Market indicators revealed the reasons behind SHIB’s underperformance SHIB’s metrics seem bullish, but the situation can get trickier for BONE Shiba Inu [SHIB], one of the market’s prominent memecoins...
Tag: Decoding
Decoding USDC’s current status after an initial fall of 13%
USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. government and ...
Decoding the latest USDC update- Are USDT and DAI safer bets
Circle’s new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, bought th...
Polygon: Decoding Starbucks’ Siren Collection launch and whales’ move
The latest NFT from Starbucks launched on Polygon on 9 March. MATIC whales conduct the highest volume of transactions in six months. Starbucks’ Siren collection, released on 9 March, was yet another h...
Decoding Ethereum’s current state ahead of Shanghai upgrade
Many ETH traders exited their positions out of the volatility fear. Interestingly, the number of transactions on the network declined. Ethereum, in the last month, enjoyed a rally as its prices surged...
Polygon [MATIC]: Can gaming activity improve DeFi woes? Decoding…
Gaming contributes immensely to Polygon’s activity. DeFi and DEX activity on the network declines. Polygon [MATIC] has shown high activity on its network over the past few months. One reason for the s...
Bitcoin Ordinals and how it relates to recent miner interest: Decoding…
Bitcoin’s hashrate reached a new all-time high on 26 February. Daily active users have increased over the past weeks and other metrics were bullish. Bitcoin [BTC] Ordinals crossed the benchmark of su...
What are Bitcoin [BTC] whales up to? Decoding…
BTC’s accumulation trend was interesting and could influence BTC’s price. On-chain metrics painted a neutral picture as a few of them supported the bulls. On 23 February, Santiment pointed out an int...
Decoding Cardano’s [ADA] weekly report for you to avoid losses
Cardano’s weekly development report went live highlighting the necessary updates. ADA’s performance on both the price and metrics front remained positive. The last week was quite happening for the Ca...
Decoding what’s behind Bitcoin’s [BTC] volatility as price touches $25k
Several funds/institutions poured nearly $1.6 billion into the crypto market since 10 February. The bears have taken over the market as BTC’s price plummeted. Bitcoin [BTC] surprised the entire crypto...
Decoding the mixed reactions towards BTC as CPI rose by 0.5%
CPI increased by 0.5% as the annual rate of inflation hit 6.4%. BTC witnessed a brief downtrend after the CPI report but recovered briefly after. The US Bureau of Labor Statistics issued its Consumer ...
Decoding if 1INCH could fall to sell pressure as whale transfers into exchange
A whale transferred two million 1INCH into Binance despite accumulating at a higher average price The token price declined with the technical outlook poised to fall further On 12 February, a whale tr...
Decoding AI Cryptos – All hype or is it the next big thing?
AI cryptos registered up to 16 times growth in the past few months. Most of the AI cryptos’ charts were green despite the ongoing bearish market conditions. Artificial Intelligence (AI) cryptocurrenci...
Decoding TRON’s [TRX] price performance in spite of bearish conditions
TRX’s performance on the price front remained better than many over the last week. Several developments and metrics might have played a role in TRX’s performance. On 10 February, TRON [TRX] announced ...
Decoding Lido Finance’s [LDO] hurdles in growth despite continued upgrades
LDO token holders’ revenue and TVL failed to show noticeable growth. Short-term selling wave pulled LDO down by 6% at the time of writing. Three days after introducing major new features as part of th...
Despite token airdrop, Optimism logs decline in user activity- Decoding ‘why’
Optimism conducted an airdrop of its governance tokens to over 300,000 wallets on 9 February. User activity, however, continues to decline. Despite an airdrop of 11.7 million OP tokens to over 300,000...
Decoding Ordinals NFT project on Bitcoin- Can it compete with ETH NFTs?
Bitcoin-native NFTs recorded a 25% growth in network fees. Bitcoin mining revenue rose sharply, powered by an increase in transactions. The new Ordinals NFT platform on Bitcoin [BTC] recorded exponen...
Decoding what APE’s increased accumulation means for the token
APE accumulation increased as price dropped. Indicators looked bearish and suggested a further downtrend. ApeCoin [APE] has been experiencing selling pressure for quite a few days, as was evident fro...
Bitcoin’s trillion dollar dream: Decoding if it can be a reality
ARK report predicts trillion dollar future for Bitcoin. Positive sentiment among investors and traders suggests a bright future for the king coin. The recent surge in the price of Bitcoin has reignite...
Ripple: Decoding recent developments around ‘XRP buyback’ theory
Whale accumulation registered a sharp uptick in January. XRP’s weighted sentiment dipped to negative levels. Pro-Ripple lawyer John E Deaton dissociated himself from the XRP’s buyback proposal and den...
How long can Shiba Inu [SHIB] remain in the long-term bracket? Decoding…
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. S...
BAYC and MAYC leads NFT market January rejuvenation- Decoding ‘how’
The Yuga Labs collections topped NFT sales in January. Interest in digital collectibles soared but BAYC and MAYC had lost their spots. Like inseparable sisters, the NFT market joined its counterpart, ...
Decoding ‘State of Avalanche Q4’ report for long-term AVAX holders
Avalanche’s daily activity was impacted by native projects. The NFT market underperformed. According to a report provided by Messari, projects on Avalanche observed significant improvements in Q4 of t...
Decoding Binance Coin’s [BNB] last 7-days’ highlights for traders
BNB’s weekly report mentioned all the updated statistics of the network. Metrics remained in BNB’s favor but the technical indicators favored the bears. Binance Coin [BNB] recently published the lat...
Decoding reasons behind CAKE’s sluggish performance in last month
PancakeSwap concluded its special Lunar new year jackpot event. Whale interest increased but price action remained dormant. Recently, PancakeSwap [CAKE] joined BNB and AvengerDAO to increase securit...
Solana’s NFT ecosystem shines bright but metrics struggle, decoding ‘why’
Solana registered growth in its NFT ecosystem over the last few days. Metrics did not react accordingly, but things might change soon. Solana [SOL] developers have been stepping up their game for a w...
Decoding the Future: A Technical Analysis of Ravencoin (RVN)
The coin is presently showing resistance at current price levels. The coin is currently trading close to its 200 Exponential Moving Average (EMA).The coin showed a good rally upside from its support l...
Decoding the Future: A Technical Analysis of LIDO DAO
Lido DAO from the past few days is in uptrend. The token has shown a great bull move after hitting its support level. The token has recently gone into a consolidation zone and a strong bull move is ex...
Decoding key reasons behind Bitcoin’s [BTC] January price rally
Identical BTC transactions on 5 January might have kickstarted the current rally. BTC flirts with the $23,000 region as it attempts to form a new support line. Recently, the price of Bitcoin (BTC) ros...
Could BNB suffer from FUD as mix-up causes bad press: Decoding…
A Bloomberg report has pointed out that Binance failed to separate users’ funds from collateral. BNB appeared to react negatively to the news, as minimal loss in value was seen. On 24 January, Bloombe...