3 key metrics signal Terra (LUNA) price is preparing for a recovery
LUNA price is far from its all-time high but three key metrics signal that the altcoin could be preparing to rally. Go to Source Powered by WPeMatico
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Price analysis 5/4: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT
Bitcoin and most altcoins could remain volatile in the short-term due to the Fed’s decision, warranting caution from traders. Go to Source Powered by WPeMatico
Solana developers share 3 key mitigation steps to make the network robust
Developers have suggested changing Solana’s current data transfer protocol UDP to QUIC, stake-weighted transaction processing and a fee-based transaction priority. Go to Source Powered by WPeMatico
Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT
BTC and altcoins are holding at their current support levels, but this week’s comments from the Federal Reserve could be a determining factor in short-term price action. Go to Source Powered by WPeMatico
Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout
Nearly $170 million left Ethereum-based investment funds in 2022, signaling a drop in institutional demand. Go to Source Powered by WPeMatico
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month
Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest … Read more
After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours
While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana’s blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana’s mainnet to lose consensus for roughly seven hours. Solana’s Mainnet Loses Consensus for 7 Hours … Read more
Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 … Read more
Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to Remain Relevant
Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn’t change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this … Read more
Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs
Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the “Killer 3s.” The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied … Read more