USDC experienced a notable decrease in its circulating supply during the weekend, causing ripples of concern within the cryptocurrency market. According to data from CoinGecko, the stablecoin’s circulating supply dwindled by over 2%, falling from $27.9 billion on June 30 to $27.3 billion in less than 48 hours. This sudden drop has intensified existing worries…
PEPE has recently made a stunning comeback by surpassing its local highs with a remarkable 20% weekly surge. This unexpected turn of events have provided some relief to investors who thought the frog-themed coin will never be able to get back on its feet again. What has propelled this sudden comeback, and what does it…
So far, Curve DAO has been seeing enormous gains at the start of the month as CRVUSD, Curve’s native stablecoin, gains significant traction in users. According to recent data posted by Curve DAO’s official Twitter page, the stablecoin has reached a supply and debt level of over $50 million, which indicates that the stablecoin is…
The crypto market has been on a rollercoaster this year, with prices fluctuating wildly and regulatory pressures causing significant drops. However, recent developments have given investors renewed confidence in the market, leading to a total crypto market cap recovery. On June 15th, the total crypto market cap hit a low point of $972 billion, following…
Litecoin (LTC) has been on a remarkable run in the past three days, emerging as one of the most impressive performers among cryptocurrencies this week. But what’s causing this sudden surge in its price? The answer lies in the anticipation of a major event that’s just around the corner: the impending halving of Litecoin, set…
Avalanche (AVAX) has been experiencing a surge in daily activity, with traders and investors eagerly observing its progress. The crypto community had high hopes for the AVAX price to surpass the $14 mark, signifying a significant milestone in the asset’s growth. However, despite the increased interest and activity surrounding the crypto, the price failed to…
Solana (SOL) is poised to further enhance its decentralized finance (DeFi) ecosystem with the introduction of a new validator client. This exciting development has garnered attention from stakeholders and industry experts who believe it could significantly bolster Solana’s position in the highly-stacked DeFi landscape. As optimism runs high, Solana enthusiasts eagerly anticipate the potential benefits…
Compound (COMP), the governance token of the Compound protocol, has experienced a remarkable surge in value over the past week, positioning itself as one of the top gainers in the cryptocurrency market. The token’s price has risen by an impressive 33% within a span of just seven days. COMP has experienced a bullish surge in…
In a recent community call, the team behind the Ethereum Name Service (ENS) revealed plans to adopt a Layer-2 platform in light of increasing gas fees on the mainnet. In response to this planned move, ENS prices climbed roughly 10%, floating higher with increasing trading volumes, evident in the daily chart. The Ethereum Name Service ENS…
Polygon (MATIC) has recently made a significant announcement, unveiling the architecture of its highly anticipated Polygon 2.0. The community has been eagerly awaiting this update, hoping it will address various scalability issues and bring further improvements to the network. Despite the excitement surrounding Polygon’s future plans, the token, MATIC, seems to be experiencing a period…