Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
error code: 524
error code: 524
error code: 524
In September, the NFT ecosystem of the Ethereum layer-2 network Base gained significant attention, achieving the highest sales count among various collections, as reported by DappRadar. NFTs on Base secured five of the top 10 positions by sales count for the month, with DX Terminal and BasePaint taking the first and second places. This impressive performance underscored Base’s rapid growth as a hub for innovative NFT projects, encroaching on areas traditionally held by Ethereum and Polygon. Despite the increase in Base NFT sales, DappRadar data indicated that trading volumes remained heavily skewed towards Polygon and Ethereum collections. Polygon’s Courtyard topped…
Key points:Bitcoin’s entity-adjusted dormancy flow has fallen below 250,000, marking a historical buying opportunity.The short-term holder NUPL has turned negative, indicating seller fatigue.Chart patterns, including a V-shaped and double-bottom formation, suggest a potential price rise to $118,000-$124,500 in the near future.Bitcoin (BTC) is currently trading 5% above its recent low of $108,650, with three indicators implying that this may represent the local bottom for BTC.Entity-adjusted dormancy signals BTC bottomThe entity-adjusted dormancy flow, which measures the ratio of Bitcoin’s market cap to its annualized dormancy value (in USD), is a useful metric for identifying potential market bottoms.Related: Bitcoin bulls are back:…
Key points:Bitcoin is encountering three moving averages simultaneously on the daily chart after the gains at the start of the week.The significance of reclaiming these averages is heightened by the monthly and quarterly closes, according to analysis.Several factors contributing to BTC price volatility are emerging this week.Bitcoin (BTC) is currently facing three “key” moving averages, and its ability to sustain a bull run may hinge on overcoming these levels.Recent analysis shared on Monday by Keith Alan, co-founder of trading platform Material Indicators, emphasizes the importance of monitoring the upcoming daily closes.Bitcoin bulls aim for three support levelsDespite a notable bounce…
The Bitcoin community is divided over the decision made by Bitcoin Core developers to eliminate a cap on arbitrary data stored within transactions, a debate originating from a discussion initiated by Bitcoin’s creator, Satoshi Nakamoto, in 2010.Expected next month, the release of Bitcoin Core v30 will lift the 80-byte restriction on OP_RETURN, an opcode for saving arbitrary data (non-financial data) on-chain. This decision has sparked controversy, with some critics claiming that developers are succumbing to corporate pressures, while others believe that storing arbitrary data deviates from Bitcoin’s original purpose.This contention predates OP_RETURN, which was introduced in Bitcoin Core 0.9.0 in…
The Ethereum layer-2 network Base’s non-fungible token (NFT) ecosystem gained significant attention in September, achieving the highest sales count among collections, according to DappRadar data. NFTs on Base claimed five of the top 10 positions by sales count in September, with DX Terminal and BasePaint taking the first and second spots. This strong performance underscored Base’s swift emergence as a center for innovative NFT projects, encroaching on the space traditionally held by Ethereum and Polygon.Despite the rise in Base NFT sales, DappRadar data indicated that trading volumes largely remained with Polygon and Ethereum collections. Polygon’s Courtyard topped the month with…
error code: 524
Highlights:Bitcoin is contending with three moving averages in close proximity on the daily chart following gains at the start of the week.The importance of reclaiming these averages is amplified by the monthly and quarterly closing analysis.A range of factors contributing to BTC price volatility is emerging this week.Bitcoin (BTC) is facing three critical moving averages simultaneously — with the outcome for the bulls likely hinging on surpassing them.Recent analysis from Keith Alan, co-founder of trading tool Material Indicators, highlights the necessity of observing upcoming daily closes.Bitcoin bulls strive for support flipsDespite a strong rebound from about $109,000 to start the…