Month: March 2024

Over 533,330 Addresses Bought Above $70,180

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On-chain data suggests more than 533,330 addresses FOMO’d into Bitcoin above $70,180. Following the latest plunge, these investors would all be in losses. Over 500K Bitcoin Addresses Have A Cost Basis Between $70,180 & $71,340 As pointed out by analyst Ali in a post on X, many investors have bought at the recently high price levels. Below is the chart shared by the analyst that shows how the distribution of the BTC supply looks right now across the various price ranges. How the BTC cost basis distribution looks like for…

What On-Chain Analysis Tells Us

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Shiba Inu (SHIB), a popular memecoin, has experienced a notable decline. It dropped nearly 20% over the past week and continued a 13% fall in just the past 24 hours. This downturn occurs amid a broader bearish trend across the crypto landscape. However, detailed on-chain analysis has uncovered specific factors contributing to SHIB’s sharp decline. Whale Movements And Market Influence Insights from IntoTheBlock have shed light on large transaction activities, often indicative of “whale” movements, which have seen a general decrease since March 5, further compounding the downward pressure on…

El Salvador Moves ‘Big Chunk’ of Its BTC to Cold Wallet — President Bukele Says ‘Call It Our First Bitcoin Piggy Bank’

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El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador Establishes Its First ‘Bitcoin Piggy Bank’ El Salvador’s President Nayib Bukele announced […] Original

Ripple, Cardano, and InQubeta highlight

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market gears up, XRP, ADA, and QUBE stand out for their growth potential and innovative contributions, particularly in AI and blockchain technology. The crypto scene is filled with exciting developments. Building up to the bull market is GoDaddy’s integration with ENS, the launch of new cryptos like Starknet and Pixels, and Bitcoin (BTC) hitting $73,000—a new ATH. Massive gains are up for grabs this cycle and…

Key Trend Driving Altcoin Market Toward $425 Billion: Analyst

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Amid the bullish sentiment around the crypto landscape, the Altcoin overall market cap has displayed positive strength as many investors and traders are throwing capital into several altcoins ahead of the bull cycle.  Altcoin Market To Rally Toward $425 Billion Since Bitcoin has surged to a new record high, many cryptocurrency analysts anticipate a surge in the altcoin market cap. Rekt Capital, a cryptocurrency expert and trader, has shared a positive prediction regarding the altcoins market cap with the community on X. The expert analysis delves into the current state…

Binance Says Nigeria Is Not Yet One of Its Top Markets

Nigeria is not yet among Binance’s top markets despite being a leading global crypto market. However, the crypto exchange said it recognizes the West African country’s “extraordinary potential,” which is one reason why it is eager to invest there. ‘Extraordinary Potential’ The cryptocurrency exchange Binance has clarified that Nigeria, despite being one of the world’s […] Source CryptoX Portal

Crypto Analyst Predicts Further Upside For Shiba Inu, Here’s The Target

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Shiba Inu is currently on a consolidation path after a strong upswing earlier in the month. Specifically, SHIB is currently down by 13% in the past seven days, although still up by 210% in a wider 30-day time frame. According to crypto analyst Javon Marks, Shiba Inu is on its way to another major breakout after the current consolidation. The analyst sees the meme coin surging to $0.000081, and then a further 90% increase to hit a new all-time high. Continued Uptrend For Shiba Inu Shiba Inu has seen massive…

Floki surges with major token burn, NuggetRush eyes gaming, BNB’s bullish forecast

Floki’s price jumps after burning 14.5 billion tokens; NuggetRush targets the billion-dollar gaming market; Binance Coin may hit new highs. Floki has burned over 14.5 billion FLOKI tokens, sparking a surge in its price. Meanwhile, Binance Coin is poised to exceed its all-time high of $690.93. Additionally, NuggetRush is positioning itself to capitalize on the booming blockchain gaming sector. NuggetRush excites the million-dollar blockchain gaming sector NuggetRush (NUGX) is set to transform the blockchain gaming landscape by tapping into the gaming market, which is projected to reach $615 billion by…

World’s Leading Crypto Exchange Binance Distances Itself From Its Investment Arm, Binance Labs: Report

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The world’s largest crypto exchange by volume is reportedly severing ties with its multi-billion-dollar investment branch. According to a new report by Bloomberg, since taking the helm from disgraced Binance co-founder Changpeng Zhao, Binance CEO Richard Teng has pushed Binance Labs – the crypto exchange’s investment arm – into a separate company. Disclaimer text found on Binance Lab’s official website states that the $10 billion investment firm is not a part of Binance. “Binance Labs is an independent venture and not part of the Binance Group nor is it involved…

Analysts Foresee FLOKI Expansion Despite Market Drop

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FLOKI and the dog-themed cryptocurrencies have been the talk of the town recently. BONK and dogwifhat (WIF) reached new all-time highs (ATH) this month, while the Viking dog-based token climbed to levels not seen since the previous bull run. During this rally, memecoins have soared alongside the rest of the cryptocurrencies. However, in the past 24 hours, the market went from flying to crashing as the prices of most cryptocurrencies followed the recent Bitcoin dip. Is FLOKI Ready To Continue Its Expansion? Last week, FLOKI, the fifth largest memecoin by…