📊 As traders await a potential Bitcoin/crypto rebound, Cardano, Quant, and Holo are three notable assets seeing a sudden surge in address activity. When coins that are declining in value suddenly see rises like these, it historically raises the likelihood of a bounce. 📈

🐳 The decline in overall whale activity across most crypto assets has become more and more noticeable. Peak 2024 $100K+ transaction weeks for BTC & ETH compared to recently:

Bitcoin:
March 13-19: 115.1K Whale Transactions
August 21-27: 60.2K Whale Transactions

Ethereum:
March 13-19: 115.1K Whale Transactions
August 21-27: 31.8K Whale Transactions

Be mindful that a decline in whale activity doesn't necessarily mean they are dumping or prices are likely to drop as a result. Top addresses notoriously become most active during times when volatility is at its highest.

Overall, among activity that is happening from whales, Santiment data still indicates a steady flow of accumulation despite less overall transactions.

🗣️ According to live social data, these are the tokens seeing the highest rise in social volume Monday, and why:

🪙 Bitcoin $BTC: Notable conversations about the challenges faced by bitcoin miners, potential price dips, and the activities of whales.

🪙 Cardano $ADA: Concerns regarding its market position, adoption rate, and utility compared to other cryptocurrencies. There are ongoing debates about its technological advancements and potential use cases, particularly in Africa, which contribute to the prominence of Cardano in the crypto community.

🪙 Velo $VELO: Voting and community engagement, indicating active participation from the community. Additionally, there are references to official contract addresses and reminders about scams.

📊 Crypto is showing signs of recovery, with Bitcoin rebounding to as high as $61.3K today. The crowd sentiment has been flipping more and more bullish for most top caps since the August 5th bottom, and BTC +19% since that fear-causing crash. 👍

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

📈 1) Internet Computer $ICP 🥇
📉 2) Hedera $HBAR 🥈
📈 3) Cardano $ADA 🥉
📉 4) Chainlink $LINK
📉 5) Optimism $OP
📈 6) Cosmos $ATOM
📈 7) Starknet $STRK
📉 8) Status $SNT
📈 9) Ethereum $ETH
📈 10) Polkadot $DOT

Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading.

📊 Crypto markets have retraced across the board, leaving traders calling for sub-$50K prices once again. However, history shows that when we see such low 7-day average trader returns for top caps like BTC, ETH, ADA, XRP, DOGE, and LINK, bounce probabilities rise significantly.

Since March, Cardano’s daily transaction volume has made lower highs, consolidating a downtrend. Data shows $1.53 billion transacted on Cardano in the last 24 hours. Comparatively, the network confirmed over $11.56 billion in March’s peak, making ten times more volume then.

As of this writing, ADA trades at $0.40, 48% down from the $0.77 exchange rate of March. This loss is notably lower than the drop in network activity, highlighting this onchain downtrend relevancy to Cardano.

Yet, Cardano’s NVT ratio on July 30 was 9.16. This is a relatively low Network Value-to-Transaction ratio in the crypto space. Comparatively, Bitcoin and Ethereum have a 251 and 166 NVT ratio each, respectively.

Follow me on 𝕏 @vinibarbosabr

Read more at Finbold: https://finbold.com/is-ada-overvalued-cardanos-network-volume-is-on-a-downtrend/

📈 Solana has made history today surpassing Binance Coin to move into the #4 spot in crypto for the 1st time in its 4+ years of trading. Expect the two assets to be in close proximity to one another, but SOL's +35% growth vs. BNB's +10% the past 2 weeks gives SOL the momentum.

📊 As crypto markets are showing serious bounce action on a bullish Friday, keep in mind where various assets stand in terms of average trading returns.

If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in have a greater probability of netting high returns for you. Among 10 notable coins, here are the best and worst MVRV Z-Score to help with your portfolio decisions:

😎 Most Gain (Average Traders Profiting, Higher Risk Now):
📌Toncoin
📌Bitcoin
📌Ethereum
📌Dogecoin

😩 Most Pain (Average Traders Losing, Lower Risk):
📌Uniswap
📌Shiba Inu
📌Polygon
📌Chainlink
📌Cardano
📌XRP

🧐 When selecting altcoins, pay attention to those being bet against (shorted) by other crypto traders. When funding rates on large exchanges get heavily in negative range, like we see with Chiliz, Fantom, and Cardano, there are increased chances of liquidations leading to pumps.