This Week in Crypto Games: Saga airdrop begins, Notcoin trading, PlayStation NFTs, and surging token prices. Ubisoft brings Watch Dogs franchise to card-battler Cross the Ages via NFT cards. Avalanche-based hero shooter BloodLoop launches play-to-airdrop campaign. Apeiron announces sale for APRS token. Portal announces esports tournament for Dota 2.
PEPE, the third biggest memecoin in terms of market cap, has experienced a growth of almost 800% in the last month, with its holder base increasing by over 25,000 and a majority of holders making profits; technical analysis suggests the possibility of new all-time highs, but there is also a potential for a significant downturn if it fails to hold above the support level.
Large corporations are expected to drive massive inflows into Bitcoin in the second quarter of 2024, following the success of Bitcoin exchange-traded funds (ETFs) in attracting blue-chip investors and financial institutions.
Macro guru and Real Vision CEO Raoul Pal reveals that 90% of his crypto holdings consist of crypto hedge funds, Solana (SOL), non-fungible tokens (NFTs), and the layer-1 blockchain Sui (SUI), with the remaining 10% allocated to high-end art NFTs and the SUI Foundation.
Dogecoin has surpassed the entire AI crypto market in terms of market capitalization, highlighting the enduring popularity of meme coins and the speculative nature of AI-themed cryptocurrencies.
Cathie Wood, founder of Ark Invest, believes that Bitcoin's price will reach $1.5 million by 2027, driven by the approvals of Bitcoin ETFs, institutional purchases of those ETFs, and the upcoming halving. While her previous predictions have not always come true, the increasing adoption of Bitcoin and the approval of spot price Bitcoin ETFs could support its price. Investors should consider the bullish arguments and decide if Bitcoin is a promising long-term investment.
BlackRock's iShares Bitcoin ETF has accumulated more bitcoin than MicroStrategy, with 195,985 bitcoin held by the BlackRock fund compared to MicroStrategy's 193,000 tokens.
Bitcoin's recent rally may signal a revival for the cryptocurrency industry, which has seen 72% of projects die since 2020, according to a report, as the surge in bitcoin's price brings new attention and investment to the sector.
Coinbase met with the SEC to discuss Grayscale's proposed spot Ethereum ETF, highlighting the market resilience to fraud and manipulation and the correlation between ether futures and spot markets.
XRP holders can earn passive income by providing liquidity to the Automated Market Maker (AMM) on the XRPLedger, but simply holding the altcoin does not qualify for rewards or additional income.
Bitcoin has surged to over $70,000 per bitcoin, with Wall Street anticipating its potential to reach new all-time highs and open the floodgates for Ethereum (ETH), XRP, and other cryptocurrencies to receive ETF approval.
Crypto traders may be on the brink of an extended corrective period, with Bitcoin likely to reach a temporary top before experiencing a consolidation phase, according to a popular cryptocurrency analyst, The Flow Horse, who also suggests that the artificial intelligence (AI) crypto sector may experience a surge in anticipation of an upcoming AI-focused conference.
Bitcoin is approaching a crucial moment as it enters the mainstream with the approval of spot market Bitcoin ETFs, allowing every individual to buy and speculate on it, potentially leading to broader adoption and the approval of other cryptocurrency ETFs like Ethereum.
Dogecoin (DOGE) could potentially experience a significant price increase and reach $1 by mid-April according to crypto analyst Ali Martinez and previous historical patterns.
Bill Ackman suggests a scenario where the rise in Bitcoin's price leads to a cycle of increased mining, energy consumption, inflation, and declining dollar value, drawing demand for Bitcoin; however, his statement received a response from MicroStrategy's Michael Saylor, highlighting the positive impact of Bitcoin mining on reducing electricity costs for consumers.
Stablecoin issuer Circle is improving liquidity on the Solana network through the launch of its Cross-Chain Transfer Protocol (CCTP), which allows users to transfer USDC across multiple blockchain networks.
A study by CoinLedger predicts that the upcoming Bitcoin halving event in 2024 will increase the price of Bitcoin to over $115,000, based on previous halving events resulting in an average 400% surge in price.
The price of Shiba Inu (SHIB) is struggling despite a significant burning activity by developers, with a spike in the burn rate of over 23,000% resulting in the intentional destruction of billions of tokens, yet the price remains down by over 23% from its yearly high, although some analysts believe this could be part of a consolidation phase that may lead to future gains. The ShibaArmy is also advocating for the listing of ShibaSwap's BONE token on Binance, with the token currently ranking third on the nomination list.
BlackRock's iShares Bitcoin Trust ETF (IBIT) has accumulated more Bitcoin than MicroStrategy, signaling the increasing demand for spot Bitcoin ETFs since their launch in January. The surge in trading activity has resulted in Bitcoin reaching a new all-time high, although a subsequent sharp sell-off has occurred.
Bitcoin reached a new all-time high, surpassing $70,000, with its rise supported by record-setting trading in crypto ETFs, while other assets like meme coins experienced significant gains as well.
Forbes has included Shiba Inu in their list of the top 10 cryptocurrencies to invest in for March 2024, indicating the token's growing popularity and recognition in mainstream financial outlets.
Representatives from the SEC engaged in discussions with Coinbase and Grayscale regarding the potential approval of spot Ethereum exchange-traded funds (ETFs), with differing opinions from experts on the outcome.
The S&P 500 experienced its first weekly drop in three, but remains 7.4% higher this year, while household wealth reached a record in 2023; in the cryptocurrency market, memecoins, led by Dogecoin, have become a $50 billion industry and crypto miners are increasing their efficiency and electricity consumption by purchasing more machinery.
A crypto analyst predicts that the current bull market for digital assets, including Bitcoin and memecoins like Shiba Inu, will come to an end in late 2025 based on historic patterns.
Multiple upcoming Marvel games have been announced, including Marvel's Wolverine, Marvel's Blade, Marvel's Black Panther, Marvel's Black Panther/Captain America Game, an untitled Iron Man game, Marvel's Spider-Man 3, and Marvel's Venom: Lethal Protector.
Bitcoin miners are investing billions of dollars in equipment and consuming record amounts of energy as they prepare for an upcoming code update that may threaten their revenue streams.
Filecoin (FIL) is predicted to experience a significant price increase after breaking out of a long-term accumulation phase, according to cryptocurrency analyst Bluntz, who also predicts price targets for memecoin dogwifhat (WIF) and Solana competitor Sei (SEI).
Bitcoin, ethereum, XRP, and other major cryptocurrencies have gained attention amidst concerns over a potential U.S. dollar crisis, with China and Russia collaborating to create a payment system based on bitcoin's blockchain technology that could challenge American hegemony, according to experts.
Analyst Nicholas Merten predicts that Stellar (XLM) and decentralized finance (DeFi) altcoins Aave (AAVE), Compound (COMP), and Uniswap (UNI) have the potential for significant gains in the crypto market.
The upcoming bitcoin "halving" event in April, which reduces the number of new tokens in circulation, is expected to contribute to the cryptocurrency's continued rise, with some analysts predicting a possible six-figure value.
Bitcoin could reach over $150,000 within the next 12-18 months due to several factors including increasing demand, a more favorable regulatory environment, and the impact of the upcoming halving, according to Tom Lee, the founder of Fundstrat Global Advisors.
### Summary Crypto continues its upward momentum in 2024, with key narratives including the launch of spot Bitcoin ETFs and upgrades from major cryptos, such as Avalanche, Cardano, and Ethereum, which are poised to provide more fuel to the impressive rally.
The United States experienced a significant increase of 53% in losses from cryptocurrency investment scams in 2023, reaching a total of $3.94 billion, according to a report by the FBI.
Bitcoin's recent rally has led to the rise of altcoins, and three cryptocurrencies trading under $0.01 – Decentraland (MANA), Ripple (XRP), and Cardano (ADA) – have the potential to reach $1.
Bitcoin reaches a new high of over $70,000 before selling off, with analysts attributing the earlier price drop to factors such as outflows from Grayscale Bitcoin Trust and a large wallet selling off mined Bitcoins from 2010, while MicroStrategy continues to buy Bitcoin and remains confident in its future.
Jito Labs, the developer of Solana client Jito, has suddenly disabled its mempool functionality due to the occurrence of costly sandwich attacks on traders.
The U.S. Securities and Exchange Commission has postponed its decision on allowing options on spot bitcoin ETFs to be listed and traded on exchanges until late April.
Bitcoin has the potential to compete with the largest ETFs in the world, including the S&P 500 Index ETFs, according to MicroStrategy Inc. Chairman Michael Saylor, who believes Bitcoin's recent performance is a sign of its ability to rival these top asset classes.
The sector of Decentralized Physical Infrastructure Networks (DePIN) is experiencing exponential growth, with around 650 new projects launched, a market capitalization of $20 billion, and an estimated annual on-chain revenue of $15 million, as it aims to revolutionize traditional systems by democratizing access to essential services and fostering community-driven solutions.
Crypto super PAC, Fairshake, funded by major crypto players Coinbase, Ripple Labs, and Andreessen Horowitz, plans to spend on ads in key U.S. Senate races in Ohio, Montana, Maryland, and Michigan, with the aim of influencing the balance of power in Congress and advocating for the creation of crypto industry regulations.
Wyoming has established a new legal framework for DAOs, allowing them to secure nonprofit status, which will provide much-needed protections and empower them to keep blockchain networks open, according to Andreessen Horowitz (a16z) Crypto.
Bitcoin reaches a new all-time high, leading to an upgrade of Coinbase stock by Goldman Sachs and BlackRock's plan to add bitcoin exposure to one of its major funds.
Coinbase has surpassed its direct listing price for the first time in over two years, with its stock rising 5.8% to close at $256.62 per share, signaling a recovery driven by the surge in Bitcoin's price and the SEC's approval of digital asset-focused ETFs.
Ubisoft has joined XPLA, a blockchain network founded by Com2uS, as a new validator, further expanding its support for blockchain gaming projects and aiming to create a transparent and trustworthy Web3 gaming ecosystem.
All major stock market indices close lower, while Bitcoin experiences volatile swings, reaching a new all-time high above $70,000 before falling. Nvidia shares decline after hitting another record high.
The Ethereum network's revenue reached its highest level in nearly two years as meme coins and decentralized exchanges fueled increased blockchain activity, resulting in higher fees but benefiting ether holders due to its deflationary nature.
The Shiba Inu price is facing a potential dip and losing bullish momentum, which could hinder its ability to reach the target and generate profits for investors, however, there is a possibility to avoid this decline and potentially breach $0.00004000.
Top cryptos to buy for robust returns in the currency bull market include Bitcoin (BTC), Ethereum (ETH), and Zilliqa (ZIL), with Bitcoin projected to reach over $100,000 after its halving event and Ethereum expected to benefit from the launch of an ETF and upcoming developments like the dencun upgrade.
Coinbase has been upgraded to Neutral from Sell by Goldman Sachs, with a new price target of $282, due to the recent rise in cryptocurrency prices, particularly the surge in bitcoin.
BlackRock, the $9.1 trillion asset manager, is planning to purchase spot bitcoin exchange traded products (ETPs) for its Global Allocation Fund, including its own IBIT product, according to a filing with the Securities and Exchange Commission (SEC).
