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” Lost SOL? Persistent challenges continue to impact Solana price “ The past thirty days have been an extremely bearish time for cryptocurrencies. The sector’s aggregate market capitalization plunged 33% to $1.31 trillion and Solana’s (SOL) downfall has been even more brutal. Currently, SOL has seen a 50% correction and trades at $51. Solana/USD price…
” 2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level “ Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is…
” dYdX releases an app: Why haven’t more DeFi protocols followed suit? “ Crypto derivatives trading platform dYdX has officially launched an app via Apple’s iOS store, joining just a select number of fellow decentralized finance (DeFi) protocols that have built apps for smartphone adoption. According to a May 10 announcement, dYdX’s app is now…
” Top Shot creator unveils $725M fund to support Flow ecosystem “ The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network. Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made…
” Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report “ Solana (SOL) and Moonbirds came to the rescue of the bearish nonfungible token market after a six-week cooldown phase. According to the monthly DappRadar report, the NFT market recorded a multi-month trading volume high of $6.5 billion, surging by 23% from…
” 3 key metrics signal Terra (LUNA) price is preparing for a recovery “ Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling to hold above the $85 support. Previously,…
” Finance Redefined: Samson Mow’s DeFi question, Fireblocks expands to institutional and more “ The week was filled with several new project developments and key updates from leading decentralized applications (DApps) and decentralized finance (DeFi) protocols. Fireblocks has expanded its institutional access to Terra’s DeFi ecosystem and Solana partnered with the Notifi network to improve…
” Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish “ Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its large footprint in…
” US crypto adoption remains high despite global inflation fears “ A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets. The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States, a reactionary rise…
” NFT traders STEPN to a new groove — Is move-to-earn the future of fitness or another fad? “ Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is…