Cryptocurrency insights firm Santiment says there are now three altcoins worth watching as historically bullish indicators start to flicker. Santiment informed his 188,000 followers on social media platform X that lending platform Aave, metaverse project Decentraland (MANA), and indexing protocol The Graph (GRT) were seeing significant shorting ratios on the world’s largest cryptocurrency exchange, Binance. Short-seller imbalances often result in short squeezes or sharp, volatile bounces that result in a cascade of liquidations of short positions. Santiment says: “Altcoins to watch as cryptos continue to enjoy a strong rally include Decentraland, The Graph, and Aave. All of these top 100…
Author: Crypto Flexs
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Layer 1 Blockchain apartment appropriate +2.52% Even in a lukewarm cryptocurrency market, it is showing signs of growth. But as with all things in the blockchain world, the devil is in the details and the data. Aptos recorded 5.4 million active monthly addresses last month, which is comparable to some existing chains. The platform also recorded a record high of 578 million user transactions last month, indicating a lot of activity within the ecosystem. Meanwhile, the APT token has shown resilience, with a small but positive gain of 4.9% over the past 12 months. This is no mean feat in…
An exciting development in the cryptocurrency market has caught the attention of many. The recent surge in major listings has led to an impressive rise in POL, while XRP has followed in the footsteps of Grayscale XRP Trust. Discover other alternative coins that could see explosive growth in the near future. Read on to find out which coins are likely to make the next big move in the cryptocurrency space.Paul (EX-MATIC)Formerly known as MATIC, POL is showing bullish momentum and is currently trading between $0.34 and $0.42 with a solid weekly gain of 15%. Despite a 60% decline over the…
contributor Posted: September 14, 2024 VELO could surge 81% on solid market sentiment and whale accumulation. Oversold RSI and narrowing Bollinger Bands suggest a possible price surge for VELO. VEIL It has been gaining traction in the market recently, with some analysts suggesting that the token could see significant upward momentum. analyze share Javon Marks, a cryptocurrency analyst at X (formerly Twitter), claims that VELO could rise 81% to $0.028876 thanks to the bullish market conditions. But does the data support this optimistic outlook? At the time of writing, VELO was trading at $0.01611, representing a daily gain of 8.94%,…
Bitcoin (BTC) has approached $60,000 since Wall Street opened on September 13, while gold has hit an all-time high against the U.S. dollar.BTC/USD 4-hour chart. Source: TradingViewBTC price rises towards key $60,000 markAccording to data from Cointelegraph Markets Pro and TradingView, BTC price action coincided with Bitstamp’s 10-day high.Bitcoin extended a recovery that began before the weekly open, as the release of U.S. macroeconomic data gave the market confidence that the Federal Reserve would ease policy at its interest rate meeting next week.U.S. stocks rose slightly on the day, while gold hit a record high against the U.S. dollar at…
The BNB (BNB) price rose 7% between September 11 and September 13, breaking $550 for the first time in two weeks. This move significantly outpaced the 2% gain seen across the broader altcoin market cap over the same period, indicating a specific dynamic related to the BNB chain and the Binance exchange.BNB/USD (right) vs. altcoin market cap (left). Source: TradingViewIn a broader sense, BNB has struggled to maintain levels above $600 for the past three months, but that has been enough to solidify its position as the third-largest cryptocurrency outside of stablecoins. The last time Solana (SOL) surpassed BNB was…
Legendary cryptocurrency analyst, Benjamin Cowen expressed confidence Ethereum (ETH)The world’s largest altcoin could soon surpass Bitcoin (BTC). This bullish outlook comes as both major cryptocurrencies significant price fluctuationsHowever, Cowen expects Ethereum’s current downtrend to end by the end of the year, setting the stage for a rebound. Ethereum on track to overtake Bitcoin Recently interview On the Bankless podcast, Cowen provided an in-depth analysis of the current state of the cryptocurrency market, highlighting Bitcoin. Ethereum price fluctuations Compared to previous bullish cycles, the analyst provided insight into Ethereum’s prospects and said the cryptocurrency Better than Bitcoin In the next rising…
Polymarket, a decentralized prediction platform, has amassed nearly $900 million in bets on the winner of the 2024 US presidential election. According to the platform, US Vice President and Democratic presidential candidate Kamala Harris is leading with a 50% win rate and over $127 million in bets. Republican presidential candidate Donald Trump is in second place with a 49% win rate and nearly $144 million in bets. The Block reported that Trump initially had a lead over Harris in the polymarket betting, but Harris overtook Trump on Aug. 12 when the market for a Trump winner was $572 million. In…
Polygon’s POL (formerly MATIC) has been on a tear over the past 24 hours. The rise of POL appears to be related to the major move on Binance. POL promises new income possibilities for its holders. Last year, Polygon’s native token MATIC underperformed the broader cryptocurrency market despite announcing an exciting new roadmap and several technological developments. However, the network’s fortunes may change after Polygon upgraded MATIC to POL. Over the past 24 hours, the asset has outperformed the overall crypto market, likely due to moves that appear to be related to the transfer from MATIC to POL on Binance.…
The BNB (BNB) price rose 7% between September 11 and September 13, breaking $550 for the first time in two weeks. This move significantly outpaced the 2% gain seen across the broader altcoin market cap over the same period, indicating a specific dynamic related to the BNB chain and the Binance exchange.BNB/USD (right) vs. altcoin market cap (left). Source: TradingViewIn a broader sense, BNB has struggled to maintain levels above $600 for the past three months, but that has been enough to solidify its position as the third-largest cryptocurrency outside of stablecoins. The last time Solana (SOL) surpassed BNB was…