Santiment, a leading crypto analytics firm, has shared a fresh evaluation of Ethereum (ETH), pointing to significant challenges the asset has faced recently.
Over the past seven weeks, Ethereum’s market cap has seen a sharp decline of 36%. This drop has led to a noticeable decrease in the percentage of ETH holdings that are in profit since its launch.
The current levels of profitability are the lowest in four months, with the number of profitable coins also reaching a three-month low.
The negative sentiment surrounding Ethereum has been amplified by its underperformance relative to other prominent altcoins, leaving the crypto community disheartened.
As fear, uncertainty, and doubt (FUD) spread and retail investors show signs of selling off, some analysts speculate that ETH could experience unexpected surges in value if the overall market starts to recover.
The U.S. Department of Justice has sentenced Dwayne Golden, 57, of Pennsylvania to 97 months in prison for orchestrating a fraudulent crypto investment scheme that stole over $40 million from investors.
Snorter Token ($SNORT) is a new meme coin and utility token designed to enhance crypto trading with its Telegram-native trading bot, Snorter Bot. This bot is equipped with sniping capabilities, copy trading, and swap functionalities, offering traders the ability to profit from the volatile crypto markets. As the presale has garnered significant attention, raising over […]
According to a new report from CryptoQuant, recent Binance netflow data reveals a clear divergence in altcoin behavior — offering insights into which tokens may be poised for upside and which could face near-term sell pressure.
Cryptocurrency analysis firm Santiment has revealed the words that have attracted the most attention in the cryptocurrency community in the last 24 hours.