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Explore the unique challenges of moderating GitHub, including data updates, DMCA takedowns, and the evolving landscape of open source software. (Read More)
Render has shown a sharp jump of more than 23% during the last week as on-chain data shows the large hands have continued to buy. Render Has Enjoyed Bullish Momentum Over The Past Week The cryptocurrency sector as a whole has witnessed an uplift recently, but Render has been among the altcoins that have really stood out from the rest. Whereas Bitcoin (BTC) and Ethereum (ETH) have only seen weekly profits of around 3% and 9%, respectively, RENDER has shown an impressive 23% jump. Related Reading: Dogecoin Wins Over Major Demand Zone: Path To $0.15 Now Clear? The below chart shows how the recent performance of the asset has been like. Following this sharp growth, Render’s price has now neared the $6.5 mark for the first time in four weeks. In terms of the market cap, the asset has seen its valuation touch $3.3 billion, placing it at the 29th place on the top cryptocurrencies list. The coin is now chasing Pepe (PEPE), which is the 28th largest asset in the sector with a market cap of around $3.9 billion. Though, considering the 18% difference in their valuations, it wouldn’t be an easy task for RENDER, especially since PEPE generally shows a notable rise of its own when the market goes up. As for what could be behind the latest growth that the cryptocurrency has enjoyed, perhaps on-chain data can provide some hints. Sharks & Whales Have Been Busy Buying The Token Recently According to data from the on-chain analytics firm Santiment, the Render sharks and whales have participated in some considerable accumulation during the last eleven weeks. The indicator of relevance here is the “Supply Distribution,” which tells us about the amount of supply that a given wallet group on the network is holding right now. In the context of the current topic, the cohort containing addresses who own at least 100,000 tokens is of interest. At the current price of the coin, this cutoff is equivalent to just under $650,000, which is a significant amount. As such, this group corresponds to the large hands of the market, popularly known as the sharks and whales. Below is the chart shared by the analytics firm, which shows how the Supply Distribution for these investors carrying 100,000+ coins has changed over the last few months: From the graph, it’s apparent that the supply held by the Render sharks and whales has witnessed a considerable increase over the last eleven or so weeks. More specifically, these investors have added 20.54 million tokens to their wallets, equivalent to 3.7% of the total supply. Related Reading: Bitcoin Correlation With Gold Now At Highest Level Since March The buying spree from this cohort has continued during the latest price surge and thus, could be at least a factor behind why it has taken place. Featured image from Dall-E, Santiment.net, CoinMarketCap.com, chart from TradingView.com
HKMA and NDRC held a seminar to enhance Mainland enterprises' cross-border financing in Hong Kong, aiming to strengthen offshore debt issuance. (Read More)
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.
Kam Punia, founder of Fableborne developer Pixion Games, highlighted how mobile games succeed in emerging markets. In Focus: Kam Punia is the Founder and CEO of Pixion Games, a gaming studio known for developing competitive multiplayer experiences Fableborne is a free-to-play, multiplayer action role-playing game with strategic base-building elements. It is being developed by Pixion...
OKX Singapore also announced that it has hired Gracie Lin as its CEO. Lin previously worked at the Monetary Authority of Singapore.
A look at the history of the American and global Labor Movement, and the parallels between Bitcoin's and the labor movement's evolutions.
Borderless third fund targeting DePIN projects is backed by Peaq, the Solana Foundation, Jump Crypto and IoTeX. The DePIN market is expected to reach $3.5 trillion by 2028.
The Framework Ventures-backed platform has surpassed $150 million in TVL, despite a wider downtrend in the NFT market.
$WHALE token Stage 1 was announced last month, which gives early adapters and active community members the opportunity to gain tokens via a “invite a friend” program. In the short time over 200k tokens have been claimed with Stage 1 and it’s still ongoing. Stage 2 was released few days ago. According to the recently […]
The post Whale is launching a play-to-earn tokens game appeared first on CoinJournal.
Increasingly more industries are adopting blockchain technology to grow their brand awareness, including luxury car makers.
While Buterin believes pluralistic philosophy can enhance existing systems, he acknowledges that it cannot replace them.
Investors who purchased NFTs just a few years ago may have reason to regret their decision.
The Cambodian central banks Soramitsu-backed digital payment system is continuing to expand.
Nicholas joins Meta as an executive mixed reality producer for entertainment experiences.
Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoins chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a video posted on his YouTube channel that Bitcoin is at risk of dropping lower [...]
The post Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000 appeared first on Crypto Breaking News.
Bitcoin could rise due to a weaker job market, but Bitcoin ETFs are on track to their third consecutive week of net negative outflows.
The issues with liquidating the WEMIX stablecoin were not detailed, but the blockchain game producer has problems enough to choose from.
Holographs internal investigation, aided by Halborn, revealed a former contractors role in the $14 million token heist.
An ApeCoin DAO member proposed the renovation of an existing hotel in Bangkok, Thailand, with Bored Ape Yacht Club NFT collection as its theme.
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