CryptoQuant CEO Shares Some On-chain Alerts for Altcoins

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• CryptoQuant’s CEO shared a spreadsheet of on-chain alerts on Twitter today.
• The prices of all of the altcoins except for ETH have risen over the last 24 hours.
• Daily 20 and 50 EMAs for ETH have crossed bearishly.

Ki Young Ju, the co-founder and CEO of CryptoQuant, posted a tweet this morning that is directed toward altcoin traders. In the tweet, he suggests that altcoin traders “might want to set alerts on exchange alt deposits to monitor unusual on-chain activities.”

The CEO also shared a Google (NASDAQ:GOOGL) spreadsheet that lists some on-chain alerts that are available on the CryptoQuant platform. According to Ki Young Ju, the alerts “monitor centralized exchange inflow vol, # of TXs for ERC20 tokens. Thresholds are based on standard deviations.”

When looking at the top 10 altcoins by market cap, as ranked by CoinMarketCap, the majority of these altcoins have seen their prices rise over the last 24 hours.

While the price of Ethereum (ETH) dropped 0.52% over the last 24 hours, the prices of Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) have all risen over the same period.

At press time, the price of BNB is up 0.46%, XRP by 2.94%, and DOGE by 3.83%. Meanwhile, ADA and MATIC are up 2.15% and 1.95% respectively.

The global crypto market cap now stands at around $845.80 billion, which is a 0.60% increase over the last day. Trading volume in the market has dropped a significant 21.89% – taking the figure to approximately $61.87 billion at press time.

Daily chart for ETH/USDT (Source: CoinMarketCap)

Looking at ETH, the daily 20 EMA crossed bullishly below the 50 EMA on the 10th of November to trigger a bearish flag on ETH’s chart. Since then, ETH was able to recover from a local low of $1,073.53 to trade at its current price of $1,249.05.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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