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Cryptocurrency Trading Volume Reaches $288 Billion In Past Week, Shows Santiment Data

Over the last seven days, cryptocurrency trading has amounted to a staggering $288 billion across 2,842 tracked assets, according to Santiment data. This reflects a notable 22% decrease compared to the previous week. https://twitter.com/santimentfeed/status/1755325204006658384?t=7sB5Scnuf8-txIgXsTAizA&s=19 Traders are exhibiting decision paralysis, anticipating the resurgence of Fear of Missing Out (FOMO) or Fear, Uncertainty, and Doubt (FUD) during the next significant market fluctuation. There's an argument that Bitcoin, Ethereum, and other cryptocurrencies will eventually align with the broader market, particularly considering their long-term correlation with the SP500.  https://twitter.com/santimentfeed/status/1755307603834605688?t=t2xONW0nDRGlcvmEwGboUw&s=19 The Expected Date For This Alignment Sets At Before The Bitcoin's April Halving This alignment is expected to happen before Bitcoin's April halving. It's an uncommon scenario where cryptocurrency investors are rooting for a strong correlation between coin market values and publicly traded companies, especially as stocks reach All Time Highs. During periods of little […]

Will Izuchukwu February 8, 2024

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$DAI Had Processed More Than 50% Of All Stablecoin Volume For The Past Two Weeks

Stablecoins play a pivotal role in the cryptocurrency realm, evolving from a total supply of $1B in 2018 to surpassing $120B by 2023.  While Tether (USDT) continues to hold its position as the market leader, DAI has emerged as a significant player, processing over 50% of all stablecoin volume in the past fortnight. Since late 2023, DAI has maintained its dominance in terms of transaction volume. https://twitter.com/intotheblock/status/1754875499434700968?t=PFEFvsJ5XxtoiJ-Mw0yD1Q&s=19 In a recent development, DAI's remarkable performance has propelled its listing on Xexchange, a decentralized finance platform operating on the MultiversX Network. Moreover, DAI has been seamlessly integrated into their aggregator, facilitating access for a broader spectrum of traders to this stablecoin. https://twitter.com/xExchangeApp/status/1754520700885323794?t=GBzNH8bJUZmSq9ksfT5GCA&s=19 $DAI Holds 3rd Position In Stablecoin Market With $5.35B Market Cap Currently, DAI holds the third position in the stablecoin market, boasting a market capitalization of $5.35B. While it trails […]

Will Izuchukwu February 7, 2024

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Dogecoin’s Holder Addresses Surge Despite Market Volatility

Despite the recent downturn in the cryptocurrency market, Dogecoin continues to witness a remarkable surge in new addresses and active users, signaling enduring interest in the meme-inspired cryptocurrency. However, Dogecoin faces challenges in breaking through its current resistance level, which is situated between $0.085 and $0.078, amid short-term uncertainties. Since reaching its peak on December 9th, Dogecoin's value has declined by 23%. Nevertheless, the number of wallets holding Dogecoin has seen unprecedented growth. In just two weeks since January 22nd, 413.8K new wallets, mostly containing 0.001-1 $DOGE, have been added—a record 7.2% increase, according to Santimentfeeds. https://twitter.com/santimentfeed/status/1754692279934374330?t=8dDsoKfd8DeyXp4SeVYsPw&s=19 Dogecoin Soars Ahead Of Other Notable Memecoins Despite its price consolidation, Dogecoin has outperformed other meme cryptocurrencies in terms of profitable holders. Dogecoin boasts a 46.94% profitability rate for its holders, surpassing SHIB (27.11%), PEPE (24.81%), and FLOKI (16.11%). Furthermore, Dogecoin's holdings significantly […]

Will Izuchukwu February 6, 2024

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Sapphire, OasisNetwork, And Luna Classic $LUNC Gain Momentum In Crypto Space

In the dynamic realm of cryptocurrency, Sapphire and OasisNetwork have emerged as prominent players, drawing significant attention from analysts and investors. Alongside this trend, Luna Classic has seen a notable surge in popularity, adding to the intrigue within the crypto community. Terra tokens have encountered a series of bearish fluctuations since the start of the year, reflecting a subdued market sentiment toward these assets. However, Terra Classic has bucked this trend, witnessing a remarkable 11% increase in value over the past week, signaling a potential bullish reversal within the Terra ecosystem. LUNC Deflationary Circulating Supply And Other Token Movement To Watch The shrinking circulating supply of Terra tokens is attributed to increased staking activities and ongoing LunaBurn initiatives. Binance's largest staking wallet has recently added close to 500 million LUNC in the last two days alone. Additionally, over 1.1 billion […]

Will Izuchukwu February 5, 2024

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Solana’s DEX Trading Volume Surpasses Ethereum’s Fueled By $JUP Airdrop Excitement

Solana's decentralized exchange (DEX) trading volume reached a remarkable $1.14 billion within a 24-hour period, outpacing Ethereum's $1.13 billion. This surge in trading activity was driven by the anticipation surrounding the $JUP airdrop. https://twitter.com/esatoshiclub/status/1753448440221319183?t=5LXXChEMpex75gbk6XUSrw&s=19 Jupiter, a prominent protocol on Solana, distributed approximately $700 million worth of tokens to nearly a million wallets on January 31st, igniting widespread excitement within the crypto community. On-chain reports revealed that three airdrop hunters reaped substantial rewards from the $JUP airdrop, receiving an airdrop of 5.5 million $JUP valued at $3.6 million through 27,600 wallets. https://twitter.com/lookonchain/status/1753319830068003181?t=mwfcMmi5RsaTFhmO8Ngipw&s=19 The airdrop not only generated considerable attention but also led to the rapid listing of JUP on prominent centralized exchanges like Bybit and Binance, further fueling investor interest and trading activity. Despite Solana's Growth, Ethereum Still Leads The Way Despite Solana's impressive performance, Ethereum maintains its lead in weekly […]

Will Izuchukwu February 3, 2024

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XRP Plummets As 213 Million Tokens Stolen, Founder Acknowledges Theft

Following reports by ZachXBT on X that 213 million $XRP tokens valued at $112.5 million were stolen and laundered through exchanges like MEXC, Binance, Kraken, and OKX, the price of $XRP experienced a significant drop of more than 5%, now trading below the $0.5 mark. https://twitter.com/zachxbt/status/1752694489905528943?t=jpVrdz_rzDn7EZp7JEo43g&s=19 Chris Larsen, co-founder of Ripple, confirmed the theft, clarifying that the tokens were taken from his personal accounts rather than Ripple's. Larsen assured that they swiftly detected the issue and informed exchanges to freeze the affected addresses, with law enforcement already involved. https://twitter.com/chrislarsensf/status/1752702297971532258?t=XxR55Iy_6eAPuI2E9RztWw&s=19 $XRP Price Action Following The News After Wednesday's decline, XRP Ledger fell below the $0.50 market value for the first time since October 19th.  https://twitter.com/mycoinecho/status/1752718061881250158?t=_Mk7r0ZhQ_-tPGbyhACowQ&s=19 However, despite the setback, yesterday recorded the highest number of $XRP $1M+ whale transactions on the network (217) since prices surged after a judge's ruling that […]

Will Izuchukwu February 2, 2024

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Altcoins Lead Market Recovery: Bittensor, Helium, And Solana Surge

In a week of impressive market recovery, altcoins have taken center stage with Bittensor, Helium, and Solana emerging as top performers. While Bitcoin's social volume continues to decline, traders are increasingly drawn to speculative altcoins showing promising trends. Bittensor has experienced a remarkable 70% surge in the past seven days, reflecting a 54% increase on the weekly chart and an impressive 393% surge over the last three months.  https://twitter.com/santimentfeed/status/1752472885527036359?t=2nbbLjH7TL6FRvY_V2zSrg&s=19 The altcoin has reached an all-time high of $349 in the past 24 hours, drawing attention for its significant price pump. The surge in developer activity on the network has contributed to the rise of $TAO, an altcoin leveraging AI to aid developers in creating intelligent applications. SOLANA Sol And HNT Price Action To Monitor Solana, another standout performer, has witnessed a surge in activity on its blockchain in recent days. […]

Will Izuchukwu January 31, 2024

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Storj Team Deposits Additional Tokens To Binance Amid Price Increase

The Storj team recently made another significant deposit of $STORJ tokens to Binance, adding to their existing holdings on the exchange.  According to on-chain reports from Spotonchain, the team deposited an additional 2 million STORJ tokens, valued at $1.43 million, at a price of $0.715. This latest deposit adds to the team's previous transactions, totaling 28.9 million STORJ tokens, equivalent to $23.7 million, since November 9, 2023.  Interestingly, historical data suggests that the STORJ price tended to experience drops following the team's deposits. https://twitter.com/spotonchain/status/1752201248768659778?t=n6IZxqqmGJGnAbQH-yRgcA&s=19 STORJ Price Action To Monitor As of now, the Storj team's address holds 7.97 million STORJ tokens, valued at $5.7 million. Despite the recent deposit, the STORJ price has surged by 17.38% in the past 24 hours. The surge in STORJ's trading volume, which has increased by over 350%, reflects heightened market activity.  However, following the […]

Will Izuchukwu January 30, 2024

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XRPLedger Sees Surge In Wallet Adoption Amidst Talks Of XRP ETF

XRPLedger, the underlying technology behind the cryptocurrency XRP, has witnessed a significant milestone with over 5.02 million distinct wallets holding more than 0 XRP coins.  This marks the highest number of wallets in the 10+ years of XRPLedger's public trading history. The growth in wallet adoption reflects the expanding network and growing interest in XRP. Https://twitter.com/santimentfeed/status/1751042416034074950?t=0Mdg8tWuhVZ-K4Lwv_c2gA&s=19 In the past three years, the number of XRP wallets holding more than 0 coins has more than doubled, showing a remarkable 104% increase. This surge highlights the increasing popularity and utilization of XRP as a digital asset. Talks Around A Possible XRP ETF Approval In The Future Discussions surrounding the potential approval of an XRP Exchange-Traded Fund (ETF) are underway. Crypto journalist Eleanor Terrett emphasizes that the establishment of a futures ETF is a necessary precursor to a spot ETF for XRP.  Similar […]

Will Izuchukwu January 27, 2024

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Analyzing Top Protocols in Real World Assets (RWA) Category

In the realm of Real World Assets (RWA) protocols, Maker takes the lead in terms of Total Value Locked (TVL), emphasizing its focus on RWA advancements.  Meanwhile, Mountain Protocol has recently witnessed a remarkable surge, with its TVL skyrocketing by 400% in recent weeks.  Maple, on the other hand, competes closely with Maker in terms of developer activities, with Maker's price performance currently outpacing its counterparts. During the second week of January, Altcoin Maker (MKR) displayed robust performance, averaging $94.5 million in Real-World Asset (RWA) transactions daily within the decentralized finance (DeFi) landscape.  This impressive transaction volume underscores sustained activity and interest within the MakerDAO ecosystem, despite fluctuations in the market. Mountain Protocol TVL Hits 150M, Over 900% Increase  Mountain Protocol has also made significant strides, with its TVL reaching $150 million, marking an astounding 900% increase since early December.  […]

Will Izuchukwu January 26, 2024

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