The recent growth witnessed by Justin Sun’s project has surprised a lot of investors. This led to a significant rise in support for the network. Not too long after launching its own stablecoin, Tron [TRX] observed a sharp hike in its demand, followed by an equally spectacular hike in price as well. Tron finds its
Blockchain
Yuga Labs is the limelight again. However, this time around the NFT giant announced that it has filed a lawsuit against old critic Ryder Ripps in a 43-page testimony in California. The founder of the famous Bored Ape Yacht Club [BAYC] claim that Ripps has been “scamming” buyers with falsely equivalent NFTs attempting to harm
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin has faced some resistance in the $21.6k-$21.8k area in the past week and was trading just beneath this resistance at the time of writing. Even though Bitcoin struggled to break the
Chatter around Ripple has increased this week amid important news development regarding the company. The SEC draws closer to a statement regarding the long-standing lawsuit against Ripple, as well as the company’s latest announcements regarding its plans in Canada. XRP has unsurprisingly experienced significant upside in the last two days. Eleanor Terrett, a renowned Fox
The decentralized Ethereum scaling platform ticked off its first sustainability milestone by achieving carbon neutrality this week. By investing $400,000 in carbon credits, Polygon is now one step closer to becoming carbon negative. With credits equivalent to 104.794 tons of greenhouse gases, the network has successfully settled its CO2 debt since inception. Triggered by this
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Stellar [XLM], at press time, was consolidated while witnessing a fierce clash between the buyers and sellers near the Point of Control (POC, red). The recent drawdowns entailed a bearish pennant on XLM’s daily
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. While the crypto fear and greed index was hitting its record low, the market still exhibited an ‘extreme fear’ sentiment. After a substantial retracement toward the $0.04-level, Ton [TRX] saw a decent recovery over
Traders and investors holding on to Polygon [MATIC] may have spotted a 10% uptick in price over the last 24 hours. In doing so, they may have assumed that a bullish run was underway. Unfortunately, they would be wrong. With an index price of $0.3637, the crypto has dropped back to its April 2021 levels.
Polkadot [DOT] just concluded one of the crypto-market’s most volatile weeks with a retest of support near the $7-price level. This strong support has so far prevented DOT from seeking as much downside as most top cryptocurrencies. DOT is among the top cryptocurrencies with the lowest weekly loss. It was trading at $7.18, at press
Disclaimer: The findings of the following analysis are the sole opinions of the writer and shouldn’t be considered investment advice Polkadot [DOT] has steadily descended over the last few months. During this phase, the six-week trendline resistance (white, dashed) has curbed recent bullish revival attempts. The buyers defended the $6.5-support for over 17 months while the
The latest victim of the crypto crash looks set to be Abracadabra’s a U.S. dollar-pegged stablecoin Magic Internet Money (MIM). The talks of the de-pegging started to spread on 17 June. However, the Abracadabra founder still remains stern about the situation being in control. A line of setbacks MIM is the latest stablecoin to lose
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance is a metric that measures the market cap of the stablecoin Tether as a percentage of the total market cap. This metric has risen from 5.7% to 8.13% in just over a
SuperRare, a digital art market on Ethereum’s blockchain, powered by the RARE token, debuted its first pop-up gallery on May 19 in SoHo, the historic New York City neighborhood known internationally for its affinity for artists and their artwork. The event was hosted at the new location of The Block Gallery, which relocated from Brooklyn
Ever since its ATH in November, Avalanche (AVAX) sellers have been on the front foot by keeping the buying rallies under their check. The liquidations from the recent symmetrical triangle pulled the alt below its seven-month trendline resistance (previous support). The existing setup was visibly bearish while AVAX strived to retest the 20 EMA (red).
WAVES just concluded its first two weeks of June on a downward trajectory that saw it push back to May lows. This is despite the little upside towards the end of May, which made it seem as if the bulls were back in control. The end of May rally pushed WAVES out of its narrow
Uniswap [UNI] took a hit just like every other cryptocurrency. But its presence in the market as a decentralized exchange might have something more in store for the token of the protocol. Uniswap V3 for the win? According to a report, V3 has been found to register higher returns on fees for passive LPs outperforming
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