The Next Crypto Gains Surpassing Ethereum and Cardano
The post The Next Crypto Gains Surpassing Ethereum and Cardano appeared on BitcoinEthereumNews.com.
SPONSORED POST* Ethereum and Cardano whales are officially losing confidence as neither of these tokens has recorded significant price action in the last 30 days. On the flip side, Rollblock’s revolutionary GambleFi protocol is still on a bullish trend as it gets closer to the official launch day in Q4. Ethereum Whale Dumps $12M Worth of ETH Tokens Ethereum’s gas fee increased to 78 Gwei today which typically reflects a significant rise in transactions on Ethereum’s network. However, a significant Ethereum whale that held ETH ever since its ICO in 2017 has recently liquidated more than 45,000 tokens. This massive sell-off resulted in a steep decline in Ethereum’s price and also turned Ethereum’s community sentiment 67% bearish. Ethereum is currently trading for $2,447.54 after an intraday increase of 2.97%. Meanwhile, Ethereum’s volume has decreased by 13.77% over the last 24 hours which means investors are losing interest in Ethereum for now. Since Ethereum’s price chart is flashing strong sell signals today, analysts believe Ethereum could experience a steep decline down to the $2,257.72 support soon. Cardano (ADA) Whales are Stepping Back Cardano experienced a significant decline in whale activity over the past 30 days. Since Cardano’s large holder’s netflow has decreased by 100% already, large Cardano holders seem to be rapidly booking profits. Since this massive decline is typically interpreted as a bearish signal, even retail investors are now losing confidence in Cardano’s future. Cardano is currently trading for $0.3525 after an intraday increase of 4.21%. Since Cardano’s volume has decreased by 9.08% over the last 24 hours, Cardano holders seem to be jumping ship to better-performing DeFi gems. Amidst this profit-taking sentiment, Cardano’s price is expected to decline to the $0.313 support soon. Can Rollblock (RBLK) Surpass Top 10 Cryptos in 2025? Rollblock’s new GambleFi project has been creating…
Filed under: News - @ October 14, 2024 7:28 am