The number of addresses on the network has been falling for the last seven days ETH supply on exchanges fell, reducing the potential of a sell-off As a researcher with experience in analyzing cryptocurrency markets, I find the recent trend in Ethereum’s [ETH] network activity quite concerning. The declining number of active and new addresses … Read more
Bitcoin’s price around $61k is a victim of market cooling, summer slowdowns Mt. Gox unlocks and government sales raise some supply concerns too As an experienced analyst, I believe that Bitcoin’s current price around $61k is primarily a result of market cooling and summer slowdowns. The positive news about potential ETH ETFs led to initial … Read more
LINK depreciated by 3.21% in just 24 hours Despite the fall in price, however, market sentiment remained largely positive As a researcher with extensive experience in the crypto market, I’ve closely monitored LINK‘s recent price action and market sentiment. The past 24 hours have seen a depreciation of 3.21% for LINK, yet surprisingly, the overall … Read more
XRP’s daily and weekly charts flashed red, at press time While a few metrics seemed bullish, the rest suggested otherwise As an experienced analyst, I believe that XRP‘s current market situation is intriguing. While the daily and weekly charts indicate red, there are bullish signs that could lead to a trend reversal. The appearance of … Read more
SOL contracts surpassed $5 million with longs taking a larger share High areas of liquidity existed between $138 and $140, indicating that the price might fall to these levels As a researcher with extensive experience in cryptocurrency markets, I find the recent Solana [SOL] price action intriguing. Based on Coinglass’s liquidations data and AMBCrypto’s analysis, … Read more
Cardano’s price hiked by over 6% in the last seven days Most metrics and indicators seemed to be in favor of a bullish breakout As a researcher with experience in analyzing cryptocurrency markets, I’m encouraged by the recent bullish signs for Cardano (ADA). The token’s price has shown significant growth in the past week, hiking … Read more