On 2024-02-24, the cryptocurrency market witnessed various trading signals indicating buy and sell positions across multiple assets. BTC and ETH received medium confidence buy signals, attributed to Block’s increased profit from Bitcoin sales and strategic Bitcoin-related investments for BTC, and for ETH, the DEX volume leadership hinting at strong user and development activity. Conversely, LUNA was advised for selling due to a weakening foundation within the Terra ecosystem, with a significant percentage of its projects failing. UNI presented mixed signals with buy recommendations due to a new proposal incentivizing token holding and its position to benefit from DEX sector growth, despite a sell signal triggered by a significant price surge suggesting a short-term peak. ETH garnered additional buy confidence from the launch of Cronos zkEVM, enhancing its network scalability and transaction efficiency. GMX buy signals were reinforced by announcements of product innovations such as GMX Bridge and GMX Chain, indicating robust development activity. The CoW Protocol (COW) was recommended for buying, reflecting strong market interest. SHIB also received a buy recommendation based on an optimistic price increase forecast, driven by aggressive token burns and Shibarium development. Assets like UNI and SOL had unclear trading signals, reflecting the complexities and nuances in market directions. Altogether, the day highlighted a diverse set of opportunities and risks within the cryptocurrency market, emphasizing the dynamism and rapid evolution of asset valuations and investor sentiment.
2024-02-24 - Signals on 27 crypto assets (BTC, ETH, LUNA, UNI, GMX, etc)
BTC
ETH
LUNA
UNI
GMX
COW
SHIB
XRPAEVOBNB
ADA
DYDX
CRO
SUSHI
CAKE
AXS
MANA
SOL
COTI
AAVE
ORBS
CRV
FET
LINK
DOT
GRT
DOGE
BUY Bullish trend
Micro signals during the day
22:49
ECB Advisors Criticize Bitcoin ETF Approval, Argue Cryptocurrency's Fair Value is Zero
Critical comments from ECB advisors about Bitcoin's utility and investment value may dampen investor sentiment, potentially leading to a price decrease.
19:47
Block Reports $66 Million Gross Profit from Bitcoin Sales Through Cash App in Q4 2021
Block’s increased profit from Bitcoin sales and strategic investments in Bitcoin-related ventures signal a strengthening confidence in BTC, potentially driving its price up.
18:03
Bitcoin Enters Consolidation Phase Near $52K Resistance Level
With the market's uncertainty and potential volatility due to Bitcoin's current state, more speculative assets like SOL might experience amplified fluctuations, suggesting a risk reduction strategy.
18:03
Bitcoin Enters Consolidation Phase Near $52K Resistance Level
Ethereum often correlates with Bitcoin's major movements, and with Bitcoin's bias towards breaking out, ETH may see similar bullish behavior, making it a good buying opportunity.
16:46
Aevo Launches Futures on Portal at $2.53
The launch of Aevo futures on the PORTAL platform could potentially increase demand and trading volume for Aevo, likely driving up its price.
15:57
DEX Protocol Tokens Experience Price Drop
SUSHI's 4.48% drop reflects ongoing challenges, and its weaker market position makes it a higher risk for short to medium-term investment.
15:57
DEX Protocol Tokens Experience Price Drop
The 5.82% drop in UNI price is likely a short-term reaction, and its strong fundamentals suggest potential for rebound.
15:28
Suspected Whale Address Sells 40,317 UNI Tokens, Potentially Losing $380,000
A major whale sale of 40,317 UNI tokens may induce a short-term price drop due to increased supply.
14:58
Uniswap Team, Investors, and Advisors Wallet Sells 90,000 UNI Tokens
The sale of 90,000 UNI tokens by the Uniswap Team/Investors/Advisors wallet may indicate insider bearish sentiment, potentially lowering UNI's price.
14:51
Ripple and SEC Lawsuit Approaches Crucial Trial in April 2023
A positive Ripple lawsuit outcome could enhance regulatory clarity within the crypto sector, indirectly supporting the growth of foundational platforms like Ethereum.
14:51
Ripple and SEC Lawsuit Approaches Crucial Trial in April 2023
The Ripple v. SEC case outcome might set a significant precedent for the cryptocurrency sector, potentially boosting overall market confidence and particularly benefiting established coins like BTC.
14:51
Ripple and SEC Lawsuit Approaches Crucial Trial in April 2023
The upcoming Ripple lawsuit trial against the SEC, along with partial court wins for Ripple, indicates a potential positive outcome that could boost XRP's value.
14:47
Consensys to Launch Third Commemorative NFT for Ethereum Cancun-Deneb Upgrade
The Ethereum Cancun-Deneb upgrade and the associated commemorative NFT launch by Consensys signal a strong community and technological advancement, likely increasing demand for ETH.
14:14
TinFun NFT Project Set to Launch Tonight
TinFun's NFT launch on Ethereum blockchain heightens demand for ETH due to transaction fees and minting.
13:47
比特币价格涨至52,000美元，但涨势可能减弱
Bitcoin is experiencing its first negative week since the end of January due to a reduction in momentum, suggesting a potential short-term decline.
13:47
以太坊链上DEX交易量位居首位，达14.52亿美元
BSC's second-place position in DEX volume suggests robust ecosystem activity which may positively impact BNB's value as the native token.
13:47
以太坊链上DEX交易量位居首位，达14.52亿美元
Ethereum's DEX volume leading the market indicates a strong user and development activity on its network, hinting at potential price appreciation.
13:47
报告：近三分之二加密项目已消亡
ETH could benefit from a shift towards more established cryptocurrencies amidst revelations of widespread project failures within lesser-known ecosystems.
13:47
报告：近三分之二加密项目已消亡
BTC might see increased demand as a safe haven given the news of high failure rates among altcoin projects, strengthening its value proposition.
13:47
报告：近三分之二加密项目已消亡
ADA, being integral to the Cardano ecosystem which saw 74% of its projects classified as failed, might face a downturn due to eroding ecosystem trust.
13:47
报告：近三分之二加密项目已消亡
LUNA, part of the Terra ecosystem, which is reported to have 74% of its projects failing, signals a weakening foundation likely leading to decreased investor confidence.
13:47
XRP在多个国家的谷歌搜索中超越以太坊
Last year's rapid price increase of approximately 1000% for SOL may lead to a potential market correction as investors might decide to realize their gains.
13:46
XRP在多个国家的谷歌搜索中超越以太坊
XRP's popularity has surged as evident from it outperforming Ethereum in Google searches in several countries, hinting at growing interest and potentially increased demand.
13:46
Zhu Su：UNI费用转换开启价值累积代币经济新时代
DYDX is expected to follow Uniswap's initiative in fee distribution, potentially boosting its attractiveness and value to investors.
13:46
Zhu Su：UNI费用转换开启价值累积代币经济新时代
Uniswap's new proposal incentivizes holding UNI by distributing protocol fees to staked and delegated token holders, likely increasing demand and value.
13:46
谷歌与 Reddit 建立合作伙伴关系以训练 AI 模型
The Graph could see increased usage as projects seek to index and query data more efficiently in light of the growing AI applications on blockchain highlighted by Google's AI efforts.
13:46
谷歌与 Reddit 建立合作伙伴关系以训练 AI 模型
Fetch.ai, focusing on AI for blockchain, could benefit from heightened interest and investments in AI-driven services like Google's partnership with Reddit.
13:46
谷歌与 Reddit 建立合作伙伴关系以训练 AI 模型
Chainlink may gain from increased AI activity on blockchain, as Google's use of Reddit's API for AI could boost demand for oracles linking real-world data to smart contracts.
13:46
谷歌与 Reddit 建立合作伙伴关系以训练 AI 模型
The partnership between Google and Reddit for AI content training may increase demand for Ethereum due to its leading position in AI and blockchain integration.
13:46
加密货币总市值逾1.96万亿美元，比特币占有率为51.1%
With BTC's dominant market share, altcoins like SOL might experience less investor interest, potentially leading to a decrease in its price.
13:46
加密货币总市值逾1.96万亿美元，比特币占有率为51.1%
Given the high overall market capitalization and trading volume, interest in leading cryptocurrencies like ETH is likely to increase, potentially driving its price up.
13:46
比特币 NFT 项目 Pizza Ninjas #1 登陆苏富比拍卖
The auction of the Bitcoin NFT project Pizza Ninjas #1 at Sotheby's may increase Bitcoin's visibility and attract more investors to the ecosystem.
13:46
Wintermute过去一天向币安充值超120万枚UNI
Wintermute's significant deposit of UNI to Binance, totaling 1,205,710 coins, may lead to increased supply on the market, potentially decreasing UNI's price.
13:46
Cronos宣布在Ethereum主网上启动基于零知识证明的L2网络Cronos zkEVM
Cronos' announcement of launching zkEVM, a layer-2 network that enhances scalability and interoperability for Ethereum, potentially increases the utility and demand for CRO as the native token of the Cronos network.
13:46
Cronos宣布在Ethereum主网上启动基于零知识证明的L2网络Cronos zkEVM
The launch of Cronos zkEVM on the Ethereum mainnet indicates a direct improvement to Ethereum's scalability and transaction efficiency, likely increasing the Ethereum network's appeal and usage.
13:46
GMX 提出 2024 年产品创新计划
Given that GMX's innovations could increase usage on platforms built on Ethereum, resulting in higher gas usage and potentially benefiting ETH's value.
13:46
GMX 提出 2024 年产品创新计划
The announcement of product innovations such as GMX Bridge, PvP AMM, and GMX Chain signals strong development activity, likely leading to increased adoption and price appreciation.
13:46
币安每日热门币种（2月24日）
A 35.03% jump in DYDX's price could indicate a hype-driven peak, making it a prudent moment to sell and secure profits before a possible correction.
13:46
币安每日热门币种（2月24日）
SUSHI's 41.52% price increase suggests a speculative rally that may not be sustainable, presenting a good selling point for short-term gains.
13:46
币安每日热门币种（2月24日）
UNI has seen a significant price surge of 74.67% in 24 hours, indicating a potential short-term peak and opportune moment for profit-taking.
13:45
DEX 类代币总市值突破 240 亿美元
SUSHI may experience an uptick in value, correlating with the DEX market's overall growth, following a 30.2% increase in DEX token market caps.
13:45
DEX 类代币总市值突破 240 亿美元
CAKE could see positive momentum as its association with decentralized exchanges aligns with the reported 30.2% surge in DEX token market valuations.
13:45
DEX 类代币总市值突破 240 亿美元
UNI, being a leading DEX token, is poised to benefit from the overall growth in the DEX sector, indicated by the 30.2% increase in total market cap.
13:45
DeGods NFT 被盗并以 17.7 万美元出售，部分资金已追回并返还给受害者
The DeGods NFT, which was involved in the scam, operates on the Solana network, and the recovery and return of funds might restore some faith in the network's security, potentially boosting SOL's price.
13:45
DeGods NFT 被盗并以 17.7 万美元出售，部分资金已追回并返还给受害者
The news of a substantial amount of ETH being involved in a phishing scam may create negative sentiment, potentially affecting its price negatively.
13:45
Foresight Ventures 澄清未参与 OX.FUN 融资
The confusion and revoked dealings between OX.FUN and Foresight Ventures might create temporary uncertainty in the decentralized finance sector, indirectly affecting major platforms like Ethereum.
13:45
CoW Protocol（COW）价格突破0.48美元，24小时涨幅14.2%
The CoW Protocol's price surge indicates strong market interest and potential for further increases.
13:45
Shiba Inu 价格有望上涨 51%：原因包括积极的代币销毁和Shibarium的进展
The optimistic forecast of a 51% price increase due to aggressive token burns and Shibarium development impact SHIB positively, making it a potentially lucrative investment.
13:45
自2017年以来，加密和区块链项目融资总额超900亿美元
The infusion of capital into NFT and gaming projects suggests a bullish outlook for Axie Infinity's AXS token.
13:45
自2017年以来，加密和区块链项目融资总额超900亿美元
As investments flow into NFT and gaming sectors, tokens like MANA, fundamental to the Decentraland virtual reality platform, may experience an uptick in value.
13:45
自2017年以来，加密和区块链项目融资总额超900亿美元
The focus on infrastructure projects suggests a growing ecosystem around Solana, which could lead to a higher demand for SOL.
13:45
自2017年以来，加密和区块链项目融资总额超900亿美元
With a significant amount of funding directed to projects within the Binance Smart Chain ecosystem, BNB may see an appreciation due to increased platform utility.
13:45
自2017年以来，加密和区块链项目融资总额超900亿美元
The surge in financing towards DeFi and infrastructure projects, of which many are built on Ethereum, suggests increased activity and potential value growth for ETH.
13:45
澳大利亚比特币投资者对ETF表现出浓厚兴趣
Increased interest and confidence in Bitcoin often has a ripple effect on the broader crypto market, including Ethereum, due to their correlated market movements.
13:45
澳大利亚比特币投资者对ETF表现出浓厚兴趣
The approval of the first 11 spot Bitcoin ETFs by the SEC and increased interest from Australian investors signifies greater mainstream acceptance, likely boosting BTC's value.
13:18
Cryptocurrency and Blockchain Projects Surpass $90 Billion in Historical Funding
Polkadot's interoperability focus aligns with the growing investment in infrastructure projects, suggesting an increased adoption and demand for DOT.
13:18
Cryptocurrency and Blockchain Projects Surpass $90 Billion in Historical Funding
Solana's infrastructure is heavily utilized for DeFi and NFT projects, which are receiving significant investment, indicating potential growth in network use and token valuation.
13:18
Cryptocurrency and Blockchain Projects Surpass $90 Billion in Historical Funding
Ethereum, being the leading platform for DeFi, NFT, and several Web3 projects, is likely to benefit from increased funding in these sectors.
13:06
Shiba Inu Price Forecast Predicts 51% Increase Amid Token Burning and Shibarium Advancements
The aggressive token burning and advancement in Shibarium are expected to drive a 51% price increase.
12:53
CoW Protocol (COW) Surpasses $0.48, Experiences 14.2% Increase in 24 Hours
CoW Protocol (COW) shows a significant 14.2% increase, indicating strong market momentum.
12:52
DEX Tokens Market Cap Surpasses $24 Billion
SUSHI may gain as SushiSwap's native token, following the overall positive trend in the DEX market.
12:52
DEX Tokens Market Cap Surpasses $24 Billion
CAKE could experience a price increase due to the growth of the DEX market and its role in PancakeSwap, a prominent decentralized exchange.
12:52
DEX Tokens Market Cap Surpasses $24 Billion
UNI might see further gains as the token of Uniswap, a leading DEX, benefits from the overall DEX sector growth.
09:35
A 3.07% increase suggests growing investor interest and potential for further gains.
09:03
Expectation of DYDX following Uniswap's fee conversion move may lead to increased interest and price.
09:03
The UNI fee conversion and governance activation could lead to increased demand and utility for UNI.
08:32
Historical patterns suggest the upcoming Bitcoin halving could lead to a market-wide bull run, positively impacting BTC.
08:32
Rising popularity and potential bullish outcome from the SEC lawsuit could increase its value.
08:12
Long-term potential remains strong amid Ethereum's ongoing developments and its correlation with BTC.
08:12
Upcoming halving event traditionally increases the price, this dip could be a buying opportunity.
05:13
The success of the BIG BANG competition and the innovation within the Ethereum Layer 2 ecosystem indicate a stronger network and increased utility.
03:32
Ritual's integration into blockchain and partnership with EigenLayer may increase demand for Ethereum for dApp development and smart contract execution.
03:08
DWF Labs' substantial deposit into the Orbs Staking contract may signal their confidence in ORBS, potentially boosting its value.
03:08
The release of historic emails from Satoshi could increase investor and community interest in Bitcoin.
03:03
News about Satoshi Nakamoto may increase public interest and drive up Bitcoin's value.
02:26
Curve's announcement of lending contracts deployment can increase platform utility and demand, potentially boosting CRV price.
02:18
ARKB's increase in Bitcoin holdings indicates institutional confidence, potentially driving BTC price up.
01:38
Approval of Bitcoin spot ETFs by Carson Group increases institutional confidence and adoption.