DeFi market records a 14.7% YoY active user decline as TVL plunges by 68% to $58 billion
Ethereum made Decentralized Finance (DeFi) available to the crypto space when it introduced smart contracts, and the industry since then continued to flourish at a rapid rate. However, the bear markets of January and May 2022 took a severe toll on this growth, and the DeFi market has still not completely recovered from it.
Ethereum Classic Price Prediction: A case of sneaky divergence
Ethereum Classic price shows a strong divergence signal that could become the catalyst of a future penny-from-Eiffel style decline. Ethereum Classic price continues to be the topic of discussion amongst day traders. The ETC price saw an impressive 32% counter-trend rally during the first trading week of September.
Solana Price Prediction: A true bull run vs another suckers’ rally
Solana price has recovered 7% of market value amidst the most recent downtrend. SOL price does not show RSI divergence to securely call the bottom of the current mudslide. Invalidation of the downtrend is a breach above $40.28.
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Bitcoin price crashes 7.7% in Asian session, sets off $200 million in liquidations
Bitcoin price saw a sudden selling pressure early in the Asian session on December 11. This move comes after BTC set up a new yearly high at $44,700 on December 8. The sudden move to the downside has liquidated more than $200 million in positions.
Ripple plunges alongside altcoins in marketwide crash, Galaxy CEO admits XRP Army is real
The SEC v. Ripple lawsuit is in headlines again as pro-XRP attorney John Deaton criticizes former SEC Chair Jay Clayton for his comments on the court ruling. Clayton believes the initial issuance of XRP tokens was a securities transaction in the capital raising phase.
Solana continues to see inflows from the Ethereum chain, SOL price sustains above $72
Solana has captivated market participants' attention and attracted capital inflows from the Ethereum chain. SOL is making headlines for airdrops in the Solana ecosystem and the token has yielded double-digit gains for holders in the past week.
MATIC price could face selling pressure from mounting inflow to exchanges
Polygon’s native token MATIC is likely to succumb to selling pressure from rising inflow of the asset to exchanges. Large wallet investors are sending MATIC to Binance and Coinbase, increasing the selling pressure on the asset.
BTC uptrend capped by supply barrier at $43,860 as FOMO fails to suffice
Bitcoin (BTC) price uptrend has sustained since mid-September on the weekly timeframe but has since slowed down following the lack of tailwinds to drive the market. All along, narratives, themes and speculation were the driving factors, inspiring a wave of fear of missing out (FOMO) in the market. As it turns out, FOMO is not enough anymore.