XRP’s social dominance increased sharply, but a few XRPL metrics were declining.  XRP’s on-chain metrics looked bullish, suggesting a further price uptick. Santiment’s latest tweet revealed that Ripple’s [XRP] social dominance has skyrocketed, reflecting its popularity in the crypto space. The credit for this surge can be given to XRP’s price action, as it registeredContinue reading “As XRP bounces higher, can it take XRPL along for the ride”

 Synthetix Governance gave the green light to add Arbitrum [ARB] to Synthetix Perps. Metrics looked bullish on SNX and suggested a trend reversal.  Synthetix [SNX] Perps v2 has been registering quite a few achievements of late. The latest one was its cumulative volume, which reached nearly $2 billion. However, since then, Dune’s data revealed thatContinue reading “Synthetix Perps adds Arbitrum [ARB] as SNX sets up a show, more inside”

LUNC staking increased, as did positive sentiments around the network.  AI could be a major reason for this surge, but investors have to wait longer for a bull run.  Terra Classic [LUNC], which was a hot topic of discussion a few months back, has once again made it to the limelight. LUNC staking reached theContinue reading “Terra Classic [LUNC] witnesses major shift in sentiments: Is AI the reason “

Key metrics such as fees and bullish sentiment declined for Polkadot.  However, DOT’s funding rate and ecosystem growth looked optimistic. Polkadot [DOT] has been failing to make investors happy with its price action. DOT was most likely in this situation because of the bearish market, which restricted most assets to register greens. According to CoinMarketCap,Continue reading “Polkadot [DOT] fees and staking decline – will these updates reverse the course”

The Baking Sheet mentioned the release of Tezos’ new Octez v16.1 network upgrade. However, XTZ’s price was under the bears’ control as it was down by 8% about over the last week.   Tezos [XTZ] posted its latest edition of The Baking Sheet, mentioning major developments in the ecosystem. The highlight of the report was theContinue reading “Tezos releases new update for Mumbai Protocol- Will XTZ benefit?”

TRON’s total addresses increased by over 140,000 in the last 24 hours. TRX’s on-chain metrics suggested a further downtrend that can be expected in the near future. TRON [TRX] has managed to outperform the biggest cryptocurrencies in the world, including Bitcoin [BTC] and Ethereum [ETH], in terms of active addresses. While TRX’s active addresses reachedContinue reading “Decoding how TRON [TRX] surpassed BTC, ETH in active address count”

GMX’s daily active users (DAUs) declined slightly, but the DAUs of ARB increased.  On-chain performance suggested lowered investor interest, and indicators looked bearish. Lookonchain’s data revealed a transaction on 25 March, which seemed concerning for GMX. As per the tweet, a whale exchanged all of its GMX for Arbitrum [ARB]. The whale had earlier boughtContinue reading “Arbitrum’s [ARB] inception is posing a threat to investors’ interest in GMX?”

Hedera’s TVL continued to decline, and HBAR’s state was concerning.  The coin’s market indicators also favored the bears and predicted a further downtrend. Hedera [HBAR] has reached a remarkable milestone in terms of network growth. In a 26 March tweet, Hedera revealed that its mainnet has processed 6 billion transactions since its launch. It wasContinue reading “Assessing why HBAR faces sell pressure despite its latest achievement “

y00ts announced it will migrate to Polygon on 27 March 2023. A day remains until the zkEVM release but MATIC continues to suffer.  Polygon [MATIC] recently witnessed a major boom in its NFT ecosystem, suggesting growth. Santiment’s chart showed that Polygon’s total NFT trade count and trade volume in USD increased considerably since 16 MarchContinue reading “Polygon’s NFT space is booming as trade count surges, thanks to…”

V3 launch’s hype was not enough for CAKE to paint its chart green during the bull run. Metrics were bearish, which decreased the chances of a trend reversal in the near term.  PancakeSwap [CAKE] is all set to release its latest version on 14 April, which might play a role in increasing the network’s transactions.Continue reading “PancakeSwap [CAKE] was left alone in bull rally, will the v3 launch help”

Gas spent and the daily wallets with 1+ LINK were on a declining trend, at press time.  Metrics showed signs of recovery, but LINK’s price action was bearish.  Chainlink [LINK] has been witnessing a constant decline in its number of holders lately. Dune’s data revealed that the daily number of wallets with 1+ LINK hasContinue reading “Chainlink receives fresh attention from whales, but here’s a problem”

Cardano posted its weekly development report, highlighting the efforts made by its developers.  ADA’s price registered gains last week, but in the last 24 hours, it went down.  Cardano [ADA] has been putting much effort into scaling the blockchain of late. Cardano’s roadmap mentioned its fourth era, named BASHO. This was an era of optimization thatContinue reading “Cardano’s efforts for scaling seem promising, but is ADA well-guarded”