Altcoins Could Tank, Warns Crypto Trader Pentoshi

• Well-known cryptocurrency trader and analyst Pentoshi has warned that the market might be slowing down due to concerns over momentum and tired altcoins.
• Pentoshi’s decision to be less aggressive in the market is a sign that he’s taking a more cautious approach to trading, which could signal a period of consolidation.
• His warning serves as a reminder that investors and traders need to stay alert and be ready to adapt to new market conditions.

Pentoshi Warns of Slowing Crypto Market

Well-known cryptocurrency trader and analyst Pentoshi has issued a warning to investors and traders, stating that he is feeling less confident in the market than he was a week ago due to concerns over momentum and tired altcoins. In his tweet, Pentoshi admitted that many altcoins looked „tired“ and that there were „momentum concerns.“ This suggests that the crypto market may be slowing down, which could lead to a price correction.

Cautious Approach Needed for Crypto Trading

Given his experience in the crypto industry, Pentoshi’s opinion carries weight with other traders. His decision to be „less aggressive“ in the market is a sign that he’s taking a more cautious approach when it comes to trading cryptocurrencies. This serves as an important reminder for other traders: they should remain vigilant and be prepared for sudden changes in market conditions.

Crypto Consolidation Could Lead To Stabilization

The current state of the crypto markets could signify that we’re entering into a period of consolidation, where prices stabilize after experiencing rapid growth. While this could make the market less volatile and more predictable, it could also mean decreased demand if investor hype around cryptocurrency begins to die down.

Adaptability Is Key For Crypto Traders

Pentoshi’s words should serve as an important reminder for all involved in the crypto community: cryptocurrency can be unpredictable at times, so it is essential for investors and traders alike to stay alert and adaptive when it comes time for making decisions about their investments. The world of cryptocurrency is always changing — so staying informed on current events can make all the difference when it comes time for making trades or investing money into crypto assets.


In conclusion, Pentoshi’s warnings should not be taken lightly by anyone interested in trading or investing in cryptocurrencies — his words carry significant weight within the community due to his experience as an analyst and trader within this space. His advice serves as an important reminder: while cryptocurrency can offer great reward potential, there are also risks associated with investing or trading digital assets — so remaining vigilant during periods of high volatility is key!


Altcoins Rally As OKB Hits ATH: Chip & TRU Top Gainers

• The cryptocurrency market is experiencing fluctuations with several altcoins showing positive gains.
• Chip, TRU and OKB tokens were the top gainers, while JIZZ, PICA and SAFEZO tokens had the biggest losses.
• OKB token registered a new all-time high (ATH) today trading at $52.06.

Crypto Market Overview

The crypto market has been experiencing both gains and losses in recent days amidst global events that could impact the crypto market. Altcoins are currently leading the charge in terms of performance with some tokens recording significant increases in value over the last 24 hours.

Top Gainers of the Day

Chip token is currently leading the list of top performers with a 157% increase in its price over the last 24 hours to trade at $0.00163 and a 24-hour trading volume of $412,550. TRU Token also saw an impressive surge in price recording 189% increase to trade at $0.13 with a 24-hour trading volume of $50,920.

OKB token also hit a new all-time high (ATH) today reaching an impressive $52.06 which represents a 13.2% increase from yesterday’s closing price. GMX token experienced similar success hitting its ATH at $84.89 after gaining 6.89% in value over the past 24 hours .

Big Losers of the Day

Despite some tokens seeing great highs, others have suffered losses due to volatility in the market with JIZZ token being one of them recording 44.6% decrease to end trading at $0 0 0000149 with trading volume down to 258 540 . PICA token experienced similar fate decreasing by 41 7 % and ending day’s trading at $ 0 00107 with 374 500 trading volume recorded . SAFEZO token also registered 35 % decrease ending up trading at $ 0 000775 with 1 45 million recorded as total 24 hour trading volume .


Overall , investors are hopeful that there will be an upturn on prices for these tokens despite current bearish trend on some coins as they remain optimistic that cryptocurrencies prices will soon recover .




Liquidity Staking Soars: Ethereum-based Platforms Lead the Surge

• Ethereum-based liquid staking protocols have seen a surge in total value locked (TVL) over the past month, with Lido, Coinbase and Rocket Pool all recording gains.
• Liquid staking allows users to stake their ETH on the Beacon chain while maintaining the liquidity of their tokens.
• Market and price action analysis shows that Lido has been more volatile than Rocket Pool, registering 17% gain over the last 7 days.

Overview of Liquid Staking

The liquid staking industry has been thriving on the Ethereum (ETH) network recently since the introduction of the Beacon chain. Liquid staking is an automated process that allows users to stake their ETH on the Beacon chain, a proof of stake blockchain. This process provides rewards for users while allowing them to maintain liquidity by moving their assets around whilst still earning rewards.

Market Performance

As of Feb. 9, 2021, the total value locked (TVL) in three top Ethereum-based liquid staking protocols had risen above $11b, with Lido (LDO), Coinbase (COIN), and Rocket Pool (RPL) all recording gains in the 20-40% range over the past month, according to DeFi LIama. Lido has emerged as leader with around $8.39b in TVL , while Coinbase’s wrapped ETH totaled $1.77b, a 24% increase from last month and Rocket Pool and Frax Ether have seen increases of 40% and 97%, respectively over this period..

Price Action Analysis

Coinbase and Rocket Pool have made news due to their involvement with Oracle DAOs recently . On CoinMarketCap we see that Lido has been more volatile than Rocket pool registering 17% gain over last 7 days taking its market cap at $ 2 .27 billion making it 30th largest crypto by market cap .

Centralization Debate

According to Gnosis co-founder Martin Köppelmann’s survey , Lido currently controls 27 .5 % of staking , while Coinbase is in second place at 14 .5%. This has sparked debate about whether Ethereum is becoming too centralized , with some bitcoin maximalists arguing that this proves so .


Liquidity staking platforms are leading the surge in Ethereum TVLs lately due to its ability to support liquid staking which enables users to move assets around while still receiving rewards similar to traditional staking methodologies but with added benefit of liquidity maintenance enhancing overall liquidity . The performance analysis shows that Lido has been more volatile than other protocols like Rocket pool but there has also been debate regarding centralization of ethereum network due to concentration of few protocols controlling majority TVLs


Blur Dominates NFT Trading Volume: Outperforms OpenSea by 46%


• Blur is outperforming OpenSea in NFT trading volume, despite having fewer traders.
• As of today, Blur accounts for 46% of the weekly trading volume compared to OpenSea’s 36%.
• Blur has experienced a surge in bidding pools, reaching an all-time high of $42 million.

Comparing Trading Volumes

NFT marketplace Blur is surpassing OpenSea in terms of trading volume, despite having fewer traders than the latter. According to data from Dune analytics, a blockchain data provider, Blur currently makes up 46% of the total weekly trading volume compared to OpenSea’s 36%. Further analysis reveals that while OpenSea houses more transactions (29,600) than Blur (12,601), the former only boasts $11.3 million daily traded on its platform while Blur trades around $14.3 million daily.

Surging Bidding Pools

Since it raised 11 million dollars in October 2020 during its early stages of development, Blur’s bidding pools have skyrocketed to an all-time high of 42 million dollars as at February 6th 2021. This is roughly 2/3rds of Aptos TVL!

Keungz Incident

On December 8th 2020 Twitter user Keungz lost 70 ETH (approximately 83000 USD at the time) using Blur’s bidding system taking responsibility for his mistake initially. However upon further investigation it was found that the tragedy was due to a flaw with the platform’s new bidding system and so 50% of lost amount was refunded by Blur to the individual affected.


Despite being relatively new on the scene and with fewer traders than competitors like OpenSea; NFT Marketplace Blur has outperformed them in terms of trading volume and general market activity since its debut last year in October 2020. This can be attributed to its surging bid pool which recently reached an all-time high as well as taking responsibility for any misfortunes resulting from their platform such as Keungz incident which happened late last year.


Ethereum Soars to 90-Day High: What to Expect in 2023?

• Ethereum (ETH) has gained 40.43% YTD, reaching a 90-day high of $1,674 on Jan. 21.
• The upcoming Federal Reserve decision is expected to moderate inflation and affect the crypto market.
• The Shanghai upgrade will allow users to stake 32 ETH to become validators while also unlocking their funds indefinitely.

Ethereum Price Analysis

Ethereum (ETH) has kicked off the new year with an impressive gains of 40.43% YTD, reaching a 90-day high of $1,674 on Jan. 21.

Impact of the Federal Reserve’s Decision

The crypto community is looking forward to the Federal Reserve’s decision on interest rate hikes and expects it to retain stringent measures for keeping the economy in check. Most analysts anticipate a 25-basis points increase, which is lower than the December hike of 50-basis points.

What Affects Ethereum Price?

Ethereum has established itself as the platform of choice for developers, entrepreneurs, and investors due its wide range of capabilities such as DeFi and gaming. In order for Ethereum to continue progressing, various themes and questions such as scalability issues and user adoption will heavily influence its path.

Shanghai Upgrade

The Shanghai upgrade (EIP-4895) is set to usher in a new era for Ethereum with its transition from proof-of-work consensus mechanism to a proof-of-stake one that allows users to stake 32 ETH in order to become validators while also unlocking their funds indefinitely.

Potential Gains for 2023

With all these factors taken into consideration, Ethereum looks poised for potential gains during 2023.