Tag: ETH

Plus Token Ponzi-linked wallet moves $2B ETH after 3.3 years of dormancy

coiner

Update (Aug. 8 at 1:48 am UTC): Lookonchain deleted the X post that is the subject of this article after analysts argued the X post was inaccurate as most of the funds had been sold in 2021. A new article covering that latest development can be found here. Hundreds of cryptocurrency wallets that have remained inactive for over three years have suddenly started shifting large amounts of Ether (ETH).According to onchain analyst Lookonchain, up to 789,533 ETH was linked to the Plus Token Ponzi scheme and has not been moved since April…

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BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

coiner

Key points: Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up. Several altcoins have bounced off their respective support levels, signaling a positive sentiment. Analysts expect Bitcoin to maintain its positive momentum and surge above $200,000 by the end of the year. Bitcoin (BTC) rose to a new all-time high on May 21 on easing macroeconomic fears and continued inflows into the US-based spot Bitcoin exchange-traded funds. Analysts expect the momentum to continue and Bitcoin to surge…

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BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

coiner

Key points: A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000. Ether continues to gain strength, which is being mirrored by many altcoins. Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that the price has held above the psychologically crucial $100,000 level, signaling that the bulls are hanging on to their positions as they anticipate another leg higher. Market intelligence firm Santiment highlighted in a post on…

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Price predictions 5/5: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

coiner

Key points: Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level. Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment.  Select altcoins have held their support levels, increasing the likelihood of a short-term up move. Bitcoin (BTC) slipped below the breakout level of $95,000 on May 4, indicating profit booking at higher levels. The bulls tried to push the price back above $95,000 on May 5 but are facing stiff resistance from the bears.  Glassnode senior…

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Price predictions 4/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, SUI

coiner

Key points: Bitcoin’s rally is backed by solid institutional buying in the spot BTC ETFs. A rally above the $95,000 level could be difficult, but analysts’ end-of-year price projections now extend to $200,000. Select altcoins are showing signs of a price bottom. Bitcoin (BTC) price rallied close to the $95,000 resistance level on April 23 as the cryptocurrency finds support from rising spot BTC ETF inflows and positive macroeconomic news in the United States. According to Farside Investors, the funds recorded net inflows of $381.3 million on April 21 and…

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Ethereum market share nears historic lows as ETH price risks falling to $1,100

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Ether’s (ETH) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100. Ethereum’s market dominance keeps falling On April 9, Ethereum’s market dominance, or the measure of Ether’s share of crypto’s overall market capitalization, hit a new multiyear low of 7.18%, according to Cointelegraph Markets Pro and TradingView data.  This value was merely a hair’s breadth above the all-time low of 7.09% reached in September 2019. “Ethereum dominance is so very close to registering new all-time lows,” said popular crypto analyst…

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

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Ether’s (ETH) declining appeal as an investment comes from layer-2’s draining value from the main network and a lack of community pushback on excessive token creation, a crypto venture capitalist says. “The #1 cause of this is greedy Eth L2s siphoning value from the L1 and the social consensus that excess token creation was A-OK,” Castle Island Ventures partner Nic Carter said in a March 28 X post. Ether “died by its own hand” “ETH was buried in an avalanche of its own tokens. Died by its own hand,” Carter…

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Price analysis 2/19: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, XLM, LTC

coiner

On Feb. 9, Bitcoin (BTC) briefly rallied above $96,500, but the general daily price action has been more of the same sideways range trading as traders await a catalyst to start a trending move. The longer the price remains in a range, the stronger the eventual breakout or breakdown from it. CryptoQuant CEO Ki Young Ju said in a post on X that Bitcoin would remain in a bull phase even with a 30% drop to $77,000, based on historical cyclical patterns. In a separate “Quicktake” blog post, CryptoQuant contributing…

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Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI

coiner

Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels. Research firm Santiment said in a post on X that wallets with 10 BTC or more have bought roughly 5,000 Bitcoin since March 3. The researchers added that if buying by the large players continues, the second half of March could be much better than the recent performance of Bitcoin. However, not everyone is bullish on Bitcoin in the near…

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BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LTC, LINK, AVAX

coiner

Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021. Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint…

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