Ethereum’s decentralized finance space has been catching a lot of attention over the past few weeks. This is for good reason: since the start of the year, the value of tokens locked in DeFi has surged in excess of 1,000%. Certain projects, too, have come under the scope of top investors. One macro analyst, Remi…
It’s been quite the past few days for Ethereum, decentralized finance, and the entire crypto industry due to SushiSwap. SushiSwap marked a revolution in how protocols complete; the project, forked from Uniswap, has also marked a revolution in how and if anonymous developers can operate multi-million-dollar protocols. Unsurprisingly, with the unique journey that SushiSwap has…
Ethereum is flashing some signs of strength today as it inches higher while caught within a short-term consolidation phase. This consolidation trend came about after the cryptocurrency rallied to highs of $380 before facing some heightened selling pressure that caused its price to retrace back down towards $360. It is now trading squarely between these…
Ethereum is pushing higher after temporarily retracing due to weakness in the stock market. The price of the leading cryptocurrency just pushed up to $375, which is near a multi-day high and an important resistance region around $380. Analysts think that the asset is primed to move even higher as the asset forms a technically…
Ethereum has seen some intensely positive price action in recent hours, with bulls catalyzing an upswing that led its price to highs of $380 just a couple of hours ago. It did face some intense resistance at this price region, however, and subsequently plunged towards $360. After rebounding from these lows, it now appears that…
In what has to be one of the fastest turnarounds ever, Yearn.finance’s YFI token is being listed on Coinbase just two months after its launch. The leading decentralized finance coin, which is currently the only one with a market capitalization over $1 billion, was just revealed to have garnered a coveted Coinbase listing. On September…
Ethereum has had a remarkable year thanks to the DeFi explosion. Not since the ICO boom has the crypto asset seen this much demand, development, and network activity. And despite the recent plunge in Ethereum price, addresses have only grown, reaching a new all-time high and growing over 25% in 2020 alone. Here’s why Ethereum…
Ethereum started a strong recovery wave above the $350 resistance against the US Dollar. ETH price is up over 10%, but it must still break the $370 resistance for upside continuation. Ethereum gaining traction above the $340 and $350 resistance levels. The price is now well above the 100 hourly simple moving average, but it…
As incredible as Chainlink’s rise has been across the crypto market, it has been eclipsed by the emergence of one extremely rare coin that has since become even more expensive than Bitcoin itself: Yearn.Finance (YFI). The ultra-scarce DeFi digital asset has been defying gravity since its debut. And although there was a massive $20,000 collapse…
On Tuesday morning, Bitcoin once again dropped under $10,000 and Ethereum pushed lower. After a poor open in legacy markets, including gold, the leading cryptocurrencies were brought lower. Top decentralized finance (DeFi) coins based on Ethereum, though, have embarked on a healthy recovery. This comes after a brutal drawdown of 30-50% for most prominent altcoins,…