Bitcoin’s recent price action has been exciting, but its on-chain data offers deeper insights. The MVRV Z-Score, the Puell Multiple, the Net Unrealized Profit and Loss (NUPL), and the Long-Term HODL Wave metrics indicate that Bitcoin is still in the early to middle stages of the bull market. These metrics Continue Reading
recent price
Analyzing Bitcoin’s Current Bull Run with On-Chain Data
Ethereum Consolidation: Price Pullback to $3K Region and Potential Bullish Leg
Ethereum’s recent price movements show a period of consolidation after being rejected near the significant $3.5K resistance level. This suggests a potential pullback to the $3K region, coinciding with the 200-day moving average, which could serve as a platform for the next bullish leg. Ethereum has shown remarkable bullish strength, Continue Reading
Polygons MATIC Price Surge: Factors Driving Growth and Future Predictions
Polygon’s (MATIC) recent price increase can be attributed to several factors. As a Layer 2 solution, Polygon helps solve Ethereum’s high gas fees and slow transaction speeds, attracting more developers and investors to its platform. Its recent partnerships, such as Magic Labs collaborating to create the Newton network, and the Continue Reading
Chainlinks Price Momentum and Whale Activity Signal Possible Rally to 30
Chainlink’s recent price momentum has fueled speculation that it may rally to $30, as several key technical indicators suggest further growth. Whale activity has reached a three-month high, with large holders accumulating an additional $369.8 million worth of the token over the past seven weeks. This increase represents an 8.2% Continue Reading
Cardano ADA Price Concerns: Is It Still Possible to Reach 10 in 2025 or Cardano on the Downtrend: Is 10 in 2025 Still Possible
Cardano’s recent price decline has raised concerns about its ability to reach the previously expected $10 price target by 2025. Many investors are now looking at alternative investments with more growth potential, such as Rexas Finance (RXS). This platform aims to simplify and democratize the creation and management of digital Continue Reading
Bitcoins Price Struggles Amid US Presidential Election Tension
Bitcoin’s recent price movements have been volatile, with the primary cryptocurrency skyrocketing to $73,500 for the first time since March 2024. However, in the following days, it lost momentum and is currently struggling at around $67,700. The decline in Bitcoin’s price has been linked to the US presidential elections, with Continue Reading