Data of holders in/out of the money provided valuable insights into where Ethereum could halt its downtrend. Two network metrics showed increased selling pressure behind ETH in recent weeks that has not yet let up. As a seasoned crypto investor with experience in the market’s volatile swings, I find the recent data on Ethereum [ETH] … Read more
Biden’s crypto policies, like vetoing the SAB 121 repeal, have sparked controversy in the crypto community. Scaramucci backed Biden, citing Bitcoin’s growth and cautioning against Trump’s electoral crypto stance. As a crypto investor with some experience in the market, I’ve been closely following the developments surrounding President Joe Biden’s crypto policies and the ensuing reactions … Read more
The altcoin season index showed investors need to bide their time. Participants will need to be more picky in their altcoin bets this cycle due to the inundation of new tokens. As a researcher with extensive experience in cryptocurrencies, I believe that the current market conditions indicate that investors should exercise patience when it comes … Read more
XRP showed signs of a bullish reversal, with a double-bottom formation at $0.40. The Ultimate Oscillator and RSI suggested a balanced state without strong buying or selling pressure. As a researcher with a background in analyzing cryptocurrency markets, I’ve been closely monitoring XRP‘s recent price action. Based on my observations and the technical indicators, I … Read more
Ethereum has seen an increased inflationary trend recently. ETH was trading at around $3,300 as of this writing. As a researcher with extensive experience in the cryptocurrency market, I’ve closely observed Ethereum’s [ETH] recent shift towards inflationary trends despite its historical deflationary nature. The current trading price of ETH hovers around $3,300. In more straightforward … Read more
Polygon noted a bearish market structure and was poised for more losses The uptick in dormant circulation warned of a wave of selling pressure As an experienced analyst, I’ve closely observed Polygon [MATIC] crypto’s price action and market structure. The bearish trend intensified in June, with the price slipping below the 2-month range on the … Read more