It is a tale as old as time that if you try to gamble through Leverage or Future Contracts with the market, you will inevitably fucked. We have seen it countless times where the market was able to liquidate both shorts and longs with really about the same move. That's always the intention of the…
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Just curious as to how many are out there, I hear of them quite a lot but I don't think I've ever actually seen one around, although maybe I have and don't notice, I'm in the UK for reference And if you have a few near you, have you ever used them? what's it like?…
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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 Messari, Solana did better than other chains, with a 14% increase in the amount of funds locked in last month. Related Reading: Whale Purchases $10 Million stETH In The past Day, Here Are Possible Reasons Why Additionally, data from DeFi Llama shows that Solana is now the 9th biggest chain in terms of locked funds. It has around $320.07 million locked, a big jump from the $205.11 million it had at the start of the year. This surge in Solana’s Total Value Locked (TVL) could attract more people to buy SOL tokens. Importantly, with rising interest, the price of Solana’s tokens might increase due to higher demand. However, if there’s suddenly bad news about Solana’s security or performance, even with a growing TVL, people might get worried and start selling their SOL tokens. This increased supply and decreased demand could cause the price to drop. Can SOL Hit The $30 Milestone? The daily chart shows that the asset has traded positively in the past 24-hour market circle. The coin is trading above the Simple Moving Average (SMA) indicator and is bullish, signaling a potentially strong uptrend and a positive momentum in its price movement. Additionally, it suggests that buyers are consistently active, pushing the price higher. This often indicates sustained demand and can potentially lead to further price appreciation. Meanwhile, the SMA can act as a support level if the price dips, preventing the price from falling too much. However, while the SMA can act as support, it can also become a resistance level if the price moves significantly above it. This is because the Relative Strength Index (RSI) at 55 suggests the coin is balanced between overbought and oversold conditions. The Moving Average Convergence Divergence (MACD) is also showing an attempt to cross over the signal line, indicated by the red histogram bar fading. This could signal a potential shift in momentum, with the upward movement gaining strength. Related Reading: US Congresswoman Raises Concerns About Paypal Stablecoin In The Absence Of Regulation Considering the analysis, SOL could potentially hit the $30 threshold in a few weeks if the bulls sustain the current market sentiment. So traders can anticipate a bullish move but should consider other indicators and market context for a more accurate assessment of the coin’s direction. Featured image from Pixabay and chart from TradingView.com
Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token.
I was curious about what was the first ever BTC exchange, and it surprised me that it wasn't the NewLibertyStandard as I thought it was, and decided to share with you folks. BitcoinMarket was the first Bitcoin exchange ever. Whereas people could buy BTC on NewLibertyStandard since 2009, this was a much simpler service. On…
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Gemini’s complaint filed in July alleged DCG and Barry Silbert had made “false, misleading, and incomplete representations and omissions” related to Genesis and the Earn program.
PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal.
The number of Ethereum non-zero addresses, meaning addresses that hold at least some amount of Ether, just reached an all-time high. According to data from Glassnode, this metric which counts only externally owned addresses just reached an all-time high of 104,127,318. But what does this mean for the price of Ethereum? Ethereum Non-Zero Addresses Reach New All-Time High More addresses mean more people are using the network and Ethereum is in the driver’s seat when it comes to most application aspects of the crypto industry. As a result, the Ethereum blockchain has seen the highest growth rate in new addresses in recent years. Related Reading: US Congresswoman Raises Concerns About Paypal Stablecoin In The Absence Of Regulation This growth has been particularly high as more people flock to decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), the majority of which are built on the Ethereum blockchain. As of the time of writing, there are now 104,127,318 Ethereum addresses holding at least one wei, the smallest unit of ETH. Just around two years ago in 2021, this metric was around 50 million addresses, showing a 100% jump during this time. Although only a fraction of these wallets are active, the high number of non-zero addresses shows the sheer increase in ETH adoption. In the same vein, the number of non-zero Bitcoin addresses only recently reached an all-time high of 47.8 million addresses. More Addresses Means Increased Network Activity and Adoption The growing interest in trading, smart contracts, DeFi, and NFTs will continue to boost the number of Ethereum users and non-zero addresses, especially now that the industry sits on the cusp of a possible bull run. ETH bulls continue to hold above $1,800 | Source: ETHUSD on Tradingview.com According to a similar metric by Glassnode Alerts, the amount of Ethereum supply last active within a seven to 10-year timeframe also just reached n new all-time high of 4.312 million ETH. This extended state of inactivity is suggestive of HODLing and long-term faith on the part of investors. Bullish For The Price Of ETH In the past, major rallies in Ether’s price have coincided with a surge in new addresses on the network. During the 2021 bull run, Ethereum saw a flurry of new addresses and non-zero addresses, as its price reached an all-time high of $4,810. As mainstream interest and adoption of Ethereum grow, the value and price of Ether (ETH) are likely to increase. Non-zero addresses mean activity on many addresses is increasing, which can create buy pressure in addition to other factors that should push ETH’s price higher. Related Reading: Solana Beats Out Ethereum To Emerge As Best Performer In Terms Of TVL Additionally, investment companies are looking to launch exchange-traded funds (ETFs) tied to Ethereum futures, which could propel a spike in ETH’s price. Right now, ETH is currently trading at $1,852 and is looking to break above the resistance being mounted at $2,000 by the bears. Featured image from iStock, chart from Tradingview.com
The exchange follows the likes of Binance, KuCoin and OKX in running self-custody wallets parallel to CeFi operations.
A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm.
