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At the time of writing, both Bitcoin and Ethereum had registered new ATHs on the charts, with the two cryptos expected to note higher highs in the next few weeks. In fact, the past month has been quite an impressive year for both coins in terms of price action. Bitcoin has recorded a hike of […]
Despite apparent sentiment shifts following this week’s price dip, experts are predicting Bitcoin will potentially reach $400,000 eventually. Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoin’s price target. Sentiment nosedived following Bitcoin’s drop below $60,000 to its current price of $56,300 and Ethereum’s dip under $2,000 this week, according to Santiment. Ether is currently trading at $1,986 The crowd mood toward #Bitcoin and #Ethereum appears to have dropped to extreme negative territory after $BTC fell back under $60k & $ETH dipped back…
2021 proved to be a very crucial year for Chainlink; since the start of the year, LINK was able to register gains of up to 250 percent when the coin’s price hit its ATH towards the end of February. However, since then, the coin has ended up trading downwards on the price charts. The past […]
With fresh developments in the Ripple-SEC lawsuit, analysts are now keeping an eye out for the company’s native crypto, XRP. Technical and on-chain analyst, Ali Martinez assessed the XRP market and published an interesting finding earlier today. According to him, XRP could provide “an opportunity for investors to profit.” Martinez used the Market Value to […]
Ethereum’s price has slipped lower over recent weeks as other markets have also slumped. Simultaneously, activity on the blockchain itself has slowed as yield farming opportunities have dried up, with many reaching a point where they became grossly unsustainable. This may not be the end of the world, though, as fundamental and technical trends suggest ETH may soon revert higher. Ethereum Social Volume Plunges as Price Slips Lower Due to a slowdown in ETH’s price action and usage of the cryptocurrency, the volume of Ethereum-related social media posts has slumped. Blockchain analytics firm Santiment reports that as of October 3rd,…
Onchain data shows that during the market carnage this past weekend the number of ethereum whales increased significantly, while ETH prices dropped by 30%. Analytics from the data firm Santiment shows 68 new whales joined the network during the last three days. During the last three days, cryptocurrency prices dropped considerably but ethereum (ETH) and a handful of defi tokens took some deeper losses in comparison. Over the weekend after the Sushiswap fiasco, ETH and a number of ERC20 token prices plummeted, losing 30% in value. The lower prices of ETH sparked a buying frenzy and according to Santiment data,…
Ethereum has room to rally after surging 10% in the past 48 hours, according to recent on-chain data shared by Santiment. The blockchain analytics firm just noted that there are a number of trends suggesting ETH has room to extend to the upside. ETH’s latest bout of strength comes as Bitcoin has inched higher as the U.S. dollar has continued its spiral to the downside. The Dollar Index is seemingly dictating the directionality of all assets, as these markets are denominated in the foreign currency. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, ETH DeFi Boom, BitMEX KYC Ethereum Has Room…
Cryptocurrencies and their proponents take a lot of pride in the former’s decentralized nature. In fact, if you ever hear someone pitching Bitcoin to someone else, you can be pretty sure that decentralization and a lack of central authority will be one of the first features he/she will highlight. A pitch like that is well and good, but how is it coming out in practice? Well, a recent report seemed to answer that question in the negative. The reason – Whales. The report in question, Santiment Pro’s latest weekly report, assessed 850 of the market’s top crypto-assets. Following the same,…
Following the leads of Bitcoin and Ethereum, XRP has stalled in the past 24 hours after a short push higher. The altcoin has flatlined around $0.285 over the past day, consolidating under the pivotal $0.30 resistance. Despite the consolidation and the medium-term pullback from last week’s local highs, the asset’s on-chain and technical outlook remains strong according to analyses. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC XRP Could Continue to Move Higher: On-Chain Data Analysis By Santiment Despite falling 10% in the past week, XRP’s on-chain outlook remains somewhat bright. Blockchain analytics firm Santiment reported…
Ethereum has been on a wild ride over the past couple of weeks and has been outperforming the largest cryptocurrency, Bitcoin. After an extended period of consolidation, ETH has witnessed a stellar rally of around 88% rising from $236.97 to $445.4 within a month. These gains have been often linked with its correlation with Bitcoin, DeFi expansion, and the use of stablecoins on the blockchain. Ethereum has proved to be one of the safest long-term assets in crypto, but certain analysts believe its medium-term rally may be under threat. Santiment on Twitter presented its findings through the chart below: Source:…
Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing. The cryptocurrency, in the past month alone, has gained 80%. It isn’t clear what exactly has been catalyzing this rally, but analysts have suggested that it’s a confluence of at least three things: Bitcoin gaining strength, both in price and in intrinsic value due to macroeconomic trends like money printing. Decentralized finance applications largely based on Ethereum garnering many users, increasing the demand for ETH…
Continue reading Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’ at E-Crypto News.
Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2.4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions. Crypto Market Cap Crosses $365 Billion The market valuation of all the crypto assets in existence is around $365 billion on Friday afternoon as a number of coins have seen decent percentage gains. Bitcoin (BTC) is trading just above the 11,800 zone and is up 2.7% today. BTC is also…
Blockchain analytics firm Santiment claims that LINK investors are becoming “uncertain” about the latest price surge of the asset despite the fact that Chainlink was one of the best performing crypto assets over the past few weeks as we reported in our Chainlink news. The Ethereum-based altcoin increased by 20% in the past 24-hours setting a new all-time high above $15, remaining the 5th biggest cryptocurrency after starting the year down on the leaderboard. Despite its parabolic price performance, Santiment claims that LINK investors are becoming “uncertain” about the future of the asset. $LINK is up a whopping +68.7% in…
BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were $167.4 million. BAND’s surging price follows a flurry of new partnerships or integration announcements. The flow of positive news about the protocol climaxed with the listing of the token on Houbi August 9, a few days after another listing on Coinbase. Before the Huobi listing,…
Chainlink’s token surged more than 45% from $9.53 to $14.09 between Friday and Sunday data shows. The surge saw chainlink’s (LINK) market capitalization shooting to $5.12 billion which makes it the sixth most capitalized token, just ahead of cardano (ADA). At the time of writing, chainlink is the only top ten token with a double-digit gain of 23% in the last 24 hours. Supporters of the project believe it will reach $20 by the end of August. The token price’s meteoric rise is a big win and an endorsement for Chainlink project, which has had to contend with averments that…
“Explosive” would be a good term to describe Ethereum’s price action over the past week. Per data from TradingView, the asset is up approximately 35% in the past seven days when assuming the $230 highs the asset surged to. Analysts say this rally is a byproduct of the strong fundamental trends that the underlying Ethereum blockchain is seeing. These trends include ETH2 moving closer, adoption of decentralized finance, and Ethereum finding use as tools for prominent companies like Reddit and Ernst and Young. Three on-chain and social signs, though, indicate the asset could soon face a correction. Ethereum Could Face…
