Bitcoin posted a strong upside rally and closed the last weekly candle with more than 12% gains. It formed a bullish weekly candle and made a high of $42,605 but in the last two days, traders rushed to book profits at higher levels and closed the week slightly below $40K. AT the time of writing, BTC is trading around $40,090. On the Daily TF, BTC is now...
Hedera Hashgraph after gaining exponentially (~13 x) in the first quarter of 2021, has been caught up by the bears. Since then, bulls have not been able to take out their All-Time High of $0.36 (March 15, 2021). With the bears tightening their control over the markets, promulgated by the backdrop of Bitcoin, it resulted in a tectonic shift in the sentiments of...
Compound- the torchbearer of the Yield Farming has established itself as one of the prominent names in the DeFi ecosystem. Being one of the early projects in the DeFi space, Compound has garnered in trust and reliance of the users that have contributed massively to the growth of the DeFi ecosystem. At the of writing, Compound has locked in $7.01 Bn in its...
LUNA is the reserve currency of the Terra platform. The Terra protocol is a Proof of Stake (PoS) based blockchain wherein the miners are required to stake their Luna tokens to mine transactions. As the probability of a validator being able to mine the next Terra block is directly proportional to the staked Luna tokens, Luna holds key importance in the Terra...
Akropolis, an Ethereum based DeFi protocol that offers a suite of products such as AkropolisOS- a framework for developing for-profit DAO, Sparta- a platform for uncollateralized lending, and Delphi- a yield farming aggregator. Since Feb 4, AKRO has been trading in an Ascending Triangle and has given a decent Breakout from the pattern today(31st March). The...
Binance being the world’s largest crypto exchange with a total of 15 mn users and a daily average trading volume of around $12 Bn has also developed its smart contract infrastructure “Binance Smart Chain” to solve the major bottleneck of Ethereum that is its insane gas fees. BNB after hitting its all-time high of ~$348 has been consolidating to date. On 4 Hr Time...
1. With TVL in the DEX protocols standing at $16 Bn, Uniswap stands in the third position with $4 Bn locked in its protocol. 2. UNI has been trading above its 20 and 50 DEMA. It is not able to sustain above $35. Closing above $35 on Daily Time Frame may trigger fresh buying to the upside to the levels of $39 followed by $45 . 3. The support to the lower...
Decentraland is a virtual reality platform built on top of the Ethereum blockchain allowing users to create, experience, and monetize content and applications. MANA is an ERC-20 token that fuels all the transactions of the game. On 2 Hr Time Frame, MANA has been trading in a Symmetrical Triangle and is currently positioned near the upper trendline. Key Levels...