Ethereum is the primary cryptocurrency benefiting from the DeFi trend. And while a rising tide lifts all boats, the demand for the top-ranked altcoin is second-to-none. And while Ethereum is dominating the crypto market right now, its DeFi that is dominating the headlines in the media, not the altcoin that makes it all possible. DeFi…
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Yearn.Finance (YFI) had such an abrupt rise to fame, now that momentum has changed, the plunge could be equally as dramatic. Thus far, any attempt to hold above support has been weak, says one crypto analyst. They also claim that YFI is currently on “life alert” and in danger of a much more drastic fall…
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Chainlink saw a bout of capitulation yesterday that came about after a multi-week downtrend. This came in the form of a sharp decline that sent its price reeling from highs of $20.00 to lows of nearly $7.00 before it found some strong support. The cryptocurrency’s lackluster price action has struck a serious blow to its…
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The latest rebound in the UNI market has raised its expectations of extending its bullish move by at least 34 percent. So says a pseudonymous analyst whose recent predictions for the newly-launched decentralized finance (DeFi) token have come accurate. The chartist in his Thursday tweet adjusted UNI/USD’s upside target to $6.43. The pair was trading…
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MicroStrategy CEO Michael Saylor has directly addressed concerns that he will dump Bitcoin at the first opportunity. In a tweet sent yesterday, Saylor sought to reassure the Bitcoin community by saying he is in it for the long term. There is no truth to the stories currently circulating that speculate “he would not hesitate to…
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Ripple is down 5% and it broke the key $0.2300 support zone against the US Dollar. XRP price tested the next major support at $0.2200 and it is currently struggling to recover higher. Ripple remained in a bearish zone and broke the key $0.2300 support against the US dollar. The price is testing the $0.2200…
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Yearn.finance (YFI) has been one of crypto’s biggest success stories of recent months. Since launching in June for free, the cryptocurrency has rocketed as high as $44,000, becoming one of the fastest cryptocurrencies to reach $1 billion in market capitalization of all time. YFI has undergone a strong decline over recent weeks in tandem with…
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Bitcoin price failed to correct higher and declined further below $10,200 against the US Dollar. BTC remains at a risk of more downsides below the $10,000 support. Bitcoin broke the $10,250 and $10,200 support levels to move further into a bearish zone. The price is now trading below $10,300 and the 100 hourly simple moving…
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Ethereum is down 5% and it broke $330 and $320 support levels against the US Dollar. ETH price remains at a risk of more losses below $300 as long as it is below $340. Ethereum extended its decline below the $330 and $320 support levels. The price traded as low as $313 and it settled…
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Uniswap’s token (UNI) has been bearing witness to immense volatility throughout the past few days, with its post-launch price action being surprisingly strong – considering that all users of the platform were airdropped a sizeable quantity of tokens. After rallying to highs of $8.50 in the days following its launch, the token has since witnessed…
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