All crypto traders are intimately familiar with the risks and the volatility associated with these assets. To protect themselves from drastic price swings, they often seek refuge through stablecoins such as USDT. For periods in between trades, when funds sit unused, Phemex will soon offer a way for these cryptos to passively generate some income…
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SushiSwap (SUSHI) has dropped 14% in the past 24 hours as Ethereum has slipped lower. The leading decentralized finance-focused cryptocurrency is the worst-performer in the top 100 cryptocurrencies by market capitalization. Despite the strong drop in the SUSHI price, the coin remains up over 25% in the past seven days. This 25% performance makes it…
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Meanwhile, the altcoin rankings have been rearranged. As Ethereum has rocketed past $1K, Litecoin has flippened XRP to become the fourth biggest crypto by market cap. This follows yet more downside for XRP, which has dropped 4% this week as platforms including eToro’s US operation have delisted the coin in light of the SEC’s lawsuit.…
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As interoperability continues to prove a pain point for AMMs, Tenet connects popular DeFi protocols via the native $TEN token. 2020 saw decentralised finance protocols unlock a suite of new and exciting passive income opportunities. Decentralised AMM (automatic market maker) exchanges such as Uniswap, Balancer and Curve have become hugely popular platforms, with liquidity mining…
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Stellar (XLM) started a strong increase above the $0.1350 resistance against the US Dollar. XLM price is trading nicely above $0.1500 and it could continue to rise towards $0.1800 or $0.2000. There was a steady increase in stellar’s token price above $0.1350 against the US dollar. The traded close to the $0.1680 resistance and settle…
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In traditional markets, the S&P 500 remained steady throughout the week, finishing on 3,722. In Europe, the STOXX 600 rose marginally, finishing the week on 395. And here in the UK, it was a different story, with ongoing Brexit negotiations and the uncertainty surrounding No Deal sending jitters through the FTSE All Share; it finished…
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Ethereum corrected lower sharply from a new all-time high at $1,166 against the US Dollar. ETH price remained well bid near $900 and it is currently showing signs of a fresh increase. Ethereum rallied significantly and traded to a new all-time high at $1,160 before correcting lower. The price is now consolidating above $900 and…
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Bitcoin price declined sharply towards the $28,000 zone against the US Dollar. BTC is currently rising, but it might face a strong resistance near $33,200 and $33,500. Bitcoin almost 20% towards the $28,000 level before starting a fresh increase. The price is now back above $31,000 and trading nicely above the 100 hourly simple moving…
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Bitcoin price is still trading well above $30,000 after a nearly $5,000 retreat from highs set at the turn of the new year. But during the first decent-sized correction in the cryptocurrency since $20,000 was broken, one “parabolic” indicator could be suggesting that the daily uptrend has been lost. Here’s a closer look at the…
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In just 48 hours, Ethereum rocketed over 50% from $770 to roughly $1140 at last night’s overnight high. The massive Sunday candle was the lead up to a sell signal forming on daily timeframes. Was this latest push higher the last impulse in Ethereum’s bull trend? Or like Bitcoin, will this sell signal fail, and…
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