Author: CryptoHoppers

In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws. The model, representing a blend of science and finance, forecasts bitcoin’s journey to unprecedented […] Source link

For avid cryptocurrency traders, the frequent observation of digital asset prices converging around specific levels within the market is not a mere coincidence, but rather a recurring phenomenon that merits careful consideration. This intriguing trend of price alignment suggests the existence of underlying factors influencing market behaviour, and it would be imprudent to dismiss it as happenstance. One compelling explanation for this occurrence revolves around the realm of human psychology. Analysing the significance of these levels, often characterised by round numbers, unveils a deeper connection to the way traders perceive and interact with prices. These psychological thresholds appear to exert…

In the ever-evolving landscape of gaming and blockchain technology, a new contender has emerged that promises to reshape our understanding of play-to-earn mechanics and NFT integration. Enter ChronoForge, a free-to-play multiplayer action RPG that’s setting the stage for a revolutionary gaming experience. With its unique blend of “hack and slash” combat, visually stunning worlds, and a player-driven economy, ChronoForge is not just a game—it’s a journey through time, ready to offer something for both blockchain enthusiasts and traditional gamers alike. The Genesis of ChronoForge: A Sold-Out Success Launching with a bang, ChronoForge introduced its genesis collection of characters in January…

Taiko, a blockchain project focused on scaling Ethereum ETH -0.02% , has announced a $15 million Series A funding round as it prepares for its mainnet launch.Lightspeed Faction, Hashed, Generative Ventures and Token Bay Capital co-led the funding round, Taiko said Saturday. Other investors in the round included Wintermute Ventures, Flow Traders, Amber Group, OKX Ventures and GSR.It is unclear whether the round has fully closed; the announcement mentions “the close of commitments” and includes a note that says “certain investments remain subject to regulatory approval.” Taiko did not respond to The Block’s multiple requests for comment.The Series A announcement…

Markets have seen a major shift in conversations around Bitcoin lately. From ‘if to when,’ speculators now predict which company will be next one to add BTC to their balance sheet. Recently, billionaire Tim Draper said on the Unstoppable Podcast that Netflix might be the next big firm to buy the digital asset.  With regard to the possibility of the product company’s decision to buy BTC, Draper said:  You know who it might be? Netflix. I think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at…

Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of […] Source link

Share this article Ethereum’s layer 2 scaling protocol Arbitrum is set to unlock over $2 billion worth of ARB tokens on March 16, 2024, according to data from Token Unlocks.Arbitrum’s upcoming unlock will distribute over 1.1 billion ARB tokens, equivalent to around 87% of the circulating supply, to the project’s team, advisors, and investors. The project has released around 1.5 billion tokens so far, equivalent to nearly 16% of its total supply.This is the biggest token unlock this month. Apart from Arbitrum, dYdX (dYdX), Aptos (APT), and Immutable (IMX) are projects with major releases. DYdX released around $111 million worth…

In the ever-evolving landscape of digital assets, a new contender has emerged, capturing the imagination and investment interest of the crypto community: NodeMonkes Ordinals. These unique digital inscriptions, etched onto the immutable Bitcoin blockchain, represent a fusion of creativity, rarity, and technological innovation. As we delve into the world of NodeMonkes, let’s uncover what makes them a coveted asset, the process of acquiring them, and the underlying technology that sets them apart. The Essence of NodeMonkes Ordinals NodeMonkes Ordinals burst onto the scene in early 2023, introducing a collection of 10,000 distinctive images permanently inscribed on the Bitcoin blockchain. These…

Bitcoin ETFs lost their momentum amid heavy outflows from GBTC. On February 29, 2024, the number stood at $599 million. Since the US Securities & Exchange Commission announced the launch of Spot Bitcoin ETFs on January 10, 2024, this is the second-highest outflow. Nevertheless, BlackRock and Fidelity continued to see an upward trend in their inflow columns. IBIT, iShares Bitcoin Trust by BlackRock, recorded an inflow of $612.1 million. This is an increase from the $520.2 million recorded on February 28. FBTC, Fidelity Wise Origin Bitcoin Fund by Fidelity, registered an inflow of $245.2 million, up from $126 million as…

WIth the crypto market out of bear territory and heading for potentially new heights in 2024, many are looking for new opportunities to capitalize on. Among older players that have been on the market for years now, newcomers also have a lot to offer. NFT, Metaverse and DeFi projects are still the community’s favorites, but other industries that have been flying under the radar for some time have started to surface again with new solutions.Here is our list of some of the most promising projects for 2024 in the blockchain space to keep an eye on. Keep in mind that the…