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cointelegraph.com Mar 21, 2025 06:07

ETH mega pump coming? Ether on exchanges falls to near-decade low - Ether’s supply on crypto exchanges has dropped to its lowest level since November 2015, leading some analysts to predict a major price rally despite recent bearish sentiment.“Ethereums holders have now brought the available supply on exchanges down to 8.97M, the lowest amount in nearly 10 years (November, 2015),” crypto analytics platform Santiment said in a March 20 X post.Ether’s supply on crypto exchanges has reached its lowest point since November 2015. Source: SantimentSantiment said ETH had been rapidly leaving crypto exchanges, with balances now 16.4% lower than at the end of January. This suggests that investors are moving their ETH into cold storage wallets for long-term holding, potentially holding more conviction that Ether’s (ETH) price will rise in the future.A significant decline in ETH supply across crypto exchanges can signal a potential price surge soon, commonly known as a “supply shock.” However, a surge will only happen if demand remains strong or increases to outpace the reduced supply.It was recently seen in Bitcoin (BTC). On Jan. 13, Bitcoin reserves on all crypto exchanges dropped to 2.35 million BTC, hitting a nearly seven-year low that was last seen in June 2018. Just a week later, Bitcoin surged to a new high of $109,000 amid the inauguration of US President Donald Trump.Some crypto traders and analysts anticipate a similar scenario for Ether.Crypto trader Crypto General told their 230,800 X followers that it is “Just a question of time before the big supply shock.”Crypto commentator Ted said in a March 19 X post that with ETH supply on crypto exchanges decreasing by the day, “buyers will soon compete, leading to bidding wars.”Related: ‘Successful’ ETH ETF less perfect without staking — BlackRockMeanwhile, crypto trader Naber said in an X post on the same day that the largest ETH accumulation is taking place, and it may lead to Ether reaching the $8,000 to $10,000 price range. Even at the lower end of $8,000, Ether would be up 64% from its all-time high of $4,878, reached in November 2021.While the supply decline is giving crypto traders hope for ETH, other signals have recently cast a bearish shadow over the asset.Its performance against Bitcoin has been at its lowest in five years. Daan Crypto Trades said in a March 19 X post that it is “unlikely to see this anywhere near its highs anytime soon.”Ether is down 26% over the past 30 days. Source: CoinMarketCapEther is currently trading at $1,971, down 26% over the past month according to CoinMarketCap data. Meanwhile, spot Ether ETFs have had 12 straight days of outflows totaling $370.6 million, according to Farside data.“This has been one brutal downtrend,” Daan Crypto Trades added.Scott Melker, aka “The Wolf of All Streets,” said, “Either Ethereum bounces here and this is a generational bottom, or it’s over.”Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plungeThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 88%
cointelegraph.com Mar 21, 2025 05:52

44% are bullish over crypto AI token prices: CoinGecko survey - Nearly half of crypto pundits in a recent survey are bullish over crypto AI tokens prices — which could bode well for the $23.6 billion crypto market sector. Of the 2,632 respondents surveyed by CoinGecko between February and March, 25% were “fully bullish,” and 19.3% indicated they were “somewhat bullish” for crypto AI tokens in 2025. Around 29% of respondents were neutral on the subject, while a combined 26.3% were either somewhat bearish or bearish. Responses on crypto AI product sentiment. Source: CoinGeckoThe survey response was similar when it came to crypto AI products, which comes as the “use cases combining crypto with AI have improved and are seeing more widespread adoption,” said CoinGecko’s crypto research analyst Yuqian Lim.“This perhaps shows that crypto participants are not differentiating between crypto AI’s investing or trading potential and the technology itself,” said Lim. “Such market sentiments might in turn reflect expectations that now is the time for crypto AI to move beyond the conceptual stage and mature as a sector.”CoinGecko’s cryptocurrency tracker shows that the top artificial intelligence coins by market capitalization are around $23.6 billion, led by Near Protocol (NEAR), Internet Computer (ICP) and Bittensor (TAO). There’s also a separate group of AI agent coins, such as Artificial Super Intelligence (FET), Virtuals Protocol (VIRTUAL), ai16z (AI16z) and others, which command a market cap of $4.5 billion. CoinGecko surveyed 2,632 participants between Feb. 20 and March 10 and grouped participants whether they were long-term crypto investors or short-term traders. It also asked participants to categorize themselves on whether they saw themselves as early or late adopters and laggards of crypto AI.It found that some of the earliest adopters — known as “innovators” — had a higher share of bearishness compared to some of the later adopters. “Laggards” were the most bearish, in line with expectations. Responses on crypto AI product sentiment between the innovator, early adopter, early majority, late majority and laggard groups. Source: CoinGeckoRelated: 83% of institutions plan to up crypto allocations in 2025: CoinbaseSpencer Farrar, a partner at the AI and crypto-focused venture capital firm Theory Ventures, recently told Cointelegraph that these AI applications are “a bit frothy” at the moment, but more utility could come down the line.Farrar expects to see further experimentation with crypto AI tokens, as they allow retail investors to speculate on smaller market cap ideas that largely aren’t as accessible in the stock market.“Things tend to start off like this in the open-source world; you see a ton of tinkering, and then perhaps we’ll see something really big come of it.”Crypto AI verticals that Farrar’s firm has a close eye on include decentralized GPU provider protocols, decentralized data providers, payment infrastructure for AI agents leveraging blockchain tech and crypto trading bots.“There’s also an opportunity for crypto to be used as a video to authenticate content as AI-generated or human-generated,” Farrar added.Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge

FOMO: 85%