Here’s How Much Stablecoin Transfer Volume Has Increased Over the Past 4 Years.

Average monthly stablecoin volumes have surged from $100 billion four years ago to over $1 trillion recently, indicating rapid growth.

According to Token Terminal data, the monthly stablecoin transfer volume surged to over $1.68 trillion in April, marking a significant increase from the $100 billion recorded in October 2020.

This 16-fold rise highlights the potential of stablecoins in enhancing financial processes and facilitating cross-border transfers.

Record-Breaking Stablecoin Volumes
In a recent post on X, Token Terminal shared data indicating record-breaking performance in stablecoin transfer volumes. Average monthly volumes have surged from $100 billion four years ago to $1 trillion recently.

This analysis included stablecoins from major issuers such as Tether, Frax Finance, Circle, Paxos, MakerDAO, Liquity Protocol, Athena Labs, Angle Protocol, Aave, Monerium, and more.

Visa’s network, referenced as a benchmark in Token Terminal’s post on X, also tracks their data. It reported significant spikes in stablecoin activity, noting over 31.2 million users who conducted more than 350 million transactions, resulting in a transaction volume of $2.7 trillion in the last 30-day period.

However, despite the massive and largely positive stats reported in April, the monthly transfer volumes slightly dipped in May 2024.

More data indicates that as of June, the combined market value of all stablecoins is now more than $162 billion, 24% up from $130 billion in early Jan 2024.

Ethereum-based stablecoins dominate the market, holding over 49.49% of the market share. As stablecoin transfer volumes surged in April, those based on Ethereum led the market, with DAI reporting volumes of $636 billion. This represents a significant increase, with April’s DAI volumes being over three times higher than in March.
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Bitcoin Drops 10% Weekly But Big Players Stay in the Game

The data indicates a clear trend of accumulation among large Bitcoin holders.

Bitcoin suffered yet another tumble, losing roughly 10% over the past week. Despite these volatile price movements, Santiment’s latest analysis reveals that key stakeholders aren’t budging on their BTC holdings.
While looming concerns and FUD spreading within trading circles as the April 19th halving approaches exist, it is also important to note that certain whale groups have demonstrated significant confidence in Bitcoin’s long-term potential.

Bitcoin Investors Hold Steady
The accumulation trend is evident by the data suggesting that wallets holding between 100 to 1,000 BTC purchased 43,489 coins, equivalent to $2.75 billion since March 1st.
A similar pattern was seen across wallets with holdings ranging from 1,000 to 10,000 BTC, which amassed 80,544 coins, totaling $5.1 billion during the same period. Wallets holding between 10,000 to 100,000 BTC also accumulated 91,732 coins, worth around $5.8 billion.
This data compiled by the crypto analytic platform essentially suggests that despite short-term market turbulence, large-scale investors remain committed to Bitcoin, indicating a strong underlying bullish sentiment towards the world’s largest cryptocurrency.
Experts believe that the market is currently in an uptrend. As such, the accumulation stage is expected to continue till the halving as Bitcoin trades within the 60,000-59,0000 zone.
Additionally, Intotheblock revealed that Bitcoin is currently sitting right atop a crucial demand zone, which indicates a potentially strong level of support. With over a million addresses historically acquiring over 530,000 BTC at an average price of $64.3k, this area holds significant importance as a potential stronghold for the cryptocurrency’s price. However, in case of a downside break, the next major demand zone is around the $56,000 level.

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WHY IS THE VETERAN'S INVOLVEMENT IN BLOCKCHAIN DECENTRALIZED FINANCE TERMED AS THE CRYPTOCURRENCY SAVIOUR?

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Here's why placing your trust and investments in blockchain initiatives led by veterans is not only safe but arguably the wisest choice for anyone seeking a stable and meaningful passive income:

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INTEGRITY AND TRUSTWORTHINESS: Veterans have dedicated their lives to serving and protecting, holding the interests of citizens at heart. This sense of duty and integrity is critical when it comes to financial investments, particularly in a domain where trust is paramount.

ADAPTABILITY AND RESILIENCE: The cryptocurrency market is ever-changing, and adaptability is key. Veterans are trained to adapt to rapidly changing situations, making them well-equipped to navigate the ups and downs of the crypto world, ensuring your investments are managed with agility and foresight.

A COMMITMENT TO SERVICE AND PROTECTION: Just as they've protected nations, veterans bring a commitment to protecting your investments. Their focus on serving the greater good translates into a commitment to safeguarding the financial interests of their clients.

STRATEGIC THINKING AND RISK MANAGEMENT: The military background instills a knack for strategic planning and risk assessment. Veterans apply these skills to manage crypto investments effectively, balancing risk with potential gains to optimize your returns.

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COMMUNITY AND SUPPORT: By investing with veterans in the blockchain space, you're joining a community that values solidarity, mutual support, and collective growth – principles that are essential for long-term success in any field.

Entrusting your cryptocurrency investments to veteranscoindeck.com is not just a safe bet; it's a decision that aligns with the values of freedom, service, and commitment to the greater good. It's a choice that allows you to grow your wealth while supporting those who have dedicated their lives to serving others. It's more than an investment; it's a partnership with proven guardians of trust, discipline, and resilience.

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Carlson pointed out that the value of Bitcoin extends beyond mere wealth accumulation. It represents a fundamental shift towards financial independence from traditional, often manipulative economic systems. Such a perspective aligns with Veterans CoinDeck mission to empower individuals through financial decentralization.

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Ethereum Price Analysis: Will $3,000 Prove to Be Too Big of an Obstacle for the Short Term?

Ethereum’s price action has been very bullish in recent weeks, with several resistance levels being broken through. However, the price has reached a key level that might cause problems.

On the daily chart, the price has been rallying after rebounding from the $2,200 support level a month ago. Both the $2,400 and $2,700 resistance levels have been broken with ease, and the price has also pushed above the large ascending channel. The $3,000 resistance level is currently being tested, and the market is failing to climb higher. ETH’s price might decline toward the $2,700 level in case a correction occurs before breaking higher.

The 4-Hour Chart
Looking at the 4-hour timeframe, the price has broken the ascending channel to the upside, retested the higher boundary, and risen toward the $3,000 level. However, this resistance level has rejected the price to the downside, preventing a further rally.

Meanwhile, the Relative Strength Index is still showing values above 50%, indicating that a bullish continuation might still be probable. Yet, the price could retest the broken boundary of the large channel before doing so.

Ethereum Funding Rates
Ethereum’s price has been rallying aggressively over the past few weeks. This has led to significant optimism among market participants regarding future price action, as they expect ETH to make a new all-time high soon.

This chart demonstrates the Ethereum funding rates. The funding rates show whether the sellers or the buyers are executing more aggressive orders (market orders) on aggregate. Positive values are associated with bullish sentiment, while negative ones indicate bearish expectations by futures traders.

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