The term decentralized finance (DeFi) has become common within the blockchain and web3 spaces. DeFi seeks to decentralize services like lending and borrowing, which are found in the traditional banking system. You can easily mistake financial technology (FinTech) apps such as PayPal, Venmo, and Revolut for decentralized apps, but they are more closely related to…
Financial powerhouse JPMorgan, which just executed its 1st cross-border financial operation using the technology that has grown so popular in the cryptocurrency field, is giving the blockchain sector a significant boost. JPMorgan is strongly boosting DeFi One of the major monetary institutions in the world entered the field of autonomous banking as a result of the…
In Asia, Avalanche will aid the operation of the e-commerce web company Alibaba, supporting the cloud-based servers and building a new internal data-storing structure. Through their collaboration with the cloud servers and e-commerce corporation, Avalanche is going to create the tools necessary for clients to set up certification connections on their open crypto-based redistributed service…
Indeed, web3 and decentralized finance (DeFi) capabilities are among the blockchain pillars making most chains attractive to investors. Early adopters that joined the space are working to strengthen their footing. Polygon is among such platforms. The Polygon Village Created as a one-stop platform for developers to build and enhance projects, Polygon Village will use vouchers…
The past couple of weeks had Bitcoin hitting 16-month levels as the digital asset space saw colossal sell-offs. Combined with the TerraUSD stablecoin crisis, bears remained in the front seats, and they canceled any upside attempt within no time. With the antique financial advice of dip-buying, market players might be looking for hidden gems in…
Bitcoin’s downtrends since April have meant a massive impact on Loopring’s price actions. LRC traded beyond $1 in March this year before being swiftly forced to surrender the territory claimed in March to bears. While publishing this content, the alternative token hovered 64% down from March high. Moreover, LRC might experience more declines in the…
Thursday trading sessions saw Bitcoin breaking beneath two crucial support barriers amid escalated bloodbath in the market. While its recent fall emerged because of a higher-than-anticipated US inflation stat, other factors send participants out of the crypto market. Bitcoin lost approximately 15% over the previous 24 hours to change hands near $26,848. The world’s leading…
Avalanche’s price outlook displays a bearish picture. Prices plunged towards the $37 mark. AXAX’s support sits at $36.4. Avalanche’s (AVAX) price outlook favors bears as it noted another drop within the past day. The market has maintained bearishness since May 5, 2022. The previous 24 hours saw AVAX at a loss again as bears stopped…
Tezos Price’s outlook presents bearishness today. The alt currently faces resistance at around $2.59. The current support for XTZ stands at $2.41. Tezos outlook reveals negative market actions today as XTZ prices formed a lower peak at $2.59 plus a lower low near $2.51. For now, the market structure hovers between resistance and support levels…
Loopring price tries to conquer the hurdle at $1.17 before triggering a swift run-up. Enthusiasts can see a 70% upsurge towards $1.96 with the bulls’ resurgence. A 24hr candlestick close beneath 41.03 will annul the bullish case for Loopring. Loopring (LRC) has seen a vertical upward move since 15 March but currently faces a critical…
STEPN (GMT), a move-to-earn coin, surged over 30,000% in 30 days and more than 300% within the past seven days. Here’s why. The cryptocurrency industry has proven lucrative for anyone interested in massive returns. Besides Bitcoin, which surged more than 5B percent since 2010 July, many tokens have converted average investors to millionaires in a…
Axie Infinity witnessed its price declining sharply during overnight sessions. Ronin Network lost million amid a massive hack Here is why AXS might keep plunging. Axie Infinity recorded price drops late on Tuesday as market players reacted to Ronin Network exploit. AXS changes hands around the $63 mark, nearly 15% beneath its weekly high. Moreover,…
Avalanche (AVAX) had its price coiling up for more than two months before breaking out of the technical formation. Though the breakout is bulls, it encounters obstacles that threaten to erase all gains acquired over the previous week. Market players should concentrate on this week’s AVAX action for what the alt’s future holds. Threats Persist…
The broad crypto market sees strength, registering a 5% recovery within the past day. A surprise move had Bitcoin bouncing back 7%, climbing past the $41.5K mark. The ongoing uptrends come after the market saw massive volatility last week. It appears the market is responding well to the coming executive order by the Biden administration….
Cardano’s total value locked gains 194,000% since 2022 January. A renowned Cardano fan tweeted about the impressive growth in TVL of ADA locked in various DEC within two months. Cardano_Whale, a Twitter user, posted ADA total value locked in Cardano has increased by 194,000% since 7 January 2022. The update shows AD’s total value locked…
Rune’s awaited mainnet launch propelled the coin’s price to the latest highs at $6.01. Also, Terra integrated into the THORChain network, allowing the protocol to support Cosmos-related projects. The THORChain platform hit 1.5M decentralized permissionless swaps. THORChain ($RUNE) token surged by 76.25% within the week. THORChain is a blockchain platform developed through Cosmos SDK, a…
LUNA tested 78.6% FIB resistance amid market recovery. Moreover, the alt dips into overbought conditions. Avalanche witnessed decent increases within the past few sessions, swaying beyond 20-50-200 Simple Moving Average. Meanwhile, $0.06 remains a crucial level for Tron in detecting potential breakouts. Terra (LUNA) LUNA registered a 50.11% decline after losing the $86 level, hitting…
XTZ/USD highlights bullishness today. The pair holds under the resistance of $4.5 Immediate support stands at $3.5. Tezos price appears to gain momentum as the alt approaches the $4 level as the Moving Average Convergence Divergence presents a buy signal. Meanwhile, there are no massive rejection signs for more upside, which means XTZ will likely…
Fantom (FTM) is among the ETH-layer1 competitors that have trended recently. The weekend had the altcoin rallying higher towards $3.40, registering another ATH. That came after FTOM noted a stable 15% upsurge on 16 January yesterday. According to on-chain analytic firm Santiment, Fantom’s funding rate on sites like Binance turns negative, showing massive shorts. Nevertheless,…
Most top alt, including DOGE, MATIC, LUNA, and DOT, gained more than 15% over the week. Meanwhile, Near Protocol saw its native coin NEAR surging over 35% as the Layer1 network witnessed intensified competition. Bitcoin noted a tide shift this week, rising past the psychological level of $42,000. That comes after the leading crypto lost…
A clash has been going on between curve Finance as well as Mochi Finance following the latter’s attempt to leverage the governance mechanics of decentralized finance (DeFi). Curve accuses Mochi of exercising a governance attack Curve claimed that a significant amount of Mochi’s token named MOCHI has been minted by it and the firm has…
Briefly – UNI’s price faced obstacles around $21.51, slowing down its recovery. RSI displays a bullish divergence, indicating a 20% upsurge. Meanwhile, breaking under $18.37 will nullify the bullish case. Uniswap sees it price ready for consolidation after meeting a massive resistance obstacle on its path to recovery. Though the slowdown in momentum might be…
