Crypto News
CoinDesk 20 Performance Update: ICP Drops 5.6% as Index Trades Lower From Tuesday
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3956.13, down 0.5% (-21.14) since 4 p.m. ET on Tuesday.Three of 20 assets are trading higher.Leaders: SOL (+2.8%) and XRP (+0.2%).Laggards: ICP (-5.6%) and HBAR (-4.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
The AI Agent Token Bubble: Why 75% of Traders Are Losing Money
A study by Phut Crypto found that 88% of AI agent tokens have failed, with an average lifespan of only 17 days. 75% of AI Agent Token Traders in Red While they ended 2024 as one of the most trending digital assets, artificial intelligence (AI) agent tokens often fail to last the distance, with 88%Source link
Dogecoin Sinks After Brief D.O.G.E Pump; SOL, HYPE Lead Crypto Rebound
Dogecoin (DOGE) retraced Tuesday's gains while Solana’s SOL jumped 8% higher as crypto markets rebounded on Wednesday to reverse some losses from earlier in the week.DOGE fell 7.5% amid profit taking, data shows, to trade at 36 cents in European noon hours, paring gains after a jump from 34 cents to 38 cents on Tuesday — when it surged following the display of its token’s logo on the Elon Musk-led Department of Government Efficiency website.The website was later updated in Asian morning hours Wednesday to show another animated image of a dog. It was updated again in the afternoon to showcase only its name and a dollar sign.Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s...
Puffpaw Brings its ‘Vape-to-Earn’ Model to the Mainstream With New NFT Launch
The DePIN project aims to wean vapers off nicotine through a tokenized model that leverages financial incentives to help them quit.Source link
Bitcoin Hashprice Hits One Month Highs, A Bullish Signal for Miners
Hashprice, a metric coined by Luxor that gauges mining profitability, estimates the daily income of miners relative to their estimated contribution to the Bitcoin network's hash power. In other words, it is the expected value miners can expect from 1 TH/s of hashing power per day. According to Glassnode, hashprice is hovering above $62 PH/s, around the highest level since mid-December.What's driving the increase in hashprice? Well bitcoin (BTC) has surged to well over $100,000, a 56% increase in three months and has given the miners some relief. The network has also seen a slight increase in miner fees of late, roughly 12 BTC per day, the highest amount for over a month, partly driven by the network's inscription activity.Due...