Balita sa Industriya ng Crypto at Market Trends

Is MATIC undervalued? New data indicates…

Tech　　Undervalued ba ang MATIC？ Ipinapahiwatig ng bagong data…　　4 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Polygon [MATIC], a blockchain protocol that has been experiencing significant growth and activity, has failed to see a commensurate increase in the price of its native token. This has led many to believe that MATIC was undervalued.　　According to Santiment‘s 5 June data, MATIC’s MVRV-Z score was low, indicating that it was in an underbought zone.　　Is MATIC underrated？　　Over the past month, MATICs price has declined from $0.99 to $0.88, showing a noticeable downward trend. This drop in price has raised concerns among investors and analysts.　　Alongside the decrease in price, MATICs trading volume fell as well, suggesting a reduced level of market participation and interest in the token. Similarly, the transaction count of MATIC waned, indicating less activity involving the token.　　Pinagmulan: Santiment　　The Polygon protocol itself has been experiencing a significant surge in activity. According to Token Terminal, the number of daily active users on Polygon increased by 29.5% over the past month. This uptick in user activity highlighted the growing adoption and utilization of the Polygon network.　　However, despite the increase in activity, the revenue generated by the protocol fell during this period. This raised questions about the sustainability

2023-06-06Industriya

Crypto Scams Will Only Get Worse With AI, Cardanos Charles Hoskinson Warns ⋆ ZyCrypto

crypto　　Ang mga Crypto Scam ay Lalala Lamang Sa AI, Nagbabala si Charles Hoskinson ng Cardano ⋆ ZyCrypto　　25 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Charles Hoskinson, the co-founder of Cardano, has sounded the alarm about the increasing threat of crypto scams, particularly with the advent of Artificial Intelligence (AI) technology.　　Speaking in a June 4 video, Hoskinson addressed the prevalence of scams in the cryptocurrency space where individuals impersonate prominent figures like him, Elon Musk, or Bill Gates to deceive unsuspecting victims into handing over their hard-earned crypto.　　The pundit shared a recent video from Nvidia, a leading technology company, demonstrating their advancements in generative AI. The video showcased the ability to create realistic video game graphics and generate lifelike human images using AI technology. Hoskinson expressed his worry that this rapidly evolving technology could be used to manufacture videos and audio, making it appear as if he is soliciting money or offering investment opportunities.　　The crypto millionaire warned that scammers could leverage generative AI to create convincing content, leading thousands of people to fall victim to these sophisticated scams. Despite his efforts to educate and raise awareness about scams, Hoskinson predicted millions of dollars worth of cryptocurrencies, including ADA, would be stolen in

2023-06-06Industriya

Price still stable for crypto Bitcoin and Ethereum

Bitcoin crypto Ethereum　　Price still stable for crypto Bitcoin and Ethereum　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　It has been almost three months now that the price of the Bitcoin and Ethereum crypto assets appears to be fairly stable.　　Following the rebound at the beginning of the year, which followed the bottoms of the last bear-market, a long phase of lateralization was triggered and is still ongoing.　　Bitcoins price trend　　As far as BTCs price trend is concerned, the bottom of the last bear-market was reached in November 2022, when the price fell as low as $15,500.　　By early 2023 it had risen only just above $16,500, so with a mini-rebound that simply served to keep it from staying on the lows.　　However, in the first two and a half hearty months of the year it had risen a lot, even fairly quickly, to over $27,000 on 17 March. Since then, however, it has practically done nothing but lateralize around this level.　　No less than three attempts to break through the $28,000 wall have occurred, but all three ultimately proved unsuccessful.　　The first, around 10 April, was the most successful, as the price went as high as even over $31,000, but it lasted only about ten days, as

2023-06-06Ethereum

Bitcoin open interest grows $500M in 24 hours, highest level since SVB collapse

Bitcoin　　Ang bukas na interes ng Bitcoin ay lumalaki ng $500M sa loob ng 24 na oras, pinakamataas na antas mula noong bumagsak ang SVB　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Mabilis na Kumuha　　A futures contract is an agreement between two parties to buy or sell an asset (in this case Bitcoin) at a predetermined price at a specific future date. These are used for hedging risk or speculating on price changes.　　Open interest is the total number of these contracts that are currently “open” — that is, contracts that have been created but have not yet been exercised, offset, or delivered.　　In the past 24 hours, we have seen a 7% surge in futures open contracts, currently at 449,000 Bitcoin, equivalent to roughly $500 million, according to Coinglass data.　　This surge in open interest is coming from Binance, which currently has 158,000 Bitcoin in open interest contracts.　　This suggests volatility could be on the horizon, which the crypto market has been short of lately. According to Kaiko research, Bitcoin long-term volatility has been steadily declining since November 2022 and hit its lowest level in more than two years.　　Sa karagdagan, SEC sues Binance for breaching securities law. Following the news, the market has seen $50

2023-06-06Bitcoin

VanEck Predicts Ethereum (ETH) To Reach $11,800, Here’s When

Ethereum　　Hinulaan ng VanEck ang Ethereum (ETH) na Aabot sa $11,800, Narito na　　5 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Meanwhile, ETH hasnt shown any noteworthy spike in the past weeks aside from a 1.7% decrease over the past 7 days. The second crypto asset by market capitalization has also declined nearly 2% in the past week. And over the past 24 hours, ETH has seen a 1.8% loss in value.　　ETH price moving sideways on the 4-hour chart. Source: ETH/USD on TradingView.com　　At the time of writing, Ethereum currently trades at $1,870. ETHs trading volume has also plummeted significantly from $8.2 billion earlier last week to $5.4 billion in the past 24 hours indicating less trading activity in the Ethereum Market.　　In contrast, the ETH‘s market capitalization has seen a more than $4 billion loss in the past 7 days. While BTC’s market cap has plunged from $228.3 billion last Tuesday to $224 billion as of today.

2023-06-05Ethereum

Ethereum Bearish Signal: Profit-Taking Transfers Spike

Ethereum　　Ethereum Bearish Signal: Mga Paglipat ng Profit-Taking na Spike　　5 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　On-chain data shows the Ethereum profit-taking transactions have surged recently, a sign that could be bearish for the assets price.　　Ethereum Profit-Taking Volume Has Spiked To Highest Levels Since January　　Ayon sa data mula sa on-chain analytics firm Santiment, a large amount of profit-taking seems to have been going on in the Ethereum market recently. The relevant indicator here is the “ratio of on-chain transaction volume in profit to loss,” which, as its name already suggests, tells us about how the profit-taking transfers currently compare with the loss-taking ones.　　The indicator separates these two volumes by looking at the on-chain history of each coin being sold/moved to see what price it was last sold at. If this previous price for any coin was less than the price that its now being moved at again, then the metric naturally counts this sale inside the profit-taking volume.　　On the other hand, the last selling price being more implies that the coin is being sold at a loss, and hence, the indicator adds its movement to the loss-taking volume.　　Now, here is a chart that shows the trend in this ratio for Ethereum

2023-06-05Ethereum

Ethereum (ETH) Might Reach $11,800, VanEck Predicts When

Ethereum　　Ethereum (ETH) Might Reach $11,800, VanEck Predicts When　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Global investment manager VanEck predicts that the price of ETH will reach $11,800 in 2030 and that ETH will become a competitor to U.S. Treasury bonds.　　VanEck discounted Ethereum at 12% to calculate its value in current dollars, finding that in the base case, the discounted price today is $5,359.71.　　VanEck, which manages a $69 billion ETF, predicts that the price of ETH will reach $11,800 in 2030, and ETH will become a competitor of U.S. Treasury bonds. The specific valuation methods are cash flow forecast and FDV calculation. 　　This is stated in a report written by Matthew Sigel, head of digital assets, and Patrick Bush, a research senior investment analyst for digital assets.　　In this report, VanEck presents the results of its analysis and offers a clear valuation methodology for Ethereum, taking into account transaction fees, MEV and “security as a service.”　　Additionally, it evaluates market share across key sectors and investigates Ethereums potential as a store of value in the burgeoning cryptocurrency market.　　VanEck projects that by 2030, ETH network revenue will have increased from a yearly average of $2.6 billion to $51 billion. This is predicated on the

2023-06-05Ethereum

Large Buying On The Ethereum Order Book Could Signal A Bottom, According To Avorak

Ethereum　　Large Buying On The Ethereum Order Book Could Signal A Bottom, According To Avorak　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Cryptocurrencies are volatile assets that experience lots of fluctuations influenced by various market events. As such, reliable indicators are hard to find when trying to profit in the crypto market.　　Ethereum is among reliable digital assets that investors all over the globe are developing interest in. According to Ethereums order book, large buy amounts have been recorded, and experts believe this could signal a bottom for the crypto asset.　　Avorak is an effective platform that traders can use to understand the market through informed analysis. The project offers tools that provide insights on market behavior and come up with accurate trading signals.　　What is Ethereums Price Prediction？　　A cryptocurrency order book lists all buy and sell transactions linked to a specific crypto asset on a decentralized exchange. The order book displays the cryptocurrency amounts traders are willing to trade or buy at various price levels.　　Ethereums order book has shown significant buy amounts, and according to Avorak, an advanced research platform, this could signal a bottom.　　Ethereum‘s price has been steady amid the volatile market and shows signs of being a reliable, profitable investment in

2023-06-05Ethereum

Ethereum whales’ holdings hit new ATH as price slips further

Ethereum　　Ang mga hawak ng Ethereum whale ay tumama sa bagong ATH habang ang presyo ay lalong bumababa　　6 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereum‘s (ETH) price has struggled to keep up over the past two months as the global crypto market cap plunged by roughly $150 billion. As the price dropped, the top 10 non-exchange ETH addresses’ holdings touched a new all-time high (ATH).　　According to data from the market intelligence platform Santiment, the top 10 ethereum whales hold roughly $59.47 billion worth of ether — 31.8 million ETH. This move comes as more users move into “self-custody and DeFi options,” per Santiment.　　Moreover, as the whales advance, data shows that only 7.29 million coins stay inside the top exchange addresses, worth around $13.65 billion at the time of writing.　　ETH price – June 5 | Source: Trading View　　The whale moves come as ether drops further. The second-largest cryptocurrency is down by 1.48% in the past 24 hours.　　Ethereum is trading at around $1,870 at the time of writing. It has declined by 1.4% over the past month and has witnessed a 0.78% fall in the last 60 days.　　On the other hand, ethereums 24-hour trading volume has skyrocketed despite the uncertain market conditions. It

2023-06-05Ethereum

Uncategorized Bitcoin Ordinals Sold for $2.7M; Boom in NFT Market

Bitcoin NFT　　Uncategorized Bitcoin Ordinals Sold for $2.7M; Boom in NFT Market　　Balita ng Ethereum ng Bitcoin　　Bitcoin NFTs witnessed a massive increase in sales. Its sales went up to $34.97 Million, claiming the second spot among popular NFT blockchains.　　Bitcoins revenue made up 17.31% of global NFT collection which stands at $202.22 Million. Bitcoin blockchain is now the second-largest contributor when the reference period is weekly sales volume.　　On the Top of the List Is Ethereum 　　Ethereum claimed the first spot yielding approximately $123.17 Million, followed by Bitcoin and other known NFT benefactors like Solana, Mithos, and Polygon .　　Last weeks top performer was Ethereum-based Bored Ape Yacht Club (BAYC) with $17.06 Million in sales.　　Apart from the above, the other Ethereum-based NFT collection, ‘Azuki’ was also ranked in the list as it generated $13.75 Million in sales.　　Following these NFTs were Mutant Ape Yacht Club (MAYC) with $8.5 Million sales and OXBT BRC20 with $8.32 Million sales.　　The increase in global NFT sales can be explained by an increase in the number of buyers in the market. As per reports, 724,193 buyers participated in NFTs weekly sales. A 37.45% increase was recorded compared to its previous week reports.　　Stated that, 21 blockchains in the crypto market all together

2023-06-05Bitcoin

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