Bitcoin Whales Continue Accumulating Amidst Price Downturn

#BTC #TradeNTell

Despite a prevailing negative sentiment, Bitcoin whales holding over 1000 coins are actively increasing their accumulation, signaling potential shifts in market dynamics.

The surge in the number of Bitcoin [BTC] addresses holding over 1,000 BTC has reached an unprecedented level, even as the coin faced a dip in performance following the approval of ETFs, as reported by IntoTheBlock's data. As of the latest update, the leading cryptocurrency is valued at $41,760, reflecting a 15% decrease from its post-ETF approval peak of $48,625.

In the wake of persistently bearish sentiment, numerous market participants have opted to reduce their exposure to Bitcoin, strategically distributing portions of their BTC holdings. Interestingly, larger whales, holding over 1000 coins, have taken a divergent approach by intensifying their accumulation efforts amidst the declining price trend.

Smaller Bitcoin Whales Chart a Unique Course

Conversely, investors holding between 1 and 1000 coins have chosen a different path, actively reducing their holdings in recent days. Santiment's data indicates that this group of BTC investors initiated a coin distribution on January 5, possibly influenced by a report from crypto investment services provider Matrixport published two days prior. The report speculated on the expectation of the U.S. Securities and Exchange Commission (SEC) rejecting all pending spot BTC ETF applications.

This triggered a market frenzy, resulting in a double-digit plunge in BTC's value and the liquidation of $500 million worth of positions across derivatives exchanges within a 24-hour period.

Despite the approval of ETFs, sentiments among BTC holders failed to improve. As of January 26th, there were 878,000 addresses holding between 1 and 1000 coins, marking a 0.4% decrease from the 882,000 addresses at the beginning of the year.

CLAIMING MANTA NETWORK $MANTA : YOUR TICKET TO CRYPTO PROSPERITY
#MantaPacific #AirdropAlert #MANTA #Airdrop #TradeNTell
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Engaging with cryptocurrency airdrops can be exciting for users and beneficial for projects. They present an opportunity for individuals to expand their digital asset portfolios and for projects like Manta Network to increase visibility and usage. The Manta Network Airdrop, specifically, targets the community around the Manta Network token MANTA, aiming to distribute rewards and foster stronger community ties.

The Basics Of Manta Network Crypto Airdrop

Understand the basics before diving in. The primary purpose is to distribute Manta Network tokens amongst existing and new members. Primarily, Manta Network tokens are stored in the user’s crypto wallet airdrop.

Select a preferable blockchain

Set up a Manta Network wallet

Register for the airdrop

Wait for token distribution

⚡️Checking Your Eligibility

To see if you can join the crypto airdrop party, you need to meet certain criteria. The team has set rules to make sure that supporters get the tokens. Here’s what you need to have in your treasure chest:

A valid and active cryptocurrency wallet

Participation in the crypto community events

A good history of transactions in your wallet

Make sure to check the official crypto Network channels. They often update eligibility details there.

⚡️Steps To Claim Your Airdrop

Claiming your crypto airdrop is like finding treasure at sea. Just follow the map:

Visit the official Crypto Airdrop webpage.

Connect your wallet to the airdrop portal.

Press the “Check Eligibility” button and wait for confirmation.

If you’re eligible, the “Claim” button will light up.

Click on “Claim” and complete any requested security checks.

Confirm the transaction on your wallet to receive your tokens.

Patience is key; token distribution can take time.

The tokens will swim into your wallet once processed. Congratulations in advance!

Shiba Inu Team To Begin Auto Burn Testing, Sei and NuggetRush Remain Bullish
#SHIB💥 #TradeNTell

Shiba Inu Price Prediction teases the SHIB token price could reach a maximum of $0.00002026 by the end of 2024.

Shiba Inu price, with a potential surge, could go as high as $0.000195 by the end of 2030.

SHIB is currently valued at $ 0.00000903

With the markets taking a sharp bearish turn as January 2024 concludes, the meme coins are facing extreme heat with this reversal. With the failing attempt of ETFs to lift the markets, the SHIB price falls and forms a bearish pattern.

As the downtrend downtrend gains momentum, the crucial levels are shining as areas of interest to buy the dips. However, with the breakdown of multiple levels, which level should you be looking for to buy Shiba Inu. Additionally, should you even consider buying Shiba Inu amidst such market conditions?

Well, with multiple bullish events lined up in 2024 with high probability to boost the crypto market, holding meme coins can prove profitable. Further, as the second biggest meme coin with a market capitalization of $5.575 billion, Shiba Inu is ready to rise upon the ranks of altcoins.

The ongoing price action brings us to the burning questions on every SHIB enthusiast’s mind: “Will Shiba Inu (SHIB) reach 1 cent?” or “Will Shiba Inu go up?” or “Is Shiba Inu a good investment?”

Furthermore, we’ve crafted a comprehensive Shiba Inu price prediction for 2023 – 2025 to address these pressing queries.

Indeed, join us on this analytical journey as we explore the potential SHIB price prediction trajectory for 2024 – 2025 and beyond.

#xrp #TradeNTell Facing Numerous Negative Signals

The count of wallets holding 100 million to 1 billion XRPs has decreased, suggesting a potential shift in market dynamics. Short positions might currently offer more profitability compared to long positions.

Challenges Unfold in the World of XRP

While Ripple (XRP) continues to maintain its position among the top 10 cryptocurrencies by market cap, recent performance has raised doubts among significant investors regarding its long-term prospects. However, it's not just questions circulating; notable changes have occurred in the XRP Ledger (XRPL) ecosystem. Between the 24th and 25th of January, a noticeable decline was observed in the number of addresses holding 100 million to 1 billion XRP tokens.

This drop hints at a loss of confidence among some major stakeholders, leading to a subsequent liquidation of their XRP assets. The decision to exit the XRP market seems to be correlated with its recent price actions, with XRP currently priced at $0.50, reflecting a 19.18% decrease in value over the last 30 days.
The challenges faced by XRP extend beyond recent weeks.

Lower Lows or Stagnation

XRP's struggles prompted a response from prominent Bitcoin (BTC) maximalist Max Keiser. On January 23rd, Keiser, known for his critical stance on altcoins, referred to XRP as "centralized garbage."

Despite the price downturn, there remains a positive sentiment surrounding the cryptocurrency. This optimism is reflected in the Weighted Sentiment Metric, which, at the time of reporting, had risen to 0.71. This metric evaluates the unique social volume associated with a project, and a negative value indicates a predominantly bearish sentiment in discussions about the asset.

Despite the positive Weighted Sentiment, indicating an overall optimistic sentiment in discussions about XRP, it's crucial to recognize that this bullish outlook doesn't guarantee an immediate recovery in XRP's price. While a rebound is possible, it would require more than just positive market perception.

NFTs Fuel Growth on the Solana (SOL) Blockchain

#Solana-SOL #TradeNTell

Solana experienced a surge in NFT volumes, propelled by the popularity of prestigious collections. The recent developments from Magic Eden hold the potential to further stimulate growth within the Solana ecosystem.

Solana has experienced remarkable growth in recent months, propelled initially by the surge in popularity of meme coins and decentralized exchanges (DEXes). However, a notable shift has been observed as NFTs take the reins in steering Solana's upward trajectory.

Prestigious NFT Collections Take the Lead

Leading the charge is the Blue Chip Solana NFT index, which has seen a substantial surge in volume over the past 24 hours. According to Solanafloor, Solana NFT volumes have witnessed a notable 27% increase in the last week alone. Noteworthy collections such as MadLads, Tensorians, and Solana Monkey Business have played a pivotal role in driving this growth.

Despite a decline in the total floor value of these collections, indicating opportunistic purchases at discounted prices, the overall activity on the Solana network has seen a significant uptick. Recent data reveals a staggering 140.2% growth in revenue generated by Solana in the last 30 days.

However, amid these positive developments, there has been a paradoxical decline in overall network activity, as Token Terminal's data points to a 16.6% drop in daily active users on the Solana network over the past month.

The prospect of change and revitalization looms on the horizon for the Solana network, driven by new developments. Magic Eden, a prominent NFT marketplace in the crypto sector, has announced plans to launch a reward program on the Solana network, potentially heralding a new chapter of growth and engagement.

The anticipated influx of users to the Magic Eden marketplace is poised to not only boost the platform but also trigger a surge in overall activity on the Solana network.

always remember to #DYOR🟢

Bitcoin's Pre-Halving Rollercoaster: Dips and Swift Recovery

#BTC #TradeNTell
Surging past $41,000, Bitcoin encounters a tempered market sentiment with analysts predicting imminent dips ahead of the anticipated pre-halving rally.

Bitcoin has made a comeback, surpassing the $41,000 mark after a period of volatility that led to its fluctuation below $40,000 multiple times due to industry outflows. The recent recovery of nearly 5% on Friday injects a sense of caution into the market, particularly in the short term. Investors are anticipating a pre-halving rally before April, a period historically associated with bullish trends for the leading cryptocurrency.

Despite the positive momentum, analysts are issuing warnings about the potential challenges ahead. Michaël van de Poppe, an analyst, suggests that a consolidation phase is likely before Bitcoin can strive for new highs, stating that the current situation aligns with his expectations.