Polkadot Sees Record-Breaking Active Addresses, Despite Subdued Transaction Activity
According to CryptoPotato, Polkadot, a multi-chain platform, has seen a surge in activity, as evidenced by the record-breaking number of active addresses on its blockchain. The latest data from Parity Data reveals that Polkadot has accumulated over 605,200 active addresses. Nearly half of these, approximately 248,000, are associated with Moonbeam, a cross-chain smart contract platform. This is followed by 191,000 addresses directly established on Polkadot. The decentralized IoT network Nodle trails behind with 66,063 active addresses, followed by Polkadot’s top parachain protocol Astar, and decentralized liquid staking protocol Bifrost with 24,262 and 16,907, respectively. Acala and Manta captured the sixth and seventh positions for top active addresses with 15,586 and 14,178, respectively. #write2earn🌐💹 $DOT
Cryptocurrency Bull Market Predicted With Bitcoin Expected To Reach $175,000 By 2025.
According to CryptoPotato, the cryptocurrency industry appears to be entering a new bull market, with Bitcoin (BTC) reaching a new all-time high and the total market capitalization nearing its peak. The fourth halving, expected to occur in about two weeks, historically acts as a catalyst for future price increases for not only BTC but also many other assets. Consequently, numerous crypto analysts have projected impressive price predictions for Bitcoin and various altcoins.
Content creator JakeGagain, who has over 250,000 followers, is the latest to make such predictions. His tweet indicates that he expects BTC to surge to $175,000 by 2025. This forecast aligns with several others made by prominent entities like Standard Chartered and industry experts such as Tom Lee and Mark Yusko. They had set a price target of $150,000 for this year, making $175,000 in 2025 seem plausible.
Bitcoin(BTC) Surpasses 67,000 USDT with a 4.94% Increase in 24 Hours
On Mar 20, 2024, 20:32 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 67,000 USDT benchmark and is now trading at 67,151.773438 USDT, with a 4.94% increase in 24 hours.
Solana Price Alert. !!!!!🚀🚀🚀🚀💰💰💵💵 The present SOL value is 1SOL=200.39 USTD So it's a chance to sell some of your SOL assets to get a handsome amount of profit.
Now it's time to start mining the PI Network, which is only possible by invitation. Today I'm giving away TWENTY (20) invites... All you need to do is:
1. Like this post 2. Follow me
Finally, provide me with your email address so I can send you the invite link. So hurry up......💰💰💰💵💵💵
✅ Invest wisely and patiently. ✅ Dollar-cost average. ✅ Take profits on the way up. ✅ Diversify and avoid overexposure. ✅ Be cautious of hype and scams. ✅ Watch for market sentiment changes. ✅ Hedge positions strategically. ✅ Keep cash reserves for opportunities.
Pi’s price today is US$32.98, with a 24-hour trading volume of $232,680. PI is -4.18% in the last 24 hours. It is currently -12.30% from its 7-day all-time high of $37.61, and 3.99% from its 7-day all-time low of $31.72.
Bitcoin Bull Market Continues with Institutional Demand and Retail Flow :
Matrixport stated on social media on March 4th that the Bitcoin bull market is still ongoing. The intertwined demand from institutions and the reawakening of retail flow contribute to this trend. The imbalance between supply and demand continues to favor the rise in Bitcoin prices.
According to Foresight News, CoinShares' weekly report revealed that inflows into digital asset investment products reached $598 million last week, marking the fourth consecutive week of inflows. The total inflows since the beginning of the year have now surpassed $57 billion. The majority of these inflows were concentrated in the United States, with $610 million invested. Last week, Bitcoin saw inflows of $570 million, bringing the total inflows since the beginning of the year to $56 billion. Ethereum experienced inflows of $17 million, while Chainlink and XRP recorded inflows of $1.8 million and $1.1 million, respectively. Meanwhile, blockchain stocks continued to see a total outflow of $81 million last week, indicating that stock investors are currently cautious.
After a prolonged period of weakness for a year and a half against the Bitcoin price, the Ethereum price is currently showing strength again and could be set for an explosive move, according to several renowned analysts.
Ethereum/BTC Chart Is A ‘Stunner’
In an analysis of the ETH/BTC trading pair, renowned financial expert Raoul Pal has brought to light a compelling dual-chart pattern. The formation of both a “mega wedge” and an inner descending channel is setting the stage for what might be a significant breakout for Ethereum when priced in Bitcoin. Pal stated: The ETH/BTC chart is an absolute stunner…and ready for the next big move, the break of the mega wedge…let’s see how it pans out….