DeFi

At the time of writing, MATIC was trading at a price of $1.080. The Relative Strength Index (RSI) dropped to 29.48 after struggling around the neutral zone, whereas the Awesome Oscillator (AO) was operating in the red zone. However, that doesn’t tell us the whole story. In fact, the altcoin was down by 6.1% inContinue reading “Can Polygon’s performance drive an auto-MATIC? Maybe not…”

Polygon has established its presence in the DeFi space and continues to do so, and this way, what Polygon lacks in the spot market is being fulfilled by killing it in the DeFi market. Polygon has everyone’s attention Polygon achieved a huge milestone recently after it hit 19000+ dApps this month. The DeFi network currentlyContinue reading “Why MATIC is having a difficult time to recover despite record progress”

Despite the NFT boom of 2021 making it clear that apes and punks are here to stay – at least for a little while longer – NFTs are still a source of furious debate and analysis in the crypto community. Are they investments meant to be flipped, or the digital versions of designer art? ForContinue reading “Report: Ethereum still wears the NFT crown, but could Solana be next in line”

Uniswap’s native cryptocurrency UNI is eying its 2022 low courtesy of its downtrend from its March peak. UNI’s price action has been correcting since the start of April, with the alt having already undone its March gains. UNI was trading at $8.28, at the time of writing, after tanking by roughly 14% over the lastContinue reading “Uniswap [UNI] – How real is the likelihood of a new 2022 low”

Mozart and Salieri, iOS and Android, OpenSea and LooksRare – rivalries exist wherever you look. However, most crypto-watchers and NFT lovers have concluded that the high volume of wash trading on the LooksRare NFT marketplace means it can’t match up to OpenSea. On the other hand, LooksRare’s LOOKS token has been seeing some intriguing activityContinue reading “Looks like LOOKS is flying out of exchanges; Here’s why”

While not the most sophisticated of data tools, Google Trends is a way to roughly understand the level of interest that internet users worldwide have in a certain topic. To that end, Google Trends data for the search terms “Ethereum” and “NFT” revealed an unmistakable end result. This was a fall in search interest sinceContinue reading “Google Trends depict falling interest in Ethereum & NFTs but here’s the caveat”

Ronin Network, a cross-bridge chain that powers Axie Infinity, underwent one of the largest exploits. This resulted in a loss of 173,600 Ethereum and 25.5 million USDC, equivalent to more than $600 million. Since the breach occurred on 23 March, the stolen funds have flowed into FTX, Huobi, and Crypto.com, which have all vowed toContinue reading “Ronin hack: Despite sanctions across levels, hacker continues to cash in the loot”

Algorand remains one of the top blockchain networks thanks to its focus on innovation and sustainability. However, its native cryptocurrency ALGO has had better days and is currently trading in a critical price point. ALGO traded at $0.70 at the time of writing and has been on a bearish performance since the start of April,Continue reading “Here’s why ALGO is a great long-term pick at its current price range”

Terra’s stablecoin TerraUSD (UST) has turned a lot of heads around these last few weeks, and the reason behind it isn’t singular. In the world of crypto, where the value of any asset is still determined in USD and will continue to be, UST is trying to become the base standard replacing USD, and thereContinue reading “This is how Terra opens the door to a truly decentralized future”