[ad_1] On-chain data shows that long-term Bitcoin holders have recently increased their dominance, suggesting a rise in HODLing conviction. Bitcoin Long-Term Holder Supply Is Going Up Again As explained by CryptoQuant author Axel Adler Jr in a new post on X, the supply of long-term holders is on the rise again The “long-term holders” (LTHs) here refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. The LTHs comprise one of the two main divisions of the BTC market based on holding time, with the other cohort being known as the “short-term…
Author: dfrancis36
[ad_1] The Render Network saw a remarkable performance last month after the finalization of its token rebrand. Its bullish rally was halted in August due to the market retraces, which made the cryptocurrency’s price tumble below the $4 mark. However, its most recent performance skyrocketed the price by over 33% in the past week. Some analysts believe there is a catalyst that could drive the price toward a massive pump in the coming days. Related Reading RENDER Skyrockets 30% In 7 Days Following its rebrand, AI token RENDER saw a massive 140% increase in daily trading volume. Its price surged…
[ad_1] Bankrupt crypto lender Celsius Network has completed the payouts to two-thirds of the creditors despite the challenges of the distribution process. In its first report, the plan administrator detailed the status of the distribution plan and the following steps for the repayment process. Celsius Distribution Plan Targets 375,000 Creditors On Monday, Celcius’ plan administrator offered its first Status Report on distributions to the US Bankruptcy Court for the Southern District of New York. In the court document, the administrator revealed that, by August 2024, Celsius had successfully distributed over $2.5 billion of the eligible value owed to creditors. In…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Crypto exchange Binance is urgently appealing to the US government and global organizations to exert political pressure on Nigeria to secure the release of one of its top executives, Tigran Gambaryan, who has been “unjustly detained” for the past six months. Binance Denounces Unjust Detention According to a Tuesday statement from Binance CEO Richard Teng, Gambaryan, a US citizen, is experiencing severe physical and mental deterioration due to the Nigerian government’s refusal to provide him with adequate medical care or access to legal counsel. Despite a court order demanding the release of Gambaryan’s medical records, the authorities have reportedly…
[ad_1] Ethereum price declined heavily and traded below $2,550. ETH could start another increase if it stays above the $2,400 support zone. Ethereum started a major decline below the $2,650 and $2,550 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,400 level. Ethereum Price Dives 10% Ethereum price failed to recover and extended its decline below the $2,650 level. ETH traded…
[ad_1] Steve H. Hanke, a renowned US economist and professor of applied economics at Johns Hopkins University, has once again made headlines with his critical views on cryptocurrency holders. Known for his skepticism toward digital assets, Hanke recently took a public jab at digital currency investors, calling them ‘psychopaths’ while citing a newly published research from the University of Toronto. Are Crypto Investors Psychopaths? The research suggests that those who invest in digital currencies exhibit lower levels of “analytic and scientific thinking” than the general population. Furthermore, Hanke echoed the study’s findings, labeling crypto holders as “more likely to display…
[ad_1] According to a recent report by data intelligence firm Messari, Cardano and its native token, ADA, experienced a notable decline in the second quarter (Q2) of 2024, reflecting the broader downturn affecting the cryptocurrency market. Key performance indicators also showed significant decreases in various metrics. Price Plunge, Market Cap Dips To $14 Billion According to the report, ADA’s price plummeted 39.7% to $0.39, while its market capitalization fell by 39.4% quarter-over-quarter (QoQ) to $14 billion. Messari noted that this decline was influenced by a slight increase in circulating supply, which accounted for the minor discrepancy in market cap figures.…
[ad_1] In the ever-evolving world of cryptocurrencies, memecoins have consistently captured the attention of investors looking for the next big opportunity. As 2024 progresses, two memecoins, Husky Inu (HINU) and Mpeppe (MPEPE), are emerging as frontrunners in the race to deliver substantial returns. Market analysts and crypto enthusiasts alike are predicting that these two tokens could potentially 100x by the end of the year, making them must-watch assets for any serious investor. Husky Inu: The Rising Star of the Solana Ecosystem Husky Inu (HINU), a memecoin launched on the Solana blockchain, has quickly made a name for itself as one…