Developments around the open-source DeFi protocol, AAVE looks like a non-stop activity. In July, the community agreed to launch GHO, its own stablecoin. Now, AAVE has proposed something new. This time, the community has requested its voting and governance community to approve retroactive funding for AAVE version 3 (V3). So how much is AAVE lookingContinue reading “AAVE: Aftermath of GHO stablecoin approval and V3 kick off”

Solana [SOL] 2021 performance remains one of the best in recent times. Unfortunately, the “Ethereum killer” had failed to replicate that bullish run as it remained at a whopping 83.68% below its all-time high (ATH) as per CryptoQuant. The cryptocurrency surged after the successful Ethereum [ETH] Georli testnet merge. Over the last 24 hours, SOLContinue reading “Solana [SOL] hits a double-digit uptick amid this upgrade”

Over the last week, MATIC has been trying to post positive gains. Even though the bears have the upper hand, the momentum is not entirely in favor of the sellers. Notably, MATIC was 0.39% down within the past one hour of press time. However, it was still 5.61% up in the last seven days.  Well,Continue reading “Decoding reasons behind MATIC’s latest price surge”

Monero [XMR] performed impressively over the last 24 hours with a 6.28% uptick. On the previous day (10 August), the XMR price was $159 as per CoinMarketCap. At press time, it was trading at $168.16, drawing attention and possibly on its way to another solid performance like it did in July. Before now, Monero hadContinue reading “Monero gets Binance backing, but should XMR traders go long”

After a “wow” performance last week, Polkadot [DOT] has reversed to digging for new red levels. Recall that DOT was the best performing cryptocurrency among the top coins on CoinMarketCap during the aforementioned period.  However, DOT has only produced losses for investors with the coin in the portfolio over the last 24 hours. As ofContinue reading “Evaluating why Polkadot [DOT] is struggling to regain support levels”

Bitcoin [BTC] proved it was the crypto king in July after making over 17% profit for investors and leading other altcoins to significant gains. However, the antics of the top-ranked crypto in market value may require short-term investors to remain cautious of any long positions.  BaroVirtual, a CryptoQuant analyst, warned in a recent post citingContinue reading “Why Bitcoin [BTC] investors should consider taking a chill pill”

Imagine a Solana [SOL]-based NFT marketplace planning to build one for an Ethereum [ETH]-based collection. Would it ever be possible to achieve? Well, the leading Solana NFT marketplace, Magic Eden, seems not to think of impossible things. This is because the platform recently made an announcement that proposed to build a marketplace just for YugaLabs-ownedContinue reading “APE factor in Magic Eden’s plan to develop an exclusive for BAYC”

The invention of Bitcoin [BTC] in 2008 led to the idea of decentralization which became the mantra of the entire crypto ecosystem. However, it was necessary to involve regulators and central authorities because of some illegal activities and their negative effect on unsuspecting investors. The latest is the money laundering enterprise set up by TornadoContinue reading “USDC, USDT, BUSD caught in the midst of tornado- Here’s how”

Ethereum [ETH] whales have been all over Shiba Inu [SHIB] accumulation despite uncertainties across the entire crypto market. In fact, the meme token leads every other ETH whale token in a manner that looks unbeatable.  According to the latest WhaleStats revelation, SHIB comes top among the top 500 ETH whale holdings with a $625 millionContinue reading “ETH whales holding SHIB stay undefeated but 350% accumulation…”

Bitcoin [BTC] and Ethereum [ETH] were victims of capitulation between May and June. The top two cryptocurrencies in market value experienced a sharp decline in investors’ interest in the options and derivatives market during this period, especially as the LUNA collapse happened.  In a new turn of events, BTC and ETH seem to have regainedContinue reading “Bitcoin, Ethereum have this new tale for risk-averse investors”

Bitcoin [BTC] hit its 2022 rock bottom on 18 June when it went below $17,700. Since then, the number one cryptocurrency has gone up and down the charts. However, BTC has only surged stronger and did not reach such levels again, spending most of its days above $20,000. Now, there could be another side toContinue reading “Bitcoin [BTC] long-term investors- Here’s what you can do”

Shiba Inu [SHIB]  was the top beneficiary of massive whale action a few days ago as Ethereum [ETH] pumped millions of dollars into the SHIB ecosystem. This series of like-minded decisions proved that the attention toward SHIB did not decline. Similarly, SHIB burned as many tokens as possible between the end of July and 1Continue reading “Shiba Inu, its burn rate, and Binance factor to take note of”