Dec 20
🧑💻 Here are crypto's top gaming projects by development. Directional indicators represent each project's ranking rise or fall since last month:
➡️ 1) MultiversX $EGLD 🥇
➡️ 2) Decentraland $MANA 🥈
📈 3) Wrapped NCG (Nine Chronicles Gold) $WNCG 🥉
➡️ 4) Skale $SKL
📈 5) @FUNToken $FUN
📉 6) @Immutable X $IMX
📉 7) Enjin Coin $ENJ
➡️ 8) @Treasure $MAGIC (Ethereum)
📈 9) @Treasure $MAGIC (Arbitrum)
➡️ 10) Axie Infinity $AXS
Read about our new, objective methodology for covering development activity and "cutting through the noise and misinformation" for over 3,000 projects here!
📺 In our latest This Week in Crypto, we discuss the signs that led to the drop. With tax-related profit taking making sense, there may still be volatility until 2025 begins. But long-term, these signals point to a great future for cryptocurrencies.
💸 With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto's dip has reached its highest level in over 8 months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since that time, Bitcoin's market cap is +81% higher.
Dec 19
🐳 Despite sizeable crypto corrections this week, several altcoins are making very large whale transfers that are indicative of potential dip buys. Among $500M+ market caps, these are the assets seeing the highest rises in whale transactions over the past week:
1) Usual $USUAL
2) Virtuals $VIRTUAL
3) Usual $USD0
4) Gnosis $GNO
5) Fast $FTN
6) Aave $AAVE
7) First Digital USD $FDUSD
8) Multi Collateral Dai $DAI (On Polygon)
9) Floki $FLOKI
10) Multi Collateral Dai $DAI (On Arbitrum)
📉 After the FOMC interest rate cuts, both crypto and equities traders were left feeling a bit concerned. Not because of the current cuts, but due to Jerome Powell's projection for 2025 to have half the amount of rate cuts as expected.
Altcoins, in particular, have gotten hammered over the past 24 hours. Assets like Avalanche (-16%), Chainlink (-16%) Litecoin (-16%), and Pepe (-17%) have pulled back considerably over the past 24 hours. If this was indeed an overreaction, there is a reasonable chance that the projects with the biggest drops will be the ones worth taking the biggest dip buy chances on.
Dec 18
💸 Among traceable wallets, there is a net average of ~$40M Tether per day moving on to exchanges over the past 8 weeks. Helping to fuel this bull rally and the many historic crypto pumps, look for stablecoin 'dry powder' to continue flowing in during this final stretch of 2024.
Dec 17
🧑💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:
➡️ 1) Internet Computer $ICP 🥇
➡️ 2) Chainlink $LINK 🥈
➡️ 3) Hedera $HBAR 🥉
📈 4) Starknet $STRK
📉 5) Cardano $ADA
📉 6) Optimism $OP
📉 7) Polkadot $DOT
📉 8) Kusama $KSM
📈 9) Defichain $DFI
📈 10) sUSD $SUSD
📖 Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading!
🐳 There are currently 104 whale wallets holding at least 100K Ethereum. Their combined holdings currently sit at 57.35% of all existing ETH tokens, currently worth ~$333.1B.
Meanwhile, wallets with 100-100K hold their lowest ratio of supply in history, 33.46%. And sub-100 ETH wallets hold a near 4-year low of 9.19%.
With the caveat that the #2 market cap is increasingly comprised of DeFi and staking wallets, it is still generally a bullish long-term signal when a coin's most prominent key stakeholders continue accumulating... especially when it's a 9 year-old asset with whales holding their highest ever portion of coins.👌
Dec 16
🎉 Bitcoin continues to break records, now eclipsing a $107.1K market value for a new all-time high! The amount of non-empty wallets on the network is now up to 54.62M, increasing by +5.2% over the past year. 👍
🥳 Bitcoin has climbed to $106.5K for the first time in its 16+ year history. Since the bull rally began back on October 10th, there has been a net increase of 1,582 more wallets that hold at least 100 BTC, a jump of +9.9% more wallets in the relatively short period of time!