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Amid the recent bearish trend, Cardano (ADA) whales are making quite the splash. The Cardano whale transaction volume has skyrocketed lately with over $13 billion worth of average daily transactions last week. In addition, ADA whales have outpaced Dogecoin (DOGE) and Litecoin (LTC) whales by a huge margin. Cardano Whales Stur The Market According to The post Cardano Whales Dominate As ADA Surpasses Dogecoin & Litecoin Volume appeared first on CoinGape .

Cardano Whales Dominate As ADA Surpasses Dogecoin & Litecoin Volume

The dynamic crypto world can have interesting battles as different coins fight to outdo each other and get the attention of investors. We will look at speculative combat between Dogecoin (DOGE) and Cardano (ADA), two popular cryptocurrencies with a very different history and technical underpinnings. This “Doge vs. The installation called “ADA Deathmatch” looks into …

Doge vs. ADA: One survives bear market

Binance Coin Price Prediction 2024-2033 After notable changes in its executive team, Binance has shown notable resilience and prospects for recovery. The departure of Changpeng Zhao, Binance’s CEO, who was also embroiled in legal challenges, initially caused a decline in the value of Binance Coin (BNB). Despite this initial setback, the cryptocurrency has shown a

Binance Coin Price Prediction 2024-2033: Is BNB Ready for the Bull Run?

“Altseason” may have just been a buzzword, but the latest cryptocurrency trends have witnessed altcoins telling Bitcoin they are here to play. Altcoins are identified as those cryptocurrencies that are not Bitcoin. A portion of the crypto community even extends this recognition to tokens other than Bitcoin and Ethereum. Most of it sticks to the

Top Low-risk altcoins that have 3x potential than Dogecoin (DOGE)

The Bitcoin price movement in the past few days after the halving event has left many investors wanting. Particularly, price data shows the crypto failed to settle above $65,000 las week. At the time of writing, Bitcoin is trading at $62,105, down by 2.96% and 6.14% in the past 24 hours and seven days, respectively. According to a CryptoQuant analyst, Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR) is still looking bullish, which could be a faint signal of the crypto’s price reversing into bullish momentum. Current State Of Bitcoin As it stands, the price of Bitcoin might be on the way to registering a new monthly low with the risks of more downside below $62,000. A recent analysis during the weekend by Phi Deltalytics, an analyst at CryptoQuant, noted that Bitcoin’s price trajectory is showing indecisiveness in the short term. His analysis is based upon the SOPR ratio, one of the lesser-known but highly useful metrics for analyzing Bitcoin. Related Reading: Brace For Price Impact: Dogecoin Whales Move Massive 456 Million DOGE To Exchanges SOPR measures the profit ratio of spent outputs, which are groups of transactions representing the movement of coins. Phi’s analysis revealed an interesting indecisiveness with this metric. According to this metric, Bitcoin’s short-term Spent Output Profit Ratio (SOPR) has entered into a zone of indecisiveness, correlating with the current market sentiment. However, the analyst also noted that the adjusted SOPR continues to move in a bullish direction, a confluence that warrants careful planning when entering the market. What Does This Mean for Bitcoin? This discrepancy with the SOPR and its adjusted ratio means many short-term holders are now trading Bitcoin at a loss. Interestingly, another CryptoQuant analysis seems to support this idea. Specifically, the long-term SOPR to short-term SOPR ratio is moving in favor of long-term holders, suggesting that long-term holders are realizing greater profits in contrast to short-term holders. Hence, there is persistence of bullish momentum with the adjusted SOPR. A better interpretation of this SOPR ratio is that the price of Bitcoin has not been favorable for short-term holders at the current market conditions. Furthermore, it suggests that the stalling of the upward momentum can be attributed to some long-term holders cashing out their holdings. According to Phi Deltalytics, a reversal of the adjusted SOPR into a bearish signal would finally imply the possibility of a rapid downward shift in the price of Bitcoin. “The persistence of a bullish aSOPR amidst wavering short-term SOPR trends gives rise to the possibility of a rapid downward shift once the aSOPR trajectory reverses,” the analyst mentioned. Related Reading: XRP Price Prediction: Analyst Says Prepare For 700% Jump To $4, Here’s When When Will The Correction End? Bitcoin’s price has been ranging between $60,000 to $70,000 since it reached a new all-time high. The much-anticipated break above $74,000 now seems to be taking forever, and this lackluster action has prompted some analysts to believe that Bitcoin might have reached its peak in the current market cycle. However, time can only reveal the crypto’s price trajectory in the coming months, particularly with the recent conclusion of another halving event. If halving history repeats itself, Bitcoin could continue its price surge within the next nine months. BTC price struggles to hold $62,000 support | Source: BTCUSD on Tradingview.com Featured image from Barron’s, chart from Tradingview.com

CryptoQuant Analyst Reveals Signal That Shows Bitcoin Is Still Very Bullish

Homo Dogecoin (HODOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE). Homo Dogecoin (HODOGE), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days. This is because HODOGE has announced its first centralized exchange listing, which will be on MEXC. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Homo Dogecoin can only be purchased via Solana decentralized exchanges, like Jupiter and

Homo Dogecoin (HODOGE) to Explode Over 8,000% Amid MEXC Listing, as Shiba Inu and Dogecoin Struggle

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