Kartick Mondal (kartick1985)

Kartick Mondal

I am a crypto lover, I believe in crypto

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Crypto: Ethereum Hits An All-time Low On Exchanges! The year 2024 promises to be significant for Ethereum, the second-largest crypto in the market. In the midst of a whirlwind, Ethereum reserves on centralized exchange platforms have reached a historically low level, a phenomenon not observed since 2016. This drop in reserves comes as Ethereum price volatility draws considerable attention. But beyond the numbers, it’s the behavior of investors that intrigues: why this massive exodus from exchanges? A deeper analysis of this trend reveals a profound change in market dynamics. Ethereum reserves on exchanges have been steadily decreasing since the beginning of 2024. According to Glassnode data, the amount of ETH held on platforms dropped from 14 million in January to around 11.7 million units in August.

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Solana and Rollblock To Make New All-Time Highs In August; NEAR Protocol Likely To See Further Consolidation With the summer break almost over, it’s time for the bull market to resume, and a new ATH (all-time high) is likely for many altcoins. New online gambling platform, Rollblock (RBLK) is attracting big investment, with over $1.5m raised while still in stage 4, and analysts are predicting major gains of over 100x after it launches. Of the older altcoins, SOL is looking primed for takeoff, and with a Solana price prediction of over $1,000 by the peak of this cycle, there’s a lot of room to go up. Near Protocol is still down 75% from its highs and with more sideways consolidation, it seems a long way off a new ATH.

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