Whale sold a huge majority of its holdings, causing MKR’s price to fall. The protocol struggled to generate TVL. The price of MKR has had quite an impressive run over the last month. Since 26 June, the price of the MakerDAO[MKR] governance token has soared from $688.16 to $1138.12. Realistic or not, here’s MKR’s market …
MakerDAO: Whale behavior threatens to cut the rally short as… Read More »
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure of Binance Coin flipped bearish on 16 July, and trendline support was also breached. Selling pressure has gained strength recently, and prices were likely to slide lower. Binance Coin [BNB] has …
Stablecoin sharks and whales have not converted to other assets despite downtrend. The crypto market cap remained above $1 trillion. Amidst the recent slump in the crypto market, a curious phenomenon has emerged: addresses bulging with substantial reserves of stablecoins such as Tether [USDT] and USDCoin [USDC] have remained quiet. But what does this unusual …
The curious case of stablecoins amid slumping crypto market Read More »
DOGE’s volume rose and its price also followed in the same direction. The coin price could reverse its momentum if open interest on exchanges continues to rise. The trading volume of Dogecoin [DOGE] tapped its highest in the last sixteen weeks, data from Santiment revealed. In general, a high trading volume indicates stable liquidity, and …
Dogecoin prices surge as traders await Musk’s next move Read More »
A new report suggests that Tron was the major cryptocurrency used for ISIS transactions over the last year. Sentiment around TRX remained negative, as the price continued to decline. TRM Labs, a blockchain intelligence platform, recently published a report highlighting the increasing adoption of cryptocurrencies by affiliates of the Islamic State of Iraq and Syria …
Is Tron the network for the illegal? This latest report suggests that… Read More »
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The bulls failed to secure the breakout level of $26.85. Open Interest rates declined, and more long positions wrecked. Solana’s [SOL] pullback extended ahead of the Fed’s rate decision on 25/26 July. After Ripple …
BTC’s whales have decreased their holdings gradually since April. Despite the decline in whale accumulation, the coin remains a profitable asset. As Bitcoin’s [BTC] price continues to face resistance at the crucial $30,000 psychological price level, whale holdings have experienced a slight decrease, data from Santiment showed. According to the on-chain data provider, while the …
Bitcoin: Sharks show appetite while whales remain cautious as… Read More »
Daily active addresses trading UNI drop to a one-month low. New demand for the alt token drives up its price by double digits in the past 30 days. On-chain network activity for Uniswap’s governance token UNI has dropped to its lowest level in the last month, data from Santiment showed. Is your portfolio green? Check …
Uniswap’s network activity falls to a month low, but it’s not all bad news Read More »
Though positive sentiment around the token improved, its price action was against investors’ interest. Fantom’s market indicators also remained in the bears’ favor. Fantom [FTM] recently made a noteworthy achievement. It was among the six chains that repeatedly appear in the top 10 by DEX volume since March 2021, when cryptocurrencies first witnessed new ATHs. …
Assessing whether Fantom’s latest achievement can boost FTM Read More »
In the last week, XLM’s price grew by double digits. With changing sentiments, a price retraction might occur this week. Posting double-digit gains of almost 25% in the last seven days, Stellar Lumens [XLM] ranked as the second crypto asset with the highest price growth in the last week, according to data from CoinMarketCap. Read Stellar …
Stellar’s XLM surges by 22% in a week – Will the uptrend continue? Read More »