Quant Explains How Whales Moved Before And After Ethereum Merge
A quant has explained how the movement of whales differed between before and after the Ethereum merge went live. Ethereum Funding Rates Reached An All-Time Low Just Before The Merge As pointed out by an analyst in a CryptoQuant post, a lot of ETH investors bet on the price going down around the merge’s completion. The relevant indicator here is the “funding rate,” which measures the periodic fee that perpetual futures contract traders exchange between each other. When the value of this metric is positive, it means long investors are paying a premium to the short holders....
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Many people are already aware of the risks of trading or holding cryptocurrencies. Even those not overly concerned by the crypto market have some knowledge about the dangers. The volatility of certain digital currencies, such as Bitcoin and Ethereum, is why many individuals and firms seek ways to maintain the value of their assets. The Ethereum whales are no exception to this fact. Seeing the drop in the holdings of non-exchange addresses, ETH whales decided to move their holdings to on-exchange addresses. Related Reading: What The Negative Bitcoin Funding Rates Say About Investor Outlook....
Quant moved close to a six-month high on Saturday, as the token remained in the green for a second consecutive session. The rally comes as prices are now up by over 25% in the last seven days. Dogecoin was also in the green, as prices moved higher for a third consecutive day. Quant (QNT) Quant (QNT) was one of the notable gainers to start the weekend, as prices moved closer to a six-month high. QNT/USD raced to an intraday high of $146.52 on Saturday, less than a day after trading at a low of $138.40. Today’s high was marginally below Friday’s peak of $147.00, which is the....
The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio. We know that sometime between September 10th and 20th, the Merge will take place, resulting in the Proof of Stake “Beacon Chain” merging with the current Proof of Work Ethereum chain. While speculation surrounds whether Ethereum will fork and what may happen to DeFi protocols, stablecoins, NFTs and more, essential questions remain around the potential tax implications that Ethereum holders could incur. So....
Quant (QNT) is the first blockchain OS that enjoyed continued gains in the last week despite other coins facing turbulent times. The top-30 coin has enjoyed a five-day upswing, gaining over 34%. As of writing, Quant’s price is trading at $198, although it broke its $206 resistance during the day. The token is experiencing a resurgence that has seen it beat Bitcoin (BTC) and Ethereum (ETH) over the same period. However, it’s still trading at about 50% below its all-time high of $427.42. Related Reading: Crypto Won’t See Bull-Run Anytime Soon, This Expert Explains Why Why Is....
Ethereum was formerly developed as a PoW blockchain. However, it’s been planning to transition to PoS through an upgrade tagged the merge. The process, which has different phases, is almost getting to completion as the date for the merge draws closer. The target is September 15 and would finally merge the Ethereum mainnet and the […]