Cardano (ADA) experienced a significant shift in its ownership landscape during the month of October. Large holders, defined as addresses holding over 0.1% of a cryptocurrency’s circulating supply, accumulated nearly 1.89 billion ADA coins. But is this development good news or bad news for the Cardano ecosystem? Large Holders Netflow is a metric that measures…
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Shibarium, the highly anticipated layer-2 solution for the SHIB army, finally became functional on Aug. 28, following a rocky launch plagued by technical issues that drew scorn from the broader cryptocurrency community. The launch promised a new era of efficiency for SHIB holders who had eagerly awaited this solution for over a year. However, recent…
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Bitcoin (BTC) enthusiasts are keeping a close eye on the latest market trends, and the recent insights from Glassnode’s co-founders, Jan Happel and Yann Allemann, have stirred up a new wave of excitement. The duo, known by their Negentropic handle on the social media platform X, have shared some compelling perspectives that shed light on…
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Chainlink (LINK) has experienced a remarkable rally in recent weeks, garnering significant attention from traders seeking scalping opportunities. The surge in interest isn’t limited to scalpers alone, as both retail and institutional investors are increasingly securing positions in LINK, driven by their belief in the cryptocurrency’s promising future. Chainlink recently unveiled a strategic collaboration that…
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Looking at Kaiko’s data shared on November 7 by Dessislava Ianeva, a Research Analyst at the blockchain analyst firm, it is evident that altcoins market share versus Bitcoin (BTC) has been rising in the past four months, reaching a 4-month high, the highest level since July 2023. The surge in market share can be attributed to multiple…
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FOR UPDATE… Cardano (ADA) has been making significant strides in the cryptocurrency market, reclaiming its position at the forefront of the altcoin buzz. The digital currency’s price rally has propelled it to a multi-month high, signaling a collective effort from both retail and whale investors. At the time of writing, Cardano’s trading volume stands at…
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Chainlink (LINK) has been a topic of significant discussion among cryptocurrency enthusiasts lately, particularly after the insights shared by the pseudonymous analyst Rekt Capital on the social media platform X. Rekt Capital’s recent statement about Chainlink’s shift into the bull territory following an extended period of sideways movement has captured the attention of market observers. …
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Chainlink (LINK) has witnessed a noteworthy surge in its price over the past week, defying the increasing overhead supply pressure that typically exerts downward force on cryptocurrencies. Despite these challenges, LINK’s price has managed to maintain a slow yet steady rally, driven by the influence of a rising channel pattern. As of the latest data…
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Shibarium has had quite the adoption and growth since its launch. The layer-2 solution has grown in various metrics over the months, demonstrating strong momentum. Shibarium is closely approaching the 4 million milestone in total transactions. At the same time, whales are increasing their activities, as large transactions spiked in the past week. Shibarium Nears…
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A look into the Bitcoin price action shows a consolidation under the $35,000 support level has resumed, but the majority of holders are holding steady. Onchain data has revealed that the number of Bitcoin unmoved in a 3-month timeframe has reached a record high of 88.5%. The upside potential remains huge despite the ongoing consolidation,…
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