NFT News Daily Offcial TheBitTimes.com

Crypto traders are debating whether Donald Trump’s social media passwords have been cracked, as the President-elect’s accounts tout the launch of his “official” memecoin. The memecoin launch announcement hit Trump’s social media platform Truth Social first, and was posted on X shortly thereafter. The new coin is built on the Solana network, and has already tapped a $2.95 billion market cap, according to CoinGecko. The coin’s website is attributed to CIC Digital LLC, which is the same team Trump used to launch his official NFT projects. A total of 80% of the coins are currently locked, and will be released over several years. Trump has promised to support crypto innovation and adoption, as well as establish a national Bitcoin reserve. Odds on the Bitcoin reserve happening in the first 100 days of Trump’s administration stand at 42% on Polymarket at time of publishing. Source: https://thebittimes.com/official-solana-b...

Magic Eden, a cross-chain non-fungible token marketplace, has exploded again in adoption and trading sales volume this past month, outpacing its major market competitor Blur NFT marketplace. The NFT market platform Magic Eden has dominated the global NFT market as of August 2024, maintaining the top spot for the sixth consecutive month. Magic Eden Tops The NFT Marketplaces In 2024 A recent market analytics study done by CoinGecko.com, an on-chain crypto market data aggregator, and non-fungible token explorer, shows that Magic Eden is the leading NFT marketplace in 2024. Magic Eden dominates the NFT marketplace with a monthly trading volume of $122.47 million in August, representing a 36.7% market share. This marks Magic Eden’s 6th consecutive month as the top NFT marketplace. What are the top NFT marketplaces in 2024? 🔎 Our latest study reveals that @MagicEden is the top NFT Marketplace in 2024, with a 36.7% share and $122.47M in August trading volume, marking its six...

Over 50% of cryptocurrencies listed on CoinGecko since 2014 have died, with 2021 projects experiencing the highest failure rate, research indicates. Recent data compiled by CoinGecko showed that more than half of the cryptocurrencies ever listed on the platform since 2014 have died. According to the report, out of the 24,000 cryptocurrencies, a staggering 14,039 are now defunct. The majority of these deceased digital assets emerged during the 2020-2021 bull run, CoinGecko says, adding that a substantial 53.6% of the dead cryptocurrencies, totaling 7,530 projects, originated at the time. The preceding bull run in 2017-2018 saw over 11,000 projects listed , with approximately 70% of them now shuttered. The number of cryptocurrencies technically died since 2014 | Source: CoinGecko You might also like: Over 30% of blockchain games are now abandoned, data shows A closer look at the numbers reveals that 1,450 projects launched during the 2017-2018 bull run have ceased ope...

Bitcoin’s value is approaching the coveted mark of $40,000 — a height it hasn’t experienced since the sudden destabilization of TerraUSD in May 2022. At the time of writing, the value of Bitcoin (BTC) was hovering around $39,653, having seen a 2.1% increase in just 24 hours, according to data from CoinGecko. Bitcoin price chart. Source: CoinGecko BTC’s bolstering indicators , such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), suggest a positive momentum maintained by the bulls. Per analysts, the increased buying pressure might propel the coin to exceed its current high and reach the $40,000 threshold. They have pegged this bullish drive down to several factors. Firstly, the expected approval of spot Bitcoin ETFs between Jan. 5 and 10, 2024, has created a wave of anticipation. Secondly, historical data shows that BTC typically sees strong performances in the final quarter of the year. Furthermore, the upcoming Bitcoin halving event schedu...