Analysis Daily TheBitTimes.com

The communities’ interest in decentralization continues to rise and various projects build based on hopes to meet these demands. One such project Linear Finance, a non-custodial, cross-chain compatible, delta-one asset protocol, aims to democratize users’ access to various investible assets as part of their long-term DeFi vision.  Moreover, Linear claims that as a DeFi protocol with ‘deep aggregated liquidity’ and the platform’s peer-to-peer contracts allow users to mint synthetic assets aka Liquids. Apart from providing users access to various assets with enhanced features, Linear Finance also hopes to become a reliable gateway with the adoption of cryptocurrency. Before we dive further into the native token of Linear Finance LINA’s price analysis and forecast for the years 2023, 2024, 2025, 2026, until 2050, let’s first understand Linear Finance.    Table of contents Linear Finance (LINA) Market Overview What is Linear Finance (LINA)? Linear Finance (LINA) C...

VeChain ( VET ) is involved in several development initiatives and projects. The recent announcement of “The HiVe” event has attracted attention from the Web3 community. The team has been regularly providing updates on their ongoing developments throughout 2023, and they have multiple upcoming projects in progress. On March 6, 2023, they released a new whitepaper and revealed details about the new VET 3.0 protocol. Also read: Dogecoin’s Chart Analysis Points to an Impending Volatility Explosion In one of their latest announcements, the team has also unveiled the details of their new web3-as-a-service platform, the VORJ. According to the latest details, the team is all set to explore the AI industry while exploring OpenAI to implement human-readable decoded contracts. What is VeChain? VeChain was founded in 2015 by Sunny Lu and Jay Zhang. Sunny Lu, the former chief information officer (CIO) of Louis Vuitton China, played a key role in its founding. VeChain is a block...

Analysis platform Lookonchain shared in a Twitter post earlier this morning that the blockchain building company Hashed recently transferred millions of The Sandbox (SAND) tokens to an exchange. According to the post, the company sent a deposit of 23.13 million SAND, equivalent to $12.9 million to Binance. Note that Hashed(@hashed_official) deposited 23.13M $SAND ($12.9M) into #Binance 30 mins ago.https://t.co/1S6bNoumav pic.twitter.com/U5WgmzmfRu — Lookonchain (@lookonchain) May 30, 2023 Meanwhile, SAND was worth about $0.5506 at press time after the crypto experienced a 1.01% price increase over the past day, according to CoinMarketCap. As a result, SAND was trading between its daily high of $0.5598 and its 24-hour low of $0.539. The altcoin’s price increase allowed it to strengthen against the two market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 1.33% and 0.77% respectively. In addition to this, the crypto’s daily performance pushed its weekly perfo...

May 29, 2023 at 10:04 // Price Author Coin Idol Ethereum price (ETH) is rising as it crosses the moving average lines. The rally was short-lived as the price was stopped at the $1,920 barrier. At the resistance level, the market was overbought, making further price movement unlikely. Long-term analysis of the Ethereum price: bearish However, in a market that is moving up quickly, Ether will recover and start moving. The target price or psychological price level of $2,000 will be reached. However, the biggest altcoin is moving back above the moving average...

Data analytics platform Glassnode reported that the Bitcoin transfer volume sent by long-term holders in profit has experienced a noteworthy rise year-to-date (YTD), surging from $25 million to $489 million, marking an almost 2000% increase. Transfer Volume sent by Long-Term Holders in Profit has recorded a significant ascent YTD, increasing from $25M to $489M, a near 2000% increase. However, profitable transfer volume remains $1.24B (-71.4%) below the peak of $1.74B, experienced across the 2021 Bull Market. pic.twitter.com/bAoPzsIgdo — glassnode (@glassnode) May 27, 2023 Nevertheless, the current profitable transfer volume for BTC stands at $1.24 billion, which is 71.4% lower than the peak of $1.74 billion witnessed during the 2021 Bull Market. Bitcoin Transfer Volumes by long-term holders in profit by Glassnode Meanwhile, upon examining the breakdown of the Bitcoin long-term holder (LTH) spending by age cohort, Glassnode expressed that it becomes apparent ...

The crypto market noted a mild recovery over the past day. Top assets like Bitcoin and Ethereum were borderline trading in green on Friday, May 26. Most other top assets followed the cues of the leaders and reflected gains under 0.5% each. At press time, the global crypto market cap was up to $1.1 trillion, after noting a 0.4% bump in 24-hours. Shiba Inu’s price has remained almost unchanged over the last day. At the moment, there’s no clear-cut bias in the market, for both bulls and bears seem to be hibernating. However, a new month is just around the corner and participants expect the state of affairs to change. So, in this article, we’ll analyze what to expect from SHIB’s price on June 1, based on on-chain data and the insights of an AI-prediction model. According to PricePredictions, SHIB will likely hover around $0.000008544 on June 1, 2023. This marks a slight decline in when compared to its current trading value of $0.0000086. Thus, according to the AI Price model, SHIB’s pri...

Early positive momentum pushed the Sui (SUI) price to a new 24-hour high of $0.9938 before it ran into selling pressure. As the bull’s vigor faded, the Sui bears took market control and effectively dropped the price to a 7-day low of $0.9483, where support was formed. Despite the bulls’ best efforts, the bears retained control of the Sui market as of press time, resulting in a 1.99% drop from its previous close of $0.9668. The market capitalization of SUI fell 1.85% to $510,578,894, while the 24-hour trading volume increased by 1.37% to $225,287,618. This action implies that traders are buying the dip, hoping to profit from the market’s downward trajectory. SUI/USD 24-hour price chart (source: CoinMarketCap) The Relative Strength Index (RSI) on the SUI/USD 4-hour price chart is 27.06 and is moving below the signal line, showing the market’s negative momentum. However, a positive reversal is probable since the RSI is in the oversold range (...

They are the two pillars on which the industry is currently standing. Ethereum (ETH) and Bitcoin (BTC) have become two names synonymous with crypto and have risen to prominence as networks that are rivaled by few. Yet, with one clearly in front, could Ethereum ever truly overtake Bitcoin?  For anyone who has ever embraced blockchain technology or even inquired about it, these are probably the first two names you have heard. Yet, for as prominent as they both are, Bitcoin remains the standard bearer as the highest-priced crypto on the market. However, as Bitcoin and Ethereum remain the top two cryptocurrencies by market cap, could a change of guard ever truly take place? Could a Flip Ever Happen? Source: The Street Ethereum is a protocol developed by Vitalik Buterin that has been among the most popular in the industry. Moreover, it has consistently been building on its own infrastructure and ecosystem to develop a highly sought-after blockchain network.  Alternatively, Bitco...