With yield farming becoming one of the most popular ways to earn sometimes frankly staggering returns on investment, 2020 saw platforms such as Compound take the spotlight as leaders of the DeFi farming movement. The TVL (total value locked) in DeFi currently sits at over $26 billion, and with innovative new platforms making strides into…
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Ethereum broke the $1,450 resistance and surged above $1,500 against the US Dollar. ETH price traded to a new all-time high at $1,550 and it is likely to continue higher. Ethereum is up over 10% and it broke many hurdles near $1,450 and $1,500. The price is now trading nicely above $1,500 and the 100…
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Bitcoin price started a steady increase above $35,000 against the US Dollar. BTC is showing positive signs and it could continue to rise towards the $38,000 barrier. Bitcoin started a decent increase above the key $35,000 resistance zone. The price is now trading above $35,500 and the 100 hourly simple moving average. There was a…
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Thus far, Litecoin has been among the weakest performers in the cryptocurrency top ten by market cap during this recent altcoin season, but that is all about to change. Here’s why Litecoin is ready to shine once again and could soon become the stand-out industry leader. Why Has Litecoin Lagged Behind The Rest Of The…
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Last week, Dogecoin exploded with an 800% intraday move. On-chain data looking closely at daily active addresses, however, suggests that the pump and dump was almost entirely driven by Robinhood buyers. Here’s what this means for both sides of the coin. Dogecoin Reignites Retail Interest in Crypto After 800% Rally Dogecoin’s recent rally lived up…
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Ethereum has seen some strong momentum throughout the past few days, with buyers taking control as its price now hovers firmly above $1,400 The selling pressure in this price region has been dissipating with each visit, signaling that bulls could be on the cusp of sparking a breakout rally Where the market trends in the…
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Decentralized Exchanges have had an interesting and brief history. EtherDelta, Uniswap, 1inch, SushiSwap and now Zero Exchange. And this DeFi wave keeps growing, EtherDelta at its peak had 241 different tokens being traded, Uniswap has a $5B market cap, and after 4 weeks since announcing, Zero Exchange has already attracted over $60M in volume and…
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Ethereum rose on Tuesday, partially because of its positive correlation with Bitcoin, the top cryptocurrency that also notched gains, and partially because the Chicago Mercantile Exchange will offer Ethereum Futures effectively from February 8, 2021. Trades flocked into the second-largest cryptocurrency during the early European session, pushing its prices against the US dollar up by…
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Bitcoin prices climbed for the second day on Tuesday, spurred by increased optimism over the second stimulus package in the United States and a firmer US dollar. Positive risk-on momentum throughout the Asian and the early European session briefly pushed the flagship cryptocurrency to a new week-to-date high of $35,469. It later corrected lower by…
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Bitcoin appeared to hitch a ride on Elon Musk’s rocket on Friday. The cryptoasset soared by 20% to hit $38K as the world’s richest man added #bitcoin to his Twitter Bio, and a record number of options contracts expired. However, despite the spike, soon enough the world’s largest crypto was drifting back to earth. This…
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