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The Aptos Foundation and Alibaba Cloud have joined forces to boost Japan’s Web3 ecosystem. Co-branded Developer Community Together, they’ve launched Alcove, Asia’s first co-branded Move developer community. Alcove aims to: Promote the Move programming language Foster innovation Increase digital accessibility Move Development Initiatives The Aptos Foundation will spearhead initiatives through Alcove, including: Move developer meetups…
Declining Long-Term Holder Supply Data from CryptoQuant shows that Bitcoin’s long-term holder (LTH) supply has been decreasing lately. LTHs are investors who have held their coins for over 155 days and are known for their resilience. Selloff by LTHs The chart below shows the trend in the total supply held by LTHs and its 30-day…
Whale Activity on the Rise Despite the recent price drop in Shiba Inu (SHIB), some whales have been making big moves. In the past 24 hours, they’ve transferred a whopping 1.55 trillion SHIB tokens, worth around $26.6 million. Large Transactions Soaring This isn’t a one-off event. In the past seven days, whales have moved a…
Despite Ethereum’s recent struggles, experts believe it’s poised for a breakout. The $7,500 Prediction Based on historical data and market patterns, experts predict Ethereum could reach $7,500. This prediction is supported by the emergence of a Fibonacci extension level similar to the one seen in early 2021, which signaled a major rise for Ethereum. Bullish…
Ethereum’s Long-Term Potential Crypto trader Duncan believes Ethereum (ETH) has significant long-term potential, even after its recent decline below $3,400. He cites the upcoming Spot Ethereum ETFs as a potential catalyst for a major rally. Spot Ethereum ETFs: A Game-Changer Duncan believes the Spot Ethereum ETFs will be a huge success due to: Asset managers…
Crypto trader Michaël van de Poppe predicts a rally in Covalent (CQT), a low-cap artificial intelligence (AI) token. Van de Poppe believes CQT is poised for a significant surge due to recent updates. Bitcoin and Ethereum Outlook Regarding Bitcoin (BTC), Van de Poppe cautions that it may experience a slight dip before resuming its upward…
Realized Losses VanEck’s Head of Digital Assets, Matthew Sigel, highlights realized losses by short-term holders as a bullish indicator. These losses represent the difference between the buying and selling prices of BTC holders. A high level of realized losses, such as the recent $500 million, suggests that short-term traders are selling at a loss, indicating…
Glassnode co-founders believe Ethereum (ETH) could skyrocket by 120% from its current level. Historical Pattern They point to a similar pattern in early 2021, where ETH rallied significantly. Based on this, they predict a target price of around $7,500, which would mirror the Fibonacci extension seen in 2021. Relative Strength Ethereum is currently showing relative…
A well-known cryptocurrency analyst, DonAlt, has issued a warning about Bitcoin (BTC). He believes that BTC is at risk of falling below a crucial support level of $60,000. Key Points If the $60,000-$73,800 range breaks down, Bitcoin could experience a prolonged downturn of at least 120 days. In the worst-case scenario, BTC could drop to…
Reduced Miner Selling CryptoQuant analyst Crypto Dan has observed a decline in miners selling Bitcoin. Miners have been major sellers in recent months, contributing to the market downturn. However, the recent reduction in selling pressure suggests a potential shift. Market Absorption The market appears to be absorbing the miners’ sell-off. The volume and frequency of…
