Notcoin players on Telegram can now deposit or stake their tokens, while billions of NOT tokens are distributed through Binance and OKX.
2 min read - May 16, 2024

The token <t-51/>#NOT of the viral game <t-54/><t-55/>#Notcoin based on Telegram, will be listed this Thursday, May 16 on several exchanges cryptocurrencies. Earlier Tuesday, ahead of launch, developer Open Builders opened the in-game claim process to all players.
Around 35 million players of the clicker-style game can now decide what to do with their earned NOT tokens, which are awarded at a 1,000-to-1 ratio based on the in-game coins they mined earlier this year. Therefore, if you mined 100,000 coins in the game, you will be able to claim 100 NOT tokens on The Open Network (TON).

Bitcoin's price chart is looking like it did just weeks after the 2016 halving, as it hovers around a local bottom, according to some cryptocurrency traders.
Bitcoin ( <t-19/>$BTC ) is replicating the same path it followed after the Bitcoin halving event in 2016, while one indicator indicates that it may be close to its local bottom and another indicates that it will reach the $350,000 during “the peak” of this cycle, according to some cryptocurrency traders.

On May 4th, there were 421,748 Runes transactions on the Bitcoin network and 2,807 Ordinals transactions. Source: stock.adobe.com

Key facts:Over the last 30 days, the network processed 6 transactions per second.Bitcoin had a longer and slower journey than Ethereum to reach the milestone.

More than 1 billion transactions have been processed on the Bitcoin network, the main chain of the most important digital asset in the market, marking a historic milestone for the pioneering digital currency network and its use as a vehicle for conducting monetary transactions.
According to the monitoring server Clark Moody, the global transaction count reveals that more than 1 billion operations have been successfully processed on the Bitcoin network.
Over a 30-day period, 6.1 transactions per second were executed on the Bitcoin chain. In hat same timeframe, 15.5 million operations were processed, according to Clark Mood.

The over 1 billion transactions processed on the Bitcoin network mean that, over the lifetime of Satoshi Nakamoto's invention, an average of 178,400 BTC transactions have been processed daily.

It's important to note that on the Bitcoin network, transactions are processed by miners. However, this count by Clark Moody does not take into account transactions processed by the Bitcoin Lightning Network, which is a second-layer solution focused on micropayments. There are estimates that millions of bitcoin transactions are executed daily through this network.
Similarly, it's worth considering that the milestone of over 1 billion transactions processed on Bitcoin is less than what has been achieved by the Ethereum network, which processes an average of 1.14 million transactions per day, according to Etherscan.

Ordinals and Runes drive transactions
The milestone of 1 billion transactions processed on the Bitcoin network was propelled by the introduction of the Ordinals and Runes protocols. Through these protocols, tokens and various files can be registered on the chain of the pioneering asset, increasing use cases and, in turn, the number of transactions.
Only Runes, which was the protocol to enhance BRC-20 tokens, has accounted for more than half of the daily transactions on the Bitcoin network since the end of last month when it was implemented by Ordinals developer Casey Rodarmor.
As shown by 'Dune Analytics', Runes transactions have accounted for over 60% of daily operations executed on the Bitcoin network since last weekend. This indicates a resurgence of interest in the protocol, which waned a couple of weeks after its launch.

Runes transactions have accounted for over 60% of daily operations processed since last weekend. Source: 'Dune Analytics'.

To provide better context, on May 4th, there were 421,748 Runes transactions on the Bitcoin network and 2,807 Ordinals transactions. In contrast, there were 230,276 operations on the main BTC chain. The story was similar the following day, with 304,306 Runes transactions on Bitcoin, 1,354 Ordinals transactions, and 193,439 via the traditional route.
Bitcoin miners benefit the most from increased interest in Runes, as higher transaction volumes congest the network, leading to increased fees. These fees are a fundamental part of the reward for mining Bitcoin.

Source: Cryptonoticias.com

#Write2Earn‬ ‬ #BTC #Binance $BTC

However, the growth slowed down as the price of the cryptocurrency king only moved marginally in the last 48 hours. Does this hint at a new price correction?

$BTC price moved marginally in the last 48 hours. Metrics and indicators suggest #BTC could become volatile in the next seven days. Several investors speculate on a new bullish rally for Bitcoin as its price gained bullish momentum on May 3rd.

Is Bitcoin Really Bullish?
Moustache, a popular crypto analyst, recently tweeted highlighting some events hinting at a bullish upturn.
For the uninitiated, BTC price dipped below $61,000 on April 30th.
However, the king coin managed to surpass that mark, turning it into support and hinting at a new price increase.
The tweet highlighted that BTC rose after touching a key trendline. Historically, whenever BTC price bounced back after touching the trendline, its price sharply increased.
Furthermore, the Relative Strength Index (RSI) surpassed a descending wedge pattern. This indicated that the #RSI would increase, supporting the possibility of a bullish BTC run.
AMBCrypto's analysis of Glassnode data revealed another bullish signal. "We found that the Bitcoin reserve risk gained bullish momentum within the green zone". Every time this happened in the past, BTC price gained bullish momentum.

What to Expect from BTC
Although these aforementioned metrics seemed bullish, BTC price action did not correspond. According to CoinMarketCap, BTC price only moved marginally in the last 24 hours. However, investors should not lose hope yet, as some metrics suggest an increase in BTC volatility.
AMBCrypto's analysis of CryptoQuant data revealed that the net BTC deposit on exchanges was low compared to the average of the last seven days, suggesting low selling pressure.
The coin's Coinbase premium was also green, indicating that buying sentiment was dominant among US investors.
Some market indicators also suggested that BTC could become volatile in a northward direction in the next seven days.
In particular, the coin's Chaikin Money Flow (CMF) recorded a strong uptick. Its #MACD showed the possibility of a bullish crossover.
If BTC manages to become volatile next week, it will be crucial for the coin to surpass the $66.9k resistance level. A successful breakout above that level could allow BTC to reach $71,000.
If everything remains bullish, BTC may even surpass its all-time high in the coming days.
Sources: TradingView, CryptoQuant, Glassnode

#Binance #Write2Earn‬

Avalanche surged more than 7% over the past seven days

Despite the price rally, market sentiment around #AVAX remained bearish.
Unlike most cryptocurrencies, Avalanche (AVAX) bulls held their ground as the token managed to sustain its upward price trend.
Indeed, its price reached a critical level that could trigger a bullish breakout, potentially allowing it to surpass Shiba Inu (SHIB) to become the eleventh-largest cryptocurrency.

Avalanche on the Verge of a Breakout
According to CoinMarketCap, the price of AVAX had risen more than 7% over the past seven days. In just the last 24 hours, the token's value increased by over 4%.
At the time of writing this article, Avalanche was trading at $37.09 with a market capitalization of over $14 billion, making it the twelfth-largest cryptocurrency.
Meanwhile, World Of Charts, a popular crypto analyst, recently tweeted highlighting a descending wedge pattern that emerged on AVAX's 4-hour chart.
The good news was that AVAX's price was on the verge of breaking out of that pattern. If the token manages to do so, investors can expect a massive bullish rally.
The upcoming rally could also potentially allow AVAX to surpass SHIB, as the difference in their market capitalizations was only $400 million. Analysis by AMBCrypto of Glassnode data revealed more concerns for #SHİB
SHIB's NVT ratio recorded an increase, indicating a price drop. A decline in SHIB's price could aid AVAX in overtaking the meme coin if it breaks above the descending wedge.

Is an AVAX Bullish Rally Inevitable?

To gauge the possibilities of AVAX remaining bullish, AMBCrypto analyzed its metrics. We found that its open interest increased alongside its price.
This suggested that the bullish rally could continue and allow AVAX to break out of the descending wedge. However, sentiment around AVAX remained bearish as its weighted sentiment remained low.
The Chaikin Money Flow (CMF) supported the possibility of a breakout as it recorded an uptick and headed further above the neutral mark.
Additionally, the MACD also showed a bullish crossover, further suggesting a continued price uptrend.
However, the Relative Strength Index (RSI) and Money Flow Index (MFI) remained bearish as they moved sideways in recent days.
Considering the best-case scenario where AVAX breaks out, the first possible target it should aim for is $40.
A successful breakout above that level could allow the token to surpass $50 in the coming days, potentially resulting in $AVAX overtaking $SHIB
SHIB's NVT ratio recorded an increase, indicating a price drop. A decline in SHIB's price could aid AVAX in overtaking the meme coin if it breaks above the descending wedge.
Sources: Glassnode, TradingView

#Write2Earn‬ #binancesuquare

"In my opinion, it is inevitable that the price of bitcoin will reach $100,000 this year," said PlanB, cryptocurrency expert and specialist at the Quant Analyst firm.
According to the analyst, miners' income has to be recovered: "Normally, in the last three halvings, they were recovered within a period of four to eight months. So that would be during 2024. And the only way for mining income to be recover is for the price to double. So estimating from the current price of 60 thousand dollars, we should be well above 100 thousand dollars this year.

Recent reports from Bitfinex suggest that price consolidation after the halving could be faster than expected

Despite their inherent risk, cryptocurrencies continue to attract investors from around the world, generating a constant flow of daily million-dollar transactions.
Bitcoin's recent #halving event, which halves rewards for miners, seeks to control inflation and maintain scarcity of this market-leading cryptocurrency.
This phenomenon, which occurs every four years, or after 210 thousand blocks are mined, usually leads to an increase in the value of #Bitcoin , although this increase may take time to fully manifest. However, analysts indicate that the effects could be closer than anticipated.

The next evolution in the #criptomonedas mining process promises to be more efficient and sustainable.
The anticipated #halving has arrived, and with it, a notable change in the world of cryptocurrencies. Despite continued technological advances in cryptocurrency mining, this event marks a significant milestone.
Jack Dorsey, known for being the founder of #Twitter and the current CEO of #Block , has recently announced an important milestone: the completion of the production of 3 nanometer chips intended for #Block mining. t-23/> ( $BTC ) by your company. This breakthrough marks the beginning of a renewed focus on creating innovative mining design, in collaboration with one of the world's leading semiconductor factories.