Amazing Crypto

Category: Price Watch

  • Here’s why DeFi has struck a crippling blow to tokens like Tezos (XTZ)

    Here’s why DeFi has struck a crippling blow to tokens like Tezos (XTZ)

    Throughout late-2019 and early-2020, protocol tokens with staking mechanisms garnered significant support amongst users, with tokens like Tezos (XTZ) drawing in massive inflows of investor capital due to lucrative monthly rewards. Although a stable five percent+ annual yield may have been attractive six months ago, the advent and rise of decentralized finance has stolen the…

  • This is the 4th longest streak of Bitcoin above $10k in history

    This is the 4th longest streak of Bitcoin above $10k in history

    Throughout its relatively young history, Bitcoin (BTC) has not stayed above the pivotal $10,000 level for many prolonged periods. In the last several weeks, the top cryptocurrency has remained relatively stable above $10,000. According to data from the pseudonymous analyst “Hsaka,” the recent uptrend is the fourth-longest period BTC stayed beyond $10,000. The fourth longest…

  • Investors pinpoint DeFi insurance as the next big thing—YFI keeps surging

    Investors pinpoint DeFi insurance as the next big thing—YFI keeps surging

    Investors believe insurance on Decentralized Finance (DeFi) could become the next big market within the Ethereum space. Major DeFi projects working on insurance, like Yearn Finance (YFI), have surged in recent weeks as a result. Fred Ehrsam, the co-founder of Paradigm, and Andrew Kang, an investor at Mechanism Capital, both say that DeFi insurance could…

  • This on-chain metric suggests Chainlink is ready to extend its uptrend

    This on-chain metric suggests Chainlink is ready to extend its uptrend

    Chainlink has witnessed some intense volatility in recent days, with its strong macro uptrend stalling after it set fresh all-time highs of $20.00 earlier this week. Part of this recent strength has been fueled by an influx of publicity from mainstream media outlets that have covered the cryptocurrency’s meteoric rise, as well as attention from…

  • Yearn.finance community looks to split YFI token as price rockets past $10,000

    Over the past few weeks, Yearn.finance community members have been driven by a goal of YFI’s price reaching parity with that of Bitcoin. This goal came to fruition overnight, as the token’s price rocketed to highs of over $12,000 before facing an influx of selling pressure that caused it to dip as low as $9,000.…

  • These 4 factors show just how real Bitcoin’s current bull run truly is

    Bitcoin appears to be in the early stages of its next bull run, with the cryptocurrency’s price rallying past $12,000 today and setting fresh yearly highs at $12,400. Although there’s no denying the overt strength that the benchmark cryptocurrency has seen in recent times, some investors are worried that this upswing may end in a…

  • On-chain network activity shows Litecoin (LTC) is preparing for a breakout

    Activity on the Litecoin network is seeing a resurgence amidst a broader bull run in the crypto markets, on-chain data metrics show. The fundamental sentiment is similarly growing, especially as the date for a MimbleWimble implementation draws closer. Franklyn Richards, the founder of the Litecoin Foundation, said in a tweet that Litecoin’s network activity is…

  • Chainlink (LINK) “to the moon”: newly minted Bitcoin bull Dave Portnoy

    Chainlink (LINK) “to the moon”: newly minted Bitcoin bull Dave Portnoy

    This week, Dave Portnoy sent Crypto Twitter into a frenzy when he revealed that he has finally purchased Bitcoin after he enlisted the help of the Winklevoss Twins — Tyler Winklevoss and Cameron Winklevoss, co-founders of the Gemini crypto exchange and Bitcoin billionaires. Announcing this, he released a ten-minute video to Twitter that played out almost like a…

  • Chainlink leads in developer activity as LINK hits all-time highs

    Chainlink leads in developer activity as LINK hits all-time highs

    Chainlink developers recorded the most code “commits” over the past 12 months, according to data on Github. The activity underlines LINK’s strong performance in 2020, its plethora of partnerships across various firms, and receiving accolades from international bodies, such as the World Economic Forum (WEF). High code commits on Chainlink Developers maintaining Chainlink — known…

  • This data suggests Ethereum’s intense uptrend may stall as it reaches $450

    This data suggests Ethereum’s intense uptrend may stall as it reaches $450

    Ethereum has been caught in a parabolic uptrend throughout the past several weeks, and its momentum isn’t showing any signs of slowing down. Throughout the past week, the cryptocurrency had been consolidating below $400 in tandem with Bitcoin’s bout of sideways trading below $12,000. Although the benchmark cryptocurrency remains below this key resistance level, Ethereum…