As of the latest data, the XRP Ledger, Ethereum, and Bitcoin are all witnessing profit levels above 80%, a scenario not seen since March ’22. The current supply in profit for Bitcoin stands at 83%, Ethereum at 84%, and XRPLedger at 81%. Historically, these levels are considered high-risk profit zones, […]
Tag: crypto
Whale Sell-Offs Indicate Significant Downturn For $LDO And $AAVE
Over the past 24 hours, both $LDO and $AAVE have experienced notable declines in their respective values, shedding 15% and 3%. The primary catalyst for these downturns appears to be substantial token sales by prominent holders, commonly known as whales. Insights from on-chain analytics platform Spotonchain unveiled a recent sizable […]
Klaytn and Finschia Explore Merger To Forge Asia’s Largest Web3 Ecosystem
Blockchain networks Klaytn, backed by South Korea’s Kakao, and Finschia, developed by Japan’s LINE, have unveiled a merger proposal aimed at combining their technologies and user bases, potentially establishing the most extensive web3 ecosystem in Asia. The proposed merger between the leading blockchains in Japan and South Korea anticipates the […]
Bitcoin Faces Selling Pressure As Big Whales Move Older Coins
Since the introduction of the Bitcoin ETF last week, Bitcoin’s price has shown modest performance, hovering around the $42,000 mark. Despite a spike to $48,000 during the ETF certification process, significant selling pressure has emerged in the aftermath. Reports from Santiment reveal that prominent Bitcoin wallets are swiftly liquidating older […]
ETHEREUM PRICE ANALYSIS & PREDICTION (January 16) – ETH Resumes Drops This Week After Losing 7% In Five Days, Can It Recover?
Ethereum saw a big breakout last week but failed to sustain the momentum. The price rolled back quickly and ended the week in the red. It resumed selling today with a 2% loss with a market dominance of 18%. The $2,700 range, which has been much-anticipated in the past months […]
BITCOIN PRICE ANALYSIS & PREDICTION (January 16) – BTC Sees Highest Weekly Sale In A Month, Are Bears Around The Corner?
Last week saw Bitcoin through a huge loss following a sudden drop from a two-year high. It ended that week in bearish mode and has yet to find solid ground up till now. So far, it has lost 3% of its dominance against altcoins. During last week’s trading, Bitcoin broke […]
Weekend Dynamics: Short Positions Dominate In Axie Infinity And Bitcoin Cash
This weekend brings an interesting twist to the crypto market, with a notable prevalence of short positions over longs in a specific group of cryptocurrencies. Notably, Axie Infinity ($AXS) and Bitcoin Cash ($BCH) defy the general trend, standing out as exceptions among traders who anticipate an imminent market bounce. In […]
Chainlink (LINK) Shows Signs Of Revival With Recent Surge
Chainlink (LINK) is demonstrating potential signs of a revival, overcoming recent challenges in the market. Over the weekend, LINK experienced a noteworthy breakthrough, reaching $15.82 for the first time in two weeks. A particularly significant aspect of this resurgence is the fact that exchanges now hold less than 15% of […]
Maker (MKR) Witnesses Notable Whales Accumulation Amidst 70% Price Surge
In the last month, Maker (MKR), the governance token linked to MakerDAO and the Maker Protocol, has seen an impressive 70% surge in its price. A recent analysis by LookOnChain, a prominent on-chain expert, suggests that during this period, significant crypto whales have been actively accumulating MKR. The report highlights […]
CHAINLINK PRICE ANALYSIS & PREDICTION (January 14) – Link Faces Rejection After Slight Bounce, Sets For Another Leg Down
Following recent breakdowns of key support levels, Link bounced back a bit but finds it difficult to push above the $16 level. It initiated another leg down this week, aiming a lower price levels in the upcoming week. In late December, Link initiated a drop after failing to increase above […]
SUI PRICE ANALYSIS & PREDICTION (January 14) – SUI Taps 12% Daily Gains As Global Market Drops – Defying The Odds
Despite the latest decrease in the market cap, causing most altcoins to dip, SUI defied odd and posted an impressive gain overnight. Following the latest surge in volatility, it is leading the altcoins rally at the time of writing. After taking off from $0.37 late last year, SUI increased steadily […]
$SUI Emerges As Top Gainer With TVL Surging To $263M On CMC
In the past week, SUI has seen fluctuating prices but generally an upward trend, backed by robust support levels and expectations of continued market volatility. Within the tech sector, SUI is gaining prominence, notably with recent developments like BitMateX’s introduction of the SUI public chain and collaboration with Karrier One. […]
Blur Token (BLUR) Sees 13.12% Surge Amidst Altcoin Season Kickoff
The governance token for the Blur NFT marketplace and aggregator platform, Blur Token (BLUR), is making waves with a live price of $0.611 USD and a robust 24-hour trading volume of $520 million. Impressively, BLUR has experienced a notable 13.12% increase in the past 24 hours. The recent approval of […]
Bitcoin Exhibits Stability As US Witnesses Historic ETF Debut, But Dips To $42K
Amidst a historic day in the United States and the cryptocurrency realm marked by the launch of the first exchange-traded fund (ETF) dedicated to a single commodity, Bitcoin demonstrated resilience, maintaining a stable position around the $46,000 mark. Data from Binance indicates a notable pattern where the increase in Bitcoin […]
BITCOIN CASH PRICE ANALYSIS & PREDICTION (January 12) – BCH Records Highest Weekly Volatile Session in Six Months, Up 16%
The aftermath of spot Bitcoin ETF has sparked a lot of positivity in the market as many altcoins resumed bullish this week. BCH just flipped through its recent high, charging strong for a bigger price movement. After exploding massively to $329 in June 2023, BCH lost momentum and later found […]
Litecoin ($LTC) Sees Positive Momentum With 5.5% Gain Amid Spot ETF Excitement
As the overall cryptocurrency market enjoys a robust bullish trend, Litecoin ($LTC) has joined the momentum, securing a 5.5% gain and presently trading at $70. This upward movement aligns with the prevailing enthusiasm surrounding the potential approval of Spot ETFs. Litecoin has initiated the new year on a strong note, […]
Whales Boost Ethereum Holdings With $1 Billion Accumulation Amid ETF Anticipation
During a recent market downturn, Ethereum whales capitalized on the opportunity, amassing an impressive $1 billion in holdings. Cryptocurrency analyst Ali’s data for December revealed a consistent upward trend, showcasing an increase of over 410,000 ETH in holdings by Ethereum whales. In the past month, #Ethereum whales bought over 410,000 […]
BITCOIN PRICE ANALYSIS & PREDICTION (January 10) – BTC Breaks Higher After A Month Accumulation, Signals Bullish Continuation
Bitcoin jumped 10% yesterday and broke through a key resistance to reach a new milestone. The price has dropped slightly in the past but remained strong on the daily outlook with a current dominance of 53.3% against altcoins. Following a sudden crash to the $40,500 level last week, Bitcoin reacted […]