The grip that centralized finance companies have on global finance is slowly loosening, with the focus now shifting to decentralized finance. The largest platform for DeFi, Ethereum is worth more than most top banks these days, especially since its market capitalization, at press time, was over $440 billion. Pantera Capital recently assessed the market capContinue reading “Here’s the how and why of DeFi’s battle with CeFi”

The recent bloodbath in the altcoin market fueled a drop in price for most altcoins in the top-10. However top DeFi projects like SNX, SUSHI, AAVE and CRV were rallying. It wasn’t so easy for YFI though. YFI’s price plunged to the $73,675-level before recovering somewhat to register yet another price rally. In fact, theContinue reading “What might WOOFY’s launch mean for YFI going forward?”

At the time of writing, Dogecoin’s price had dropped by 12% over the last 24 hours. While DOGE did not drop because of them, it’s worth noting that the last few days have also seen the launch of several copycat projects on other ecosystems like Binance Smart Chain and YFI. For what it’s worth, DOGEContinue reading “‘Dogecoin killers’ – How long will these projects survive?”

DOGE has rallied this altseason, to the extent that DOGE copycats are making double-digit gains and offering high ROI to traders across exchanges. Even at the $0.5 level, DOGE ranks fourth in terms of market capitalization and the resistance in the price rally is now visible, it has grown in the past two weeks. ThisContinue reading “If you bought Dogecoin at the top, what are your options?”

MATIC, the altcoin that has rallied over 20% in the past 24 hours is likely to continue rallying due to recent developments. Today, Infura and Truffle have announced support for the innovative Polygon Proof of Stake (PoS) Ethereum sidechain. In the past 90-days, MATIC has offered an ROI of over 864%. Further, short-term returns areContinue reading “Will MATIC’s rally continue with this new development?”

Breaching the $500 Billion mark in market capitalization, Ethereum has offered positive ROI to 100% HODLers at the current price level. The network has supported $303 Billion worth of transactions in the past week. On-chain sentiment is currently bearish, however, that is expected to change in the following weeks. Since Bitcoin is expected to startContinue reading “What should traders know about profiting off of Bitcoin, Ethereum’s divergence”

Ethereum’s market capitalization is now greater than all the largest banks in the world. Based on market cap, it now ranks above JP Morgan Chase, Bank of America, and Wells Fargo among others. Additionally, unlike Bitcoin, Ethereum holdings have been decreasing across spot and derivatives exchanges. This is likely to have intensified the sell-side liquidityContinue reading “This fact offers insights into how much Ethereum’s price can grow”

In the ongoing altcoin rally, memecoins are not the only ones grabbing headlines and making a comeback from the price drop that followed the 2017 bull run. XRP and DOGE, alongside BNB, have emerged as the top two altcoins with increased dominance and hyped-based rallies. The price rally driven by social volume carried the price higherContinue reading “What are XRP’s chances of dropping out of the top 10 ranking”

With ETH’s price at the $3900 level, the altcoin has been hitting new ATHs consistently since the beginning of 2021. Alongside ETH’s price rally, top DeFi tokens are being accumulated. Popular DeFi tokens were consolidating over the past two weeks and are making a comeback. Chainlink [LINK], Yearn Finance [YFI] and Wanchain [WAN] have offeredContinue reading “Chainlink, BAKE, RUNE, CAKE, MKR, YFI: What’s the price growth potential of these alts”

Typically, the cryptocurrency market witnesses retraced highs of several altcoins. This was the case with Ethereum; the alt dropped below the $3800 level within 24 hours after breaching a new ATH. The new ATH above $4197 was held briefly before a near 5% drop in price. The trade volume has increased by over 20% acrossContinue reading “Ethereum’s path to $6000: Before that rally, here’s what you can expect”

The demand for Binance coin has surged considerably in the past 4 weeks and this has resulted in delays across the entire network. It has caused a challenge for retail traders, however, despite working at full capacity, the transactions are nearly smooth for BNB. BNB has come a long way in the past 6 months andContinue reading “What you need to know about Binance Coin’s road to $1000”

DOGE’s rally has slowed down and the altcoin was trading at the $0.53 level. This is consistent with Elevate Trading’s founder @NebraskanGooner’s prediction. Before last weekend, this influencer suggested that above $0.7 is a good profit-taking level for DOGE. Several traders on crypto twitter spewed hate on the tweet, however looking at DOGE’s price chart,Continue reading “Is this price is a good profit taking level for Dogecoin?”