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It's no big secret. When NFTs broke out as a coherent asset class in 2021, their value proposition was largely rampant speculation. Since then, NFT projects have incurred the following costs: countless They are reorienting their brand towards a more serious-sounding sustainable future. Most people have chosen to go all-in on the ephemeral and provocative concept of intellectual property or IP. However, what exactly IP means in such a context and how much IP rights an NFT project can bestow on its owners remains to be resolved. Those unanswered questions resurfaced this week at Yuga Labs. billions of dollars The…

It's no big secret. When NFTs broke out as a coherent asset class in 2021, their value proposition was largely rampant speculation. Since then, NFT projects have incurred the following costs: countless They are reorienting their brand towards a more serious-sounding sustainable future. Most people have chosen to go all-in on the ephemeral and provocative concept of intellectual property or IP. However, what exactly IP means in such a context and how much IP rights an NFT project can bestow on its owners remains to be resolved. Those unanswered questions resurfaced this week at Yuga Labs. billions of dollars The…

Saturday's price action speaks to bullish momentum and renewed interest in digital assets, with the broader cryptocurrency market capitalization increasing by a remarkable 7.77% to a staggering $2.37 trillion. It's being pushed up. The meme coin market was not left behind either, registering a 16.7% rise in the past 24 hours, giving the sector a value of $57.7 billion, according to CoinGecko. Things to note are: dogwifat Leading the pack of large meme coins was Dogwifhat (WIF). The Solana-based cryptocurrency, which was launched on November 20, 2023, has soared an impressive 23% in the past 24 hours, and an impressive…

From April 29th to May 4th, 2024 This week has been particularly eventful in the world of cryptocurrencies, with significant hacks felt throughout the community. From his second breach in just a few days by Pike Finance to traders' unfortunate losses due to phishing scams, the state of cryptocurrency security is once again in the spotlight. There is still much to learn from this unfortunate situation. Here's what happened: detailed summary 1. Pike Finance is under double attack Pike Finance, a prominent DeFi lending platform, faced a second exploit within a short period of three days, resulting in a significant…

TL;DR Bitcoin prices have started to recover after falling recently, raising hopes for a possible rally in May. Favorable regulation and increased institutional adoption could fuel a significant increase in BTC price (per ChatGPT). What is the probability that BTC will rise in May? Despite a strong start to the year, surging to all-time highs in March, Bitcoin's progress stalled in April. Major cryptocurrencies had a poor start to May, dropping to $56,800, the lowest level in nearly two months. The past few days have been a little more optimistic, with BTC regaining lost ground and briefly surging towards the…

The past few days have been terrible for the crypto industry, with the decline taking more than $280 billion of liquidity from the market. Major altcoins have fallen further below 40% in recent days due to the plummeting price of Bitcoin. Analysis over the past few days has revealed that there has been significant volatility in Bitcoin prices due to several factors, including halving expectations, the potential impact of spot ETFs, and interest rate hikes by the US government. The closing ratio of both positive and negative sentiment kept Bitcoin fluctuating above $60,000 from March to April. However, after the…

Cryptocurrency Price Prediction: Cryptocurrency markets have seen renewed buying interest since Thursday after Bitcoin price reversed from $56,500. The bullish reversal pushed the BTC price to $63,169, marking a 6% increase from yesterday. The altcoin market also experienced a significant rally, with top assets Ethereum (ETH) and Solana (SOL) increasing by 4% in the past 24 hours. Toncoin (TON) and Avalanche (AVAX) posted gains of 5-7%, while leading meme coins Dogecoin and Shiba Inu posted double-digit gains.The buying momentum can be attributed to the lack of follow-up from the $60,000 support breakdown and notable inflows from spot BTC ETFs.According to…

The following is a guest post from Shane Neagle.Regardless of an asset's fundamentals, its value is determined by one fundamental characteristic: market liquidity. Is it easy for a wide range of people to buy and sell this asset? If the answer is yes, then the asset receives a large amount of trading volume. This will then make it easier to execute trades at different price levels. The result is a feedback loop that increases investor confidence and market participation through more reliable price discovery.Since Bitcoin was launched in 2009, it has relied on crypto exchanges to establish and expand market…

A closely watched cryptocurrency strategist believes the time is ripe to see one of Ethereum's (ETH) competitors skyrocket. Trader Ali Martinez To tell His 61,400 followers on social media platform X say he is bullish on Cardano (ADA). The analyst said ADA “looks poised for a parabolic bull run” after its value has fallen by about 50% over the past month. Martinez noted that in 2020, Cardano saw a correction of more than 50% before turning vertically upward. “In 2019, Cardano consolidated within the parallel channel, marking the end of the bear market. After a plateau, ADA broke out of…

Bitcoin Bitcoin After this week's “perfect storm”, Bitcoin has bounced back, helped by a shocking bombshell statement from BlackRock that could cause chaos in Bitcoin prices. Subscribe now Forbes Crypto Asset and Blockchain Advisor and “Revealing Blockchain Blockbusters Poised to Gain Over 1,000% in Bitcoin Halving Earthquake Aftermath”! Bitcoin prices have soared in the last year, boosted by the arrival of Wall Street's new physical Bitcoin exchange-traded funds (ETFs), but Congress' crypto bill could spell 'disaster' for Bitcoin, Ethereum, and XRP and the broader crypto market. Now, after an executive at Tesla billionaire Elon Musk's social media company rose. Sign…