Tag: Top

Bitcoin & Top Assets See High Loss Taking, Is This Bullish?

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On-chain data shows Bitcoin and the other top assets are observing a high amount of loss-taking currently. Here’s what this could mean. Investors Of Bitcoin & Other Top Coins Are Capitulating Currently According to data from the on-chain analytics firm Santiment, the current trader capitulation that the largest assets in the market are seeing may be a bottom signal. The indicator of interest here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name already implies, tells us how the profit-taking volume for any…

SEI Token Breaks Into Top 100 One Day Post-Debut On Major Exchanges

SEI, the native token of the Sei blockchain, appears to be gaining massive traction a day after its debut on multiple major exchanges. On Tuesday, August 15, Binance, Bybit, Bitget, Kucoin, and Kucoin jointly listed the token on their trading platforms. On the same day, Sei Labs, the company behind the network, announced the launch of the beta mainnet phase after a successful alpha phase. According to the developers, more than 7.5 million unique wallets and 400 million transactions were registered during the testnet phase. The Sei Mainnet beta, Pacific-1,…

Toncoin Throws Weight To Lead Weekend Top 20 With 15% Rally

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The dynamic and ever-evolving blockchain community has shown a great deal of interest in and enthusiasm for Toncoin (TON). Due to its technological underpinnings and innovative answers to the long-standing problems that have plagued the field of decentralized finance, this digital money has risen to popularity very quickly. At the time of writing, TON was trading at $1.46, registering an impressive 10.4% increase in the last 24 hours. Equally impressive is the crypto’s price rally in the last week, when it registered a 22% climb, data from crypto market tracker…

Tron, VeChain and Pomerdoge top crypto charts, bulls confident

Monitoring how crypto assets perform is crucial for making informed decisions. Tron (TRX), VeChain (VET), and Pomerdoge (POMD) are actively being monitored, considering their recent gains.  TRX falls on Huobi rumors, Justin Sun responds Huobi’s alleged insolvency and the arrest of its executive in China led to substantial withdrawals of around $64 million last weekend. Tron (TRX) fell 12% in the past week due to CEO Justin Sun’s affiliation with the exchange.  However, Sun later dismissed concerns, terming them futile attempts to create fear, uncertainty, and doubt (FUD) while urging…

THORChain (RUNE) 21% Charge Emerges As Top Weekly Gainer

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The dynamic world of cryptocurrencies has once again witnessed a fascinating turn of events, this time with THORChain (RUNE) taking center stage. Over the past seven days, THORChain has experienced a substantial surge in its price, marking an impressive increase of 20.19%. This resurgence has sparked intrigue and excitement among crypto enthusiasts and investors, prompting a closer examination of the factors contributing to this rapid upward movement. THORChain (RUNE) Has experienced a significant spike in the past week: Source @Tradingview The Catalysts Behind The Surge RUNE has made a resurgence…

Top Crypto Exchange Binance Sinks $5,000,000 Into Curve (CRV) Following Massive Hack on the DeFi Platform

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The venture capital arm of crypto exchange Binance just announced that it is putting money into the native token of the decentralized finance (DeFi) platform Curve. In a statement, Binance Labs says that its $5 million investment in the Curve DAO Token (CRV) signifies its commitment to join forces with the largest stableswap and second-largest decentralized exchange (DEX). The announcement comes as the price of CRV dipped following a massive hack on the platform in late July. Says Binance Labs head Yi He, “Given the recent events that have impacted…

Rollbit Continues Supremacy Over Top 100 Cryptos

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Within the select group of the top 100 cryptocurrencies at the moment, Rollbit Coin (RLB) stands out as the best-performing project. The token has impressively increased by an astonishing 113% in the last week alone, and its daily performance charts also show an equally impressive gain of 30%. Recent statistics highlight Rollbit’s impressive financial accomplishments, with its income topping $2 million in the previous day. A wide range of services, such as cryptocurrency futures, sports betting, and casino games, are responsible for this remarkable financial achievement. A significant amount of funds—net…

Top 10 Ethereum addresses control 34.2% of total supply

According to Santiment, a market intelligence platform, Ethereum’s top 10 addresses have been accumulating over the last five years and currently control 34.6% of the total supply, equivalent to 120.15 million ETH, up from 11.2%.  This augmented ownership signifies the addition of approximately 27.86 million ETH worth around $51.6 billion at spot rates.  Meanwhile, Etherscan, an Ethereum block explorer, reveals key account balances in ETH, showing that the Beacon Deposit Contract holds 27,984,650 ETH (23.3%). Other addresses with significant holdings include those denominated in Wrapped Ethereum (wETH) with 3,361,754 ETH…

Here’s Why This Analyst Foresees Hedera (HBAR) Breaking Into The Crypto Top 10

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Hedera popularly known as HBAR, has lately been drawing attention in the world of cryptocurrencies. An influencer from the crypto-sphere recently asserted that this digital currency is poised to cement its position among the top 10 in the industry. HBAR’s Position In The Upcoming Bull Market Classy Crypto, a crypto-focused YouTube channel, hosted a discussion where the anchoring influencer laid out his reasoning, foreseeing HBAR’s substantial ascent in the near future. According to the host of Classy Crypto, HBAR is not just positioned to rise but is also primed to…

Solana Leads Gains Among Top Coins, Is $30 Milestone Possible?

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The price of Solana (SOL) has fluctuated a lot in the past week, like many other cryptocurrencies in the market. SOL is currently trading above $24, gaining 8.01% in its price in the past 7 days with over $376 million in trading volume in the past 24 hours.   The coin’s movement has now sparked speculation among investors about the imminent breach of the $30 resistance threshold.  Factors That Could Influence SOL’s Price Solana has seen significant growth in terms of its total value locked (TVL). According to Data from…