The cryptocurrency market is in the throes of a dynamic evolution, most notably with Bitcoin having a 50% possibility to hit $100K by the year-end according to numerous options data. Crucially, US Inflation data comes in at 2.3%, causing speculation on the impact on Bitcoin. Fears and uncertainty are eased as on-chain data suggests the Bitcoin bull run may indeed have considerable distance left to run. Amidst this tumultuous fiscal atmosphere, a revolution is happening with a **Decentralized Data Crowdsourcing** principle proving key in counteracting Big Tech's influence. A similar shift is evident as a age of Interoperable Data Opportunities is ushered in by **KYVE**. As a result of these and other industry shifts, it appears **AI** and **Big Data** tokens see a surge of 131% amid a broad Bitcoin run.
Across the industry, there's a myriad of advancements and situation shake-ups. Notably, the data availability project **Celestia** has a successful $100M foundation raise while **Partisia**'s blockchain may be poised to solve the data privacy issue. In other developments, on-chain data suggests **Dogecoin** and **Shiba Inu Whales** are placing big bets on a viral Ethereum token, while new methods to fetch crypto data using Python are demonstrated.
Regardless of the fluctuating nature of the market, one fact remains consistent: holding Bitcoin has profitable 98.5% of its existence. Cryptocurrency continues its potential trajectory, albeit with natural market fluctuations and global economic factors coming into play.
DATA Coin News Analytics from Thu, 29 Feb 2024 08:00:00 GMT to Wed, 27 Nov 2024 16:14:19 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 2
