Top 3 Coins Price Prediction Bitcoin, Ethereum and XRP: Bulls hold at threshold, ready for takeoff
The cryptocurrency market has had an eventful week, with most actions resulting in losses. The bleeding was not selective; hence major cryptos, altcoins and decentralized finance (DeFi) tokens explored levels below key support areas. According to the data provided by CoinMarketCap, the cryptocurrency market has lost about $27 billion of the total capitalization since September 21. Many analysts believe that cryptocurrencies led by their king, Bitcoin are ready to rebound and correct the downtrend printed in the last few days. Read more ...
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UniSwap Price Analysis: UNI rebounds from the dip, bulls aim higher
The decentralized finance (DeFi) tokens have retreated extensively in the past few weeks. However, the story is a bit different when it comes to the newly-launched UNI token, and perhaps it’s because it has only been in the market for a few days. UNI commenced trading on Binance around $0.25 on September 17. Later the price rallied to highs of $8.64. However, selling pressure gripped the token, resulting in losses that embraced support at $3.65. Read more ...
DeFi is not ready for mass adoption as it is too risky and complicated - Gartner reports
Decentralized finance is a new trend with big promises. The idea is beautiful in its simplicity: to upgrade the outdated financial services by ousting intermediaries and transferring their functions to algorithms and chunks fo computer code. Read more ...
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Maker Price Forecast: MKR could stage 40% rally
MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.
USDT market cap crosses $120 billion as stablecoins continue their uptrend
The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
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