DeFI News by Thebittimes.Com

TLDR Several market experts are forecasting a 55% price increase for Shiba Inu (SHIB) by the end of 2024. Some analysts believe Fetch.ai (FET) will achieve a price of $3.87 by December 2024. Strong growth projections from a number of analysts have convinced investors that Rebel Satoshi ($RBLZ) could be one of the altcoins to watch. With remarkable adoption during its presale, Rebel Satoshi ($RBLZ) has become one of the top ICO choices for investors. Meanwhile, investors in top altcoins like Shiba Inu (SHIB) and Fetch.ai (FET) are flocking to $RBLZ for potential gains. Let’s explore what’s happening around SHIB, FET, and $RBLZ. SHIB’s price surge by 197% in Q1 of 2024; What’s ahead? Shiba Inu‘s native token, SHIB, went on a remarkable ride in the first quarter of 2024, aligning with the broader meme coin rally. Within the first three months alone, SHIB’s price surged by 197%. Although Shiba Inu faced a correction phase i...

RootData, a provider of visual and structured data on companies in the digital finance industry, has published a list of deceased crypto projects that failed to make it through 2023. The biggest names to make the list were Prime Trust, Yield Protocol, Wyre, Multichain and Clockwork. In total, the RootData list included 116 crypto projects that announced their closure or bankruptcy in 2023 and had inactive Internet resources for a long time. RootData analysts note: in total, the funds previously allocated for creating and financing “dead projects of 2023” exceeded $940 million. The most difficult period and the peak of the most high-profile fiascoes was the second half of 2023. At the end of June, amid the consequences of the crypto winter and Bolt Financial’s refusal to purchase, the Wyre payment platform closed. In July, after the arrest of its founder and a series of hacks, Multichain went bankrupt. You might also like: SafeMoon seeks bankruptcy amid arrests and SE...

SIDUS price skyrockets as project burns 6.8 billion tokens. The Web3 gaming and AI project has seen the price of its native utility token jump 40% in the past 24 hours. Buying pressure for SIDUS has pushed it to its highest level since May 2022. Sidus (SIDUS) price has risen sharply in the past few days, rising to its highest level since May 2022. This comes after the SIDUS HEROES team announced they had burned a staggering 6.8 billion of the native utility token ’s supply. The announcement on Friday revealed the 6.8 billion SIDUS tokens, accounting for 23.13% of the total supply. These tokens have permanently been removed from circulation, cutting total supply to about 22.6 billion. 🔥 It’s done! We’ve burned 6,826,500,000 $SIDUS tokens – 23.13% of the total supply! 🔥 ✔️ Transaction details: https://t.co/ew5O7CgeG8 Both our revolutionary votes are over – $SIDUS and $SENATE are much stronger, wit...

A new soulbound NFT project from Cobo, MetaMask Institutional and Gnosis Safe is bringing new nonfungible exclusivity and proof of identity to users. Soulbound token s (SBTs) are becoming a mainstay in the Web3 space for users and project s to define themselves in digital reality.  A Dec. 13 announcement from Cobo, a digital asset custodian and blockchain technology developer, revealed a new SBT project which unites crypto industry giants to cater to users’ developing digital identities. Cobo, MetaMask Institutional and Gnosis DAO teamed up to create “Evolution,” an SBT project , a tool to help users define themselves in digital reality and stay up to date on industry trends. A spokesperson for Cobo told Cointelegraph that since SBTs cannot be sold on the market, it helps create a bridge between Web2 and Web3 surrounding user identity. “This provides assurance to the token provider and allows them to give exclusive access and benefits to their targeted users by giving them an ident...