Month: March 2024

Total ETH Burned Crosses 1.5 Million Ahead Of Ethereum Dencun Upgrade

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The Ethereum Dencun upgrade is fast approaching and there have already been notable developments leading up to it. Besides the price of ETH rising to new two-year highs, there has been a significant increase in the amount of ETH that has been burned so far. Over 50,000 ETH Burned The Ethereum burn, which was brought with the EIP-1559 upgrade, has been ramping up over the past year. The ETH burned from fees on the blockchain quickly crossed the $100 million mark, and has now climbed to a new milestone. According…

BTC whale activity declines amid extremely greedy market conditions

The daily Bitcoin (BTC) whale activity has declined while the market weathers extremely greedy sentiment. According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of BTC declined by 17.5% in the past 24 hours — falling from 24,313 to 20,048 unique transactions per day. BTC price, whale activity, funding rate, open interest and RSI – March 7 | Source: Santiment The decline in whale activity comes as the Bitcoin price recorded a 0.6% drop over the past 24 hours. The flagship cryptocurrency…

Crypto Analyst Identifies 8 Altcoins To Turn $1,000 Into $1 Million

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Popular crypto analyst on X, cyclop (@nobrainflip) with 346,000 followers made a compelling argument for investors looking to maximize their returns through strategic altcoin investing. With Bitcoin (BTC) making a new all-time high, the focus has shifted to altcoins, which are poised for significant growth in the current bull cycle. According to the analyst, the market moves in a predictable cycle, starting with a surge in BTC and ETH, followed by high-cap altcoins, and finally, the lower-cap coins. “We’re entering a phase where the real growth will be seen in…

Artificial Intelligence (AI) Tokens Reclaim the Spotlight

Artificial Intelligence (AI)-related tokens took the lead Thursday, with Fetch.ai (FET) rallying 35% in 24 hours, followed by SinglarityNET (AGIX), which jumped 30%. According to Miles Deutscher, a crypto analyst, AI-related tokens are pumping as the global AI Nvidia conference for developers and engineers approaches on March 18. Deutscher tweeted he expects the AI-run to continue. Render (RNDR), a GPU marketplace that lets users contribute computational power to 3D rendering projects and earn tokens in return, also rallied, gaining 31%. AI-related tokens witnessed a surge late last month after Nvidia…

Hedera, Optimism, and Pullix see uptick in trading amid volatility

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In a shift from typical market reactions, Hedera (HBAR), Optimism (OP), and Pullix (PLX) experience increased trading volumes, highlighting sustained investor interest despite price volatility. Hedera and Optimism showcase significant trading activity, while newly listed DeFi coin Pullix joins the trend with notable momentum, with nearly $3 million in trading volume recorded 48 hours after its listing on Uniswap. Hedera surges in trading activity amid bull market Hedera token…