Crypto Whales
Will ETH price crash to $750? Ethereum daily active addresses plunge to 4-month lows
Ethereum has witnessed a substantial drop in its daily active address (DAA) count over the last four months, raising fears about more downside for Ether (ETH) price in the coming weeks. Stagnant Ethereum price spooks investors The number of Ether DAA dropped to 152,000 on Oct. 21, its lowest level since June, according to data provided by Santiment. In other words, the plunge showed fewer unique Ethereum addresses interacting with the network. Ethereum daily active address count on a daily timeframe. Source: Santiment Interestingly, the drop comes after Ether’s 80%-plus correction from its November 2021 high of around $4,850. This coincidence could mean two things: Ethereum users decided to leave the market and/or paused their interaction with the blockchain network after the market’s...
3 reasons why Quant Network’s QNT token may have topped after 450% gains since June
The price of Quant Network (QNT) eyes a sharp reversal after an impressive 450% rally in the past four months. QNT’s downside outlook takes cues from a flurry of technical and on-chain indicators, all suggesting that investors who backed its price rally have likely reached the point of exhaustion. QNT/USD daily price chart. Source: TradingView Here are three reasons why it could be happening. Quant’s daily active addresses drop Interestingly, the period of QNT’s massive uptrend coincided with similar upticks in its number of daily active addresses (DAA). This metric represents the number of unique addresses active on the network as a sender or receiver. As of Oct. 17, the Quant Network’s DAA reached an all-time high of 10,949, up from around 5,850 four months a...
