Analyzing Uniswap’s NFT future after the launch of DeFi aggregator
Uniswap kicked its NFT pursuits into high gear through its new aggregator. UNI’s bullish prospects watered down as sell pressure mounted. Uniswap [UNI] has finally jumped on the NFT bandwagon. The DEX has announced the launch of a new NFT aggregator in its latest effort to secure a piece of the NFT market. Are your […]
Avalanche investors could be disoriented as AVAX exhibits these signs
Avalanche DEXs reach new milestones in terms of deposit capacity NFTs, revenue, and minted NFTs on Avalanche decline while stakers on network witness a surge Avalanche, a decentralized finance (DeFi) platform, witnessed noteworthy growth in its decentralized exchange (DEX) market. This was due to the fact that the deposit capacity of GLP on Yeti Finance, […]
BUSD faces depegging scare: What’s going on, Binance?
BUSD under FUD because of reports showing insufficient backing. Until the time of writing, the stablecoin was able to maintain its peg. The stablecoin of trading platform Binance [BUSD] is in the spotlight now. Even though it is the largest cryptocurrency exchange, Binance has been repeatedly criticized. A recent report has now expressed concerns about […]
APE’s momentum slows down and a pullback looked likely — but what can follow?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The momentum on the 12-hour and the daily timeframe was bullish but the lower timeframe momentum began to shift A pullback to an area of interest can be a buying opportunity but will be risky […]
TRON ranks second in TVL, but this is where the network’s dominance is faltering
TRON’s TVL declined, but active addresses and revenue increased. The network witnessed positive trader sentiment alongside USDD’s decline in pool balance and transfer volume. On 10 January, TRON [TRX] tweeted that it ranked number 2 in terms of total value locked (TVL) in the cryptocurrency market. However, despite this accomplishment, data showed that the TVL on […]
All doesn’t seem well with MATIC despite Polygon’s latest accomplishment
Polygon saw a decline in DEX volume and network growth despite reaching a milestone in DEX volume. Growing NFT market and ongoing zkEVM developments were positive for Polygon’s long-term potential despite the current setbacks. Polygon [MATIC] recently reached a new milestone in terms of decentralized exchange (DEX) volume. It crossed $50 billion in DEX volume […]
Can CHZ short sellers count on bullish exhaustion for a sizable retracement?
CHZ surpassed bearish expectations last week in favor of more upside. Directional uncertainty loomed as investors’ whale activity tanked. Roughly one week ago, AMBCrypto looked into Chiliz [CHZ] after it demonstrated signs of a potential retracement. However, the market took a different turn this week after the recent Bitcoin [BTC] rally, which subsequently triggered an […]
Cosmos developer count sees unprecedented rise, but is ATOM rallying?
Developer activity increased on Cosmos network along with staking interest. Activity on the social front decreased along with the weighted sentiment. The Cosmos [ATOM] network saw a material increase in active developers over the last few months, according to a Token Terminal tweet on 10 January. While this may seem like a positive development, ATOM’s […]
YFI’s recent surge says this about Yearn Finance’s latest market movements
Yearn Finance ( YFI) launched a new DeFi feature to allow users to earn through various trade strategies YFI continued rising even after a 7% increase in value over the past week The launch of the Yearn Finance [YFI] Permissionless Vault Factory coincided with the rise in the value of the YFI token. Since the […]
Is XRP an investor favorite this financial quarter? These updates state that…
Coinshares report showed that investors were accumulating XRP as they dumped BTC and ETH Despite the increased accumulation, holders of XRP were still holding at a loss A recent Coinshares report showed that investors’ confidence in Ripple [XRP] was on the rise even despite holders standing at a loss. Recently, the price of XRP witnessed […]
Solana daily active users surge: How will it affect SOL’s performance in 2023?
Solana witnessed an increase in daily active users, driven by DeFi and NFT growth. Long-term growth potential is suggested by rising TVL, growing NFT market, and increasing trading volume. The Solana [SOL] network witnessed a significant increase in daily active users in recent weeks, according to data from Token Terminal. Despite the negative sentiment surrounding […]
Binance Coin reaches a significant resistance zone, can the bulls conquer it?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The $278 mark and its vicinity had a strong confluence of resistance levels Traders can wait for a lower timeframe break in the structure downward before shorting Binance Coin has recovered from the sharp plunge […]
Is Cardano’s latest upswing one of its many short bull runs? Decoding…
ADA hit a volume level that it last experienced in November The RSI metric, however, indicated that there might be a price reversal soon After what felt like a turbulent 2022, Cardano [ADA] appeared walked into 2023 on the green side of the market. As 2023 begins, the asset’s rally accumulated significant value and also […]
Whales find a liking for Shiba Inu [SHIB] but a burning issue prevails
Shiba Inu became one of the most-purchased tokens in the last 24 hours, as whales bought the token in droves. However, its network activity and daily addresses recorded a fall. According to data shared by WhaleStats, Shiba Inu [SHIB] was favored by big addresses as it became one of the most purchased tokens among 100 […]
Ethereum bulls remain euphoric but bears will look to erase all the recent gains
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure flipped bullish for Ethereum last week The move above $1235 saw the range highs tested, but expecting a breakout could be dangerous Ethereum has noted gains of 15.5% in the past three […]
STEPN rallies 40%, buyers can wait for a retest of this support to re-enter
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. STEPN rallied hard in the past few days after finding a local bottom around $0.22. Bitcoin’s next move could heavily influence the direction of GMT in the coming days. Bitcoin [BTC] saw a lower timeframe […]
Is Yuga Labs responsible for these changes in the NFT landscape? Details inside…
Yuga Labs drives growth in the Ethereum NFT market. Mutant Ape Yacht Club, BAYC see an increase in NFT volume and sales. According to data provided by Dune Analytics, there was a significant spike in the number of Ethereum [ETH] NFT trades over the last few months. One potential reason for this growth is the […]
Uniswap dominates crypto fee rankings, surpassing PancakeSwap and LIDO
Uniswap generates record fees and outperforms competitors. The network shows strong financial performance with declining user activity. In the crypto space, Uniswap performed exceptionally well in terms of the fees it generated over the past year. According to data provided by the token terminal, Uniswap ranked 3rd in terms of fees generated, outperforming other protocols […]
Optimism could stay true to its name thanks to these developments of 2023
Optimism witnessed a rise in the number of transactions being made on the network Optimism was also witnessing significant growth on other fronts As per a recent development, the combined transactions on Arbitrum and Optimism were getting closer to the overall transactions being made on Ethereum [ETH]. One of the reasons for the same would […]