XRP On-Chain Velocity Hits Yearly High As Network Activity Explodes
XRP has reclaimed the $2.10 level after a strong rebound across the broader crypto market, signaling renewed confidence following several days of fear, volatility, and sharp pullbacks. Analysts now see the potential for a sustained recovery as momentum returns and buyers show signs of stepping back in. The reclaim of this key level comes at a crucial moment, with traders closely watching whether XRP can build enough strength to challenge higher resistances in the coming sessions. Related Reading: Bitmine Buys Another 18,345 Ethereum ($54.94M) In Fresh Accumulation Push – Details Adding to....
Related News
As BNB rallies to new highs, the BNB Chain ecosystem achieves new milestones, fueled by record performances in network activity, gas efficiency, and trading-driven growth. Related Reading: US Labor Union Urges Senate To Oppose Crypto Bill Over Pension, Workers’ Risks BSC Hits New Gas Usage Milestone On Wednesday, the BNB Chain ecosystem hit new record […]
Ethereum (ETH) is beginning to show signs of a potential bullish reversal, with the second-largest cryptocurrency by market cap climbing 9.1% in the past 24 hours. Alongside the price surge, Ethereum’s network activity has seen a notable uptick. Ethereum Network Activity Explodes Amid Price Rally According to a recent CryptoQuant Quicktake post by analyst Carmelo_Aleman, […]
Weekly Bitcoin transactions and velocity hit record lows, leading one analyst to suggest that even with BTC stable at $33,000, further downside could ensue. In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session. The swift drop near the crucial $30,000 resistance raised alarms among bulls and bears and whilst the $30,000 to $32,000 level continues to function as a support level, a recent market update from ByteTree CEO James Bennett paints a mixed picture of what may be in store for BTC.According to....
On-chain data shows the average transaction fees on the Ethereum network have hit a 4-month high as user activity has spiked. Ethereum Average Fees Recently Hit The $5.72 Mark According to data from the on-chain analytics firm Santiment, the transaction fees on the ETH network have shot up as the cryptocurrency has recently broken above […]
In the end, the team decided to throw in the towel, as they feel it is “too early” for financial derivatives in the Ethereum ecosystem. Velocity, one of the many Ethereum-based projects, announced they would shut down shortly. This news came as quite a surprise, considering things were looking positive initially. After just nine months of hard work, the project will not cease to exist over the coming weeks. Another failed experiment using the Ethereum ecosystem. Velocity came into being in February of 2016. Its objective was simple” develop on-chain insurance products using the Ethereum....