One of the hardest things to explain in the cryptocurrency market is the plummeting price of a token despite steady increments in the number of wallets holding the token.  According to the latest data from Cardano Blockchain Insights, the number of wallets on the Cardano Blockchain holding its native token, ADA grew by over 70,000Continue reading “Cardano’s nearest future might look like this as users await the Vasil HardFork”

On 19 May, Litecoin finally launched its new MimbleWimble (MWEB) upgrade after years of development. The upgrade, which was completed at the Litecoin block height of two million, promised that privacy will be guaranteed as users complete transactions on the Litecoin Network. While it is trite that native tokens barely exhibit any positive reaction toContinue reading “Can Litecoin’s [LTC] long-awaited MWEB update shine a light to end this darkness”

The entire crypto market is trying to recover from the recent crash. However, in the case of the Polkadot token, after breaking out of a symmetrical triangle pattern on 17 May and trading above the $10 level, the bears appeared to have spotted the coin. How so? After recording a high of $11.29 during intradayContinue reading “Polkadot: Should DOT investors expect a rally in the face of a dead cat bounce”

“Wen MimbleWimble [MWEB] update?”, you ask. Well, according to Charlie Lee, Managing Director of the Litecoin Foundation, the MWEB upgrade is estimated to activate on 19 May at 8:30 p.m. (5/20 3:30 a.m. UTC). With the promise to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network,Continue reading “Litecoin [LTC]: Few hours till MWEB upgrade; here’s what investors should know”

The scarcity principle dictates that consumers place a higher value on products that are perceived to be scarce. In economics, when demand equals supply, an equilibrium is achieved. However, a disequilibrium ensues when demand exceeds supply or vice versa. In the first instance, prices of such products are driven up due to an increase inContinue reading “SHIB burning and its price – Is it a tale of ‘two roads diverged in a yellow wood’”

Unlike Crypto OGs, newbies and paper hands in the crypto space are not familiar with the popular saying “with hardship comes ease”.  With FUD at an all-time high last week following crypto markets correction, the price of Bitcoin and several other altcoins plummeted. However, last weekend was marked with a retracement as most cryptocurrencies attemptedContinue reading “Monero [XMR], Solana [SOL], and their redemption journey post 16 May”

Following the decimation of Terra’s UST and a temporal depegging of Tether’s USDT, Deus Finance (DEI) is the latest to suffer the same fate. The meltdown of the stablecoins  Currently valued at over $50 million by market capitalization, DEI is a hybrid algorithmic stablecoin from DEUS Finance, a DeFi Protocol.  DEUS Finance uses two tokensContinue reading “Depegging debacle: Is DEI, hybrid algorithmic stablecoin, following UST’s footsteps”

A one-of-a-kind incident in the crypto market was the Terra [LUNA] debacle of last week. With spiraling investors and the start of a never-ending blame game, clouds of uncertainty haunt the market even today. If that wasn’t enough, the infamous Terraform Labs co-founder and CEO, Do Kwon, came out of his temporal hiatus on 16Continue reading “Terra’s Revival Plan 2: ‘Much Ado About Nothing?’ Here’s what we ‘Do Kwon’”

“You get regulated!” “You get regulated!” “Everybody gets regulated!” The Terra LUNA crash that led to the bleeding cryptocurrency market of $830 billion in market value has led regulators to question the stability offered by ‘stable’ coins.  With an existing apathy for the lack of regulation in the crypto space, regulators around the world areContinue reading “With UST’s depegging ‘LUNA-cy’ out in the open, regulators begin to get jittery”

Founded by Alex Skidanov and Illia Polosukhin, NEAR Protocol prides itself as a development platform, with the concepts of sharding, proof-of-stake, and a layer-one blockchain designed for usability central to its operations. In the last few weeks, the Protocol recorded significant strides. Amidst other developments that were recorded, Phemex, a leading cryptocurrency exchange, announced onContinue reading “Near Protocol: A look at why recovery isn’t as ‘NEAR’ as it may seem”

“For what shall it profit a man, if he shall build a metaverse, but lose his investors?” This is what the developers of Shiba Inu are pondering. With the promise to make its investors and other interested members of the public “landowners”, the Shiba Inu ecosystem last month launched its Shib Metaverse. The sale ofContinue reading “As Shiba Inu’s ‘The Metaverse’ sale tokens tank, here’s the full story”

In the early hours of 14 May, Cardano founder Charles Hoskinson informed the community that the Vasil Hard Fork is on schedule. It would be implemented by 29 June, he said. With the Vasil Hard Fork, significant updates will be deployed on the Cardano blockchain and its smart contract platform, Plutus.  Speaking about the VasilContinue reading “Cardano [ADA]: Vasil’s date is set and investors should know that…”