Compound (COMP) has recently surged with a staggering 113% rise in just two weeks, and the reason behind the rally has been the talk of the crypto community. DeFi Ignas, a decentralized finance (DeFi) researcher, has analyzed the recent developments surrounding Compound and provided insights into the potential factors contributing to the surge. Compound Takes…
The Ethereum network is currently witnessing a surge in interest following the recent Shanghai upgrade, which has expanded the options for holders of Ethereum (ETH). This has resulted in an uptick in the number of people staking their ETH in beacon deposit contracts, an indication of the growing confidence in the Ethereum blockchain since the…
The recent downturn in the XRP market has not deterred large-scale investors, often referred to as ‘whales’. Amid a 12% drop in XRP’s price between June 22 and June 28, they instead saw an opportunity rather than a setback, amassing 360 million XRP worth approximately $170 million. This significant investment demonstrates the high-stake moves that…
Cardano (ADA) has shown signs of recovery in recent trading sessions, although its price continues to linger near a significant resistance level. In the past 24 hours, ADA witnessed a modest 2% increase, but weekly gains have been erased, resulting in a 7% depreciation on the weekly chart. The technical outlook has yet to present…
On-chain data shows that altcoin whales have been highly active recently, something that could lead to volatility in the prices of these assets. Altcoin Whales Have Displayed One Of The Most Active Days Of 2023 According to data from the on-chain analytics firm Santiment, several altcoins have seen transfers worth more than $10 million in…
As the crypto world continues to evolve with increased volatility, unique patterns emerge, attracting the interest of investors and analysts alike. One such way has been observed in the recent trading activity of Compound (COMP), the governance token tied to the Compound protocol. The asset experienced a significant surge, registering a nearly 10% growth within…
The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on Binance to cash in. Sui Foundation Denies Selling Locked Staking…
With decentralized finance (DeFi) gaining more traction, Radix (XRD) is touted to be one of the pioneers of this technological shift. It is a blockchain platform that enables the development of innovative DeFi applications. XRD, Radix’s native token, is one of the worst performers in the market today, recording an 11% loss in the past…
In the crypto market, keeping an eye on the moves of the ‘whales’ – individuals or entities holding large quantities of digital assets, can often provide insights into asset market trends such as Ethereum (ETH) and PEPE. Earlier today, blockchain tracking firm Lookonchain spotted a major shift involving a substantial exchange between leading cryptocurrencies. The…
On-chain data shows that XRP traders have been selling at a loss recently, unlike investors of the other top assets. Here’s why this can be bullish for the coin. XRP Loss Transactions Have Outweighed Profit Ones Recently According to data from the on-chain analytics firm Santiment, XRP has differed from the rest of the top…