In the SEC vs Ripple proceedings, the court denying SEC access to Ripple’s legal memos influenced the price in a bullish way, driving the price to the $0.932 level. The trade volume has dropped by nearly 17% and so far it hasn’t affected the price negatively. Among the other external factors, on-demand liquidity is aContinue reading “XRP’s price is likely to reach this level, based on these 3 factors”

LINK price has increased consistently in the past, when Bitcoin price has dropped or remained rangebound. LINK was trading at the $27.22 level and the number of sending addresses has dropped in the case of LINK based on data from Glassnode. Based on the above chart, the number of sending addresses has dropped. Additionally, despiteContinue reading “What Chainlink’s drop in popularity means for its price”

The TVL of DeFi has started to recover following the last dip. It is currently at the $66.4 Billion level. Several DeFi tokens have taken a hit, following the price action over the past week. Less popular DeFi tokens, with low market capitalization have offered double-digit returns in the past week. Curve Dao [CRV] offeredContinue reading “DeFi projects like Yearn.finance, CRV, SUSHI will likely take this price path”

Ethereum’s market capitalization of almost $320 billion, at press time, was less than half of Bitcoin’s own market capitalization. This, despite the fact that Bitcoin continued to remain rangebound below the $40,000-level. Here, it’s worth looking back at a time when Ethereum’s market capitalization hit half a trillion and the flippening narrative became popular. DespiteContinue reading “The possibility of Ethereum achieving this gets real every day!”

Ethereum’s rally to $6,000 is a narrative supported by its increasing market share and capitalization. The altcoin, at the time of writing, was still rangebound around the $2,800-level, based on data from CoinMarketCap, with its market capitalization just under $320 billion too. Combine this with EIP 1559 and the transition to PoS, and it isContinue reading “How lucrative is it for traders to buy Ethereum now?”

The recent launch of MATIC Options by Siren Protocol is one of the many updates on the MATIC network, one supporting its bullish narrative and its price rally. With MATIC’s price above the $1.8-level at press time, the recovery is not yet complete. However, there may be more consolidation before the price rally continues onceContinue reading “What you need to know about the good and bad of MATIC”

Chainlink connects enterprises with blockchain, giving the world a real use case of hybrid smart contracts for both DeFi and institutions. At a time when most DeFi and smart contract applications exist without users and use-cases, LINK differentiates itself, both in application and as a rewarding DeFi project to HODL/ invest in. The price wasContinue reading “How will these 2 features for Chainlink affect traders’ returns?”

Crypto traders’ focus has shifted from Bitcoin accumulation to trading in altcoins, following the crash of May 19 and this is evident from the increasing investment inflow and transaction volume in top altcoins like DOGE, THETA and BNB. Bitcoin’s price was rangebound below the $38000 level, based on data from coinmarketcap.com and these altcoins haveContinue reading “Traders holding Dogecoin, Theta, Binance Coin can expect this move during the week”

Bitcoin’s dominance has dropped to nearly 40% and this drop is the result of the May 19 flash crash. Such crashes have changed market dynamics and influenced trader sentiment in the past, and they continue to do so. This is evident when we compare the crash to the crashes in 2017 before the price hitContinue reading “Bitcoin: The current crash marks the 2nd such drop, and this could mean…”

Sushiswap’s new yield farms have a bullish impact on SUSHI’s price. Trading at the $11.92 level, the market capitalization of SUSHI was at the $1.5 Billion level. Among top DeFi projects this summer, SUSHI’s rally has led the way for DeFi 2.0. At the current price level, concentration by large HODLers was 89% and theContinue reading “What you need to know about this new aspect of Sushiswap”

LINK has rallied consistently for the past week and the price is at the $29.79 level, up by 7% in the last 24 hours. Despite a slow but steady increase in price, trade volume was up 22% in the past day. The price was still 43% away from its ATH of $52.88. The altcoin isContinue reading “Chainlink’s path to $50: Here’s the why, how, and when”

Decentralized Exchanges have hit $19.78 Billion in TVL after recovering from a drop to $14.9 Billion. This recovery comes following the drop on May 24, 2021. Among DEXes, Uniswap leads the way with $6.61 Billion in TVL. Among decentralized exchanges that registered the highest 1-day gain, 113.64% on Integral, 16.31% on LINKSWAP and 15.33% onContinue reading “SUSHI, UNISWAP and CRV: What rising DEX volume means for your portfolio”