Interest

Following Dogecoin USD price action, all indications on the Dogecoin USD price chart point to a growing potential for Dogecoin USD to get a price surge soon. This is coming more importantly at a time when we are closer to the 2024 bull season. As investors close in on the crypto market, we are set to see a massive inflow of money take the Dogecoin USD on a climb to a new high. However, while the Dogecoin USD price is…

Shiba Inu (SHIB) has recently experienced a significant surge in price, driven in part by increasing institutional interest. As the bullish momentum continues, Shiba Inu (SHIB) holders are looking to diversify their portfolios, with many turning to Mpeppe (MPEPE), an emerging A.I.-powered casino cryptocurrency. Mpeppe (MPEPE) offers enhanced security, privacy, and global access, making it an attractive choice for those seeking new opportunities in the crypto gambling space.   Shiba Inu (SHIB) Rises as Institutional Interest Grows Shiba Inu (SHIB)…

Ripple’s XRP token amassed close to $1 billion in open interest over the weekend, while its price hovers around $0.61 at press time, data from CoinGlass shows. What’s Different About XRP Price Action? While the top two cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have been down 1.5% and 2.3% over the past week, XRP has been up 4.1% during the same period. Several factors could explain XRP’s counter-trend price action. For example, digital asset manager Grayscale Investments recently launched a…

According to Steno Research, Ethereum’s (ETH) days of underperformance against the wider crypto market might be numbered following the US Federal Reserve’s (Fed) decision to cut interest rates. It’s Time For Ethereum To Shine Again Regarding price appreciation, ETH hasn’t had a particularly impressive 2024. While Bitcoin (BTC) and altcoins like Solana (SOL) and Tron (TRX) have witnessed considerable price gains, ETH is still trading at its January 2024 price levels. Notably, the second largest digital asset by market cap…

On-chain data shows three altcoins are observing a high transaction activity from the whales after the US Federal Reserve (Fed) announced a rate cut. Whale Transaction Count Has Spiked For These Altcoins Recently In a new post on X, the on-chain analytics firm Santiment has discussed the Whale Transaction Count trend for three altcoins. The “Whale Transaction Count” here refers to an indicator that keeps track of the total number of transactions taking place on a given cryptocurrency network that…

With the market recovery, open interest in major assets has been rising, but it seems Dogecoin is not following this trend. The meme coin has remained muted with a failure to move like other large caps such as Bitcoin and Solana. Naturally, the direction of open interest can have an impact on the performance of Dogecoin’s price. So, what could this muted open interest mean for the meme coin’s price going forward? Dogecoin Open Interest Fails To Move According to…

Bitcoin (BTC) reacted to the Federal Open Market Committee (FOMC) meeting on Wednesday, which showed policymakers resorted to a 50 (0.50%) basis points (bps) interest rate cut for September. This decision marks the beginning of an easing cycle, with more rate cuts to come in 2024. FOMC Cuts Interest Rates, Bitcoin Jumps Over $60,000 The Federal Reserve has cut interest rates by 50 basis points, the first reduction since early 2020. Financial markets, including crypto investors, had been expecting this…

Ethereum (ETH) holders appear to be adopting varying strategies amid ongoing market uncertainty, latest data from CryptoQuant shows. Particularly, according to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Darkfost,’ a noticeable shift in ETH’s investor behaviour is taking place. So far, larger holders of Ethereum and smaller retail investors are exhibiting signs of inactivity, while mid-sized holders show a measured increase in their holdings. This divergence in strategies among these market participants may provide insight into Ethereum’s…

Fantom (FTM) has been soaring 17% over the past week, on a quite decent trend, with strong support recorded in the area of $0.47-$0.48, data from IntoTheBlock indicates. This suggests that the price jump may be connected to increased demand and growing network interest. Approximately 1,560 addresses bought 242.56 million FTM tokens in this range, thereby providing a firm base for the recent run. Crypto trader Mister Crypto mentioned the network’s ongoing development, saying, “It’s one of my major holdings,…