Coin overview
ATH
Ended--
Last price (USDT)
301.74K
24h total (USDT)
1.14M
Total vol (USDT)
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
Trading time (UTC+0)
2024-06-13 04:00:00
Delivery time (UTC+0)
Total supply42.00B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
XRP Meme Coins Are the Key to Being “Locked In,” Says Expert
XRP meme coins are emerging as key drivers of growth, helping users stay “locked in” to the ecosystem’s potential gains. Research and caution remain crucial, as risks like rug pulls accompany the rising appeal of XRPL meme coins. Currently, XRP Meme Coins Gain Traction: The Next Big Opportunity? As XRP surges past $3 for the first time since 2018, a hidden trend within its ecosystem is gaining momentum: the rise of meme coins on the XRP Ledger ( XRPL ). Market commentators, including prominent XRP trader Polly, suggest that owning XRP meme coins is key to being “locked in” and maximizing returns in this expanding ecosystem. As highlighted in a CNF update, XRP meme coins play a significant role in the broader crypto landscape. In addition , XRP was recently named one of the 5 Best Cryptos To Buy Right Now For 2025, and meme coins are proving to be pivotal in driving interest. Today’s tweet from XRP Memes underscores this shift, stating that it is time for memecoins on XRP to shine. The best part? This is happening just as XRP breaks its ATH after 7 years, marking the start of the biggest alt season in history. Memecoins on ETH had their run. Memecoins on SOL had their run. Now, it’s time for memecoins on XRP to shine. The best part? This is happening just as XRP breaks its ATH after 7 years, marking the start of the biggest alt season in history. You’re not bullish enough. — XRP Memes💎 (@eksrp123) January 16, 2025 Top Performers and Risks Several tokens are leading the charge in the XRPL meme coin market. Crypto Bitlord has identified standout coins like ARMY, JELLY, RipTard, PHINX, and PONGO, which range from speculative bets to potential blue-chip investments. Investor Juke highlighted RIBBLE, a frog-themed token whose market cap jumped from $250,000 to $800,000, as a promising option poised for further growth. However, caution is warranted. Some newer tokens have suffered catastrophic losses due to rug pulls and team-led sell-offs. Industry expert Edoardo Farina recommends sticking with established tokens like DROP, PHINX, ARMY, BERT,and SIGMA to mitigate risks. XRPL Meme Coin Market Achievements The rise of meme coins on XRPL has delivered impressive results. According to First Ledger, ARMY leads the market with a cap of $85.5 million, over 11,000 holders, and nearly 48 million XRP in trading volume. Other top performers like PHINX, LIHUA, SLT, and DROP are collectively boosting the appeal of the XRPL ecosystem. While the potential for high returns is attracting significant interest, community leaders stress the importance of research and risk management. This surge in meme coin activity aligns with XRP’s price growth, which has increased by 8.85% in the past day and 44.72% in the past week, currently trading at $3.32, according to Coin Market Cap. See XRP Price chart below. [mcrypto id=”345586″] Recommended for you: Buy Ripple (XRP) Guide Ripple XRP Wallet Tutorial Check 24-hour XRP Price More Ripple (XRP) News What is Ripple (XRP)?
Komainu CEO Paul Frost-Smith Confirms Treasury Strategy for $75M Bitcoin Investment
Komainu, a regulated digital asset custodian backed by Laser Digital, a Nomura company, has secured $75 million in strategic investment from Blockstream Capital Partners (Blockstream), subject to relevant regulatory approvals. This investment, uniquely funded in Bitcoin, is set to transform Komainu’s operational capabilities and position it as a leader in the institutional adoption of cryptocurrency. Bitcoin-Funded Investment: A Growing Trend The investment highlights a new trend in the crypto industry: businesses raising funds in Bitcoin and retaining it in their treasuries. Komainu plans to establish a treasury function to manage its Bitcoin holdings. Paul Frost-Smith, Co-CEO of Komainu, explained to Unlock Blockchain: “We expect this to be an increasingly common trend among crypto-focused businesses. Komainu will run a treasury function around its own Bitcoin positions going forward, taking into account yield enhancement opportunities as well as hedging as necessary. Bitcoin may be liquidated and repurchased as part of this operation to meet corporate requirements, but the intention is to hold Bitcoin on the balance sheet going forward.” Accelerating Growth with Blockstream’s Technology Komainu plans to leverage Blockstream’s advanced technologies, including the Liquid Network, AMP platform, and enterprise HSM wallet, to enhance its offerings. The Liquid Network will cut settlement times for Komainu Connect, its off-exchange margining and settlement solution, from hours to minutes. AMP technology will automate support for tokenization and enable trustless trading solutions. Paul Frost-Smith emphasized the impact of this partnership, telling Unlock Blockchain: “This funding will allow us to accelerate our ambitious growth plans at a time of unprecedented interest from institutions in digital assets, and Bitcoin approaching its all-time high (ATH). With access to Blockstream’s cutting-edge technology, Komainu is uniquely positioned to build wide-ranging, low-latency offerings to maximize efficiencies and enhance client services in collateral management and tokenization. By aligning with one of the visionary companies in the Bitcoin ecosystem, and Adam Back joining our Board, Komainu is now uniquely positioned to become the go-to provider of all services related to Bitcoin for institutional clients.” A Partnership for Institutional Adoption This investment marks a milestone in institutional adoption of Bitcoin-related technologies. Adam Back, CEO of Blockstream Corp, highlighted the significance of this collaboration: “We are delighted that Komainu is adopting Blockstream’s various technology streams to enhance its institutional service offering. This is testament to the fundamental veracity of Bitcoin-related technologies and applications and marks the first time that these have entered the institutional arena. I am confident this will be the first of many such use cases as the institutional community wakes up to the power of the Lightning and Liquid Networks.” Expanding Operations in the UAE and Beyond The UAE remains a key market for Komainu, as it was the first custodian to be regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Frost-Smith reiterated the importance of the region: “Komainu was the first custodian to be regulated by VARA in Dubai, and this continues to be an important hub for us. We are continuously looking at other regulatory regimes and, if they provide a strategic growth opportunity, will certainly consider them.” Shaping the Future of Institutional Crypto Adoption The $75 million investment underscores Komainu’s commitment to bridging traditional finance and digital assets. By leveraging Bitcoin and integrating Blockstream’s technologies, Komainu is positioning itself as a trailblazer in institutional-grade digital asset services, setting a precedent for the industry to follow. PeterPaul Pardi, Director at Blockstream Corp, emphasized: “This partnership with Komainu, backed by Nomura’s Laser Digital, is a landmark moment for the adoption of Bitcoin-related technology by a bank-built, regulated financial services business. It showcases the institutional use-cases for Bitcoin as demand reaches new highs.“
Solana (SOL) Uptrend Gains Momentum with Multiple Golden Crosses Forming
Solana (SOL) has surged 15% over the past seven days, holding near the $200 mark. Its market cap has risen to $107 billion, overtaking BNB. This strong performance is backed by bullish signals, including increased whale activity earlier this month and the formation of multiple golden crosses on SOL’s EMA charts. Although some profit-taking among whales has occurred, their activity remains elevated compared to historical levels. With this momentum, SOL is well-positioned to test key resistance levels and potentially break above $240. Solana Whales Decline From ATH but Remain at Elevated Levels The number of addresses holding at least 10,000 SOL significantly increased between January 4 and January 5, rising from 5,032 to 5,090. This upward trend continued with some fluctuations, reaching an all-time high of 5,104 on January 11. Tracking these large holders, often referred to as whales, is crucial because their activity can strongly influence the market. Increased accumulation by whales often reflects confidence in the asset’s future, potentially driving prices higher as their positions grow. SOL Whale Addresses. Source: Glassnode. After peaking on January 11, the number of whale addresses declined, dropping from 5,096 on January 14 to 5,063 by January 16. While this decrease might suggest some profit-taking, it’s important to note that the current number of whales remains significantly higher than historical levels. This sustained interest among major holders suggests that confidence in Solana uptrend potential is still strong, even with recent fluctuations. Such stability at elevated levels could provide a solid foundation for SOL price growth. SOL DMI Shows the Current Uptrend Is Strong The DMI (Directional Movement Index) chart for Solana shows a sharp increase in the ADX (Average Directional Index), rising from 25.6 to 39.8 over the past two days. This surge coincides with the start of SOL’s current uptrend and the formation of golden crosses. The ADX measures trend strength, with values above 25 indicating a strong trend and values above 40 signaling even more powerful momentum. A rising ADX during an uptrend suggests growing confidence in the direction of the price movement. SOL DMI. Source: TradingView Meanwhile, the +DI (positive directional index) has climbed from 19.7 to 34.1, reflecting increased buying pressure, while the -DI (negative directional index) has dropped from 24.2 to 7.9, indicating a decline in selling pressure. Together, these shifts point to a strong bullish trend, with buyers firmly in control of the market. 2 If this dynamic continues, it could signal further upward momentum for SOL, as the widening gap between +DI and -DI suggests strengthening buyer dominance. Combined with the rising ADX, these indicators paint an optimistic picture for SOL’s near-term price action. SOL Price Prediction: Will Solana Recover December Levels? SOL’s EMA (Exponential Moving Average) lines have recently shown multiple golden crosses, with the shortest-term line crossing above several others. This indicates strong upward momentum, suggesting a continuation of the current uptrend. If this momentum persists, Solana price could test the next resistance level at $229. Breaking through this resistance could open the path to $234 or even $243, pushing SOL above $240 for the first time since early December 2024. SOL Price Analysis. Source: TradingView However, if the uptrend reverses and a downtrend begins, the support at $211 will play a crucial role. Should this level be tested and fail to hold, SOL price could drop further to $203, with a possible extension to $185 if bearish pressure intensifies.
Bitcoin Rebounds Strongly from $89,000 Dip, Eyes Major Breakout
Bitcoin recently recovered from a correction that pushed its price to $89,000, reigniting bullish momentum in the market. While the drop was alarming, it didn’t significantly impact market sentiment. Bitcoin now stands stronger than before, poised for a potential rally to new heights. Bitcoin Investors Are Still In Profit The MVRV Ratio, currently at 1.32, reflects Bitcoin’s positive market sentiment. This metric, which compares Bitcoin’s spot price to its realized price, shows that the average BTC unit holds an unrealized profit of 32%, according to a Glassnode report. This is reminiscent of post-ATH behavior in mid-April 2024, highlighting bullish sentiment despite the recent correction. Additionally, Bitcoin’s MVRV Ratio aligns with the market’s recovery trajectory, reflecting traders’ confidence. Even after the correction, the positive sentiment persisted, suggesting that investors remain optimistic about BTC’s long-term potential. This metric supports Bitcoin’s current path toward breaking key resistance levels and forming a new rally. Bitcoin MVRV Ratio. Source: Glassnode Bitcoin’s unrealized losses have shown remarkable resilience, even during its dip to $89,000. Historically, unrealized losses above 4 million BTC indicate the onset of a bear market. However, the recent correction didn’t push unrealized losses beyond this threshold, affirming the active presence of a bull market. This stability demonstrates that Bitcoin holders are not succumbing to market pressure, maintaining their positions despite short-term fluctuations. Such behavior aligns with a bullish macro environment, increasing the likelihood of a sustained upward trend in Bitcoin’s price. Bitcoin Supply In Loss. Source: Glassnode BTC Price Prediction: Rally Ahead Bitcoin’s price currently stands at $101,394, nearing the neckline of a double-bottom pattern visible on the daily chart. A breakout above the $102,235 neckline could trigger an 11% rally, targeting $113,428. This pattern reinforces Bitcoin’s upward momentum and signals its readiness for another major rally. To achieve this target, Bitcoin must establish support at $106,193 or $108,341. These levels are crucial for sustaining the rally and preventing a reversal. Securing these supports would solidify BTC’s bullish thesis, encouraging further investor confidence. Bitcoin Price Analysis. Source: TradingView However, failing to breach $102,235 could spell trouble for Bitcoin. Such a scenario could lead to a drop below $100,000, with the next critical support at $95,668. This would invalidate the bullish outlook, potentially setting the crypto king back significantly.
Bitcoin’s February 2025: Post-Halving Trends Spark Investor Optimism
Institutional adoption and market enthusiasm are expected to sustain February’s growth potential. Macro and regulatory factors could influence outcomes despite Bitcoin’s promising historical performance. As February 2025 approaches, Bitcoin investors are analyzing historical patterns tied to halving events to anticipate potential market movements. With Bitcoin’s well-documented cyclical tendencies, February’s historical data offers encouraging prospects for a strong performance this year. February’s Historical Strength Data from 2010 onward positions February as a standout month for Bitcoin, averaging a 13.62% return, ranking among the cryptocurrency’s top-performing months. This trend gains further significance in post-halving years, where February historically records returns of 40.74% on average, fueled by the supply reduction following halving events. Past post-halving February performances include: 2013: 62.71% 2017: 22.71% 2021: 36.80% These figures underline February’s role in maintaining bullish momentum post-halving, driven by reduced issuance and heightened demand. January’s Role as a Market Indicator January 2025 has set a positive tone, achieving a 7.28% return. This performance aligns with earlier post-halving patterns, where initial months lay the groundwork for subsequent gains. If February 2025 mirrors historical trends , returns could range between 22% and 63%, further validating Bitcoin’s cyclical growth trajectory. Key Drivers Behind February Gains Bitcoin’s February performance is shaped by several factors: Halving-Induced Scarcity: The halving event reduces Bitcoin’s new supply, creating upward price pressure as demand persists. Investor Sentiment: Enthusiasm surrounding reduced issuance often attracts new capital and reinforces bullish momentum. Institutional Involvement: Growing interest from institutions post-halving injects significant liquidity, enhancing market activity. While February 2025 holds the promise of robust returns, investors should remain vigilant of external influences, including macroeconomic developments and regulatory shifts. These factors could temper performance, even amidst a favorable post-halving environment. Here at ETHNews we have reported that there is a possibility of BTC reaching a new ATH, Bitcoin’s track record in post-halving cycles suggests that February could once again deliver substantial gains. However, as with any investment, careful analysis and risk management are essential to navigating this promising yet unpredictable market. Source: Tradingview Bitcoin (BTC) is currently trading at $99,278.08, reflecting a 2.82% increase in the last 24 hours. Its market capitalization stands at $1.96 trillion, with a 24-hour trading volume of $56.11 billion, marking a 5.80% increase. The circulating supply is 19.81 million BTC, with a fixed maximum supply of 21 million BTC.
3 Altcoins That Reached All-Time Highs Today — January 17
With Bitcoin successfully reclaiming $100,000 as support, many altcoins have shot up on the daily chart. This brought gains to some altcoins as they reached a new high on the back of the bullishness. BeInCrypto has analyzed three crypto tokens that formed a new all-time high (ATH) today and what to expect from them in the future. Meow (MEOW) MEOW emerged as one of the best-performing altcoins, rising by 64% in the past 24 hours. This impressive rally pushed the price from under $0.0050 to $0.0077, making it a standout in the market. During this surge, MEOW also hit a new all-time high at $0.0077, marking its fifth ATH in the past week. If this uptrend persists, the meme coin could reach $0.0100, further solidifying its bullish momentum. MEOW Price Analysis. Source: GeckoTerminal However, unexpected profit-taking by investors could trigger a correction. If this occurs, MEOW may fall to $0.0050, negating the bullish outlook and wiping away recent gains noted by the meme coin. Gate (GT) GT price increased by 9.5% this week, reaching a new all-time high (ATH) of $19.89. This continued trend of record highs highlights strong investor confidence and growing demand for the altcoin. If the upward momentum remains intact, GT could claim $20.00 as a support floor. Successfully doing so would set the stage for a further rise to $25.00, reinforcing its bullish trajectory. GT Price Analysis. Source: TradingView However, a potential reversal could disrupt this trend. In such a case, GT might fall back to $18.12, invalidating the bullish outlook and erasing recent gains. Morpho (MORPHO) MORPHO price surged 31% in the past 24 hours, climbing to $4.00. This impressive rally saw the altcoin achieve a new all-time high (ATH) of $4.13, signaling strong momentum in the market and increased investor interest. If the uptrend persists, MORPHO could break additional ATHs in the coming days, driven by heightened demand and favorable market conditions. Sustaining its momentum above the current support levels will be key to maintaining the bullish trajectory. MORPHO Price Analysis. Source: TradingView However, profit-taking by investors poses a significant risk. If selling pressure intensifies, MORPHO may lose the crucial support at $3.58, leading to a potential drop to $2.26, which would invalidate the bullish outlook and reverse recent gains.
LTC Price Prediction: New 2025 Litecoin Price ATH?
Litecoin (LTC) , often referred to as the "silver to Bitcoin's gold," has long been a staple in the cryptocurrency market. As 2025 begins, traders and investors are eagerly speculating whether Litecoin can achieve a new all-time high (ATH). With its strong fundamentals and significant price action, the technical analysis of LTC reveals crucial insights into its potential trajectory. In this article, we’ll dive into the recent LTC price trends, evaluate key support and resistance levels, and predict whether Litecoin can achieve a new ATH this year. How has the Litecoin (LTC) Price Moved Recently? Litecoin is currently priced at $117.60 with a 24-hour trading volume of $4.07 billion, a market cap of $8.87 billion, and a market dominance of 0.25%. Over the past 24 hours, the price of LTC has surged by 14.70%. Litecoin reached its all-time high of $410.76 on May 10, 2021, while its all-time low of $1.11374 was recorded on January 14, 2015. Since its ATH, the lowest price LTC fell to was $40.47 (cycle low), and the highest price achieved since that point is $146.23 (cycle high). The current price prediction sentiment for Litecoin is bullish, and the Fear Greed Index indicates a level of 75 (Greed). Litecoin has a circulating supply of 75.41 million LTC out of a maximum supply of 84.00 million LTC. The current yearly supply inflation rate stands at 1.77%, with approximately 1.31 million LTC created in the past year. Litecoin Price Prediction: Technical Analysis of the Chart LTC/USD Daily Chart : TradingView The daily LTC/USD chart shows significant bullish momentum developing over the past few months. The price has risen sharply from lows near $50, surpassing key psychological and technical resistance levels. Currently, LTC is trading at approximately $117.60, with a notable 7.15% gain in recent sessions. Key observations include: A clear breakout above $100 , which served as a strong resistance zone in previous months. Sustained higher lows, indicating an upward trend and strong buying interest. A retest of the $90-$100 support region, successfully holding the upward momentum. Support and Resistance Levels Support Levels: $100: A critical psychological and technical level. If LTC pulls back, this zone is likely to act as strong support due to previous price action. $60-$65: A long-term support area where LTC consolidated for months before the recent breakout. Resistance Levels: $140: The next major resistance level based on historical price action. $180-$200: Represents a critical resistance zone nearing Litecoin's previous ATH of $412 (achieved in May 2021). Relative Strength Index (RSI) The RSI is currently at 62.30 , indicating bullish momentum without being overbought. This suggests there is room for further upside before a potential correction. The RSI breakout above 50 earlier signaled a shift in sentiment from neutral to bullish. Moving Average Analysis The price is well above its 50-day and 200-day moving averages, confirming a strong bullish trend. Historically, such positioning indicates that a sustained rally is likely. Key Observations Litecoin has recently broken out of a consolidation phase, marked by a series of higher highs and higher lows. Volume profiles suggest increasing participation during upward price movements, a strong indicator of demand. Will LTC Hit a New ATH in 2025? The current market structure and momentum suggest that Litecoin has significant upside potential in 2025 . However, several factors will determine whether LTC can reach a new ATH: Bullish Case for a New ATH: Market Momentum: If the broader cryptocurrency market remains bullish, LTC could benefit from a spillover effect. Key Resistance Breakouts: Breaking above $140 and $180 would likely set the stage for LTC to target $300 or higher. Bearish Risks: Macro Conditions: A bearish crypto market due to macroeconomic factors could cap LTC’s price gains. Failure to Hold Key Supports: Falling below $100 could invalidate the bullish setup. Conclusion Based on current technical indicators, Litecoin price appears well-positioned for further price gains in 2025. The next major challenge lies in breaking the $140 resistance zone. If successful, LTC could target $180 and eventually set sights on a new ATH, potentially exceeding $400. Investors should watch key support levels around $100 for any signs of weakening momentum. Litecoin’s long history of resilience, coupled with its growing adoption and strong market fundamentals, makes it a promising contender for significant price gains this year. However, as with all investments, risks remain, and traders should monitor both market and macroeconomic conditions closely.
Challenging Critical Support
From CryptoVizArt, UkuriaOC, Glassnode Executive Summary Bitcoin has entered a correction phase, trading -11% below its ATH of $108k but remaining above key support levels, retaining a constructive market structure. Z-Score analysis suggests cyclical highs typically align with various metrics trading 1.5 to 2.0σ above the mean, offering a framework to help navigate bullish market phases. Bitcoin's current price is around 10% above the Short-Term Holders' cost basis of $88.4k, underscoring a potential risk of downside if momentum stalls and price trades below this level. Unrealized losses are concentrated among short-term holders, with 2.0–3.5M BTC held underwater, reflecting moderate stress in the market. Relative Unrealized Losses peaked at 4.3% during Q3 2024, significantly lower than prior cycles driven by external shocks, highlighting a more spot-driven and patient market. 💡View all charts in this edition in The Week On-chain Dashboard. Evolving Peaks The Realized Price reflects the average price at which all Bitcoins last moved on-chain, thus representing the market's aggregate cost basis. The MVRV Ratio is the ratio between the spot price, and the realized price, and it gauges the magnitude of unrealized profit held on average. Values above 1 signal an average unrealized profit, and trading below 1 indicate an unrealized loss. The MVRV ratio is currently trading at 1.32, indicating the average unit of BTC is holding an unrealized profit of 32%. This structure is similar to post-ATH in mid-April 2024, suggesting an overall undertone of positive sentiment despite the market correction. Live Chart Over the years, Bitcoin's market has matured, which is accompanied by a cyclical decay in the peak values of MVRV near cyclical tops. This reflects an overall dampening of speculative extremes as the asset grows in size. Each market cycle has seen progressively lower MVRV highs, signalling lower average unrealized profit multiples being reached: 2011: 8.07x 2014: 6.00x 2018: 4.81x 2021: 3.98x 2024: 2.78x (to date) This decline describes a gradual reduction in volatility and speculative intensity as the market grows in scale and liquidity. It also suggests that, whilst Bitcoin remains cyclical, each peak becomes relatively less exaggerated, aligning with a more mature and efficient market structure. Live Chart To account for the diminishing peaks in MVRV over successive cycles, we can employ statistical methods to normalize its oscillating range. One such widely accepted approach in financial time series analysis is the Z-Score, calculated using the formula: Z-Score = (X - μ) / σ Where: X is the observed value, μ is the mean, σ is the standard deviation. In calculating the Z-Score, we can either use the entire historical dataset for a cumulative view or adopt a shorter rolling window to better capture the dynamic nature of financial cycles and diminishing peaks in MVRV. Using the entire historical data for the MVRV Z-Score transformation can lead to some distorted results, as earlier cycles with much higher peaks skew the mean and standard deviation, making them less reflective of current market conditions. Live Chart Therefore, in an attempt to account for these effects, we have optimized the rolling window by reducing its length and thus using more recent market history as our benchmark. The chart below compares the cumulative Z-Score with a version calculated using a 4-year rolling window. Despite this attempt to adapt to the dynamic nature of market cycles, the results remain nearly identical, and the issue of decaying peaks in MVRV persists unresolved. Live Chart Moving to a 2-year rolling window for the Z-Score calculation (blue), the peak observed in the most recent cycle ATH in March 2024 aligns closely with the peak ranges of the previous two cycles. In this instance, we have now adjusted for the diminishing MVRV peaks. However, significant market highs in Q4 2015, Q3 2019, and Q2 2023 are not flagged by the 2-year rolling window Z-Score, suggesting there may be further optimization potential. Live Chart Finally, we have applied a 1-year rolling window to the Z-Score calculation, resulting in a more refined and promising transformation. This approach works to identify both the mid-cycle and late-cycle peaks on a similar scale, offering a clearer representation of near-term market dynamics. This 1yr MVRV Z-score reveals that cyclical bulls consistently reach local and global peaks 2σ range, where investor profitability has increased significantly over a relatively short period of time. During bear market phases, local and global lows are captured when MVRV trades -1.5σ from the mean. This improved MVRV Z-Score may provide a more responsive framework for identifying key market turning points throughout the cycle and helps adjust for the overall diminishing peaks near the extremes. Live Chart Now that we have optimized the rolling window to 1yr, we can extend this framework to back-calculate the threshold price levels which would define these near-term peaks and troughs. Bull markets are characterized by prices trading between the 1-year mean, and peaking around 2σ above it. Conversely, bear markets see prices remain below the mean, with significant lows occurring near -1.5σ. This structured approach allows for a clearer delineation of market phases. Currently, Bitcoin is trading at $94,398, positioned above the 1-year mean of $90.9k but below the +2σ threshold at $112.6k. This suggests the market remains in a bullish phase, though it has retreated slightly from recent euphoric levels, which were above the upper band at the time. Live Chart Assessing The Correction With the 1-year MVRV Z-Score model showing the market cooling off from a powerful rally, we can now assess the state of investor profitability by measuring the unrealized losses held. This helps to gauge market participant incentives and identify key areas of risk to keep an eye on. First, by analyzing the Entity-Adjusted Cost Basis Distribution of the circulating supply, it becomes clear that all unrealized losses are concentrated among short-term holders—investors who acquired their coins in the last 155-days, near the market peak. Live Dashboard Focusing on short-term holders as potential sellers under pressure, if the current market drawdown deepens, we can look for areas where unrealized losses may become severe. The average Short-Term Holder cost basis is currently trading at $88.4k. Based on a similar statistical approach covered above, we have also displayed a high ($125.5k) and low ($68.5k) band, representing typical limits of price action during bull and bear markets. The spot price is currently trading 9.2% above the Short-Term Holder cost basis, indicating that the market is still within the norms of a typical bull market. However, if the market fails to regain upward momentum, there is a heightened chance that falling below the STH cost basis could precipitate near-term stress, and potentially additional sell-side out should investors start to panic. Live Chart In order to better gauge the degree of stress experienced, we can assess the BTC supply, which is currently in a state of unrealized loss. From a historical perspective, over the last 10 years, we can observe that: During bull markets, the number of coins underwater has typically remained below 4 million. Early bear market stages have been marked by 4–8 million coins held in loss. This week, the volatility in the market pushed between 2.0 and 3.5 million coins into loss. While significant, this range is still lower than the 4 million coins in loss during the local market low set between July and September 2024. This suggests that the current market is likely in a less distressed state than it was during the previous corrective phase. Live Chart Another dimension for measuring pain in the market is the Relative Unrealized Loss metric, which measures the ratio of unrealized losses (in USD) relative to the market capitalization. Reviewing recent cycles highlights parallels between the current market and the 2016–17 bull market. Unlike the 2019–22 cycle, where external shocks like the COVID-19 pandemic and the China mining ban pushed the Relative Unrealized Loss to levels exceeding 10%, the Q3 2024 consolidation phase only pushed this metric to ~4.3%. It could be argued that the current market cycle has experienced less acute stress, likely due to shallower drawdowns, reduced volatility, and the new spot demand brought in via the ETFs, as well as institutional investors. Live Chart Conclusion Bitcoin has entered a correction phase and is trading 11.1% below its ATH of $108k. However, the spot price is still trading above several key support levels, suggesting the bullish market structure remains intact for now. This is compounded by the relatively light levels of distress in the market, as measured by historically small unrealized losses held by market participants. We also showed how an optimized MVRV z-score using a 1-year rolling window provides a framework to navigate near-term bullish and bearish market phases. According to this model, we are also still within bullish territory, although the Short-Term Holder cost basis remains $88.4k is a key level to watch for maintaining constructive sentiment. Disclaimer: This report does not provide any investment advice. All data is provided for information and educational purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies. Please read our Transparency Notice when using exchange data .
Bitcoin investor stress levels remained moderate despite correction from all-time highs
Bitcoin’s ( BTC ) latest market correction from its 2024 all-time high (ATH) of over $108,000 reflects a cooling phase but relatively low levels of investor stress indicate the bull market is far from over, according to a recent report by Glassnode . The report highlighted that the number of BTC held at an unrealized loss currently fluctuates between 2.0 and 3.5 million coins. This amount is well below the 4 million coins seen during the lows in mid-2024, signaling a less distressed market environment. For comparison, early bear markets have historically recorded between 4 and 8 million coins underwater. Glassnode’s data reveals that short-term holders concentrate on unrealized losses. These investors acquired Bitcoin within the past 155 days, often near the market peak. The spot price of $94,398, registered early in the day on Jan. 15, was 9.2% above the average short-term holder cost basis of $88,400. This price places the market within the norms of a typical bull market but raises concerns about potential sell-offs if prices dip below this threshold. The Relative Unrealized Loss metric, which compares unrealized losses to market capitalization, also stands at approximately 4.3%. The percentage is notably lower than the peaks of over 10% during crises like the 2020 COVID-19 selloff or the 2021 China mining ban. Evolving market conditions The Market Value to Realized Value (MVRV) ratio, an important measure of unrealized profit in the market, currently stands at 1.32. This indicates that the average Bitcoin holder has a 32% unrealized profit. This metric suggests an underlying tone of positive sentiment despite the market’s pullback from euphoric highs. The report also noted historical analysis showing that MVRV peaks have diminished with each successive market cycle, reflecting Bitcoin’s increasing market maturity and reduced speculative intensity. For instance, the MVRV high reached 8.07 in 2011 but has declined to 2.78 in 2024. To adapt to Bitcoin’s maturing market structure, Glassnode has refined its MVRV Z-Score model, employing a one-year rolling window. This updated approach captures near-term market dynamics more effectively and identifies key market phases and turning points. Currently, Bitcoin is trading above the 1-year mean of $90,900 but below the upper bullish threshold of $112,600, suggesting the market remains in a bullish phase, albeit with a retreat from recent highs. This is further cemented by the flagship crypto’s positive momentum to retest $100,000 following the US CPI data release on Jan. 15. As of press time, BTC was trading at $99,532, based on CryptoSlate data. Furthermore, the report noted the shift in Bitcoin’s market behavior over time. Reduced volatility, increased institutional participation, and new spot demand driven by exchange-traded funds (ETFs) have contributed to a more stable market structure. Despite the current correction, the metrics suggest that Bitcoin’s market remains resilient, with a positive overall outlook. However, a sustained failure to regain upward momentum could intensify pressure on short-term holders. Featured Data Partner Mentioned in this article Bitcoin Glassnode Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article. Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Solana reclaims $200: Where will a new BTC ATH put SOL at?
As Bitcoin rebounds from its biggest wick this month, Solana (SOL) and all other altcoins have bounced back with sharp price gains in the past two days. SOL price took the dip as low as $169 and quickly jumped back to $180 in hours. On 13 January, Solana price dropped over 11% while coinciding with Bitcoin’s much volatile price action on the day. With this stiff drop, SOL broke its key support near $185 and pushed back below $170 on major crypto exchanges. SOLUSD Chart – Source: TradingView According to Coinmarketcap data , SOL is currently trading near $215 with gaining over 15% in the past 24 hours. The current price level marks 27% increase from its weekly low. SOL Price to new ATH? If the crypto market continues with its bullish sentiment, the current price rally is expected to lead Bitcoin, Solana and other leading crypto assets to a new high. Bitcoin price has now reclaimed $100,000 once again after hitting declining below $90,000 on 13th January. The current all-time high for SOL price is $263.83 as per market data. This high was marked in November 2024 when Bitcoin first discovered the $90,000 price levels. As the pump continues, this could lead Bitcoin to a new all-time high and SOL will be following closely. This could potentially lead SOL to a new high with it aiming to break above the $300 price mark. Such gains could only occur when a new wave of investors enters the market and fresh capital starts to spread within the industry. This speculation seems to come true sooner while looking at Trump’s upcoming administration suggests that crypto space could see mammoth growth this year. Follow The Crypto Times on Google News to Stay Updated!
3 Altcoins That Reached All-Time Highs Today — January 16
With the crypto market adding $130 billion over the last 24 hours, many altcoins enjoyed passive gains that pushed them to their new highs. The emergence of new tokens in the crypto market is resulting in new ATHs every day. Thus, BeInCrypto has combed through the market to find three crypto tokens that hit an all-time high (ATH) that investors should keep an eye on. GateToken (GT) GT maintained its bullish momentum, reaching a new all-time high (ATH) of $19.77 within the last 24 hours. This consistent upward trend highlights growing market interest and altcoin’s ability to sustain its performance. Over the past three days, GT’s price has risen by 7%. While not extraordinary, this steady growth is exactly what the altcoin needs to breach the critical $20.00 mark and establish it as support, paving the way for further gains. GT Price Analysis. Source: TradingView However, if investors opt to take profits or broader market conditions turn bearish, GT could struggle to surpass the $19.77 ATH. A reversal might send the price back to $18.12, invalidating the bullish outlook and pausing its upward trajectory. aixbt by Virtuals (AIXBT) AIXBT has experienced significant growth this week, surging by 101% in the past 48 hours to trade at $0.86. This impressive performance highlights growing investor interest in the altcoin, positioning it as a standout in the AI token sector. During intra-day highs, AIXBT achieved a new all-time high (ATH) of $0.96, driven by increasing demand for its AI Agent token. If this momentum persists, the altcoin could break the $1.00 barrier, further solidifying its bullish trend. AIXBT Price Analysis. Source: TradingView However, if the uptrend reverses, AIXBT could face a pullback to $0.75. Failure to maintain this support might push the price down to $0.60 or lower, potentially invalidating the bullish outlook and erasing recent gains. Fasttoken (FTN) FTN recently achieved a new all-time high (ATH) of $3.90 despite modest weekly gains. The altcoin’s upward momentum is driven by intra-day highs, signaling sustained interest and growth potential. If FTN’s uptrend persists, the altcoin could break past the $4.00 mark, setting new ATHs and reinforcing bullish market sentiment. Continued demand will be crucial for maintaining this trajectory. FTN Price Analysis. Source: TradingView However, a decline in demand could push FTN back to test the $3.67 support level. Failing to hold this support risks invalidating the bullish outlook, potentially sending the price down to $3.50 and reversing recent gains.
TRON And RENDER Prices Face Resistance As Investors Flock To New PropFi Coin With Funded Trading Account Utility
The crypto crash in the past few days has seen most top altcoins bleed out their value and profits. Many, like TRON (TRX), have lost their New Year profits, while others, like Render (RNDR), face uncertain futures. However, one new PropFi coin has emerged as the most promising project in the market right now, and investors are quickly stacking up as experts predict that the new crypto could pump by 10,000% after its launch. Here’s more on TRX, RNDR, and the new PropFi coin! >>>JOIN FXGUYS HERE<<< TRON (TRX) Takes a 45% Hit After DeFi Token’s Stellar Rise in 2024 TRON emerged as a top network for developers and investors in 2024, with its native TRX token maintaining a consistent bullish outlook. Moreover, TRON solidified its position as a DeFi hub, as evidenced by its impressive revenue figures for the year. TRX revenue topped the blockchain revenue charts for DeFi tokens, surpassing Ethereum with about $200 million to end the year with about $2.19 billion in revenue. TRON is looking to top that up in 2025, and the new year hype seems to have the TRX coin well underway. However, the TRX price is already off its ATH by over 45%, as the DeFi token exchanges for about $0.24 . The TRON coin has shed considerable profits in the past few days, and the weekly timeframe reflects a 9.42% dip. Some new crypto projects are the most likely destinations for TRON investors who are now looking for viable alternatives. Presale Profits and Proprietary Trading Are Setting FXGuys Apart With limited opportunities for significant price movements elsewhere, the FXGuys ($FXG) presale has captured traders’ attention. However, FXGuys offers more than just potential for growth. Here are some key aspects of the project The FX Guys project is one where the traders and investors are equally valued, with the ecosystem sporting features for both classes of token holders. Traders get a funding program, which is FXGuys’ way of offering talented small-time traders a chance to control huge market positions. Proprietary trading is the statement feature, and traders only have to purchase and complete the trading challenges on the website to qualify for capital funding. Funding on FX Guys ranges from $2,500 to about $100,000, depending on the trader challenge selected, and the best part is that traders get to keep at least 80% of the profits for themselves. The investors won’t be too bothered about the profit sharing. It’s a source of passive income for them, and they get to stake their assets for yet another 20% annual yield, too. There’s also the option of hodling and anticipating experts’ prediction of a 100x surge for the PropFi coin. The Render (RNDR) Price Action Remains Uncertain After Market Dip Render’s RNDR enjoyed a similar run through 2024 as TRON, as RNDR gained popularity in the crypto market. The project was fresh from a 1,000% spike in 2023, and Render Network extended the wins in 2024. Following a move for rebranding and the hype around the November 2024 rally, the Render coin price reached a valuation of $9.91 in the past month. It has since fallen through to its current $7.03 price due to the bearish forces in the crypto market. The market lost almost $500 million in a few hours of profit-taking, and Render, among other DeFi projects, was severely affected. The RNDR token price is on 9.17% weekly losses, indicating how hard the Render bulls must work to get it back to $9. Maybe that’s why they are choosing FXGuys! >>>JOIN FXGUYS HERE<<< The $FXG PropFi Coin Aims For a 100x Price Pump! Price trends over the past few days have dashed investors’ hopes of a new year bull run. TRON, Render, and other top altcoins are bleeding down the charts, and investors are now diverting to the $FXG PropFi coin. While TRX and RNDR are struggling to hold their own, analysts have highlighted FXGuys’ proprietary trading as a way for traders and investors to stay ahead of the market correction that has plagued the top altcoins. The $FXG PropFi coin will also draw utility from the proprietary trading activities, which could help the DeFi token spike up to 100x. The $FXG public presale is live and in Stage 2. The PropFi coin has raised over $3.4 million, and at $0.04, investors still have the opportunity to position for a 150% ROI before $FXG launches at $0.10. Get on the presale website for $FXG tokens. Trade, stake, hold; it’s all profits on FXGuys! To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
XRP Reaches $3, Targets New All-Time Highs Around $4 or $5
XRP surpassed $3 and aims to break its ATH, targeting new highs around $4 or $5. Its price rose by more than 11.80% in the past day and has a volume of $44.43B. The liquidity map, orderbook liquidity, and indicators suggest that the bull run will continue. Once again, XRP has shown that it knows no bounds by breaking past the $3 milestone, first time ever since 2018. XRP is currently the most anticipated cryptocurrency, with growing investor interest and strong optimism about its future potential. In the past month alone, XRP has achieved meteoric growth by surpassing BNB, Solana, and Tether and taking the third spot in the crypto leaderboard. At the time of writing, XRP is trading at a price of $3.07, reflecting an astonishing 11.80% increase in just 24-hours and a surge of 89.4% over the past week. With its current trend, the community expects XRP to break its ATH of $3.84 and create a new ATH of $4 or even $5. XRP’s massive growth is highlighted by its $156.56B market cap, backed by a 24-hour trading volume of $44.43B, which has increased by 57.49% in the past day. Based on the data from Coinglass, the number of longs is greater than the number of shorts, indicating that the market is still expecting the prices of XRP to rise even further. The Orderbook liquidity delta chart points out that the number of investors bidding to buy XRP is far greater than investors willing(asking) to sell the coin. Furthermore, various technical indicators like CMF, RSI, and MACD suggest that the bull run for XRP is far from reaching the end. The XRP’s remarkable surge back to $3 is a testament to the coin’s resilience and investor confidence. With the help of a growing market cap, investor support, and bullish technical indicators, XRP is poised for future growth, surpassing its ATH and climbing to new highs. The post XRP Reaches $3, Targets New All-Time Highs Around $4 or $5 appeared first on Cryptotale.
XRP, Driven by Whales, Surges Within Striking Distance of ATH, Just 17% From Record
XRP is currently the standout asset in the cryptocurrency market's top 50 by market capitalization, marking a notable 13% increase within a single day. This uptrend propelled the cross-border payment token to an intraday high of $2.87 during Wednesday morning trading in Asia. Not far from its recent cycle peak, XRP is now a mere 17% shy of its all-time high, despite a slight retreat to $2.80. Over the past two weeks, the asset has soared by approximately 33%, setting it apart from other altcoins, which have seen declines. XRP's momentum can be partly attributed to significant accumulation by large-scale investors. On January 15, Santiment highlighted that wallets holding between 1 million and 10 million XRP are continuing to acquire substantial amounts, now owning over 37% more coins than two months prior. This accumulation has injected roughly $3.8 billion into XRP since November 12. Market observers are pleased to witness XRP, the third-largest cryptocurrency by market cap, hit $2.69 for the first time since December 17, 2024. This positive sentiment is bolstered by ongoing whale activity, with large holders enhancing their positions. Additionally, on January 15, Santiment expressed optimism regarding XRP's potential applications in banking and financial transactions. The firm noted predictions of considerable price and market cap growth, driven by speculation about potential ETF approvals which could open the door to substantial investments in XRP. Presently, XRP’s market cap stands at $160 billion, placing it third behind Ethereum and Bitcoin. In regulatory developments, the Securities and Exchange Commission (SEC) has denied a request to delay a brief filing relating to its appeal against a court ruling involving the fintech firm Ripple. Stuart Alderoty, Ripple's chief legal officer, criticized this move as futile, remarking that Chair Gary Gensler's departure next week marks the end of his extensive campaign against the crypto industry. Ripple CEO Brad Garlinghouse echoed these sentiments, characterizing Gensler's steadfastness to his contentious "regulation-by-enforcement" approach as characteristic of his tenure. Beyond XRP, other altcoins have also shown promise. Dogecoin (DOGE) gained 5%, reaching above $0.36, while Cardano (ADA) appreciated by 6%, reclaiming the $1 threshold. Stellar Lumens (XLM), which shares ties with Ripple, surged 8% to hit $0.47. Meanwhile, a recent report from Franklin Templeton has projected that AI agents will transform social media content creation this year, boosting interest in AI-related tokens.
How Many SUI Tokens You Need to Be a Millionaire
Sui Network records rapid growth with institutional support, innovative projects, and a doubling of its TVL in three months. Strategic partnerships and new token launches position Sui’s ecosystem as a strong contender in blockchain innovation and DeFi. The Sui Network persistently disrupts the cryptocurrency industry, breaking records almost daily. The SUI token was priced at just $0.03 in its first funding round in May 2023, so it has seen an amazing rise. Early investors are looking at a return on investment (ROI) of 15,185% at the present price of $4.60. More remarkably still, SUI’s all-time high (ATH) of $5.35 shows a ROI of 17,718%. Altcoin Buzz investigated two months ago the subject of how many SUI tokens one needs to become a millionaire. SUI cost $2 at the time; its worth has subsequently doubled. This notable rise begs once more the important question: how many SUI coins does one need to become a crypto millionaire? Ecosystem Growth and Rising Institutional Interest Sui has seen an explosion of activity inside its ecosystem throughout the last two months. Important events include token introductions into sectors such as gaming, artificial intelligence, DeFi, and even virtual casinos. Among the noteworthy initiatives are the Deep token, which has seen a 9x increase since its inception, and forthcoming tokens like CreaDex’s KDR token and Walrus’s Wall token. Sui is also becoming more of interest institutionally. Notable participants, including Franklin Templeton, Grayscale, and VanEck , have welcomed the network. Grayscale started an SUI trust; VanEck debuted an SUI-backed digital product in Europe. Sui’s Total Value Locked (TVL) also doubled in just three months and now stands at $2 billion. By stressing the network’s excellence above conventional EVM and non-EVM systems, Sui’s co-founder increased confidence even more. Sui leads the blockchain ecosystem, according to him, because it provides superior security and composability. Calculating the Path to Millionaire Status with SUI Tokens The major concern still for investors is: how many SUI tokens will allow one to reach millionaire level? Given the present price of $4.60, you would require over 217,391 tokens. Should SUI review its ATH of $5.35, the count reduces to 186,900 tokens. The next 12 months $SUI will go from $5 to $50 pic.twitter.com/lR7xq8rxzq — That Martini Guy ₿ (@MartiniGuyYT) January 12, 2025 But should the token price rise, what then? Just 40,000 tokens are needed at the estimated $25 price. At a price of $50, the figure drops to 20,000 tokens; at a speculative top of $65, you would only require 15,385 tokens. Sui is positioned for further development with its strong ecosystem, institutional support, and aspirational roadmap. “Any price under $5 is currently a good entry,” notes Altcoin Buzz.
AAVE’s Bullish Momentum: Can It Hit New All-Time Highs?
AAVE’s price has surpassed $450, with market indicators hinting at continued bullish momentum. The growing Open Interest across exchanges suggests strong investor interest. In the Binance AAVE/USDT Perpetual market, the Long/Short accounts ratio stands at 2.09. AAVE has become popular in the crypto space due to increased adoption and a surge in price. It is the native token of the Aave protocol, which is based on the Ethereum blockchain. According to CoinMarketCap, the price of the coin has surged by more than 100% in the last month and nearly 240% in the past year. Now, the coin is trading at a price of above $450, and if the current bullish momentum continues, it has the potential to overcome resistance levels and surpass its previous ATH of $666.86. According to Coinglass, the total AAVE’s future Open Interest is about 998.47K AAVE, worth $338.50M and a 24-hour OI Change of -4.64%. In addition, Binance leads the Open Interest with 358.24K AAVE worth $121.42M and an OI Change (24h) of -10.40%. Bybit has 217.22K AAVE with a value of $73.60M and -14.22% OI change, and OKX has 136.90K valued around $46.40M and 24-hour OI Change of -6.59%. All this indicates strong investor interest across all major exchanges, hinting at a continued bullish momentum for AAVE. Based on the data from the Binance AAVE/USDT Perpetual market, 67.63% of accounts are holding long positions, and the remaining 32.37% are held by short positions, leading to a Long/Short accounts ratio of 2.09. This value indicates that for every short position, two long positions are being held, representing a strong bullish sentiment. The Aggregated Orderbook Liquidity Delta Chart for AAVE on a 1-day timeframe indicates that the Bid and the Ask price are currently equal with the liquidity at $1.83M. This equilibrium hints at a temporary standoff between buyers and sellers, representing indecision in the market. If the bids increase, it could point to a price increase, and if the asks surges, it could represent a price decline. Related: https://cryptotale.org/aave-token-review-key-to-governance-and-defi-innovation/ AAVE is currently experiencing a bullish surge with a massive increase in price and strong market activity. The rising Open Interest and the superior long positions in the Binance AAVE/USDT Perpetual market suggest continued investor interest in the market, with the potential to create a new ATH. The post AAVE’s Bullish Momentum: Can It Hit New All-Time Highs? appeared first on Cryptotale.
Aethir Expands GPU Network with EigenLayer, Offers New Staking Opportunities
Aethir, the DePin “GPU-as-a-Service” firm, has announced a collaboration with EigenLayer, a blockchain platform that introduces restaking solutions. This integration is poised to help change decentralized cloud computing by boosting scalability and simplifying the onboarding process for non-Web3 native GPU providers. Aethir Partners with EigenLayer Amid Network Expansion In a press release shared with BeInCrypto, Aethir said the integration with EigenLayer’s Actively Validated Services (AVS) model will allow the platform to expand its decentralized network further. The partnership also introduces an opportunity for Aethir’s community to participate in staking via EigenLayer’s solution. This enables retail stakers to delegate ATH tokens to validators within the EigenLayer ecosystem. The move opens up new revenue streams for token holders. The partnership also supports the onboarding of new GPU compute providers, especially those constrained by cryptocurrency regulations. “This integration with EigenLayer represents a key milestone in Aethir’s journey to redefine the future of decentralized cloud computing. By leveraging EigenLayer’s restaking framework, we are not only enhancing the staking opportunities for our community but also unlocking new growth opportunities for compute providers and enterprises alike,” said Daniel Wang, CEO of Aethir. Aethir’s financial performance over the last year highlights its growth trajectory. The company has deployed more than 397,000 GPU containers across 93 locations worldwide. These include over 3,000 powerful NVIDIA H100 units and more than 59,000 Aethir Edge devices. Aethir also recorded annualized revenue of over $91 million, based on the last five months, through its on-chain protocol. Aethir’s New Horizons program is another key part of the company’s strategy to expand its network by attracting high-quality cloud hosts. The program offers compute providers joining the platform annual percentage rates (APRs) of 200%–400%. In addition, Aethir’s $100 million Ecosystem Fund continues to drive the adoption of its compute platform. The fund supports the development of AI and gaming applications. It provides access to Aethir’s powerful GPU network at competitive prices. Aethir has also launched all four batches of its AI Agents program, accelerating the adoption of its compute platform. Moreover, Aethir has recently completed several AI development partnerships, including cloud-focused projects in October and blockchain gaming research collaborations in November. In December, Aethir announced a partnership with Beam and MetaStreet to launch a $40 million AI compute initiative. The group calls the project TACOM and aims to create a framework for GPU allocation based on crypto.
AI Agent AIXBT Rallies 74% in 24 Hours, Invalidates Traders Skepticism
AIXBT by Virtuals has experienced a remarkable 74% rally in the last 24 hours, recovering losses from the previous 12 days and achieving a new all-time high (ATH) of $0.75. This surprising price surge defied the bearish expectations held by many traders, highlighting the growing interest in this altcoin. AIXBT Has Traders’ Interest AIXBT’s Open Interest has more than doubled within the last 24 hours, rising from $73 million to $154 million. This significant increase indicates heightened attention from market participants, with the altcoin gaining traction among both retail and institutional investors. This surge in Open Interest reflects growing engagement with the asset. However, rising interest doesn’t always signify bullish sentiment. Traders appear divided, as some anticipate continued upward momentum while others remain skeptical. The increased activity highlights AIXBT’s volatility, which has become a focal point for speculative trading. AIXBT Open Interest. Source: Coinglass AIXBT’s funding rate was negative 24 hours ago, signaling that traders expected a correction and were betting against the asset. This bearish sentiment aligned with heightened volatility, but it backfired as short liquidations surged, amounting to $2.3 million. These liquidations forced traders to reevaluate their positions. The sharp shift in sentiment following the short liquidations pushed traders toward a more positive outlook. The renewed bullish momentum now positions AIXBT for continued growth, supported by market interest and reduced selling pressure. AIXBT Funding Rate. Source: Coinglass AIXBT Price Prediction: New ATH Ahead AIXBT’s price soared by 74% over the last 24 hours, climbing to $0.74 and achieving a new ATH of $0.75. This surge represents a significant recovery, solidifying its position as a top-performing AI-powered altcoin. This AI Agent is currently holding above the $0.60 support level, a critical threshold for maintaining upward momentum. If AIXBT sustains this level, it could continue its rally, potentially forming higher ATHs and delivering strong returns to investors. AIXBT Price Analysis. Source: TradingView However, if profit-taking intensifies, AIXBT risks falling below the $0.60 support. Such a decline would erase recent gains, invalidate the bullish outlook, and potentially push the price down to $0.33, highlighting the volatility that traders must navigate.
Challenging Critical Support
Executive Summary Bitcoin has entered a correction phase, trading -11% below its ATH of $108k but remaining above key support levels, retaining a constructive market structure. Z-Score analysis suggests cyclical highs typically align with various metrics trading 1.5 to 2.0σ above the mean, offering a framework to help navigate bullish market phases. Bitcoin's current price is around 10% above the Short-Term Holders' cost basis of $88.4k, underscoring a potential risk of downside if momentum stalls and price trades below this level. Unrealized losses are concentrated among short-term holders, with 2.0–3.5M BTC held underwater, reflecting moderate stress in the market. Relative Unrealized Losses peaked at 4.3% during Q3 2024, significantly lower than prior cycles driven by external shocks, highlighting a more spot-driven and patient market. 💡 View all charts in this edition in The Week On-chain Dashboard. Evolving Peaks The Realized Price reflects the average price at which all Bitcoins last moved on-chain, thus representing the market's aggregate cost basis. The MVRV Ratio is the ratio between the spot price, and the realized price, and it gauges the magnitude of unrealized profit held on average. Values above 1 signal an average unrealized profit, and trading below 1 indicate an unrealized loss. The MVRV ratio is currently trading at 1.32, indicating the average unit of BTC is holding an unrealized profit of 32%. This structure is similar to post-ATH in mid-April 2024, suggesting an overall undertone of positive sentiment despite the market correction. Live Chart Over the years, Bitcoin's market has matured, which is accompanied by a cyclical decay in the peak values of MVRV near cyclical tops. This reflects an overall dampening of speculative extremes as the asset grows in size. Each market cycle has seen progressively lower MVRV highs, signalling lower average unrealized profit multiples being reached: 2011: 8.07x 2014: 6.00x 2018: 4.81x 2021: 3.98x 2024: 2.78x (to date) This decline describes a gradual reduction in volatility and speculative intensity as the market grows in scale and liquidity. It also suggests that, whilst Bitcoin remains cyclical, each peak becomes relatively less exaggerated, aligning with a more mature and efficient market structure. Live Chart To account for the diminishing peaks in MVRV over successive cycles, we can employ statistical methods to normalize its oscillating range. One such widely accepted approach in financial time series analysis is the Z-Score, calculated using the formula: Z-Score = (X - μ) / σ Where: X is the observed value, μ is the mean, σ is the standard deviation. In calculating the Z-Score, we can either use the entire historical dataset for a cumulative view or adopt a shorter rolling window to better capture the dynamic nature of financial cycles and diminishing peaks in MVRV. Using the entire historical data for the MVRV Z-Score transformation can lead to some distorted results, as earlier cycles with much higher peaks skew the mean and standard deviation, making them less reflective of current market conditions. Live Chart Therefore, in an attempt to account for these effects, we have optimized the rolling window by reducing its length and thus using more recent market history as our benchmark. The chart below compares the cumulative Z-Score with a version calculated using a 4-year rolling window. Despite this attempt to adapt to the dynamic nature of market cycles, the results remain nearly identical, and the issue of decaying peaks in MVRV persists unresolved. Live Chart Moving to a 2-year rolling window for the Z-Score calculation (blue), the peak observed in the most recent cycle ATH in March 2024 aligns closely with the peak ranges of the previous two cycles. In this instance, we have now adjusted for the diminishing MVRV peaks. However, significant market highs in Q4 2015, Q3 2019, and Q2 2023 are not flagged by the 2-year rolling window Z-Score, suggesting there may be further optimization potential. Live Chart Finally, we have applied a 1-year rolling window to the Z-Score calculation, resulting in a more refined and promising transformation. This approach works to identify both the mid-cycle and late-cycle peaks on a similar scale, offering a clearer representation of near-term market dynamics. This 1yr MVRV Z-score reveals that cyclical bulls consistently reach local and global peaks 2σ range, where investor profitability has increased significantly over a relatively short period of time. During bear market phases, local and global lows are captured when MVRV trades -1.5σ from the mean. This improved MVRV Z-Score may provide a more responsive framework for identifying key market turning points throughout the cycle and helps adjust for the overall diminishing peaks near the extremes. Live Chart Now that we have optimized the rolling window to 1yr, we can extend this framework to back-calculate the threshold price levels which would define these near-term peaks and troughs. Bull markets are characterized by prices trading between the 1-year mean, and peaking around 2σ above it. Conversely, bear markets see prices remain below the mean, with significant lows occurring near -1.5σ. This structured approach allows for a clearer delineation of market phases. Currently, Bitcoin is trading at $94,398, positioned above the 1-year mean of $90.9k but below the +2σ threshold at $112.6k. This suggests the market remains in a bullish phase, though it has retreated slightly from recent euphoric levels, which were above the upper band at the time. Live Chart Assessing The Correction With the 1-year MVRV Z-Score model showing the market cooling off from a powerful rally, we can now assess the state of investor profitability by measuring the unrealized losses held. This helps to gauge market participant incentives and identify key areas of risk to keep an eye on. First, by analyzing the Entity-Adjusted Cost Basis Distribution of the circulating supply, it becomes clear that all unrealized losses are concentrated among short-term holders—investors who acquired their coins in the last 155-days, near the market peak. Live Dashboard Focusing on short-term holders as potential sellers under pressure, if the current market drawdown deepens, we can look for areas where unrealized losses may become severe. The average Short-Term Holder cost basis is currently trading at $88.4k. Based on a similar statistical approach covered above, we have also displayed a high ($125.5k) and low ($68.5k) band, representing typical limits of price action during bull and bear markets. The spot price is currently trading 9.2% above the Short-Term Holder cost basis, indicating that the market is still within the norms of a typical bull market. However, if the market fails to regain upward momentum, there is a heightened chance that falling below the STH cost basis could precipitate near-term stress, and potentially additional sell-side out should investors start to panic. Live Chart In order to better gauge the degree of stress experienced, we can assess the BTC supply, which is currently in a state of unrealized loss. From a historical perspective, over the last 10 years, we can observe that: During bull markets, the number of coins underwater has typically remained below 4 million. Early bear market stages have been marked by 4–8 million coins held in loss. This week, the volatility in the market pushed between 2.0 and 3.5 million coins into loss. While significant, this range is still lower than the 4 million coins in loss during the local market low set between July and September 2024. This suggests that the current market is likely in a less distressed state than it was during the previous corrective phase. Live Chart Another dimension for measuring pain in the market is the Relative Unrealized Loss metric, which measures the ratio of unrealized losses (in USD) relative to the market capitalization. Reviewing recent cycles highlights parallels between the current market and the 2016–17 bull market. Unlike the 2019–22 cycle, where external shocks like the COVID-19 pandemic and the China mining ban pushed the Relative Unrealized Loss to levels exceeding 10%, the Q3 2024 consolidation phase only pushed this metric to ~4.3%. It could be argued that the current market cycle has experienced less acute stress, likely due to shallower drawdowns, reduced volatility, and the new spot demand brought in via the ETFs, as well as institutional investors. Live Chart Conclusion Bitcoin has entered a correction phase and is trading 11.1% below its ATH of $108k. However, the spot price is still trading above several key support levels, suggesting the bullish market structure remains intact for now. This is compounded by the relatively light levels of distress in the market, as measured by historically small unrealized losses held by market participants. We also showed how an optimized MVRV z-score using a 1-year rolling window provides a framework to navigate near-term bullish and bearish market phases. According to this model, we are also still within bullish territory, although the Short-Term Holder cost basis remains $88.4k is a key level to watch for maintaining constructive sentiment. Disclaimer: This report does not provide any investment advice. All data is provided for information and educational purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies. Please read our Transparency Notice when using exchange data . 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Kaspa (KAS) Backs On Bullish Track With Double-Digit Rally: Chart Pattern Hints Big Gains
Date: Tue, Jan 14, 2025, 12:08 PM GMT In the cryptocurrency market today, we are witnessing a strong rebound after a sharp correction yesterday, where Bitcoin (BTC) plunged to a low of $89,216 before recovering to above $96K, posting an impressive surge of over 5.61%. Following this momentum, Kaspa (KAS) has captured the spotlight with an impressive double-digit rally of over 18%, signaling a return to bullish sentiment after enduring a month of consolidation. Source: Coinmarketcap Double Bottom Signals Big Gains Kaspa (KAS) has formed a textbook Double Bottom pattern, a bullish reversal setup that often hints at significant upward potential. Last month, KAS faced rejection at the neckline level of $0.1895, leading to a price decline that bottomed out at $0.11. After weeks of consolidation at this support level, the price has finally rebounded, indicating renewed bullish momentum. Kaspa (KAS) 1D Chart / Coinsprobe (Source: Tradingview) Currently trading at $0.13, the double bottom pattern suggests that KAS is poised to climb toward the neckline resistance at $0.1895, representing a potential 43% gain from the current price. If KAS manages to break above the neckline with a successful retest, it could confirm the start of a fresh upward leg, paving the way for a rally toward a new all-time high (ATH). Technical Indicators Support Bullish Outlook The MACD (Moving Average Convergence Divergence) indicator shows early signs of bullish momentum. The MACD line is crossing above the signal line, indicating that buying pressure is increasing. Additionally, the histogram is shifting into positive territory, further supporting a bullish case. The RSI (Relative Strength Index) has also climbed above 51, suggesting that the asset is exiting oversold conditions and entering a zone of strength. This reinforces the likelihood of a continued upward trajectory. Conclusion Kaspa (KAS) has reentered the bullish spotlight with a strong rally and the formation of a promising double bottom pattern. With favorable technical indicators and a clear upward trajectory, the cryptocurrency could be setting the stage for substantial gains. However, breaking the neckline resistance and maintaining momentum are critical for this bullish scenario to unfold fully. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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