Author: Anmol Khatiwada

NFTs Hit $158M in Weekly Sales, Powered by Ethereum and Bitcoin

NFT sales just hit $158M this week, led primarily by Ethereum ($49M) and Bitcoin ($43M), despite a 12.7% drop from last week. Solana saw a huge spike in buyers aswell, with 185K+ active users. The NFT market’s still strong, closing November with solid momentum after a record-breaking October.

NFTs are still holding strong despite a slight dip this week, with $158 million in sales over the last seven days, according to CryptoSlam. While that’s a 12.7% decrease from last week’s $181 million, the numbers are still looking solid, especially when compared to earlier in November when sales were only around $93 million.

Ethereum continues to dominate the NFT scene with $49 million in sales, though that’s down 25.9% from the week before. Bitcoin NFTs are also holding their own, recording $43 million in sales, though that’s a 29% drop.

You might like: Solana (SOL) Surges Past $260 as Binance Coin (BNB) Holds Steady

But here’s where things get interesting: Solana, which has been flying under the radar, just smashed it in terms of buyers. With over 185K Solana users actively picking up NFTs this week, which is a 58% jump from last week, its giving off positive vibes all over! In comparison, Ethereum, while leading in sales volume, saw a slight dip in buyer activity.

Other networks like Polygon, Mythos Chain, Immutable, and BNB Chain combined for $35.8 million in NFT sales this week. And although the average transaction value dropped a little, from $133 to $126, it’s clear that interest in NFTs is holding steady.

Looking at the bigger picture, the NFT space is showing some serious resilience. October saw a huge spike in sales, ending a seven-month slump, and now November is keeping the momentum going. Despite the fluctuations, the rise in Solana’s buyers and Ethereum’s continued dominance show that the digital collectible market is alive and kicking.

Despite a minor decline this week, NFTs are still doing well; according to CryptoSlam, sales over the past seven days have totaled $158 million. Even while it is a 12.7% drop from previous week’s $181 million, the figures appear to be stable, particularly when contrasted with sales of only about $93 million earlier in November.

With $49 million in sales, Ethereum is still the market leader in NFT, despite a 25.9% decrease from the previous week. Despite a 29% decline, Bitcoin NFTs are still doing well, with $43 million in sales.

Continue Reading: Render (RNDR) Skyrockets 40%: AI-Powered Crypto Faces Key Turning Point

Solana (SOL) Surges Past $260 as Binance Coin (BNB) Holds Steady

The crypto market’s on the rise, and Solana (SOL) is absolutely crushing it on the game, crossing $260, and Binance Coin (BNB) is just chilling, waiting for its next move. Solana’s hype is real, with predictions to hit $1,000+ by 2025, while BNB might soon break out and hit $1,000.

The crypto market has been on a constant rise of a while now and it continues to grow even bigger everyday. Solana’s token SOL swung high up and soared past $260 recently. Meanwhile, Binance is also preparing itself for a massive jump very soon.

Solana Prediction Till 2025

Solana (SOL) is going off hard right now. It’s been outpacing a lot of top altcoins, with its price skyrocketing 60% this month, crossing $260. Over the past week, it’s up more than 25% and looks set to close above $270 for the week.

Solana may swiftly surpass $300 if it can merely break above $265, which would increase investor confidence. Top cryptocurrency Gs are rather optimistic on it, and indicators like the 20 VWMA and the 14-day RSI are also displaying additional higher momentum.

According to well-known pundits like blue_collarvest, Solana might reach $1,300 by 2025. CryptoYapper predicts that in the upcoming six to twelve months, it will rise between $1,000 and $1,200. Given the increasing interest in memecoins, Solana is among the greatest cryptocurrencies to wager on at the moment.

Binance Coin (BNB): Returning Soon!

Binance Coin (BNB), the top token from the Binance exchange, hasn’t been doing that great this week. Solana has recently passed it, and BNB holders are hoping for a better run ahead. The price went up 7% in the last month and 4% this week, sitting just above $630.

Even though it’s had a slow week compared to coins like SOL, ADA, and XRP, experts believe BNB’s preparing itself for a big jump. Key indicators show it’s trading above important levels, like the 10-EMA ($619) and 10-SMA ($621), suggesting the price might go up soon.

Analysts are still bullish on BNB, predicting solid gains. CryptoFaibik set a mid-term price target of $1,000, while Blockcastcc thinks that if it breaks above $662, it could surge all the way to $1,630, making it one of the top cryptos to watch.

Continue reading: Celestia’s TIA Battles Bearish Trends Despite Rising Active Users and IBC Success

Celestia’s TIA Battles Bearish Trends Despite Rising Active Users and IBC Success

In short, Celestia’s TIA is struggling hard even with a spike in active users, ranking #2 among IBC chains. The market’s vibe is bearish AF, even its price tanked 12% this month and traders stacking short positions. Trading volume’s down nearly 50%, and with such bearish momentum rising, TIA could dip to $3.6 soon pretty quickly.

What Is Celestia, Exactly?

Simply, Celestia is a kind of blockchain that allows data sharing and collaboration amongst other blockchains. Because of its unique flexibility, developers can create their own blockchains on top of it, which helps clear out the hassles of starting from scratch. It enables users to recommend personalized blockchains for particular use cases. Additionally, it facilitates smooth data transfer and interoperability between blockchains through the use of the Inter-Blockchain Communication (IBC) protocol.

TIA’s Current Condition

TIA is Celestia’s native token which is used for staking, securing the network, and paying for transaction fees. It also looks after governance, as holders can vote on protocol upgrades and changes.

The condition of Celestia seems to be rather bearish even with the surge in number of active users. Since last week, it has pulled about 62,650 active peeps and ranked 2nd among IBC blockchains for activity. Even with this positivity, nothing could help from TIA’s price sliding down the charts. Its market cap dropped 6.29% to $2.14B, and trading volume tanked nearly 49%. Open Interest dropped 7.33% to $238.65M, with shorts totally overpowering longs. Longs just got smoked with $941K liquidated, and analysts think the price could tank even more if this keeps up. The market’s just not feeling it right now.

Read more: 15 Charged in U.S. for Laundering Drug Cartels’ Cash via Cryptocurrency.

Woo X Launches AI-Powered ‘George AI’ for Crypto Copy Trading, Pitting Humans Against Machines

In short, Woo X just dropped “George AI”. Its an AI-powered tool for crypto copy trading. It will allow users to follow machine-driven strategies that analyze market trends and social media sentiment. In partnership with Kaito, they’re shaking up trading with AI vs. human challenges. This really begs the question, can humans still compete, or is AI finally taking over?

For introductions, Woo X is basically a popular cryptocurrency exchange known for its advanced trading features. It offers users access to cutting-edge tools for crypto trading. Their main focus lies on providing a seamless experience for traders, combining features like deep liquidity, AI-driven insights, and innovative products such as copy trading. And now, on a recent announcement they have introduced a new AI-powered tool called “George AI” to its copy trading platform, allowing users to follow and replicate the trading strategies of a machine learning model. 

Also read: AI Firm Genius Group Adds $14M to Bitcoin Treasury, Shares Jump 8.5%

About George AI

George AI is a powerful machine learning tool integrated into Woo X’s copy trading platform. It will give users an opportunity to follow and replicate the trading strategies of an AI model that analyzes market trends and sentiment. George AI makes use of advanced sentiment analysis to decode chaotic and noisy crypto-related data, something traditional sentiment tools in stock markets struggle with. This helps traders immensly on their journey as it gives direct AI-driven, well calculated insights.

The development of this AI was done in partnership with Kaito, an AI company, George AI scans social media platforms like X (formerly Twitter) and Discord for crypto sentiment, providing insights to traders on market movements.

You might like: Optimism Price Surges 23%, Market Cap Hits $2.6B

Yo-Yo.ai Teams Up with $300M Hedge Fund to Unveil Real-Time Crypto and Stock Prediction Model

In brief, Yo-Yo.ai just dropped a game-changer for crypto and stock trading. They’ve launched their 10-sec prediction model with 75% accuracy (way better than the usual 63%). They’re making a collab with a $300M hedge fund and offering free live predictions on their site right now. Their new upcoming Yo-Yo Pro tool plus the $YOYO token-powered DeFi Vaults are giving off next-level trading vibes.

For introductions, Yo-Yo.ai is basically a cutting-edge AI research lab that’s mainly focused on revolutionizing predictive trading. They have just stepped up their game by launching a $300 million programmatic hedge fund to make use of its advanced AI-driven price prediction engine. Its got a 75% accuracy rate which is big improvement from their previous 63% benchmark.

The 10 second prediction model is now live on their website and is available publicly on their official Yo-Yo.ai website. Yo-Yo.ai is also really hyping up the Pro version by offering free prediction feeds. This new Yo-Yo pro basically delivers 1, 5, and 15-minute forecasts with a solid 75% accuracy, and soon it will power up its $YOYO token-based DeFi Vaults for automated crypto trading. Using next-gen AI tech, it keeps accuracy stable even in wild markets, making Wall Street take notice.

You might like: Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

YO-YO Price Forecast

The price of Yoyo (YOYO) is $0.00003643 today with a 24-hour trading volume of $285.32. This does represent a 4.52% decline in the past 24 hours but if we considering a month, its up by an impressive 46.32% price increase. So, there’s a chance for bounce back. The market cap and the data about total number of circulating supply are currently unknown.

Read more: Arkham Unveils New Spot Trading Exchange Set to Launch in the US

Blockchain security firm warns of AI code poisoning risk after OpenAI’s ChatGPT recommends scam API

Yu Xian, known for founding Slowmist has just exposed a new vibe-killer titled as “AI code poisoning”. Basically, this means that now scammers have stepped up their game with shady codes from AI space. One dude lost $2,500 after ChatGPT suggested a fake Solana API. It’s a big wake-up call—AI tools are getting played, and users gotta stay woke to avoid getting scammed.

The founder of Slowmist, a leading blockchain security firm known for protecting crypto ecosystems, named Yu Xian has warned users about AI written malicious codes. He’s a trustable source to believe, as his previous works prove him to be an expert in cybersecurity. His expertise lies on uncovering and preventing threats like hacks, scams, and emerging risks such as AI code poisoning in the blockchain space.

The ChatGPT Blunder

Xian mentioned the recent incident regarding a famous OpenAI’s chatbot, ChatGPT which apparently suggested a fraudulent Solana API website. This incident occured on this past week, where a trader by the name “r_cky0” said he lost about $2500 in digital assets after seeking GPT’s recommendation in creating a Solana-based memecoin generator Pump.fun.

The fraudulent website chatGPT suggested led to a theft of the users personal information, including his private keys. He noted that within just 30 mins, his overall wallet went numb and got linked with the scams.

AI bots making such blunders are getting more common, this case is similar to another famous incident where there were clear signs of an AI writing malicious code.

Read more: AI Firm Genius Group Adds $14M to Bitcoin Treasury, Shares Jump 8.5%

Arkham Unveils New Spot Trading Exchange Set to Launch in the US

Arkham Intelligence is launching a new spot trading exchange in the US, expected next week. US users will have to wait until it’s fully regulated. Its aiming to compete with Binance with big alibi as investors, like Sam Altman. Arkham’s token, ARKM, is trading at $2.09 with a $663M market cap.

Arkham Intelligence is a crypto market analytics platform which specializes in providing intelligence and data insights to help users navigate the blockchain and cryptocurrency space. It was launched in 2020 and its main aim is to bring transparency to the crypto market by offering tools for tracking on-chain activity, analyzing market trends, and providing insights for traders and investors. It is now expanding into the spot trading exchange game to compete with major platforms like Binance.

They announced this news on the social media platform X. They basically announced their plans to start a new spot trading service in the US, launching as soon as next week. However, Arkham does note that some of the users in US might not have availability of it until its fully developed.

You might like: Bitcoin Breaks $97K, Over 80% Odds of Hitting $100K This Month

Previously on October, they announced that it would be launching a derivatives exchange as a means of competing with Binance, which is arguably the biggest crypto exchange in the world.

Some sources suggest, Arkham was actually building the technology and digital infrastructure required to operate the exchange themselves and was in close contact with whales in the Middle East to raise $100 million. Other investors include the man,  CEO of OpenAI, Sam Altman himself.

Conclusion

Arkham Intelligence is really posing itself as a key player in the crypto market, with plans to launch its own exchange while attracting significant investment and backings from prominent figures like Sam Altman.

Read more: Render (RNDR) Skyrockets 40%: AI-Powered Crypto Faces Key Turning Point



Render (RNDR) Skyrockets 40%: AI-Powered Crypto Faces Key Turning Point

In short, RENDER has managed to surge by over 40% in a month. It has become one of the finest AI-focused cryptos with a mindblowing $4.1B market cap. The decline in whale activity and weakening of Bollinger Bands signal lacky momentum. Top crypto Gs predict $8.29 resistance or $5.00 support levels. NVIDIA’s earnings may also influence performance, but still, caution surrounds RENDER’s long-term trajectory.

Render (RENDER) has become a major player in the AI crypto space, surging by 40% in the past month, now holding a market cap of $4.1 billion. It’s leading the charge for AI-focused cryptocurrencies, but the road ahead is all foggy, with some warning signs flashing.

One of the biggest upset for it can be the drops in whale investor activities. The number of large holders (those with 100,000 to 1 million coins) has decreased from 218 to 177 between November 1 and now. This strongly suggests a lost of confidence from major players which ultimately means, even though the price is up, volatility is inescapable.

Additionally, the Bollinger Bands Trend (BBTrend), a technical indicator, offers mixed signals. After hitting a three-month high of 29.7 on November 14, it has fallen sharply to around 6.4, showing a huge loss of momentum. While its still technically positive, this dip does raise concern on a longer run and hints sharply towards a reversal. Plus, there are very few whales backing up the coin to keep it afloat.

You might like: Meme Coins Push Solana to Record Revenue Heights

Price Projections: Bulls vs. Bears

In a bullish scenario, analysts believe RENDER could push to resistance levels at $8.29 and possibly $9.47, which would be the highest price since May. But if the momentum goes numb, support levels could drop to $6.30, $5.80 or even as low as $5.00.

External Factors and Market Sentiment

Render’s performance could also be affected by some external factors like NVIDIA’s earnings report. Both RENDER and NVIDIA are heavily involved in GPU-powered technologies, so a strong report from NVIDIA could boost market confidence in RENDER. Some crypto analysts, like Rendoshi Tokamoto, have even praised RENDER’s chart, calling it “the best-looking in crypto,” suggesting there’s still potential for further growth.

More about Render: Render vs. Theta: Why Millennials Are Betting Big on Digital Art Over Decentralized Video Platforms

DCG Unveils Yuma: Pioneering Decentralized AI with Bittensor Revolution

DCG has launched Yuma to back startups building on Bittensor’s decentralized AI network. It is led by Barry Silbert, Yuma offers funding, tools, and expertise to create innovative AI projects. As a top Bittensor validator, it supports AI subnets like text tools and fintech, pushing crypto-AI collabs with TAO at the core.

DCG, short for Digital Currency Group is an international investment firm. It is the forefront of blockchain and cryptocurrency innovation. It basically operates as a key player in the digital asset ecosystem by supporting mainstream groundbreaking technologies and startups. By investing in companies and projects that shape the future of blockchain and crypto, DCG continues to automate the adoption of decentralized technologies worldwide quickly. This firm recently launched its Yuma project which is set to change the landscape of decentralized AI.

What is Yuma?

Yuma is basically a subsidiary launched by Digital Currency Group (DCG) to accelerate innovation in decentralized artificial intelligence. Its main focus is to enable startups and enterprises to build projects on Bittensor, a decentralized AI network. It will act both as a research hub and a development partner by providing funding, infrastructure, and technical expertise to empower developers in creating AI-driven applications.

It will benefit DCG in numerous ways, which includes accelerating overall innovation, validating and developing subnets, supporting AI development, and offering creative incentives.

Read more: Meme Coins Push Solana to Record Revenue Heights


Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

The Simon’s Cat token (CAT), launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is tied to the Simon’s Cat brand and backed by its $5.8 billion revenue IP. Its early access was offered to BONK holders on Solana, which ended up raising $240,000 via vaults. Solana’s recent memecoin surge has seemingly increased in huge demand for its ecosystem, including some record-breaking trading fees.

The Simon’s Cat Token known as CAT is a memecoin launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is getting whale’s eyes all over it as of recent. It is the first major cat-themed token on the BNB Chain and is formally tied to the popular Simon’s Cat brand, which is supported by its $5.8 billion intellectual property. It mainly targets meme enthusiasts by offering them early access incentives to BONK holders via Solana. Its close ties with Solana really boosts the platform’s growing role as a hub for memcoin activities. They also offer early access incentives to BONK holders via Solana.

You might like: Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

Basically, BONK holders can score early access to Simon’s Cat Token (CAT) on Solana with a 12-month token lock. The vault which was initially capped at just $100K worth of CAT at a discount, smashed through every expectations and reached $240K in stablecoins deposited overnight.

With this and the already positive vibes by Solana sets it as the ultimate memecoin hotspot. Its continuously pulling off wild trading cycles that pump demands for SOL, with these profits funneled into fresh tokens. Back in March, Solana broke its all-time fee record, raking in $3.02M in just one day, which left behind big names such as Ethereum, BNB Chain, and Tron. Clearly, all eyes are glued to Solana right now!

Read more: Michael Saylor to Pitch Bitcoin Investment to Microsoft Board

Exit mobile version