New data shows deep-pocketed Ethereum (ETH) investors are waking up from a year of dormancy and selling off their crypto assets as the top altcoin loses momentum. According to blockchain data tracking company Lookonchain, the cryptocurrency whale is waking up from a 12-month slumber. sale ETH is hidden through a decentralized exchange platform (DEX). “Whales that have been dormant for a year are dumping ETH on DEX! So far, 18,865 ETH has been sold for 4 million DAI across 4 new wallets, with an average selling price of $2,229. And there are currently 5,588 ETH ($12.5 million) remaining.” Source: Lookonchain/X…
Author: Crypto Flexs
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Ryan Lee, senior analyst at Singapore exchange Bitget, has made some interesting Bitcoin price predictions for 2024. This prediction comes after BTC’s negative performance last week. Bitcoin will trade at $120,000 in 2024 – Ryan Lee Cryptocurrency data platform Brave New Coin shared Ryan Lee’s New Year Bitcoin outlook divided into three stages in an X post on December 17. In the short term, Lee expects the Bitcoin price to fluctuate between $32,000-$50,000 depending on the outcome of the approval of a spot ETF in the US. Currently, many cryptocurrency enthusiasts are very optimistic that the SEC has finally granted…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Despite Bitcoin (BTC)’s solid reputation, the upcoming fourth halving event has raised concerns among cryptocurrency investors about its impact on price volatility. This has sparked a shift towards new projects, with Cardano and Meme Moguls, currently in pre-sale stages, emerging as options. Experts are casting shade on the upcoming Bitcoin halving. Following recent optimistic market conditions, there is fear, uncertainty and doubt (FUD) about Bitcoin’s halving scheduled for April 2024. Historically, Bitcoin halving events have supported prices. However, the…
Illustration by Mitchell Preffer for DecryptAfter a week, BONK still holds the top spot. But the dog-themed Solana meme coin has spent another week dominating feverish discourse on Crypto Twitter after showing no signs of stopping its weeks-long monster streak. The coin is said to have risen 796% in the past month. CoinGecko.After rising again Best ever It surpassed its market cap this week. 1 billion dollars (Since yesterday, the coin’s market capitalization has already nearly doubled to $1.758 billion.) BONK is provided with the purchase of a Solana Saga smartphone. It’s worth more now than the price the phone…
The Fed cannot raise interest rates. However, the US dollar could potentially continue to suffer in deep waters. Most of these expectations stem from the fact that countries agree to trade among themselves without using their own U.S. currency. This creates an imbalance between the demand and supply of dollars. This therefore affects how it is valued in the market. Another factor taken into consideration is inflation. It will take a while for the Fed chair to be on the security radar as he signals that interest rates will remain stagnant at high levels for some time. As the Global…
In a brazen cyber heist, peer-to-peer trading platform NFT Trader has fallen victim to a sophisticated hack. This led to the theft of millions of dollars worth of high-value non-fungible tokens (NFTs). Among the digital assets stolen were rare tokens from popular collections such as Bored Ape, Mutant Ape Yacht Club, World of Women NFTs, VeeFriends, and Art Blocks. Hackers steal valuable NFTs. NFT Trader confirmed the attack, revealing that “old smart contracts” were the hackers’ entry point. The company advised users to revoke all permissions previously granted to these smart contracts. The attack reportedly stopped after NFT Trader updated…
Bitcoin (BTC) on-chain transaction fees are dividing opinions as BTC transfer costs skyrocket.As of December 17, the average transaction fee was nearly $40, according to data from statistics resource BitInfoCharts.Commentator: High Bitcoin Fees Are InevitableAlthough the latest Bitcoin Ordinals inscription has led to an increase in transaction fees for all network users, some believe that this will remain the same.According to BitInfoCharts, it currently costs just over $37 to send BTC on-chain. This is the highest average since April 2021.Bitcoin average on-chain transaction fees chart (screenshot). Source: BitInfoChartsAdditional figures from Mempool.space show that Bitcoin’s mempool, the size of the backlog…
reporter Posted on: December 17, 2023 ETH has fallen more than 5% over the past seven days. Market indicators continued to be bearish for the king of altcoins as trading volumes declined. Last week’s price was Ethereum (ETH) submerged. However, the whales took the opportunity to accumulate more ETH. Does this mean a market bottom, and could this cause ETH to behave differently in the coming weeks? Ethereum: The whale is on the move CoinMarketCap’s data It was revealed that the price of Ethereum has fallen by more than 5% in the past seven days alone. At the time of…
As I delve deeper into the realm of Bitcoin and the Lightning Network, I am consistently struck by the potential benefits it holds for humanity. The realization of how inefficient and broken our societal structures are due to the limitations of fiat currency becomes increasingly apparent to everyone. While the spotlight often shines on the monetary aspects of Bitcoin, my exploration into the Lightning Network, spurred by my work at Breez and our company’s visionary goals, has unveiled an aspect that remains largely unspoken. This hidden gem promises significant benefits for humanity, yet it requires the careful alignment of various…
LNDX token surges 190% in weekend trading – Chainwire housenewsroomLNDX token surges 190% in weekend trading We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate purpose of…