Category: cryptocurrencies

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PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance

PancakeSwap has emerged as one of the top DeFi platforms and its Binance Smart Chain integration makes it a liquidity magnet against competitors like Uniswap and SushiSwap. Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to…
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WINk (WIN) soars as retail DeFi investors flee high Ethereum gas costs

WINk’s low-cost yield farming offerings are attracting retail DeFi investors who have been priced out of Uniswap due to high Ethereum gas costs. Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 ‘summer of DeFi’ as the primary catalyst for the rallies seen in Ether (ETH)  and…
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3 reasons why Enjin (ENJ) price has rallied 800% over the last month

New partnerships, the growing popularity of NFT art and the upcoming launch of JumpNet are just a few reasons why Enjin has rallied more than 800%. Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture.  One project that…
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Stock-to-flow creator doesn’t think Bitcoin’s bull market is done

Is Bitcoin’s macro upward journey over? PlanB says no. Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however.  “IMO we are only ~4 months into the bull market…
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Crypto media runs with the bulls as new entrants compete against established brands

How has the Bitcoin bull run changed crypto media? New opportunities arise during each Bitcoin bull run. The current ebullience has been driven by an influx of institutional investors, along with major payment providers like PayPal and Mastercard.  But why are they here to begin with? Much of the recent enthusiasm can be attributed to…
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3 reasons why StormX (STMX) price has rallied 2,800% in 2021

StormX has quietly rallied more than 2,800% since February as the project’s crypto rewards program and plans to launch a debit card bear fruit for early investors. Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services. Several cryptocurrency companies like…
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$51K Bitcoin price not a problem as ‘structurally, nothing has changed’

On-chain data points toward a bullish future for Bitcoin despite today’s sell-off to $50,400. On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400. The downturn was not a surprise for many traders and some called for a possible test of the…
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New Zealand retirement fund reportedly allocates 5% to Bitcoin

Institutional uptake of BTC is on the rise. KiwiSaver of New Zealand appears to have built up exposure to Bitcoin in October 2020. KiwiSaver Growth Strategy, a $350 million retirement plan operated by New Zealand Wealth Funds Management, has reportedly allocated 5% of its assets to Bitcoin (BTC), underscoring the steady stream of institutional investors…
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Staked ETH Trust opens Ethereum staking to accredited investors

The Staked ETH Trust seeks to simplify the staking process for accredited investors and other institutions. Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain. The Staked ETH Trust is now…
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Theta token price sinks 25% overnight after mainnet delay

Theta lost a quarter of its value in a flash dip following the delay of its mainnet launch. After recording new all-time highs all throughout 2021, the value of Theta (THETA) dropped 25% in less than 24 hours leading into March 25, following news that the project’s mainnet launch had been pushed back two months.…
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