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$BTC that was a quick drop 🫣

XRP has managed to overturn its recent downtrend, recording positive gains across all the notable trading periods. According to our market data, the asset has surged by 5.5% in the last 24 hours, 9% in the last seven days, 3.8% in the last 30 days, 3.2% in the last 90 days, and 6.8% from year to date. Its market cap has made a quick rebound to $143 billion as $9.4 billion changes hands at press time. Looking into its on-chain activities , we found that the current trend aligns with investors’ confidence as Binance’s XRP reserves drastically drop. Fascinatingly, this appears to be a sharp turn from the recent increase of Binance’s XRP reserve from 2.72 billion to 2.90 billion, as outlined in our recent blog post. While this scenario is usually linked to the movement of assets to cold storage, it is historically accompanied by a tightening supply and subsequent price surges. Confirming this trend, analyst Ali Martinez has also shared data that shows that XRP active addresses have surged by a whopping 620% in just a week. Specifically, the numbers increased from 74,589 to 462,650. Meanwhile, the XRP Ledger has also recorded a 24% surge in the number of accounts since early 2024. According to data, the network has 6.2 million accounts, a fair surge from the previous 5 million accounts. Joining the XRP discussion, a popular finance author called Linda Jones has urged investors to make a move while the asset is undergoing a major correction. It is important to note that XRP dropped from $2.99 to $2.20 between March 3 and March 4. According to analyst Ali Martinez, the asset could extend its correction to $1 in a 58% fall from the current level. Per his observation, XRP is forming a head-and-shoulders pattern on its daily timeframe with $2 serving as the neckline and a major support. Similarly, an analyst identified as Jesse Colombo has also disclosed that XRP is forming the same pattern, indicating that a fall below $2 could be fatal. However, he did not specify how low the asset could go. Earlier, an analyst called IncomeSharks predicted that XRP could stage a dramatic fall to hit $0.6. His reason was that the asset had been following a “pump and dump” pattern. Regardless, other analysts remain optimistic about the future price of XRP. According to analyst Captain Faibik, the asset is forming a bullish pennant that could position the price at $5. This also aligns with a recent prediction by analyst Worlds of Charts. As explained in our last analysis, Worlds of Charts believes that a breakout from a descending trendline could trigger buying pressure, which would send XRP to $5. Another analyst called Egrad Crypto has also predicted that the asset could hit $27 this cycle. As mentioned in our previous news brief, XRP could repeat the 2017 move, which could likely send its market cap to at least $1 trillion.

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🚀 $ETH /USDT SHORT TRADE HIT PERFECTLY – MASSIVE PROFITS SECURED 🔥 Big shoutout to everyone who followed my short call on $ETH —we nailed the $2,190 target with precision! The market played exactly as predicted, delivering a highly profitable trade. 📉 What’s Next? 🔻 ETH is testing critical support at $2,180—a break below this level could trigger further downside. 🔹 Next Short Setup: Re-entry: Below $2,180 (wait for confirmation). 🎯 Targets: 1️⃣ $2,160 – Immediate drop zone. 2️⃣ $2,140 – Key breakdown level. 3️⃣ $2,100 – Extended bearish target. 🛑 Stop-Loss: Above $2,220 to protect capital. ⚠️ Quick Tips: 🔍 Monitor selling pressure—sustained volume can accelerate the drop. 📈 If ETH rebounds above $2,200, expect a possible trend shift. 💰 Secure profits at key levels to lock in gains. Another winning trade in the books! Let me know in the comments if you booked profits🔥 #ETH #Crypto #ShortTrade #TradingSignals #Write2Earn!

Blockchains currently compete to lead the NFT market through annual trading volume growth and increasing transaction count and user interaction. The blockchain network Ethereum continued to dominate in February while Bitcoin, Solana, and Polygon demonstrated substantial development. The following analysis reviews the performance of the twelve foremost blockchains that recorded NFT sales. TOP BLOCKCHAINS BY MONTHLY #NFT SALES VOLUME #Ethereum #Bitcoin #Solana #Polygon #Mythos #Immutable #Base #BNBChain #Flow #Ronin #Cardano #Avalanche pic.twitter.com/Xtykuie1oM — PHOENIX – Crypto News & Analytics (@pnxgrp) March 5, 2025 Ethereum Maintains Its NFT Market Leadership In February 2025, Ethereum maintained its leadership position as the NFT market leader by achieving $223 million in sales through 623,602 transactions. The blockchain maintained its leadership position as a prominent trading platform through its 36,745 purchasers and 31,744 vendors. Ethereum retains its market dominance for blue-chip NFT collections and primary major marketplaces despite its elevated gas costs. The NFT industry maintains its leadership in the network due to its high liquidity alongside strong security and extensive ecosystem components. Bitcoin’s NFT Ecosystem Expands Rapidly Bitcoin occupies the second position in the NFT sector due to its $104.8 million sales alongside 158,439 transactions. The Bitcoin-native NFTs and Ordinals phenomenon has resulted in 3,498 purchasers and 3,681 traders across the platform. Traditional blockchain systems historically avoided association with NFTs until innovative inscription methods created a sudden market growth. The NFT market entry of Bitcoin transforms investor and trader understanding of blockchain capabilities, which extend beyond maintaining value. Solana, Polygon, and Mythos Drive High Transactions Solana maintained its dominant market position through NFT sales that totalled $51.3 million and transaction processing at 723,603 transactions. Low transaction fees combined with fast processing enabled Solana to achieve 16,584 buyers while attracting 21,704 sellers during its period. The activity on Polygon’s blockchain reached remarkable heights when it achieved $44.4 million in sales and processed an astounding 1,077,829 transactions. Polygon developed its status as a leading platform for gaming through its combination of 11,125 buyers and 3,409 sellers who access affordable NFT collections. Mythos emerged as an emerging blockchain with $41.1 million in sales and 1.6 million transactions, which exceeded most networks’ trading counts. Today this blockchain attracts substantial participation from both traders and NFT admirers because it pairs 10,122 sellers and 12,148 buyers. Emerging Blockchains Gain Traction in NFT Space Immutable X, specialized in game NFTs, achieved $20.8 million in sales while processing 34,478 transactions. The network maintained its status as a gaming NFT leader through its 1,616 buyer and 1,714 seller participation base. The Base Layer-2 blockchain operated by Coinbase achieved $13.8 million in transactions while completing 353,387 operations. The NFT ecosystem appreciates Base for its growing presence despite having only 2,057 buyers and 3,009 sellers. BNB Chain experienced $8.1 million in sales from its 28,427 transactions through 4,544 buyers and 2,365 sellers to secure its position in the market. The platform Flow, which ruled the market through its NBA Top Shot project, generated $5 million in sales while processing 304,138 transactions involving 2,569 buyers and 2,674 sellers. Despite a reduction in its trading volume, the platform continues to stay active in the NFT collectables sector. Ronin, Cardano, and Avalanche are the last three on the list. The Future of NFT Market Competition The dominance of Ethereum continues while the quick Bitcoin market growth indicates changing NFT trends. The transaction volume competition between Solana, Polygo, and Mythos continues as Base and Immutable X establish their positions in the market.