Author: CryptoHoppers

Bitcoin’s dominance on US exchanges soared to 71%. Overall activity on Bitcoin declined despite the surge in price. In the wake of Bitcoin’s surge beyond the $26,000 threshold, the crypto market was infused with renewed bullish sentiment. Read Bitcoin’s Price Prediction 2023-2024 High on dominance Additionally, Bitcoin’s [BTC] dominance on US exchanges witnessed a substantial upswing.  According to Kaiko’s data, the dominance reached 71% last month, marking its highest level since October 2022. The surge far exceeded the previous peak of 66%, observed during the US banking turmoil in March. This resurgence in dominance suggests a potential influx of institutional…

Setting the Stage for a Digital Revolution on October 27th Sensorium Corporation is thrilled to present a groundbreaking digital experience featuring none other than electronic music titan Carl Cox. Scheduled for an epic launch on Friday, October 27 at 7 p.m. GMT, this world premiere of a 30-minute digital extravaganza is not just another virtual concert. It’s an immersive odyssey named “Intermundium,” a term that signifies the ethereal space between worlds or dimensions. Accessible at zero cost, the event promises to be a revolutionary leap in the domain of virtual performances, inviting global audiences to partake in this sensorial feast.…

Zilliqa, a blockchain system known for its speed, security, and affordability, has partnered with GMEX Group in a thrilling collaboration. The two parties will focus on GMEX’s innovative mission, ZERO13, which aims to revamp how retail buyers interact with corporate responsibility initiatives. They plan to create a groundbreaking carbon offset program to change environmental efforts. The Zilliqa Group-GMEX ZERO13 partnership aims to create a blockchain-powered platform. The platform will use EVP, a new digital currency representing carbon offsets. When clients interact with Zilliqa-affiliated businesses, they will receive EVP tokens that are securely held on the Zilliqa blockchain. These tokens allow…

Large-scale pump and dump from whales caused the OX token price to plummet by 50% momentarily before rising back again.  On Monday, Oct. 2, Open Exchange Token (OX) suddenly went down by 50%, from 0.013 to 0.0092, in a matter of minutes. However, the token regained its 50% value within just 10 minutes. According to a defi analyst @dealerdefi, this rollercoaster ride in the OX market was caused by a series of “pump and dump” actions by whales. What is happening with OPNX (OX) right now?In 5 minutes, the price dropped by 50%, but later rose back by 50% in 10…

A top trader who accurately called the 2018 bear market bottom for Bitcoin (BTC) believes that the crypto king has officially entered bull territory. Pseudonymous analyst Bluntz tells his 225,000 followers on the social media platform X that Bitcoin’s recent rally has invalidated his bearish view that BTC could drop below $24,000 before reversing its downtrend. According to Bluntz, Bitcoin’s move above $27,000 indicates that BTC is now in a bull market. “BTC breaking higher, invalidating this triangle structure. I think it’s time to get rid of any [bearish] bias.”  Source: Bluntz/X At time of writing, Bitcoin is trading for…

Axie Infinity will unlock tokens worth over $70 million on 20 October. This is the largest token unlock event scheduled to take place this month. Leading play-to-earn (P2E) blockchain gaming platform Axie Infinity [AXS] will conduct its next token unlocking event on 20 October, according to information retrieved from Token Unlock. Realistic or not, here’s AXS’ market cap in BTC terms The event will see the unlocking of 15.13 million AXS tokens, which represent 12% of the token’s circulating supply. This represents the largest token unlock event of the month, with a total value of over $70 million at the altcoin’s…

MicroStrategy recently reported acquiring an additional 5445 Bitcoins. The software company revealed the transaction on Monday while filing with the SEC. The transaction amounted to a whopping $147.3 million. MicroStrategy now holds 158,245 Bitcoins, which accounts for 0.754% of the available BTC supply. The holding is roughly worth $4.1 billion, making MicroStrategy the biggest corporate BTC holder. Even with the massive holding, the company still has $500 million in unrealized losses due to BTC’s current price. The biggest crypto is currently trading near $26k, while MicroStrategy bought it for an average price of $29,582. Michael Saylor, the co-founder of MicroStrategy,…

Ava Labs has been instrumental in providing its developer’s initial glimpse of Firewood, which the company has been engaged in for a long period of time. It involved writing an advanced database that was maximized for holding Merkleized blockchain states from the start in Rust. Scholars agree that effective state control is one of the main obstacles to expanding the use of blockchain technology on a global scale. Using a specially created storage stack, Firewood addresses the issue by lowering the overhead of enhancing, storing, and removing the Merkleized state. Firewood uses the data’s Trie architecture in the form of…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polkadot has a bullish structure on the one-hour and four-hour chart, but this could soon change Data from MobChart suggested that short sellers could force a drop toward $4 Polkadot [DOT] saw a good performance on the price charts toward the end of the previous week. These gains continued over the weekend but the bears began to impose themselves on Monday, 2 October. Realistic or not, here’s DOT’s market cap in BTC’s terms Polkadot’s NFT ecosystem saw a decline…

The global crypto market has gained bullish momentum as investors hop on the “Uptober” bus — a bullish term used by traders. According to data provided by CoinMarketCap (CMC), the global crypto market capitalization has risen by 0.82% in the past 24 hours, reaching a six-week high of $1.09 trillion. The total market cap dropped to the $1 trillion mark on Sept. 12, marking a six-month low. The bullish momentum comes as traders believe that another bull run could soon be triggered in October. According to data provided by Santiment, the social volumes for terms like “Uptober,” “green,” and “Bitcoin…