Author: CryptoHoppers

According to a report from crypto analytics firm IntoTheBlock, Ethereum has recorded an 85% increase in its market cap over the last year, moving from around $149.18 billion to its current value of $275.98 billion. However, in comparison with other major assets, ETH performance still leaves more to desire, especially considering the many positive developments experienced by the asset in 2023. Ethereum Underperforms Ethereum (ETH) has been one of the major headliners in the crypto space in 2023. The second-largest cryptocurrency and the most prominent altcoin has continued to retain investor interest marked due to several factors.  One of these…

Journalist Posted: December 24, 2023 DYDX was up by nearly 4% in the last seven days, but trading volume dropped.  Though metrics looked positive, a few market indicators supported the bears.  We have entered the festive season, marking the concluding days of 2023. While several cryptos gave their investors profits with Santa rallies, a few others, including dYdX [DYDX], reacted differently. Thus, should investors be concerned about the token’s performance, especially over the next few days? FUD around DYDX is rising! Santiment recently posted a tweet highlighting the behavior of a few cryptos. As per the tweet, DYDX and several…

TLDR: Yuga Labs’ new CryptoPunks721 wrapper is a major advancement in NFT trading, streamlining the process for CryptoPunks. This launch, ahead of the rumored Yuga Labs-Magic Eden marketplace, showcases a commitment to innovation and improving user experience in the NFT space. Revolutionizing NFT Trading: The Birth of CryptoPunks721 Yuga Labs, creators of the Bored Ape Yacht Club, have once again redefined the NFT landscape with their latest innovation – the CryptoPunks721 wrapper. This novel tool is designed to streamline the trading of CryptoPunks, leveraging the PunksData smart contract from Larva Labs. Its permissionless nature and efficiency in wrapping and unwrapping…

Key highlights:The total cryptocurrency market cap increased from $ 1.67T to $ 1.68T in the past 24 hours, representing a 0.64% changeThe Bitcoin price at press time is $ 43,606 after falling by -1.21% in the last 24 hoursThe total crypto trading volume increased by 0.64% in the past 24 hours, and is currently at $ 365.49BAll prices and changes are presented at the time of publication: December 23, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.68T after a 0.64% increase on the day. The total crypto trading volume increased by 0.64% in the same time frame.Bitcoin is trading at…

The United Nations Internet Governance Forum (IGF) has taken a bold step into the future of governance and technology by initiating a pilot project to create a Distributed Autonomous Organization (DAO). Announced on December 21, 2023, this initiative marks a significant milestone in exploring the application of blockchain technology within public sector organizations. The project, led by the IGF Dynamic Coalition on Blockchain Assurance & Standardization, aims to demonstrate the potential of DAOs in fostering transparent, rule-based governance structures, potentially revolutionizing how public sector entities operate.UN Revolutionizing Governance with BlockchainThe UN-IGF Dynamic Coalition’s pilot project represents a pioneering effort to…

A Dive into the Documentary: The Pulse of Digital Art NFT:WTF? is not just a documentary; it’s a narrative odyssey exploring the vibrant, tumultuous world of Non-Fungible Tokens (NFTs) – the new frontier of digital art. Released on December 21, 2023, this feature-length film has become a seminal piece in understanding the impact of NFTs on the contemporary art scene. The Stalwarts and Pioneers: Voices That Define the NFT Realm The documentary gains its authenticity and depth from the array of voices it presents. Iconic figures like Damien Hirst and Beeple, whose works have redefined digital art, share their insights.…

Solana has ended yet another year with a bang. Although 2023 was filled with challenges, the Solana community turned it into an eventful year. It is no wonder it is nearing the 100-dollar price mark again. Currently trading at 99 dollars, the token has gained 17.34% in the past 24 hours. Its 1-week growth accumulates to 31%, while it has gained 82.43% value in the past month. Such numbers are the reason why crypto traders are reviewing every Solana forecast to assess its growth. This spike in price is not the result of mere market optimism. To derive these results,…

The Ephemeral Nature of First-Mover Advantages At the dawn of a new cycle in the blockchain and cryptocurrency world, a striking truth comes to the forefront: the concept of an unassailable moat in this rapidly evolving industry is a myth. The narrative of “You have no fucking moat” echoes loudly as we witness the dynamic shifts and the vulnerability of early innovators to newer, more agile entrants. The Rise and Stumble of Industry Giants Opensea, once a pioneering force in the NFT marketplace, now faces a decline, a stark reminder that even giants can falter. This phenomenon isn’t unique to…

Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF.  Ark Invest, a renowned asset management firm led by Cathie Wood, has been making strategic adjustments to its portfolio, most notably in its dealings with Coinbase Global Inc (NASDAQ: COIN) and Grayscale Bitcoin Trust (GBTC). According to the company’s recent trade filing, Ark Invest sold additional tranches of Coinbase shares, offloading a total of 149,780 COIN ($24.2 million) from two of its funds as the stock reached new yearly highs. Ark Invest Coinbase Sell-Off Ark Invest’s decision…

In a thorough examination conducted this month, a comprehensive analysis has unveiled a remarkable outlook for the global blockchain gaming market. According to the projections made by Fortune Business Insights, this dynamic sector is anticipated to surge more than $600 billion within the next seven years. This ambitious forecast signifies an extraordinary growth rate, estimated at approximately 300% from the present market valuation of $154 billion. The detailed analysis delves into the multifaceted factors contributing to this anticipated expansion. It highlights the increasing integration of blockchain technology into the gaming landscape, fostering new opportunities and innovative gaming experiences. Blockchain Gaming’s…