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A prominent crypto analyst says deep-pocketed investors have been spotted loading up huge amounts of Ethereum (ETH). Trader Ali Martinez tells his 119,200 followers on the social media platform X that crypto whales gobbled up more than $3.80 billion worth of Ethereum in a two-day span. “Whales have bought over 1.14 million Ethereum $ETH in [48 hours!]” Source: Ali Martinez/X At time of writing, Ethereum is trading for $3,340. The trader is also keeping an eye on the interoperable blockchain Polkadot (DOT). According to Martinez, DOT looks primed to ignite a big upside burst as it threatens to break out from a bullish continuation pattern. “Polkadot DOT looks ready to break out of a bull pennant, targeting $17!” Source: Ali Martinez/X At time of writing, DOT is worth $6.34. Looking at the layer-1 protocol Aptos (APT), Martinez warns that the crypto asset appears to be forming a bearish reversal structure on the 12-hour chart. The trade...

Leading parachain-based cryptocurrency PolkaDot climbed above the $10 mark on Friday. The last DOT hit double digits in the indices was in May 2022 and remained trading with single digits for nearly 20 months. The cryptocurrency began attracting heavy bullish sentiments his month after Bitcoin climbed above the $69,000 mark. Bitcoin’s rise is pushing other leading altcoins to reach new yearly highs while delivering stellar returns to investors. Also Read: Cryptocurrency: Top 3 Coins to Buy Under $0.01 For Stellar Profits Source: Coingecko Now that PolkaDot remains in the green and climbed above $10, will the cryptocurrency rally further and reach $15? In this article, we will highlight how high or low DOT could trade in the indices in the coming weeks. Also Read: Should You Buy VeChain (VET) During the Ongoing Bull Run? PolkaDot: A 50% Surge in Price & $15 On the Cards For DOT Source: Twitter Leading on-chain metrics and price prediction firm CoinCodex ha...

The Web3 Foundation, dedicated to the development of the Polkadot ecosystem, has announced a $1 million seed investment in tokenized treasury bills. In an X post on Nov. 29, 2023 the Web3 Foundation unveiled plans to put $1 million in tokenized U.S. treasury bills via Centrifuge, an institutional ecosystem for on-chain credit. With the investment, the foundation is said to become the first user of the real-world asset use-case supported and managed through the para-chain in a bit to digitize assets with blockchain technology. Web3 Foundation announces a $1M seed investment in tokenized treasury bills on @centrifuge. We’re thrilled to lead by example as the first user of the real-world asset use-case supported and managed through the parachain. https://t.co/dIXOLkfJRL — Web3 Foundation (@Web3foundation) November 29, 2023 Web3 Foundation Chief Executive Fabian Gompf said in a blog post that the industry of tokenized assets has “massive potential and are steadfast in ...

After today's Bitcoin ETF decision delay, BTC's boring price action looks set to carry on through the weekend. Bitcoin (BTC) continues to frustrate investors with its tight range consolidation, giving no clue about the possible direction of the breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it happens.  A minor positive in favor of the bulls is that they are holding on to a large part of the gains seen in 2023. That indicates a lack of urgency among the bulls to book profits as they anticipate the uptrend to resume. Daily cryptocurrency market performance. Source: Coin360 Bloomberg senior ETF analyst Eric Balchunas highlighted that 15 of the best performing equity exchange-traded funds in 2023 have been crypto-related with exposure to crypto and blockchain. Do Bitcoin and the select altcoins show any signs of a potential breakout from their respective ranges? Le...

Ethereum continues to be the dominant blockchain for developer activity, however, a few other chains continued to make ground. The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as those who contribute to 76% of Github commits — also increased 15.2% to over 7000, while “one-time” builders fell 6.2% to over 3,500 during the same time period between December 2021 and December 2022 Despite the crypto market capitalization beginning its long plunge from from its all-time high (ATH) of $2.9 trillion in Nov. 2021, monthly developer activity only began to fall in Jun. 2022 after the metric reached its record high of nearly 26,500. This fall was partly attributed to the fall in developer activity in the Terra ecosystem following ...

Bitcoin and altcoins are extending their rally and traders are hopeful that the gains will push higher after this week’s consumer price index data is released. Crypto and stock Markets are usually forward-looking. Meaning, traders tend to ignore the near-term negatives and focus on the positives down the line. With Bitcoin’s (BTC) next halving in 2024, analysts are shifting their attention to this event. Independent market analyst Rekt Capital highlighted this unique market dynamic in 2015 and 2019, a year before halving, Bitcoin rallied 234% and 316% respectively. If history repeats itself, Bitcoin’s price action may spring a surprise in 2023. However, the near term remains uncertain and the Consumer Price Index (CPI) data on Jan. 12 may lead to a sharp uptick in volatility. Some analysts are skeptical of the growing dominance of Altcoin trading volume, which is above 50%. According to CryptoQuant contributor Maartunn, the Altcoin dominance warns of “a potential risk for further down...

Bitcoin and select altcoins have turned down from overhead resistance levels, indicating that bears remain in control. Gold has been an outperformer in 2022 compared to the United States equities markets and Bitcoin (BTC). The yellow metal is almost flat for the year while the S&P 500 is down more than 19% and Bitcoin has plunged roughly 64%.  The sharp fall in Bitcoin’s price has hurt both short-term and long-term investors alike. According to Glassnode data, 1,889,585 Bitcoin held by short-term holders was at a loss as of Dec. 26 while the loss-making tally of long-term holders was 6,057,858 Bitcoin. Daily cryptocurrency market performance. Source: Coin360 In spite of gold’s good showing and Bitcoin’s dismal performance in 2022, billionaire investor Mark Cuban continues to favor Bitcoin over gold. While speaking on Bill Maher’s Club Random podcast, Cuban told Maher, “If you have gold, you’re dumb as fuck.” He advised Maher to “just get Bitcoin.” Could Bitcoin lead a recovery in ...

Data from Dot Insights show that Polka DOT ’s ( DOT ) daily new accounts on the network grew nearly 10 times. Meanwhile, the number of active accounts increased four times. Dot Insights is a project that monitors the development of the Polka DOT ( DOT ) and Kusama (KSM) ecosystems. As per the data on Dot Insights, the number of active accounts rose from 1,100 to 4,516, accounting more than a 300% increase. In the past 2 weeks, data from @subscan_io showed that the number of daily new accounts on @Polka DOT rose nearly 10 times, while active accounts increased 4 times🤩 Cleary in #Web3, decentralization matters. pic.twitter.com/do08So0qCS — dotinsights (@dotinsights_xyz) November 14, 2022 Both spikes can be partially related to the liquidity leaving centralized exchanges. With the collapse of FTX, one of the largest exchanges in the world, investors are realizing that their tokens are safer in their possess...