SpaceSwap is a DeFi aggregator with attractive features. It offers more opportunities for liquidity providers. Mysterious SpaceSwap protocol developers reveal the mind-blowing details of their project’s ambitious Roadmap. The DeFi market began its meteoric rise in early 2020. In just half a year, the total value of all assets locked in DeFi has grown by a factor of 15 – from $600 million to $9 billion. Such changes indicate an increase in interest from the crypto community and investors. DeFi can be safely called the ‘hot hit’ of 2020. DeFi…
Day: September 7, 2020
Ethereum Recovers 8%, But Here’s Why It Could Resume Its Decline
Ethereum found support near $310 and started an upside correction against the US Dollar. ETH price recovered 8%, but it is facing many hurdles near $360 and $370. Ethereum is up over 8% and it broke the $335 and $340 resistance levels. The price is still well below the $370 resistance and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it…
Bitcoin At Potential Risk of Breakdown Below $10,000: Here’s Why
Bitcoin price traded to a new monthly low at $9,853 before correcting higher against the US Dollar. BTC is still following a bearish pattern and it is likely to accelerate lower below $10,000. Bitcoin is trading in a bearish zone below the $10,800 and $10,500 support levels. The price is facing a strong resistance near $10,500 and the 100 hourly simple moving average. There is a major declining channel forming resistance near $10,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to…
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Chainlink Posts Relief Rally, But One Analyst is Still Expecting $5.00; Here’s Why
Chainlink saw a massive decline earlier this week that sent its price plunging to lows within the sub-$10.00 region. The cryptocurrency is beginning to show some signs of strength as it rebounds from these lows, with its recent lows starting to look increasingly like a long-term bottom. That being said, analysts are now noting that the cryptocurrency is beginning to show signs of breaking its mid-term uptrend, which could mean that a notable near-term decline is imminent. One trader in particular believes that a movement towards $5.00 is imminent, with…
YouTube pulls the plug on another crypto livestream
Crypto YouTuber Sunny Decree recently saw his livestream cut short by YouTube, with the platform stating the video had violated its ‘harmful and dangerous policy.’ According to a Sept. 5 tweet from Sunny Decree, the video-sharing platform halted his most recent livestream on his English language channel — based in Switzerland, the content creator also records in German — and warned him a second offense would result in a one-week suspension of service for livestreaming, uploading, and posting. Source: Twitter Decree’s channel has been targeted by YouTube before. In December…
Chainlink (LINK) Surges 25% Higher as Altcoin Market Recovers
Altcoins such as Chainlink took a strong beating over the past three days, plunging dozens of percent from their recent highs as Bitcoin and Ethereum plunged lower. While some altcoins remain near their lows as, LINK has undergone a strong bounce that has brought the cryptocurrency 25% higher in the past 24 hours. Analysts, though, are divided over what comes next for Chainlink. Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Chainlink Recovers as Altcoin Relief Rally Takes Place Santiment, a blockchain analytics firm, is optimistic about…
Binance brings out platform for farming new assets
The world’s largest crypto exchange Binance unveiled the Launchpool platform on Sept. 6. According to Binance, the new platform will allow users to have securely farm new assets as well as users will get new token rewards in return for staking BNB, BUSD, and other tokens. The first project in Launchpool is the Bella protocol, where users will be able to stake their BNB, BUSD, or ARPA tokens into three separate pools to farm BEL tokens over 30 days, starting from 2020/09/09 00:00 AM ( UTC). In addition, Binance will…