Tether announced on Thursday it will coordinate with a third party to perform a chain swap for raising more than 1 billion USDT while keeping the total supply the same. Tether plans to use Tron TRC20 for the swap. The decision came as the USDT plunged to 0.95, destabilizing its Dollar peg. Just after Tether,
The post Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How appeared first on CoinGape.
This Top-50 Crypto Has Risen Past Wednesday’s Market Crash
Axie Infinity (AXS), native token to the popular blockchain game, has vastly outpaced the crypto market in the past 24 hours. AXS is trading up 7% in the past 24 hours at $23.1. This comes despite most other top-50 crypto tokens plummeting between 6% to 35% in the same period. Apart from AXS, the only The post This Top-50 Crypto Has Risen Past Wednesday’s Market Crash appeared first on CoinGape.
Scoop: What’s Behind Crypto Stablecoin Crash?
The crash of Terra’s UST has sparked serious debate over the future of the stablecoin space, while severely denting crypto market sentiment. UST de-pegged from the dollar earlier this week, and has since struggled to regain its 1:1 peg. Corrective measures from founder Do Kwon and the Luna Foundation Guard have done little to remedy The post Scoop: What’s Behind Crypto Stablecoin Crash? appeared first on CoinGape.
Bitcoin: Crypto market bloodbath ranges on as BTC touches $26k range
As Bitcoin to a new low, other cryptos also plunged likewise including Ethereum, Solana, and Ripple. The market cap of the crypto industry even fell to $1.37 trillion representing the plight of investors. BTC prices dropped below $29,000 in what has been a dreadful month so far. Even the metrics are suggestive of a bearish […]
Top Meme Tokens Slammed By Crypto Crash; SHIB, DOGE Sink 30%
The Cryptocurrency market crash continues for another day. All the top crypto token prices have cumulatively taken part in the freefall. Meme coins have also seen little quarter from this crash. Prices have nosedived in the past week. The total meme crypto market capitalisation has dropped by a whopping 30% in the last 24 hours. The post Top Meme Tokens Slammed By Crypto Crash; SHIB, DOGE Sink 30% appeared first on CoinGape.
Veteran Trader Peter Brandt Predicts Bitcoin Local Bottom
Bitcoin (BTC) price dropped below $27k today amid the market-wide pressure predominantly due to the latest U.S. Consumer Price Index (CPI) data. Veteran trader Peter Brandt, who predicted the Bitcoin fall to $28k when the price was trading near $39k, has a new forecast. He expects the BTC price to rebound from the $27k level—the new The post Veteran Trader Peter Brandt Predicts Bitcoin Local Bottom appeared first on CoinGape.
Bitcoin (BTC) Crashes Below $27K On These Three Factors
Bitcoin (BTC) broke below two key support levels on Thursday as a market rout intensified. While its latest crash was directly triggered by higher-than-expected U.S. inflation data, there were also other factors driving investors out of crypto. BTC is trading down 15% in the past 24 hours at $26,848- its lowest level since December 2020. The post Bitcoin (BTC) Crashes Below $27K On These Three Factors appeared first on CoinGape.
MATIC forms a bullish reversal candle pattern; should investors HODL or sell
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The $0.8 and $0.7 areas represent regions where Polygon’s native token MATIC had found good demand in the past. The $0.65 area was visited last July before a 330% rally to reach $2.93 in December. […]
Bitcoin price prepares for a sweep of $29,700 again before…
Bitcoin’s price is hovering inside a range that indicates that some sort of stability is back in the markets. However, this might not be for long as BTC is looking to sweep the lows on a macro time frame and on a lower time frame. Until these events transpire, the chances of an uptrend are […]
XRP whales look for their final destination as traders go haywire
As the crypto market reels from the latest bear attack, how is one controversial top-ten coin dealing with more turmoil and conflict? XRP did produce a green candle earlier but on 11 May, a red one was taking shape. Can XRP beat the odds or is it destined to sink with the rest? Final destination At […]
Gensler attacks USDT, USDC, BUSD while Do Kwon takes his ‘razor focus to deliver’
The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently going through a rough patch. Headlining the dip was Terra labs, which saw its stablecoin take a massive blow of a 90% drop. SEC […]
Ethereum’s TVL takes a massive hit, but here’s a sign of hope
Ethereum [ETH] dropped by 18% in less than a week after bouncing off the $2,200 support level. This happened after BTC suffered another shock and dipped to $30,000. The entire crypto market has gone into a frenzy in recent days with Luna and UST headlining the fallen market situation. A particularly bearish sentiment swept ETH […]
Cosmos: ATOM likely to see a bounce, but how high can it reach
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The trend across the altcoin market remained extremely bearish on the lower timeframes recently. Cosmos was not an exception, as its market structure remained bearish as the price formed a series of lower highs and […]
LUNA, UST postmortem: Was it a coordinated attack or a ponzi
Two days have passed since Terra’s UST got knocked off its dollar peg and it looks like any recovery attempts have failed. LUNA has turned out to be the unfortunate casualty of an unfortunate series of events. The UST meltdown has ignited claims that the stablecoin, along with LUNA and the Terra ecosystem is the […]
Azuki NFT investors check their ikigai as allegations of rug pull…
On 9 May, the prices of one of the most popular NFT collections, Azuki further plummeted following a blog post by Zagabond, the fictitious founder of the project. Not to forget that the average price of Azuki was already on a downtrend post 4 May. In the post, Zagabond disclosed his involvement with previous NFTs projects […]
Shiba Inu: Bearish lingo or bingo? Here’s what’s in store for SHIB holders
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Shiba Inu is ranked #15 on CoinMarketCap after taking a 25% hit to its value as an asset in the past week. The losses that the asset is posting on the charts are likely to […]
Terra-fying war rages as USD Coin [USDC] and Binance USD [BUSD] battle it out
Can you hear the guns being loaded? That’s the sound of battle intensifying as there are only three stablecoins holding their places among the top ten cryptos by market cap. These were Tether [USDT], USD Coin [USDC], and Binance USD [BUSD]. It might look like USDC is the clear winner when compared to BUSD, but […]
Maker Token (MKR) Up Nearly 50% As Rival Terra Crashes
Maker’s (MKR) price has jumped nearly 50% in the last few hours on speculation over replacing Terra’s dominance in DeFi. The DeFi token behind the DAI stablecoin seems to be benefitting from the fall of its competitor Terra’s UST. MakerDAO is has proven to be more stable than Terra thanks to having a more effective The post Maker Token (MKR) Up Nearly 50% As Rival Terra Crashes appeared first on CoinGape.
Litecoin [LTC] investors should watch out for these short-term price levels
Litecoin suffered a major blow to its price action in the last five days courtesy of a massive FUD-induced sell-off. It dropped as low as $74 for the first time since December 2020, but the dip provided a nice discount for those looking to ride the recovery wave. If you are among those who purchased […]
Terra (LUNA) Hits Record Low Of $2.70, Can Do Kwon Fix This?
The Terra (LUNA) price has fallen to an all-time low of $2.70, despite founder Do Kwon’s proposal to fix the UST peg. The token slumped 91% in the past 24 hours, with losses showing no signs of slowing. LUNA’s price crash saw it tumble from the top-10 cryptos to the 43rd place. The proposal from The post Terra (LUNA) Hits Record Low Of $2.70, Can Do Kwon Fix This? appeared first on CoinGape.