LDO, ETC, IMX, BTCETF, and MK are considered the best crypto to buy now, following their significant market gains and developments. Image by cryptonews.com. Lido DAO’s LDO price has jumped over 22% in the past week, positioning it as potentially one of the best crypto to buy now. Likewise, Ethereum Classic’s ETC price also jumped…
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Lido Finance, a decentralized liquid staking platform, is ending its Solana (SOL) operations after the DAO community voted in favor of sunsetting the Lido on Solana protocol. Per Lido’s blog post on Monday, the process of shutting down Solana staking product will “begin shortly” phasing out. “After much discussion and a vote by Lido DAO…
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Bitcoin is holding above $26,500 and the price stability could lead traders to take a second look at SOL, LDO, ICP and VET. The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than…
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According to an analysis from investment manager firm VanEck, exchange volume across DeFi protocols declined to $52.8 billion in August, 15.5% lower than in July. The decentralized finance (DeFi) ecosystem has suffered more setbacks in August as on-chain economic activity dwindled. According to an analysis from investment manager firm VanEck, exchange volume declined to $52.8…
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With an unwavering conviction in the potential of cryptocurrencies, Larry Fink, helmsman of BlackRock, the world’s most influential asset management firm, expressed a stronger faith in digital assets as investment tools today. His contention is that cryptocurrencies will “transcend any one currency.” How will this influence the best cryptos to buy now? Fink shared his…
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On July 7, 2023, the digital asset manager Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund. Although no new tokens were added to two of the funds, Grayscale revealed that it added Lido DAO’s native cryptocurrency and governance token,…
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If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies. Altcoin prices crumbled after the United States Securities and Exchange Commission (SEC) announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two…
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The U.S. House Financial Services Committee will hold a hearing on June 13 on the topic of cryptocurrencies, potentially giving more clarity to the markets. The committee oversees matters like the Federal Reserve Board, the US Treasury, and currency. How might this affect the cryptocurrency market and the selection of the best cryptos to buy…
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Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn’t pass its first test in Congress. Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before…
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In a financial landscape characterized by soaring volatility, Bitcoin, the flagship cryptocurrency, is demonstrating a shift from its bullish trajectory that had set the tone for the year. Today’s trading pattern shows a notable pullback from last month’s high of $31,046, presenting a murky market sentiment. Given this state of flux, what are the best…
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