A Comprehensive Analysis of Wash Trading in bitsCrunch Market Report 2022
Non-Fungible Tokens (NFTs) are unique digital assets that use #blockchain technology to certify ownership and authenticity. In 2022, the NFT market experienced a significant surge in popularity, with a record number of new collections created. The rise of #NFTs has been driven by several factors, including the increasing adoption of blockchain technology, the growing interest in digital art, and the emergence of new marketplaces and platforms for NFT trading.
Bitcoin just crushed another ATH, 110% gains this year — Institutional money is pouring in. BTC dominance is real!
SOL/ETH chart is up 900% since last year. $SOL meme is just like a wealth generation machine!
Ethereum? Only a 37% rise this year. Don’t worry, 29% of ETH locked in staking, smart money's playing long-term, but you need to have patience. Remember, smart money is in for the long haul.
$BTC dominance continues. #ETH🔥🔥🔥🔥 needs to solve its own problem....
Position sizing is key! ETH must evolve beyond NFTs to stay relevant.
While BTC celebrates a new all-time high, some analysts warn of potential sell-offs ahead.
Is the bull run unstoppable, or should we brace for turbulence?
Why $ETH is Undervalued and its $4500 Potential with $BTC at $90K
why $ETH is undervalued now, and when $BTC goes to $90000, $ETH should be $4500 or so according to historical correlation data?The $ETH/$BTC ratio is currently at ~0.04, near historical lows. Previous crypto bull markets in 2017/2021 cycle saw this ratio peak at 0.08-0.12. The ETH/BTC ratio is bouncing back! For the past bull markets in 2021 and 2017, the ETH/BTC ratio reached around 0.05. This ratio represents how many $BTC are required to purchase 1 $ETH.
In a jaw-dropping move, $PEPE (Pepecoin) has overtaken $LTC (Litecoin) in market cap, shaking up the meme coin and crypto space! 💥 #mememcoinseason2024
Which #memecoin🚀🚀🚀 has the strongest holder growth? $SHIB , $WIF , or $PEPE ???
The meme token ecosystem continues to see significant holder growth, with #SHIB leading the pack at over 1.51 million unique addresses, over 400,000 more than $DOG.
$BONK and $BRETT both have over 700,000 holders, while #PEPE and $WIF , have posted stronger 30-day growth rates of 3.02% and 4.86% respectively.
At the lower end, $MEW and $MIGGLES are the only remaining meme tokens with over 100,000 holders, with $MIGGLES seeing a notable 26.55% increase in its holder base over the past month.
Other tokens like $HIGHER, $FLOKI, and $MOCHI fall in the 50,000-100,000 holder range, but appear to have more limited liquidity compared to the larger meme coin projects.
Meme Coins Make a Comeback with +28% Gains This Month
Guess which crypto category crushed it with +28% gains this month?
Meme Season is BACK! In a market full of ups and downs, one category has stood out this month: meme coins. With a staggering +28.12% growth over the last 30 days, it’s clear that Meme Season is back in full force. Let’s get into the top-performing categories and what this trend could mean for the market ahead.
The bitsCrunch native token, $BCUT, is set to be listed on KuCoin and Gate.io on February 20th, 2024. This marks a significant development for the decentralized, AI-powered blockchain analytics platform, offering comprehensive analytics for NFTs, wallets, and digital assets. bitsCrunch is committed to a community-driven ecosystem, allowing contributions to enrich its capabilities.
The listing on KuCoin (BCUT/USDT) starts trading on February 20th, 2024, at 13:00 UTC. Gate.io offers a subscription period from February 18th to 20th, 2024, with an airdrop value of $30,000. More information available at Gate.io
⏰ Final Week Reminder : bitsCrunch Testnet Task 4 🌐
Time is running out to participate in the bitsCrunch Testnet Task 4 and secure your share of the rewards!
The incentivized testnet, concluding on January 15, 2024, 23:59 UTC, allows you to earn from a total pool of 10,600,000 BCUT tokens distributed at mainnet launch with a 6-month linear vesting period.
Why Participate?
- Actively contribute to bitsCrunch network development. - Earn rewards for your contributions. - Contribute to network security, operations, and user experience to earn from the 10,600,000 BCUT token pool.
bitsCrunch Network Incentivized Testnet — Task 4 is Live now
The bitsCrunch network is an AI-enhanced decentralized data platform focused on providing comprehensive analytics, forensics, and compliance tools for NFTs and other digital assets. After a successful Task 3 that concluded in Q3–2023, we are announcing the kickoff of Task 4.
This will consolidate the activities of tasks 4, 5, 6, and 7. This consolidation aims to make the task more engaging and to encourage greater participation.
We hope to make Task 4 bigger and better than Task 3 and to realize this we have a bigger reward pool of 10.6 million tokens (1.06% of the total supply) just for this task.
Here is the link to the official Coinlist announcement:
bitsCrunch Network Incentivized Testnet - Task 3 is open for Public
Greetings, bitsCrunch Community!
Are you an adopter interested in contributing to the future of early-stage crypto projects?
bitsCrunch, an AI-enhanced data network that delivers high-quality #NFT analytics and forensic data, is running a phased incentivized testnet to test all aspects of the protocol as it progresses towards decentralization.
Today, we are calling all eligible users in our community to join “Task 3” of bitsCrunch’s incentivized testnet!
You’ve probably heard that #NFTs can easily be copied. This is a criticism that has been levelled against them ever since they came on the scene. However, it can’t be further from the truth. An NFT, by nature, remains unique. Its rarity gives it value, making it a digital certificate of ownership to a specific file minted on the blockchain.
Yet, there are ways to make people think that the NFT they are purchasing is in fact the original one, while the file it represents can be an image that has
bitsCrunch AI-based tools bring security and transparency to the NFT market
AI-powered #blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.
The unhinged growth of nonfungible tokens (NFTs) has come with undesirable costs, and the tech sector is stepping up to fix it. In less than a decade, the NFT space has expanded from pixelated punks to an established proof-of-ownership for digital and physical assets. Like decentralized finance (DeFi), another subset of the crypto industry, the NFT market grew without traditional regulatory o
Demystifying NFT Valuation: A Deep Dive into bitsCrunch Price Estimation
One of the most crucial obstacles to the growth of #NFTs is that they are still a relatively new asset class. This makes buying and purchasing them challenging, as it can be difficult to estimate their value accurately.
The difficulty in gauging the value of an NFT arises due to their subjective nature. Given that NFTs are generally tied to digital art in some form, the biggest/most important factor affecting their price is their rarity, or on how unique the concept behind them is.