Data from analytics platform IntoTheBlock have illuminated a troubling trend within the Cardano (ADA) network, showing a significant dip in ‘profitability’ for its holders. While cryptocurrencies like Bitcoin and TRX show a high percentage of holders in profit, Cardano stands in stark contrast, with only 35% of its holders currently …
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Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. However, buyers are aiming to reclaim the $73K threshold in the mid-term, propelling the price towards a new all-time high. Technical Analysis By Shayan The Daily Chart A detailed analysis of …
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After facing rejection from the formidable resistance zone at $2.6K, Ethereum underwent a substantial downturn, breaking through multiple critical support levels. However, it has now landed at a substantial and decisive range, suggesting the possibility of a bullish reversal. By Shayan Ethereum Price Analysis: The Daily Chart A detailed analysis …
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Chainlink (LINK) appears to be riding the current market momentum as the cryptocurrency industry experiences a widespread surge. The recent fluctuations have brought LINK along with other digital currencies into the spotlight, prompting investors to closely monitor its trajectory. Amidst this upward trend, Chainlink has strategically positioned itself as a …
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Bitcoin (BTC) price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that asset could take. However, Charles Edwards, founder of Capriole Investments, believes that Bitcoin’s current price presents a low-risk long-term buying opportunity. Edwards’ view is based on Bitcoin’s production …
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ARK Invest and Glassnode have released white papers describing a proposed framework for analyzing Bitcoin on-chain metrics. The new method is called Cointime Economics and introduces a new measure – the coinblock – to represent the state of the Bitcoin (BTC) network. Cointime Economics can be used to represent Bitcoin’s …
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Data shows Polkadot (DOT) is still the number one cryptocurrency in the market regarding the project’s development activity. Polkadot Continues To Top The Development Activity Chart According to data from the on-chain analytics firm Santiment, besides Polkadot, the assets in the top three for this indicator are Kusama (KSM) and …
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