Blockchain data indicates the reappearance of the elusive mega whale from 2010, who expended 2,000 BTC valued at 8 million on May 22, 2024. The large transfer marks the fourth occurrence of this whale this year, with a cumulative expenditure of 7,000 BTC worth over 6 million. Blockchain Parser Data Reveals 2010 Whale’s Bitcoin Transfers […]
Bitcoin News
Mega Whale Moves 2,000 Dormant Bitcoins From 2010 in Third Series of Transfers This Month
On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating […]
Bitcoin News
Unlocking Crypto History: 2,000 ETH From Ethereum’s Genesis Days Suddenly Moved
In recent weeks, Bitcoin.com News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial […]
Bitcoin News
Cardano (ADA) Eyes Explosive 2000% Bull Run, Targeting $12 And Quadrupling ATH
Cardano (ADA), currently positioned as the 9th largest cryptocurrency by market capitalization, has encountered a downward trend following the prevailing bearish sentiment in the crypto market. Bitcoin (BTC), the market leader, has led the way in price corrections for top cryptocurrencies.
Despite ADA’s recent retracement of nearly 20% in the past week after reaching a 22-month high of .810 on March 14, there are indications that a potential trend reversal is on the horizon. This shift in momentum could potentially drive ADA towards reclaiming the mark, which it hasn’t reached since April 2022.
Bullish Momentum Building For ADA
Crypto analyst “Trend Rider,” who shares his insights on the social media platform X (formerly Twitter), has highlighted ADA’s market shift from bearish to bullish trends. Looking at the two-week chart, key moving averages are realigning, signaling a transition to a bullish framework as indicators move from red to green.
According to the analyst, this pattern is similar to a previous occurrence observed just before ADA embarked on a significant bull run.
If history repeats itself and mirrors the April 2021 bull run, where ADA rose from .133 to its current all-time high (ATH) of .168 in less than a year, posting gains of over 2000%, a similar uptrend could easily take ADA past the mark.
If another 2000% price surge materializes, it could push Cardano’s native token to reach the .6 level, marking a significant quadrupling of its all-time high milestone.
While the market correction continues, Trend Rider has identified crucial support lines that must be held back to maintain the bullish structure. According to the analyst, the trend support for ADA is anticipated to range between .45 and .52.
Key Cardano Metrics Soar
Cardano has shown significant progress in key metrics, as indicated by data from Token Terminal. The figures reflect a significant increase in market capitalization, trading volume, and fees, highlighting the adoption of the Cardano blockchain ecosystem.
According to Token Terminal data, Cardano’s fully diluted market capitalization is approximately .80 billion, representing strong growth over the past 30 days. This figure indicates the total value of all ADA tokens, including those not yet in circulation.
Furthermore, the circulating market capitalization, which factors in only the tokens currently available for trading, has also experienced a notable increase, reaching around .35 billion.
Moreover, Cardano has witnessed a significant surge in trading volume over the past 30 days. The trading volume has soared to approximately .96 billion, reflecting an increase of 117.5%. This surge indicates heightened market activity and a growing demand for ADA tokens.
Another noteworthy aspect revealed by Token Terminal data is the substantial growth in fees generated within the Cardano network. Over the past 30 days, fees have amounted to approximately 6.07k, demonstrating a significant increase of 36.5%.
When annualized, the fees generated by the Cardano blockchain reach an estimated .16 million, reflecting a notable growth rate of 5.2%. This signifies the expanding usage of the Cardano network for various transactions and applications.
ADA is trading at .603, down 2.6% in the last 24 hours.
Featured image from Shutterstock, chart from TradingView.com
Shiba Inu Sees 2,000% Explosion In Adoption, Is SHIB Headed For A $0.0008 ATH?
Shiba Inu (SHIB) has been gaining a lot of traction lately, with the meme token seeing an increase in the number of addresses created. This uptrend in the crypto token’s expansion is significant as it could spark a surge in SHIB’s price and possibly a new all-time high (ATH).
Shiba Inu Sees 2,000% Increase In Daily Addresses
Data from the Market Intelligence platform IntoTheBlock shows that SHIB has been attracting over 8,400 new daily addresses in March. This represents almost a 20 times increase from its February daily average. The meme coin’s new daily addresses peaked on March 5, recording 21,000 addresses.
The reason for the increase in SHIB’s adoption is not farfetched, as the Shiba Inu team has continued to implement exciting initiatives that are attracting new investors into the ecosystem. One of these initiatives includes the launch of K9 Finance, a liquid staking derivatives (LSD) platform on the Shibarium network.
Liquid staking looks to be one of the leading narratives of this bull cycle (something that has increased Ethereum’s network activity), and there is no doubt that K9 Finance can also help the Shiba Inu ecosystem achieve the same results.
Meanwhile, blockchain analytics platform Santiment recently highlighted how AI tokens and Meme coins look to be the leading altcoins at the moment. As such, it is unsurprising that investors will want to position themselves with SHIB, the second-largest meme coin by market cap.
The increased interest in SHIB since the beginning of March is already reflecting positively on its price, with the crypto token seeing a gain of over 162% in the last seven days. A sustained increase in SHIB’s adoption will help the meme coin maintain this bullish momentum.
SHIB Gunning For Its All-Time High
SHIB’s all-time high (ATH) currently stands at .0008, and with its current bullish momentum, there is a growing belief that it won’t be long before it surpasses that price level. The fact that the bull market also looks to be in full force already makes SHIB hitting a new ATH very possible.
Interestingly, crypto analyst Ali Martinez had predicted that SHIB could rise to as high as .011. Although that price level still looks very ambitious, it is one to keep an eye on as the meme coin continues its upward trend. Meanwhile, the Doge community will be on high alert as Dogecoin (DOGE) risks losing its crown to SHIB as the most valuable meme coin.
At the time of writing, SHIB is trading at .00003346, up almost 10% in the last 24 hours according to data from CoinMarketCap.
Satoshi Era Mega Whale Stirs, Shifts a String of 2,000 Vintage Bitcoins in a Single Block Worth $123M
Around 88 days ago, on Dec. 4, 2023, a mysterious mega whale, closely watched by onchain analysts at Bitcoin.com News, made waves again by transferring 2,000 ancient bitcoins from 2010 that was confirmed in a single block. Since March 2020, this entity has relocated a whopping 16,000 bitcoins that had been dormant since the day […]
Bitcoin News
Ripple IPO: Wall Street Veteran Explains Why Shares Could Surge 2000% Before Public Listing
Pro-XRP Wall Street financial analyst Linda Jones recently shared her thoughts on a potential Ripple Initial Public Offering (IPO). Specifically, she elaborated on her belief that the crypto firm was currently undervalued and how the company’s stocks could still rise before it went public.
Why Ripple’s Stock Could Be Worth 20 Times Its Current Price
Linda Jones used Coinbase’s IPO as a mirror to explain why Ripple’s stock could be worth 20 times its current valuation. She noted that Coinbase was valued at billion when it initially went public, and its stocks traded for as high as 9 during that period. If Ripple were to follow a similar path, then its stock price would be worth more than the , which it is currently valued at by private equity platform Linqto, Jones claimed.
Interestingly, the analyst factored in Ripple’s escrowed XRP holdings while trying to estimate how much the crypto firm could eventually be valued. According to her, Ripple could be valued as high as 7 billion if those escrowed funds (said to be worth billion) are added to the billion (if Ripple were to be valued similarly to Coinbase).
Going by Jones’ analysis, Ripple having a valuation of 7 billion means that the company’s stocks could trade at 0 on the first day of being publicly listed. The analyst then went on to lay out a possible scenario where Ripple is valued at more than 7 billion, the amount under consideration.
How Ripple Could End Up Being Worth Half A Trillion
Linda Jones also mentioned that Ripple could end up being worth half a trillion if the SEC’s case against Ripple were to end soon and XRP rises back to its all-time high (ATH). If the latter happens, Ripple’s escrowed XRP holdings will be worth around 0 billion. That could ultimately increase Ripple’s value to about 0 billion, the analyst claims.
Jones believes that Ripple being valued at 0 billion during the IPO isn’t farfetched, considering that there are companies that are already valued at up to a trillion. She further compared Ripple to the likes of Apple, Microsoft, and Nvidia, suggesting that the crypto firm could match up to these blue chip companies.
The financial analyst’s belief in Ripple’s potential is why she boldly claims that purchasing Ripple’s stock now is a great investment, as it will only go “up” from here. She also predicts that there could be a new record for a company at its valuation, and Ripple could be that company.
Recovery Dim? Ethereum Faces Potential Slide Towards $2,000
Ethereum, the linchpin of the decentralized application ecosystem, finds itself navigating a precarious path this week. The cryptocurrency’s value, having breached the pivotal ,250 support level, now teeters on the edge of a decisive crossroads, caught between the prospect of a resurgence and the looming threat of a more pronounced downturn.
Analyzing the technical landscape reveals a cautious narrative, as ominous bearish trendlines emerge on the hourly charts of the Kraken exchange, while a resilient resistance at ,240 presents a formidable obstacle.
Ethereum: Uphill Battle And Key Levels To Watch
The journey to reclaim lost ground demands a Herculean effort from Ethereum, necessitating the conquering of the initial hurdle at ,240 and then engaging in a formidable battle against the ,280 resistance. The digital asset’s fate hangs in the balance, with the outcome likely to shape its trajectory in the coming days.
However, should Ethereum stumble in this uphill climb, a safety net awaits at ,200, providing a temporary buffer against a further decline to ,000.
But amidst the technical turmoil, a ray of sunshine pierces through the clouds. Market sentiment around Ethereum remains surprisingly upbeat. Despite the price dip, the volume of net profits locked in by ETH investors has hit a multi-year high, suggesting a shift in focus from short-term gains to long-term holding.
Ethereum’s High-Wire Act: Key Metrics
This newfound patience is further corroborated by the skyrocketing net unrealized profit/loss (NUPL) metric for short-term token-holders. This figure, reflecting the potential profitability of investors based on their purchase price, has for the first time since the November 2021 all-time high, surpassed 0.25, signifying a surge in confidence among those who recently acquired ETH.
The current scenario resembles a high-wire act, except the stakes are considerably higher. Technical charts flash cautionary signals, but market sentiment whispers sweet nothings of optimism. Whether Ethereum finds its footing and ascends, or takes a misstep and plummets, remains to be seen.
At A Glance
- Ethereum faces near-term technical challenges with resistance points at ,240 and ,280.
- Support lies at ,200 and ,165, with a breach below ,000 a possibility.
- Despite the price dip, market sentiment around Ethereum remains positive.
- Record-high net profits locked in and rising NUPL for short-term holders suggest long-term optimism.
While Ethereum’s path forward remains shrouded in uncertainty, the technical picture paints a potentially bleak outlook. With resistance levels looming large and support thin on the ground, a slide towards the psychologically significant ,000 mark cannot be ruled out. However, the resilient optimism amongst investors, evidenced by locked-in profits and rising NUPL, suggests a hidden strength that could fuel an unexpected comeback.
Featured image from Pixabay, chart from TradingView
Ethereum’s Tipping Point: Analyst Warns Of Steep Drop To $2,000
Since Ethereum (ETH) peaked at ,717 in the last two weeks, the asset has experienced a gradual decline, culminating in its arrival at a key demand zone, which could be instrumental in determining its imminent price trajectory, according to a prominent crypto analyst.
Critical Support Zone Flags Continuous Bearish Move
Renowned crypto analyst Ali has pinpointed a critical demand zone for ETH, ranging between ,388 and ,460. The resilience of this support level could pave the way for an upward trajectory, offering Ethereum a much-needed respite from bearish pressures.
However, should Ethereum falter, a bearish slide to the next major support level of around ,000 may be imminent. Such a decline would represent a significant drop of nearly 20% from its current price around the ,300 mark, posing a stern test for Ethereum’s market upward stability.
#Ethereum Market Update: $ETH is currently in a key demand zone, ranging between ,388 and ,460. If this support holds strong, there’s a clear path ahead with minimal resistance, offering a potential for upward movement.
However, if #ETH fails to maintain this level, we… pic.twitter.com/F0HfyrSdGF
— Ali (@ali_charts) January 21, 2024
Over the past 24 hours, Ethereum has witnessed a noticeable 4.3% decrease in value, breaching Ali’s critical demand zone. Currently, ETH trades at ,368, signaling a possibility of a further plunge from here.
This price dip is mirrored in Ethereum’s trading volume, which has seen a significant decrease from billion last Monday to just over billion today, indicating lesser trading activity and a shift in investor sentiment.
Ethereum’s Market Dynamics: Whales Buying Dip and Rising Dominance
The current market dip has not gone unnoticed by savvy investors. According to Lookonchain, a crypto analytics platform, a prominent Ethereum whale has capitalized on the opportunity, acquiring 3,600 ETH valued at around .9 million.
After the price of $ETH dropped today, this smart whale bought 3,600 $ETH(.9M) back at a lower price 5 hours ago.
This whale is very good at buying $ETH at low prices and selling $ETH at highs.
The profit is ~.8M currently!https://t.co/UzXbheftr1 pic.twitter.com/DannZzsQVk
— Lookonchain (@lookonchain) January 19, 2024
This strategic move is part of a larger pattern observed in the whale’s trading history, marked by buying low and selling high. This tactic has reportedly amassed profits estimated at .8 million.
Amid this bearishness, Ethereum has shown resilience in terms of market dominance. A recent report by analytics firm Santiment reveals that Ethereum’s market share, relative to the total crypto market capitalization, has surged by roughly 22.4% in just one week.
This growth is complemented by a significant increase in active Ethereum addresses, with an average of 89,400 new addresses joining the network daily, reaching a peak of 96,300 new addresses in a single day.
These figures suggest a growing interest and engagement in the Ethereum ecosystem despite the current market conditions.
#Ethereum‘s price dominance continues to surge against #Bitcoin‘s, now +22.4% in a week. During this stretch, there have been 89.4K new $ETH addresses created per day, and 96.3K wallets just yesterday. Additionally, the 2nd largest market cap asset’s supply on
(Cont)
pic.twitter.com/9nHCl6PJPy
— Santiment (@santimentfeed) January 16, 2024
Featured image from Unsplash, Chart from TradingView
Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11
Popular Crypto YouTuber Ben Armstrong has shared his bullish prediction for the Cardano (ADA) price. While giving his prediction, Armstrong also alluded to a recent ADA price prediction that crypto analyst Ali Martinez made.
Armstrong’s Bull Case For Cardano Is
In a video posted on his YouTube channel, Ben Armstrong mentioned that his bull case prediction for ADA is . However, the crypto YouTuber didn’t share any analysis to back up his bullish sentiment. Instead, he only referred to an earlier ADA analysis that Martinez had shared as part of his prediction of ADA hitting .
In his analysis, Martinez highlighted how ADA was currently mirroring its “late 2020 behavior.” He further elaborated on how ADA could hit if history were to repeat itself. According to him, if that were to happen, then ADA would resume an upward trend in April, while a pattern continuation will ultimately lead to the crypto token hitting that price level.
Meanwhile, Armstrong isn’t the only one who believes that the Cardano price could rise to as high as . Dan Gambardello, the founder of Crypto Capital Venture, had previously predicted that ADA would hit this price level at the peak of the next bull market. Unlike Armstrong, Gambardello provided deeper insights as to why he holds this belief.
He explained how Cardano has more functionalities now, unlike in the previous bull run. This includes the features that have allowed the DeFi landscape on the network to grow since 2021. The analyst also highlighted similarities between Ethereum and Cardano’s development while hinting that ADA could mirror the run that ETH enjoyed in the last bull run.
ADA Getting Ready For The Next Bull Run
Gambardello, who once hinted that the next bull run was going to begin after the Bitcoin Halving, recently noted in an X (formerly Twitter) post that the bottoming out structure for Cardano was getting reading for this event. He highlighted how ADA cools off prior to the Halving event. According to him, this is “so bullish for ADA” as it possibly prepares for a move to the upside.
In the meantime, he hinted that ADA could experience a 30 to 40% move to the downside as it looks to consolidate with Bitcoin and the broader crypto market. Gambardello had previously mentioned that he wasn’t concerned by ADA’s price action and still wouldn’t be even if ADA were to drop below its current price level.
At the time of writing, ADA is trading at around .49, down over 3% in the last 24 hours, according to data from CoinMarketCap.