“Crypto, on the other hand, doesn’t have the same valuation metrics. It’s still in its infancy and so are its valuation models,” he said to CoinDesk via email. “That ambiguity, with respect to valuations, is what allowed for investors to justify chasing prices higher. If I’m right on that, then I would expect the volatility …
Crypto Can’t Shake the Correlation Narrative; BTC, ETH Sink but Meme Coins Rise Read More »
The month of May witnessed the epic Terra, now Terra Classic [LUNC] collapse. This triggered massive liquidations in the crypto market. Many investors lost a significant portion of their earnings as tens of billions were wiped off the market in a matter of days. Needless to say, crypto holders were perplexed over the future of …
LUNC’s +107%, and USTC’s +320% rise in past 55 hours could mean… Read More »
A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors’ stablecoin preferences; cryptos tick higher in Tuesday trading. Source link
Both countries have ratcheted up regulation in recent months, creating a less nurturing environment for the crypto industry; most major cryptos were in the green in Wednesday trading. Source link
Russia’s announcement contributed to a spike in BTC above $44,000, although cryptos were already tracking upside moves in equities earlier in the New York trading day. Still, traditional safe-haven assets, such as gold and the U.S. dollar, also rose on Thursday, suggesting some caution among global investors. Source link
At the time of publication, bitcoin was trading at about $44,200, up about 3% over the past 24 hours. Ether, the second largest cryptocurrency by market cap, was changing hands at a little below $3,000, a more than 2% increase. Almost all other altcoins in the CoinDesk top 20 by market cap were trading higher …
Bitcoin (BTC) and other cryptos extended gains into Friday, although some traders expect rallies to fade amid geopolitical uncertainty. Altcoins led the way higher, which could point to bullish sentiment over the short-term. Source link
According to Singapore-based crypto trading firm QCP Capital, bitcoin’s average funding rate, or the cost of holding long positions in the perpetual futures listed on exchanges popular among Chinese traders, including Huobi, OKEx and Bybit, recovered from negative territory much more slowly than the funding rate on other major exchanges such as Deribit. (Exchanges calculate …
Gaming tokens such as Axie Infinity’s AXS and Enjin Coin have registered phenomenal hikes recently as investors have fancied the burgeoning popularity of NFT’s. In fact, AXS sits as the highest gainer of 2021 so far, with a flabbergasting year-to-date surge of 23,554%. As crypto enthusiasts continue to ride the NFT bandwagon, The Sandbox has …
The Sandbox: SAND could rise to $4 before correction sets in Read More »
For a while, many across the crypto industry thought Polygon had a chance of seizing the coveted title of “Ethereum killer.” However, a recent change to the network – and the way it was made – might just throw it off course. From 1 to 30 Around 12 October, Polygon Scan showed a sharp drop …
Polygon sees this turn of events as gas prices rise to 30 gwei Read More »