MKR’s price declined after a phishing attack caused a decline in sentiment. Short positions taken against MKR surged. As a researcher with experience in the cryptocurrency market, I find the recent phishing attack on MakerDAO (MKR) to be a concerning development for the token’s short-term prospects. The sudden sell-off of 3,657 MKR tokens caused by … Read more
AVAX plummeted by 10% due to massive shady whale transactions. Despite the sharp decline, the derivatives market showed a bullish inclination among traders. As a crypto investor with some experience under my belt, I’ve seen my fair share of market volatility and whale transactions. The sudden 10% drop in AVAX‘s price due to massive shady … Read more
Litecoin has been accumulating bullish momentum in the short term. Metrics indicated mixed signals. As a seasoned crypto investor with a few years of experience under my belt, I’ve learned to read between the lines when it comes to analyzing cryptocurrencies like Litecoin. Based on the data presented in this analysis, I see Litecoin as … Read more
Starknet and Arbitrum led the pack in user fees, surpassed only by zkSync Era. The price of both tokens declined despite positive protocol performance. As an experienced analyst, I have closely followed the developments in the Layer 2 (L2) space and have been particularly intrigued by the recent surge in competition between Starknet (STRK) and … Read more
XRP hinted at a price increase amid decreasing blockchain transactions. Demand for the token by new investors remained low. As a seasoned crypto investor with a keen interest in XRP, I’ve seen my fair share of ups and downs in the market. The recent signs of potential price increase for XRP are intriguing, especially given … Read more
Bitcoin ETFs faced outflows, but BlackRock’s IBTC remained stable and increased holdings Analyst Thomas believes Bitcoin’s current dip is a precursor to a significant bull run. As a researcher with experience in the crypto market, I find it intriguing to observe the recent trends in Bitcoin Exchange-Traded Funds (ETFs). Despite the broader crypto community’s anticipation … Read more