Cryptocurrency markets have been on a recent surge, and this trend is not limited to just traditional centralized exchanges (CEX). The realm of decentralized finance (DeFi) has also experienced a spill-over effect. Historically, decentralized exchanges (DEX) have had lower trading volumes compared to their centralized counterparts. However, the recent market rally has led to increased
The cryptocurrency market experienced a 3% decline in global market cap this week, resulting in a $50 billion loss in valuation. While the overall market trended downwards, three cryptocurrencies, namely XRP, Cardano (ADA), and Shiba Inu (SHIB), garnered attention with their mixed price actions. XRP, the native crypto token of the Ripple network, failed to
The United States Department of Justice (DOJ) has recently taken legal action against two individuals accused of perpetrating a large-scale crypto Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, allegedly defrauded investors of approximately $25 million. The Justice Department’s press release reveals the details of
Cardano (ADA) has demonstrated impressive growth in its decentralized finance (DeFi) space, experiencing a significant increase in its total value locked (TVL). According to data from DeFiLlama, Cardano’s TVL has surged from $188.65 million on October 17 to $431.44 million on December 15, 2023. This remarkable increase reflects a growth rate of 180.636% within this
The native cryptocurrency of Ethereum, Ether (ETH), has made an impressive rebound in 2023. After experiencing significant losses in 2022, the price of ETH has surged to around $2,400, according to CoinGecko’s data. While this is a positive development, it is still far from its all-time high of over $4,800 recorded in November 2021. Optimistic
The recent performance of Bitcoin (BTC) has left many investors and enthusiasts questioning the future of the cryptocurrency. However, chief analyst Ryan Lee from Singaporean exchange Bitget has offered some interesting predictions for BTC’s price in 2024. These projections were shared by crypto data platform Brave New Coin in a recent post. According to Lee,
VeChain (VET), a popular cryptocurrency, has recently caught the attention of crypto analyst EGRAG who predicts a massive rally that could send VET soaring to $2.3. Currently trading at $0.02945, VET has experienced its fair share of ups and downs this year, reflecting the overall volatility of the crypto market. In the first two months
The recent trajectory of Optimism’s native token, OP, has demonstrated a waning bullish momentum. Despite experiencing a pullback, the cryptocurrency managed to retain a significant portion of its profits. However, maintaining its bullish trajectory has proven to be a challenge for Optimism. Crypto analyst Ali Martinez recently shared his optimistic forecast for the price of
Bitcoin made an attempt to surpass the $43,000 mark over the weekend but fell short and retreated back to its starting point at around $42,000. While the primary digital asset experienced a slight recovery, most altcoins remained in the red with only Shiba Inu and Internet Computer managing to achieve notable gains. After reaching a
The altcoin in focus this time around is Polygon (MATIC), and an analyst has provided a detailed analysis of this crypto token. This analysis suggests that MATIC could experience a significant upward move in the near future. In this article, we will delve into the factors contributing to this projection and evaluate the potential growth
