[ad_1] A closely followed on-chain analyst says crypto whales are heavily loading up on an altcoin running on the Ethereum (ETH) network. Ali Martinez tells his 66,900 followers on the social media platform X that deep-pocketed investors accumulated tens of millions of dollars worth of the decentralized oracle Chainlink (LINK) in just seven days. “Chainlink whales have snapped up over 6.2 million LINK this past week, totaling approximately $76.88 million!” Source: Ali Martinez/X Last week, Martinez warned that Chainlink appears to have broken down from a head-and-shoulders reversal pattern after it took out support at $12. Traders keep a close…
Author: dfrancis36
[ad_1] On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics firm Santiment, BTC investors have been liquidating their wallets amid the recent bearish wave in the asset. The indicator of relevance here is the “Total Amount of Holders,” which measures, as its name suggests, the total number of addresses holding some balance on the network. When the value of this metric goes up, it means new investors are joining…
[ad_1] Defunct crypto exchange Mt. Gox’s recent Bitcoin transfers have continued to cause concerns for the crypto community, considering the amount of selling pressure they could place on the flagship crypto. However, Cryptoquant’s founder, Ki Young Ju, has helped to ease these concerns, recently explaining why these transactions might not affect the market. Why Mt Gox’s 47,000 BTC Move Won’t Affect Bitcoin’s Price In an X (formerly Twitter) post, Ki Young Ju outlined three possible scenarios for Mt Gox’s Bitcoin transactions to explain why it won’t affect its price. First, he stated that these Bitcoin transactions may have simply been…
[ad_1] Crypto analyst Timeless Crypto has made a bullish case for FLOKI, stating why he prefers the meme coin above other blue chip meme coins like Dogecoin (DOGE). The analyst also predicted that FLOKI could end up making a hug run by year-end. Why This Analyst Is Bullish On Floki Timeless Crypto mentioned in an X (formerlyTwitter) post that FLOKI has continued to hold a multi month rang without breaking down despite the bloodbath that occured in the crypto market last week. The crypto analyst made this statement while also revealing that among the blue-chip memes, the meme coin accounts…
[ad_1] XRP is starting to recover after bouncing off $0.405 on July 5, suggesting the early stages of a rebound may be brewing. The crypto market has been volatile lately, and XRP hasn’t been spared. The crypto’s price took a dip recently, dropping below $0.40 for the first time in over a year. It is interesting to note that on-chain data suggests that some whales may be accumulating in anticipation of a major comeback, which may even be responsible for the bounce off of $0.40. XRP Whales Buying The Dip? Various on-chain data has shown large XRP transactions in the…
[ad_1] The Chicago Board Options Exchange (Cboe), known for trading Bitcoin exchange-traded funds (ETFs) approved earlier this year, has thrown its support behind the spot Solana ETF applications filed by asset managers VanEck and 21Shares. On Monday, the Cboe submitted a request to the US Securities and Exchange Commission (SEC) seeking to list ETFs tied to Solana, a move that has garnered attention from industry experts. Solana ETF Market Moves Closer To Approval ETF expert Nate Geraci revealed that the Cboe filed “19b-4” forms for both VanEck and 21Shares Solana ETFs. Geraci explained that once the SEC acknowledges these filings,…
[ad_1] On Monday, professional football player Lionel Messi promoted a Solana-based memecoin to his 504 million Instagram followers. The Argentine player shared a link to Watercoin (WATER), propelling the token by 350%. The crypto community has expressed concern about Messi’s endorsement of the project. Related Reading Global Football Stars Promote WATER Lionel Messi, one of the best players in football history, promoted a Solana project named Watercoin. The football player’s Instagram account shared an image of Messi with the project’s logo and a link to its Instagram page. Following the post, the memecoin surged over 350%, going from $0.00032 to…
[ad_1] On-chain data shows the Bitcoin Puell Multiple is currently forming a pattern that has previously signaled a bullish opportunity for the asset. Bitcoin Puell Multiple Has Plunged To Low Levels Recently As pointed out by an analyst in a CryptoQuant Quicktake post, BTC may be showing an opportunity that only comes once in a given bull cycle. The on-chain indicator of interest here is the “Puell Multiple,” which keeps track of the ratio between the Bitcoin miner revenue and the 365-day MA of the same. The miners earn their income through two sources, block reward and transaction fee, but…
[ad_1] IntroductionBitcoin will revolutionize politics, not replace it. Even if hyperbitcoinization were to become a reality with Bitcoin at the center of the monetary system that emerges from the ruins of the current fiat system, the state would remain the dominus of international relations. It would rise from the ruins of its predecessors, like a phoenix from its ashes.As Max Weber wrote over a hundred years ago in his famous essay “Economy and Society,” the state will continue to utilize legal coercion and violence as its specific and distinctive means of action. This is due to its essence of being…
[ad_1] Applications for the first Solana (SOL) exchange-traded funds (ETFs) on the Chicago Board Options Exchange (CBOE) have been filed with the U.S. Securities and Exchange Commission (SEC). According to new filings with the Cboe, both VanEck and 21Shares applied for Solana futures ETFs yesterday. VanEck executive Matthew Sigel also confirmed for the Solana ETF filing on the social media platform X. “We at VanEck are pleased to announce that CBOE just filed our 19b-4 to list and trade shares of the FIRST Solana exchange-traded fund in the US! We look forward to engaging with the SEC during the review…