Author: Crypto Flexs

Amid a decline in general cryptocurrency market prices last week, Ethereum (ETH) recorded a price correction of over 19.5% and found support at the local bottom at $3,100. Since then, the prominent altcoin has shown a slight resilient rise of over 5% in the last two days. However, recent data on wallet activity provides plenty of cause for optimism about Ethereum’s long-term future. Ethereum HODL increases supply dominance to 16%. In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive insights about the Ethereum market. Cryptocurrency market experts reported that cumulative Ethereum address balances surged by 60% from August…

DDB Miner can easily earn $4,000 every day by turning on the “Christmas Carnival Mode”.The season has finally arrived when shopping malls are crowded with customers who come to buy gifts. People are exchanging colorful Christmas cards and gifts. Streets and alleys are full of light and dazzling things. The elaborate and colorful Christmas decorations are dazzling. Familiar Christmas songs ring in your ears, and the atmosphere is warm and joyful everywhere. Families come together and share a delicious Christmas dinner. Children have sweet dreams and look forward to Santa Claus coming down from the sky with the gifts they…

STX (STX) is trading within a bullish channel with major support at $1.75. iDEGEN (IDGN) memecoin is captivating investors with its dynamic pre-sale pricing model. The price of IDGN is adjusted every 5 minutes based on market activity. Stacks (STX), a blockchain platform designed to bring smart contracts and decentralized applications to Bitcoin, has had a difficult week, experiencing a significant price drop for its token, STX. However, amidst this chaos, a new player in the cryptocurrency industry, iDEGEN, has emerged as an interesting opportunity for traders. While STX’s stock price is showing signs of recovery, iDEGEN’s innovative approach is…

Bitwise CIO Matt Hougan said institutional interest in altcoins will surge next year due to potential regulatory clarity and the rise of exchange-traded funds (ETFs). In a new interview with Bloomberg, Hougan said institutional funding is in the early stages of expanding into other cryptocurrency assets besides Bitcoin (BTC). Hougan predicts that 2025 will be the year that institutional investors begin to include more diversity in their cryptocurrency investment strategies, just as they do in other asset classes such as stocks and bonds. “You’re already seeing it expand in practice. For example, many people were worried about the Ethereum ETF,…

On-chain metrics show that exchanges experienced a significant outflow of ETC worth $22.85 million. The ETC long/short ratio indicates strong bullish sentiment among traders. ETC, the native token of Ethereum Classic, is making waves with an impressive rally following a recent notable price drop. Overall market sentiment, including major assets such as Bitcoin (BTC) and Ethereum (ETH), appears to be shifting toward a price recovery following significant declines. Bullish on-chain indicators for Ethereum Classic Amid this ongoing price recovery, ETC has surged over 22%, attracting long-term holders as the price recovery enters territory where the altcoin could easily gain upward…

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Tai Mo Shan, a subsidiary of Jump Crypto, agreed to a $123 million settlement with the U.S. Securities and Exchange Commission (SEC) on December 20, accusing it of misleading investors about the stability of its TerraUSD (UST) algorithmic stablecoin before its collapse. Agreed.According to the SEC, Tai Mo Shan entered into an agreement with Terraform to purchase Terra LUNA (LUNA) at a deeply discounted price in 2021. Tai Mo Shan then purchased approximately $20 million in UST to maintain the algorithmic stablecoin’s 1:1 peg with the US dollar. . SEC Chairman Gary Gensler said of UST’s collapse:“This impact has rippled…

introductionThe cryptocurrency market is no stranger to volatility, but for passionate investors, market declines can present a golden opportunity. One cryptocurrency currently receiving attention is Solana (SOL). Its Realized Value (MVRV) ratio is undervalued, indicating it could be a potential candidate for future growth. In this article, we’ll look at what the MVRV ratio means for Solana, how to understand its signals, and actionable strategies to navigate the market for potential profits.Understanding Solana’s MVRV and why it mattersThe Market Value to Realized Value (MVRV) ratio is an essential on-chain metric that helps traders and investors determine whether an asset is…

New data from market intelligence firm Santiment shows that one of the altcoins that has enjoyed huge returns this year is rife with whale activity. In a new thread on social media platform – It is one of the leaders in terms of whale activity. Santiment also said that during the recent cryptocurrency market crash, high-net-worth investors are making moves to accumulate 10 digital assets, including VIRTUAL. “Despite the sizable cryptocurrency correction this week, several altcoins are seeing very large whale trades, indicating potential dip buying.” Other notable altcoins on the list include stablecoin issuer Usual (USUAL) and stablecoin Usual…

reporter Posted on: December 22, 2024 XRP fell again after a slight bounce in the last trading session. Whales remained in accumulation mode despite falling prices. Ripple’s (XRP) recent price drop has caught the attention of large investors as on-chain data revealed significant whale accumulation. These developments, combined with a neutral MVRV rate and stabilization of key support levels, point to a potential bullish reversal for the token. Ripple whale accumulation in earnest The whale holdings distribution chart shows a steady increase in Ripple balances among large holders. An analysis of wallets holding between 1 and 100 million XRP showed…