Dogecoin saw a sudden surge within the last few days. Though the market structure remained bullish during this writing, investors should watch for this support break to highlight a bearish resurgence. Dogecoin has hovered inside the $0.67 – $0.057 range since December 2021. Meanwhile, Bitcoin has defended the support level at $19K over the last…
MANA’s critical resistance zones at $0.72 & $0.82. A bearish block restricted bullish efforts amid the latest bounce. Decentraland (MANA) boasted a $1.12 billion market capitalization during this publication, though this number might drop in the upcoming weeks. The Metaverse token has sustained massive bearishness since August. Meanwhile, MANA’s failure to sustain the $0.75 mark…
Coinbase will offer custody of MakerDAO’s USDC treasury worth about $1.59 billion. The deal allows the DAO to earn nearly 1.4% rewards on the funds. Coinbase submitted the proposal on 6th September and got approved by 70% of votes on Monday 25th October. USDC represents one-third of the treasury and allows users to deposit collateral…
Two days after Aptos listing on leading exchanges saw more than $4 million bridged from Ethereum to Aptos. A blockchain analytic site Nansen confirmed this narrative via an October 21 Twitter post. Meanwhile, Aptos introduced the Layer0 network to its blockchain amidst efforts to ensure the accessibility of scalable Dapps (decentralized applications). The LayerZero protocol…
The latest Santiment data indicated that Polkadot ranked above ETH and SOL as the platform with the most development activity within the last seven days. While Solana and Ethereum’s development activity totaled 67.21 and 78.79, respectively, over the previous week, Polkadot had the same metric at 3124.14 in that timeframe. Moreover, Polkadot had 1,400 monthly…
Shiba Inu’s (SHIB) burning party witnessed new developments amid continued fire despite some glitches. Nevertheless, the party presented some notable features for the community. Fire Dominates The SHIB games portal welcomed a burning mechanism via Amazon’s affiliate link. August stats reveal that the SHIB SuperStore attained a 3-month milestone, exceeding $2K in burnt coins. Nevertheless,…
Chainlink investors and holders might have something to celebrate. The latest Economics 2.0 could be the savior of the struggling and ailing LINK. The new launch will allow Chainlink to increase its revenue capture and fees & increased the network’s security through staking. Nevertheless, whether the launch can enhance LINK’s plummeting market capitalization is unclear….
Reports from the Labor Department indicated that the United States consumer prices slowed in September compared to the previous month. Moreover, inflation emerged faster than what experts had forecasted. Meanwhile, the crypto market noted upsides. Cryptocurrencies revived on Friday following inflation numbers, though still within the range before the data. Nevertheless, the crypto market recuperated…
Litecoin miners stayed profitable even as LTC recorded price dips within the past 30 days. Moreover, the altcoin might have growth potential despite the plummeting market capitalization and volume. How? You may ask. Here are the details. LTC Outlook A crypto mining analysis platform CryptoCompare revealed that mining LTC had a 34% profit ratio/day as…
CHZ flips its market outlook to bearish. Will bears eventually push Chiliz to $0.18? Chiliz, the digital coin for sports tokenization, has witnessed doubt creeping within the last few weeks. The massive performance during August’s initial sessions and mid-September seemed to have faded. Also, Bitcoin presented some weakness, barely holding the $19K value area. Volatility…
Bitcoin rose beyond $20K again, but the altcoin suffers from a considerable absence of enthusiasm. That’s because BTC has hovered within the $17K – $22K range over the past few weeks. Meanwhile, Bitcoin whales contributed to maintaining the range as they purchased around the range bottom & selling around the range top. Nevertheless, some latest…
Litecoin has been improving its prevailing technology for a while. In that context, the blockchain has disclosed an MWEB feature, a functionality to allow participants to complete confidential transactions. Never Taking Privacy Lite-ly The October 3 update announcement revealed that the introduced technology would help Litecoin users undertake discrete transactions and enhance Litecoin’s scalability. Furthermore,…
Amid the current crypto bear market, overall NFT sales volume remained flat in September, but individual NFT sales are keeping pace. For instance, Solana NFTs are gaining momentum while high-value NFTs on Ethereum are still selling. In September, the NFT market recorded sales worth over $947 million, according to DappRadar. That compares to $925 million…
MakerDAO has unveiled another proposal to ensure progress in debt ceilings and fees. Nevertheless, the new developments could not have triggered interest from retailers as MKR experienced price declines within the last few days. Also, whales have shown interest in the alternative token. MakerDAO Makes Modifications A recent tweet highlighted MakerDAO’s new proposal that showed…
Cardano flipped support at $0.438 to the nearest resistance on its 4Hr chart. ADA had its Binance funding rate turning positive. Cardano resorted to southbound movements within the past three weeks after ADA plateaued at the hurdle at $0.51 in September. As a result, the downturn comprised a trend-line resistance that persistently catalyzed selling rallies….
UNI presented a lucrative performance over the previous week, outperforming several ‘usual’ gainers with a more than 10% uptick. Meanwhile, such developments brought some hope to optimistic market players. While publishing this blog, UNI changed hands near $6.33, with its market capitalization above $4.8 billion. Uniswap’s recent actions emerged from the platform developments that welcomed…
Binance Coin (BNB) has displayed disappointing antics since early September, worrying market players. Nevertheless, a report showed the exchange crypto attained some lucrative performance in some crucial areas. BNBburn revealed that the coins burned in Q3 exceeded the Q2 record. While publishing this post, Binance Coins burned in the 3rd quarter were 2,040,503.56 $BNB, compared…
The borrowing against valuable NFTs as collateral has seen steady growth this year. The recent development involves Fragment, a Mutant Ape Yacht Club NFT holder who borrowed about 1,000 ETH valued at over $1.3M using a pair of the said NFTs as collateral. Gabe Frank, CEO of Arcade, the lending DeFi that facilitated the loan,…
The crypto analytics firm Glassnode revealed that Bitcoin’s CCD (Coin Days Destroyed) hit all-time lows on September 26. That showed long-term held their supply despite BTC bearish movement. That shows Bitcoin long-term HODLers have renewed hope in the leading crypto. Moreover, that indicates bullish expectations in the upcoming times. Tokens over three months old contributed…
Avalanche developers launched the AvalancheGo@v1.8.6 upgrade recently. This version is v1.8.0-backward compatible, which developers recommend despite being optional. Besides the new update, the Avalanche community has seen multiple positive developments recently. That has seen the blockchain increase its value. Also, AVAX’s price reacted to these developments, recording a 2% uptick within the past 24 hours….
