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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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Litecoin $LTC Overtakes Bitcoin As Per On-chain Transaction In The Last 24 Hours 

Litecoin ($LTC) continues to demonstrate robust on-chain metrics, attracting a growing number of users and traders who appreciate its exceptional speed, low fees, and proven reliability.  As one of the world's most secure networks, Litecoin facilitates efficient crypto transactions, earning trust through its decade-long legacy of innovation, security, and stability. Notably, Litecoin's daily addition of new addresses surpasses even Bitcoin, underscoring its widespread adoption and user engagement.  https://twitter.com/DaddyCool1991/status/1749937556853264411?t=jiMSQXrGXZz4rSl7wV3lpw&s=19 Before November 2023, Litecoin had never exceeded 1 million active addresses in a single day. However, in the past 10 weeks, it has achieved this milestone no less than 12 times, showcasing its increasing popularity. According to data from Intotheblock, Litecoin leads the pack in on-chain transactions over the last 24 hours, surpassing other major blockchains. Litecoin ($LTC): 1.1 million transactions Bitcoin ($BTC): 869,000 transactions Ethereum ($ETH): 514,000 transactions Tether ($USDT): 99,000 […]

Will Izuchukwu January 25, 2024

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Weekly Crypto Pulse: Market Sentiments Favor Cartesi And Gala Games, While Bitcoin SV And Metal Face Challenges

As the new trading week unfolds, Santiment's on-chain analytics spotlight tokens riding high on positive sentiments and those grappling with negative sentiments. Positive Sentiment Leaders: - Cartesi (CTSI): Cartesi experiences a surge in positive sentiment after forging a strategic alliance with a major cloud computing provider. The market acknowledges Cartesi's growing acceptance and technological integration, propelling the token to a commendable 17% gain over the past 7 days. - Gala Games (GALA): Excitement ensues among traders and community members with the mention of the HTX Carnival Gala and an upcoming airdrop. Despite a 58% increase in trading volume over the last 24 hours, the token faces a minor 3% decline in value today. - PAAL_ai (PAAL): A wave of enthusiasm surrounds PAAL due to enticing reward events, new exchange listings, and notable partnerships. The token's connection with CELESTE solidifies its […]

Will Izuchukwu January 24, 2024

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Today’s Hot Altcoins: Cartesi, Dogecoin, And Ondo Finance

As the new week kicks off, three altcoins are generating significant buzz in the crypto community. Analyst Ali identifies the top performers: https://twitter.com/ali_charts/status/1749320282471383255?t=tDYk2Y4pzxn330LcZiu8UA&s=19 Cartesi ($CTSI): Cartesi is commanding attention with an impressive 70% surge in its price, sparking discussions across various social media platforms. Social Dominance for $CTSI witnessed a notable spike, coupled with the highest level of positively weighted sentiment since its all-time high.  However, traders appear to be taking a cautious approach, as the token experiences a 15% correction following its recent surge. Dogecoin ($DOGE): Over the weekend, Dogecoin experienced a 10% price jump, attributed to Twitter's introduction of a dedicated 'X Payments' account, putting the spotlight on DOGE.  https://twitter.com/intotheblock/status/1749446631135563949?t=0Fp9qbxKnA6fGmGpoR1Pdg&s=19 Despite being a memecoin, Dogecoin's dominance in transaction volume remains undeniable, challenging the notion that the memecoin wars are solely about utility. Ondo Finance ($ONDO): Ondo Finance is […]

Will Izuchukwu January 22, 2024

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News

Blast Achieves Remarkable TVL Milestone As BIG BANG Competition Takes Center Stage

Blast, the brainchild of Blur's founder, has proudly announced the official launch of its testnet, marking a significant step forward in its development journey.  To spur enthusiasm and innovation among developers, Blast has kicked off the exciting Blast BIG BANG competition. In this competition, developers stand to receive 50% of the Blast airdrop, while the remaining 50% is allocated to Blast staking users. https://twitter.com/WuBlockchain/status/1747434571757735941?t=ZXwZ7NsJpcdTEoN2S-Jb1Q&s=19 The competition presents a unique opportunity for DApps (decentralized applications) to vie for prominence by reaching 100,000 users, captivating top-tier investors, and securing a share of the coveted Blast Airdrop.  Winning DApps will enjoy promotion to Blast users when the mainnet is launched in late February, providing developers with an early chance to benefit from the Blast Airdrop. Blast goes beyond incentivizing developers by facilitating connections between winning teams and a distinguished panel of judges and […]

Will Izuchukwu January 17, 2024

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$INSP Surges Over 21% In Late Monday Rally After Announcing Integration With Arbitrum

In a late Monday rally, $INSP has emerged as a prominent gainer, witnessing a remarkable surge of over 21%, coupled with an 81% increase in trading volume. The surge comes on the heels of the team's announcement regarding their integration with Arbitrum. Arbitrum, known for developing one of the most advanced scaling solutions in the market, is playing a transformative role in reshaping blockchain technology, making Web3 more accessible to a broader audience. https://twitter.com/inspectxyz/status/1746910475810459943?t=-l1c4n8E2rLAOP7-jqA8pA&s=19 More On Arbitrum Integration And Purpose  Inspect has outlined plans to dedicate a special section on its platform exclusively for Arbitrum, aiming to provide comprehensive insights into the entire ecosystem. The activation revolves around fostering collective innovation in alignment with the vision of a Web3 future that prioritizes enhanced connectivity.  This integration marks a strategic move for the Inspect ecosystem, propelling it towards greater efficiency and […]

Will Izuchukwu January 15, 2024

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Bitcoin Market Dynamics: Insights Into Recent Trends And Future Outlook

Recent data from Robinhood's Chief Brokerage Officer reveals interesting insights into the dynamics of the Bitcoin (BTC) market. Approximately 20% of BTC spot ETF transactions occurred within retirement accounts, indicating a notable presence of long-term investors in this segment.  Moreover, a significant portion of Grayscale's Bitcoin Trust (GBTC) sellers opted to reinvest their funds into other BTC spot ETFs, showcasing a strategic shift among market participants. https://twitter.com/WuBlockchain/status/1745993603162210325?t=Bt_uGwFURSRd3AULqaVfKw&s=19 Anthony Scaramucci, founder of SkyBridge Capital, attributes part of the current Bitcoin decline to selling pressure from GBTC and the FTX position. However, he expresses optimism, anticipating that this selling pressure will likely subside over the next six to eight trading days. https://twitter.com/WuBlockchain/status/1746014373427265809?t=Bt_uGwFURSRd3AULqaVfKw&s=19 4,000 Bitcoin Transfer To Monitor And Potential Bitcoin Price Drop To $34,000 Lookonchain data aligns with Scaramucci's perspective, indicating that four wallets associated with Grayscale Bitcoin Trust recently transferred 4,000 […]

Will Izuchukwu January 13, 2024

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News

Investors Face Challenges As Algorand Struggles Amidst Price Decline And Development Activity Drop

Recent statistics from IntoTheBlock reveal a challenging scenario for Algorand ($ALGO) investors, with a notable 88% experiencing losses. The cryptocurrency has encountered a 14% price decline within the past 7 days, coupled with a significant 50% drop in development activity over a span of 2 weeks, contributing to an overall sense of difficulty. https://twitter.com/felixreads/status/1745719026402070580?t=uhk1YLDlAMiC0eqp3BQL8w&s=19 Various metrics, including network stress signals related to profitability, growth, and token metrics, reflect the challenges Algorand is currently navigating. Despite these hurdles, the platform continues to witness an increase in usage and transaction volume. Monitoring the longer-term prospects will be crucial to assessing whether the cryptocurrency can overcome short-term obstacles and sustain positive momentum. Amidst the recent challenges, Algorand remains ambitious, emphasizing its fundamental strengths over temporary setbacks. The reliability of the platform and its underlying technologies may ultimately outshine the fluctuations observed in certain […]

Will Izuchukwu January 12, 2024

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News

Celsius Faces Challenges After Bankruptcy Filing: Losses, Lawsuits, And Asset Transfers

In a significant turn of events, Celsius, the cryptocurrency loan company, filed for bankruptcy on July 13, 2022, after reporting a substantial $1.2 billion loss on its balance sheet. Following this, a reorganization plan was adopted by creditors in September 2023, providing custodial account owners with 72.5% of their interests in Bitcoin and Ethereum. https://twitter.com/WuBlockchain/status/1744890675089621344?t=-MSciuqYwGu0Vp6QLsoB5g&s=19 However, challenges continued for Celsius as regulatory authorities, including the SEC, FTC, DOJ, and CFTC, filed lawsuits against the company and its CEO, Alex Mashinsky, alleging client fraud. Recently, Celsius made an announcement stating its decision to cease staking large amounts of Ethereum (ETH) assets. This move raised eyebrows in the crypto community. Celsius Notable Staked ETH Withdrawal To Monitor In the past week, an address associated with Celsius Network, specifically labeled Celsius Network: Staked ETH, transferred a substantial 40,000 ETH to either Coinbase or […]

Will Izuchukwu January 10, 2024

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Featured

Inspect Token ($INSP) Surges 22% In 24 Hours Amidst Integrations

In the past 24 hours, the price of Inspect Token ($INSP) has experienced a noteworthy gain of 22%, coupled with an impressive 32% surge over the past 7 days. This surge coincides with a series of strategic integrations announced by the Insp team, aimed at enhancing the platform's functionality. Yesterday, Insp achieved a significant milestone by integrating with LayerZero_Labs, expanding $INSP's presence to over 50 blockchains. This integration introduces omnichain interoperability to the entire Inspect Ecosystem, allowing seamless token transfers across various blockchains. LayerZero, renowned for its leadership in omnichain interoperability, facilitates boundary-less blockchain operations with optimal rates for $INSP users. https://twitter.com/inspectxyz/status/1744361120368906351?t=NgAUlQ3IM_m2mDXKyottyw&s=19 The Implications Of LayerZero_Labs Integration To INSP The integration with LayerZero_Labs lays the groundwork for the implementation of cross-chain features across other products, with a particular focus on the Layer 2 platform designed for X. This move signifies […]

Will Izuchukwu January 9, 2024

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