Written by: Simon, a crypto analyst from Footprint Analytics, focus on blockchain data such as DeFi, NFT, GameFi. Data source is Footprint Analytics. Although “gaming” is the first part of GameFi, “finance” is the main reason for its rapid growth. GameFi is still in the early stages...
The U.S. Securities and Exchange Commission (SEC) has filed its opposition to Ripple’s motion to Strike Dr. Albert Metz’s supplemental expert report. However, the Commission requested a two-day extension to file this response. The SEC cited three main reasons why defendant’s motion should be denied. Ripple is set to file its reply by 24th March. Dr. Metz’s expert report is an analysis that determines specific announcements made by Ripple at the time of ICO affecting XRP’s price.
Stock-to-flow (S2F) model created by analyst PlanB had helped crypto investors make a more structured decision when betting on cryptocurrencies, considering the volatility in the crypto space. The model has historically correlated with the Bitcoin (BTC) price which makes it popular for predicting price based on its value in a period of time. With some people thinking the S2F is dead, PlanB announced in a tweet on Wednesday that BTC price is currently 60% below the stock-to-flow model. Also, as...
An Ethereum ($ETH) whale has scooped up over 271 billion Shiba Inu ($SHIB) tokens amid an ongoing accumulation of the meme-inspired cryptocurrency. The whale purchased its tokens for little over $6 million. According to whale monitoring service WhaleStats, which keeps tracks of the 1,000 largest whales on the...
Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. The fund will be used to develop the product, attract top talent and further grow the community. Ultiverse is working on connecting web3 with a VR-compatible virtual world that will be home to the first AAA blockchain game. As a first-of-its-kind MetaFi, Ultiverse’s tokenomics encourages mutually beneficial...
Bitcoin is still in what some refer to as the ‘early innings’ meaning that the value of the digital asset is far from where they believe it will be in the future. This has birthed some rather optimistic predictions for the digital asset. The latest of these predictions has come from BitMex co-founder Arthur Hayes who sees the pioneer cryptocurrency reaching as high as $1 million.
A widely-followed Cardano ($ADA) whale on social media has revealed they believe the total value locked (TVL) on the Cardano blockchain is “going into the billions soon” as more projects are launched on top of it. According to a tweet shared by ADA whale with its over 80,000...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice RUNE has climbed past the $6.56 level and could retest the $6-$6.5 area in search of demand on a bullish run toward $10 in the days or weeks to come. The $5 level was broken in early March, and that move north initiated a short-term rally. However, RUNE bulls have shown the stamina to push higher and past $6.5, which...
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