Allgemeine Informationen

• Solana [SOL] recovered strongly in the past few days, appreciating over 40% after seeing aggressive demand at the lows of $16.
• A surge beyond $27K could give bulls slight hopes of defending the crucial support while any drop below this level could push SOL to breach key support.
• Funding rate and sentiment were positive while development activity stagnated.

Solana Price Analysis

Bullish Recovery After Seeing Aggressive Demand

Solana [SOL] recovered strongly in the past few days, appreciating over 40% after seeing aggressive demand at the lows of $16 on March 10. It broke above its previous high of $21.94 but hit a price ceiling of $22.94, setting it for a retracement.

Price Action and Momentum Indicators

At press time, Bitcoin [BTC] struggled to maintain the $27K zone. Any drop below this level could push SOL to breach key support, while a surge beyond this mark could give bulls slight hopes of defending the crucial support.
Source: SOL/USDT on TradingView
SOL saw increased demand at discounted levels of $16, setting it for the first leg of recovery which however faced rejection at $21.94 sinking SOL to $19.06. The second leg brought about a bearish breaker pushing SOL beyond the bearish order block at $21.94 but hitting a price ceiling at $22.94 attracting bears who sank it to $21.27 where it oscillates currently between that and its upper range ($21-22).

Funding Rate & Sentiment Positive

According to Santiment, SOL registered positive funding rates showing bullish sentiment in derivatives market while weighted sentiment was also positive indicating investors were bullish on asset though development activity has fluctuated slightly in the past few days which might unnerve investors if BTC drops below 27K or increase if BTC increases beyond that mark respectively taking SOL down or up depending on momentum shift respectively with key supports lying southwardly around 19$, 18$ and 17$.

RSI & OBV Analysis

The Relative Strength Index (RSI) retreated from overbought territory and fluctuates slightly above midpoint 50 indicating buying pressure has eased but selling pressure still imminent while On Balance Volume (OBV) fluctuates showing unstable demand which gives bears more leverage should BTC break below 27k tipping short term bears to pull SOL down to 20 closing below 21$ else increasing upwards if BTC increases duelling 24$ and 25$ as overhead resistance points respectively with current oscillation between 21-22 suggesting indecision amongst traders amid volatile market conditions currently prevailing in crypto space overall with bullishness still prevailing albeit diminishing gradually as investor’s confidence dwindles amidst uncertain times yet again due unpredictability among institutional players including retail investors alike as they remain wary regarding their investments decisions as market volatility continues amidst ongoing pandemic situation currently prevailing globally right now.:

Conclusion

Solana [SOL] is trading within an indecisive zone where any move either way would depend largely upon Bitcoin’s [BTC] movements whether it breaks or sustains above or below 27K respectively further influencing other altcoins including Solana significantly due unpredictable nature of current markets fueled by uncertainty amongst institutional and retail investors alike making them cautious regarding their investment decisions pertaining cryptocurrencies involved mainly owing to volatile nature associated with digital assets presently especially during these unprecedented times caused by ongoing pandemic situation globally right now eventually .

• DigiToads is a new blockchain-based platform that allows users to collect, trade, and battle unique DigiToads using TOADS tokens.
• The platform offers multiple revenue streams including a prize pool, staking pool, and NFT staking rewards.
• 2.5% of profits are donated to charitable organizations dedicated to reforestation and the preservation of rainforests.

What is DigiToads?

DigiToads is a decentralized, blockchain-based platform that allows users to collect, trade, and battle unique DigiToads using TOADS tokens. The platform’s P2E gaming experience is designed to provide a fun and engaging experience for players while also allowing them to earn TOADS tokens through battles and tournaments. Additionally, the project pledges to support environmental causes by donating 2.5% of its profits to charitable organizations dedicated to reforestation and the preservation of rainforests.

Why DigiToads will Explode in Value

DigiToads is designed to offer multiple revenue streams for its holders. TOADS holders are continuously rewarded monthly from the prize pool, with 10% of funds raised being airdropped to them. The project’s NFT staking platform is funded through a 2% contribution to the staking pool from every TOADS transaction. NFT holders who choose to stake their NFTs earn rewards over time based on the duration of staking – creating a virtuous cycle where increased NFT staking leads to increased funds being allocated in the staking pool with higher rewards for NFT stakers as result which increases value of TOADS token providing holders with residual income.

NFT Staking Residual Income

One of the key selling points of DigiToads is the ability for NFT holders to earn residual income through staking. By choosing to stake their NFTs, NFT holders can earn rewards over time based on the duration of staking – creating an even more attractive incentive structure as more people participate in this activity which increases value of TOAD token providing holders with residual income .

Environmental Causes Supported by Digit Toads

In addition supporting environmental causes by donating 2.5 %of its profits towards charity organizations dedicated towards reforestation and conservation efforts ,also adding more green initiatives like carbon offsetting programs or renewable energy incentives could further increase awareness about it’ s cause .

Why Invest In Digi Toad

With its innovative design ,ambitious goals ,multiple revenue streams & commitment towards environment ,Digit Toad is poised take crypto world by storm in 2023 .It offers great potential & opportunity investors looking add new cryptocurrency their portfolio .

• Lido Finance just released its latest quarterly report, revealing the state of node operators.
• The number of active node operators grew from 27 in Q3 to 29 in Q4 and validators have also been working towards more network diversification and performance improvements.
• LDO token made its way into the list of the top most purchased tokens among the top 500 ETH whales, and is only down by 1.14% in the last 24 hours compared to BTC which fell by 4.6% and ETH by 4.78%.

Overview

Lido Finance released its latest quarterly report showcasing how it has been preparing for the Ethereum Shanghai upgrade and detailing its Validator And Node Operator Metrics (VaNOM). The report highlights healthy validator jurisdictional dispersion as well as positive validator growth in Q4. Additionally, LDO token was one of the top most purchased tokens among 500 ETH whales, proving resilient against a market selloff on 3 March 2021 with only a 1.14% decrease in price within 24 hours.

Validator Growth

In Q4 there was a minor change with an increase from 27 to 29 active node operators, however validators have also been working towards increasing network diversification and performance improvements – such as at least 1000 validators on chainsafe ETH’s Lodestar – representing a 48% increase compared to the previous quarter.

Jurisdictional Dispersion

The report also disclosed that most of Lido’s nodes are now dispersed across major global regions including Canada, US, Australia, Singapore South Korea and Hong Kong – allowing for decentralised governance over multiple jurisdictions that comply with local regulations.

LDO Token Popularity Among Whales

The LDO token managed to make its way into the list of top most purchased tokens among 500 ETH whales – demonstrating resilience against a market selloff on 3 March 2021 with only a 1.14% decrease in price within 24 hours compared to BTC which fell by 4.6%, or ETH which fell by 4.78%.

Conclusion

Overall, this quarterly update shows that despite recent market conditions Lido Finance is well-prepared for upcoming upgrades and is focusing on improving decentralised governance through increased diversity amongst node operators across multiple jurisdictions worldwide; as well as making significant progress when it comes to popularising their own token amidst whale investors who are showing confidence in their investment choice even during times of volatility.

• Circle CEO Jeremy Allaire recently stated that stablecoins should not be regulated by the SEC.
• Allaire suggested that banking regulators, such as the US Federal Reserve Board or the Office of Comptroller of the Currency (OCC), would be more appropriate.
• The securities regulator recently issued a Wells notice to Paxos, Circle’s rival firm, informing the company of its intention to initiate enforcement actions.

Circle CEO’s Opinion on Stablecoins Regulation

Circle Internet Financial’s founder and CEO Jeremy Allaire recently shared his opinion on the Securities and Exchange Commission (SEC) and its role in regulating stablecoins in the United States. According to him, SEC is not suitable for this purpose and other banking regulators like US Federal Reserve Board or OCC should be responsible for this.

Circle’s USD Coin Circulation Supply

Circle is an issuer of world’s second-largest stablecoin USD Coin [USDC], which has a circulating supply of over $42 billion.

SEC Proposal to Include Virtual Currencies in Qualified Custodian Requirements

Allaire supported SEC proposal to include virtual currencies in assets subject to qualified custodian requirements. This will provide control structures and bankruptcy protection.

Growing Scrutiny of Stablecoins by Regulators Worldwide

Stablecoins have become increasingly popular but their regulatory status remains uncertain with many governments calling for stricter oversight.

Better Measures Proposed by Circle CEO

Allaire proposed better measures like including virtual currencies in assets subject to qualified custodian requirements instead of letting SEC regulate it.

• Bitcoin (BTC) surpassed the $25,000 mark for the first time since June 2022.
• The king coin registered an 8% uptrend in the past 24 hours and had a market capitalization of over $482 billion at press time.
• Cameron Winklevoss noted that the current levels of Bitcoin are well above pre-FTX collapse in November 2022.

Bitcoin Breaks Past $25,000 Mark

Bitcoin (BTC), the king coin, has broken another level within a span of 24 hours. The largest cryptocurrency by market cap breached the $25,000 mark, a day after the coin broke another key level. The coin reached a high of $25,256 on Coinbase as per the data presented on Trading View.

Bitcoin Price Retraction After Peaking At Level

The coin’s price has retracted ever since it peaked at this level according to CoinMarketCap. Bitcoin was trading at $24,790 at press time and saw an uptrend of over 8% in the past 24 hours with a market capitalization of over $482 billion and had a market dominance of 42.8%.

Cameron Winklevoss‘ View On bitcoin Price Levels

Cameron Winklevoss, co-founder of Gemini said that Bitcoin’s price levels have surpassed the lows it registered post-FTX collapse in November 2022. At that time, BTC’s price collapsed from the $20k level to the $15k level within few days which was clearly signalled by professionals working in crypto field such as Winklevoss himself who said: „We will not be defined by it.“

Impact On Short Position Holders

The rise in Bitcoin’s price left short traders on losing end according to Coinglass as long position holders outnumbered short position holders with ratio 1:16 where 53% traders taking long positions while 46% holding short positions and more than 7 million were liquidated within last hour and total liquidation was estimated around 26$ million till 16th February 2021.

Conclusion

The surge in Bitcoin’s price is likely due to increased institutional involvement and an increase demand from retail investors which pushed its prices beyond 25K USD breaking all previous records set back in June 2022 and making way towards an optimistic future for cryptocurrencies.

• GMX moves to Arbitrum, threatening Avalanche and causing decreased sentiment, declining TVL & NFT trades.
• Despite the negative conditions for Avalanche, the number of stakers on the network grew by 21.5%.
• GMX’s move could be due to increasing popularity of Arbitrum and its ability to handle larger volumes of transactions efficiently.

GMX Moves To Arbitrum

The latest data from Artemis suggests that the majority of GMX’s activity has shifted from Avalanche [AVAX] to Arbitrum, raising concerns about its potential impact on Avalanche. As GMX is currently the largest perp by market cap and outperforms many competitors in terms of Total Value Locked (TVL), this shift threatens AVAX’s future.

Decreasing Sentiment for AVAX

Santiment’s data indicates that overall sentiment surrounding Avalanche was negative, leading to a decline in TVL which stands at $970.16 million at press time. Additionally, volume for AVAX fell from 1.2 billion to 3.14 million and NFT trades also declined, indicating an overall lack of interest in the token. On a positive note, volatility has decreased which could attract some stability-seeking investors.

Staking Activity Up

Despite these negative conditions for Avalanche, Staking Rewards data reveals that the number of stakers on the network grew by 21.5% in the last month, reaching 65,988 at press time – suggesting there is still some interest in AVAX despite its current state of affairs.

Possible Reasons For Move To Arbitrum

GMX’s move from Avalanche may have been prompted by several factors including increasing popularity of the Arbitrum network and its superior ability to process larger volumes of transactions quickly and efficiently compared with other networks such as AVAX’s own Ethereum blockchain network .

Conclusion

While it remains uncertain what will happen with Avalanche going forward following GMX’s move to Arbitrum , it is possible that if enough investor interest can be maintained then it could still recover and continue growing as a platform despite its current difficulties .

• Wasder is a gaming platform that helps bring old and new friends together
• Wasder has created key features such as Spaces and Party Play to help gamers stay connected
• The Wasder token ecosystem is a circular economy that allows users to earn and spend tokens

AscendEX is thrilled to announce the listing of Wasder with the trading pair $WAS/USDT. Trading will begin at 2:00 PM UTC on February 2nd. Wasder is an amazing gaming platform that helps bring people together through their shared passion for gaming.

Wasder’s Spaces platform allows users to be in control of the content they want to see, with game-specific groups, party chats, and other features. The profile page is where it all begins, and users can share their gaming accomplishments, favorite games, and connect with other players. Wasder also has two key features to help people stay connected even when they aren’t in the same room: Party Play and Party Chats. With Party Play, users can find new friends to play the games they love, and Party Chats allow them to stay in touch with friends no matter where they are.

The Wasder token ecosystem is a circular economy that allows users to earn and spend tokens. With the Wasder token, users can purchase different items, such as gaming peripherals, digital gifts, discounts on subscription services, and even tickets to gaming events. Furthermore, users can earn rewards for playing games, streaming, and more.

Wasder is a great platform for gamers looking to connect with like-minded individuals or just find a new friend to play with. With the listing of Wasder on AscendEX, users will now be able to buy and sell Wasder tokens and take advantage of the Wasder token ecosystem.

• The number of Bitcoin [BTC] retail investors has increased by 4.4% over the past eight months, indicating a positive sign for the decentralization of the Bitcoin network.
• The percentage of short-term holders in profit reached 92%, which could increase selling pressure on Bitcoin.
• However, the selling pressure is not yet reflected in the exchange reserve, which is declining, suggesting low selling pressure.

The retail interest in Bitcoin has been steadily increasing in recent times, as evidenced by the rise in the number of Bitcoin [BTC] retail investors. According to Glassnode, the number of Bitcoin [BTC] retail investors currently stands at 17.1% of the total circulating supply. This is a 4.4% increase over the past eight months, which is a positive sign for the decentralization of the Bitcoin network, as it indicates that the asset is not being controlled by large holders or “whales”.

Furthermore, data indicates that the number of investors in profit has also increased. CryptoQuant’s analysis reveals that the percentage of short-term holders in profit reached 92%. This could potentially lead to an increase in selling pressure on Bitcoin, as traders may be tempted to sell their holdings for a profit.

Nonetheless, the exchange reserve suggests that the selling pressure has yet to be felt. CryptoQuant’s data reveals that the exchange reserve has continued to decline, suggesting that the selling pressure is not yet high.

However, there is one worrying sign that could point to an increase in selling pressure in the near future. CryptoQuant’s data shows that the number of active addresses on the Bitcoin network decreased by 27.64% in the last 24 hours. This could be an indication that the activity on the Bitcoin network is slowing down, which could eventually lead to an increase in selling pressure.

In conclusion, the number of Bitcoin [BTC] retail investors has seen a steady increase, which is a positive sign for the decentralization of the network. However, the potential for increased selling pressure due to the high number of short-term holders in profit, combined with the slowing activity on the Bitcoin network, could lead to a decrease in the asset’s price.

•Chainlink [LINK] has once again become popular among the Ethereum whales, with LINK being on the list of the cryptos that the top 1000 Ethereum whales were holding.
•Last week, there were 8 integrations of three Chainlink services across four different chains, which could be one of the driving forces behind the whales‘ interest in LINK.
•Chainlink’s recent price action and increased adoption may also be valid reasons behind whale interest in the token.

Chainlink [LINK] has once again become one of the most popular cryptos among the Ethereum whales. Last week, WhaleStats, a popular Twitter handle that posts updates related to whale activity, revealed that LINK was on the list of the cryptos that the top 1000 Ethereum whales were holding. Apart from LINK, SHIB, UNI, and MATIC were also on the list.

The data revealed that the top 1000 Ethereum whales are holding a total of $161,841,349 SHIB, $145,111,570 BEST, $90,125,210 LOCUS, $64,847,723 BIT, $62,072,328 UNI, $61,668,946 LINK, and $56,762,792 MATIC. With LINK being on the list, it once again reflects the top supply holders’ trust in the token.

So, what could be the possible reasons behind the whales’ interest in LINK? A major factor that can be attributed to LINK’s popularity among whales could be the token’s recent price action. According to data from ConMarketCap, LINK’s price increased by more than 12% in the last seven days, and at press time, it was trading at $6.84 with a market capitalization of over $3.4 billion.

Apart from that, increased adoption of the token could also be a valid reason. Chainlink recently posted its weekly adoption update, in which it was mentioned that last week, there were 8 integrations of 3 Chainlink services across 4 different chains, namely BNB Chain, Ethereum, Polygon, and Solana.

These integrations could be one of the driving forces behind the whales’ interest in LINK, as Chainlink helps power the next generation of Web3 applications. Thus, with the increasing popularity of LINK among the whales, investors are also keeping a close eye on the token to see if their portfolio turns green.

The Chainlink Profit Calculator could help investors in this regard, as it helps to calculate the profits that one might make from investing in LINK. So, with all these factors in play, it remains to be seen if LINK is able to maintain its current level of performance and continue to be popular among whales.

• Ethereum’s (ETH) annualized inflation rate has dropped to 0.00002%, making it a deflationary currency for the first time since December 2022.
• The daily transaction settlements on the Ethereum network have surpassed $21 billion, significantly higher than the $2.6 billion daily transaction settlements on the Bitcoin network.
• The global cryptocurrency market capitalization has risen by 21% since the start of the 2023 trading year.

For the first time since December 2022, Ethereum (ETH) has returned to a deflationary state, data from ultra sound money revealed. The altcoin’s supply growth at the time of writing stood at -34.67 ETH, as its annualized inflation rate dropped to 0.00002%. This means that the rate of new ETH being added to the total supply is decreasing, and in the year so far Ethereum has burned more ETH tokens than it has minted.

The value of Ethereum has also seen an impressive surge since the start of the 2023 trading year, with the altcoin’s value rising by 31%. In the last week alone, the alt’s value rose by over 20%, according to data from CoinMarketCap. This surge has played a major part in the growth of the global cryptocurrency market capitalization, which has risen by 21% in the past 16 days, according to data from CoinGecko.

The transaction settlements on the Ethereum network have also surpassed $21 billion, significantly higher than the $2.6 billion daily transaction settlements on the Bitcoin network. This is likely due to the increased usage of the Ethereum network for DeFi applications, which have seen a massive surge in popularity in recent months.

Overall, Ethereum has seen a positive start to the 2023 trading year, with the altcoin’s deflationary status, rising value and increased transaction settlements all contributing to Ethereum’s success. With the demand for Ethereum likely to continue growing, it will be interesting to see how the altcoin performs over the rest of the year.