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@hardeywumhi

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830 Followers


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@hardeywumhi
You are absolutely right, Expanding the tipping feature to multiple social platforms like Twitter, Tribe, and Lens could significantly increase its adoption and usage. Similarly, enabling staking on various blockchain platforms such as Solana, Base, and Degenchain could attract more users and provide additional utility to the token. Additionally, allowing claiming on Solana and Degenchain could further simplify the user experience and encourage more people to participate. By taking a multi-chain and multi-platform approach, @jacek you could: - Increase holders and adoption - Expand use cases and utility - Enhance the overall user experience This strategy could help drive growth, engagement, and mainstream adoption.
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@hardeywumhi
Ethereum's dominance in the blockchain space is undeniable, with a whopping $1.9 billion in revenue in 2024, surpassing Tron's revenue by nearly four times. This impressive feat solidifies Ethereum's position as a leader in the industry. It's also worth noting that the Base Network has made a significant impact, ranking fourth in terms of revenue and outperforming many other blockchains. The success of its DEX projects has likely contributed to its profitability. Here are the top blockchains by revenue in 2024: - Ethereum: $1.9 billion - Tron: approximately $475 million (nearly four times less than Ethereum's revenue) - Base Network: ranked fourth, with notable profitability and successful DEX projects These figures demonstrate the rapidly evolving landscape of the blockchain industry, with various players vying for dominance.
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@hardeywumhi
Ethereum's (ETH) network growth has reached significant milestones, with new address creation hitting a 27-month peak despite recent price corrections. Price Action and Technical Overview - ETH price dropped 5.57% to $3,051. - MA cross between 50-day and 200-day moving averages maintained a bullish structure. - Trading volume stood at 75.74K ETH. Network Growth Analysis - New Ethereum addresses surged to over 200,000 daily. - Non-zero ETH addresses reached 136M with a steady upward trajectory. - Spike in new ETH addresses coincides with increased market volatility. Market Implications for ETH - Growing adoption and potential accumulation at current levels. - Contrast between price action and network growth could indicate a potential divergence. - Sustained increase in network participation signals growing market maturity and potential institutional interest. Overall, Ethereum's network growth suggests a strong foundation for potential future price recovery, despite current price corrections.
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@hardeywumhi
Litecoin's (LTC) recent surge to $128.02, with a 4.18% gain in 24 hours, has been driven by whale activity and robust market dynamics. Here are the key points: - _Whale Activity_: Whale activity at $113.4 significantly influenced the upward trend, supported by a 24-hour trading volume of $1.06 billion. - _Technical Indicators_: Key indicators point to continued bullish momentum, with the mark price at $128.01 reflecting a fair valuation. - _Technical Stability_: LTC's price chart reveals a consistent upward trajectory, underpinned by strong technical indicators, including MA, EMA, and Bollinger Bands. - _Volatility_: Litecoin's 30-day annualized volatility of 83.19% highlights its dynamic nature, creating opportunities for traders. - _Whale Influence_: Whale activity remains pivotal in LTC's market dynamics, driving significant movements while maintaining price stability. Overall, Litecoin's strong price action, balanced market sentiment, and whale influence paint a promising picture for its future growth.
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@hardeywumhi
Dogecoin's (DOGE) Latest 40% Surge: A Sign of Recovery? Dogecoin's whale transactions spiked 41% in 24 hours, indicating potential accumulation. However, other metrics remain bearish, suggesting DOGE's price may stay range-bound. _Key Points_ 1. _Whale Transactions_: Large transactions surged, implying accumulation and potential price reversal. 2. _Active Addresses_: Daily active addresses jumped 34%, indicating market interest and traction. 3. _Mixed Signals_: Social volume and sentiment are bearish, while MVRV suggests DOGE is undervalued. 4. _Price Range_: DOGE swings between $0.32 and $0.40, with a potential retest of the range-low. 5. _ETF Speculation_: Approval of a DOGE ETF could push the price to $15, but the market is currently uncertain.
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@hardeywumhi
Arbitrum (ARB) has seen a 5% price surge in 24 hours, driven by whale accumulation and rising network activity. Key points: Whale Accumulation 1. 10M ARB tokens accumulated: Large addresses have accumulated 10M ARB tokens in the last two days. 2. Whale buying drives uptrend: Whale accumulation has coincided with recent gains, indicating that large buyers are driving the uptrend. Network Activity 1. 121% surge in dApp volumes: Decentralized application (dApp) volumes on Arbitrum have risen by 121% in 24 hours. 2. Arbitrum flips Base in DEX volumes: Arbitrum has surpassed Base in decentralized exchange (DEX) volumes, with $1.26 billion in volumes. Price Outlook 1. Descending triangle pattern: ARB is trading within a descending triangle pattern, indicating bearish trends. 2. Crucial support level: A dip below $0.68 could accelerate the downtrend. 3. Weakening bearish trend: The Average Directional Index (ADX) is dropping, indicating a weakening bearish trend.
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@hardeywumhi
Polygon's (POL) price has dropped 9% in seven days, sparking concerns about its valuation. Key points: Network Activity and Valuation 1. *Rising NVT ratio*: POL's Network Value to Transaction (NVT) ratio has increased, suggesting a lack of strong network activity to support an uptrend. 2. *Declining dApp volumes*: Polygon's 30-day dApp volumes have dropped by 41% to $6.16 billion. 3. *Reduced network usage*: Unique Active Wallets have decreased by 22% to 3.62 million. Price Analysis 1. *Descending triangle pattern*: POL is trading within a descending triangle pattern, confirming a bearish bias. 2. *Critical support level*: The lower trendline of the pattern stands at $0.43, a level that POL is testing. 3. *Potential drop*: If this support level fails to hold, POL could drop towards $0.40. Market Sentiment 1. *Lack of conviction*: Polygon's Open Interest has dropped by $14M in less than five days, indicating uncertainty and lack of conviction in the current trend.
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@hardeywumhi
Check your realtime $DEGEN allowance. Frame by /microsub.
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Check your realtime $DEGEN allowance. Frame by /microsub.
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@hardeywumhi
The cryptocurrency market experienced significant price swings this week, with some assets demonstrating remarkable resilience and growth, while others faced substantial selling pressure. *Weekly Winners:* 1. *OFFICIAL TRUMP*: Surged 626% on its debut trading day, becoming the week's standout performer. 2. *Raydium (RAY)*: Climbed 67% with a methodical uptick, maintaining a robust position above its 50-day and 200-day moving averages. 3. *Flare (FLR)*: Demonstrated impressive strength with 17% gains, showcasing a well-structured upward movement. *Weekly Losers:* 1. *Pudgy Penguin (PENGU)*: Slid 17% due to waning buyer confidence and increasing selling pressure. 2. *Fantom (FTM)*: Dropped 13% after an initial surge, with selling pressure intensifying and breaking through multiple support levels. 3. *Floki Inu (FLOKI)*: Recorded a 4% decline, reflecting mounting selling pressure and failed breakout attempts.
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Bitcoin's recent price surge has been accompanied by strong stablecoin inflows into exchanges. However, the 7-day moving average of stablecoin exchange inflows has been declining since December, which could be a concern for sustaining the rally: - _Stablecoin inflows_: Rising stablecoin inflows to exchanges since January 13 have correlated with Bitcoin's price uptrend. - _7DMA decline_: Despite short-term inflows, the 7-day moving average of stablecoin exchange inflows has been falling since December. - _Buying power_: Increased stablecoin inflows indicate more buying power in the market, which is bullish. - _Market correlation_: The inflows metric doesn't dictate the total crypto market movement, but a break in the downtrend is needed to sustain the rally.
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@hardeywumhi
Bitcoin (BTC) has surged past $100k, fueled by a $500 million stablecoin inflow on Binance following the release of positive CPI inflation data. Key points: - _CPI data boost_: The latest CPI report has shifted market sentiment to positive, driving stablecoin inflows and pushing BTC past $100k. - _Stablecoin inflows_: $500 million in stablecoin inflows on Binance have been used to acquire BTC, reducing the exchange's reserves by over 63,000 BTC. - _Bullish indicators_: BTC's Taker Buy Sell Ratio has surged, indicating buyer dominance, while the funding rate has spiked, implying bullish sentiment. - _Scarcity_: BTC's stock-to-flow ratio is increasing, indicating growing scarcity and potential for further price gains. - _Price targets_: With bullish sentiments prevailing, BTC may reclaim $105k, but a correction could see a drop to $98,900.
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@hardeywumhi
Dogecoin (DOGE) is nearing key resistance levels, with strong on-chain activity and building price momentum suggesting a potential breakout. Key levels to watch: - 50-day Moving Average (MA) at $0.37128 - 0.236 Fibonacci level at $0.36689 - Critical resistance at $0.39879 (0.0 Fib level) Technical indicators: - Directional Movement Index (DMI) readings suggest a neutral stance - Stochastic RSI indicates room for upside before overbought conditions - MACD indicator reflects bullish momentum Network activity: - Daily active addresses spiked in November and remain elevated - Historically, DOGE's price has correlated positively with spikes in active addresses Breakout potential: - A decisive break above $0.40000 could trigger acceleration toward $0.45000 - Key support levels at $0.33015 and $0.28968 provide a safety net
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@hardeywumhi
Popcat (POPCAT) has dropped 49.66% over the past month, but market indicators suggest a potential reversal. Key points: - Popcat's downward momentum is diminishing, with buyers entering the market and upward momentum building. - A bullish crossover and positive weighted sentiment indicate a potential trend reversal. - The memecoin's market sentiment has turned positive, with long position holders dominating and a positive Funding Rate. - Popcat must hold above the $0.55 support level to attempt to reclaim the $0.82 level; a breach below this level could push prices down to $0.43.
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@hardeywumhi
Ethereum (ETH) is at risk of a 10% decline due to a bearish pattern on the charts. Key points: - ETH has been on a downtrend since December 2024 and has broken down and retested its breakdown level. - Technical indicators, such as the RSI and 200 EMA, suggest a potential price rebound. - Traders maintain a bearish bias, with 52.67% of top traders holding short positions and 47.33% holding long positions. - Whales and long-term holders appear to be accumulating ETH, with exchanges seeing outflows of over $21 million worth of ETH in the last 24 hours. - If the bearish sentiment remains, ETH could drop by 10% to hit the $2,850 level.
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@hardeywumhi
Chainlink (LINK) is poised for a potential breakout, with its price consolidating within a bullish descending wedge pattern. Key points: - LINK's breakout above $23.92 resistance could trigger a surge towards $30. - On-chain metrics, such as growing active addresses and transaction counts, support a favorable outlook. - Exchange reserves for LINK have declined, indicating reduced selling pressure. - Market sentiment is increasingly optimistic, with Open Interest surging by 5.42% and liquidation data favoring a bullish bias. - A breakout above $23.92 resistance is crucial for a sustained bullish run, potentially unlocking a rally to $30 or beyond.
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@hardeywumhi
Fidelity has sold 64,997 ETH, worth $213 million, amid Ethereum's recent price drop. Key points: - The sale occurred on the same day Ethereum ETFs saw $159.4 million in net outflows. - ETH has maintained net sell pressure since Tuesday, resulting in a 15.54% dip. - However, on-chain data shows whales buying the dip, with large holder inflows exceeding outflows. - Exchange flows also suggest demand may be returning, with outflows slightly higher than inflows. - Despite this, investors should be cautious of potential further downside, with the next major support level at $3,033.
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@hardeywumhi
Aptos (APT) may be poised for a significant price increase, driven by increased network activity and shifting market sentiment. Key points: - APT's active addresses and transaction volumes have surged, indicating heightened network activity. - Spot and derivative traders are placing bullish bets, with APT outflows from exchanges increasing significantly. - The funding rate has been steadily increasing, indicating long positions are dominating the market. - APT's price could rally by 76.17% to $15.33 if it breaks out of the critical demand zone between $7.69 and $8.64. - Failure to break out immediately may lead to consolidation within the demand zone before an eventual upside move.
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@hardeywumhi
Near Protocol's (NEAR) price is at risk of dropping to $4.80 due to bearish signals. Key points: - The number of active addresses on Near Protocol has declined significantly, indicating waning interest. - NEAR has entered a critical supply zone, where sell orders are concentrated, potentially driving the price down. - Technical indicators, such as the Average Directional Index (ADX) and the death cross, confirm a strong bearish sentiment. - The Fibonacci retracement tool suggests a potential price drop to $4.870 if sell pressure intensifies. - Key support levels where the price may rebound are at $5.712, $5.551, $5.390, and $5.161.
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@hardeywumhi
The XRP lawsuit is at a critical juncture, with the SEC's appeal deadline looming on January 15. The upcoming change in SEC leadership, with Gary Gensler's resignation on January 20, could significantly impact the case's outcome. President-elect Trump has nominated former SEC Commissioner Paul Atkins as the next SEC Chair, which has been well-received by the crypto community. Ripple's CEO, Brad Garlinghouse, believes Atkins will "bring common sense back to the agency," potentially cementing XRP's non-securities status. Garlinghouse also noted that Trump's election win has already had a positive impact on XRP with the company signing more deals in the last six weeks of 2024 than in the previous six months. The change in leadership could mark a turning point for XRP, and if the SEC drops its appeal, it could lead to another uptrend in price. Historically, positive developments in the SEC vs. Ripple case have boosted XRP's price, and with the token already gaining 15% year-to-date, the outlook seems promising.
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