Analysis News TheBitTimes.com

The non-fungible token market has suffered another downturn for the second consecutive month this year after the initial hype that led to their resurgence faded. In this article, we shall assess in depth the state of NFTs in the past 30 days as well as what you should expect in the coming month of April. NFT Sales Fell 4% In March 2024 Data composed by cryptoslam.io, an on-chain crypto market data aggregator, indicates that the global non-fungible token market has suffered another meltdown this ending month. In the past 30 days, the NFT market has amassed a trading sales volume of $1.3 billion, representing a 4% decline from the previous month. The number of crypto investors buying and selling non-fungible token collections has also shrunk this month. In the past 30 days, the number of investors buying NFTs has declined by 91.54% to just 84,571, while investors selling their NFTs have reduced by 89.63% to 75,484 from the previous month. Bitcoin, the blockchain network hosting the ...

A widely followed crypto analyst thinks that a leading meme token is primed to witness big bursts to the upside in the coming months. The analyst pseudonymously known as Altcoin Sherpa tells his 212,900 followers on the social media platform X that Dogecoin (DOGE) could rally by over 200% from current levels. “DOGE: this is still a great long-term investment to be honest. And by long term, I mean like six months-plus. It’s going to do something insane this cycle and still should be at least a 3x-plus from here (possibly more). It accumulated for 700 days, still is the banner meme for all of crypto, and is very ‘safe’ given the market cap/liquidity/etc.” Source: Altcoin Sherpa/X DOGE is trading at $0.212 at time of writing. Turning to Bitcoin (BTC), Altcoin Sherpa says that the flagship crypto asset is in a consolidation phase prior to seeing a fresh leg up. “BTC: price has consolidated here for about one month. Overall, this ...

The non-fungible token market has experienced a drastic downturn in recent weeks despite its parent, the crypto market, seeing an exponential rise in the past several weeks. Even though many NFT floor prices are down, a number of crypto investors still find NFTs worth investing in. Below, we have listed some of the top-selling NFTs this last week of March 2024. 1. Froganas NFT Collection Froganas, a non-fungible token collection that Features a fixed edition of 5,555 humanoid frogs hosted on the Solana blockchain network, is this week’s top most-selling NFT collection. In the past 24 hours, the Froganas NFT collection has amassed a trading sales volume of 34,818 SOL. The Froganas has a market capitalization of $2.6 million and a floor price of $480. 2. Mutant Ape Yacht Club NFT Collection Mutant Ape Yacht Club, an all-time top-selling NFT collection from the digital asset incubation firm Yuga Labs featuring a limited set of 20,000 mutant apes hosted on the Ethereum blockchain...

In just a few days, traders have poured $1.5 million into an ICO for new Solana meme coin Slothana ($SLOTH), in a bid to try and recapture some of that early potential of the network’s established funny tokens like Slerf, DogWifHat and Bonk. Solana’s latest meme sensation is a lazy sloth who lives and works on the Solana blockchain. But with his permanently hazed red eyes, he gives the impression that he really doesn’t want to work. Oh no, he’s eyeing something bigger: he wants to go “from 420 to $420 million”. Meme coin-watching channels are ablaze with buzz that Slothana is from the same team that launched Smog (SMOG), which rallied more than 30x for many early investors after listing. Barely two days into a ‘send SOL’ style presale and SLOTH has already raised a tidy $1.5 million, and that figure is swelling by the minute! ⏰ Tired of the 9-5? So is Slothana!🦥Our office sloth is ready to ditch ...

Canadian authorities are petitioning courts to force QuadrigaCX co- found er Michael Patryn to explain how he came to be in possession of 45 gold bars, a diamond-studded Rolex watch, and more than $250,000 in cash. As reported by Bloomberg, the Director of Civil Forfeiture in British Columbia has asked for a court order that would force Patryn to explain the assets which were seized in June 2021 two years after Quadriga’s collapse. A 2020 investigation concluded that the exchange’s 2019 implosion was caused by fraudulent activity committed by the exchange’s other founder, Gerry Cotten. Cotten died in mysterious circumstances while on his honeymoon in 2018. The probe also found that Patryn cut ties with QuadrigaCX after 2016 before the majority of the fraudulent activity took place . However, according to the most recent filing, chat records from 2014 and 2015 appear to show the founders discussing how they could appropriate customer funds and make it look as though Patryn had l...

The crypto community’s attention has been drawn to a Bitcoin whale who recently moved a huge portion of their BTC holdings across different wallets. This action has sparked the curiosity of those in the community about the reason for these transactions.  Bitcoin Whale Moves $6 Billion In BTC Blockchain Analysis platform Arkham Intelligence first brought this occurrence to the community’s attention when it mentioned in an X (formerly Twitter) post that the Bitcoin address (37XuVSE) had moved over $6 billion in BTC to three new addresses.  Related Reading: Ripple CEO Responds To SEC’s Shocking $2 Billion Demand As part of the transactions, $5.03 billion worth of BTC was sent to one of these addresses (bc1q8yj), while the two other addresses (bc1q6m5 and bc1q592) received $561.46 million and $488.40 million worth of BTC respectively. Arkham added that one of the wallets (bc1q592) has since then proceeded to transfer the received funds to another ...

Bitcoin reaching $100,000 remains a highly feasible target, especially given the fact that the price of the cryptocurrency hit a new all-time high above $73,00 ahead of the halving. In preparation of the explosive move that is expected to follow the halving, Bitcoin whales are going all out as they fill up their wallets with BTC. Large Bitcoin Whales Buy More BTC As the Bitcoin price has retraced from its surge, large Bitcoin whales are taking advantage of the dip to buy more coins at cheap prices. These whales, which hold at least 1,000 BTC – which means they have $70 million on the low end, have bought up a large tranche of coins over the last three months. Related Reading: Crypto Analyst Predicts XRP Price Will Rally 800% To $6, Here’s When Since January, there has been a steady climb in the number of wallets that hold at least 1,000 as interest continues to grow. A lot of this interest is driven by institutional investors who are putting billio...

Mar 26, 2024 at 19:11 // Price Author Coin Idol The price of Solana (SOL) has continued its uptrend and returned above the 21-day SMA. Price Analysis by Coinidol.com. Long-term forecast for the Solana price: bullish On March 18, the altcoin experienced a surge but was sold off at a high of $210. The decline was halted above the $160 mark as bulls bought the dips. The price has not held above the $210 peak despite the sharp rise. If the price of the cryptocurrency rises above the $210 peak, the altcoin will rally above the upper resistance of $...

The Catcoin price soared 111% in the last 24 hours to trade at $0.000000001489 as of 03:25 a.m. EST on trading volume that surged 29% to $39 million. Catcoin is a versatile meme coin token that supports three chains: BNB Chain, Solana, And Ethereum. There has been a surge in the adoption of the token, as the number of Catcoin holders surpassed 51,000. The number of #Catcoin hodlers has surpassed 51,000 users indicating a significant increase in the adoption of $CAT 🚀🐱 — CatCoin (@catcoin) March 26, 2024 Catcoin Price Signals A Continued Surge CATUSD Chart Analysis Source: Tradingview.com The Catcoin price bulls remain resilient as they drive the price higher to new highs after different periods, with the price climbing to a new all-time high (ATH) of $0.00000000169 before slightly retracing back to the current price. However, the bulls are set to use the support zone around $0.000000000760 to push the price even higher, having breached the previous re...

Born as a playful jest in 2013, Dogecoin defied expectations, skyrocketing to unprecedented levels and igniting fervent speculation about its future trajectory. With Dogecoin witnessing a remarkable price surge, doubling in value by the end of February 2024 and currently trading around $0.1707, the burning question lingers: What are Dogecoin’s prospects for April? Renowned crypto analyst DonAlt, celebrated for his keen market insights and substantial following, recently stirred excitement with his bullish forecast for DOGE. With over 530K followers eagerly anticipating his every word, DonAlt hinted in a YouTube update that Dogecoin could potentially hit the $1 mark, citing its favorable performance against Bitcoin. Drawing from technical analysis, DonAlt highlighted DOGE’s resilience and its knack for finding support amidst market turbulence. The optimism surrounding Dogecoin’s future isn’t merely a product of speculative frenzy; tangible factors underpin t...

Mar 25, 2024 at 15:27 // Price Author Coin Idol Shiba Inu (SHIB) prices have risen to a high of $0.00004552 before falling again. Price Analysis by Coinidol.com. Long-term forecast for the Shiba Inu price: bullish As the altcoin recovers from its downturn, it is encountering resistance at the high of $0.00004500. Buyers are driving SHIB towards the upper resistance of $0.00008251. Meanwhile, the altcoin falls back after reaching the resistance level of $0.00004500. The altcoin has pulled back below the 21-day SMA but remains above the 50-da...

In the current market phase, investors and traders are actively positioning themselves to safeguard their profits or seize opportunities presented by emerging trends. With their expertise, investors demonstrate a keen ability to identify cryptocurrencies with the potential for substantial growth among the upcoming meme token projects. New and Best Meme Coins to Buy Now The meme coin market is currently undergoing a notable upswing, propelled primarily by significant moves from institutional moves. This surge has seen a handful of meme coins skyrocket to exceptional heights, capturing the attention and interest of investors. As the market continues to develop, these developments highlight the volatile nature of the crypto market, presenting investors with many opportunities to explore and capitalize on. Among the latest meme coins to hit the market, Perezoso stands out with its unique approach of rewarding loyal traders within its exchange ecosystem. The token is designed to incentiv...

Despite the country’s highly publicized dollarization of its economy, and rejection of its BRICS invitation, Argentina citizens may already be ditching the US dollar for Bitcoin. Indeed, a new report from local cryptocurrency exchange Lemon revealed that the savings strategy in the country had preferred the digital asset to the greenback. Bitcoin investments have replaced the long-held action of exchanging pesos for US dollars in Argentina. Specifically, BTC purchases have reached their highest figure in over a year, with the country still looking for better dollar alternatives. The transition is taking place amid the recent election of President Javier Milei, a proponent of dollarizing the nation. Also Read: Argentina Minister Says Contracts Can Now be Settled in Bitcoin Argentina Already Looking to Bitcoin Over the Dollar? Argentina has made headlines for the past few months. As far back as November 2023, the country had prominently elected a new president in radic...