The recent market crash successfully invalidated all recovery that cryptocurrencies made post the 9 May crash. However, as of 14 June, some of the tokens are back in the recovery mode, rising far quicker than others, including the likes of Fantom [FTM]. Fantom goes back up Although most of the altcoins closed in red onContinue reading “Assessing odds of Fantom investors buying dip after 14.7% recovery”

The broader market crash wiped out $280 billion from the crypto market as every cryptocurrency crashed over the past 24 hours. Falling below the $1 trillion mark, the combined value of all cryptocurrencies, at the time of writing, stood at $934 billion. Among the ones to take a hit was Polygon as well, which isContinue reading “MATIC: Traders going short in hope of bearish marubozu should look at doji”

The emerging cryptocurrency took a fatal hit today after Tron [TRX] lost the peg for its stablecoin USDD. Consequently, following the depegging, the altcoin began freefalling as well, and at the time of writing, the cryptocurrency was trading at $0.06, almost 18% below its opening price. Tron goes boom! Investors were seen pulling money outContinue reading “Here’s how Tron’s [TRX] 18% intra-day crash affected market participants”

Dogecoin has always been an iffy cryptocurrency considering its fundamentals and uses cases. However, it managed to amass an audience of seasoned and amateur traders alike. But with the recent crash, that spell may break soon. Dogecoin fails to be a good boy The last week was one of the most devastating, if not theContinue reading “Dogecoin: Down 92% from its all-time-highs, is DOGE gone for good”

Over the past week, Ethereum [ETH] has noted its third-highest drop in 2022 after the May crash and the January dip. Simply put, it has been falling for the second consecutive month. This 21.52% depreciation has killed the hopes of investors who were expecting a return to $3k by the end of the month. This,Continue reading “Ethereum’s new 2-year low: Can it GO any lower? The answer is…”

Although the development is supposed to be a positive trigger for Avalanche [AVAX], it has been subdued by the broader market’s bearish cues that have already wiped out more than $137 billion from the crypto market. Avalanche loses further Avalanche, even though wasn’t the best performing asset in the market, was still doing better thanContinue reading “How Avalanche’s [AVAX] partnership with Chainlink [LINK] cost it over 25%”

ApeCoin was one of the most anticipated launches this year. Now it is one of the worst-performing assets among the top coins. Furthering it is the consistent threat that has been looming over the Bored Ape Yacht Collection, with another possible attack on the way. This Ape isn’t bored, its depressed Amid the market crash,Continue reading “Is BAYC losing significance with ApeCoin [APE] losing over 34% in a week”

While the broader market’s bearishness has certainly impacted the price and growth of Compound [COMP], a significant contribution to the same also comes from decreasing demand. This is clearly visible when observing the on-chain statistics of the lending protocol. Compound alleviated Following the all-time high establishing rally of May 2021, COMP has seen a declineContinue reading “Compound [COMP] is 13 months down, but will the 14th be the same”

Chainlink was on a solid uptrend for the last two weeks before the broader market crash terminated the rally and brought the coin back down. The last 24 hours have been marked as the third time in this year alone that Chainlink’s attempts at recovery have been crushed by the bears. Chainlink loses another fightContinue reading “As investors dump LINK, take a look at the ‘chain’ reactions that triggered this”

The beginning of June did bring a ray of hope with the cryptocurrency market recovering from the bloodshed of May. However, as we enter the third week of June, the scenario of the market doesn’t look at its best. Considering the performance of AAVE, the has come down by more than 13% in the lastContinue reading “With AAVE sinking further and further, is recovery still an option anymore”

Cardano is turning around its course of action after losing 85% of its value. The anticipation of the Vasil hard fork seems to be working its charm, and the third-gen cryptocurrency is making its way back up.  Cardano climbs up After losing $73 billion from its market cap, ADA currently has a total value ofContinue reading “Cardano [ADA] climbs, but will that make investors happy this time”

The thought of investors dumping such a huge chunk of the supply in one go would be scary for any cryptocurrency. Not Shiba Inu, however.  The meme coin with a supply of more than 400 trillion SHIB has established its reputation for being a victim of its own investors. And, they might continue to upholdContinue reading “Assessing if we’ll see Shiba Inu investors dump 1 trillion SHIB “