As ETH fell over this weekend crash, several DeFi projects follow suit. Ethereum’s price action is instrumental to DeFi’s rally. In the past month, ETH’s price has dropped below $2000 on a few occasions. On these occasions, there has been a bearish impact on the overall DeFi TVL and the TVL of several DeFi projects.Continue reading “Chainlink, AAVE, Sushi: What’s the deciding factor for these alts?”

There may be more traders shorting Ethereum at the time of writing, than accumulating. In the current bloodbath, Ethereum’s price is 11% below last week’s price level. The market capitalization has held steady at $243 Billion and the trade volume has dropped signaling an accumulation. However, what does this mean for traders buying at theContinue reading “What is the worst-case scenario of buying Ethereum right now?”

SUSHI was trading at the same level as last week, however, there are metrics that suggest the sentiment and ROI have changed. At the $7.91 level, SUSHI’s trading volume was up 83%. This increase in trading volume is not indicative of the dip; it represents the selling pressure that SUSHI has resisted over the pastContinue reading “Why this growth of SUSHI on MATIC should matter to traders”

Top altcoin ETH was trading at the $2200 level and below $3000, ETH is undervalued. However, the current ETH fees have dropped to their lowest level in 2021. It has hit December 2020 level, based on the following data from Santiment. Average ETH fees have not been seen at this level since the peak itContinue reading “Ethereum: When can you expect a rally based on this metric?”

LINK-powered projects have garnered support from several influencers since the last price rally. Trading at $21.39 level, the market capitalization was at $21.9 Billion level based on data from coinmarketcap.com. Based on previous instances, following quad witching, options expiration, LINK’s price rallies consistently every instance. Based on the above chart from Coinmetrics, LINK’s price isContinue reading “Every quad witching, this Chainlink price trend can be observed”

Despite yesterday’s drop, MATIC’s price was 13% above the price level from last week. MATIC was trading at the $1.39 level based on data from coinmarketcap.com. The altcoin has rallied after the launch of multi implementation scaling solution. Among other factors, this has driven the demand for MATIC’s rally and increased the trade volume acrossContinue reading “Ethereum, MATIC and OMG: What ROI can you expect, buying at the current price level?”

On the back of a brief market crash on 18 June, Ethereum’s price was attempting to recover somewhat after trading around the $2200-level. This is the second time Ethereum has recovered from a significant drop in this range and it is important for the altcoin to remain steady above the psychologically important price level ofContinue reading “What you should know about the impact of Ethereum’s scalability”

AAVE, at the time of writing, was consolidating in the buy zone at a price level of $268.31, based on CoinMarketCap. What’s more, AAVE’s market capitalization was $4.2 billion, with the altcoin among the market’s top 30 too. At 80% of its circulating supply, AAVE had over 25% profitable HODLers at the said price level.Continue reading “Three reasons why traders can expect this with AAVE in their portfolios”

One of the market’s top institutional investors, Grayscale, has updated its list of investments in cryptocurrencies, adding 13 new altcoins to its portfolio. From Solana [SOL] to Polygon [MATIC] and KAVA, Grayscale’s new investments have introduced an inflow to several altcoins that have rallied since the beginning of 2021. Though their addition to Grayscale’s portfolioContinue reading “Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?”

Among other DeFi projects, AAVE, Sushiswap and Quickswap have emerged as the projects with the highest on-chain activity. In DeFi it is critical to have social volume, demand, and volatility for investment inflow to increase, and the project to rally. These altcoins have a steady investment inflow and have offered high ROI to traders inContinue reading “AAVE & Sushiswap: How will these alts affect your portfolio?”

Solana’s comeback from the drop to the $23 level is largely attributed to its latest listings on exchanges. The broader market swings fuelled the current volatility and price rally for SOL. The fact that SOL is scalable without relying on L2 and sharding makes it lucrative for traders. It has contributed to the increasing demandContinue reading “What can be expected from Solana’s price this month?”

With Cardano’s price above $1.5, several traders are hoping to delegate it to staking pools for the revenue. Despite a weekly drop of 10% in its price, the altcoin has recovered in the past 24 hours, by as much as 7% based on data from coinmarketcap.com. This is a crucial time for Cardano traders sinceContinue reading “Is this an advantageous Cardano strategy?”