Ethena Labs has revealed a significant development in the application of USDe, a novel digital currency, through its incorporation with Bybit. The inclusion of support for USDe will allow users to trade perpetual contracts while potentially securing returns on the Ethena platform. Ethena Labs has unveiled a pivotal advancement with the adoption of USDe, a fresh...
Recently, there has been a noticeable increase in social volume concerning GALA cryptocurrency. GALA crypto may encounter a significant obstacle at the upper edge of a distinctive pattern that has emerged. GALA cryptocurrency appears to be bottoming out after a period of decline, even as the wider market undergoes corrections. Previously, GALA's price was...
In the past week, both the 7-day and 24-hour active address counts have seen an increase, signaling a positive shift in sentiment. Investors in Bonk are preparing for a potential rebound to its April 25 peak value of $0.00002966. Over the last few sessions, the cryptocurrency market has seen a significant recovery, with Bitcoin climbing from a low close to...
Maker has a market cap of $2.6 Billion and is ranked 45th in the Coinmarket cap. MKR has a total supply of 977631 in which 92.5% is circulating in the market. MKR token is currently trading at a price of $2819 with a slight dip of 1.4% in the intraday session. The asset price is currently trading in between the 50 and 100 EMA. MKR upside trend can see a halt near...
Starknet has a market cap of $927 Million and is currently ranked 88th in the CMC. STRK has a total supply of 10,000,000,000 STRK in which 7.2% is circulating in the market. STRK token price is currently trading near the value of $1.27 with a drop of 6.25% in the intraday session.
Litecoin Price bottomed out after retracing multi month low value and reclaimed $80 level. The increased active addresses and OI data validates the possibility of further growth. Litecoin encountered a strong support near the multi month low value and jumped higher after retracing the level of $77. The bulls have reclaimed the $80 level however, further gains...
Axie Infinity has a market cap of $1.09 Billion and is ranked 81st in the Coin Market cap. AXS token price is currently trading near the value of $7.56 with a gain of 1.95%. Meanwhile the volume of the asset price has recently seen a surge of over 20.77%. The asset is currently forming weak bullish candles on the daily chart. It is trading below the 50 and 100...
Ronin is an EVM based blockchain which was created for the gamers by SkyMavis. It is one of the only blockchain which has proven to scale a single game to millions of users with over $4Billion NFT volume. Ronin blockchain optimizes for near instant transactions which makes seamless transactions inside a game. In the first few months of launch the platform gained...
The Render ecosystem has issued a whitelist for the Long Dragon LD token exclusive to its network participants. Render crypto is rising bullish waves as Network growth and OI data have turned bullish. The price of Render (RNDR) is exhibiting a positive trend, achieving successive peaks, and not only surpassing similar AI-driven cryptocurrencies but also...
Immutable is one of the first layer 2 scaling solutions for NFT on Ethereum. Their blockchain takes away the limitations of Ethereum like low scalability, user scalability, liquidity and poor developer experience. They provide their users with instant trading, zero gas fees for trading and minting NFT without comprising the asset. Immutable has also provided...
Binance burned 1.5 billion LUNC tokens, reducing the total circulating supply to 5.799 trillion tokens. Terra classic Crypto may flip the bearish crossover of 50 and 200 day EMAs if a double bottom pattern is validated on the daily chart. Terra Classic (LUNC) has been significantly energized by Binance, the foremost cryptocurrency exchange by trade volume. In...
Tron is a blockchain based operating system developed by the tron foundation in 2017. Initially the token was launched in the Ethereum blockchain and later it was moved into its own blockchain.It supports various types of smart contracts and dapps. Recently Tron foundation alongside Justin sun, Bittorrent and Rainberry submitted a new pre-motion letter on May 2....
the 7-day active addresses have observed growth in the last two weeks, despite a price correction. The FLOKI was trading close to $0.00017 recording an intraday gain of nearly 4.02%. The crypto markets saw a sizable drop in April drop, marking the first month of decline since August 2023. However, the recent correction seems to be cooling down, and there are...
XRP was able to bounce back strongly after falling near a multi-month low value indicating a potential increase in demand. Large wallets (whales) have Accumulated Nearly 70 Million XRP tokens in the last couple of sessions. The XRP crypto has shown remarkable resilience by holding above a crucial support level for the past 11 months. Furthermore, the recent...
Ethena has a median APY of 12.2% with a negative USD inflows to the platform.Meanwhile, the number of developers and developers commit is also very low for this platform. The total staked portion of the ENA has also been taking a hit and has reached to 13% as per the data provided by Dune analytics.
Is HNT Poised To Outperform Next Month? HNT crypto bounced back from the lows of $3.65, nearly avoiding the formation of a death crossover. This death crossover comes into formation when the 200-day EMA crosses over the 50-day EMA. However, a sudden surge in Helium price resulted in the aversion of this death cross. The Helium (HNT) price has made a...
Can Ethereum ETF Bring Optimism In The Price? In the present scenario, the Ethereum price is witnessing a strong selloff in Intraday, as it has distanced itself from the $3200 level. The crypto is headed to test the rebound level of $3000, dropping more than 5% in Intraday. The daily chart shows a breakdown of a bearish flag pattern and a rejection from the...
Uniswap is one of the most popular decentralized trading platforms currently present in the market. It is an AMM and was launched way back in 2018 and has gained significant popularity since then. The platform provides liquidity and gives much more value to the Defi sphere.