BRICS challenges U.S. dollar, can it have an impact on Bitcoin as well?
Bitcoin may be thrust into unchartered territory as BRICS challenges the U.S. dollar. Assessing the potential outcome for Bitcoin if BRICS succeeds. An interesting thing is happening in the global arena and it might just be one of the major factors that may influence Bitcoin demand later this year. A battle is being waged against […]
How upcoming FOMC meeting will impact Shiba Inu holders’ portfolio
A look at how the upcoming FOMC meeting will influence the Shiba Inu demand. Bullish bias forming but investors still moving with caution in anticipation of final results. The Shiba Inu community is undoubtedly pleased with SHIB’s performance in January. But now that the month is coming to its conclusion, a sense of uncertainty has […]
EOS reports strong TVL growth after deploying this strategy
EOS benefits from a focus on dApps that incentivize staking. EOS price pattern shows signs of a possible bearish week. The amount of liquidity or total value locked (TVL) is one of the yardsticks used to assess the health of blockchain networks. By this measure, the state of the EOS network looks more promising this […]
Decentraland: Analyzing ‘development activity’ to find out entry position
Decentraland is working towards stimulating development activity. MANA bulls and bears locked in a tug of war: A look at the two sides of the coin. If you bought Decentraland’s MANA in December or earlier this month, then good for you. It has so far delivered an impressive performance until recently when it faced resistance […]
Hedera’s [HBAR] latest report highlights growth in these areas
Hedera reveals a list of achievements it made in 2022 underscoring healthy growth. HBAR’s long-term outlook looks interesting but current price action is marked by indecisiveness. The Hedera blockchain’s 2022 community update is out and the results of the network’s performance are in. And for those interested in its performance and that of its native […]
Bitcoin net position change hits new monthly low; potential volatility ahead?
Bitcoin may regain some volatility to end the month as options expire. Exchange reserves drop to a monthly low but some whales are still cashing out. There are only a few days remaining until the month ends but this might be enough time for a major Bitcoin move. It has been losing volatility in the […]
Chiliz Chain 2.0 on the way: Gauging its effects on CHZ
Chiliz’s network upgrade may increase demand exponentially. Short-term CHZ prospects remained weak, but the long-term outlook just got a lot better. The Chiliz [CHZ] network was in the midst of a major network upgrade at press time. According to an update by founder Alexandre Dreyfus on 26 January, Chiliz 2.0 would introduce various positive changes. […]
Recap of Tron’s growth journey and why TRX should be in your watch list
Tron’s prospects look good after the robust growth it achieved in 2023. TRX could benefit from the network growth but only if the market is aligned positively. Crypto-savvy observers and enthusiasts may have noticed that the Tron blockchain network has been receiving an increasing share of the spotlight. This has been the case for the […]
ETH whales intervene amid a SHIB price pullback but are whales buying?
ETH whales rescue SHIB from the grasp of the bears. Shiba Inu might be headed for another limbo if the market does not make a clear move. Shiba Inu has reportedly regained the top spot as the most traded token by the top ETH whales. We have seen SHIB secure the same spot multiple times […]
Exploring Litecoin’s [LTC] position as it looks to dominate the market in 2023
Litecoin’s bounce back is strongly supported by strong address growth. Whales offer support to LTC as sell pressure attempts to erase recent gains. Litecoin [LTC] was one of the top trending coins between 17 – 24 January, and for good reason. It has outperformed many top coins in the last few months, including Bitcoin [BTC] […]
MakerDAO’s partnership with Centrifuge predicts this for MKR holders
Interesting times are ahead for MKR as MakerDAO collaborates to support real-world assets in DeFi. MKR struggles to maintain a rally after encountering resistance. The idea of bringing real-world assets (RWAs) gained some traction during the 2021 bull run. However, regulatory concerns and the onset of the bear market later in the year curtailed any […]
CRV becomes the most traded token among Ethereum whales but…
CRV extends gains amid increased whale activity. ETH whales contribute to the demand for CRV despite being heavily overbought. Curve Finance’s native token CRV just jumped to the top of the list of most traded crypto tokens among ETH whales. This outcome may pave the way for the next major price move for CRV given […]
Bitcoin holders are avoiding leverage in the latest rally, here’s why
Low demand for leverage gives insights into the current Bitcoin investor psychology. BTC enjoys demand in the derivatives market courtesy of a strong recovery in open interest. Glassnode alerts just revealed that the amount of HODLed or lost Bitcoin is now at a 5-year high. This reflects the positive price action that the cryptocurrency has […]
The Sandbox reports record land sales as metaverse virtual worlds gain popularity
ETH whales favor The Sandbox amid favorable YOY NFT revenue growth. SAND experiences extended demand despite being overbought. The Sandbox just earned its way into the list of most used smart contracts among the top 100 ETH whales in the last 24 hours. But is this an indicator that the metaverse network is experiencing more […]
Cardano reclaims top spot on Github- ADA’s journey to moon guaranteed?
Cardano dominates in development activity, beating other key players. ADA bears relinquish brief dominance, paving way for the bulls to extend their rally. In the first half of January, we observed that Cardano was among the blockchain networks with the highest development activity. Fast forward to the present and Cardano managed to secure the top […]
Algorand’s new announcement raises hopes of move to DeFi… Details inside
Algorand embraced a new self-custody exchange as part of a deeper focus on DeFi. ALGO bulls regained control, but the stakes remained high as directional uncertainty crept in. Algorand [ALGO] revealed a new development on 19 January, which could underscore a potential strategy to tap into growth through DeFi. The blockchain network revealed that the […]
Why Bitcoin investors are on edge following Genesis’ bankruptcy announcement
Genesis’ bankruptcy filing revived concerns of a potential Bitcoin selloff. However, bulls charged through the FUD and passed the $22,000 price level. Genesis reportedly filed for Chapter 11 bankruptcy after failing to secure enough funds to cover its debt. The company, which was one of the largest institutional lenders at one point, has the potential to […]
Tron [TRX] announces the approval of No.82 committee proposal
A look at what Tron’s newly approved proposal will do for the network. TRX regains upside as bears struggle to retain dominance but weak upside pushes investors into limbo. The Tron network just revealed a recent development that may underscore subtle but important upcoming changes. More importantly, these changes will bring some improvements that will […]
Uniswap aims to help you save on gas fees through this new upgrade
Uniswap is trying to spice things up with the addition of two new smart contracts that may support friendlier fees. These developments might be an attempt to boost the demand for the platform’s services. Uniswap is looking to make the DeFi experience much smoother and more convenient for users this year. This is a necessary […]
Chainlink whales drive more utility- Is a bounce back on the card for LINK?
Chainlink joins the list of most traded smart contracts among the top ETH whales. LINK bears face resistance threatening to cut short their recent dominance. The Chainlink blockchain is gradually extending its tentacles across the decentralized landscape. Its long-term expectations are particularly high but its native token LINK remains undervalued at best. But, there is […]