intotheblock

Is Litecoin becoming the hub of FOMO among the older cryptos

When AMCTheatres enabled the option to pay in cryptos, Litecoin registered a decent hike. The reasoning seemed genuine and even additional metrics pointed out that it was probably an organic rise in the short term. However, on further research, it appeared that Litecoin has begun following a pattern. One where it goes up by a significant margin, sits there for a while, and then drops back down, canceling all or most of the growth. An example of the same can be found on the chart itself. For better reference, occurrences

COMP’s incentive crisis and what lies ahead for alt’s price

The DeFi space has accelerated at a pretty good pace of late, despite some setbacks in the first half of the year. In 2021 alone, the ecosystem reported a growth rate of over 20x. A lot of upcoming protocols like Abracadabra have made star entries recently too. Even so, platforms like Maker, Aave, and Compound are ruling the roost, still maintaining their spot in the top five in terms of total value locked.  Maker and Aave have had their fair share of price pumps over the last couple of months. However,

48,000% Returns? Popping the Hood on NFT Mania

On-Chain Markets Update by Lucas Outumuro, IntoTheBlockNFT mania continues to grow, with new drops popping up everyday and Ethereum’s gas prices consistently back above triple digits. The recent wave into NFTs was further amplified by Visa’s acquisition of a CryptoPunk and Budweiser’s buy of the beer.eth domain. Prices of notable NFT collections such as CryptoPunks and Bored Ape Yacht club had already been climbing throughout the past month and accelerated this week amidst the institutional interest coming into the space. This has led to impressive growth in volumes trading at OpenSea

What are the odds of Dogecoin rallying to $1

Dogecoin’s price has significantly rallied by 21.21% over the past day. In fact, its weekly gains stood slightly lower (20.42%) than the daily gains at the time of writing. Amidst the recent price pump, the ‘DOGE to $1’ debate has resurfaced and the loyal community seems to be pretty excited at the moment. Are market participants buying? The buy-sell actions usually give an insight into whether or not a particular price trend can continue down the same path. Interestingly at the time of writing, the cumulative sell orders, by and large,

Bitcoin: How much influence can these investors hold

Bitcoin is speculated to have a major bull run this year. But the question remains – who really is heading this rally? When compared to the previous bull market some interesting observations can be seen.  Bitcoin follows who? Back in 2017, it was whales. Whales led the bull market of 2017, which placed BTC from $990 to $13,400. This year that leader needs to change as the entity which should be leading the bull market needs to be you and me – the retail investors. In the last 7 months,

This is a good sign for Bitcoin Cash BUT….

For the first time since June, Bitcoin’s price slipped below the $30k level on Tuesday. This dip managed to stir chaos in the market. However, the king coin was quick to recover and was trading just under $32k, at press time, thanks to the hype associated with the B Word conference. To put it in the words of Changing Zhao of Binance, “The market likes to play with our emotions.” Bitcoin’s 6.2% hike over the last 24 hours was well reflected in the one-day RoI of most alts. In fact,

Cryptocurrency News Roundup for August 17, 2020

More than nine out of ten bitcoins in supply are currently in the money, meaning they have yielded a higher return-on-investment for their owners over time. And this profitability is not just confined to the alpha-crypto. According to new data from cryptocurrency analytics firm, IntoTheBlock, nearly 95% of all Chainlink (LINK) and 94% of all VeChain (VET) addresses are currently in profit. In fact, barring a few exceptions such as Litecoin (LTC), most of the major wallet-bound altcoins are earning sizeable profits for their holders. More on that and other