Ethereum witnessed a decline in NFT transactions, but blue-chip collections did well Ethereum observed support from retail and large investors NFT transactions on Ethereum have declined significantly, from 22% NFT dominance to 8.3% according to crypto analytics firm Glassnode. On the other hand, stablecoin transactions grew and took up the space originally conquered by NFTs. This […]
This indicated that the lower transactions on the Ethereum network had not affected blue chip NFTs, but may have influenced smaller and upcoming collections.
As can be seen from the image below, the number of addresses holding over 32 coins reached an all-time high of 128k addresses at the time of writing.data, the number of addresses holding 0.01 coins increased significantly and had reached a three-month high of 22.3 million addresses.Top traders on the Binance exchange took advantage of a declining ETH and went long on Ethereum.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum: Why investors should look beyond ETH’s current formationDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Long and short-term ETH holders saw gains If BTC’s bearish sentiment persists, ETH could find new support at $1217.22 and $1166.83 Ethereum [ETH] witnessed a drop just as it headed into the weekend. It lost […]
Read more »
ETH enthusiasts should brace for lower volatility based on these observationsETH managed to cross the $1,200 bar in the last weeks of 2022 ETH whales preferred to hold on to the altcoin than sell their holdings Now that Ethereum [ETH] has crossed the $1,200 range, it is only logical to wonder how it will conclude 2022. Here are some recent observations that may set the […]
Read more »
Avalanche, Ethereum, and how BTC.b could trigger a rally for AVAXAvalanche’s BTC.b witnessed a massive growth in supply But, Avalanche’s TVL witnessed a continued decline According to Data Analytics’ tweet on 2 December, the amount of Bitcoin Avalanche Bridged [BTC.b] on Avalanche [AVAX] surpassed that of the Ethereum network. This development suggested that users may have spotted new opportunities on the Avalanche network and have […]
Read more »
Is holding Ethereum in Q4 far from profitable? These metrics suggest…Ethereum turned inflationary as network supply fees fail to surge Network validators remain staunch in their duty to avoid slashing events while ETH consolidated Ethereum’s [ETH] quest for profitability took another sour turn as it returned to inflationary condition after a few attempts at the opposite. According to Token Terminal, the decentralized blockchain daily earning […]
Read more »
MANA stands strong as these whales set up camp in DecentralandTop Ethereum whales held more MANA than any other token MANA’s price action showed that it was demanding a bearish exit According to a tweet posted by WhaleStats in the wee hours of 4 December, the top 500 Ethereum [ETH] whales preferred to hold Decentraland [MANA]. The database noted that these whales held about $1.05 […]
Read more »
Polygon crosses Ethereum in this metric: Will MATIC respond positivelyPolygon’s NFT space witnessed growth over the last week, along with active users Exchange reserves fell, but MATIC’s MVRV Ratio looked troublesome Sandeep Nainwal, the co-founder of Polygon [MATIC], tweeted about the blockchain’s new achievement on 4 December. Polygon’s NFT ecosystem witnessed growth as Reddit minted over 250k “avatars” in a single day. Wowww!! 250k […]
Read more »