The cryptocurrency market has been through a rollercoaster of volatility, and it is evident that holders of altcoins are feeling the pressure. Numerous tokens have been teetering close to or at the stage where most all holders are practically in the red. This scenario has left some investors miffed because it looks like many altcoins are on a path heading downward, with virtually no chance of a short-term recovery. But a deeper look into on-chain data might provide some much-needed optimistic clues about the still-potent fundamentals of these tokens, even the ones under pressure, which could well signal an appearance

The post Altcoin Market Struggles as $OP Faces Massive Losses, But On-Chain Data May Point to Potential Upside appeared first on The Merkle News.

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The new funds add to Grayscale’s expanding suite of single-asset crypto products.

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The tokenized money market fund will launch on nearly half a dozen new blockchain networks.

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The Optimism Superchain has been buzzing with excitement following the recent announcement of Uniswap’s Unichain integration. Many investors are eyeing bullish opportunities for $OP, yet nearly 50% of its holders are still in a loss position. Despite this, the optimism surrounding the ecosystem remains high. Optimism’s Superchain is buzzing after Uniswap’s Unichain news. Many see bullish potential for $OP, yet nearly 50% of holders remain at a loss. Do you think this will boost OP’s price? pic.twitter.com/UVTIZlHmJE — IntoTheBlock (@intotheblock) October 17, 2024 One key indicator of Optimism’s growth is the fact that 85% of its total transaction fees now

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According to Crypto Rank data, several tokens with significant unlock amounts are set to be released this week, potentially impacting their market dynamics. June 24: Worldcoin (WLD) – Unlock Equivalent: $8.79 million – Tokens to be Unlocked: 3.20 million Worldcoin kicks off the week with the unlocking of 3.20 million tokens, valued at $8.79 million. This event is expected to influence trading activities and liquidity for WLD. June 25: Alt Layer (ALT) – Unlock Equivalent: $17.35 million – Tokens to be Unlocked: 98.96 million The following day, Alt Layer will see a substantial release of 98.96 million tokens, equivalent to

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Over the past three months, the BASE blockchain network has demonstrated exceptional growth and innovation, establishing itself as a powerhouse in the Layer 2 (L2) ecosystem. Recent insights from IntoTheBlock highlight a significant surge in transactions on BASE, driven primarily by decentralized applications and a plethora of innovative games developed on the platform. While Arbitrum continues to lead in transaction volume, BASE distinguishes itself with a remarkable 50% share of transactions among the top three L2s. This indicates a strong user preference for BASE’s speed and efficiency. https://twitter.com/Altcoin_daddy/status/1800858000976212356?t=AmS6fLtXSkW6ptxNUgyhdw&s=19 Several key factors contribute to BASE’s rapid rise. Notably, Coinbase’s Base L2

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The beginning of this week witnessed a decline in the overall cryptocurrency market capitalization, impacting various digital assets, including OP, the native coin of the Ethereum-based layer-2 Optimistic Rollup network.  Amid the broader market downturn, $OP experienced weekly losses exceeding 17%. Despite this, a significant portion of token holders demonstrated resilience, maintaining profitable positions. $OP has been on a notable uptrend recently, driven by the robust and widely adopted Optimism’s OP Stack technology. Numerous Layer2 projects have embraced this technology, with many already live on its mainnet, testnet, and several awaiting deployment. Despite Recent General Market Dip, 80% Of OP

The post Despite The Decent Market Bearish Drag, 80% Of $OP Holders Remain In Profit  appeared first on The Merkle News.

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Optimism, a community-owned ecosystem, aims to address coordination failures and reshape value distribution by rewarding positive impact through participation, collaboration, and collective ownership—areas where traditional systems often fall short. In a significant move, Optimism recently unveiled the third round of its RetroPGF incentive program, allocating 30 million OP tokens (equivalent to 116 million USD) to 501 projects contributing to the ecosystem.  This diverse group includes builders, writers, creators, and educators from across the Optimism community. Notably, RetroPGF stands out as the largest public goods funding experiment in the crypto space, underlining Optimism’s commitment to fostering positive contributions. BOOM! @Optimism’s RPGF3

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Following a significant surge in recent weeks, investors are optimistic about the continued bullish momentum of Binance Coin (BNB). Reports from coin98 analytics indicate that the BNB chain stands out, boasting the highest number of total addresses created among popular blockchains, reaching 413 million with an impressive growth rate of 74%. Polygon’s native cryptocurrency, MATIC, has also experienced a notable breakout above $1 during the current upward movement in prices. Notably, with a market valuation of $9.61 billion and a price of $1.006, MATIC has seen a 2% increase at the time of this report. Total unique addresses on popular

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An earlier series of tweets sharing images of orange balls were the precursor to the announcement of a client for layer-2 solution Optimism.

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