Cosmos: Risk-averse traders have reason to overlook ATOM’s bullish crossover

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. Since 20 January, Ethereum has encountered resistance at $1,680. Even so, there is optimism that ETH will reach $1,800 or even higher by the end of February due to the ascending triangular pattern and improvements in investor mood in ETH derivatives. Of course, how ETH performs as it approaches the pattern deadline by mid-February will determine how everything plays out.

2 February saw ETH hit $1,713 for the first time in four months. The inflow of ETH into exchanges exceeds the outflow signifying sell pressure. Ethereum [ETH] experienced a price increase before the close of the trading session on 2 February, bringing it to its highest level in more than four months. How did traders respond to it, and how might their responses impact the future price of ETH?

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...

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 total value locked on Curve expanded swiftly to attain pre-FTX levels. Native token CRV’s price and market cap are at the risk of a pullback. According to a report on DeFi blue chips by on-chain analytics firm OurNetwork, Curve Finance [CRV] remained the largest decentralized exchange (DEX) by total value locked (TVL), underlining that the protocol continued to be the top choice for liquidity providers.

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.

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. Binance Coin surged above resistance; retracement could be a buying opportunity. The market structure remained bullish. Binance Coin [BNB] beat the 12-hour bearish order block near $316 after...

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.

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...

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 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. The price of Algorand (ALGO) was largely stagnant over the last week, trading at $0.2688 at press time. ALGO rallied by 6% to a two-month high. The scalable blockchain token could further rally to an additional 25% if they meet certain market conditions.

MATIC flipped SHIB to become the most traded token among whales. MATIC’s weekly chart was green and market indicators suggested a further price hike. Polygon [MATIC] has shown growth in its DeFi space over the past, with several new integrations that help increase the network’s offerings and capabilities. The latest one is the integration with Dopex, a decentralized options exchange.

TRON will soon announce partnership with BitTorrent. TRX’s price increased over the last day and the metrics, along with market indicators, looked bullish. TRON [TRX] reached a new milestone that reflected its increased adoption across the globe. TRONSCAN revealed that TRON’s total accounts surpassed the 140 million mark – they stood at 140,010,268 at press time.

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. Although 2022 was a tough year for Terra Luna Classic (LUNC), the token has been surging as of late. At press time, LUNC was trading at $0.00019904, showing a surge of over 30% since last month. Terra had consolidated within the previous support zone established in November 2022 and showed the potential to rally higher in the weeks to come.

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...

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.

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.

Aave has seen a decline in its user activity in the last 30 days. During that period, revenue increased as a result of a rise in fee charges. Aave, the leading decentralized borrowing and lending protocol, recorded an average of 4,000 daily users in 2022, putting it ahead of its competitors, according to data from Delphi Digital.

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. Ripple’s native token XRP is currently the sixth largest cryptocurrency in the world. It was created in 2012 to enhance global financial transfers and the exchange of various currencies. XRP operates on the decentralized, open-source XRP ledger [XRPL], and transactions are facilitated by the Ripple transaction protocol. With a pre-mined token supply of 100 billion, XRP is unique compared to other cryptocurrencies.