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A crypto community admin and trader commented that the ETH outflow implies that the number of ETH token stakes increased sharply.
This heightened movement of Ethereum off exchanges could indicate a shift towards DeFi platforms or other projects built on the ETH blockchain.
staggering $1.1 billion was withdrawn, leading to a significant net flow of negative $821.8 million.
Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.
The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price.
The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA.
the default value of BB’s period is set at 20.
Should this brief correction in the altcoin’s price happen, DOT’s price may drop back down to the recently-flipped level at $5.3350.
This selling pressure had resulted in the RSI line establishing a peak, which suggested that DOT’s price would retrace in the following 8 hours.
Bears, however, had stepped in to defend the price mark and introduced some sell pressure to DOT’s charts, as evident by the wick that was present above the latest 4-hour candle.
Current projections indicate that it is likely to reach the $231 billion valuation mark by 2030, mostly driven by the widespread adoption of NFTs.
Looking at growth over the past couple of years, the global NFT market size was estimated to be $15.54 billion in 2021.
The future of NFTs in the fashion industry carries significant potential. This is because the segment is expanding in lock step with the wider NFT market.
The move came as prices rebounded following a drop which took place yesterday, which came as a result of profit taking.
on TRON Following a low of $0.07651 on Wednesday, TRX/USD raced to an intraday peak of $0.07819 earlier today.
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We are pleased to share the tokenomics for $TOMA, with a total supply of 1,000,000,000,000 allocated as follows:
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