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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Chainlink has undergone a strong rejection over the past few days, following in the footsteps of other cryptocurrencies. The coin trades down 13% in the past 24 hours, slipping below $9 for the first time in many weeks. Since the all-time highs set just weeks ago, LINK is down by over 50%, which is worse…
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Bitcoin price failed to stay above the $10,750 support and declined sharply against the US Dollar. BTC is holding the $10,200 support, but there is a risk of more downsides. Bitcoin is down 5% and it broke the $10,750 and $10,550 support levels. The price is holding the $10,300 region, but it is well below…
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Ethereum is down over 8% and it broke many key supports near $355 against the US Dollar. ETH price is currently consolidating losses and it is likely to face hurdles near $355 or $362. Ethereum started a sharp decline from the $375 resistance and broke the $355 support. The price is finding bids above $330,…
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Continuous innovations have pushed the industry to a new frontier The cryptocurrency space has come a long way since the first bitcoin was mined. The mass adoption of digital assets is still a way off, but there are plenty of signs of encouragement. Simple changes on the part of industry players such as increased collaboration…
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