Long-term holders of the token have significantly shredded their holdings. The SUSHI protocol has seen a decline in growth, thereby putting the network’s health at risk. Although associated with the DeFi movement, SushiSwap’s [SUSHI] recent escapades have reeked of adversity with the U.S. SEC knocking on its doors. However, the troubles of the project didContinue reading “SUSHI holders may have cut exposure long before SEC summon- Here’s how”

SHIB network growth has stalled for about three weeks Although long-term holders chose to be resolute, the ecosystem lacked liquid input According to Glassnode, new addresses on the Shiba Inu [SHIB] ecosystem have trended on the downside since the first week in March. At press time, the number of new addresses was 1,759 — aContinue reading “Shiba Inu’s [SHIB] slump may continue despite increased demand: Here’s why”

Litecoin outperformed Bitcoin and jumped to the top of social rankings. The rally may not last as LTC could be termed overvalued. Litecoin [LTC] separated itself from the broader market fall after the Fed decision ended in an interest rate increase. The decision may have negatively affected Bitcoin [BTC], and several others, but LTC wasContinue reading “Assessing Litecoin’s bounce, social supremacy, and everything in between”

The FOMC increased interest rates by 0.25, leading to BTC’s price drop On-chain analysts and Bitcoin maximalists maintained a bullish stance  Bitcoin’s [BTC] price fell below the $28,000 threshold following the release of the U.S. Federal Open Market Committee (FOMC) decision on interest rates. The FOMC is the country’s Federal Reserve division responsible for evaluatingContinue reading “Bitcoin [BTC] loses grip on $28k as rate hike continues, undeterred”

The Tron native token experienced a major nosedive in quick succession. Liquidation hit a yearly high while the protocol’s founder looks for a way out. Led by “his excellency” Justin Sun, Tron [TRX] has struggled to become a high-ranking cryptocurrency per its price. Moreso, the cryptocurrency had not been able to significantly pull itself outContinue reading “Tron [TRX] plunges, longs liquidated, credit goes to ‘his excellency’”

Analysts agree that BTC could trade above $30,000 before a notable drawback. The $1 million prediction by Balaji is unlikely, but short-term direction depends on FOMC. In 2022, several analysts, at different intervals, gave their opinion on Bitcoin [BTC] hitting rock bottom. And on many occasions, the king coin did not agree with the analysts,Continue reading “Bitcoin [BTC]: A sell-off could be on the horizon, unless…”

ADA’s price significantly increased as whale transactions reached a monthly peak. Holders of the last 30 days jumped into gains. After enduring a long period in red, Cardano [ADA] investors finally had their day of respite. At the time of writing, the native token of the Proof-of-Stake (PoS) blockchain registered a 9.14% uptick in theContinue reading “How Cardano [ADA] shrugged off losses, extended growth hike across board”

Deposits on SushiSwap continue to increase despite potential probe.  The community is in support of the legal fundraising as sentiment around the project reflects optimism. Between 21 March and the time of writing, activities on the SushiSwap [SUSHI] protocol remained increasingly steadfast. Surprisingly, this has been the case despite a recent revelation that the AutomatedContinue reading “Evaluating SushiSwap’s [SUSHI] renewed tenacity amid possible tribulation”

DOGE long positions dominated the market even though most suffered liquidation. Traders have the backing of the MVRV intraday ratio in expecting a rally. During the last bull market, a simple mention of Dogecoin [DOGE] by Elon Musk would have resulted in a quick uptick for the memecoin. However, the reaction seems to have slowedContinue reading “Why DOGE traders remain high-spirited despite recent letdown”

A large percentage of blocks are ready for the Litecoin halving LTC declined following the broader market rise, but its value could increase in the long term According to the Litecoin [LTC] halving tracker, the event would be held on 2 August 2023. But with 133 days to go, only a few things might beContinue reading “Litecoin: On LTC’s underperformance, upcoming halving, and block readiness”

Bitcoin’s hashrate and network difficulty could increase from their ATHs. Miners’ fees have improved, but total revenue remained underwater at press time. Bitcoin’s [BTC] Year-To-Date (YTD) performance of over 70% has been one of the best in its history, considering the number of months it took to reach the landmark. But unbeknownst to many, theContinue reading “Assessing Bitcoin’s hashrate and network difficulty as BTC drops”

Addresses on layer two protocols without tokens yet increased interaction with projects. While StarkNet was planning a token distribution, zkSync remained unsure. Over the last few months, layer two (L2) protocols on the Ethereum [ETH] blockchain have gained noteworthy recognition. Needless to say, a project like Optimism [OP] sustained being the star among many. ItContinue reading “Ethereum [ETH]: Investors return to L2 bridges; zKSync, StarkNet addresses swell”