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VanEck, a leading financial institution based in New York, shares the following insights: Ethereum Layer 2 (L2) solution. The company estimates L2's valuation at $1 trillion, highlighting its potential to outperform Ethereum. L2 technologies such as Zero Knowledge Rollup (ZKU) and Optimistic Rollup (ORU) address scalability by processing transactions from the main blockchain. This could potentially surpass Ethereum in revenue generation given the transaction limits of major blockchains. Despite the optimistic outlook for L2; Van Eck We maintain a cautious stance on most L2 tokens. The company reasons that these tokens do not function as primary currencies within the cryptocurrency…
In the first quarter (Q1) of 2024, meme coins emerged as the most profitable coins. Cryptocurrency storyAccording to recent research, the top tokens across the board have delivered a massive average return of 1312.6%. report Conducted by CoinGecko. This number far exceeds the returns of other stories and highlights the growing popularity and enthusiasm surrounding meme coins in the crypto market. RWA vs meme coin Three newly launched tokens were among the top 10 meme coins by market capitalization at the end of the quarter: Brett (BRETT), BOOK OF MEME (BOME), and Cat in a Dogs World (MEW). BRETT followed…
Popular crypto traders are bullish on blockchain gaming platforms. Pseudonymous analyst known as Altcoin Sherpa To tell 213,600 followers on social media platform X see support for GALA at $0.053 and $0.046, representing the $0.5 and 0.618 Fibonacci retracement levels. Analysts believe that GALA may rebound after reaching the Fibonacci area. “Gala: If you like money, buy this green box.” Source: AltcoinSherpa/X GALA is close to that range, trading at $0.0567 at the time of writing. The crypto asset, which ranks 58th by market capitalization, has fallen more than 9% in the past 24 hours. Altcoin Sherpa also shares analysis…
April 3, 2024 7:13 p.m. | 2 minute read | famous cryptocurrency analyst michael van de poppe We have identified a list of the top 10 altcoins that offer significant buying opportunities amid market declines.what happened: in X Van de Poppe highlighted the current market situation in a thread (formerly known as Twitter) on Wednesday, stating that altcoin market caps have seen a correction but still have the potential for further upside. He pointed out that there was. He added that although minimal, “altcoins are not falling against Bitcoin, it's just a Bitcoin correction.”Enter to win $500 in stocks or…
Amid bearish pressure on Bitcoin prices, popular crypto analyst and trader Captain Fybic said: identified A significant rebound is possible and BTC could reach unprecedented levels by the end of April. Bitcoin could hit a new peak this month Bitcoin is currently Downward pressure on lower time frames, It briefly reached $71,000 on Monday before falling to the $65,000 price level. Despite the unfavorable price action, Captain Fibig is confident that BTC price will rise this month. Captain Fibig’s analysis highlights Bitcoin’s bullish pennant formation on the 12-hour chart. Cryptocurrency experts say a breakout is expected later this week. BTC…
Bitcoin Chess Concept, Bitcoin Cryptocurrency Concept, King Chess Bitcoin Strategy Amid bearish pressure on Bitcoin prices, popular crypto analyst and trader Captain Fybic said: identified A significant rebound is possible and BTC could reach unprecedented levels by the end of April. Bitcoin could hit a new peak this month Bitcoin is currently Downward pressure on lower time frames, It briefly reached $71,000 on Monday before falling to the $65,000 price level. Despite the unfavorable price action, Captain Fibig is confident that BTC price will rise this month. Captain Fibig’s analysis highlights Bitcoin’s bullish pennant formation on the 12-hour chart. Cryptocurrency…
According to a new research report released on April 3, VanEck believes the market capitalization of Ethereum's Layer 2 protocol will reach a total of $1 trillion by 2030.This prediction was revealed in an in-depth analysis led by VanEck senior investment analyst Patrick Busch and head of digital research Matthew Siegel.VanEck's prediction that Ethereum Layer 2 will have a market capitalization of $1 trillion by 2030 reflects his belief in the technology's potential to significantly improve the scalability and efficiency of blockchain, and is expected to increase the market capitalization of digital assets. and the underlying technology landscape.Solving scalabilityThe investment…
The SEC has begun commenting on Grayscale, Fidelity, and Bitwise's applications to launch a spot Ethereum exchange-traded fund (ETF).The notice applies to proposed rule changes that would allow two exchanges, Cboe BZX and NYSE Arca, to list and trade the shares of the three funds.Comments will be published for 21 days after they are posted in the Federal Register.This phase is a routine step in the ETF approval process and mirrors the approach taken with the Spot Bitcoin ETF application, which previously encouraged feedback from U.S. citizens and organizations.market correlationEach notice describes matters that are expected to affect the SEC…
The Southern District of New York sentenced Bulgarian national Irina Dyrkinska to four years in prison for her involvement in the Web3 initiative OneCoin and its namesake virtual currency.Dylkinska must also forfeit $111.44 million and serve one month of supervised release, according to a statement from the U.S. Department of Justice.Mr. Dyrkinska was the legal and compliance director for the project, but facilitated money laundering and other financial crimes. In one instance, Dilkinska transferred $110 million in illegal OneCoin proceeds to a Cayman Island entity. “Irina Dyrkinska’s involvement in a sprawling one-coin pyramid scheme was a flagrant violation of conduct.Rather…
April 4th: velodromeAMM-based decentralized exchange on Optimism officially announces second large-scale implementation To the BOB (Build on Bitcoin) network, EVM compatible Bitcoin Layer 2 network. According to the BOB team, “A superchain is a network of interoperable layer 2 chains that share bridging, governance, upgrades, communication layers, etc., all built on and driven by the OP stack. “MetaDEX will serve as a hub of liquidity and volume, and this integration will seamlessly unlock BTC DeFi and foster innovation for all Bitcoin use cases through the introduction of EVM contracts.”Reddit Data Dao launches on Vana, a decentralized network for user-owned datasets…