Polkadot bulls fight to push past $5, traders can wait for a reaction at this level
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The quick surge of DOT prices over the past week has emboldened bulls Bears can wait for a rejection around the $5.11 level Bitcoin climbed past the $17k mark and most coins in the crypto […]
Attention LDO holders! Now might be the time to rethink your trading strategy
LDO’s price rallied by over 75% in the last week As investors seek out profit, the bears might be getting ready for a re-entry. Lido Finance’s governance token LDO, saw a significant increase in price of 78% in the past week. This made LDO one of the top-performing cryptocurrency assets in terms of gains over […]
Polygon: Are these holders the reason behind MATIC’s latest price surge?
MATIC witnessed a 7% surge in the last 24 hours However, the NFT volume took a hit since the beginning of 2023 Polygon [MATIC] continued to stand in the limelight as its popularity among the big players soared. According to WhaleStats, it became one of the most used smart contracts among the top Ethereum [ETH] […]
Investors eyeing ETH should look beyond its dev activity to get a complete picture
Ethereum development activity declines compared to other cryptocurrencies such as Polkadot and Cardano The number of Ethereum holders continues to grow. Furthermore, network growth and daily active addresses decrease According to recent data, Ethereum‘s development activity decreased in comparison to other cryptocurrencies such as Polkadot [DOT] and Cardano [ADA]. This decline could have negative impacts […]
Cardano: Why ADA remains far from profitable despite the 25% value surge
ADA logged its highest price and daily trading volume in the last two months However, ADA still remains an unprofitable cryptocurrency asset The surge in Cardano’s [ADA] trading volume in the last 24 hours pushed the price of the layer 1 coin to its mid-November levels, data from Santiment revealed. Read Cardano’s [ADA] Price Prediction 2023-2024 […]
SOL rockets skyward as it doubles in value within two weeks — more to follow?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The short-term market structure and the trend were heavily bullish There was actual demand behind Solana’s move upward, but will this be enough to initiate a higher timeframe recovery? Bitcoin [BTC] has steadily worked its […]
CHZ holders may swallow bitter pill after a false positive on recovery rally
CHZ becomes the most traded token among whales but this might be selling pressure. CHZ whales are trimming their balances, curtailing the chances of a strong rally. Investors holding Chiliz’s native token CHZ have been expecting a strong recovery this month after its crash in the last two months. The latest WhaleStats alert might reinforce […]
Quant: $114.4 hurdle could give bears more leverage; here’s where they can gain
The $114.4 hurdle could give QNT bears more leverage. A break above the 100-period EMA of $116.1 would invalidate the bias. Supply held by top addresses was unchanged despite an increase in the whale transaction count. Quant’s (QNT) price action formed a double-bottom pattern in recent weeks. This could have set QNT up for an […]
Polkadot [DOT] is winning in terms of development activity but…
Polkadot kicks off January with a resurgence of strong development activity. DOT struggles to maintain its upside and a possible retracement might be on the cards. Polkadot has reclaimed the top spot as the blockchain network with the highest development activity count. This is according to an activity tracker ProofOfGitHub and this is important because […]
Reasons BNB Chain’s latest development could be BNB’s saving grace
GMX to launch on Binance Chain to benefit both parties Dapp activity declines, along with TVL and revenue that is being generated GMX, a decentralized exchange initially deployed on the layer 2 solution Arbitrum, recently proposed its launch on the Binance Smart Chain (BNB). According to GMX, this collaboration will be mutually beneficial for both […]
Is Arbitrum the golden goose of 2023? These reasons may convince you that…
Non-native DEXs have launched on the Arbitrum protocol, increasing competition among various protocols on the platform Gas usage on the Arbitrum platform increases. However, Stablecoin network growth declines Over the last few months, the Arbitrum protocol attracted a lot of attention from non-native decentralized exchange (DEX) platforms. These DEXs have had launches on the Arbitrum […]
Hedera [HBAR]: A likely patterned breakout could offer 7% gains if BTC…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion HBAR was in a neutral market position. A patterned breakout to the upside could target $0.0426. A break below $0.0387 would give the bears more leverage. Hedera [HBAR] posted an impressive rally over the […]
Ethereum stakers breathe easy as ETH moves closer to the Shanghai upgrade
As per the latest update, ETH’s Shanghai upgrade is expected to roll out in March 2023 ETH’s development activity witnessed a surge since the beginning of 2023 Ethereum’s [ETH] Shanghai upgrade that is expected to go on the floor in March 2023 would enable the withdrawal of staked ETH. As per the latest developer conference, […]
Will Aave’s long-term growth plans dampen short-term investor expectations?
Aave reveals how past grants have contributed to the network Why the focus on development is the right way to go for AAVE Aave announced that snapshot voting for a recent proposal seeking for the renewal of Aave Grants DAO kicked off. If approved, the decentralized network may embark on stimulating more development in pursuit […]
Ethereum retail investors’ sentiment looks bullish, but will it help ETH?
Investors sentiment toward Ethereum improved of late. Key metrics such as the MVRV ratio and long/short difference suggest that there may be some selling pressure on Ethereum in the coming days. Ethereum faced a lot of volatility over the past year, especially after the merge. However, according to Santiment’s recent data, the tides may soon […]
Are merry MATIC holders in good spirits thanks to Polygon’s latest market moves?
Mastercard has tapped Polygon for its Web3 and NFT journey Polygon in 2022 had added The Sandbox and Yoots to its network to expand NFT projects on the network With its recent alliances and moves in the industry, Polygon has made many appearances in the NFT and Web3 debates. In a recent release, Mastercard disclosed […]
SAND could see an extended rally unless these holders change course
SAND likely to continue its climb courtesy of sustained demand. The price levels investors should consider for short-term profit-taking. The metaverse and NFT projects may experience renewed interest in 2023 and hence the need to look into their potential. One such project is The Sandbox which recently made a major development-related update. But more importantly, […]
Whales favor Fantom as it witnesses massive gains, but for how long?
Fantom’s price increased by 14% in the last week Some metrics suggested a further surge, but the RSI and MFI could bring trouble. Fantom [FTM] gained popularity among the whales in the last few days, as it was on the list of top 10 cryptos by trading volume among the 2000 biggest ETH whales. Not only […]
Shiba Inu [SHIB]: Extra gains could be unlikely if this obstacle persists
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. SHIB reached a lower-time frame bearish order block (OB) on the 12-H chart. A price rejection at this OB could tip the scales in favor of the bears. Shiba Inu [SHIB] began the new […]
Binance Coin: Could this move by Binance clear FUD and help BNB rally?
Binance recently announced becoming a member of the ACSS. This move came after the FUD surrounding BNB due to the FTX collapse and SEC inquisitions. In recent weeks, there has been a lot of fear, uncertainty, and doubt (FUD) surrounding Binance Coin [BNB] after FTX’s [FTT] collapse and the downward trend of its native cryptocurrency. […]