Coinedition
Ethereum’s historical Q1 performance shows strong average returns of 93%. ETH faces challenges in 2024, with a 35% decline against Bitcoin so far. Technical indicators suggest Ethereum may experience further short-term downside.
IntoTheBlock data categorizes Litecoin holders by coin age, revealing notable rends. Long-term holders (3+ years) dominate, highlighting confidence in LTC’s potential. Price surges correlate with increased short-term trading activity.
Cardano’s breakout signals potential for continued bullish momentum above $0.90. JasmyCoin faces resistance at $0.0370, with volume decline signaling weakness. ADA’s RSI near 50 and MACD bullishness suggest a possible upward move.
Bitget to burn 800 million BGB tokens, reducing the circulating supply by 40%. Quarterly burns will begin in 2025, using 20% of profits from exchange revenues. BGB will expand its utility by merging with Bitget Wallet Token (BWB) and supporting real-world crypto transactions.
PNUT has surged a massive 3,000% in the past month. XRP is back above $1 price level while surging 101.97% in the past week. HBAR has surged 40.95% in 24 hours while surging 120% in the last week.
Hedera’s value surged after Canary Capital’s spot ETF filing boosted investor confidence. HBAR’s trading activity spiked, signaling growing market interest and enthusiasm. Analysts foresee further gains for HBAR amid optimism surrounding the ETF proposal.
Ethereum spot ETF experienced its highest inflow period during the past week. ETH spot ETF recorded a total net inflow of $515.17 million last week. Retail investors consider the surge in ETF inflow a positive signal for Ethereum.
SHIB burn rate skyrockets 6200%, destroying over 290K tokens in a single day. Symmetrical triangle formation signals a potential 25–50% breakout. Traders eye a bullish surge as market supply drops significantly.
Matrixport confirmed that new money is flowing into the stablecoin market. The firm used the 7-day stablecoin minting indicator. More money is expected to flow in the crypto market in Q1, 2025.
Justin Sun predicts TRX could soar to $20, a 9,665% increase, in the current bull market. TRX has been trading below its all-time high for seven years, with analysts expecting a major breakout. A $20 TRX would make the asset worth over $1.7 trillion, positioning it as a potential trillion-dollar token.
