Decentralized Finance (DeFi)

Multiple Companies Reimagine Themselves And Distance From FTX

Multiple Companies Reimagine Themselves And Distance From FTX

There is no doubt that the FTX debacle has been a game-changer for the whole crypto community and revealed core issues that all businesses must address to remain competitive and retain their reputations. While the collapse of one of the biggest crypto exchanges did create some commotion in various circles, it did not disturb the market to a degree that many experts predicted. Many coins managed to weather the storm just fine and held to their support levels despite losing some value. The reaction of the industry Many companies operating in the domain decided to take action immediately even if…
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NFTs And DeFi Sectors Show No Prominent Signs Of Sustaining Any FTX Pressure

NFTs And DeFi Sectors Show No Prominent Signs Of Sustaining Any FTX Pressure

The devastating impacts that the crypto industry has been facing presently also include the immense pressure caused by FTX’s collapse. The Crypto market is likely to incur further losses and invite more turmoil because of FTX. DappRadar’s Report Show Signs of Strong Resilient However, within these turbulent times, DappRadar’s report indicates a strong presence of resilience in the crypto market stemming from NFT and DeFi sectors. Although the impact of FTX collapse was also felt by decentralized finance (DeFi), however, instead of declining, user activity has increased significantly. Since the past month, the user activity has not only come back…
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Google Shares Data That Shows Bitcoin Is Losing Traction While Web3 Is Gaining Popularity

Google Shares Data That Shows Bitcoin Is Losing Traction While Web3 Is Gaining Popularity

Over time, the interest of the internet community has started to fade in favor of Bitcoin (BTC). However, people are curious to know as much as they can about the new technology ‘Web3’. Google Shares Interesting Trend Details Google has recently shared its data about the interest of the existing and potential cryptocurrency community in Bitcoin and other crypto market trends. The data shared by Google is quite interesting and goes to confirm that the interest of the crypto community has finally started to shift from Bitcoin. The cryptocurrency industry has been around for more than a decade. Since 2009,…
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This Upgrade May Make Terra Classic (LUNC) Holders Happiest Investors

This Upgrade May Make Terra Classic (LUNC) Holders Happiest Investors

Terra Classic lately stole the show from various digital coins after staying in the backbench over the past few months. The digital token gained approximately 20% yesterday, making it among the most debated digital assets on August 26. While publishing this blog, LUNC traded at $0.00011816, with 6,907,072,876,045 overall supply. The primary reason behind this sudden uptick is the LUNC network update release, which catalyzed new investor hopes. Heightened Community Excitement The price surge saw LUNC supporters flooding Twitter, reacting to the swift price surge following months of dormancy. Moreover, the overjoyed community commented on potential upsides for LUNC to…
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Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) nears a critical junction as the top decentralized exchange faces a gripping condition. The protocol has witnessed a barren run since overtaking Curve in most utilized DEX. For instance, Uniswap registered new lows in July, with trading volume plummeting to $37.8 billion, 2022's lowest mark. Furthermore, July's figures remain far by $24.8B from May's $62.7 billion – the yearly peak. Do Not Leave Yet Surprisingly, Uniswap has stayed busy lately after surging on the charts in market cap. UNI's growth over the week reflects such developments. Nevertheless, the altcoin endured a brief fall as other leading cryptos recorded…
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1INCH: Why Near-Term Bearish Retracement Remains a Possibility

1INCH: Why Near-Term Bearish Retracement Remains a Possibility

The bearish performance in the overall crypto market during the 2022 first half had 1INCH extending its downsides from its ATH by a staggering 93%. Despite that, the platform maintained impressive development activity. That has been the narrative with most crypto projects targeting long-term growth. However, can that aid recovery in 1INCH? The alternative token shows revival signals despite the massive fall. 1INCH has (so far) gained around 67% from June's lowest price level. Furthermore, 1INCH experienced some selling strength during this publication. That came after the alt encountered resistance at the 23.6% FIB retracement area. The FIB retracement retest…
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Tezos (XTZ): What for Investors that Bought the June Bottom?

Tezos (XTZ): What for Investors that Bought the June Bottom?

Tezos (XTZ) holders, specifically those who bought around the June market bottom, are up nearly 60%. Nevertheless, the altcoin just hit its initial massive resistance. That means a significant pullback could emerge this weekend. The altcoin has so far pushed to the $1.94 high this month. That represented a 62% surge from 2022's lowest mark. Its press time price of $1.88 appeared to highlight the massive selling momentum around that value area, catalyzing a brief retracement on the price charts. Meanwhile, the 23.6% FIB level fueled the mentioned selling momentum. What from XTZ Around the Mentioned Level? Prices often move…
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Chainlink (LINK): Investors Might Leverage This Setup’s Break for Profitability

Chainlink (LINK): Investors Might Leverage This Setup’s Break for Profitability

After May's inverse head & shoulder, bears have restricted buying moves around the $9.29 mark for about three months. As the price traversed beneath the 4-month trend-line support (past resistance), sellers kept securing new multi-month lows up to mid-June. However, the previous month confirmed a stable buying comeback as Chainlink kept this trend-line support to retest $9.29. The present pattern might catalyze a near-term drop before buying comebacks. While publishing this blog, LINK changed hands near $9.055. Chainlink Daily Timeframe LINK buyers have remained committed to reclaiming crucial price zones since sweeping 2-year lows on June 13. The previous month…
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Tezos (XTZ) Might Challenge $2.5 Daily Resistance – Price Analysis

Tezos (XTZ) Might Challenge $2.5 Daily Resistance – Price Analysis

Tezos price trends reveal bullish trends. XTZ has resistance at $2.5. The support level stands at $1.81. Tezos price reveals bullishness as the alternative token climes towards $2.09 following a slight consolidation around the $1.80 value area. Bulls stepped up to catalyze upside actions after XTZ broke past an ascending triangle setup. Meanwhile, Tezos dipped into a consolidation period after rising towards $2.49, trading within an ascending triangle setup as bears and bulls battled for market dominance. Bulls saw victory as they drove XTZ to $2.09, eyeing the target at $2.49. Breaking beyond this area would see Tezos exploring $3…
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Cryptos to Watch This Week: BTC, XRP, SOL

Cryptos to Watch This Week: BTC, XRP, SOL

Bitcoin's drop to $25.8K and the Terra ecosystem fallout triggered crashes in the marketplace as most tokens witnessed double-digit losses. Bitcoin price tried to regain levels beyond $30,000. The global crypto market capitalization hovers beneath $1.3 trillion. Some of the cryptos to watch this week are BTC, XRP, and SOL. The broad crypto marketplace witnessed bearish waves over the past week as Bitcoin lost near 30% within ten days to hit $25K, levels last seen in late 2020. The Bitcoin-driven plummets and fallouts in Terra's UST and LUNA saw the cumulative market cap crash to $1.28 trillion at this publication.…
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Top Ethereum Killers to Consider in 2022

Top Ethereum Killers to Consider in 2022

Investors have heavily grilled the Ethereum network over the past couple of years. That is due to congestion, slow speeds, and high gas fees. As this competitive field sees constant innovation, users and developers look for blockchains that meet demand without hassle. This article highlights some leading blockchains that enthusiasts believe will overcome Ethereum's TVL with time. Solana (SOL) Solana tops our list. Backed by billionaire Sam Bankman-Fried, it is a decentralized network created to ensure user-friendly, scalable apps for the market, and Solana gained increased popularity. Solana attracted many developers looking for Ethereum alternatives due to high fees and…
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MATIC, NEAR, Avalanche, Dogecoin Price Analysis – April 7

MATIC, NEAR, Avalanche, Dogecoin Price Analysis – April 7

The crypto market sustained a massive plummet over the past 24 hours as Bitcoin lost about 5%. Alts such as Dogecoin and MATIC hovered around stable support floors before BTC, and the broad crypto market accelerated downward in the latest hours. That had them plummeting further to explore levels that remained substantial on higher time-frames. Can these assets push higher? Polygon (MATIC) The past 24hrs saw Polygon falling into a demand zone on higher time-frames (12hr and daily). Previously, the alt traded inside the $1.56 - $1.74 range but selling momentum appears lucrative for bears to keep the range lows.…
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Cardano Goes Bullish As Addresses with Over 100,000 ADA Touch New Highs

Cardano Goes Bullish As Addresses with Over 100,000 ADA Touch New Highs

Cardano addresses with more than 100,000 tokens have scooped 16.8% of ADA's supply. Cardano's price climbed above $1.23; analysts noted an optimistic chart setup for the token. ADA whale holdings decline regardless of the recovery signs by the "ETH-killer." Cardano's price seems ready for breakouts as crypto analysts note a bullish formation on the altcoin's chart. Cardano sees a massive spike in accumulation by mid-tier holders, with more than 100,000 ADA tokens in their wallets. Cardano Price Ready for Upside Rally Cardano's price kick-started uptrends, breaking above $1.23 as the alternative token saw an increased investor pile. Mid-tier holders with…
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Solana and KRAFTON to Boost Blockchain Gaming

Solana and KRAFTON to Boost Blockchain Gaming

The collaboration is to support blockchain gaming marketing and design. Also, Solana Labs and KRAFTON will collaborate on investment opportunities. KRAFTON will utilize capacity from PUBG: BATTLEGROUNDS to join the NFT and Web3 industry. KRAFTON has partnered with Solana Labs to support blockchain marketing and design. Remember, KRANFTON, Inc. launched the wildly recognized PUBG: BATTLEGROUNDS battle game. Why Solana (SOL/USD)? Solana is among the leading decentralized blockchains designed to ensure user-friendly and scalable applications globally. Moreover, it guarantees scaling without compromising security and composability, supporting developers' long-term activity. Furthermore, Solana ensures reliable performance, processing thousands of 'smart' contracts concurrently via…
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These Are Worst-Performing Cryptos So Far in 2022

These Are Worst-Performing Cryptos So Far in 2022

The cryptocurrency space hasn't had its best year so far. Uncertainty around the Russia-Ukraine conflict plus COVID-19 had most investors escaping risky markets. The crypto spectrum started 2022 in turmoil. Uncertainty around the Russia-Ukraine conflict plus the COVID-19 pandemic pushed away investors interested in long-term crypto investment. Nevertheless, the plunge in crypto prices also presents an opportunity for investors to accumulate at discounted prices. However, let's check the top worst-performing digital tokens so far in 2022. Our analysts used YTD returns stats from Coinmarketcap as of 2022 February end to rank worst-performing assets this year. Moreover, the list included crypto…
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Bitcoin (BTC) Rejected Near $40K: Weekend Price Analysis

Bitcoin (BTC) Rejected Near $40K: Weekend Price Analysis

Bitcoin still failed to reclaim $40K, struggling around the $39K mark. Most alts remain somewhat calm today. Bitcoin tried to challenge $40K after losing $6K within a few days but failed to climb high. That had assets in the altcoin market stalling since yesterday, recording slight movements. However, Monero decoupled from broad market actions, registering a substantial price increase. BTC Struggles beneath $40K Indeed, the leading crypto struggled within the previous several days. The crypto recovered losses amid the Russia-Ukraine conflict recorded new monthly peaks. The upward moves had BTC touching $45K. However, bears emerged and pushed Bitcoin south again.…
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Avalanche (AVAX) Climbs toward $100 amid TVL Rebound

Avalanche (AVAX) Climbs toward $100 amid TVL Rebound

Total value locked supports Avalanche's price movements. Avalanche (AVAX) sees massive upward strength as the coin approaches the psychological zone of $100. The lucrative move comes as the TVL rebounds. For now, AVAX price highlights a bullish outlook, eyeing higher value areas. AVAX TVL Gained Over 35% DeFi Llama data shows Avalanche's total value locked touched $11.12 billion after exploring lows of $8 billion as January ended. Nevertheless, Ethereum continues to be the leader in this sector, with its total value locked hovering at $127.6 billion. Terra takes the second sport (15.1 billion total value locked), while Binance comes after…
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Axie Infinity (AXS) Gains 17% as Bitcoin Steadies above $41K

Axie Infinity (AXS) Gains 17% as Bitcoin Steadies above $41K

Most assets in the cryptocurrency market calmed following a positive and volatile Saturday. Bitcoin stands beyond $41,000. Bitcoin kept its momentum to stay beyond the $41,000 level. The impressive leg up came after Bitcoin struggled beneath $40K for several weeks. Meanwhile, altcoins appear to stall following yesterday's significant gains. Axie Infinity (AXS) is one of the exceptions, with its double-digit upward move. Bitcoin Maintains beyond $41,000 As highlighted earlier, the world's largest crypto struggled around the $37K level and plunged beneath the mark on a few occasions. However, bulls tried to push BTC northward, taking it to value levels of…
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Terra, SAND, Dogecoin Price Analysis – February 1

Terra, SAND, Dogecoin Price Analysis – February 1

Dogecoin bulls endeavored to climb beyond EMA ribbons following a brief consolidation period. That comes after the crypto marketplace joined the green territory within the past day. Also, Terra's 4hr RSI secured a close beyond the half-line. SAND created a reversal formation following staggering gains last week. A close below 54 (RSI) might attract a possible breakdown. Terra (LUNA) The resistance at $$86.49 remained stable as LUNA witnessed an upward channel breakdown. That led to a 50.1% drop since January 17 towards 2-month lows on January 31 after the alt lost the golden FIB level. Meanwhile, the previous 24 hours…
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Ethereum, Aave, Dogecoin Price Analysis – January 26

Ethereum, Aave, Dogecoin Price Analysis – January 26

The cryptocurrency market jumped into the green zone within the past 24hrs as BTC Fear & Index experienced an 11-point uptick. Ethereum crossed the 20-Simple Moving Average barrier following an almost 4% surge within the past day. Elon's tweet saw Dogecoin climbing to reclaim $0.145. Moreover, AAVE's four-hour Relative Strength Index witnessed a patterned breakout but failed to cross the midline. Nevertheless, bulls should collect adequate volumes for a sustained rally. Ethereum (ETH) As fear dominated the crypto industry, sellers magnified their influence, causing a massive decline on January 21. That way, Ethereum swiftly violated the $3,000 barrier, authorizing the…
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