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#MarketSentimentToday #Ethereum (ETH) Active Addresses Rise: Price Rebound? Ethereum (ETH) is down 0.75% after a week of range-bound trading. A monthly loss of 6.40% according to CoinMarketCap shows the most famous cryptocurrency doing poorly. However, famous crypto researcher Ali Martinez has seen a significant Ethereum network development that might bode well for price activity in the coming days. Ethereum Active Addresses Reach 3-Month High At 617,170 Martinez observed a large increase in Ethereum blockchain active addresses in an X post on June 22. The crypto researcher found 617,170 active Ethereum users on June 21, the biggest number in three months, using Santiment statistics. The Ethereum community is speculating because a spike in active addresses frequently indicates an increase in network activity, which is essential given Ethereum's poor performance last month. Higher activity leads to more user transactions, which boosts demand for ETH and boosts its price. Many Ethereum supporters hope this happens when the cryptocurrency breaks out of $3,400–3,600. ETH To Rebound Bigly Additionally, crypto researcher Michaël Van De Poppe has boosted Ethereum's market recovery prospects. Van De Poppe said ETH's downturn will reverse if it trades over 0.05 on the ETH/BTC price chart. In the last week, ETH has dropped 1.56% to $3,504.42. Significantly, the token's daily volume is down 52.93% to $7.50 billion. ETH may rebound to $4,000 in March if bulls can exert significant pressure and force an upward breakthrough. Ethereum might drop 14% to $3000 if bears maintain market grip. Note that all projections are speculative and unreliable. Investors should investigate before purchasing anything. #ETHETFsApproved #ETH $ETH
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👉🤔Who Created Bitcoin? Many speculations and research have failed to identify Bitcoin founder Satoshi Nakamoto. After the 2008 financial crisis, Bitcoin revolutionized the cryptocurrency industry. Whoever created Bitcoin goes by Satoshi Nakamoto. This groundbreaking digital money introduced peer-to-peer transactions without banks. Bitcoin's origin is unknown despite its financial importance. Birth of Bitcoin Bitcoin's narrative began with the 2008 financial crisis, which exposed global financial system flaws. In an October 31, 2008 white paper, Nakamoto advocated a decentralized financial system. The white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” proposed a blockchain for all transactions to guarantee transparency and security. Block 0, the first Bitcoin blockchain block, was mined on January 3, 2009. This event marked Bitcoin's genesis and suggested a remedy to the banking system's flaws. Bitcoin was mined by decentralized currency enthusiasts when it had no value. On May 22, 2010, 10,000 BTC were traded for two pizzas, the first big Bitcoin transaction. “Bitcoin Pizza Day” commemorates the cryptocurrency's initial real-world value. Nakamoto last wrote in April 2011 wishing Bitcoin ongoing success. The Satoshi Nakamoto Unmask Satoshi Nakamoto's identity remains unknown after intensive studies. Computer scientist and cryptographer Nick Szabo, Hal Finney, Dorian Nakamoto, Craig Wright, Dave Kleiman, Wei Dai, and Blockstream CEO Adam Back are among the candidates. However, none of these hypotheses are verified. Nakamoto's identity has been sought via stylometric study of his writings, blockchain analysis, and research of early Bitcoin transaction timestamps and IP addresses. Despite these attempts, no conclusions have been reached. Nakamoto's innovation is significant despite his identity being unknown. Bitcoin has revolutionized banking and technology with its digital currency and peer-to-peer payment system innovations. #BTC #Bitcoin #SatoshiNakamoto $BTC
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After Nvidia stocks climb, FET rises In reaction to Nvidia stock gains, Fetch.ai's FET rose 26%. FET is under control at press time, but the surge is notable since it might exceed Bitcoin again. FET reached $3 before. In March this year. Investors are red for ecological bearishness. The token is down 7.36% in 24 hours to $1.56. The previous 7 days had a 1.54% dip and the last 3 days 37.73%. The market valuation and 24-hour trading volume have dropped dramatically. The market is over $1.3 billion and the latter category $314+ million. Nvidia stock jumped to $138 and continues to grow. After falling to $130.78, a correction is possible. Everyone was interested in its value surpassing Apple and Microsoft to become the world's most valuable corporation. That signaled to the industry that Nvidia's frenzy is here to stay. Demand for AI solutions drives Nvidia. Big companies like OpenAI use its processors and GPUs. FET might hit $1.6 in 5 days and $1.8 in 30. With 18.92% volatility, monthly growth would be 14.35% higher. Around 43.77 is the 14-day RSI. Bearish sentiments with a 63 Fear & Greed Index score for the token. The latest 30 days of FET trading may indicate investors are absorbing energy. Nearly 23% of its deals have been green, while the market has been red all other days. The 50-day and 200-day SMAs are $2.06 and $1.566658. Bitcoin and Ethereum were outperformed by AI cryptos. If Nvidia maintains growing, the pattern may return. In the same sequence, BTC and ETH fell below $65,000 and $3,500. Spot ETF may help Bitcoin recover. Ether, on the other hand, relies on SEC ETF approval rumors. AGIX from SingularityNET is another community-popular AI token. The price dropped 6.37% in 24 hours to $0.6443. However, it gained 20% before. DGI by Delysium and SNS by Synesis One gained. #FET #BinanceTournament $FET
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Little-Known But Important Dogecoin Indicator Goes Off—How High Can It Drive Price? The Gaussian Channel, a seldom-used but crucial indicator, suggests the Dogecoin price drop may soon end. Trader Tardigrade, a crypto expert, reported that the Gaussian Channel on the DOGE weekly chart flashed green, signaling the coin may rise during the next wave. DOGE Gaussian Channel Shines Green Compared to moving averages, RSI, and MACD, crypto specialists are less familiar with the Gaussian Channel. A Gaussian Channel depicts two normal distribution curves to highlight locations where the price is at extreme highs or lows compared to its previous range. DOGE's price has been known to rise when it hits the green zone of this lesser-known yet strong technology. Analyst Trader Tardigrade uploaded a DOGE weekly chart on social networking site X showing the cryptocurrency in the Gaussian Channel's green zone. A strong surge upward may be coming after this optimistic event. Analyst: “When the time is up, #Dogecoin will surge incredibly.” A closer look at the data shows two more times Trader Tardigrade found similar patterns for Dogecoin and the Gaussian Channel. DOGE began a multi-year journey in 2016 when the Gaussian Channel went green, achieving several all-time highs in 2018. DOGE skyrocketed in 2021 and 2022 to its current all-time high. It Can Drive Dogecoin Price High? No one can anticipate price objectives precisely. DOGE should be bullish over the next several years if history repeats itself. A spike might push DOGE over its all-time high into uncharted pricing territory, according to the expert. His most optimistic prediction is Dogecoin would reach $1 by 2025 from $0.73 current year. Over 5,100% higher than the current price, Trader Tardigrade set an ultimate price goal over $6.5. Some of the greatest meme coin fans may find this ultra-bullish price objective impossible given DOGE's recent price behavior. DOGE is trading at $0.1235 and down 9.44% in the previous week despite a market downturn. #DOGE $DOGE
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#MarketSentimentToday BtcTurk acknowledges cyber incident, AVAX loses over 5% The price of Avalanche fell 5% on Saturday. Santiment data shows AVAX's social dominance peaked around three months. A $54.2 million AVAX transfer to Coinbase THORChain was linked to a BtcTurk cyber assault by an on-chain analyst. Avalanche (AVAX) lost roughly 7% on Saturday, June 22. The smart contract platform partnered with Konami Digital Entertainment. Resella, an NFT platform that streamlines digital asset development, issuance, and trading on Avalanche, is anticipated from the game developer. Correction hits Avalanche's AVAX token According to TradingView, AVAX is down roughly 7% on Binance at $25.88. The smart contract platform's token fell over the weekend, but its social influence reached a three-month high. The significance of an asset among traders is measured by social dominance. Asset share in crypto debates on social media like X is measured. Santiment indicates AVAX social dominance at 1.211%, up from 0.7281% on March 22, over three months ago. The Santiment chart below shows that the indicator anticipates local tops/bottoms but does not directly affect asset prices. AVAX Avalanche's drop may be triggered by a $52 million deposit, according to on-chain expert ZachXBT's X tweets. The researcher tracked the AVAX transfer to Coinbase to a cyber assault on BtcTurk, a Turkish crypto exchange. ZachXBT tracked the address and thinks it took over $46 million in Bitcoin from Binance and Coinbase. BtcTurk acknowledges cyberattack, guarantees users are safe Crypto exchange BtcTurk verified a hot wallet hack. The exchange says the incident only affected certain hot wallet assets and its cold wallets are protected. The exchange halted deposits and withdrawals for safety. Affected hot wallets of 10 coins do not impact users. The email exchange said, "BtcTurk's financial strength far exceeds the amounts affected by this attack, and our users' assets will not be affected by these losses." #BTCTURK #Hack #AVAX $AVAX
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