A leading crypto analytics firm says deep-pocketed whales are quickly accumulating Cardano (ADA) and Litecoin (LTC). Santiment says Cardano is likely undervalued given how much whales and sharks are grabbing it up. “Is Cardano severely undervalued at this point? One of santimentfeed’s key community members certainly sees data making this case, such as sharks and whales (holding 100,000 to 10 million ADA) accumulating aggressively these past six weeks.” Source:… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The Volume Profile tool highlighted heavy resistance at $147. The technical indicators showed bulls have some hope, so long as a critical level of support was defended. Monero faced stern resistance in the $150-$160 region since mid-September. The surge to $160 in early November was quickly reversed after the FTX implosion… Source link

The global crypto market has seen a trend of decline in value as the market continues to be turbulent. The continuing problems have kept the value of Bitcoin, Ethereum, and others declining. As the negative trend continues, there has been a significant decrease in the influx of capital. The market has faced turbulence over most of the year and hasn’t been able to recover from losses. Though there was a slight respite on Christmas eve, that has come to an end. Extreme weather conditions in… Source link

Moreover, some blockchain developers thought that OFAC, by sanctioning a smart contract, violated free speech. For those who believe Ethereum should be a “credibly neutral” platform, blocking off sanctioned transactions in any form amounted to a kind of censorship – even if, for now, those transactions can still find ways onto Ethereum’s ledger, albeit at a slight delay relative to other transactions. Source link

In this issue Terra: Crypto catastrophe FTX: Lessons to learn Ethereum’s Merge: In the sun Yuga Labs: Monkey business NTFs in China: Cat-and-mouse From the editor’s desk Dear Reader, If you feel as though you’ve lived 2022 in dog years, you’re not alone. The past 12 months have been a trying time for all in the crypto community as we’ve watched investors lose billions of dollars, once-feted crypto companies go to the wall, and digital asset values remain in the doldrums. There’s no… Source link

Closely followed crypto analyst Michaël van de Poppe says Litecoin (LTC), Polygon (MATIC) and Fantom (FTM) are positioned for rallies. The popular analyst tells his 643,300 Twitter followers that Litecoin will likely continue to move to the upside after a possible dip. He says Litecoin could increase by more than 22% from its current value of $68.71 at time of writing. “Litecoin shows strength, and probably will continue to show strength. I’m interested in the $69 range for… Source link

Publicly listed Bitcoin (BTC) miners sold off almost all of the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created “a persistent headwind” for the Bitcoin price or not.  Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 tweet, indicating that approximately 40,300 of the 40,700 BTC mined by Core Scientific, Riot, Bitfarms, Cleans Park, Marathon, Hut8, HIVE, Iris Energy, Argo and Bit Digital from Jan. 1 to Nov. 30 was… Source link

When Ethereum finally moved from a Proof of Work (PoW) to a Proof of Stake (PoS) mechanism, it had been done to much fanfare in the community. Most celebrated the new promise of better efficiency and significantly less energy consumption. However, just months after the upgrade, a new problem has reared its head and that is how much easier it is to sanction ETH transactions. 60% Of Ethereum Blocks Follow OFAC Back in August, the US Office of Foreign Assets Control (OFAC) imposed sanctions on… Source link

A popular crypto strategist says that Litecoin (LTC) could go on an epic surge before the peer-to-peer payments network’s halving event next year. Pseudonymous analyst Rekt tells his 329,900 Twitter followers that Litecoin is showing signs of strength on the higher timeframe after rallying above its long-term accumulation level. According to the crypto strategist, LTC could be mirroring its 2019 price action when it rallied from around $70 to $146 in just a few months. “[The]… Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link