MFT surged 84 percent in just three days to hit its topmost quarterly level. The native token of Mainframe, a decentralized finance (DeFi) project that offers fixed-rate lending and borrowing services, topped at 0.3460 as of 1218 UTC Monday. The gains appeared amid a market-wide craze for DeFi projects that saw many of MFT’s peers…
Yearn Finance’s YFI pops up by 55 percent in just one hour. The jump comes after Binance announces that it is listing YFI pairs on its trading platform. The Yearn Finance founder Andre Cronje further pumps the hype by making a blusterous announcement. Yearn Finance’s native token YFI surged in an early session Monday after…
Multiple decentralized finance (DeFi) focused cryptocurrencies have seen parabolic performances in the past few days. This comes in spite of the fact that Bitcoin finally broke out on Monday morning, surging from the $11,700 it was holding at to $12,100 in a rapid rally. Analysts expect this interest in coins like Band Protocol (BAND), Balancer…
Bitcoin’s price has been caught within a strong uptrend throughout the past several weeks, although this momentum is showing some signs of stalling as the cryptocurrency consolidates within the upper-$11,000 region. Analysts are now noting that BTC may soon see a strong uptrend due to inflows of capital from retail traders who are just entering…
XRP over the last month had some of the strongest week over week performance in the space. The third-ranked altcoin rallied by as much as 45% in one week, outperforming the rest of the entire crypto market. The asset often referred to as Ripple beating all other altcoins is the perfect underdog story after spending…
Ethereum has been consolidating alongside Bitcoin and most other major altcoins throughout the past several days. This consolidation phase comes close on the heels of the strong upwards movement that sent the cryptocurrency surging from recent lows of $230 to highs of $415 that were set last Saturday. Ever since it faced a rejection at…
Ethereum is preparing for another massive breakout, according to a fractal analysis by a cryptocurrency trader. This comes after ETH underwent a strong drop on Friday, responding to a drop in the value of gold and U.S. equities. Related Reading: Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches Ethereum Could Soon Break…
Bitcoin has been consolidating within the upper-$11,000 region for the past several days. Its ongoing bout of sideways trading first came about last weekend when it faced a firm rejection at $12,000. The selling pressure here has proven to be insurmountable ever since, and traders are now shifting their focus towards smaller altcoins – which…
Chainlink (LINK) has continued to surge higher since NewsBTC’s last market update. Just minutes ago, as per data from TradingView, the cost of the popular altcoin crossed above $13 just minutes ago, reaching a local high of $13.60. LINK is clearly in a price discovery phase, with no historical resistances to suppress its price action.…
Oracle tokens LINK and BAND continues heading higher despite a bearish correction phase in the rest of the crypto market. The rallies show traders’ growing speculation of the DeFi cryptocurrencies. On a day when the cryptocurrency market is correcting lower, two Oracle tokens have moved in the opposite direction. Decentralized Finance’s top assets–Chainlink’s LINK and…