It is the sad reality of life that heralding an innovation in a particular space does not always mean one would forever remain on top. Known to have popularized the adoption of the play-to-earn gaming model in the blockchain space, better days appear to be behind Axie Infinity.  Axie Infinity allows users to acquire theContinue reading “Axie Infinity [AXS]: Identifying whether its best days are behind it”

With claims of having the most users than any decentralized platform with over $4.3 billion in funds, Pancake Swap, on 12 May, published a new governance proposal. It put forth the idea to cap the supply of its native token, CAKE, at 750 million. Although opposed by over 100 participants, the major essence of the proposalContinue reading “What can you expect with no more CAKE to bake”

Phew! What a week this has been in the history of cryptocurrency.  A week marked by a significant decline in price for most cryptocurrencies which led to massive sell-offs on exchanges.  With hodlers on one hand advising investors to tarry and paper hands, on the other hand, exiting to salvage what was left of theirContinue reading “Binance Coin: BNB attempts a recovery but this is what lies on its way”

This week witnessed a significant decline in the value of the cryptocurrency market. Bitcoin and several altcoins recorded daily losses as new lows in price levels were tested. Bitcoin, for example, fell below the $30,000 threshold when it entered the $29,000 region. XRP also recorded a massive sell-off with a 7.44% decline in price onContinue reading “XRP: Despite SEC’s crumbling lawsuit against Ripple, investors aren’t impressed”

The Shiba Inu ecosystem has been experiencing regular network updates, courtesy of its developers. Just a few weeks after the conclusion of the first and second phase of land sale on the Shiba Metaverse, lead developer Shytoshi Kusama outlined developments that are expected on the network in the near future via a blogpost.  According toContinue reading “SHIB’s roadmap to price recovery looks dubious despite this major development”

On 9 May, the prices of one of the most popular NFT collections, Azuki further plummeted following a blog post by Zagabond, the fictitious founder of the project. Not to forget that the average price of Azuki was already on a downtrend post 4 May. In the post, Zagabond disclosed his involvement with previous NFTs projectsContinue reading “Azuki NFT investors check their ikigai as allegations of rug pull…”

Do you hold some Dogecoins? Are you an advocate for this meme coin as the ‘future currency of the internet?’ Well, in that case, you should know that in the last 24 hours, the coin recorded a significant spike in its trading volume. At a 200% spike in its trading volume in the last 24Continue reading “Dogecoin’s 100% spike in trading volume- Here’s what you shouldn’t miss out on”

In the last week, while other networks or Protocols complained of either terrible price or on-chain performance and security breaches, the NEAR protocol appeared to have made significant strides according to its weekly newsletter. Amongst other significant growth to the Protocol, reportedly, the number of unique contracts and daily growth of new wallets on theContinue reading “NEAR, ‘far wherever you are,’ whales, pigs, wolves get ready to take…”

Apparently, opening up your fatherland to strangers to inhabit does not mean they are obligated to extend any good will towards you. Go and ask Shiba Inu. On 23 April, Shiba Inu announced the commencement of the public sale of lands on its Shiba Metaverse. With the public sale, anyone interested would be allowed withContinue reading “All talk and no walk? Shiba Inu’s Metaverse dreams seem to be crash-landing hard”

Imagine trying to escape the volatility madness that plagues the cryptocurrency market by holding a stablecoin. You know that stablecoins usually peg their market value to some external reference such as currencies like the U.S dollar or commodities like gold. Now you have woken up to the news that a stablecoin backed by the U.SContinue reading “Terra: Amid news of UST’s depegging, here’s how the future looks for LUNA”

The last words anyone would expect from the chairman of an organization set up with the mandate of restoring the reputation of Bitcoin after several scandals, and fostering its development and uptake is that “Bitcoin either going to go to $1 million a Bitcoin or zero.” In a recent interview with Fox Business, the ChairmanContinue reading “Bitcoin [BTC] to $0 or $1,000,000? That is the question for the king coin”

Following years of development and an initial announcement made in February this year, Litecoin, on 3 May announced that its major update MimbleWimble (MWEB) has been locked in for activation. Lead developer, David Burkett confirmed that the process of update will be completed over the course of 2 weeks. The MimbleWimble upgrade is expected toContinue reading “Litecoin [LTC]: Post MimbleWimble upgrade, will there be ‘lite’ at the end of the tunnel”