Author: Crypto News Live
ETH has continued to decline on the charts Significant inflows to exchanges suggested many traders are selling off the altcoin Ethereum recently saw a notable drop during the last trading session, causing its price to fall below its crucial support levels. Breaking through these levels might be perceived as a bearish signal though, leading to panic selling. If traders holding ETH at these levels start to panic and sell off their holdings, it could exacerbate the decline, creating a downward spiral. Ethereum breaks below support levels An analysis of Ethereum’s price trend on the daily timeframe indicated a significant downtrend…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…
Ethereum’s network activity dropped over the last few months Price fell by 6%, but there may be chances of a trend reversal on the charts With the wider crypto-market continuing to remain bearish, Ethereum [ETH] witnessed yet another setback. The latest development came from the blockchain’s network activity, as a key metric hit a record low. Let’s have a look at what’s going on with the king of altcoins. A look at Ethereum’s network activity IntoTheBlock recently shared a tweet highlighting this crucial update. As per the tweet, Ethereum’s fees hit a 9-month low of $18.2 million. Additionally, the blockchain’s…
The Cryptonomist conducted an interview with Burnt Banksy, founder of NFT art project Burnt and core contributor to the XION L1 blockchain. Burnt Banksy is leading a mission to democratize web3 for the masses and make digital ownership accessible to all by removing unnecessary barriers and complications through crypto abstraction. After launching the XION Blockchain, Burnt Banksy and his team secured a $25M funding round – with the goal of “making crypto disappear.” Burnt Banksy provided us valuable insights into topics related to Web3 adoption, crypto abstraction, ecosystem interoperability, and why he and XION’s investors believe that XION is the…
ETH has seen large transfers over the last 24 hours Its Open Interest remained in the $14 billion range Recently, significant amounts of Ethereum were transferred from Genesis, adding to the substantial transfers made over the previous month. The aforementioned movement coincided with a price decline on the charts and yet, traders continue to remain positive. $127 million Ethereum moved Genesis, a prominent trading firm, has been in the spotlight recently due to significant Ethereum transactions originating from its wallets, as reported by Arkham Intelligence. The data revealed notable activity involving large sums of Ethereum being moved between addresses. Specifically,…
A recent CoinGecko survey reveals that 54.1% of crypto investors do not expect non-fungible tokens (NFTs) to return in the current market cycle. Only 19.4% of respondents expressed optimism about an NFT resurgence in the near term. Image: CoinGecko The survey, which gathered responses from 2,558 crypto participants, found that 29.5% strongly disagreed with the possibility of an NFT comeback, while 24.7% were less bearish but still skeptical. A neutral stance was taken by 26.4% of participants. Sentiment towards NFTs remained consistent across different crypto experience levels, with newcomers and veterans sharing similar views. However, builders and spectators showed more…
In July, the non-fungible token (NFT) market experienced a 36.6% drop in sales compared to June. Over the month, NFT sales reached $429.46 million, while the number of NFT buyers fell by 46.24% from the previous month. NFT Market Sees Continued Decline in July With Fewer Buyers and Sellers July marked the second consecutive month of declining NFT sales compared to the previous month. According to cryptoslam.io stats, Ethereum-based NFTs led the market in July with $134.3 million in sales, although this represented a 40.75% decrease from June. Solana NFTs also saw a drop, though a more modest 6.97%, totaling…
Ethereum’s daily active addresses have decreased to around 395,000. An address moved over 19,500 ETH to Binance in the last 48 hours. Ethereum [ETH] has experienced significant growth in its daily active addresses over the year, indicating increased use and engagement within its network. However, recent trends have showed a decline in these active addresses, suggesting a possible slowdown in activity. Alongside this decrease, there has been a noticeable shift in market dynamics, with sellers beginning to dominate trading activities. Ethereum’s volatile active addresses According to data from Glassnode, Ethereum’s daily active address metric has experienced a remarkable increase throughout…
NodeMonkes led the non-fungible token (NFT) sales chart on Thursday, with a sales performance of US$660,965. The collection attracted 70 unique buyers and 72 sellers while logging an average price of US$7,426 per NFT. NodeMonkes’ historic sales volume is now US$252.78 million, ranking it 26th in the all-time list. It stands less than US$3 million away from Vee Friends, the 25th collection on the list. NodeMonkes is the leading collection on Bitcoin. The second-ranking collection for the day was KenduChad, a newly launched collection on Ethereum that debuted with US$574,453 in sales from 349 unique buyers. DogeZuki Collection on Solana…
TL;DRIn Feb, DEXs were responsible for 4.6% of all crypto trading volume — today, it has risen to 7% (marking a 52% increase) — all thanks to improvements in UI, price, and optionality.Full StoryIn the long and winding list of ‘bad takes’ throughout tech history, Steve Ballmer’s reaction to the launch of the iPhone has gotta be top 10.(And we will die on this hill).“$500 fully subsidized with a plan?? I said that is the most expensive phone in the world!…and it doesn’t appeal to business customers because it doesn’t have a keyboard.“As we all now know — none of…
