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“# Terra (LUNA) price rallies 162% while Bitcoin and altcoin prices drop ” Bitcoin (BTC) price appears to have faked out investors with its move to $42,000 last week and while the digital asset struggles to hold above $38,000, altcoins with strong fundamentals and real-world applications are gaining momentum. Terra (LUNA), a blockchain protocol that backs…
“# DeFi attracts 2.91M Ethereum addresses, according to ConsenSys ” By the end of June 2021, 2.91 million unique Ethereum addresses had interacted with at least one DeFi protocol, representing 65% growth from the previous quarter. “As community driven education, simple user interfaces, appealing yields, and general awareness around DeFi best practices increased throughout the…
“# Eth2 will help Ether outpace Bitcoin, Pantera Capital CEO predicts ” Amid the looming Ethereum London hard fork, Pantera Capital CEO Dan Morehead predicted that the upcoming upgrade would likely help Ether (ETH) outpace Bitcoin (BTC) as the largest cryptocurrency. As a newer cryptocurrency, Ether has more potential than Bitcoin, Morehead said at the…
“# How cross-chain liquidity aggregation can shape the future of DeFi ” As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future. Automated market makers, in particular, changed the game by eliminating the need for…
“# Price analysis 8/2: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK ” Bitcoin (BTC) dropped back below $39,000 on Aug. 2, suggesting that short-term traders were booking profits after the price failed to close above $42,451.67. However, lower levels could again attract buying as seen in late July. Data from Santiment showed…
“# NFTs are next for enterprise Ethereum, says ConsenSys founder Joe Lubin ” Nonfungible tokens, or NFTs, are known by the mainstream as digital assets that represent real-world objects such as art, music and fashion, among others. Yet, while most of the world may be enamored by the high selling prices of NFTs launched by…
“# 3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks ” Ethereum’s native asset Ether (ETH) dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion. In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time…
“# 3 reasons why Ethereum price might not hit $5,000 anytime soon ” Ether (ETH) price has been in a downward spiral ever since the Ethereum co-founder Vitalik Buterin presented at the StartmeupHK Festival 2021. In a fireside chat session on May 27, Vitalik stated that several internal team conflicts caused the Proof-of-Stake migration to…
“# Pro traders look for this classic pattern to spot Bitcoin price reversals ” Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear…
“# The future of DeFi is spread across multiple blockchains ” Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and…