Bitcoin is printing a bearish pennant setup. BTC’s derivatives market’s open interest slumped significantly last week. Bitcoin welcomed this week with selling momentum following its failure to sustain gains realized last week. A new analysis from CyptoQuant shows the leading cryptocurrency can dip further this week. Ghoddusifar, a pseudonym CryptoQuant analyst, stated that BTC is…
Solana struggled to reclaim its crucial demand territory of $20, with its price hovering at $13.5. Solana remains weak amid the bears’ regime, and breaking past $20 may not be soon. SOL trades beneath the 50 and 200 EMAs (Exponential Moving Averages) amid extended weakness. Solana’s price remains beneath the $20 value area following rejections…
Metaplex’s Chief Executive Offices and Co-founder Stephen Hess declared moves to lay off multiple individuals following the FTX collapse. Metaplex is a Solana non-fungible token (NFT) protocol. The CEO added that the platform has to let employees go, though the FTX debacle didn’t directly affect its treasury. However, it’s noteworthy that the protocol hasn’t specified…
Leading ETH whales accumulate in a way that might see the alt’s price correcting. The presumption remained valid as the DAA divergence shows Ethereum was far from undervalued conditions. The latest market turbulence saw cryptocurrency prices recording downturns, and Ethereum wasn’t an exemption. Nevertheless, market participants that could have anticipated some relief might have endured…
Big Eyes dominated the crypto space as a cat-inspired coin. Flasko allows individuals to invest in high-end alcohol through NFTs. Orbeon Protocols offers a new way to invest in startups. Big Eyes – a Cat-Inspired Token Big Eyes is a new cat-inspired meme coin in the crypto space. Though not the first meme coin in…
The NFT market has seen faded interest since the news about FTX’s potential collapse emerged. NFTs have seen market caps, transaction counts, and sales volume declines within the past four days. The NFT market suffered as the broad market endured the effects of FTX’s potential collapse. The non-fungible token market has seen declines in sales…
AXS hit its ATH at $166.09 on 6 November last year. Its price hovers below $10 at the moment. Axie Infinity is yet to recover from the March 2022 Ronin bridge hack. Axie Infinity is an ERC20 utility coin that also serves as a governance coin. Meanwhile, the alternative token has dropped beneath the $9.50…
Multiple metrics, including exchange reserves and MVRV Ratio, suggested more price dips. Market indicators aren’t favoring the alt, worrying SUSHI investors. SushiSwap hit the news again, joining the lust of Polygon’s top projects as far as Altranking is concerned. Market players might consider that as a massive bullish signal. Besides Polygon, SushiSwap topped the most…
MakerDAO recorded a substantial improvement in performance within the last 30 days. Messari data showed that the borrow, withdrawal, and deposit volume noted significant growth over the previous month. The deposit volume recorded a 15.35% surge. Moreover, the net borrows and withdrawal volume increased by 1.70% and 40.36%, respectively. This activity uptick attracted whale attention….
Aave is among the top lending protocols within the cryptocurrency space. The project has concluded voting that would see it launched on zkSynch. Remember, zkSynch is a zero-knowledge platform testnet. Moreover, voters approved the deployment by a robust margin, targeting less expensive and quicker transactions. Nevertheless, the latest reports showed the community was ready for…
Coinbase has a long way to go before it becomes the number one staking provider. When reporting its quarterly earnings in August, the firm revealed to shareholders its plans to prioritize the development of its staking products, which align with its long-term goal of becoming the top provider. When Coinbase user stakes their crypto, they…
Deribit is a crypto exchange based in the Netherlands. On November 1, the trading platform tweeted about losing $28 million following a hack. However, the company confirmed that the attack didn’t affect its customer assets. Moreover, it has suspended withdrawals until safety guarantees a re-open. Deribit stated that the hack remained isolated to Bitcoin, USDC,…
