As the price of Polygon (MATIC) soars to new all-time highs, crypto analytics firm Santiment is looking under the hood at its on-chain activity and social metrics. Polygon, the leading Ethereum layer-2 scaling solution, surged to an all-time high of $2.92 at one point on Monday, before giving up some of its gains and is …
Category archives: Trending Crypto news
DeFi sector tokens offer shelter as Bitcoin falls below $48.5K
The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses. In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered …
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A new intro to Bitcoin: The 9 minute read that could change your life
By now you’ve probably heard of Bitcoin. You may have heard that it’s made some people rich. You may also have heard that it’s a new form of digital money, and that it’s the future of commerce; or that it’s a criminal enterprise, and that it’s bad for the planet. The messaging is confused and …
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Bitcoin Flashing Strong Bullish Reversal Signal, According Crypto Strategist – Here’s His Target
Popular crypto analyst Kevin Svenson is saying that Bitcoin (BTC) is flashing signals that indicate the leading crypto asset by market cap is in the beginning stages of a bullish reversal. Svenson tells his 67,400 YouTube subscribers that Bitcoin appears to be demonstrating a “bump-and-run bullish reversal bottom.” “Bitcoin is now sitting in a pattern …
Bitcoin daily losses near $4K as S&P 500 hits 69th all-time high of 2021
Bitcoin (BTC) dropped nearly $4,000 on Dec. 28 as the market offered a sharp reminder that the bull run would need to wait. BTC analysts eyes $44,000 BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $48,335 on Bitstamp at Tuesday’s Wall Street open. The pair …
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What were the biggest crypto outcomes of 2021? Experts Answer, Part 1
Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks for investors. “For a space as dynamic as blockchain, it is tough to pinpoint the reasons behind the industry evolving during the year. However, I feel the adoption of smart contracts …
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Sequoia China leads $25M equity round for DeFi wallet DeBank
DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China. The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million. Apart from Sequoia China, the funding round featured major crypto investment firms like Dragonfly, Hash …
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From art to gaming: The biggest NFT trends of 2021
According to a recent report by Cointelegraph Research, the volume of nonfungible tokens (NFTs) sold this year could eclipse $18 billion. From artwork, music and in-game characters to videos and photographs, these minted certificates of ownership for digital assets on blockchains are well sought after by collectors, investors and philanthropists alike. They can also be …
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Crypto Analyst Michaël van de Poppe Unveils 2022 Outlook for Ethereum Rival Solana – Here Are His Massive Price Targets
Cryptocurrency analyst and trader Michaël van de Poppe is plotting out how high one Ethereum (ETH) competitor can go after the altcoin experienced explosive growth during 2021. In a recent strategy session, Van de Poppe tells his 157,000 YouTube subscribers that layer-1 smart contract platform Solana (SOL) is taking advantage of some of the Ethereum platform’s …
GameFi apps revived interest in blockchain gaming: Huobi Research
Crypto exchange Huobi’s research arm, Huobi Research, has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi implies the use of decentralized finance (DeFi) and blockchain gaming that incentivizes users based on a play-to-earn model. According to Huobi Research, on-chain data suggests that GameFi initiatives have seen a steep …
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Ferrari’s new deal with blockchain firm Velas hints at NFTs
Italian luxury sports car manufacturer Ferrari is moving into the blockchain industry by inking a partnership with Swiss blockchain startup Velas Network. Ferrari officially announced Monday that it had signed a multi-year agreement with Velas to jointly issue “exclusive digital content” for the Scuderia’s fans. Velas will also be the main sponsor for Ferrari Esports Series, …
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Ethereum whales dumping ETH as price slides below $4K, data shows
Ethereum is having difficulty keeping its richest investors in line as its native token, Ether (ETH), hints at logging more losses in the near term. Blockchain data analytics service Glassnode revealed that the number of Ethereum addresses holding at least 1,000 ETH dropped to 6,292 this Monday, the lowest reading since April 2017. At its …
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Speed, scaling, regulation to play key role for crypto in 2022: FTX CEO
FTX founder and CEO Sam Bankman-Fried, also known as “SBF,” rounded off 2021 on an optimistic note. SBF waxed lyrical about the crypto market’s state in 2021 while revealing the roadmap for FTX in 2022 in a Twitter flood. In his view, there are three keystones to industry progress in 2022: regulation, scaling and transaction …
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Veteran Trader Tone Vays Predicts Violent Bitcoin Breakout, Says Current Price Action Just a Speed Bump
Seasoned trader and analyst Tone Vays is predicting a strong Bitcoin (BTC) breakout as he says the current price action is just noise. In a new strategy session, Vays tells his 118,000 YouTube subscribers that Bitcoin has been bullish ever since BTC recovered from the pandemic-induced crash in March 2020. “This is just a speed …
Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021
Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows. Strong hands knuckle down throughout 2021 In the latest sign of the …