The top 10 Chainlink whales now hold 63.3% of LINK’s circulating supply The percentage held by the top 10 Chainlink whales has dropped from 67.5% in January 2021 The continual distribution of LINK away from whale addresses is encouraging Chainlink is once again staring at $15 as its strongest support amidst a descending triangle The top 10 Chainlink whale addresses now hold 63.3% of LINK’s circulating supply. This is according to an analysis shared by the team at Santiment who also pointed out that this is the lowest percentage of…
Read MoreDay: 12 July 2021
Bitcoin (BTC) Sentiment Remains Negative, Nears 3-year Lows
Crowd sentiment towards Bitcoin continues to dip to negative territory Bitcoin sentiment is at negative levels last witnessed in October 2020 At current rates, it could keep falling to negative levels last seen in June 2018 The Crypto fear and greed index is at 20, its lowest since April 2020 Bitcoin’s price action remains uneventful with $33k being the level to watch during the weekly close Crowd sentiment towards Bitcoin continues to tread in negative territory. This is according to an analysis shared by the team at Santiment who also…
Read MoreBank of Ghana Deputy Governor Says ‘Central Bank Digital Currency Is Fiat Money,’ Reveals Pilot Phase Will Start September
Ghana’s proposed central bank digital currency is similar to fiat cash and therefore financial institutions, as well as fintech start-ups, can still create value based on it, a Bank of Ghana (BOG) official has said. Still, the official, Maxwell Opoku-Afari, the BOG’s deputy governor, says approval for the use of the digital currency will depend on the outcome of the piloting phase. Maintaining Ghana’s Lead As previously reported by Bitcoin.com News, BOG announced it was in the advanced stages of introducing a digital currency. At the time, BOG governor, Ernest…
Read MoreSmall Love Potion (SLP) price doubles as Axie Infinity user growth explodes
Rapid expansion in the Axie Infinity ecosystem and a parabolic rally from AXS triggered a 100% surge in the price of SLP. Last week Axie Infinity’s AXS token went on an impressive parabolic run and hit a new all-time high at $19.60. Small Love Potion (SLP), a token in the Axie Infinity (AXS) ecosystem that is minted through gameplay as a reward to users, also broke out with a triple digit gain. SLP can then be used as a currency to breed Axies, which are nonfungible token-based creatures that populate…
Read More