Bitcoin dipped on Monday after hitting a new record high in the previous session, pointing to a spike in profit-taking sentiment among daytraders. The analogy was visible in the statistics shared by an independent analyst on Twitter. The pseudonymous entity noted an 11.5 percent a 12 percent decline in the number of newly-created and active…
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An early session slipover in the SushiSwap’s SUSHI market turned into a buying opportunity for traders that were seeking safety against a dwindling cryptocurrency market this Monday. The SUSHI/USD exchange rate climbed by more than 24 percent from its intraday low of $12.80. Traders spotted upside opportunities in the pair as its relative strength indicator…
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Imagine a huge company creating a public blockchain project, for a real-world use case, which is guaranteed to get a strong userbase from day-one with a lot of room for others to adopt and join the crowd. Now, if this project is created in a place where crypto adoption is on the verge of hitting…
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The popular emerging DeFi token, YFBTC has recently announced the launch of its yield farming program enabling Bitcoin hodlers to farm additional returns. The program also allows users holding wBTC & renBTC providing LP on UniSwap to gain additional farming yields through YFBTC.net. YFBTC is an alternative DeFi token to BTC, which is designed to…
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Cardano’s price traded to a new multi-month high at $0.9860 before correcting lower. ADA declined over 20%, but it is likely to remain well bid near the $0.7000 level. ADA started a strong surge and climbed above $0.9000 before correcting lower against the US dollar. The price is still trading well above $0.7000 and the…
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Ethereum started a sharp decline after it failed to surpass the $1,850 resistance against the US Dollar. ETH price tested $1,660 and it is currently facing hurdles near $1,760. Ethereum started a strong downside correction from the $1,850 and $1,860 resistance levels. The price is now trading well below $1,800 and the 100 hourly simple…
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Bitcoin price extended its upward move towards $49,700 before correcting lower against the US Dollar. BTC dipped more than $2,000, but it is likely to remain stable above $45,000. Bitcoin started a sharp downside correction after setting a new all-time high near $49,700. The price is trading above the $46,000 support, but it is below…
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Blockchain-based games promise many benefits that aren’t available in traditional video games, providing tangible monetary value to gamers and allowing them to earn playing titles they enjoy. Alien Worlds has established itself as one of the preeminent blockchain games on the market, offering its users the ability to access “DAOs in Space” and compete with…
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Bitcoin just rocketed to a new all-time high at $49,400 despite consolidation in the price of Ethereum. The leading cryptocurrency set this new high after spending most of the past week in the $47,000 range. Bitcoin is moving higher on continued institutional support of the coin. Tesla revealed last Monday that it holds a significant…
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Decentralized Finance (DeFi), a product of cryptocurrency’s evolution since the introduction of Bitcoin more than a decade ago is now in a position to mirror the traditional financial products and services. Many entrepreneurs have identified the huge untapped potential of DeFi to create products and services that are breaking new grounds in recent times. One…
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