The meme-inspired cryptocurrency Shiba Inu ($SHIB) has managed to maintain its position as the largest altcoin holding among the largest whales on the Ethereum ($ETH) network amid a cryptocurrency market downturn. According to data from whale monitoring service WhaleStats, the largest Ethereum whales haven’t divested of their Shiba...
After a strong show last week, the broader cryptocurrency market has come under selling pressure once again. Over the weekend, BTC has shown signs of selling pressure and is currently trading 1% down at a price of $22,060 and a market cap of $424 billion. Popular market analyst Rekt Capital explains: “BTC needs to Weekly Candle Close above $22800 to begin a reclaim of the 200-week MA as support”. However, BTC is likely to close this week under the 200...
Published 3 hours ago Since last week, the MATIC/USDT pair has been consolidating in a short range, reflecting high volatility in the market. However, this consolidation shaped into a pennant pattern, offering a recovery opportunity for traders. However, the coin traders should wait for a genuine breakout before positioning them into the marker.
Polygon looks primed for a retracement after soaring in market value over the past month. Still, there is a massive area of support that may help its price hold. Polygon... Source link
1Inch network has made significant strides in the last quarter as it saw an uptick in its quarterly revenue. And, amassed a growth in the total transactions processed on the network in Q2 2022, as per a report by Messari (provider of crypto market intelligence products). According to the network’s co-founder, Sergej Kunz, 1inch is a collection of composable decentralized financial (DeFi) instruments that are inherently interrelated. Popularly referred to as an all-in-one DeFi platform, its three product offerings – Liquidity...
Ethereum co-founder, Vitalik Buterin, announced the next phase of Ethereum ecosystem development at the Ethereum Community Conference. Revealing that the long-awaited merge will only complete about 55% of Ethereum’s growth plan, Buterin released 4 other phases. The Surge, Verge, Purge and Splurge phrases would allow Ethereum to process about 100,000 transactions per second.
On-chain data shows that cryptocurrency whale activity has surged for an umber of altcoins, including the meme-inspired cryptocurrency Dogecoin ($DOGE), Uniswap’s governance token $UNI, and Ethereum layer-2 scaling solution Polygon ($MATIC). According to data shared by on-chain analytics firm Santiment, cryptocurrency whale activity surged for these cryptocurrencies amid...
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