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“# SUSHI price surges 73% in four days: Why investors say it’s still undervalued ” SUSHI, the native token of SushiSwap, rallied by 73% in the past four days. However, some investors believe the DeFi token may still have a lot more room to run. SushiSwap is an automated market maker (AMM) that allows users…
“# ‘Ur welcome’ — DOGE soars after Elon Musk returns to Twitter… to shill Dogecoin ” Meme-based cryptocurrency Dogecoin (DOGE) gained 25% in minutes on Feb. 4 after a fresh endorsement from the world’s richest man. DOGE/USD 1-minute candle chart (Bittrex). Source: TradingView DOGE in new “Elon pump” Data from Cointelegraph Markets and TradingView showed…
“# DeFi users flock to Flamingo (FLM) to escape high Ethereum gas fees ” Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations. Average…
“# Altcoins and DeFi tokens rally as Ethereum price hits $1,650 ” Sentiment throughout the cryptocurrency sector continues to improve as Ether (ETH) price ventured into uncharted territory and notched a new all-time high of $1,653 on Feb. 3. Meanwhile, Bitcoin (BTC) bulls appear to have their eyes set on the $40,000 mark and according…
“# Price analysis 2/3: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM ” Bitcoin’s (BTC) stellar run in the latter half of 2020 and MicroStrategy’s purchase of the digital asset appears to have attracted attention from several publicly listed companies in the United States. However, the lack of regulatory clarity could have deterred…
“# Bitcoin bulls target $40K as Friday’s $1B BTC options expiry approaches ” On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month’s $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume. Friday’s…
“# Small and medium hodlers control 40% of the Bitcoin supply — data ” Bitcoin (BTC) ownership is becoming more decentralized every day, data shows, allaying fears that the supply is being controlled by an elite. Data from Glassnode reproduced by statistician Willy Woo on Feb. 3 shows that the number of smaller Bitcoin holders…
“# MicroStrategy will pitch Bitcoin to 1,400 public companies: How will BTC price react? ” MicroStrategy, a $6.37-billion business intelligence conglomerate in the United States, will meet with public companies on Thursday to discuss Bitcoin (BTC). Michael Saylor, CEO of MicroStrategy, said that professionals from over 1,400 firms are joining the event. “If you are…
“# US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run ” Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of adoption sweeps the market. Data from statistics resources Alexa and Similarweb shows that major exchange Coinbase now ranks within the top 1,000 most…
“# Bitcoin price hits $36,800 shortly after Ethereum closes above $1,500 ” On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the largest altcoin by market capitalization. Bitcoin price…