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The Bittensor price dropped more than 1% over the past 24 hours to trade at $446.78 as of 9:40 am EST as investors take profit after the altcoin’s recent surge.  The Bittensor Price Soared To A New All-Time High After Vitalik Buterin Mention The token earlier hit a new all-time high after  Ethereum co-founder Vitalik Buterin mentioned TAO in an article focused on the promises and challenges of integrating AI and blockchain technology. “The point of using cryptographic incentives to improve artificial intelligence is that it can be done without requiring excessive effort, such as using cryptography to completely encrypt artificial intelligence,” he said. “Bittensor falls into this category.”  The Bittensor Price Forms A Bullish Price Channel 4-hour chart for TAO/USDT (Source: TradingView ) The Bittensor price has formed a positive price channel after it registered a series of higher highs and higher lows throughout the past few days. This bullish momentum resulted in the altcoi

BONK (BONK) faces an 8% drop in 24 hours, testing support at $0.00001103 amid increasing selling pressure. BONK’s market cap and trading volume dropped by 7.34% and 14.55%, signalling waning investor confidence. Technical indicators like MACD, RSI, and Aroon suggest a bearish trend for BONK/USD in the short term. Bonk (BONK) has been in a bearish rally over the last 24 hours, dropping from an intra-day high of $0.00001207 to a low of $0.00001103, where support was reached. This price drop is likely attributable to increasing selling pressure and profit-taking by traders. Despite the negative trend, the support level shows there may still be some buying activity at this price point, given BONK’s 0.83% increase in the previous week. At press time, BONK was trading at $0.00001109, down 8.23% from its 24-hour high. If this bearish trend continues, it could potentially test the next support level at $0.00001050. However, if buying pressure increases and

The community claims the taxes have limited growth within the sector in past years. Indian Web3 community takes to social media sites to demand changes to crypto taxes. Demands asked include a reduction to tax levies and the ability to carry over losses. The Indian Web3 community has taken to social media to demand changes to the cryptocurrency tax levied within the country. The numerous campaigns that took place on social media demanded relief from crypto tax laws in the region.  Indeed, the recent agitations from the community highlight years of demands which the community claims haven’t yielded much result from the government. Per the recent agitations, experts in several crypto sectors complain that the taxes levied by the government have hindered growth in the ecosystem.  With the country’s finance minister, Nirmala Sitharaman, set out to read the budgetary provisions for 2024-2025 on February 1, the crypto community has taken to social media sites w

The Floki team has expressed regret over the SFC’s “extreme” regulatory measure. According to the Floki team, it is taking steps to address the concerns raised by the SFC. The team affirmed its law-abiding status and efforts to comply with regulatory requirements in its operating regions. The team behind the meme-based crypto Floki has responded to the Security and Futures Commission (SFC) of Hong Kong warning, labeling it a “suspicious investment program.” In a Medium post, the Floki team stated that it is taking steps to clarify the issues, expressing regret that the SFC took such an “extreme” measure. A segment of the Floki team’s statement read: We’ve taken steps to mitigate concerns in jurisdictions where the regulatory framework does not specifically cover or cater for the staking programs… As indicated by the statement of the SFC, it appears that the high APY of the Floki and TokenFi staking programs is their key concern. The Floki team claim

The Wen price plunged 25% in the last 24 hours to trade at $0.0001166 as of 11:15 p.m. EST on trading volume that surged 79% to $90 million.  The steep fall came despite the announcement of a 27% burn of the airdropped token’s supply, amounting to over 270 billion tokens, in a classic examples of ”sell the news.”  Claiming for $WEN has officially finished. For the duration of Wen's upbringing, we have been emitting $WEN to the community via the claim. Now, there are no more emissions and over 1/4 of the total supply will be burned forever. We are excited to immortalize wen culture and… pic.twitter.com/BUEG5QrZoH — $WEN (@wenwencoin) January 29, 2024 WEN Price Breaks Above The Falling Wedge, Initiates A Bull Rally WENUSDT Chart Analysis. Source:Tradingview.com The WEN price indicates a rebound from the lower boundary of the falling wedge pattern, reaching $0.0001074. This shows a change in the trend towards a more positive direction. If the price goes above the upper bound

With the market approaching a bull, the appeal of altcoins has surged dramatically, captivating investors searching for avenues to generate returns. This article curates a selection of the finest altcoins positioned to redefine the future of decentralized finance (DeFi), promising lucrative opportunities for investors. 7 Best Altcoins to Invest in Right Now Several altcoins are adopting strategies and forming partnerships to increase their reach and investor’s returns. Osmosis linked up with Shido to pioneer the first DEX market pair for the Shido Network. Meanwhile, investors are bullish on Monero after some sustained green candles . Moreover, Mina’s price is up due to increased buying activity, indicating an uptrend in the weeks ahead. 1. Osmosis (OSMO) Osmosis has partnered with Shido to pioneer the first DEX market pair for the Shido Network. Upon the mainnet’s launch, SHIDO, the native coin, will trade via the SHIDO/USDC market pair on Osmosis DEX. Moreover, Shido plans to inj

The GT Protocol price has surged 40% in the last 24 hours to trade at $1.85 as of 11:29 p.m. EST, with its trading volume jumping 32% to $14 million. GT Protocol Price Trades A Cup And Handle Pattern GTAIUSD Chart Analysis. Source: Tradingview.com The GT Protocol price signals a continuation of a bullish trend as the price has formed a cup-and-handle pattern. The support zone at $1.2 has given the bulls a springboard to recover the losses accrued during the price decline.  The bulls have shown resilience despite the pullback at the $1.93 resistance, rebounding at the $1.62 support zone and forming the handle part of the pattern to drive the price up the distance x of the cup depth. The price trades above the 50-day simple moving average (SMA), affirming the bullish momentum, with the price almost completing the handle part of the pattern. The Relative Strength Index (RSI) indicates a rebound on the 50 midline level, reaching 63. If the momentum continues, the RSI could reach t

Industry analyst s expect Charles Schwab may venture into offering a proprietary spot Bitcoin exchange-traded fund (ETF). According to RIABiz and other media outlets, analyst s speculate that the firm — which offers investment products and services, including brokerage and retirement accounts and manages $8.5 trillion in client assets — may launch a spot Bitcoin ETF. Simply put… Schwab not gonna sit around & let Fidelity control crypto narrative. Period. Too much $$$ at stake w/ these brokerage platforms. — Nate Geraci (@NateGeraci) January 27, 2024 With a reputation for conservative and thoughtful product development, Schwab may well be waiting to unveil an ETF that not only undercuts the competition with lower fees but also stands the test of time in a tumultuous market—a counter to the more aggressive forays by competitors like Fidelity Investments. Indeed, while Fidelity has rapidly gained ground in the ETF space and BlackRock is making its presence felt, Schwab has main

In the fast-paced and dynamic world of cryptocurrency, investors are constantly on the lookout for opportunities to maximise their returns. While the market is known for its volatility, strategic choices can lead to substantial gains. In this article, we explore three tokens that have the potential to deliver instant 5x profits: Retik Finance (RETIK), Aave (AAVE), and Bonk (BONK). Each of these tokens operates in different niches within the crypto space, offering unique features and development trajectories that make them stand out as promising options for investors seeking significant returns. Retik Finance (RETIK): Pioneering DeFi with Innovation Retik Finance has positioned itself as a frontrunner in the decentralised finance (DeFi) space, offering a comprehensive ecosystem that aims to bridge the gap between traditional finance and the crypto world. At the core of Retik Finance's appeal is its native token, RETIK, which plays a pivotal role in unlocking exclusive features

A closely followed analyst believes that one low-cap altcoin that has rallied by nearly 6x in the last three months is due for a big leg up. Pseudonymous analyst Bluntz tells his 238,000 followers on the social media platform X that he’s keeping an eye on Moonriver (MOVR), an Ethereum (ETH)-compatible parachain built on Kusama (KSM) Bluntz shares a chart that suggests MOVR has completed an ABC corrective wave and is primed to rally close to $40. “Still like MOVR. These setups are some of my all-time favorite, when price ranges and both the high and then low get taken shaking out both sides. This is going to send in my opinion.” Source: Bluntz/X Bluntz commonly uses the Elliott Wave theory, a technical Analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset tends to witness an ABC corrective wave before igniting the next surge. MOVR is trading at $

The recently launched spot Bitcoin ETF (exchange-traded funds) products in the US are seeing combined negative flows for the first time since they started trading on Jan.11 as inflows for BlackRock and Fidelity are overshadowed by outflows from Grayscale’s GBTC. Data collected by Bloomberg Intelligence analyst James Seyffart shows that the 10 spot bitcoin ETFs, as well as GBTC, saw a net outflow of $158 million on Jan. 24.  The total number of Bitcoin held by all of the spot ETFs as of Jan. 24 is approximately 649,000, according to figures compiled by CoinDesk. This comes a week after the total stood at over 660,000 BTC, marking a decline of roughly 11,000 tokens. Bitcoin ETF Inflows Led By IBIT, FBTC Among the 10 funds, BlackRock’s IBIT and Fidelity’s FBTC currently lead the way with each holding more than 40,000 Bitcoin as of Jan. 24. As a result, both funds hold in excess of $1.6 billion in assets under management. GBTC was the only fund that saw actual negative outflows ov

Honk’s recent surge: 755% in 1 month, potential $1 target, community support driving growth. LCX struggles: past success, $0.61 potential, challenges in the current market. Bitbot’s innovation: Telegram bot, presale stages, institutional-grade tools. In the fast-paced world of cryptocurrency, investors are always on the lookout for the next big opportunity. With tokens like Honk, Bitbot, and LCX making waves in the market, the question arises: can Honk outperform its competitors? Let’s delve into the price predict ions and potential of these token s. Honk: surging towards to $1 Honk, the first goose-themed coin on the Solana blockchain, has been making headlines with its impressive price movements. Inspired by the audacious goose from the viral game “Untitled Goose Game,” Honk has captured the attention of investors with its unique concept. In recent days, Honk has seen significant growth, with its price surging by over 755% in the last month to trade a

According to a new filing, the US government is set to sell $130 million worth of Bitcoin (BTC) that was seized from the Silk Road. Indeed, the notice was issued from the United States District Court for the District of Maryland and relays its intention with the seized assets The notice for the impending sale of the assets follows a court-approved forfeiture of 69,000 BTC in the Silk Road case. The initial judgment was made in August of last year but was finally cleared to take effect in December according to a subsequent court filing. JUST IN: 🇺🇸 US Government files notice to sell $130 million worth of #Bitcoin seized from Silk Road. — Watcher.Guru (@WatcherGuru) January 25, 2024 Also Read: US Government Finalizes Forfeiture of 69,370 Silk Road Bitcoin US Government to Sell $130M in Seized Siik Road BTC For those within the digital asset market, the Silk Road has been well-established as one of the industry’s biggest crimes. A digital black market, the Silk Road mar