Cardano price turns bullish, but is there substance to the ADA rally?
Cardano’s DeFi footprint and network activity show an uptick in users, but will it be enough to sustain ADA’s recent bullish price action? Go to Source Powered by WPeMatico
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4 reasons why Ethereum price can’t break $1,970
The Ethereum network has faced withdrawals from its smart contract applications, putting the recent ETH price rally in check. Go to Source Powered by WPeMatico
3 reasons why Ethereum’s market cap dominance is on the rise
Bitcoin dominance is rising, but so is Ethereum’s share of market dominance among its altcoin competitors. Cointelegraph explains why. Go to Source Powered by WPeMatico
3 key Ethereum price metrics point to growing resistance at the $1,750 level
Ethereum price looks poised for additional downside as low as the $1,560 level. Go to Source Powered by WPeMatico
Binance CEO CZ responds as data points to billions in exchange outflows
Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. Go to Source Powered by WPeMatico
Ethereum price is pinned below $1.9K, and data suggests that is unlikely to change in the short–term
3 key indicators are behind the prolonged bearish trend in Ether, and data fails to identify an immediate catalyst for a price breakout. Go to Source Powered by WPeMatico
3 reasons why Ethereum price could struggle at the $1.9K level
ETH price could come under short-term pressure due to a downtrend in deposits, reduced DEX volume market share and futures data showing traders with a bearish bias. Go to Source Powered by WPeMatico
Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks
In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit gains of 34% to 42% in the past 30 … Read more
Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share
Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours. TVL in Defi Shows Signs of Improvement, Yet to Surpass Previous Record of $53 Billion … Read more
Ethereum’s Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade
Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536, enabling stakers to withdraw for the first time. At the time of the upgrade, slightly over 8 million ethereum was locked into liquid staking protocols. Since then, over 400,000 ether, valued at $763 million, has … Read more
