Uniswap’s newly released governance token – called UNI – has seen some immense volatility in the time following its launch. After rallying from lows of $1.00 to highs of $8.50, the cryptocurrency’s price has been descending rapidly. It appears that those who received 400+ tokens as a result of the recent airdrop are beginning to…
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With Bitcoin holding strong above $10,000, the halving in the past, and months of positive price action, it is hard to not be bullish on the first-ever cryptocurrency. However, a momentum measuring tool has flipped bearish for the first time since April 2020 on weekly timeframes, potentially pointing to $10,000 failing to hold and a…
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Bitcoin has been forming a strong correlation to the stock market once again, with this typically occurring during times of global uncertainty. At the moment, traditional investors are consumed with fears regarding the lack of a second domestic stimulus package within the U.S., as well as the lack of progress in reeling in the pandemic.…
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It’s been a tough past few days for the crypto market, especially for Ethereum-based coins. From their recent highs, most decentralized finance coins based on Ethereum have crashed by 30-50%, plunging as capital has rushed to the sidelines. The best example of the correction is Yearn.finance (YFI), a cryptocurrency that is core to the DeFi…
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UNI logged a rollercoaster opening session last week after rising by almost 2800 percent in just less than 24 hours. The token reached a record level of $8.59 following its free distribution among the users of UniSwap, a top decentralized cryptocurrency exchange by volume. It supplied about 150 million UNI tokens to its liquidity providers,…
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They say the bigger they come, the harder they fall, and DeFi sure fell hard during this market dip. With that, NFTs have suddenly become the next big thing. NFTs are unique tokens that are not interchangeable as a result of their distinctive characteristics. As “one-offs,” the idea of investing in NFTs is gaining ground.…
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RioDeFi has revealed that a dozen VCs participated in its private sale, adding further credibility to a project that’s days away from its public sale. Around $5M of the $13.5M raised in RioDeFi’s private sale came from VCs eager to obtain a stake in the Polkadot ecosystem that Rio will sit astride. RioDeFi is building…
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YFI has been among the worst-hit tokens in an ongoing meltdown that has wiped $65 billion from the cryptocurrency market. As of 1223 GMT Tuesday, YFI/USD was trading about 47 percent lower from its all-time high at $44,003. The pair’s downside correction followed a major rally that brought it up by more than 2,500 percent…
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Bitcoin price just plunged once again from over $11,000 and is currently holding around $10,500. The support level could just be a quick pitstop before the selloff continues, according to the recent price action resembling the “market maker profile sell model.” If the cryptocurrency continues to follow the projected path this particular model predicts, Bitcoin…
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It has been a rough past few days for Bitcoin and the aggregated cryptocurrency market, with sellers gaining full control after BTC following the benchmark digital asset’s inability to stabilize above $11,000. This selling pressure has struck a potentially lethal blow to BTC’s macro market structure, as the cryptocurrency now appears to be positioned to…
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