Token unlocks are often viewed as significant events that can impact market dynamics. The release of unlocked tokens introduces additional selling pressure on trading platforms, influencing price movements and investor sentiments. According to insights from Wublockchain, the upcoming month of February is poised to witness several notable token unlocks across […]
Tag: cryptocurrency
Aave Faces Bearish Trend With 25% Drop Amid Whale Selling And MEV Losses
Aave, a prominent DeFi platform, has encountered a downward trend over the past three months, witnessing a significant 25% decline in its value. The bearish sentiment persists, with additional losses of 12% and 3% observed over the past 7 days and 24 hours, respectively. Insights from on-chain analytics provided by […]
Bitcoin $BTC Witnesses Strong Accumulation Streak Amid ETF Trends, Positions For Upward Movement
Bitcoin is currently experiencing one of its most notable accumulation streaks in nearly three years, as indicated by the Accumulation Trend Score remaining near 1 for the past four months. This sustained trend reflects a growing confidence among larger entities in the Bitcoin market, signaling positive sentiment. #Bitcoin is witnessing […]
Pendle Token Hits All-Time High As Developers Deposit Millions To Binance
Pendle, known for tokenizing and trading future yield, has reached a new milestone as its native asset surges to an annual high of $2.791. The protocol’s developers facilitated this surge by depositing millions of PENDLE tokens to the Binance exchange. Two wallets, likely owned by investors in Pendle, deposited 477,211 […]
Bitcoin Surges Past $43,000 Amidst Institutional Investments
Bitcoin’s price surged past the $42,000 barrier, reaching $43,838, breaking through resistance levels at $42,500 and $43,200. Currently, the price is consolidating gains above the $42,500 resistance zone, although bears emerged after it hit the $43,800 mark. In recent on-chain reports, Grayscale deposited 4,419 BTC ($191M) into Coinbase Prime, bringing […]
Ethereum Surges To $2,345 Amid Growing Network Activity And Investor Confidence
For the first time since its decline started on January 22, Ethereum’s value has reached $2,345. The network is expanding and adding active addresses at a commendable rate. A growing $ETH market cap is mostly justified by increased utility. 📈 #Ethereum has returned to a $2,345 value for the first […]
API3 Surges On Binance As DWF Labs Deposits Tokens
Yesterday, API3 made headlines as one of the top daily gainers on Binance, experiencing a remarkable surge of over 17%. The impressive performance of API3 extends beyond the daily gain, with a 28% increase in the past 7 days. Also, a 58% rise in the past month, and an astounding […]
Crypto Security Firm Recovers Over $674M From Hacks, PeckShield Reports
In a promising turn of events, blockchain security company PeckShield has reported a significant recovery of funds from cryptocurrency hacks. The firm’s latest statistics reveal that over $674 million has been recovered from more than 600 hacks, marking a notable improvement from previous years. PeckShield’s data for 2023 highlights a […]
BITCOIN PRICE ANALYSIS & PREDICTION (January 30) – BTC Bounces Back Above $42k, Suspends Correction With Notable Gains
After correcting by more than 20% in 13 days, Bitcoin found support and recovered throughout last week. It entered this week a bit calm but is likely to bounce higher in the next few days. Resuming drops could trigger more correction. During a recent price correction, Bitcoin recorded a heavy […]
SUI PRICE ANALYSIS & PREDICTION (January 30) – SUI’s Bullish Trajectory Remains Intact Despite Correction, Up 40% Weekly
Sui’s trend continued to advance higher despite market’s correction. It has posted an impressive gain so far, making it one of the best-performer in the past week. The price is up again after dropping in the last two days. Reaching a multi-month high of $1.44 in the mid-month, SUI pulled […]
OPTIMISM PRICE ANALYSIS & PREDICTION (January 30) – OP Appears Calm After A Short Retracement, Incoming Storm?
Optimism, OP saw a relief in the last couple of days following a slight recovery across the crypto space. It remains bearish on the daily chart as more selling lurks around the corner. Down 4% in the last 7 days. Following a steady drop for almost two weeks, OP found support […]
RAYDIUM PRICE ANALYSIS & PREDICTION (January 30) – Ray Remains Up In Three Months Despite Weeks Of Correction, Signals Bullish
Despite losing some chunks of dollars in the last couple of weeks, Radium’s price is still up by a staggering 550% in 90 days as it sits above a key support level. It resurged this week and saw a rejection few hours ago. The Solana-based automated market makes (AMM) and […]
Bitcoin Sees Recovery Amidst ETF Activity With Grayscale And Hong Kong
Bitcoin commenced January on a strong note, breaching $48,900 following the introduction of U.S.-based spot exchange-traded funds (ETFs) on January 11. However, profit-taking among investors in Grayscale Bitcoin Trust (GBTC) led to downward pressure, with prices dipping to around $38,500 last week. As the new week unfolds, Bitcoin has shown […]
Crypto Whales Accumulate $3 Billion Worth Of Bitcoin In January
According to intotheblock, prominent crypto whales and institutional investors have collectively amassed $3 billion worth of Bitcoin this month. The quantity of Bitcoin held in wallets with over 1,000 BTC has surged by more than 76,000 BTC, reaching a total of approximately 7.8 million BTC. 📊#Crypto whales, or large investors, […]
Arbitrum, $ARB Dominates L2 Transaction Volume With Impressive Metrics
Arbitrum stands out as a powerhouse in the Layer 2 (L2) ecosystem, consistently processing the majority of L2 transaction volume, often exceeding 60% of the total daily L2 volume, as reported by Intotheblock data. Arbitrum generally processes the majority of L2 transaction volume, frequently reaching more than 60% of the […]
ChainLink ($LINK) Experiences Whales’ Conflicting Moves
As January draws to a close, the cryptocurrency market has shown signs of recovery after enduring several weeks of heightened selling pressure. ChainLink ($LINK) is among the tokens witnessing a slight rebound, inching closer to the $15 mark while experiencing a notable 39% increase in its 24-hour trading volume. However, […]
BITCOIN CASH PRICE ANALYSIS & PREDICTION (January 28) – BCH Continues To Accumulate For A Big Price Movement, Bouncing Back
Bitcoin Cash, BCH recently bounced back from a dip with almost 10% gains in the last five days. While it continued to accumulate by the day, the price is brewing for a big move on the higher timeframe. Since the price picked up from $166 last August, Bitcoin Cash has […]
LITECOIN PRICE ANALYSIS & PREDICTION (January 28) – LTC Remains Under Bears’ Radar But Showing Signs Of Strength In The Latest Price Recovery
Litecoin appeared bearish on the daily chart but has seen little increase in the last 24 hours. After days of consolidation, it found support and now tries to recover some loss. Trading volume currently appears low. This month has been quite horrible for Litecoin following a price crash near the […]