Bitcoin mining has become extremely unprofitable, requiring heavy investment to mine a single coin, especially in countries like US and Germany with high electricity rates. Meanwhile, with US Federal Reserve adjusting its stance, it seems like
Wall Street's entrance into Bitcoin and wider crypto could be imminent. On an interesting note, China has developed a nuclear battery that can last 100 years without recharging.
Amid these developments, famous trader
Jim Cramer advised bypassing Coinbase and purchasing Bitcoin directly. Simultaneously,
Ethereum seems to be gaining momentum, eyeing a target price of $3,450 while recording surge in active addresses within mere 48 hours.
In the realm of memecoins, the hype seems to continue despite some categorizing it as mere fun. Donald Trump's crypto coin has sparked considerable debate, with mixed responses from the industry and significant price volatility. Amid this, Tether is considering developing a US-only stablecoin under new regulations.
Elsewhere in the market, the
Pi Coin experienced dramatic price movements, including a sharp price drop and a quick recovery, triggering discussions about its potential. On another note, a coin from the American Revolution was sold for a whopping $2.5 million, underscoring the unique value some coins can attain.
The overall market outlook remains robust, with many anticipating more promising developments ahead. Key figures like Donald Trump continue to spring surprises in the world of cryptos, frequently resulting in massive price movements and generating significant discussion about the future of cryptocurrencies.
JUST Coin News Analytics from Sat, 12 Oct 2024 07:00:00 GMT to Tue, 29 Apr 2025 20:52:00 GMT -
Rating -2
- Innovation -4
- Information 4
- Rumor 1
