Author: Yeek.io

The NFT market has pulled back alongside broader crypto weakness, with Bitcoin falling to $101,000 and Ethereum dropping to $3,200. Latest CoinMarketCap data shows that the overall crypto market cap has slipped to $3.5 trillion from last week’s $3.58 trillion. According to CryptoSlam data, NFT sales volume has fallen 29.45% to $138 million this week. Despite the drop in total sales, market participation has grown, with more traders entering the space. The weekly metrics tell a mixed story: NFT sales volume fell to $137.9 million from $198.1 million NFT buyers rose 31.92% to 589,960 NFT sellers increased 33.23% to 425,135…

1. Gala GamesGala Games gives players full ownership of in-game assets. Founded in 2018, it uses blockchain and NFTs to power its ecosystem.Key Features:Expanding game library, including Town Star and Spider Tanks.Player-driven economy with governance rights.GALA token used for transactions, governance, and rewards.Community-led decision-making through node ownership.Pros and Cons:ProsConsFull ownership of in-game assets.High entry costs due to expensive NFTs.Community-driven governance.Some blockchain elements may confuse new users.Large selection of games. 2. Immutable XImmutable X is a layer-2 solution for Ethereum, designed to fix high gas fees and slow speeds. It supports Web3 games with fast, cost-effective transactions.Key Features:Zero gas fees for NFT…

The price of Ethereum (ETH) has shown some significant change in the past day rising by 1.86%. However, according to trading data from CoinMarketCap, the popular altcoin has recorded negative growth since December 2024 despite some significant gains in the past month. Interestingly, underlying market activity points to a potential price breakout. Ethereum Sees Strong Accumulation Activity Amid Price Dip Ever since touching the $4,000 price mark, Ethereum has slipped into a downtrend falling as low as $3,000. Amidst notable gains by Bitcoin in January, Ethereum continues to struggle hitting consistent lower lows during this period. However, a CryptoQuant market…

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On-chain data shows the adoption rate of XRP has accelerated recently, led by an influx of retail-sized investors into the network. XRP Total Amount of Holders Has Been Sharply Going Up Recently In a new post on X, the on-chain analytics firm Santiment has talked about the address holder growth that XRP has been witnessing recently. The indicator of relevance here is the “Total Amount of Holders,” which, as its name suggests, keeps track of the total number of addresses on the network that are carrying a non-zero balance. When the value of this metric registers an increase, it could…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple’s court win boosts XRP’s outlook, while Elluminex eyes DeFi growth on the expanding TON network. Ripple (XRP) has established its footprint across the global financial landscape, especially after its recent court victory against the U.S. SEC. This achievement has propelled the XRP price to unprecedented highs, with market forecasters touting a double-digit price for the top altcoin during this bull cycle.  Meanwhile, new interesting projects are emerging. Elluminex (ELX), a fast-rising presale star that aims to solve similar…

The woes for Pump.fun, the platform that allows the launch of meme coins on Solana, keep piling. A second lawsuit has been filed against the platform, claiming it engages in fraudulent activities and violated US securities laws. This development joins the list of growing scrutiny against meme coin projects, especially those accused of being pump-and-dump schemes. New Lawsuit Alleges Securities Violations The class-action complaint, filed by Burwick Law and Wolf Popper LLP, alleges that Pump.fun has been peddling unregistered securities masquerading as meme coins. In the complaint, it is alleged that the company misled investors into buying the tokens which…

The Bitcoin (BTC) market recorded more losses than gains in the past week resulting in a net price decline of 2.37%. Nevertheless, investors and market experts alike remain highly bullish on the premier cryptocurrency’s potential for substantial gains amidst the current bull run. Bitcoin Ready For $150,000 Price Target – Analyst In a Quicktake post on CryptoQuant, an analyst with username Percival has touted Bitcoin to achieve a $150,000 price in the current bull cycle. Commenting on the present market state which might be unsettling to certain investors, Percival states that Bitcoin’s price trajectory, marked by sharp upward spikes and periods…

MANTRA is up by close to 20x since March 2024 Altcoin’s latest breakout could push it to $6.5, before shifting to a consolidation phase Real-world asset tokenization platform (RWA) MANTRA [OM] has secured a deal with Dubai developer DAMAC to tokenize assets in the Middle East. The deal is reportedly worth at least $1 billion and went through in the first week of January. However, a price hike did not immediately follow the deal’s announcement. On the contrary, fast forward three weeks and soon, OM did hit a new all-time high. It climbed to an ATH of $5.96, before receding…

Litecoin and Mantra rallied in double-digits this week. Technical and on-chain analysis suggests the two altcoins are poised for further gains next week. Bitcoin’s flash crash under $100,000 and its return above $104,000 have fuelled optimism among crypto traders.  U.S. macroeconomic data releases, performance of tech stocks and equities, and developments in artificial intelligence are the key market movers for Bitcoin. Altcoins like LTC and OM follow Bitcoin closely as the correlation remains high.  Litecoin and Mantra could extend gains, technical analysis shows  Technical analysis supports gains in LTC and OM, on the daily timeframe. Mantra (OM) consolidated in a…