|All Time High:
|The price of #JST today is $0.034 USD.
The lowest JST price for this period was $0, the highest was $0.034, and the exact current price of one JST crypto coin is $0.03406.
The all-time high JST coin price was $0.23.
Use our custom price calculator to see the hypothetical price of JST with market cap of BTC or other crypto coins.
|The code for JUST is #JST.
JUST is 3.7 years old.
|The current market capitalization for JUST is $303,167,195.
JUST is ranked #180 out of all coins, by market cap (and other factors).
|There is a large daily trading volume on #JST.
Today's 24-hour trading volume across all exchanges for JUST is $44,960,782.
|The circulating supply of JST is 8,902,080,000 coins, which is 90% of the maximum coin supply.
|JST is well integrated with many pairings with other cryptocurrencies and is listed on at least 18 crypto exchanges.
View #JST trading pairs and crypto exchanges that currently support #JST purchase.
|Note that there are multiple coins that share the code #JST, and you can view them on our JST disambiguation page.
More JUST (#JST) News
|Ethereum Price Climbs Toward $3,200 And Bulls Are Just Getting Started
Ethereum price is outperforming Bitcoin with a move above $3,000. ETH is showing bullish signs and might soon climb above the $3,200 resistance.
Ethereum started a fresh increase above the $3,000 resistance zone. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its increase toward $3,200 or even $3,250 in the near term. Ethereum Price Outperforms Bitcoin
Ethereum price remained stable above the $2,880 support zone. ETH formed a base and started a fresh increase above the $3,000 resistance. It gained nearly 5% and outperformed Bitcoin.
A new multi-week high is formed near $3,121 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high. There is also a key bullish trend line forming with support at $3,080 on the hourly chart of ETH/USD.
Ethereum is now trading above $3,085 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,120 level. The first major resistance is near the $3,150 level.
Source: ETHUSD on TradingView.com
The next major resistance is near $3,200, above which the price might gain bullish momentum. If there is a move above the $3,200 resistance, Ether could even rally toward the $3,280 resistance. Any more gains might call for a test of $3,320.
Are Dips Suppo...
|Bitcoin Short-Term Holders Just Locked In $647 Million In Profits
On-chain data from Glassnode shows that the Bitcoin short-term holders have recently participated in a massive $647 million profit-taking event.
Bitcoin Short-Term Holders Have Realized Large Net Profits Recently
According to data from the on-chain analytics firm Glassnode, the short-term holders have given a strong reaction to the $52,000 break. The 'short-term holders' (STHs) here refer to the Bitcoin investors who bought their coins within the past 155 days.
Statistically, the longer an investor holds onto their coins, the less likely they become to sell at any point. The STHs have a relatively low holding time, so they easily sell during price rallies or crashes.
On the other hand, the 'long-term holders' (LTHs), which make up the rest of the userbase (that is, those withholding time greater than 155 days), tend to carry a strong resolve.
Since the STHs are fickle-minded, it's not surprising that they have made some selling moves after the latest rally in the asset. One way to gauge the reaction of this cohort is through the 'Net Realized Profit/Loss' metric.
This indicator keeps track of the net profit or loss the investors realize across the network. The metric finds this value by going through the on-chain history of each coin being transferred right now to check the price it was moved at before.
Assuming that a change of hands occurred in the previous transfer and that another such change is happening with the current one, then the coin's sale would realize a profit ...
|Bitcoin Blunder: Somebody Just Lost $170,000 In BTC Transaction Fee
A lucky Bitcoin miner just enjoyed another splash of profits thanks to an abnormally high fee paid by one of the network’s users.
Blockchain data shows that an unknown user paid 4 BTC ($172,000) in a transaction fee on Tuesday, dwarfing the amount actually needed to process the transfer.
A Costly Blockchain Mistake
According to mempool.space, the transaction itself only sent 2.9 BTC to the intended recipient, meaning the attached fee was over 133% the size of the transaction itself.
By the site’s metrics, the transaction was overpaid by a factor of 29,992x. Specifically, the user paid 1,800,890 satoshis per vByte (sat/vB) – a metric for calculating demand for Bitcoin block space at a given time. For that block, the standard transaction only paid roughly 60 sat/vB.
“When you're consolidating UTXOs make sure to actually consolidate them instead of turning one into a fee,” said Tomer Strolight, editor-in-chief for Swan Bitcoin, regarding the transaction in a post to X.
UTXO stands for Unspent Transaction Output, meaning an individual BTC transfer sitting separately within a user’s Bitcoin wallet. These transfers can be thought of as chunks of bitcoin that the user controls: some chunks are larger than others (comprising more BTC) and all of the chunks put together make up the user’s wallet balance.
Generally speaking, its best to avoid dividing one’s BTC into several small UTXOs – especially for economic reasons. When sending...
|The Bitcoin Bull Run is Just Beginning but 2024 Will Be Choppy: Arthur H...
Arthur Hayes, the founder and former CEO of BitMEX, believes the crypto market will have a 'choppy' 2024 as the traditional finance sector fully accepts Bitcoin (BTC) by adding the asset's properties to the existing system through the just-launched exchange-traded funds (ETFs).
In a recent blog post titled 'ETF Wif Hat,' Hayes stated that the bull season is just beginning, and amid the market turbulence, he expects the entire crypto complex to be at or above an all-time high by year-end.
A Choppy Year
Hayes' choppy 2024 prediction is with regard to price action. He admonished market participants wondering if the spot Bitcoin ETF listings last week marked the top of this bull cycle, asking them not to be 'dismayed' by BTC's price performance since the products began trading.
The BitMEX founder explained that central bankers and governments worldwide are creating reasons why 'the money printer must go brrr.' Once the deed is done, money will gush out, and the market will enter another leg of the bull run. One propelling factor in this case would be lawmakers leveraging the fear of a financial crisis to scare investors.
'Once the narrative is in place, and a sufficient crisis allows the politicians and bureaucrats to use the fear of a financial systemic collapse to frighten the public into accepting more destructive fiat debasement, money will gush out of central banks, and we will enter another leg up in the crypto bull market,' he said.
Inflation to Favor ETF Markets
From a l...
|Here's What Can Cause a Ripple (XRP) Price Rally This Year (Not Just the...
Financial expert Linda P. Jones discusses Ripple's XRP, advising patience for investors based on upcoming events.
Factors influencing XRP's value include Ripple's company developments, sector regulation, and market dynamics.
Various analysts provide diverse, bullish and bearish predictions for XRP's future price.
Ripple (XRP) to be Fueled by These Factors
Linda P. Jones - an author, wealth mentor, and speaker - recently touched upon Ripple's XRP and its chances to rally in the near future. She noted its not-so-impressive performance as of late but urged investors to be patient and await certain events that might have a significant impact on the asset.
Jones argued that the most important factor is the outcome of the Ripple v. SEC case. As CryptoPotato previously reported, the trial between the two entities is scheduled for April 23, 2024. Ripple seemingly has the upper hand after securing three major (yet partial) court wins last year.
The financial expert added that a potential Ripple IPO could also affect XRP's price. However, she warned that it could not go live before a final settlement between the company and America's securities regulator.
Implementing comprehensive rules in the crypto sector was outlined as the third essential element. In her view, regulation may be enforced in 2025, but XRP's price could react beforehand. Jones made an interesting prediction, claiming that 2024 would be the last year when memecoins would be able to explode ...
|Ethereum Layer 2 Networks Just Set A New Record
The total value locked (TVL) on Ethereum layer-2 networks recently hit a new all-time high in January, a testament to the continued adoption of Ethereum. Layer 2 networks sit on top of the Ethereum blockchain and help scale it by processing transactions off-chain before sending data back to the main blockchain.
According to data from L2BEAT, a layer-2 analytics platform, the TVL on these scaling solutions recently reached an all-time high of $21.16 billion, representing a 340% growth from the same day last year.
Ethereum Layer-2 Networks Hit New Milestone
2023 was a great year for Ethereum, as the altcoin and its scaling solutions registered a steady increase in TVL despite strong competition from other networks like Solana and Cardano. Data from L2Beat shows the TVL on these scaling solutions started in 2023 with $4.81 billion but grew steadily throughout to end the year at $19.98 billion dollars, a 315% growth.
This growth was particularly exacerbated in the last quarter of 2023 and continued into 2024. The TVL grew by $1.18 billion in the first three days of January to reach $21.16 on January 3, its current all-time high.
At the time of writing, the TVL is now at $20.41?billion, still up by 3.82% in the past seven days. A large fraction of this layer-2 TVL can be attributed to Arbitrum One, with the scaling solution currently having $10.05 billion worth of cryptocurrencies locked.
OP Mainnet, formerly called Optimism, is second with a current TVL o...
|Report: EU Represents Just 6% of Bitcoin Mining Hashrate, US Significant...
The countries in the European Union collectively account for 6% of the Bitcoin network's hashrate while the U.S. has emerged as the world's number one bitcoin miner, a new report has said. The economic bloc’s bitcoin mining prospects are however being hamstrung by geopolitical tensions and the region's energy dependence.
The EU's Bitcoin Mining Prospects
According to the latest Bankless Times report on bitcoin mining, the 28 countries comprising the European Union (EU) collectively account for 6% of the Bitcoin network’s hashrate. On the other hand, Ireland, whose 2023 gross domestic product (GDP) of $115 billion is nearly 160 times less than the European Union's GDP, accounts for 2% of the Bitcoin network’s hashrate.
Despite having the potential to increase its share of the Bitcoin network’s hashrate, the EU countries lag because they lack the infrastructure required to achieve this. Commenting on this as well as the report’s data, Alice Leetham from Bankless Times said:
The European Union has the capacity and ability to improve their hashrate. Mining is the current most profitable frontier in the crypto ecosystem. But for them to benefit, they have to lay ground.
The economic bloc’s prospects for bitcoin mining are however greatly impacted by geopolitical tensions and energy dependence. This, together with the general lack of regulatory frameworks to oversee mining, often leaves miners vulnerable and uncertain.
Meanwhile, the report's da...
|PancakeSwap's New Proposal Sparks a 21% Surge in CAKE Value in Just Hour...
The PancakeSwap community is proposing a reduction in the overall supply cap of its native token, CAKE. A newly unveiled proposal discussion on December 21st advocates for decreasing the total supply limit of the asset from 750 million to 450 million.
Given CAKE's consistent deflation over the past few months and its intensified focus on advancing towards ultrasound CAKE, this proposal aims to establish a maximum cap of 450 million for the token. The current circulating supply is around 388 million.
The 'Kitchen' team, responsible for managing the PancakeSwap platform, said it is confident that this lowered cap will be adequate to capture market share across all chains and sustain the veCAKE model.
Rationale for Adjustment
PancakeSwap community explained that there are several strong reasons for implementing this adjustment.
The proposal stated that when PancakeSwap was launched in 2021, the initial token supply was set to provide ample incentives for bootstrapping the ecosystem. With nearly three years of development, the team now possesses more accurate estimations of the incentives needed to achieve its growth targets.
Additionally, the total supply serves as a crucial metric in understanding the impact of token burns and future emissions. Reducing this number is important to achieve ultrasound CAKE and signal PancakeSwap's shift away from a hyperinflationary tokenomics model.
Furthermore, PancakeSwap deemed the new cap of 450 million CAKE to be reasonable to implement, en...
|AVAX Price Rallies 10% – Is Avalanche Rally Just Getting Started?
AVAX price rallied over 10% and traded above the $45 level. Avalanche is gaining pace and might soon clear the $50 resistance zone.
AVAX price is moving higher from the $38.00 support zone against the US dollar. The price is trading above $42.00 and the 100 simple moving average (4 hours). There is a major rising channel forming with support near $40.80 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $40 and $38 support levels. AVAX Price Could Extend Rally
After a downside correction, Avalanche’s AVAX found support near the $38.00 zone. A low was formed near $36.48, and the price started a fresh increase.
The price gained over 10% and broke many hurdles near $40. It even outperformed Bitcoin and Ethereum. There was a clear wave above the 76.4% Fib retracement level of the downward move from the $45.33 swing high to the $36.48 low.
AVAX price is now trading above $42 and the 100 simple moving average (4 hours). There is also a major rising channel forming with support near $40.80 on the 4-hour chart of the AVAX/USD pair.
Source: AVAXUSD on TradingView.com
On the upside, an immediate resistance is near the $45.40 zone. The next major resistance is forming near the $46.80 zone. If there is an upside break above the $45.40 and $46.80 levels, the price could surge over 10%. In the stated case, the price could rise steadily toward the $50 level or even $52.
Dips Supported in Avalanche? If AVAX price ...
|Pandoshi Raises $750,000 in Just 2 Weeks of Public Sale
[PRESS RELEASE - London, United Kingdom, December 20th, 2023]
In the ever-evolving cryptocurrency market, a newcomer named Pandoshi is quickly becoming known for its unique methods and rapid success in previous fund raising rounds.
Gaining fast recognition within the cryptocurrency community, Pandoshi has already attracted significant investment, demonstrating the confidence that the community has in its future. This venture is notable for its distinctive features and its ambitious goal to revolutionize the decentralized finance (DeFi) space.
Presently, Pandoshi is progressing through the third stage of its presale and is gearing up to enter the fourth stage. The next stage will bring an increase in the token's price, marking a crucial milestone for both the project and its investors.
At first sight, Pandoshi might be misconceived as a meme coin, but it's far from it. In fact, it represents a fully autonomous and decentralized ecosystem. The whitepaper of the project exhibits a high degree of professionalism and technical expertise. Fundamentally, the project is committed to principles of decentralization, financial privacy, and empowering the community to have influence over the project's direction.
Pandoshi distinguishes itself with a diverse ecosystem and a strong focus on decentralization, privacy in finance, and governance driven by its community. Here are the key aspects that make it unique:
Layer-2 Network: A Layer-2 network that utilizes a Proof of Stake protocol, of...
|ETHW Core Team Dissolved Just Weeks After Pleading for Funds to Maintain...
The Ethereum Proof of Work (ETHW) core development organization has been dissolved to help the protocol achieve full autonomy. In late November, the ETHW team pleaded for $200,000 in funding to maintain servers and recruit part-time engineers. ETHW Core team's development approach has been criticized. Upholding PoW as the Chain's Consensus
On Dec. 18, the Ethereum Proof of Work (ETHW) core development organization was dissolved to help the protocol achieve full autonomy. A statement released by an ETHW core team member said the decision, which allows ETHW to operate independently without the Core’s support, followed 'in-depth discussions and [was] based on a majority consensus.'
Explaining the rationale behind the decision, the ETHW core team claimed that this has been its commitment since forking from the Ethereum blockchain in September 2022. Besides the dissolution, the core team also resolved to uphold proof of work 'as the underlying consensus for the chain' as well as maintaining it over the long term.
'The existing servers will be temporarily transferred to Onedao for transitional maintenance until long-term ecological partners are identified,' the core team added.
After emerging from The Merge, the team behind ETHW endorsed turning the protocol into 'an all-in-one ecosystem decentralized autonomous organization (DAO)' among other changes. Despite this and subsequent attempts to improve it, the protocol nonetheless began having trouble raising funds to keep the ...
|This Asset Manager Just Joined the Bitcoin Spot ETF Race, But There's a ...
7RCC Global, an asset management firm focused on environmental, social, and governance (ESG) investing, has joined the race for a Bitcoin spot exchange-traded fund (ETF) in the United States.
According to a Form S-1 filing with the U.S. Securities and Exchange Commission (SEC), the 7RCC Spot Bitcoin and Carbon Credit Futures ETF will provide ESG investors access to the digital asset and blockchain technology.
A New Bitcoin Spot ETF Applicant
7RCC's ETF is one of a kind in that it will hold a combination of 80% BTC, and the remaining 20% will obtain exposure to Carbon Credit Futures, unlike other spot Bitcoin ETFs on the SEC's desk. The product is designed to reflect the daily changes in BTC's price and the value of Carbon Credit Futures, as represented by the Vinter Bitcoin Carbon Credits Index.
The index is linked to the value of emissions allowances issued under several cap-and-trade regimes, including the California Carbon Allowance, the European Union Emissions Trading System, and the Regional Greenhouse Gas Initiative.
The alternative investment manager warned that shares of the fund may trade at a discount from their net asset value as they have no history of public trading. There is also no guarantee that the product will achieve its investment objective as it involves risks similar to those directly invested in BTC or Carbon Credit Futures.
The sponsor of the new fund is ETF investment and technology platform Tidal Investments. The firm will facilitate the creation, o...
|Shiba Inu Just Spiked 12% Overnight – What's The Next Move?
People who are interested in investing in cryptocurrencies are shifting their attention to possible chances in the market as the holiday season draws near. As a noteworthy option for seasonal gains, Shiba Inu (SHIB) has a distinctive combination of appeal, volatility, and prospective returns.
Lead developer of Shiba Inu, Shytoshi Kusama, recently provided insight into the meme coin's endeavors as it progresses in the cryptocurrency space.
Kusama Unveils Shiba Inu Community's Ingenuity
Kusama, a well-known figure in the cryptocurrency sector, provided some new perspective into the remarkable efforts made by the Shiba Inu community to improve the token's complex economics through an engaging series of social media posts.
The thriving and dynamic community that supports SHIB has shown an unwavering dedication to increasing the Shiba Inu token's overall value and utility.
Through his posts, Kusama revealed a patchwork of projects that aim to strengthen the Shiba Inu ecosystem, from creative staking techniques to decentralized apps (DApps).
The focus on community involvement in tokenomics development demonstrated a shared goal of establishing Shiba Inu as a strong and long-term digital asset.
At the time of writing, SHIB was trading at $0.000010, making a surprise increase of 13% in the last 24 hours, and sustaining a 9% gain in the last seven days, data from Coingecko shows.
The announcement by the Shiba Inu (SHIB) community to burn billions of tokens in the near future cl...
|More Crypto ETFs? This Firm Just Filed For a Bitcoin Buffer Fund
This season appears to be one for cryptocurrency exchange-traded funds (ETFs) as multiple traditional finance companies seek regulatory approval to introduce more to the market.
First Trust is the latest asset management firm that wants to create another Bitcoin ETF. However, the company is not looking to launch a spot product like others but a buffer fund.
First Trust to Launch Buffer Bitcoin ETF
According to a December 14 Form N1-A filing with the United States Securities and Exchange Commission (SEC), First Trust has applied to launch the First Trust Bitcoin Buffer ETF to help investors protect themselves against the risk of downside loss while staying exposed to bitcoin's (BTC) performance.
While spot Bitcoin ETFs give direct exposure to BTC's price movement, buffer ETFs use options to provide a targeted level of protection when the market experiences negative returns. These funds are also known as defined-outcome ETFs, and they limit investor losses by providing a buffer in exchange for a cap on how much they can profit on market gains.
The First Trust Bitcoin Buffer ETF is designed to participate in the positive price returns of the Grayscale Bitcoin Trust or another exchange-traded product (ETP) that seeks to provide exposure to BTC's performance and also serves as a buffer against the first 30% of the asset's loss over a specified period.
'The cap and buffer will be further reduced by any brokerage commissions, trading fees, taxes, and extraordinary expenses not inclu...
|XRP Bull Run Confirmed: Largest Bull Flag In Crypto History Just Formed
XRP could well be on its way to having a significant price surge, as this crypto expert recently highlighted an indicator that suggests this is on the horizon. This will undoubtedly be a welcome development for the XRP community that, as of late been bewildered by XRP’s price action.
XRP Forming A Bullish Pattern On The Charts
In a post shared on his X (formerly Twitter) platform, crypto researcher ABS of the 3T Warrior Academy highlighted the fact that XRP could be forming the largest bull flag in crypto history. This speculation was based on a monthly chart that he shared. From the chart, one could see that XRP was indeed forming a bull flag, which instantly signals a bullish sentiment.
The crypto expert further went on to note how XRP has been trading below its all-time high (ATH) of $3.8 for “2,165 days & counting.” He alluded to the fact that this could have been a result of the label of “unregistered security,” which the SEC had put on it.
However, Abs is bullish on XRP as he stated that there are “brighter days ahead” for the crypto token, considering that it has managed to get rid of the label and gained regulatory clarity. Another crypto analyst had also recently highlighted a similar pattern on the charts as he noted that the altcoin was forming a bull flag that could send its price to $25.
Many in the community seem to share this analyst’s sentiment as regards the price prediction. Abs had put out a...
|Avalanche Open Interest Just Smashed A New ATH, Can AVAX Reclaim $100?
Avalanche has seen its native token AVAX rise rapidly over the last 30 days to make its way into the top 10 tokens by market cap. This rally was not exactly out of the blue as activity had begun to pick up once more on the Avalanche network. During this time, the open interest has risen rapidly as well, eventually touching a new all-time high.
Avalanche Open Interest Rises To $413 Million
On Tuesday, the Avalanche open interest rose to the highest level since its launch following AVAX’s surge to $40. The open interest reached $413 million on December 12 after continuously rising for over a month. The surge happened in tandem with the price surge and has made daily highs almost every day in December.
The surge began in October after trailing around $70 million for the better part of a month. However, in November, there was a noticeable change in the open interest as traders began to take their positions in the digital asset.
Between November and December, the AVAX open interest has risen by over 400%. On Tuesday alone, the open interest grew another 19%, bringing the total Avalanche open interest across all exchanges to 11.43 million AVAX.
73% of the total open interest is actually coming from only two exchanges; Binance and ByBit. According to data from Coinglass, Binance accounts for 44% of the total OI at $184 million (4.54 million AVAX), while ByBit accounts for 28.8% of the OI with $119.67 million (2.95 million AVAX). BingX, OKX, and Bitget make up the rest of th...
|Bitcoin Speed Bump: A Week's Surge Crumbles In Just 20 Minutes
After hitting $43,000 last week, Bitcoin traded just below it over the weekend. But the price of the cryptocurrency dropped significantly on Tuesday, reaching $41,800. Following Bitcoin's December surge, investors chose to take profits, which led to this fall. There was a significant decline the night before, with Bitcoin momentarily falling as low as $40,300.
Due to the decline, the top cryptocurrency in the world had almost a week's worth of gains erased in only 20 minutes on Sunday night. According to statistics from TradingView, Bitcoin saw a dramatic 7% decline at approximately 9:00 p.m. Eastern Time, falling from above $43,200 to as low as $40,290.
Bitcoin Liquidations And Stock Fluctuations
Following months of stagnation in a limited trading range, Bitcoin has been steadily rising in recent weeks. The cryptocurrency has seen a notable change in mood and performance after previously experiencing market disinterest.
Coinglass data indicates a flurry of positions liquidated in the 12 hours starting on Sunday evening, with upwards of $335 million in liquidations across cryptocurrencies, and roughly $300 million of that in long positions. The reason for the abrupt swing down was not immediately evident. In just Bitcoin alone, liquidations totaled over $89 million.
Stocks have fluctuated this week as investors prepare for a busy event schedule. According to the consensus of industry professionals, there is a general belief in the durability and longevity of Bitcoin's upwar...
|Why Bitcoin's Staggering 260% YTD Surge Could Be Just The Start
The price of Bitcoin slowed down its ascend following a week of smashing critical resistance levels. However, the rally is likely in its early stages, with BTC preparing to see further profits in the coming months.
As of this writing, the cryptocurrency trades at $43,300, reclaiming levels last seen in 2022 before the crash to its yearly lows. In the weekly chart, BTC records a 15% rally, with Ethereum following the trend while other altcoins lagged behind the two most prominent cryptocurrencies.
Spot Bitcoin Jumps 15% In December, Eyes On Potential SEC Approval
The crypto market has witnessed another remarkable surge in Bitcoin (BTC), with a 15% increase in just the first week of December. According to QCP Capital's latest market update, this growth takes BTC's year-to-date (YTD) gain to 260%.
This exponential rise is primarily attributed to the anticipation surrounding the approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC).
On December 1st, the SEC announced that January 5th, 2024, will be the final deadline for rebuttal comments. This timeline sets the stage for probable approval in the week following.
Although QCP Capital humorously notes that the significance of the 15th anniversary of Bitcoin's Genesis block on January 3rd, 2024, might be lost on the SEC, the 'market has certainly taken note.'
As Bitcoin nears the $45,000 mark leading up to the expected announcement, investors are weighing how much of this news ...
|This BRC-20 Token Just Breached $1 Billion Market Cap With 180% Rally To...
The BRC-20 token ORDI, which is based on Bitcoin, surged by 181% today amid a wider cryptocurrency upswing and a recent rise in activity surrounding the Ordinals protocol.
According to the most recent data, the token's trade volume has increased by more than 900% during the last 30 days.
The ORDI coin has experienced a downward trend since its entry onto the market. It began trading at around $10 in June of this year and gradually dropped back to slightly less than $3 by mid-September.
Strong Performance: The BRC-20 Token ORDI
The token's decline marked the bottom and the beginning of the subsequent bull market, which drove the price up to its all-time high of $66 on November 5.
The previous few days have seen a phenomenal increase in the price of ORDI, and since Bitcoin has recently performed well and crossed $44,000, ORDI is also rising quickly.
The ORDI token, which is based on Bitcoin Ordinals, has achieved triple-digit monthly and weekly percentage growth, making it the first BRC-20 token to surpass a $1 billion market valuation.
Tokens based on Bitcoin are comparatively new in the digital currency space. These tokens leverage the Bitcoin network to produce a variety of digital assets, in contrast to Bitcoin, which is mostly used as electronic money. This change broadens the use of blockchain applications beyond the initial intent of Bitcoin.
Casey Rodarmor introduced the initial version of Bitcoin Ordinals in January. The protocol made it possible to add content to th...
|Ethereum Price Prediction- After 10% Surge, Is ETH Rally Just Getting St...
Ethereum price extended its rally above the $2,250 resistance. ETH is up over 10% and might continue to rise toward the $2,500 resistance.
Ethereum is showing positive signs and recently surpassed the $2,300 resistance. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the $2,320 resistance zone. Ethereum Price Extends Rally
Ethereum price remained in a positive zone above $2,120, like Bitcoin. ETH extended its rally above the $2,200 and $2,250 resistance levels. The bulls remained action and the price spiked above $2,300.
A new multi-month high was formed near $2,316 and the price is now correcting gains. There was a move below the $2,300 level. The price is now testing the 23.6% Fib retracement level of the upward move from the $2,188 swing low to the $2,316 high.
Ethereum is now trading above $2,250 and the 100-hourly Simple Moving Average. Besides, there is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
On the upside, the price is facing resistance near the $2,320 zone. The next key resistance is near the $2,350 level. A clear move above the $2,350 zone could send the price toward the $2,420 level. The next resistance sits at $2,450. Any more gains could start a wave toward the $2,500 level.
Are Dips ...
|Bitcoin Spot ETF In January 2024: A New Player Just Joined The Game
In the ongoing Spot Bitcoin ETF mania, Pando has joined the race aiming to seize the opportunities that may arise following the potential approval of BTC Spot ETFs by the US SEC.
Pando Submits Spot Bitcoin ETF Filing
Switzerland-based asset management company, Pando Asset has become the latest entrant into the Spot Bitcoin Exchange Traded Fund (ETF) race. The investment firm officially submitted its Spot BTC ETF filing to the United States Securities and Exchange Commission (SEC) on November 29.
The news of the late filing comes as a surprise to the crypto space, as the final dates for the SEC’s decision on the Spot Bitcoin ETF approval approach.
In the filing, Pando Asset provided a lengthy outline of its Spot BTC ETF, PBTC, highlighting its purpose, offerings, net asset value, regulatory compliance, tax considerations, and other factors.
“The Trust was formed as a Delaware statutory trust on November 16, 2023. The purpose of the Trust is to own bitcoin transferred to the Trust in exchange for Shares issued by the Trust. Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of bitcoin held by the Bitcoin Custodian on behalf of the Trust,” the filing stated.
Pando’s BTC Spot ETF brings the total number of filed Spot Bitcoin ETFs in the crypto space to 13. Among them are applications from prominent financial institutions such as Grayscale, Black...
|AVAX Price Prediction: Avalanche Rally Just Getting Started?
AVAX price is showing positive signs above the $20 support. Avalanche bulls seem to be in control, and they might aim for a rally toward $25.
AVAX price is showing positive signs above the $20 level against the US dollar. The price is trading above $21 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if there is a clear move above the $22.50 and $23.00 resistance levels. AVAX Price Signals Fresh Rally
After a strong increase, Avalanche’s AVAX faced resistance near the $24.00 zone. It started a downside correction from $24.05 but remained in a positive zone, like Bitcoin and Ethereum.
There was a drop below the $23 and $22 levels. The price declined below the 50% Fib retracement level of the upward move from the $15.60 swing low to the $24.05 high. It even spiked below the $20 support zone. However, the bulls were active above $18.80.
AVAX price found support near $18.80 and the 61.8% Fib retracement level of the upward move from the $15.60 swing low to the $24.05 high. It is again moving higher and trading above the $20 level.
There was a move above the $21 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX/USD pair. On the upside, an immediate resistance is near the $22.50 zone.
Source: AVAXUSD on TradingV...
|Bitcoin Bull Run Is Only Just Starting, According To This Metric
On-chain data shows the Bitcoin SOPR hasn't yet reached high levels that have been associated with heated bull market phases in the past.
Bitcoin SOPR Has Only Seen Mildly Positive Values Recently
In a CryptoQuant Quicktake post, an analyst has explained how market psychology has driven the BTC price during the past few years. The on-chain indicator that best represents the Bitcoin trader psychology according to the quant is the 'Spent Output Profit Ratio' (SOPR).
The SOPR basically tells us about whether the BTC investors are selling their coins (or more precisely, transferring them on the blockchain) at a net amount of profit or loss.
When the indicator has a value greater than 1, it means that the average holder in the sector is selling their coins at some profit right now. On the other hand, a value under this threshold implies that loss-selling is dominant among the participants.
Naturally, when the SOPR has a value exactly equal to 1, the overall market can be assumed to be just breaking even on their selling, as the number of profits being realized is exactly canceling out the losses.
Now, here is a chart that shows the trend in the Bitcoin SOPR over the past few years:
In the above graph, the analyst has marked the pattern that the Bitcoin SOPR has followed in recent years. During the 2018 bear market, the BTC SOPR dropped to pretty low values below 1 following the November 2018 crash. Coinciding with these lows in the metric, the price also found its bottom.
|With Just 0.0004% of Bitcoin's Hashpower, Solo Miner's 2 PH/S Effort Sec...
On November 26, 2023, a stroke of remarkable luck befell a solo miner when they discovered block 818,588, verifying a total of 4,193 transactions. This achievement garnered the miner a total of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees.Solo Miner's Slim Odds Pay Off: Claims Bitcoin Block Reward With Mere 2 PH/s Hashrate
Echoing a similar event from the end of October, this miner, also affiliated with Solo Ckpool, successfully mined the block. Ckpool is designed to support independent miners, allowing them to retain the entire block reward, unlike other pools where rewards are shared.
Con Kolivas, the developer overseeing Solo Ckpool, remarked that this was the 279th block successfully mined by the pool. He noted the rarity of such an event, stating, 'A miner of this size would solve a block on average only once every 5 years,' underscoring the miner's extraordinary luck in this instance.
For context, the Bitcoin network's total hashpower stands at approximately 488 exahash per second (EH/s), or 488 quintillion hashes per second. In comparison, the solo miner's contribution of 2 PH/s, or 2 quadrillion hashes, represents a mere 0.0004% of the network's collective hashpower, highlighting the improbability of their success.
What do you think about the solo miner discovering a block with such a small amount of hashrate? Share your thoughts and opinions about this subject in the comments section below.
|Not Just Bitcoin: MicroStrategy (MSTR) and Coinbase (COIN) Soar to Highe...
While BTC's price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well.
Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has seen a surge of 240% in the same timeframe.
COIN and MSTR Up by Triple Digits YTD
After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political tension and industry collapses, almost all crypto-related companies, projects, and assets were struggling at the start of 2023.
Two of the giants connected to the space - Coinbase, the largest US-based crypto exchange, and MicroStrategy - the biggest corporate holder of BTC, had their shares' prices slashed to multi-month lows.
COIN entered 2023 at $34, while MSTR was at $145. However, the new year began with a lot more optimism, and both companies' stocks went on a roll alongside the rest of the market.
After several ups and downs during 2023, MSTR recently breached the $500 level and tapped $520 for the first time since January 2022.
MSTRUSD. Source: TradingView
It took COIN six months to surge past $100, but the stock lost its momentum in the subsequent market retracement. Nevertheless, the highly positive October and November pushed it back north, and CON recently registered its highest price in well over a year at $115.
COINUSD. Source: TradingView
It's worth noting that these multi-month peaks coincide...
|Ethereum Price Prediction: After 5% Surge, Is ETH Increase Just Getting ...
Ethereum price recovered all losses and climbed above $2,050. ETH outperformed Bitcoin and might aim for more gains above the $2,120 resistance.
Ethereum remained strong above $1,930 and started a fresh increase above $2,000. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is up over 5% and the bulls could aim for more upsides above $2,100. Ethereum Price Turns Green
Ethereum price remained well-bid above the $1,930 support after a steady decline post report of Binance settlement. ETH formed a base and started a strong increase above the $2,000 resistance.
There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD. The pair gained strength and climbed above the $2,020 resistance. It gained over 5% and outperformed Bitcoin. Finally, it tested the $2,100 zone.
A high is formed near $2,092 and Ethereum is now consolidating gains. It is testing the 23.6% Fib retracement level of the upward move from the $1,930 swing low to the $2,092 high.
It is well above $2,020 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,080 zone. The first key resistance is near the $2,120 level. A clear move above the $2,120 level could spark another strong increase.
Source: ETHUSD on TradingView.com
The next resistance is near $2,200...
|Sacked OpenAI CEO Sam Altman Reinstated Just Days After Departure
OpenAI announced the reinstatement of Sam Altman as CEO and the appointment of new board members, responding to the widespread backlash following his unexpected removal. The Delaware-based American artificial intelligence research organization asserted that it is working 'to figure out the details' of the agreement.
Altman confirmed the development and added that he is looking forward to returning to OpenAI.
Sacked CEO Returns to OpenAI
Altman gained recognition following the introduction of ChatGPT last year, sparking a surge in the advancement of AI research and development, accompanied by substantial investments totaling billions in the space.
His exit over the weekend triggered criticism from numerous OpenAI employees, leading to a collective note to the board threatening mass resignations unless the board formally stepped down. The exec's removal from his position was attributed to his alleged lack of consistent transparency in communications with the board.
A leaked memo did not provide specific reasons for Altman's departure but emphasized that it was not due to misconduct or issues related to finances, business operations, safety, or security/privacy practices.
Subsequent reports indicated that Altman, along with Greg Brockman, the company's co-founder and president, and other former staff members, was set to join Microsoft, a key investor in the AI startup. Following Altman's unexpected dismissal, major investors, led by Microsoft CEO Satya Nadella, reportedly advoca...
|Did The OpenAI and Microsoft Saga Just Trigger Massive Interest in AI To...
The recent saga surrounding OpenAI and its co-founder Sam Altman has sparked a surge of interest in AI tokens, with total weekly trade volume surpassing $2 billion for the first time since March, fresh data from Kaiko, a blockchain analytics platform, shows.
According to statistics, WLD, the native token on Worldcoin, a project co-founded by Altman, and other tokens, including FET, the primary coin behind the AI-reliant blockchain, Fetch.ai, appear to be primary gainers. Even so, WLD prices remain below November 2023 lows when writing.
WLD Remains Volatile
Even so, looking at market data, the spike in crypto AI trading volume seems driven mainly by WLD activity. Looking at the project's share, trading volume comprises over 33% of all related crypto AI trading volume.
While there is a noticeable spike in activity, it remains below the all-time high of above $4 billion in Q1 2023. Then, traders and investors were keen on AGIX, the SingularityNET token. However, over the months, Worldcoin has since taken over as investor interest shifted to WLD, evidenced by the gradual rise of trading volume.
Looking at WLD price action over the past three days, prices have been volatile, though trading volume has been mostly up from November 13. Following news of Altman's removal as CEO of OpenAI, prices fell before slightly expanding with news of negotiations to return to the role, followed by his appointment to lead Microsoft's AI team.
All these ev...
|The SEC Just Sued Kraken: Here's Why
The U.S. Securities and Exchange Commission (SEC) filed a 90-page lawsuit against cryptocurrency exchange Kraken on Monday, re-centering the firm among a handful of crypto giants in the agency’s legal crosshairs.
The lawsuit accuses Kraken of a slew of securities law violations, and of commingling customer funds with corporate assets in ways that could risk major losses for both parties.
The SEC Strikes Again
Per an accompanying press release from the SEC, Kraken has simultaneously operated as an unregistered securities exchange, broker, dealer, and clearing agency in the United States, intertwining all such traditional services since 2018.
Specifically, the company made nine-figure profits by “unlawfully facilitating the buying and selling of crypto asset securities.”
Such charges mimic those that the SEC levied against Coinbase and Binance in June, naming many of the same “crypto asset securities” mentioned in the prior lawsuits, alongside some new tokens like ALGO, ATOM, COTI, MANA, and OMG.
“Kraken’s choice of unlawful profits over investor protection is one we see far too often in this space, and today we’re both holding Kraken accountable for its misconduct and sending a message to others to come into compliance,” stated SEC enforcement director Gurbir S. Grewal.
In their respective defenses, Binance and Coinbase have denied listing securities on their platform, accusing the SEC of misinterpreting securities laws to ...
|Dogecoin On The Brink: Factors That Indicate A DOGE Rally Is Just Starti...
According to on-chain analytics, the next strong Dogecoin rally might be closer than we think. The meme token has been giving traders mixed signals for the past month, but signs like on-chain transaction volume and DOGE's mission to the moon are starting to point to the next surge being right around the corner.
Despite the majority of cryptocurrencies being in the red over the past 24 hours as consolidation and modest selloffs continue, Doge has managed to post a gain of 6.87%.
Dogecoin Transaction Volume Spikes
Price activity indicates that Dogecoin has gained more than 10% over the course of the past week. The cryptocurrency struggled to post gains like other popular cryptocurrencies for the most part of October's rally.
Price data from Coinmarketcap shows the crypto only spiked 19.7% from its October bottom of $0.0579 to end the month at $0.069. However, things changed in early November, as bulls and whales started to inject capital into the cryptocurrency. This influx pushed the cryptocurrency over the strong $0.76 support.
According to crypto analyst Rekt Capital, this breakout was the beginning of a shift in trend, with a spike to a $0.15 price target now in formation.
Various on-chain monitors reveal that on-chain transactions have spiked at the same time. According to on-chain analytics platform Santiment, Dogecoin reached a total transaction volume of $665 million yesterday, its highest level in three months. Data from Coinmarketcap also puts...