Litecoin Price Analysis: Resilience and Long-Term Optimism Amid Recent Downtrend
Litecoin Price Analysis: Long-Term Optimism Amid Recent Downtrend Amidst the ongoing volatility in the Bitcoin market and a significant decline in altcoin prices, there are key developments on the horizon that could influence investor sentiment in the coming week. These developme ...
Bitcoin Recovers from Black Swan Event, On-Chain Data Reveals
Bitcoin (BTC) has shown remarkable resilience in the face of what on-chain data is calling a "black swan" event. This event has drawn comparisons to the significant crash that occurred in March 2020 during the early days of the COVID-19 pandemic. On-chain analytics platform CryptoQuant recently h ...
PayPal’s Stablecoin PYUSD Struggles with Adoption Challenges, On-Chain Data Shows
PayPal recently released stablecoin PayPal USD (PYUSD) is facing challenges gaining traction, on-chain data reveal. According to findings from blockchain analytics firm Nansen, roughly 90% of PYUSD is currently held in stablecoin issuer Paxos Trust's wallets. Holdings on crypto exchange wallet ...
CryptoQuant Research Head Addresses Binance Bank Run Allegations with On-Chain Data Analysis
CryptoQuant Research Head Weighs in On Possibility of Binance Bank Run, Citing On-chain Data CryptoQuant Head of Research Moreno has provided data addressing concerns of a bank run on Binance amid growing allegations surrounding the exchange. Am ...
Bitcoin Network Fundamentals Remain Strong Despite Price Drop
Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week. The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind. Bitcoin mining difficulty ends slump Despite BTC/USD droppin ...
Will MATIC Fall Below $1? On-Chain Data Shows Lack of Interest in Polygon Network
In the midst of a downturn in the overall cryptocurrency market, the performance of Polygon has been less than stellar. However, on-chain data suggests that the MATIC rate may experience even more significant losses due to a lack of interest from retail investors. Polygon network is ...