Author: NBTC

Over the past week, 7,728 Ethereum (ETH) tokens worth above $20 million at current market prices have been added to circulation. This has pushed the altcoin’s circulating supply to a six-month high of 120.39 million ETH. The surge in circulating supply could exert downward pressure on Ethereum’s price if demand does not keep pace with the influx of new coins. This analysis outlines key price levels that holders should monitor as this happens. Ethereum Experiences Decline in Usage Ethereum’s circulating supply refers to the number of ETH coins available to the public. It does not include coins that are locked,…

Cardano (ADA) is in the spotlight as one of the few top altcoins with residual gains at a time when many digital currencies are shedding their gains. Over the past 24 hours, Cardano has rallied by 5.19% to $0.3705. This is a breakthrough, as its market capitalization has now jumped to $13.32 billion. Return to big leagues This mega bump in Cardano’s market cap has pushed it back into the top 10 most capitalized digital currencies. While this ranking changes regularly, it is a sign of growth for a protocol that made the headlines on different occasions this past week.…

ZeroLend, a fast-growing lending project, has entered into a data partnership with Token Terminal. The collaboration aims to enhance stakeholder reporting through improved on-chain analytics. ZeroLend currently operates across multiple blockchain platforms, including Linea, ZKsync Era, Base, Manta, and Ethereum, and has garnered attention with over $350 million in active loans. ⛓️📊 ZeroLend enters into a Data Partnership with Token Terminal ⛓️📊● @zerolendxyz is one of the fastest growing Lending projects on @LineaBuild, with deployments also on ZKsync Era, Base, Blast, Manta, and Ethereum.● The project has raised ~$3m in venture capital from… pic.twitter.com/Z2kpqSKwS3 — Token Terminal (@tokenterminal) October 21,…

Over the last year, Bitcoin has witnessed an impressive increase of 118.2%. At the beginning of the year, the price was around $42,280. Currently, it stands at $56,318. This year, the market has shown a rise of at least 33.7%. Let’s see what this year’s BTC price action conveys. Bitcoin Price Action: A General Overview Between late January and mid-March, the Bitcoin market experienced the most powerful upward momentum of the year. By the end of this period, the price touched the yearly peak of $73,682. Later, the market started to move sideways, ranging between $71,500 and $52,000. In April,…

Ethereum’s recent rejection at the key resistance region of the 100-day MA level suggests a false breakout and a potential short-term correction. However, a break above this threshold could trigger a bullish surge toward $3K. The price is expected to consolidate, with $2.4K as a critical support level. Technical Analysis By Shayan The Daily Chart Ethereum has recently seen a notable increase in demand and bullish momentum, causing the asset to test and slightly breach the decisive resistance region formed by the 100-day moving average at $2.7K and the inverted head and shoulders neckline at $2.6K. Despite this brief breach,…

The Fed made an aggressive start to the discount cycle by cutting interest rates by 50 basis points last week. After this decision, Bitcoin and altcoins rose, while some altcoins became among the most discussed altcoins on social platforms. At this point, cryptocurrency analysis company Santiment announced the three most trending altcoins on Monday in its post. According to Santiment, the top 3 altcoins that saw the highest increase in discussion rates included Bittensor (TAO), Hamster (HAM), and NEAR. While Bittensor’s rise to become the most discussed altcoin was the subject of discussion about Hamster, the airdrop frauds were also…

Sui has announced a new integration with Google Cloud, facilitated by ZettaBlock. This partnership will allow developers to access real-time blockchain data through Google Cloud’s Pub/Sub service. It aims to enable innovative applications such as AI-powered fraud detection and high-speed gaming transactions. Sui heads to the cloud! ⛅Thanks to a @ZettaBlockHQ integration with Google Cloud, you can soon access real-time Sui data from Google Cloud Platform.😲⚡This integration will give Sui developers a huge boost: backed by live data, AI applications can respond quicker and more… https://t.co/XrzNpEeUHM — Sui (@SuiNetwork) October 22, 2024 For those unfamiliar with blockchain, it’s a decentralized…

Recent data analysis from Santiment reveals that the Bitcoin (BTC) supply distribution by wallet size has experienced notable changes. As of today, Bitcoin reached $58,000, with retail traders showing more optimism. However, for Bitcoin to return to its all-time high levels, key factors regarding wallet sizes need to shift, according to Santiment, a market intelligence platform. Small wallets holding less than 1 BTC are currently at their highest ratio in seven months, while larger holders’ activity has plateaued. This change in supply distribution could play a critical role in Bitcoin’s future price movement. Small Wallets Continue to Grow Santiment’s data…

A massive crypto whale with over $390M in assets has made a move and, in the last 6 hours, is noted to have withdrawn $21.77M worth of Ethereum (8,065 ETH) from Binance. The whale with address ID 0xed0c6079229e2d407672a117c22b62064f4a4312 has recently come to light due to large transactions by Lookonchain, a blockchain analysis platform. A giant whale with $390M assets withdrew 8,065 $ETH($21.77M) from #Binance again in the past 6 hours.Address:0xed0c6079229e2d407672a117c22b62064f4a4312 pic.twitter.com/hcr3SQ6Wbe — Lookonchain (@lookonchain) October 21, 2024 Whale’s Strategic Withdrawals Whale’s last activities indicate that the account is actively making a series of withdrawals from Binance. In the last couple…

With data showing that a cluster of 19 trillion Shiba Inu is held by addresses at a profitability point, Shiba Inu is rapidly approaching a pivotal moment in its market activity. The short-term price movement of SHIB is significantly impacted by this clusterб which represents a sizable portion of the token’s total supply. The data indicates that SHIB is currently trading at about $0.000014 and that 65.5% of active addresses are sitting at the money, that is, they are holding SHIB at or close to its current price. With 19.46 trillion SHIB a total of 1.12K addresses are in this…