Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses

Vitalik Buterin noted that Celos second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

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Bitcoin Addresses Holding Over 0.1 BTC Near All-Time High Amid Price Dip

Investors are capitalizing on the recent price decline by accumulating more BTC.

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Polygon On-Chain Activity Lights Up: MATIC Reversal Incoming?

On-chain data shows that some activity metrics related to Polygon have surged recently, which could be positive for the asset’s price. Polygon Active Addresses & Age Consumed Have Spiked Recently In a new post on X, the on-chain analytics firm Santiment discussed the latest trend in two MATIC indicators. The first is the “Daily Active Addresses,” which tracks the total number of addresses participating in some kind of transaction activity on the network every day. The unique number of active addresses can be considered the same as the unique number of users participating in network activities, so the value of this metric tells us about the amount of traffic that the blockchain is observing right now. Related Reading: Bitcoin Plummets To $59,000, On-Chain Data Reveals Why When the indicator’s value rises, more users are becoming active on the network. Such a trend implies that cryptocurrency is attractive to investors. On the other hand, the metric registering a decline suggests investor interest in the asset could be declining as fewer users make transfers on the blockchain. Now, here is a chart that shows the trend in the Daily Active Addresses for Polygon over the past few months: The above graph shows that the Polygon Daily Active Addresses has recently experienced a surge. At the peak of the latest spike, 3,369 MATIC addresses made transactions on the network, the second-highest value for the year. Thus, investors appear to have been actively engaged on the network recently. It can generally be hard to say what the consequences of such activity may be for the asset, as both selling and buying activity would be flagged up in the indicator. One thing that can generally be said is that high user activity may lead to cryptocurrency volatility. In the current case, though, there may be one other hint: the surrounding price action. Interestingly, the largest spike in the indicator only came just after MATIC’s latest price decline, which could imply that investors may be rushing to buy the dip. If this is the case, then Polygon could benefit from a turnaround in the activity. The second indicator in the chart is the “Age Consumed,” which tells us whether dormant coins are on the move. From the chart, it’s visible that a large number of old tokens appear to have moved on the network during the latest activity rush. This can be a mixed signal, as it could suggest that the asset’s diamond hands are selling. It’s also possible that these investors have only shifted the coins for some other activity, as the last Age Consumed spike of a similar scale proved bullish for Polygon. Related Reading: Litecoin Sees Sudden Exodus Of Retail Investors: Why This Can Be Bullish Given the spikes these on-chain indicators have witnessed, how the coin develops from here remains to be seen. MATIC Price Polygon’s price has plunged almost 17% over the past week to $0.43. Featured image from iStock.com, Santiment.net, chart from TradingView.com

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Base hits 4M active addresses amid Onchain Summer campaign

Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year. 

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Bitcoin Bull Cycle Likely To Go On Till Mid-2025: CryptoQuant CEO

The CEO and founder of the on-chain analytics firm CryptoQuant has explained how this Bitcoin bull cycle could probably last till mid-2025. Profit-Taking From Old Bitcoin Whales Lasted For 18 Months In Previous Cycles In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a pattern that old whales have followed in terms of profit-taking during the past cycles. “Old whales take profits during bull markets,” notes Young Ju. “Their selling brings new capital into accumulation addresses, raising realized prices.” Accumulation Addresses refer to the Bitcoin wallets that have no history of selling. These addresses also have a few other conditions, such as they must have at least two deposits and shouldn’t be connected to miners or centralized exchanges. They should also carry a balance of at least 10 BTC, and their last transaction should have been within the past seven years. Related Reading: Shiba Inu, XRP Forming Bullish Divergence, Analytics Firm Reveals The Accumulation Addresses basically reflect the perennial HODLers of the market, who only buy more and never sell. During bull markets, as old whales break their silence to harvest their profits, demand from these HODLers absorbs the selling. To display this trend, the CryptoQuant CEO has made use of the “Realized Price” metric, which keeps track of the cost basis of the average investor belonging to this cohort. When the value of this indicator is above the spot price of the cryptocurrency, it means the cohort as a whole is in a state of unrealized loss right now. On the other hand, it being under BTC’s value implies these diamond hands are currently carrying profits. Now, here is a chart that shows the trend in the Realized Price for the Bitcoin Accumulation Addresses over the past decade: As shown in the above graph, the Realized Price for this cohort observed a rise during the last two Bitcoin bull runs. This would suggest that these HODLers were buying as prices were going up, thus raising their average cost basis. This accumulation likely corresponded to profit-taking from other entities in the market. As Young Ju has pointed out, this profit-taking spree lasted for about 18 months in these past cycles. Related Reading: Bitcoin Crashes To $64,000: Will This Historical Support Hold? From the chart, it’s visible that the indicator has once again started showing an uptrend with the price rally this year. This would suggest that the Accumulation Addresses are back to absorbing profit-taking from old whales. So far, this rise has lasted for around four months, which means that there could still be around another fourteen months of it left, if the last two cycles are anything to go by. Based on this, the analyst thinks this latest Bitcoin bull cycle could end up running into mid-2025. BTC Price Bitcoin has edged close to the $70,000 level during the past day after observing a surge of around 3%. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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Ethereum and layer-2 addresses surge 127% this year Glassnode

While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024.

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Cardano (ADA) Soars To New Levels: IOG Unveils Explosive Growth In Key Metrics

In a recent weekly report by Input Output Global (IOG), the engineering development company behind Cardano (ADA), significant growth for the blockchain has been unveiled. The report highlights notable achievements in Total Value Locked (TVL), transactions and the increasing number of projects being built on the network. Thriving Cardano Ecosystem Per the report, Cardano has reached a milestone of 94 million transactions, showcasing the network’s growing adoption ahead of scheduled upgrades later this year. The report also discloses a TVL of 548.4 million in ADA, further emphasizing the network’s growth. Data from DefiLlama confirms this, with on-chain data showing over 26,000 active addresses in the last 24 hours and a TVL in USD of $239 million. However, this is much lower than the annual high in TVL in USD terms of nearly $500 million recorded in March.  Related Reading: US Spot Ethereum ETFs Poised To Draw $1.2 Billion Monthly: Research Firm IOG’s data also reveals that Cardano currently hosts over 1,300 projects and boasts over 10 million active tokens. Additionally, showcasing the networks appeal, there are over 67,000 Plutus scripts, enabling the creation of decentralized applications (dApps) and smart contracts within the Cardano ecosystem. Upcoming Releases And Updates The report also sheds light on the current focus of the ledger team as they await the Chang upgrade. Efforts have shifted toward extensive testing, including writing unit tests and conducting conformance testing.  On the wallet and services front, the Lace team is preparing for the release of Lace v1.14 in the coming weeks, promising updates and improvements. The report notes that the Hydra team has progressed on incremental decommits, refining specifications and enhancing documentation.  The Mithril team also released a new distribution with support for Cardano node v9.0.0 and continued working on certifying Cardano transactions within Mithril networks. Cardano’s progress extends to the Voltaire & Sanchonet domains with the release of Cardano node v9.0.0. Users are encouraged to upgrade to this version in preparation for the Chang upgrade.  Lastly, IOG disclosed that the Intersect team has been actively updating the community on the latest Cardano node release, the Chang timeline, and the Intersect’s constitutional council confirmation. ADA Trading Volume Surges At the time of writing, ADA is currently trading at $0.429 due to its continued growth over the past month and the market’s recovery over the same period.  Additionally, CoinGecko data shows that the token has seen a spike in trading volume of $628 million over the past few days, representing a 154% increase in market activity for ADA. Related Reading: Early Signs Of Breakout Solana To Explode By 900%, According To Analyst Further supporting the bullish sentiment and growth witnessed over the past month, ADA is currently trading above the key 200-day exponential moving average (EMA), following the 18% surge recorded over the past two weeks that saw it cross this key indicator at $0.423. Notably, this supported the price over the weekend, with successful tests for three consecutive days preventing another retracement.  Conversely, the $0.459 level may be the next resistance in ADA’s growth path, preventing a rise towards the next resistance on the daily ADA/USDT chart at $0.483 before retesting the $0.500 level.  Featured image from DALL-E, chart from TradingView.com

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XRP Adoption & Activity Spike: What This Means For Its Price

On-chain data shows XRP is observing a spike in its adoption and network activity. Here’s what this could mean for the asset. XRP New Addresses & Active Addresses Have Both Spiked According to data from the on-chain analytics firm Santiment, XRP has seen two metrics hit the highest levels since March recently. The first indicator [...]

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Litecoin Overtakes Ethereum In This Metric Whats Happening?

The price of Litecoin (LTC) has had a disappointing performance in the second quarter of 2024, despite making a positive start to the year. The cryptocurrency has been facing significant bearish pressure in the past day, with its price falling by nearly 5% in a single move. Despite LTCs apparent struggles in terms of price action, its network has witnessed remarkable growth in recent weeks.  LTC Addresses Spike By 75% In A Single Day According to data from the on-chain analytics firm IntoTheBlock, activity on the Litecoin blockchain has been on the rise lately. On Thursday, June 8th, the number of active addresses on the network surged by over 75% to claim above 600,000. Related Reading: Is A Bitcoin Crash Below $50,000 Still Possible? Crypto Analyst Shares The Possibilities IntoTheBlock revealed – via a post on the X platform – that this latest spike in addresses pushed the Litecoin network to a new high since January. This suggests increased interest in the LTC blockchain despite its coins price struggles. When the number of addresses with a balance increases, it implies the entry of fresh investors or the return of old owners to a blockchain (Litecoin, in this case). It is often a strong indication of net adoption or rising faith in a particular network. Interestingly, the crypto intelligence firm highlighted that this recent growth spurt has propelled Litecoin ahead of the smart contract platform Ethereum in terms of active addresses. The network is well ahead of Ethereum by at least 100,000 addresses, according to IntoTheBlock. The number of active addresses is not the only area in which Litecoin has seen growth in the past day. The volume of transactions also experienced a significant increase. According to IntoTheBlocks data, the number of LTC transactions surpassed 426,000 on Thursday. The on-chain analytics platform noted: While most of the increase is due to transactions smaller than $10, there is a noticeable rise in transactions of all sizes. Impact On Litecoin Price Strong fundamentals and network growth have been known to drive the price of crypto assets in many scenarios. In simple terms, an increase in network activity and users often translates to an increase in the networks valuation. Related Reading: Injective (INJ) Price Set To Skyrocket 33% On Classic Bullish Signal: Crypto Analyst However, the impact of network fundamentals on asset prices is never straightforward. In Litecoins case, there has been no significant positive development in its price since the latest on-chain revelation.  As of this writing, the price of LTC stands around $80.28, reflecting a 4.5% decline in the past day. Featured image from Getty, chart from TradingView

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Solana Records New Monthly User High Amidst Persistent Price Drop

Solana (SOL) has had a turbulent time lately evident with a consistent decline in its market price. According to data from CoinMarketCap, the Ethereum Killer is down by 6.36% on its weekly chart, emerging as the biggest loser among the top 10 tokens.  Interestingly, this price dip depicts the larger negative performance of SOL in which it has lost 24.61% of its value in the last month. However, amidst this mayhem, the Solana network has hit a significant milestone which may spark some excitement for investors. Related Reading: Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder Solana Records All-Time High Of 30 Million Monthly Users In an enthralling development for SOL enthusiasts, data from blockchain analytics platform Artemis shows the network has attained a new peak of 30 million active addresses (users). This development was shared on X on Friday by the data analysis handle SolanaFloor.   After reaching the 25 million mark in 2022, the  Solana blockchain experienced a steep decline in monthly active users going as low as 5 million in 2023. However, the smart contract platform has appeared rather attractive in 2024 with a steady rise in monthly users throughout the year so far.  In the crypto ecosystem, the importance of growth in network users stems mainly from an indication of growing market confidence from investors, which is quite vital considering SOL’s current price dip.  For the fifth largest cryptocurrency, this rise in the active addresses is likely due to the current hype around Solana meme coins – a $5.65 billion ecosystem that has provided investors with an avenue of recording insane trading profits.  In addition, an increase in network users can also translate into larger liquidity, more stable network security, and the development of more use cases, all of which are important features in attracting further investment and boosting a tokens value. Related Reading: Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know What’s Next For SOL? At the time of writing, SOL trades at $133.36 following a 0.34% decline in the last day. Furthermore, the tokens daily trading volume is down by 6.81% and valued at t $2.19 billion. For Solana, the bulls face strong resistance at the $151 price zone. If the buying pressure proves sufficient to push through this region. SOL could return as high as $190 over the next few weeks. However, a rejection at this zone could result in a further decline in the tokens price reaching as low as $120. All traders are reminded to perform due diligence before engaging with the cryptocurrency market. Featured image from The Independent, chart from Tradingview

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Toncoin (TON) Hits New ATH, Is $10 The Next Stop?

Toncoin (TON), the native token of The Open Network, has had one of the best performances this cycle. The token has hit a new all-time high (ATH) twice this Friday and flipped Ethereums active users this week. Market watchers believe this breakout and recent performance could set the stage for a rally toward the $10 [...]

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Toncoin (TON) Flips Ethereum In Daily Active Users, Fueling $10 Price Target Predictions

Toncoin (TON), the native token of The Open Network, experienced a 12% price drop from its recent all-time high of $7.76 over the past week, following the overall market correction led by Bitcoin (BTC).  However, despite the temporary setback, the optimistic sentiment surrounding TON and its network has led crypto analysts to speculate on a [...]

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Shiba Inu Stands Strong: Over 650K Wallet Addresses Still Profitable Amid Recent Price Drop

Shiba Inu (SHIB) has demonstrated resilience despite recent market downturns. Data reveals that roughly over 700 trillion SHIB tokens held by more than 650,000 wallet addresses remain profitable, reflecting steadfast confidence among holders in the tokens long-term value. Shiba Inu Market Resilience Amid Volatility Recent on-chain analytics have uncovered an interesting trend among Shiba Inu [...]

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Ethereum Addresses In Profit Nearly Doubles Since April Lows Volatility Returns

Ethereum is holding firm above the $2,500 level after weeks of strong buying pressure and bullish momentum, despite having lost more than 60% of its value since December 2024. The assets resilience comes at a pivotal time: Bitcoin has officially broken its all-time high, triggering optimism that a new phase of the market cycle is beginningone that could deliver explosive gains for altcoins. Related Reading: Solana Multi-Year Uptrend Holds Strong Analyst Sees SOL Breaking ATH This Year For Ethereum to fulfill its usual leadership role in an altcoin rally, it must break above current resistance zones and confirm a recovery structure. As price action continues to develop, analysts are watching closely for signals that ETH is ready to outperform once again. To illustrate just how deep the correction was, Sentora (formerly IntoTheBlock) shared a key metric: after Ethereums sharp sell-off that began in December, the share of addresses in profit plunged from over 90% to just 32% by April 2025. The rebound since then has been remarkable, but the road to a full recovery is still developing. If Ethereum can maintain support and reclaim higher levels, the stage may be set for a broader altseason that could reshape sentiment across the crypto market. Volatility Grows: Ethereum Eyes A Breakout Ethereum bulls have regained control after a turbulent few months, forming a bullish price structure as the asset attempts to reclaim the $2,700 level. The surge began with a clean breakout above $2,200, and despite recent volatility, Ethereum is showing signs of strength. On Sunday, ETH spiked above $2,550 before retracing to $2,400 in a sharp pullback. Since then, price action has stabilized, and with Bitcoin pushing into new all-time highs, Ethereum appears poised to follow. Analysts now expect a potential breakout if ETH can flip $2,700 into support. Momentum is building as selling pressure fades, and buyer confidence grows. Many view this as a key inflection point: if bulls sustain their push, Ethereum could reassert leadership in a market increasingly tilted toward altcoins. Supporting this bullish outlook is fresh on-chain data from Sentora. Following a brutal drawdown that began in December 2024, the percentage of ETH addresses in profit collapsed from over 90% to just 32% by April 2025. Since then, the recovery has been dramaticnearly 60% of addresses are now back in profit. According to Sentora, this level of volatility hasnt been seen since the explosive 2017 bull cycle. If Ethereum continues this trend and breaks out of its current range, it may not only confirm a strong recovery but also spark the next major leg of altseason. Related Reading: Litecoin Eyes $117.50 As Price Rebounds From Key Support Analyst ETH Tests Critical Resistance Ethereum is now trading at a pivotal level, having surged to $2,687 with a 5.3% daily gain. The chart shows ETH challenging its 200-day simple moving average (SMA) at $2,702, a key technical barrier that has historically acted as resistance. After multiple failed attempts to break past this level in recent weeks, todays bullish momentum puts ETH on the verge of a potential breakout.   The bullish structure is supported by strong upward volume, signaling renewed buyer interest. Notably, the 200-day exponential moving average (EMA), currently at $2,444, has provided solid support throughout May, creating a base for this upward push. If Ethereum decisively closes above the $2,700 region, it could set the stage for a rally toward $3,000 and beyond, confirming a shift in trend after months of bearish pressure. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest However, the price is still within a consolidation range, and bulls must hold above $2,600 to maintain this breakout potential. Failure to do so may result in a short-term retracement back to the $2,400$2,450 demand zone. Featured image from Dall-E, chart from TradingView

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Ethereum Gears Up for a $2,000 Breakout: Key Network Updates Driving Growth

Ethereum (ETH) is showing promising signs of a potential recovery after bearish pressures have persisted for several months. The second-largest digital currency by market capitalization is well-positioned to capitalise on several key factors. On the technical front, signal part there are signs of positive tren,d and on the demand side, higher institutional buying continues. These […]

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XRP Bullish Signal: Address Activity Spikes To Historical Levels

On-chain data shows the XRP active addresses metric has spiked to historical levels recently, a sign that may turn out to be bullish for the asset. XRP Daily Active Addresses Has Observed An Uplift Recently According to data from the on-chain analytics firm Santiment, address activity on the network reached its second and third-highest values [...]

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US Imposes Sanctions on Cryptocurrency Addresses Tied to Nemesis Darknet Marketplace

The United States imposes sanctions on the operator of a notorious darknet marketplace, known as the nemesis. The individual behind this illegal online platform has faced severe consequences for engaging in illicit activities and enabling criminal enterprises to thrive in the shadows of the internet. Despite the anonymity and encryption typically associated with darknet marketplaces, [...]

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Unlocking Crypto History: 2,000 ETH From Ethereums Genesis Days Suddenly Moved

In recent weeks, Bitcoin.com News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial [...]

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MakerDAO Stakeholder-Focused Updates Drive MKR Price Up By 10%

Blockchain protocol MakerDAO (MKR) continues to see significant gains, maintaining a strong upward trend throughout the year. MKR has seen significant growth of over 358%, accompanied by positive metrics reflecting increased adoption and usage of the protocol. In addition, upcoming voting initiatives aim to further increase the platforms benefits for its stakeholders. MakerDAO Announces Plans For [...]

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XRP Active Addresses Hit Highest Level Since April 2023 Will Price Follow?

XRP is trading above crucial support levels and showing signs of strength as the broader crypto market struggles with persistent selling pressure and macroeconomic headwinds. While many digital assets have suffered steep corrections in recent weeks, XRP has remained one of the most resilient performers, holding above key technical zones and attracting growing investor interest. Related Reading: Ethereum Trades At A Critical Level Major Reclaim Or Steep Drop Ahead? With market sentiment slowly recovering, many traders are eyeing XRP as a potential leader in the next wave of gains. Analysts believe that once the market stabilizes, XRP could be among the first altcoins to rally back toward previous highs. This optimism is supported by fresh on-chain data. According to metrics from Glassnode, the XRP network has recorded nearly 627,000 active addresses. This surge in network usage suggests growing interest and adoption, a bullish sign that often precedes price acceleration. High address activity typically indicates more users interacting with the network, whether through transactions, accumulation, or trading. If the broader market conditions improve, this spike in activity could fuel further upside for XRP. As it stands, XRP is positioned well above its key support range and looks primed for a breakout once bullish momentum returns to the market. XRP Network Activity Surges Bulls Defend Key Levels Macroeconomic uncertainty and surging volatility continue to shake both the crypto and equities markets, fueling widespread fear and triggering panic selling across asset classes. U.S. trade war concerns, inflationary pressure, and erratic policy moves have kept investors on edge, leading to deep corrections in most cryptocurrencies. Yet, amid this uncertainty, XRP stands out with surprising resilience. Related Reading: Dogecoin Forms A Daily Bullish Pattern Analyst Expects A Breakout To $0.43 Compared to leading altcoins like Solana and Ethereum, which have both suffered notable losses, XRP remains at a strong technical level. Bulls have managed to defend key demand zones, and the current focus is on reclaiming critical supply areas to validate a new uptrend. The assets ability to hold support despite market-wide weakness has caught the attention of analysts and investors alike. Top analyst Ali Martinez shared on-chain data from Glassnode, revealing that XRPs network activity is surging. With nearly 627,000 active addressesthe highest since April 2023XRP shows signs of renewed adoption and usage. Historically, spikes in active addresses correlate with bullish momentum, as rising participation typically reflects investor confidence and transactional demand. If XRP maintains its support base and continues to show strength in network fundamentals, it could be one of the first altcoins to break out once market sentiment recovers. The rise in active addresses may be an early indicator that a larger move is on the horizon. Price Holds Strong After Small Rally Eyes Set on $3 Breakout XRP is trading at $2.41 after a volatile few days of sharp swings between support and resistance. The token surged over 33% from its recent low at $1.89, showing strong bullish momentum despite market-wide uncertainty. This rebound has placed XRP among the top-performing assets in the crypto space, attracting renewed attention from traders and analysts. The $2.30 level now stands as a key short-term support zone. If XRP holds above this level, bulls are likely to push toward the psychological $3 mark, which also aligns with a historical resistance area. A clean breakout above $3 could open the door for a rally toward range highs and potentially new all-time highs, depending on broader market sentiment. However, if XRP fails to maintain support at $2.30, a pullback into lower demand zones around the $2.00 or even $1.89 levels is possible. This would likely slow the pace of any recovery and increase selling pressure in the short term. Related Reading: On-Chain Data Signals Key Test For Solana At $135 Level Insights For now, XRPs price structure remains bullish, but maintaining momentum will depend on holding above key levels as the broader market stabilizes. All eyes are on the next move. Featured image from Dall-E, chart from TradingView

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