Cointelegraph By Nivesh Rustgi
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Here’s why STX, CFX, SSV, AGIX and GRT are the top performing assets in February
Cointelegraph By Nivesh Rustgi - 0
The month of February was filled with investors’ hope that an earlier-than-expected Federal Reserve policy pivot would occur, but this sentiment faded as the inflation and employment data came in hotter than expected. While the start of the month was bullish for the crypto market, Bitcoin (BTC) retraced...
Stacks (STX) surges as Bitcoin NFT hype grows, but its blockchain activity raises concern
Cointelegraph By Nivesh Rustgi - 0
Stacks is one of the first blockchains to enable a way for minting Bitcoin (BTC) Ordinals, which puts it in an excellent position to benefit from the hype. However, Ordinals have invoked an issue from the past where Bitcoin maximalist ideologies will be tested if the NFTs lead...
Blur runs after OpenSea market share, but its success depends on upcoming governance proposals
Cointelegraph By Nivesh Rustgi - 0
Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users...
Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally
Cointelegraph By Nivesh Rustgi - 0
Bitcoin’s (BTC) recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent macroeconomic improvements. However, while prices increased, data suggests that many interested buyers (including whales) were left on the sidelines. The recent rally to $25,000 shared many similarities...
Modular blockchains could be the next hot crypto market trend in 2023
Cointelegraph By Nivesh Rustgi - 0
The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to achieve is a decentralized, secure interoperable solution.Let’s take going from Ethereum to Bitcoin, the largest blockchain network, as an example....
ApeCoin leads in NFT and Metaverse market share, but are APE’s hefty staking rewards sustainable?
Cointelegraph By Nivesh Rustgi - 0
In January, ApeCoin (APE) had an underwhelming performance compared to metaverse-based tokens like Decentraland (MANA) and The Sandbox (SAND). APE token gained 61% compared to the 90% and 150% respective gains seen in SAND and MANA. The subdued gains can be attributed to the hefty APE staking rewards...
Are Cosmos’ ecosystem growth and roadmap enough to sustain ATOM’s current 50% monthly rally?
Cointelegraph By Nivesh Rustgi - 0
In September 2022, Interchain Foundation, the team behind Cosmos’ development , introduced the Cosmos ATOM 2.0 whitepaper. The document proposed significant changes to Cosmos’s design, including a tokenomics upgrade to fund the Cosmos ecosystem development and reduce ATOM inflation.While the whitepaper launch acted as a bullish catalyst for...
5 altcoins that produced double-digit gains as Bitcoin price rallied in January
Cointelegraph By Nivesh Rustgi - 0
The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up. The improving macroeconomic...
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
Cointelegraph By Nivesh Rustgi - 0
Bitcoin mining stocks usually follow BTC’s price because it directly influences the company's earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in the month of December. The downturn after FTX's collapse worsened with the bankruptcy filings of the largest U.S.-based Bitcoin mining...
Aptos’ APT reached a new all-time high of $20.39 after posting gains exceeding 400% since the start of 2023. While the rally could just be a pump-and-dump event due to the perception of weak fundamentals, increasing negative sentiment toward the token will likely fuel the prices in the...