And now, as if things weren’t dramatic enough, whale activity is raining on Ethereum’s parade. These colossal crypto fish are adding a slippery layer of downward pressure, threatening either a never-ending consolidation or a tumble to lower support levels.
-told the cryptic almanac of Santiment-those vessels that hold between 10 and 10,000 units of the digital goose have conjoined their weight in the world’s wealth, now fronting a commanding 68 percent of the total supply. The figure swelled to 68 percent only a week earlier, a change fitter for a footnote than a headline.
On the daily chart, Bitcoin continues to play it safe, trading below both the 100-day and 200-day moving averages, a testament to the market’s cautious nature, which is about as exciting as a well-mannered tea party. The price, still nestled in its broader descending structure, has seen its latest rebound improve conditions, though not by much-comparable to a gardener coaxing a single daisy to bloom in a desert of despair.
Just two months ago, in the dead of January, the odds were as slim as a weasel in a cornfield-just 14%. Now, it’s practically a coin toss with a side bet on a raccoon.
Cryptocurrency Stacks ranks 98 place by market capitalization. The price of STX has decreased by 80.42% from the maximum value on 1 April 2024. Today the price for 1 STX is 0.250 USD. Yesterday the rate was 0.255 USD for 1 Stacks. STX/USD traded in the range of 0.250 – 0.251. The difference compared to the previous day was -1.96%.
Cryptocurrency NEXO ranks 97 place by market capitalization. The price of NEXO has decreased by 66.65% from the maximum value on 12 May 2021. Today the price for 1 NEXO is 0.906 USD. Yesterday the rate was 0.901 USD for 1 NEXO. NEXO/USD traded in the range of 0.904 – 0.906. The difference compared to the previous day was 0.55%.
Cryptocurrency Celestia ranks 96 place by market capitalization. The price of TIA has decreased by 91.22% from the maximum value on 10 February 2024. Today the price for 1 TIA is 0.346 USD. Yesterday the rate was 0.346 USD for 1 Celestia. TIA/USD traded in the range of 0.346 – 0.349. The difference compared to the previous day was 0.00%.
Cryptocurrency Curve DAO ranks 94 place by market capitalization. The price of CRV has decreased by 93.58% from the maximum value on 14 August 2020. Today the price for 1 CRV is 0.2337 USD. Yesterday the rate was 0.2350 USD for 1 Curve DAO. CRV/USD traded in the range of 0.2332 – 0.2346. The difference compared to the previous day was -0.55%.
Cryptocurrency Optimism ranks 92 place by market capitalization. The price of OP has decreased by 83.47% from the maximum value on 6 March 2024. Today the price for 1 OP is 0.123 USD. Yesterday the rate was 0.123 USD for 1 Optimism. OP/USD traded in the range of 0.123 – 0.124. The difference compared to the previous day was 0.00%.
Cryptocurrency Injective ranks 91 place by market capitalization. The price of INJ has decreased by 72.31% from the maximum value on 14 March 2024. Today the price for 1 INJ is 3.04 USD. Yesterday the rate was 3.08 USD for 1 Injective. INJ/USD traded in the range of 3.03 – 3.05. The difference compared to the previous day was -1.30%.
