[ad_1] A decentralized finance (DeFi) altcoin is outperforming the broader crypto market this week, sparking a 30% surge amid inflation rate cuts. In a new blog post, DeFi protocol Curve Finance (CRV) says that for its fourth birthday, it is undergoing one of the most significant emissions reductions in its history, one that ends all emissions except those by the protocol’s community. According to Curve, its halving, or when the protocol’s mining rewards are cut in half, is modeled after Bitcoin’s (BTC) but occurs at a different rate. “Curve has enjoyed a handful of emissions decreases over its first three…
Author: dfrancis36
[ad_1] Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to CoinGecko, the token is down more than 16% in the past 2 weeks. With the bears in control of the market, Polkadot’s short-term gains might be compromised. Related Reading Despite showing that Polkadot can still pack a punch, users are still skeptical of the platform’s viability and DOT’s capability to move upward in the coming days. With low investor confidence and a seemingly overhyped feature, Polkadot might be in for a rough ride in the coming days. July:…
[ad_1] Uniswap (UNI) price targets a comeback to $6.7 as bullish momentum continues to build. A break above the key level could signal a renewed bullish trend potentially leading to further gain for the cryptocurrency. With market sentiment gradually shifting, the question now is can Uniswap maintain its momentum and hold the line at $6.7, or will resistance prove too strong? This article aims to deliver an in-depth analysis of Uniswap’s current price action as it nears the $6.7 resistance level, evaluating whether the crypto asset has the momentum to break through and maintain its gains. Additionally, the article will…
[ad_1] Recent market dynamics have again brought Ethereum’s supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow. Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum was designed with an unlimited supply of tokens. This fundamental difference makes Ethereum an inherently inflationary asset, one that has a continuously increasing supply. On-chain data from Ultrasound.money has shed light on the growing supply of ETH in recent months amidst notable price fluctuations…
[ad_1] Institutional investment in Bitcoin ETFs is driven by a startling 27% rise in adoption that occurs within the second quarter of 2024. That increase reflects a growing confidence of institutional players in the digital currency market. Data provided by K33 Research showed that over 260 new firms joined the US spot Bitcoin ETF space, skyrocketing the total number of professional firms holding these ETFs to 1,199 as of the end of June. Retail Vs. Institutional Investors Although institutional interest is high, retail investors own most Bitcoin ETFs. Institutional investors increased to 21% of total AUM in June from 18%…
[ad_1] Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE’s trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform. Related Reading Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform as integration with OKX, a major centralized exchange, will be a big factor for RUNE’s movement in the…
[ad_1] Trillion-dollar asset manager Franklin Templeton aims to widen its footprint in the crypto ETF market having filed with the US Securities and Exchange Commission (SEC) to issue a dual crypto ETF. This application falls second to that of South American company Hashdex as both investment firms attempt to expand a highly engaging crypto spot ETF market. Franklin Templeton Throws Early Hat For Crypto Index ETF On August 16, Franklin Templeton submitted an application to issue the “FRANKLIN CRYPTO INDEX ETF”, an investment fund designed to hold both Bitcoin and Ethereum. This proposed dual spot ETF is to be listed…
[ad_1] Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with bears gaining control and eyeing further downside towards the $00000589. The break below this key level raises concerns among traders, as the possibility of deeper losses becomes increasingly likely. As momentum turns negative, this article aims to examine the implications of PEPE’s price slipping below a critical support level. It will delve into how this breakdown impacts market sentiment, and with the help of key indicators evaluate the likelihood of…
[ad_1] The Bitcoin price began Friday, August 16 from beneath the $57,000 level, following a sudden 7% fall on Thursday. While the premier cryptocurrency is showing good signs of recovery, a prominent crypto analyst has explained how the latest price decline may have pushed the BTC price into a bearish phase. Bitcoin MVRV Drops Below 1-Year SMA – Impact On Price? In a post on the X platform, popular crypto analyst Ali Martinez shared that the Bitcoin price has experienced a shift in its cycle following the latest price dip. This on-chain revelation is based on the Glassnode MVRV (Market…
[ad_1] Recently, a significant amount of interest—both positive and negative—has been placed on Solana. Experts are highly optimistic about SOL, and crypto analyst Alan Santana once showed his doubt over the token by stating that it might be due for a heavy fall. Related Reading Divergent View On The Stability Of Solana Solana has been impressive regarding the stability within this wild market. A crypto expert named Jelle has echoed the same notion as he referred to the wonderful chart of SOL and explained how this digital asset could reach $260. His explanation showed that SOL was easily creating higher…