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“# Top 5 cryptocurrencies to watch this week: BTC, UNI, THETA, VET, LUNA ” Bitcoin’s (BTC) fundamentals received a boost as the U.S. Senate passed the $1.9 trillion stimulus bill on March 7. If traders react to this bill in the same way as they had done to the first stimulus package in April 2020,…
“# Price analysis 3/5: BTC, ETH, ADA, BNB, DOT, XRP, UNI, LTC, LINK, BCH ” Analysts expect the U.S. economy to stage a strong recovery in the second half of this year as coronavirus vaccines are distributed and economic activity begins to increase. As growth picks up, inflation concerns are also on the rise. Speculation…
“# Ethereum gas fees drop as daily DEX and DeFi volumes decline ” The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms…
“# Matic, xDAI (STAKE) and Loopring (LRC) rally as Ethereum gas fees rise ” The start of a new month has brought renewed fervor from the cryptocurrency market as Bitcoin (BTC) price steadily climbed from a low of $43,537 on Feb. 28 to a high of $49,200 during today’s early trading hours. As traders get…
“# Here are 6 DEX tokens that have seen exponential growth in 2021 ” DeFi has steadily grown in prominence over the past year thanks in large part to the strong foundations established by decentralized exchanges (DEX) that enable easy access to the latest tokens and projects. While there have been previous iterations of DEX…
“# DEX volumes have already surpassed $120b in 2021 ” Ethereum-powered decentralized exchanges, or DEXes, continue to surge despite high transaction fees — with DEXes processing more than $120 billion in 2021 so far. According to Ethereum market analytics platform Dune Analytics, combined DEX volumes posted a new record of $63 billion in January. February’s volume…
“# Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021 ” Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network. While a lot of the focus in decentralized finance (DeFi)…
“# DEX goals diverge as SushiSwap (SUSHI) and Uniswap (UNI) rally to new highs ” Uniswap and SushiSwap have emerged as two of the top decentralized exchanges (DEXs) that are leading the current DeFi bull run higher. Despite a controversial start for SushiSwap, the last few months have seen it catching up to Uniswap in…
“# Exchange tokens benefit as centralized exchanges battle with DeFi platforms ” Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another…
“# Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch ” As decentralized finance continues to increase it hold on the wider cryptocurrency market, Binance Smart Chain (BSC) is beginning to emerge as a suitable option for traders looking to escape from high transaction fees on the Ethereum (ETH) network. With more…