Yearn Finance (YFI) has plunged rapidly following the surprise exit of its key players. The cryptocurrency which had been following the market trend had broken off the step with the rest of the space as the news sent ripples through the community. The plunge which occurred on Sunday came as a direct result of uncertainty…
Algorand (ALGO) trends lower with the rest of the crypto market. Larger cryptocurrencies, like Bitcoin and Ethereum, broke below critical support and seem at risk of future losses unless liquidity comes up at current levels. Related Reading | Algorand Foundation Names Former JP Morgan Executive as CEO, ALGO Soars 10% As of press time, Algorand…
NFT activity is an important element in the Ethereum blockchain, accounting for most network transfers. Demand for Bitcoin in the Ethereum ecosystem has decreased dramatically since the beginning of the year. The surge in demand for NFTs and DeFi applications is helping Ethereum supporters to muffle the noise of Bitcoin maximalists who have long insisted…
The Terra ecosystem keeps on expanding, increasing the total market cap of its native token LUNA. The cryptocurrency has managed to enter the top 10 digital assets by market cap replacing memecoins DOGE and Shiba Inu (SHIB). Related Reading | Terra’s UST Becomes First Decentralized Stablecoin To Surpass $10B Market Cap As of press time,…
Investments in cryptocurrency are incomplete without a crypto wallet to store your assets. A good crypto wallet will house your coins and provide adequate security that will be pretty difficult for external invasion. The wallet could be either online or offline storage. Due to its relevance, several crypto exchanges offer their customers their online crypto…
Largest decentralized exchange on Polygon, QuickSwap recently announced a cooperation With CelsiusX. The DeFi arm of Celsius, the decentralized financial services network founded by Alex Mashinsky, the partners are set to bring more liquidity and create yield opportunities for users on the sector. Related Reading | Celsius CEO: “Elon Is A Tourist In Crypto” The…
LUNA has been dropping sharply in the past few days, deeper than larger cryptocurrencies. As of press time, Terra’s native token moves on critical support barely above $50 with a 16.4% loss in the last 24 hours. Related Reading | Terra Announces Non-Profit ‘Luna Foundation Guard’ LUNA on a downtrend in the 4-hour chart. Source:…
One of Pantera Capital’s investors, Paul Veradittakit, was brave enough to make predictions for this year in the tumultuous world of crypto. Even though we applaud the courage, we’re going to poke holes in them. Because this is the Internet and that’s what we do here. To be clear, the author went through 2021 biggest…
Ethereum’s scalability solution Polygon will implement this network update in its fee model via EIP-1559. According to an official post, this upgrade will introduce a burning mechanism for MATIC and will improve its fee visibility. Related Reading | Polygon Expands Its Footprint As Evolving NFT And Gaming Ecosystems Seek Ethereum Alternatives Ethereum introduced EIP-1559 with…
Surprising the world, Fidelity predicts what Bitcoin’s game theory implies. It’s as Satoshi Nakamoto said, “It might make sense just to get some in case it catches on.” That’s the exact same conclusion that Fidelity reaches in its “Research Round-Up: 2021 Trends And Their Potential Future Impact” report. Take into account that Fidelity is a…