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“# Here’s how altcoin futures volumes and the USD lending rate signal market crashes ” Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data…
“# Axie Infinity (AXS) axes almost half its value following 971% bull run ” A supersonic rally in the Axie Infinity market that saw its native token AXS surge by 972% in just 23 days is now risking exhaustion. AXS price Fib fractal The AXS/USD exchange rate plunged to as low as $16.02 on Monday,…
“# Grayscale sets sights on institutional DeFi fund ” Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized fiannce (DeFi) assets. Sonnenshein announced Grayscale’s planned DeFi Fund and Index during an appearance on CBNC’s Squawk Box. Detailing the purpose of the new product,…
“# Ethereum bounces but ETH price in danger of turning $2.3K into new resistance ” Ethereum’s native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell’s prepared congressional testimony. The ETH/USD exchange rate surged 7.19% to reach its intraday high of…
“# Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch ” Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25%…
“# Key altcoin price metric flashed bullish ahead of Axie Infinity’s parabolic rally ” Axie Infinity (AXS) has had a rough week: On July 1, it was trading at just above $5. One week later and following two consecutive two-day rallies, the price was charging past $19. AXS price has since dropped between $18 and $19,…
“# FLOW faces 20% crash risk after intraday pump-and-dump ” FLOW prices slipped on Thursday as traders unwind their bullish bets from the lately bullish digital assets. The FLOW/USDT exchange rate lost up to 15.22% New York morning, a sharp reversal from Wednesday when the pair closed at a one-month high of $16.99 following a…
“# Are KuCoin Shares overvalued after KCS price gains 100% in one month? ” KuCoin (KCS) prices ticked up in the early Wednesday session on July 7, in part because of an ongoing market rally across the top exchange-based utility tokens. The 72nd-largest cryptocurrency peaked for the day at $14.847 before correcting lower on interim…
“# Aave price hits 3-week high as ‘Aave Pro’ debuts for institutional lending ” Aave hovered near its three-week high on Tuesday, helped by the prospects of its foray into the mainstream through the launch of an institutional lending platform. Fundamentals Dubbed as Aave Pro, the platform expects to become a “permissioned liquidity protocol” by…
“# SNX hits multi-week highs as total value locked on Synthetix approaches $1 billion ” SNX spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets. The Synthetix project’s native token reached $9.59 after rising four days in a row by up…