The latest Coinmarketcap data shows that DEUS finance’s stablecoin, the DEI, has lost its dollar peg. After losing its dollar peg and dipping to a new low of $0.55 during the Monday morning session, the price of the algorithmic stablecoin has made some slight gains and currently trades at $0.66 following. While DEUS finance’s stablecoin…
Despite the TerraUSD crash, the platform’s DAO (the LFG) still needs to answer a few questions on some discrepancies regarding Terra’s BTC reserves. Before the UST lost its UST peg earlier in the week and created commotion across the market, the LFG held 70,737 worth of BTC (valued at nearly $2.1B) as reserves for its…
The crypto market has been on a freefall over the past seven days, with the leading digital asset dipping to a 16-month low. Even though BTC has recovered and made some gains, it is still nowhere near its peak price, which it attained last November. However, Cardano founder, Charles Hoskinson, has shared his insights regarding…
No digital token traded in the green amid Thursday’s early hours. Bitcoin dropped 10%, while Ethereum noted an 18% nosedive. Meanwhile, the altcoin marketplace bled severely. The crypto market suffered today as the global economy battled multiple factors. The stablecoins’ unstable algorithmic hurt sentiment in the crypto market, whereas U.S dollar-tied tokens see ‘de-pegs,’ dragging…
Tezos price analysis reveals a pessimistic market sentiment. XTZ’s current support stands at $2.45. The alternative token trades at $2.49. Tezos (XTZ) is among the multiple alts that suffered severely during the latest market-wide crash. The token dropped more than 3% within the previous day, currently trading beneath the $2.5 level. Meanwhile, the altcoin exhibited…
Top cryptos, Bitcoin and Ethereum, failed to regain vital levels following colossal liquidations. While writing this content, BTC changed hands beyond $31K, while Ethereum trades near the $2.4K level. For now, the crypto market attempts recoveries from the latest bloodbath. The ongoing bearishness had alts such as DOGE, LINK, and FTT gravitating toward yearly/monthly lows…
Polygon (MATIC) maintained a long-term surge as it printed a 6-month-long rising wedge and touched its all-time high on December 27. However, the landscape changed as the alt saw downtrends while presenting a discouraging relationship with the Exponential Moving Average ribbons. As the prevailing plunging wedge drop nears the long-term footing at $0.961, bulls would…
According to a tweet posted by the official Wanchain Twitter account, Cardano’s parent company IOHK is now working with Wanchain to introduce further interoperability. Wanchain and Cardano Team Cardano’s quest towards interoperability is now seeing significant progress as its parent company, IOHK has developed a partnership with Wanchain to bring interoperability between the Cardano mainnet,…
After accepting crypto donations for nearly a decade, Wikipedia has halted crypto donations following discontent by the Wikipedia community. The Wikimedia Foundation (WMF), the NGO that runs the popular internet encyclopedia, Wikipedia, has been embroiled in various discussions with its community members over the decision to keep accepting crypto donations. Discussions Have Been Ongoing Since…
Stellar saw its price nearing a retest of the $0.168 mark inside a declining wedge, and the upcoming sessions can see XLM in a break-or-make condition. A move beneath the nearest support might translate to undesired losses by clearing the patch towards the $0.1617 mark. A potential upsurge from the closest foothold would position Stellar…
Ethereum (ETH) witnesses an unmatched surge in inactivity. The blockchain has remained active, from rising traction to institutional adoption. The surging demand saw gas fees in the ETH network spiking to $2.48 billion, higher than $1.7 billion a year ago. ETH’s bullish outlook throughout 2022 led to a lucrative surge in transactions and trading volumes,…
The ability to support successful projects highly determines the success of a platform in the blockchain industry. Tron Network revealed some announcements over the past couple of weeks, intimating enthusiasts and investors about the network’s projects and plans. On April 21, Tron’s founder Justin Sun revealed the platform’s goal to launch a decentralized stablecoin, the…
Nowadays, cryptocurrency is a hot topic that is under discussion globally. The whole world is working on different aspects of cryptocurrency. The increasing popularity of crypto made the world think about legislation regarding the crypto market. The government of Virginia made legislation and allowed the chartered banks of the state to offer custodial services regarding…
Cardano price remains range-bound within the $0.776 – $1.240 level and currently plants to explore the topside limits. ADA may drop towards the $0.776 range low before launching a 30% upswing towards $1.01. A daily candle close under $0.672 will cancel Cardano’s bullish case. Cardano (ADA) appears on continuous bleeding since the altcoin touched its…
Step App (FITFI) traded near $0.3154 at this publication. The crypto touched the $0.3556 daily highs, following a 147.23% surge. Here is all you may need to know about FITFI The Step App (FITFI) has maintained an upside stance since yesterday. The uptrends emerged after the token garnered a listing on two leading platforms, By…
Bitcoin noted a brief plunge under the $39K level but responded with a swift revers on Monday before trapped short positions propelled the rebounds past the crucial $40K. That led to some respite in the altcoin market, though most cryptos retained bearishness on their short-term outlook. Ethereum Classic and Tezos seem to have a massive…
Bitcoin has its price actions beyond the support of $39.5K, changing hands near $40,203.20 at this publication. The world’s largest crypto appears weak and more downtrends in the coming few days would translate to dips in the alt marketplace. Solana and Terra traded inside a near-term range. However, SOL exhibited more bullishness. Terra (LUNA) As…
The growth rate of the Ethereum network’s fundamentals has been impressive lately. The rising number of validators on the chain in the last 30 days demonstrates this growth. 700% Increase In The Number Of Ethereum Validators In 2 Years Multiple blockchain data shows that Ethereum’s technical performance has been quite impressive. There are nearly 355K…
Bitcoin traded sideways over the past day after meeting the $41.5K resistance. BTC’s swift climb past $40K had the altcoin market assuming a bullish picture. Meanwhile, Avalanche encountered massive resistance in the $82 region, whereas NEAR and Polkadot presented short-term buying opportunities. Avalanche (AVAX) Avalanche trades inside the $65.5 – $98.8 range. The range’s mid-point…
Zilliqa shows buying momentum resurgence as the alt gains 14% over the past 12 hours, The upward action emerged after ZIL dropped towards the demand zone of $0.097 – $0.121. A daily candle close under $0.097 will cancel Zilliqa’s bullish thesis. ZIL price action is back in bullish control as the alternative token relaunches its…