Several signs indicate that Bitcoin is potentially on the brink of a new bull market, and much higher prices are ahead. However, one seemingly bullish sign that investors are preparing for mark up, is actually at the same level as just prior to the collapse to the cryptocurrency’s bottom. Are looks this deceiving, and Bitcoin…
UNI logged a rollercoaster opening session last week after rising by almost 2800 percent in just less than 24 hours. The token reached a record level of $8.59 following its free distribution among the users of UniSwap, a top decentralized cryptocurrency exchange by volume. It supplied about 150 million UNI tokens to its liquidity providers,…
They say the bigger they come, the harder they fall, and DeFi sure fell hard during this market dip. With that, NFTs have suddenly become the next big thing. NFTs are unique tokens that are not interchangeable as a result of their distinctive characteristics. As “one-offs,” the idea of investing in NFTs is gaining ground.…
Ethereum is looking to fall towards $200 after breaking a multi-week support level this Monday. The price floor was a part of a Bear Flag pattern. In retrospect, Bear Flag appears as an asset consolidates in an upward channel following a robust directional move down. The price eventually breaks below the Channel’s lower trendline, a…
Chainlink has been seeing intense weakness throughout the past few weeks, which has come about following a period of macro strength that allowed its price to rally up to highs of $20.00. The cryptocurrency has since posted enormous losses that have erased months of upside, leading some analysts to now anticipate further losses in the…
Yearn.finance (YFI) has undergone a strong retracement since recent highs, dropping under $30,000 since setting a $44,000 high just days ago. The coin currently trades at $28,000 as of this article’s writing, far below the aforementioned highs. This drop comes as Bitcoin and Ethereum underwent a strong rejection at the local highs. Other decentralized finance…
Uniswap’s token UNI has been seeing massive inflows of capital throughout the past few days and weeks, with investors flocking to try to garner governance rights over Uniswap – which has rapidly become the most popular AMM in the market. This has caused the price of UNI to surge, hitting highs of over $8.40 yesterday…
Like other altcoins, Chainlink (LINK) has been subject to a strong correction over recent weeks. The coin now trades at $10 as of this article’s writing, around 50% below the all-time highs set at approximately $20 just weeks ago. Despite the strong drop, analysts remain optimstic about LINK’s price prospects. Related Reading: Ethereum Transaction Fees…
A blast from Bitcoin’s past is making a comeback, reaching a new all-time highs trading volume after abysmal launch turnout sent the cryptocurrency’s price tumbling last year. What’s going on with Bakkt that suddenly has its Bitcoin Futures trading desk soaring in trading activity? Bakkt The Truck Up: Remembering The Reason For Crypto’s 2019 Collapse…
Uniswap’s recently released token – called UNI – has seen massive inflows of investments throughout the past day, with the large buy-side orders far outweighing the relatively small sell orders from users who received 400 tokens via an airdrop. This uptrend has been further perpetuated by multiple exchange listings, with the likes of Coinbase, FTX,…