Day: September 28, 2024

Ethereum Sees 43% Crash In Active Addresses, What’s Going On?

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Este artículo también está disponible en español. The market sentiment towards Ethereum (ETH) has turned relatively bearish, largely due to the cryptocurrency’s recent price volatility. This negative sentiment is evident in Ethereum’s new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence.  New Active Addresses On Ethereum Decline Data from The Block is showing notable fluctuations in Ethereum’s network activity, as the number of new active addresses has seen a sharp unexpected decline over the past three months.  On June 27, new active addresses…

Will Lunex Outshine Solana and Toncoin in This Bull Run?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the Toncoin price recovers and Solana awaits its breakout, Lunex Network emerges as a top contender in this bull run with its innovative hybrid exchange model. It seems the bull run is on again with Bitcoin inching closer to $65,000 and raising all other cryptocurrencies in its wake. The Toncoin price is recovering since its downfall after Telegram CEO Pavel Durov’s arrest, and Solana has gained a respectable…

Shiba Inu Rallies 34%, But Will FOMO End The Rally?

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Data shows metrics related to Shiba Inu have seen rapid growth alongside the meme coin’s 34% surge, a potential sign that FOMO is developing among investors. Shiba Inu Has Seen An Uptick In Activity With Its Latest Rally In a new post on X, the analytics firm Santiment has discussed how the various indicators related to Shiba Inu have looked while its price has shot up 34% over the past week. There are three on-chain metrics of interest here: Volume, Circulation, and Whale Transaction Count. The first of these, Volume,…

Ice Open Network gains ahead of mainnet launch

The Ice Open Network went parabolic this week ahead of its mainnet launch, as more centralized exchanges listed it. ICE token listings The Binance-based Ice Open Network (ICE) surged to a high of $0.0097, its highest level since Feb. 24, and over 202% above its lowest level in August. It then erased some of this week’s gains, dropping to a low of $0.0080 as the bullish momentum faded. According to the developers, the token has been listed on 22 centralized exchanges, including LBank, Tapbit, Deepcoin, and Coinstore. The most recent…

Bitcoin Breaks $65K, $365M In Spot ETF Inflows Fueling The Rally

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Este artículo también está disponible en español. Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in the cryptocurrency market. Related Reading Record Inflows Amid Market Optimism The biggest daily flow for the month came from BlackRock’s Bitcoin ETF, which surged about $184 million on…

Crypto Platform CEO Arrested for Allegedly Paying Deputies in Extortion Scheme

Crypto platform Zort’s CEO has been arrested on multiple charges. Allegations against Iza include paying large sums to Los Angeles County deputies for illegal activities, such as unlawful searches, extortion schemes, and even a failed kidnapping attempt. “Iza boasted about paying ‘active duty’ law enforcement $280,000 per month,” according to the authorities. Crypto Platform CEO […] Source CryptoX Portal

Shiba Inu Breakout Eyes $0.00002631 Level After Rallying Over 19%

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Shiba Inu is experiencing a notable price breakout, surging over 19% and positioning itself toward the critical resistance level of $0.00002631. This significant rally indicates a shift in market momentum, characterized by robust buying pressure and increased trading volume. Technical indicators suggest that SHIB is establishing a bullish trend, with key support levels solidifying its upward trajectory.  As Shiba Inu approaches this pivotal resistance zone, we will navigate its recent 19% breakout and its approach toward the critical resistance level of $0.00002631. By examining the underlying technical indicators, market sentiment,…