Tag: High

Dogecoin Climbs Above $0.075 To 3-Month High, But Metrics Show It’s Far From Done

Dogecoin has emerged as one of the clear winners in the last week after its price climbed over 10% to secure the $0.075 level. This incredible rally has brought the meme coin to its highest level in the last three months. However, it may only be getting started as multiple DOGE metrics continue to exhibit bullishness. Dogecoin Whales Still In The Game One of the most important metrics that show how investors are looking at a coin like Dogecoin is what the large investors are doing. Initially, when the crypto…

Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

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Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space. Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7. Ordinals taking up Bitcoin mempool again The return of Bitcoin Ordinals is making its presence felt this week as on-chain transactions attract highly elevated fees. In an environment reminiscent of Q2 this year, blockspace is being taken up by ordinal inscriptions. Ordinals are nonfungible tokens (NFTs) that store data directly…

Cardano (ADA) Price Hits 4-Month High as Network TVL Spikes Nearly 40%

Cardano is recording increased price and network activity and has sparked bullish predictions about the coin’s future. The price of Cardano (ADA) hit a new four-month high on Sunday, climbing to $0.348808. The surge is reportedly due to heavy activity from whale investors and decentralized finance (DeFi) in general. According to CoinMarketCap data, Cardano is now trading higher at $0.353 after rising more than 4% in the last 24 hours and nearly 18% over 7 days. The network is seeing a significant increase in activity, according to data from on-chain…

XRP Enjoys 11% Rally As Sharks & Whales Hit 2023 High Holdings

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On-chain data shows the XRP sharks and whales have been accumulating as the recent rally in the token’s price has occurred. XRP Sharks & Whales Are Backing The Current Rally In The Asset According to data from the on-chain analytics firm Santiment, the large XRP holders have participated in buying recently. The relevant indicator here is the “Supply Distribution,” which measures the percentage of the total supply that each investor cohort in the market is holding in their wallets as a whole right now. In the context of the current…

Crypto Capital Inflows Reach One-Year High

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Many had speculated that the rally in the crypto market was going to wane following the Spot Bitcoin ETF rumors fading out. That hasn’t been the case, though, and a recent revelation from a prominent crypto analyst suggests that the two largest cryptocurrencies by market cap, Bitcoin and Ethereum, could continue to see an upward trend.  New Liquidity Coming Into The Market Could Boost Bitcoin, Ethereum In a post shared on his X (formerly Twitter) platform, Crypto analyst Ali Martinez revealed that the crypto market has seen close to $10.97…

NEO reaches 36-week high while short-positions rise

NEO gained bullish momentum after over eight months as Bitcoin (BTC) surpassed the $30,000 mark on Oct. 19.  The asset reached $15.3 on Nov. 5, marking a 36-week high — NEO reached $15.5 in mid-February. The native crypto of the Chinese blockchain Neo, which once competed with the second-largest blockchain, Ethereum (ETH), has gained bullish momentum after eight months of constant declines. According to data from the market intelligence platform Santiment, NEO’s social volume skyrocketed over the past week — marking an 800% surge in the past seven days.  NEO…

Cardano price rallies 18% in 7 days, attains four-month high

The value of Cardano has been on an upward trajectory in November, with whale investors significantly contributing to this rally, as indicated by on-chain data.  On Nov. 5, the price of Cardano (ADA) escalated by 7.5% to $0.348808, marking the highest level in roughly four months.  According to data from CoinGecko, ADA’s price surged 18% over the past week. The surge was possibly driven by the Cardano Summit 2023, which took place from Nov. 2-4. Similarly, in the last fortnight, ADA prices shot up by 33.3%, a feat accompanied by…

CME Bitcoin futures hit record high, but uncertainty looms above $36K

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Bitcoin futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on Nov. 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.  Bullish momentum on CME Bitcoin futures, but cautious BTC options markets The number of active large holders surged to a record 122 during the week of Oct. 31, signaling a growing institutional interest in Bitcoin (BTC). Notably, the Bitcoin CME futures premium reached its highest level…

Solana (SOL) Price Is Down 15% Since Hitting a 14-Month High. Is the Rally Over?

Lookonchain pointed out that the last two Novembers have not been good ones for SOL. While the reasons seem obvious – early November 2021 was the epic top of the entire cryptocurrency market and November 2022 included the FTX meltdown – Lookonchain noted that the Solana Breakpoint conference, an annual gathering for the ecosystem, is an early November event (this year’s version is currently taking place in Amsterdam) and has coincided with local tops in price. Source