[ad_1] Bitcoin mining company Riot Platforms has increased its BTC holdings with the addition of over 5,000 coins in the past few days. This significant purchase came on the back of reports that the miner was under pressure from activist investor Starboard Value. How Much BTC Does Riot Platforms Currently Own? On Friday, December 13, Riot Platforms announced that it had purchased approximately $510 million worth of BTC between December 10 and December 12. According to the post on X, the cost of this latest purchase was pegged at around $99,669 per BTC, including fees and other charges. The most…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. The Shiba Inu price is flashing bullish signals that could pave the way for an impressive 130% rally to new levels. A crypto analyst has highlighted a pattern of higher highs, solidifying his optimistic price projection of an imminent price surge for SHIB. Shiba Inu Price Gears Up For 130% Rally Klejdi Cuni, a TradingView crypto analyst, has released a detailed chart analysis displaying a bullish set-up for the Shiba Inu price. The chart highlights an ascending oval trend, with Shiba Inu consistently making higher highs on the daily. Related Reading Source:…
[ad_1] Este artículo también está disponible en español. Ethereum is attempting to break above the critical $4,000 level as it edges closer to its all-time high. The market has shown skepticism regarding Ethereum’s performance in this cycle, with some analysts predicting it might underperform compared to previous bullish phases. Despite this doubt, Ethereum has proven its resilience, consistently finding demand at key support levels and maintaining a bullish price structure. Related Reading Adding to the optimism, on-chain data from IntoTheBlock highlights a strong foundation for Ethereum’s network activity this week. Metrics such as active addresses, transaction volumes, and net flows…
[ad_1] Despite surging more than 65% on a year-to-date (YTD) basis, Ethereum (ETH) has been overshadowed by Bitcoin (BTC) and other cryptocurrencies like Solana (SOL) and XRP due to their extraordinary price gains throughout 2024. Analysts are increasingly bullish on ETH, projecting five-figure price targets for the second-largest cryptocurrency. Ethereum To Finally Get Its Moment? The leading smart contract platform has had a relatively modest performance in 2024. ETH was trading at $2,350 on January 1, priced slightly above $3,800, marking gains of over 65%. However, a 65% yearly increase is often seen as average in the crypto industry, particularly…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] The Dogecoin price action is currently locked between two critical technical levels, the macro golden pocket and the macro 0.5 Fibonacci retracement level. This observation was highlighted by crypto analyst Kevin (@Kev_Capital_TA) on the social media platform X. Interestingly, according to the analyst, Dogecoin’s immediate fate hinges not on its internal dynamics but on external factors, primarily on Bitcoin’s performance. Bitcoin’s Influence Over Dogecoin’s Market Movement As the world’s largest cryptocurrency, the general sentiment towards other cryptocurrencies is mostly always tied to the sentiment towards Bitcoin. Periods of high inflows into Bitcoin are always highlighted by inflows into other cryptocurrencies, and…
[ad_1] New data from market analytics firm Glassnode reveals that traders are keeping their Solana (SOL) stacks amid expectations that its price will continue to rise. In a new thread on the social media platform X, Glassnode says that long-term holders now own a significant supply of SOL, believing that Solana’s bullish phase is far from over. “Solana investors are HODL-ing (holding on for dear life) firm, expecting higher prices. Long-term holders’ share of wealth locked in the network is growing. The 6-12 month cohort now holds 27% of the supply, showing conviction from 2024 rally buyers.” Source: Glassnode/X But…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] In recent news, the cryptocurrency business as a whole seems to be booming, more especially within the meme coin sector, where Shiba Inu (SHIB) has been the main point of discussion as it signifies a certain shift in the market. Although Dogecoin (DOGE) is still one of the dominant coins in the market, the new Shiba Inu (SHIB) shows more potential growth in the short run. Simultaneously, Rexas Finance (RXS) is also an emerging project that is gaining traction and offering more options to investors. Let’s see how they perform against each other. Shiba Inu: The Momentum Continues Shiba Inu has…
[ad_1] Chainlink has outperformed the rest of the sector with a sharp rally during the past week. Here’s what’s driving this, according to on-chain data. Chainlink Price Has Been Sharply Moving Up Recently The past few weeks have been an excellent time for LINK investors, as the asset has almost tripled in value as compared to the start of November. At the start of this week, the coin saw a bit of a setback, but the sharp bullish momentum has already resumed in the last couple of days. Below is a chart that shows what LINK’s performance has been like…