Here’s The Number of Ethereum Holders in Profit as ETH Surges to $3.8K Author: Amir Nadeem
Monday was an eventful trading day for ETH as the asset rallied 10% in 25 minutes, surging past $3,150 to $3,450.
Ethereum’s (ETH) dramatic rally to the $3,700 price zone has put a substantial portion of the cryptocurrency’s holders in profit, boosting their investment returns significantly.
According to a tweet by IntoTheBlock, 90% of market participants holding ETH are currently in profit, while the remaining 10% are at the money. No ETH holder is at a loss, at the time of writing.
90% of ETH Holders in Profit Monday was an eventful trading day for ETH as the asset rallied 10% in 25 minutes, surging past $3,150 to $3,450. At press time, the crypto asset had risen to $3,790, indicating a 22% increase in the past 24 hours. This significant uptick has put the majority of ETH holders in profit.
Ethereum on-chain indicators witnessed similar dynamics roughly two months ago, shortly after the Dencun upgrade. However, the crypto asset saw a significant plunge at the time. ETH fell more than 11% within a week and settled at $3,500. Regardless, around 89% of the asset’s holders were in profit.
This time, ether is rallying on news of the potential launch of spot Ethereum exchange-traded funds (ETF) in the United States, seeing its highest 24-hour move in a year. $ETH
The post Ethereum Open Interest Reaches $14B High appeared first on Coinpedia Fintech News
Ether futures open interest has hit a record high of $14 billion, signifying increased market activity. Interestingly, this rise in Ether open interest coincides with Ethereum’s price surge to $3,650, an increase of 18% in the last 24 hours. The increased chances of a possible Ethereum ETF approval have fueled this bullish outlook on Ethereum. Bloomberg ETF analysts have raised the chances of the agency’s approval from 25% to 75%. The first round of spot Ether ETF deadlines is approaching, with VanEck’s on May 23 and Ark Invest’s on May 24.$ETH #ETHETFS
$GRT has demonstrated remarkable strength with its recent breakout, confirming primary support around $0.25. This confirmation positions it well to reach our next target of $0.47, expecting bullish momentum from $BTC . In the previous rally, we've observed a 460% profit. $GRT
$SEI made another breakout move. At 0.50$, its support is now confirmed, making the journey to our 1.08$ target look straightforward. We're hopeful that $BTC remains bullish throughout. In the past, we've noted 11x gains on it. $BTC
$LDO is holding firm and moving ahead after confirming the $1.50 support. If $BTC continues to climb, we could reach our $3.70 target much sooner than expected! Before, we've recorded a 120% profit growth on it. $BNB
And just sold this 👇 $BTC to buy it again at $66K / $67K 🥰 Follow us for daily #crypto updates, talk and free signals, advise act... #Solana #Polkadot #writetoearn $BNB $ETH
Target 1: 0.04486 Target 2: 0.04588 Target 3: 0.04669 Target 4: 0.04457 I hope you all booked accordingly and sl at on tp 1 or 2 a I already said about this with 3x= 30 approximately GALA on fire #gala $GALA $BTC
The Graph is an indexing protocol for decentralized applications that allows developers to efficiently access blockchain data. Developers can build subgraphs that define how to ingest, index, and serve blockchain data in a verifiable way. #Write2Earn #Portal #TrendingTopic $BTC $GRT $BNB
(LINK) Demonstrates Remarkable Growth By. Amir Nadeem
#Write2Earn #TrendingTopic #fomc Chainlink's resilient absorption of liquidity during the dip, coupled with a robust price rebound, signals its poised stance for a breakout toward the $25-$30 range.Chainlink (LINK) Demonstrates Remarkable Growth $Link, the Oracle service provider, is currently witnessing robust trading activity, with its (LINK) price surging by an impressive 6.5% over the last 24 hours, reaching $16. This notable uptick contrasts with the broader market's ongoing consolidation. Remarkably, $Link has ascended to the 12th position in terms of market capitalization, fueling aspirations of securing a coveted spot among the top ten cryptocurrencies.
With an eye on a potential breakout, crypto market analyst Michael van de pope recently conducted an analysis of ($LINK ), offering valuable insights into its prospective trajectory. His observations highlight key factors supporting the anticipation of a bullish breakout:
1. Liquidity Absorption: Link successfully absorbed liquidity during a dip to the $12.20 level.
2. Resistance Testing: The cryptocurrency underwent multiple resistance tests, signaling the possibility of an upward trajectory.
3. BTC and ETH Dynamics: The CBitcoin ($BTC ) pair exhibits signs of bottoming, while Ethereum ($ETH ) displays heightened activity.
Taking these factors into consideration, van de suggests that could potentially undergo a positive breakout in the near future. He forecasts a price range of $25 to $30 in the coming months. Traders and investors are encouraged to stay vigilant and monitor these developments for potential opportunities within the Chainlink market.
The Future of Finance? How AI Is Reshaping Cryptocurrency Protocols
AI integration within cryptocurrency protocols offers efficiency and scalability, a promising application.
Using AI as an interface introduces complexity and risk, requiring cautious development.
Decentralized, trustworthy AI for cryptocurrency presents challenges but holds potential for enhanced functionality and safety.
In a recent exploration of the intersection between cryptocurrency and artificial intelligence (AI), Ethereum co-founder Vitalik Buterin delves into the complex relationship between these two technological frontiers. Through a comprehensive blog post, Buterin outlines four ways AI could potentially integrate with cryptocurrency platforms, from acting within protocols to serving as the end goal. His analysis sheds light on both the promising prospects and the inherent challenge