• The cryptocurrency Litecoin (LTC) has seen a 28% gain on its year-to-date (YTD) basis and nearly 12% over the past seven days of trading.
• It’s hash rate has been climbing steadily and touched its all-time high of 771 TH/s on 26 March, an indication of growing network traffic.
• The lawsuit initiated by U.S. Commodities and Futures Trading Commission (CFTC) against Binance also recognized LTC as a commodity, giving it much needed clarity in the midst of regulatory uncertainty surrounding cryptos.

Litecoin Gains

One of the biggest beneficiaries of the bull cycle of 2023 has been Litecoin [LTC]. The coin of the proof-of-work (PoW) chain has logged gains of over 28% on a year-to-date (YTD) basis and nearly 12% over the last seven days of trading, data from CoinMarketCap showed. Is your portfolio green? Check out the Litecoin Profit Calculator

Growing Network Traffic

A look at LTC’s mining data reverberates similar sentiments. As per Coinwarz, LTC’s hash rate has been climbing steadily and touched its all-time high of 771 TH/s on 26 March, an indication of growing network traffic.

Regulatory Relief

The lawsuit initiated by U.S. Commodities and Futures Trading Commission (CFTC) against the Binance ecosystem may have shaken up the broader crypto market, but LTC was quick to look at the brighter side of things. In at least two references made in the lawsuit, CFTC recognized that LTC was a commodity – providing much needed clarity for holders amidst regulatory uncertainty surrounding cryptos like Ripple [XRP].

Whale Holdings

Large addresses seemed to have jumped on the LTC bandwagon, data from Santiment highlighted. Transactions worth $100,000 or more increased by 23% in the past 24 hours while there has been a continuous increase in addresses holding between 10,000 to 100,000 coins throughout March – indicating whales taking advantage of dips to accumulate more tokens despite price drops MTD. On the other hand daily active addresses trading LTC fell by 34%. The 30-day MVRV Ratio indicated that most holders would realize profits on their sales with an imminent selloff unlikely as most will position themselves for further gains due to recent regulatory relief..

Halving Event

Litecoin’s halving event is a little over four months away which will be its third after 2015 and 2019 – potentially leading to further upside for holders positioning themselves for this event ahead in time

• SushiSwap’s TVL and activity remains strong despite potential SEC probe.
• The sentiment around the project is still optimistic due to Jared Grey’s announcement.
• SUSHI’s social volume and weighted sentiment have both increased significantly.

Potential SEC Probe

The Automated Market Maker (AMM) of SushiSwap could face a possible investigation by the Securities and Exchange Commission (SEC). Despite this, the level of deposits into the protocol has not dropped and shows no signs of reducing.

Positive Community Sentiment

Jared Grey’s communique revealed that 77% of voters supported legal proceedings despite the potential probe from the SEC. This suggests an overall positive sentiment towards SUSHI, which is reflected in its increasing social volume and weighted sentiment.

TVL & Active Addresses

SushiSwap’s Total Value Locked (TVL) has increased by 12.04% on a monthly basis, even with the looming investigation from the SEC. Additionally, active addresses on the network have also increased to 484 in 24 hours, indicating more users participating in transactions within that time frame.

Market Cap In UNI Terms

Realistically speaking, SUSHI’s market cap can be measured using UNI tokens as a unit of account. As such, it is important to note that it continues to remain stable despite all odds against it at present.

Conclusion

Overall, activities on SushiSwap [SUSHI] protocol remain increasingly steadfast despite potential scrutiny from regulatory bodies like SEC. Positive community sentiments continue to drive activities on its network while TVL and active addresses show no sign of decreasing either – all pointing towards an optimistic outlook for future growth prospects for this DeFi project.

• Binance Coin [BNB] reacted extremely positively over the past two days of trading, gaining by 20.5% within four days.
• The daily market structure has turned bullish, with a retracement before a sustained move higher up the charts remaining possible.
• Spot CVD surges past February highs in response to demand and the funding rate has slowly climbed above into positive territory indicating long positions are dominant in the market.

Positive Price Movement for Binance Coin [BNB]

Binance Coin [BNB] reacted extremely positively over the past two days of trading, gaining by 20.5% within four days. A pullback as deep as $290 remains a possibility though. On the daily timeframe, the market structure for Binance Coin seemed to be bullish once more. The recent lower high at $294 was beaten during the latest reversal, but the $309-mark has posed some resistance over the past 24 hours.

Point of Control & Value Area High & Low

A strong confluence of support at $292 was found on TradingView’s Volume Profile Visible Range (VPVR). The Point of Control (POC) was at $304.2, and Binance Coin seemed to be retesting it as support, at the time of writing. The Value Area High and Low were found at $322.8 and $274.7 respectively, suggesting that buyers will be interested in these levels if there is a retracement before a sustained move higher up the charts occurs .

Funding Rate & Open Interest

The funding rate had been negative over the last two days, but it has since slowly climbed above into positive territory indicating long positions are dominant in the market – Signs of a possible flip in sentiment.. Moreover, spot CVD surged past February highs underlining strong demand for BNB tokens yet Open Interest dipped slightly over he last 48 hours despite prices appreciating during this time; evidence that bullish momentum may have weakened somewhat .

Strategy for Longer-Term Buyers

Therefore longer-term buyers can wait for a retracement into thee $285-$292 zone while more risk-averse traders can wait for a positive reaction over three days before looking to buy and trade with trend.. Furthermore Fibonacci Retracements levels draw out further important support areas based on thee surge seen in early March which could be used to enter into trades when buying opportunities arise .

Conclusion

In conclusion , Binance Coin seems to be undergoing bullish momentum with signs pointing toward an overall uptrend however pullbacks remain possible so traders should exercise caution when entering trades or making investments..

• LTC’s market structure was bearish in mid-February after price rejection at $103.
• U.S. Employment Report on Friday (March 10) could offer definite price action over the next few days/weeks and is worth tracking.
• Bears cleared the hurdles at the 50-day MA, $90.7, and 100-day EMA, putting selling pressure on Litecoin [LTC].

Litecoin [LTC] Price Analysis

The market structure of Litecoin [LTC] was bearish in mid-February after a price rejection at $103. This caused LTC to depreciate by 20% since then and increased selling pressure on the cryptocurrency.

Impact of U.S. Employment Report

The U.S. Employment Report on Friday (March 10) could offer definite price action over the next few days/weeks and is worth tracking, especially for macro-investors.

A better-than-expected job report could lead to a market rally and boost LTC’s recovery, while dismal results would exert more selling pressure.

Price Action Outlook

At press time, Litecoin’s price rebounded from the immediate crucial support at $81.89 and could come to the bulls‘ rescue if the jobs report is impressive.

Long-term bulls must defend this support level in order to keep bears off the market; otherwise, LTC could face aggressive selling if bears break below it.

Trading Indicators

The daily chart’s RSI (Relative Strength Index) was in the lower range, indicating intense selling pressure while On Balance Volume declined significantly.

Read: Litecoin [LTC] Price Prediction 2023–24 | Can The Bulls Defend $81?

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Market Value to Realized Value Ratio Flipped Negative

According to Santiment, Litecoin saw unstable demand in the derivatives market since early March as shown by fluctuating Funding Rates.

Furthermore ,the 90 – day MVRV ( Market Value to Realized Value) ratio declined and flipped negative , meaning that quarterly holders of LTC were suffering losses .

• Bone ShibaSwap [BONE], a token in the Shiba Inu [SHIB] ecosystem, recently made it to the list of the top 100 cryptocurrencies by market capitalization.
• However, BONE’s rank has been declining and at press time, it was at the 104th position in terms of market capitalization.
• Though BONE’s on-chain performance is commendable, its overall health doesn’t seem to be in a good state due to bearish exchange flows and decreased whales‘ confidence.

Bone ShibaSwap [BONE] Makes It To Top 100 Cryptocurrencies

Bone ShibaSwap [BONE], a token in the Shiba Inu [SHIB] ecosystem, recently made it to the list of the top 100 cryptocurrencies by market capitalization after Crypto.com announced that it had listed BONE on its platform. At press time, BONE was trading at $1.58 with a market capitalization of over $363 million.

On-Chain Performance Remains Commendable

Despite an overall decline in BONE’s price, its on-chain performance remained commendable on several fronts. For instance, gas used by the BONE contract went up in the last few weeks which represented an increase in adoption for this token. Furthermore, SHIB also seemed bullish as per its own set of on-chain metrics.

Overall Health Declines

However, despite these positive developments, BONE’s overall health did not seem to be in a good state when considering certain factors such as exchange flows and whales‘ confidence level towards this token. Exchange inflow for BONE spiked while exchange outflow declined suggesting that sellers were dominating the space while whales‘ confidence also seemed to have diminished as supply held by top addresses dropped off over past week resulting in further bearish sentiment around this token.

SHIB Investors May Be Worried

SHIB investors may also be worried since their favorite meme coin registered similar price decline due to current bearish market sentiment. At press time SHIB was down more than 4% compared to yesterday’s price making many investors nervous about their portfolios returns going forward.

Conclusion

Despite initial hype surrounding Bone ShibaSwap [BONE], its rank among top 100 cryptos has been steadily declining due to various factors such as overall bearish sentiment and reduced investor confidence which have resulted in lower prices for this token compared to previous levels before entering top 100 list . Although its on-chain performance remains commendable , broader crypto industry seems less enthusiastic about this asset resulting in lacklustre demand from buyers side thus far making it difficult for any significant upside gains going forward .

• The Personal Consumption Expenditure Price Index (PCE) increased by 0.6% in January, up 4.7% from a year ago, signaling the potential for further rate hikes by the Fed which could impact the crypto market.
• U.S. equities markets and crypto markets took a hit after the PCE data release, while Bitcoin dropped below $24K and the overall crypto market cap fell by over 3%.
• If the Fed takes a hawkish stance in the March meeting due to high inflation rate in January, it could slow down recent uptrend momentum seen in crypto markets.

What is PCE?

The Personal Consumption Expenditure (PCE) Price Index is preferred by Federal Reserve to gauge inflation as it has broader scope and ability to track spending behavior along with how price changes influence it. It also tracks price changes and inflation over time more accurately than the Consumer Price Index (CPI).

Impact of PCE Data Release on Financial Markets

U.S. equities markets closed in red on Friday (24 February) and Bitcoin saw over $45 million worth of long positions wrecked in last 24 hours after PCE data was released showing an increase of 0.6%, up 4.7% from a year ago. Overall cryptocurrency market cap dropped from $1.1T to $1.02T between Tuesday (February 21) and at the time of writing according to data on TradingView.

Fed’s Potential Response

High inflation rate could push Federal Reserve to consider hiking rates further, thus confirming higher-for-longer rate narrative that spread market uncertainty recently which could slow down recent uptrend momentum seen in crypto markets if taken into action during March meeting .

Crypto Market’s Performance After Data Release

US equity markets closed at red on Friday (24 February), according to Google Finance Nasdaq and S&P 500 declined by 1.69% and 1.05%, respectively whereas Bitcoin dropped below $24K,and overall cryptocurrency market cap fell by over 3%.

What Does March Hold For Crypto?

If Federal Reserve takes hawkish stance due to high inflation rate then recent uptrend momentum seen in past two months could be slowed down as breaking below psychological level of $23K would cause major corrections in crypto market prices consequently wiping out most of gains made during said period

• Arbitrum recorded an impressive growth in its DEX trading volume with daily active users on the network skyrocketed in February.
• GMX and Camelot protocols have been providing the impetus for Arbitrum’s performance, which has seen the total value locked (TVL) on the chain rise by 43%.
• Speculation of a token AirDrop is doing the rounds, although nothing official has been announced yet.

Arbitrum’s Impressive Growth

Arbitrum recorded impressive growth in its DEX trading volume as its daily active users skyrocketed in February. The layer-2 solution’s DEX volume over the past week grew by over 10%, eclipsing BNB Chain over the last 24 hours according to data from DeFiLlama. This was an impressive feat considering that BNB had a significantly larger user base when compared to other chains, per data from Token Terminal.

Protocols Driving Performance

Popular protocols like GMX and Camelot are providing the impetus for Arbitrum’s performance in the DeFi space. The largest decentralized exchange for perpetuals, GMX, accounted for nearly 30% of TVL on Arbitrum’s network, resulting in a 43% jump in February. Furthermore, Camelot’s TVL jumped from $22 million to $63 million over one month, with its native token GRAIL growing at an astonishing 900% rate over 30 days according to CoinMarketCap.

AirDrop Speculation

The rapid jump in number of users along with increased network traffic is positive news for blockchain development and has led to speculation of a potential AirDrop soon – although nothing official has been announced yet. A community member expressed confidence that it will happen soon.

Key Indicators

Arbitrum posted solid performances across several key indicators – daily active users grew by almost 80% while validator fees also hit their six-month high at 110k on 16 February – an increase of 300% within a week.

Conclusion

It appears that Arbitrum is set to continue delivering strong performance as popular DeFi protocols drive activity on its decentralized exchange (DEX). With speculation doing rounds about a possible AirDrop and several key indicators trending up, it looks like an interesting time ahead for this layer-2 solution and its users!

• Uniswap remains the most profitable DeFi protocol due to high protocol fees and its V3 deployment on BNB Chain.
• Uniswap is the undisputed leader of the DEXes, capturing almost 75% of market share at the time of writing, with daily active users hitting six-month highs.
• The total value locked (TVL) has moved steadily, with UNI’s price range in the last 30 days as indicated and its market cap shedding $600 million in the last seven days.

Uniswap Rises Above Ethereum In Terms Of User Fees

Uniswap remained the most profitable DeFi protocol in terms of user fees, with data provided by DeFiLlama showing that cumulative fees for the last 30 days for Ethereum were more than double than that of Uniswap. However, this difference was reduced drastically when cumulative fees for the last seven days were observed.

Uniswap V3 To Provide Maximum Returns For Traders And Liquidity Providers

With V3 deployment on BNB Chain getting approval, UNI’s price rise looked likely. After launching on Polygon, it captured almost 50% of the DEX market share. The latest version is intended to provide maximum returns to traders and liquidity providers and reduce price slippage. BNB Chain already has a high daily active user count and Uniswap is expected to grab an even larger share of existing DEX markets.

UNI Price Trajectory Over The Last Month

The growth in Uniswap’s daily active users has significantly picked up over the last three weeks or so and recently hit its six-month high of 61k. However, there was a negative trajectory over the last two days. At press time, UNI was up by 1.8%, exchanging hands at $6.52 according to CoinMarketCap but had shed $600 million in value during past 7 days traversing a range in past month as indicated which reached highs but followed by sharp selling pressure resulting in current prices below those highs levels again which could be crawled back up soon if bullish momentum prevails with help from UNI’s V3 feature release soon..

Realistic Or Not Here’s UNI’s Market Cap In BTC’s Terms

The total value locked (TVL) has moved steadily with no sharp upward or downward movement lately but what showed remarkable increase is Sharpe of Uniswap V3 out of total TVL which stood at 70%. Although these figures look promising but one must not forget that Bitcoin [BTC] still stays king when it comes to cryptocurrency investments as reflected through its massive market capitalization currently above trillion dollar mark compared to crypto projects like Ethereum & Uniswall whose respective market caps are much lower comparatively speaking yet both have made significant progress towards mainstream adoption throughout 2020 & 2021 respectively..

Conclusion

To conclude one can say that despite some recent pullbacks uni token continues to enjoy strong positive sentiment from investors who anticipate further upside potential once v3 feature officially launches while also keeping an eye out on their btc exposure since bitcoin will remain top dog amongst cryptos regardless what short term developments come along way throughout 2021 & beyond!

Summary:

• Binance Coin [BNB] had a good end to the year 2022 with increases in active addresses and transactions count.
• However, TVL and NFT ecosystems experienced a decline in revenue and total value locked.
• The new year brought better news for BNB as most of the cryptos gained bullish momentum.

Overview of BNB Performance in Q4 2022

Messari recently published Binance Coin’s [BNB] 2022 Q4 report, which highlighted the blockchain’s performance during the last three months of the previous year. As per the report, BNB Chain registered growth in quite a few areas. This helped BNB begin the new year on a good note. Average daily active addresses increased considerably by 30%, along with an influx of new network users as average daily unique addresses increased from 889k to over 1 million. Average transactions also witnessed a slight uptick despite the bearish market condition of that quarter registering an increase of 0.2%.

Decline In Revenue and Total Value Locked

Despite this growth, several other areas registered a decline such as quarterly revenue which decreased from $66.8 million to $59.98 million in Q4 2022 and network value which decreased by 13.4%. Similarly, Total Value Locked (TVL) denominated in both BNB and USD declined by 12% and 24%, respectively while NTF secondary sales dropped by more than 67%. However, after integration with OpenSea, the number of unique buyers skyrocketed changing this trend significantly.

Positive Start To The New Year

2023 brought better news for cryptos across board as most gained bullish momentum resulting in positive changes for BNB too such as increase or maintenance in various metrics such as active addresses etc.. PancakeSwap was able to remain dominant with respect to TVL dominance followed by Venus and Alpaca Finance at second and third positions respectively. Furthermore, NFT space too saw some improvement after OpenSea listing resulting in an influx of unique buyers on BNB Chain’s platform .

Conclusion

Overall it can be said that all metrics were not favourable for Binance Coin during Q4 2022 but despite this fact it managed to start off 2023 on a positive note due its performance across various factors such as active addresses etc., along with improving integration with other platforms like OpenSea leading to improved figures regarding NFTs on its chain’s platform thereby allowing it start off 2023 on a high note despite bearish market conditions during previous quarter

• PancakeSwap [CAKE] has remained popular among whales, with CAKE being one of the top choices of the whales according to WhaleStats.
• The network recently revealed that it burned CAKE worth over $27 million.
• CAKE was trading at $4.15 with a market capitalization of more than $683 million, registering double digit weekly gains.

PancakeSwap [CAKE] has become increasingly popular among whales, with WhaleStats recently indicating that CAKE was one of the top choices of the top 100 BSC whales. This comes as no surprise as the network has been consistently burning CAKE, which demonstrates the token’s deflationary characteristic. This trend was recently exemplified when over 6,992,717 CAKE tokens were burned, totalling to $27 million.

The performance of CAKE on the price front is also optimistic, as it has been registering double digit weekly gains. According to CoinMarketCap’s data, CAKE’s price increased by over 7% in the last 24 hours, and at the time of writing, it was trading at $4.15 with a market capitalization of more than $683 million. CryptoQuant’s data reveals that the token’s market cap in terms of Bitcoin has also increased steadily over the past few weeks.

All of this paints a promising picture for CAKE and its investors, and it appears that the token is well-positioned for further growth in the foreseeable future. As the network continues to grow and expand its user base, more and more investors are likely to be attracted to PancakeSwap and its native token. As such, it will be interesting to see how this story unfolds in the weeks and months ahead.