trading Archives - Page 5 of 17

Declining Investor Sentiment For Render Token Signals Trouble Ahead

Investor sentiment towards Render Token, a key player in the artificial intelligence and decentralized computing (Depin) sector, has taken a notable hit, with positive sentiment dropping to just 21%. This decline raises concerns about the token's future prospects, particularly given the growing importance of public perception in the cryptocurrency market. Telegram Sentiment Analysis Recent data reveals a sharp decline in positive sentiment towards Render Token within the Telegram community. Currently, only 21% of the signals are positive, compared to 11% negative and 68% neutral. This shift is significant, especially considering that positive sentiment has been steadily declining since July 15. This trend suggests that investors are becoming increasingly cautious, reflecting a broader uncertainty about the token's potential. https://twitter.com/burak_kesmeci/status/1825974387419304198 Telegram Membership Trends While it's challenging to distinguish between genuine and bot-generated memberships, the overall growth in Telegram group membership is generally […]

Will Izuchukwu August 22, 2024

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DeFi Embraces Real-World Assets: A $3.74 Billion Market Revolution

The decentralized finance (DeFi) sector is taking significant strides by integrating Real-World Assets (RWAs), with a remarkable $3.74 billion in Total Value Locked (TVL). This evolution is rapidly gaining momentum, with 73 RWA protocols collectively holding a market cap of $4.59 billion and serving 248,438 unique token holders. The growing synergy between DeFi and traditional finance signals a transformative shift in the financial landscape. https://twitter.com/PropyKeys/status/1825528264879669426?t=2RsYzqjaob735DAoNlbxUQ&s=19 A notable development comes from Japan, where the Ministry of Economy, Trade, and Industry (METI) is spearheading a blockchain pilot aimed at accelerating the adoption of digital public goods and RWAs. This initiative is in collaboration with major industry players like PwC and Rakuten Group. Japan’s involvement is particularly significant, given its status as a global economic powerhouse and its history of pioneering financial instruments that have set trends worldwide. The tokenization of RWAs has […]

Will Izuchukwu August 21, 2024

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Crypto Market Overview: Key Developments And Market Sentiments

Last week, the "Fear and Greed" index averaged around 25, signaling a market filled with uncertainty and bearish sentiments. Let's delve into some notable events across the cryptocurrency landscape. Market Performance: $BTC: Bitcoin's price remained relatively stable, fluctuating between $58,000 and $61,000, with minimal movement over the weekend. $ETH: Ethereum mirrored Bitcoin’s price trend, oscillating between $2,500 and $2,600. ETF Highlights: ETFs: The U.S. Bitcoin ETF is on track to surpass the holdings of Satoshi Nakamoto by October. Notably, BlackRock's ETF holdings have reached approximately $21.2 billion, overtaking Grayscale for the first time. Major Altcoin Updates: $BNB: Binance Labs has invested in Sahara AI and My Shell AI to support the development of open and equitable AI systems. $OP: Optimism has unveiled a new protocol layer designed to address liquidity fragmentation within its ecosystem. $JUP: Jupiter Exchange announced plans to […]

Will Izuchukwu August 20, 2024

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$FIGHT: Smart Money And DEX Traders Ramp Up Accumulation

Recent data from iCrypto highlights a growing interest in $FIGHT, placing it among the top five tokens accumulated by Smart Money over the past 24 hours. Notably, the holdings of Smart Money and Smart DEX traders in $FIGHT have surged by over 35%, reflecting a significant uptick in confidence among seasoned investors. One wallet, in particular, has caught the eye of analysts: Wallet 0x33c6 (icrypto.ai/wallet/0x33c6b…): With an impressive 54.24% win rate across 59 trades, this trader has a proven track record, including gains of 479% with $KISHU, 175% with $BNT, and 107% with $LADYS. In the last four hours, this wallet has invested $47.2K to acquire 8.2 million $FIGHT tokens at an average price of $0.00025771. https://twitter.com/iCryptoAI/status/1823267142760014149?t=yN7RsMlqxNekkAKCsojIXQ&s=19 What’s more, $FIGHT’s price appears to have stabilized following a period of sharp declines, suggesting that the token may be finding its footing […]

Will Izuchukwu August 14, 2024

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Weekly Crypto Market Report: Key Developments And Accumulation Trends

The recent market crash marks a pivotal transition phase, with significant shifts across leading coins and growth in various segments of the ecosystem. Here’s a roundup of the most notable events: $BTC experienced significant price volatility last week, fluctuating between $49,000 and $63,000, largely influenced by ongoing war news. Many altcoins, including $ALT, $ENA, $REZ, and $PIXEL, reached new lows during this period. $ETH briefly touched $2,100, but the recovery across the Ethereum ecosystem, including tokens like $LDO and $SSV, was less robust compared to others. $SOL showed a faster and stronger recovery than Ethereum, with its market cap surpassing that of $BNB. This raises questions about Solana’s potential to continue outperforming. $FRIEND saw a steep decline, with its price dropping below $0.10—down over 90% from its all-time high, sparking concerns about the future of the #SocialFi wave. $RON faced […]

Will Izuchukwu August 13, 2024

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Market Rebound: Bitcoin and Altcoins Lead The Charge

Since yesterday, the market has been favoring both Bitcoin and altcoins, signaling a strong rebound. Despite recent dips, the Bullish Falling Wedge pattern remains intact for $RIO. The price of $RIO made a significant recovery, forming a hammer pattern when it touched 80 cents. Currently, $RIO is trading at $0.94, eyeing a reclaim of the $1 mark. https://twitter.com/oct_trades/status/1820726775904702620?t=F54SMpEMCFsUFtH2MW1DiA&s=19 The rapid recovery of $RIO amidst a major market downturn is noteworthy, underscoring the unpredictable nature of both stocks and cryptocurrencies. While many investors faced losses during the crash, this rebound offers a glimmer of hope and showcases the resilience of certain assets. https://twitter.com/ja1405_ja/status/1820714739619774508?t=7zQtBk8Sbtl00qdVUFa7Rw&s=19 Market volatility can be nerve-wracking, but maintaining a calm demeanor and adhering to a long-term strategy often yields the best results. According to iCrypto, there has been a high buy volume from Smart DEX Traders over the past […]

Will Izuchukwu August 7, 2024

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Market Surge Following Fed Statements: Bitcoin And Stocks Rally

Following the Federal Reserve's positive statements, both the stock market and Bitcoin have shown robust recovery, with Bitcoin surging by 13%. This upward momentum has positively impacted the broader market, raising hopes for favorable news on the Bitcoin ETF, particularly from BlackRock. https://twitter.com/iCryptoAI/status/1820639447995887862?t=3xJxMUPhqEdr_-ndm0v9WA&s=19 Top Gainers and Market Trends Among the top gainers are $NEIRO, $ANDY, $BITCOIN, $PEIPEI, $BRETT (on Base), $MIGGLES, and $SATS. The meme coin trend is leading the charge, closely followed by Ethereum. Additionally, the Base ecosystem is garnering significant attention. Notable Accumulation and Market Movements $TAO has seen strong accumulation by smart money, despite already rising 49% from yesterday's bottom. It is showing notable strength on the charts, having validated its support at $186 and making its way toward $348 with substantial volume. The expectation is for Bitcoin to remain bullish, which could further support $TAO's upward […]

Will Izuchukwu August 7, 2024

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Crypto Market Retrace Sparks Calls For Sub-$50K BTC As ETF Dynamics Shift

The crypto markets have experienced a significant retrace, leading traders to once again speculate on Bitcoin (BTC) dropping below the $50K mark. Historically, when the 7-day average trader returns for top cryptocurrencies like BTC, ETH, ADA, XRP, DOGE, and LINK are low, the likelihood of a market bounce increases considerably. https://twitter.com/santimentfeed/status/1819502487222526287?t=5r4mkpaZbBPb2sK8NPiAYg&s=19 On August 2nd, Bitcoin spot ETFs saw a substantial net outflow totaling $237 million. Specifically, the Grayscale Bitcoin Trust (GBTC) recorded a single-day outflow of $45.9462 million. Fidelity's Bitcoin ETF (FBTC) experienced a significant single-day net outflow of $104 million. In contrast, BlackRock's iShares Bitcoin Trust (IBIT) noted a single-day inflow of $42.8142 million. https://twitter.com/mycoinecho/status/1819651142806081691?t=dy6ZQilpkP4XFZuYhtc1aw&s=19 More Bitcoin Exposure Happening Soon In a groundbreaking move, Morgan Stanley will allow its 15,000 financial advisors to offer Bitcoin ETFs to clients starting August 7. This initiative marks the first instance of a […]

Will Izuchukwu August 5, 2024

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Aave Whale Uses Low-Risk Leveraged ETH Strategy With GHO

A recent report from IntoTheBlock has examined the activities of the second-largest Aave GHO whale, known as luggisdoteth, who employs a leveraged long ETH strategy using GHO. This whale has been gradually increasing their ETH position by minting GHO with wstETH and swapping the stablecoin for ETH. While leveraging carries inherent risks, this whale utilizes low leverage and actively manages their position, thereby reducing the risk of liquidation. Despite GHO’s historical peg issues and the challenges of manual leveraging, the GHO market's peg stability has improved significantly. Since February, the peg has been well-maintained, thanks to the safety module in place. The whale can also profitably arbitrage any downside depegs by selling their GHO, which helps restore the peg and allows them to repay part of their loans. This strategy leverages the benefits of being the largest holder of AAVE, […]

Will Izuchukwu August 2, 2024

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SuiNetwork: The Future Of Fast And Affordable Blockchain Transactions

SuiNetwork, a decentralized Layer 1 blockchain, is making waves with its promise of fast and cheap transactions. Developed by Mysten Labs, Sui is designed to make Web3 secure and reliable for everyone. The team behind Mysten Labs includes several former members of Meta’s Novi digital wallet program, with Even Cheng serving as CEO. Backed by major venture capital firms like Binance Labs, a16z, and NCSoft, Mysten Labs raised $300 million in a funding round for Sui's development in September 2022. https://twitter.com/C__thumbs/status/1818176875845259754?t=vZSxaUis_vD58NB8akWdUw&s=19 Sui launched its incentivized testnet in August 2022, followed by the mainnet going live in May 2023. The blockchain aims to integrate the best features of Bitcoin and Ethereum while addressing their limitations by offering reduced latency, instant transaction finality, and increased transaction speed. This results in a fast, private, and seamless DeFi experience. $Sui stands out with several […]

Will Izuchukwu July 31, 2024

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