[ad_1] On-chain data shows Litecoin has recently seen a sudden exit of small hands, which can favor LTC’s price. Small Litecoin Investors Have Been Displaying FUD Recently In a new post on X, the on-chain analytics firm Santiment discussed the latest shift in Litecoin’s userbase. A couple of relevant indicators are relevant here: Total Amount of Holders and Supply Distribution. The first of these, the Total Amount of Holders, measures, as its name suggests, the total number of addresses on the LTC network carrying some non-zero balance. When this metric’s value goes up, new addresses with balance are popping up…
Author: dfrancis36
[ad_1] Solana remains the fourth largest blockchain platform, excluding USDT, which is third in the market cap. Over the past year or so, SOL, the native token of the modern network, has been on a tear, outperforming even Bitcoin. This expansion is despite Bitcoin racing to print all-time highs. While optimism is high, the crypto market is generally cooling off, and there are concerns that the next wave confirming those of Q1 2024 could be delayed. However, as crypto analysts keep watch of politics and other factors, Solana is picking up momentum. Solana Attracts More NFT Users Than Ethereum, Polygon…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Both institutional and retail investors of the Spot Bitcoin Exchange-Traded Funds (ETFs) are beginning to bet big on BTC as the products have witnessed a notable surge in inflows, implying that investors are highly interested and confident in the potential of the digital asset in the long term. A Substantial Inflows Into Spot Bitcoin ETFs According to data from London-based investment management company Farside Investors shared by Micheal Van De Poppe, a crypto expert and Chief Information Officer (CIO) of MN Consultancy, the spot Bitcoin ETFs have increased drastically in the past day. On Monday, Van De Poppe pointed…
[ad_1] Two closely followed crypto strategists are predicting a rebound for layer-1 protocol Toncoin (TON) after last week’s sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 220,700 followers on the social media platform X that TON could rally more than 23% from its current value. “Bought TON last night in spot, going to hold it and see how it plays out. $5.50 was the entry, going to be patient. I think this mean reverts a bit and these are decent entries from a TA (technical analysis) standpoint. Target is around $6.30.” Source: Altcoin Sherpa/X Another pseudonymous analyst, The Crypto Dog,…
[ad_1] Bitcoin is trending lower when writing, cooling off after the encouraging leg up on August 23. Although the uptrend remains, and the coin is not far away from $63,000, there is no discounting the possibility of sellers pressing on. The alignment with the dip of early August could trigger another wave of liquidation, causing panic. Bitcoin Shaky, The First Two Levels To Watch Technically, Bitcoin is within a bullish breakout formation from the bull flag established after the expansion on August 8. Additionally, from a volume analysis perspective, bulls stand a chance since prices are still inside the bull…
[ad_1] On-chain data shows the Ethereum whales have recently gone on a significant accumulation spree, a sign that could be bullish for ETH’s price. Ethereum Whales Have Added 200,000 ETH To Their Holdings Recently As explained by analyst Ali Martinez in a new post on X, the ETH whales have gone on a buying spree recently. “Whales” refers to the Ethereum investors holding between 10,000 and 100,000 ETH in their wallets. At the current cryptocurrency exchange rate, the lower bound of this range converts to $26.4 million, while the upper one is $264 million. The holders of this cohort would…
[ad_1] As the world of decentralized finance (DeFi) continues to evolve, major players like Aave (AAVE) are making strategic moves to strengthen their positions in the market. One of the latest developments in the growing interest of Aave whales in Mpeppe (MPEPE), a new memecoin that has quickly gained traction. With 80% of its Presale Stage 3 completed, Mpeppe (MPEPE) is positioning itself as a potential breakout star in the crypto world, attracting significant attention from Aave investors. Aave’s Strategic Integration of BUIDL Aave (AAVE) has been a pioneering force in the DeFi space, constantly innovating to maintain its competitive…
[ad_1] The world of cryptocurrency is abuzz. Traders are reporting an explosive increase in the number of crypto millionaires. A new report indicates that the number of people holding more than $1 million in crypto holdings has jumped 95% in the past year. The main reason: Bitcoin ETFs and surges in the value of many types of cryptocurrency. A New Wave Of Millionaires Crypto Wealth Report 2024 estimates that there are now about 172,300 crypto millionaires in the world, from 88,200 last year. Among those, Bitcoin millionaires increased even more drastically, doubling to 85,400. The total market value of cryptocurrencies…
[ad_1] Helium (HNT) is continuing its upward trajectory despite the market dip. According to CoinGecko, the token is up nearly 15% since yesterday, sparked by the recent on-chain developments that will expand on Helium’s decentralized physical infrastructure (DePIN). Related Reading Recently, Helium’s official X account announced the voting period for two crucial proposals for Helium Mobile. Aptly named HIP 130 and 131, these two proposals have sparked speculation for HNT’s near-future performance. Helium Proposes New Security Measure Against Malicious Activity HIP 130, titled ‘Data-Only Hotspots’, proposes that the network should expand its reach by using any hotspot that uses passpoint…