Tag: Rally

Near Protocol eyes a Terra-like price rally after new $350M funding raise

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Near Protocol (NEAR) has rallied by almost 30% after announcing on April 6 that it had raised $350 million in a funding round led by Tiger Global, a New York-based hedge fund.  NEAR price eyes 100% price rally NEAR’s price reached over $19.75, just about 2.5% below its all-time high. However, many analysts agreed with the potential for the NEAR/USD pair to reclaim its best level to date, and even rise above it in the coming weeks. NEAR/USD daily price chart. Source: TradingView Adoption remained the key focus behind the…

Coinbase Triggers Altcoin Rally As ‘World’s Lightest Blockchain’ Hits Top Crypto Exchange

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Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay. News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase. According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts. ZK proofs allow…

Altcoin Built on Ethereum Blasts Into Stratosphere With 425% Rally As Two Crypto Exchanges Boost Adoption

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A decentralized exchange (DEX) that offers cross-chain swaps is soaring after its native token received the green light from a pair of cryptocurrency marketplaces. TitanSwap (TITAN) first dropped a hint via Twitter on March 31st that an exchange listing was right around the corner when TITAN was trading for about $1.25. The altcoin then steadily reached a price tag of around $2.00 until yesterday, when two major announcements suddenly sent the DEX surging to heights it hasn’t seen since September 2021. First, Seychelles-based crypto exchange KuCoin announced that it was…

Crypto prices enjoy a solid March relief rally. But, how and why?

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After a rocky start to the new year, March may finally have set the crypto markets back on an upward trajectory. Back in February, news of the war between Russia and Ukraine created significant opportunities for traders to reenter the market at diminished prices. This did not last long, however. The market soon began to recover, and traders who hoped to see Bitcoin (BTC) fall below $40,000 once more were left on the sidelines. Whales remain cautious On March 28, Bitcoin rose back above $48,000 after nearly three months of…

Elon Musk’s Twitter investment puts a 150% rally into play for Dogecoin

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Dogecoin (DOGE) continues its rebound move four weeks after bottoming near $0.10 and is now promising more upside moves in Q2/2022. Dogecoin price nears two-month highs DOGE’s price had risen by nearly 6.5% week-to-date to $0.15 a token. The coin’s recent gains surfaced after Elon Musk disclosed his $3-billion stake in Twitter on April 4, reiterating his influence on its market. Musk has been a big supporter of the Dogecoin community, including his decision to accept DOGE payments at his company Tesla’s online merchandise store.  As Cointelegraph reported, Musk’s investment…

Bitcoin Exchange Outflows Suggest Rally May Only Be Starting

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Bitcoin exchange inflows and outflows continue to be a way to determine what investors are doing with their coins. These usually follow a trend either in a bull or a bear market and deviate when there is a change in the market. This time around, with the market back in another surge, looking at the exchange net flows paints a rather positive picture. This is because bitcoin outflows continue to dominate in this regard. Bitcoin Outflows Ramp Up For the past week, the price of bitcoin has been on an…

SushiSwap Kicks Off Climb, Why This 40% Rally Is Just Getting Heated

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Up 57% in two weeks and 40% in 30 days, SushiSwap (SUSHI) moves at its own beat. The decentralized finance (DeFi) token trends to the upside on the back of a potential integration with Stargate, the LayerZero implementation. Related Reading | Why SushiSwap’s 15% Gain Could Be The Beginning Of An Uptrend At the time of writing, SUSHI trades at $4.80 with a 14% profit in 24 hours. SUSHI with small gains on the 4-hour chart. Source: SUSHIUSDT Tradingview LayerZero is a communication protocol that enables direct interaction between different…

Aave v3 launch triggers 50% rally from long-term descending channel pattern

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The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year’s fast risers have faded into obscurity but this does not mean the formerly “famous” protocols have not continued to build. One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity protocol that allows users to lend, borrow or stake their assets to earn yield from their holdings. Data from Cointelegraph Markets Pro and TradingView shows that the price of AAVE has rallied 110% from a low…