[ad_1] Crypto analyst Javon Marks has predicted that Ethereum (ETH) could enjoy a 75% breakout and rise to $4,723. The analyst also explained why this parabolic rally is possible for the second-largest crypto by market cap. Why A Rise To $4,723 Is Possible For Ethereum Marks mentioned in an X (formerly Twitter) post that Ethereum’s price is poised to rise to $4,723 as bull divergences continue to hold within a massive climb since breaking out. He added that the 75% move to this target and above can take place with the breakout and divergence holding. Related Reading Source: X From…
Author: dfrancis36
[ad_1] The latest insights from Glassnode’s “Week Onchain” newsletter reveals a major shift in Bitcoin market dynamics as long-term holders (LTHs) and large investors appear to be resuming a pattern of accumulation. This trend marks a departure from the extensive distribution observed earlier this year, offering a potential bullish outlook for Bitcoin, despite the broader market’s ongoing volatility. The Bullish Arguments For Bitcoin The Bitcoin market has been characterized by a challenging environment over recent months, marked by significant distribution, especially following the all-time high (ATH) set in March 2024. This distribution phase, which saw active participation from wallets of…
[ad_1] Celestia gains ground against the bears after the platform gave new info about the upcoming network upgrade named Lemongrass. According to CoinGecko, TIA has been up more than 13% since last week, successfully getting the token into the spotlight. The newly gained momentum can be attributed to the network’s first upgrade, which will change the user experience of the network as a whole due to the features it’ll implement. Related Reading With the market’s general upward momentum, TIA might be in the perfect position to continue its upward movement. However, investors should still be wary of upcoming macroeconomic indicator…
[ad_1] A Binance executive, Tigran Gambaryan, is in critical condition inside a Nigerian jail. His health has reportedly been on a downward spiral since he was arrested, raising serious concerns among his family and supporters. Tigran’s wife, Yuki Gambaryan, expressed fears over the deteriorating condition of her husband, saying that he needs quick medical intervention. She described him as “almost bedridden” and said that he requires a special surgery for a herniated disk and tonsil removal over recurrent infections. Health Crisis Behind Bars Reports say Gambaryan is in a worse condition compared to when he was first detained at the…
[ad_1] On-chain data shows the Bitcoin whale entities have sold approximately $588 million in the cryptocurrency during the past week. Bitcoin Whales Have Made Large Selling Moves Recently As pointed out by analyst Ali Martinez in a new post on X, the BTC whales have sold around 10,000 BTC over the last seven days. The indicator of relevance here is the “Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total amount of Bitcoin that a given wallet group currently holds. Related Reading The addresses or investors are divided into these cohorts based on the number…
[ad_1] The Solana meme coin ecosystem has been one of the major talking points in this bull run, as crypto investors continue to bet on tokens that launch from the meme coin generator Pump.fun. However, Solana traders might be having a rethink as data from the on-chain analytics platform Dune shows a dwindling interest in these meme coins. Pump.fun Sees Massive Decline Data from Dune Analytics shows a massive decline in the number of weekly new addresses on Pump.fun, indicating a decline in interest in meme coins generated on the platform. During the week that ended on August 12, Pump.fun…
[ad_1] Pepe Unchained (PEPU) investors, who have been witnessing impressive gains from their early involvement in the innovative meme coin, are now expanding their portfolios by acquiring Mpeppe (MPEPE), another meme coin poised for explosive profits. This shift comes as investors look for new opportunities in the rapidly evolving meme coin market, where MPEPE is capturing attention with its unique approach and potential for significant returns. Pepe Unchained (PEPU): A Trailblazer in the Meme Coin Market Pepe Unchained (PEPU) has made waves in the cryptocurrency world, particularly due to its strategic use of Layer-2 technology. Unlike its predecessor, $PEPE, which…
[ad_1] The brains behind the controversial TerraUSD and LUNA coins, TerraForm Labs, are now said to be the target of an eye-popping $1.3 billion lawsuit filed by Three Arrows Capital (3AC) in efforts to recoup damages from the catastrophic breakdown of the digital assets in May of 2022. Once a cryptocurrency titan hedge fund, it is now to face the consequences of its investments, gearing up to hold TerraForm accountable for its financial woes. 3AC liquidator seeks $1.3B from Terraform Labs Teneo, the liquidator for the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), is seeking over $1.3 billion from…
[ad_1] A closely followed analyst and trader warns that Bitcoin’s (BTC) multi-month bull market may be hanging by a thread. Pseudonymous analyst Altcoin Sherpa tells his 219,700 followers on the social media platform X that he’s keeping a close watch on Bitcoin’s price action at around $58,000. According to the trader, an immediate move below $58,000 could spell trouble for the crypto king. “$58,000 would be the level of interest for me for BTC. Pulling back is expected; the reaction from that area should be telling. Bounce strongly = we test higher levels. Weak bounce or nonexistent= we go to…
[ad_1] Veteran crypto analyst, Peter Brandt has uncovered an inverted or expanding triangle pattern in Bitcoin (BTC). Utilizing classical charting principles, Brandt analyzes the technical pattern formation, highlighting its potential impact on Bitcoin’s price trajectory. What Bitcoin’s Inverted Triangle Pattern Means On August 12, Brandt took to X (formerly Twitter) to shed light on a recent pattern formation in Bitcoin’s price chart. Sharing a price chart illustrating Bitcoin’s price movements from May 2023 to November 2024, the analyst identified a unique inverted or expanding Triangle pattern in Bitcoin. Related Reading Source: X Usually, triangle-like shape patterns on the Bitcoin chart…