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The recent Bitcoin halving event has created a buzz in the cryptocurrency world, with the rate of new coins being cut in half. This occurrence happens every four years and has a substantial effect on the overall crypto market. But what implications does this have for the realm of gaming, especially in the emerging field
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Yuga Labs, known for creating the highly sought-after Bored Ape Yacht Club (BAYC), recently made a bold decision to burn 4,295 HV-MTL NFTs. This move came as a response to the acquisition of their gaming IPs by Faraway, a blockchain gaming studio. The burning of these NFTs amounted to 14% of the total supply, reducing
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Investors are showing renewed interest in Ethereum as on-chain data reveals a significant accumulation trend among Ether holders. Over $500 million worth of ETH has left centralized exchanges in the past week, marking the highest single-week outflow since February. This strategic withdrawal from exchanges suggests that investors are looking to hold onto their Ether for
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After the recent completion of the Bitcoin halving event, market analysts and experts are looking towards a potentially bullish trend in the BTC market. One crypto analyst, known as ecoinometrics, has made a bold prediction that Bitcoin could potentially reach six-figure price levels in the current bull cycle. The analyst’s post on Saturday highlighted the
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The NFT trading space witnessed a significant resurgence in the first quarter of 2024, with volumes across the top 10 marketplaces reaching a staggering $4.7 billion. The leading NFT marketplace during this period was Blur, recording $1.5 billion in volume and capturing a 27.6% market share, marking a significant increase from the previous quarter. Magic
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Ethereum has recently experienced a significant downturn, prompting concerns among investors. However, a closer look at the daily chart reveals an interesting trend. The price has found support within a crucial zone, consisting of the 100-day moving average at $3050 and the price range between the 0.5 ($3190) and 0.618 ($2972) Fibonacci levels. This zone
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In recent weeks, ADA, the native token of the Cardano network, has faced a decline of 18.77% in the past month. This negative price movement has been attributed to the overall turbulent performance of the cryptocurrency market, particularly following massive dips in the price of Bitcoin. However, despite these challenges, popular crypto analyst Ali Martinez
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