Bitcoin dominance has been plummeting recently letting altcoins have their time in the crypto market spotlight for a change. But as altcoins begin to correct, BTC dominance is signaling that the asset is about to recover from the altcoin market’s rally against it. What does this mean for Bitcoin, and how will certain altcoins withstand…
The Ethereum-based peer-to-peer lending platform Aave has been in the spotlight of the cryptocurrency market after the 1,500% price increase it has enjoyed throughout the year. In July alone, LEND skyrocketed nearly 185% to reach a new yearly high of $0.38. This price level is just a few cents below its all-time high of $0.394…
Against Bitcoin, Ethereum has been embroiled in a brutal bear market for the past two years. There was a point when one ETH was worth in excess of 0.1 BTC, but those days have long passed. Now, Ethereum trades for under 0.03 BTC — a far cry from its all-time highs. But multiple analysts say…
Chainlink plunged during the Thursday trading session in what appears to be a sell-off caused by profit-takers. The latest decline appeared as a part of a downside correction that started a day after Chainlink set an all-time high at $8.93. Meanwhile, favorable fundamentals in the form of new strategic partnerships kept the token above crucial…
A dollar invested in KNC crypto token at the beginning of 2020 is now worth $6. The supersonic price rally appeared amid an escalating craze around decentralized finance projects. KNC, a DeFi crypto itself, powers Kyber, one of the most active decentralized exchanges by volume. Meanwhile, the token is also at the center of a…
One of the hottest crypto trends over recent months has been Ethereum DeFi. Also known as decentralized finance, DeFi is the industry of building decentralized applications for financial services.As can be seen below, coins related to this sector have gone parabolic, outpacing Ethereum. Take the example of Aave’s LEND token, which is up by over…
The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month.Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down.Ethereum has set a new record against…
One of the crypto market’s hottest DeFi tokens, Compound (COMP) has gone on an over 20% intraday rally. Meanwhile, the rest of the market is seeing red due to overall Bitcoin weakness.What’s causing Compound to stand out and surge while the rest of the crypto market tanks?Compound Becomes Breakout Superstar in Already Red Hot DeFi…
Mainnet crypto staking on the Matic network went live on June 29, 2020. Delegators need a minimum of one Matic token to participate, and with a current price of just under two cents, the barrier to entry is low.Matic’s co-founder and CEO, Sandeep Nailwal took to Twitter to give an update on how the rollout…
Automated market maker protocol Balancer lost over $450,000 in a hacking incident on Sunday.The firm’s co-founder and CTO, Mike McDonald, confirmed that hackers drained at least two of their pools that contained deflationary tokens STA and STONK.He admitted that hackers exploited security vulnerabilities in those tokens to trick their pools into selling them Ether, WBTC,…