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” Aave v3 launch triggers 50% rally from long-term descending channel pattern “ The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year’s fast risers have faded into obscurity but this does not mean the formerly “famous” protocols have not continued to build. One…
” Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability “ Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector. Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a…
“# Bob Dylan goes meta as Sony and Universal partner with Snowcrash NFT platform ” Solana-based nonfungible token (NFT) marketplace Snowcrash has announced that Sony Music and Universal Music Group — the two largest music labels in the world — have officially partnered with the upcoming platform. The two music labels will release Bob Dylan…
“# Altcoin Roundup: 3 portfolio trackers NFT and DeFi investors can use to stay organized ” The cryptocurrency ecosystem has seen a tremendous amount of growth over the past couple of years, as the introduction of decentralized finance (DeFi) and the popularity of nonfungible tokens (NFT) have led to an explosion of projects on more…
“# OpenSea smart contract upgrade to delist inactive NFTs on Ethereum ” OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform. As a part of the planned upgrade, all OpenSea users will need to…
“# AXS, RON and SLP surge after Axie Infinity developers revamp the project’s tokenomics ” Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana has a market cap of $5.5 billion, but this growth has not come without challenges. Axie Infinity’s in-game token, Smooth…
“# Trader Joe (JOE) makes a 110% V-shaped recovery after Rocket Joe launch ” The market appears to be finding its feet and as the smoke clears, its easier to see which projects are fundamentally flawed and which are returning to their previous trading range where they were before the recent three-week downturn. Trader Joe…
“# The Metaverse calls: NFTs construct virtual economies to stay relevant in 2022 ” As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility. Notably, Bored Ape Yacht Club has amassed over $1 billion in total volume and announced a mobile…
“# Stealth rulemaking: Is proposed SEC rule with no mention of crypto a threat to DeFi? ” On Jan. 26, the United States Securities and Exchange Commission proposed amendments to Rule 3b-16 under the Exchange Act that lacks any mention of digital assets or decentralized finance, which could adversely affect platforms that facilitate crypto transactions….
“# Kyber Network (KNC) bucks the market-wide downtrend with a 57% gain in January ” In the crypto market volatility continues to reign supreme, and fear, uncertainty and doubt (FUD) run rampant. This makes it challenging for any project to rise above the noise and post positive price gains but there are a few projects…