Connect with us

Market

Cardano Price Sees Short-Term Gains After Chang Hard Fork

Published

on


Cardano’s (ADA) much-anticipated Chang hard fork has put some of its holders in gains in the past 24 hours. Transactions involving the altcoin have returned more gains than losses during that period.

However, this may be temporary as the altcoin eyes its August 5  low.

Cardano Upgrade Puts Holders in Profit

As reported earlier, Cardano’s Chang hard fork, which occurred on September 1, was a “sell the news” event. Its whale investors reduced their holdings by selling large amounts of ADA after the upgrade was implemented, putting downward pressure on the price.

However, the tides have since changed as daily transactions involving the altcoin have begun to yield profits. This is evident in ADA’s positive ratio of daily transaction volume in profit to loss. On Thursday, this sits at 1.15, indicating that for every ADA transaction that ends in a loss, 1.14 transactions have returned a profit.

Cardano Ratio of Daily On-Chain Transaction Volume in Profit to Loss
Cardano Ratio of Daily On-Chain Transaction Volume in Profit to Loss. Source: Santiment

The reason for this is not far-fetched. ADA’s price decline has slowed over the last 24 hours, giving traders an opportunity to sell for profits if they bought at lower prices. ADA is currently trading at $0.32, reflecting a 0.39% uptick in that time frame.

While this may prompt a rally in new demand for ADA, traders must understand that its current uptick may be shortlived as indicated by the coin’s negative price daily active address (DAA) divergence. This indicator, which tracks whether a corresponding network activity supports an asset’s price movement, is -30.93% at press time. 

Read More: Cardano (ADA) Price Prediction 2024/2025/2030

Cardano Price Daily Active Address Divergence
Cardano Price Daily Active Address Divergence. Source: Santiment

When an asset’s price climbs while its price DAA divergence remains negative, it suggests only a few unique addresses are actively trading. This is usually interpreted as a warning sign that the price uptick is due to speculative activity or trading by a small group of investors or whales who are artificially inflating the asset’s price.

ADA Price Prediction: The Troubles Are Far From Over

Although ADA has logged some uptick over the past 24 hours, it is still trailed by bearish bias. This is clear from the position of the dots of its Parabolic Stop and Reverse (SAR) indicator. At press time, these sit above ADA’s price.

When this indicator, which helps identify an asset’s trend direction and potential reversals, is set in this manner, it signals a continued market decline. This suggests that the asset’s price has been falling, and the downtrend may persist.

Read more: How To Buy Cardano (ADA) and Everything You Need To Know

ada price prediction
Cardano Price Analysis. Source: TradingView

If this trend continues, ADA’s value could revisit its August 5 low of $0.27. However, if the altcoin witnesses a spike in new demand, its price may rally toward $0.39, invalidating the bearish projections above.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Market

ETH Exchange Withdrawals Fall to Lowest in Months

Published

on


Ethereum’s inability to establish a strong foothold above $2,000 continues to dampen investor sentiment, causing many traders to keep their assets liquid in case of a potential selloff. 

This cautious stance is reflected in ETH withdrawals from exchanges, which have plunged to a seven-month low.

ETH Exchange Activity Signals Growing Bearish Sentiment

An assessment of Ethereum’s exchange transaction dominance shows a significant decline in ETH withdrawals since late January. According to Glassnode, ETH’s exchange withdrawal transactions totaled 59,755 coins on Tuesday, marking its lowest single-day count since August 31. 

Ethereum Exchange Transaction Dominance
Ethereum Exchange Transaction Dominance. Source: Glassnode

When ETH withdrawals from exchanges drop, it means fewer investors are moving their holdings to private wallets or cold storage. This suggests they are not planning to hold the coin long-term. Instead, they are keen on keeping their ETH coins on exchanges; a trend that signals a readiness to sell.

At the same time, ETH deposits have climbed, confirming the increasing selling pressure in the market. According to Glassnode, the number of ETH coins sent to exchanges has surged by 10% since the beginning of March.

Ethereum Exchange Transaction Dominance.
Ethereum Exchange Transaction Dominance. Source: Glassnode

When an asset’s exchange deposits spike like this, more investors are moving their holdings onto exchanges, often in preparation to sell. As bearish sentiment grows weaker, these coins are sold for profit, putting more downward pressure on ETH’s price. 

Will ETH’s Uptrend Hold? Bulls Face Resistance at $2,148

At press time, ETH is trading at $2,073, marking a 3% gain over the past week as part of the broader market recovery. 

On the daily chart, the leading altcoin follows an ascending trendline, signaling sustained price growth. If bullish momentum intensifies and exchange withdrawals increase while deposits slow, ETH could maintain this trend and reclaim the $2,148 level. 

ETH Price Analysis
ETH Price Analysis. Source: TradingView

However, if exchange activity remains unchanged and selling pressure rises, ETH risks breaking below the ascending trendline, potentially falling to $1,759.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

PEPE vzrástol o 20 %. Pozornosť však púta AI Pepe meme coin

Published

on


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Este artículo también está disponible en español.

Meme coiny konečne ožívajú. Na čele stojí populárny coin PEPE a hneď za ním celá rada obľúbených coinov. Neistotu, ktorá vládla na trhu už od januára vystriedal optimizmus. Pepe coin vzrástol o viac ako 20 % a predikcie signalizujú pokračovanie tohto trendu.

Držitelia Pepe teraz naviac sústreďujú časť svojich prostriedkov do novej AI verzie Pepe the Mind (MIND). Ak táto kryptomena s vlastným AI agentom bude pokračovať rovnako úspešne, ako počas predpredaja, mohla by dokonca prekonať úspechy samotného PEPE.

Preskúmať projekt Mind of Pepe

Meme coiny idú hore: Trh si polepšil o 9 miliárd dolárov

Prvá polovica marca bola pre trh s meme coinmi doslova bezútešná. Po medveďom trhu, ktorý trval od januára, stratili meme coiny počas prvých dvoch marcových týždňov 33 %. Kým ešte 3 marca bola táto hodnota na 65,36 miliardách dolárov, už o dva týždne trh registroval len 43,31 miliárd $.

Avšak tu sa tento pokles konečne zastavil a ceny meme coinov ožívajú. Dôvodov je niekoľko. Za zmienku stojí zmiernenie colnej politiky USA voči svojim obchodným partnerom a rozhodnutie Federálneho rezervného systému (Fed) nezvyšovať úrokové sadzby. Fed plánuje do konca roka pristúpiť k ich znižovaniu. To je dobrá správa pre investorov, ktorí zvažujú doplniť svoje portfólio o rizikovejšie aktíva s vyššou mierou výnosnosti.

Pri bližšom pohľade na údaje z CoinMarketCap si najlepšie vedie práve coin PEPE. Cena PEPE stúpla za posledných 7 dní o 20,1 %, DOGE o 19,2 % a na treťom mieste je coin SHIB s nárastom o 18,9 %.

meme coiny trhová kapitalizácia Zdroj: coinmarketcap.com

Držitelia PEPE môžu očakávať ďalší rast

PEPE sa aktuálne obchoduje okolo 0,0000089 $ a analýza trhu naznačuje, že by mohol pokračovať v ďalšom raste.

Podľa údajov IntoTheBlock sa priemerný čas držania obchodovaných coinov PEPE za posledné dva týždne zvýšil a dosiahol objem 2,67 bilióna. Ak bude tento trend pokračovať, PEPE si môže udržať svoje zisky z posledných 14 dní.

objem obchodovaní PepeZdroj: cnn.com

Súčasne hodnota Relative Strength Index (RSI) prekonala neutrálnu hranicu, čo signalizuje pokračujúcu býčiu dynamiku. Odborníci odhadujú, že PEPE by sa mohol vyšplhať až na 0,000016. To však za predpokladu, že sa mu podarí prelomiť rezistenciu na úrovni 0,000010 $.

Zdá sa však, že najvýraznejšie zhodnotenia má už PEPE za sebou. Investori teraz siahajú po novej AI verzii Pepe. Poďme sa pozrieť bližšie na AI coin Mind of Pepe (MIND) a dôvody, prečo do neho investori vložili už viac, ako 7,6 milióna dolárov.

Samotná kryptopeňaženka Best Wallet zaradila nový coin MIND medzi top predpredaje pre tento rok.

Nastupuje doba AI coinov: Investori siahajú po Mind of Pepe s autonómnym AI agentom

​Rok 2025 sa nesie v duchu technických inovácií, globálneho ekonomického napätia a hlbokej integrácie umelej inteligencie (AI). Využívanie AI nástrojov je nepopierateľne na vzostupe aj vo svete blockchainových technológií, čo zvyšuje záujem o AI kryptomeny. Kým ešte v roku 2023 predstavoval celkový objem trhovej kapitalizácie len 4,9 miliardy dolárov, dnes majú AI coiny hodnotu 30 miliárd dolárov.

Aj toto je jeden z dôvodov prečo je o nový coin Mind of Pepe (MIND) výrazný záujem. Tento kryptomenový projekt využíva najmodernejší model AI na analýzu trhu a interakciu s komunitou.

Držitelia tokenu MIND budú mať prístup k autonómnemu AI agentovi schopnému analyzovať kryptomenový trh v reálnom čase a poskytovať členom ekosystému tipy k úspešnému obchodovaniu.

Pokročilý AI agent sa bude zapájať do diskusií na relevantných platformách, identifikovať trendy a poskytovať aktuálne informácie o trhovom sentimente.

Mind of Pepe AI meme coinZdroj: mindofpepe.com

O token MIND je záujem nie len zo strany nadšencov tematiky Pepe the Frog, ale vďaka novej funkcionalite tiež aj zo strany investorov, ktorí sa chcú zorientovať v komplexnom svete kryptomien. Interakcia s AI agentom im umožní optimalizovať obchodnú stratégiu a získať výhodu na tomto neustále sa meniacom trhu.

V predpredaji sa vyzbieralo už viac ako 7,6 miliónov dolárov. Obzvlášť silný záujem je tiež o pasívny príjem, ktorý ekosystém Mind of Pepe umožňuje. Po kúpe tokenov MIND ich totiž môžete uzamknúť na dlhšie časové obdobie s ročnými odmenami za staking vo výške až 295 %.

Token MIND si môžete kúpiť za aktuálnu predpredajnú cenu 0,0035946 $ priamo na domovskej stránke projektu, alebo v aplikácii Best Wallet.

Prejsť na projekt Mind of Pepe



Source link

Continue Reading

Market

Onyxcoin Traders Bet on Recovery, Despite 70% Market Drop

Published

on


Onyxcoin has struggled since reaching a year-to-date high of $0.04 on January 26. It has since shed over 70% of its value to trade at $0.011 at press time.

However, the renewed optimism in the broader crypto market is shifting sentiment toward XCN, setting it up for a recovery.

XCN Traders Bet Big on a Comeback

On-chain data suggests that demand for long positions is increasing, hinting at a resurgence in traders’ confidence. At press time, XCN’s long/short ratio is at 1.35, its highest in over 30 days

XCN Long/Short Ratio
XCN Long/Short Ratio. Source: Coinglass

The long/short ratio measures the proportion of long positions (bets on price increases) to short positions (bets on price declines) in the market. A ratio below one means there are more short positions than long ones. Conversely, a ratio above one suggests that traders are taking more long positions, signaling a bullish outlook on the asset. 

When the ratio is this high, traders expect the price to rise, increasing the buy orders in the market. If this continues, it will drive up XCN’s demand and, as a result, its price. 

Additionally, the token’s weighted sentiment is positive, further reinforcing the notion that investors’ confidence in XCN’s short-term recovery is increasing. At press time, this on-chain metric stands at 0.82. 

XCN Weighted Sentiment.
XCN Weighted Sentiment. Source: Santiment

An asset’s weighted sentiment measures its overall positive or negative bias, considering both the volume of social media mentions and the sentiment expressed in those mentions. 

When it is positive, it is a bullish signal. It indicates a growth in positive bias toward XCN, which could prompt its investors to increase their trading activity, driving up its value. 

XCN Bulls Eye a Break Above Descending Channel

On the daily chart, XCN is poised to break above the upper trend line of the descending channel which has kept its price in a decline since January 26. 

If successful, the bullish breakout could propel the token’s price to $0.022, a high it last reached on February 18.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView

If the downtrend persists, XCN could fall below the lower trend line of its descending channel which forms support at $0.0085. In this scenario, its price could drop lower to $0.0075.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io