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“# Pumped up by volume? 5 crypto assets that traders loved this month (and their prices) ” Trading volume — the amount of an asset that changed hands over a given period — is one of the key metrics that investors use to track price trends and assess the market outlook for a specific coin…
“# Negative funding rates incentivize traders to long Polygon (MATIC) and AAVE ” Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority of retail investors are. This causes an interesting phenomenon…
“# Celo rallies 50% as excitement builds for the upcoming ‘Donut’ hardfork ” Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts. One project…
“# MATIC says ‘no’ to crypto bears with new all-time highs, weekly gains near 120% ” Ethereum infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the day. MATIC/USD 1-hour candle chart (Coinbase). Source: TradingView MATIC hits fresh record high Cointelegraph Markets Pro and Tradingview…
“# Summer shorts: NANO price spike gives traders a chance to bet against the rally ” When Elon Musk’s ‘Bitcoin is bad for the environment’ tweet caused a flash crash of BTC and the majority of altcoins’ prices earlier this week, a handful of digital assets headed in the opposite direction, making huge gains amid…
“# Kusama (KSM) price hits new highs as parachain auctions begin to take shape ” Major protocol upgrades are one of the most potent sources of price movement for cryptocurrency projects as community members and investors get excited about new features and traders rush in to “buy the rumor and sell the news”. One protocol…
“# Chance of a price crash increases as Cardano (ADA) futures near $1B ” Cardano’s (ADA) impressive 816% gain in 2021 catapulted the smart-contract platform’s market capitalization to $61 billion. To fully grasp how far this third-generation protocol has gone, the absolute leader, Ether (ETH), held the same valuation just six months ago. As Cardano’s…
“# Green energy tokens capitalize on Tesla’s decision to nix Bitcoin payments ” After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked the crypto Twitter on May 12 by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns…
“# Cardano nears $2, Nano jumps 125% in firm shrug to Bitcoin bears and Elon Musk ” Cardano (ADA), the fourth-largest cryptocurrency, hit new all-time highs on May 13 as bulls refused to follow the broad market downtrend. ADA/USD 1-hour candle chart (Binance). Source: Tradingview ADA wows weary traders Data from Cointelegraph Markets Pro and…
“# How did Internet Computer (ICP) become a top-10 cryptocurrency overnight? ” Traders valued Internet Computer (ICP) at $630 in its debut on Coinbase on Monday. On Binance, however, the dollar bids for the token surged to as high as $3,093 as of Tuesday. Meanwhile, HitBTC reported ICP at the peak of roughly $407. The…