Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Amid a market where Solana transaction volume has dramatically dropped, the focus shifts to Ethereum’s resilience, which sparks Ethereum ATH prediction discussions following a rapid recovery. As these two navigate their challenges, BlockDAG emerges as one of the best altcoins to buy, heralded by a $19.3 million presale boost and technological advances showcased in its Shibuya keynote.

With the price of BDAG projected to rise in the upcoming batches, BlockDAG is strategically poised for a significant impact. It offers promising potential to its investors, backed by innovative developments.

Solana Transaction Volume Faces Market Pressure

Solana’s market resilience is being tested as the Solana transaction volume has plummeted by 90%, recently falling from $1.08 million to a stark $106 billion. This decline reflects broader market challenges and reduced trading interest, which has pushed SOL to approach critical support levels around $162.

Amidst this downward trend, maintaining Solana’s price above the 20-day Exponential Moving Average (EMA) of $174 has become a struggle. The recent drop in Solana transaction volume and a bearish outlook on Solana’s charts underscore the difficulties ahead. However, a potential recovery above this EMA might stabilise the trading range between $162 and $205, offering a glimmer of hope for stabilisation.

Ethereum Navigates Market Volatility with Potential for Record Highs

Following a sharp sell-off, Ethereum quickly recovered, igniting discussions around an Ethereum ATH prediction. From a low of $3,411, ETH’s price surged by over 5% within 20 hours, now trading at $3,559.81. This resilience attracts attention, especially among whale investors who’ve made significant moves recently.

Analysts are optimistic, noting the Ethereum ATH prediction amidst current trends. A major deposit of 9,000 ETH and purchases amounting to over $35 million during the downturn suggest strong market confidence. With Ethereum’s previous peak at $4,891.70 and upcoming crypto market catalysts, there’s news about ETH potentially reaching new heights soon.

BlockDAG Leads Innovation: A Top Choice Among Best Altcoins to Buy

BlockDAG is at the forefront of blending blockchain’s foundational benefits—security, transparency, and decentralisation—with its pioneering cryptocurrency, BDAG Coin. This coin is pivotal, facilitating all transactions within BlockDAG’s expansive ecosystem and supporting its trajectory towards becoming a staple in the digital economy. BlockDAG’s platform empowers developers to craft state-of-the-art decentralised applications (dApps), significantly advancing sectors like decentralised finance (DeFi) and supply chain management through enhanced transparency and operational efficiency.

Amidst technological strides, BlockDAG’s market achievements are notable. Its initial presale phase successfully garnered $19.3 million, setting the stage for a projected goal of $600 million. As of batch 9, with a price point of $0.005, forecasts suggest a potential rise to $20 by 2027—a testament to its expected growth and lucrative returns for early backers.

Further solidifying its market presence, BlockDAG has made headlines with its compelling Shibuya keynote and an in-depth technical whitepaper release. These efforts have significantly bolstered its reputation, positioning it as one of the best altcoins to buy.

BlockDAG is redefining the scope of decentralised digital interactions, promising a transformative impact on both commercial and individual levels. As it expands, this innovative platform is set to reshape the landscape of decentralised technology, offering promising prospects for its community and investors.

Why Crypto Experts Consider BlockDAG In 2024

Amid the challenges seen in Solana transaction volume and Ethereum’s fluctuating prices, BlockDAG stands out as one of the best altcoins to buy. It has captivated attention with a $19.3 million presale and compelling presentations like the Shibuya keynote. The platform’s innovation, highlighted by the latest moon teaser, positions BlockDAG as a prime candidate for forward-thinking investors seeking substantial returns and groundbreaking technology.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Airdrop season continues to dominate the crypto industry, and today is no different with the arrival of Tensor’s token launch. The Solana NFT marketplace launched its TNSR token, with more than $200 million worth of tokens up for grabs via airdrop rewards and over $640 million worth of trading volume on the market in the seven hours or so since it launched.

TNSR is currently priced at $1.60 per token, according to data from CoinMarketCap, down 33% from a high of $2.45. Newly launched tokens are typically known for their fluctuating values, so this isn’t unusual.

On the other hand, new tokens sometimes notch varying starting price points depending on the data source you use, since the markets are so volatile at the start. CoinGecko, for example, shows a starting price of $1.19, and reports that the token has spiked 36% since then.

Similar to BLUR on Ethereum, Tensor introduced a rewards initiative, split through seasons 1 to 4, dating back to March 4, when Season 1 dropped. At the end of each season, participants received loot boxes, essential for creating a Tensorian NFT. Holders were rewarded for holding and staking the NFT.

One lucky Tensor user received 712K TNSR tokens, currently worth about $1.15 million worth of tokens, as verified through blockchain explorer Solscan. It’s unclear whether it’s the largest single allocation to a trader.

According to the Tensor team, the TNSR token will be used by the community to manage key parameters of the Tensor protocols, with 55% of its 1 billion supply given to the community. The initial airdrop is 125 million tokens, or 12.5% of the total supply.

Wondering if you’ve got TNSR to claim? You can verify your eligibility or check your allocation on this page here. Then, you will have 180 days to claim on decentralized exchange aggregator Jupiter. Note: United States users are not eligible for the airdrop.

In today’s attention economy, dropping tokens has become a key move for marketplaces and NFT projects to grab engagement and relevance. This strategy has historically shaken up the space. Yet, it’s still unclear how significantly this drop will alter the dynamics within NFT marketplace standings.

Tensor may be leading the news cycle today, but cross-chain rival Magic Eden continues to demonstrate a strong presence across multiple blockchain networks of late. Magic Eden is not only on Solana, but also on Bitcoin through its Ordinals and Runes presence and in the Ethereum ecosystem too. The real puzzle is figuring out how to keep everyone interested once the initial buzz around a token drop fades away.

Edited by Andrew Hayward

Key details:

Bisq is a decentralized bitcoin (BTC) alternate with a precedence on privateness.

Trade volumes have multiplied in euros, {dollars}, kilos and the Brazilian actual.

The alternate volumes of bitcoin (BTC) for nationwide currencies and cryptocurrencies elevated exponentially on the decentralized alternate Bisq throughout this 12 months 2021.

Bisq is a software program and platform that lets you alternate bitcoin for nationwide currencies from everywhere in the world. In it, the custody of the funds and the administration of the negotiation are within the arms of the customers.

Reddit person bertvanhouten posted on the Bisq discussion board the info on the alternate quantity of that platform, displaying how they’ve elevated exponentially in recent times.

In 2019, 2.6 million euros (EUR) have been exchanged on the platform; in 2020, EUR 6 million; Y in 2021, EUR 18 million have been exchanged, tripling in that interval (2020 to 2021) its alternate quantity.

Concerning US {dollars} (USD), USD 1.3 million have been exchanged in 2019; USD 3.8 million in 2020 and USD 8.1 million in 2021.

In British kilos (GBP), the forex of the UK, the buying and selling quantity went from GBP 500,000 in 2019 to GBP 4.9 million in 2021.

Apparently, Brazil additionally noticed its commerce quantity improve, going from 300,000 reais (BRL) in 2019 to BRL 1.3 million in 2021.

Bisq celebrates the rise within the quantity traded due to its intermediation between suppliers and demanders. Supply: r / bisq – Reddit.

From Bisq they indicated to CriptoNoticias that this 12 months 2021 43,000 exchanges have been made on the platform, whereas final 12 months (2020) 37,000 and 26,000 in 2019.

In complete, a complete of 2,800 BTC on the platform throughout 2021, which is equal to USD 138.6 million in keeping with the CriptoNoticias value calculator.

Throughout 2021, the quantity of BTC exchanges quantified in {dollars} has exploded. Supply: Bisq

Privateness, a worth more and more appreciated by Bitcoin customers

«Your keys, your bitcoins. If they don’t seem to be your keys, they don’t seem to be your bitcoins ”, is among the hottest phrases of the Bitcoin ecosystem, and that certainly we’ve all heard once we created our first pockets.

Though in recent times Bitcoin and cryptocurrency exchanges have diversified their ranges of services and products, it’s nonetheless a actuality that it’s not secure handy over custody of our funds to them.

As well as, compliance with the laws within the numerous jurisdictions by the exchanges might result in the blocking or confiscation of the funds of customers who don’t adjust to the total identification or supply of their private information.

Notably, Bisq has all kinds of fee strategies, together with sending money by publish, an choice that – like different options of the platform – is privacy-oriented. It additionally permits using different not so non-public strategies, for instance, Strike, as we reported in CriptoNoticias.

You do not want to finish a Know Your Buyer (KYC) registration to make use of Bisq; because it may also be used from your individual node or Bitcoin pockets.

The significance of self-custody, along with privateness, appears to be more and more valued by Bitcoin customers, and that is mirrored within the improve in alternate volumes of Bisq, which this 12 months has additionally enabled connectivity by way of the Tor community.

There have additionally emerged P2P alternate alternate options (Peer-To-Peer, Individual to Individual) that give custody of funds to customers, resembling HodlHodl; and even on Lightning, Bitcoin’s second layer community, like LNMarkets.