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According to IntoTheBlock data, a bearish outlook for Shiba Inu $SHIB is indicated by 54% of holders being "out of the money," potentially leading to increased sell pressure as they seek to minimize losses; further contributing to this negative trend is a more than 10% decrease in large transactions, signaling a lack of accumulation by crypto whales during the current market downturn.
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According to data from @IntoTheBlock, 100% of addresses holding the Mantra token $OM are in profits. https://t.co/I6TFMHJ5o6 Over the past 30 days it has experienced increase in Large transactions. Ref: https://t.co/aLaoZDo8Gk An increase in these transactions suggests that whales might be accumulating more $OM. This could be a sign that they anticipate further price appreciation.
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The Virtuals ecosystem displays varied token volatility, with $VADER and $LUNA showing high volatility at 14.58 and 21.74, indicating short-term gains and growing market interest. $CONVO spiked to 8.66, signaling market shifts, while $SEKOIA's low volatility below 5 appeals to risk-averse investors, according to @intotheblock.
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The $TAOCAT token remains highly profitable in the Virtuals ecosystem, with consistent perfect scores reflecting strong market confidence. Similarly, POLY.VIRTUALS demonstrates stability with profitability indices between 0.90 and 0.98, indicating a well-engaged community and reliable investor returns.
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2024: A Year of Resilience and Growth in the Crypto Market. A year's review with @intotheblock Bitcoin and Ethereum demonstrated remarkable resilience in 2024, achieving record-breaking market caps in December. Bitcoin $BTC surged to a staggering $2 trillion, while Ethereum $ETH surpassed $460 billion. The stablecoin market experienced steady growth throughout the year, culminating in a total market capitalization exceeding $200 billion by December. Memecoins, known for their volatility, witnessed a rollercoaster ride in 2024. Despite initial declines, their market cap rebounded significantly, reaching $88 billion by the year's end. A pivotal development in 2024 was the launch of Bitcoin and Ethereum ETFs, which revolutionized market accessibility. These innovative financial products opened doors for traditional investors, injecting substantial liquidity and fueling market cap expansion. The prevailing trend in 2024 underscored a growing wave of investor confidence and the potential for sustained growth within the dynamic crypto market.
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