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The tap is clogged: Altcoins are in danger if the bull does not come! Reflexivity Research co-founder Will Clemente argued that altcoins need to perform a bull run in order to create a healthy market environment. Stating that venture capital companies are investing less in altcoins, Clemente stated that projects will have difficulty raising funds if the altcoin bull does not occur. According to the analyst, altcoins have entered a critical period. According to crypto analyst Will Clemente, crypto projects need to display a significant rally in order to continue receiving venture capital funds. Addressing his followers on X on September 12, Clemente said the following: “Unless altcoins see a significant bull market, fewer crypto projects will be funded, which will prevent projects from growing in the altcoin market.” Stating that altcoins have performed far from a rally, the analyst argued that new projects raising funds disrupt the supply-demand balance and create disappointment. On-chain data platform #CoinMarketCap reported that there are more than 8,000 cryptocurrencies on the market and that it is difficult to determine the exact number of tokens available. Clemente, who stated that more investments are being made in high-risk and high-reward assets, explained that altcoins are lagging in terms of performance. Glassnode chief analyst James Check reported that new crypto investors are rushing to buy speculative assets too early. The analyst argued that this investor behavior is hindering the altcoin bull. MN Trading founder Michael van de Poppe, on the other hand, remains optimistic about altcoins. “Some altcoins are doing great,” the analyst said, concluding his bullish expectations by saying, “We are starting to show some momentum.” Van de Poppe believes that the altcoin bull will begin in the coming months.

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İşte resmileşti: Küresel ortaklığımızı @ufc ile geliştirdiğimizi duyurmaktan heyecan duyuyoruz ve VeBetter ekosistemini büyütmek için güçlerimizi birleştiriyoruz. Teşvik tabanlı uygulamalarla desteklenen VeBetter, gerçek dünyadaki eylemleri değere dönüştürmek için tokenizasyon teknolojisini kullanıyor. UFC ile olan ortaklığımız, ekosistemi dünya çapında 900 milyondan fazla izleyici kitlesine maruz bırakarak, dünya genelindeki insanların günlük yaşamlarında rol oynayabilecek yeni bir ekosistemle tanıştırıyor. Gelecek için daha fazla planla, Web3'ün kitlesel benimsenmesinde yeni bir sayfa açmaktan ve birlikte değişimi yönlendirmekten heyecan duyuyoruz. Bu gelişme hakkında daha fazla bilgi için okuyun: https://ufc.com/news/ufc-and-vechain-team-grow-sustainability-application-ecosystem-vebetter $B3TR destekli devrime katılın: 🔗 http://vebetter.com https://x.com/vechainofficial/status/1834565510920323342

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Hamster Kombat and Catizen are warned: What’s happening? The upcoming airdrop of popular Telegram games Hamster Kombat and Catizen could cause outages on the TON network. Telegram’s tap-to-win games have taken the crypto world by storm and brought hundreds of millions of new users to The Open Network (TON). However, Hamster Kombat and Catizen, which are airdropping later this month, could spell trouble for the TON network. $TON developers have warned of the possibility. “We will face further technical pressure and possibly some unforeseen issues,” the TON Core team wrote in an official Telegram channel on Tuesday. The warning comes as Telegram grapples with service outages caused by activity in tap-to-win games. According to the developers, TON’s daily active user addresses have reached 1.1 million several times in the last two weeks, and single-day transactions have reached 14.4 million ahead of upcoming airdrops for popular tap-to-win games like Hamster Kombat and Catizen. Catizen, which has attracted around 35 million players to its Telegram app, will launch its CATI token on September 20. The team also said that all players will be eligible for the #HMSTR token airdrop when it reaches TON on September 26. “This level of user engagement on Web3 was previously unimaginable,” #TON Core developers wrote in a post on their Telegram channel. The surge in user activity, fueled by TON’s Telegram gaming craze, has caused outages across the network. In the past month, network activity has been down twice, albeit for a few hours. The DOGS airdrop is the crux of the problem, according to TON developers. TON’s service outages could intensify again ahead of this and other upcoming game-related airdrops on the platform. Both airdrops will likely lead to a surge in activity on TON as recipients attempt to claim their rewards.

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Short-term Bitcoin holders are giving up. Short-term #Bitcoin (BTC) holders have started selling in unprecedented amounts. On-chain data has drawn attention in BTC, which has gained strength since the beginning of the week and has made a recovery increase of nearly 3 percent. CryptoQuant writer IT Tech claimed that short-term BTC holders have left the market. Despite short-term investors moving away from BTC, long-term players continue to save. The data showed that these investors maintain their bullish belief. The US inflation data increased speculation that the Fed will lower interest rates, which had a positive impact on the Bitcoin (BTC) price. BTC regained $58,000 after falling to $52,500. Despite the positive outlook in BTC, it was noteworthy that Bitcoin miners were selling and short-term $BTC holders were moving away from the market. “Short-term Bitcoin holders have a more immediate effect on the price and contribute to volatile price movements by selling.” CryptoQuant’s research director Julio Moreno stated that risk-averse investors may increase in a period when the negative correlation between Bitcoin and gold continues. The analysis, which shows an increase in the number of investors who want to hold less volatile assets such as gold, also highlighted the outflows in the US stock markets. The loss of blood in the markets was attributed to short-term investors. Short-term Bitcoin holders are selling at a loss. Traders who have held #BTC for 155 days or less are reducing their positions due to fears that prices may fall further. On the other hand, long-term BTC holders continue to buy the asset. The market continued its downward trend as the Bitcoin price was trading below the 50-day and 100-day Simple Moving Averages (SMAs).

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Ethereum (ETH) Calm Before the Storm: Is the Rise Coming? The bullish season that altcoin investors are eagerly awaiting may depend on Ethereum (ETH) funding rates. CryptoQuant writer Burak Kesmeci said, “We will wait for the ETH funding rate to rise above 0.015 to see if the calm before the storm will be broken.” A higher funding rate indicates that market optimism is strengthening and traders are willing to hold their long positions. “We need positive signals to see another parabolic rally in #Ethereum . Support from the futures market plays an important role in such rises,” Kesmeci added. The CryptoQuant writer noted that Ether’s current funding rate is around 0.0056 percent, similar to its level in September 2023 before rising above 0.015. He stated that the funding rate moving back to this level is “vital to follow healthy increases in bull markets.” According to CoinMarketCap, after the September 2023 interest rate hike, the price of ETH increased by 166 percent in the following six months, reaching $4,006 on March 13. However, ETH has not been able to close above $2,500, a critical level for investors, since September 2. Analysts say that the #ETH price is lagging behind Bitcoin. Futures traders are skeptical of Ether reaching this level in the short term. According to CoinGlass data, if $$ETH reaches the $2,500 band, approximately $576.28 million worth of short positions will be liquidated. Both spot and futures traders are closely following the price structure in Ethereum.

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