Author
Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space
$1.10 Billion Crypto Liquidation in Bitcoin Crash, What’s Happening?
A sudden drop in Bitcoin (BTC), the world’s largest asset has resulted in the liquidation of a significant $1.10 billion worth of long and short positions in the past 24 hours. Of this massive liquidation, BTC alone accounted for $565 million, with $417 million coming from long positions and $145 million from short positions, as …
Chandan Gupta·6 Dec 20241 min
Time to Buy XRP? $315 Million Flows Out of Exchanges
XRP, the native token of Ripple Labs, is now poised to continue its upside momentum after facing selling pressure in recent days. This positive outlook for XRP is potentially driven by bullish price action, rising interest from whales and traders, and significant withdrawals from exchanges. XRP’s Price Momentum Despite this bullish outlook, XRP has registered …
Chandan Gupta·6 Dec 20242 min
This MEME Coin Set For 30% Rally, In-depth Analysis
In this bull run, despite opting for blue-chip cryptocurrencies majority of investors and traders opting meme coins for a quick profit. While examining the growing interest in meme coins, CoinPedia’s technical expert highlighted Shiba Inu (SHIB), the second-largest crypto-meme coin, as being poised for notable upside momentum. Shiba Inu (SHIB) Technical Analysis and Upcoming Level …
Chandan Gupta·5 Dec 20242 min
Solana (SOL) Set to Hit New High, 82.2% Traders Hold Long Positions
Solana (SOL), the world’s fifth-largest cryptocurrency by market cap is poised for upside momentum, as it has formed a bullish price action pattern in its four-hour time frame. Earlier, SOL breached a bearish head and shoulders pattern, trapping bears as the price reversed after the breakout. Solana (SOL) Technical Analysis and Upcoming Level Today, December …
Chandan Gupta·5 Dec 20242 min
$63 Million of XLM Outflow, Bullish Signal or What
XLM, the native token of Stellar, appears to have completed its ongoing price correction as its on-chain metrics hint at a bullish outlook. Since the presidential election results in the United States, the overall cryptocurrency market has witnessed a significant upside rally. Amid this, XLM has recorded a substantial 430% gain. $63 Million of XLM …
Chandan Gupta·5 Dec 20242 min
Time to Buy BTC? BlackRock Adds $1 Billion to Bitcoin Holdings
Bitcoin (BTC), the world’s largest digital asset by market capitalization is witnessing a shift in sentiment toward the bullish side. On December 4, 2024, blockchain intelligence firm Arkham made a post on X (formerly Twitter) that BlackRock, the world’s largest asset manager had purchased a significant amount of Bitcoin. BlackRock Buys $1 Billion of Bitcoin …
Chandan Gupta·5 Dec 20242 min
XRP Poised for 20% Price Decline, Chart Signals Imminent Sell-Off
After a notable upside rally in the past, XRP, the native token of Ripple Labs is poised for price correction as its chart is flashing a sell-off signal. However, this bearish or negative outlook is further getting support from large holders. Whale Dump 40 million XRP Tokens Today, December 4, 2024, the blockchain-based transaction tracker …
Chandan Gupta·4 Dec 20242 min
Ripple’s RLUSD Stablecoin Set to Launch Today, What’s Next for XRP?
The highly anticipated launch of Ripple’s dollar-pegged stablecoin, RLUSD, is expected to take place today, December 4, 2024. However, Ripple is reportedly awaiting approval from the New York Department of Financial Services, according to local media reports. What is RLUSD? Ripple USD (RLUSD), a 1:1 USD-backed stablecoin, offers transparency and stability on the XRP Ledger …
Chandan Gupta·4 Dec 20241 min
NewsGrayscale Files for Spot Solana ETF, SOL Price Spikes
The cryptocurrency market appears super interesting due to ongoing developments in the industry. Today, December 4, 2024, the giant asset manager Grayscale Investments has officially filed for a Solana Exchange-Traded Fund (ETF) with the New York Stock Exchange (NYSE). Will Solana ETF Get Approval? Under Gary Gensler, the Securities and Exchange Commission approved 11 Bitcoin …
Chandan Gupta·4 Dec 20242 min