Santiment, a prominent analytics firm, said that the increase in trading volume in one cryptocurrency sector was a precursor to the overall market rally last month. Santiment said it is looking at volume spikes across different areas of cryptocurrencies to see which areas could be signaling future price increases. According to the firm, the current cryptocurrency rally began on July 8, when investors poured capital into Bitcoin (BTC) and Layer 1 projects. “All the major volume spikes over the past month have come from a variety of sectors. The increase in trading volume of Bitcoin and Layer 1 assets will…
Author: Crypto Flexs
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Avalanche (AVAX) rose from last week’s low of $26 to above $30. Despite the recent US political news causing a general drop in cryptocurrencies, AVAX appears to be expecting further gains. Avalanche (AVAX) price remains above $30 as the altcoin continues its upward trend despite the overall cryptocurrency market decline over the past 24 hours. On Monday, AVAX price was trading at $31.93 at 10:30 am CET. The price had been in a double-digit uptrend for 24 hours, with bulls trying to hold above a key threshold after a surge from $26.73 on July 19. Cryptocurrency Falls Amid US Political…
Terryl Dickey 22 Jul 2024 10:57 Animoca Brands’ Mocaverse has entered into a strategic partnership with the TON Foundation to conduct a MOCA Coin and Toncoin token swap to increase user engagement and drive ecosystem growth. Animoca Brands’ Mocaverse has announced a strategic partnership with the MOCA Foundation and The Open Network (TON) Foundation to develop an identity and reputation-based consumer network across the Moca Network and TON Blockchain ecosystem. According to Animoca Brands, the collaboration also includes a ground-level token swap agreement between MOCA Coin (MOCA) and Toncoin to encourage user engagement and…
Bitcoin starts the new week with a full-blown bounce and a challenge for its all-time high.Bitcoin (BTC) is up 12% for the week and shows little sign of slowing down as the final resistance level approaches.Beyond is a return to price discovery, but after four months of consolidation, can the bulls finally get their way?Analysts say how Bitcoin will move in the future depends on several factors. Institutional demand, selling pressure, geopolitical curves, and inflation are all expected to contribute to volatility in the cryptocurrency market.On higher time frames, the situation remains bullish. After hitting an all-time high in March,…
The price of XRP has risen more than 12% over the past seven days. Most indicators and market indicators are showing a bearish trend for the token. Ripple (XRP) Last week, the price showed a promising rally with double-digit growth. The good news is that the token is on the verge of breaking out of a long-term bullish pattern, so things could turn even more bullish in the coming weeks. XRP’s Multi-Year Bullish Pattern CoinMarketCap’s data Last week, XRP bulls dominated the market, with the price rising by more than 12% over the past seven days. At the time of…
Exchange • July 22, 2024 3:37 AM EDT Posted 1 minute earlier In ~ Mt. Gox sent 0.021. Bitcoin +0.34% (approximately $1,400) was deposited into the new wallet this morning, which is a sign that additional repayments may be in the works.Blockchain analytics platform Arkham has flagged one of the receiving addresses as belonging to centralized cryptocurrency exchange Bitstamp.As The Block previously reported, Bitstamp said it would distribute its portion of the bitcoin redemption to Mt. Gox creditors “as quickly as possible.”Bitstamp is expected to receive its share of Mt. Gox creditors’ bitcoin soon, while centralized exchange Kraken received its…
Key Points Following Kraken’s distribution of Bitcoin and Bitcoin Cash last week, Mt. Gox sent 0.021 Bitcoin to Bitstamp early this morning. Bitstamp has been identified as one of the exchanges handling Mt. Gox’s debt repayments. Share this article Mt. Gox, the once popular cryptocurrency exchange, began trading small amounts of bitcoin on Monday. According to data from Arkham Intelligence, a wallet associated with Mt. Gox transferred 0.021 bitcoin to Bitstamp, the designated exchange for repaying creditors.Source: Arkham IntelligenceRecent transfers show that Mt. Gox is preparing for a significant customer redemption. Following Kraken, Bitstamp could be next in line to…
Alvin Lang 22 Jul 2024 07:36 Cronos (CRO) is hosting a $30,000 zkCRO giveaway for early adopters who stake CRO or LCRO tokens on the zkEVM bridge. Cronos (CRO) has announced an exciting giveaway event. The Pioneer’s Path to TreasureA total prize pool of $30,000 in zkCRO tokens will be given away. This event aims to reward early supporters who stake CRO or LCRO tokens on the Cronos zkEVM bridge before the mainnet launch.Campaign DetailsThe campaign, which started retroactively on July 4th, will continue until the zkEVM mainnet launches. Tokens eligible for participation include…
ApeCoin DAO, the decentralized autonomous organization that powers ApeCoin (APE), is considering a proposal to open a Bored Ape themed hotel in a “premium location” in Bangkok. DeSmart, an anonymous DAO member who submitted the proposal on July 19, proposed renovating an existing hotel in downtown Bangkok with BAYC-themed rooms, an APE-themed bar, and a swimming pool.They are asking for $356,000 in APE tokens to complete the proposed task. DeSmart has already done so previously. Aside from the purely aesthetic aspect, part of the cost is to provide various benefits to ApeCoin holders, including a total of 50 free nights,…
Keplr, the most popular wallet app in the Cosmos blockchain ecosystem, is adding support for Ethereum and Layer 2 blockchains, strengthening its position as a multi-layer wallet solution.Keplr, founded by Tony Yun and Josh Lee in 2021, has become the dominant wallet app on Cosmos, currently boasting over 1 million monthly active users. The latest integration is expected to allow users to view and manage their Ethereum-based assets directly within the Keplr interface.According to Lee, the integration of Keplr and Ethereum support is expected to reach a wider user base, especially those operating on Cosmos and chains that are based…