Bitcoin has seen wide-ranging fluctuations in 2022 as it dropped massively during this bear market. One aspect that has appreciated in significance lately is the sentiment of long-term holders. The selling pressure on LTHs has reduced as prices rallied throughout July above their average cost basis – $22.6k. However, despite the lowering of financial constraints,Continue reading “Bitcoin LTHs continue to sell in losses, all despite…”

With the Merge set for a launch in September, does Ethereum look ready for the next big step? For its part, ETH has registered an uptrend in price action over the month of July. However, the utility of Ethereum rests on many sectors of Web 3.0. While being the flagship altcoin, Ethereum heads other cryptocurrenciesContinue reading “What these metrics tell investors about Ethereum’s readiness for the Merge”

Binance CEO Changpeng Zhao has claimed that the company “does not own any equity” in Zanmai Labs, the parent company of Indian crypto-exchange WazirX. This, a day after India’s Enforcement Directorate (ED) froze WazirX’s bank balances worth $8 million earlier. According to a statement, ED has been investigating WazirX since last year for its allegedContinue reading “Binance’s CZ clarifies position after ‘incorrect reports’ on WazirX ‘acquisition’”

People have been feeling the heat of falling prices throughout 2022. Even after the recent rebound, exchange balances have been rising while the top non-exchange balance continues to decrease. Stacking up It is no secret that crypto prices have dropped ridiculously over the first half of 2022. Like other cryptocurrencies, ETH is seeing a riseContinue reading “Ethereum: This metric underlines change in investors’ sentiment”

Market participants spent 963,227 ETH (approximately $2.7b) on NFT minting on the Ethereum blockchain during H1 (first half of a calendar year) of 2022. The volume of ETH raised circulating to non-entity wallets has decreased from the previously reported 52.3% (11 months ago) to the current 45.7%. Cumulatively, the top five NFT collections that haveContinue reading “$2.7b ETH spent on NFT minting- Here’s the detail”

TRON has raised the bar in recent weeks with the overturn in the market sentiment. The network performed well in the previous week with certain on-chain data signaling growing traders’ optimism. Reportedly, the total number of accounts on TRON recently reached 104.8 million while the total number of transactions reached 3.61 billion. Sunshine + RainbowsContinue reading “Did TRON conclude July with an impressive performance”

Polygon has released a new update for its network. Polygon contract address released 13.87% of the total supply to the foundation contract address. Officials from Polygon said 640 million MATIC are allocated to the team and staked directly. Furthermore, 546 million MATIC tokens are allocated to the foundation and 200 million are used for stakingContinue reading “1.4 billion MATIC locked in- Here’s what could follow next”

Harmony rose to prominence in the first quarter of 2022 before the infamous $100 million hack in the following quarter. The protocol was at hand to receive major losses in tandem with the broader cryptocurrency market. However, the pains suffered by Harmony totaled in both network and social metrics in light of the major hacking.Continue reading “Harmony [ONE] investors need to know this fact before they sell”

Ethereum has headed the overall recovery of the market in recent times. ETH prices quickly shot upwards of $1,700 to register one-month highs following an important update regarding the Merge. With its value growing in such a short span, trader profitability ramped up on the network. According to data from IntoTheBlock, ETH profitability has reachedContinue reading “Ethereum becomes more lucrative with focus on ‘patience is king’”

Filecoin has ramped up gains in the past few days after the news of a high-profile partnership broke out. In a tweet released on 27 July, Filecoin Foundation confirmed details to support Harvard’s Library Innovation Lab (LIL). The news led to a meteoric rise of the FIL token as social activity gained pace. Consequently, FILContinue reading “Should Filecoin investors give up on ‘buy experience, not things’ attitude”

The crypto industry has reclaimed the $1 trillion mark as markets recovered in the past few days. Notably, the overall change in investors’ sentiment has paved the way for the Tron ecosystem to record an impressive performance. Where magic happens TRON’s total transfer value reached a new record on 1 August after it surpassed theContinue reading “TRON reaches new milestone; can it launch successful comeback”

Traders’ optimism has been high in the market of late. Major cryptocurrencies registered their monthly highs recently. BTC touched $24,000 and ETH crossed the $1,750 mark. Amidst this mix was the Optimism protocol which also experienced rapid growth in July. Optimism has begun showing serious signs of recovery in recent days. The OP token followedContinue reading “Optimism clan can leverage this upgrade to maximize profit”