SushiSwap leads DEX token gains as SUSHI price rises by 23% in 24 hours

SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair’s upside move pushed its 24-hour adjusted timeframe profits up to 23%, making SUSHI the best-performing DEX token in the given period. For instance, UNI, the token representing the leading DEX Uniswap by market cap, jumped 6.23% against the U.S. dollar in the previous 24 hours. Meanwhile, PancakeSwap (CAKE) rose 2.5%, THORChain…

Is Coinbase Worth $100B?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io While a number of crypto companies are now discussing going public, Coinbase looks most likely to be the first mover with a valuation pegged at $100 billion. ConsenSys Global Fintech co-head Lex Sokolin and New Constructs CEO David Trainer debate whether or not Coinbase’s high valuation is reasonable. #cryptocurrency #digitalfinance #finance Subscribe to CoinDesk on YouTube: Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: spotify:show:2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: spotify:show:7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company…

Bitcoin Tops Q1 Results With +103% Gains as Gold Brings up The Rear

Messari has compiled the performance of institutional-grade assets for Q1 2021, and Bitcoin leads the pack with a 103% gain. Oil takes second place, up +26%. But continuing to underperform is gold, losing 10%, making it the worst-performing last quarter asset. Source: @usgoose on Twitter.com Bitcoin Leads The Way The price of Bitcoin started the year with a daily close of $29.5k. This was off the back of a milestone 2020, particularly Q4 2020, in which the leading cryptocurrency managed to break $20k, signaling the start of the current bull…

Ethereum Consolidates Gains, Here’s What Could Spark A Fresh Rally

Ethereum is struggling to clear the $2,200 resistance zone against the US Dollar. ETH price is now consolidating and it is likely to start a strong rally above $2,200. Ethereum is trading in a positive zone above the $2,100 and $2,080 support levels. The price is now trading well above $2,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,125 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well bid and it is likely to…

Ripple (XRP) Consolidates Gains, Why Rally Isn’t Over Yet

Ripple extended its rally above the $1.200 resistance zone before correcting lower against the US Dollar. XRP price is now consolidating gains and it is likely to rally again above $1.400. Ripple rallied towards $1.50 before correcting lower against the US dollar. The price is now trading well above $1.1500 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with support near $1.3100 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is likely to start a fresh rally if…

Why ADA could run hotter than Bitcoin and make 10x gains

After breaking in the crypto top 10 by market cap and with 3.597% gains over the past year, Cardano (ADA) seems to be laying low. At the time of writing, ADA trades at $1,24 with 1.7% profits in the daily chart and 6.4% in the weekly chart. ADA moving sideways in the 24-hour chart. Source: ADAUSDT Tradingview Cardano’s native token and its platform are moving towards a major milestone. Targeting a Q3 entry into DeFi with Hard Fork Combinator Alonzo. Bullish investors are betting on ADA’s further appreciation. Analyst Justin…

Coinbase NewsQuake drives Markets Pro gains as Enjin soars

The so-called “Coinbase effect” has been analyzed multiple times by data firms like The TIE and Messari, and the verdict remains clear: Crypto traders who pounce on new Coinbase listings within seconds of their announcement often see substantial gains. Which is why this week’s VORTECS™ Report focuses primarily on a couple of big wins for subscribers to Cointelegraph Markets Pro through the NewsQuake™ service, which delivers market-moving news directly to a dedicated Discord channel and via in-browser alerts at breakneck speed. NewsQuakes™ are sourced from a real-time aggregation engine, collated…

Nasdaq Composite Leads Index Gains as S&P 500 Records New High

The Federal Reserve Chairman Jerome Powell noted on Thursday that the economy is yet to see a well-rounded recovery from the pandemic. The United States stock market saw yet another positive close to Thursday’s market session as the Nasdaq Composite leads the gains after surging 1.03%, adding 140.47 points to 13,829.31. Not only Nasdaq Composite (INDEXNASDAQ: .IXIC) is in green. The Dow Jones Industrial Average (INDEXDJX: .DJI) recorded a 0.17% growth to 33,503.57. The S&P 500 Index (INDEXSP: .INX) soared to 4,097.17, a new high after recording a 0.42% surge.…

New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’

One telltale sign of a growing altcoin season is when obscure and lesser-known projects start putting on face-melting gains as traders scramble to jump on the rising price.  New Kind of Network (NKN) has emerged over the past month as one of these surprise gainers, increasing 1,400% from a low of $0.052 on March 8 to a new all-time high of $0.779 on April 6. NKN/USDT 4-hour chart. Source: TradingView NKN is a peer-to-peer network connectivity protocol and ecosystem that uses economic incentives to “motivate internet users to share network…

Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K

If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway.  Similar to previous cycles, after (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins.  WRX/USDT, WIN/USDT, BTT/USDT, STX/USDT and HOT/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and…