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Month: May 2020

cryptocurrency May 6, 2020

Advertisements Two of the world’s largest financial services providers, Goldman Sachs and Morgan Stanley, are now hinting that the worst of the COVID-19 market rout is probably over and the economy is showing signs of improvement. Of course, not everyone agrees with that optimistic outlook. HSBC Holdings economist James Pomeroy, for example, has warned that […]

cryptocurrency May 6, 2020

The cryptocurrency market noted speedy recovery following the significant losses it faced after the crash in March. After a period of steady consolidation, the Bitcoin market soon broke above $8k, with the king coin, at the time of writing, wavering between $8.8K and $9.2K. The coin noted a cumulative gain of 16% over the past […]

cryptocurrency May 6, 2020

Advertisements ETH 2.0’s highly anticipated revamp is expected to begin rolling out in a matter of months, but scaling solutions and gas-free transactions have already arrived. Ethereum 2.0 is expected to launch within months, but new scaling solutions and gas-free transactions are already here. The network is also growing more popular, with the number of […]

cryptocurrency May 5, 2020

A prominent analyst within the crypto community suggested that Ethereum’s price action seems to resemble the way Bitcoin was behaving between 2015 and 2018. Under such circumstances, the chartist implied that ETH can surge up to 63x in its next bull run.The smart contracts giant could have the ability to peak at a high of […]

cryptocurrency May 5, 2020

The crypto-market noted a minimal surge on 4 May, resulting in the value of Bitcoin [BTC] surpassing $9k. And while most altcoins did note rising prices, the price momentum of these cryptocurrencies was not enough to turn around the existing market trend. Advertisements Ethereum [ETH]  Source: ETH/USD on TradingView On 4 May, Ethereum rejoiced in […]

cryptocurrency May 5, 2020

When measuring user adoption rather than value locked in, liquidity and loan providers are the most popular applications in DeFi. Key Takeaways Measuring the success of DeFi apps with total value locked (TVL) shows a distorted picture of the space. Instead, the total number of users is a better indicator of a dapp’s popularity. The […]

cryptocurrency May 4, 2020

After noticing a constant rise in Bitcoin locked in Decentralized Finance [DeFi], the total BTC on the platform stood at 2.1k. Despite the tremendous losses noted by the DeFi in March, the value of BTC did not waver, rather remained stable. Adding to this stability, Maker approved WBTC as the collateral asset. Could WBTC become […]

cryptocurrency May 4, 2020

Ethereum failed to continue above the $220 resistance and declined below $208 against the US Dollar. ETH price is currently testing $200 and remains at a risk of more losses.Ethereum topped near the $220 level and started a fresh decline.The price is down more than 5% and it is currently closing in towards the $200 […]

cryptocurrency May 3, 2020

The market crash in March sent all coins on a rollercoaster ride and surprisingly, most of them, at the moment, have recovered from the losses incurred. The second top coin ETH which was trending at $140 level in March has recorded a significant increase in April. A similar pattern was followed by BNB and Cosmos. […]

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