Tag: High

Here’s How High The Bitcoin Price Will Go If It Repeats The 2017 Cycle

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The Bitcoin bull cycles have always been similar in the fact that each one has always ended with the Bitcoin price multiples higher than the previous high. While the digital asset has hit new all-time highs this cycle, it is far from being multiples of the previous all-time high, and has yet to hit the 2x mark. However, with a lot of similarities popping up between this cycle and what was seen in 2017, there is still the possibility that the Bitcoin price will run higher from here. Bitcoin Price…

Hyperliquid (HYPE) Hits New High As Nasdaq Firm Shifts Millions Into the Token

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Lion Group Holding Ltd. (NASDAQ: LGHL), a Singapore-based trading platform operator, has announced a bold shift in its crypto treasury strategy. The company is phasing out its holdings of 6,629 Solana (SOL) and roughly 1 million Sui (SUI) in favor of Hyperliquid (HYPE). Related Reading Rather than executing a single large trade, LGHL is adopting a phased accumulation plan designed to manage volatility and secure a better average entry price. The decision comes shortly after LGHL revealed plans to anchor its $600 million treasury in Hyperliquid, positioning HYPE as its…

Lion Group Shifts to HYPE as Token Hits New All-Time High

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Nasdaq-listed trading platform Lion Group Holding has announced plans to shift its entire stash of Sui and Solana into HYPE, the native token of the Hyperliquid blockchain. The Singapore-based trading platform said in a statement on Monday that it plans to exchange its Solana (SOL) and SUI (SUI) gradually over time to lower the average acquisition cost by “taking advantage of market volatility and accumulating HYPE at optimal prices.”  Lion Group CEO Wilson Wang said the company’s shift to hold all Hyperliquid (HYPE) “through a disciplined accumulation process,” would “enhance…

Despite All-Time High ETH Prices, Network Revenue Drops 44% in August

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Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240% since April and ETH hitting an all-time high of $4,957 on August 24. Network fees also dropped by about 20% month-over-month, falling from about $49.6 million in July to about $39.7 million in August. Ethereum…

Cardano Whales Are Dumping, Traders Not Happy: Will ADA Price Hit New High?

Key Notes Whales sold 50 million ADA in 48 hours, pressuring prices near $0.80. Retail sentiment has collapsed, with positivity dropping from 12:1 to 1.5:1. Analysts see $0.82 as a critical “make-or-break” support level. Cardano ADA $0.83 24h volatility: 1.5% Market cap: $30.29 B Vol. 24h: $1.13 B selling pressure is increasing as large investors continue to offload their holdings and sentiment among retail traders weakens. At the time of writing, ADA changes hands at $0.8244, while daily trading volume has slipped by 4.39%. Prominent analyst Ali Martinez reported that…

20 Million New SUI Tokens Push Treasury To New High – Details

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SUI Group Holdings moved again in the market, adding 20 million SUI to its holdings and lifting its total to about 102 million tokens, a stash worth roughly $344 million at current prices. The Minnesota-based company, which trades on Nasdaq under the ticker SUIG, bought the tokens through an arrangement tied to the Sui Foundation, a press release dated September 3 shows. The deal, reports have disclosed, gives SUI Group access to discounted, locked tokens that are not available on the open market. Crypto Holdings And Staking Most of the…

Average Monthly Returns Says XRP Price Could Fly High In September

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Historical data provides a bullish outlook for the XRP price this month, with the altcoin likely to record significant gains based on past performance. Specifically, the average monthly returns show that XRP could even record double-digit gains.  Average Monthly Returns Point To Notable Gains For The XRP Price Cryptorank data shows that the XRP price has historically recorded an average monthly return of 13.8% in September. This suggests that the altcoin could again record positive returns this time around, especially as it looks to reclaim the psychological $3 level. Meanwhile,…

Solana Open Interest Hits $13B All-time High: Will SOL Price Follow?

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Key takeaways: Bullish technicals suggest that SOL price can reach $1,000 if the resistance between $210-$250 is broken. Solana’s open interest has rallied to a record high of $13 billion, signaling high speculative interest.  After dropping to $155 on Aug. 3, Solana’s (SOL) price has recovered over 36% to an intraday high of $210 on Wednesday. Aligning with this rebound, Solana’s technicals now suggest that $1,000 SOL price is still in the cards.  SOL price technicals target $1,000 Solana’s price action has painted a bullish megaphone pattern on the weekly…

Crypto Exchange Volume Hits YTD High of $1.8 Trillion, Here Are Key Drivers

Key Notes For August, crypto exchanges’ spot trading volume climbed to $1.8 trillion. This coincides with an increase in Ethereum institutional interest and adoption. In recent months, Ethereum led market enthusiasm and even outperformed Bitcoin. For the first time since January this year, crypto exchange volume topped $1.8 trillion in August. Also, there was a notable rise in Decentralized Exchange (DEX) volume in August. Binance Leads Crypto Exchange Volume Rally According to The Block’s data dashboard, crypto exchanges saw their spot trading volume rise 5% in August from July’s $1.77 trillion. …

Ethereum Staking Queue Hits Two-Year High, Exit Queue Drops

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The amount of Ether in the queue to be staked has surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings. On Tuesday, the Ethereum staking entry queue reached its highest level since September 2023, with onchain data showing 860,369 ETH, worth around $3.7 billion, waiting to be staked. “Honestly, this is pretty striking, because we haven’t seen queues of this size since 2023 when the Shanghai upgrade enabled withdrawals,” staking protocol Everstake said. The firm added that the…