Buying pressure on XRP was high, while its price action was sluggish. Most metrics and indicators hinted at a price correction. As a researcher with experience in the cryptocurrency market, I’ve closely watched XRP‘s price action and market sentiment. While there’s been an increase in social metrics and discussion around the token due to recent … Read more
As an experienced cryptocurrency analyst, I believe that the emergence of new transaction fee-generating applications like Ordinals, Runes, and BRC-20s will be crucial for Bitcoin miners’ sustainability as more halving events occur. The Bitcoin network’s growth in use cases and user base has significantly impacted miners’ fee income from on-chain transactions. According to a mining … Read more
Large holders have accumulated millions of DOGE. DOGE saw an over 1% price increase. Based on my analysis as an experienced financial analyst, the recent accumulation trend among large Dogecoin holders and the corresponding increase in price could be a promising sign. However, it is essential to remain cautious, as DOGE‘s price trend remains bearish, … Read more
As a seasoned crypto investor with several years of experience under my belt, I find the recent emergence of a “bullish hammer” candle on Bitcoin’s weekly price chart intriguing. The bullish hammer is a bullish reversal pattern that occurs when there is a small body above a thin long line, referred to as a “wick.” … Read more
As a researcher with a background in financial markets and stablecoins, I find Deutsche Bank’s report on the potential failure of most dollar-pegged stablecoins, including Tether (USDT), to be intriguing but also somewhat misleading. The report relies heavily on historical data of fixed currencies and draws parallels between them and stablecoins, which I believe is … Read more
As a researcher with experience in the Bitcoin mining industry, I find Marathon Digital’s Q1 2024 results intriguing. The company’s revenues increased by 223% year-on-year, but it missed analyst estimates due to unexpected equipment failures and weather-related curtailments. As a researcher studying the financial performance of Bitcoin (BTC) mining companies, I came across Marathon Digital’s … Read more