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Cardano broke out of a falling wedge; the results have been…?

Cardano broke out of a falling wedge, but the results have been disappointingDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A large portion of the circulating Cardano supply is held by whales, and there was some evidence from an NVT spike that suggested that the token could be undervalued. ADA’s trading volume has also been […]

OpenSea: From volumes to gas, a look at how the biggest NFT marketplace is doing

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIIf you want a quick and dirty way to gauge the state of the NFT market, it’s worth a shot to take a look at the stats for OpenSea, arguably the best known NFT marketplace in the crypto industry at present. The end of 2021 and early 2022 saw the marketplace breaking record after record […]

Analyzing Axie Infinity’s [AXS] case for the bulls and what to prepare for

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIAXS registered an explosive run in 2021, and managed to secure a spot among the best-performing cryptocurrencies in 2021. However, it has seen a significant sell-off from its September peak and some of its metrics suggest that it might be ready for a bullish breakout. Evaluating AXS’s historic performance will help reveal why bulls might […]

Bitcoin Cash rallies over 11% rally in a day, but here’s why bulls should be wary

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIThese days, we don’t hear much about Bitcoin’s red-headed [or rather, green-headed] stepchild Bitcoin Cash [BCH]. However, things changed when the 25th biggest crypto by market cap saw a single-day rally of 11.46%, as well as a weekly rise of 2.55%, bringing its price to $342.94. Many eyes turned to Bitcoin Cash as traders wondered whether […]

Can Avalanche outperform Ethereum? Messari report reveals…

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIAva Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a new round of funding, according to people familiar with the discussions. This news comes after Avalanche’s strong start to 2022 with promising data reported in the Q1. Let’s talk numbers! Messari formulated a report titled “State of Avalanche […]

‘Demystifying Crypto’- What this new study reveals about crypto trends

Category Template PlatoBlockchain Data Intelligence | Vertical Search AICryptocurrency adoption across the globe has been growing rapidly. Looking at the impressive market of digital tokens, several countries have been working on the regulations front- China being an exception. The opinion of lawmakers in this regard is of prime importance. Even so, the perception of a country’s citizens matters too. Well, on that note, […]
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Bitcoin’s whales are buying the dip and this is what it means

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIBitcoin’s price looks like it is in a rut after the recent crash that began on 5 April. This downswing confirms an ongoing consolidation that, fortunately, forecasts that a short-term uptrend is likely for BTC. BTC remains bullish but faces an uphill battle Bitcoin’s price has crashed by roughly 18% since 28 March from $48,238 […]

Monero [XMR] defies market-wide bleeding thanks to its…

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIThe top 50 cryptocurrencies by market cap looked like a blood bath at the time of this press as bears continue their assault. Other than stablecoins, Monero (XMR) is the only cryptocurrency that seems to be holding on to some previous gains. A look at XMR’s latest price action reveals that it has been on […]

Can Irish regulator’s new ad conduct code bring down cases of crypto rug-pulls

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIA review of its advertising guidelines is being proposed by the Irish Advertising agency, The Advertising Standards Authority of Ireland (ASAI) following the receipt of several complaints about the promotion and advertisements of “meme coin” Floki Inu. The rise of the underdog? Last year, the meme coin, which was inspired by billionaire Elon Musk’s Shiba […]

Terra: Despite UST’s $2B reserves, why is LUNA having a bad day

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIFor investors looking for a refuge as their portfolios started to bleed, Terra [LUNA] looked like a safe bet. However, at press time, LUNA too seemed to be celebrating a Game of Thrones-style red wedding as it recorded both significant daily and weekly losses in price. As LUNA and the other top nine cryptos struggle […]

Ethereum needs to do this to avoid an extended decline

Category Template PlatoBlockchain Data Intelligence | Vertical Search AIOver the last five days, Ethereum (ETH) fell toward its long-term Point of Control (POC) and found support near its 200 EMA in the $3,100 zone. Now, the king alt could face a slight setback before continuing its gradual rally. Any fall below the POC would be detrimental for the bulls while the sellers will […]

THORChain: Bearish charts yet positive metrics, here’s what to do with RUNE

Category Template PlatoBlockchain Data Intelligence | Vertical Search AITHORChain has seen better days, definitely. Back towards the end of October, it had rallied nearly 120% and recently over 200% due to the low base effect. But looking at the larger picture shows a slightly concerning situation for the coin. It attempts to solve a major issue in the cryptocurrency – primarily acting as […]
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