Share: dYdX whales holding between 100,000 to 1 million tokens have consistently accumulated the token since March. The accumulation of dYdX by whales has reduced the reserves of the token across exchanges, resulting in a decline in selling … [Continue reading]
Cardano whale activity signals this move in ADA price
Share: Cardano witnessed a massive uptick in whale activity, with a large volume of whale transactions, hitting a seven-day high. ADA price is currently in an uptrend and yielded 5% gains for holders overnight. Experts believe that … [Continue reading]
Ripple drops XRP from liquidity hub triggering FUD among XRP holders
Share: Ripple dropped XRP from its liquidity hub and explained that the altcoin will be evaluated alongside other tokens. XRP holders speculate that Ripple’s move is likely motivated by the SEC’s probable win in the lawsuit against the … [Continue reading]
Shiba Inu scaling solution Shibarium hits key milestone, SHIB price eyes recovery
Share: Shiba Inu’s Shibarium beta network Puppynet hit a key milestone as total transaction count tripled, crossing 3 million. The average block time on Puppynet is five seconds or less and the total number of wallet addresses on Shibarium … [Continue reading]
Ethereum withdrawals outpace deposits, alarming ETH holders of the price impact
Share: Ethereum newly staked in the ETH2 deposit contract has not outpaced the volume of ETH withdrawn. 306,000 Ether has been withdrawn while a little over 50% of this amount has been newly deposited to the Beacon chain contract. … [Continue reading]
After Bitcoin and Dogecoin, Elon Musk could be preparing to influence AI crypto tokens now
Share: Elon Musk announced the launch of his ChatGPT competitor - X.AI. Musk is famous for having a unwantedly strong influence over the crypto market. Elon Musk entering the Artificial Intelligence space is set to trigger a reaction among the AI … [Continue reading]
Uniswap whales mark a two-way spike expecting a rally, but UNI is on a different path
Share: Uniswap large wallet holders holding 1 million to 10 million UNI have been accumulating while smaller whales are selling. One of the biggest issues is the lack of presence of investors on the network, as daily active addresses keep under or … [Continue reading]
Traders skeptical about TrueUSD despite TUSD nearing USDT in Bitcoin trading volume on Binance exchange
Share: TrueUSD (TUSD) market share rose to 49%, almost equaling the Tether (USDT) market share. It comes after Binance assigned a zero fee discount to the BTC-TUSD trading pair last month, waiving the promotion from BTC-USDT. Despite the … [Continue reading]
US Dollar Index: Could a double bottom at the weekly chart drive the DXY to 111.000?
Share: The US Dollar Index found bids at around the YTD lows at 100.788. USD bulls must retake 104.000 to challenge YTD high at 105.883 and maintain a double-bottom approach. Contrarily, USD bears must reclaim 100.788 to test the 200-week EMA at … [Continue reading]
AUD/USD reverses course below 0.6700 after hitting resistance at 200-day EMA
Share: Retail Sales in the United States plunged as Industrial Production decelerated. US Consumer Sentiment improved, but the needle on inflation expectations rose. AUD/USD Price Analysis: Could test 0.6600 with a daily close below 0.6700. … [Continue reading]