Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to a key on-chain indicator, Ethereum (ETH) may be undervalued at its current market price. The last time ETH was this undervalued was in October 2023, after which it experienced a 160% rally. Ethereum May Be Undervalued, On-Chain Indicator Suggests Ethereum’s current MVRV-Z score suggests that the second-largest cryptocurrency by total market capitalization may be undervalued at its present price. This metric – used to determine whether an asset is overvalued or undervalued – is currently at its lowest level in 17 months. Related Reading ETH’s low MVRV-Z score indicates that the digital asset may be approaching a local bottom. Notably, the last time this metric was at a similar level in October 2023, ETH surged by 160%. Source: Glassnode For the uninitiated, the MVRV-Z score compares the difference between an asset’s market value and its realized value to assess overbought or oversold conditions. A high score indicates potential market tops, while a low score suggests possible bottoms. Besides October 2023, Ethereum’s MVRV-Z score has entered the green band two other times – once in December 2022 and again in March 2020. On both occasions, ETH subsequently entered a bullish phase. Additionally, on-chain analytics indicate that crypto whales are quietly accumulating ETH in anticipation of a significant upward move. Data from CryptoQuant reveals that ETH inflows into accumulation addresses have surged to multi-year highs, surpassing levels seen before major bull runs. Source: CryptoQuant High inflows into accumulation addresses suggest that institutional investors and large holders anticipate a rise in ETH’s price. This aligns with recent analysis predicting that ETH is poised for a substantial rally this year, potentially driving the digital asset to $9,000. Furthermore, ETH whales – wallet addresses holding between 1,000 and 10,000 ETH – have been aggressively accumulating since July 2024. This coincided with the US Securities and Exchange Commission’s (SEC) approval of the first spot ETH exchange-traded fund (ETF). Is ETH Going To Surprise The Market? Beyond a bullish MVRV-Z score and increasing ETH inflows into accumulation addresses, several other indicators suggest that ETH may be on the verge of a surprise rally, despite prevailing bearish sentiment. Related Reading Following the recent market pullback, ETH’s weekly Relative Strength Index (RSI) has dropped to a three-year low, fuelling optimism for an imminent rally. However, increasing ETH reserves on exchanges could pose a challenge to upward momentum. Similarly, concerns remain regarding the Ethereum Foundation’s continuous selling of ETH, which may be contributing to price suppression. As of press time, ETH is trading at $2,268, reflecting a 3.7% increase over the past 24 hours. ETH trades at $2,268 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from Glassnode, CryptoQuant and Tradingview.com
Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details
Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market cap, is flashing multiple bullish signals that suggest a potential upside move. However, rising exchange reserves are tempering this optimism. Has Ethereum Formed A Local Bottom? Ethereum has dropped nearly 20% over the past two weeks, falling from approximately $2,805 on February 23 to just above $2,200 at the time of writing. This decline has wiped out $80 billion from ETH’s market cap. Related Reading Despite this sharp pullback, crypto analysts are pointing to several bullish indicators that could signal an impending price reversal. Crypto analyst Merlijn The Trader, for instance, has highlighted that ETH is following the Wyckoff Reaccumulation Pattern. For those unfamiliar, the Wyckoff Reaccumulation Pattern is a technical analysis method developed by Richard Wyckoff. In the context of ETH’s current price action, this pattern suggests that the asset may be entering an accumulation phase before a potential upward movement. The analyst further noted that the “spring phase” has just been triggered – indicating a possible bear trap where a brief dip below support levels misleads sellers, potentially setting the stage for a rally. A bounce from this level could see ETH climb to $4,000. Source: Merlijn The Trader on X In a separate X post, Merlijn The Trader also pointed to a bullish divergence in Ethereum’s 4-hour chart. According to the analyst, ETH’s next immediate target is $2,700 before moving higher. Fellow crypto analyst CryptoGoos echoed these sentiments. Source: Cryptogoos on X Beyond technical indicators, whale activity has added to the bullish sentiment surrounding ETH. In an X post, crypto analyst Ted noted: Ethereum whale bought 17,855 ETH worth $36,000,000 at an average price of $2,054. Total holding $2,530,000,000 Ethereum. You think this is going down? Think again. Rising Exchange Reserves May Spoil The Party On the bearish side, crypto analyst Ali Martinez pointed out that ETH reserves on exchanges have been steadily rising. Over the past two weeks, more than 610,000 ETH has been transferred to exchanges, which could increase selling pressure. Source: ali_charts on X Martinez’s analysis aligns with a recent report that found that despite ETH’s Relative Strength Index (RSI) being at a multi-year low, there could still be further downside in store for the digital currency. Related Reading Indeed, ETH has been marred by significant bearish sentiment due to its relatively weak price performance over the past two years compared to cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP. However, extreme bearish sentiment could act as a contrarian signal, setting the stage for a surprise rally. At press time, ETH trades at $2,200, up 6% in the past 24 hours. ETH trades at $2,200 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from X and Tradingview.com
Ethereum Surges Nearly 10% As MVRV Ratio Drops Below 1—Bigger Rally Incoming?
Ethereum’s price has mirrored Bitcoin’s recent market movements. ETH experienced a rollercoaster performance earlier this week before rebounding with a 10% increase in the past 24 hours. This recovery follows a broader market correction that initially led to fear among investors. While Ethereum’s performance remains closely linked to Bitcoin’s price action, recent on-chain data suggests that ETH may enter a renewed accumulation phase. MVRV Ratio and Institutional Accumulation Trends A post uploaded on the CryptoQuant QuickTake platform by a contributor known as Mac has particularly pointed out Ethereum’s Market Value to Realized Value (MVRV) ratio, which suggests the asset is currently undervalued. The latest data indicates that large-scale investors are increasing their ETH holdings, signaling potential support at key price levels. According to Mac, these accumulation patterns could influence Ethereum’s trajectory in the coming weeks. Mac revealed that the MVRV ratio, a key on-chain metric used to assess whether an asset is overvalued or undervalued, has fallen below 1 for Ethereum. Historically, such levels indicate an undervalued zone, meaning that Ethereum is trading close to the average purchase price of all holders, including institutional investors. ETH MVRV: Reaching a Highly Undervalued Zone “When MVRV falls below 1, it signals entry into an undervalued zone in the cycle, indicating an opportunity to buy at a level close to the average purchase price of all holders (including whale investors).” – By @MAC_D46035 pic.twitter.com/urj348TZng — CryptoQuant.com (@cryptoquant_com) March 5, 2025 The analyst also mentioned that in past market cycles, when Ethereum’s MVRV dropped below 1, it was followed by notable price recoveries. Additionally, there has been a surge in the number of ETH accumulation addresses—wallets that receive ETH but have never withdrawn. This suggests that large investors and institutions are strategically increasing their holdings, particularly at the current price range of $2,200–$2,300, where the realized price for whale investors is concentrated. This level is expected to act as a strong support zone, reinforcing the possibility of sustained accumulation. Market Conditions and Long-Term Ethereum Outlook Beyond accumulation trends, macroeconomic factors continue to play a role in shaping Ethereum’s price movements. Mac noted that liquidity policies in the US, particularly the Trump administration’s trade and monetary policies, have so far influenced risk asset performance, including cryptocurrencies. Stricter monetary policies and inflation concerns could contribute to “sharp price drops.” Despite this possibility, Mac concluded, noting: However, Ethereum still maintains its position as the second-largest cryptocurrency by market cap and is a proven network with thousands of mature DeFi projects. As such, institutional investors are likely to accumulate more in this undervalued zone. Therefore, from a long-term perspective, the outlook for Ethereum remains positive. Featured image created with DALL-E, Chart from TradingView
Cardano (ADA) Soars As Whale Activity Hits 3-Month High—What’s Next?
Cardano (ADA) is presently experiencing a significant increase in popularity on cryptocurrency exchanges. Investors are closely monitoring the most recent data, which suggests a significant increase in network activity and price movement. Following the disclosure by US President Donald Trump on Tuesday that Cardano (ADA) and four other large-cap cryptocurrencies, including Bitcoin, will serve as the foundation of the US Strategic Crypto Reserve, Cardano has been among the talk of the town. Whales Show Appetite With Large Transactions There has been a cascading effect throughout the Cardano ecosystem as a result of an inundation of substantial transactions. On March 4, the analytics platform Santiment monitored 1,132 whale transactions, with 2,671 unique transactions exceeding $100,000. The most significant whale activity in the past three months occurred when ADA momentarily reached $1.13, triggering a major whale entry into the market. Cardano’s brief, major breakout to $1.13 came in tandem with the most whale activity in over 3 months. The sudden jump in $100K+ transfers sparked a drop in the average age of $ADA sitting in wallets, indicating a rise in tokens now back in regular circulation on the network. pic.twitter.com/bGliMmEesx — Santiment (@santimentfeed) March 4, 2025 Cardano Price Momentum Gaining Steam The cryptocurrency is showing signs of steady resilience. Over the past 24 hours, the value of ADA has increased by 21%, fluctuating between a low of $0.75 and a high of $0.94. ADA is currently trading at $0.9972, sustaining a solid 45% increase in the weekly frame. The futures markets are also a hive of activity, as open interest has surged by more than 6% in the past 24 hours, reaching 905 million ADA, which is equivalent to over $842 million. Shifting Regulatory Winds For Cryptocurrency Meanwhile, another motivating factor would be the possibility of regulatory progress. Grayscale has received acknowledgment from the US Securities and Exchange Commission (SEC) to register an exchange-traded fund (ETF) that is compliant with ADA. This acknowledgment has the potential to increase the chances for mainstream capital investment, as Cardano is now on the shortlist of altcoins awaiting official feedback. Progress Promotes Community Involvement Cardano Founder Charles Hoskinson continues to push boundaries with the platform. Recent developments include ambitious plans to track government spending and advance decentralized governance. The Plomin hard fork stands as a testament to the project’s commitment to innovative blockchain solutions. Cardano’s future remains the subject of cautious optimism among analysts. Although there are numerous speculations circulating on certain social media platforms regarding a potential $10 price point, the majority of observers recommend that individuals maintain realistic expectations. The cryptocurrency market is characterized by frequent fluctuations and remains unpredictable. Cardano distinguishes itself through its consistent network enhancements and evolving ecosystem. The most recent data indicates that token circulation is increasing and there is a renewed interest among investors. Numerous individuals will monitor the platform’s development to determine whether these encouraging indicators will ultimately generate long-term value. Featured image from Market Realist, chart from TradingView
Ethereum Weekly RSI Drops To Lowest Level Since May 2022 – More Selling Pressure Ahead?
Este artículo también está disponible en español. Over the last week, Ethereum (ETH) has dropped 13.8%, currently trading at the critical $2,000 support level. While the digital asset’s weekly Relative Strength Index (RSI) has hit its lowest point in three years, analysts warn that further downside may still be ahead. Ethereum RSI At Lowest Levels In Years US President Donald Trump’s trade tariffs on Canada and Mexico took effect earlier today, fueling fears of an impending recession. According to the latest data from Kalshi, there is a 39% probability of a recession occurring in 2025. Related Reading The broader crypto market has also felt the pressure from these tariffs, with the total market cap declining from $3.7 trillion on December 14 to $2.8 trillion at the time of writing. Major cryptocurrencies such as Bitcoin (BTC) and ETH have been significantly impacted, down 7.1% and 8.9% in the past 24 hours, respectively. Unlike BTC, which saw a remarkable 2024 with multiple new all-time highs (ATH), ETH has struggled since reaching its peak of $4,878 in November 2021. Over the past year, ETH has declined by 41.6%, while BTC has risen by 26%. The latest crypto market pullback has added to ETH’s challenges, bringing it down to the psychologically significant $2,000 level. Crypto analyst Jesse Olson noted that intense selling pressure has pushed ETH’s weekly RSI to 35.87, its lowest reading since May 2022. Olson further explained that the bottom was not reached in May 2022, as ETH subsequently dropped another 60%. If ETH follows a similar trajectory, it could fall another 60% from $2,000, potentially reaching around $800. Source: Jesse Olson on X Fellow crypto analyst Merlijn The Trader echoed Olson’s concerns, stating that Ethereum is currently “playing the waiting game.” The analyst emphasized that ETH is approaching a crucial “make or break” level on the RSI. Analyst Urges Not To Panic Sell ETH Despite heightened macroeconomic uncertainty due to Trump’s trade tariffs, some analysts remain confident that ETH is nearing its bottom and could soon resume its uptrend. In an X post, one crypto analyst remarked: Ethereum is currently retesting the 21-Day EMA on the 3-Month chart. ETH has NEVER closed a candle beneath this level. We are either about to witness history or we are very close to bottoming. Be VERY CAREFUL Panic Selling! Related Reading There might still be hope for the second-largest cryptocurrency, as recent analysis found that ETH exchange balances have dropped to a 9-year low, strengthening the digital asset’s supply scarcity narrative. At press time, ETH trades at $2,126, down 8.9% in the past 24 hours. ETH is close to hitting a new yearly low as it trades at $2,126 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, Charts from X and TradingView.com
XRP Breaking Barriers As Bullish Surge Targets $2.25 And Beyond
Este artículo también está disponible en español. The crypto market is buzzing with excitement as XRP, one of the most resilient digital assets, stages a remarkable comeback. After navigating a challenging period marked by regulatory hurdles and market volatility, XRP is now breaking through key resistance levels with undeniable momentum. The spotlight is firmly fixed on the $2.25 mark, a critical barrier that could unlock the next chapter of XRP’s bullish journey. With technical indicators flashing green, institutional interest on the rise, and a broader crypto market recovery underway, XRP’s journey to $2.25 and beyond could be one of the most exciting narratives in crypto this year. Breaking $2.25: A Gateway To New Highs? The $2.25 level holds immense technical and psychological importance for XRP. Historically, this zone has acted as a formidable resistance point, often dictating the direction of XRP’s price action. Breaking above it would validate the current bullish momentum and signal a potential shift in market sentiment toward stronger buying pressure, opening the door for further gains. Related Reading A successful breakout above this zone would confirm strong bullish momentum, opening the door for growth toward $2.92 and even $3.4 in the near term. Historically, breaking key psychological and technical resistance levels has often triggered accelerated price action, as sidelined buyers step in and short sellers unwind their positions. XRP staging a comeback | Source: XRPUSDT on Tradingview.com As XRP builds momentum, technical indicators suggest that the rally could extend beyond $2.25, reinforcing a bullish outlook. One key indicator, the Relative Strength Index (RSI), is attempting to break above the 55 threshold. Once the altcoin moves above this level, it may spur demand for XRP, potentially fueling further upside momentum. Additionally, a rising RSI often aligns with strengthening price action, suggesting that buyers are gaining control. If the RSI continues to trend higher and crosses into the overbought territory (above 70), bullish momentum tends to build, increasing the likelihood of XRP challenging higher resistance levels. Bearish Possibilities While XRP’s recent rally has been impressive, the cryptocurrency is not immune to bearish pressures. As the market watches the asset challenge key resistance levels, attention is also turning to critical support zones that could determine whether the uptrend holds or gives way to a bearish breakdown. Related Reading Weakening momentum, combined with failure to break above the $2.25 resistance level, points to renewed selling pressure, leading to a possible decline toward the $1.97 support zone. A rejection at this key resistance could signal exhaustion among buyers, allowing bears to regain control and push the price lower. In the event of a drop below $1.97, the next critical support levels to watch would be $1.85 and $1.75. Failure to hold these zones might reinforce a more extended bearish phase, exposing XRP to deeper corrections. XRP trading at $2.1 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Crypto Market Sees Record Flash Crashes, What’s Going On?
Este artículo también está disponible en español. The crypto market has experienced an unprecedented surge in volatility, with established coins like Bitcoin and Ethereum facing extreme price swings. Since January, the frequency of flash crashes has risen sharply, erasing billions from the market. A crypto analyst has suggested that these flash crashes have been driven by several factors, providing a detailed insight into what’s really going on in the market. Why Flash Crashes Are Occurring In The Crypto Market A crypto analyst known as ‘The Kobeissi Letter’ has shed light on the recent market crash and why top coins are falling drastically. The analyst revealed that the increasing number of flash crashes has resulted in over $300 billion being removed from the market in just 24 hours. Related Reading He disclosed that on the previous day, the market began selling off, with Bitcoin dropping below the $95,000 mark. Between 1:45 AM ET and 2:15 AM ET, the cryptocurrency had one of the most shocking crashes, falling by $5,000 in mere minutes. Ethereum, the second largest cryptocurrency after Bitcoin, had it even worse. The altcoin experienced massive liquidations that contributed to a 37% price crash on February 2, fueled by trade war headlines. Source: The Kobeissi Letter on X The Kobeissi Letter has revealed that the key factor behind these dramatic flash crashes is the growing divide between institutional and retail investors. Wall Street Hedge funds have increased their short positions on Ethereum by 500% since November 2024, marking a historic level of institutional bearishness toward Ethereum. Short positioning in Ethereum has also increased by over 40% in just one week. Moreover, Ethereum’s price is down by approximately 40% since December 2024, while Bitcoin has fallen by 15%. On the other hand, institutions have continued to accumulate Bitcoin, while retail investors have poured capital into smaller altcoins like Solana, creating extreme volatility in these assets. This “polarization,” as the analyst calls it, has led to the formation of “air pockets” in liquidity. As a result, when a sell-off starts, it triggers cascading liquidations, amplifying market instability and price crashes. The analyst has also pinpointed that this polarization phenomenon works in the opposite direction, as the market can experience rapid recovery, leading to billions added to its market cap within hours. Shifts In Sentiment And Political Influence Contribute To Market Crash The Kobeissi Letter revealed that the Fear and Greed Index has fallen from a bullish stance just weeks ago to 29% extreme Fear, underscoring the speed at which the market’s sentiment is changing to the negative. The analyst suggests that the extreme positioning in the crypto market is leading to these increasing flash crashes, making crypto significantly unpredictable. Related Reading Adding to the turbulence, the analyst revealed that political and corporate influences have been dictating the crypto market. He underscored that Eric Trump had publicly supported buying Bitcoin and Ethereum during dips, aligning with events like Ethereum’s February 3 recovery and Bitcoin’s rebound on February 25. While the market experiences flash crashes and instability, MicroStrategy continues to accumulate Bitcoin. The analyst revealed that the company had also contributed to the polarization of Bitcoin due to its unending accumulation trend. While the company buys more Bitcoin, MSTR stocks continue to fall, marking a 45% decline from their high on November 20. Total crypto market at $2.86 trillion | Source: TOTAL on Tradingview.com Featured image from Unsplash, chart from Tradingview.com
$34 XRP? Analyst Spots A Crucial Setup For A Major Rally
XRP is establishing new trading patterns against Bitcoin, and traders are closely monitoring a potential shift in market dynamics. XRP has exhibited remarkable strength over a lengthier timeframe, with a 31% gain against Bitcoin during the past month, despite a 15% decline in the past week. Analysts are in disagreement as to what may occur next, as the altcoin’s short-term weakness and long-term strength show opposing figures. Unprecedented Consolidation Pattern Emerges EGRAG, a market analyst, has identified a previously unseen development in the relationship between XRP and Bitcoin. The current pattern indicates consolidation at historically elevated levels, in contrast to previous market cycles in which XRP would surge beyond key resistance levels before retracing into bear territory. The consolidation zone between 0.00003 BTC and 0.000023 BTC is uncharted territory for XRP. According to the most recent data, the altcoin is currently trading at 0.00002580 BTC, representing a 3.70% decline for the day. EGRAG suggests that this phase of foundation-building could ultimately facilitate a more sustainable rally than previous market cycles. #XRP – You’re Not #Bullish Enough! First Time in History: #XRP / #BTC Breakthrough! Listen carefully! I’ve said it before—when #XRP was around $0.50, I told you that buying at those levels would make you look like a crypto god in the future. I also warned you that buying… pic.twitter.com/kEzj4NgvZv — EGRAG CRYPTO (@egragcrypto) February 24, 2025 Critical Price Levels To Watch The continuing existence of particular price thresholds in its Bitcoin pairing is necessary for XRP’s position to remain stable. Even if a monthly closing below 0.000023 BTC would elicit negative sentiment, a comeback is still possible. However, things would significantly worsen if XRP dropped below 0.000016 BTC. A “bullish foundation” would form if the price of Bitcoin closed higher than 0.000024 BTC. EGRAG stands for this. To sustain the bullish argument, XRP must remain above this level until the end of February, even if it is already trading above it. As has happened in the past, a stronger rise above 0.000034 BTC and a monthly close above this level could indicate that a breach is imminent. Projected Price Targets Based On Bitcoin Pairing Based on the relationship between XRP and Bitcoin, a number of important price goals will become clear if the expected breakout happens. When Bitcoin stays at or near $95,125, the first important level would be 0.000046 BTC, which is equal to about $4.37 per XRP. XRP could potentially reach 0.000136 BTC, which is equivalent to $12.93 per token, if a sustained rally persists. According to EGRAG’s most optimistic scenario, the value of each XRP could be approximately $34 if it were to reach 0.00036 BTC. Foundation Building Before Potential ‘Skyscraper’ Rally EGRAG likens the current market situation to the construction of a skyscraper, underscoring the necessity of establishing strong foundations before substantial upward movement. The analyst observes that XRP has never before established such a firm base at current levels relative to Bitcoin, which implies that this cycle could generate more substantial gains than any previous rallies. Featured image from Gemini Imagen, chart from TradingView
Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains
Este artículo también está disponible en español. In an X post published today, crypto market analyst and commentator Ali Martinez highlighted a crucial Ethereum (ETH) price level that must hold to sustain hopes for an altseason. Martinez warned that losing this support could significantly derail any potential altcoin rally. Ethereum Must Defend Key Price Level Ethereum, the second-largest digital asset by market cap, continues to trade in the mid-$2,000 range. At the time of writing, ETH is priced just below $2,700, offering bulls a glimmer of optimism for a potential breakout above the $3,000 resistance level. Related Reading However, in his latest analysis, Martinez emphasized the $2,600 level as a critical price point for ETH. He added that if the digital asset falls below this level, then “altseason will be canceled.” Source: ali_charts on X The recent Bybit crypto exchange hack sent shockwaves across the cryptocurrency industry as hackers stole digital assets worth more than $1.4 billion. Notably, ETH accounted for the bulk of the stolen funds. Despite this, ETH held up relatively well compared to Bitcoin (BTC), according to fellow crypto analyst Daan Crypto Trades. The analyst pointed out that ETH’s ability to remain at essentially the same price level after such a massive hack is “interesting.” They added: To see ETH at basically the same level as before a $1B+ hack is pretty interesting. Would not be surprised it there’s indeed some entity buying back some of that lost ETH or people frontrunning such a thing. At some point the ETH likely has to get back somehow, whether it’s recovered or bought back. Otherwise there would not be a 100% cover of funds. Crypto analyst Ted echoed this sentiment in his own analysis of the Bybit hack. In an X post, he highlighted that not only did the hack fail to push ETH to new lows, but the cryptocurrency has already rebounded 35% from its bottom. Source: Ted on X Meanwhile, crypto trader Merlijn The Trader provided some hope for ETH bulls, sharing a three-week Ethereum chart that suggests ETH is poised to break out of a symmetrical triangle pattern for its “biggest bull run yet.” Altseason In Jeopardy? Seasoned crypto analyst Rekt Capital also weighed in, sharing a daily altcoin market cap chart that shows altcoins failing to close above key resistance levels, highlighted in red circles. They explained: Altcoin Market Cap is transitioning into this triangular market structure (blue). Alts will need to daily close above the blue lower high and then above black resistance to confirm a major trend shift. Source: Rekt Capital on X Related Reading That said, there may still be hope for an impending altseason led by Ethereum. A recent report found that ETH reserves on crypto exchanges are at a nine-year low, which could exacerbate supply scarcity and drive up prices. At press time, ETH trades at $2,671, down 5.2% in the past 24 hours. ETH trades at $2,671 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, Charts from X and TradingView.com
Is Toncoin Building a Foundation for a Long-Term Comeback? Analyst Weighs In
Toncoin (TON) continues to face a challenging market environment, struggling to reverse its recent downward trajectory. Trading below the $4 mark, the asset’s price performance over the past weeks has remained largely in the red. Amid these conditions, CryptoQuant contributor Darkfost has shed light on some underlying trends, highlighting that long-term investors are still seeing positive returns despite the overall bearish climate. Evaluating TON’s Long-Term Viability and Market Stability According to Darkfost in the post uploaded on the CryptoQuant QuickTake platform, long-term holders—those who have maintained their positions for over a year—are currently enjoying a 69% profit, even as short-term investors face losses. This dynamic raises questions about TON’s potential as a long-term investment, prompting a closer look at the project’s ecosystem and liquidity. A key metric in this regard is the total value locked (TVL) on the network. Despite market-wide downturns affecting numerous altcoins, data shared by Darkfost revealed that TON’s TVL remains steady at $300 million, maintaining a level of stability since the start of 2024. This resilience in liquidity and locked value suggests a level of sustained confidence in the platform’s fundamentals. Is $TON made for the long term ? Today, the only investor category still in profit on TON is the long-term investors. Currently, investors who have held their positions for over one year are still enjoying a 69% profit, whereas short-term investors are incurring losses. To… pic.twitter.com/59cQ5diEMy — Darkfost (@Darkfost_Coc) February 24, 2025 Toncoin: Ecosystem Activity and the Role of Workchains Beyond price and profitability, another important indicator of TON’s long-term potential lies in its blockchain activity. Darkfost notes that examining the masterchain and workchain can provide valuable insights into the project’s adoption. The TON workchain, a flexible blockchain layer designed for executing smart contracts and handling user transactions, has demonstrated consistent activity throughout the year. Notably, the “Hamster Kombat” phenomenon earlier in 2024 caused a noticeable uptick in network usage, highlighting the workchain’s capacity to support various applications and drive engagement. Meanwhile, the masterchain serves as the network’s backbone. By storing global configuration data, validator states, and hashes from all workchains, the masterchain ensures that the entire ecosystem runs smoothly. According to Darkfost, the ongoing growth of the masterchain highlights TON’s structural stability and increasing adoption. These factors collectively point to an ecosystem that has not only maintained but also expanded its operational scope amid broader market challenges. The analyst wrote: In conclusion, the TON ecosystem has developed impressively throughout 2024, maintaining robust activity and a solid TVL despite a general decline in crypto market interest. TON appears to have established itself in the crypto ecosystem for the long term. Featured image created with DALL-E Chart from TradingView
Forget $1—Expert Says XRP’s True Value Could Be $10,000 And It’s ‘Not Crazy’
Este artículo también está disponible en español. A popular cryptocurrency has once again captured the attention of many crypto investors after some experts started discussing the potential long-term valuation of the digital asset. Prominent market analysts believe that XRP could possibly reach $10,000 per coin, saying that the notion is “not a crazy” prediction but a conservative one. Related Reading Realistic Price Several crypto analysts argued that a valuation forecast of $10,000 is feasible which they believe could be fueled by institutional adoption and its potential role in global finance. “$10,000 XRP isn’t crazy. It’s conservative,” Rowen Exchange said in an X post. The crypto analyst showed a number of reasons why the $10,000 price target for XRP is a conservative figure. Institutional Adoption According to Rowen Exchange, one of the strongest arguments that XRP could reach $10,000 is the token’s adoption. The crypto analyst explained that the token has experienced exponential growth in its institutional adoption. $10,000 XRP isn’t crazy. It’s conservative. pic.twitter.com/465NEEhYGm — Rowen Exchange (@RowenExchange) February 11, 2025 Rowen Exchange pointed out that once major banks, payment processors, and governments increase their usage of XRP for cross-border payments, the demand for the tokens is expected to soar leading to a price surge. The crypto expert said that XRP has a total supply of 100 billion coins. However, Rowen Exchange noted that only half of the token’s total supply is actually circulating in the market because of escrow releases and long-term holdings. XRP market cap currently at $154 billion. Chart: TradingView.com The analysts theorized that once institutions start hoarding the token for liquidity purposes, it is predicted that it would result in a supply squeeze which might push the price to go up. Rowen Exchange added that institutional adoption is different from retail-driven speculation because it can provide sustained liquidity and volume, leading to an ascending price over time. Although $10,000 could be a conservative estimate, XRP would be required to grow by over 362,000% to reach that price target from its current price of $2.76, something skeptics see as a long way to go for the token. Related Reading ‘Highly Unlikely’ Meanwhile, a crypto community member commented on Rowen Exchange’s post saying that the $10,000 price target is “highly unlikely.” The crypto investor disagrees with the prediction arguing that in order for XRP to reach $10,000, the token would need to have a market cap of $1 quadrillion, arguing that it is “unrealistic” since the market cap of the entire cryptocurrency is about $3 trillion, as of 2024 while the global economy has around $100 trillion. However, another crypto analyst believes that market capitalization is irrelevant in XRP’s potentially reaching $10,000, explaining that market cap does not matter because the token’s value is utility and not speculation. The analyst added that XRP can facilitate massive global transactions efficiently, claiming that the token is built for the next era of global finance. Featured image from DALL-E, chart from TradingView
Chainlink’s 40% Drop In The Past Month: Analyst Assess the Path to Recovery
Over the past month, Chainlink (LINK) has struggled under the weight of a bearish market sentiment. The asset has experienced a steady decline in value, with its price slipping below key support levels. This downtrend has raised questions among investors about the possibility of a rebound and whether recent shifts in network activity might signal a potential recovery. As LINK’s performance falters, some analysts have stepped in to assess its trajectory and what might come next. Analyst Outlook On Chainlink Ali, a renowned crypto analyst, recently shared his perspective on Chainlink’s current position. Highlighting a nearly 40% price drop over the past month in Chainlink’s price, Ali noted a network contraction that may point to reduced activity. He pointed out that LINK’s MVRV ratio—an indicator of profitability for recent traders—currently sits at a loss of 16%, a level that historically precedes a pause in selling pressure. This drawdown is also reflected in the MVRV Ratio, which tracks trader profitability. Right now, those who bought #LINK in the past 30 days are sitting at an average loss of -16%. This is a level that has historically marked selling exhaustion points.https://t.co/WQhXOhpqas — Ali (@ali_charts) February 19, 2025 This metric, combined with observations of increased whale accumulation, suggests a complex picture where short-term pain could lead to long-term opportunity. However, despite the prevailing market conditions, there are signs of renewed interest among major investors. Ali highlighted that whales have acquired over $20 million worth of LINK in just the last 24 hours, hinting at a potential shift in sentiment. For a confirmed rebound, Ali suggested that LINK must break above the $19 mark to target $23.70. However, he also cautioned that if LINK fails to maintain its current support near $15.50, a deeper correction could follow. Projections For LINK Another analyst, known as Crypto Elite, offered a more optimistic outlook. According to Elite, the prolonged downtrend for Chainlink that began in 2021 has recently been broken, providing a foundation for future gains. Elite identified ambitious price targets at $53, $100, and even $144, suggesting that the current phase might represent the early stages of a significant upward move. ChainLINK is Gearing Up for a Massive Move! The downtrend from 2021 has finally been broken, and we’re holding strong above it. Targets I’m watching closely: 1⃣ $53 2⃣ $100 3⃣ $144 The momentum is building—stay tuned for what’s next!$LINK #LINK #Link $Link pic.twitter.com/rvoTNXiSaV — @CryptoELlTES (@CryptooELITES) February 7, 2025 Notably, the coming weeks will be critical for Chainlink as it attempts to stabilize and possibly regain lost ground. It would be worth watching closely to see whether LINK can hold key support levels, sustain whale interest, and eventually climb past pivotal resistance points Featured image created with DALL-E, Chart from TradingView