ETC Price And Social Dominance Figures Down In Last 7 Days – What’s Next?
Similarly to Bitcoin and other altcoins, ETC (Ethereum Classic) has been severely impacted by the FTX liquidity crisis. CoinGecko data show that the historical performance of the coin on the daily, weekly, biweekly, and monthly time frames is not promising for the ETH fork. The most noticeable depreciation among these was recorded for the bi-weekly time scale, at a rate of 16.7 percent. If other measures continue to lag, what does the future hold for ETC? Related Reading: These Solana Numbers May Scare Off SOL Investors – Here’s Why ETC Stepping On Green The token has gained 19.35% so far....
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If Bitcoin can stay above $10,000 by the day of the U.S. elections, history suggests that $100,000 is next. Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical.As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days.BTC price closes in on 100 days at $10,000According to data from analytics firm CoinMetrics compiled by Twitter user Julio Moreno, after trading above certain price points specifically for 100 days, Bitcoin subsequently....
Data shows the social media talk around Bitcoin has dropped to low levels recently, indicating that investors are paying attention to altcoins instead. Bitcoin Social Dominance Has Declined To Just 17% Recently According to data from the on-chain analytics firm Santiment, BTC-related discussions on social media have dropped recently. The relevant indicator here is “social dominance,” based on the concept of “social volume.” The social volume of any asset is a measure of the degree of talk it receives on the major social media platforms. The metric makes this....
The MANA cryptocurrency used in Decentraland has clearly seen better days. From its 2017 high of $5.85, MANA has dropped 80% in value in the last 12 months, as shown by the most recent available data. Presently, a share of MANA can be purchased for as little as $0.4773. Investor confidence has tanked in light of the current market situation, making a comeback for the crypto a little difficult. As a result, the question arises as to whether MANA has any chance of survival or whether it is a cryptocurrency that has already passed its expiration date. Related Reading: ETC Price And Social....
The recent market recovery has seen digital assets such as Bitcoin and Ethereum put on significant amounts of value over the last couple of days. However, there have been some who have been market leaders in this regard, and Ethereum is one of them. The digital asset had rallied upwards due to the announcement that the Merge was happening in September, but that is not the only aspect where the second-largest cryptocurrency in the crypto market had recorded a recovery. Ethereum Steals Market Dominance Ethereum’s rally above $1,500 had seen its market cap grow above $190 billion once more.....
During the last 35 days, ethereum has lost a significant amount of market dominance leading up to The Merge. On August 14, 2022, the second leading crypto asset by market capitalization, ethereum, had a market dominance of around 19.5% but three days after the transition to proof-of-stake (PoS), it’s down 13% lower to 16.8%.
In 35 Days, Ethereum’s Market Dominance Slides 13% Lower
Ethereum’s market valuation has dropped a great deal during the past month after reaching $1,996 per unit on August 14, 2022. At that time, ethereum’s market cap was $239.74....