John P. Njui

Blog Info Ethereum World News
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Apr 11 2021

Bitcoin Whales Holding 100k+ BTC Increase to an 11 Month High

Summary: The number of Bitcoin whales holding 100k BTC or more has hit an 11 month high The whales now control 2.20% of Bitcoin supply up from 0.76% 11 weeks ago At the same time, smaller addresses of 1k - 100k Bitcoin have dropped The drop could be attributed to selling before BTC broke $60k Bitcoin could lose the $58k support zone during...

XRP is On Track to Reclaiming its Number 3 Spot on Coinmarketcap

In brief: XRP has gained by almost 20% in 24 hours and 128% in a week XRP is currently ranked 4th after edging out Tether, Cardano, Polkadot, and Litecoin $9.238 Billion in market cap separates XRP from the number 3 spot held by Binance Coin (BNB) XRP could reclaim the number 3 spot if its current momentum is maintained, coupled with a BNB...

Apr 10 2021

Filecoin (FIL) to Power Video NFTs Through Integration with VideoCoin

In summary: VideoCoin (VID) will be integrating Filecoin (FIL) to power the Video NFT market Filecoin will provide the necessary storage capacity for Video NFTs Video-based NFTs are gaining popularity and proof of ownership on Filecoin will be a gateway towards video origin verification The decentralized file storage project of Filecoin (FIL) will soon be the home of video NFTs thanks to an...

1inch Network (1INCH) Surpasses $30B in Total Trading Volume

In brief: 1inch Network (1INCH) has surpassed $30 Billion in total trading volume 1inch Network is available on both Ethereum and the Binance Smart Chain The 1INCH token was listed on Coinbase yesterday, April 9th 1INCH Token has experienced 28% gains in a 7 day period The 1inch Network (1INCH) decentralized platform has now surpassed $30 billion in total trading volume. The project,...

Bitcoin OGs Stopped Dumping After Tesla Bought BTC – Analyst

In brief: Bitcoin long term holders, aka OGs, are no longer selling after Tesla bought BTC Bitcoin old hands are extremely strong and their lack of selling, points to new highs for BTC Bitcoin has since reclaimed $60k liquidating $550 million in shorts A new all-time high by Bitcoin might just be a few days away Veteran Bitcoin analyst, Willy Woo, has pointed...

Apr 09 2021

Ripple joins the Crypto Climate Accord With a Focus on Sustainability

In summary: Ripple is now a member of the Crypto Climate Accord The organization brings together like-minded companies to lead sustainability in blockchain and crypto The Crypto Climate Accord aims at making the crypto industry 100% renewable The remittance company of Ripple is now a member of the Crypto Climate Accord. The company made the announcement yesterday and further explained that the Crypto...

XRP’s Head & Shoulders Pattern on the Weekly Chart Points to New Highs

In summary: Veteran Trader, Peter Brandt, has identified a head and shoulders pattern on the weekly XRP chart A continuation of the pattern could translate to new highs for XRP XRP is trading at levels last seen in early 2018 The weekly chart is yet to show exhaustion and XRP could reclaim the number 3 spot on Coinmarketcap Veteran trader (futures, Forex and...

Binance Smart Chain’s Top 5 Dapps Exceed 283k Active Wallets in 1 Week

Summary: The top 5 Dapps on the Binance Smart chain have exceeded 283k in unique active wallets Binance Smart Chain Now hosts 63.63 million unique addresses Binance Coin (BNB) has hit a new all-time high of $439 with no signs of slowing down The top 5 decentralized applications on the Binance Smart Chain have reached over 283,430 unique active wallets in the last...

Apr 08 2021

Cardano (ADA) To Have Smart Contracts in About Four Months

In brief: Smart contracts will be added to the Cardano mainnet with the Alonzo Upgrade Alonzo will be activated on Cardano in 'about four months from now' Smart contracts will allow Cardano developers to create DApps for industries such as DeFi The Cardano (ADA) network will soon have smart contract capability. The team at IOHK made the announcement earlier today stating that smart...

Mar 27 2021

Bitcoin’s 30-Day Correlation with the S&P500 Reaches March 2020 Levels

In brief: Bitcoin's 30-day rolling correlation with the S&P 500 has increased to levels last seen in March and October of 2020 Bitcoin's correlations with gold, bonds and the dollar index (DXY) have decreased Bitcoin price is currently more influenced by the global macro events BTC is currently challenging gold as an ideal hedge against inflation Bitcoin's correlation with the S&P 500 has...

Mar 26 2021

Ethereum has Had Positive Returns for 10 of the last 12 Months

In brief: Ethereum's monthly returns have been positive for 10 of the last 12 months Ethereum is well on its way towards closing March on a positive note The recent dip to $1,537 could set the pace for Ethereum retesting $2k in April The digital asset of Ethereum has had a volatile few days and the turmoil might have caused many traders to...

Bitcoin Miners are Now Holding BTC, Uptrend Likely in April

In brief: Bitcoin Miners' Position Index (MPI) has been low since March 6th Bitcoin miners are now holding BTC rather than selling 90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional selling April could be a green month based on historical data Bitcoin miners are now holding their BTC rather than selling it in the crypto markets as witnessed...

Mar 25 2021

Chainlink’s Price Could Benefit from a Dormant Social Sentiment

In brief: Social media discussions surrounding Chainlink have been dormant since mid-February This might be a good thing as digital assets usually rise in price when there is no crowd excitement However, Chainlink's active addresses are declining alongside deposits to crypto exchanges The number of Chainlink whales with 10k LINK or more has also been on the decline Chainlink is currently battling to...

BTC Addresses Hodling 1 BTC or Less Have Been Stacking Since Mar. 2018

In brief: Bitcoin investors holding 1 BTC or less have continued to accumulate sats since March 2018 This group of Bitcoin investors has weathered the volatility for 3 years and now own 5.2% of Bitcoin's supply Holders with 0.1 to 1 BTC increased significantly after the Coronavirus dip of March 2020 Bitcoin holders owning 1 BTC or less, have been continually stacking sats...

Mar 24 2021

Chainlink Oracles to be Integrated by Filecoin (FIL)

In brief: Filecoin (FIL) is in the process of integrating with Chainlink The move will create an end-to-end Web 3.0 development stack which will enable bidirectional communication between the Filecoin and smart contracts Chainlink and Filecoin Trusts were recently launched by Grayscale Chainlink now has a total of 461 projects that have integrated its technology The decentralized file storage project of Filecoin (FIL)...

Theta Token Edges out LINK, LTC as Institutions Stake $100M in THETA

Summary: Theta (THETA) is now a top ten digital asset in terms of market cap THETA is ranked 9th after edging out Litecoin and Chainlink THETA has gained almost 100% in one week and 19,542% in one year as fundamentals continue to be strong Sierra Ventures, Heuristic Capital, VR Fund, and GFR Fund have staked more than $100M in THETA to a collective...

Bitcoin Paid to Tesla for Vehicles Will Be Retained as BTC – Elon Musk

Summary: Bitcoin is now a payment option when buying a Tesla Elon Musk has also clarified that the Bitcoin paid to Tesla will be retained as BTC and not converted to fiat Tesla accepting Bitcoin is a giant leap forward for BTC and digital asset adoption Bitcoin is once again above $55k and the Tesla news could provide some stability this week The...

Mar 23 2021

Ethereum Blocks are Consistently Full Due to DeFi – Report

Summary: Ethereum blocks are consistently full since the rise of DeFi in mid-2020 The majority of Ethereum blocks are at 95% or more Blocks can only include a specific amount of transactions and users are consistently paying higher fees to get their transaction processed quicker Transaction fees now make up 50% of Ethereum miner revenue Blocks on the Ethereum network are consistently processing...

Chainlink Team Has Dumped 34M+ LINK on Binance – Zeus Capital

Summary: Zeus Capital has continued to rattle the Chainlink project, constantly insinuating it is a scam The latest accusation is that the Chainlink team has been dumping LINK on Binance since last summer Zeus Capital highlights a Chainlink address holding 90k LINK and claims it once had 34.5 million tokens According to Zeus, the address sold 1M LINK per month and soon graduated...

117k Bitcoin Quarterly Options Expire this Friday, March 26th

Summary: 117k Bitcoin Options expire this Friday, March 26th The maximum pain point for the expiry is $44k according to the team at Deribit Insights Bitcoin has lost the $55k support zone with $53k the level to watch moving forward A drop to $49k seems likely Bitcoin will undergo a big quarterly expiry of options this Friday, March 26th. According to data from...

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