The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with…
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If BTC holds the $49,000 level, ETH, MATIC, ALGO and EGLD could move higher during Bitcoin’s expected “consolidation phase.” Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour period. During the recent fall,…
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‘It’s like your NFT is the wine cellar, but it’s in your wallet,’ says the staff from World Wide Wines. Many exciting developments are coming to the space of nonfungible tokens, or NFTs, ranging from Metaverse NFTs to fantasy soccer digital collectible cards and up to monster-battle NFT games. In fact, Cointelegraph Research predicts NFT…
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If Bitcoin rises above $60,000, select altcoins such as AVAX, MATIC, EGLD and MATIC may remain strong. Bitcoin (BTC) is witnessing a tough tussle near the $58,000 mark but that has not stopped select altcoins from hitting a new all-time high. This shows that traders are watching the fundamental developments on individual coins. One of…
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In an exclusive ask-me-anything session with Cointelegraph Markets Pro on Discord, Paddy Carroll discussed virtual real estate sales, roadmaps, tokenomics and more regarding the upcoming Bloktopia metaverse. Bloktopia is a virtual skyscraper in the Metaverse comprised of 21 levels, designed to pay homage to the 21 million total maximum supply of Bitcoin (BTC). Owners of…
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Even as Bitcoin consolidates, DOT, LUNA, AVAX and EGLD may continue their upward journey. Bitcoin’s (BTC) dominance has dropped from about 48% on Oct. 20 to 42.3% on Nov. 7 while the total crypto market capitalization has continued its northward journey. This indicates that the price action has shifted from Bitcoin to altcoins. CryptoQuant CEO…
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Bears continue to pressure BTC price but any signs of consolidation could lead to a breakout in AVAX. ALGO, XTZ, and EGLD. China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth…
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While Bitcoin price is fighting to hold above the 200-day SMA, ALGO, ATOM, XTZ, and EGLD continue to march higher. Bitcoin (BTC) is witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average, which is considered as an important level by institutional investors attempting to decide whether the asset…
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Elrond is quietly becoming one of the best-performing altcoins in the current bull market. With Bitcoin (BTC) largely in the spotlight after hitting a new all-time high of nearly $24,000, other projects are starting to ride BTC’s coattails as well. One of the latest standouts is Elrond (EGLD), which is up 20% over the past…
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Traders are taking note of Nexo, Elrond and Blockstack as tokens offering real-world use cases rally higher. The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain…
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