Author: NBTC
Unusual trading activity across multiple altcoins has been observed on South Korea’s largest cryptocurrency exchange Upbit, with significant volume increases detected across multiple assets. En dikkat çekici artışlar Beam (BEAM), 0x Protocol (ZRX), Loom Network (LOOM), Axie Infinity (AXS) ve Primer (ASTR) için 4 saatlik ve 1 saatlik grafiklerde kaydedildi. Beam (BEAM) On the 4-hour chart, Beam (BEAM) saw a dramatic increase in trading volume on Upbit. While the average 50-period volume was $38 million, the most recent recorded volume increased by 125.48% to $86 million. However, this trend was not reflected on Binance, where Beam’s trading volume decreased by…
According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling solution out there” because it enables constant data posting to the main chain “regardless of user throughput.” Rollups Versus Plasma Though rollups have gained traction since Ethereum co-founder Vitalik Buterin introduced the idea a few years ago, Brink believes proponents seem to misunderstand the importance of data storage. In written responses to Bitcoin.com News, he asserts that rollups are…
A closely followed analyst and trader warns that Bitcoin’s (BTC) multi-month bull market may be hanging by a thread. Pseudonymous analyst Altcoin Sherpa tells his 219,700 followers on the social media platform X that he’s keeping a close watch on Bitcoin’s price action at around $58,000. According to the trader, an immediate move below $58,000 could spell trouble for the crypto king. “$58,000 would be the level of interest for me for BTC. Pulling back is expected; the reaction from that area should be telling. Bounce strongly = we test higher levels. Weak bounce or nonexistent= we go to hades.”…
The cryptocurrency market has seen a major decline in the past week, with the world’s largest crypto asset, Bitcoin, losing 9%. In addition, large amounts of token unlocks will be seen in many altcoins in the new week. Here is the cryptocurrency token unlocking calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Orbs (ORBR) Market Value: $324.38 million Unlock Amount: $12.24 million (3.77% of market cap) Unlock Date: 02.09.2024, 03:00 Biconomy (BICO) Market Value: $180.22 million Unlock Amount: $1.61 million (0.89% of market cap) Unlock Date: 02.09.2024, 08:00 Ethena Labs…
The price of Ethereum (ETH) has fallen below the 21-day moving average line. Price analysis by Coinidol.com. Ethereum price long-term analysis: ranging Ether fell as buyers failed to sustain the bullish momentum above the $2,800 resistance and the 50-day SMA. A break above the 50-day SMA would have put the altcoin in an uptrend. However, a break below the 21-day SMA support indicates a possible decline or resumption of the sideways trend. Ether is trading above support at $2,200 and resistance at $2,800. Today, Ether is rallying after hitting a low of $2,700. On the downside, ETH will continue to…
An unidentified large floating object was detected in the Shiba Inu (SHIB) ecosystem this week. It is a whale, as it is called by particularly large investors in the market. The Shiba Inu ecosystem is home to many such entities. For example, according to IntoTheBlock, the concentration of addresses holding at least 1% of the outstanding supply of all Shiba Inu tokens is 59.95% or 589.67 trillion SHIB. To be fair, however, 410.42 trillion tokens are held on a dead address and are considered burned. The hero of last week, however, was the address “0x78342,” which absorbed over 1 trillion…
Ethereum traders remain optimistic about a price recovery despite the altcoin’s multiple false breakouts. Their continued confidence indicates that, regardless of ETH’s recent price action, the broader market anticipates the crypto will recover some losses. On August 24, ETH’s price reached $2,800 but faced rejection at that level. Will the price move in traders’ favor? Ethereum Bulls Remain Undeterred According to CryptoQuant, Ethereum’s Estimated Leverage Ratio (ELR) has recently risen, indicating that investors are increasingly taking high-leverage bets in the derivatives market. This suggests growing confidence in a significant price movement. Typically, a declining ELR points to cautious sentiment, with…
Disturbing developments have been observed behind the scenes of the popular meme cryptocurrency Dogecoin (DOGE). According to IntoTheBlock’s metrics tracking inflows and outflows to the wallets of large investors, i.e., those holding at least 0.1% of the circulating supply of DOGE, whales have significantly reduced their on-chain activity since the beginning of September. In particular, the inflows have decreased from 229.49 million to 27.96 million DOGE per day, a decrease of 87.81%. As for outflows, the statistics are as follows — outflows from the wallets of major investors fell to 17.42 million DOGE from 181.29 million tokens, that is, by…
Whales have transferred a significant over 15,706 ETH worth $40.13 million in the last 24 hours. Following the breakout of the bearish pattern, there is a high chance ETH could decline by 12% to the $2,200 level. If the ETH price falls to the 2,487 level, nearly $256 million worth of long positions will be liquidated. Ethereum (ETH), the world’s second-biggest cryptocurrency, is experiencing notable selling pressure due to continuous dumping by whales and institutions. Amid this market downturn, whales and Ethereum co-founder Vitalik Buterin have transferred a significant over 15,706 ETH worth $40.13 million in the last 24 hours,…
The Graph has integrated its support for Neo X within its indexing service. Developers can now view Neo X subgraphs on the explorer or use the Studio management dApp to aggregate relevant data for their applications. As an indexing layer for blockchain applications, The Graph uses a decentralized structure to meet developers’ data needs while lowering the barrier to entry. Without third-party indexing services, developers would need to operate their own node infrastructure and write their own indexing code to source blockchain state information, introducing a range of potential complexities, risks, and additional costs. An example subgraph for Neo X…