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‘Nvidia of crypto’ signals bullish trend reversal in network activity

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Render (RNDR), the “Nvidia of crypto,” had a remarkable performance in the 2024 first half, earning the attention of investors. Now, network activity data suggests the cryptocurrency could be ready for a bullish trend reversal after a month of downtrend. According to a post by the on-chain analyst Ali Martinez on X, RNDR’s trend has changed from bearish to bullish. Notably, Martinez points out that the network’s daily active addresses and whale transactions experienced a “notable increase,” signaling the reversal. #Render has experienced a notable increase in daily active addresses and whale transactions, indicating a potential trend reversal for $RNDR from bearish to bullish. pic.twitter.com/sRWpydis6r — Ali (@ali_charts) July 14, 2024 Why is Render the ‘Nvidia of crypto’? Render has earned the moniker “Nvidia of crypto ” due to its innovative approach to graphics processing in the blockchain space. The platform leverages idle GPU power from a global network

Cryptocurrency dethrones BTC payments in Europe’s biggest Bitcoin store

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In a surprising event, Monero (XMR) dethroned Bitcoin (BTC) as the most used cryptocurrency in Europe’s biggest Bitcoin store . According to ShopinBit ‘s monthly report, three in every four users paid with XMR in June. Notably, the e-commerce shared this data in an X post on July 12, highlighting 74.54% of all payment s made with Monero and 23.64% with Bitcoin. 1.73% of the payment s used Bitcoin’s Lightning Network, while 0.08% used fiat currencies. In this context, ShopinBit launched a challenge and will focus more on XMR if this trend continues. Picks for you Bitcoin or Gold? We asked ChatGPT-4o which asset is a better buy for the second half of 2024 46 mins ago ChatGPT-4o sets BTC's price after US 2024 Bitcoin Conference

6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod

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As more and more investors choose to keep their Ethereum assets frozen rather than actively selling them, the Ethereum ecosystem suddenly finds itself severely short of supplies. The second-largest cryptocurrency in the world could face serious challenges going forward depending on the planned behavior of market players. Related Reading Analyst Upbeat On USTC, Sees Price Soaring Over 300% 8 hours ago Ethereum Supply Tightens Up The first sign of this supply gap came earlier this month when an unknown market player moved a staggering 6,400 Ethereum to the Beacon Chain depositor wallet. The Beacon Chain, which checks recently added blocks to the network, is the basis of Ethereum 2.0 This big action suggests that investors might be inclined to lock down their ETH holdings instead of aggressive trading. 6,400 #ETH (20,015,930 USD) transfer

Notcoin Price Tops Weekly Gainers With 56% Pump As This New SHIB Derivative P2E Meme Coin Rockets Towards $1 Million

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The Notcoin price surged 56% in the past week, despite a 3% tumble in the last 24 hours, to trade at $0.01543 as of 04:02 a.m. EST on trading volume that rose 8% to $404 million. This comes as the new Notcoin Telegram Gaming Accelerator kicks in, with a massive $50 million funding that backs the partnership with Helika Accelerate. Game devs, let's build something truly amazing. (Not) Contest is coming. https://t.co/4knpE3P8pU — Notcoin Ø (@thenotcoin) July 3, 2024 Helika and Notcoin will help game studios, mobile apps, and indie developers to develop great gaming experiences on the Telegram platform and TON blockchain. Notcoin Price Set For A Trend Continuation Over The Symmetrical Triangle Notcoin Price Chart Analysis Source: GeckoTerminal.com The Notcoin price has been on an upward trend in the last week, soaring through a markup phase, before encountering some resistance around $0.017, data from GeckoTerminal shows. The price of Notcoin has since been moving

New Ethereum Meme Coins PeiPei and WienerAI Trending – Next Dogecoin Contenders?

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The bull market is back, with crypto prices levitating today. But that’s business as usual for meme coins PeiPei and WienerAI, which have been on moon missions throughout the past weeks. PeiPei Catches Tailwind Amid Market Rally Bullish momentum has swept the crypto market today, but all eyes are on meme coins. Pepe-inspired PeiPei token has had the biggest boon, with its price soaring by 13%. That means investors who bought $10K of PeiPei yesterday would have woken up with an extra $1,300 in their pocket today! And it’s just another day at the office for the Pepe reboot. The token has made several new highs since its launch in June, blessing early investors with substantial returns

Bitcoin Price Prediction: Donald Trump To Speak At Largest Bitcoin Conference This Month As Investors Flock To This Learn-To-Earn Crypto For 10X Gains

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The Bitcoin price rose 2% in the last 24 hours to trade at $57,716 as of 01:20 a.m. EST on trading volume that plunged 14% to $24 billion. This comes after it was announced that Donald Trump will speak at the the Bitcoin 2024 Conference in Nashville later this month. Trump will speak at 2 p.m. CT for 30 minutes on the last day of the conference, which runs from July 25-27. Trump has in recent times pivoted to pro-Bitcoin policies , and even said he will be ”crypto president” if he beats Joe Biden in November’s elections. DONALD TRUMP TO SPEAK AT BITCOIN 2024 CONFERENCE IN NASHVILLE pic.twitter.com/0qjyUO54VA — Dylan LeClair 🟠 (@DylanLeClair_) July 10, 2024 The news offers hope for Bitcoin’s recovery after a 15% slump over the past month, primarily due to selling pressure from Bitcoin mining operators, Mt. Gox refunds, and a selling spree by Germany. The bears may have capitalized on the formation of the double top pattern, driving the token below the $59,856 support zone, ac

Bitcoin ETFs Get $500M Inflows as BTC Approaches $60,000

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The continued downturn for the leading cryptocurrency may be nearing an end, as Spot Bitcoin ETFs have seen $500 million in inflows this week with BTC approaching a return to $60,000. Investors have continued their embrace of the Bitcoin investment offering as a market recovery seems to be forming. The cryptocurrency is currently trading at $58,124 and up more than 1.3% according to CoinMarketCap. However, it has faced a notable downturn in recent weeks. Over the last 30 days, the token has fallen more than 16% as a bullish reversal appears to be in the cards. Source: Watcher.Guru Also Read: Germany Government or Saxony Who Is Selling Bitcoin? BTC Looking to Return to $60,000 as ETFs Flourish Despite weeks of poor performance, Spot Bitcoin ETFs have flourished with $500 million inflows as BTC is attempting a comeback. Indeed, the investment vehicle has been massive for the asset. Its approval in January was the catalyst for its surge to a $73,000 all-time high in March of this year. Bl