Coin overview
ATH
Ended--
Last price (USDT)
301.74K
24h total (USDT)
1.14M
Total vol (USDT)
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
Trading time (UTC+0)
2024-06-13 04:00:00
Delivery time (UTC+0)
Total supply42.00B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
2024 Airdrop Big Revealing: Exploring Wealth-Building Opportunities and Avoiding Risk Traps
Original Author: 0x Lao Dong 2024 Airdrop Rankings • Day 1 Fully Diluted Valuation (FDV) Top: StarkNet, $19.2 billion. • Highest Airdrop Value: Hyperliquid, $2.613 billion, averaging 28,000 U per address. • Largest Airdrop in USD: Movement, $734.8 million airdrop. • Most Airdrop Addresses: HMSTR, 1.29 billion TG accounts, averaging 3U. • Top Gainer: UXLINK, 15x ATH compared to closing price on listing day. • Top Loser: HLG, 90.66% price drop in 30 days. Key Insights · Emerging Narrative Tracks Rise, Traditional Hot Tracks Cool Down The 30-day average price change of traditional hot tracks (Infrastructure, Layer2, GameFi) is -1.34%, while emerging narrative tracks like DEPIN, RWA, AI have an average increase of 41.98% over 30 days, suggesting investors should focus on emerging tracks. · High Valuations in 2024 Projects, Market Expectations Bullish On listing day, the FDV/raise ratio of 79 projects averages 103.9x, indicating that the overall 2024 project valuations are high, with a relatively bullish market expectation, but a potential bubble may exist. · Frequent Early Speculative Trading, Significant Price Volatility 40% of projects hit their all-time high on the first day, while 1% hit their all-time low. This indicates that most projects face significant sell pressure early on, with many investors tending to engage in speculative trading in the initial listing period, causing potential rapid price retracements after reaching highs. · Most Projects Show Noticeable Short-term Price Declines 62% of projects exhibit a downtrend within the first 7 days, and 65% within 30 days, with most projects showing a price decline trend shortly after Token Generation Event (TGE), and over time, both the proportion and magnitude of declines increase. · Projects with a Larger Distribution Ratio and Fewer Lock-up Mechanisms Perform Better Projects with a larger distribution ratio tend to be more stable and perform well, with a 30-day average increase of 16.66%. Tokens with lock-up mechanisms perform poorly, with a 30-day average decline of -43.73%. · More Platforms Bring More Recognition With the increasing number of exchange listings, the average project funding amount and FDV have significantly increased, indicating that market recognition and liquidity have increased, and risk tolerance has also improved Foreword 2024 is a year of bull-bear alternation and unusually volatile in the cryptocurrency market. BTC broke through its all-time high from the year's low of $38,500, soaring to over $100,000. Meanwhile, as the market heats up, project activities have gradually become more frequent. Compared to the 270 TGE projects in 2023, this number surged to 731 in 2024, a growth rate of 170%. Among these numerous projects, only a few are "large-cap" and "mid-cap," while the majority are still "small-cap" and "micro-cap." How have these projects performed after launch? To answer this question, Lao Dong selected 100 relatively hot and representative projects in 2024, conducted a systematic analysis combining key data such as funding scale, price performance, distribution rules, etc., to reveal the trends and patterns of current airdrop projects. This article will speak through data to help readers understand the airdrop project situation in 2024. Data Table Click to view detailed data This article does not provide any investment advice but only objective data statistics and analysis Data Analysis I. 2024 TGE Track Analysis The chart shows the distribution of project types in 2024. It can be seen that 2024's VC coin TGEs are mainly concentrated in traditional popular tracks such as infrastructure, GameFi, Layer2. Projects in these tracks usually require a longer development cycle, with many projects actually being developed in the past few years and only going live in 2024. · Infrastructure projects: 19, with a 30-day average increase of 12.18% · Layer2 Projects: 12, Average 30-Day Price Change -0.2% · Gamefi Projects: 12, Average 30-Day Price Change 2.3% This year, the primary emerging narrative revolves around topics such as DEPIN, RWA, AI, etc. While the overall number of TGE (Token Generation Event) projects is not high, the performance of these types of projects is quite remarkable. There may continue to be a breakout in the future. · AI Projects: 3, Average 30-Day Price Change 24.56% · DEPIN Projects: 3, Average 30-Day Price Change 53.56% · RWA Projects: 3, Average 30-Day Price Change 42.17% Traditional popular tracks are gradually cooling down, while new emerging narratives are rapidly rising. Focusing on new narrative tracks may be a more promising investment direction. II. Funding Situation and FDV Analysis · Out of 100 projects, 79 have disclosed their funding, with an average funding amount of $38.91 million. There are 8 projects with funding exceeding $100 million. · The largest proportion of projects, 44 in total, fall within the $10 million to $100 million range. · There are 26 projects in the $2 million to $10 million range. VC (Venture Capital) firms usually conduct rigorous due diligence on projects, reflecting the market's level of acceptance of the projects. Generally, a larger funding amount indicates a stronger confidence from investors in its future development. Through funding frequency, one can also gauge changes in track popularity and the direction of capital attention. However, funding amount alone cannot fully determine the quality of a project; a multidimensional analysis is required. FDV (Fully Diluted Valuation) is an indicator used to assess a project's potential future value. FDV is influenced by various factors before a project goes live, including funding amount, initial circulating supply, market sentiment, narrative direction, track popularity, liquidity, and trading depth, among others. To more objectively evaluate the relationship between a project's initial valuation and actual funding, we use the FDV/Funding ratio based on the closing price of the day to divide into ranges and analyze the market performance of projects in different ranges: · FDV/Funding Range 0-20: Reasonable or Conservative In this range, there are a total of 21 projects with an average funding amount of $48.83 million. The data shows that 57% of the projects did not exceed the closing price on the day within 7 and 30 days. Compared to other ranges, these projects have a more stable market expectation, relatively reasonable valuation, and lower investment risk. · FDV/Funding 20-100 Range: High Expectation There are 33 projects in this range with an average funding amount of $51.64 million. Statistics show that 63.6% of the projects experienced price weakness within 7 days, and this percentage increased to 75.8% after 30 days. This indicates that investors had higher initial expectations for these projects, but prices experienced significant corrections in the short term, presenting a certain level of volatility risk. · FDV/Funding 100 and above Range: High-Risk Speculation This range contains 24 projects with an average funding amount of $12.72 million. These projects are mostly small-scale projects with no projects funded over a billion. The data shows that 70.8% of the projects experienced price weakness after 7 days, and this percentage decreased to 54.2% after 30 days. These projects are mostly concentrated in hot sectors such as infrastructure, GameFi, and LSD. Among the 79 projects analyzed, the average FDV/Funding ratio was 103.9x, indicating that the overall valuation of 2024 projects is relatively high, and market expectations are optimistic. III. ATH vs ATL Analysis Analyzing ATH (All-Time High) and ATL (All-Time Low) can help us fully understand the overall performance of a project in the market and the level of investor recognition. Analyzing ATH/Today's Price and Today's Price/ATL can evaluate a project's profit potential and selling pressure risk, providing data support for assessing the project's stability in the early stages, reasonable valuation, and investment timing. Price trends of 100 projects were analyzed, and as of today, 40% of the projects reached their ATH on the first day, while 1% of the projects hit ATL on the same day. · Price Trend Analysis of 100 Projects: 40% of the projects reached their ATH on the first day. 1% of the projects hit ATL on the first day. · ATH vs. Same-Day Price averages 245.22%, indicating that the same-day price has a 2.45x potential increase from the all-time high (ATH). The top-performing projects include UXLINK, WEN, DRIFT · Same-Day Price vs. ATL averages 633.52%, meaning that the price would need to increase by 6.34x from the all-time low (ATL) to reach the same-day closing price. The worst-performing projects are SLN, FRIEND, DEFI The market shows a strong speculative sentiment, with 40% of projects reaching their ATH on the first day. This indicates that many investors tend to engage in speculative trading early in the project's listing, which may subsequently lead to a rapid price decline. The 245.22% ATH increase compared to the 633.52% ATL decrease highlights that the market's selling pressure risk is much higher than the project's profit potential. This data reflects that during the initial listing phase, investors are more likely to see rapid price increases driven by high market sentiment. However, this may be followed by a quick price drop due to selling pressure or factors such as token unlocks. IV. Short-Term Project Performance Comparison The main purpose is to analyze the short-term performance of projects. By comparing the closing price on the listing day with prices after 7 days and 30 days, we can gain a clearer understanding of the project's short-term performance and trends. From the chart, it can be observed: · Day 7: 62% of projects have a price lower than the closing price on the listing day, with an average decrease of 27.03%. 38% of projects have a price higher than the closing price on the listing day, with an average increase of 60.34%. · Day 30: 65% of projects have a price lower than the closing price on the listing day, with an average decrease of 37.42%. 35% of projects have a price higher than the closing price on the listing day, with an average increase of 74.26%. Most projects face a downward price trend shortly after their TGE, with the magnitude of the decline increasing over time. While the majority of projects experience price drops, there are still a few projects that perform exceptionally well after their TGE, with significant price increases. Some high-quality projects can gain higher market recognition in the short term and achieve notable price growth. Among them, ISLAND GRASS RUNESTONE performed well, while F AARK HLG performed the worst. Possible reasons for short-term price increases: 1. Strong Fundamentals: Projects with strong technical support, clear use cases, or innovative business models can attract long-term investor attention, thereby driving price increases. 2. Narrative-Driven: Projects that capitalize on current market trends (such as GameFi, meme, DEPIN, RWA, etc.) are easily able to attract market inflows, leading to price increases. 3. Strong Community Consensus: Community consensus can increase a project's visibility and demand in the market, driving price increases. Furthermore, ongoing community support can alleviate selling pressure, enhancing the project's long-term stability. 4. Good Liquidity: Adequate liquidity helps stabilize project prices and boost investor confidence. Possible reasons for short-term price decreases: 1. Cooling Market Sentiment: The price on the TGE day is often driven by FOMO (Fear of Missing Out) sentiment, which may be higher than the reasonable price. As the hype subsides, the price will revert to rational levels. 2. Increased Selling Pressure: After TGE, investors, especially airdrop participants or short-term investors, may choose to cash out profits, leading to increased selling pressure and price declines. 3. Token Unlocking Mechanism: Many VC coins adopt a long-term release mechanism. As tokens unlock, early investors (such as private sale participants and the team) may choose to realize profits, adding to the market's selling pressure. 4. Inadequate Liquidity: Some projects post-TGE may suffer from insufficient liquidity and limited trading depth. Once a large sell order occurs, the price can quickly drop, intensifying volatility. 5. Distribution Ratio's Impact on Price · Projects with a **distribution ratio greater than 15%**: 15 projects, with an average 7-day price change of 11.87% and an average 30-day price change of 16.66%. · Projects with a **distribution ratio less than 15%**: 76 projects, with an average 7-day price change of 8.31% and an average 30-day price change of 3.36%. · Projects with a lock-up mechanism: 10 projects, with an average 7-day price change of -16.68% and an average 30-day price change of -43.73%. The data indicates that projects with a larger distribution ratio tend to have more stable short-term performance, while projects with a strong lock-up mechanism do not perform as expected and experience larger price fluctuations. 6. Exchange Selection and Project Performance Being listed on different exchanges or multiple exchanges can have varying impacts on the market. To better understand the overall performance of projects listed on major exchanges, Lao Dong has compiled data on several key exchanges, including the number of listings, price fluctuations, and the effect on FDV liquidity. This helps in understanding how projects on different exchanges perform and making wiser investment decisions. · Binance: 30 listed projects, with a 7-day price change of -0.02%, 12 projects that have seen an increase (40%), a 30-day price change of -4.57%, and 12 projects that have seen an increase (40%). · OKX: 31 listed projects, with a 7-day price change of -13.06%, 7 projects that have seen an increase (22.58%), a 30-day price change of -18.75%, and 10 projects that have seen an increase (32.26%). · Bybit: 79 listed projects, with a 7-day price change of +2.27%, 29 projects that have seen an increase (36.7%), a 30-day price change of -4.65%, and 28 projects that have seen an increase (35.44%). · Bitget: 74 listed projects, with a 7-day price change of +6.57%, 26 projects that have seen an increase (35.14%), a 30-day price change of +3.3%, and 28 projects that have seen an increase (37.84%). · Coinbase: Listed 16 projects, 7-day price change -3.68%, 3 projects up (18.75%), 30-day price change +26.64%, 6 projects up (37.5%) · Upbit: Listed 17 projects, 7-day price change -5.05%, 3 projects up (17.65%), 30-day price change +2.94%, 9 projects up (52.94%) Based on the Number of Listings Coinbase and Upbit have relatively fewer listings, as they tend to carefully select projects focusing more on long-term stability and compliance to avoid listing projects still in the experimental stage or high-risk. Bybit and Bitget have more listings and are more aggressive, as these exchanges aim to attract users by frequently listing new projects to expand their market share. This strategy helps them rapidly grow in the market, attracting significant trading volume and liquidity. Based on Short-Term Project Performance · Bitget and Bybit have shown relatively good performance in the 7-day and 30-day periods, especially Bitget, with positive price changes in both the 7-day and 30-day periods and a high percentage of projects in the green. · Coinbase has performed well, particularly with a +26.64% price change in the 30-day period and a higher number of projects in the green (37.5%). · OKX and Binance have both experienced some decline in the past 30 days, especially OKX, which has seen a significant decrease of about -18.75%. · Upbit has shown some recovery in the 30-day period with a price increase of +2.94% and 52.94% of projects in the green, indicating a good performance. · Other Exchanges: 7 projects, average funding $6.5 million, average FDV $290 million on the same day · Listed on 1 Exchange: 20 projects, average funding $28.86 million, average FDV on listing day $9.81 billion · Listed on 2 Exchanges: 33 projects, average funding $20.68 million, average FDV on listing day $10.7 billion · Listed on 3 Exchanges: 12 projects, average funding $24.57 million, average FDV on listing day $30.97 billion · Listed on 4 Exchanges: 17 projects, average funding $31.67 million, average FDV on listing day $17.83 billion · Listed on 5 Exchanges: 9 projects, average funding $152.15 million, average FDV on listing day $63.13 billion · Listed on 6 Exchanges: 2 projects, average funding $95.20 million, average FDV on listing day $64.89 billion As the number of exchanges a project is listed on increases, the average funding amount and the FDV on listing day significantly increase. This indicates high market recognition, improved liquidity, increased resilience to risk, and the ability to attract more investors. Original Article Link
AI Coins Sector Dropped by Almost 13%, Following Nvidia’s Decline Post DeepSeek Launch
Key Points Nvidia shares dropped by over 3% today, following the launch of new AI models. A new model from Chinese start-up DeepSeek could necessitate less investment in AI infrastructure. Today, the crypto market recorded a sharp drop while Nasdaq futures slumped as well, especially Nvidia shares. Amidst the significant drop of Nvidia, the AI coins sector also experienced a drop of almost 13% today. AI Coins Sector Dropped Significantly Today, January 27, the AI coins sector dropped by 12.8%, having a market cap of over $36.3 billion, and a 24-hour trading volume of $3.4 billion. Virtuals Protocol (VIRTUAL) dropped by over 20%, Near Protocol (NEAR) dropped by over 10%, and Artificial Superintelligence Alliance (FET) also dropped by over 15% today, according to data from CoinGecko . CoinGecko data The sharp drop in the AI coins sector market cap came amidst a decline in Nvidia share prices. Nvidia, Down by Over 3% Today, Nvidia is down by over 3% and the tech share is trading at $142.62 after reaching an ATH on November 8, 2024, when the share topped $147. Nvidia price in USD today As Investing.com noted, today, tech-heavy Nasdaq futures dropped with Nvidia edging lower in premarket US trading amidst concerns that a new model from Chinese start-up DeepSeek could necessitate less investment in AI infrastructure. Broader Wall Street futures fell sharply as well, after DeepSeek launched a set of new open-source models over the past week, that claim to match offerings from rivals including ChatGPT maker Open AI for only a fraction of the cost. DeepSeek’s Newly Launched AI Models DeepSeek, the AI research lab founded in 2023, focuses on developing AI models that emphasize cost efficiency and accessibility. Its latest AI model DeepSeek-R1 was designed to match or exceed the performance of ChatGPT-4 while operating on a much smaller budget and with fewer hardware requirements. What is DeepSeek-R1? DeepSeek-R1 is the flagship AI model of the company created to compete with the industry leaders, offering the following benefits: High performance in critical tasks including reasoning, code generation, language understanding Lower resources for training and deployment Key Features Key features of DeepSeek-R1 include the following: Reinforcement Learning (RL) Training – The AI model employs RL training to develop reasoning capabilities, allowing it to enhance its understanding and decision-making via iterative learning processes. Cost-Efficiency Design – Achieving comparable performance to already established AI models, while requiring less computing power (training DeepSeek-R1 costs were $5 million, compared to at least $100 million for other AI models). Open-Source Availability – The AI firm open-sourced its main AI model and six smaller models as well, licensed under MIT license, allowing researchers and devs all over the world to modify, fine-tune, and commercialize them. The Importance of Open-Source in AI Open source has various benefits in the AI industry, including the following: Accessibility for researchers and developers to experiment with advanced AI tools High transparency and external verification regarding performance and efficiency Global collaboration, meaning that developers all over the world can build on DeepSeek’s models, leading to the creation of new apps and improvements Challenging industry norms, and disrupting traditional AI development model, a shift that could encourage other firms to adopt similar practices Bernstein analysts noted that DeepSeek’s new AI models are impressive, especially in their ability to compete with similar products. The AI industry reportedly needed such innovations to continue its progress, as it could squeeze more performance out of the existing hardware, according to Investing.com ‘s notes. However, analysts argued that investors should not buy into the “doomsday scenarios” currently playing out on social media. DeepSeek and Nvidia Impact Nvidia has been the backbone of AI development with GPUs that are critical for training large-scale AI models. This high demand drove Nvidia prices higher, but it’s important to highlight its vulnerability to shifts taking place in the AI landscape including the one involving DeepSeek’s products . While these latest innovations are unlikely to undermine Nvidia’s products completely, they highlight a shift in the AI development paradigm regarding diversification, demand, and focus on accessibility.
Crypto Whales’ $500 Million Exodus Puts Pressure on XRP’s Price Stability
XRP is attempting to form a new all-time high (ATH), but its price action remains volatile. The altcoin has repeatedly tested the $2.95 support level, struggling to maintain upward momentum. While whale selling has contributed to the uncertainty, long-term holders (LTHs) are playing a key role in preventing a steep decline. XRP Whales Move To Sell Whale addresses holding between 10 million and 100 million XRP sold approximately 160 million tokens in a single day this week. The total value of these transactions was nearly $500 million, highlighting the growing concern among large holders regarding XRP’s inability to sustain a rally. The lack of upward momentum has led some whales to take profits rather than hold their positions. However, the selling pressure may be short-lived. Some of these whales have begun reacquiring XRP, signaling renewed confidence in the asset’s long-term potential. If this trend continues, it could provide the necessary support for XRP to reclaim key resistance levels and attempt another push toward its ATH. XRP Whale Holding. Source: Santiment XRP’s broader macro momentum remains strong, as indicated by the MVRV Long/Short Difference, which is currently highly positive. This suggests that long-term holders remain in profit, reinforcing their commitment to the asset. Historically, LTHs play a crucial role in maintaining price stability, reducing the likelihood of sharp sell-offs. With these investors refraining from selling, XRP is in a better position to sustain its current levels. The presence of strong hands in the market supports the argument that XRP could continue its upward trend, provided that broader market conditions remain favorable. XRP MVRV Long/Short Difference. Source: Santiment XRP Price Prediction: Aiming For The ATH At the time of writing, XRP is trading at $3.10, holding above the $2.95 support level. This threshold has been tested twice in the past ten days, highlighting its importance in preventing further declines. A successful defense of this level could set the stage for a potential rally. Despite bullish signals, reclaiming the ATH of $3.40 may prove challenging. However, if whales move to repurchase the XRP they previously sold, the asset has a stronger chance of rallying. Such accumulation could push XRP beyond $3.40, marking a new milestone for the altcoin. XRP Price Analysis. Source: TradingView Conversely, if XRP loses the $2.95 support before initiating a rally, investor sentiment could shift bearish. This scenario may trigger increased selling pressure, sending XRP down to $2.73 or lower. Such a move would invalidate the current bullish-neutral outlook and expose XRP to further downside risk.
Whale Makes Strategic $41.2 Million Bitcoin Acquisition as Market Initiates Correction
Whales continue to display confidence in Bitcoin (BTC). On Tuesday, a big crypto holder withdrew significant amounts of Bitcoin from Binance today as the price maintains above $100k. The whale action suggests increasing interest in the largest digital currency. Whale acquires 400 BTC According to data from Lookonchain, a whale withdrew 400 BTC from Binance today. The total value of the transaction was $41.2 million drawing attention from market participants. A newly created wallet withdrew 400 $BTC($41.2M) from #Binance 2 hours ago.https://t.co/mQFCYGFPBu pic.twitter.com/qmkdicsrWX — Lookonchain (@lookonchain) January 28, 2025 Bitcoin witnessed a dramatic week as wild fluctuations took center stage. The token started with negative market sentiment this week, dropping to below $100k, marking a 4.7 % downward correction. However, the whale grabbed the opportunity, accumulating 400 BTC in its holdings today. With an average price of $103,000 per token, the acquisition amounts to $41.2 million. This transfer signals increasing confidence in BTC’s long-term prospects. This accumulation coincides with BTC’s recent less severe consolidation compared to earlier market downsides, suggesting big crypt holders’ influence in mitigating price decreases. The ongoing whale acquisitions could play a critical role in cushioning the token from embracing the bear trend. The strategic purchasing frenzy by whales during market corrections has become a recurrent activity. Their actions have boosted BTC, giving the coin some form of resilience. Bitcoin price updates Today, Bitcoin recovered previous losses amid some bargain buying at the $100,000 level. BTC is currently trading at $102,721, up 3.6% in the last 24 hours. The largest digital asset had dropped to $98,500 on Monday but made a quick recovery. The recent extreme volatility on the token left traders concerned, particularly following its swift decline after climbing to significant heights this past week. After rising over 15% from its low of $91,000 on Jan.13 to a new ATH of $109,300 on Jan.20, Bitcoin has initiated a correction below the $103,000 level. On Jan 27, BTC fell below $98,500, a decline that signaled the market’s cautious stance as traders assess the performance of the new regime led by President Trump and get ready for the Fed’s first meeting of the year. Market optimism now relies on the Fed’s forthcoming discussion slated today and tomorrow, anticipating potential decisions that could impact the broader cryptocurrency market. Currently, BTC price moves suggest embracing a consolidation trend between $97,000 and $103,000, a range where many expect buying activity. If it manages to stay above the $100,000 mark, it could restore traders’ confidence and suggest healthier market trends.
Cardano Price Prediction: Will ADA Price Reach $2?
Cardano (ADA) has recently experienced a notable price increase, trading at $0.944 with over 4% daily gain. Despite market fluctuations, ADA continues to attract attention due to its robust ecosystem, growing adoption, and innovative developments. This article explores the reasons behind the ADA price surge, key updates, its strategic position in the crypto market, and the potential for ADA price to reach $2 . By TradingView - ADAUSD_2025-01-28 (5D) Cardano 2x ETF Inclusion: Exposure Boost for ADA token The Cardano ecosystem has gained momentum with the announcement of a new 2x Exchange-Traded Fund (ETF) . This innovative financial instrument offers amplified exposure to ADA, allowing investors to capitalize on its price movements. ETFs, especially leveraged ones, enhance market accessibility, driving liquidity and institutional interest in ADA. What is a 2x ETF? A 2x Exchange-Traded Fund (ETF) is a type of leveraged ETF designed to provide twice the daily performance of the underlying asset or index it tracks. Here's a breakdown: Leverage: The "2x" indicates that the ETF aims to deliver double the returns (or losses) of the underlying asset for a single day. For example: If the price of the underlying asset rises by 1% in a day, the 2x ETF would aim to rise by 2%. Conversely, if the price of the underlying asset falls by 1%, the 2x ETF would fall by 2%. Underlying Asset: In the context of Cardano (ADA), a 2x ETF would track ADA's price movements and amplify them by a factor of two. Daily Reset: These ETFs are rebalanced daily, meaning the leverage effect applies only to that day's performance. Over longer periods, the returns may deviate significantly from 2x due to compounding effects. Use Case: Traders: They are primarily used by short-term traders aiming to capitalize on price movements. Volatility: Due to their leveraged nature, they are more volatile and risky, making them unsuitable for long-term holding. In Cardano's case, the introduction of a 2x ETF offers increased accessibility and interest from institutional investors and retail traders, potentially driving liquidity and market activity for ADA. The 2x ETF positions Cardano as an attractive investment option, further cementing its standing in the crypto landscape. Why did the ADA Price Surge Today? The increase in the ADA price today aligns with broader market optimism and network-specific achievements, however it underlines 2 major drivers for this surge: By TradingView - ADAUSD_2025-01-28 (1D) 1- Resilience Despite Market Corrections Despite experiencing a 14% price drop recently, Cardano has shown remarkable resilience, maintaining critical support levels. Market experts believe ADA's stability during turbulent times reflects the confidence of its holders and its underlying network strength. This stability reassures investors, reinforcing ADA's position as a reliable asset in the blockchain market. 2- Development Updates and Ecosystem Growth Cardano's price growth can also be attributed to continuous ecosystem advancements. With upgrades enhancing scalability and sustainability, the platform remains competitive. Cardano’s commitment to innovation keeps it in the spotlight, fostering developer interest and user adoption. This sustained growth indicates a bullish outlook for ADA's long-term potential. Will ADA Price Reach $2? Analysts suggest that factors like increasing trading volumes, improved investor sentiment, and the strategic advantages of Cardano’s proof-of-stake consensus contribute to its recent rise. Additionally, the latest market cap of $33.71 billion underscores Cardano's dominance among top cryptocurrencies. With its current price still hovering around $1 today, it is not that far from its ATH of $3.10, as it's only about 70% below that price. But, the latest Cardano price movements, since this ATH achieved about 3 years ago in 2021, have hardly surpassed $1.31, which makes the $2 a hard target to reach in the short-term. However, with the latest developments, and the current pro-crypto administration, it could be reachable within a longer one. For that, investors and traders will have to watch, the $1.1 level first, if ever breached, the second important one would be the $1.3 and the last important would be the $1.5. If those have been reached, we can be looking into a $2 cardano price and even a new ATH could be next. By TradingView - ADAUSD_2025-01-28 (All) Cardano (ADA) continues to solidify its position as a leading blockchain platform. From its inclusion in innovative ETFs to its resilience in volatile markets and constant development, ADA remains a compelling choice for investors and blockchain enthusiasts. While short-term fluctuations are inevitable, the long-term outlook for Cardano is highly optimistic, driven by its robust ecosystem and visionary approach.
Venice Launches VVV Token, Paving the Way for Decentralized AI
Venice, a privacy-first AI platform founded by Erik Voorhees, has officially launched its VVV token on Ethereum’s Layer-2 Base network. Venice Launches VVV Token on Base Network With a total supply of 100 million tokens, Venice has allocated half of these tokens to users, and decentralized AI community projects through an airdrop , marking the first-ever airdrop targeting AI agents. Sponsored The VVV token, with a market cap of $306.25 million, surged to $19.38 during European trading hours on Monday before correcting and is currently fluctuating around the $13.67 mark. Venice VVV token reaches $19.38 ATH on a launch day. Source: CoinMarketCap Venice positions itself as a key player at the intersection of blockchain and AI, offering a decentralized alternative to centralized AI systems. Since its launch in May 2024, Venice has rapidly gained attention, now boasting over 450,000 registered users, with 50,000 active daily users. Designed to offer a private, uncensored, open-source AI experience, Venice enables users to generate text, images, and code without relying on traditional intermediaries or centralized control. Token Distribution and Allocation Venice has distributed 25 million tokens to more than 100,000 early users, with another 25 million allocated to AI protocol accounts on Base. These include AI agents like Luna, aixbt, and VaderAI. The remaining tokens are reserved for the Venice team, treasury, and liquidity pools . Staking Model for Perpetual API Access The launch also introduces a staking model, allowing users to stake their VVV tokens for perpetual API access. As the platform’s demand grows, token holders can increase their share of the API capacity, securing continuous access to Venice’s services. Why This Matters Venice stands out with its privacy-first approach, offering a decentralized alternative to traditional AI platforms. The launch of its token strengthens this model, enabling users to stake tokens for perpetual access to AI services, incentivizing community growth, and ensuring greater control and security for users. Check out trending DailyCoin’s articles: Why Is the Crypto Market Down Today? SEC vs Ripple: Trump Appoints New SEC, CFTC Chairs
Solana (SOL) Price Consolidates as Whale Holdings Stay Near Record Levels
Solana (SOL) price is up less than 1% in the last 24 hours but has gained 21% over the past 30 days, with its market cap reaching $115 billion. With the recent consolidation, SOL’s trend remains undefined, as reflected in its DMI and EMA indicators. Whale activity has also stayed elevated, with addresses holding at least 10,000 SOL near record levels, signaling continued interest from major investors. Key support and resistance levels will determine whether SOL can recover an uptrend or face further declines in the coming days. Solana DMI Suggests the Trend Remains Unclear Solana Directional Movement Index (DMI) shows that its ADX is currently at 19.7, having fluctuated between 20 and 23 over the past three days. The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction. Typically, an ADX value below 20 indicates a weak or indecisive trend, while a value above 25 signals a stronger and more defined trend. SOL DMI. Source: TradingView The +DI, representing bullish pressure, has risen to 19.5 from 13.6 a day ago, indicating increasing buying momentum. Meanwhile, the -DI, reflecting bearish pressure, has dropped significantly to 22.4 from 35.8, suggesting waning selling momentum. With its ADX at 19.7, SOL appears to be recovering from a downtrend, but the trend remains weak and undefined. A more decisive movement in the +DI and -DI, coupled with an ADX above 25, would provide clearer signals for SOL’s next direction. Solana Whale Numbers Drop From ATH The number of SOL whales – addresses holding at least 10,000 SOL – has risen significantly, climbing from 5,054 on January 17 to an all-time high of 5,167 on January 25. Although it has slightly declined to 5,145, it remains near record levels, reflecting sustained interest from large holders. SOL Whale Addresses. Source: Glassnode Tracking whale activity is crucial as these investors often influence price movements. The near-record number of SOL whales suggests strong confidence among major holders, which could provide support for SOL price. While the count has dipped slightly from its peak, the elevated level indicates ongoing accumulation, a potentially bullish signal for the token’s longer-term outlook. SOL Price Prediction: Will Solana Recover Its Uptrend? SOL’s EMA lines indicate that the current trend remains undefined. In the last few days, the Solana price has managed to hold support around the $229 zone. This level has provided a critical foundation for SOL, helping it avoid further declines for now. SOL Price Analysis. Source: TradingView If SOL can regain an uptrend, it may rise to test resistance at $271, and breaking this level could see it climb to $295 or even surpass $300 for the first time. However, if the $229 support is retested and lost, SOL price could drop to $211, and further to $191, marking its first dip below $200 since January 15.
Bitcoin Faces Selling Pressure: Can It Reclaim $105,000 to Spark a Potential Recovery?
Bitcoin faces a crucial moment as it declines to $100,682 amid increased selling pressure from long-term holders, testing key support levels. The surge in Bitcoin’s Liveliness indicates significant sell-off activities, with a notable rise in Coin Days Destroyed, suggesting a shift in market dynamics. “Reclaiming the $105,000 threshold could reinstate bullish momentum toward $109,699,” noted a market analyst from COINOTAG, emphasizing the stakes involved. Bitcoin is testing critical support at $100,000 as long-term holders sell, with potential recovery depending on reclaiming $105,000. Bitcoin’s Current Struggles and Future Prospects With Bitcoin (BTC) failing to secure above $105,000, the leading cryptocurrency is experiencing turbulent times. The recent downturn can be primarily attributed to the activities of long-term holders (LTHs), who have begun liquidating their assets, thus exerting additional downward pressure on the price. Liveliness metrics have surged, indicating that a significant number of previously dormant coins are being sold. This phenomenon relates closely to the notion that LTHs play a vital role in sustaining market stability. When they start selling, it often signals a potential shift towards bearish market sentiment, leading to further price declines. Moreover, the Network Value to Transaction (NVT) Signal presents a compelling case for Bitcoin’s potential undervaluation. Currently at a low, this metric indicates that Bitcoin’s price does not align with its transaction activity, suggesting that an uptrend could be in the making should broader market sentiments shift positively. Investors remain cautiously optimistic. The lack of substantial negative sentiment indicates that if conditions improve—like increasing buy-side pressure or favorable macroeconomic factors—there could be a resurgence in demand for BTC. BTC Price Outlook and Support Levels Bitcoin’s recent drop of 3.88% brings its value down to $100,682, influenced largely by LTH liquidations. Crucially, the currency’s failure to maintain above $105,000 has augmented bearish sentiments in the short term. The immediate support awaiting BTC is at the $100,000 mark, a vital level both psychologically and technically. It is anticipated that BTC may bounce from here, yet a breach of this level could spell further decline towards $95,668, intensifying existing bearish pressures. If market conditions shift positively, reclaiming the $105,000 resistance could pave the way back to its all-time high (ATH) of $109,699, restoring investor confidence and possibly leading to a new bullish rally. Conclusion In summary, Bitcoin is currently navigating a rocky path as it tests significant support levels amidst increased selling pressure from long-term holders. The upcoming days are critical; should it reclaim $105,000, the chance for a bullish rebound remains optimistic. Alternatively, losing the $100,000 support could escalate bearish trends further. Investors are advised to watch these levels keenly to inform their trading strategies in an ever-fluctuating market. In Case You Missed It: Nasdaq Proposes In-Kind Redemption Model for BlackRock's iShares Bitcoin ETF Amid Significant Inflows
Ethereum’s Pectra Upgrade to Go Live in March-ETH Eyes New Record High
Ethereum Pectra upgrade is on track for mainnet launch in mid-March. Experts believe this upgrade will enhance ETH and drive prices up. The Ethereum blockchain is gearing up for the much-anticipated Pectra upgrade, scheduled for mid-March 2025. This upgrade merges two key components: Prague, which enhances transaction processing efficiency, and Electra, which improves the network’s consensus mechanism. Together, they aim to make Ethereum faster, easier to use, and more efficient for staking. Packed with a record number of Ethereum Improvement Proposals (EIPs), Pectra could change the game for blockchain technology. What Makes Pectra Revolutionary? Ethereum’s next upgrade is set to bring big changes, making the network faster, simpler, and more efficient. It is set to bring together multiple Ethereum Improvement Proposals (EIPs), each designed to address critical limitations while introducing innovative features. One major improvement will allow users to combine multiple actions, like approving and swapping transactions, into a single step. This would make transactions quicker and less expensive, adding helpful features like gas sponsorship and asset recovery. Staking will also get a boost, with a higher reward limit from 32 Ethereum (ETH) to 2,048 Ethereum. This upgrade would allow validators to manage more digital assets without extra accounts. Image Source: X The Pectra upgrade will reduce the strain on the network and make it easier for smaller validators to keep earning rewards. To tackle scalability, the network will increase its data capacity, lowering transaction costs and making roll-ups run more smoothly. Validators will gain the ability to process withdrawals directly on the main network. This removes the need for intermediaries and makes staking pools more secure and dependable. The Pectra upgrade will also improve privacy and security, making the network easier to use for developers. These changes will work together to create a stronger, faster, and more user-friendly Ethereum. Pectra is not just an upgrade but a key part of Ethereum’s larger vision. As noted in our earlier post, this upgrade aligns with Ethereum co-founder Vitalik Buterin’s roadmap for 2025. He stated that the ecosystem will continue to focus on building a global, censorship-resistant, permissionless blockchain. Market Implications: A Bullish Wave for ETH The excitement around the Pectra upgrade is building as investors expect it to boost Ethereum’s market performance. As explained in our last analysis, speculation is rising within the crypto community about whether Ethereum could soon hit a new all-time high (ATH). This came after the asset reached a high of $3,707.76 on January 7th. Ethereum is now priced at $3,289, down 3.49% in the past 24 hours, experiencing a bearish sentiment. However, analysts are watching a key resistance level at $4,093, which has not been broken in ten months. If Ethereum breaks above this level, it could challenge its all-time high of $4,868 and climb to $6,000. On the other hand, Ethereum needs to stay above $2,817 to keep its upward momentum. Indicators like the Relative Strength Index (RSI) and Stochastic Oscillator suggest strong bullish trends, fueling optimism about the upgrade. As mentioned in our latest new brief, Justin Sun, Tron Founder even unveiled a strategy to drive Ethereum’s price to $10,000. Despite not being a key decision-maker at the Ethereum Foundation, his projections prove that ETH may skyrocket if the right measures are taken.
TRUMP Token Analysis: Signs of a Comeback to Its ATH
TRUMP token momentum continues as consolidation signals potential for a return to its all-time high (ATH) soon. Analysts highlight low bearish pressure and strong community support, positioning the TRUMP token for significant long-term potential. According to an analysis published on TradingView by crypto analyst Alan Santana, the Official Trump (TRUMP) meme token chart, despite its youth, already indicates promising potential. TRUMP Token Shows Bullish Signs Amid Correction Beginning on January 18, the TRUMP token traded rapidly until the beginning of the following day before showing a blooded correction. Alan Santana pointed out that throughout this upward phase, very significant purchase volume took place. On January 21, the steep fall ceased, and negative volume was rather low, suggesting a lack of action from sellers. Source: Alan Santana on TradingView In his analysis, Santana clarified that the correction had dropped below the 0.617 level of the whole wave and below the 0.786 Fibonacci retracement level of part of the bullish wave. Still, selling pressure was virtually non-existent following the downturn, which is a bullish signal for this token. Though Santana thinks the token price is poised to recover to its all-time high (ATH), the price of this memecoin is currently in a consolidation period with a declining trend. TRUMP’s Endurance Tied to Political Influence Santana also underlined the strong interaction between political dynamics and the possibilities of the meme token. He claims that this token directly results from Donald Trump’s political appeal. Given Trump’s ongoing press coverage and general support among his followers, this token is expected to be long-lasting. Santana noted: “My idea is bullish. This token already went through a 65%+ correction within days. A correction is followed by growth. This is only the start of TRUMP’s bull market; I am sure people will pump this all the way to the moon.” Notably, he observed that the bull market for this cryptocurrency had barely started. He claims that Trump supporters will keep buying and holding this token without giving market dynamics or risk much thought, only to demonstrate their support. Potential Risks and Ownership Concentration A prior CNF report gave more information on the TRUMP token ownership concentration. Data from Chainalysis shows that, of the total token supply, about 40 addresses, each possessing Trump tokens valued at more than US$10 million, control 94% of the total. Furthermore, just 2.1% of addresses have tokens valued between $1 million and $10 million, while 1.7% have between $100,000 and $1 million. The remaining 2.2% of holders possess fewer tokens. This concentration points to some possible danger for the token market. The market becomes susceptible to significant sell-offs that can cause great volatility when a few big holders control most of the supply. Meanwhile, TRUMP is trading at about $30.59 at the time of writing. And over 24 hours, it has increased by 10.89%, and over 30 days, it has increased by 369%. Alan Santana came to the conclusion that the bull market might develop in a few weeks or even days. Additionally, he foresaw the memecoin following a 4-year market cycle, which corresponds with the tenure of the president.
TRUMP Token Faces Uncertainty Amid Declining Interest but May Seek Recovery If $34 Resistance is Surmounted
The TRUMP token is facing significant challenges, experiencing a steep decline after reaching an all-time high (ATH) of $79, now trading at $29 due to dwindling trader interest. Recent reports indicate that the Open Interest (OI) for TRUMP has plunged, highlighting a shift in market sentiment and the necessity for traders to reconsider their stances. As noted in COINOTAG analysis, “The upcoming resistance level at $34 is pivotal for TRUMP; failure to surpass this might hinder any potential recovery.” The TRUMP token is grappling with declining trader interest after peaking at $79, trading at $29, with Open Interest down significantly, casting doubt on future recovery. Market Sentiment Turns Bearish for TRUMP Token The TRUMP token’s recent journey reflects a broader trend in the cryptocurrency market, where post-ATH corrections have become commonplace. Initially cherished for its novelty and association with former President Donald Trump, the token has seen a noticeable lull in enthusiasm, evidenced by its current trading price of just $29. In the last five days alone, TRUMP’s Open Interest (OI) has decreased by a striking $200 million, falling from $1.14 billion to $962 million. Such a drop indicates a substantial retreat from speculative positions, as fewer traders engage in future contracts tied to TRUMP’s fluctuating value. TRUMP Open Interest. Source: Coinglass Despite this bleak outlook, technical indicators like the Moving Average Convergence Divergence (MACD) suggest a potential shift. The recent bullish crossover could indicate a possible turnaround in sentiment if the broader cryptocurrency market also aligns positively. However, this potential bump is clouded by inconsistent trading volumes and the altcoin’s fading appeal. For significant recovery to occur, TRUMP must not only show technical signs of strength but also rely on renewed interest from a once-enthusiastic base of retail and institutional investors. TRUMP MACD. Source: TradingView The Path Ahead: Resistance Levels and Recovery Prospects As it stands, TRUMP is precariously positioned just above support at $26, currently trading around $29. The key challenge ahead lies in overcoming the $34 resistance level, which, if broken, could signal a shift towards recovery. However, achieving the token’s former ATH of $79 would necessitate a remarkable recovery, amounting to a 166% rally—an ambitious target given current market dynamics. Factors contributing to this skepticism include the fading enthusiasm which seems tied more to speculative trading rather than any intrinsic utility of the token itself. TRUMP Price Analysis. Source: TradingView Optimistically speaking, should TRUMP manage to establish a new support level at $34, it could pave the way to target $45. This climb would not only restore trader confidence but also potentially catalyze a broader recovery. However, this scenario remains contingent upon sustained market support and revitalized interest from both retail enthusiasts and larger institutional players. Conclusion In summary, the TRUMP token’s current trajectory presents a complex landscape for traders. While there are some indicators of potential recovery, significant hurdles remain. A breakthrough of the $34 resistance could be a turning point, but without robust market participation, the likelihood of returning to its ATH appears challenging. Traders must proceed with caution, evaluating both market conditions and technical signals before making their next moves. In Case You Missed It: Litecoin ETF Filings Raise Possibilities for Price Recovery Amid Consolidation Challenges
Aethirs ambition: to become the AWS of Web3 in the AI Agent era
Original | Odaily Planet Daily ( @OdailyChina ) Author: Wenser ( @wenser 2010 ) As AI penetration rate gradually increases, the intersection of the crypto industry and AI has also welcomed more and more projects. Previously, AI Agents led the crypto market with a growth rate of 24.31%. The flourishing of various AI projects, AI Agents, and AI Meme coins have also made the demand for GPU computing power and cloud computing resources increasingly scarce. As the industrys leading enterprise-level decentralized cloud computing platform, Aethir took the lead and showed strong development momentum. The $100 million ecological fund also highlights its determination to focus on the AI track and build the AWS (Amazon Cloud) in the Web3 field. Odaily Planet Daily will use 6 questions in this article to take a look at Aethirs AI industry landscape. (Note: The questions were asked by Odaily Planet Daily reporter Wenser, and the answerer was Aethir co-founder Mark) Q1: As an enterprise-level decentralized cloud computing platform, Aethir has previously launched an ecological fund of up to US$100 million. The first batch of funded projects focused on the AI track. How is the current progress of these projects? What are the funding criteria? A: Last October, Aethir officially announced an ecosystem fund of up to $100 million consisting of multiple funding programs. As an enterprise-level decentralized GPU cloud computing infrastructure platform focusing on AI and Gaming, Aethir has been committed to accelerating the widespread application of cloud computing platforms since TGE, empowering startups in the fields of AI and gaming, etc. The core funding program Aethir Catalyst has a scale of up to $20 million and will distribute 336 million ATH tokens in 2025, providing financial and ecological computing support to more than 100 projects in the form of funding or subsidies, and providing them with key computing resources such as GPUs required for project development. In November, within 24 hours of the announcement of AethirCloud’s $100 million ecological fund seeking AI agent projects, more than 300 projects applied . Recently, our Batch 5 (fifth batch of projects) has also come out, and you can also learn about it. Among them, many AI-related applications in the previous batch have also been recognized by the market, and TopHat also launched Binance Alpha on January 7. As for the criteria for screening projects, we also want to do our best to promote the implementation and application of the entire AI-related application in the industry. The other two $10 million ecosystem funding programs are also key components of the Aethir Ecosystem Fund, and will work with XAI and XPLA to promote innovation. At the Bitcoin MENA conference, we also joined hands with ADBC (Abu Dhabi Blockchain Center) to plan to empower more Web3 projects, and the application page is now officially launched; in addition, we participated in sponsoring the Solana AI hackathon AI Agents x MEMEs track. In addition, for companies that need GPU computing resources, Aethir provides a subsidy plan with a discount of up to 35% on off-platform service costs, which makes it convenient for startups or senior developers to access computing resources with the help of the Aethir platform and promote the development of innovative projects. Aethir will act quickly in the future to accelerate the embrace of AI Agent and AI Meme, and help complete the expansion and implementation of AI-related applications. Currently, the funding for a single project ranges from $50 million to $500,000 in ATH tokens ; it is divided into tracks such as games, launch platforms, AI integrated enterprises, and cloud gaming platforms. Qualified companies can receive both funding and subsidies, which is quite friendly to many projects. (Note: Contracts lasting 6 months or more are eligible for subsidies. Shorter contracts may be eligible for grants, but not subsidies, unless approved by the transaction department. The $100 million ecological fund plan will be divided into steps and cooperation sections.) Q2: Compared with traditional cloud service providers, cloud computing platforms, and other similar Web3 projects, what are Aethirs advantages, characteristics, or competitive differences? Is its ecological niche in the upper or middle reaches of the industry or somewhere else? A: Compared with other DePIN projects, the advantages are: From the perspective of project business, compared with other DePIN projects, Aethirs advantage mainly lies in the fact that Aethir had already built and served enterprise-level customers with high demand for computing power before entering Web3, which has generated stable and continuously growing positive income for Aethir. Enterprise-level services need to comply with the SLA agreement (service level agreement) in the physical industry. It is no exaggeration to say that Aethir is currently the only Depin project in Web3 that can provide stable services to enterprise-level customers. At the same time, we are also the only company that can realize cloud games and cloud phones through web3s virtual machine technology. The four business segments are in a state of rapid development. In 2024, our annual recurring revenue has reached US$90.68 million, which is also shown in our GPU Dashboard (including US$7.6 million in revenue in December and over 266 million computing hours). The existing mature large-scale customers and steadily growing market demand are the biggest differences between Aethir and other DePIN projects. On the business level, Aethir is very different from other Depin projects. Io.net mainly aggregates underutilized distributed GPU resources through a high-level coordination layer to solve some simple AI or machine learning tasks. Render provides 3D rendering services for consumer-level computing connections; or Grass uses idle network resources to mine points and earn tokens. For us, we focus on the software layer for enterprise-level service use cases including games and AI, so in the areas we focus on, Aethirs competitive advantage is very obvious. From the perspective of ecological scalability, Aethirs ecological niche has laid a strong foundation for the scalability of its ecology. It has carried out cross-border and cross-field cooperation with many projects, and established deep ecological connections with partners in the fields of Web3, AI, games, DeFi or Web2. At the same time, it has enriched the use of $ATH tokens. Aethirs ecology conforms to the development of the industry. Aethir plays a big role in the supply and demand market, because Aethir can help users use computing power at low cost through an optimized computing power network, while ignoring the physical space and the computing power cost of the actual market. In laymans terms, Aethir can help users obtain high-quality computing power resources at low cost. On the one hand, it can reduce the cost of user development or training; on the other hand, its flexible computing power allocation and market demand can meet the needs of users with various needs. Aethir has been expanding its ecological partners. I think there is a lot to expand on the computing power layer. To make a long story short, the expansion and breakthrough of decentralized AI in the future is unstoppable. As a computing power supplier, the breakthrough of more and more AI applications will be the best proof of our strength. Q3: After Aethir went online, we saw a lot of cooperation with other projects and optimization of the business side. Does it have a certain scale effect? A: There is no doubt that our team has been actively expanding the Aethir ecosystem before and after TGE. I have also mentioned this in some of my previous speeches at events. In the new era, the demand for GPUs has skyrocketed. As the complexity of AI large language models has soared, problems such as insufficient purchasing power, slow product updates, and low efficiency have gradually become prominent. Decentralized, enterprise-level GPU cloud infrastructure that can adapt to the needs of the AI and gaming industries is an effective solution to the problem, and Aethirs products and services are one of the best choices to meet this demand. Taking the gaming direction as an example, Aethirs cloud gaming service can make capacity expansion cheaper, cloud the hardware layer, and allow mass players to play all games on various devices. In addition, the sales volume of the DePIN hardware device Aethir Edge we released at that time had exceeded 25,000. Users can use the device to run the Aethir network to earn tokens, or mine other projects, which has a huge ecological expansion scale effect. Aethirs core competitiveness lies in its decentralized computing infrastructure and edge computing capabilities, and it can use the growth trend of decentralized CDN and GPU to expand its business scope. For example, right now, the price on our platform is about 1/10 of AWSs price. Compared to other low-frequency platforms, our price may be slightly higher because our computing resources are enterprise-grade, and most of our customers are also enterprise customers. But compared to Google Cloud and AWS, their GPU charges are still very expensive. By allowing retailers to participate and letting more computer resources serve us, we can gradually but powerfully cover more and more businesses, not only in the encryption field, but also in the AI field. This is also our expected goal. Our revenue and platform scale will become larger and larger over time. At the same time, the breakthrough effect of AI Agent has been seen by the market. At the same time, Aethir and AI16Z have also reached deep support and ecological expansion based on the ELIZA framework. I believe that the application narrative of AI Agent and the expansion of the entire industry are moving towards AI content. I believe that the industry will revolve around the breakthrough of decentralized CDN and GPU high-growth applications in the future. As the demand for large model training, reasoning, game rendering, etc. supported by GPU reaches its peak in 2024, decentralized CDN will usher in explosive growth in 2025, serving delay-sensitive scenarios such as content streaming, data crawling, and AR/VR experience. Aethir has a complete computing power network. It can provide high-performance, low-cost decentralized computing and edge computing capabilities. It will become the core infrastructure supporter of this market. At the same time, it combines energy optimization and resource integration technologies to solve the current challenges of fragmented supply and inject greater innovation power into high-growth use cases. Q4: Aethir has reached a cooperation with LayerZero to expand the full-chain ecological map. What are the follow-up plans? A: Last November, Aethir announced the cooperation news . Based on the cross-chain versatility demand generated by the expansion of GPU cloud infrastructure, it cooperated with the full-chain solution LayerZero to build a multi-chain AI and gaming ecosystem, and introduce multi-chain functions into the Aethir DePIN stack, which will also help Aethir migrate to the Sophon ZK chain. In the cooperation between the two parties, LayerZeros full-chain technology will ensure that the ATH token rewards of check nodes and Aethir Edge operators will be smoothly transitioned from the Arbitrum L2 network to Sophon, while maintaining network stability and ensuring a frictionless experience for the Aethir community. In the future, we will also use the Stargate full-chain liquidity protocol cross-bridge to facilitate users to seamlessly exchange ATH tokens across chains. LayerZero supports our development towards multi-chain in terms of node migration, token rewards, and liquidity transfer; we provide GPU computing power support for AI and gaming projects on more chains. Therefore, the participation of partners such as LayerZero and Sophon will enable us to build a cross-chain asset ecosystem with Aethir, further raising the ceiling of industry imagination. Subsequently, Aethir is also actively working with other partners to establish in-depth cooperation. For example, we recently cooperated with Eigen Layer, the leader in the ReStaking track, to use the AVS model to help listed or enterprise-level companies with zero Web3 background to buy coins on their balance sheets, stake them, or hold these tokens for a long time. Through our mechanism, we can provide them with a very compliant and secure way to provide computing power on our platform; GAIB is the first GPU tokenization. It transforms enterprise-level GPUs into tradable, yield-generating assets; it cooperates with MetaStreet on the first node liquidity Yield; it cooperates with SuiDePIN, the first DePIN on Sui, and also co-founded the AI computing project Tactical Compute (TACOM) with partners Beam Foundation (through its wholly-owned subsidiary Beam Investments), Sophon Foundation and Permian Labs, intending to raise $40 million. It plans to use decentralized technology to combine traditional computing economics with tokenization and distributed solutions to meet the surging global demand for scalable computing infrastructure. The previous cooperation with ADBC is a preemptive layout in the Middle East. In addition to the collaborations mentioned above, the development of the entire chain ecosystem is also within our plan. Therefore, the previous cooperation with LayerZero is also to ensure that Aethir can undoubtedly expand its full-chain partners. The cooperation with Eigen Layer is to ensure that the platform has high-quality GPU suppliers while also being able to continue to expand the utilization rate of ATH tokens. Q 5: From the perspective of the industry track, what do you think of the DeAI project and AI Agent coin issuance projects? Do you think this is an industry trend? A: There is no doubt that as the industry-leading decentralized computing power network, Aethir has a natural space for cooperation and complementarity with the DeAI project and AI Agent. DeFAI, GamFAI, DeSci, etc. are all the results and directions of the development of AI in various fields. We can provide the latter with more stable and sufficient computing resources to facilitate project operations and long-term development; the latter can provide us with stable revenue while enriching ecological development and improving network utilization efficiency. After a16z, DWF and other capital institutions joined DeAI, AI Agent coin issuance and other projects, the AI track has become a recognized hot sector in the industry. As a representative figure in the Crypto x AI Agent track, ai16z founder Shaw also issued a statement announcing the cooperation with us. He mentioned : The decentralized computing network @AethirCloud is providing free GPU computing power to Eliza agent developers. Developers with relevant needs can apply for it. This shows the technical recognition and support for Aethirs computing power supply. This is also the original intention of our launch of a $100 million ecological fund. This AI wave represented by AI Agent, as the industrys leading decentralized computing network, Aethir must participate in it. Q 6: Currently, AI is expanding its application areas very rapidly, especially in the areas of AI healthcare, AI education, and AI entertainment, where a large number of demands and start-ups have emerged. Does Aethir have any relevant support plans or cooperation intentions in the future? A: As early as August this year, we released a roadmap for the next six months, and we have been steadily advancing these plans. Through these business advancements and business growth, we hope to achieve more efficient business integration and enhanced AI capabilities, and introduce governance mechanisms and ecological funds. In our roadmap, we also provide a detailed introduction to the functions designed for enterprises to enter the Aethir platform, which facilitates the conversion of enterprise revenue into ATH. Subsequent enterprise service expansion, including cloud games, cloud phones, AI training, and edge computing, we also plan to introduce special features to enhance the user experience. In 2025, Aethirs key narrative will revolve around the breakthrough of decentralized CDN and GPU high-growth applications. As the demand for large model training, reasoning, game rendering, etc. supported by GPU reaches its peak in 2024, decentralized CDN will usher in explosive growth in 2025, serving latency-sensitive scenarios such as content streaming, data crawling, and AR/VR experience. Aethir can become the core infrastructure supporter of this market by providing high-performance, low-cost decentralized computing and edge computing capabilities, while combining energy optimization and resource integration technologies to solve the current challenges of fragmented supply and inject greater innovation momentum into high-growth use cases. At the same time, AI Agents with concepts including DeFAI and DeSci have also appeared in the market and are favored by the market, but I think AI Agents are still in a chaotic period. Let us move towards the direction of the emergence of real AI Agents and their wide recognition and use by users. In addition to this, we will also cooperate on some developer-focused projects in the future, especially to support young developers, especially in the field of AI. We want to support these different developers, use the computing power on our platform, and obtain free computing power through our infrastructure. We actually have a lot of Web3 projects that we like, and their development in the first 3 months has been strongly supported by us. Generally speaking, our sponsorship cycle is as long as 3 to 6 months, in order to support their early start-up and help their Agents to really play a role and do valuable things. This is also an important strategic direction for Aethir to achieve market expansion and enhance ecological influence in 2025. References: Aethir Official Documentation XT Aethir AMA
BlockDAG’s X1 App Reaches 500K Users, While Cardano Faces Downturn, & Dogecoin Targets ATH
In a market as volatile as cryptocurrency, where Cardano shows a downturn and Dogecoin nears its all-time high (ATH) target, it’s crucial for investors to stay adaptable. Recent trends indicate a bearish momentum for Cardano, suggesting tougher times ahead, while Dogecoin rides a wave of optimism, buoyed by its vibrant community and celebrity endorsements like those from Elon Musk. These fluctuations highlight the need for agility in investment strategies. In this landscape, BlockDAG (BDAG) X1 app emerges as a beacon, recently surpassing 500,000 users. This milestone not only demonstrates the app’s effectiveness in simplifying mobile crypto mining but also signals robust confidence in its ecosystem. Now is an opportune time to explore and engage with this platform, offering the convenience to buy crypto instantly. Empowering Mobile Mining: BlockDAG’s X1 App Hits Half a Million Users BlockDAG’s X1 mining app has achieved a significant user base milestone, reflecting widespread trust and the successful democratization of crypto mining. This mobile application allows users from various backgrounds to engage in mining with ease, bypassing the need for complex hardware setups typically associated with this activity. The app’s rapid adoption also sheds light on the expanding interest in BlockDAG’s offerings, particularly during its ongoing $185 million presale event. The project’s commitment to enhancing scalability and security has set it apart as a forward-thinking initiative in the crypto space. For those intrigued by innovative crypto solutions, engaging with BlockDAG now could mean participating in its potential upward trajectory. As the crypto community grapples with Cardano’s declining momentum, BlockDAG presents an alluring alternative. Priced at $0.0248 per BDAG during the presale, the token’s value has surged by 2380% from its initial phases, emphasizing the urgency to get involved before the presale wraps up. This robust presale performance is a testament to the market’s belief in BlockDAG’s vision and technological foundation. A Closer Look at Cardano Bearish Momentum Cardano is currently facing a slew of market challenges, underscored by a bearish trend in its trading metrics, including a concerning ‘death cross’ in its moving averages. As ADA struggles to maintain critical support levels, the community and potential investors are watching closely, pondering whether it will manage to reverse these negative trends and stabilize. Despite these hurdles, Cardano’s reputation for rigorous academic foundations and a commitment to sustainable blockchain solutions keeps it in the spotlight. However, the increasing pace of innovation in the blockchain sector means that Cardano needs to adapt swiftly to maintain its competitive edge and satisfy stakeholder expectations. Dogecoin’s Pursuit of New Heights: A Community Fueled Journey The anticipation around Dogecoin reaching its ATH is palpable among its supporters, with the current price action stirring hopes of achieving the $1 mark. This target is seen as achievable thanks to the sustained interest from its community and notable backing from public figures. Nevertheless, reaching this milestone is fraught with challenges, including the broader market’s volatility and the intense competition from other cryptocurrencies. Dogecoin’s distinct identity, characterized by a lighthearted approach and a strong community bond, remains its unique selling point as it navigates these obstacles. Wrapping Up! The ongoing bearish momentum in Cardano and the optimistic targets set by Dogecoin enthusiasts exemplify the crypto market’s unpredictability and the necessity for adaptive investment strategies. Amidst these dynamics, BlockDAG’s X1 app has successfully captured the attention of over half a million users, illustrating strong community engagement and trust. Its user-friendly interface and innovative take on mobile mining make it an accessible option for a wide audience, while the impressive funds raised in its presale highlight its potential for future growth. For those looking to buy crypto instantly and buy in a project with promising prospects, BlockDAG’s offerings provide a compelling opportunity. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu
TRUMP’s Road to New All-Time High: Why a 166% Rally May Be Unlikely
From beincrypto by Aaryamann Shrivastava The TRUMP token, which recently hit an all-time high (ATH) of $79, is now battling a sharp downtrend. Currently trading at $29, the cryptocurrency has struggled to maintain its momentum, with its value eroding in the weeks following its peak. The sustained losses are prompting many early enthusiasts and traders to reconsider their positions, with market sentiment around the altcoin growing increasingly pessimistic. TRUMP Traders Are Uncertain In the last five days, the Open Interest (OI) for TRUMP has dropped significantly, declining by $200 million — from $1.14 billion to $962 million. This sharp contraction in OI indicates that traders are losing confidence in the altcoin. Such a reduction signals waning participation in the futures market, as fewer traders are willing to speculate on TRUMP’s price movements . The altcoin’s diminishing relevance appears tied to its origins and association with Donald Trump. While initially buoyed by the former president’s notoriety, the token’s appeal has since plateaued as broader crypto trends have overshadowed its novelty. TRUMP Open Interest. Source: Coinglass Despite the decline in sentiment, some technical indicators suggest that TRUMP may have room to recover. Notably, the Moving Average Convergence Divergence (MACD) recently displayed a bullish crossover. This development hints at positive momentum in the broader cryptocurrency market, which could provide the tailwinds TRUMP needs to regain footing. However, bullish signals from the MACD alone may not be sufficient. The token’s broader macro momentum remains uncertain, with inconsistent trading volumes and fluctuating market demand. Sustained growth would require strong market cues and renewed trader confidence to counteract its current trajectory. TRUMP MACD. Source: TradingView TRUMP Price Prediction: Finding a Breach At the time of writing, TRUMP is holding just above its $26 support, trading at $29. The immediate challenge lies in flipping the $34 resistance level into support. Successfully breaching this level could provide a foundation for further gains, sparking cautious optimism among traders. However, skepticism persists. For TRUMP to return to its ATH of $79, it would need a staggering 166% rally — an unlikely feat given the diminishing trader optimism and fading interest. The altcoin’s reliance on speculative enthusiasm rather than utility further complicates its recovery prospects. TRUMP Price Analysis. Source: TradingView On a more optimistic note, if TRUMP manages to break through $34 and establish it as a support floor, it could climb to $45. Breaching this critical level may instill renewed bullish sentiment, paving the way for a broader recovery. This scenario, while plausible, would still require consistent market support and renewed interest from both retail and institutional investors.
Bitget Token (BGB) Approaches Key Resistance Level: Are More Gains On Horizon?
Date: Fri, Jan 24, 2025, 03:14 PM GMT The cryptocurrency market has experienced strong bullish momentum in the past 24 hours, with Bitcoin (BTC) surging 2.41%, now trading above $105K. This surge comes on the heels of a groundbreaking development: President Donald Trump signed an executive order to create a national digital asset stockpile. This has also sparked a spike in altcoins , including the centralized exchange (CEX) token Bitget Token (BGB), which is gaining momentum. The current technical setup indicates it could add more gains to its stellar rise, having already surged by over 356% in just the last 60 days. Source: Coinmarketcap Approaches Key Resistance Level On the 4H chart, BGB has shown a recurring pattern: each time it broke out of a descending trendline in conjunction with the 30-day Moving Average (30D MA), the token experienced a significant pump. Currently, BGB is trading at $7.43, holding firmly above the 30D MA, and is now approaching a key resistance level marked by the blue shaded area, with the upper boundary at $7.485. Bitget Token (BGB) 4H Chart/ Coinsprobe (Source: Tradingview) If BGB manages to break out above this resistance zone, it could target its next levels at $7.85 and $8.50. Notably, $8.50 also marks its all-time high (ATH). This would represent a 13% increase from the current resistance zone. Should BGB successfully surpass its current ATH of $8.50, the breakout could ignite a rally toward a new psychological high near $11, signaling an exciting new phase of growth for the token. From a technical perspective, the MACD (Moving Average Convergence Divergence) indicator is beginning to show signs of bullish momentum. The MACD line is crossing above the signal line, with the histogram transitioning into positive territory. This suggests strengthening momentum, supporting the possibility of an impending breakout. Final Thoughts Bitget Token (BGB) is approaching a critical resistance level at $7.485, with its technical indicators aligning for a potential breakout. If successful, the token could retest its ATH at $8.50 and even aim for new highs at $11, offering significant upside potential. Advertisement Your browser does not support the video tag. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Solana stablecoin supply hits $10B ATH, TVL up 800% — Can SOL price reach $1K?
Solana ( SOL ) had a blistering seven days, buoyed by the TRUMP memecoin launch, US President Donald Trump’s inauguration, and ETF hype to reach a new all-time high of around $294, leading to a record stablecoin supply, and surge in total value locked. Solana stablecoin supply hits all-time highs Solana’s stablecoin supply has skyrocketed over the last seven days, surging past $10B for the first time ever, hitting a new all-time high. One major factor is likely Trump family memecoins . The Official Trump ( TRUMP ) and Official Melania Meme (MELANIA) have attracted billions in capital inflows, onboarding hundreds of thousands of new users to the Solana ecosystem in recent days. As a result, the daily number of new Solana addresses reached almost 9 million , the highest ever, in the run-up to President Donald Trump’s inauguration on Jan. 20. Source: Matthew Sigel The chart below shows a 77.5% uptick in Solana’s stablecoin supply over the last week, hitting a new all-time high market cap of $10.83 on Jan. 24. Related: Solana price rallies to $272, but what will it take for SOL to hit new highs? Meanwhile, Circle’s USDC ( USDC ) remains the stablecoin of choice for users within the Solana ecosystem, with a 77.23% market share. Solana stablecoin supply surpasses $10 billion, setting a new all-time high. Source: DefiLlama Stablecoins are integral to Solana’s decentralized finance (DeFi) ecosystem, driving liquidity and increasing $SOL demand. Solana TVL jumps 800% in 12 months The memecoin buzz around the Solana ecosystem has also led to a surge in the total value locked (TVL). Solana's TVL has risen from $1.3 billion on Jan. 24, 2024, to $11.98 billion today, an increase of over 800% year-to-date. It also jumped by 24.7% over the past week alone. Total value locked on Solana. Source: DefiLlama Raydium, the leading decentralized exchange (DEX) on Solana, plays a significant role in this growth, contributing $3.89 billion to the total TVL, which has increased by 24% over the last seven days and 36% in the past month. Total value locked on Solana’s DeFi protocols. Source: DefiLlama Will SOL price go even higher? Historical trends show a correlation between stablecoin supply growth and TVL with SOL price. For example, a 93% surge in stablecoin supply in September 2021 preceded a 45.76% rise in SOL over two months from $177 on Sept. 11, 2021, to an all-time high of $258 on Nov. 6, 2021. If history repeats, SOL price could experience a similar 45% increase, reaching $362 by March 2025. “If $SOL were to replicate this price action following the nuclear growth of its onchain stablecoin supply, a similar 45% price increase could $SOL as high as $362 by the end of March 2025,” said SolanaFloor in response to recent growth in Solana’s ecosystem. Similarly, an over 2,000% increase in TVL between June 25, 2021, and Nov. 8, 2021, accompanied an 800% rally in price over the same period. This implies that if Solana’s TVL trend continues, the price should rise due to increasing demand for SOL tokens. “Solana prepares for a massive move!” popular crypto analyst CryptoElites said in a Jan. 24 post on X. The bullish analyst shared the chart below showing that SOL’s price action since November 2024 pushed the price above the 2021 descending trendline. This technical setup projects Solana’s short-term target at $450. The analysis projects that SOL could eventually be in the $678-$1,099 range. “The technical outlook is fully positive — big moves ahead!” SOL/USD weekly chart. Source: CryptoElites Similar sentiments were shared by CryptoExpert101, who believes that SOL’s price might “hit $1,000” and above in 2025. “Solana is just too easy to use for the average retail investor.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Ethereum Price Eyes $4,000 With Rising Channel Pattern
Crypto analyst BasicTrading has revealed a bullish pattern that has appeared for the Ethereum price, which hints at a rally to $4,000. This again provides some optimism concerning ETH, which has continued to underperform in this market cycle. Ethereum Price Eyes $4,000 With This Bullish Pattern In a TradingView post, BasicTrading revealed that a breakout to $4,000 looks to be on the horizon for the Ethereum price following the formation of a rising channel pattern. This bullish prediction came as the analyst noted that ETH had been retesting the previous all-time high resistance and was not able to break it. However, this time, it could be different following the rising channel pattern. The analyst added that with the bullish break and retest and Ethereum price action, the breakout is about to happen. With Ethereum likely to break this psychological $4,000 resistance level soon enough, the analyst suggested that this could ultimately pave the way for ETH to reach and possibly surpass its current ATH of $4,800. BasicTrading remarked that the sky is the limit for the Ethereum price if it manages to break above its current ATH. Interestingly, the crypto analyst raised the possibility of ETH rising to between $20,000 and $25,000 if it replicates its historical performance from previous bull cycles. This price range represents the upper resistance trendline of the rising channel. However, the analyst stated that the Ethereum price must first achieve a clear breakout of its current ATH before a rally to as high as $25,000 can become a possibility. This bullish projection for ETH comes just days after crypto analyst Ali Martinez explained why it wasn’t time to give up on Ethereum despite its underperformance in this market cycle. Martinez mentioned that a decisive breakout above $4,000 could send ETH to $7,000. ETH To Reach Five Digits In This Bull Run Crypto analyst CrediBULL Crypto has also backed BasicTrading’s bullish outlook as he predicted that the Ethereum price would at least reach $10,000 in this market cycle. The analyst asserted that ETH will come back with a “vengeance” in the coming months. He added that $10,000 is the bare minimum once Ethereum breaks out. CrediBULL Crypto further opined that $20,000 is certainly not unreasonable by the end of this cycle. Crypto analyst Mikybull Crypto also provided a bullish outlook for the Ethereum price, stating that ETH’s hated rally that will bring it to $12,000 is loading. He further remarked that the chart is giving market participants a glimpse and that patience is all it takes. At the time of writing, the Ethereum price is trading at around $3,400, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
XRP Faces Bearish Momentum; Support at $2.73 May Offer Recovery Opportunity
XRP has recently slipped to $3.15 after a failed attempt to maintain its all-time high of $3.40, indicating a bearish trend in the market. Investor activity has diminished significantly, marked by declining trading volumes which pose a risk of XRP dropping to the pivotal support level of $2.73. According to COINOTAG, a key factor to monitor is whether XRP can hold above $2.73 to trigger a potential recovery toward higher price levels. XRP struggles to regain momentum after testing its all-time high; declining investor interest poses risks while support levels will be crucial in upcoming days. XRP’s Downward Trend: Analyzing the Current Market Conditions After attempting to reach an all-time high (ATH) of $3.40, XRP has faced significant price retracement, currently trading at about $3.15. The failure to sustain this peak comes amid a growing wave of bearish momentum illustrated by various technical indicators. As the market sentiment shifts, investors have begun to withdraw, contributing to a decline in transaction volumes. This lack of participation is critical as it indicates a drop in confidence from traders, potentially leading to more price corrections in the near term. Technical Indicators Suggest Further Declines The current market environment shows alarming signs for XRP, particularly with the Daily Active Addresses (DAA) indicating declining investor interest. The ongoing bearish crossover in the MACD signals that selling pressure is currently dominating the market. Should this trend continue, XRP could face increased pressure, leading to a price drop below its support levels. Additionally, the histogram on the MACD shows a downward trajectory. If it falls below zero, it will validate the prevailing bearish momentum. This technical climate raises concerns for traders, as overall market conditions remain highly uncertain. XRP Price DAA Divergence. Source: Santiment XRP Price Prediction: A Critical Crossroad The current price action of XRP is critical. After peaking at $3.40, its retracement to $3.15 signifies the challenges the altcoin faces in establishing upward momentum. Bearish trends, enhanced by weak investor engagement, pose significant risks. If these bearish trends continue, it is plausible for XRP to retreat towards its support at $2.73, indicating a potential 13% correction. Further declines could see prices plummet to levels around $2.18, a scenario unfavorable for investors who would see substantial losses. XRP Price Analysis. Source: TradingView Conversely, if XRP can maintain its position at $2.73, there may be a potential recovery pathway. A rebound from this key level could facilitate a new challenge against the previous ATH at $3.40, possibly paving the way for new highs that would instill fresh investor confidence. Conclusion The current landscape for XRP remains precarious. With significant selling pressure and declining activity from investors, the altcoin must navigate carefully. Holding above the $2.73 support level is crucial; failure to do so could have lasting implications for investor confidence and potential price movements moving forward. In Case You Missed It: Dogecoin (DOGE) Price: Technical Indicators Signal Potential for New Highs Amid Whales and ETF Speculations
Ethereum technical analysis points to potential $5,000 target as institutional interest grows
Crypto analyst Jelle has projected Ethereum could reach $5,000 by March. The analyst cited a long-term technical pattern and reported institutional accumulation. The forecast comes as ETH maintains a 51.9% gain over the past year. Price data shows Ethereum has posted gains of 2.4% over the past week, though experiencing a 1.9% decline in the last 24 hours. The asset’s 30-day performance indicates a modest 0.4% decrease, suggesting consolidation before a potential breakout. In a recent market analysis, Jelle highlighted a bullish pennant formation that has developed over nearly four years. This technical structure, visible by converging trendlines following a strong upward movement, typically precedes major price advances when validated by increased buying activity. https://twitter.com/CryptoJelleNL/status/1882728449972068852?ref_src=twsrc%5Etfw Market observers note that wallets reportedly linked to Trump’s circle have been accumulating Ethereum, coinciding with broader discussions about government cryptocurrency stockpiling. This institutional interest adds fundamental support to the technical analysis. The cryptocurrency’s price action shows resilience in maintaining yearly gains despite recent market volatility. While short-term movements show some uncertainty with the 24-hour decline, the longer-term uptrend remains intact as seen by the substantial yearly performance. Technical analysts point to the completion of local low sweeps as another bullish indicator. This suggests the market has cleared out weaker positions before a potential upward move. However, ETH is still down by over 31% since its all-time high that was touched in November 2021. While BTC has managed to breach its ATH multiple times recently, ETH has yet to showcase such strength. Source: CoinGecko
Bitcoin’s Retail Demand Drops Despite Price Level Nearing ATHs
Bitcoin ($BTC) is reportedly inching closer to its all-time high price levels. Nonetheless, as per a CryptoQuant analyst going by “caueconomy,” the retail demand of Bitcoin has decreased by -19.34% during the recent thirty days, denoting the cautious behavior of investors. The crypto analyst discussed the present status of Bitcoin’s retail demand in an exclusive report. Retail Demand Remains Low Despite Bitcoin Nearing ATH “This signals that despite the new all-time highs, the on-chain structure is not “stretched,” which favors further uptrends.” – By @caueconomy Full post 👇https://t.co/NMrkGTgCPO pic.twitter.com/8N9Vy1zpGo — CryptoQuant.com (@cryptoquant_com) January 23, 2025 Bitcoin Records -19.34% Dip in Retail Demand Irrespective of Approaching ATH Price Levels The CryptoQuant analyst asserted that the recent 30 days have seen a massive plunge in Bitcoin’s retail demand. In this respect, a sheer -19.34% dip took place in the retail demand for the top crypto asset. This signifies that the minor investors are quite cautious irrespective of the noteworthy price spikes. The historical statistics point out that Bitcoin’s huge price volatility has often had a considerable impact on the on-chain activity. The data reveals that the institutional and retail Bitcoin investors have most of the time responded to the market dynamics. Nonetheless, the present trend bucks the respective pattern. After a peak concerning retail demand that occurred in December, a steady decline has taken place in activity. Hence, amid the price upsurge to ATH levels, this diminishing activity is surprising. On-Chain Structure Remains Far From ‘Stretched,’ Highlighting Room for Bitcoin’s Growth Irrespective of the slowdown in Bitcoin’s demand across the retail market, the market onlookers deem the present market structure as healthy. Based on the market data, the on-chain activity of Bitcoin is not “stretched” up till now. This indicates that the key crypto asset still has the opportunity to witness a bullish signal. Thus, the long-term investors can anticipate a notable advancement in the future. Contrarily, while Bitcoin market is momentarily facing a slump in retail demand, the institutional players are pushing the price upward. This highlights the steady growth in Bitcoin adoption, often counterbalancing retail market’s fluctuations. According to the CryptoQuant analyst, the declining retail activity could also underscore opportunities for those entering the market lately. While small investors display reluctance in market participation, the analysts consider that such a phase often leads to persistent uptrends. Overall, the retail sector’s engagement in Bitcoin market will play a key role in determining the growth sustainability.
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