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Coinbase, the leading crypto exchange in the US, has proposed a new way to accurately measure the adoption of blockchain technology. The Challenge of Measuring Adoption As more blockchain applications are launched, traditional metrics like total transactions and daily active addresses become less reliable due to spam and fake accounts. Introducing the h-index To address…
Jamie Coutts, an analyst at Real Vision, has issued a warning about the altcoin market. After a strong six-month run, he believes altcoins are now in a bearish trend. Lagging Behind Bitcoin Coutts notes that most altcoins are underperforming Bitcoin (BTC). Despite Ethereum’s recent gains, the broader altcoin market has failed to follow suit. The…
Market Volatility and Emotional Reactions Renowned crypto analyst Cold Blooded Shiller (@ColdBloodShill) recently shared his insights on Bitcoin’s current state amid market volatility. He emphasized the exaggerated emotional responses to single events, highlighting the importance of staying calm and rational. Technical Analysis Despite price fluctuations, Shiller believes Bitcoin is in an uptrend. However, he identifies…
Whales Accumulate Bitcoin Big investors, known as whales, have been buying Bitcoin like crazy, adding nearly $1 billion worth daily. This shows their belief in Bitcoin’s long-term potential and is seen as a bullish sign. Retail Investors Join the Party Not just whales, but everyday investors are also getting into Bitcoin. The number of addresses…
Uniswap Labs has made a major move into the blockchain gaming world by buying ‘Crypto: The Game’ (CTG), a popular on-chain survival game. Uniswap and CTG Founders Join Forces Uniswap Labs is excited about the acquisition, saying it wants to make on-chain experiences more enjoyable and human. The exact purchase price is unknown, but it…
Bitcoin’s price has been stuck below $70,000 for months, but experts are predicting a major breakout is just around the corner. Factors Driving Bitcoin’s Price Selling pressure from market participants: Some people are selling their Bitcoin to raise cash, which is keeping the price down. Increased short interest: Newer traders are betting against Bitcoin, but…
Large Transactions Spotted XRP whales have been making significant withdrawals from the Binance exchange. These transactions are often associated with large investors who can influence the asset’s price. Exchange Outflows Two of the whale transactions involved withdrawals from Binance. One was for 26,440,906 XRP ($13.2 million), and the other was for 30,406,274 XRP ($15 million)….
BNB’s Price Skyrockets Binance Coin (BNB) recently hit an all-time high, boosting its market capitalization to over $109 billion. This surge has mirrored the rise of Binance, the world’s largest crypto exchange. BNB’s Utility and Benefits BNB holders enjoy trading fee discounts on Binance and can use the token to pay fees on Binance Smart…
Blockchain tracker Lookonchain has spotted a potential accumulation of GMX, a decentralized exchange (DEX) token, by large investors. Whales Buy GMX According to Lookonchain, multiple new wallets have purchased over $15 million worth of GMX from Binance. This has contributed to a 24% price increase for GMX over the past two days. Other Whale Activity…
Abra CEO Bill Barhydt believes Bitcoin (BTC) holds the key to solving a centuries-old problem: the debasement of fiat currencies. Historical Betrayal of Trust Barhydt explains that throughout history, powerful nations have built their empires on sound monetary policies. However, they have often betrayed their people’s trust by resorting to currency devaluation. “After World War…
