Polygon, the Ethereum scaling platform, faces a critical juncture. Its recent final token unlock marks a milestone, but its MATIC token grapples with a price decline and underperformance compared to peers. Token Unlock: A New Era On February 21st, Polygon unlocked and transferred 273 million MATIC tokens, worth roughly $253 million. This final transfer signifies…
Key Findings: Around 729,400 Bitcoin wallets emptied in the last month. Bitcoin’s “Total Amount of Holders” has been declining since January 20th, while Ethereum and Tether’s have risen. The US SEC’s approval of spot Bitcoin ETFs may have influenced this trend. Bitcoin Wallets Exodus: Data from Santiment, an on-chain analytics firm, reveals a significant decline…
Phase One: Exclusive Claim for Original Shiboshi Holders Shiboshi NFTs, valued at around 0.14 ETH, are now available for claiming. Only original Shiboshi holders can claim an NFT within 48 hours. Claims are free, but gas fees apply. Phase Two: Minting for Doge Killer (LEASH) Token Holders LEASH token holders can mint Sheboshi NFTs at…
Ethereum has once again broken above the $3,000 mark, after previous attempts failed due to FOMO (fear of missing out). Brief Recovery In the past day, Ethereum (ETH) has rallied 3%, breaking back above $3,000. This is the third attempt at this level, with the previous two resulting in brief surges followed by retracements. Recent…
A prominent crypto strategist, Ali Martinez, is forecasting substantial upward movement for two artificial intelligence (AI)-related altcoins: Filecoin (FIL) and Worldcoin (WLD). Filecoin (FIL) Martinez believes that FIL, the native token of the decentralized storage network Filecoin, is poised for a significant breakout. He points to the project’s decentralized network, which offers a cost-effective alternative…
Introduction DeFi staking is evolving with the emergence of liquid restaking tokens (LRTs) and layer two solutions like Blast. This article explores the background, implications, and trends in this space. Liquid Restaking Tokens (LRTs) LRTs have revolutionized Ethereum staking by unlocking the liquidity of staked assets. This innovation enables stakers to earn rewards without locking…
Brad Garlinghouse, CEO of Ripple, a payments platform, predicts a new wave of crypto investment products. He says it would make sense to create exchange-traded funds (ETFs) centered around XRP and other digital assets. Diversification and Risk Garlinghouse compares the early days of the stock market to the current state of crypto, emphasizing the need…
Realized Cap and Hash Rate Offer Insights According to Ki Young Ju, co-founder and CEO of analytics platform CryptoQuant, there’s still a long way to go before Bitcoin reaches its cyclical top. Young Ju pointed out that 63% of Bitcoin’s realized cap hasn’t moved in more than six months. This metric aims to provide a…
Bitcoin’s rocky start to the week, losing its footing above $52,000, has raised concerns. However, indicators suggest a possible continuation of the upward trend. Fisher Transform Analysis Crypto analyst Tony The Bull identified a significant trend in Bitcoin’s chart that could trigger a continuation of the rally above $52,000. The 1-week Fisher Transform shows similarities…
Bitcoin’s value has been on a wild ride lately, hitting a high of $53,000 before taking a nosedive. But one crypto expert says the cryptocurrency still has room to grow. Bitcoin’s Strength Despite the recent drop, Bitcoin is still trading above $50,000, which analyst Michael van de Poppe sees as a sign of strength. He…
