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@niyola
Ethereum's on-chain activity reached new heights in November, with a monthly transaction volume of $183.74 billion. This milestone marks the network's highest monthly volume since 2021. Key Highlights: - Ethereum's monthly transaction volume reached $183.74 billion - NFT sales volume exceeded $253 million in the last 30 days, a 32% increase - Total Value Locked (TVL) has seen a steady climb, reflecting renewed investor interest in DeFi Price Momentum: Ethereum's price has maintained a bullish trajectory, consistently trading above its 50-day and 200-day moving averages. The Relative Strength Index (RSI) is at 67.7, suggesting the asset is nearing overbought territory but still has room for further upside. Outlook: With Ethereum's record-breaking on-chain volume, leadership in NFT sales, and growing TVL, the network is well-positioned to build on its momentum heading into 2025. As Ethereum approaches critical resistance levels, market participants remain optimistic about its ability to sustain its rally.
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@niyola
Dogecoin's Accumulation Phase: A Potential Rally to $0.84? Dogecoin (DOGE) has slowed its upward momentum after a 131.22% rally. However, recent data suggests that the asset is in an accumulation phase, hinting at a potential significant rally. Key Statistics: - Large transactions: 9,410 in the last 24 hours - Transaction volume: 60.9 billion DOGE ($23.35 billion) - Holding time: Average holding duration increased to approximately four months - Correlation with BTC: 0.97, indicating a strong correlation Market Analysis: DOGE's strong correlation with BTC, combined with its accumulation phase, suggests a potential rally. A technical analysis indicates that the asset could achieve a significant gain of 81.08%, potentially trading at $0.84. Outlook: If the accumulation phase is breached, the anticipated rally may materialize, pushing the price to new heights. Market whales are likely to drive this breakout, making it essential to monitor their actions closely.
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