Whales And Sharks Continue To Add To Their Holdings

Data shows the Ethereum whales and sharks have continued to fill up their bags recently, a sign that may prove to be bullish for the price of the crypto. Ethereum Whales And Sharks Bought 561k ETH In A Single Day As per data from analytics firm Santiment, ETH whale and shark addresses are accumulating back towards pre-Merge levels. The relevant indicator here is the “ETH supply distribution,” which tells us which wallet groups are currently holding what percentage of the total Ethereum… Source link

Read More »

Paradigm releases ‘Ethereum for Rust’ to help ensure network stability

Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology office, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java, or other languages. A previous Rust implementation had been released by Erigon in June, but the Erigon team stopped supporting it in November when they learned that Reth was under development,… Source link

Read More »

Is Litecoin (LTC) Trending Lower or Higher Thursday?

Litecoin receives a strong long-term technical score of 97 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. LTC currently holds a superior long-term technical analysis… Source link

Read More »

Wyckoff Method Says Bitcoin (BTC) Price Has Already Bottomed

In today’s analysis, BeInCrypto looks at the Wyckoff schematics, which can explain the current accumulation phase of the Bitcoin (BTC) price. This pattern, known from traditional markets, has already been used to correctly identify the peak of the cryptocurrency bull market in 2021. However, if Wyckoff accumulation is to play out according to its basic pattern, Bitcoin should not fall below the Nov. low at $15,476. Moreover, in the near future, the largest cryptocurrency needs to reclaim… Source link

Read More »

Ethereum Price Prediction with ETH Down 4.5% from Highs – Here’s Where It’s Headed Next

Ethereum Price Prediction with ETH Down 4.5% from Highs – Here’s Where It’s Headed Next

ETH recently found support at its 21DMA and a key Fibonacci level. Source: TradingView Ethereum (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain network, has mounted a decent recovery on Thursday in tandem with a more risk-friendly tone to trade in traditional asset classes (US stocks are up and the US dollar is down).  ETH/USD was last changing hands in the $1,250 area, up 0.75% in the last 24… Source link

Read More »

Litecoin (LTC) Is Losing Value While Nexo (NEXO) Is Not Going To Make It But Snowfall Protocol (SNW) Offers 1000x Gains As It Announces The Prototype To Their Innovative dAPP!

As Litecoin (LTC) falls in price and struggles to keep up with the competition, Nexo (NEXO) is not looking too good either. However, Snowfall Protocol (SNW) has just announced their prototype for their innovative dAPP, which offers 1000x gains! If you are looking to invest in a top cryptocurrency project, SNW is definitely worth considering! Why Snowfall Protocol (SNW) Has 1000x Potential Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible… Source link

Read More »

Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI

Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI

Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the U.S. dollar threatened further weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar dips as stocks see modest upt Data from Cointelegraph Markets Pro and TradingView showed BTC/USD practically flat over the 24 hours to the time of writing. With macro cues lacking, analysts eyed a potential breakdown in U.S. dollar strength as the next volatility catalyst for crypto and risk assets. The U.S. dollar… Source link

Read More »

BTC Nears 10-Day Low, as Bears Regain Market Sentiment – Market Updates Bitcoin News

BTC Nears 10-Day Low, as Bears Regain Market Sentiment – Market Updates Bitcoin News

Bitcoin continued to slip on Thursday, with the coin remaining close to its lowest level since the end of November. Momentum in cryptocurrency markets has shifted in recent days, with sentiment currently bearish. Ethereum was also lower, with the token dropping towards $1,200. Bitcoin Bitcoin (BTC) remained near a one-week low on Thursday, as cryptocurrencies continued to trade in the red. BTC/USD slipped to a bottom of $16,750.56 earlier in the day, less than 24 hours after trading… Source link

Read More »

‘Wolf Of Wall Street’ Advises Investors To Hang On To Bitcoin

‘Wolf Of Wall Street’ Advises Investors To Hang On To Bitcoin

The year 2022 has been a very rough one for Bitcoin and the general crypto market. In the initial 11 months of the year, BTC declined by about 65%. Then, when it appeared that BTC gained stability at the $20K price mark, the FTX contagion broke out. The adverse event has brought the leading coin, Bitcoin, down by around 75% from its peak price of $68,789. BTC currently trades at $16,823. Bitcoin shows a decline on the chart l BTCUSDT on Tradingview.com Notwithstanding, Bitcoin is still more… Source link

Read More »

Data Suggests Ethereum L2 Tokens May Experience Major Upside

Data Suggests Ethereum L2 Tokens May Experience Major Upside

While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem. As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented. Ethereum gas spent to settle L2 transactions. Source: Twitter Blockchain analytics firm Nansen… Source link

Read More »