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In 2024, the NFT market faced an unexpected downturn, revealing challenging patterns as the once-booming sector struggled to maintain its momentum.
A recent study by NFTEvening and Storible agency, analyzing the performance of 29,079 new NFT collections, presents a stark reality. It shows that most NFT drops this year are failing to find lasting value or engagement.
Profit Elusive in 2024...
AIOZ, the native token of the AIOZ Network — a decentralized platform that leverages a global network of nodes to deliver content — has experienced a remarkable 45% price surge in the past 24 hours.
This rally positions AIOZ as the second-highest gainer of the day. It is surpassed only by Dogecoin (DOGE), whose value has risen by 52%. However, while significant buying activity remains...
On November 11, 2024, Bitcoin skyrocketed above the unprecedented level of $88,000, reflecting investor optimism following President-elect Donald Trump’s victory.
Major altcoins followed Bitcoin’s upward trajectory, with Ethereum reaching above $3,400 and gains across decentralized finance tokens and memecoins. Trump’s campaign promises to make the U.S. the “crypto capital of the planet”,...
US Senator Cynthia Lummis remains optimistic that her national Bitcoin reserve bill proposal could pass within the first 100 days of Donald Trump’s second term.
On November 11, Lummis posted on X, expressing confidence that bipartisan support could propel the bill forward if public support grows. She argued that this legislation would enhance the US financial system and reinforce the country’...
Dogecoin (DOGE) has experienced a dramatic price surge, pushing it to a 42-month high and solidifying its position as the leader among meme coins. This 100% rally over the past week has reignited investor interest, with many hoping for continued growth.
However, there are signs that DOGE’s price might soon face challenges, as the current momentum could shift.
Dogecoin Is Reaching Its...
The crypto market has evolved beyond macroeconomics — it now has ties to politics. If you have doubts, look at the prices of assets like Solana (SOL) since Donald Trump emerged as the winner of the US presidential elections. For instance, Solana all-time high, which was 40% away some weeks back, now only needs a 15% hike to clip a new peak.
However, that is not the only thing happening with...
The US has grappled with a growing debt-to-GDP ratio for decades. In 2008, it took $4 trillion in credit to reduce this ratio from 132% to 115%.
According to former BitMEX CEO Arthur Hayes, cutting the ratio to 70%—where it stood in 2008—could demand $10.5 trillion in new credit. This massive credit expansion could spark major changes in asset prices, especially for Bitcoin.
Bitcoin’s...
Ripple’s XRP has maintained a steady uptrend over the past week. It currently trades at a two-month high of $0.64, having recorded a 19% uptick over the past week.
BeInCrypto’s assessment of XRP’s setup indicates that it is now eyeing a potential return to its year-to-date high of $0.74. How soon will this materialize?
Ripple Holders Bet on a Rally
The decline in XRP’s selling pressure,...
Bitcoin spot ETFs (exchange-traded funds) in the US hit a multi-month high, reaching a massive $7.22 billion in trading volume on November 11.
Meanwhile, Ethereum ETFs set a new peak on inflow metrics, recording over $295 million amid a remarkable surge for crypto-based exchange-traded funds.
Bitcoin ETFs Hit Multi-Month High With $7 Billion Trading Volume
This marks the sixth-highest...
Worldcoin (WLD) has experienced a significant price surge, skyrocketing over 50% in the past week. Partly fueled by the broader market rally, this growth is largely attributed to the project’s aggressive global expansion, with over 40 countries added to its network this month alone.
With a positive general market sentiment and World’s plan to expand to more countries, the Worldcoin price rally...