base-pidgin
/base-pidgin1335
This year go bow to my testimony. Oluwa, make mercy and favor jam me well well before the year go finish. Baba God, I dey wait for my breakthrough! As I dey call una, show for my side!
XRP Whales Buy the Dip: Impact on Price Action
Ripple's (XRP) price has stabilized at $2.32, with whales buying the dip and accumulating the token. On-chain data reveals significant whale accumulation, reduced profit-taking, and strong support levels, hinting at a potential rebound.
Key Highlights:
1. _Whale Accumulation_: Large holders are increasing their XRP balances, intensifying accumulation as the price faces downward pressure.
2. _Key Support Levels_: XRP has found strong support at $2.32, bolstered by the 50-day Moving Average at $1.59.
3. _MVRV Ratio_: The 30-day MVRV Ratio has declined to approximately 5.91%, indicating reduced profit-taking and sell-side pressure.
4. _Price Outlook_: The convergence of whale accumulation, reduced profit-taking, and stabilization above key support levels suggests a cautiously optimistic outlook for XRP.
Ripple's (XRP) price has stabilized at $2.32, with whales buying the dip and accumulating the token. On-chain data reveals significant whale accumulation, reduced profit-taking, and strong support levels, hinting at a potential rebound.
Key Highlights:
1. _Whale Accumulation_: Large holders are increasing their XRP balances, intensifying accumulation as the price faces downward pressure.
2. _Key Support Levels_: XRP has found strong support at $2.32, bolstered by the 50-day Moving Average at $1.59.
3. _MVRV Ratio_: The 30-day MVRV Ratio has declined to approximately 5.91%, indicating reduced profit-taking and sell-side pressure.
4. _Price Outlook_: The convergence of whale accumulation, reduced profit-taking, and stabilization above key support levels suggests a cautiously optimistic outlook for XRP.
Ethereum's (ETH) price has experienced a strong market correction, dropping to $3,095 before recovering by over 7% in 24 hours. Despite this volatility, ETH accumulation address holdings have surged by 60% since August, outpacing previous cycles.
Key Highlights:
1. _Accumulation Address Holdings_: Ethereum accumulating addresses have increased significantly, holding 16% of the total ETH supply, a 60% hike since August.
2. _Buying Pressure_: The uptick in accumulation has driven ETH's price surge from $2,116 to $4,109, with buying pressure outweighing selling pressure.
3. _Taker Buy Sell Ratio_: The ratio has spiked to 1.08, indicating aggressive buying, and long positions dominate the market with 51%.
4. _Price Outlook_: If accumulating addresses continue to surge, ETH could reclaim $3,713, while a drop would see it fall to $3,300.
The surge in accumulation address holdings suggests that investors are confident in ETH's long-term potential, despite short-term market corrections.
Key Highlights:
1. _Accumulation Address Holdings_: Ethereum accumulating addresses have increased significantly, holding 16% of the total ETH supply, a 60% hike since August.
2. _Buying Pressure_: The uptick in accumulation has driven ETH's price surge from $2,116 to $4,109, with buying pressure outweighing selling pressure.
3. _Taker Buy Sell Ratio_: The ratio has spiked to 1.08, indicating aggressive buying, and long positions dominate the market with 51%.
4. _Price Outlook_: If accumulating addresses continue to surge, ETH could reclaim $3,713, while a drop would see it fall to $3,300.
The surge in accumulation address holdings suggests that investors are confident in ETH's long-term potential, despite short-term market corrections.
Uniswap (UNI) has gained 14.33% in the last 24 hours, sparking speculation about its long-term bullish potential. With growing user engagement and reduced selling pressure, UNI may be poised for further growth.
Key Highlights:
1. Price Action: UNI retested key resistance at $17.12, with indicators pointing to a potential breakout.
2. Address Statistics: Active addresses surged by 23.94%, and new addresses grew by 8.42% over the past week, highlighting increasing network activity.
3. _Transaction Count and Exchange Reserves_: Total transactions grew by 1.12%, and exchange reserves fell by 0.64%, signaling reduced selling pressure.
4. _Market Sentiment and Open Interest_: Open Interest climbed by 5.67%, reflecting heightened speculative activity and confidence in UNI's near-term potential.
With robust price action, increasing user adoption, and reduced selling pressure, UNI may be well-positioned to break through the key resistance at $17.12. If this happens, a hike towards $20 or higher seems highly likely.
Key Highlights:
1. Price Action: UNI retested key resistance at $17.12, with indicators pointing to a potential breakout.
2. Address Statistics: Active addresses surged by 23.94%, and new addresses grew by 8.42% over the past week, highlighting increasing network activity.
3. _Transaction Count and Exchange Reserves_: Total transactions grew by 1.12%, and exchange reserves fell by 0.64%, signaling reduced selling pressure.
4. _Market Sentiment and Open Interest_: Open Interest climbed by 5.67%, reflecting heightened speculative activity and confidence in UNI's near-term potential.
With robust price action, increasing user adoption, and reduced selling pressure, UNI may be well-positioned to break through the key resistance at $17.12. If this happens, a hike towards $20 or higher seems highly likely.
*🐾 Paws's new task in the limited section*
*📞 Task's reward : +5,000 Paws*
*⏲ Tap on the mic and allow it to access to your mic and say "WHEN TGE" then claim your reward*
*📞 Task's reward : +5,000 Paws*
*⏲ Tap on the mic and allow it to access to your mic and say "WHEN TGE" then claim your reward*
What a great time to Degen
With the massive 70% token burn event, Avive is preparing something big!
Shine your eyes, scammers have created fake phishing website with wallet connect tab to steal from holders.
This remains the only authentic AVIVE website 👇
https://www.avive.world/
Shine your eyes, scammers have created fake phishing website with wallet connect tab to steal from holders.
This remains the only authentic AVIVE website 👇
https://www.avive.world/
Mint Hey Zorb
Just got FarPoints on @farquest, get your free daily spins before they expire on https://far.quest/school 🎩🎩🎩
Don't give up
Won't give up
VERTUS TODAY CODE 🌐
Today's Code: 2-3-1-2
Where to Enter:
To enter the code, swipe left from the main city tab. You'll find a screen where you can input the correct sequence of 4 islands.
Listing Date : 27 December
👉PLAY : VERTUS
Today's Code: 2-3-1-2
Where to Enter:
To enter the code, swipe left from the main city tab. You'll find a screen where you can input the correct sequence of 4 islands.
Listing Date : 27 December
👉PLAY : VERTUS
Bitcoin's exchange transfers have plummeted to a record low, sparking concerns about a potential price drop. According to CryptoQuant's analysis, the significant decline in exchange-to-exchange transactions may harm the coin's price in the near term.¹
Several indicators suggest a bearish trend for Bitcoin. The coin's net deposits on exchanges are lower than the seven-day average, hinting at increased selling pressure. Additionally, the aSORP indicator is red, indicating that more investors are selling at a profit, which can suggest a market top.
However, not all indicators point to a price drop. Glassnode's accumulation trend score indicator shows a value of over 0.93, indicating high buying pressure on BTC, which is typically a positive signal.
It's worth noting that experts predict a bullish future for Bitcoin, with some forecasting prices up to $200,000 by 2025.² However, market volatility and unpredictable trends make it essential to stay informed and adapt to changing circumstances.
Several indicators suggest a bearish trend for Bitcoin. The coin's net deposits on exchanges are lower than the seven-day average, hinting at increased selling pressure. Additionally, the aSORP indicator is red, indicating that more investors are selling at a profit, which can suggest a market top.
However, not all indicators point to a price drop. Glassnode's accumulation trend score indicator shows a value of over 0.93, indicating high buying pressure on BTC, which is typically a positive signal.
It's worth noting that experts predict a bullish future for Bitcoin, with some forecasting prices up to $200,000 by 2025.² However, market volatility and unpredictable trends make it essential to stay informed and adapt to changing circumstances.
Bitcoin and Ethereum Options Expiry Triggers Market Volatility
The crypto market is experiencing heightened activity following the expiry of major Bitcoin and Ethereum options contracts. The expiry of $2.63 billion worth of options has triggered volatility, with both assets trading below key levels.
Key Highlights:
1. _Options Expiry_: 21,000 BTC options expired with a notional value of $2.04 billion, while 173,000 ETH options expired with a notional value of $590 million.
2. _Max Pain Points_: Bitcoin's max pain point was $101,000, while Ethereum's was $3,750. Both assets are currently trading below these levels.
3. _Market Declines_: Bitcoin has fallen by 6.41% in the past 24 hours, while Ethereum has lost 10.50%.
4. _Increased ETF Outflows_: ETFs are seeing heightened outflows, contributing to market movements.
5. _Options Activity_: Market makers have adjusted positions to align with the high volume of expiring options, with block call options accounting for over 30% of daily trading.
The crypto market is experiencing heightened activity following the expiry of major Bitcoin and Ethereum options contracts. The expiry of $2.63 billion worth of options has triggered volatility, with both assets trading below key levels.
Key Highlights:
1. _Options Expiry_: 21,000 BTC options expired with a notional value of $2.04 billion, while 173,000 ETH options expired with a notional value of $590 million.
2. _Max Pain Points_: Bitcoin's max pain point was $101,000, while Ethereum's was $3,750. Both assets are currently trading below these levels.
3. _Market Declines_: Bitcoin has fallen by 6.41% in the past 24 hours, while Ethereum has lost 10.50%.
4. _Increased ETF Outflows_: ETFs are seeing heightened outflows, contributing to market movements.
5. _Options Activity_: Market makers have adjusted positions to align with the high volume of expiring options, with block call options accounting for over 30% of daily trading.
SOL was the coin of 2021.
Jan 2021: 1$
Nov 2021: 260$
At late December 2020, there was a major dip and there was little hype on solana that time.
Which one is the solana of 2024 ?
Study the past, Look for new winners.
Jan 2021: 1$
Nov 2021: 260$
At late December 2020, there was a major dip and there was little hype on solana that time.
Which one is the solana of 2024 ?
Study the past, Look for new winners.
Avalanche (AVAX) Price Reversal: Key Factors to Watch
Avalanche's AVAX has lost 29% in a week, but several factors suggest a potential price reversal. Whale activity, growing addresses, and declining supply could trigger a bullish momentum shift.
Key Highlights:
1. Growing Addresses: Active Addresses (AA) and New Addresses (NA) have surged, indicating increased market interest and adoption.
2. Whale Accumulation: Large holders are accumulating AVAX, with addresses holding between $1 million and $10 million growing by 24.08% in the past week.
3. Declining Supply: Exchange net outflows have dropped significantly, with $69.21 million worth of AVAX withdrawn from exchanges in the past week.
4. Positive Funding Rate: The Open Interest Weighted Funding Rate has returned to positive territory, signaling sophisticated traders are positioning for a potential rally.
If market sentiment shifts decisively toward bullish momentum, AVAX could experience a substantial price surge, recovering from its weeks-long decline.
Avalanche's AVAX has lost 29% in a week, but several factors suggest a potential price reversal. Whale activity, growing addresses, and declining supply could trigger a bullish momentum shift.
Key Highlights:
1. Growing Addresses: Active Addresses (AA) and New Addresses (NA) have surged, indicating increased market interest and adoption.
2. Whale Accumulation: Large holders are accumulating AVAX, with addresses holding between $1 million and $10 million growing by 24.08% in the past week.
3. Declining Supply: Exchange net outflows have dropped significantly, with $69.21 million worth of AVAX withdrawn from exchanges in the past week.
4. Positive Funding Rate: The Open Interest Weighted Funding Rate has returned to positive territory, signaling sophisticated traders are positioning for a potential rally.
If market sentiment shifts decisively toward bullish momentum, AVAX could experience a substantial price surge, recovering from its weeks-long decline.
Check your Masks stats.
From Effort to Achievement – $GENY Helps You Share Your Path! 🌟 Frame by @compez.eth
From Effort to Achievement – $GENY Helps You Share Your Path! 🌟 Frame by @compez.eth
My people, weekend don show face oh! E no easy, but we dey push go as the year dey pack hin load. Make you take today relax small, enjoy with family and plan better things for the new year wey dey come. Happy weekend.