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Bitcoin continues to lead in terms of longest average holding period. However, one crypto asset has outperformed major assets such as Ethereum on this metric, underscoring its continued appeal among long-term investors. According to the latest data compiled by IntoTheBlock, Bitcoin leads with an “average HODL time” of 4.4 years. This is consistent with the common perception of it as a long-term store of value, or “digital gold.” Despite the world's largest crypto asset failing to regain significant levels and set new all-time highs, both institutional and retail interest has soared, although the latter's interest has slowed. Interestingly, a close…
Despite legal ramifications from previous sponsor FTX, the Warriors have named Coinbase as their new cryptocurrency partner.Coinbase remains embroiled in a year-and-a-half legal battle with the SEC.The Golden State Warriors, six-time National Basketball Association champions, have announced a new partnership with Coinbase as their “Official Cryptocurrency Platform and Blockchain Partner.”This is a significant re-entry into cryptocurrency sponsorship for the team considering its history of controversy.Coinbase plans to work with the Warriors to promote merchandise and “exclusive fan experiences,” taking over the sponsorship role left vacant after the collapse of the Warriors' previous cryptocurrency partner, FTX.Depending on the outcome of the…
Solana has recently taken a step ahead of Ethereum in terms of economic value. When this network first debuted, it was touted as an Ethereum killer and had a clear goal of being better than its rivals. Solana's real economic value recently rose to an all-time high of $11.08 million, according to a recent analysis by Blockworks. But what does that mean for the network? The actual economic value metric takes into account the minimum viable ecosystem (ease of development of a DAPP) and the network's transaction fees. Analysis reveals that Solana has achieved parabolic growth in real economic value,…
This article explores the potential price appreciation if Shiba Inu's market cap reaches that of Solana, Ethereum, or Bitcoin, highlighting its ambitious goals with fewer zeros. On Friday, Shiba Inu was once again under bearish pressure, with its price plummeting to just above $0.00001,600. This unexpected decline came as Bitcoin retested the $65,000 level for the second time this week. Despite this, we remain optimistic regarding Shiba Inu's potential targets this season. Analysts have signaled an ambitious market valuation for SHIB, including a $100 billion target proposed by widely followed analysts Jake Gagain and Zach Humphries. Remarkably, this bold market…
Tech giant Microsoft is planning a shareholder vote on a possible investment in Bitcoin (BTC) in December, despite its recommendation against the currency. In a new filing with the U.S. Securities and Exchange Commission (SEC), Microsoft's board of directors recommends voting against the idea of investing in the top market-capitalized crypto asset. In a public statement, the board said that the proposal itself was not necessary as the company's management has already carefully considered whether to invest in the crypto tycoon. “Microsoft's [teams] We have evaluated a wide range of investable assets to fund Microsoft's ongoing operations, including assets that…
Dubai, October 23, 2024 – The 13th Blockchain Life Forum, the premier gathering of cryptocurrency leaders from around the world, recently concluded with an amazing attendance of over 7 people. 12119 participants. This forum will include executives from industry pioneers and top companies such as OKX, CoinMarketCap, Bitmain, Bybit, Binance, Animoca Brands, Circle, BingX, ICP, Kraken, TON, Sandbox, Polygon, Litecoin, Sui, BNB, and more. More than 200 prominent speakers took to the stage. Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, Delysium, etc. The cryptocurrency company exhibition featured 125 stunningly beautiful booths. Leading companies such as OKX,…
Tesla worked with Arcam Intelligence to move 11,509 BTC ($776.9 million) to new wallet after two years … [+] Identify the move as internal rotation rather than sales preparationgetty Tesla has moved its entire Bitcoin balance of 11,509 BTC ($776.9 million) to seven new wallets, marking the first time these assets have been moved in more than two years. The move, which initially caused market concern, turned out to be an internal wallet rotation rather than a preparation for a sale, according to the Arkham Intelligence report. “On-chain movements like this are usually a sell signal. But so far there…
Ethereum’s dominance drops below 14% Short-term net inflows suggested selling pressure, while longer-term outflows suggested potential accumulation. Ethereum (ETH) Its dominance in the cryptocurrency market fell to 13.36% from 18.85% a year ago. This means a significant decline in ETH's share in the overall cryptocurrency market. noticed By analyst Benjamin Cowen. In fact, the aforementioned decline can be seen as a sign of sustained selling pressure. ETH in particular has struggled to maintain higher dominance levels. Historically, Ethereum has faced resistance at the 16% and 22% dominance levels and has failed to break through these barriers multiple times since 2018.…
bitcoin investor The company is now showing renewed enthusiasm for the largest crypto asset as it experiences a notable surge in net capital inflows. This shows that overall market demand is rising, and there is growing speculation that it could rise in the coming months. Bitcoin capital inflow is rapidly increasing, will strong demand continue? According to a current report from Glassnode, the world's leading financial and on-chain data company, net capital inflows Bitcoin is on the rise, reflecting strong confidence in digital assets. data According to research by Glassnode, total capital flowing into BTC increased by more than 3.3%…
After trading lower or sideways for much of the past seven months. Bitcoin (Cryptocurrency: BTC) He may finally be ready for his big break. Investment firm Bernstein has released a report detailing all the reasons why they think Bitcoin could reach an all-time high of $200,000 by the end of 2025. Based on Bitcoin's current price of around $68,000, this equates to an increase of almost 200%. As a result, billionaire investors now appear to be rushing to buy the cryptocurrency. The most notable of these include hedge fund managers and tech entrepreneurs, all of whom appear to believe that…