Cryptocurrency

KYVE is entering its expansion era, introducing an enhanced web app packed with new features and collaborations to support users and unlock multi-network potential. From experienced developers to crypto newcomers, the platform aims to make it easier for users to jump in, contribute, and benefit as part of KYVE’s mission to make blockchain data accessible to all. The latest updates are meant to make it easier for users of all levels to engage with KYVE’s ecosystem, fostering cross-network collaboration and data support across diverse blockchain platforms.What’s New?What This Means for UsersWith these new features, KYVE is unlocking a wide range of opportunities for users to support the future of blockchain data scalability while earning rewards across multiple networks. The updated web app is designed to accommodate both experienced blockchain developers and newcomers, KYVE’s new web app enhancements are designed to support contributions to the platform’s mission of preserving historical chain data while providing value to participants.As KYVE expands its solutions to more ecosystems, the focus remains on providing streamlined access, empowering users to play an active role in supporting blockchain scalability and data preservation. KYVE is dedicated to ensuring that all blockchains receive the data support they need to thrive and that all types of users can take part in this mission.About KYVEKYVE Network is a decentralized data management solution that provides specialized tools for data archiving, validating, and accessing blockchain data. KYVE’s protocol ensures that only accurate historical data from a blockchain is made immutable and easily accessible for all.As a result, KYVE allows other chains to decentralize their historical data and overall data accessibility management and provides essential tooling to access this data, enabling enhanced scalability of chains and ecosystem development.KYVE is one of the most supported blockchains in the space, backed by Arweave, Ava Labs, Solana Foundation, Interchain Foundation, Moonbeam, TheGraph, Parity Technologies, Composable Finance, Zilliqa, Mina Foundation, Aurora, and NEAR Foundation. As well as VCs such as Hypersphere Ventures, Coinbase (NASDAQ:COIN) Ventures, Distributed Global, Mechanism Capital, CMS Holdings, IOSG Ventures, and others.‍ContactHead of MarketingMargaux StancilKYVEmargaux@kyve.networkThis article was originally published on Chainwire More

The trader has expressed his bullish views on the meme coin and its price chart before. Not earlier than yesterday, DonAlt in a post on X suggested that Dogecoin could expect another wave of growth, if we consider the first period when the DOGE price rose from $0.11 in October to $0.40 by mid-November.If we assume that the next wave of growth will at least be half as big as the first, we can easily assume that Dogecoin will not only renew its high price but will finally cross the long-awaited and cherished mark of $1 per DOGE. In addition, the trader noted the commitment to consolidation followed by an upward move in DOGE on small time frames, such as the hourly. The Dogecoin price has pulled this kind of trick twice already, and the third consolidation is forming right here and now. As recently as yesterday, the price of BTC reached another peak of $93,905 on Binance. It seems that Bitcoin updates all-time highs so frequently that the reaction to this event, previously considered extremely rare, surprises few people.This article was originally published on U.Today More

UpVsDown.com Prediction Platform Leads the Way as PlayBlock Takes Center Stage in the Blockchain World Playnance proudly announces the official listing of its groundbreaking blockchain, PlayBlock, on DappRadar, the premier tracking platform for decentralized applications (dApps). Just weeks after its launch, PlayBlock has achieved the remarkable milestone of being ranked #8 globally in daily transactions and daily turnover, solidifying its position as one of the most dynamic blockchains in the world. From Polygon Powerhouse to Global Contender PlayBlock’s success reflects a seamless transition from operating on the Polygon blockchain—where it contributed an extraordinary 15% of Polygon’s daily transactions—to establishing itself as an independent Layer-3 blockchain. Now, PlayBlock is driving unparalleled growth: What’s Next (LON:NXT) for Playnance? PlayBlock’s DappRadar listing signals a new era of transparency and growth for the ecosystem. With UpVsDown.com leading the charge, Playnance aims to expand its influence through innovative partnerships, cutting-edge dApps, and a user-centric approach that bridges Web2 and Web3. About PlaynanceBased in Ramat Gan, Israel, with offices in Dubai, UAE Playnance is a comprehensive Web3 ecosystem designed to empower users with blockchain solutions for trading, gaming, and decentralized finance. Powered by its Layer-3 blockchain, PlayBlock, and anchored by its leading dApp, UpVsDown.com, Playnance is driving the mass adoption of Web3 technologies worldwide. For more information on PlayBlock and the Playnance ecosystem, users can visit playnance’s official website, explore UpVsDown.com & track playnance’s progress on DappRadar.ContactCEOPini PeterPlaynancepini@playnance.comThis article was originally published on Chainwire More

Shibetoshi Nakamoto shared charts showing Bitcoin and Dogecoin riding a green wave, while Ethereum is sinking into the red zone.However, since then, ETH has dropped twice to the $3,080 area and is currently changing hands at $3,127 per coin.Unlike Ethereum, the flagship cryptocurrency, Bitcoin, has been showing a clear rising trend over the same recent period. It features highs and lows but overall rose by 7.13% by Tuesday to hit $93,975. By now, the pioneer crypto has rolled back a little and is trading at $93,308.As for Dogecoin, between Sunday and Tuesday, the iconic meme cryptocurrency showed an increase of nearly 21%, soaring from $0.34 to the $0.42 local high. The pullback printed by DOGE by now constitutes 6.59%, and the meme coin is trading at $0.39243.Looking at Ethereum’s weaker price performance compared to Bitcoin and Dogecoin, Markus criticized Vitalik Buterin’s brainchild, saying: “Is Ethereum retarded or something?”The analyst pointed out that whales have purchased more than $1.4 billion worth of Ethereum in the past few weeks, preparing for that potential surge.Martinez tweeted that Ethereum is currently forming an ascending parallel channel, suggesting that ETH is targeting the middle and then the upper boundary of it, which sit at $4,000 and $6,000.This article was originally published on U.Today More

(Reuters) – Bitcoin rose to a record high above $94,000 as a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration.Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled this year. It was last at $93,521 on Wednesday, having hit a high of $94,078 in early Asian trading hours. The Financial Times said Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, which is backed by NYSE-owner Intercontinental Exchange (NYSE:ICE).”Trump’s seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office,” said Stéphane Ouellette, chief executive officer of crypto trading firm FRNT Financial.Earlier this week, the Wall Street Journal reported Trump was meeting privately with the crypto exchange CEO Brian Armstrong, further aiding sentiment.Cryptocurrencies have soared since the Nov. 5 U.S. election as traders bet President-elect Trump’s promised support for digital assets would lead to a less restrictive regulatory regime.Options trading over BlackRock (NYSE:BLK)’s spot bitcoin ETF on the Nasdaq made a strong debut on Tuesday with a bullish call-to-put ratio of 4.4:1, according to QCP Capital.”We expect these options to be popular and, in turn, may positively influence trading volumes of these ETPs (exchange traded products) as the underlying,” said Kenneth Worthington, analyst at J.P.Morgan.The growing excitement has taken the global cryptocurrency market’s value above $3 trillion to a record high, based on analytics and data aggregator CoinGecko.U.S. spot bitcoin exchange traded products have attracted about $4.2 billion in inflows since Trump’s election victory, about 15% of the total inflows since the products were launched on U.S. stock exchanges in January. Chris Weston, head of research at Australian online broker Pepperstone, said there is real underlying buying pressure for bitcoin, and “another kick higher should bring in a fresh chase from those who like to buy what’s strong”. More

But major altcoins retreated for the day, as risk appetite was dented by increased tensions between Russia and Ukraine. Bitcoin’s pace of recent gains also slowed as markets awaited more tangible cues on policy under incoming President Donald Trump. Bitcoin rose 0.6% to $92,074.4 by 00:13 ET (05:13 GMT). The world’s biggest crypto hit a record high of nearly $94,000 earlier in the day. Bitcoin rose sharply over the past two weeks, with gains sparked largely by Donald Trump’s victory in the 2024 presidential election.Trump had promised crypto-friendly regulations, ramping up hopes that such a scenario will draw more institutional capital into crypto. Bitcoin exchange-traded funds saw heavy inflows since Trump’s win.But focus was now on just what Trump’s policies will entail for crypto, with the president-elect set to take office in about two months. Sentiment towards Bitcoin was also boosted by MicroStrategy Incorporated (NASDAQ:MSTR), the world’s biggest corporate holder of the coin, buying a record high $4.6 billion of the coin in the past week. MicroStrategy CEO Michael Saylor indicated that the company will keep buying more coins, issuing more debt to fund its purchases. But despite Bitcoin’s resilience, broader crypto markets retreated on Wednesday, as risk appetite was dented by increased tensions between Russia and Ukraine, especially as Moscow lowered its threshold for nuclear retaliation.Risk appetite in stock markets was also seen faltering, as investors hunkered down before closely-watched earnings from market darling NVIDIA Corporation (NASDAQ:NVDA), due later on Wednesday.In crypto, strong gains in the past two weeks also saw most altcoins subject to some profit-taking. World no.2 crypto Ether fell 0.8% to $3,110.35.SOL, XRP and MATIC fell between 0.7% and 2%, while ADA rose 5%, albeit amid slim trading volumes.Among meme tokens, Dogecoin fell 0.4%, although it still remained in sight of a three-year high hit earlier in November, after Trump’s victory.Trump referenced the token with the formation of the Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, adding to the social media buzz around the popular meme token.  More

Once a difficult target, the $90,000 level is now a possible area of support for the cryptocurrency. Investors anticipate that the $100,000 mark will be the next significant psychological and technical barrier. Bitcoin may set the stage for a much bigger rally if it can sustain its current momentum and successfully break through this level. Such breakouts frequently result in exponential growth, according to historical data, particularly when paired with a robust macroeconomic environment and growing adoption. On the down side, Bitcoin must remain above $85,000, a crucial support level.A brief retracement that tests lower supports around $75,000 could result from any breach of this level. The market structure is still bullish overall, though, and declines may present chances for additional accumulation. With Bitcoin surpassing its previous peak, the market is overwhelmingly in a positive mood. Given that the asset seems to be solidifying its standing as a trustworthy store of value long term, investors are especially upbeat. The goal for Bitcoin traders should be to hold onto the current support levels and keep an eye on the approach to the $100,000 mark, which might serve as a doorway to even greater heights. A plethora of investors sought to profit from Shiba Inu’s exponential growth during its meteoric rise in 2021. This led to a situation where a sizable amount of SHIB’s inventory is currently in retail wallets. These holders usually sell to lock in profits when prices try to rise, which continuously opposes upward momentum. The chart provided illustrates SHIB’s difficulty in breaking through the $0.000026 level, which has emerged as a significant short-term resistance. The trading volume has drastically dropped, indicating less buying pressure even though the 50-day EMA is still offering some support. Furthermore, traders’ lack of enthusiasm is reflected in the Relative Strength Index (RSI), which remains in neutral territory. Shiba Inu does have a basis for a possible recovery in spite of these difficulties. In addition to the tokens’ continued strong brand recognition, its sizable community is still active. SHIB may see a resurgence of interest if the overall cryptocurrency market stays bullish, particularly if it breaches significant resistance levels.Such volume spikes have historically come before significant price movements, and Solana’s recent performance indicates that it may maintain this bullish trend. Technically speaking, the recent breakout of Solana above the $200 resistance has created the conditions for additional upward movement. If buying pressure does not increase, $300 the next significant resistance level that corresponds with historical price zones might serve as a barrier.The value of $200 is currently a crucial support level on the downside, giving Solana’s price a base in the event of a decline. The amounts of $175 and $150 are two other noteworthy support levels; these were previously hot spots for buyers and might draw bids if the price corrects. Solana is in overbought territory according to the RSI, which may indicate a brief cooling-off period.Nevertheless, the overall trend is still bullish, bolstered by rising EMAs and robust market sentiment. Investors can determine whether the rally is sustainable by monitoring volume levels. While persistently high volumes would support the argument for a continuous push toward $300, a decline in volume might indicate waning momentum.This article was originally published on U.Today More

In the recent X post, Schiff challenged Saylor’s view of Bitcoin as “digital energy.”Schiff questioned the practicality of this description, asking how Bitcoin could ever generate power. He argued that the digital asset is more speculative than a resource capable of producing tangible energy or utility.Schiff strengthened his argument by contrasting Bitcoin with crude oil. He emphasized that crude oil is irreplaceable in sustaining industries and human survival. Also, he warned that its absence could lead to mass starvation.Schiff then posed a rhetorical question: “If Bitcoin disappeared, what critical function would it leave behind?”Industry figures like “Rich Dad Poor Dad” author Robert Kiyosaki share Saylor’s view, praising Bitcoin’s value and urging traders to consider investing. Kiyosaki consistently highlights Bitcoin’s potential as a hedge against economic instability and an essential asset for financial growth.However, Schiff views these narratives as misleading attempts to elevate Bitcoin’s status without addressing its practical limitations. Schiff’s critique underscores a broader ideological divide within the financial world. While Bitcoin advocates like Saylor highlight its potential to transform finance, critics like Schiff doubt its practical use and sustainability. These divided views reflect ongoing debates about Bitcoin’s true value and purpose.This article was originally published on U.Today More