Category: crypto
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Maker Price Prediction: Will MKR Price re-test $800 in 2023 end?
Maker Price Prediction suggests a rise and the long term outlook remains bullish till price sustains above $500. MKR Price is consolidating in a wide range between $600.00 to $800.00 and buyers were struggling to defend the support. Maker Price faced rejection from the 200 day EMA shows downtrend. However, the buyers are attempting to […]
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Cryptocurrency Options Worth $3.6B to Expire on Friday, 8 am
According to Deribit’s DVOL Index, the implied volatility of ETH has dropped to its lowest level ever. As nearly 26% of open positions on Deribit, the most prominent cryptocurrency options exchange, are scheduled to expire at 8 am UTC on Friday, options traders are keeping a tight watch on their clocks. The chief business officer […]
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Following the Withdrawal of 3.2B DOGE, Robinhood’s Dogecoin Reserve Decreases
After the data monitoring tool, DogeWhaleAlert discovered significant withdrawals of DOGE, Robinhood’s Dogecoin holdings dropped down from the stable supply of 24% to 16%. Robinhood is a commission-free trading and investing platform that deals in both stocks and cryptocurrencies. According to data from DogeWhaleAlert, a data tracking service that issues whale alerts for transactions totaling more […]
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MakerDAO Considers Increasing the DAI Savings Rate (DSR)
The risk management company Block Analytica has suggested raising the Dai Savings Rate (DSR) from 1% to 3.3%. By putting their tokens into the Maker system, users of the DSR may get a dividend on DAI, the fourth-largest stablecoin in the cryptocurrency market. Proposal to Increase DSR The cost of capital in DeFi is determined […]
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US Treasury Secretary Yellen Issued a Warning on US Debt Default
US treasury secretary Janet Yellen wrote an urgent letter to Kevin McCarthy citing her grievances about US debt repayment. In that letter, she claimed that if the debt limit is not raised within June 1, it could result in a defaulter. According to all the available data, the US treasury would need more money to […]
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Liquid Staking Derivatives: The Next Big Project for DeFi
Staking has always been one of the crucial features that offered multiple benefits to cryptocurrency holders. This allowed the holders to gain a specific amount of passive income while supporting and strengthening the network. However, staking sometimes resulted in capital deficiency throughout a network which led to the discovery of liquid staking. Using the feature […]
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The Launch of VeChain’s Virtual Node Will Enhance Resiliency
Various events might result in a single node failing, which could cause several problems. Outages may still happen even in sophisticated configurations with automated failover and fallbacks. New Tool Launched by VeChain In its most recent blog post, VeChain (VET) developed a new virtual node that would automatically send requests to a list of nodes […]
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MINA Price fell 18%; Any signs of reversal visible in mina crypto
MINA Price fell 18% in the previous months and formed a bearish continuation pattern. The prices are continuously falling by forming lower low swings and might test the yearly lows. MINA crypto unable to sustain the price above 200 and 50 day EMA shows downtrend. If any short term relief rally arrives then both the […]
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Cardano Price Prediction: ADA Price might perform well in long run
Cardano Price Prediction suggests a rise and expected to perform well in the long run. Slow and steady ADA Price is rising upward and buyers are trying to keep the price above the 50 day and 200 day EMA. However, the EMA is sloping sideways, denoting the price is expected to consolidate for some time […]
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Filecoin Price (FIL) preparing for big move; Up-move or Down-move
Filecoin Price is quite stable and reversing upward by taking support at $4.200. It shows signs of bullish trend reversal and trying to climb above the 50 day EMA hurdle. FIL crypto price has not performed well in the past months and traded below both the EMA shows downtrend. The Filecoin price is in correction […]