Bittime – Today's crypto news, May 14, 2024, is marked by a decline in BTC and ETH prices which could be a bearish prediction for crypto. Apart from that, crypto news is also filled with the launch of various crypto projects from several tokens, such as Node Beta from zkSync, the launch of Pudgy on GameStop, and the preparation of the launch of a new mainnet by Saga.
Let's look at the explanation in more depth in this article about the highlights of today's crypto news.
Latest Projects in the Crypto Ecosystem
There are six interesting project news to watch from the crypto ecosystem today. The following is the explanation.
1. zkSync Node Beta Launch
This Node Beta launch aims to improve the scalability and accessibility of the Ethereum Layer-2 platform. Additionally, Node Beta also offers a simplified setup process and lower hardware requirements. This enables more individuals and organizations to run zkSync nodes.
2. Pudgy Penguins Coming to GameStop
Pudgy Penguins is officially available at GameStop so it can expand its reach to new audiences in the world of gaming and NFT. Because, with this collaboration, users can buy and sell Pudgy Penguins NFTs on the GameStop platform.
Check Today's Crypto Market:
3. Launch of the Apollo Program by MATR1X
The Apollo Program is a program that consists of various interesting activities, including the $MAX airdrop and a collection of top weapon skins. Users can also open treasure chests to get top souvenir weapon NFTs and $MAX tokens. The Apollo program will soon be launched by MATR1X.
4. Snapshot Saga Vault Two
Saga announced that Saga Vault Two snapshots will be taken within the next 30 days. This means that the Saga mainnet will soon be launched, which marks the transition from the development phase to the operations phase.
5. ZKWASM Lab to be given Dolphin Lab
Delphinus Lab announces plans to integrate third-party evidence services into ZKWASM Hub. The aims of the ZKWASM Hub are:
- Improve the performance and scalability of the ZKWASM platform
- Provides a better experience for developers
- Results in 20% performance improvement for polynomial scoring
- Increasing adoption of ZKWASM
6. Joining TARS Protocol to Google for Startups
TARS Protocol was selected in the Google for Startups program. In doing so, TARS Protocol will gain access to guidance and support from experts in the AI industry, driving innovation and strengthening their platform for the future.
Bitcoin Price and Revenue Drop, What is the Impact on Miners?
On May 13, the price of Bitcoin was above $62,000, but today Bitcoin is sluggish again. The price of BTC fell to below $62,000, more precisely 61,379.97. The increase was very small, namely only 0.47%.
This BTC price condition makes you anxious because the price could continue to fall.
BTC conditions have been very volatile since the halving. Not only the price, but Bitcoin income also fell. For miners, this is of course sad news, especially during yesterday's halving, mining rewards also fell from 6.24 BTC to 3.125 BTC per block. Apart from that, income from transaction fees has also decreased since the beginning of last May.
Also Read: 5 Tokens in the Top Rank: IPV, TRUMP, TRB, UMA, CEL
Nearly ETH Price!
Similar to BTC conditions, ETH has also had a fluctuating price recently. The normal ETH price point that users and analysts note is $2,900. Previously, ETH experienced a decline below that price.
Even though it is now above $2,900, the difference is small, namely only $2,916.44. This price also results from a decrease of 0.42%. It is suspected that ETH's fluctuating prices could be a sign that the crypto bearish season will soon occur.
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Conclusion
Various launching projects in the crypto ecosystem make users and investors happy because they will make crypto even more attractive. That way, price increases can occur when various tokens become more active in feature development, especially when collaborating with other parties.
However, on the other hand, when two giant tokens, namely BTC and ETH, experience extreme price fluctuations, even falling continuously, the crypto ecosystem also becomes disrupted. Because it could be that the decline in the prices of these two tokens marks a bearish crypto season. So, miners and investors must prepare themselves.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also:
Dogecoin Experiencing Bullishness Again? Is There Any Improvement?
SAGA Token Price Prediction in 2024!
DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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