reporter Posted on: December 26, 2023 Ethereum’s expected leverage ratio has fallen. Combined with other indicators, the inference is that bullish certainty is declining. In a report last week, AMBCrypto highlighted that Ethereum (ETH) has underperformed Bitcoin (BTC) in recent weeks. AMBCrypto compared December performance and found that ETH was up 11.3% at press time, while BTC was up 14.8%. This meant that market participants had good reason to question short-term ETH holdings. AMBCrypto says evidence of this exists in the form of a decline in expected leverage ratios (ELRs). This indicator warrants close scrutiny and could shed light on…
Author: Crypto Flexs
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Ethereum price is consolidating gains below the $2,350 resistance zone. ETH may revisit the $2,200 support before starting a new increase. Ethereum still holds gains above the $2,250 support zone. The price is trading below $2,280 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a bearish trend line tying with resistance near $2,290. The decline could extend and revisit the $2,200 support zone. Ethereum price remains within a certain range Ethereum price began a downward correction at the $2,350 level. ETH fell below the $2,320 and $2,300 levels. It even surged below…
According to on-chain data, more than 70% of Ethereum supply has seen no movement in over a year, a new record for the network. Ethereum HODLers now control over 70% of the asset’s supply. According to data from market intelligence platforms: Into the BlockTotal supply owned by long-term ETH holders has reached a new all-time high. The analytics firm defines a “long-term holder” (LTH) as an address that has been holding coins for at least a year. Statistically, the longer a holder keeps their coins, the less likely they are to sell them at any point. Therefore, LTH is the…
LiNEAR Protocol recently launched its newest governance token, $LNR. The protocol also launched $bLiNEAR (Boost $LiNEAR), DeFi’s first staking derivative token. $LNR holders can now directly influence LiNEAR’s staking strategy. The token also grants you the power to set the staking pool percentage. Additionally, token holders will directly benefit from the growth of the LiNEAR protocol. In addition to this, Near’s liquid staking protocol was also released, powering $LiNEAR or $bLiNEAR. The token is designed to unlock near-refundable liquidity for improved returns and capital efficiency among LiNEAR protocol users. LiNEAR is one of the best and most liquid staking derivatives…
join us telegram A channel to stay up to date on breaking news coverage Cryptocurrency markets saw mixed intraday movements, with 14% of listed cryptocurrencies experiencing positive changes. The Pocket Network has emerged. top winner, which is a whopping 44.34% increase. Meanwhile, Moonriver recorded the highest decline of the day with a notable drop of -13.69%. Biggest Cryptocurrency Earners Today – Top List Zooming out to a one-year perspective, Injective was the most successful performer, boasting a significant gain of 3,173.86%. Especially within the 2022 limits, Injective continues its upward trend, posting a notable 3,217.00% surge since the beginning of…
Solana’s SOL has seen a notable surge in trading volume over the past weekend, surpassing Bitcoin and Ethereum combined. This surge signals a significant shift in trader interest, putting Solana at the top of the weekend cryptocurrency market. Solana trading volume increases The cryptocurrency landscape underwent a notable change over the weekend, with Solana trading activity surpassing Bitcoin and Ethereum on major centralized exchanges. Coinbase executive Conor Grogan was one of the first to notice this milestone on December 24, noting that Solana’s SOL had surpassed the total trading volume of Bitcoin and Ethereum, the two largest cryptocurrencies by…
History was made in 1997 when the IBM supercomputer Deep Blue defeated world chess champion Garry Kasparov. Mankind has had its greatest warriors, the Russians, who have been world champions for a record number of years. Garry wasn’t just a cool guy in his day, he was the greatest of all time. At the same time, during his reign, engineers worked hard to develop chess engines. They were confident that one day computers would beat even the greatest players in history. It was going to be the perfect fight. The best humans versus the best machines. Both humans and machines…
Nurtured through guidance from Coinbase, Base Network has achieved the milestone of exceeding $735 million in Total Value Locked (TVL), a remarkable achievement. Despite a slight slowdown in growth following the initial surge, the project has seen a 4% increase in TVL over the past week. Data shows that since its official launch in August 2023, Base Network’s TVL has surpassed the $600 million barrier, up significantly from $592 million at the end of November. Base Network, which implements an optimistic rollup framework, provides a variety of decentralized applications and maintains a daily transaction rate (TPS) of 3.45, with over…
In 2023, venture capitalists invested $10.7 billion in cryptocurrency and blockchain startups, a 68% decrease from the $33.3 billion invested in 2022.Most of these investments were made in the first half of the year, with a decline in the second half of the year. But funding increased in November. In particular, in 2023, the proportion of deals allocated to Pre-Seed, Seed, and Series A startups increased, while mid- and late-stage deals decreased compared to the previous year.In terms of verticals, NFTs/gaming, infrastructure, and web3 maintained their lead in terms of number of transactions, while other categories such as data, transactions,…
If you have ever dreamed of a blockchain that is as fun as riding a roller coaster, meet Injective (INJ). It’s not just a blockchain. It’s the cool kid in DeFi town: open, interoperable, and built for financial adventure. The blockchain is built and supported by a group of cryptocurrency ninjas, and it has become a good luck charm. Let’s dive in. What’s the scoop on injections? Injective is not an ordinary blockchain. I am a financial expert in the cryptocurrency world. Imagine yourself as a Layer-1 superhero powering the next generation of DeFi applications. We are talking about decentralized…