Transactions occurring on the Cardano network surged. New developments could potentially help the network in the future. As an experienced analyst, I believe that the recent surge in transactions on the Cardano network is a positive sign for the ecosystem. However, it’s important to note that this activity was mainly driven by a few active … Read more
Ethereum saw a record number of daily active addresses. ETH’s support has continued to hold. As a seasoned crypto investor with a keen interest in Ethereum’s [ETH] on-chain metrics and price trends, I find the recent surge in daily active addresses on the Ethereum network quite intriguing. The fact that this metric reached record highs … Read more
Solana’s revenue failed to pick up despite low congestion on the network Volatility around SOL decreased, indicating that a breakout was not close. As a researcher with experience in blockchain technology and cryptocurrency analysis, I find Solana’s [SOL] recent revenue drop concerning. Despite the network experiencing low congestion, the project failed to generate significant revenue, … Read more
Ethereum outperformed all other networks in terms of development activity. Whale interest in ETH declined significantly in the last few days. As a seasoned crypto investor with a keen interest in Ethereum [ETH], I’ve witnessed firsthand how this network has outperformed all other platforms in terms of development activity. The recent buzz around potential Ethereum … Read more
Bitcoin remained in the $64,000 price range. Close to 2 million addresses bought BTC in this price range. As a researcher with experience in cryptocurrency markets, I’ve been closely monitoring Bitcoin’s [BTC] price movements and the underlying market dynamics. The recent drop in Bitcoin below its former support level at $66,000 has raised concerns about … Read more
Dogecoin holders are refraining from selling, potentially paving the way for a price increase. Technical indicators suggested a rise in momentum, while on-chain data showed that it was time to buy. As an experienced analyst, I believe that Dogecoin’s recent trend of increasing Coins Holding Time and decreasing transaction volume, along with positive technical indicators … Read more