Tag: Rally

Is Another Bitcoin Rally Coming Soon? This Pattern May Say So

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On-chain data shows a pattern in the stablecoin shark and whale holdings that may suggest the Bitcoin rally could make a return in the near future. Stablecoin Sharks & Whales Have Been Accumulating Recently According to data from the on-chain analytics firm Santiment, the sharks and whales of the major stablecoins have been increasing their reserves while Bitcoin has been struggling recently. The “sharks” and “whales” are two of the largest cohorts in the sector, with investors belonging to the former holding at least $100,000 and at most $1 million…

TOADS, ETH prices set for rally, outpaces Bitcoin with burning strategy

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto market consists of various tokens, including those with finite, deflationary, and infinite supplies. Deflationary tokens are often deemed valuable due to the consistent reduction of supply. The token burning strategy has made DigiToads and Ethereum more popular, an effect that has supported prices. Considering their approach, their respective circulating supplies are decreasing at a faster rate than Bitcoin. In this article, we will delve into the burning strategy adopted by DigiToads and Ethereum.  DigiToads:…

Bitcoin Rally May Not Resume Until This Happens

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Bitcoin has continued to stagnate recently as another recovery move has failed to prosper. So here’s an indicator that may hint when a break could happen. Bitcoin Rally May Not Resume Until The Stablecoin Market Cap Goes Up Around the start of this week, Bitcoin observed a sharp plunge that had taken the asset’s price from the $30,000 level down to the $29,000 mark. A couple of days back, however, the coin had started surging again and had reclaimed the $26,600 level. This uplift in the price had come as…

Dogecoin Falls While Others Rally, Is It Decoupling From The Market?

Over the last day, the majority of the crypto market has been rallying alongside Bitcoin. But Dogecoin seems to have a mind of its own as it has gone in the opposite direction. The meme coin started out Thursday with a decline, which follows the trend of DOGE deviating from the general crypto market trend over the past week. Dogecoin Fails To Register Similar Gains To Larger Altcoins Dogecoin has struggled to keep up with the gains of top altcoins such as Ethereum and XRP. In this time, the meme…

Solana Hints At Potential Fresh Rally To $30

Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price might continue to rise steadily toward the $30 zone in the near term. SOL price is showing positive signs above the $24 level against the US Dollar. The price is now trading near $25 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to move…

Compound (COMP) Bulls Strengthen Market Control With 13% Rally

COMP, THE native token of Compound Finance, has seen its market price rise significantly on Wednesday, emerging as the top gainer of the day. According to data from CoinMarketCap, COMP is up by 13.24% in the last 24 hours as the bulls increase their control of the market. Initially, COMP began the week with a bearish trend, declining by 16% to trade at $59.14 on Tuesday. However, after touching this price level, the token began showing signs of recovery moving its market price to $62.34 at the close of Tuesday’s…

TRX Trades Near Key Juncture, Can It Rally Again?

Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080. Tron is holding major support near $0.080 against the US dollar. The price is trading above $0.0805 and the 100 simple moving average (4 hours). There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could start a decent increase if there is a move above the $0.0835 resistance. Tron Price…

Litecoin halving is 13 days away — So where is the LTC price rally?

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Bitcoin (BTC) is still almost a year away from its next block reward halving, but Litecoin (LTC) miners are already bracing for impact. In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25 LTC per block. Whales stock up on LTC — but BTC value stays weak Despite its fair share of controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion. Its miners currently rake in 7,200 LTC in block rewards daily, equal to a U.S. dollar value of around…

Bitcoin BTC Price Lingers Below $30K, While XRP Continues Its Rally

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In the “First Mover” interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes “are okay,” and that investors should already have priced in the company’s Q2 issues. “Folks should start looking at what’s coming up,” including next year’s bitcoin halving, “which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation,” he said, and described the…