[ad_1] Crypto whale transaction tracker Whale Alerts recently revealed an interesting on-chain transaction involving popular meme coins Shiba Inu and Dogecoin alongside the well-known crypto exchange Robinhood. This transaction, which took place within the past 24 hours, involved the movement of 800 million DOGE and 2.7 trillion SHIB tokens, respectively, from the exchange into unknown wallets. As expected, the huge nature of these transfers has piqued interest, prompting further analysis of on-chain data to ascertain the motive behind them. Analyzing The Transactions Analyzing the DOGE transaction first, the notable transactions involved the transfer of 800 million DOGE tokens from Robinhood…
Author: dfrancis36
[ad_1] Solana has recently captured the attention of market participants with a remarkable surge to $175, stunning investors and analysts alike. Solana is currently up 40% from its lowest point of $123 this month. The cryptocurrency’s strong upward momentum has reignited optimism among traders and investors, who are now eagerly anticipating a potential breakthrough above the $200 mark in the coming week. Related Reading Traders have also noted the formation of a bullish pennant formation on the SOL price chart, which reaffirms the expectations for a $200 SOL price. This pattern is typically seen as a continuation signal, suggesting that…
[ad_1] With Bitcoin ETFs seeing previously unheard-of inflows of $18 billion between July 15 and July 19, 2024, the focus turned clearly on them. Investor excitement peaked around this time, and spot Bitcoin ETFs reached fresh highs. The market saw an eye-watering $424 million inflow on July 16 alone, the largest of the year. Two main participants led this explosion: BlackRock’s iShares Bitcoin Trust (IBIT) with $141 million in inflows and Fidelity’s Wise Origin Bitcoin Fund (FBTC), with $116.2 million in inflows both separately. The fervour was not restricted to only these titans. With inflows of $44.5 million and $41.7…
[ad_1] A trader who accurately called the 2022 crypto collapse thinks the market is poised to witness bursts to the upside. Pseudonymous analyst Capo tells his 864,100 followers on the social media platform X that he’s bullish on Bitcoin and altcoins now that BTC has reclaimed the $60,000 psychological price level. “BTC is pumping, especially after reclaiming $60,000-$61,000. Altcoins also seem to have found their local bottom. In my opinion, the best is yet to come.” Looking closer at Bitcoin, Capo says on the instant messaging service platform Telegram that Bitcoin appears ready to soar above $73,200 after taking out…
[ad_1] Resilient and showing great upward momentum is Polkadot (DOT), the blockchain network noted for its emphasis on interoperability. Polkadot has maintained its ground at the $6.30 support level thus far, indicating a solid basis for next developments. Related Reading DOT saw a little increase of 1.6% during the previous week, which experts think may be the forerunner to a much more significant upswing. Both experts and investors have drawn attention to this favorable situation, which will help Polkadot to have a possibly interesting future. Polkadot Makes Steady Climb Polkadot’s latest pricing forecasts present a hopeful picture. Forecasts show that…
[ad_1] Bitcoin whales have been consistently accumulating BTC since the beginning of the year amidst a bullish future outlook for the crypto industry. These elevated whale holdings showed investor confidence, which also translated into a bullish rally for Bitcoin over the past six months. Despite the recent corrections, on-chain data indicates that whale addresses have doubled down on the accumulation, pushing their holdings to levels we haven’t seen since 2022. Particularly, the total BTC supply in addresses holding 1,000 BTC or more has hit a two-year high. What’s Behind The Surge In Whale Bitcoin Accumulation? Based on the information provided…
[ad_1] Crypto investor Chris Burniske says that Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and the crypto market in general look ready to make a run. The former head of crypto at ARK Invest tells his 292,200 followers on the social media platform X that several catalysts are now lining up, hinting that digital asset markets are on the verge of a rally. According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event and the current state of BTC, ETH, and…
[ad_1] AVAX continues to rush forward to greater heights with the token reaching $28.74 since last week. This has been the biggest push by the bulls, influenced by the growing market confidence fueled by Bitcoin’s rally to $60k. Avalanche’s dev team is also hard at work with multiple on-chain news supporting this most recent price action. Related Reading AVAX Gaming Grows With More Projects Although the gaming side of crypto is still relatively small, platforms like Avalanche provide developers with a stable and secure blockchain to deploy crypto-centered games. Just last Friday, Fableborne announced that their first play-to-airdrop event was…
[ad_1] According to data from CoinMarketCap, the price of Bitcoin returned above $67,000 with a 1.19% gain in the last 24 hours. Bitcoin appears to have found some stability in this region amidst multiple projections of further price gain. Interestingly, popular crypto analyst with X handle Rekt Capital has unveiled a particular scenario in which Bitcoin might actually build on its current positive performance. Bitcoin Enters New Range-Bound Market – Rekt Capital In an X post on July 20, Rekt Capital shared that Bitcoin closed its daily candle of the previous day above the support level of $65,000. According to…
[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…