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#ethereum #crypto #eth #ether #technical analysis #altcoin #funding rates #cryptocurrency #on-chain analysis #ethusdt #ethereum news

According to a recent CryptoQuant Quicktake post by on-chain analyst BorisVest, Ethereum (ETH) appears to be stuck in a state of limbo. While retail investors are increasingly sending ETH to exchanges such as Binance – typically a sign of selling pressure – large investors are steadily withdrawing ETH from these platforms, indicating accumulation and long-term confidence. Ethereum Stuck In A Tug-Of-War As ETH inches closer to the $2,000 mark for the first time since March 27, market sentiment appears to be shifting. Optimism is building around the potential for a trend reversal, but on-chain data continues to deliver mixed signals regarding Ethereum’s short- to medium-term direction. Related Reading: Ethereum Holders Stay Committed Despite Unrealized Losses – Signs Of An Incoming Rally? In his analysis, BorisVest highlighted that Ethereum metrics from Binance are sending ‘mixed signals.’ While short-term indicators reveal underlying weakness and investor indecision, longer-term metrics point to resilience and strength. Notably, mean exchange inflows have increased significantly since late 2024, suggesting growing sell pressure from retail traders. This pattern resembles the behavior seen during 2022–2023, when a surge in ETH deposits to exchanges preceded a steep price decline. Similarly, mean exchange outflows have also been rising steadily since October 2023. However, these outflows are largely linked to whale wallets – addresses holding large amounts of ETH – implying that high-net-worth individuals are accumulating rather than selling. This divergence highlights a classic tug-of-war between retail fear and institutional confidence. The analyst also pointed to funding rate trends. He noted that during ETH’s rally to $4,000 in early 2025, funding rates became overly positive as bullish sentiment took hold. This over-leveraged long positioning resulted in a sharp correction, driving ETH’s price down to $1,400 by April. At present, funding rates are hovering in neutral territory, indicating a lack of clear leverage bias. BorisVest noted that if short interest rises and funding rates fall below zero, a short squeeze could ensue – potentially driving prices higher. However, no such setup has formed yet. Meanwhile, the taker buy/sell ratio, which tracks aggressive market orders, showed heavy selling pressure in late 2024 and early 2025 – right before Ethereum’s steep decline. This ratio is now stabilizing, suggesting that sellers may be exhausted and buyers are gradually regaining strength. Change Of Fortunes For ETH? Although ETH is down 34.3% over the past year, several technical and on-chain indicators point toward a potential bullish trend reversal for the second-largest cryptocurrency by market cap. Related Reading: Ethereum Capitulation Nearing Its End? Key On-Chain Metric Reveals Insights For instance, Ethereum recently flashed a golden cross on the daily chart, a bullish indicator that typically leads to major upward moves. Further, there are signs that the cryptocurrency may have already bottomed out for this market cycle.  That said, uncertainty remains. Recently, machine learning algorithm CoinCodex predicted that ETH may witness another crash that may push its price down to $1,500. At press time, ETH trades at $1,966, up 7.8% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant and TradingView.com

#ethereum #crypto #eth #altcoin #crypto market #ethusdt #ethereum market

Ethereum has seen renewed upward momentum over the past week, aligning with the broader recovery across the cryptocurrency market. At the time of writing, ETH is trading at $1,989, having climbed 6.4% over the past seven days and registering a 6.7% increase in the last 24 hours. This rebound comes after a period of relative stagnation and appears to be supported by notable on-chain and market developments that point toward growing investor interest and liquidity activity. Recent insights from CryptoQuant analysts suggest that a confluence of exchange outflows and large stablecoin minting may be playing a role in Ethereum’s current trajectory. Related Reading: Ethereum Staking Surges Post-Pectra—Is a Bullish Breakout Brewing? Institutional Signals: Binance Outflows and Stablecoin Activity According to analyst Amr Taha, more than 85,000 ETH were withdrawn from Binance in the hours leading up to ETH’s surge above the $1,900 level. This level of outflow is one of the most significant in recent months and tends to indicate reduced sell-side liquidity. When large amounts of ETH leave exchanges, it typically reflects investor intent to hold or deploy assets elsewhere, decreasing available supply for immediate sale and potentially setting the stage for upward price movements. Taha also highlighted that on May 7, Tether Treasury minted $1 billion in USDT on the TRON blockchain. Such events often precede capital deployment into the crypto market, especially from institutional or over-the-counter (OTC) entities. While the minted USDT does not necessarily enter ETH directly, the timing, coinciding with the ETH price breakout, suggests a strong possibility that some of this liquidity found its way into Ethereum or related trading pairs. These movements combined point to a bullish setup, with reduced exchange reserves and increased capital inflows forming favorable conditions for continued price appreciation. Ethereum Liquidity and Exchange Behavior May Shape Short-Term Trajectory Adding to this narrative, CryptoQuant analyst Darkfost noted a sharp uptick in stablecoin inflows to Binance, with May 6 marking the highest single-day inflow since April. Stablecoins like USDT and USDC are frequently used as a gateway for crypto trading, and inflows to exchanges often suggest that investors are preparing to make purchases. This pattern is often observed at the onset of market rallies, as capital parked in stablecoins gets reallocated into more volatile assets such as ETH and BTC. Related Reading: Ethereum To ‘Witness Big Breakout’ In The Next Two Weeks If This Level Holds Darkfost explained that Binance currently holds the largest stablecoin reserves among all major centralized exchanges. Since November 2024, the trend in reserves has steadily increased, highlighting the exchange’s central role in market activity. A large reserve base signals growing user activity and amplifies the potential impact of new capital entering the market. As this liquidity is gradually deployed, it may act as a catalyst for further price movements across major assets. Featured image created with DALL-E, Chart from TradingView

#crypto #binance #meme coins #altcoin #cryptocurrency market news #pi network #pi #pi coin

Something strange has raised the eyebrows of the Pi Network community this week. A wallet associated with Binance’s Stellar deposits, which had already been used in Pi Coin transactions, has exhibited fresh activity. That was enough to ignite rumors that Binance might be quietly gearing up for a Pi Chain integration or even a future listing of $PI. Related Reading: Tether’s $1 Billion Mint Powers Tron — Is A Breakout Brewing? No official announcement has been made by Binance. But according to what blockchain monitors have observed, a number of small test-like transactions have been passed through the same wallet that was responsible for processing previous Pi-connected movements. The timing is what actually made people speculate. Is $PI finally coming to Binance? The Binance stellar deposit wallet which is the same as their $PI wallet has started testing transactions on the $PI chain. The wallet (GABFQIK63R2NETJM7T673EAMZN4RJLLGP3OFUEJU5SZVTGWUKULZJNL6) is testing the transactions. #PiNetwork pic.twitter.com/2lUqPy5Ivi — MOON JEFF ???? (@CRYPTOAD00) May 7, 2025 Ecosystem Update Set The wallet activity precedes, by just days, an upcoming Pi Network update. On May 14, the Pi Core Team will consider and perhaps approve a number of third-party apps to list on its ecosystem. It is one of the steps being taken towards integrating more use cases within the network, particularly following the release of its open mainnet in February. A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next! pic.twitter.com/5jn7m5mlmD — Pi Network (@PiCoreTeam) May 7, 2025 That launch was a watershed moment for Pi, which now boasts more than 60 million users globally. Nevertheless, the project continues to need to resolve important concerns such as inadequate smart contract functionality, slow transaction speeds, and stringent liquidity constraints. Those vulnerabilities have rendered it difficult for Pi to garner meaningful developer attention for creating apps and services. Pi Price Remains Stable PI coin has been having a decent performance of late. The coin sustained a solid run in the last seven days with a 2% increase, data from Coingecko shows. The ongoing rumors of a Binance listing may lift the coin price up further, or it could go sideways. Related Reading: Bitcoin Rebounds After Sharp Drop As Whales Fuel Push Toward $100K Binance Silence Keeps Market Guessing While some in the crypto community are optimistic, others are standing by. Binance has said nothing about Pi Coin. That has not deterred online whispers, but it certainly leaves a great many questions unasked. There is no evidence that Binance is looking to list Pi Coin – at least when this report was made – and the wallet movement could prove to be a coincidence. Eyes On Binance And Pi Network Ahead Of Key Date Meanwhile, the Pi community stands by for fresh scoop. May 14 might usher in significant changes. If the Binance wallet activity is the tip of a larger iceberg, and if PI does indeed get listed, that would shift the course of the project. Featured image from Gemini Imagen, chart from TradingView

#xrp #altcoin #xrp price #coinmarketcap #xrp news #xrpusd #xrpusdt #ali martinez #td sequential #consolidation phase #casitrades #arshevelev

Crypto analyst ArShevelev has raised the possibility of history repeating itself for the XRP price. If so, the analyst indicated that the altcoin could witness a 2017-like rally, which would send its price to double digits.  XRP Price To Reach $10 If History Repeats Itself In a TradingView post, ArShevelev predicted that the XRP price could reach as high as $10 if history repeats itself. He remarked that the current XRP chart screams “déjà vu” with the altcoin’s price action mirroring the 2014 to 2018 cycle. The analyst noted that XRP broke out from its 2014 all-time high (ATH) in 2017, leading to a massive rally. Related Reading: XRP Price Is Eyeing Another Breakout To $4: Analyst Says Watch This Level A similar setup is playing out for the XRP price, but with a twist. ArShevelev stated that XRP is struggling to break through the 2018 ATH resistance zone around $3.31, which he claimed reminded him of the breakout consolidation phase in 2017. The analyst added that this consolidation has historically led to a breakout, and the chart hints at a potential repeat. He affirmed that the price could witness a parabolic move if it breaks out soon, potentially targeting much higher levels. However, the analyst warned that the current resistance is a tough hurdle, and XRP might pull back to lower supports if it fails. ArShevelev also provided key levels to watch out for.  He highlighted $3.31 as the major resistance while $1.643 is the major support. The breakdown risk is $0.650, meaning the XRP price could still drop to last year’s lows. The analyst admitted that he isn’t fully convinced about the setup but considers it intriguing. He added that this could be XRP’s moment to shine.  The Altcoin Needs To Break Out Of Its Current Range Crypto analyst Ali Martinez recently highlighted the need for the XRP price to break out of its current range. In an X post, he stated that the key levels to watch are $2 and $2.26. The analyst added that a decisive close outside this range could set the tone for the next major trend.  Related Reading: XRP Price Breaks Above ‘Magic Line’ With Bullish Continuation Toward $3 Martinez looks to be favoring a downtrend for the altcoin’s price in the short term. In another post, he stated that XRP could be due for a retracement, with the TD Sequential flashing a sell signal on the 3-day chart.  Crypto analyst CasiTrades also didn’t rule out a possible correction for the XRP price. However, she claimed the altcoin could bounce off key supports to new highs, noting that momentum was building. She revealed that the RSI is showing signs of selling exhaustion on the lower timeframes, and the price action is beginning to compress. This often signals a bigger move is on the horizon.  At the time of writing, the XRP price is trading at around $2.17, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

#ethereum #crypto #eth #altcoin #crypto market #cryptoquant #ethusdt

Ethereum’s price has seen a moderate recovery over the past week, tracking closely with the broader crypto market’s positive momentum. At the time of writing, ETH is trading at $1,820, reflecting a 3.3% increase over the last seven days and a 2.5% gain in the past 24 hours. While the asset remains well below its all-time highs, this gradual rise suggests a potential shift in sentiment among investors. The latest on-chain insights from CryptoQuant point to a notable trend developing within Ethereum’s staking ecosystem. Related Reading: Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A Rally Imminent? Post-Pectra Staking Activity Marks Sentiment Shift According to analyst Kripto Mevsimi, the post-Pectra upgrade period has been marked by a reversal in staking flows. After a brief pullback ahead of the network update, ETH holders appear to be returning to staking, with fresh inflows suggesting renewed interest and confidence in Ethereum’s long-term direction. Mevsimi’s analysis shows that between November 16 and February 15, before the Pectra upgrade was publicly announced, Ethereum’s total staked supply dropped by over 1 million ETH. This retreat likely reflected investor uncertainty surrounding the update and broader market conditions. However, from mid-February to mid-May, staked ETH has increased by approximately 627,000 ETH, signaling a return of staking activity following Pectra’s implementation. The upgrade itself introduced important validator improvements and flexibility enhancements, including EIP-7002, which some analysts believe may pave the way for institutional adoption or potential ETF alignment. The renewed staking trend, while not yet dramatic in scale, appears to indicate an early phase of repositioning within the Ethereum ecosystem. Mevsimi suggests that this could mark the beginning of institutional preparation or a broader reassessment of Ethereum’s staking value proposition. With regulatory clarity still developing and macroeconomic uncertainty in play, the future of this trend remains fluid. However, the behavioral pivot post-upgrade may reflect strengthening structural support for Ethereum as a network. Ethereum Fee Revenue Declines Despite Price Recovery While staking metrics suggest a shift toward renewed engagement, Ethereum’s on-chain activity presents a more cautious picture. In a separate update, CryptoQuant analyst Carmelo Alemán highlighted a steep drop in the network’s fee revenue. Data from the Ethereum: fees (Total) metric reveals that daily fees have plummeted from 5,646 ETH on November 13, 2024, to just 292 ETH by May 6, 2025—a 94.82% decline. This dramatic reduction in fee generation impacts validators directly, as it lowers rewards tied to securing the network. Alemán notes that the decline may also be linked to reduced demand for block space, fewer transactions, or increasing user migration to Layer 2 platforms such as Arbitrum, Optimism, or zkSync, where fees are typically much lower. Related Reading: Ethereum Spot Volume Declines While Long-Term Holders Continue Accumulating The contrast between rising staking activity and declining fee revenue highlights a complex environment in which investors appear confident in Ethereum’s long-term potential despite a near-term slowdown in on-chain engagement. Featured image created with DALL-E, Chart from TradingView

#bitcoin #crypto #ripple #xrp #altcoin #altcoins #memecoins #xrpusd

XRP has been resting at the $2 level, but indications of movement are increasing. One crypto analyst by the name of “J4b1” recently stated that purchasing XRP at $2.20 is not too late. In fact, he thinks that it may be the perfect time, just before things change dramatically. His assertions are founded on historical price action, Ripple’s current strategy, and what institutions may do next. Related Reading: Bitcoin Mining Giant Abandons Full-Hold Strategy, Unloads $40M In Crypto XRP Price Kept Stable By Ripple’s Monthly Activity Ripple’s dominance over XRP’s supply is an important aspect of J4b1’s argument. Every month, the firm releases 1 billion XRP from escrow but sells only a fraction of it. The remaining amount is put back into escrow. These sales tend to occur via over-the-counter (OTC) channels rather than open markets. In the analyst’s view, this practice prevents Ripple from experiencing sharp price fluctuations. Is XRP about to explode or already overpriced? Is buying at $2.20 smart or is it too late? Let’s break it down with data, historical context, and Ripple’s price control strategy. ???????? pic.twitter.com/UHvbYD4GJl — J4b1 (@XRPJ4b1) May 4, 2025 He used an example: if Ripple wants to transfer $200 million using 100 million XRP, every coin will have to be worth $2. If the price rises too rapidly, Ripple can sell more. If it falls too far, they may buy some back. This strategy could be one of the reasons why XRP has not broken through the $2.20 barrier. Institutional Demand Could Change Everything J4b1 mentioned a few things that could drive XRP up. He cited possible regulatory clarity from a new US administration that could be more crypto-friendly. He also talked about the possibility of an XRP spot ETF and the growth of tokenized assets on the XRP Ledger. The analyst believes that if institutions begin accumulating in large quantities, Ripple’s current approach may not be sufficient to contain the price. If demand outstrips the supply Ripple has, the price may surge. XRP market cap currently at $125 billion. Chart: TradingView.com XRP’s History Holds Clues XRP’s journey began in 2012, when it was worth less than a penny. It picked up pace over the years as Ripple sold it to banks as a means of making cross-border payments faster and cheaper. That momentum took XRP to a high of $3.80 in the 2017 bull run. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges But everything changed when regulators stepped in. In 2015, Ripple was fined by FinCEN. Then, in 2020, the SEC lawsuit struck, slowing down XRP’s adoption and keeping the price under control. Nevertheless, Ripple continued to build, acquiring companies like Metaco and obtaining licenses across the globe. Whale Wallets Are Growing Rapidly Meanwhile, as XRP’s price remains stagnant, the large holders are filling up. According to recent statistics, there are now more than 300,000 addresses holding a minimum of 10,000 XRP. That’s an increase from around 281,000 as of December 2024. Whale wallets continue to rise even though the price remains largely flat around $2.20. That type of buildup tends to indicate a sense that prices may rise further in the future. It’s occurring as global uncertainty increases, which may be encouraging investors to get ready for the next major move. For the time being, XRP traders are paying close attention. A quick move on the upside may not be far away. Featured image from Gemini Imagen, chart from TradingView

#tether #crypto #stablecoin #tron #justin sun #altcoin #trx #cryptocurrency market news

Tron (TRX) is retaining its position after a tumultuous weekend in the general crypto space. The token remains close to $0.24, recording a negligible decline of only 0.91% over the last day. Even as there is tame price action, analysts are in close observation looking for indications of a potential breakout, with $0.40 now making an appearance. Related Reading: Bitcoin Set To Gain Over $300 Billion From Companies In Next 5 Years, Analysts Say Price Stuck Between Major Levels TRX has been consolidating between $0.21 and $0.2551. The sideways price action has gone on for several weeks, after plummeting from $0.45 all the way to $0.21 at the end of last year. The token appears to be steadying since the fall. At present, the buyers are exhibiting resilience at the $0.24 mark, which coincides with the 50-day Exponential Moving Average (EMA). Three of the significant EMAs — the 50-day, 100-day, and 200-day — are also in a bullish alignment, which further supports the notion that the token could be positioning for a powerful move upward. The longer TRX remains above these support lines, the greater the odds are that it will break out of this range. Tether minted an additional 1B $USDT on Tron ~4 hours ago! Since April 28 (8 days ago), #Tether has minted 4B $USDT on both #Ethereum and #Tron. Follow @spotonchain for more updates now! https://t.co/SeKwCj1byN pic.twitter.com/xxPA6IosmB — Spot On Chain (@spotonchain) May 6, 2025 Momentum Indicators Suggest Increasing Strength From a technical perspective, the Moving Average Convergence Divergence (MACD) is indicating a possible change. The MACD and signal line are moving close to each other in the positive area. This typically indicates increasing momentum. If purchase volume sets in, analysts predict TRX will breach the $0.2551 ceiling and move towards $0.28, which is where the 23.6% level lies on a trend-based Fibonacci retracement. If things continue to build steam from there, TRX will move as high as the 50% Fibonacci level at $0.39 — just below the much-hyped $0.40 level. 1 Billion USDT Minted On Tron Support for the bullish argument is also emerging from within the Tron ecosystem. Tether has created a further $1 billion USDT on the Tron blockchain. Tether has created 4 billion USDT on Ethereum and Tron combined since April 28. TRX price up in the last week. Source: Coingecko New minting of USDT tends to indicate increased market activity. As these tokens are utilized for trading, swapping, and transferring capital, additional USDT on Tron might translate to greater demand for TRX. It’s not certain, but it is a sign to consider. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Chain revenue:????$SOL 41.72%$TRX 24.56$ETH 16.4%$BTC 7.4% pic.twitter.com/kvVcvpkJT8 — Ted (@TedPillows) May 5, 2025 Tron Activity Surpasses Ethereum In Revenue According to statistics reported by analyst Ted Pillows, Tron’s portion of the overall network economic value is nearly 25%. Solana alone is also nearing 42%. Yet in a surprising turn, Tron’s revenue chain is now higher than Ethereum‘s at 16% of total network revenue. According to TronScan, the number of total accounts on the network is also growing. As of now, there are more than 304 million accounts. The total value locked (TVL) across Tron’s platforms has crossed the $20 billion mark. Whether TRX reaches $0.40 anytime soon will have something to do with how it acts around the $0.25 resistance level. At the moment, price action, technical indications, and ecosystem activity all appear to be pointing in the same direction. Featured image from Gemini Imagen, chart from TradingView

#crypto #usdt #tron #altcoin #trx #crypto market #cryptoquant #tronusdt

TRON’s native token, TRX, has reflected the broader market’s recent sluggishness, with minimal movement over the past weeks. The token recorded a marginal 0.2% decline over the last seven days and is currently trading at approximately $0.2451, showing a 1.8% decrease in the last 24 hours. Despite this muted price activity, TRON’s network fundamentals suggest underlying stability and continued operational efficiency. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone TRON Super Representative Signals Active Governance According to recent insights from CryptoQuant’s research team, TRON’s blockchain infrastructure has consistently produced 99.7% of its expected 28,800 blocks per day, demonstrating strong reliability. This performance contrasts with earlier years, particularly 2020 to 2021, when block production experienced greater volatility. The team attributes this improvement to the effectiveness of TRON’s Super Representative (SR) system and the maturation of its delegated proof-of-stake (DPoS) consensus mechanism. The report further highlights that the number of SRs has remained relatively stable, with 30 different SRs contributing in 2025 so far.  Of these, 24 SRs were responsible for just over 3.7% of total block production. Comparatively, there were 34 active SRs during the same period in 2020, with a similar share of block production.  However, the composition of these SRs has changed significantly. Roughly 68% of the SRs active in 2020 are no longer producing blocks today, replaced by newer participants. This dynamic rotation of block producers reflects decentralization and ongoing community participation in TRON’s governance structure. $1B in USDT Minted as Network Sees Increased Institutional Demand Alongside its stable network performance, TRON recently witnessed a major liquidity event. On May 5, 2025, Tether Treasury minted $1 billion worth of USDT on the TRON blockchain, continuing a pattern of large-scale stablecoin issuance on the network. CryptoQuant analyst Amr Taha emphasized that these mints are not speculative but are backed by verified fiat deposits, typically from large-scale investment funds or over-the-counter (OTC) trading desks. The influx suggests significant institutional interest, with funds likely earmarked for crypto market activity. Related Reading: TRON Accumulation Phase Detected—Major Price Surge Coming Taha explained that TRON’s appeal lies in its cost-effective and fast transaction capabilities. These attributes make it an ideal network for executing large USDT transfers efficiently, especially in use cases like cross-border remittances, high-frequency trading, and arbitrage. The analyst also noted that TRON-based USDT is particularly popular in Asia, where access to traditional financial rails can be limited. As such, the $1 billion mint highlights TRON’s growing role as a hub for global crypto liquidity. Featured image created with DALL-E, Chart from TradingView

#ethereum #crypto #eth #altcoin #crypto market #cryptoquant #ethusdt

Ethereum (ETH) seems to have extended its period of price stagnation, trading at $1,770 at the time of writing. The asset has dropped by 3% over the past week and 1.6% in the past 24 hours, continuing its broader corrective trend after reaching a cycle high of $4,107 in December 2024. Although price movement has been limited, on-chain data suggests that certain underlying shifts could influence market behavior in the near term. Related Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? Ethereum Sees Plunge In Spot Volume CryptoQuant analyst Darkfost has reported that Ethereum’s spot volume is experiencing a consistent decline. His analysis focuses on a bubble chart that visualizes two dimensions: the size of each bubble represents spot volume, and its color indicates the volume change rate. According to the data, the bubbles have become progressively smaller and lighter in color, indicating that fewer trades are being conducted and that the pace of decline in volume is slowing. While declining spot volume may traditionally be viewed as a sign of reduced investor interest or weak momentum, Darkfost interprets it differently in the context of a market correction. He suggests that a decline in spot volume during a downtrend can act as a stabilizing force, potentially reducing the likelihood of sharp volatility spikes caused by large sell orders. Lower volume during a corrective phase could mean that sellers are exhausting their positions or stepping aside, creating conditions for price consolidation. This can ease the intensity of downward pressure and potentially pave the way for a more balanced market structure in the short term. However, Darkfost was cautious in his interpretation, noting that cooling volume doesn’t necessarily mean the market has bottomed out. Instead, it could simply mark a temporary pause in volatility before the next move. Long-Term Holders Increase Exposure Despite Unrealized Losses Meanwhile, in a separate update, CryptoQuant analyst Carmelo Alemán explored Ethereum’s long-term holder behavior and revealed that many ETH investors continue to accumulate, even while sitting in unrealized losses. Accumulation addresses, defined as wallets that consistently receive ETH without significant selling, are generally seen as strong hands with longer investment horizons. According to Alemán, March 10 marked a pivotal moment when the average realized price of accumulation addresses fell below ETH’s market price, pushing these wallets into negative territory. Related Reading: Ethereum Holders Stay Committed Despite Unrealized Losses – Signs Of An Incoming Rally? Despite this, the data shows that accumulating addresses have increased their balances by over 22% between March and early May, growing from 15.5 million ETH to 19 million ETH. This behavior reflects strong conviction and suggests that long-term holders believe Ethereum is undervalued at current prices. Historically, such accumulation during downturns has preceded upward price movements, as reduced supply on the market creates favorable conditions for a rally when demand returns. Featured image created with DALL-E, Chart from TradingView

#ethereum #eth #ether #altcoin #digital asset #cryptocurrency #on-chain analysis #ethusdt #ethereum news #ethereum accumulation address #mvrv z score

According to a recent X post by crypto trader Coinvo, Ethereum (ETH) is ‘insanely undervalued’ at its current price. Several on-chain metrics appear to support Coinvo’s assessment, as ETH accumulation addresses continue to stack the digital asset despite lackluster price performance over the past few years. Ethereum May Be Due A Rally Soon Although ETH has risen 8% over the past two weeks, it remains down 43% over the past year, trading around $1,700 at the time of writing. From its all-time high (ATH), Ethereum is down 63.6%, in stark contrast to Bitcoin (BTC), which is trading just 13.7% below its ATH. Related Reading: Ethereum Capitulation Nearing Its End? Key On-Chain Metric Reveals Insights Ethereum’s relatively poor performance compared to other major cryptocurrencies has raised questions about its long-term outlook. While Bitcoin benefits from its first-mover advantage and broader institutional adoption, Ethereum faces increasing competition from rival smart contract platforms like Solana (SOL), SUI, and Polkadot (DOT). Despite prevailing negative sentiment, some analysts believe ETH could be on the verge of a turnaround. Coinvo, for instance, claims that Ethereum is significantly undervalued and could be poised for a massive rally. The trader shared the following chart leveraging the Market Value to Realized Value (MVRV) Z-score – a metric used to identify potential market tops and bottoms. According to the chart, Ethereum’s MVRV Z-score has now entered the green zone – between 0 and -1 – a range that historically signals a market bottom and possible trend reversal. Meanwhile, inflows into Ethereum accumulation addresses have surged to historic highs. In an X post, analyst CryptoGoos shared a chart showing record ETH inflows into these addresses in 2025. ​​High inflows to accumulation addresses indicate that long-term investors are actively buying and holding ETH, even during market downturns. This behavior often reflects growing confidence in Ethereum’s future value and suggests a potential bullish sentiment building beneath the surface. In a separate post, CryptoGoos also highlighted that Ethereum’s exchange reserves are at a multi-year low. Diminishing reserves on exchanges point to reduced selling pressure and a tightening supply, which could strengthen ETH’s scarcity narrative and drive prices higher in the near term. ETH Holders Not ‘Bullish Enough’ Noted analyst Crypto Rover drew parallels between ETH’s current price action and BTC’s 2021 trajectory. According to the analyst, if Ethereum mirrors Bitcoin’s past performance, it may be on track to reach a new ATH in the coming months. Related Reading: Ethereum Holders Stay Committed Despite Unrealized Losses – Signs Of An Incoming Rally? That said, concerns remain around further decline in ETH’s price if the global macroeconomic situation worsens amid the US President Donald Trump’s looming reciprocal trade tariffs. At press time, ETH trades at $1,754, down 2.1% in the past 24 hours. Featured image created with Unsplash, charts from X and TradingView.com

#bitcoin #crypto #shiba inu #meme coins #altcoin #altcoins #shib

Shiba Inu (SHIB) might have its price increase more than fivefold from where it is now, based on recent market analysis. The meme coin trades at $0.0000125, down 3% from its daily high and 9% within the last seven days. In spite of these latest plunges, an analyst is optimistic about SHIB’s prospects. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Price Target Suggests Whopping Gains Ahead Technical analyst Javon Marks reaffirms his earlier projection that Shiba Inu will most probably reach $0.000081 during the current cycle in the market. This goal is up 500% from the current price. Marks mentions SHIB’s bull run to $0.000033 in December 2024. Then, the price drops back to $0.000010, which according to the analyst, is “expected” and part of a healthy correction process. The token settled above $0.00002 as of the close in 2024, something Marks considers as validation of his technical perspective. Present price levels at $0.00001290 now are what he terms a base for the anticipated higher move. We maintain our $0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA — JAVON⚡️MARKS (@JavonTM1) May 3, 2025 Technical Indications Suggest Hidden Bullish Divergence As per market reports, the chart of SHIB shows a trend called hidden bullish divergence. This occurs when prices create higher lows but technical indicators such as RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) give lower lows. Marks infers this pattern is indicative of increasing buying pressure hidden beneath, contrary to apparent weakness in near-term momentum measures. The token remains above such key levels of support while also establishing higher price lows, adding to its technical strength. Buyers and sellers wait for a break from the sideways pattern of recent trading, something that may force prices upward when volume increases. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Long-Term Holders Keep Growing Meanwhile, latest data indicates growth in SHIB investors with over one year holding the same. The segment has consistently increased since mid-2022 and continued to grow through early 2025. Long-term holders grew during both price appreciation and depreciation, indicating steady accumulation during any market condition. An expanded foundation of long-term holders normally tames selling pressures, assisting with price support as well as other important support areas. The size of short-term traders (lesser than a month’s holders) declined by 35%. Holders with intermediate terms have risen by 3%. This change demonstrates deceleration towards short investment programs. Featured image from Unsplash, chart from TradingView

#binance #ripple #xrp #altcoin #xrp price #xrp etf #coinmarketcap #xrp news #xrpusd #xrpusdt #ali martinez #dark defender #us sec #binance futures #xrp ecosystem

A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase.  XRP Whales On The Rise  In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem.  Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem.  Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price.  Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset.  In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish.  What’s Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit.  Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on.  At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

#crypto #tron #altcoin #crypto market #cryptoquant #trxusdt

Despite ongoing consolidation across the broader crypto market, Tron (TRX) has managed to maintain a steady upward trajectory. The token has recorded a 2.6% increase over the past two weeks and is currently trading at $0.2495, reflecting a 0.7% uptick in the last 24 hours. This relative strength comes at a time when several major altcoins are experiencing muted price action. Tron’s stability amid broader volatility has drawn the attention of market participants analyzing on-chain dynamics for insight into potential future moves. Related Reading: Tron And Bitcoin: Will A Block Reward Cut Boost TRX Price? Tron On-Chain Trends Suggest Network Consolidation According to a recent analysis by CryptoQuant contributor BorisVest, the Tron network is currently signaling an accumulation phase. In a report titled “Tron Network Signals Accumulation Phase Amid Decreased Activity,” the analyst outlines a number of on-chain indicators that support this conclusion. Most notably, the number of new wallets and transaction fees on the network has declined, pointing to a cooldown in network activity. However, rather than indicating weakness, BorisVest interprets this as a pause in active participation as the network consolidates. BorisVest notes that the Tron network experienced a spike in complex transactions and gas usage during its recent highs. However, both average and maximum gas usage have since fallen, suggesting a slowdown in usage intensity. Additionally, despite occasional price surges, the number of new wallet addresses has remained either flat or in decline. This trend implies limited retail or organic growth during the current market phase. Historically, such patterns of stagnation in user growth and fee activity have often preceded stronger market moves, according to the analyst. The decline in wallet creation and overall gas usage may signal a broader accumulation pattern across the Tron ecosystem. Fewer participants transacting on-chain and a lack of significant new user onboarding typically coincide with phases where existing holders increase their positions quietly. If historical cycles are any indication, this period of reduced activity could eventually give way to renewed momentum once investor confidence returns. USDT Activity Paints a Different Picture In contrast to the slowing activity suggested by wallet creation and gas fees, stablecoin usage on the Tron blockchain continues to show notable growth. CryptoQuant analyst Darkfost highlighted that the amount of Tether (USDT) circulating on Tron has reached a new all-time high, now surpassing $71 billion. This figure places Tron just behind Ethereum, which currently hosts around $75 billion in USDT. The increasing stablecoin supply indicates strong demand for value transfer and settlement use cases on the network. Related Reading: Altcoin Transaction King? TRON Hits 42% Share As USDT, DeFi Explode Darkfost also emphasized that Tron’s low transaction costs make it an attractive platform for stablecoin users. As more liquidity flows into the Tron ecosystem via USDT, the network’s role in decentralized finance (DeFi) continues to expand. Featured image created with DALL-E, Chart from TradingView

#ethereum #eth #ether #altcoin #digital asset #cryptocurrency #on-chain analysis #ethusdt #ethereum news #realized price #accumulation addresses

According to a recent CryptoQuant Quicktake post, Ethereum (ETH) accumulation addresses are continuing to stack ETH despite mounting unrealized losses. In the analysis, CryptoQuant contributor Carmelo Aleman noted that these addresses have increased their exposure to ETH, even as the asset trades well below recent highs. Ethereum Holders Are Staying Put Despite Unrealized Loss Since reaching its cycle high of $4,107 in December 2024, ETH has experienced a sharp pullback of over 50%, currently trading around the $1,800 mark. Despite this steep correction, long-term ETH holders – particularly those behind accumulation addresses – have not been deterred. Instead of exiting their positions, they continue to hold firm. Related Reading: Ethereum Capitulation Nearing Its End? Key On-Chain Metric Reveals Insights Interestingly, since March 10, on-chain data reveals that many of these accumulation addresses have entered unrealized loss territory. For context, ETH fell to a local low of $1,866 while its Realized Price stood at $2,026. For the uninitiated, an accumulation address is a crypto wallet that steadily receives and holds a particular asset – like Ethereum – without sending it out. These addresses are typically long-term holders, ones who have held ETH for more than 155 days.  When accumulation addresses continue to acquire assets in the face of declining prices, it often signals that investors expect a bullish reversal in the near future. These wallets essentially represent “strong hands” in the market. Similarly, Realized Price is the average price at which all coins in a cryptocurrency network were last moved, calculated by dividing the total realized market cap by the circulating supply. It reflects the aggregate cost basis of holders and is often used to assess whether the market is in profit or loss. Since March 10, the Realized Price for these addresses has dropped by 2.32%, from $2,026 to $1,980 as of May 3. Yet, rather than scaling back, these addresses have increased their ETH holdings significantly. Aleman adds: Despite the continued downtrend, and even while in unrealized losses, accumulating addresses have not abandoned their strategy. Instead, they increased their ETH exposure: on March 10 they held 15.5356M ETH, and by May 3 this rose to 19.0378M ETH, a 22.54% increase, as seen in the ETH Cohort analysis and Balance on Accumulation Addresses. Has ETH Hit Market Bottom? While some analysts warn that ETH could fall further – possibly to as low as $1,200 – others believe that the second-largest cryptocurrency by market cap may have already bottomed out for this cycle. Related Reading: Is Ethereum Repeating Its 2020 Trend Reversal? Analyst Predicts ETH To ‘Explode’ In Q2 2025 ​​Adding to the optimism, ETH recently formed a golden cross on the daily chart, a bullish technical signal that typically precedes upward momentum. As press time, ETH is trading at $1,801, down 1.4% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant and TradingView.com

#crypto #binance coin #bnb #meme coins #altcoin #altcoins #bnbusd

Binance Coin (BNB) is gaining fresh interest as investors closely watch a potential breakout. The token is facing resistance around $593, with daily trade volume at $1.24 billion. Its market cap is $83 billion. The current trend is being attributed to sustained buying interest and continuous technical cues. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Traders Identify Triangle Pattern On BNB Chart Technical analysts are keenly watching a triangle price pattern forming on the chart of BNB against USDT’s 1-day chart. As analyst Andrew Griffiths explains, this formation is recognized for contracting price action, whereby the highs become lower and the lows become higher. It typically indicates a significant move in the near future, either higher or lower. #BNB analysis on the 1D chart vs USDT shows price movement within a triangle pattern, indicating room for the current side trend. Potential targets: T1 = $599, T2 = $617, T3 = $644. For risk management, consider Stop-Loss levels: SL1 = $580, SL2 = $559, SL3 = $542, SL4 = $521.… pic.twitter.com/Qku1eChZ4R — Andrew Griffiths (@AndrewGriUK) May 3, 2025 The graph indicates BNB trending in a narrower range for the past few sessions. Such a setup typically indicates that there is a breakout on the horizon. As BNB has been on an upward trend prior to this pattern forming, some assume it will keep going up—if the support zones hold. However, a breach below those support levels might reverse the trend and push the price down. Price Targets Established At $599, $617, And $644 If BNB keeps surging, analysts have cited three possible targets. The first is $599, which is just below the psychological barrier of $600. The second is $617, a place where BNB fought to move above back in March. The third is $644, which is the entire range of the triangle formation. These will likely be checkpoints if there is momentum. BNBUSD trading at $593 on the 24-hour chart: TradingView.com Although short-term bullish indications are there, the token has not yet breached any of these levels. For now, BNB is probing a significant level of support and resisting. This type of price action is typical before bigger moves in either direction. Related Reading: Bitcoin At $100K? $3 Billion In Shorts Are On The Line BNB price seen losing steam by June this year. Source: CoinCodex. BNB: The 32% Prediction In spite of all the short-term hype, a different forecast shows BNB plummeting in the next year. Based on a price forecast, the token might decline by 32% and hit $402 on June 4, 2025. That prediction doesn’t coincide with the existing chart strength, creating an extra layer of uncertainty for long-term investors. Source: CFGI BNB has experienced 15 green days out of the past 30, and its price volatility has been only 2.5%. The sentiment of the market seems to be neutral for the time being, with the Fear & Greed Index standing at 52. Everyone is still focused on the triangle formation and if BNB will extricate itself from it. Featured image from Gemini Imagen, chart from TradingView

#bitcoin #crypto #whales #stablecoins #altcoin #trump coin #world liberty financial #wlfi #usd1

Two big holders of the TRUMP token sold 765,128 of them for $8.58 million on Saturday morning in a sharp move, netting a loss of $2.34 million. The hasty sale took place May 4, 2025, and caused the price to sharply drop. The price tag of TRUMP declined by over 10% in a matter of hours, sliding from $12 to $10.50 according to price records available on CoinGecko. Related Reading: Bitcoin At $100K? $3 Billion In Shorts Are On The Line The sell-off prompted a surge in trading volumes and raised alarm among traders who now risk more unexpected moves in the days ahead. Whales Exit With Losses Despite Past Gains The wallets who sold behind it had previously made profits on TRUMP, but this time they exited early incurring heavy losses. Wallet 3kjP9L sold 337,560 tokens for $3.80 million and ended up in a loss of $1.38 million. It is reported that this wallet had previously profited by $196,000 from the same token. 2 whales dumped 765,128 $TRUMP($8.58M) at a loss of $2.34M 5 hours ago! 3kjP9L made $196K on $TRUMP before, sold 337,560 $TRUMP($3.81M) 5 hours ago and lost $1.38M. 7X6Vun made $732K on $TRUMP before, sold 427,568 $TRUMP($4.77M) 5 hours ago and lost $961K! Not only did they… pic.twitter.com/J8Fq4N2ihB — Lookonchain (@lookonchain) May 4, 2025 A second wallet, 7X6Vun, offloaded 427,568 tokens simultaneously for $4.77 million, incurring a loss of $961k. That wallet previously pocketed a $732k gain during a different trading period. The two whales would have attempted to scale down exposure after observing feeble signals within the market but their timing proved to be expensive. TRUMP Price Struggles As Trading Volume Jumps When the whales sold their tokens, TRUMP trading volume skyrocketed by almost 80% to $15.3 million on platforms such as Binance and KuCoin. This type of volume surge typically indicates that there is panic or overreaction by both buyers and sellers. As of writing, TRUMP is priced at $11.18, down 27% in the last seven days. It’s anybody’s guess if it can recover or more investors will follow the whales and begin selling their assets. Token Earlier Spiked On Gala News The TRUMP token had been making waves after a recent special event announcement. United States President Donald Trump had, according to reports, offered gala invitations at his Washington Golf Club to the most prominent TRUMP token holders, generating buzz and pushing the price higher earlier during the week. Traders loaded up, eager to make a profit from the increasing buzz. But the latest sell-off raised questions over just how solid that momentum had been. If big investors are exiting on a hype high, that could mean the conviction isn’t as widespread as it appeared. Related Reading: Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling Trump Crypto Holdings Reportedly Worth $2.9B A fresh report from the organization State Democracy Defenders Action asserts that Trump’s assets related to cryptocurrency now comprise almost 40% of his total wealth, which they project at approximately $2.9 billion. Included among these are the TRUMP and MELANIA meme coins and an interest in a business entity named World Liberty Financial, valued at 60%. World Liberty was launched in October 2024 and can be defined as a crypto exchange with ties to the Trump family. The firm recently announced it will obtain a $2 billion investment from Abu Dhabi-backed firm MGX to purchase a stablecoin product called USD1. That fund will be reportedly utilized to invest in Binance. Featured image from Gemini Imagen, chart from TradingView

#altcoin #altcoins #altseason #us federal reserve #quantitative tightening #gert van lagen #cup-and handle

Prominent crypto analyst Gert Van Lagen has shared a positive market prediction hinting that the altseason may soon begin. Based on a fully formed bullish pattern, the Dutch market expert postulates that altcoins are on the edge of a market breakout. Related Reading: Ethereum Ready For Price Rally As STH Numbers Set To Cross 4 Million — Here’s Why Altcoin Market Tipped To $5.4 Trillion Valuation In Altseason  The cup-and-handle is a classic bullish continuation pattern in technical analysis. It usually signifies an asset’s potential to continue rising after a period of consolidation. According to Van Lagen, the cup-and-handle pattern has appeared on the altcoin market bi-weekly chart. It consists of a U-shaped price movement (cup), which represents a period of gradual decline and recovery as seen between 2022 to mid 2024.   Van Lagen explains that investors typically accumulate assets during this period, perhaps due to an extended downside market prior to a rebound. This cup movement is followed by the handle, which often resembles a small descending channel as seen in 2025. The handle usually represents a breakout and retest zone, paving the way for the altseason. For the altseason to occur, the altcoin market cap must convincingly break above the neckline of the cup-and-handle pattern, which is currently at $813.18 billion. If this breakout occurs, inducing an altseason, Van Lagen analysis shows that total altcoin valuation could rise to around $5.4 trillion before 2026, indicating a potential 564% market growth. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Why The Altseason Is Sure To Happen In other news, analysts continue to debate the feasibility of an altseason for the current bull cycle.  Crypto analyst and Web3 growth manager Cas Abbé joined this discussion, highlighting three reasons the altseason is certain to come to pass. Notably, Cas Abbé acknowledges the altseason has been delayed, citing a lack of sufficient liquidity due to a large amount of token unlocks and the ripple effects of the memecoins craze driven by Pumpfun.  However, the analyst remains confident in the prospects of an altseason due to multiple reasons, one of which is the potential for multiple altcoin ETF approvals.  Cas Abbé explains that the US Securities and Exchange Commission is likely to issue the green light for several altcoin ETFs in Q3/Q4 of 2025, which holds the final deadline for most of these ETFs. Following these approvals, the analyst predicts a rise in institutional investments, which could produce a rallying effect similar seen with the Bitcoin ETFs in 2024.  Furthermore, Abbé states the Fed is likely to begin rate cuts in June as well as terminate all quantitative tightening measures. Both moves are expected to be followed by a liquidity injection, untimely creating a risk-on environment in financial markets that will support the growth of altcoins. Finally, the Web3 growth manager expects regulatory clarity by Q3/Q4 2025, which will allow banks to comfortably engage the crypto market, leading to massive liquidity.  At press time, the total crypto market remains valued at $2.94 trillion, with altcoins accounting for 36.1% of all investments.  Featured image from iStock, chart from Tradingview

#ethereum #eth #blockchain technology #altcoin #altcoins #cryptocurrency

Ethereum has recently regained bullish footing, climbing to $1,847 after dipping below $1,750 toward the end of April. This rebound follows a period of volatility, with price movements fluctuating between $1,740 and $1,847 over the past seven days. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Amid the uncertainties in the wider crypto market, Ethereum’s ability to reclaim higher ground appears to align with shifting investor behavior, especially on centralized exchanges, where a noticeable number of Ether have been withdrawn in the past seven days. $380M In ETH Pulled From Exchanges As Accumulation Trend Increases According to IntoTheBlock, the past week saw over $380 million worth of Ethereum withdrawn from centralized trading platforms. This net outflow shows an increasing wave of accumulation among crypto investors. These investors are moving their assets into self-custody, which is often a sign of long-term conviction.  The accompanying data chart underscores this momentum, highlighting five consecutive days of negative exchange netflows across aggregated platforms spanning 19 crypto exchanges. Notably, the last time these exchanges saw a positive inflow of Ethereum was on April 27, with $50 million worth of ETH. Interestingly, just 24 hours prior, these aggregated exchanges witnessed a negative 166.68 million worth of Ethereum flows. Such an exchange flow dynamic brings forth the idea that Ethereum investors may be preparing for a rally. Significant exchange outflows are known to precede notable bullish advances, and current the behavior mirrors previous price action where decreasing exchange balances acted as a precursor to sustained rallies. Notably, the current withdrawal trend coincides with the Ethereum price pushing back above the $1,800 mark. Image From X: IntoTheBlock Crucial Ethereum Support Zone At $1,770  The ongoing accumulation is further supported by crypto analyst Ali Martinez, who recently pointed out a crucial Ethereum support level. According to Martinez, the $1,770 region is currently the most significant level for Ethereum in the short term, citing data from IntoTheBlock’s “In/Out of the Money Around Price” model.  The In/Out of the Money Around Price model shows a high concentration of wallets (roughly 4.5 million addresses) having acquired 6.36 million ETH between $1,772 and $1,824. These holders are now “in the money” following Ethereum’s return to $1,845, which makes this zone a psychological stronghold. The implication of this support zone is clear. If Ethereum sustains above this demand cluster, the probability of further upward movement increases. However, any retracement below $1,770 could invalidate the current bullish structure and expose Ethereum to downside volatility.  Image From X: @ali_charts For now, the net flows from exchanges indicate that Ethereum might be able to hold its ground around this $1,770 level. The less Ethereum available on exchanges, the less selling pressure. On the other hand, the next resistance cluster to get above in the short term is at $1,881. Related Reading: Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling At the time of writing, Ethereum is trading at $1,845, up by 1% in the past 24 hours.  Featured image from Unsplash, chart from TradingView

#ripple #blockchain technology #xrp #altcoin #altcoins #cryptocurrency #xrpusd

XRP has started May with a choppy price action between the lower and upper ends of $2.195 and $2.25, respectively, in the past three days. Although XRP has spent the majority of the past two months correcting from the peak price of $3.3 in January, its 2-month candlestick is showing a strong green body, a sign that bulls are still in control in the higher timeframes despite the fluctuations on the lower timeframes. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Interestingly, a precise signal that hasn’t appeared since XRP’s historic 2017 rally is back, and the same trigger that led to its 20x price explosion that year has just returned. Technical Pattern Shows Clear Breakout Structure On 2-Month Timeframe Technical analysis of XRP’s price action on the 2-month candlestick timeframe chart shows that the cryptocurrency is still trading in a bullish setup on a larger timeframe. This analysis, shared by crypto analyst JD on social media platform X, shows XRP breaking out from a long-term triangle pattern, which has held its price in consolidation since the 2018 peak. The structure formed by this triangle includes a flat resistance trendline at the top and a gradually rising trendline at the bottom. XRP’s price performance in late 2024 saw it break above the upper resistance trendline, much like it did in a similar setup in the first few months of 2017.  Notably, the XRP price broke above this trendline with conviction, which allowed it to reach a multi-year high of $3.3. However, the ensuing price action has been corrections upon corrections, with XRP now trading close to the $2 price level. Notwithstanding, the appearance of a bullish cross on the RSI means a bullish setup is still in action, with crypto analyst JD highlighting a potential 20x surge. Stochastic RSI Cross Above 80: The Same Spark From 2017 The appearance of a cross on the Stochastic RSI above the 80 level makes the current bullish setup more convincing. JD pointed out that the last time this crossover happened was in 2017, right before XRP recorded a 20x gain within three months. His chart illustrates this visually, showing a yellow highlight at the intersection point of the SRSI lines during that historic breakout. The same cross has now been confirmed on the 2-month chart. The SRSI cross occurs when the %K line crosses above or below the %D line within the Stochastic RSI indicator. In the case of XRP, the bullish signal of the cross is examined above the 80 threshold on the 2-month chart. The last time this happened in 2017, XRP went on a rally over four months from around $0.15 until it reached its current all-time high of $3.40.  Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) If a similar scenario were to unfold, this would put the target around $45. This may seem unrealistic, considering the inflows needed to reach this level. Nonetheless, a rally from the recent SRSI cross could send the XRP price to new all-time highs. At the time of writing, XRP is trading at $2.2. Featured image from Unsplash, chart from TradingView

#ethereum #bitcoin #ethereum price #eth #altcoin #eth price #fear and greed index #coinmarketcap #ethusd #ethusdt #ethereum news #eth news #cryptorank #coincodex

The Ethereum price could face another significant crash, as the machine learning algorithm, CoinCodex, predicts a sharp decline toward $1,500. After enduring four consecutive months of sideways trading and bearish closes, technical indicators and sentiment data are flashing warning signs of an impending correction in the coming weeks.   Ethereum Price Crash To $1,526 Incoming According to CoinCodex’s latest Ethereum price prediction, ETH is expected to decline by 16.47% over the coming weeks, potentially reaching $1,526.06 by June 2, 2025. This bearish projection comes amidst a turbulent market cycle in which investor sentiment and confidence have wavered due to rising macroeconomic pressures and unexpected declines in Bitcoin.  Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View Notably, Ethereum’s technical outlook continues to deteriorate as it just wrapped up its fourth consecutive monthly red candle. Cryptorank’s data shows that Ethereum experienced a dip of 1.27% in January, followed by sharper losses of 32.2% in February and 18.4% in March. The downtrend continued into April, with the cryptocurrency closing the month in red with another 1.58% decline.  Despite brief intra-month rallies that saw its value rise sharply, Ethereum has consistently failed to sustain gains, closing each month with rising selling pressure and leading the wider market drawdown. CoinCodex’s data further paints a grim picture, highlighting that the top altcoin has recorded 16 green days out of the last 30, signaling unstable market strength. Its price volatility, measured at 6.43%, also reflects a choppy market that lacks clear bullish conviction.  Moving forward, CoinCodex not only predicts that Ethereum could break down to $1,526 but also expects a steeper price crash to $1,447.96 by August 1, 2025. This would represent a decline of approximately 20.75% from current market prices. The machine learning algorithm has declared that broader market sentiment for ETH is currently bearish, implying that traders and investors still anticipate further corrections and limited upward momentum in the near term. Overall, this indicates a cautious outlook for Ethereum’s price prospects. CoinCodex Says Now Is A Bad Time To Buy ETH Given its bearish forecast for the Ethereum price, CoinCodex suggests that now may not be the best time to buy Ethereum. Interestingly, while investor sentiment remains cautious, the Fear and Greed index is at 65, reflecting a state of “Greed” and suggesting that market optimism may be outpacing the underlying bearish fundamentals.  Related Reading: Ethereum By End Of 2025: Why A Surge Over $4,000 Is Imminent Building on this, crypto whales are still buying ETH in droves, capitalizing on low prices despite the possibility of a continued downtrend. Recent reports reveal that a single whale purchased 30,000 ETH tokens worth approximately $54 million. With price momentum fading and macro uncertainty still high, ETH bulls may need to wait for market stabilization and clearer reversal signals before re-entering the market. According to CoinMarketCap’s data, the Ethereum price is currently trading at $1,827, marking a yearly decline of over 38%. Featured image from Unsplash, chart from Tradingview.com

#crypto #dogecoin #doge #altcoin #meme coin

Dogecoin’s price rebounded to $0.186 after declining from $0.185 to $0.15 earlier in the week. The rebound is evidence of buyers coming in on lower prices, a sign some market observers view as continued strength for the meme cryptocurrency. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Analysts Monitor Long-Term Pattern Formation As far as analyst Steph is Crypto is concerned, Dogecoin still tracks what they refer to as a “Legendary trend-line” that extends between three significant price lows over several years. That support line started above $0.001 in early 2020, was again breached above $0.059 in 2024, and most recently broke below to find support around $0.14 in 2025. Each time the price struck this line, it has recoiled higher. Those who remain long on DOGE are “absolute legend,” Steph noted in their review, which gives a long-term price target of $10. That would be over 5,000% gain from present levels. #DOGECOIN road to $10! If you’re still holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK — STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025 Daily Charts Display More Conservative View Other analysts provide a less aggressive prediction using daily chart trends: Dogecoin tends to rebound from a rising trendline, making a sequence of higher lows. Their findings indicate these rebounds tend to follow false reversals that occur before significant breakout movements. Previous Resistance Levels Become New Support Taking longer periods, another trend can be observed in the price movement of Dogecoin. As per analysis over three-day charts, earlier high values are seen to be acting as support levels subsequently. This came to pass when DOGE broke above $0.097 resistance late in 2023, then retreated to test that same level as support early in 2024. The same thing occurred with the July 2024 high of $0.146, which became a support level in April 2025. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Future Price Targets Based On Historical Patterns The February peak of $0.29 in 2025 is yet another reference point that preceded the recent price fall. While technical analysts had tested the $0.145 support point in April, they now look at $0.23 as the next level to watch as a resistance point. In case these trends remain consistent, some experts are of the opinion that Dogecoin might hit $0.80, which would be more than its all-time high of $0.73. Although these predictions are largely based on technical chart patterns and not fundamental considerations, the predictability of Dogecoin’s price structure has drawn the interest of some cryptocurrency market observers. The ascending trendline that has stood even during various market cycles is a primary indicator that most traders are monitoring to assess the strength of DOGE’s current position. Featured image from Unsplash, chart from TradingView

#crypto #meme coins #altcoin #altcoins #hedera #rwa #hbar

Hedera token HBAR is at $0.18801, up nearly 12% in the last week, as it nears a key resistance level that investors are monitoring. The $0.20 level may mark a new era for the token, which has posted consistent gains despite an 18% decline in daily trading volume to $165 million. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Kenya Stock Market Selects Hedera For Digital Exchange The new price action comes as Kenya’s financial sector makes a major foray into blockchain technology. Media reports the Nairobi Securities Exchange has chosen the Kenya Digital Exchange (KDX) to launch on Hedera’s network. The move is seen to be a key real-world use case for Hedera in the growing category of tokenized assets. Growing optimism over the future of HBAR is emerging among social media analysts. Charts presented by market commentator Gilmore Estates reveal an HBAR breakout from the consolidation pattern created at the end of 2023. $HBAR loading its next leg up! Consolidation looks complete — a breakout toward $2+ is on the horizon. Hedera’s just getting started. pic.twitter.com/wc9QJuZ0HU — Gilmore Estates (@Gilmore_Estates) May 1, 2025 Tech indicators like moving average crossovers validate the bullish sentiment together with robust volume, while the token has inked price levels unseen since mid-2022. In February 2025, HBAR applied for a spot Exchange-Traded Product, equivalent to an ETF on traditional markets. The SEC needs to make the final decision about the application on or before November 11, 2025. Bloomberg analysts have issued a rating on the chances of approval at 80%, highlighting positive market dynamics and increasing demand from institutional clients. Approval with success would flood Hedera with significant new capital from traditional financial sectors. Corporate Giants Support Hedera’s Enterprise Platform As opposed to most cryptocurrency initiatives, Hedera has a governance structure composed of some of the biggest names in the tech sector. This arrangement lends institutional legitimacy to the network, which takes a different technical strategy than other blockchains. According to reports, Hedera’s technology is rooted in Hashgraph, a Directed Acyclic Graph architecture that supports transactions of high throughput and rapid finality. Related Reading: Double Trouble Or Double Gains? Shiba Inu Shows Signs Of Reversal Amid Massive Burn Focusing On RWAs The network has concentrated on real-world applications rather than speculation, such as ESG tokens via its Guardian platform, real estate tokenization with TOKO, and green bonds through Evercity. Meanwhile, as meme coins and newer blockchain ventures make the news with explosive price action, HBAR is playing a different game focused on infrastructure, regulatory compliance, and business adoption. Featured image from Unsplash, chart from TradingView

#xrp #altcoin #xrp price #xrp news #xrpusd #xrpusdt

XRP’s price movement has been highlighted by a rejection at $2.35, followed by a bounce at $2.15. This initial rejection follows a brief rally in the last week of April, which, interestingly, saw it break above a downward-sloping resistance trendline that has defined its structure since early January 2025. However, the rejection has since been followed by a retest of this trendline, but this pullback is seen as a setup for a potential breakout to levels above $4 rather than an outright rejection. Trendline Breakout In Focus With Swing Failure Pattern According to a technical analysis on the TradingView platform, XRP/USDT is now pressing against the zone of a significant descending trendline on the daily candlestick timeframe chart. This trendline, which has guided the broader bearish structure since January 2025, was previously responsible for notable price rejections in February and March. However, the most recent interaction with this trendline appears different, and XRP may be shifting from a pattern of lower highs to a breakout and retest formation. Related Reading: Has The Dogecoin Price Already Topped? Indicator That Predicted Previous Tops Show When The notable development here is the sequence leading to the breakout attempt. XRP first surged upward in late April and moved above the trendline. But instead of collapsing back into the previous range, the price briefly retraced and formed a higher low, which is an important structural change in the bullish version of a swing failure pattern (SFP). In this case, the failed low formed after the breakout hints at a reversal of the prior downtrend, and this reversal was validated when XRP closed on April 30. As shown in the chart below, this swing failure pattern has now flipped bullish with volume rising, an early sign of a rebound and rally. Adding to this outlook, the trendline has been touched multiple times over the past five months, making a confirmed close above it very important. The white arrow drawn on the chart indicates the anticipated direction of the XRP price if the bounce is sustained. $3.00 Resistance Is Important For Next Price Explosion A bullish daily close above this trendline would break the bearish structure that has defined XRP’s price since the start of the year. If successful, this would open the XRP price to an eventual run above $4 if everything goes right.  Related Reading: XRP Surpasses Ethereum In This Major Metric After Outperforming For 6 Months However, according to the analyst, the most immediate level to watch is the $3.00 resistance. A daily close above this round psychological level, combined with a volume spike, could open the way for XRP to surge toward the next key zones. These zones include $3.31, which coincides with the high on January 16, which is the next clear liquidity level. The next zone would be around its current all-time high. Beyond that, $4.6209 is the next longer-term breakout target. At the time of writing, XRP is trading at $2.20. Featured image from Adobe Stock, chart from Tradingview.com

#xrp #altcoin #xrp price #xrp news #xrpusd #xrpusdt

The XRP price is preparing once again for an explosive move toward the $3. Aiming to break out from its consolidation phase, XRP’s price action suggests a massive rally could be right around the corner. The analyst who forecasted this bullish move remains broadly optimistic about XRP’s future outlook. However, he has also cautioned that a fakeout and subsequent price breakdown are possible.  XRP Price Gets Ready For Moonshot Toward $3 In a 1-hour chart analysis, ArShevelev, a crypto analyst on TradingView, disclosed that the XRP price has been forming a sequence of tight consolidation patterns. The colored triangular formations on the price chart highlight each consolidation pattern formed over the past few weeks. These triangles show that price action has been moving sideways, indicating indecision before a breakout.  Related Reading: XRP Price Ready To Reach $8 As Consolidation Breaks – Here’s The Timeline With XRP set to breakout from its present consolidation pattern, ArShevelev predicts the cryptocurrency could soon surge to the $3 mark, representing a 37% increase from its current market value. As of writing, the XRP price sits around the $2.19 mark after sharply rebounding from a critical support zone near $2.05. The $2.05 support zone is identified as a must-hold level, as a break above would maintain the altcoin’s present bullish structure. Moving forward, the TradingView chart shows an overarching bullish trend, with price action respecting XRP’s rising support line. A fresh consolidation triangle has formed, and if history is any indication, XRP could break upward from this pattern, targeting an initial price level of $2.36.  A bold “highway to moon” arrow on the price chart points to a successful breakout that could push the price toward a higher price level of $2.6 and perhaps even spark a broader rally to $3. In his analysts, ArShevelev highlighted a previous support zone at $2.21, where buyers initially stepped in, noting it as an important holding area for XRP to maintain.  Bullish Setup For The Altcoin: Breakout Or Fakeout? While XRP’s technical setup and potential breakout from consolidation look promising, ArShevelev has advised caution as the market can be unpredictable. Cryptocurrencies are known for their volatility, and failed breakouts are not uncommon, especially when the price hovers just below resistance for too long. Related Reading: XRP Price Eyes Recovery To $3 As Analyst Reveals How High The Price Would Be In Altcoin Season If XRP fails to break above the $2.29 resistance level convincingly, the analyst projects a sharp breakdown to the $2.21 support zone. Further pullback here could open the doors for an even larger price drop to the important support, some at $2.05. This potential price decline is described as a “fakeout,” as XRP gives the illusion of embarking on a rally but instead sharply reverses.  Thus, while technical indicators favor an upside breakout in the XRP price, the TradingView analyst still questions whether it could lead to a breakout to new highs or ultimately result in a fakeout.  Featured image from Medium, chart from Tradingview.com

#bitcoin #crypto #altcoin #tokens #digital currency #coingecko

A wave of failures on a previously unimaginable scale has swept over the crypto market at the start of 2025, with a record 1.8 million tokens collapsing during the first quarter. That is almost 25% of all crypto tokens issued since 2021, says a report by crypto information platform CoinGecko. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development A Quarter Of All New Crypto Tokens Collapsed In First Three Months Of 2025 The meltdown hits a massive portion of the crypto market. According to CoinGecko research analyst Shaun Paul Lee, of the almost 7 million cryptocurrencies listed since 2021, over half (3.6 million) have ceased trading entirely. The mortality rate has surged significantly from earlier years. The first three months of 2025 experienced more token failures than any calendar year on record, Lee wrote in his April 30 report. The figure is especially noteworthy compared to the whole span from 2021 through 2023, which represented only 12.6% of all cryptocurrency failures in the last five years. Trump’s Presidency And Market Turbulence Linked To Crypto Demise As the report states, the recent die-off of tokens coincides with wider market volatility since Donald Trump’s inauguration as US President in January. As Bitcoin hit an all-time high during this period, it was followed by a steep decline in crypto markets. Things got worse in March, when both cryptocurrency and equity markets saw unprecedented volatility. This volatility followed Trump’s threat to apply sweeping tariffs, which caused shockwaves in multiple financial markets. Easy Token Creation Tools Caused Market Flooding The record surge in token failures begins back in January of 2024, when an easy token creation tool called Pump.fun emerged. The website allowed for it to be extremely easy to build new cryptocurrencies, causing a torrent of memecoins and lazy projects to flood the market. More than 3 million new crypto tokens were released in 2024 alone – almost four times the amount of 2023, which had slightly more than 835,000 new additions. Prior to Pump.fun, cryptocurrency failures were not very common, with figures in the “low six digits,” Lee’s analysis said. Almost All Pump.fun Tokens Fail To Graduate To Open Market The statistics are such that approximately 98% of tokens minted on Pump.fun do not live past the site. Even at the platform’s most successful week in November of 2024, only 1.67% of memecoins managed to transition to the open market. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed CoinGecko founder Bobby Ong noted in a March report that investor demand for memecoins seems to have dissipated following a string of failed launches. He specifically cited the aftermath of the Libra (LIBRA) token launch as part of the reason. Although Pump.fun saw its all-time weekly trading volume after Trump’s memecoin launched on January 18, the volatility that followed in the markets seems to have subdued the excitement in the crypto sector. The report indicates how the marriage of simple token creation software and volatile market conditions has formed a perfect storm for cryptocurrency collapse, with no indication that the trend will be slowing down as we progress further into 2025. Featured image from Gemini Imagen, chart from TradingView

#xrp #altcoin #xrp price #coinmarketcap #xrp news #xrpusd #xrpusdt #ali martinez #egrag crypto

Crypto analyst Egrag Crypto predicted a macro channel breakout that could be imminent for the XRP. The analyst indicated that the altcoin could reach double digits if this breakout plays out as expected.  XRP Price Eyes Rally To $55 With Potential Macro Channel Breakout In an X post, Egrag Crypto raised the possibility of a macro channel breakout for the XRP price and stated that the measured move points to a potential high of $55. He stated that he had his eyes on the $27 target, although he indicated that the altcoin will likely surpass this price level on this move as it looks to hit $55.  Related Reading: Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming This ultra-bullish prediction came as the analyst revealed that the XRP price is currently in candle number 5. He remarked that if history is any guide, then market participants should be looking at a mega monthly candle. If XRP were to follow the same pattern, the analyst affirmed that the target of $17 is definitely in play.  In another X post, Egrag Crypto again predicted that the XRP price could at least reach $27 in this market cycle. He stated that he is becoming increasingly convinced that XRP is mirroring the 2017 bull run, although the timing may be either delayed or accelerated. The analyst predicted that the altcoin would reach double digits by the end of Wave 3 this summer.  Meanwhile, he believes Wave 4 will unfold over the next three years, followed by a bear market, and then the XRP price will reach triple digits in the next bull run. Egrag Crypto is confident that XRP could reach as high as $120 when that time comes. In the meantime, XRP is still battling to break above key resistance levels, which could pave the way for a new all-time high (ATH).  A Bull Pennant Forming On Weekly Chart In an X post, crypto analyst XRPunkie drew attention to a bull pennant that was forming for the XRP price on the weekly chart. He stated that this bullish pattern is ready for a breakout once XRP completes the final pullback to between $1.80 and $2. The analyst added that the technical target of this bull pennant is between $13 and $14. XRPunkie warned that there will be more pullbacks along the way to $14, so he advised that investors look to secure profits.  Related Reading: Analyst Sets XRP Price Target At $6.5, These Dates Are Key Crypto analyst Ali Martinez has indicated that the short-term target for the XRP price is between $2.70 and $2.90. In an X post, he stated that the altcoin looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target of these price levels.  At the time of writing, the XRP price is trading at around $2.2, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com

#bitcoin #crypto #ripple #xrp #altcoin

XRP fell below $2.30 this week, wiping out all the gains registered in last week’s short-lived rally. The cryptocurrency, which had risen 8% from $2.06 to $2.28 last week, has now lost 3.5% from Monday’s opening price and 7% from its weekly high of $2.36. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Market Expert Forecasts Potential 30% Fall To $1.55 A cryptocurrency analyst, Block Bull, forecasts that XRP might drop much deeper in the near future. From the analyst’s April 29 X post, XRP could not break the resistance level at the top of a bull flag pattern on the daily charts. This technical failure may push the price to $1.55, which would be “annoying as hell”, according to Block Bull – a 30% fall from the high of the pattern – and 28.6% from current levels. Block Bull informed followers this possible price fall would be brief and could prove to be the perfect entry point for investors. The analyst intimated big money players tend to use such downturns in markets to accumulate holdings at bargain rates. Likely $XRP is going to fall 30% along with $XLM that Ive just posted. bottom of bull flag and fib level will be a great entry $1.55 (annoying as hell) bleeding the average guy and this is why the rich get richer cos theyre the only ones able to afford to HODL pic.twitter.com/pG3h30Swks — ????BLOCK BULL???? (@TheBlockBull) April 29, 2025 XRP Not Alone As Bitcoin And Ethereum Also Struggle The decline pressure on XRP is in line with weaker trends in major cryptocurrencies overall. Bitcoin is struggling to remain above the $95,000 threshold while Ethereum has fallen below $1,800. That this is a market-wide correction and not a specific XRP problem is indicated. Competing Analysis Provides More Optimistic Forecast Not everyone who watches the market sees the dismal outlook. Others noted that while declining 6% in two days from $2.28 to $2.14, XRP has been able to remain above important support levels on shorter timeframes. They said that if XRP can hold support at $2.14, the price may bounce back to $2.24 or higher in short order. More positive predictions even indicate that XRP could hit $5 in a month, a new all-time high for the cryptocurrency. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Liquidation Data Shows Market Imbalance Meanwhile, latest trading statistics by Coinglass indicate a shocking disparity in market positions. Within 24 hours, nearly $14 million of long positions (bets on the price going up) were liquidated, while just $1.48 million worth of short positions were sold. This almost 1000% gap indicates the majority of traders were placing bets on price rises when the market started going into decline. The sudden sell-off of such a large number of long positions had a cascade effect, dropping prices even quicker. Open interest also declined by 4%, indicating traders were closing out as uncertainty mounts. As of the most recent trading figures, XRP stands at $2.20, down 1.14% since the beginning of the day. Investors now have conflicting messages regarding whether to anticipate further declines or perhaps a possible rebound in the coming days. Featured image from Unsplash, chart from TradingView

#ethereum #crypto #eth #cardano #ether #altcoin #ada #altcoins

Cardano has surpassed Ethereum in central developer activity, a dramatic turn that disputes its long-held status as a “ghost chain.” The development has kindled fresh optimism among investors that Cardano’s price may soon experience significant increases. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Developer Numbers Reflect Shocking Flip According to data platform Cryptometheus, Cardano now ranks first in blockchain development with 21,439 GitHub commits over the past 12 months. These commits span 550 core repositories, putting Cardano ahead of Ethereum’s 20,962 commits during the same period. The data indicates activity in 12 fundamental Cardano projects, with the wider ecosystem demonstrating activity in 36 projects. This wave of developments has driven activity in 4,276 GitHub repositories, offering tangible proof to counter accusations that Cardano is not being utilized in the real world. Ethereum Faces Increased Competition Ethereum’s ranking in second place is what some refer to as an “underwhelming year” for the network. The network lagging behind in terms of developer numbers comes as Cardano founder Charles Hoskinson speculates that Ethereum will collapse by 2040. Hoskinson cites several reasons for his prediction: old tech, layer 2 solution fragmentation, and declining developer participation. This criticism comes at a sensitive moment since Ethereum is also struggling with Internet Computer, which is currently ranking third in developer activity. The Ethereum Foundation has set out a new vision for scaling its layer 1 capabilities, which could reverse the trend of developer disengagement. Price Predictions Follow Development Success Cardano’s cryptocurrency, ADA, is currently trading at $0.69 and seems to be maintaining crucial support levels. This steadiness, coupled with the uptick in developer activity, has prompted analysts to forecast substantial price increases. Crypto analyst “Token Talk” proposes ADA might observe a 100% jump to $1.20-$1.30 within the existing market cycle. Looking further down the line, the analyst estimates a possible value of $10 by 2029. $ADA sideways around $0.70, but holding key support! ???? Analysts eye potential 100% recovery to $1.20-$1.30. Long-term bullish case for $10 by 2029! #Cardano #ADA #Crypto #Bullish pic.twitter.com/tUeVXJaRlM — Token Talk (@TokenTalk3x) April 29, 2025   Technical indicators are also supportive of shorter-term optimism. The golden cross pattern has traders looking for the $1 level, with around $20 million of ADA having just transferred off exchanges recently – widely regarded as a bullish sign. Related Reading: Bold Call: Bitcoin Could Soar To $210K This Year, Says Research Chief Strategic Partnerships Fuel Ecosystem Growth Cardano is making efforts to expand its ecosystem with strategic alliances, such as an upcoming integration with XRP for its Lace Wallet. As reported, the alliance is intended to establish mutual gains for both blockchain networks. The alliance will look to improve price performance for both tokens as well as increase the real-world uses of their respective ecosystems. The move is consistent with Cardano’s overall effort to drive up adoption and use on its platform. For Cardano enthusiasts, the convergence of top developer metrics, strategic collaborations, and upward price indicators portends that the project might be finally shaking off its “ghost chain” stigma. Featured image from Techbuild Africa, chart from TradingView

#bitcoin #crypto #xrp #altcoin #altcoins #xrpusd

Renowned crypto influencer “DustyBC” has caused controversy after stating that owning only XRP might be sufficient for investors to “make it” financially. The bold assertion comes at a time when XRP trades below its all-time high, but still captures the attention of both fans and critics throughout the market. Related Reading: XRP Headed For $1,000 – CryptoGuard Exec Drops Bold Prediction Single-Asset Strategy Raises Eyebrows Based on reports, DustyBC’s comment implies that investors can achieve significant wealth by adopting an XRP-only investment strategy. The perception has gained traction with some supporters who feel that “one strong hand beats a hundred weak plays.” The sentiment is indicative of increased interest in focused investment strategies over diversified portfolio strategies. I seriously think only holding $XRP is enough to make it.. — DustyBC Crypto (@TheDustyBC) April 27, 2025 The token, which runs Ripple’s payments network, already has a valuation of several billion dollars. A few market commentators have made claims published that the XRP currency may see targets of as much as $10,000 per token. Those are wild claims, but they have driven some enthusiasm among certain investors. Market Size Claims Support Bull Case Backers cite the enormous payment market as the basis for their optimism. The international payments space is said to be valued at multi-trillion dollars, with some estimates placing the industry at the $300 trillion mark by the end of this decade. According to these figures, XRP supporters believe that taking just 1% of this market would have a dramatic effect on the token’s price. This has caused some analysts to caution that not holding at least 1,000 XRP tokens demonstrates bad financial sense. Ripple’s ongoing business expansion, partnerships and acquisitions have been listed as further causes for optimism. These actions continue to provide talking points for those still optimistic about XRP’s potential future. Critics Question Growth Potential Not all people are so keen on XRP as a vehicle to get rich. X user Shero reacted to DustyBC’s remarks by saying XRP’s possible growth is only seven to 10 times its current value – a gain that some critics don’t view as “life-changing.” There’s not big ROI atm.. max is 7-10x — Shero (@shero12269724) April 27, 2025 Related Reading: Justin Sun Bets Big On JUST Token – Here’s Why He Sees 100x Potential These more conservative voices highlight XRP’s current valuation of over $133 billion as a constraint on future growth. They propose that such a high market cap renders runaway price growth mathematical overreach, hurting investors with small positions who believe in revolutionary wealth. On Balance & Risks While some XRP advocates get their juices flowing, others within the crypto community are placing a high premium on risk mitigation. They claim that having several solid assets ensures greater security compared to focusing on one coin. Featured image from Gemini Imagen, chart from TradingView

#crypto #dogecoin #doge #altcoin #meme coin #memecoins #millionaires

A recent technical report indicates Dogecoin (DOGE) could be on the verge of a significant price increase in the next few months. The meme coin, which is now trading at $0.17, has recorded a 10% gain in the last week and continues to be up 11% over a 14-day period. Related Reading: XRP Headed For $1,000 – CryptoGuard Exec Drops Bold Prediction Bullish Divergence Indicates Possible Upswing Based on Crypto Bio’s analysis, two separate bullish divergence patterns have emerged on Dogecoin’s chart. The first was seen between June and August 2024, when prices fell to between $0.07 and $0.09 while the Relative Strength Index (RSI) made higher lows. It was followed by a large-scale rally that saw DOGE rise above $0.40 by December 2024. Another pattern with a similar scenario has been developed between the periods of March and April 2025. Although Dogecoin’s value printed lower lows near $0.1300, the RSI once more produced higher lows. Based on such technical features, certain experts anticipate that DOGE might find itself at $0.5 over the coming two or three months. The Math Behind ‘Dogecoin Millionaires’ There are discussions about new ‘Dogecoin millionaires’ that have excited investors. The figures, though, paint a more serious picture. Assuming a price of $0.5, a $10,000 investment would become around $27,530 – a gain of $17,530. $DOGE is waking up. The same signs, the same setup. Millionaires will be made in the next 2-3 months!????#DOGECOIN ???????? pic.twitter.com/mKQjjglJiO — Crypto Bio (@CryptoBio_) April 27, 2025 In order to actually become a millionaire if DOGE reaches $0.5, an investor would need to have around 2 million coins, currently valued at around $360,000. According to Crypto Bio, given all these figures and probabilities, “millionaires will be made in the next two to three months.” This reality check underscores the vast amount of money required to meet the ‘millionaire’ goal that is utilized to recruit prospective investors in the cryptocurrency. Technical Support From Parabolic Trendline Another analyst, “abermix,” notes that Dogecoin is presently riding a long-term parabolic trendline that started around $0.05 during 2022-2023. Although there were numerous tries to fall below this curve at different price levels ($0.06, $0.08, and $0.14), DOGE has repeatedly jumped back to hold ground above the line. $doge is conforming to this parabolic trendline at the moment idk if it’s valid but it looks like it xD can we expect a bounce soon?#Dogecoin pic.twitter.com/moQHd7WCpt — abermix (@abermixcrypto) April 27, 2025 Related Reading: Justin Sun Bets Big On JUST Token – Here’s Why He Sees 100x Potential The price is trading slightly below both short-term and long-term exponential moving averages (EMAs) currently. Experts believe that a breakout above $0.20 will validate a larger trend reversal and open the doors for further advances. Falling Wedge Formation Adds To Bullish Outlook According to April 25 reports, Dogecoin has extricated itself from a “falling wedge” formation that had placed it in a downtrend for many months. Previous levels of resistance were tested in February at $0.28 and April at $0.16. Market observers comment that although these technical indicators look encouraging, cryptocurrency prices are extremely volatile. The present price movement comes after several months of horizontal trading following DOGE’s peak at $0.19, and any investment choice should account for the volatility of the market. Featured image from Gemini Imagen, chart from TradingView