• CRV’s token price has increased by 107% since the beginning of the current bull cycle.
• A surge in daily trading volume of 200% during the last 30 days hints at increased utility of the altcoin.
• Whale transactions exceeding $1 million have increased, indicating a strong belief in continued price growth.

The crypto market has seen a tremendous surge in the value of Curve Finance’s CRV token in the past 30 days. After exchanging hands at $1.08 at press time, the altcoin’s value has increased by 107% since the beginning of the current bull cycle. This remarkable increase in value is being sustained by a surge in daily trading volume, which has gone up by 200% in the last month, according to data from Santiment.

The increase in activity has led to an increase in the number of whale transactions exceeding $1 million. Such an increase is usually seen as a bullish indicator, suggesting that bigger stakeholders have faith in the token’s continued price growth. An analysis of CRV’s supply distribution showed that the recent price surge was mainly fueled by CRV token holders in the 1 to 10,000 range. This group increased their token accumulation, causing their count to rise by 2% in the last month. On the other hand, bigger stakeholders that hold between 10,000 to 10,000,000 CRV tokens reduced their holdings during the period under review.

However, despite the strong bullish sentiment, CRV’s open interest has been on a decline in the past seven days. At $58.56 million at the time of writing, the open interest has fallen by 24.6%, indicating that buyers can no longer support the price rally. This could lead to a price correction in the near future. Nevertheless, the altcoin’s impressive rally shows that it has a bright future ahead.

• The price of Cardano [ADA] has returned to its pre-FTX collapse level, having increased by 44% since the beginning of the year.
• The coin has seen increased accumulation since the 2023 trading year commenced, with momentum indicators pegged at overbought highs.
• The asset’s On-balance volume (OBV) is also in an uptrend, suggesting that buying pressure is more significant than selling pressure.

The cryptocurrency market has been on a bull run since the start of the year, with many coins rallying significantly in value. One of the leading layer 1 coins, Cardano [ADA], has seen its price return to pre-FTX collapse levels, having increased by 44% since the beginning of the year.

Coin accumulation has also rallied significantly in the last three weeks, with ADA trading at the $0.36 price level during the intraday trading session on 21 January. This marks the first time the coin has reached this level since the fallout of FTX in early November 2022. ADA closed the 2022 trading year at $0.24, having declined by 33% since FTX collapsed.

To gauge the strength of the coin’s current rally, momentum indicators have been observed. At the time of writing, ADA had seen its Relative Strength Index (RSI) and Money Flow Index (MFI) pegged at overbought highs of 73.29 and 76.29 respectively. This gradual spike in these indicators reveals that ADA has seen increased accumulation since the 2023 trading year commenced.

The asset’s On-balance volume (OBV) has also been noted to be in an uptrend. At the time of writing, it was spotted at 43.517 billion, having gone up by 5% since the year started. An increase in an asset’s OBV suggests that buying pressure is more significant than selling pressure, and that more volume is being traded in the market.

As the cryptocurrency market continues to rally, it remains to be seen how ADA will perform in the long run. Nevertheless, its current rally indicates that more investors are taking a bullish stance on the coin, and are optimistic about its future prospects.

• Ethereum has successfully achieved another milestone of having more than 16 million ETH deposited into the Beacon Chain staking contract.
• Last week, ETH whale activity reached a new level with the fifth-largest accumulation day in a year recorded.
• Ethereum has typically outperformed Bitcoin and buying ETH must be a sound investment in the long term.

Ethereum has recently accomplished an important milestone by having more than 16 million ether (ETH) deposited into the Beacon Chain staking contract on the Ethereum blockchain. This amounts to roughly $22.38 billion at the current pricing and more than 13.28 percent of the whole ether supply. According to Edul Patel, CEO and co-founder of Mudrex, this achievement comes about two years after the establishment of Ethereum’s staking contract in 2020.

Ethereum’s switch to a proof-of-stake network has been a success, and the activity of ETH whales has been increasing since the #FTX debacle in early November. According to a Santiment report, the number of 100 to 100k ETH addresses is at a 20-month high. The ETH price has undergone a significant correction, yet the whales have been buying at every decline. Last week, the fifth-largest accumulation day in a year was recorded, with the Ethereum whales continuing to build up.

The argument for buying Ethereum is strengthened by the fact that Ethereum has typically outperformed Bitcoin. As such, investing in Ethereum must be a sound investment in the long term. The Ethereum network is continuously growing, with more and more people joining and taking part in the staking process. With the successful switch to a proof-of-stake network, Ethereum has achieved a major milestone and is proving to be a reliable and secure blockchain network.

• Bitcoin Satoshi Vision (BSV) has seen a 5% decline in price recently.
• Robinhood’s delisting plans contributed to the downward price movement of BSV.
• Selling pressure spiked the volume metric as $77 million was traded over the timeframe.

Bitcoin Satoshi Vision (BSV) is a fork of Bitcoin Cash (BCH) that is known as “Satoshi’s Vision”. It is characterized by its larger block size, which leads to lower transaction costs, setting it apart from other variants of Bitcoin such as Bitcoin Cash (BCH). On 11 January, it experienced a 5% decline in its price, leading to investors’ assets being reduced in value by over 5% within a 24 hour period.

The downward trend in price has been attributed to the prevailing sentiment on the market, as well as an announcement from the stock and cryptocurrency trading platform, Robinhood. On 11 January, Robinhood announced that it would be ceasing support of Bitcoin SV and delisting it later in the month. As of 25 January, customers will no longer be able to trade, purchase, or otherwise deal with Bitcoin SV, with any remaining BSV in customer accounts automatically being sold and credited to their accounts.

In addition, the volume metric as per Santiment’s volume metric revealed that over $77 million was traded over the timeframe, with this being the highest volume of transactions documented in the year. This indicates that the selling pressure has increased significantly, which is likely to contribute to the downward trend in price.

Overall, the downward trend in price for Bitcoin Satoshi Vision (BSV) is likely to continue due to the sentiment on the market, Robinhood’s delisting plans, and the increase in selling pressure. It remains to be seen what effect these factors will have on the price of BSV in the future.

• AVAX witnessed a 20% surge in price in the last 10 days
• Bulls could target a crucial supply zone at $14.0
• BTC’s rally could bolster AVAX bulls to break the $12.97 hurdle

Recently, Avalanche [AVAX] witnessed an impressive surge of 20% in its price over the past 10 days. Starting from $10.85, the cryptocurrency has managed to break the $12.97 resistance level and reached $12.97. The Relative Strength Index (RSI) on the daily chart indicates that buying pressure has increased steadily in the past 10 days, indicating that bulls have the upper hand.

However, AVAX bulls could face intense opposition from sellers if it hits the supply zone at $14.0. Investors with diamond hands could wait and sell off at this zone. On the other hand, bears could gain more influence before AVAX reaches the supply zone.

As for Bitcoin, it faced rejection at $17.50K but could be bolstered if the US Consumer Price Index (CPI) announcement on January 12 favors traditional stock markets. Such a BTC rally could boost AVAX bulls to overcome the $12.97 hurdle and target the supply zone above.

Overall, AVAX bulls have a good chance of reaching the $14.0 supply zone if the BTC rally can help them break the $12.97 resistance. On the other hand, bears could gain more influence before AVAX reaches the supply zone. So, investors must keep an eye out for the price action and the news surrounding BTC and AVAX before taking any positions.

• GALA is an Ethereum-based asset that has seen a significant price increase of 194% since 30 December, reaching a new high of $0.048 since mid-September.
• The surge in GALA’s price can be attributed to the rise in whale transactions involving the token, with the count of whale transactions involving GALA that exceeded $100,000 and $1 million increasing by over 10,000% and 500%, respectively.
• Network activity for GALA has also seen an increase, with the count of unique addresses trading GALA tokens daily witnessing a surge and the count of daily active addresses trading GALA increasing by 500%.

GALA, an Ethereum [ETH]-based asset, has seen a remarkable price jump of 194% since 30 December, reaching a new high of $0.048 since mid-September. The impressive surge in GALA’s price can be attributed to increased whale activity, with the count of whale transactions involving GALA that exceeded $100,000 and $1 million increasing by over 10,000% and 500%, respectively. Similarly, network activity for GALA has also seen an uptick, with the count of unique addresses trading GALA tokens daily witnessing a surge and the count of daily active addresses trading GALA increasing by 500%.

The bulls driving the GALA rally may have reached their peak, as profit-taking has commenced. This has resulted in a decrease in the altcoin’s price, although it is likely to remain stable at its current levels in the short-term. The surge in GALA’s price has been an exciting development for the altcoin community and has cemented GALA’s place among the top altcoins experiencing growth in 2023.

To understand the surge in GALA’s price, it is important to consider the role of whale transactions. Whales, or large investors, are responsible for the majority of trading activity in the cryptocurrency market and their activities can have a significant impact on price action. Per Santiment, since the year began, the count of whale transactions involving GALA that exceeded $100,000 and $1 million went up by over 10,000% and 500%, respectively. This influx of capital into the GALA market has been the driving force behind the rally, as increased demand for the token has resulted in a surge in its price.

Network activity for GALA has also seen an increase, which is another factor that has contributed to the altcoin’s price surge. As of 9 January, the count of unique addresses trading GALA tokens daily has increased by 500%. This indicates that new investors are entering the GALA market, attracted by the potential of the asset and its recent price performance. Similarly, the count of daily active addresses trading GALA has also seen an increase, suggesting a rise in trading volume in the GALA market.

Overall, GALA has been one of the top performers in the cryptocurrency market in 2023, with its price increasing by over 100% since the end of December. This surge in GALA’s price has been driven by increased whale activity and rising network activity, which is indicative of increasing investor interest in the altcoin. However, profit-taking has commenced and a price drawback is imminent, so investors should exercise caution when trading GALA.

• Fantom has passed a governance proposal to monetize gas fees for dApps on its network.
• The proposal was voted for by 55.9% of the Fantom community.
• The move is part of Fantom’s plan to optimize demand for block space and reward quality creators on its network in a sustainable way.

Fantom, an open-source smart contract platform, has recently announced that it has passed a governance proposal to monetize gas fees for decentralized applications (dApps) on its network. This move is seen as a step forward in the realization of Fantom’s 2023 roadmap and is expected to help the platform grow its revenue.

The proposal was voted for by 55.9% of the Fantom community, with 99.8% voting in favor and 0.1% in opposition. The move is part of Fantom’s plan to optimize demand for block space and reward quality creators on its network in a sustainable way. This is similar to how revenue is generated in Web2 through ad monetization, but adjusted to incentivize developers building on the Fantom network. According to the Fantom Foundation, this implementation will help attract and retain high-performing dApps on its platform.

Fantom’s co-founder Andre Cronje has previously disclosed the project’s plans for 2023, in which he stated that the project’s goal is to move to the next phase of growth. This announcement will no doubt help them in achieving this goal.

The project has experienced some turbulence in the first half of 2022, however this new development has given them a much needed boost. With the implementation of this new proposal, the project is hoping to make progress in its roadmap and reach the goals that it has set out for itself.

In conclusion, Fantom’s announcement to monetize gas fees for dApps on its network is a big step in the right direction. The move is expected to help the platform grow its revenue, optimize demand for block space, and reward quality creators on its network. This is a move that is likely to garner the attention of developers and encourage them to build on the Fantom network.

• Polygon has set up a clearer path for investors thanks to prediction markets and the whale activity of MATIC has slowed down.
• 2022 was a great year for Polygon and MATIC, with key developments such as Bhavish Finance’s No-Loss prediction market.
• ETH whales have made a move on MATIC, entering it in the list of the top 10 most purchased tokens among the 100 biggest ETH whales.

The blockchain network Polygon has set up a clearer path for investors in the last week of December due to the introduction of prediction markets. This helps investors to get a better idea of what to expect in the near future. MATIC, the native token of the network, has also seen a decrease in whale activity in the same week.

The year 2022 was a great one for Polygon and MATIC, with the introduction of new partnerships and developments. One of the most notable developments was the launch of Bhavish Finance’s No-Loss prediction market for Polygon. This was a key development for the network and its latest update revealed important milestones for the network, such as the total number of predictions surpassing 1.2 million and the number of weekly active users surpassing the 1,100 mark.

The positive news continues for Polygon as the year 2023 begins, with ETH whales making a move on MATIC by entering it into the list of the top 10 most purchased tokens among the 100 biggest ETH whales. This is a great opportunity for investors as MATIC could potentially reach Bitcoin’s market cap, leading to a 45.12x hike in the token’s value.

Polygon is looking to continue building on the achievements of the last year and this could be the year that it finally reaches its potential. With the help of its prediction markets, partnerships, and new developments, Polygon is sure to be one of the best investments of the year.