Ethereum To Plunge To $2,500 This Month? What’s Next For ETH And ENA?

With only 395 Blocks remaining for the next Bitcoin Halving, the cryptocurrency industry continues to display a significant correction in valuation. Top tokens continue to hover close to their important levels, indicating increasing selling pressure in the crypto space.

The Ethereum blockchain continues to bleed with the leader of altcoins, ETH price, losing over 15% in its portfolio during this time. Moreover, the blockchain’s latest token, the Ethena (ENA) price has displayed a similar trend by following in the footsteps of its leader.

Ethereum (ETH):
After displaying a correction of 12.65% and witnessing a bearish price sentiment for over a week, the ETH coin price has recorded an uptrend of approximately 3% within the past day, indicating a decline in the selling pressure within the cryptocurrency space.

The Ethereum token has recently formed a symmetric triangle pattern and is trading within it. Moreover, the ETH coin is hovering close to its resistance level of $3,149 and its support trend line of the triangle, highlighting uncertainty in the future price action for the altcoin leader.

The EMA 50-day shows a bearish convergence in the 1D time frame. On the other hand, the technical indicator, MACD, shows a constant red histogram with its averages showing a constant decline in the chart.

If the bulls regain momentum, the price will break out of its resistance trend line and attempt to test its upper level of $3,697. Conversely, a bearish sentiment could result in the price falling to test its low of $2,800 in the coming time.

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Polygon aims to bridge Solana with Ethereum as analysts eye new AI altcoin.

Polygon launches X Layer to bridge Solana with Ethereum, while InQubeta’s AI-driven crypto platform gains analyst support ahead of its final presale phase.

The developers of the Ethereum (ETH) scaling solution, Polygon (MATIC) Labs, released a new plan in 2023 to function as the value core of the decentralized internet. They aim to achieve this by facilitating the creation of a network of linked blockchains that share Ethereum’s security and liquidity, like Solana (SOL). Meanwhile, InQubeta (QUBE), an emerging AI (artificial intelligence) altcoin, has garnered attention from analysts as they see high potential in the project.

As the official listing on mainstream exchanges approaches, top analysts are backing InQubeta. Other investors are eager to see the coin perform at its peak when it debuts on the open market. The InQubeta project offers a unique cryptocurrency and AI crowdfunding platform by leveraging trending NFTs (non-fungible tokens). With its distinctive offering and price increase, the project’s last presale round is ending and has raised over $13.6 million.

As the InQubeta presale conclusion, investors are lining up to back one of the leading altcoins on the blockchain. Stage nine presale is the final one, and allows participants to purchase QUBE tokens at a discount. Analysts expect a 5,000% increase in value when it launches.

Over $13.6 million was made from selling almost 1 billion QUBE tokens, demonstrating the magnitude of the InQubeta rally that will occur once it is listed on exchanges. Regarding InQubeta’s future, analysts are optimistic and predict a potential surge once it launches on the markets. Given its connections to the AI sector and its current price of $0.028 per token, the QUBE token is accessible to investors searching for promising altcoins to add to their portfolio.

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Dogecoin (DOGE) and Shiba Inu (SHIB) to Pump But Recapturing 2021 Bull Run Gains Remains Unlikely, Here’s the New Coin Analysts Are Betting on in 2024.

Buckle up for a wild ride as the cryptocurrency market gears up for a potential pump! While Dogecoin (DOGE) and Shiba Inu (SHIB) are primed for a surge, a newcomer is stealing the spotlight. Analysts are betting big on this innovative project, and for good reason.

Dogecoin (DOGE) Primed for a Pump

The meme-inspired cryptocurrency Dogecoin (DOGE) has been a favorite among retail investors and influencers. With a dedicated community rallying behind it, DOGE has repeatedly defied expectations. However, recapturing the bull run gains of 2021 remains a daunting task. Despite its popularity, DOGE’s lack of real-world utility and reliance on hype have raised concerns about its long-term sustainability.

Shiba Inu (SHIB) Riding the Meme Wave
Shiba Inu (SHIB), another meme-inspired token, has also been a hot topic in the crypto world. Its vibrant community and ambitious ecosystem plans have fueled its rise, but like DOGE, SHIB’s value is heavily tied to speculative trading. As investors seek more substantial projects, SHIB faces challenges in maintaining its momentum and reclaiming the heights of the 2021 bull run.

Retik Finance (RETIK): The New Coin Analysts Are Betting On.

Retik Finance (RETIK) is emerging as a force to be reckoned with in the world of cryptocurrencies. This cutting-edge decentralized finance (DeFi) project is revolutionizing global transactions with its innovative suite of financial solutions. What sets Retik Finance (RETIK) apart?

DeFi Debit Cards: A Game-Changer
Retik Finance (RETIK) has introduced futuristic DeFi debit cards, revolutionizing the way we transact. These virtual debit cards offer users a seamless experience, allowing them to spend their cryptocurrencies effortlessly while earning attractive incentives in RETIK tokens for every transaction.

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Crypto market ‘underestimates the long-term impact’ of Bitcoin halving: Bitwise.

The Bitcoin BTC tickers down $63,603 halving is days away now, scheduled for April 20, but price action in the month that follows the highly anticipated event has been historically disappointing, said Bitwise Asset Management.

In an April 16 X post, Bitwise noted past price action in the month after the Bitcoin halving for the past three halvings saw its price drop — but in the year that followed, its price saw a minimum of triple-digit percentage point gains.

In the month after the 2012 halving, Bitcoin gained 9% — but over the next year, it surged 8,839%.

A similar pattern played out in the 2016 halving: Bitcoin fell 10% the month after and gained 285% to peak at $20,000 in 2017. Again, in 2020, it saw a 6% price gain in the month post-halving, then a 548% pump in the year following.

“The data is limited but the picture reveals an intriguing pattern,” Bitwise wrote. “The market prices in the short-term impact of the halving but underestimates the long-term impact.”

The current market cycle is the first time that Bitcoin has hit an all-time high before its halving.

The cryptocurrency hit its current $73,679 peak on March 13, its since corrected 16% to a low of $61,500.

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Bitcoin drops as dollar eyes ‘best 5-day run’ in 14 months on expected rate cut hold.

The United States dollar is eying its “best 5-day run” since February 2023, while Bitcoin
BTC tickers down $63,559 has dropped over that time as interest rates are expected to remain high and the cryptocurrency sees volatility leading up to its April 20 halving.

The dollar’s strengthening is likely driven by expectations of sustained higher interest rates, according to trading resource The Kobeissi Letter.

“Less than a month ago, markets were anticipating the Fed to start cutting in June. Higher for longer is now the base case,” The Kobeissi Letter wrote in an April 17 X post.

Higher interest rates typically encourage foreign investors to take advantage of greater returns on bonds and term deposits, increasing the demand for the dollar.

The Bloomberg Dollar Spot Index (BBDXY) — which tracks the performance of a basket of 10 leading global currencies versus the U.S. dollar — has climbed by approximately 2% over the last 5 trading days, its largest increase in 14 months.

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How is The Solana Foundation Decentralizing the SOL Blockchain?

The Solana Foundation is a non-profit organization that aims to improve the Solana ecosystem. While the Solana blockchain is best known for its high performance, it’s often fallen short of its peers regarding decentralization and security.

Even though the Solana network’s decentralization and stability have been improving, and the ecosystem’s thriving DeFi and NFT scene continues to explode, there’s still plenty of work to do.

What is the Solana Foundation, and what is the Switzerland-based entity doing to improve the Solana blockchain?

Let’s think back to Bitcoin creator Satoshi Nakamoto’s original vision and everything that blockchain technology stands for. Decentralization, censorship resistance, and permissionless custody and asset control are all central pillars of the crypto world.

The Solana Foundation is responsible for ensuring that these virtual data are upheld and that the Solana network remains a fair and distributed blockchain that is safe to use. 

A separate body from Solana Labs, the Solana Foundation was officially founded in April 2020, just a few weeks after the launch of the Solana mainnet. The Foundation was given all IPs related to the protocol and tasked with preparing the ecosystem for mass adoption. 

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Trader Known For Calling Bitcoin Bottoms Predicts New All-Time Highs For BTC, Updates Outlook On Dogecoin Rival.

A trader who nailed the 2018 Bitcoin bear market bottom believes that the most recent correction has put BTC in a position to rally to a new all-time high.

Top analyst Bluntz tells his 255,000 followers on the social media platform X that Bitcoin appears to have printed a local bottom after completing an ABC corrective wave on the four-hour chart.

The trader uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after an three-part ABC correction.

Looking at the trader’s chart, he appears to suggest that BTC will rally to a fresh record high of $82,228.

At time of writing, BTC is worth $63,535.

The trader is also keeping a close watch on the movements of memecoin dogwifhat (WIF). The analyst says that WIF may have printed a local bottom at around $1.80 but notes that more price action is needed to confirm his analysis.

“$1.80 hit and wicked straight into the 0.618 [Fibonacci level] on WIF. Promising reaction so far, hoping this is the low, but will wait for an impulsive five-wave rise on low timeframes i.e. 30 minutes to one hour for confirmation.”

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SHIB, DOGE, ADA See Relief Rally After Enormous Crash.

The cryptocurrency market is seeing a modest relief rally after experiencing an enormous crash on Saturday due to growing tensions in the Middle East.

Ethereum (ETH), the largest altcoin, has managed to reclaim the $3,000 level after plunging to as low as $2,878.

Dogecoin is currently trading at $0.1591 after collapsing to $0.1358. The meme coin's drop was so precipitous that it seemingly caught Bloomberg expert Joe Weisenthal off guard.

Shiba Inu, after crashing to as low as $0.00001904, has now managed to recover to $0.000022.

Other major cryptocurrencies, such as XRP, Cardano (ADA) and Avalanche (AVAX), are also seeing some green, but they are still down substantially over the past 24 hours.

As reported by U.Today, the Bitcoin price collapsed by more than 8% after Iran attacked Israel with drones and missiles. However, industry leaders of the likes of Mike Novogratz are certain that it is only a temporary correction, predicting that the market cycle will continue.

However, the trajectory of the crypto market likely depends on whether or not there will be further escalation in the Middle East.

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The total crypto market cap is currently below the $2.5 trillion mark after previously approaching $3 trillion.

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DOGE Price Set For Rebound? Whale Moves $26 Million In Dogecoin Off Robinhood.

The price of Dogecoin has been experiencing a significant amount of bearish pressure in the past few days. This recent decline coincides with a general market downturn, which has seen other large-cap assets like Bitcoin and Ethereum tumble with notable losses.

However, the meme coin’s price might not be down for too long, especially after a major investor executed a massive transaction off a centralized exchange. The transfer, which an on-chain data tracker flagged, has sparked speculations in the DOGE community and could be bullish for the meme coin’s price.

Whale Transfers 150 Million Dogecoin From Robinhood
According to data from blockchain transaction tracker Whale Alert, a substantial amount of Dogecoin has made its way off the Robinhood exchange. In the past day, an outgoing transfer of 150 million DOGE tokens, equivalent to more than $26 million, from the crypto trading platform was spotted on the Dogecoin blockchain.

Given the magnitude of this transaction, it appears that a whale was behind this movement of funds. Whales refer to influential entities or individuals that own or hold significant amounts of a particular cryptocurrency in their wallets (Dogecoin, in this case).

Whales are often perceived as major players in the crypto market, as their buying and selling activities can have a substantial impact on a token’s price. As such, their actions can be worth keeping an eye on, especially as they can lead to speculations and potential market shifts.

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Bitcoin nosedives as political tensions escalate in the Middle East

Bitcoin price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating geopolitical conflicts in the Middle East.

The price of Bitcoin BTC tickers down
$64,498 dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following news of the attack.

The sell-off is also affecting other cryptocurrencies. At the time of writing, Ether
ETH tickers down $3,045 was down 9.81% to $2,927, while Solana’s SOL tickers down $141 sank 15.96% to $129. According to CoinMarketCap data, the global crypto market capitalization declined 8.19% to $2.23 trillion.

According to Bloomberg, Iran launched drones toward Israel on Saturday, April 13. The action is retaliation for an attack conducted by Israel days before, which targeted a diplomatic compound in Damascus, Syria, killing seven Iranians, including two generals.

Aside from the airstrikes, Iranian authorities have reportedly seized a cargo ship owned by a billionaire Israeli.

On April 12, United States President Joe Biden warned that Iran would launch attacks “sooner than later,” highlighting that the U.S. would help defend Israel:

“We are devoted to the defense of Israel. We will support Israel, we will help defend Israel, and Iran will not succeed.”

The conflict between Iran and Israel significantly escalates tensions in the region, something the U.S. has been reportedly trying to prevent since the Oct. 7, 2023, terrorist attacks carried out by Hamas, which has led to broader ongoing conflict between Israel and Hamas.

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Over the past 15 months, Bitcoin (CRYPTO: BTC) has absolutely been on fire. It is up over 320% and is currently trading near its all-time high of $73,750. Right now, Bitcoin has a market cap of more than $1 trillion. So, what if I told you that Bitcoin was just getting started and that it could gain another $1 trillion in market cap by the end of 2025?

Yes, you would have plenty of reasons to roll your eyes or laugh politely. But there is an upcoming event -- the much-anticipated Bitcoin halving -- that many Wall Street analysts think could help Bitcoin double in value and gain another $1 trillion in market cap within the next 12 months. Are they right?

The logic behind the Bitcoin halving
The first thing you need to know is that the Bitcoin halving will come and go on or about April 19, and you probably won't even know it happened. You won't see millions of people gathering in specific locales to cheer on the event, as we recently saw with the total solar eclipse. And you won't see Satoshi Nakamoto -- the pseudonymous creator of Bitcoin -- making the rounds on late-night TV. At best, you'll see mentions of #Bitcoin blowing up in your social media feeds.

That's because everything happens algorithmically and not in the real world. Approximately every four years, the Bitcoin algorithm readjusts such that the mining rewards for Bitcoin miners are slashed by one-half. Currently, they receive 6.25 BTC for every block they add to the Bitcoin blockchain; on or about April 19, they will receive 3.125 BTC.

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Solana Developers To Address Transaction Failure Bug By April 15.

Solana developers have set April 15 as the target date for implementing a fix for recent transaction failures and issues that have plagued the blockchain network.

According to Helius Labs CEO, the issues plaguing the blockchain network result from an implementation bug, not a design flaw.

Solana Developers Set Target Date

According to reports, the implementation bug has caused the transaction failure rate on the Solana blockchain to skyrocket. Developers have now confirmed they are looking to implement a fix for the bug on April 15. On April 4, over 75% of non-vote transactions on the Solana blockchain experienced failures primarily due to the surge in activity on the network due to the burgeoning popularity of Solana-based meme coins. However, the failure rate has now dropped to 64.8%, a figure still too high.

Issue Due To Implementation Bug, Not Design Flaw

According to Mert Mumtaz, the CEO of Helius Labs, Solana’s current problems stem from an implementation bug and not a design flaw. Mumtaz stated,

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Solana rival Base hits 400 TPS, claims core contributor.

Coinbase Ethereum layer-2 network Base has been hitting high transaction per second (TPS) throughput according to the firm’s head of protocols, Jesse Pollak.

In an April 9 post to X, Pollak reported seeing throughput as high as 300–400 TPS, which he said was being achieved “with no issues.”

However, the Coinbase-backed layer-2 blockchain has a real-time TPS of 26.8 and a maximum recorded TPS of 292, according to Chainspect.

Layer-2 ecosystem analytics platform L2Beat reported that average transactions per second on Base reached a peak of 37 on April 8, more than double Ethereum’s 14 TPS.

In a response to Pollak’s original post on X, pseudonymous trader Wazz claimed that if Pollak’s observations were accurate, then the network could be achieving a similar TPS to the Solana network.

“Correct me if I’m wrong but if true then Base is now doing the same TPS as Solana.”

Wazz added that around 60% of Solana’s reported 1,000 TPS were failed transactions, meaning that the actual TPS was closer to 400.

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Is Bitcoin’s on-chain bull run momentum over? Indicator flashes red.

Bitcoin BTC tickers down $69,062 OGs appear to be gearing up to cash in on their gains ahead of the Bitcoin halving, according to a leading indicator popular among crypto traders.

An indicator called the Value Days Destroyed (VDD) Multiple recently spiked above 4.0, leading crypto commentators to speculate that the wider market could be nearing the end of the bull run.

“Has on-chain momentum topped?” pseudonymous trader TXMC Trades asked their 83,200 X followers in an April 10 post.

The VDD Multiple is intended to highlight instances where the price of Bitcoin could be showing signs of overheating and nearing its peak during major market cycles.

A higher VDD Multiple reading indicates a larger amount of Bitcoin quickly entering the market, likely to be sold.

It is measured by multiplying the existing Coin Days Destroyed metric by the current price of Bitcoin to compare spending velocity over time.

Currently, it stands at 3.03, having briefly surged to 4.21 on March 28. It has doubled since the beginning of this year when the VDD multiple hovered around 2.04 on Jan. 1, as per GlassNode data.

The last time the VDD multiple went above 4 was in January 2021, when Bitcoin was $40,257.

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Bitcoin Breakout Halts as U.S. Inflation Data Looms

Bitcoin (BTC) dropped 3% in the past 24 hours, invalidating a bullish breakout, ahead of the release of U.S. inflation data that could dictate when the Federal Reserve (Fed) starts cutting interest rates.

The leading cryptocurrency by market value slipped back into a triangular consolidation pattern identified by trendlines connecting March 15 and March 27 highs and March 20 and April 3 lows. The symmetrical triangle consolidation had ended with a bullish breakout early this week, opening doors for a rally to $80,000.

Failed breakouts often result in short-term traders closing or reversing bullish bets in anticipation of a steeper price decline. Still, Markus Thielen, founder of 10x Research, cautions investors against reading too much into Bitcoin’s bull failure.

“Bitcoin’s failed breakout likely represents nervousness ahead of the U.S. CPI release. I would not write it off yet,” Thielen told CoinDesk in a Telegram chat.

Thielen added that Wall Street’s tech-heavy index, Nasdaq, rose Tuesday, offering positive cues to bitcoin and other risk assets. In other words, bitcoin’s dip could be short-lived. The cryptocurrency closely follows trends in the Nasdaq and the Nasdaq-to-S&P 500 ratio.

The Bureau of Labor Statistics is set to release March 2024 CPI data on Wednesday at 08:30 ET (12:30 UTC).

The consensus is that the consumer price index, a measure of cost of living, has increased by 3.5% since March 2023, accelerating from February’s 3.2% annual inflation rate, according to economists polled by the Wall Street Journal. The monthly pace is forecast to have eased to 0.3% from February’s 0.4% rate.

Similarly, the monthly pace in core inflation, which strips out the volatile food and energy component, is forecast to have slowed to 0.3% in March, following February’s 0.4% gain, equating to a 12-month decline to 3.7% from 3.8%.

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Crypto Prices Today April 10: Bitcoin Dips To $69K, ETH At $3500, SOL, XRP, ADA Crash.

The top crypto prices registered a bearish turn as the Bitcoin (BTC) price plunged to the $69,000 level. In addition, the Ethereum price inched closer to dip below the $3,5000 mark. Meanwhile, other top altcoins, such as XRP and Cardano (ADA), Solana (SOL) witnessed a significant plunge.

Major Crypto Prices Today
The Bitcoin price was down by 2.57% reaching $69,161.00 at the time of writing on Wednesday, April 10. On the other hand, it’s trading volume dropped 5.37% to $36.64 billion in the last 24 hours. Whilst, the crypto held a market capitalization of $1.36 trillion.

Turning to altcoins, the Ethereum price plummeted 4.86% to $3,519.60 at press time with a market valuation of $422.55 billion. Whilst, ETH saw its trading volume slump by 10.93%, reaching $17.92 billion. Meanwhile, the Binance Coin (BNB) price dropped 0.27%, reaching $578.85. In addition, its 24-hour trade gained 0.01% to $1.93 billion.

The Solana price approached a decline below the $170 mark amid the bearish sentiment today. The Solana price was down by 3.72%, settling at $171.36. In contrast, SOL witnessed a 4.86%% surge in trade volume to $2.82 billion in the last 24 hours. Whilst, the XRP price failed to sustain beyond the $0.61 level. The XRP price recorded a drop of 1.18%, reaching $0.6083. On the other hand, XRP’s trading volume surged 24.09% to $2.54 billion.

Meanwhile, the Cardano price plunged 4.19% to $0.5855 today. Whilst, ADA recorded a 21.03% hike in its 24-hour trading volume, settling at $548.48 million. As the top crypto prices declined, the popular meme coins followed. The Dogecoin price was down by 4.79% to $0.1897 while its rival, Shiba Inu price decline by 4.96% and traded at $0.00002743.

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Ethereum zkSync Welcomes Circle’s USD Coin for Layer-2 Stability.

Circle, a leading stablecoin issuer, has officially expanded support for its USD Coin (USDC) to include Ethereum’s zkSync, a zero-knowledge layer-2 solution. This move, announced on April 9, 2024, marks a significant enhancement for the ecosystem, enabling developers to utilize USDC on a scalable and efficient platform. The integration is expected to benefit a wide range of applications and DeFi protocols by facilitating payments, trading, and other financial services on a stable foundation.

With this expansion, USDC is now available on 16 blockchains, encompassing Ethereum, Solana, Base, Arbitrum, and others. Circle aims to provide developers and businesses with a robust tool for building and expanding their applications. This initiative underscores Circle’s commitment to broadening the accessibility and utility of USDC across various blockchain networks.

USDC on zkSync Offers One-for-One Dollar Redemption

zkSync’s technology, leveraging zero-knowledge proofs and rollups, is designed to enhance transaction speed and reduce costs by processing transactions off the Ethereum main layer. This integration with USDC promises to deliver significant efficiencies for users. As of the announcement, the zkSync ecosystem boasted over 180 decentralized applications and 5.7 million unique active wallet addresses in the preceding 30 days, indicating a strong and growing platform for developers and users alike.

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Bitcoin spot volumes confirm crypto markets’ ‘euphoric’ phase — Glassnode.

As market participants await the Bitcoin halving event, which is expected to send BTC’s price higher, investors’ speculative interest in the crypto market has risen to levels seen in the 2021 bull run, according to a Glassnode report. This increases the chances of a substantial directional price move.

The market is in a state of euphoria

Bitcoin’s BTC tickers down $69,094 price continues its impressive performance in 2024, with the flagship cryptocurrency hitting new all-time highs in March. BTC spot trading volume has soared since the spot Bitcoin ETFs began trading in the U.S. on Jan. 11, with daily volumes peaking in March. Glassnode noted that the market has “transitioned into a euphoric phase,” with profit-taking climbing considerably.

Data suggests Bitcoin’s bullish momentum has been building up since October 2023 as the market was pushed into a high liquidity and volatility regime.

The crypto analytics firm reported that BTC’s year-to-date performance is supported by “strong demand” in spot markets, mirroring a similar structure seen during the 2021 bull run.

Bitcoin’s flow in and out of exchanges has also increased significantly since July 2023. Glassnode data shows that the monthly average of total inflows and outflows from exchanges is currently at $8.19 billion per day, substantially higher than the 2021 bull market peak

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New users flock to Ethereum while long-term holders are less active than ever.

Long-term holders of ether, the currency of the Ethereum blockchain, appear to be holding on tighter than ever before.

According to data from The Block, the active supply of ether, or the supply that has been moved from one wallet to another within certain time periods, is currently at a historical low point for periods of one year or longer. The active supply over 30- and 90-days is also near all-time lows, having fallen over half from their peaks.

While the supply of ether active within one year has declined over the past twelve months by about 9%, the supply of active bitcoin, after also hitting a record low, staged a recovery to end the period with a gain of around 1% in one-year active supply. Bitcoin's recovery greatly reduced the large gap that once existed in active supply between the two top cryptocurrencies by market cap.

While long term Ethereum users appear to be showing low activity, with enthusiasm around Base reaching record levels, new users appear to be flooding into the Ethereum ecosystem. Last month, Ethereum added 3.66 million new addresses, the highest level since November 2021, the month of FTX's collapse.

Ethereum also underwent the Dencun upgrade last month, introducing "blobs" in order to lower Layer 2 network transaction costs.

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Top Three Meme Coins With Low Risk for Newbies: Dogecoin (DOGE), Shiba Inu (SHIB), Hump (HUMP).

Memes have grown in importance in the constantly changing cryptocurrency market. Because of their distinctiveness and widespread appeal among social media users, these coins frequently pique the interest of new investors. For novices, it’s crucial to select low-risk meme coins, though. We’ll talk about the top three beginner-friendly meme coins in this article: Dogecoin (DOGE), Shiba Inu (SHIB), and Hump (HUMP).

1. Dogecoin (DOGE )
One of the most well-known meme coins available on the cryptocurrency market is Dogecoin. Originally intended to be a joke, Dogecoin garnered enormous popularity on social media and in the cryptocurrency community very rapidly. Dogecoin began as a joke, but it has since developed into a well-known resource with a vibrant community. Beginners find Dogecoin appealing because of its inexpensive price, which enables them to invest in big quantities of the coin at a reasonable cost. To further enhance its usefulness, Dogecoin is now accepted as payment at a number of online stores.

2. Shiba Inu (SHIB)
Another meme coin that has drawn interest from a large number of new investors is Shiba Inu. Shiba Inu is inspired by a particular dog breed, just as Dogecoin. Shiba Inu was introduced in 2020 and rapidly became well-known because of its affordable costs and significant profit margin. The idea of “decentralized meme tokens,” in which a vibrant community contributes to the creation and expansion of this project, is one of the intriguing aspects of Shiba Inu. Token holders develop a strong sense of ownership as a result, which may boost community involvement.

3. Hump (HUMP)
The newest meme coin that has drawn interest from a large number of new investors is called Hump. Hump is a very young project, but it has some respectability because it is featured on CoinGecko and CoinMarketCap (CMC).

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