China News by Thebittimes.Com

In the wake of recent market turbulence, with Bitcoin dropping from its all-time high of $108,000 to as low as $92,000, the broader crypto space is facing significant volatility. Despite this setback, certain tokens are defying the trend, showcasing impressive growth. In today’s article, we focus on the top crypto gainers—Sui Crypto, Pendle, Uniswap, and Livepeer—highlighting their resilience and potential even as the market recalibrates. These tokens stand out not only for their recent performance but also for their promising long-term prospects in an evolving market. Biggest Crypto Gainers Today – Top List Despite market downturns, Sui, Pendle, Uniswap, and Livepeer stand out with impressive price gains. Sui surged 20.72% in 24 hours and boasts a 614% yearly increase, showing strong short- and long-term potential. Pendle’s 17.33% rise and 392% annual growth make it a leader in DeFi. Uniswap’s 17.15% increase and 138% yearly growth highlight its ...

The cryptocurrency market is gradually recovering, which suggests that an altcoin rally may be on the horizon. Several digital assets, such as Stacks, Sui, Polygon, MultiversX, VeChain, THORChain, and Toncoin, have already shown significant gains during this period of market improvement. As the market stabilizes, many investors are turning their attention to altcoins with growth potential, seeking to maximize their returns. This article analyzes some of the best crypto to buy now . Top Cryptocurrencies to Invest in Now Recent data from IntoTheBlock underscores Arbitrum’s expansion, with the network exceeding 1 billion cumulative transactions. Meanwhile, the Crypto All Stars presale has garnered considerable interest, raising over $1.9 million, mainly due to its distinctive staking rewards system. Additionally, the RENDER token has recently captured market attention, driven in part by its relevance in decentralized GPU rendering. 1. THORChain (RUNE) THORChain is a decentralize...

Bitcoin and altcoins are extending their rally and traders are hopeful that the gains will push higher after this week’s consumer price index data is released. Crypto and stock Markets are usually forward-looking. Meaning, traders tend to ignore the near-term negatives and focus on the positives down the line. With Bitcoin’s (BTC) next halving in 2024, analysts are shifting their attention to this event. Independent market analyst Rekt Capital highlighted this unique market dynamic in 2015 and 2019, a year before halving, Bitcoin rallied 234% and 316% respectively. If history repeats itself, Bitcoin’s price action may spring a surprise in 2023. However, the near term remains uncertain and the Consumer Price Index (CPI) data on Jan. 12 may lead to a sharp uptick in volatility. Some analysts are skeptical of the growing dominance of Altcoin trading volume, which is above 50%. According to CryptoQuant contributor Maartunn, the Altcoin dominance warns of “a potential risk for further down...

Bitcoin and select altcoins have turned down from overhead resistance levels, indicating that bears remain in control. Gold has been an outperformer in 2022 compared to the United States equities markets and Bitcoin (BTC). The yellow metal is almost flat for the year while the S&P 500 is down more than 19% and Bitcoin has plunged roughly 64%.  The sharp fall in Bitcoin’s price has hurt both short-term and long-term investors alike. According to Glassnode data, 1,889,585 Bitcoin held by short-term holders was at a loss as of Dec. 26 while the loss-making tally of long-term holders was 6,057,858 Bitcoin. Daily cryptocurrency market performance. Source: Coin360 In spite of gold’s good showing and Bitcoin’s dismal performance in 2022, billionaire investor Mark Cuban continues to favor Bitcoin over gold. While speaking on Bill Maher’s Club Random podcast, Cuban told Maher, “If you have gold, you’re dumb as fuck.” He advised Maher to “just get Bitcoin.” Could Bitcoin lead a recovery in ...

Despite their popularity, DEXs have a number of drawbacks that may be preventing growth. A new approach, however, has offered a way forward. In May 2022, at the tail of the crypto bull market, economist Eswar Prasad wrote an op-ed for the Financial Times arguing that DeFi’s promise as a means of democratizing finance was a long way from being realized. In his words, “For all its promise in democratizing finance and broadening financial access, the emerging reality suggests a concentration of economic power, while the risks fall largely on those investors least able to handle them.” Prasad is right that early DeFi projects catered almost exclusively to crypto natives, often called “degens” in Twitter parlance. However, he didn’t acknowledge that this is in fact a common pattern for any nascent industry crossing the chasm from fringe to mainstream adoption. New, transformative technology frequently starts out looking like a toy. The internet went through this same phase, as did many of ...

Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains. The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sources recently reported poll data that 85% of Americans could not afford to spend $200 on a Thanksgiving meal in November 2022, and only 25% could afford $100. However, few recognize inflation is only part of the problem. Higher costs for products and services are also directly attributable to settlement fees paid by transportation providers who are forced to take out the equivalent of payday loans against their freight invoices. Shipper payment terms in the transportation industry are known to be egregious, and most transportation carriers cannot afford to wait 30–180 days to get paid. When a carrier factors, it pledges the collection rights in its...