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-Bitcoin (BTC) has seen a slowdown in price action, but some indicators suggest it may be on the verge of a significant upside.
-ETFs have seen a sharp increase in their holdings, with three different ETFs adding over 1,465 Bitcoins this month.
-The number of addresses holding Bitcoin has grown significantly over the past month, indicating a shift in market sentiment.

The recent trend in the cryptocurrency market has seen Bitcoin (BTC) slow down in price action, relying on previously recovered support areas in order to continue its uptrend and outstanding performance since the beginning of the year. Despite this, there have been more expectations of BTC breaking into new levels and reaching yearly highs, with some indicators suggesting that it may be on the verge of a significant upside along with the market sentiment.

This shift in market sentiment has been seen in a number of different ways. Exchange Traded Funds (ETFs) have seen a sharp increase in their holdings, with three different ETFs adding over 1,465 Bitcoins this month. This suggests that both retail and wealthy investors are fueling BTC’s rally, with the former likely to be drawn in by the potential of significant gains.

Furthermore, the number of addresses holding Bitcoin has grown significantly over the past month. This indicates that more people are investing in Bitcoin, suggesting that the industry is becoming increasingly popular and seen as a viable investment option. Furthermore, the fact that more addresses are holding larger amounts of Bitcoin could be seen as a sign of confidence in the asset, as it suggests that investors are confident in its long-term prospects.

Overall, the market sentiment has changed since the beginning of 2023, with more investors entering the cryptocurrency market en masse. This could result in a new bull run, with the potential for Bitcoin to break into new levels and reach its yearly highs. As such, it is important to keep an eye on the market, as it could signify the start of a new era for cryptocurrency.

• Crypto investors are moving their gains from larger cap coins such as Cardano and Solana and investing in smaller cap coins.
• Santiment has reported a significant uptick in the address activities of these smaller altcoins.
• Coins mentioned in the report include TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG.

The recent crypto market rally has been a boon for many digital assets, with altcoins benefitting just as much as bitcoin. Many assets have been able to return to their pre-FTX collapse levels, signaling the start of a bull run. With the market beginning to settle into this new normal, investors are taking advantage of possible price movement in smaller altcoins by cycling out money from larger cap coins.

On-chain data aggregation website Santiment has reported a significant uptick in the address activities of smaller cap coins, with investors moving their gains from the likes of Cardano and Solana into these assets. Most of these coins are top 200 and below tokens with market caps lower than $300 million.

The coins mentioned in the report include TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG. Most of these are coins flying under the radar, with Ribbon Finance (RBN) being the most prominent on the list. RBN is a decentralized finance (DeFi) protocol that focuses on offering yield optimization services.

Other coins mentioned in the report include TRADE, which is a decentralized trading protocol that allows users to trade tokenized assets; SLP, a platform for creating and launching tokenized assets; PLSPAD, a protocol for creating and managing tokenized assets on the Ethereum blockchain; and POND, a decentralized lending platform. There is also MITX, a platform for tokenizing real-world assets; MTH, a platform for launching and managing digital assets; and CBG, a blockchain-based gaming platform.

This rotation of funds from larger cap coins to smaller altcoins is a sign that investors are looking to take advantage of possible price movement in these assets. With many of these coins still flying under the radar, now may be the perfect time to get in early and benefit from the potential gains.

• Binance Coin (BNB) recently suffered a temporary loss of trust and price losses after the collapse of FTX and an opaque proof of reserves.
• The BNB price has risen 9.3% over the last seven days, reaching $301 at press time.
• The BNB is currently in a crucial scenario, with a potential downtrend developing if the price breaks the neckline at $210.

The world’s leading cryptocurrency exchange, Binance, is no stranger to volatility and uncertainty. In the wake of FTX’s collapse, Binance has seen its fair share of turbulence, including an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange. These events caused a temporary loss of trust and excessive price losses for the associated Binance Coin (BNB).

However, investors are slowly regaining confidence in Binance and the BNB price has risen 9.3% over the last seven days, reaching $301 at press time. This bullish sentiment was further boosted by positive news from Binance yesterday and today.

Despite this, the BNB price is facing a bearish pattern on the weekly chart. The pattern usually predicts a trend reversal and consists of three peaks, with the two outer ones close to each other and the middle peak being the highest. The left shoulder forms when investors drive the price up and then temporarily lose their enthusiasm, while the head builds up when enthusiasm reaches its peak. The right shoulder forms when the price rises again, but does not reach its previous peak before falling again.

The head of the BNB weekly chart was formed in the week when FTX filed for bankruptcy. In the following weeks, the price fell before BNB experienced a recent rally due to the generally bullish market sentiment.

At this crucial juncture, if BNB breaks the neckline at $210 to the downside, the chart pattern could validate and BNB could see a downtrend within the next few weeks, pushing the price toward $153. Therefore, the current market sentiment will be key in determining the future of BNB in the coming weeks.

• Binance Coin (BNB) found support near $240 against the US Dollar.
• BNB rallied above $260 and might aim more upsides towards the $300 level.
• BNB is now trading above $265 and the 100 simple moving average (4-hours).

Binance Coin (BNB) has been performing strongly over the last week, finding support near the $240 level against the US Dollar. After a strong recovery wave, BNB has managed to rally above the $260 mark and is now looking to test the $300 level.

The BNB/USD pair has been trading within a major bearish trend line with resistance near $250 on the 4-hour chart. However, the bulls have managed to break above this resistance, allowing the price to surge higher. BNB has since been trading above the $265 mark and the 100 simple moving average (4-hours).

The current momentum suggests that BNB could be aiming to test the $280 and $285 resistance levels in the near future. If the bulls can break above these levels, the next major resistance is likely to be found near the $292 level. If this level is breached, BNB could be on track to target the $300 level.

On the other hand, if the price fails to break above the $280 and $285 resistance levels, it could face a strong selling pressure and start a new bearish wave. In such a case, the price might fall back towards the $240 support level.

Overall, BNB is looking bullish and could be aiming for the $300 level in the near future. However, the bulls need to maintain the current momentum in order to push the price higher.

• Solana (SOL) has been struggling with FUD following the FTX crash.
• Ethereum founder Vitalik Buterin expressed support for Solana, saying there was still a good developer community on the blockchain.
• The price of SOL saw an upward trend following the tweets from the Ethereum founder.

The digital asset Solana (SOL) has been struggling since the FTX crash engulfed it in FUD, causing its price to decline much faster than the rest of the market. Last week, SOL reached single-digit values for the first time in nearly two years. However, the tide may be turning for the digital asset, as it has recently received support from Ethereum founder Vitalik Buterin.

Taking to Twitter, Buterin expressed support for Solana for the first time. Solana had been unable to keep up with Ethereum due to its ties to the FTX crypto exchange, its sister company Alameda Research, and its founder Sam Bankman-Fried, who have been embroiled in controversy. Buterin explained that „some smart people“ had told him that there was still a good developer community on the blockchain who are earnest and smart. Furthermore, they added that since the opportunistic people trying to make a quick buck had now been pushed out, they expect the network to have a bright future. Buterin said that he couldn’t tell if this was true looking in from the outside but said that he hoped that „the community gets its fair chance to thrive“.

The tweet had an incredibly positive impact on Solana and the price of SOL saw an upward trend following it. The token rallied by over 20% in the 24 hours following the tweet, reaching highs of $13.07. This rally was further supported by a wave of bullish sentiment from the crypto community, as well as the news that the Solana Foundation had burned 1% of its total supply.

The digital asset has been slowly but surely inching its way back up, and is currently trading at around $11.50. It remains to be seen if the token will be able to sustain the momentum it has been gaining, or if it will be taken down by the FUD once again. Regardless, it is encouraging to see the crypto community come together to support the asset and prove that the FUD can be overcome.

• Polygon’s native token MATIC has been stuck in its current support of $0.7550 since late 2022.
• The ecosystem has ended 2022 on a positive note with over 20 partnerships with major brands such as Nike, StarBucks, and Reddit.
• Bhavish Finance, a newly built prediction market platform, has breached 1,100 weekly active users with over $1.287 million predictions made on the platform.

Polygon, the Ethereum L2, has seen a significant amount of growth in the past year. Despite the bear market clawing through MATIC’s gains, the ecosystem has seen remarkable success in the form of partnerships and new market platforms.

The ecosystem has ended 2022 on a beautiful note, with over 20 partnerships with major brands such as Nike, StarBucks, and Reddit. These partnerships have primarily dealt with Polygon being the ideal NFT platform for their respective NFT collections or marketplace. Year to date, the NFT market of Polygon has reached an impressive $305 million in trade value.

Moreover, Bhavish Finance, a newly built prediction market platform has also reached new heights. As per Bhavish’s most recent tweet, the platform has breached 1,100 weekly active users with over $1.287 million predictions made on the platform. According to Bhavish’s own website, the platform is handling over $90-$100 million in predictions and gains an average of $2.5 million to $3.5 million.

Unfortunately, the native token MATIC has not left its current support of $0.7550. This spot has kept MATIC in a very delicate situation even as Polygon itself is setting itself apart from competitors. As of writing, MATIC is up by only 0.1%, showing signs of possible weakness.

Overall, it is clear that Polygon is setting itself up for success in the coming years. With its ever-growing list of partnerships and increasing market value, the possibilities for the Ethereum L2 are endless.