In A Nutshell Chainlink [LINK] and Polygon [MATIC], despite their apparent differences, share remarkable similarities in terms of market performance and investor sentiment. Recent data shows concurrent declines in their values, affecting investor profitability. This article delves into their market capitalizations, MVRV ratios, Open Interest, and the implications of these metrics for traders and investors…
In A Nutshell Degen Chain, an emerging layer-3 network in the Ethereum ecosystem, has recently garnered attention for achieving the highest transactions per second (TPS) rate, surpassing its competitors including its foundation, Ethereum, and other layer-2 solutions like Base. Despite its impressive TPS performance, the average transaction value remains significantly lower than those on Ethereum…
In A Nutshell The Shiba Inu (SHIB) cryptocurrency has shown signs of potential price decline as indicated by its Parabolic SAR indicator, signaling a bearish outlook in the long term. Despite this, other key indicators such as the Relative Strength Index (RSI), Money Flow Index (MFI), Accumulation/Distribution Line, and the Elder-Ray Index suggest strong buying…
In A Nutshell The cryptocurrency community is on the edge of its seat as Bitcoin (BTC), the pioneer digital currency, approaches its fourth halving event. With recent market activities painting a bearish picture, there’s significant speculation about whether this fundamental event will lead to a further decline in BTC’s price, potentially hitting the $58K mark…
In A Nutshell Recent data indicates a significant shift in Bitcoin (BTC) ownership dynamics amidst its price fluctuations. On April 16, a day marked by a notable dip in Bitcoin’s value below $63,000, a historic move was observed as Bitcoin hodlers transferred a staggering $1.7 billion worth of BTC to ‘accumulation’ wallets. These are addresses…
In A Nutshell: The New Stablecoin Act’s Impact on Ethereum The cryptocurrency landscape is abuzz with discussions surrounding the newly introduced bipartisan Lummis-Gillibrand Payment Stablecoin Act. This legislation aims to address the regulatory framework for stablecoins, an essential component of the digital economy that operates atop blockchain platforms like Ethereum. Ryan Berckmans, a key figure…
In A Nutshell Avail, a cutting-edge blockchain data-availability protocol, has recently announced an ambitious airdrop involving 600 million of its native AVAIL tokens. This move comes as a significant development, one year after Avail’s inception as an independent entity following its spin-off from Polygon Labs. The airdrop is designed to reward a broad spectrum of…
In A Nutshell The entertainment and gaming industry is witnessing a groundbreaking merge with Web3 technology as former executives from Disney, alongside talent from Marvel and Star Wars, establish Galactic Entertainment Publishing in the United Arab Emirates. This new venture has launched its first game, PlanetQuest, already attracting a significant following with over 300,000 connected…
In A Nutshell The Bitcoin (BTC) price has shown resilience at a critical support level, indicating a possible end to its recent selling pressure. This level, which has historically served as a foundation for bull market trends, suggests that Bitcoin may be on the cusp of a rebound. Analysts note that the return to this…
In A Nutshell The ongoing debate between Solana and Ethereum surfaces anew as the ‘Small blocker argument’ reignites, questioning Ethereum’s scalability and architecture amidst a bearish market. With Ethereum and Bitcoin experiencing notable declines, the focus shifts towards the underlying blockchain technologies and their scalability solutions. While Solana pushes for L1 scalability, Ethereum remains steadfast…