The sector of crypto economy dedicated to artificial intelligence (AI) has been expanding steadily, and in the past 34 days, since Nov. 29, 2023, the market capitalization of AI-focused crypto assets has surged by $ 1.75 billion. A majority of the leading ten AI tokens experienced substantial growth, with more than half recording gains …
In the last week, markets for non-fungible tokens (NFTs) minted on top of Bitcoin have generated approximately $ 425.63 million in sales. The leading ten NFT collections over the seven-day period all originate from the Bitcoin blockchain. Several collections of Ordinal inscriptions based on Bitcoin are witnessing substantial trading volumes, establishing strong baseline values …
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $ 18.69 per transfer, marking a high of 0.00051 BTC. This surge represented the second-largest increase in 2023. However, the following day saw a reduction in onchain fees. Despite this, as of 8:13 a.m. Eastern Time, there was a considerable backlog …
In a recent “Blockchain Letter” to investors, published on August 22, Pantera Capital — a venture capital firm headed by Dan Morehead — has projected that the price of bitcoin (BTC) could soar to $ 147,843 per coin following the 2024 halving. The firm employed the stock-to-flow (S2F) ratio as a price model to …