New data from market intelligence platform IntoTheBlock reveals that the market cap of memecoins has hit its highest level since 2021. In a new article, IntoTheBlock’s head of research, Lucas Outumuro, says that the aggregate value of meme assets has nearly tripled in Q1 of 2024 to $56 billion. “Demand for memecoins hit the highest […]
The post Market Cap of Memecoins Hit $56,000,000,000 in Q1 As Demand Soared to Highest Level Since 2021: IntoTheBlock appeared first on The Daily Hodl.
Leading smart contract platform Ethereum (ETH) is showing signs of growth despite its underperformance and the regulatory uncertainty surrounding it, according to market intelligence firm IntoTheBlock. In a new article, the head of research at the crypto analytics platform says that Ethereum volumes are reaching levels they haven’t seen in years, signaling growth. “Ethereum has […]
The post Ethereum Network Flashing Signs of Growth Amid Regulatory Uncertainty and Underperforming Price: IntoTheBlock appeared first on The Daily Hodl.
A widely followed crypto analyst says that smart contract platform Cardano (ADA) has formed a chart pattern that potentially indicates an upcoming rally. In a new thread, crypto strategist Ali Martinez tells his 44,000 followers on the social media platform X that the price of ADA could go up based on the cryptocurrency’s descending triangle […]
The post Cardano (ADA) Flashing Signs of a Potential Rally, According to Crypto Analyst Ali Martinez – Here’s His Target appeared first on The Daily Hodl.
New data from crypto intelligence firm IntoTheBlock finds that Bitcoin (BTC) whales have accumulated billions of dollars worth of the crypto king in less than 30 days. In a new article, the crypto analytics platform says the amount of BTC held in wallets with over 1,000 Bitcoin has sharply risen during the first month of […]
The post Bitcoin Whales Accumulate $3,000,000,000 in BTC in Less Than a Month, According to IntoTheBlock appeared first on The Daily Hodl.
One Ethereum (ETH) layer-2 scaling solution has witnessed staggering address growth since January, according to the crypto analytics firm IntoTheBlock. The firm notes that Optimism’s (OP) network currently clocks more than 5.9 million addresses with a balance, a massive 391% increase from the 1.2 million addresses the project had in January. Optimism’s native token, OP, […]
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New data from a market intelligence firm reveals that holders of Shiba Inu (SHIB) and another memecoin that has more than doubled up during the last few days are still underwater. According to IntoTheBlock, a staggering 79% of holders of popular meme asset SHIB are currently seeing red while only 17% of them are making […]
The post Most Holders of Shiba Inu and One SHIB Rival That’s Surged 115%+ in Days Still Underwater Despite Crypto Bounce appeared first on The Daily Hodl.
Crypto analytics firm IntoTheBlock says that one key metric indicates Bitcoin (BTC) has entered the initial stages of a bull market cycle. In a new blog post, the firm says that Bitcoin’s market-value-to-realized-value (MVRV) ratio is behaving similarly to previous bear-to-bull market transitions. “When the MVRV ratio drops below 100%, it shows that Bitcoin is […]
The post Bitcoin in the Early Stages of a Bull Market, Says Crypto Analytics Firm IntoTheBlock – But There’s a Catch appeared first on The Daily Hodl.
New data from market intelligence firm Santiment reveals that deep-pocketed Chainlink (LINK) holders have conducted their highest number of transactions in three months as the digital asset skyrockets. In a new post on the social media platform X, the crypto analytics platform says that while altcoins have benefited from Bitcoin (BTC) redistribution, the decentralized oracle […]
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Crypto analytics firm IntoTheBlock says that Ethereum (ETH) has just hit a “milestone moment for crypto adoption.” The firm notes Ethereum officially crossed 100 million addresses with a balance. Fellow crypto analytics firm Glassnode reported that the number of non-zero ETH addresses was more than 100,000 back in July, but IntoTheBlock says it excluded “dust” […]
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Crypto analytics firm Santiment finds that large wallets are gobbling up the native asset of the decentralized oracle network Chainlink (LINK). Santiment notes that addresses holding between 100,000 and 1 million LINK have accumulated $38.5 million worth of the crypto asset in the past week. The firm says those significant wallet moves are “more relevant […]
The post Large Chainlink Holders Accumulate $38,500,000 in LINK in One Week While Retail Traders Take Profit: Santiment appeared first on The Daily Hodl.
