This week saw ZEC through a new milestone following a series of surges since last month. However, it lost steam in the mid-week and now trades calmly due to a sudden volatility drop – is still up by over 50% monthly. After declining by more than 60% in four months, […]
Tag: cryptocurrency
LITECOIN PRICE ANALYSIS & PREDICTION (August 18) – LTC Continues Retracement Amid Bearish, Recovers 10% Weekly
While most altcoins took a slight downturn this week, Litecoin’s price remained strong and showed signs of strength daily. It seems to have reached a rejection point, where a fresh drop may occur. Litecoin’s market structure is still bearish on the daily chart following a lower low and lower high […]
Massive $ETHFI Transfer Hits Binance As Airdrop Data Unveiled
In recent developments, EtherFi, Renzo, and AltLayer have collectively airdropped approximately $5 million in tokens to EigenLabs employees, according to CoinDesk. The airdrop figures reveal significant token distributions across these platforms, which have also seen notable trading activity. EtherFi distributed 10,491 $ETHFI tokens to each of 44 addresses, amounting to […]
Ethereum Founder Vitalik Buterin Sells Memes, Sparking $Neiro Surge
Vitalik Buterin, the renowned Ethereum founder, recently made headlines by selling off a collection of memes he had accumulated over the past year, including the $Neiro token. This move has significantly impacted the $Neiro market, leading to a remarkable 700% surge in the token’s value. $NEIRO Price Settles Down Since […]
AAVE’s Growth Surge: Dominating The Lending Sector And Preparing For Major Upgrades
In the past month, the total supply of $AAVE on exchanges has dropped by approximately $18.4 million, signaling a notable shift. Simultaneously, some high-profile wallets have accumulated substantial amounts of $AAVE, indicating increased confidence from smart money investors. The total supply of $AAVE on exchanges have decreased by ~$18.4m over […]
BINANCE COIN PRICE ANALYSIS & PREDICTION (August 15) – Watch Out For This Key Level As BNB Poises For A Fresh Dip
After increasing by more than 25% from the monthly low, Binance Coin faced rejection and remained indecisive for the past week. It may repeat a recent bearish pattern if the price continues to turn weak daily. Last week, BNB bounced sharply off a key price level after witnessing a crash. […]
VOW Token Drops 80% After V$ Contract Exchange Rate Glitch Sparks Panic
VOW token experienced a dramatic 80% drop following a technical mishap involving the USD rate setter function of the V$ contract. The incident occurred as the development team was testing this function, which is critical for minting V$ for new lending pools and oracle functions. During testing, the team adjusted […]
Aptos Network Sees Record Transaction Surge As Ecosystem Thrives In 2024
On August 13, the Aptos network experienced an unprecedented surge in user activity, with transaction numbers skyrocketing to 51.6 million—a staggering increase of over 3,570% from the previous day. This marked the highest transaction count since May 25, 2024. Additionally, the network’s User TPS (Transactions Per Second) hit 14,300, the […]
Ethereum Layer 2 Sets Record With 12.42 Million Transactions, Driven By Memecoin Mania
In an unexpected turn of events, Ethereum’s Layer 2 ecosystem recently hit a record-breaking 12.42 million transactions in a single day, largely fueled by the surging popularity of memecoins. Who could have imagined that digital coins based on memes would push Ethereum’s scalability solutions to such unprecedented heights? 🔔Ethereum Layer […]
Daily Token Unlocks: The Subtle Drivers Of Inflation In Crypto Markets
Did you know that some cryptocurrency projects have vesting schedules where tokens are unlocked daily, often flying under the radar? This quiet but constant release of tokens can lead to significant inflation in the market, frequently going unnoticed by many investors. Let’s examine a few tokens that use a daily […]
Over $1 Billion In USDT Withdrawn: What It Means For The Crypto Market
Yesterday, the crypto market witnessed a significant event: over $1 billion in USDT was withdrawn from exchanges, marking the largest outflow of Tether since May. While large deposits on exchanges are often seen as bullish, signaling that investors are preparing to buy assets, withdrawals can be more complex and open […]
Bitcoin’s Market Dynamics: Large Wallets Shift To Accumulation Amid Inflation Data
Since Bitcoin’s all-time high (ATH) in March, the cryptocurrency market has seen significant supply distribution across all wallet sizes. However, recent trends indicate a shift, particularly among the largest wallets—often linked to exchange-traded funds (ETFs)—which are now returning to accumulation mode. This trend reversal suggests growing confidence among major holders. […]
Jump Trading’s Potential Ethereum Sell-Off: What’s Next For The Market?
Jump Trading, a major player in the cryptocurrency space, might be gearing up for a significant Ethereum sell-off. Just an hour ago, the firm unstaked 17,049 ETH (valued at $46.5 million) from Lido and transferred the funds to the selling address “0xf58.” This move has sparked speculation that a large-scale […]
TRX Dependency: A Barrier To Entry On The Tron Network?
Getting started on the Tron network can be a daunting task for new users, primarily due to the requirement of TRX tokens to pay for gas fees and activate new accounts. This necessity adds a layer of complexity and cost that might deter those unfamiliar with blockchain technology from diving […]
ORDINAL PROTOCOL PRICE ANALYSIS & PREDICTION (August 14) – Ordi Recovers 12% Near Recent Breakdown Level, Watch Out For Sell
Since the start of the drop in March, Ordi has lost more than 70% of its value to a ten-month low. Although it has regained strength briefly from this low, it has continued to trade inside a descending wedge. After nearly touching $100 in the first quarter of the year, […]
CHAINLINK PRICE ANALYSIS & PREDICTION (August 14) – LINK Stalls Under $11, More Drops Likely If Supply Increases
Following a sharp bounce off the lower boundary of a long descending channel last week, Chainlink revisited its previous monthly low but is now stalled due to low volatility. It may resume bearish if supply rises. Starting the third quarter a bit strong, Chainlink later turned weak and began to […]
Aave Sees Surge In Short-Term Traders Amidst Record Liquidations
Aave, one of the leading decentralized finance (DeFi) protocols, has experienced a notable 28.83% increase in short-term traders over the past month, signaling a surge in new users and speculators. This influx reflects growing interest in Aave, as more participants enter the market to capitalize on short-term opportunities. $Aave saw […]
Crypto Market Prepares For $230 Million Token Unlocks This Week
The cryptocurrency market is bracing for the release of approximately $230 million in vested tokens across 14 different cryptocurrencies this week, potentially adding selling pressure to an already volatile environment. Scheduled for the week of August 12-18, these token unlocks could significantly impact market dynamics. According to data from Token […]