The volume of Ethereum being traded across exchanges has dropped 30% in the last 24 hours, however, this is feeding the ETH scarcity narrative. This is bullish for ETH both in the short and long term. Following a drop in ETH percent supply and balance across spot exchanges in the past few weeks, the altcoinContinue reading “What are the chances of Ethereum posting seven consecutive profitable quarters?”

Despite a drop in Uniswap’s trade volume in the past week, the price has resisted selling pressure. UNI was trading at $24.55, up from the price drop to $15.49 level. The price is still 45% away from its ATH and while trading at less than half of the ATH. The fully diluted market capitalization isContinue reading “Here’s what’s different for Uniswap, this time around”

The fast-growing Cardano ecosystem is rewarding for users since it is possible to use rewards and incentives earned on Cardano to buy other assets within the ecosystem. From AMM, liquidity, IDO to lending and borrowing, there are several assets for traders to hold their assets in. 1.Hodler pattern While most altcoins attempted to make aContinue reading “3 things you need to know about the Cardano vs Ethereum race”

Below the $1 level, but headed that way… XRP was trading at the $0.88 level. The liquidity has increased consistently in the past two weeks. Following the altcoin dip, from a week ago, XRP’s market capitalization has increased. The altcoin has a market cap of $88.5 Billion, though the price continued to remain over 75%Continue reading “XRP’s recovery: Here are 2 metrics to keep an eye on this week”

Rallying to the $10.90 level, SUSHI’s price was up nearly 6%. The trade volume has dropped to the 16%, however, the price has resisted selling pressure. The concentration by large HODLers was at 89%. SUSHI’s rally is leading DeFi’s bullish narrative for summer 2021. Following the drop during the dip, SushiSwap facilitated its highest 7-dayContinue reading “Despite a 50% drop in TVL, here’s SushiSwap differentiating factor”

Trading below the $2500 level, Ethereum’s rally is faster, post the recovery. What’s interesting is that the Ethereum options volume has surpassed that of Bitcoin few times in a row. Based on data from Skew, options volume dropped consistently since May 24, and is consistently below $500 Million. With several flippening metrics like transaction fees,Continue reading “This Ethereum metric exceeds Bitcoin’s again! Here’s the impact”

While several altcoins were making a comeback, many of them corrected somewhat after they rallied over the past 24 hours. The same was underlined by other metrics, including HODLer composition, profitability, trader sentiment, and social volume. Interestingly, the social volume for top altcoins like DOGE, CAKE, ETH, SHIB, MATIC, and ADA has increased consistently lately.Continue reading “This metric could lead the way for Chainlink, Binance Coin, CAKE”

With Bitcoin’s dominance back above 42% at press time, the question being posed to most crypto-traders is why did crypto-bears ignore the $1 trillion drawdown over the past weekend? Now, closing in on the upcoming weekend, the question gets even more real. Both Bitcoin and top altcoins’ market capitalizations, at press time, were on theirContinue reading “BNB, LINK, and ADA: What could change the HODLing pattern for these alts?”

Cardano’s Alonzo hard fork, the planned upgrade rollout is an event that traders are anticipating. The altcoin was trading at $1.76 level currently, with a drop of nearly 8% in the trade volume. Cardano’s plan to introduce smart contract capabilities is underway and will likely have a positive impact on traders’ sentiment. Meanwhile, price isContinue reading “3 reasons why this event will push Cardano in this direction”

The altcoin recovery is well on its way, and top altcoins like MATIC, SOL, LINK made a comeback. MATIC’s price was up 36%, SOL was up 22% and LINK’s price was up 23.9%, respectively in the past 24 hours. Since these altcoins have recovered faster than most others, there is an increase in social volumeContinue reading “MATIC, SOLANA, CHAINLINK: This makes it likely that these 3 alts will make this price movement”

Polkadot’s price made a recovery following the comeback from the $16 level to the $24.28 level based on price data from coinmarketcap.com. There is a drop of 20% in the trade volume, and this could mean that there is a drop in the demand across exchanges or that there is less DOT in circulation orContinue reading “Here’s what will determine this week for Polkadot, Chainlink and KSM”

Ethereum’s rally to $3000 has more volatility than observed last week. In the past 24 hours, the price was up over 9%. Despite this according to analysts, Ethereum continues to remain undervalued. With a high correlation with Bitcoin, Ethereum’s rally is expected to be a long and sustainable one this week. Bitcoin hit $40000 afterContinue reading “This fact makes Ethereum’s current rally different this way”