Month: February 2024

February 2024 has seen the cryptocurrency landscape brimming with optimism as various altcoins demonstrate noteworthy innovation and growth. The crypto community’s attention has been particularly captivated by these new breeds of alternative cryptocurrencies. Among these, ApeMax has emerged as a standout in altcoins, showcasing unique and innovative features. Drawing insights from official altcoin websites and…

BlackRock’s Bitcoin exchange-traded fund (IBIT) has surpassed Grayscale’s converted BTC product (GBTC) in volume for the first time since trading commenced on January 11.   BlackRock’s IBIT has become the first Bitcoin spot exchange-traded fund (ETF) to overtake Grayscale’s converted BTC product (GBTC) in terms of daily volume.  February 1 Trading Volume  According to data from…

A report from the U.S. Energy Information Administration (EIA) has disclosed that Bitcoin mining consumed 0.6% to 2.3% of the total U.S. energy last year. The report discloses the electricity consumption of Bitcoin mining in the United States, utilizing data sourced from the Cambridge Bitcoin Electricity Consumption Index (CBECI). This index monitors the power demands…

Market analyst Ali Martinez argues Chainlink (LINK) is primed for more significant gains in the coming days as accumulation picks up. Over the past day, Chainlink has emerged as a standout performer, marking impressive gains of over 12%. This significant growth comes amid the generally subdued activity in the broader crypto market.  Moreover, Chainlink’s trajectory…

Popular YouTuber Tim Warren has begun liquidating his XRP portfolio, citing three major concerns with the blockchain project. The price of XRP has underperformed relative to other major crypto assets in the past few months. While analysts continue to predict an imminent breakout and the XRP community continues to exercise patience, a few former XRP…

With the sustained growth in the Shiba Inu (SHIB) burn rate, one of the ecosystem’s administrators has issued an important message to the community. The Shiba Inu ecosystem is a community-driven one, with the majority of its achievements attributable to the efforts of community members. To draw in more participation across the board, DaVinci, an…

The price of XRP has struggled in recent months, but investors can count on these three support levels going into February. In the past few months, XRP has underperformed when compared to other top cryptocurrencies. For instance, the asset lost 18% of its value within a three-month period, whereas other coins saw positive returns. The…

A Binance Key Opinion Leader recently spotlighted Bitcoin as the 10th largest global asset, calling attention to its unique features that could catalyze further surges in valuation. Ted Hartkamp, also a Bybit partner and founder of YOUR Protocol, elaborated on the distinctive qualities that set Bitcoin apart on the global stage during a discussion on…

Graham Rodford, the CEO of U.K.-regulated exchange Archax, has predicted that the XRP Ledger could be processing up to $50 trillion by 2025. This bold forecast came during the 2023 edition of Ripple’s annual conference, Swell. Members of the XRP community recently unearthed panelist discussions at the conference. Specifically, the discussion centered on bringing the…

The memecoin ecosystem has seen the emergence of another Ethereum-based millionaire with PORK being the featured token this time around. Making millions from memecoins is not an unusual trend as certain traders typically buy in early into some of the tokens that eventually turn out prosperous. According to a recent insight from the crypto analytics…