While Ethereum struggles to regain the Q1 2024 momentum, currently tethered close to the psychological $3,000 level, one trader remains bullish. Taking to X, the analyst posts several reasons to negate concerns by skeptics even with the coin trading 30% from March 2024 highs when prices broke above $4,000. By this take, doubts about future gains could […]
In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading. USDe is not fiat-backed like other popular stablecoins. Instead, it is a […]
While Bitcoin continues to trade within the $60,000 to $70,000 range, a new wave of optimism is emerging from on-chain analysis. Willy Woo, an on-chain analyst, took to X on May 7 to point out an exciting development: high-net-worth BTC holders have been rapidly accumulating the coin. High Net-worth Whales Accumulating In a chart, the analyst […]
Bitcoin price action might be dicey, undergoing a major corrective phase. However, even as $60,000 looks slippery for upbeat bulls, some analysts are optimistic that the coin is ready for a strong leg up. Going by past price action, analysts maintain that the coin will surge above $73,800 and register fresh all-time highs closer to […]
As Bitcoin drops, liquidating leveraged long bets along the way, one analyst, in a post on X, thinks this might be a prime opportunity to accumulate, citing historical patterns of pullbacks followed by impressive recoveries. The analyst shared a chart indicating that Bitcoin is within historical retracement ranges. Whenever this happens, prices tend to bounce back sharply, […]
In a momentous event that heralds a new era for Polkadot, Kusama, its test network, sold all three cores in its first Agile Coretime sale, as reported on April 30. This achievement, shared by Parity Technologies, the developer of the interoperable blockchain, is a crucial step in their roadmap towards bringing Agile Coretime to the […]
Though Bitcoin might be shaky, dumping in the London session on April 30, IntoTheBlock data now shows that the market is, after all, solid. In a post on X, the blockchain analytics platform noted that Bitcoin is in a mid-bull cycle. Despite the price cool-off, potentially accelerated by whales exiting, most BTC holders still profit. 86% Of […]
Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins, […]
Taking to X on April 26, one analyst notes that there is a high probability of Ethereum spiking in the sessions ahead because of thinning sell-side liquidity across major centralized exchanges like Binance and Coinbase. Thin Sell-Side, Big Potential Move For ETH Thinning sell-side liquidity, as seen on order books across CEXes, means that few sellers are […]
Bitcoin remains shaky when writing, down 13% from its all-time high. However, despite the short-term uncertainty, one analyst on X remains bullish on the world’s most valuable coin, citing current developments from a technical perspective. Is Bitcoin Inside A Wyckoff Re-accumulation Phase? Taking to X, the analyst believes Bitcoin might be forming a Wyckoff Re-accumulation pattern […]
There has been a noticeable uptick in network activity in the broader Ethereum ecosystem. According to Dune Analytics, excluding Ordinals-related addresses, there are over 10 million wallets actively engaging with the mainnet and Ethereum layer-2 solutions like Base, Optimism, and Arbitrum. This milestone is a direct result of the successful implementation of the Dencun Upgrade […]
Once dismissed as a fad, Meme coins are now emerging as serious contenders in the crypto market. In a recent post on X, an analyst boldly predicted that meme coins like Dogecoin, Shiba Inu, and Bonk are not just here to stay but are poised to command at least $100 billion in market cap in the […]