AVAX, MATIC, Uniswap witness explosive on-chain activity, on track for massive price rally
Messari Crypto's Analysts reveal that active Avalanche addresses hit a new all-time high in Q4 2021. The DeFi boom that started in the last quarter of 2021 fueled a spike in on-chain activity in AVAX, MATIC and Uniswap. Liquidity providers on Uniswap earned 54% more fees than in Q3 2021, indicating network growth and rising utility.
Cardano Price Prediction: ADA readies for another run to $1.30
Cardano price experienced a nice jump higher on Monday, closing the session with a 5.5% gain. Concerns about crossing and staying above the Kijun-Sen continued until almost, literally, the last minute of the daily candlestick. Bulls have one more nearby resistance level before ADA would likely move towards $1.30 – the primary resistance level on its chart.
Musk family is bullish on Algorand, invests in decentralized music platform Dequency
Algorand based Dequency raised funds from investors, including Elon Musk's siblings Tosca and Kimbal. Dequency, a decentralized music platform, has raised $4.5 million in its latest investment round. Algorand Dapp Dequency raised some cash from several investors, including two of Elon Musk's siblings.
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Cryptocurrencies market cap declined $410 billion on Tuesday shedding excess of all 10% gains booked after Trump’s strategic reserve announcement. Bitcoin’s 13% decline in early Asian trading on Tuesday triggered a $125 billion market cap decline, wiping out gains recorded on Sunday.
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Dogecoin extends its decline, trading around $0.19 on Tuesday after falling nearly 17% the previous day. The recent correction in DOGE has triggered a wave of over $20 million in liquidations in the last 24 hours and more than $100 million last week.
ETH sellers mount $1.8B resistance as tariffs nullify bullish catalysts from Trump and Ethereum Foundation
Ethereum price dipped 16% to hit $2,100 on Monday, after climbing 15% from $2,200 to $2,550 hours after Trump confirmed the inclusion of ETH in a proposed US Crypto Strategic Reserve.
Bitcoin drops under $90,000, are institutions truly long BTC?
Bitcoin climbed to a high of $94,416 early on Monday before erasing newfound gains and dropping under $90,000 support. Market movers and recent bullish developments, such as the United States (US) strategic reserve announcement, failed to catalyze a sustainable rally in Bitcoin.
Bitcoin: BTC bloodbath continues, near 30% down from its ATH
Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.
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