XRP Network Quiet: Adoption & Activity Plunge From 2024 Peak
Data shows the XRP blockchain has seen a steep drop in metrics related to activity and adoption, indicating that the earlier speculative wave has faded. XRP New Addresses & Active Supply Have Both Plummeted In a new post on X, on-chain analytics firm Glassnode has talked about the latest trends in the new addresses and monthly active supply of XRP. The former metric is a measure of the daily total number of wallets coming online on the blockchain for the first time, while the latter tracks the amount of the cryptocurrency’s supply that became involved in at least one transaction over....
Related News
According to a recent CryptoQuant Research post, Bitcoin (BTC) network activity has slumped to a 12-month low, with CryptoQuant’s Bitcoin Network Activity Index currently at its lowest level since February 2024. Bitcoin Network Activity Drops As Market Consolidates Data from CryptoQuant’s Bitcoin Network Activity Index shows that activity has declined by 15% from its peak in November 2024. As of February 5, the Index stands at 3,760, marking its lowest level in the past year. Related Reading: Bitcoin 4-Hour RSI Hits Oversold Zone – Is A BTC Rebound Near? The decline in network activity is....
A crypto analyst has highlighted how the Tom Demark (TD) Sequential has given a buy signal for XRP following its latest pullback. XRP Has Seen A TD Sequential Signal On Its 4-Hour Chart In a new post on X, analyst Ali Martinez has shared a TD Sequential signal that has appeared in the 4-hour price of XRP. The “TD Sequential” here refers to an indicator from technical analysis (TA) that’s generally used for pinpointing potential locations of reversal in an asset’s price. Related Reading: XRP Network Quiet: Adoption & Activity Plunge From 2024 Peak The indicator....
Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading. While this could signal a negative trend, the situation presents a complex picture of the cryptocurrency’s market dynamics. Despite the fall in whale activity, the total number of Bitcoin wallets with at least 100 BTC remains high, at 11.79 million BTC across 15,907 wallets. Historically, increased activity from these large holders has often....
Throughout the early part of this year, the Lightning Network (LN) has seen massive growth and continued adoption from the Bitcoin community. Just yesterday, Lightning Network saw it’s capacity surge to over 1500 BTC. This uptick in activity and adoption shows that users are confident in the ability to make transactions off-chain securely through the […]
The percentage of Ethereum (ETH) supply staked on the network has dropped to 27.6%, a level last seen in July 2024. This decline has raised questions about Ethereum’s long-term appeal among investors and whether staking remains a preferred option. Staked Ethereum Percentage Drops From November Peak According to data from Dune Analytics, the proportion of […]