How Will Crypto Fare in August? (TWIC August 2nd) https://x. | SantimentFeed på Binance Square

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How Will Crypto Fare in August? (TWIC August 2nd) https://x.com/i/broadcasts/1rmxPoWYdLEJN

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. Se användarvillkor.

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📈 Ethereum has just hit a 4-month high in network growth, on a day (Sunday) that is traditionally the least active of the week. 126,210 new wallets created is indicative of rising network utility and anticipated price bounces from the $2,200-$2,300 level.

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🔗📊 LINK's discussion dominance across social media is officially at its highest level of 2024. Combined with declining total holders, this is generally a bullish signal if markets stabilize this upcoming week. The asset sits at $10.22, a -18% drop since its Aug 18 local top.

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📊 As traders await a potential Bitcoin/crypto rebound, Cardano, Quant, and Holo are three notable assets seeing a sudden surge in address activity. When coins that are declining in value suddenly see rises like these, it historically raises the likelihood of a bounce. 📈

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⚡️ Litecoin is seeing a consistently higher level of whale activity than usual since late August. On top of this, the level of discussions toward the 19th ranked market cap OG asset has erupted in a big way. Whether or not you are a fan of LTC, this is worth keeping an eye on.

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🧑‍💻 Here are crypto's top NFT projects by development. Directional indicators represent each project's ranking rise or fall since last month: ➡️ 1) @decentraland $MANA 🥇 ➡️ 2) @flow_blockchain $FLOW 🥈 ➡️ 3) @metaplex $MPLX 🥉 📈 4) @enjin $ENJ 📉 5) @axieinfinity $AXS ➡️ 6) @aavegotchi $GHST ➡️ 7) @thesandbox $SAND 📈 8) #monavale $MONA 📈 9) @yieldprotocol $DYP 📈 10) @phantasmachain $SOUL Read about @santimentfeed's methodology for covering development activity for over 3,000 projects:

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