Analysis Crypto by Thebittimes.Com

Although the larger part of the cryptocurrency sector seems to be slowing down its previously accumulated (massive) gains, some of its assets might just yet make an impressive bullish recovery and more – one of them being XRP, at least in the view of a number of crypto and finance experts . Indeed, Markus Thielen, head of research at the crypto analytics platform 10X Research , observed in a recent report that Bitcoin (BTC) is targeting $57,000 as its next resistance, with the increasing “odds for another leg being higher,” contributing to a healthy structure of the crypto market. As he further explained, “Bitcoin is the critical directional influencer,” arguing that the likes of the XRP token, Ethereum (ETH), and other major digital assets will likely take the cue from the flagship decentralized finance (DeFi) asset and rise and fall with its movements.  Picked for you 3 cryptocurrencies to buy under $1 for next week 19 mins ago This AI token...

Binance plans to roll out support for a new cross-chain crypto gaming project via its Launchpool platform. The top global crypto exchange says the 47th Binance Launchpool project will be Portal (PORTAL), a project that aims to unite games from different blockchains on its cross-chain token platform. Launchpool allows users to stake coins to farm new assets. Starting on Wednesday, Binance users will have seven days to stake BNB and the stablecoin First Digital USD (FDUSD) in separate pools to farm PORTAL tokens. The exchange will then list PORTAL for trading on February 29th and apply a seed tag to the asset. Binance applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own assets with tags are required to pass quizzes every 90 days to ensure they’re aware of their inherent risks. Portal has partnered with LayerZero, an omnichain interoperability protocol, to “enable a seamless multi-chain experience for gamers....

India has ordered a cluster of finance analysts and think tanks to study the prospects of a new BRICS currency. The proposal orders finance intellectuals to debate if India wants to agree on the formation of an upcoming BRICS currency. A senior and top-level government official said on the condition of anonymity that the discussion will be significant at the upcoming summit in October. India plans to keep its talking points prepared at the 16th BRICS summit in Russia’s Kazan region this year. Also Read: $5,000 Invested in Nvidia Stocks in 2000 is Worth $2 Million Today BRICS member Russia is also contemplating ideas of a BRICS currency as its economy is affected by the US sanctions. Russia is reaching out to India for a renewed and extensive dialogue about the prospects of a new BRICS currency. “We have not changed our position at all, but there is no harm in a study,” informed a source to Business Standard. Speculations are rife that the finance analysts and think tank...

An intriguing Analysis has surfaced from a prominent analyst, borovik.eth, shedding light on Ethereum’s potential trajectory within the overall market. According to borovik.eth, Ethereum has the capability to ascend to the level of a $1 trillion asset, a prospect that has garnered widespread attention among investors. Price Projection at $1 Trillion Market Cap At the milestone of a $1 trillion market cap, borovik.eth predicts that the price of Ethereum (ETH) could soar to an impressive $8,322. This bold prediction has ignited discussions and debates within the crypto community, prompting stakeholders to contemplate the implications of such a significant valuation. ETH will be a 1 TRILLION asset this cycle At 1 trillion, $ETH will be $8,322 You aren’t BULLISH enough! pic.twitter.com/psmhR5b7bN — borovik.eth (@3orovik) February 20, 2024 Current Market Status Currently, Ethereum is trading at $2,948.11, reflecting a notable surge of 11% over the past sev...

The US Securities and Exchange Commission (SEC) has been sued in Texas for “unlawful targeting” digital asset businesses. The lawsuit was filed in the United States District Court for the Northern District of Texas on Wednesday by crypto startup LEJILEX and Crypto Freedom Alliance of Texas LEJILEX is filing the lawsuit ahead of its plans to launch a digital assets exchange. Texas-based non-profit platforms LEJILEX and Crypto Freedom Alliance of Texas (CFAT), have filed a lawsuit against the US Securities and Exchange Commission (SEC), arguing that the regulator has over the past few years overreached in its regulatory approach to the crypto industry. SEC sued for regulatory “overreach” A complaint filed in the United States District Court for the Northern District of Texas alleges that the SEC has “unlawful” asserted its regulatory authority all over the crypto space across Texas and the United States. “ This case, ...

London, United Kingdom, February 21st, 2024, Chainwire Bitcoin Dogs has now raised a total of $3.1M in the first 6 days of its historic presale. The project’s BRC-20 token, 0DOG, is the first-ever ICO on the Bitcoin blockchain. Bitcoin Dogs leverages the recent Ordinals protocol to break new ground in the Bitcoin ecosystem and the team plans to launch a 10k-strong NFT collection later this year. The opportunity to be part of history has been a key selling point for the brand, fuelled no doubt by the token price increasing every three days, until the presale ends on Friday, 15th March – after which the token will become available for trading. In less than 6 days, the Bitcoin Dogs’ X community has surged past 80k followers, with a further 14.5k actively discussing the project in the Telegram community. Bitcoin Dogs (0DOG) is available on the official website . The Road Ahead For Bitcoin Dogs Beyond the historic ICO that has launched the ...

BONE achieved a 3 million daily transactions milestone, according to data from Shibarium Explorer. SHIB community expects rising transactions to impact BONE’s price in the crypto market. BONE achieved a remarkable $148 million market capitalization and reached a price of $0.592331 last Monday. Network activity on BONE, one of the crypto tokens in the Shiba Inu ecosystem, reached a landmark, recording three million daily trans action s on Monday, February 19. The Shib project’s representative on X posted about achieving this target a few hours before realization. The post suggested the rising number of trans action s would lead to an eventful week for the meme coin project.  Approaching 3 million trans action s… and the day isn’t over yet! Wishing the ShibArmy an amazing week ahead. Check out the latest Shibarium activity at https://t.co/8ttFbBwkrF pic.twitter.com/Hwe9pzpg9q — Shib (@Shibtoken) February 19, 2024 Data from the Shibarium explore...