The Total Value Locked for DeFi has risen by over 50 times since last year, going up from $1.97 billion to $52.25 billion. What’s more, DeFi projects’ market capitalization has increased consistently too, hitting a peak of $88.4 Billion on 12 May 2021 before dropping to its present levels, as per data from DeFiPulse. Curiously,Continue reading “What you should consider when looking at DeFi’s long-term, short-term prospects?”

Ethereum’s EIP-1559 upgrade is fast approaching, with the asset trading just under the $2100-level at press time. Now, Ethereum successfully made a comeback above the $2000-level after recovering from the drop towards the last week of June 2021. This changed the percentage of large wallet investors holding Ethereum, with the same hiking to the 42%-level,Continue reading “Ethereum EIP-1559 is fast approaching; Why the hesitation?”

Bitcoin’s long-term holders, investors, and institutions that buy and accumulate, (shown by HODLer composition by intotheblock) are a key factor in driving the value of the asset higher. The scarcity narrative has led the price rally since the beginning of 2020.    The drop in quarterly returns comes after a 4-month streak where returns hitContinue reading “Despite Bitcoin’s worst Q2 performance in 7 years, here’s the silver lining”

What happens to the traders who await crashes for accumulating and lowering the average price of the Bitcoin they own? There was an increase in the accumulation of Bitcoin and Ethereum since the crash last week. Ethereum’s on-chain activity was picking up. Yesterday, the number of on-chain transactions just reached its highest number since MayContinue reading “What happened to the traders who bought Bitcoin and Ethereum during the crash”

The recent cryptocurrency crashes have wiped out several billion dollars from the entire cryptocurrency market. The total cryptocurrency market cap decreased by 8% in the past week dropped from $1.59 Trillion to $1.46 Trillion based on the tie’s latest report. Nearly all leading assets, Bitcoin and top altcoins like XRP, LTC, DOGE, and ETH haveContinue reading “Bitcoin, XRP, LTC, DOGE, and Ethereum: Could an increase in this metric be related to price drop?”

Bitcoin’s price was largely rangebound following the recovery from the crash of May 23. However, altcoins have offered double-digit gains in the same time period. This leads traders to the question, is it worth following Bitcoin through the price crashes and accumulating through the dips, when altcoins offer similar or higher returns on your portfolio.Continue reading “Is trading LTC, ETC, MATIC, LINK, or XRP (and other alts) more profitable than Bitcoin?”

Ethereum is currently trading at the $2000 level based on the price data from coinmarketcap.com. ETH’s price was increasing steadily; it is up over 8% in the past 24 hours. The transaction volume has increased in the past 24 hours but on-chain sentiment is currently bearish based on intotheblock data. Since the beginning of 2021,Continue reading “Spot trading Ethereum or Shorting Ethereum, is there no in-between?”

LINK is currently rallying, and it was trading at the $18 level, the price was up 6% in the past 24 hours. The altcoin has rallied from the beginning of 2021 until May 2021, based on the price chart. The price went from $11.87 on January 1 to a peak of $52 in May 2021.Continue reading “Why Chainlink is currently presenting this curious case”

The upcoming Bitcoin difficulty adjustment has raised the question of whether this will present a buying opportunity. Bitcoin’s price was at the $34000 level based on price data from coinmarketcap.com. Bitcoin’s mining difficulty is adjusted automatically after 2,016 blocks have been mined. An adjustment of difficulty upwards or downwards depends on the number of participantsContinue reading “Buying Bitcoin during these periods has proven to be profitable”

Bitcoin’s price dropped nearly 80% only to recover during the 2013 cycle based on price data from coinmarketcap.com. With regard to the recent recovery, analysts have reasoned if the recovery will be of the same magnitude and whether indicators signal long-term profitability. The above chart represents the percent of entities profitable in Bitcoin in differentContinue reading “Calculating your profits on Bitcoin, if you buy the dip”

The fear and greed index continued to show fear among traders, and Bitcoin’s price was rangebound below the $35000 level based on data from coinmarketcap.com. The price was back at the $33k level after last weekend based on the price chart. Traders have an eye on the funding rates, which has remained consistently negative forContinue reading “Bitcoin summer: Are bulls looking at this price level before moving in this direction?”

Dogecoin’s market capitalization was at the $31.6 Billion level and despite a drop in trade volume in the past 24 hours, the altcoin was rallying. The price was 67% away from its ATH of $0.73. Based on the price chart, DOGE has recovered from the drop below the $0.20 level following the crash of 22Continue reading “Which is more profitable? To HODL Dogecoin or exit?”