Analyst Calls Cardano A ‘Ghost Chain’ Amid Disappointing Network Metrics

Ripple's recent movement of millions of XRP from a wallet associated with the company has raised concerns in the cryptocurrency market regarding potential sell-off intentions. This significant on-chain activity has led to speculation about Ripple's strategy as a major XRP holder, coinciding with a broader decline in trading volumes and prices in the crypto space.

Bitcoin has lost its critical support level of $90,000, marking a significant downturn in the cryptocurrency market. The price decline has been accompanied by persistent selling pressure from long-term holders, indicating a lack of confidence in the market's stability. This trend has raised concerns about the potential for further losses as volatility continues to affect Bitcoin's value.

A new WhatsApp worm is rapidly spreading in Brazil, targeting ordinary users by stealing bank logins and cryptocurrency keys, according to security firms. Victims receive messages that appear to be legitimate, such as delivery notes or government alerts, which lead to the installation of malware. This development raises concerns about the security of financial information among users.

21Shares, a leading crypto ETF issuer with $8 billion in assets, has expanded its offerings in Europe by listing six new cryptocurrency exchange-traded products (ETPs), including Aave and Cardano. This move comes amid a growing trend of new crypto ETFs being introduced in the US market.

Recent Bitcoin whale activity indicates a shift in market dynamics, with significant accumulation occurring during periods of price weakness. This suggests that Bitcoin's supply is transitioning from short-term traders to long-term holders. The limitations of Bitcoin's base layer, including low throughput and high fees, are driving interest in Layer-2 solutions like Bitcoin Hyper, which utilizes SVM technology for enhanced scalability.

$XRP has experienced a significant increase in trading volume, surging from $118K to $2.8M, indicating a shift towards institutional investment. A price movement above $2.16 could signal a sustained bull run, while a drop below $1.94 may lead to a crash. Additionally, PEPENODE has introduced a new mine-to-earn memecoin model, attracting attention in the cryptocurrency market.

XRP investors are experiencing significant losses, with recent on-chain data indicating a sharp decline in profitable supply. The market remains fragile, despite XRP trading higher than its price from the previous year. Current statistics reveal increasing pressure on investors and a weakening market structure.

Ethereum has been experiencing a downward trend since reaching a new all-time high in August, exacerbated by a significant market crash on October 10. This prolonged bearish performance has led to a complete reset of its liquidity, indicating a potential turning point for the cryptocurrency.