The post Ethereum Transactions Dip As Shiba Inu Holding Time Pumps, Intel Markets Presale Crosses $190k appeared on BitcoinEthereumNews.com.

Recent data reveals that the daily Ethereum transactions have decreased since the bears remain in control of the market. Also, the holding time of Shiba Inu has also seen an upward trend in the past month while its price dips. Meanwhile, Intel Markets is showing a massive price surge. It has raised over $190k in the first stage of its presale as investors jump on the AI-powered perpetual trading platform. Ethereum (ETH) Daily Transactions Plummets According to data from IntoTheBlock, the number of daily ETH transactions worth over $1 and $19 monthly has dipped by 20%. Similarly, the net flow of large holders for the Ethereum crypto has dropped by 77%. Meanwhile, Ethereum’s Moving Average Convergence Divergence (MACD) is showing bearish signs; this could lead to massive sellouts in the future. In the meantime, the price of the Ethereum coin is oscillating between a low of $2k and $3.5k. In terms of losses. The ETH market cap is moving between $250 billion and $425 billion on the monthly timeframe. Given the bearish movement in the crypto market, analysts predict that the Ethereum price will rise to $4k in the coming weeks. However, a bearish move will invalidate the creators’ prediction. Shiba Inu (SHIB) Holding Time Pumps, Price Remains Bearish According to analysts, Shiba Inu is under pressure in the bearish market. Data from IntoTheBlock shows that Shiba Inu’s coin Holding Time has increased by 42% over the last week and by 107% in the previous 30 days. Holding Time is a bullish signal that shows how long investors keep their assets without selling or trading them. On the flip side, the Shiba Inu coin has been on a downward slope in the past few months. The downward movement shows that Shiba Inu crypto failed to maintain this bullish rally. It…

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Filed under: News - @ September 2, 2024 8:22 am