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The crypto market demonstrated its reactivity amid the publication of data on the March Consumer Price Index in the United States. The market initially corrected, but eventually managed to recover from the initial losses and returned to the green growth zone. Bitcoin, the flagship cryptocurrency, again showed a desire to strengthen above the $70,000 mark, reaching $70,849. The total capitalization of BTC was $1.40 trillion, with a weekly growth of +7.86%. Ether, the second-largest cryptocurrency, also showed strength, rising to $3,568. Interestingly, its weekly performance, +9.12%, outperformed Bitcoin. XRP and Solana also posted gains, reaching $0.619 and $172.69 respectively. BNB and Dogecoin also showed positive dynamics, rising to the levels of $614.71 and $0.198, respectively. Toncoin continues to surprise the market with its dynamics, showing performance of +12.25% and reaching $7.28. At night, it updated its price record, which indicates growing interest in this cryptocurrenc.This data demonstrates that the crypto market remains dynamic and reactive to economic news and events. Although volatility remains high, investors and traders continue to look for opportunities for growth and profit in this market.<figure id="figure-zaec660rlpluzx1i20"><img id="zaec660rlpluzx1i20" src="https://cdn.durable.co/blocks/2caVc2CBBV6S7p2pSXGMvZwh8ORypb7EzPnebQDKZ9egyHlXwFMdduPw16Z1WoKB.jpg" alt="Bitcoin Gold render" title="Bitcoin Gold render" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 3/2; object-position: center center;" data-corners="default" data-aspect="3:2" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/2caVc2CBBV6S7p2pSXGMvZwh8ORypb7EzPnebQDKZ9egyHlXwFMdduPw16Z1WoKB.jpg" data-mce-style="aspect-ratio: 3/2; object-position: center center;"></figure>

The crypto market demonstrated its reactivity amid the publication of data on the March Consumer Price Index in the United States.

In light of recent events in the cryptocurrency world, CoinGecko analysts have presented new data that confirms that after each Bitcoin halving, its value increases on average by 3230% over the next 12 months. This statistical increase in the price of Bitcoin after each halving shows a significant increase, which, however, is accompanied by a decrease in profitability.After the first halving in 2012, the price of Bitcoin increased by 8858%, and after the second halving in 2016, by 294%. The third halving in 2020 led to a price increase of 540%. This data highlights that after each Bitcoin halving, its value increases significantly, which is a key factor in its price performance.<figure id="figure-m1mwu882d6lus7uagh"><img id="m1mwu882d6lus7uagh" src="https://cdn.durable.co/blocks/ek6ZwaTXrXFL3SGR6eB8r52Q4OgQyXE37CuRaLmYsfPPMJjcDRYWdDYU2XsOxsI4.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: undefined undefined;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure>However, analysts also note that profitability decreases after each halving. This is due to the fact that with each decrease in the reward for miners, the supply of new bitcoins is halved. This factor plays a key role in reducing profitability after each halving.Despite the decline in yields, CoinGecko analysts are confident that the price of Bitcoin will continue to rise if demand exceeds the current inflation rate of 1.74%. This expectation is especially relevant in the context of the fourth halving, which is expected in April 2024. Bitcoin halving is a mechanism to curb inflation, and as the influx of new coins decreases, the price of existing bitcoins becomes more attractive. This leads to an increase in demand and, therefore, an increase in price.In conclusion, CoinGecko analysts emphasize that, despite the decrease in profitability after each halving, Bitcoin continues to show significant growth in price. They also highlight that after the fourth halving, which is expected in April 2024, the price of Bitcoin is expected to rise if demand exceeds current inflation. This highlights the importance of monitoring and analyzing data in the cryptocurrency world to understand price dynamics and predict future trends.

Bitcoin after halving

The cryptocurrency world is booming, with the non-fungible token (NFT) and gaming sectors becoming increasingly popular. Saga (SAGA) and Tensor (TNSR), two leading projects in these spaces, are preparing to list on major crypto exchanges, signaling renewed interest in NFTs.Binance, one of the world's leading crypto exchanges, has announced the promotion of the listing of Saga (SAGA). Originally scheduled for April 9, 2024 at 14:00 UTC, SAGA will debut on the platform 6 hours earlier at 08:00 UTC thanks to impressive performance on Binance Launchpool. Saga bills itself as “L1 to run L1,” allowing developers to easily create dedicated, interoperable chains known as “Chainlets.” This makes Saga particularly attractive to the gaming sector as it optimizes blockchain development for specific games.<figure id="figure-rub9pe41qalus71j3q"><img id="rub9pe41qalus71j3q" src="https://cdn.durable.co/blocks/1bGzVnMBT3hT424E1hqARUvUei2A9tg3MQ6Hpuwx8gpMUjk8BGsqFSN0nAjAsVGW.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure>SAGA, the project's native token, plays a key role in Chainlet's payments, staking and governance. In two years, more than 350 projects began working on its protocol, 80% of which are in the gaming space. The project has also established strategic partnerships with major players such as Polygon, Avalanche, MarbleX, Com2uS and Celestia.On the other hand, TNSR, the native token of Tensor, will be listed on OKX for spot trading. Deposits will open on April 8, 2024 at 04:00 UTC, and TNSR/USDT spot trading will open at 15:15 UTC.Tensor is an NFT marketplace on the Solana blockchain offering trading functionality, real-time data, and automated market-making pools for NFTs. The platform incentivizes users and has high liquidity, providing access to more than 30,000 NFT collections. Tensor's $3 million seed round in 2023, backed by Alliance DAO, Solana Ventures, and other prominent investors, shows early confidence in the project. By January 2024, the annual trading volume of the marketplace had already exceeded $140 million.Research from S&amp;P Global Market Intelligence points to growing optimism for the NFT and gaming sectors, predicting that NFTs could enable cross-game item trading and seamless metaverse integration in the near future.“In the long term, one or more games will likely find the right gameplay experience to fit the new item ownership model that NFTs convey,” said researchers at S&amp;P Global Market Intelligence.

Saga and Tensor: New rise of NFT and gaming projects on crypto exchanges

An event has occurred in the world of digital collections and non-fungible tokens (NFTs) that has attracted the attention of both specialists and the general public. &nbsp;An image of a digital cat called Genesis Cat, created by artist Francisco Alarcona (FAR) and released by Taproot Wizards, sold at Sotheby's for $254 thousand. This event was one of the most significant in the history of NFT sales on Bitcoin, highlighting the potential and influence of this format &nbsp;for art and collecting.&nbsp;Genesis Cat became the basis of the 3333 Quantum Cat series from Taproot Wizards and was sold for the first time. &nbsp;This collection was created in honor of a proposal to improve the Bitcoin protocol known as OP_CAT. &nbsp;The sale price of the lot significantly exceeded its initial estimated value of $15,000 to $20,000, indicating the high demand for digital collections and their importance in contemporary art.<figure id="figure-y06j3917zsluokarzu"><img id="y06j3917zsluokarzu" src="https://cdn.durable.co/covers/1a6wo8WC4YtD9LBkbk8SODJa7wyerwRXeQTqaNIVnjR797m43GI6OCqFrP53o6j4.jpg" alt="Two QEST coins and others cryptocurrencies on a marble background" title="Two QEST coins and others cryptocurrencies on a marble background" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 1/1; object-position: 50% 65%;" data-corners="default" data-aspect="1:1" data-caption="" data-positionX="50%" data-positionY="65%" data-fullWidth="false"/></figure>&nbsp;The emergence of a slew of Ordinals, sometimes referred to as “Bitcoin NFTs,” has created a buzz around non-fungible tokens similar to the one seen in 2021 on the Ethereum network. &nbsp;Transactions with Ordinals contributed to the congestion of the Bitcoin blockchain and caused discontent among some market participants due to a drop in the network capacity of the first cryptocurrency.&nbsp;However, despite the potential negative impacts on the network, such as increased fees and reduced throughput, miners' incomes have increased amid the surge in activity associated with the issuance of Bitcoin NFTs or Ordinals. &nbsp;Thus, in the first two weeks of November 2023, which saw the release of a large number of tokens, commissions on the Bitcoin network increased sixfold. &nbsp;This highlights the dynamism and potential of the Bitcoin NFT market, as well as the format's impact on the economics and culture of cryptocurrencies.&nbsp;The sale of Genesis Cat at Sotheby's highlights the importance and influence of NFTs in contemporary art and collecting. &nbsp;This event demonstrates how digital collections can achieve high prices and attract the attention of a wide audience, including renowned auction houses and collectors. &nbsp;At the same time, it also highlights the need to further develop and optimize the Bitcoin blockchain infrastructure to ensure the stability and efficiency of NFT-related transactions.

Digital Genesis Cat sold at Sotheby's for $254 thousand: Bitcoin NFTs in the spotlight

<h2>&nbsp;One such project is Blast, a new second-layer blockchain launched by the founder of the largest NFT marketplace Blur, Tieshun Rokerr, known under the pseudonym Pacman.</h2>&nbsp;Blast's goal is to make the process of interacting with NFT tokens more efficient and accessible for users. &nbsp;This includes reducing fees when trading NFT tokens and creating a user-friendly derivatives solution that can greatly simplify and speed up the NFT trading process.<figure id="figure-etnml3cflz9p50a9"><img id="etnml3cflz9p50a9" src="https://cdn.durable.co/covers/1fN79PfjYVQsLngzwSYhsDWk19VhOkSwpMyvoTaI1Blley9XknWxY1qqWJE9R7Yi.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/covers/1fN79PfjYVQsLngzwSYhsDWk19VhOkSwpMyvoTaI1Blley9XknWxY1qqWJE9R7Yi.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>&nbsp;The Blast project has raised $20 million from investment funds Paradigm and Standard Crypto, which highlights the significance and potential of the new blockchain. &nbsp;This financial success will allow the development team to focus on implementing ambitious plans and improving the user experience on the platform.&nbsp;One of the key aspects of the Blast project is the introduction of a staking system for Ethereum and stablecoins, which will allow early adopters to earn additional income. &nbsp;In addition, users can earn “points”, which in the future can likely be used to receive rewards from the project. &nbsp;This mechanism drives activity on the platform and motivates users to participate in the Blast ecosystem.&nbsp;The announcement of the new Blast blockchain occurred against the backdrop of the end of the next “season” on the Blur platform and the distribution of the second airdrop for the year to users. &nbsp;Blur developers divided the entire token distribution process into several time periods, calling them “seasons.” &nbsp;To receive an airdrop, users must be active on the marketplace and earn points, which can later be exchanged for Blur tokens (BLUR).<figure id="figure-cq21nzxgce6lz9p7ygv"><img id="cq21nzxgce6lz9p7ygv" src="https://cdn.durable.co/blocks/1dSZhGzBbVYkmqWqn6SJJu53vjxyNUZxNdeTXGdp5vOSJYW38oEpH5G7vOzZ11yn.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure>&nbsp;Blast represents a significant step forward in the development of NFT and cryptocurrency markets, offering innovative solutions to improve trading and interaction with digital collections. &nbsp;This project highlights the desire to optimize and improve the user experience in the world of NFTs, making it an important element in the development of this field.

Blast: Pacman's New Blockchain to Improve NFT Trading

<h2>There are many changes happening in the world of cryptocurrencies and NFTs (non-fungible tokens) that affect market dynamics and user preferences.</h2> &nbsp;One such change is the decision by the Binance NFT marketplace to stop supporting Bitcoin-based NFT collections by April 8, 2024. &nbsp;This decision is part of Binance's strategy to streamline and improve its product offerings, including digital collections and NFT markets.&nbsp;Launched in June 2021, Binance NFT has quickly grown into a key platform for creating, selling, buying, staking, collecting, trading and displaying digital blockchain items. &nbsp;These items may include digital art, media and other collectibles represented as non-fungible tokens linked to each other.<figure id="figure-pxu4hix61aluoihfhu"><img id="pxu4hix61aluoihfhu" src="https://cdn.durable.co/covers/3hfCKkrUda0vmI48tWvAm3kUpfjyRzXWV4DKITHDAUYBgkITbsgPME8JfrN9lMOe.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 3/2; object-position: undefined undefined;" data-corners="default" data-aspect="3:2" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/covers/3hfCKkrUda0vmI48tWvAm3kUpfjyRzXWV4DKITHDAUYBgkITbsgPME8JfrN9lMOe.jpg" data-mce-style="aspect-ratio: 3/2; object-position: undefined undefined;"></figure>&nbsp;Binance NFT was originally created as a single-chain non-fungible token marketplace platform powered by the BNB Smart Chain, but over time it has evolved into a multi-chain open market ecosystem, allowing users to explore and trade a wider range of digital collectibles across multiple blockchains, including BNB Smart's own chain &nbsp;Chain (BSC), Bitcoin Network (BTC), Ethereum Network (ETH) and Polygon Network (MATIC), directly from your Binance accounts.&nbsp;However, starting in mid-April, users will no longer be able to purchase, deposit, bid, or list NFTs on the Binance NFT Marketplace via the Bitcoin network. &nbsp;This means that all Bitcoin NFT users, including owners of the recently released Runestone NFT series, will have to adapt to the new conditions.&nbsp;In this regard, Binance NFT has distributed NFT Runestone to Binance users eligible for the Runestone airdrop. &nbsp;Runestone NFT users are encouraged to revoke their NFTs before April 10, 2024 to ensure that they will still be able to receive any associated tokens, utilities, and benefits after April 10, 2024. &nbsp;Binance would like to remind you that it will not be liable for any losses incurred if users do not claim their NFTs before the deadline.<figure id="figure-k63ojnxw4lz9oztlm"><img id="k63ojnxw4lz9oztlm" src="https://cdn.durable.co/blocks/212tQUef4kKyhlzD3nGh8SjcUllf8iyvltd2G8HFS9I9EOX1m15DOvULHk2rLxDy.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure>&nbsp;This decision highlights the dynamic and changing world of NFTs and cryptocurrencies, where users must constantly adapt to new conditions and technologies. &nbsp;At the same time, it also presents new opportunities for those willing to explore and experiment with new forms of digital art and collecting.

Blog

The crypto market demonstrated its reactivity amid the pu...

Bitcoin after halving

Saga and Tensor: New rise of NFT and gaming projects on c...

Digital Genesis Cat sold at Sotheby's for $254 thousand: ...

Blast: Pacman's New Blockchain to Improve NFT Trading

Binance Stops Supporting Bitcoin NFTs: New Frontiers in t...