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
Pendle, Lido DAO, and Ethereum Name Service were the biggest winners of the past week. zkSync, dogwifhat, and Notcoin were the biggest losers of the week. In summary, Ethereum Name Service (ENS) was the third-biggest gainer of the week with a 7.7% gain despite its price dropping to around $25. This performance made it the … Read more