Why NEAR might be a healthy candidate for a sizable bounce

MUX protocol saw promising growth in trading volume and fees. The protocol’s native token MCB shot up by 6% at press time. MUX Protocol, a decentralized perpetuals exchange, made players in the DeFi arena sit up and take notice. Built on layer-2 scaling solution Arbitrum, MUX has seen considerable growth in key performance indicators (KPIs) over the past few weeks, as highlighted by a crypto analyst on 31 January.

Aptos’ NFT ecosystem registered growth over the last few days. A new update is to be launched soon, but the metrics were not affected positively. After closing a comfortable week, Aptos’ [APT] price took the opposite route, going down considerably. According to CoinMarketCap, APT’s price was down by more than 6% in the last 24 hours, and at the time of writing, it was trading at $16.86 with a market capitalization of $2.7 billion.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Aptos has retested a 4-hour bullish order block. A breakout past $19-$20 could see APT register massive gains. Aptos has registered gains of 18% within 12 hours to...

SHIB’s last year’s performance did not lead to massive dumps by institutional investors and whales. The token had the potential to remain significant in the long term based on the technical outlook. Shiba Inu’s [SHIB] 2021 disruption of the crypto market was one reason it amassed a lot...

Fantom [FTM] has surged 200% since its price rally began in January. Several metrics are suggesting a bull run except for the MVRV ratio. Fantom [FTM] is undoubtedly one of the coins in the market that saw a significant surge in January. When seen on a daily timeframe, it rallied by 200% from January 1 until the time of this writing.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LINK faced a price rejection at the selling pressure zone at $7.500. Holders still enjoyed profits. Chainlink’s [LINK] uptrend momentum was facing a crucial short-term blockade. LINK dropped...

Dogecoin recently saw an increase in whale transactions. The dog-themed token has also recently seen a spike in its daily active addresses. Whale activity has increased for Dogecoin [DOGE], which is also the ninth-largest cryptocurrency by market capitalization, according to CoinMarketCap. Whales’ action boosted the token price and impacted some other indicators as well.

In January, ETH’s supply decreased by 10,145.72 units. February might be marked by a price decline. According to data from Ultrasound Money, in January, Ethereum’s [ETH] supply decreased by 10,145.72 units, resulting in a net deflationary value of approximately $16 million. As of this writing, the current total supply of ETH stood at 120,515,752, with an annual growth rate of -0.012%.

Miners might revert to a revenue increase as the Puell Multiple left the capitulation area. Market statistics showed that the current condition was not overheated. Bitcoin [BTC] holders were not the only recipients of welcome developments recently. Like the holders, miners who have struggled with inhospitable conditions may also have cause to celebrate in the near term. This is after they had spent months in losses.

The Terra Classic community moved a step ahead towards bringing back UST. LUNC surged, but it was overbought and could soon reverse. The notion that the Terra Classic [LUNC] community was over the painful collapse of LUNA may be wrong. Of course, the community had repeatedly said that they were focused on rebuilding. But there has been a Signal proposal to reawaken the fizzled stablecoin of the Terra [UST] ecosystem.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The 4-hour and daily market structures of Solana, at press time, were bullish. The range formation gives out a clear game plan for buyers and sellers. Solana has...

Cardano was back in the top 10 tokens by trading volume among the 4000 biggest BSC whales. ADA’s price rallied by over 50% in the last 30 days. Cardano foundation recently revealed January month’s stats of Cardano [ADA]. As per the official tweet, there has been an increase in transactions using smart contracts and metadata.

Aave’s treasury funds saw significant growth. Other competitors also witnessed a surge in their treasury funds. Decentralized lending protocol Aave [AAVE] has seen a growth in its treasury funds, according to a 1 February tweet from Delphi Digital. The growth in treasury funds is an indicator of consistent revenue generation for the protocol, which can be used for various initiatives, such as development, marketing, and strategic planning.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. VeChain is a blockchain platform that specializes in logistics and supply chain management. It uses a Proof-of-Authority consensus algorithm that helps secure transactions through a network of 101 Authority Masternode operators.

According to research, cryptocurrency hacks caused $8.8 million in damages in January. When compared to the $121.4 million in exploitable losses in January 2022, January’s data indicated a 92.7% drop. In addition to the bullish cryptocurrency market rebound in January 2023, there have been other encouraging industry reports. This...

Bitcoin saw over 50,000 in Coin Days Destroyed. The Aroon indicator, however, pointed to the absence of pending price reversal. There are indications that Bitcoin’s [BTC] recovery remained active at press time, and that it may soon surpass the $23,000 price level. The fact that these transactions appeared to be increasing suggested that it was caused by the movement of whales.

The FOMC meeting on 1 February was perhaps the most anticipated event in the investment landscape. This includes the cryptocurrency market, hence the heavy expectations, especially among Bitcoin investors and enthusiasts. Is your portfolio green? Check out the Bitcoin Profit Calculator. The biggest question of the day was whether the...

Ripple’s ODL product reaches new heights but sees a decline in sales. XRP’s price and weighted sentiment metric surge, but growing short positions raise concerns. Ripple‘s On Demand Liquidity (ODL) product has been making headlines as the firm reported sales of over $200 million in Q4 of 2022.

AlephZero was added to Polkadot as the 38th parachain. Despite declining activity, staker interest and development activity increased. AlephZero, a zkSnark based cryptocurrency, was added to Polkadot [DOT] as the 38th parachain on the network. This addition to Polkadot could likely improve the state of its ecosystem. However, despite the growing ecosystem, there were areas where Polkadot did not show any improvement.

The total value locked on Lido Finance went past $8 billion in January. Despite the feat, the protocol’s native token was down 5.82% at press time. Lido Finance [LDO] had a rollicking start to 2023 after it eclipsed MakerDAO [MKR] to become the biggest decentralized finance [DeFi] protocol, as per DappRadar. Moreover, the total value locked (TVL) of Lido’s smart contracts went past $8 billion in January 2023, which amounted to gains of over 36%.