Based on current data, the Ethereum Open Interest has been sitting at comparatively lower figures in recent times. Let’s explore the potential implications for its price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge An analyst in a CryptoQuant Quicktake article noted that the number of Ethereum derivative contracts open for trading, often … Read more
Evidence indicates that a significant Ethereum (ETH) investor, believed to be Justin Sun, the founder of Tron, has been actively purchasing large amounts of ETH since late March. The total value of these purchases exceeds $405 million. Additionally, there is suspicion that another account associated with Sun has also made substantial ETH transactions this year. … Read more
Over the past two weeks, the value of Cardano‘s ADA token plummeted significantly. But as the market bounces back, there are signs of improvement for ADA. Analysts are optimistic about this trend continuing and one crypto expert, known as CobraVanguard, predicts an upward trend reaching around $1. Cardano Completes The ABC Wave The collapse of … Read more
Last week, Shiba Inu consistently traded above $0.000021 despite a continuous struggle between buyers and sellers. Notably, significant whale activity was observed in the network, as large amounts of SHIB tokens, totaling in trillions, were moved in and out of exchanges according to on-chain reports. Earlier this week, SHIB experienced a price drop due to … Read more
After the Bitcoin (BTC) halving occurred for the fourth time, significant shifts took place in the crypto market’s essential indicators. Based on recent advancements, Charles Edwards, an accomplished market analyst and Capriole Invest’s founder, has made daring forecasts suggesting a significant transformation in the Bitcoin market. Bitcoin Trading At ‘Deep Discount’ Edwards emphasizes that the … Read more
A analyst has shared that based on past trends, the developing pattern in Dogecoin‘s price could potentially lead to a surge up to $1. Dogecoin 1-Week Price Appears To Be Forming A Classic Pattern On X’s latest update, researcher Ali shares his insights on DOGE‘s recent behavior in the weekly market. He points out that … Read more
Manchester City, a renowned English football team, is offering soccer fans and supporters exclusive jersey designs as NFTs (Non-Fungible Tokens) in a restricted collection. The new NFT series draws from the achievements of past projects like “Space Ballers,” where astronauts from the city underwent training in an alien base en route to the moon’s blue … Read more
The company behind the development of Celo blockchain, cLabs, has suggested creating an Ethereum (ETH) Layer 2 (L2) chain using the Optimistic Rollup (OP) technology stack. This project signifies a major move towards improving the scalability and efficiency within the Ethereum network. cLabs Proposes L2 to Address Ethereum Community Needs The plan intends to utilize … Read more
In simple terms, there has been a significant surge in the cryptocurrency markets of the Middle East. The number of daily traders has increased by 166% compared to the previous year, based on a recent report from Bitget Research, the research division of prominent crypto exchange Bitget. Several reasons contribute to this increase in interest, … Read more
Recently, the cryptocurrency market has experienced heightened volatility, and Ethereum (ETH), the second largest crypto token by market value, has not escaped this trend. Consequently, predicting Ethereum’s future price movement has become more challenging due to these market swings. Nevertheless, some key indicators suggest potential directions for ETH’s price once the volatility settles down. Ethereum … Read more