Compound’s meteoric rise in the crypto-space is coupled with the rise of DeFi tokens and retail traders chasing the next “moonshot.” COMP, Compound’s native token, rose over 600 percent from a listing price of $61 to over $350 on June 21, before steadily falling to its current $195 level.
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Tag: Price Watch
Here’s what on-chain data is saying about Cardano’s 15% rally
Cardano (ADA) has been on a hot streak as of late, incurring intense upwards momentum that has allowed it to garner a trend independent of the aggregated crypto market.
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For the first time since 2019, Tezos is at risk of breaking below its 200-day EMA
Tezos, like most other cryptocurrencies, has been caught within the throes of an extended bout of sideways trading as it hovers within the mid-$20 region.
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Latest Compound proposal aims to resolve issue soaking up 80% of BAT’s liquid supply
A previous Compound proposal for COMP yield farming caused a mess in the DeFi market, pushing users to yield farm only in the markets with the highest interest rates.
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Cardano defies market-wide downtrend as correlation to Bitcoin plummets
After facing some overt weakness earlier this week, Cardano’s bulls have come back swinging, propelling ADA up by nearly four percent as the aggregated crypto market flashes some signs of weakness.
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Bitcoin volatility craters to 2020 lows; Is the crypto market coiling up for a major move?
For a brief period yesterday, it seemed as though Bitcoin was making a trend-defining movement that would mark a resolution to the extended period of sideways trading that the crypto has faced over the past several weeks.
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These three factors could determine the mid-term fate of Cardano (ADA)
Cardano (ADA) has been one of the hottest cryptocurrencies throughout 2020, posting gains that have only been rivaled by Tezos and Chainlink.
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Whales might be dumping Bitcoin on Grayscale, and a fund manager calls it “very bearish”
Grayscale Trust, the institutional vehicle for accredited investors to get exposure to cryptocurrencies, has been making the rounds in crypto circles recently for seemingly cornering the Bitcoin market.
The post Whales might be dumping Bitcoin on Grayscale, and a fund manager calls it “very bearish” appeared first on CryptoSlate.
Economist: Crypto’s correlation to stocks could spur massive BTC price decline
Bitcoin and the crypto market appear to have been forming a close correlation to the stock market over the past few months.
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XRP set 900 days of lower highs, and its downtrend may just be getting started
It has been a rocky past few years for the price of XRP.
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