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Newton Gitonga is a Freelance Journalist based in Nairobi, Kenya.
Business
Film & Theatre
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Portfolio
Altcoins wrap: UNI, 1NCH, TRX retrace as BTC dips on declined active addresses
Bitcoin's recent approach to its all-time high has been met with reduced investor interest, leading to a potential market downturn. The decline in active addresses on the Bitcoin blockchain suggests bearish trends, affecting altcoins like Uniswap, 1inch, and Tron, which are experiencing seller dominance and price dips. Uniswap shows potential for a rebound due to increased trading volumes and positive metrics, while 1inch faces bearish momentum exacerbated by a recent attack. Tron remains a strong project with recent collaborations, but its market performance is tied to Bitcoin's movements. The upcoming US elections add to Bitcoin's volatility, with low probabilities for significant price recovery before the elections.
Altcoins UNI, 1NCH, and TRX pulled back as BTC falls due to declining active addresses
Bitcoin's recent decline, attributed to a 25% drop in active blockchain addresses, has led to a pullback in altcoins such as Uniswap, 1inch, and Tron. Uniswap saw a 6% decrease, reflecting market trends, while 1inch continued its downtrend, exacerbated by a recent attack. Tron, despite a slight decline, remains a respected project with recent collaborations. The overall cryptocurrency market's performance is closely tied to Bitcoin's movements, with potential volatility expected due to upcoming U.S. elections. Market sentiment suggests challenges in maintaining recent gains, with Bitcoin's price potentially falling further if key support levels are breached.
Altcoins UNI, 1NCH and TRX retreat as BTC falls amid declining active addresses
Bitcoin's recent approach to its all-time high has been met with declining investor interest, leading to a potential short-term price drop. This has affected altcoins like Uniswap, 1inch, and Tron, which have seen notable selling activity. Uniswap's trading volume has surged, indicating potential for recovery, while 1inch faces challenges due to a recent security incident. Tron remains a significant player in the blockchain space, bolstered by collaborations like the one with Chainlink. The overall market sentiment is cautious, with Bitcoin's future movements likely influenced by upcoming U.S. elections and declining active addresses on its blockchain.
Altcoins UNI, 1NCH and TRX retreat as BTC falls due to decreased active addresses
Bitcoin's recent decline due to reduced investor interest and US election volatility has led to a downturn in the altcoin market, with UNI, 1NCH, and TRX experiencing significant losses. Bitcoin's value dropped to $70,568, with a 25% decrease in active addresses indicating a bearish trend. Uniswap, 1inch, and Tron are among the altcoins showing selling pressure, with Uniswap trading at $7.70 and 1inch at $0.2485. Tron's recent collaboration with Chainlink highlights its commitment to decentralized finance. The article suggests potential further declines in Bitcoin prices, influenced by upcoming US elections.
Altcoins UNI, 1NCH, and TRX pull back as BTC falls amid declining active addresses
Bitcoin's recent price drop from its near all-time high has led to a decline in active addresses, signaling potential bearish trends. This has affected altcoins like Uniswap, 1inch, and Tron, which are experiencing seller dominance and price declines. Uniswap shows potential for a rebound due to increased activity, while 1inch faces additional pressure from a recent attack. Tron remains strong in the DeFi market, bolstered by a collaboration with Chainlink. The upcoming US elections add to Bitcoin's volatility, with low investor confidence in a price recovery before the elections.
Altcoins UNI, 1NCH and TRX retreat as BTC falls amid declining active addresses
Bitcoin's recent approach to its all-time high has been met with declining investor interest, signaling potential short-term price crashes. The decrease in active addresses on the Bitcoin blockchain suggests bearish trends, affecting altcoins like Uniswap, 1inch, and Tron, which are experiencing notable selling activities. Uniswap shows long-term resilience despite current declines, while 1inch faces additional bearish momentum due to a recent security breach. Tron remains a reputable project, highlighted by its collaboration with Chainlink, but its market performance is tied to Bitcoin's movements. The upcoming U.S. elections add to Bitcoin's potential volatility, with investor enthusiasm waning as the elections approach.
Altcoins UNI, 1NCH and TRX retreat as BTC falls amid declining active addresses
Bitcoin's recent approach to its all-time high has been met with declining investor interest, signaling potential short-term crashes. This has led to a retreat in altcoins like Uniswap, 1inch, and Tron, which are experiencing notable selling activities. Uniswap shows long-term strength despite current market trends, while 1inch faces bearish momentum due to a recent attack on its decentralized application. Tron remains a recognized project, bolstered by a collaboration with Chainlink, but its market performance is tied to Bitcoin's movements. The overall outlook for Bitcoin suggests potential price crashes, influenced by declining active addresses and the upcoming U.S. election.
Altcoins UNI, 1NCH and TRX retreat as BTC falls amid declining active addresses
Bitcoin's recent approach to its all-time high has been met with declining investor interest, signaling potential short-term crashes. The decrease in active addresses on the Bitcoin blockchain suggests bearish trends, affecting altcoins like Uniswap, 1inch, and Tron, which have shown notable selling activities. Uniswap and 1inch have experienced significant price drops, while Tron remains a reputable project with recent collaborations. The overall altcoin market performance is closely tied to Bitcoin's movements, with potential volatility expected due to the upcoming U.S. elections. Investors remain cautious, with low probabilities of Bitcoin reaching $80K before the elections.
Altcoins UNI, 1NCH, and TRX retreat as BTC falls amid active address slump
Bitcoin's recent approach to its all-time high has been met with declining investor interest, leading to a potential downturn. The decrease in active Bitcoin addresses by 25% suggests a bearish trend, affecting altcoins like Uniswap, 1inch, and Tron, which have shown notable selling activity. Uniswap's trading volume has decreased, though it maintains long-term strength with increased trading activity. 1inch has faced a downturn due to a recent attack on its decentralized application. Tron remains a reputable project, emphasizing its commitment to decentralized finance through a partnership with Chainlink. The overall market performance of altcoins is closely tied to Bitcoin's movements, with potential further declines anticipated amid the upcoming U.S. elections.
Polygon (MATIC) holders count losses as liquidity wanes
Polygon (MATIC) is experiencing difficulties maintaining its value after previous surges towards the $2 mark, with 51% of holders facing losses according to IntoTheBlock data. The cryptocurrency shows high volatility, with 43% of holders in profit and 5% breaking even. Despite the Napoli upgrade aimed at improving consensus mechanisms, Polygon's total value locked (TVL) has dropped to $1 billion, indicating decreased liquidity provider activity and raising concerns about the blockchain's health. MATIC's price showed a minor increase of 0.59% to $1.00 at the time of writing. Polygon developers remain optimistic about the future, hoping that initiatives like the Napoli upgrade will lead to recovery, but the altcoin's future is still uncertain amidst market challenges.
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