A 76% spike in XRP "mega whale" addresses since December 2021 has been noted by analytics firm Santiment showing that they added a total of 897 million tokens, worth over $712 million as of Feb. 18, to their reserves.
The platform further highlighted that the XRP accumulation witnessed in the last three months was the second-largest in the coin's existence. The first massive accumulation took place in November–December 2020 that saw whales depositing a total of 1.29 billion XRP to their addresses.
ETH could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern.
Ascending triangles are bullish continuation setups that appear during an uptrend. Analysts confirm their presence after the price rises upward inside a rising right-angle triangle structure, thus forming a sequence of lower highs on the lower trendline with resistance in place at the upper one. As the pattern develops, volumes typically drop. So far, Ether has been forming a similar upside pattern on its weekly chart. In detail, the triangle’s lower trendline has been acting as an accumulation range since the beginning of 2021, with high selling pressure at the upper trendline, as shown below.
A basic tenet of ascending triangle patterns is that they can precede a significant price rally. On higher timeframes, another technical pattern paints a bullish target of $4,000
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We have made forecast cards more informative and improved their design.
Now, under the current price, the forecast completion percentage is displayed.
The icon "🔥" indicates that the target price has been updated.
Tether's amount of daily active address on its network has quietly fallen to two-year lows, rapidly dropping after mid-November's Bitcoin alltimehigh. Historically, we've seen less over stablecoin transactions coincide with following BTC rises.
Читать полностью…ETH price posts fastest recovery to date from 50% drawdown
ETH’s price jumped on Feb. 7 in part due to KPMG, part of the Big Four accounting giants, announcing that the firm is adding Bitcoin (BTC) and Ether to its Canadian division’s balance sheet. Bitcoin rallied to over $45,500 in the wake of the news, its best level in almost a month.
You can see the success of ETH forecasts on STIPS|Oculus
Successful completion of the bitcoin forecast by Stips|Oculus. Three days ago, a forecast was formed, which is being worked out and regularly updated.
Please note that Stips|Oculus is just one of the cryptocurrency price analysis tools that you should use when making trades. Use a forecast, put a stop loss or not, it should be your own decision.
Bitcoin, Ether Advance as Amazon Share Surge Buoys Tech Stocks.
Strong earnings from Amazon bolstered confidence in technology stocks, which digital tokens have largely tracked.
Bitcoin rose as much as 3.4% to $38,221, while Ether rallied as much as 7.1% to $2,850.
You can see to ETH predictions on STIPS|Oculus
Pay attention to Github analysis. Github code commitments by developers can give you an idea of the activity and overall health of a project. In other words, whether the founders are still committed to their crypto project or they are not interested anymore.
You would probably agree that this information could be useful given the potential price fluctuations. If the developers are working on a project, it is very likely that a token price will be growing. This instrument works very well for long-term investments.
What are the benefits of our Github Analysis?
You can get information on 1149 cryptocurrencies.
To do that, you need to type a cryptocurrency symbol (or a ticker) in the field “Select An Asset”.
Then specify a period under review. To do that, you need to select one of the below listed variables in a search box “Select A Period”
Upcoming Crypto Events
01 Feb 2022
Theta Network (THETA) - TDROP Launch. TDROP distribution will begin as planned on February 1st. On that day, every THETA holder that staked between August 1st 2021 and January 15 2022 will receive a proportional share of the 1.33b TDROP initially distributed to stakers.
07 Feb 2022
Harmony (ONE) - Bitcoin Bridge. Harmony will launch Bitcoin Bridge, which allows users to spend BTC on DeFi projects, while transaction fees and speed will depend on Harmony.
A new report from Cathy Woods’ Ark Invest forecasts Ether will meet or even exceed a $20-trillion market capitalization within the next 10 years, which would equate to a price of around $170,000–$180,000 per ETH.
The prediction in Ark Invest’s report “Big Ideas 2022” is predicated on how quickly the Ethereum network has grown in utility and efficiency. Much of the growth over the past two years has come from decentralized finance.
What’s more, DeFi is a lot more efficient, too. Ark estimated that DeFi outperformed traditional finance over the last 12 months in terms of revenue per employee from $88 million to $8 million.
You can see the success of ETH forecasts on STIPS|Oculus
Grayscale Adds 25 Digital Assets to Its 'Under Consideration' List, Including DeFi, Metaverse Projects
Grayscale's additions to its list of "Assets Under Consideration" includes cryptocurrencies for DeFi projects Algorand (ALGO) and Convex (CVX) and metaverse startups The Sandbox (SAND), Axie Infinity (AXS) and Yield Guild Games (YGG). Grayscale updates this list periodically as well as the assets it already holds.
Grayscale said that it had added amp (AMP) to a list of 23 other digital assets, including Bitcoin, Ethereum and Cardano, that it holds in its portfolio. AMP is the native token of the Flexa network, a payment network that enables crypto-collateralized payments at physical stores and online.
Fantom Becomes Third-Largest DeFi Protocol by Value Locked.
The value locked on DeFi-centric projects built on Fantom surged 52% in the past week.
Tokens of Fantom have emerged as the top performers in recent months as investors bet on the tokens of layer 1 projects – protocols with their native blockchains, such as Fantom or Solana – as an alternate to Ethereum.
Bitcoin Miners Start Pulling Machines Out of Kazakhstan.
Companies, legally operating mining facilities, have already relocated around 30% of their mining equipment elsewhere.
The miners have been influenced by the persisting issues with energy supply and an expected tax increase.
Kazakhstan became a mining hotspot following China’s decision to launch a nation-wide crackdown on the industry in May, and largely due to its capped electricity rates. The country initially welcomed mining companies but since then, their energy-intensive operations have been blamed for a growing power deficit.
The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process, according to Messari.
Cardano currently has $17.04 billion in 24-hour transaction volume, according to data from on-chain analytics firm Messari. With Bitcoin at $18.85 billion and Ether at $5.25 billion. Cardano is in second place in that category and is closing in on the top position for this metric.
Crypto exchange FTX is starting a new gaming unit aimed at encouraging game.
FTX Gaming will offer a "crypto-as-a-service" platform, which will allow gaming companies to launch tokens and offer support for NFTs.
There are 2 billion plus gamers in the world who have played with and collected digital items, and can now also own them. According to DappRadar, there were 398 active blockchain games as of January 2022, up 92% from a year previously.
Morgan Stanley Says Ethereum Less Decentralized, Ether More Volatile Compared to Bitcoin.
The network is less decentralized than bitcoin, with the top 100 addresses holding 39% of ether compared to just 14% for bitcoin.
DeFi and NFTs - which constitute most of the activity on Ethereum - are subject to rapidly evolving regulations, and any new rules that restrict areas, such as finance, could see reduced demand for transactions on the network.
Ethereum needs to store a huge amount of data, and the network needs to be faster and less expensive to use per transaction than its competitors.
Volatility is also an important risk factor for ether as it has been more volatile than bitcoin, Morgan Stanley said, adding that since 2018 ether has been about 30% more volatile than bitcoin.
Tech Stock Turmoil Outstrips Bitcoin Volatility in Rare Reversal.
Based on five years of price movements, Bitcoin has moved more than one standard deviation from its average in either direction just five times so far this year, according to data compiled by Bloomberg. That compares to 12 times for the tech-heavy Nasdaq 100 index. The only other time that’s happened in the last five years was in 2020, when the onset of the pandemic roiled equity markets.
The Top ‘Ethereum Killers’ Compared
Until then, so-called “Ethereum killers” are building up momentum and occupying a growing share of the non-fungible token (NFT) market, although Ethereum still maintains about 80% of NFT transactions.
Solana (SOL)
Large institutions such as JPMorgan and Bank of America have expressed their confidence in Solana, even saying it could become the “Visa of the digital asset ecosystem.” Solana is also backed by top venture capital firm Andreessen Horowitz – which isn’t always considered a good thing in the world of Web 3.
Tezos (TZX)
Coming fast on the scene is Tezos, another smart contract-capable blockchain used to issue new digital assets and create decentralized applications, or dapps. Several notable projects have launched on Tezos, including those in the fashion, music, gaming and art industries. Tezos was one of the first networks to use a proof-of-stake (PoS) consensus mechanism. Is also known for its dapp security.
Polkadot (DOT)
Known for a feature called “interoperability.” Its infrastructure connects several blockchains together into a single network, enabling them to exchange data without compromising their security. Interoperability is therefore essential for the future of Web 3, in which services, products and currency will move throughout what many hope will be a decentralized digital ecosystem.
Cardano (ADA)
Crypto insiders are keeping an eye on Cadano, which has performed modestly, because of the recent release of Cardano’s first decentralized finance (DeFi) exchange, SundaeSwap. Time will tell whether Cardano can unseat Ethereum, or if similar learning curves will occur as more users transact on the Cardano blockchain.
Using integrated AI algorithms, the STIPS|Oculus Platfrom generates trading signals whose progress can be tracked. For this purpose, we provided an indicator that tracks the signal’s performance. This indicator is located under every signal’s card.
Crypto Signals instruction
Upcoming Crypto Events
10 Feb 2022
APENFT (NFT) - Airdrop. APENFT (NFT) airdrop to holders of TRON-family tokens ( TRX, BTT (BTTOLD), WIN and JST) and participants in TRON DeFi mining. Users are not required to take any additional action. As of now, exchanges and wallets that support APENFT (NFT) airdrops include Binance, Huobi, Lbank, Bibox, Bitrue, BitZ, Poloniex, BIKI, Digifinex, Jubi, Bitforex, imToken, HBTC/BHEX, Bithumb, Crex24, Newdex, Math Wallet, Upbit, Gate
10 Feb 2022
The Sandbox (SAND) - Web3 Land Sale. This will be your chance to purchase one of the 550+ LANDs for sale next to our newest partners that are claiming their stake of the map.
Russia's Minister of Finance Suggests Letting Banks Sell Crypto.
Cryptocurrencies should be treated like investments in gold and other assets, the minister wrote in a letter to the prime minister.
Mr. Siluanov suggests banks can be authorized to provide cryptocurrency exchange services and licensing rules will be introduced for other types of businesses as well. For companies that aren't licensed, providing crypto services would be treated as a criminal offense.
The Bank of Russia and Rosfinmonitoring, Russia's anti-money laundering (AML) agency, must have access to the information about cryptocurrency-related transactions, and the Transparent Blockchain transaction tracking system must be used, Siluanov said.
Such an approach would put cryptocurrencies on an equal footing with precious-metal accounts in banks and other regulated investment tools, with obligatory know-your-customer and AML checks for buyers, taxation and regulated fiat on-ramps.
Bitcoin owners expect a rebound to $55 000 in six months.
Bitcoin has lost about 45% of its value from its record high in November, but it didn’t dampen some retail investors’ interests, as they expect the price to bounce back and are “buying the dip,” a new study finds.
Roughly 21% of U.S. adults surveyed by data intelligence provider Morning Consult were considering buying bitcoin.
Despite the recent downturn, bitcoin owners on average expect the crypto’s price to rise to around $55,223 in six months, according to the report. People who hold more than $500 in bitcoin are the most bullish, expecting the crypto to climb to $62,439 in the next six months.
Generally speaking, bitcoin investors tend to be more tolerant to risk, and are four times more likely to accept financial risks than the general population, according to Morning Consults’s report.
Ethereum Whales Go On $88 Million Shiba Inu Buying Spree.
A single address has been behind a purchase of almost $40 million in Shiba Inu.
According to data from IntoTheBlock, 59% of all Shiba Inu holders are now in loss, while only 38% of holders remain in profit.
List of projects in which Binance invests.
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#news
PayPal Reportedly Discussing Its Own Stablecoin
Initially reported by The Block, several unnamed individuals quoted to be familiar with the situation state that PayPal is engaging with a number of different developers, including Ava Labs, around the potential launch of their own stablecoin. With PayPal reportedly engaging with a number of different stablecoin developers, it’s rumored that PayPal could likely lean on a third-party company to develop the firm’s coin.
Ava Labs crypto, AVAX, had a surging start to 2021 but has cooled off and remained relatively stable in recent months. Ava Labs is fresh off the heels of announcing partnerships with The Graph and AllianceBlock in recent months.
Adoption of broader mainstream crypto within major companies continues to grow, exemplified by this and other recent company discussions, such as eBay CEO Jamie Lannone discussing new potential payment options and potential utilization of NFTs in recent days.