Analysis

YFI price rose for five straight days as investors bought the dip in DeFi cryptocurrencies. Yearn Finance rose to $11,350, which was the highest point since May 12th of this year. It has jumped by about 172% from the lowest level this…
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Total Market Cap (TOTALCAP) has broken out from a short-term descending resistance line and is gradually increasing towards a longer-term one. TOTALCAP has been decreasing underneath a descending resistance line since reaching an…
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Stefan Rust, CEO of Laguna Labs, discussed in-depth MakerDAO and how the decentralised finance (DeFi) ecosystem should consider its next steps.  Stefan Rust, CEO of Laguna Labs, has warned the DeFi community to be wary of institutional…
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Bitcoin (BTC) attempted to claw back losses on July 27 as a macro day of reckoning arrived for risk assets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysis: $24,300 resistance “not a good sign”Data from Cointelegraph…
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HBAR, the native token of the Hedera ecosystem, has been underperforming despite achieving a new milestone.  The cryptocurrency market has continued its poor start to the week. Over the last 24 hours, the cryptocurrency market has…
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Fantom (FTM) has been increasing at an accelerated rate since breaking out from a descending resistance line on July 18. FTM has been moving upwards since reaching a low of $0.194 on June 13. On July 18, it managed to break out from a…
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Fantom token holds above $0.288 breakout support The cryptocurrency is strong but is stalling as most tokens endure market corrections. Investors should wait to buy FTM after a retracement, potentially towards $0.288 Fantom…
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The mood across the cryptocurrency ecosystem is noticeably brighter on July 22 after a week of gains helped traders put the events of the past two months behind them and look toward a positive future. Data from Cointelegraph Markets Pro…
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The YFII price soared to the highest point since June 25th of this year. The token surged to a high of $1,700, which was about 385% above the lowest level in June this year. The token has a market cap of more than $66 million.  What is…
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Tesla, which just over a year ago rocked the financial world by making a major investment in bitcoin (BTC), has backtracked and sold 75% of its holding.  The Elon Musk-led company invested  $1.5 billion in BTC in Feb 2021, but ended up…
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