Opeyemi is a skilled writer and a fervent enthusiast in the dynamic world of cryptocurrency. Although the digital asset industry was not initially his top choice, he has become captivated by it ever since he delved into this space over two years ago. Opeyemi now takes pride in crafting distinctive pieces that demystify the intricacies
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As the crypto market remains uncertain and volatile, some large investors are making moves that have caught the attention of data intelligence firm Santiment. Santiment’s analysis has revealed the top ten crypto projects that have experienced a surge in whale activity. These whales are defined as investors carrying out transactions valued at $100,000 or more.
Ethereum’s recent performance has been lackluster, with a noticeable bearish trend dominating the market. Following a pullback to the lower boundary of a broken wedge pattern, coupled with the formation of a death cross, investor sentiment has been dampened. The lack of strong inflows into spot ETH ETFs has only served to underscore this negative
Ethereum (ETH) is currently facing a significant selling pressure, resulting in a 23% decline and bringing its price down to yearly lows at $2,200. One of the major concerns for investors is the declining on-chain activity of Ethereum compared to Bitcoin. Ethereum’s total transaction fees have continued to decline, primarily due to lower fees after
The recent crash in the Bitcoin and crypto market has sent prices plummeting and has sparked a wave of panic among investors. This has led to the Fear & Greed Index plunging into the Extreme Fear territory, indicating that investors are less likely to invest in the market. The Fear & Greed Index is an
Trading in the financial markets can be a rollercoaster of emotions, excitement, and stress. It requires quick decision-making and undivided attention, which can be challenging for many individuals. This is where trading bots come into play. These automated tools use algorithms to analyze market data and execute trades automatically, taking the burden off human traders.
Recent developments in the cryptocurrency market have shown that Ethereum has entered oversold territory, indicating a potential bullish trend ahead. Analysts such as Titan of Crypto have suggested that Ethereum is ready for a price rally, potentially reaching as high as $6,000. Historically, whenever the relative strength index (RSI) is in or near oversold territory
Toncoin (TON) had seen a significant surge earlier in 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the cryptocurrency’s momentum began to wane towards the end of August, with its current trading price at around $4.80, marking a 40% drop from its peak. This downward trend in TON’s price can be attributed
The recent release of the US jobs report on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This data, coupled with the figures from July and June, brought the three-month average to a mere 86,000 – a stark contrast to the 202,000 new
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently reached its lowest level for the year, echoing a similar pattern last observed in October 2023. This metric plays a crucial role in analyzing investor behavior within the cryptocurrency market. In June, 99% of Bitcoin UTXOs were in profit, but this number has