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,…
VeChain made investors happy lately, with the alternative token gaining approximately 8% within the previous week. While publishing this content, VET changed hands at $0.02396. The altcoin’s market cap stood at $1,737,838,130. Though the ongoing bullish market contributed to the increase, VeChain’s ecosystem could have contributed to VET’s upsurge. For example, market players minted the…
As the cryptocurrency space shook off weekly gains, Sandbox defied the broad trend, surging 14.14% to touch a monthly peak. Nevertheless, the metaverse coin mimicked the market bias earlier, recording greens over the past seven days. Nevertheless, the previous 24 hours were better than SAND’s upside within the past week. As Sandbox didn’t show slowed…
BTC secured a massive closing beyond the short-term EMAs, printing a bullish bias. BTC’s exchange inflows highlighted downtrends. Bitcoin’s latest rally placed the leading cryptocurrency beyond its 20 Exponential Moving Average and the 50-EMA. That saw the BTC confirming a short-term buying superiority. Remember, the asset has recorded consistent gains since it flipped the longer-term…
Yuga Labs’ top-performing NFTS MAYC and BAYC endured challenges within the last few months amidst escalated bearish conditions in the financial space. Nevertheless, ETH price growth within the previous week saw MAYC and BAYC presenting northbound moves. DappRadar data shows MAYC and BAYC magnified their trading volume as ETH recorded price upticks. Besides the trading…
Polkadot released its latest weekly digest, highlighting all significant developments that the ecosystem experienced within the previous week. The updates appeared attractive as they increased the network’s capabilities while ensuring more value to users. For example, it mentioned the latest Darwinia and Moonbeam integrations. The new update will enable RING cross-chain coin transactions & connected…
Shiba Inu saw its burn rate spiking significantly within the past day, gaining a staggering 1858%, contrary to recent trends. Shibburn data shows the upsurge pushed the total token destroyed in that timeframe to 45,165,582 $SHIB. That had the overall Shiba Inu burned since the first supply at 410.38 trillion. Not the Usual SHIB In…
Technical indicators flashed volatility around two-year lows. Can BTC crash the support at $19K in the upcoming weeks to have bulls reeling? USDT Dominance measures the crypto market capitalization in Tether. Meanwhile, the metric has soared since mid-August. That signals that market players preferred holding stablecoins over cryptos. Recent weeks saw Bitcoin maintaining the support…
