Bitcoin Inflows to Accumulation Wallets Hit All-Time High On-chain data reveals that Bitcoin inflows to “accumulation wallets” have reached a new all-time high, signaling a potentially bullish trend for the cryptocurrency. What Are Accumulation Addresses? According to Ki Young Ju, founder and CEO of CryptoQuant, accumulation addresses are those that meet the following criteria: No…
Surging User Activity MetaMask, a popular crypto wallet, has seen a significant surge in monthly active users (MAUs), reaching over 30 million in just five months. This represents a remarkable increase from the 19 million users recorded in September 2023. This uptick could be a positive indicator of growing activity in non-custodial activities, such as…
Whale Accumulation An Ethereum whale has purchased 64,501 ETH in the past three days, worth roughly $187 million. The whale acquired 13,526 ETH at an average price of $2,947 per ETH, adding to their substantial holdings. The whale withdrew 10,136 ETH from Binance while purchasing 3,390 ETH from 1inch. The whale’s wallet holds a total…
Ethereum’s Declining Utility Bitcoin supporter Fred Krueger has raised concerns about Ethereum’s (ETH) declining network usage and utility. Despite ETH reaching $3,000, Daily Active Users (DAUs) have dropped from 120,000 in 2021 to 66,000 in the past year. Uniswap V3, Ethereum’s leading decentralized exchange protocol, has also seen a decline in user activity. Regulatory Uncertainty…
Fred Krueger, a crypto investor, believes Ethereum is overvalued at current prices. He refers to Ethereum’s declining on-chain activity, competition from alternatives like Solana and Avalanche, and regulatory uncertainty as reasons for its high valuation. Ethereum’s Challenges Krueger argues that Ethereum’s on-chain transactions are slow and expensive compared to scalable and low-fee alternatives. He also…
A renowned crypto trader, Altcoin Sherpa, has identified potential entry points for three surging artificial intelligence (AI) altcoins: Fetch.ai (FET), Worldcoin (WLD), and Bittensor (TAO). Potential Entry Points According to Altcoin Sherpa, traders should consider entering these altcoins at the following price levels: Fetch.ai (FET): $0.7669 and $0.6856 Worldcoin (WLD): $6.618 and $5.764 Bittensor (TAO):…
Binance, a major cryptocurrency exchange, has announced its support for Starknet (STRK), a new Ethereum layer-2 scaling project. Token Distribution and Claiming Starknet recently launched its first token allocation, distributing over 700 million STRK tokens to nearly 1.3 million addresses. Eligible individuals have four months to claim their tokens, with unclaimed tokens to be distributed…
Top crypto analyst The Flow Horse predicts that Fetch.ai (FET) and Filecoin (FIL) are on the verge of a significant rally. Fetch.ai (FET) FET’s spot cumulative volume delta has been rising, indicating strong accumulation. The analyst expects FET to surpass its previous all-time high of $1.17. FET is currently trading at $1.07, slightly below its…
Crypto analyst Jason Pizzino believes Bitcoin (BTC) could reach its peak sooner than expected, breaking away from a historical pattern. Unprecedented Price Action In previous cycles, Bitcoin typically pulled back after hitting the 50% retracement level on the monthly chart. However, this cycle, Bitcoin has remained above this level, signaling a stronger market. Possible Earlier…
Whales Accumulate as Bitcoin Dips Bitcoin has recently experienced a slight dip, but it hasn’t stopped “whales” (large investors) from accumulating more of the cryptocurrency. Inflows into “accumulation addresses” (addresses with no outgoing transactions and balances over 10 BTC) have reached an all-time high of 25,300 BTC. These addresses are considered “Bitcoin Diamond Hands” due…
