A widely followed crypto analyst thinks the top meme asset Dogecoin (DOGE) could kick off a parabolic bull run this month. In a new strategy session, crypto trader Ali Martinez shares a chart with his 76,400 followers on the social media platform X that suggests DOGE is primed to spark a rally based on historical […]
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Payments processing giant Mastercard is teaming up with a European counterpart to support non-custodial crypto wallets. In a new announcement, European payments firm Mercuryo says it’s teaming up with Mastercard to launch Spend, a crypto debit card that makes it convenient for customers to spend or cash out their digital assets. “In the context of […]
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Buyers will need to keep Bitcoin above $53,500 to start a recovery in SOL, DOT, NEAR and KAS.
Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears. The buyers are trying to keep the price inside the $56,552 to $73,777 range, while the bears are attempting to yank the price lower. Sellers pulled the price near $53,500 on July 5, but lower levels attracted buying by the bulls.
According to Farside Investors, United States-based Spot Bitcoin exchange-traded funds witnessed net inflows of $143.1 million on July 5, the largest in one month. Bitwise Asset Management CEO Hunter Horsley said in a post on X that investors who do not have exposure to Bitcoin have a “chance to buy the dip” as its outlook “has never been stronger.”
Bitcoin’s recent fall has intensified selling in several altcoins, but a few have managed to hold on to their strong support levels. These altcoins could lead the recovery if Bitcoin starts a move toward $60,000.
A closely followed crypto strategist believes that one Ethereum (ETH) rival is in an uptrend after retesting the $120 range last week. Pseudonymous analyst Altcoin Sherpa tells his 217,700 followers on the social media platform X that Solana (SOL) appears to have more upside potential after holding the 200-day exponential moving average (EMA) as support. […]
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Interoperability blockchain project Polkadot (DOT) is reportedly spending massive amounts of money on outreach and marketing. According to the project’s new treasury report, $37 million was spent in the first half of 2024 to increase interest in the Polkadot ecosystem. “$37 million was spent on ‘outreach.’ But what do we mean by that? Under outreach, […]
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The blockchain’s revenue declined over the first half of 2024, and its head ambassador has called for its token’s inflation rate to be lowered.
Polkadot’s treasury holds just under $245 million worth of assets, giving it around two years of spending left at its current rate, according to a Friday report from the blockchain.
“Polkadot’s Treasury is becoming more complex and harder to grasp,” its head ambassador Tommi Enenkel wrote in a June 28 treasury report for 2024’s first half. “Polkadot is spending directly as well as allocating value in bounties and collectives to be spent in the future.”
“At the current rate of spending, the Treasury has about 2 years of runway left, although the volatile nature of crypto-denominated treasuries makes it hard to predict with confidence,” Enenkel added. “This has sparked discussions ranging from a stricter budgeting approach to a change in the inflation parameters of the system.”
The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets. According to the filings, Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), […]
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A widely followed crypto analyst and trader believes that one Ethereum (ETH) rival is well below fair market value. Crypto trader Michaël van de Poppe tells his 722,500 followers on the social media platform X that layer-2 scaling solution Polkadot (DOT) could follow ETH’s upward trend. “DOT is likely going to follow Ethereum in its […]
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The Web3 educational platform also announced a Polkadot education initiative to help onboard new developers to the blockchain network.
EasyA, a Web3 education platform and incubator, recently announced it had reached a significant milestone by accruing more than 1 million developers in its ecosystem.
Alongside the milestone announcement, EasyA also revealed plans to launch a Polkadot education initiative to help interested developers learn the ropes of the blockchain network and eventually deploy decentralized applications on the Polkadot platform.
Phil Kwok, co-founder and CEO of EasyA, pointed to the educational platform’s significant developer ecosystem as a sign that interest in Web3 has reached a crescendo. “Reaching one million developers is a testament to the insatiable appetite for Web3 education,” Kwok said.
A widely followed crypto analyst says that altcoins are poised to spark a massive rally starting at the end of June. In a new thread, crypto trader Michaël van de Poppe tells his 719,600 followers on the social media platform X that altcoins are gearing up for a ride “back to normal values.” “The altcoins […]
The post Altcoins Are Ready for Their Big Run, According to Crypto Analyst Michaël van de Poppe – Here’s the Timeline appeared first on The Daily Hodl.
