Cryptocurrency News Today TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Pippin price soared over 114% in the last 24 hours to trade at $0.08521 as of 4:10 a.m. EST as investors bet big on the meme coin’s future price movements. With the recent surge in the PIPPIN price, the crypto emerged as the best 24-hour performer in the meme coin market. Pippin Price Trying To Reclaim A Key Support 4-hour chart for PIPPIN/USD (Source: GeckoTerminal) The Pippin price is attempting to reclaim a position above the resistance level at $0.07573 after dropping below the mark in the last couple of hours. Should the meme coin close a 4-hour candle above this price point within the next 8 hours, traders might continue to drive the Pippin price to above the next resistance at $0.08814 to potentially as high as $0.099 in the short term. On the other hand, PIPPIN failing to close a 4-hour candle above $0.07573 within the next 8 hours might prevent any bullish move from happening. In this alternative case, the meme coin could stand the risk of dropping to the sup...

Data from the on-chain analytics platform Santiment shows that 104 whales now hold around 57% of ETH’s total supply as the daily average of new Ethereum addresses hits an 8-month high. Each of the 104 whale wallets hold more than 100,000 ETH, totalling $333 billion collectively, Santiment said in a Dec. 16 X post . Whale Accumulation Of ETH Could Be A Long-Term Bullish Sign While the 104 wallets now hold the majority of ETH’s supply, other wallet metrics have dropped to historic lows. In its X post, Santiment noted that the number of wallets holding between 10 and 100,000 ETH has reached a low of 33.46%. Meanwhile, the supply ratio of wallets holding less than 100 ETH has plunged to a 4-year low as well. Despite the recent lows recorded by these wallet metrics, Santiment said it’s “still generally a bullish long-term signal when a coin’s most prominent key stakeholders continue accumulating.”  “Especially when it’s a 9-year-old...