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The broader cryptocurrency market has shown a solid recovery this week, reflected by a 4% increase in capitalization.
This rebound has led crypto whales to accumulate various altcoins, signaling their intent to capitalize on potential gains as market conditions improve.
Polygon (MATIC)
MATIC has captured significant whale attention this week as token holders gear up for the upcoming...
The third week of August 2024 has surprised the crypto market, with some of the biggest altcoin gainers being tokens that previously suffered significant losses.
Notably, many altcoins within the top 100 by market capitalization are closing the week in the green. Here’s a look at the top three outperformers, what drove their gains, and what might come next.
Polygon (MATIC)
Last Friday,...
The largest Dogwifhat (WIF) whale remains bullish on the Solana meme coin. Despite holding up to $68 million in unrealized profits, they continue growing their holdings and taking long positions.
This optimism persists even as Tron meme coins gain momentum, potentially overshadowing Solana-based counterparts.
Dogwifhat Whale Secures $68 Million Profit
On-chain sleuth Lookonchain reported...
Ethereum (ETH) price attempted to surpass $2,700 this week but fell short of the target. Despite the pullback, the cryptocurrency notes a 3.50% increase in the last seven days.
But as the price wobbles around the same region, long- and short-term holders appear to have different views on ETH.
Ethereum Faces Mixed Outlook
One way to gauge investor sentiment regarding a cryptocurrency is...
The crypto market has had a bullish week on average. Like many altcoins, Artificial Intelligence (AI) coins were not left out of the rally.
While many AI-themed cryptos jumped, Numeraire (NMR), Marlin (POND), and Bittensor (TAO) recorded the highest gains. Here’s how it happened.
Numeraire (NMR)
Numeraire (NMR) is an ERC-20 token built on the Ethereum blockchain and developed by Numerai...
Despite observing minimal growth, Bitcoin’s (BTC) price is back above the key support of $60,000. The minutes from the Federal Open Market Committee’s (FOMC) July meeting highlighted that a rate cut is likely in September.
This development slightly improved the crypto market and investors’ sentiment. BeInCrypto has analyzed the big three assets and how they reacted to the change.
Bitcoin...
Orbiter Finance secured over $50 million in annual revenue, driven by growing Layer-2 (L2) adoption. This milestone positions it among the most profitable decentralized cross-chain L2 protocols.
L2 solutions enhance blockchain scalability by offloading transaction processing from the main chain. This reduces congestion, lowers fees, and boosts transaction throughput, driving demand for such...
On August 7, Ripple’s (XRP) price climbed to $0.63, prompting speculation that the cryptocurrency could be on the brink of a notable breakout. However, that did not happen, as the price had fallen to $0.59 at press time.
The previous price jump led traders to increase their bets on contracts tied to the token, aiming to profit from the movement. However, that momentum has shifted as of this...