If you thought the DeFi phenomenon was big, bigger and better is yet to come. Well, that’s according to former AngelList CEO, Naval Ravikant, who said Wall Street money will fuel the next big wave. The next big wave in DeFi starts when Wall Street figures out that crypto has built a better casino. —…
Details
Ethereum is facing risks of undergoing a massive plunge as it partially confirms a bearish flag pattern. The technical setup appears after an asset forms a consolidation channel upward following a strong bearish move. The downward movement is called flagpole, while the consolidation is referred to as the “flag” itself. Ethereum is forming the same…
Details
Yearn Finance’s governance token, YFI, closed above $40,000 during the early trading session on Monday. The YFI/USD exchange rate established an intraday high at circa $42,425 following a 13.74 percent rally. The strong upside move appeared despite a lackluster bullish trend elsewhere, with top cryptocurrencies Bitcoin and Ethereum trading under the weight of sellers. YFI…
Details
Decentralized finance has become the most popular facet of the crypto industry over recent months. The value of cryptocurrency locked in Ethereum-based DeFi contracts has surged over 1,000% since the start of 2020; simultaneously, the value of coins pertaining to this space have rallied exponentially. Walletreum, a cryptocurrency management tool, intends to capture the DeFi…
Details
Bitcoin is pressing higher after a $300-400 correction on Sunday morning. The leading cryptocurrency currently trades at $10,400 as of this article’s writing, around $200 from the lows. This comes after the leading cryptocurrency printed a pivotal weekly candle close above $10,000. $10,000 has long acted as an important horizontal level for Bitcoin, having marked…
Details
Bitcoin has faced a strong correction over the past few weeks as legacy markets have collapsed from local highs. The leading cryptocurrency currently trades at $10,250, over $2,000 below the year-to-date high at $12,500. Bitcoin’s on-chain trends remain bullish despite the strong correction. Along with a persistent high count of transactions, it was recently reported…
Details
Bitcoin price broke the $10,500 resistance, but it struggled to settle above it against the US Dollar. BTC is currently holding the $10,200 support, below which the bears could gain strength. Bitcoin is currently facing hurdles near the $10,400 and $10,500 resistance levels. It is trading near the 100 hourly simple moving average and well…
Details
Ethereum failed to continue high above $390 against the US Dollar. ETH price is currently trading above a crucial support at $350, below which it could turn negative. Ethereum declined below the $375 support after it failed near the $390 level. The price is now trading below the 100 hourly simple moving average, but it…
Details
Ripple retested the $0.2380 support zone against the US Dollar. XRP price is likely to start a fresh rally once it clears the 100 hourly SMA and the $0.2460 resistance region. Ripple is recovering higher after tagging the key $0.2380 support zone against the US dollar. The price is trading near the $0.2420 resistance and…
Details
Binance Coin has been caught within the throes of a parabolic uptrend in recent weeks, with the price of BNB rocketing higher amidst a mixture of increased demand for the Binance exchange coupled with demand for Binance Chain. This intense momentum has allowed the crypto token to form an incredibly strong weekly candle that will…
Details
