[ad_1] In the volatile world of cryptocurrency, investor confidence is often gauged by the willingness to hold assets through market fluctuations. Recently, Ethereum has seen a strong vote of confidence from its community, marked by a record number of long-term holders. These HODLers are crucial to Ethereum’s future. Long-Term Holders on the Rise According to Glassnode data, a significant portion of Ethereum is held for periods ranging from one to three years. This indicates that much of the Ethereum acquired during the 2021-2022 period is still being held. This trend is further supported by the decrease in the proportion of…
Author: dfrancis36
[ad_1] Analysts at crypto-focused asset manager Pantera Capital have made a bullish case for the Solana ecosystem compared to Ethereum. They highlighted the network’s growth and outlined why Solana is bound to steal a massive chunk of the market from Ethereum. Why Solana Will Steal Market Share From Ethereum In their most recent blockchain letter, Pantera analysts Franklin Bi, Cosmo Jiang, and Eric Wallach highlighted Solana’s “monolithic architecture” as the primary reason it could steal market share from Ethereum in terms of blockchain developer activity. They noted that developers make a blockchain successful and shared their belief that Solana is…
[ad_1] On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal. Heavy Trader Shorting Could Lead To Price Rises For Cardano And XRP Santiment claimed in an X (formerly Twitter) post that the heavy trader shorting which Cardano and XRP are currently seeing could be the “rocket fuel” for continued price rises for these crypto tokens. Santiment had also revealed that Cardano and…
[ad_1] Today (Thursday), it was disclosed that Bitflyer, a Japanese cryptocurrency exchange, has acquired the Japanese operations of FTX, which had previously filed for Chapter 11 bankruptcy protection in November 2022. FTX Japan was among over 100 affiliated entities included in the bankruptcy proceedings.Asset Segregation Raises Recovery HopesIn contrast to its parent company, FTX Japan reported having more assets than liabilities, with approximately $134 million in user assets segregated from FTX Trading. This distinction raised hopes for the potential recovery of funds belonging to Japanese customers.Bitcoin.com News reported over a year and five months ago that FTX Japan customers would…
[ad_1] The Commodity Futures Trading Commission (CFTC) has launched an investigation into the Chicago-based trading firm Jump’s participation in the crypto market, focusing on its trading and investment activities, according to an undisclosed source familiar with the matter, as reported by Fortune Magazine. Hacks And Collapses Haunt Jump Trading The investigation comes after a tumultuous period for Jump, which has been recognized for its expertise in algorithmic trading. However, the company faced setbacks, including being linked to a series of hacks and collapses. The company suffered a major blow with the $325 million hack of Wormhole, a decentralized finance (DeFi)…
[ad_1] The current state of the Bitcoin market offers a mix of optimism and caution for investors. Over 87% of Bitcoin holders are in profit, with their investments valued higher than their initial purchase prices. Related Reading On average, these investors are seeing unrealized gains of 120%, a significant figure that reflects the substantial rally that pushed Bitcoin to its all-time high in March, according to Glassnode data. However, despite these gains, the market exhibits both encouraging long-term trends and some short-term uncertainties that merit closer examination. Source: Glassnode Profitability And Market Metrics The profitability among Bitcoin investors is notable.…
[ad_1] FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion,…
[ad_1] Bitcoin miners, the backbone of the world’s largest cryptocurrency, are experiencing a dramatic shift in their behavior. Data from IntoTheBlock reveals a surprising trend: miner reserves have sunk to their lowest level in 14 years, raising concerns about the future of Bitcoin mining. However, a closer look suggests this might be a case of shrewd adaptation rather than a mass exodus. Halving Headaches: Balancing Rewards And Risk The culprit behind this shift is the recent Bitcoin halving event in April 2024. Roughly every four years, the number of Bitcoins awarded to miners for validating transactions is cut in half.…
[ad_1] Introduction to ElenoxOneElenoxOne has positioned itself as a competent online trading platform, often compared to established players like eToro and Crypto.com. As a review platform, we’ve noticed increasing chatter about ElenoxOne and decided to explore what it offers. Designed to appeal to a diverse user base, ElenoxOne provides a user-friendly, secure platform for trading a variety of financial instruments.As the online trading landscape continues to evolve in 2024, ElenoxOne aims to meet the needs of its users with a focus on enhancing their trading experience and adapting to new market developments.In this review, let’s explore whether ElenoxOne truly stands…
[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…