokens like Wormhole’s W and Jupiter’s JUP as examples. Moreover, the majority of trades on the points trading platform Whales Markets involve small amounts, with an average transaction size of $870, suggesting that most traders are not large-scale investors.Keyrock points out that pre-token…

Yuga Labs has marked the third anniversary of the Bored Ape Yacht Club (BAYC) by launching a series of high-quality 3D avatars, introducing a new dimension to their already iconic collection. This release not only enhances the visual appeal of the Apes but also expands their utility across various digital platforms. Here’s a look at what this means for the community and how you can easily share these innovative 3D models. A Fresh Wave of Excitement? The introduction of 3D avatars by Yuga Labs could be a significant move to reinvigorate enthusiasm within the NFT space, especially among BAYC members…

A crypto analyst has suggested that Bitcoin’s price movements were indicative of a potential surge to $300,000. The analyst has revealed key technical indicators and patterns that could signal BTC’s drive to a new target all-time high.  Bitcoin Poised For Aggressive Bull Cycle Phase A crypto analyst identified as ‘TradingShot’ on TradingView, a financial market analysis platform, released a post, predicting Bitcoin’s rise to $300,000. In their analysis of Bitcoin’s historical price movements from 2012 to 2024, TradingShot revealed that BTC had successfully tested and maintained the Mayer Multiple (MM) Mean and is currently in a consolidating phase. The Mayer…

The leading Ethereum decentralized exchange, Uniswap, contributes substantially more volume to layer 2 blockchains compared to the activity seen two years ago. The decentralized exchange (DEX) accounts for around 37% of the total trading volume on layer 2 while running atop crypto’s second-largest blockchain, Ethereum (ETH).  21.co researcher Tom Wan noted that the platform’s L2 volumes experienced more than 650% growth in 24 months, increasing from around $4 billion in 2022 to over $30 billion this year. The analysts added that this trend could strengthen even further if more quality protocols launch on layer 2 networks like Arbitrum, Coinbase’s Base, and…

Many crypto traders see trading as a quick way to get rich, but this belief is risky. Thinking this way can lead to big losses. To succeed in crypto trading, patience is crucial. Sadly, patience isn’t talked about much among cryptocurrency traders. Let’s explore why patience matters in crypto trading. It is important to understand that quick gains are extremely rare, and success generally takes time. Patience helps crypto traders make better decisions and ride out market ups and downs. Without it, they might panic and make mistakes. So, if you want to do well in crypto trading, remember: patience…

A Flashback to RedBeanDAO’s Remarkable Flip Just over a year ago, the NFT landscape witnessed one of its most strategic flips by RedBeanDAO, a team of digital collectors and enthusiasts. RedBeanDAO made headlines when they acquired one of the rarest NFTs from the Azuki collection and later flipped it for a whopping 420.69 ETH. This move wasn’t just a transaction—it was a statement about the potential and the power of strategic investment in the NFT space. The Team Behind the Transaction RedBeanDAO is composed of notable members including @trebooomin, @slywalrus1, @RealDonaldNFTs, @sven_nft, @darran0x, @mal_nfts, @ENICOLL, @cnig69, @0xTahir, and @0x5749. Each…

While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging, with the network’s difficulty reaching an all-time high of 88.10 trillion. This complexity, coupled […] Source link

Share this article Belief in near-term spot Ethereum ETF approval is fading in the face of mounting skepticism. Justin Sun, the founder of TRON Foundation, has expressed doubts regarding the potential approval of a spot Ethereum exchange-traded fund (ETF) in the upcoming month.“My honest opinion (NFA) is that an Ethereum ETF won’t be approved in May. The crypto industry still needs to prepare for long-term education with regulators, focusing on helping them understand crypto. But we’ve always been here, haven’t we?” Sun stated in a recent post on X.His comments reflect a broader sentiment within the industry that regulators are…

XCOPY is not merely a participant in the realm of digital and NFT art; he is a provocateur, a visionary, and arguably the most influential NFT artist to date. His profound impact stretches across artistic, technological, and cultural domains, making this comprehensive overview essential for understanding the breadth of his contributions to contemporary art and digital culture. Cultural Vanguard: XCOPY’s Early Adoption and Its Impact XCOPY’s early forays into digital art were not just pioneering; they were prophetic. His engagement with digital media and NFTs from their nascent stages positioned him as a key influencer in shaping what the medium…