SushiSwap’s native token SUSHI is surging higher after a correction in the price of Ethereum, which reflected poorly on DeFi. SUSHI is currently up by 20% in the past 24 hours alone, making it the best-performing Ethereum-based large-cap digital asset. It is also the best-performing cryptocurrency in the top 100 by market capitalization. SUSHI is…
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XRP has been flashing some signs of weakness throughout the past few days and weeks, with the selling pressure seen around the mid-$0.60 region proving to be too significant for the cryptocurrency to surmount. Where it trends in the mid-term will depend largely on whether or not this level continues holding strong as resistance. If…
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In a symbolic move that highlighted the progress cryptoassets have made in recent years, PayPal announced last week that it would make cryptoassets such as Bitcoin and Ethereum available to its 346 million users. This is an important step for the space, and will both increase awareness and further, it’s legitimacy. However for those in…
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While Bitcoin has been the center of attention for the past two weeks, Ethereum has started to garner traction again. CNN recently covered altcoins in an article published in its Business column, highlighting trends in non-BTC cryptocurrencies. This cements the fact that altcoins are once again starting to enter the minds of investors following the…
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Even those who have been around the cryptocurrency space for some time are still in disbelief over how fast Bitcoin rose from $3,000 to setting a new all-time high in the same year. But despite what the world sees as the biggest wave in FOMO in crypto yet, it isn’t reflected in the volume on…
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Top decentralized finance (DeFi) coins have undergone a severe correction over the past day. Leading names such as MakerDAO’s Maker (MKR), Aave’s AAVE, Yearn.finance’s YFI, amongst others, are down 10 percent in the past day. Bitcoin, by comparison, is only down by approximately 2% in the past day, having fallen from the low-$19,000s to $18,800…
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Bitcoin is clearly at a pivotal point in its current market cycle. But market cycles aren’t always obvious as to what might occur, even if the when happens to become more clear with time. In the leading cryptocurrency by market cap, Decembers are particularly notable, culminating in most of the asset’s tops and bottoms. With…
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Litecoin is the epitome of what investors describe as a “legacy altcoin” with little utility in the present crypto ecosystem, but still often sees large rises in value due to new entrants to the market buying it due to its established history within the crypto ecosystem. Additionally, the addition of Litecoin to platforms like PayPal…
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Traders who have held Bitcoin for more than 155 days are selling their stash as its price eyes $20,000, a Glassnode study revealed. ASOL (Please Don’t Read it Loud) The on-chain analysis platform cited Average Spent Output Lifespan (ASOL), a barometer to gauge the average age of coins that have been transacted. The metric’s higher…
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Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of regulatory clarity from the U.S. Securities and Exchange Commission (SEC). Previously, both Garlinghouse, and Ripple CTO Chris Larsen, had expressed a desire to leave the U.S. due to what they perceive as stifling conditions. More recently, in a CNN interview, Garlinghouse said little has…
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