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As the crypto market struggles to shake off the weakness of last week, the latest sentiment data from Santiment shows that token holders and traders are bearish on some of the top altcoins. According to their recent analysis, token holders are bearish the most on Chainlink–a middleware solution that powers DeFi and NFTs, Ethereum, Solana, and Bitcoin. Out of their assessment, it is interesting to note that these coins on focus are those in the top 10, except for Chainlink…

The ability to spot a gem out of the multitude is a characteristic that only professionals have. In the cryptocurrency industry, this skill is needed. The number of crypto projects skyrocketed to a new height in 2024; however, as much as there are innovative players, there are also some bad players. Amazingly, in 2024, despite all odds in the crypto industry, tons of unique projects have been gradually coming to the limelight—not because of paid hype but because of their…

Singapore, Singapore, October 10th, 2024, Chainwire Leading industry investors join forces to support Yala's vision of a connected multi-chain ecosystem with Bitcoin. Yala, a liquidity protocol and stablecoin issuer for Bitcoin, has announced the successful completion of its 3x oversubscribed seed funding round. The round was co-led by Polychain Capital and Ethereal Ventures, with participation from prominent investors, including Galaxy Vision Hill, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, UpHonest Capital, UTXO Management,…

The SUI meme coin sector is experiencing explosive growth, riding the wave of SUI's native coin which has seen astonishing gains of over 100% in recent months. Amidst this frenzy, a new contender has emerged, captivating investors and meme enthusiasts alike: Suirum ($SUIR). Suirum isn't just another meme project; it's a revolution in the making. With its highly anticipated $SUIR token presale now live, early adopters have a golden ticket to what could be the next viral sensation in the…

Although the Bitcoin price faces challenges in breaking out significantly from its support level of $60,000, recent on-chain data reveals a fascinating shift in sentiment among Bitcoin enthusiasts. Despite the ongoing price corrections, it appears that long-term holders remain undeterred. In fact, about 15,917 BTC, valued at approximately $987 million, has been withdrawn from various cryptocurrency exchanges over the past week. Bitcoin Exits Crypto Exchanges In Droves According to a previous report by NewsBTC, Bitcoin’s recent dip to $60,000 can…

Levi Rietveld, a popular crypto analyst with 122,000 followers on X, has released a new video detailing how XRP could potentially surge to $60 overnight by capturing a fraction of SWIFT’s transaction volume. “XRP will hit $60 overnight with this SWIFT news! Here’s the math!!” he teased via X. How XRP Could Skyrocket To $60 Overnight In his analysis, Rietveld delves into the mechanics of SWIFT, the global financial messaging network that processes a significant portion of international payments. He…

As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period. The growth of NEAR is in line with a larger trend in the AI cryptocurrency market. This shows that blockchain and AI are becoming more and more intertwined. This…

Solana is once again in the headlines, this time for having a major surge in development activity, keeping it ahead of its competition with Arbitrum and Avalanche. According to Santiment, the development activity regarding Solana has increased by 10.7% just within the last week, and the signal is clear that developers and projects alike are interested in this space. Looking at full crypto ecosystem development activity provides nice long-term roadmaps as to which are innovating and gaining on the ultra-competitive…

Bitcoin has recently seen quite an interesting trend in its key metrics suggesting a significant movement ahead, according to a post by CryptoQuant analyst Amr Taha. The post, shared on the CryptoQuant QuickTake platform, highlights notable changes in both long-term and short-term holder behaviour of Bitcoin, as well as in realized profit and loss figures. Key Bitcoin Metrics Suggesting Market Shifts Taha begins by explaining the fundamental difference between short-term and long-term Bitcoin holders. Short-term holders (STH) are traders who…