Crypto Push

2023-12-30 14:00:53 What Bitcoin’s 2024 predictions say about the king coin’s prices

Bitcoin miners move away?
The Miner to Exchange Flow metric measures the amount of BTC that is flowing from miners to exchanges. When this metric rallies, miners sell more BTC than they are mining.

This is a sign that miners are bearish on the price of BTC and are mostly interested in selling their holdings.

Also, BTC’s Miner Reserve, which measures the number of coins held in affiliated miners’ wallets, confirmed coin exits from miners’ wallets within the period under review.

The last time this metric was close to such high levels was during the bull market in 2021, when 95% of all UTXOs were held in profit. Open / Comment

2023-12-27 20:00:31 Optimism, Arbitrum and how 2023 was the year of the L2s

2023 saw increased L2 usage
Ethereum’s transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism – “Merge” – in September 2022 propelled the demand for the network.

Base’s not-so-brief stint at the top of the world
In August, the launch of Base, Coinbase’s scaling solution built on Ethereum, onboarded a new cohort of users into the L2 ecosystem. Less than a month after Base launched, user activity on the network surpassed that of already-existing protocols such as Arbitrum and Optimism [OP].

User activity on Optimism and Arbitrum in December
The last month of the year saw an uptick in user activity on Optimism. According to data from Etherscan, daily transaction count grew by 40%. Open / Comment

2023-12-25 15:02:02 xChief Grand "Golden Whale" Contest

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English xChief community:
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2023-12-24 21:00:18 FUD around DYDX rises: Should you be concerned?

FUD around DYDX is rising!
Santiment recently posted a tweet highlighting the behavior of a few cryptos. As per the tweet, DYDX and several other coins had witnessed a substantial rise in negative sentiment.

Is DYDX expecting a price correction?
Since the increase of its FUD, AMBCrypto checked the token’s supply to see whether there was a sell-off. Our analysis found that investors were still buying the token. Open / Comment

2023-12-21 17:00:20 Here’s Cardano’s prediction as price nears this support zone

The 23.6% extension and beyond have been important
On the 16th of November, ADA reached the 23.6% extension level before facing rejection. It eventually breached this level on the 5th of December, and has noted rapid gains since then.

The liquidity pools to the north could be swept
The liquidation levels heatmap and found that the $0.54 level was a strong candidate for a bullish reversal. However, whether prices would go further south from here was unclear. Open / Comment

2023-12-18 14:01:07 Bitcoin, Ethereum lose over the weekend: What’s next?

Trading activity declines
Bitcoin has led the broader market rally over the last two months, driven by enthusiasm over the approval of spot ETF applications in the U.S. market.

Derivatives market also go quiet
Speculative interest in the king coin also started fading as the year drew to a close. The Open Interest (OI) in BTC futures dropped more than 9% from last week to $16.95 billion at press time, AMBCrypto observed using Coinglass data.

As we approach the holiday season, we can expect some dip in trading activity due to which the market may remain at current levels. The Bitcoin ETF approval clock is ticking and we can expect a crypto super cycle in 2024 once the final approval is achieved. Open / Comment

2023-12-15 16:00:21 Should Blur investors be concerned about the dip in prices?

BLUR’s NFT space is booming
CryptoDep, a popular X (formerly known as Twitter), recently posted a tweet highlighting one of Blur’s recent achievements.

Blur investors are bearing losses
While the marketplace continued to reach new highs in the NFT ecosystem, the native token took a blow in the recent past as its price dropped. Open / Comment

2023-12-15 13:30:00 Officially: Bitcoin broke +142% in the year chart

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2023-12-12 16:00:58 Of SHIB’s surging burn rate and BONE’s role in it all

Shiba Inu’s Shibarium propels SHIB burn
Shibarium has experienced a remarkable development in the past few days, marked by a surge in transactions on the Shiba Inu platform.

Shiba Inu’s burn rate goes off the roof
According to data from Shibburn, there has been a substantial surge in Shiba Inu’s burn rate within the last 24 hours. Over 8.3 billion SHIB tokens have been burned during this period, representing an impressive 1548111.1% increase in the burn rate.

How Shiba Inu has trended in the last 24 hours
AMBCrypto’s examination of the daily timeframe chart for SHIB showed its alignment with the broader market trend. The chart illustrated a cessation of its recent upward trajectory in the ongoing trading session.

Analyzing BONE’s trend
BONE has played a pivotal role in initiating the anticipated SHIB burn. An analysis of the daily timeframe chart revealed that BONE experienced an upward price trend in the past few days. Open / Comment

2023-12-09 16:01:52 Ethereum spot ETF race heats up: This cohort takes an interest

Institutional inflows into ETH jumps
These recent developments spiked institutional interest in ETH, which until very recently, was failing to attract substantial inflows when compared to Bitcoin.

FOMO grips the ETH market
As of this writing, ETH was exchanging hands at $2,214.48, up nearly 10% over the last week. The market sentiment was leaning towards greed according to AMBCrypto’s analysis of Hyblock Capital’s data. Open / Comment