Author: dfrancis36

[ad_1] Este artículo también está disponible en español. Uniswap (UNI), one of the most prominent decentralized exchanges (DEX) in the crypto space, is currently making headlines for its potential 139% price breakout. As regulatory discussions unfold in the U.S. Congress, investors are eyeing both Uniswap and the up-and-coming Mpeppe (MPEPE) token for substantial gains. With Uniswap facing heightened scrutiny but showing signs of a bullish reversal, many are diversifying into Mpeppe, which has been forecasted to surge alongside the broader market. Uniswap and the Impact of DeFi Regulations Uniswap (UNI) finds itself at the center of a critical moment in DeFi history as the…

[ad_1] Decentralized Finance (DeFi) activity might be falling as of early September. According to DeFiLlama, all DeFi protocols spread across major blockchains like Ethereum and Solana manage roughly $77 billion worth of assets. Ethereum dominates in total value locked (TVL). Raydium Dominates Solana DeFi Scene While this might be the case, the Solana DeFi scene is booming if recent data is anything to go by. Raydium, a leading decentralized exchange (DEX) on Solana, has solidified its position as a top DeFi protocol on the platform. According to Artemis data shared by an analyst on X, the DEX commands a 60%…

[ad_1] Smart contract platforms have reached all-time highs in active addresses in the face of a price correction – a good sign for the asset class, according to analyst Jamie Coutts. Citing active address data from the analytics platform Artemis, Coutts says that the surge during the current price dip is a positive sign. “The daily active addresses metric for Smart Contract Platforms (SCP) hits an all-time high of 17 million, up from 5 million 12 months ago. Total Mkt Cap is down -35% since March but up 63% from a year ago. This is a healthy correction in a…

[ad_1] Este artículo también está disponible en español. Chainlink is in a consolidation phase after weeks of volatility and selling pressure. The price currently holds above a support level of $10, a crucial liquidity level. The altcoin attracts the attention of analysts and investors who anticipate higher prices soon.  Related Reading Data from Santiment reveals rising open interest, which signals sustained demand for Chainlink. As more traders and investors build positions, this increase in open interest suggests that a price rally could be on the horizon. This stabilization around the $10 mark has given some confidence to those who believe…

[ad_1] Bitcoin, the original cryptocurrency, has come a long way from its informal past. From an experimental digital currency that occupied cypherpunk niches on the internet, it has grown to a trillion-dollar market cap asset valued at over $66,900 per coin as of this writing.While investing in Bitcoin is still considered a wild ride, the asset is quickly maturing. Financial institutions are closing in and creating hybrid vehicles to invest in cryptocurrency. The ecosystem reached a new milestone with the advent of Bitcoin ETFs, making people realize the immensity of Bitcoin’s potential in traditional markets and spurring new demand.As more…

[ad_1] Este artículo también está disponible en español. Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. Well-known XRP figure Edward Farina recently predicted that the coin will be on a “perpetual cycle.” Farina had this to say during the Istanbul Blockchain Week, with many believing XRP will enter into its biggest bull cycle despite the currently unstable market conditions. He has called on investors to enjoy the current situation while prices are low. Related Reading Another crypto analyst, Egrag, shares his technical examination of XRP’s price movement in support of Farina’s…

[ad_1] Dogecoin (DOGE) finally recovered above the psychological price of $0.1, providing a bullish outlook for the foremost meme coin. Dogecoin’s price recovery is thanks to several factors, including the recent bounce from the flagship crypto, Bitcoin (BTC). Dogecoin Reovers Following Bitcoin’s Rise Dogecoin recovered above $0.1 following Bitcoin’s rise to as high as $58,000 this week. The meme coin’s price is known to have a strong positive price correlation with the leading crypto. As such, Bitcoin’s rise from below $54,000 over the weekend to $58,000 on September 9 ultimately paved the way for DOGE to recover above this crucial…

[ad_1] A Solana (SOL)-based decentralized exchange (DEX) altcoin is rallying after a major crypto investment firm disclosed a large stake in the project. According to a new Multicoin Capital announcement, the firm with $1.4 billion in assets under management (AUM) has built up a sizable position in Drift Protocol (DRIFT). Drift is an open-source DEX that enables transparent and non-custodial trading. Says Multicoin Capital, “Multicoin has accumulated a large position across our funds – both liquid and venture – in DRIFT, the native token of Drift, a derivatives decentralized exchange (derivatives DEX) on Solana. We built the position over the…

[ad_1] Este artículo también está disponible en español. As we move through the latter half of 2024, the cryptocurrency market remains as volatile and dynamic as ever. Among the top contenders making headlines is Internet Computer (ICP), a project that aims to revolutionize the internet by decentralizing backend infrastructure. Alongside it, GoodEgg (GEGG), a rising star in the crypto world, is making waves with its innovative digital dating platform, positioning itself as a hybrid between Social-Fi and meme coins. This article will dive into the future predictions for Internet Computer (ICP) and highlight the unique developments surrounding GoodEgg (GEGG). September 2024: ICP Struggles Amidst Market…

[ad_1] The UK Parliament has introduced the Property (Digital Assets etc) Bill today to officially and legally recognize Bitcoin, cryptocurrency, and other digital assets as personal property. With this new legislation, for the first time, British law would officially protect digital holdings such as Bitcoin and other cryptocurrencies, non-fungible tokens (NFTs), and carbon credits.JUST IN: 🇬🇧 UK Parliament introduces bill to recognize #Bitcoin as personal property. pic.twitter.com/FzMHgmIZjx— Bitcoin Magazine (@BitcoinMagazine) September 11, 2024 “It is essential that the law keeps pace with evolving technologies and this legislation will mean that the sector can maintain its position as a global leader…