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Showing posts with the label whale activity

Avalanche (AVAX) Fails to Hold $21: What's Next for the Coin

The Avalanche (AVAX) cryptocurrency is back trading below $21, currently slumping 10% in the past week and worrying investors. This comes as large holders of the Avalanche token, aka AVAX Whales, are increasing their net inflows of the cryptocurrency, looking to capitalize on the dipping price. Over the past month, AVAX experienced a 3.64% decline while the six-month performance showed a steeper drop of 55.30%. The price movement indicates a struggle with downward pressure that has hit the market lately. AVAX did climb a bit following the announcement of FIFA’s blockchain partnership with AVAX, but that has since been reversed. With plenty of uncertainty around the Avalanche network, what’s next for the native AVAC cryptocurrency? What’s AVAX’s Next Move? Avalanche AVAX is in a bearish state, and the latest price forecasts suggest that there is less momentum around it than before. Analysts at CoinCodex see the asset reclaiming $21, but not going much further in June. ...

Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking?

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Not a typo! XRP price nears $3 after soaring 425% in a month

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Once trading at a modest $0.50 on November 3 with a market cap of $28.56 billion, XRP has skyrocketed to $2.66 as of December 3, a jaw-dropping 429% surge in just one month, with its market cap swelling to an extraordinary $151.4 billion, as per Finbold market cap data. XRP 1-month price chart. Source: Finbold This meteoric ascent has catapulted XRP to the third-largest cryptocurrency by market capitalization. It’s not just climbing—it’s dominating. Over the past week alone, XRP has gained an eye-popping 88.87%, with a 12.31% increase in the last 24 hours.  The token’s trading volume has also exploded, reaching $42.61 billion in the past 24 hours, up 30.37%. Outperforming both Bitcoin and Ethereum, XRP is comfortably trading above its 200-day simple moving average and has recorded 20 green days in the last 30—a 67% success rate. Picks for you ...

Trading expert believes this is just the beginning of XRP’s bull run

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XRP has gained significant momentum following a multi-week rally, driven by major catalysts such as Donald Trump’s re-election and the announcement of SEC Chair Gary Gensler’s resignation. Despite some weekend volatility, the cryptocurrency remains firmly entrenched in a bullish trend, as highlighted by market experts. Notably, Alan Santana emphasized in his recent TradingView Analysis that XRP’s monthly chart reflects one of its strongest performances since November 2020. Picks for you Solana price prediction if Bitcoin crashes below $90,000 5 mins ago Is Bitcoin’s bull market over? 2 hours ago The FBI’s Silk Road Bitcoin is ...